Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
  

 
  

AMENDED AND RESTATED 

CREDIT AGREEMENT 

dated as of January 12, 2015 

among 

ECLIPSE RESOURCES I, LP, 

as Borrower, 

ECLIPSE RESOURCES CORPORATION, 

as Ultimate Parent, 

BANK OF MONTREAL, 

as Administrative Agent, 

KEYBANK NATIONAL ASSOCIATION, 

as Syndication Agent, 

and 
 The Lenders Party
Hereto 
 BMO CAPITAL MARKETS CORP. 

Lead Arranger and Sole Bookrunner 
  

 
  

  

					
		 		 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 TABLE OF CONTENTS 

 

							
	 	 	 	 	 	  	Page
		
	 ARTICLE I DEFINITIONS AND ACCOUNTING MATTERS
	  	1
				
		 	 Section 1.01
	 	 Terms Defined Above
	  	1
		 	 Section 1.02
	 	 Certain Defined Terms
	  	1
		 	 Section 1.03
	 	 Types of Loans and Borrowings
	  	31
		 	 Section 1.04
	 	 Terms Generally; Rules of Construction
	  	31
		 	 Section 1.05
	 	 Accounting Terms and Determinations; GAAP
	  	32
		
	 ARTICLE II THE CREDITS
	  	32
				
		 	 Section 2.01
	 	 Commitments
	  	32
		 	 Section 2.02
	 	 Loans and Borrowings
	  	32
		 	 Section 2.03
	 	 Requests for Borrowings
	  	33
		 	 Section 2.04
	 	 Interest Elections
	  	34
		 	 Section 2.05
	 	 Funding of Borrowings
	  	36
		 	 Section 2.06
	 	 Termination and Reduction of Aggregate Maximum Credit Amounts; Optional Increase and Reduction of Aggregate Elected Commitment
Amounts
	  	36
		 	 Section 2.07
	 	 Borrowing Base
	  	40
		 	 Section 2.08
	 	 Letters of Credit
	  	43
		 	 Section 2.09
	 	 Defaulting Lenders
	  	49
		
	 ARTICLE III PAYMENTS OF PRINCIPAL AND INTEREST; PREPAYMENTS; FEES
	  	51
				
		 	 Section 3.01
	 	 Repayment of Loans
	  	51
		 	 Section 3.02
	 	 Interest
	  	51
		 	 Section 3.03
	 	 Alternate Rate of Interest
	  	52
		 	 Section 3.04
	 	 Prepayments
	  	52
		 	 Section 3.05
	 	 Fees
	  	54
		
	 ARTICLE IV PAYMENTS; PRO RATA TREATMENT; SHARING OF SET-OFFS
	  	56
				
		 	 Section 4.01
	 	 Payments Generally; Pro Rata Treatment; Sharing of Set-offs
	  	56
		 	 Section 4.02
	 	 Presumption of Payment by the Borrower
	  	57
		 	 Section 4.03
	 	 Disposition of Proceeds
	  	57
		
	 ARTICLE V INCREASED COSTS; BREAK FUNDING PAYMENTS; TAXES; ILLEGALITY
	  	58
				
		 	 Section 5.01
	 	 Increased Costs
	  	58
		 	 Section 5.02
	 	 Break Funding Payments
	  	59
		 	 Section 5.03
	 	 Taxes
	  	59
		 	 Section 5.04
	 	 Mitigation Obligations; Replacement of Lenders
	  	63
		 	 Section 5.05
	 	 Illegality
	  	64

  

					
		 		 	[AMENDED AND RESTATED CREDIT AGREEMENT]
			
		 	-i-	 	

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	 	 	  	Page
		
	 ARTICLE VI CONDITIONS PRECEDENT
	  	64
				
		 	 Section 6.01
	 	 Effective Date
	  	64
		 	 Section 6.02
	 	 Each Credit Event
	  	66
		
	 ARTICLE VII REPRESENTATIONS AND WARRANTIES
	  	67
				
		 	 Section 7.01
	 	 Organization; Powers
	  	67
		 	 Section 7.02
	 	 Authority; Enforceability
	  	67
		 	 Section 7.03
	 	 Approvals; No Conflicts
	  	67
		 	 Section 7.04
	 	 Financial Condition; No Material Adverse Change
	  	68
		 	 Section 7.05
	 	 Litigation
	  	68
		 	 Section 7.06
	 	 Environmental Matters
	  	69
		 	 Section 7.07
	 	 Compliance with the Laws and Agreements; No Defaults
	  	70
		 	 Section 7.08
	 	 Investment Company Act
	  	70
		 	 Section 7.09
	 	 Taxes
	  	70
		 	 Section 7.10
	 	 ERISA
	  	71
		 	 Section 7.11
	 	 Disclosure; No Material Misstatements
	  	71
		 	 Section 7.12
	 	 Insurance
	  	72
		 	 Section 7.13
	 	 Restriction on Liens
	  	72
		 	 Section 7.14
	 	 Subsidiaries
	  	72
		 	 Section 7.15
	 	 Location of Business and Offices
	  	72
		 	 Section 7.16
	 	 Properties; Titles, Etc.
	  	72
		 	 Section 7.17
	 	 Maintenance of Properties
	  	73
		 	 Section 7.18
	 	 Gas Imbalances, Prepayments
	  	74
		 	 Section 7.19
	 	 Marketing of Production
	  	74
		 	 Section 7.20
	 	 Swap Agreements and Eligible Contract Participant
	  	74
		 	 Section 7.21
	 	 Use of Loans and Letters of Credit
	  	74
		 	 Section 7.22
	 	 Solvency
	  	75
		 	 Section 7.23
	 	 Foreign Corrupt Practices
	  	75
		 	 Section 7.24
	 	 OFAC
	  	75
		 	 Section 7.25
	 	 Money Laundering
	  	75
		
	 ARTICLE VIII AFFIRMATIVE COVENANTS
	  	76
				
		 	 Section 8.01
	 	 Financial Statements; Other Information
	  	76
		 	 Section 8.02
	 	 Notices of Material Events
	  	79
		 	 Section 8.03
	 	 Existence; Conduct of Business
	  	79
		 	 Section 8.04
	 	 Payment of Obligations
	  	80
		 	 Section 8.05
	 	 Performance of Obligations under Loan Documents
	  	80
		 	 Section 8.06
	 	 Operation and Maintenance of Properties
	  	80

  

					
		 		 	[AMENDED AND RESTATED CREDIT AGREEMENT]
			
		 	-ii-	 	

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	 	 	  	Page
				
		 	 Section 8.07
	 	 Insurance
	  	81
		 	 Section 8.08
	 	 Books and Records; Inspection Rights
	  	81
		 	 Section 8.09
	 	 Compliance with Laws
	  	81
		 	 Section 8.10
	 	 Environmental Matters
	  	82
		 	 Section 8.11
	 	 Further Assurances
	  	83
		 	 Section 8.12
	 	 Reserve Reports
	  	83
		 	 Section 8.13
	 	 Title Information
	  	85
		 	 Section 8.14
	 	 Collateral and Guaranty Agreements
	  	85
		 	 Section 8.15
	 	 ERISA
	  	87
		 	 Section 8.16
	 	 Unrestricted Subsidiaries
	  	87
		
	 ARTICLE IX NEGATIVE COVENANTS
	  	88
				
		 	 Section 9.01
	 	 Financial Covenants
	  	88
		 	 Section 9.02
	 	 Debt
	  	89
		 	 Section 9.03
	 	 Liens
	  	90
		 	 Section 9.04
	 	 Dividends and Distributions; Redemptions of Permitted 2013 Bond Debt
	  	91
		 	 Section 9.05
	 	 Investments, Loans and Advances
	  	91
		 	 Section 9.06
	 	 Nature of Business; No International Operations
	  	93
		 	 Section 9.07
	 	 Limitation on Leases
	  	93
		 	 Section 9.08
	 	 Proceeds of Notes
	  	93
		 	 Section 9.09
	 	 ERISA Compliance
	  	93
		 	 Section 9.10
	 	 Sale or Discount of Receivables
	  	94
		 	 Section 9.11
	 	 Mergers, Etc.
	  	94
		 	 Section 9.12
	 	 Sale of Properties and Termination of Swap Agreements
	  	94
		 	 Section 9.13
	 	 Environmental Matters
	  	96
		 	 Section 9.14
	 	 Transactions with Affiliates
	  	97
		 	 Section 9.15
	 	 Subsidiaries
	  	97
		 	 Section 9.16
	 	 Negative Pledge Agreements; Dividend Restrictions
	  	97
		 	 Section 9.17
	 	 Gas Imbalances, Take-or-Pay or Other Prepayments
	  	98
		 	 Section 9.18
	 	 Swap Agreements
	  	98
		 	 Section 9.19
	 	 Marketing Activities
	  	100
		 	 Section 9.20
	 	 Designation and Conversion of Restricted and Unrestricted Subsidiaries
	  	100
		 	 Section 9.21
	 	 Permitted Bond Documents
	  	101
		
	 ARTICLE X EVENTS OF DEFAULT; REMEDIES
	  	101
				
		 	 Section 10.01
	 	 Events of Default
	  	101
		 	 Section 10.02
	 	 Remedies
	  	104

  

					
		 		 	[AMENDED AND RESTATED CREDIT AGREEMENT]
			
		 	-iii-	 	

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	 	 	  	Page
		
	 ARTICLE XI THE ADMINISTRATIVE AGENT
	  	105
				
		 	 Section 11.01
	 	 Appointment; Powers
	  	105
		 	 Section 11.02
	 	 Duties and Obligations of Administrative Agent
	  	105
		 	 Section 11.03
	 	 Action by Administrative Agent
	  	106
		 	 Section 11.04
	 	 Reliance by Administrative Agent
	  	107
		 	 Section 11.05
	 	 Subagents
	  	107
		 	 Section 11.06
	 	 Resignation of Administrative Agent
	  	107
		 	 Section 11.07
	 	 Administrative Agent as Lender
	  	107
		 	 Section 11.08
	 	 No Reliance
	  	108
		 	 Section 11.09
	 	 Administrative Agent May File Proofs of Claim
	  	108
		 	 Section 11.10
	 	 Authority of Administrative Agent to Release Collateral and Liens
	  	109
		 	 Section 11.11
	 	 Agents
	  	109
		
	 ARTICLE XII MISCELLANEOUS
	  	109
				
		 	 Section 12.01
	 	 Notices
	  	109
		 	 Section 12.02
	 	 Waivers; Amendments
	  	110
		 	 Section 12.03
	 	 Expenses, Indemnity; Damage Waiver
	  	111
		 	 Section 12.04
	 	 Successors and Assigns
	  	114
		 	 Section 12.05
	 	 Survival; Revival; Reinstatement
	  	118
		 	 Section 12.06
	 	 Counterparts; Integration; Effectiveness
	  	119
		 	 Section 12.07
	 	 Severability
	  	119
		 	 Section 12.08
	 	 Right of Setoff
	  	119
		 	 Section 12.09
	 	 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS
	  	120
		 	 Section 12.10
	 	 Headings
	  	121
		 	 Section 12.11
	 	 Confidentiality
	  	121
		 	 Section 12.12
	 	 Interest Rate Limitation
	  	122
		 	 Section 12.13
	 	 EXCULPATION PROVISIONS
	  	123
		 	 Section 12.14
	 	 Collateral Matters; Swap Agreements
	  	123
		 	 Section 12.15
	 	 No Third Party Beneficiaries
	  	123
		 	 Section 12.16
	 	 USA Patriot Act Notice
	  	124
		 	 Section 12.17
	 	 Waiver of Prior Notice Under Existing Credit Agreement.
	  	124

  

					
		 		 	[AMENDED AND RESTATED CREDIT AGREEMENT]
			
		 	-iv-	 	

 ANNEXES, EXHIBITS AND SCHEDULES 

 

			
	Annex I	  	List of Maximum Credit Amounts
		
	Exhibit A	  	Form of Note
	Exhibit B	  	Form of Borrowing Request
	Exhibit C	  	Form of Interest Election Request
	Exhibit D	  	Form of Compliance Certificate
	Exhibit E	  	Security Instruments
	Exhibit F	  	Form of Guarantee and Collateral Agreement
	Exhibit G	  	Form of Assignment and Assumption
	Exhibit H-1	  	Form of U.S. Tax Compliance Certificate (Foreign Lenders; not partnerships)
	Exhibit H-2	  	Form of U.S. Tax Compliance Certificate (Foreign Participants; not partnerships)
	Exhibit H-3	  	Form of U.S. Tax Compliance Certificate (Foreign Participants; partnerships)
	Exhibit H-4	  	Form of U.S. Tax Compliance Certificate (Foreign Lenders; partnerships)
	Exhibit I	  	Form of Elected Commitment Increase Certificate
	Exhibit J	  	Form of Additional Lender Certificate
		
	Schedule 1.01	  	Existing Letters of Credit
	Schedule 7.05	  	Litigation
	Schedule 7.06	  	Environmental Matters
	Schedule 7.10	  	ERISA Matters
	Schedule 7.14	  	Subsidiaries
	Schedule 7.18	  	Gas Imbalances
	Schedule 7.19	  	Marketing Contracts
	Schedule 7.20	  	Swap Agreements
	Schedule 9.02	  	Existing Debt
	Schedule 9.03	  	Existing Liens
	Schedule 9.05	  	Investments
	Schedule 9.14	  	Affiliate Transactions

  

					
		 		 	[AMENDED AND RESTATED CREDIT AGREEMENT]
			
		 	v	 	

 THIS AMENDED AND RESTATED
CREDIT AGREEMENT dated as of January 12, 2015, is among: ECLIPSE RESOURCES I, LP, a Delaware limited partnership (the “Borrower”),
ECLIPSE RESOURCES CORPORATION, a Delaware corporation (the “Ultimate Parent”), each of the Persons from time to time a lender party hereto, and BANK OF
MONTREAL (in its individual capacity, “BMO”), as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”). 

R E C I T A L S 

A. The Borrower entered into the Credit Agreement dated as of February 18, 2014 (as amended, restated or otherwise modified from time to
time prior to the date hereof, the “Existing Credit Agreement”), among the Borrower, the lenders party thereto (the “Existing Lenders”) and BMO, as administrative agent for the Existing Lenders (in such capacity,
the “Existing Administrative Agent”). 
 B. The Borrower desires to amend and restate such Existing Credit Agreement, and
the parties hereto have agreed to amend and restate the Existing Credit Agreement as provided in this Agreement, which Agreement shall become effective upon the satisfaction of the conditions precedent set forth in Section 6.01 hereof.

 C. In consideration of the mutual covenants and agreements herein contained and of the loans, extensions of credit and commitments
hereinafter referred to, the parties hereto agree that on the Effective Date (as defined below), the Existing Credit Agreement shall be amended and restated in its entirety as follows: 

ARTICLE I 
 DEFINITIONS
AND ACCOUNTING MATTERS 
 Section 1.01 Terms Defined Above. As used in this Agreement, each term defined above has the
meaning indicated above. 
 Section 1.02 Certain Defined Terms. As used in this Agreement, the following terms have the meanings
specified below: 
 “2013 Indenture” means that certain Indenture dated as of June 26, 2013 among the Borrower, the
guarantors party thereto and Deutsche Bank Trust Company Americas, as trustee, as supplemented by that certain First Supplemental Indenture dated as of June 26, 2013, among Eclipse Resources-Ohio, LLC, an Ohio limited liability company, the
Borrower and Deutsche Bank Trust Company Americas, as trustee, that certain Second Supplemental Indenture dated as of November 1, 2013, among Buckeye Minerals & Royalties, LLC, a Delaware limited liability company, the Borrower and
Deutsche Bank Trust Company Americas, as trustee, that certain Third Supplemental Indenture dated as of June 26, 2014, among Eclipse Resources Corporation, a Delaware corporation, Eclipse Resources-Ohio, LLC, a Delaware limited liability
company, the Borrower and Deutsche Bank Trust Company Americas, as trustee and that certain Fourth Supplemental Indenture dated as of December 11, 2014, among Eclipse Resources Operating, LLC, a Delaware limited liability company, the Borrower
and Deutsche Bank Trust Company Americas. 

  

					
		 	- 1 -	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 “ABR”, when used in reference to any Loan or Borrowing, refers to whether such
Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Alternate Base Rate. 

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

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

“Adjusted LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum
(rounded upwards, if necessary, to the next 1/100 of 1%) equal to the LIBO Rate for such Interest Period multiplied by the Statutory Reserve Rate. 

“Administrative Agent” has the meaning assigned to such term in the introductory paragraph hereof. 

“Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent. 

“Affected Loans” has the meaning assigned such term in Section 5.05. 

“Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with the Person specified. With respect to the Borrower, Affiliates shall include, but shall not be limited to, the Permitted Investors, but shall exclude any operating
portfolio company of any Permitted Investor. 
 “Aggregate Elected Commitment Amounts” at any time shall equal the sum of
the Elected Commitments, as the same may be increased, reduced or terminated pursuant to Section 2.06(c) or Section 10.02(a). As of the Effective Date, the Aggregate Elected Commitment Amounts are $100,000,000. 

“Aggregate Maximum Credit Amounts” at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced
or terminated pursuant to Section 2.06 or Section 10.02(a). 
 “Agreement” means this Amended and Restated Credit
Agreement, as the same may be amended, restated, supplemented, or modified from time to time. 
 “Alternate Base Rate”
means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus  1⁄2 of 1% and (c) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1.0%, provided that, for the
avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the rate (rounded upwards, if necessary, to the next 1/100 of 1%) at which dollar deposits of $5,000,000 with a one month maturity are offered by the principal London office of
the Administrative Agent in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, on such day (or the immediately preceding Business Day if such day is not a

  

					
		 	2	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
day on which banks are open for dealings in dollar deposits in the London interbank market). Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective
Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate, respectively. 

“Applicable Margin” means, for any day, with respect to any ABR Loan or Eurodollar Loan, or with respect to the Undrawn
Facility Fee Rate, as the case may be, the rate per annum set forth in the Total Commitments Utilization Grid below based upon the Total Commitments Utilization Percentage then in effect: 

 

																					
	 Total Commitments Utilization Grid
	 
	 Total Commitments Utilization Percentage
	  	 	£ 25	% 	 	 	> 25% £ 50	% 	 	 	> 50% £ 75	% 	 	 	> 75% < 90	% 	 	 	3 90	% 
	 Eurodollar Loans
	  	 	1.500	% 	 	 	1.750	% 	 	 	2.000	% 	 	 	2.250	% 	 	 	2.500	% 
	 ABR Loans
	  	 	0.500	% 	 	 	0.750	% 	 	 	1.000	% 	 	 	1.250	% 	 	 	1.500	% 
	 Undrawn Facility Fee Rate
	  	 	0.375	% 	 	 	0.375	% 	 	 	0.500	% 	 	 	0.500	% 	 	 	0.500	% 

 Each change in the Applicable Margin shall apply during the period commencing on the effective date of such
change and ending on the date immediately preceding the effective date of the next such change; provided that if at any time the Borrower fails to deliver a Reserve Report pursuant to Section 8.12(a), then the “Applicable
Margin” means the rate per annum set forth on the grid when the Total Commitments Utilization Percentage is at its highest level until such Reserve Report is delivered. 

“Applicable Percentage” means, with respect to any Lender, the percentage of the Aggregate Maximum Credit Amounts represented
by such Lender’s Maximum Credit Amount. Each Lender’s Applicable Percentage as of the date of this Agreement is set forth on Annex I. 

“Approved Counterparty” means (a) any Lender or any Affiliate of a Lender, (b) any other Person whose long term
senior unsecured debt rating is A-/A3 by S&P or Moody’s (or their equivalent) or higher and (c) any other Person approved by the Majority Lenders in their sole discretion. 

“Approved Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in
bank loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or
manages a Lender. 
 “Approved Petroleum Engineers” means (a) Netherland, Sewell & Associates, Inc.,
(b) Ryder Scott Company Petroleum Consultants, L.P. and (c) any other independent petroleum engineers selected by the Borrower and reasonably acceptable to the Administrative Agent. 

  

					
		 	3	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 “Arranger” means BMO Capital Markets Corp. in its capacities as the lead
arranger and sole bookrunner hereunder. 
 “ASC” means the Financial Accounting Standards Board Accounting Standards
Codification, as in effect from time to time. 
 “Assignment and Assumption” means an assignment and assumption entered
into by a Lender and an assignee (with the consent of any party whose consent is required by Section 12.04(b)), and accepted by the Administrative Agent, in the form of Exhibit G or any other form approved by the Administrative Agent. 

“Availability Period” means the period from and including the Effective Date to but excluding the Termination Date. 

“Bank Products” means any of the following bank services: (a) commercial credit cards, (b) stored value cards, and
(c) treasury management services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return items, overdrafts and interstate depository network services). 

“Bank Products Provider” means any Lender or Affiliate of a Lender that is then providing or, pursuant to an agreement then
in effect, is obligated to provide, Bank Products to any Group Member. 
 “Beneficial Owner” has the meaning assigned to
such term in Rule 13d-3 and Rule 13d-5 under the Securities Exchange Act of 1934, as amended, except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Securities
Exchange Act of 1934, as amended), such “person’ will be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right is
currently exercisable or is exercisable only after the passage of time. The terms “Beneficially Owns” and “Beneficially Owned” have a corresponding meaning. 

“BMO” has the meaning assigned to such term in the introductory paragraph hereof. 

“Board” means the Board of Governors of the Federal Reserve System of the United States of America or any successor
Governmental Authority. 
 “Borrower” has the meaning assigned to such term in the introductory paragraph hereof. 

“Borrowing” means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans,
as to which a single Interest Period is in effect. 
 “Borrowing Base” means at any time an amount equal to the amount
determined in accordance with Section 2.07, as the same may be adjusted from time to time pursuant to Section 8.13(c). 

“Borrowing Base Deficiency” occurs if at any time the total Revolving Credit Exposures exceeds the Borrowing Base then in
effect. 

  

					
		 	4	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 “Borrowing Base Increase Requisite Lenders” means, (a) if there are less
than three Lenders at such time, all Lenders, and (b) if there are three or more Lenders at such time, (i) at any time while no Loans or LC Exposure is outstanding, Lenders having more than ninety-five percent (95%) of the Aggregate
Maximum Credit Amounts; and (ii) at any time while any Loans or LC Exposure is outstanding, Lenders holding more than ninety-five percent (95%) of the outstanding aggregate principal amount of the Loans and participation interests in
Letters of Credit (without regard to any sale by a Lender of a participation in any Loan under Section 12.04(c)). 
 “Borrowing
Base Super Majority Lenders” means, (a) if there are less than three Lenders at such time, all Lenders, and (b) if there are three or more Lenders at such time, (i) at any time while no Loans or LC Exposure is outstanding,
Lenders having more than eighty percent (80%) of the Aggregate Maximum Credit Amounts; and (ii) at any time while any Loans or LC Exposure is outstanding, Lenders holding more than eighty percent (80%) of the outstanding aggregate
principal amount of the Loans and participation interests in Letters of Credit (without regard to any sale by a Lender of a participation in any Loan under Section 12.04(c)). 

“Borrowing Request” means a request by the Borrower for a Borrowing in accordance with Section 2.03. 

“Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in New York City or
Houston, Texas are authorized or required by law to remain closed; and if such day relates to a Borrowing or continuation of, a payment or prepayment of principal of or interest on, or a conversion of or into, or the Interest Period for, a
Eurodollar Loan or a notice by the Borrower with respect to any such Borrowing or continuation, payment, prepayment, conversion or Interest Period, any day which is also a day on which banks are open for dealings in dollar deposits in the London
interbank market. 
 “Capital Leases” means, in respect of any Person, all leases which shall have been, or should have
been, in accordance with GAAP, recorded as capital leases on the balance sheet of the Person liable (whether contingent or otherwise) for the payment of rent thereunder other than any Operating Lease. 

“Cash Collateralize” means, to pledge and deposit with or deliver to the Administrative Agent, for the benefit of one or more
of the Issuing Banks or the Lenders, as collateral for the LC Exposure or obligations of the Lenders to fund participations in respect of Letters of Credit, as applicable, cash or deposit account balances or, if the Administrative Agent and each
applicable Issuing Bank shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and each applicable Issuing Bank. “Cash
Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds and other credit support of such cash collateral. 

“Cash Interest Expense” means with respect to Ultimate Parent and the Consolidated Restricted Subsidiaries on a consolidated
basis, for any period, the sum of (a) the aggregate net interest expense of Ultimate Parent and the Consolidated Restricted Subsidiaries during such period determined in accordance with GAAP to the extent paid in cash, less the portion thereof
for which Ultimate Parent or any Consolidated Restricted Subsidiary had the option to pay such 

  

					
		 	5	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
interest other than in cash, whether or not such interest was paid in cash, (b) to the extent included in interest expense under GAAP, the portion of any payments under Capital Leases
allocable to interest expense of Ultimate Parent and the Consolidated Restricted Subsidiaries during such period and (c) the portion of any payments under Synthetic Leases allocable to interest expense of Ultimate Parent and the Consolidated
Restricted Subsidiaries during such period, whether or not the same constitutes interest expense under GAAP. 
 “Casualty
Event” means any loss, casualty or other damage to, or any nationalization, taking under power of eminent domain or by condemnation or similar proceeding of, any Property of the Borrower or any of its Restricted Subsidiaries having a fair
market value in excess of the Threshold Amount. 
 “Change in Control” means (a) the consummation of any transaction
(including, without limitation, any merger or consolidation), the result of which is that any Person (including any “person” (as that term is used in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended)) other than one
or more Permitted Investors, becomes the Beneficial Owner, directly or indirectly, of more than 35% of the Voting Stock (as defined in the 2013 Indenture as in effect on the date hereof) of the Ultimate Parent, measured by voting power rather than
number of shares or (b) without duplication, a “change in control” or “change of control” (or similar event) as defined in any Permitted 2013 Bond Document, but only to the extent the occurrence of any such event gives rise
to an obligation of the Borrower or any other Credit Party to redeem, repay, or repurchase, or otherwise offer to redeem, repay or repurchase, all or any portion of the Permitted 2013 Bond Debt. 

Notwithstanding the preceding, but subject to the terms and provisions of this Agreement including, without limitation, Section 8.01(j)
and Section 9.11, (a) any merger or consolidation of the Borrower with or into an Affiliate, where the Borrower is the surviving entity following such merger or consolidation, solely for the purpose of reorganizing the Borrower in another
jurisdiction or (b) a conversion of the Borrower or any Restricted Subsidiary from a limited partnership, corporation, limited liability company or other form of entity to a limited liability company, corporation, limited partnership or other
form of entity or an exchange of all of the outstanding Equity Interests in one form of entity for Equity Interests in another form of entity shall, in each case, not constitute a Change in Control, so long as following such merger, consolidation,
conversion or exchange the “persons” (as that term is used in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended) who Beneficially Owned the Equity Interests of the Borrower immediately prior to such transactions
continue to Beneficially Own in the aggregate more than 35% of the Voting Stock (as defined in the 2013 Indenture as in effect on the date hereof) of such entity, or continue to Beneficially Own sufficient Equity Interests in such entity to elect a
majority of its directors, managers, trustees or other persons serving in a similar capacity for such entity or its general partner, as applicable, and, in either case no other “person” Beneficially Owns more than 35% of the Voting Stock
(as defined in the 2013 Indenture as in effect on the date hereof) of such entity or its general partner, as applicable. 
 “Change
in Law” means (a) the adoption of any law, rule or regulation after the date of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the
date of this Agreement or (c) compliance by any Lender or the Issuing Bank (or, for purposes of Section 5.01(b)), by any 

  

					
		 	6	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
lending office of such Lender or by such Lender’s or the Issuing Bank’s holding company, if any) with any request, guideline or directive (whether or not having the force of law) of
any Governmental Authority made or issued after the date of this Agreement; provided, however, for the purposes of this Agreement, the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, guidelines or directives in
connection therewith or promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision or the United States or foreign regulatory authorities, in each case, pursuant to Basel III, are deemed to have gone into
effect and to have been adopted after the date of this Agreement. 
 “Code” means the Internal Revenue Code of 1986,
as amended from time to time, and any successor statute. 
 “Commitment” means, with respect to each Lender, the commitment
of such Lender to make Loans and to acquire participations in Letters of Credit hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Credit Exposure hereunder, as such commitment may be
(a) modified from time to time pursuant to Section 2.06 or Section 10.02(a) and (b) modified from time to time pursuant to assignments by or to such Lender pursuant to Section 12.04(a). The amount representing each
Lender’s Commitment shall at any time be the least of (i) such Lender’s Maximum Credit Amount, (ii) such Lender’s Applicable Percentage of the then effective Borrowing Base and (iii) such Lender’s Elected
Commitment. 
 “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time
to time, and any successor statute, and any regulations promulgated thereunder. 
 “Connection Income Taxes” means Other
Connection Taxes that are imposed on or measured by net income or profits (however denominated) or that are franchise Taxes or branch profits Taxes. 

“Consolidated Net Income” means with respect to Ultimate Parent and the Consolidated Restricted Subsidiaries, for any period,
the aggregate of the net income (or loss) of Ultimate Parent and the Consolidated Restricted Subsidiaries after allowances for taxes for such period determined on a consolidated basis in accordance with GAAP; provided that there shall be
excluded from such net income (or loss) (to the extent otherwise included therein) the following: (a) the net income (or loss) of any Person in which Ultimate Parent or any Consolidated Restricted Subsidiary has an interest (which interest does
not cause the net income of such other Person to be consolidated with the net income of Ultimate Parent and the Consolidated Restricted Subsidiaries in accordance with GAAP), except to the extent of the amount of dividends or distributions actually
paid in cash during such period by such other Person to Ultimate Parent or to a Consolidated Restricted Subsidiary, as the case may be; (b) the net income (but not loss) during such period of any Consolidated Restricted Subsidiary to the extent
that the declaration or payment of dividends or similar distributions or transfers or loans by that Consolidated Restricted Subsidiary is not at the time permitted by operation of the terms of its charter or any agreement, instrument or Governmental
Requirement applicable to such Consolidated Restricted Subsidiary or is otherwise restricted or prohibited, in each case determined in accordance with GAAP; (c) the net income (or loss) of any Person acquired in a

  

					
		 	7	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
pooling-of-interests transaction for any period prior to the date of such transaction; (d) any extraordinary gains or losses during such period; (e) any gains or losses attributable to
writeups or writedowns of assets; (f) deferred or non-cash taxes; (g) any non-cash gains or losses under ASC 815; and (h) until the period in which such hedged future activity occurs, the costs or proceeds of purchasing or selling
options which are used to hedge future activity. 
 “Consolidated Restricted Subsidiaries” means any Restricted
Subsidiaries that are Consolidated Subsidiaries. 
 “Consolidated Subsidiaries” means each Subsidiary of Ultimate Parent
(whether now existing or hereafter created or acquired) the financial statements of which shall be (or should have been) consolidated with the financial statements of Ultimate Parent in accordance with GAAP. 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. For the purposes of this definition, and without limiting the generality of the foregoing, any Person that owns directly or indirectly 10% or more
of the Equity Interests having ordinary voting power for the election of the directors or other governing body of a Person (other than as a limited partner of such other Person) will be deemed to “control” such other Person.
“Controlling” and “Controlled” have meanings correlative thereto. 
 “Credit Parties”
means, collectively, the Borrower, Ultimate Parent, and each other Guarantor, and “Credit Party” means any one of the foregoing. 

“Debt” means, for any Person, the sum of the following (without duplication): (a) all obligations of such Person for
borrowed money or evidenced by bonds, bankers’ acceptances, debentures, notes or other similar instruments; (b) all reimbursement obligations of such Person in respect of letters of credit, surety or other bonds and similar instruments;
(c) all accounts payable of such Person and all accrued expenses, liabilities or other obligations of such Person to pay the deferred purchase price of Property or services from time to time incurred (other than such accounts payable, expenses,
liabilities or other obligations that are incurred in the ordinary course of business and which (i) are not greater than ninety (90) days delinquent or (ii) are being contested in good faith by appropriate action and for which
adequate reserves have been maintained in accordance with GAAP); (d) all obligations under Capital Leases; (e) all obligations under Synthetic Leases; (f) all Debt (as defined in the other clauses of this definition) of others secured
by (or for which the holder of such Debt has an existing right, contingent or otherwise, to be secured by) a Lien on any Property of such Person, whether or not such Debt is assumed by such Person (but, if such Debt has not been assumed by such
Person, limited to the lesser of (i) the amount of such Debt and (ii) the fair market value of the Property of such Person securing such Debt); (g) all Debt (as defined in the other clauses of this definition) of others guaranteed by
such Person or in which such Person otherwise assures a creditor against loss of the Debt (howsoever such assurance shall be made) to the extent of the lesser of the amount of such Debt and the maximum stated amount of such guarantee or assurance
against loss; (h) all obligations or undertakings of such Person to maintain or cause to be maintained the financial position or covenants of others and, to the extent entered into as a means of providing credit support for the obligations of
others and not primarily to enable such Person to acquire any such 

  

					
		 	8	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
Property, all obligations or undertakings of such Person to purchase the Debt or Property of others; (i) obligations to deliver commodities, goods or services, including, without limitation,
Hydrocarbons, in consideration of one or more advance payments, other than gas balancing arrangements in the ordinary course of business; (j) obligations to pay for goods or services even if such goods or services are not actually received or
utilized by such Person; (k) any Debt of a partnership for which such Person is liable either by agreement, by operation of law or by a Governmental Requirement but only to the extent of such liability; (l) Disqualified Capital Stock; and
(m) the undischarged balance of any production payment created by such Person or for the creation of which such Person directly or indirectly received payment. The Debt of any Person shall include all obligations of such Person of the character
described above to the extent such Person remains legally liable in respect thereof notwithstanding that any such obligation is not included as a liability of such Person under GAAP. 

“Debtor Relief Laws” means the Bankruptcy Code of the United States of America, and all other liquidation, conservatorship,
bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect. 

“Default” means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both
would, unless cured or waived, become an Event of Default. 
 “Defaulting Lender” means, subject to Section 2.09(b),
any Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in
writing that such failure is the result of such Lender’s good faith determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in
such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any Issuing Bank, or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit) within
two Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent or any Issuing Bank in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that
effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s good faith determination that a condition precedent to funding (which
condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent
or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause
(c) upon receipt of such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, or
(ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit
Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any
direct or indirect parent 

  

					
		 	9	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or
from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the
Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to
Section 2.09(b)) upon delivery of written notice of such determination to the Borrower, each Issuing Bank, and each Lender (or if an earlier date, as of the date of such determination by the Administrative Agent), delivery of such written
notice not to be unreasonably withheld or delayed by the Administrative Agent. 
 “Disqualified Capital Stock” means any
Equity Interest that, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable at the option of the holder of such Equity Interest) or upon the happening of any event, matures or is mandatorily
redeemable for any consideration other than other Equity Interests (which would not constitute Disqualified Capital Stock), pursuant to a sinking fund obligation or otherwise, or is convertible or exchangeable for Debt or redeemable for any
consideration other than other Equity Interests (which would not constitute Disqualified Capital Stock) at the option of the holder thereof, in whole or in part, on or prior to the date that is 91 days after the earlier of (a) the Maturity Date
and (b) the date on which there are no Loans, LC Exposure or other obligations hereunder outstanding and all of the Commitments are terminated. 

“Dissenting Lender” has the meaning assigned to such term in Section 2.07(c)(iv). 

“dollars” or “$” refers to lawful money of the United States of America. 

“Domestic Subsidiary” means any Restricted Subsidiary that is organized under the laws of the United States of America or any
State thereof or the District of Columbia. 
 “EBITDAX” means, for any period, the sum of (a) Consolidated Net
Income for such period plus (b) the following expenses or charges to the extent deducted from Consolidated Net Income in such period: net interest, income, gross receipts or franchise taxes, depreciation, depletion, amortization,
exploration expenses, other noncash losses or charges, non-cash losses from dispositions of assets, extraordinary or non-recurring expenses, and transaction expenses or charges reasonably incurred in connection with acquisitions or dispositions
occurring during such period, minus (c) the following income or gains to the extent included in Consolidated Net Income in such period: all noncash income and gains from dispositions of assets; provided, that, only for purposes of
determining compliance with the financial covenants set forth in Section 9.01, if, since the beginning of the period ending on the date for which EBITDAX is determined, Ultimate Parent or any Consolidated Restricted Subsidiary shall have made
any acquisition or disposition, EBITDAX shall be calculated giving pro forma effect thereto as if the acquisition or disposition had occurred on the first day of such period, and such calculation shall be determined in good faith by a Financial
Officer and such calculation shall be reasonably acceptable to the Administrative Agent (and Ultimate Parent will provide to the Administrative Agent such supporting information as Administrative Agent may reasonably request), without giving effect
to any anticipated or proposed change in operations, revenues, expenses or other items or adjustments included in the computation of EBITDAX. 

  

					
		 	10	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 “Effective Date” means the date on which the conditions specified in
Section 6.01 are satisfied (or waived in accordance with Section 12.02). 
 “Elected Commitment” means, as to
each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Elected Commitment”, as the same may be increased, reduced or terminated from time to time in connection with an optional increase, reduction
or termination of the Aggregate Elected Commitment Amounts pursuant to Section 2.06(c) or Section 10.02(a). 
 “Elected
Commitment Increase Certificate” has the meaning assigned to such term in Section 2.06(c)(ii)(F). 
 “Election
Notice” has the meaning assigned to such term in Section 3.04(c)(ii). 
 “Engineering Reports” has the
meaning assigned such term in Section 2.07(c)(i). 
 “Environmental Laws” means any and all Governmental Requirements
pertaining in any way to health, safety, the environment, the preservation or reclamation of natural resources, or the management, Release or threatened Release of any Hazardous Materials, in effect in any and all jurisdictions in which the
Borrower, Ultimate Parent or any Subsidiary is conducting, or at any time has conducted, business, or where any Property of the Borrower, Ultimate Parent or any Subsidiary are located, including, the Oil Pollution Act of 1990
(“OPA”), as amended, the Clean Air Act, as amended, the Comprehensive Environmental, Response, Compensation, and Liability Act of 1980 (“CERCLA”), as amended, the Federal Water Pollution Control Act, as amended, the
Occupational Safety and Health Act of 1970, as amended, the Resource Conservation and Recovery Act of 1976 (“RCRA”), as amended, the Safe Drinking Water Act, as amended, the Toxic Substances Control Act, as amended, the Superfund
Amendments and Reauthorization Act of 1986, as amended, the Hazardous Materials Transportation Act, as amended, and other environmental conservation or protection Governmental Requirements. 

“Environmental Permit” means any permit, registration, license, notice, approval, consent, exemption, variance, or other
authorization required under or issued pursuant to applicable Environmental Laws. 
 “Equity Interests” means shares of
capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to
purchase or acquire any such Equity Interest. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended, and any successor statute. 
 “ERISA Affiliate” means each trade or business (whether or not incorporated) which
together with the Borrower, Ultimate Parent or a Subsidiary would be deemed to be a “single employer” within the meaning of section 4001(b)(1) of ERISA or subsections (b), (c), (m) or (o) of section 414 of the Code. 

  

					
		 	11	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 “ERISA Event” means (a) a “reportable event” described in section
4043 of ERISA with respect to a Plan, other than a reportable event as to which the provisions of thirty (30) days’ notice to the PBGC is expressly waived under applicable regulations, (b) the failure of the Borrower, Ultimate Parent,
a Subsidiary or any ERISA Affiliate to make by its due date a required installment payment under Section 430(j) of the Code with respect to any Plan or any failure by any Plan to satisfy the minimum funding standards (within the meaning of
Section 412 of the Code or Section 302 of ERISA) applicable to such Plan, whether or not waived; (c) a determination that any Plan is, or is expected to be, in “at risk” status (within the meaning of Section 430 of the
Code or Section 303 of ERISA), (d) a determination that any Multiemployer Plan is, or is expected to be, insolvent (within the meaning of Section 4245 of ERISA), in reorganization within the meaning of Section 4241 of ERISA), or
in “endangered” or “critical” status (within the meaning of Section 432 of the Code or Section 305 of ERISA), (e) the failure by the Borrower, Ultimate Parent, a Subsidiary or any ERISA Affiliate to make any
required contribution to a Multiemployer Plan pursuant to Sections 431 or 432 of the Code, (f) the withdrawal or partial withdrawal of the Borrower, Ultimate Parent, a Subsidiary or any ERISA Affiliate from a Plan during a plan year in which it
was a “substantial employer” as defined in section 4001(a)(2) of ERISA, (g) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under section 4041 of ERISA, (h) the
institution of proceedings to terminate a Plan by the PBGC, (i) receipt of a notice of withdrawal liability pursuant to Section 4202 of ERISA or (j) any other event or condition which might constitute grounds under section 4042 of
ERISA for the termination of, or the appointment of a trustee to administer, any Plan. 
 “Eurodollar”, when used in
reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate. 

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

“Excepted Liens” means: (a) Liens for Taxes, assessments or other governmental charges or levies which are not
delinquent or which are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP; (b) Liens in connection with workers’ compensation, unemployment insurance or other
social security, old age pension or public liability obligations which are not delinquent or which are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP;
(c) landlord’s liens, operators’, vendors’, carriers’, warehousemen’s, repairmen’s, mechanics’, suppliers’, workers’, materialmen’s, construction or other like Liens, in each case, arising in
the ordinary course of business or incident to the exploration, development, operation and maintenance of Oil and Gas Properties each of which is in respect of obligations that are not delinquent by more than 90 days or which are being contested in
good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP; (d) contractual Liens which arise in the ordinary course of business under operating agreements, joint venture agreements,
exploration agreements, oil and gas partnership agreements, oil and gas leases, farm-in or farm-out agreements, division orders, 

  

					
		 	12	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
contracts for the sale, transportation, gathering or exchange of oil and natural gas, unitization and pooling declarations and agreements, area of mutual interest agreements, overriding
royalty agreements, carried interests, reversionary interests, marketing agreements, processing agreements, net profits agreements, development agreements, gas balancing or deferred production agreements, injection, repressuring and recycling
agreements, salt water or other disposal agreements, seismic or other geophysical permits, consents or agreements, and other agreements which are usual and customary in the oil and gas business and are for claims which are not delinquent by more
than 90 days or which are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP, provided that any such Lien referred to in this clause does not materially impair the
use of the Property covered by such Lien for the purposes for which such Property is held by any Group Member or materially impair the value of such Property subject thereto; (e) Liens arising solely by virtue of any statutory or common law
provision or otherwise arising in the ordinary course of business relating to banker’s liens, rights of set-off or similar rights and remedies and burdening only deposit accounts or other funds maintained with a creditor depository institution,
provided that no such deposit account is a dedicated cash collateral account or is subject to restrictions against access by the depositor in excess of those set forth by regulations promulgated by the Board and no such deposit account is
intended by any Group Member to provide collateral to secure owed Debt to the depository institution; (f) easements, restrictions, servitudes, permits, surface leases, conditions, covenants, exceptions or reservations in any Property of any
Group Member for the purpose of roads, pipelines, transmission lines, transportation lines, distribution lines for the removal of gas, oil, coal or other minerals or timber, and other like purposes, or for the joint or common use of real estate,
rights of way, facilities and equipment, that do not secure any monetary obligations and which in the aggregate do not materially interfere with the operations or the use of such Property for the purposes of which such Property is held by any Group
Member or materially impair the value of such Property subject thereto; (g) Liens on cash or securities pledged to secure performance of tenders, surety and appeal bonds, government contracts, performance and return of money bonds, bids, trade
contracts, leases, statutory obligations, regulatory obligations and other obligations of a like nature incurred in the ordinary course of business; (h) judgment and attachment Liens not giving rise to an Event of Default, provided that
any appropriate legal proceedings which may have been duly initiated for the review of such judgment shall not have been finally terminated or the period within which such proceeding may be initiated shall not have expired and no action to enforce
such Lien has been commenced; (i) Liens arising from Uniform Commercial Code financing statement filings made as a precautionary measure regarding operating leases entered into by any Group Member in the ordinary course of business covering the
Property under such lease; and (j) routine preferential rights to purchase and provisions requiring a third party’s consent prior to assignment and similar restraints on alienation, in each case, granted pursuant to an oil and gas
operating agreement or lease and arising in the ordinary course of business or incident to the exploration, development, operation and maintenance of Oil and Gas Properties; provided such right, requirement or restraint does not materially impair
the value of such Oil and Gas Properties; provided, further that (i) Liens described in clauses (a) through (e) shall remain “Excepted Liens” only for so long as no action to enforce such Lien has been commenced and
no intention to subordinate the first priority Lien granted in favor of the Administrative Agent and the Lenders is to be hereby implied or expressed by the permitted existence of such Excepted Liens and (ii) the term “Excepted Liens”
shall not include any Lien securing Debt for borrowed money other than the Secured Obligations. 

  

					
		 	13	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 “Excluded Swap Obligation” means, with respect to any Credit Party individually
determined on a Credit Party by Credit Party basis, any Swap Obligation if, and solely to the extent that, all or a portion of the guarantee of such Credit Party of, or the grant by such Credit Party of a security interest to secure, such Swap
Obligation (or any guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of
(a) such Credit Party’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act or (b) in the case of any such Secured Obligation in respect of any Swap Agreement
subject to a clearing requirement pursuant to Section 2(h) of the Commodity Exchange Act, because such Credit Party is a “financial entity” as defined in Section 2(h)(7)(C)(1) of the Commodity Exchange Act, in either case at the
time such guarantee or grant of a security interest becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such
Swap Obligation that is attributable to swaps for which such guarantee or security interest is or becomes illegal. 
 “Excluded
Taxes” means any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income or profits (however denominated),
franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the
jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with
respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under
Section 5.04(b) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 5.03, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before
such Lender became a party hereto or to such Lender immediately before it changed its lending office, (c) Taxes attributable to such Recipient’s failure to comply with, or to deliver any forms or certifications described in,
Section 5.03(f), and (d) any U.S. federal withholding Taxes imposed under FATCA. 
 “Existing Credit Agreement”
has the meaning set forth in the recitals hereto. 
 “Existing Letter of Credit” means each letter of credit issued under
the Existing Credit Agreement identified on Schedule 1.1 hereto that is outstanding on the Effective Date and each renewal of such letter of credit, each of which shall be deemed, on and after the Effective Date, to have been issued hereunder. 

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (and any amended or successor versions
thereof that are substantially comparable and not materially more onerous to comply with), any current or future regulations or official 

  

					
		 	14	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
interpretations thereof, and any agreements entered into pursuant to Section 1471(b)(1) of the Code, and any intergovernmental agreements entered into in connection with the implementation
of such Sections of the Code (together with any laws, legislation, rules or regulations implementing such agreements). 

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

“Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of
1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not
so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of
recognized standing selected by it. 
 “Financial Officer” means, for any Person, the chief financial officer, principal
accounting officer, treasurer or controller of such Person. Unless otherwise specified, all references herein to a Financial Officer means a Financial Officer of the Borrower or the Ultimate Parent, as applicable, in each case in his or her capacity
as such. 
 “Financial Statements” means the financial statement or statements of Ultimate Parent and its Consolidated
Subsidiaries referred to in Section 7.04(a). 
 “Flood Insurance Regulations” means (a) the National Flood
Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (b) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto, (c) the National Flood Insurance Reform Act
of 1994 (amending 42 USC § 4001, et seq.), as the same may be amended or recodified from time to time, and (d) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder. 

“Foreign Lender” means any Lender that is not a U.S. Person. 

“Foreign Subsidiary” means any Restricted Subsidiary that is not a Domestic Subsidiary. 

“Fronting Exposure” means, at any time there is a Defaulting Lender, with respect to any Issuing Bank, such Defaulting
Lender’s Applicable Percentage of the outstanding LC Exposure with respect to Letters of Credit issued by such Issuing Bank other than LC Exposure as to which such Defaulting Lender’s participation obligation has been reallocated to other
Lenders or Cash Collateralized in accordance with the terms hereof. 
 “GAAP” means generally accepted accounting
principles in the United States of America as in effect from time to time subject to the terms and conditions set forth in Section 1.05; provided, however, with respect to the calculation of financial ratios and other financial
tests, “GAAP” means generally accepted accounting principles as in effect on the date of this Agreement, applied in a manner consistent with that used in preparing the Financial Statements. 

  

					
		 	15	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 “General Partner” means (a) as of the date of this Agreement, Eclipse GP,
LLC, a Delaware limited liability company, a Wholly-Owned Subsidiary of Ultimate Parent and the sole general partner of the Borrower, and (b) at any time thereafter, the general partner of the Borrower so long as such Person is a Wholly-Owned
Subsidiary of Ultimate Parent. 
 “Governmental Authority” means the government of the United States of America, any other
nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative
powers or functions of or pertaining to government. 
 “Governmental Requirement” means any law, statute, code, ordinance,
order, determination, rule, regulation, judgment, decree, injunction, franchise, permit, certificate, license, rules of common law, authorization or other directive or requirement, whether now or hereinafter in effect, of any Governmental Authority.

 “Group Member” means Ultimate Parent, the Borrower and each other Restricted Subsidiary. 

“Guarantors” means Ultimate Parent, General Partner, Eclipse Resources-Ohio, LLC, a Delaware limited liability company,
Buckeye Minerals & Royalties, LLC, a Delaware limited liability company, Eclipse Resources Operating, LLC, a Delaware limited liability company, Eclipse Resources Midstream, LLC, a Delaware limited liability company, Eclipse Resources
Marketing, LP, a Delaware limited partnership and each other Subsidiary that guarantees the Secured Obligations pursuant to Section 8.14(b); provided that any such Person so constituting a Guarantor will cease to constitute a Guarantor
if and when it is released from the Guaranty Agreement in accordance with and to the extent permitted under the Loan Documents. 

“Guaranty Agreement” means an agreement executed by the Guarantors in substantially the form of Exhibit F (or supplement
thereto, as applicable) unconditionally guarantying, on a joint and several basis, payment of the Secured Obligations. 
 “Hazardous
Material” means any substance regulated or as to which liability might arise under any applicable Environmental Law including: (a) any chemical, compound, material, product, byproduct, substance or waste defined as or included in the
definition or meaning of “hazardous substance,” “hazardous material,” “hazardous waste,” “solid waste,” “toxic waste,” “extremely hazardous substance,” “toxic substance,”
“contaminant,” “pollutant,” or words of similar meaning or import found in any applicable Environmental Law; (b) Hydrocarbons, petroleum products, petroleum substances, natural gas, oil, oil and gas waste, crude oil, and any
components, fractions, or derivatives thereof; and (c) radioactive materials, explosives, asbestos or asbestos containing materials, polychlorinated biphenyls, radon, infectious or medical wastes. 

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

  

					
		 	16	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 “Hydrocarbon Interests” means all rights, titles, interests and estates now or
hereafter acquired in and to oil, gas or mineral leases, or other liquid or gaseous hydrocarbon leases, mineral fee interests, overriding royalty and royalty interests, net profit interests, production payment interests and other interests payable
out of Hydrocarbon production, including any reserved or residual interests of whatever nature. 
 “Hydrocarbons” means
crude oil, natural gas, casinghead gas, drip gasoline, natural gasoline, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons (including coalbed methane), natural gas liquids, plant products, sulphur, other gases and all products
refined or separated therefrom. 
 “Immaterial Subsidiary” means any Restricted Subsidiary that has (a) assets having
an aggregate book value, as of the end of the fiscal year most recently ended (or if such Subsidiary was acquired or created subsequent to the end of such fiscal year, as of the later of such date of acquisition or creation), not exceeding $500,000
and (b) net income not exceeding $500,000 for such fiscal year; provided that in no event may an Immaterial Subsidiary own any Proved Reserves evaluated in the Reserve Report used in the most recent determination of the Borrowing Base. 

“Immaterial Title Deficiencies” means defects or deficiencies in title which do not diminish by more than five percent
(5.0%) the aggregate value of the Proved Reserves of the Credit Parties evaluated in the Reserve Report used in the most recent determination of the Borrowing Base. 

“Increase Portion” means, with respect to any Dissenting Lender, when a Proposed Borrowing Base has been approved by the
Borrowing Base Increase Requisite Lenders but not by all of the Lenders, the amount that such Dissenting Lender’s Applicable Percentage (before giving effect to any reallocation described in Section 2.07(c)(iv)) of the Proposed Borrowing
Base exceeds such Dissenting Lender’s Applicable Percentage (before giving effect to any reallocation described in Section 2.07(c)(iv)) of the highest Borrowing Base such Dissenting Lender approved in accordance with the terms hereof. 

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

“Initial Reserve Report” means the report prepared by Netherland, Sewell & Associates, Inc. dated as
October 17, 2014 with respect to certain Oil and Gas Properties of the Credit Parties as of September 30, 2014. 

“Interest Election Request” means a request by the Borrower to convert or continue a Borrowing in accordance with
Section 2.04. 
 “Interest Payment Date” means (a) with respect to any ABR Loan, the last day of each March,
June, September and December and (b) with respect to any Eurodollar Loan, the last day 

  

					
		 	17	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurodollar Borrowing with an Interest Period of more than three months’ duration, each
day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period. 

“Interest Period” means with respect to any Eurodollar Borrowing, the period commencing on the date of such Borrowing and
ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or, with the consent of each Lender, twelve months) thereafter, as the Borrower may elect; provided that (a) if any Interest Period
would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on
the next preceding Business Day and (b) any Interest Period pertaining to a Eurodollar Borrowing that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar
month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be
the effective date of the most recent conversion or continuation of such Borrowing. 
 “Interim Redetermination” has the
meaning assigned such term in Section 2.07(b). 
 “Interim Redetermination Date” means the date on which a Borrowing
Base that has been redetermined pursuant to an Interim Redetermination becomes effective as provided in Section 2.07(d). 

“Investment” means, for any Person: (a) the acquisition (whether for cash, Property, services or securities or
otherwise) of Equity Interests of any other Person or any agreement to make any such acquisition (including, without limitation, any “short sale” or any sale of any securities at a time when such securities are not owned by the Person
entering into such short sale); (b) the making of any deposit with, or advance, loan or capital contribution to, assumption of Debt of, purchase or other acquisition of any other Debt or equity participation or interest in, or other extension
of credit to, any other Person (including the purchase of Property from another Person subject to an understanding or agreement, contingent or otherwise, to resell such Property to such Person, but excluding (i) any such advance, loan or
extension of credit having a term not exceeding ninety (90) days representing the purchase price of inventory or supplies sold by such Person in the ordinary course of business) and (ii) deposits made to commercial banks or similar
Persons, or to customers, in each case in the ordinary course of business; (c) the purchase or acquisition (in one or a series of transactions) of Property of another Person that constitutes a business unit; or (d) the entering into of any
guarantee of, or other contingent obligation (including the deposit of any Equity Interests to be sold) with respect to, Debt or other liability of any other Person and (without duplication) any amount committed to be advanced, lent or extended to
such Person. 
 “Issuing Bank” means (a) BMO and KeyBank, National Association, in their respective capacity as an
issuer of Letters of Credit hereunder, and their respective successors in such capacity as provided in Section 2.08(i) and (b) any one or more additional issuing banks designated by the Borrower pursuant to Section 2.08(i);
provided that each Issuing Bank may, in 

  

					
		 	18	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
its discretion, arrange for one or more Letters of Credit to be issued by their respective Affiliates, in which case the term “Issuing Bank” shall include any such Affiliate with
respect to Letters of Credit issued by such Affiliate; provided, further, that (i) solely as between the Borrower and the applicable Issuing Bank, the Borrower shall deal exclusively with the applicable Issuing Bank for all
purposes of requests, repayments, payments, extensions, assignments and all other actions and requirements with respect hereto and otherwise with respect to related, requested or required notices, consents, waivers, amendments and all other actions
required or deemed required by such Affiliate, (ii) any such arrangement shall not relieve the applicable Issuing Bank from performing any of its obligations under any Loan Document on the terms and subject to the conditions provided therein,
and (iii) the use of any such Affiliate shall not result in the imposition of any incremental Indemnified Taxes. Use herein of the phrase of “the Issuing Bank” or words of similar import mean each Issuing Bank, as applicable, if, at
the relevant time of reference, there exist more than one Issuing Bank. 
 “LC Commitment” at any time means the greater of
(a) 10% of the Borrowing Base in effect at such time and (b) $50,000,000; provided that no Issuing Bank shall be obligated to issue Letters of Credit in an aggregate face amount in excess of $30,000,000 outstanding at any time. 

“LC Disbursement” means a payment made by the Issuing Bank pursuant to a Letter of Credit. 

“LC Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at
such time plus (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time. Subject to Section 2.09, the LC Exposure of any Lender at any time shall be its Applicable
Percentage of the total LC Exposure at such time. 
 “Lenders” means the Persons listed on Annex I and any Person that
shall have become a lender party hereto pursuant hereto and to an Assignment and Assumption, and any Person that shall have become a party hereto as an Additional Lender pursuant to Section 2.06(c), other than, in each case, any such Person
that ceases to be a party hereto pursuant to an Assignment and Assumption. 
 “Letter of Credit” means any letter of credit
issued pursuant to this Agreement, which shall include the Existing Letters of Credit. 
 “Letter of Credit Agreements”
means all letter of credit applications and other agreements (including any amendments, modifications or supplements thereto) submitted by the Borrower, or entered into by the Borrower, with the Issuing Bank relating to any Letter of Credit. 

“LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, the rate appearing on Reuters Screen
LIBOR01 Page (or on any successor or substitute page of such service, or any successor to or substitute for such service, providing rate quotations comparable to those currently provided on such page of such service, as determined by the
Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such
Interest Period, as the rate 

  

					
		 	19	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
for dollar deposits with a maturity comparable to such Interest Period. In the event that such rate is not available at such time for any reason, then the “LIBO Rate” with respect to
such Eurodollar Borrowing for such Interest Period shall be the rate (rounded upwards, if necessary, to the next 1/100 of 1%) at which dollar deposits of an amount comparable to such Eurodollar Borrowing and for a maturity comparable to such
Interest Period are offered by the principal London office of the Administrative Agent in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such
Interest Period. 
 “Lien” means any interest in Property securing an obligation owed to, or a claim by, a Person other
than the owner of the Property, whether such interest is based on the common law, statute or contract, and whether such obligation or claim is fixed or contingent, and including but not limited to (a) the lien or security interest arising from
a mortgage, encumbrance, pledge, security agreement, conditional sale or trust receipt or a lease, consignment or bailment for security purposes or (b) production payments payable out of Oil and Gas Properties. The term “Lien”
shall include easements, restrictions, servitudes, permits or reservations. For the purposes of this Agreement, each Group Member shall be deemed to be the owner of any Property which it has acquired or holds subject to a conditional sale agreement,
or leases under a financing lease or other arrangement pursuant to which title to the Property has been retained by or vested in some other Person in a transaction intended to create a financing. 

“Loan Documents” means this Agreement, the Notes, the Letter of Credit Agreements, the Letters of Credit and the Security
Instruments. 
 “Loans” means the loans made by the Lenders to the Borrower pursuant to this Agreement. 

“Majority Lenders” means, (i) at any time while no Loans or LC Exposure is outstanding, Lenders having more than fifty
percent (50%) of the Aggregate Maximum Credit Amounts; and (ii) at any time while any Loans or LC Exposure is outstanding, Lenders holding more than fifty percent (50%) of the outstanding aggregate principal amount of the Loans and
participation interests in Letters of Credit (without regard to any sale by a Lender of a participation in any Loan under Section 12.04(c)); provided that the Maximum Credit Amounts and the principal amount of the Loans and participation
interests in Letters of Credit of the Defaulting Lenders (if any) shall be excluded from the determination of Majority Lenders. 

“Material Adverse Effect” means a material adverse change in, or material adverse effect on (a) the businesses,
operations, Property or financial condition of the Group Members taken as a whole, (b) the ability of any Credit Party to perform its respective obligations under any Loan Document to which it is a party, (c) the validity or enforceability
of any Loan Document or (d) the rights and remedies of the Administrative Agent, the Issuing Bank or any Lender under any Loan Document. 

“Material Indebtedness” means Debt (other than the Loans, Letters of Credit and any other Debt arising under, or governed by,
any Loan Document), or payment obligations in respect of one or more Swap Agreements, of any one or more of the Group Members in an aggregate principal amount exceeding the Threshold Amount. For purposes of determining Material Indebtedness, the
“principal amount” of the obligations of any Group Member in respect of any Swap Agreement at any time shall be the Swap Termination Value. 

  

					
		 	20	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 “Maturity Date” means January 15, 2018. 

“Maximum Credit Amount” means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the
caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or
Section 10.02(a), (b) modified from time to time pursuant to Section 2.06(c), or (c) modified from time to time pursuant to any assignment permitted by Section 12.04(a). 

“Minimum Collateral Amount” means, at any time, with respect to Cash Collateral consisting of cash or deposit account
balances, an amount equal to 100% of the Fronting Exposure of all Issuing Banks with respect to Letters of Credit issued and outstanding at such time. 

“Money Laundering Law” means any law governing conduct or acts designed in whole or in part to conceal or disguise the
nature, location, source, ownership or control of money (including currency or equivalents, e.g., checks, electronic transfers, etc.) to avoid a transaction reporting requirement under state or federal law or to disguise the fact that the money was
acquired by illegal means. 
 “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto that is a
nationally recognized rating agency. 
 “Mortgaged Property” means any Property owned by any Credit Party which is subject
to the Liens existing and to exist under the terms of the Security Instruments. 
 “Multiemployer Plan” means a
multiemployer plan as defined in Section 4001(a)(3) of ERISA to which Borrower, Ultimate Parent or an ERISA Affiliate has, or at any time during the three preceding calendar years had, an obligation to contribute. 

“Net Proceeds” means the aggregate cash proceeds received by a Credit Party in respect of any sale, lease, conveyance,
disposition or other transfer (for purposes of this definition, any such action, a “transfer”) of Property (including any cash subsequently received upon the sale or other disposition or collection of any non-cash consideration received in
any sale, but only as and when so received), or Casualty Event, net of (without duplication) (a) the direct costs and expenses relating to such transfer of Property or any Casualty Event (including legal, accounting, investment banking and
brokers’ fees, sales commissions and other reasonable costs and expenses incurred in preparing such Property for transfer paid to unaffiliated third parties or, in compliance with Section 9.14, paid to any of its Affiliates),
(b) taxes paid, accrued or reserved as payable as a result thereof (after taking into account any available tax credits or deductions and any tax sharing arrangements), (c) amounts paid (other than the Secured Obligations) which are
secured by a Lien upon any of the Properties being transferred and which must be repaid as a result of such sale, (d) any reserve for adjustment in respect of the sales price of such Property established in accordance with GAAP,
(e) distributions and payments required to be made to any minority interest holders in Subsidiaries as a result of such Property transfer, (f) cash payments 

  

					
		 	21	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
made to satisfy obligations resulting from early termination of Swap Agreements in connection, or as a result of, any such transfer, and (g) until released, any portion of the purchase price
for the transfer of such Property which is placed in escrow pursuant to the terms of such transfer and for which no Credit Party has access thereto or control thereof. 

“New Borrowing Base Notice” has the meaning assigned such term in Section 2.07(d). 

“Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting Lender at such time. 

“Non-Recourse Debt” means any Debt of any Unrestricted Subsidiary, in each case in respect of which the holder or holders
thereof (a) shall have recourse only to, and shall have the right to require the obligations of such Unrestricted Subsidiary to be performed, satisfied, and paid only out of, the Property of such Unrestricted Subsidiary and/or one or more of
its Subsidiaries (but only to the extent that such Subsidiaries are Unrestricted Subsidiaries) and/or any other Person (other than the Borrower and/or any Restricted Subsidiary) and (b) shall have no direct or indirect recourse (including by
way of guaranty, support or indemnity) to the Borrower or any Restricted Subsidiary or to any of the Property of the Borrower or any Restricted Subsidiary, whether for principal, interest, fees, expenses or otherwise. 

“Notes” means the promissory notes of the Borrower described in Section 2.02(d) and being substantially in the form of
Exhibit A, together with all amendments, modifications, replacements, extensions and rearrangements thereof. 
 “OFAC”
means the Office of Foreign Assets Control of the United States Department of the Treasury. 
 “Oil and Gas Properties”
means (a) Hydrocarbon Interests; (b) the Properties now or hereafter pooled or unitized with Hydrocarbon Interests; (c) all presently existing or future unitization, pooling agreements and declarations of pooled units and the units
created thereby (including without limitation all units created under orders, regulations and rules of any Governmental Authority) which may affect all or any portion of the Hydrocarbon Interests; (d) all operating agreements, contracts and
other agreements, including production sharing contracts and agreements, which relate to any of the Hydrocarbon Interests or the production, sale, purchase, exchange or processing of Hydrocarbons from or attributable to such Hydrocarbon Interests;
(e) all Hydrocarbons in and under and which may be produced and saved or attributable to the Hydrocarbon Interests, including all oil in tanks, and all rents, issues, profits, proceeds, products, revenues and other incomes from or attributable
to the Hydrocarbon Interests; (f) all tenements, hereditaments, appurtenances and Properties in any manner appertaining, belonging, affixed or incidental to the Hydrocarbon Interests and (g) all Properties, rights, titles, interests and
estates described or referred to above, including any and all Property, real or personal, now owned or hereinafter acquired and situated upon, used, held for use or useful in connection with the operating, working or development of any of such
Hydrocarbon Interests or Property (excluding drilling rigs, automotive equipment, rental equipment or other personal Property which may be on such premises for the purpose of drilling a well or for other similar temporary uses) and including any and
all Wells, structures, fuel separators, liquid extraction plants, plant compressors, pumps, pumping units, field gathering systems, tanks and 

  

					
		 	22	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers, meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods,
surface leases, rights-of-way, easements and servitudes together with all additions, substitutions, replacements, accessions and attachments to any and all of the foregoing. Unless otherwise expressly provided herein, all references in this
Agreement to “Oil and Gas Properties” refer to Oil and Gas Properties owned by the Group Members. 
 “Operating
Lease” means (a) an operating lease under GAAP and (b) any lease that would have been considered an operating lease under the provisions of GAAP as in effect as of the date hereof. 

“Optional Scheduled Redetermination Date” means each January 1 and July 1, in each case, that the Borrower
designates as an Optional Scheduled Redetermination Date pursuant to Section 2.07(b). 
 “Other Connection Taxes”
means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a
party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan
Document). 
 “Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or
similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any
such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 5.04). 

“Paid In Full In Cash” shall means (i) the irrevocable and indefeasible payment in full in cash of all principal,
interest (including interest accruing during the pendency of an insolvency or liquidation proceeding, regardless of whether allowed or allowable in such insolvency or liquidation proceeding) and premium, if any, on all Loans outstanding under this
Agreement, (ii) the payment in full in cash or posting of cash collateral in respect of all other obligations or amounts that are outstanding under this Agreement, including the posting of the cash collateral for outstanding Letters of Credit
as required by the terms of this Agreement, (iii) the expiration or termination of all Commitments, (iv) payment in full in cash of all amounts due and owing (or posting of acceptable collateral in respect of all such obligations) under
each Bank Products Agreement giving rise to Secured Obligations, and (v) payment in full in cash of all amounts due and owing (or posting of acceptable collateral in respect of all such obligations) under, or the novation or termination of,
each Swap Agreement giving rise to any Secured Obligations. 
 “Participant” has the meaning set forth in
Section 12.04(c)(i). 
 “Participant Register” has the meaning set forth in Section 12.04(c)(i). 

“PBGC” means the Pension Benefit Guaranty Corporation, or any successor thereto. 

  

					
		 	23	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 “Permitted 2013 Bond Debt” means (a) Debt of the Borrower resulting from
the issuance by the Borrower of senior unsecured notes in an aggregate outstanding principal amount not to exceed $400,000,000 plus the amount of interest thereon paid in kind in accordance with the terms of the Permitted 2013 Bond Documents, and
which Debt (i) has a coupon or interest rate of twelve percent (12%) per annum (or thirteen (13%) percent per annum in certain instances when a portion of such interest is to be paid in kind), (ii) matures on July 15, 2018,
(iii) is not secured by any Properties of the Credit Parties, (iv) does not provide for or otherwise require any amortization prior to scheduled maturity, and (v) is evidenced and governed by the 2013 Indenture and related
documentation containing customary terms and conditions, including, without limitation, covenants and events of default, for senior unsecured notes or senior subordinated notes of like nature, tenor and amount, and (b) any Debt which represents
an extension, refinancing, or renewal of any of the foregoing in accordance with Section 9.02(j). 
 “Permitted 2013 Bond
Documents” means, collectively, the 2013 Indenture, the Note Purchase Agreement (as defined in the 2013 Indenture), senior unsecured notes issued thereunder, all guarantees of any such notes, and all other agreements, documents or
instruments executed and delivered by any Person in connection with, or pursuant to, the issuance of the Permitted 2013 Bond Debt. 

“Permitted Investors” means, collectively, (a) EnCap Energy Capital Fund VIII, L.P., EnCap Energy Capital Fund VIII
Co-Investors, L.P., EnCap Energy Capital Fund IX, L.P., and their controlling owner, EnCap Investments, L.P., and (b) (i) Eclipse Resources Holdings, L.P., (ii) The Hulburt Family II Limited Partnership, CKH Partners II, L.P. and
Kirkwood Capital, L.P. and (iii) Eclipse Management, L.P., in each case, and their respective controlling owners, Benjamin W. Hulburt, Christopher K. Hulburt, Thomas S. Liberatore and Matthew R. DeNezza. 

“Permitted Unsecured Debt” means Debt (whether issued under a loan agreement or indenture) issued or incurred by the Borrower
or the Ultimate Parent from time to time (including guarantees thereof by its Subsidiaries, Ultimate Parent, and the General Partner), that complies with all of the following requirements: 

(a) no scheduled payment of principal, scheduled mandatory redemption or scheduled sinking fund payment of such Debt is due on or before the
date that is 180 days after the Maturity Date in effect on each date on which such Debt is issued or incurred (in this definition defined as a “Date of Issuance”); 

(b) the financial covenants are no more restrictive with respect to the Group Members than the financial covenants under this Agreement and
all of the covenants and events of default governing such Debt are not, taken as a whole, materially more restrictive with respect to the Group Members than the covenants and Events of Default under this Agreement; 

(c) on each Date of Issuance and immediately after giving effect to the incurrence of such Debt and any concurrent repayment of Debt, the
Borrower or the Ultimate Parent, as the case may be, is in compliance on a pro forma basis with Section 9.01 of this Agreement, calculated for the most recent Fiscal Quarter for which the financial statements described in Section 8.01(a)
or Section 8.01(b) are available to the Lenders; 

  

					
		 	24	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (d) no Default or Event of Default exists on the Date of Issuance or immediately will occur as a
result of the issuance of the notes evidencing such Debt; 
 (e) such Debt is not secured by any Lien on any property of a Credit Party;

 (f) such Debt is not guaranteed by any Person which is not a Guarantor of all of the Secured Obligations (excluding any Excluded Swap
Obligations with respect to such Guarantor); and 
 (g) the Borrower shall have delivered to Administrative Agent a certificate in
reasonable detail reflecting compliance with the foregoing requirements. 
 “Person” means any natural person, corporation,
limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 

“Plan” means an employee pension benefit plan as defined in Section 3(2) of ERISA (other than a Multiemployer Plan) that
is subject to the provisions of Title IV of ERISA or Sections 412 and 430 of the Code or Section 302 of ERISA and in respect of which Borrower, Ultimate Parent or any ERISA Affiliate is (or, if the Plan were terminated, would under
Section 4062 or Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 

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

“Property” means any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible,
including, without limitation, cash, securities, accounts and contract rights. 
 “Proposed Borrowing Base” has the meaning
assigned to such term in Section 2.07(c)(i). 
 “Proposed Borrowing Base Notice” has the meaning assigned to such term
in Section 2.07(c)(ii). 
 “Proved Developed Producing Reserves” means “proved developed producing oil and gas
reserves” as such term is defined by the SEC in its standards and guidelines. 
 “Proved Reserves” means collectively,
“proved oil and gas reserves,” “proved developed producing oil and gas reserves,” “proved developed non-producing oil and gas reserves” (consisting of proved developed shut-in oil and gas reserves and proved developed
behind pipe oil and gas reserves), and “proved undeveloped oil and gas reserves,” as such terms are defined by the SEC in its standards and guidelines. 

  

					
		 	25	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 “Proved Undeveloped Reserves” means “proved undeveloped oil and gas
reserves,” as such term is defined by the SEC in its standards and guidelines. 
 “Purchase Money Indebtedness” means
Debt incurred in the ordinary course of the Borrower’s, Ultimate Parent’s or a Restricted Subsidiary’s business (a) consisting of the deferred purchase price of property, plant and equipment, conditional sale obligations,
obligations under any title retention agreement and other obligations incurred in connection with the acquisition, construction or improvement of such asset, in each case where the amount of such Debt does not exceed the greater of (i) the cost
of the asset being financed and (ii) the fair market value of such asset, and (b) incurred to finance such acquisition, construction or improvement by any Credit Party of such asset; provided however that such Debt is incurred
within 90 days after such acquisition or the completion of such construction or improvement. 
 “Qualified ECP Guarantor”
means, in respect of any Swap Obligation, each Credit Party that has total assets exceeding $10,000,000 at the time the relevant Guaranty Agreement or the grant of the relevant Lien becomes effective or such other Person as constitutes an
“eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder. 

“Recipient” means (a) the Administrative Agent, (b) any Lender, (c) any Issuing Bank, or (d) any other
recipient of any payment to be made under any Loan Document. 
 “Redemption” means with respect to any Debt, the
repurchase, redemption, prepayment, repayment, defeasance or any other acquisition or retirement for value (or the segregation of funds with respect to any of the foregoing) of such Debt. “Redeem” has the correlative meaning
thereto. 
 “Redetermination Date” means, with respect to any Scheduled Redetermination or any Interim Redetermination, the
date that the redetermined Borrowing Base related thereto becomes effective pursuant to Section 2.07(d). 
 “Register”
has the meaning assigned such term in Section 12.04(b)(iv). 
 “Regulation D” means Regulation D of the Board, as the
same may be amended, supplemented or replaced from time to time. 
 “Related Parties” means, with respect to any specified
Person, such Person’s Affiliates and the respective directors, officers, employees, agents and advisors (including attorneys, accountants and experts) of such Person and such Person’s Affiliates. 

“Release” means any depositing, spilling, leaking, pumping, pouring, placing, emitting, discarding, abandoning, emptying,
discharging, migrating, injecting, escaping, leaching, dumping, or disposing. 
 “Remedial Work” has the meaning assigned
such term in Section 8.10(a). 

  

					
		 	26	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 “Required Lenders” means (i) at any time while no Loans or LC Exposure is
outstanding, Lenders holding at least sixty-six and two-thirds percent (66-2/3%) of the Aggregate Maximum Credit Amounts, and (ii) at any time while any Loans or LC Exposure is outstanding, Lenders holding at least sixty-six and two-thirds
percent (66-2/3%) of the outstanding aggregate principal amount of the Loans and participation interests in Letters of Credit (without regard to any sale by a Lender of a participation in any Loan under Section 12.04(c)); provided, in each
case, that the Maximum Credit Amounts and the principal amount of the Loans and participation interests in Letters of Credit of the Defaulting Lenders (if any) shall be excluded from the determination of Required Lenders. 

“Reserve Report” means a report, in form and substance reasonably satisfactory to the Administrative Agent, setting forth, as
of the dates set forth in Section 8.12(a) (or such other date in the event of an Interim Redetermination) the Proved Reserves attributable to the Oil and Gas Properties of the Credit Parties, together with a projection of the rate of production
and future net income, taxes, operating expenses and capital expenditures with respect thereto as of such date, based upon the pricing assumptions consistent with SEC reporting requirements at the time. 

“Responsible Officer” means, as to any Person, the Chief Executive Officer, the President, any Financial Officer or any Vice
President of such Person. Unless otherwise specified, all references to a Responsible Officer herein shall mean a Responsible Officer of the Borrower or the Ultimate Parent, as applicable, in each case in his or her capacity as such. 

“Restricted Payment” means any dividend, return of capital or other distribution (whether in cash, securities or other
Property) with respect to any Equity Interests in the Borrower or any of its Restricted Subsidiaries, or any payment (whether in cash, securities or other Property), including any sinking fund or similar deposit, on account of the purchase,
redemption, retirement, acquisition, cancellation or termination of any such Equity Interests in the Borrower or any of its Restricted Subsidiaries or any option, warrant or other right to acquire any such Equity Interests in the Borrower or any of
its Restricted Subsidiaries. 
 “Restricted Subsidiary” means any Subsidiary of Ultimate Parent or, if so designated, the
Borrower that is not an Unrestricted Subsidiary. 
 “Revolving Credit Exposure” means, with respect to any Lender at any
time, the sum of the outstanding principal amount of such Lender’s Loans and its LC Exposure at such time. 

“S&P” means Standard & Poor’s Ratings Group, a division of The McGraw-Hill Companies, Inc., and any
successor thereto that is a nationally recognized rating agency. 
 “Scheduled Redetermination” has the meaning assigned
such term in Section 2.07(b). 
 “Scheduled Redetermination Date” means (a) (i) January 1, 2015 and
(ii) commencing on April 15, 2015 and thereafter, on each April 1 and October 1, based upon a Reserve Report prepared as of the immediately preceding January 1 and July 1, respectively, and (b) each Optional
Scheduled Redetermination Date (or, in the case of both of the foregoing clauses (a) and (b), such date promptly thereafter as reasonably practicable). 

  

					
		 	27	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 “Scheduled Redetermination Effective Date” means the date on which a Borrowing
Base that has been redetermined pursuant to a Scheduled Redetermination becomes effective as provided in Section 2.07(d). 

“SEC” means the Securities and Exchange Commission or any successor Governmental Authority. 

“Secured Obligations” means any and all amounts owing or to be owing by any Group Member (whether direct or indirect
(including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including any renewals, extensions or rearrangements thereof): (a) to any Agent, the Issuing Bank or any Lender under
any Loan Document, including, without limitation, all interest on any of the Loans (including any interest that accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency or reorganization of any
Credit Party (or could accrue but for the operation of applicable bankruptcy or insolvency laws), whether or not such interest is allowed or allowable as a claim in any such case, proceeding or other action); (b) to any Secured Swap Provider
under any Swap Agreement including any Swap Agreement in existence prior to the date hereof, but excluding any additional transactions or confirmations entered into (i) after such Secured Swap Provider ceases to be a Lender or an Affiliate of a
Lender or (ii) after assignment by a Secured Swap Provider to another Secured Swap Provider that is not a Lender or an Affiliate of a Lender; (c) to any Bank Products Provider in respect of Bank Products, but excluding any additional
transactions or confirmations entered into (i) after such Bank Products Provider ceases to be a Lender or an Affiliate of a Lender or (ii) after assignment by a Bank Products Provider to another Bank Products Provider that is not a Lender
or an Affiliate of a Lender; provided that solely with respect to any Guarantor that is not an “eligible contract participant” under the Commodity Exchange Act, Excluded Swap Obligations of such Guarantor shall in any event be
excluded from “Secured Obligations” owing by such Guarantor. 
 “Secured Parties” means, collectively, the
Administrative Agent, the Lenders, the Issuing Banks, the Bank Products Providers and Secured Swap Providers, and “Secured Party” means any of them individually. 

“Secured Swap Provider” means any (a) Person that is a party to a Swap Agreement with any Credit Party that entered into
such Swap Agreement before or while such Person was a Lender or an Affiliate of a Lender, whether or not such Person at any time ceases to be a Lender or an Affiliate of a Lender, as the case may be, or (b) assignee of any Person described in
clause (a) above so long as such assignee is a Lender or an Affiliate of a Lender. 
 “Security Instruments” means the
Guaranty Agreement and any and all other mortgages, deeds of trust and other agreements, instruments, consents or certificates now or hereafter executed and delivered by the Borrower or any other Person (other than Swap Agreements with the Lenders
or any Affiliate of a Lender or participation or similar agreements between any Lender and any other lender or creditor with respect to any Secured Obligation pursuant to this Agreement) in connection with, or as security for the payment or
performance of the Secured Obligations. 

  

					
		 	28	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 “Specified Period” means, for any date of determination, the period beginning on
such date and ending on the eighteen (18) month anniversary thereof. 
 “Statutory Reserve Rate” means a fraction
(expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed
as a decimal established by the Board to which the Administrative Agent is subject with respect to the Adjusted LIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such
reserve percentages shall include those imposed pursuant to such Regulation D. Eurodollar Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions
or offsets that may be available from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve
percentage. 
 “subsidiary” means, with respect to any Person (the “parent”) at any date, any other Person
the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other Person (a) of
which Equity Interests representing more than 50% of the equity or more than 50% of the ordinary voting power (irrespective of whether or not at the time Equity Interests of any other class or classes of such Person shall have or might have voting
power by reason of the happening of any contingency) or, in the case of a partnership, any general partnership interests are, as of such date, owned, controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or
one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 
 “Subsidiary” means
any subsidiary of Ultimate Parent or the Borrower, as the context requires. 
 “Swap Agreement” means any agreement with
respect to any swap, forward, future or derivative transaction or option or similar agreement, whether exchange traded, “over-the-counter” or otherwise, involving, or settled by reference to, one or more rates, currencies, commodities,
equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions (including any agreement, contract or
transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act); provided that (a) no phantom stock or similar plan providing for payments only on account of services provided by
current or former directors, officers, employees or consultants of the Borrower, Ultimate Parent or the Restricted Subsidiaries shall be a Swap Agreement and (b) no purchase or sale agreement for the physical delivery of Hydrocarbons entered
into in the ordinary course of business shall be a Swap Agreement unless such agreement (i) is a futures contract that is quoted or traded on a national board of exchange or (ii) has a term of longer than 90 days and requires a party to
pay a fixed price for the Hydrocarbons to be delivered. 

  

					
		 	29	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 “Swap Obligation” means, with respect to any Guarantor, any obligation to pay or
perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

“Swap Termination Value” means, in respect of any one or more Swap Agreements, after taking into account the effect of any
legally enforceable netting agreement relating to such Swap Agreements, (a) for any date on or after the date such Swap Agreements have been closed out and termination value(s) determined in accordance therewith, such termination value(s) and
(b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Agreements. 

“Synthetic Leases” means, in respect of any Person, all leases which shall have been, or should have been, in accordance with
GAAP, treated as operating leases on the financial statements of the Person liable (whether contingently or otherwise) for the payment of rent thereunder and which were properly treated as indebtedness for borrowed money for purposes of United
States federal income taxes, if the lessee in respect thereof is obligated to either purchase for an amount in excess of, or pay upon early termination an amount in excess of, 80% of the residual value of the Property subject to such operating lease
upon expiration or early termination of such lease. 
 “Taxes” means any and all present or future taxes, levies, imposts,
duties, deductions, withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

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

“Threshold Amount” means, at any time, the greater of (a) five percent (5%) of the Borrowing Base in effect at such
time and (b) $25,000,000. 
 “Total Commitments Utilization Percentage” means, as of any day, the fraction expressed
as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the total Commitments of the Lenders in effect on such day. 

“Transactions” means, with respect to (a) the Borrower, the execution, delivery and performance by the Borrower of this
Agreement and each other Loan Document to which it is a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder, and the grant of Liens by the Borrower on Mortgaged Properties, if any, and other
Properties pursuant to the Security Instruments and (b) each other Credit Party, the execution, delivery and performance by such Credit Party of each Loan Document to which it is a party, the guaranteeing of the Secured Obligations and the
other obligations under the Guaranty Agreement by such Credit Party and such Credit Party’s grant of the security interests and provision of collateral under the Security Instruments, and the grant of Liens by such Credit Party on Mortgaged
Properties, if any, and other Properties pursuant to the Security Instruments. 

  

					
		 	30	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 “Type”, when used in reference to any Loan or Borrowing, refers to whether the
rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Alternate Base Rate or the Adjusted LIBO Rate. 

“Ultimate Parent” has the meaning assigned to such term in the introductory paragraph hereof. 

“Undrawn Facility Fee Rate” refers to the term so used in the first column and last row of the grid in the definition of
“Applicable Margin”. 
 “Unrestricted Subsidiary” means any Subsidiary of Ultimate Parent designated as
such on Schedule 7.14 or which the Borrower has designated in writing to the Administrative Agent to be an Unrestricted Subsidiary pursuant to Section 9.20. 

“U.S. Person” means any Person that is a “United States person” as defined in Section 7701(a)(30) of the Code.

 “U.S. Tax Compliance Certificate” has the meaning set forth in Section 5.03(f). 

“Wells” means (i) a well drilled for the purpose of producing Hydrocarbons or disposing of fluids produced in connection
with the production of Hydrocarbons, associated with any Credit Party’s interest in any oil and gas lease or lands pooled therewith and (ii) any water production or disposal well, injection well or other wells located on or allocable to
the Hydrocarbon Interests or lands pooled therewith, whether producing, shut-in, abandoned or temporarily abandoned. 

“Wholly-Owned Subsidiary” means any Restricted Subsidiary of which all of the outstanding Equity Interests (other than any
directors’ qualifying shares mandated by applicable law), on a fully-diluted basis, are owned by Ultimate Parent or one or more of the Wholly-Owned Subsidiaries or are owned by Ultimate Parent and one or more of the Wholly-Owned Subsidiaries.

 “Withholding Agent” means any Credit Party or the Administrative Agent. 

Section 1.03 Types of Loans and Borrowings. For purposes of this Agreement, Loans and Borrowings, respectively, may be classified
and referred to by Type (e.g., a “Eurodollar Loan” or a “Eurodollar Borrowing”). 
 Section 1.04
Terms Generally; Rules of Construction. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine,
feminine and neuter forms. The words “include”, “includes” and “including” as used in this Agreement shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be
construed to have the same meaning and effect as the word “shall”. The word “or” is not exclusive. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document
herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented, restated or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth
in the Loan 

  

					
		 	31	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
Documents), (b) any reference herein to any law shall be construed as referring to such law as amended, modified, codified or reenacted, in whole or in part, and in effect from time to time,
(c) any reference herein to any Person shall be construed to include such Person’s successors and assigns (subject to the restrictions contained in the Loan Documents), (d) the words “herein”, “hereof” and
“hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (e) with respect to the determination of any time period, the word “from”
means “from and including” and the word “to” means “to and including” and (f) any reference herein to Articles, Sections, Annexes, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and
Annexes, Exhibits and Schedules to, this Agreement. No provision of this Agreement or any other Loan Document shall be interpreted or construed against any Person solely because such Person or its legal representative drafted such provision. 

Section 1.05 Accounting Terms and Determinations; GAAP. Unless otherwise specified herein, all accounting terms used herein shall
be interpreted, all determinations with respect to accounting matters hereunder shall be made, and all financial statements and certificates and reports as to financial matters required to be furnished to the Administrative Agent or the Lenders
hereunder shall be prepared, in accordance with GAAP, applied on a basis consistent with the Financial Statements except for changes in which the Borrower’s independent certified public accountants concur and which are disclosed to
Administrative Agent on the next date on which financial statements are required to be delivered to the Lenders pursuant to Section 8.01(a); provided that, unless the Borrower and the Majority Lenders shall otherwise agree in writing, no
such change shall modify or affect the manner in which compliance with the covenants contained herein is computed such that all such computations shall be conducted utilizing financial information presented consistently with prior periods.
Notwithstanding anything herein to the contrary, for the purposes of calculating any of the ratios tested under Section 9.01, and the components of each of such ratios, all Unrestricted Subsidiaries and their subsidiaries (including their
assets, liabilities, income, losses, cash flows, and the elements thereof) shall be excluded, except for any cash dividends or distributions actually paid by any Unrestricted Subsidiary or any of its subsidiaries to a Group Member, which shall be
deemed to be income to the Borrower or such Group Member when actually received by it. 
 ARTICLE II 

THE CREDITS 

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

Section 2.02 Loans and Borrowings. 

(a) Borrowings; Several Obligations. Each Loan shall be made as part of a Borrowing consisting of Loans made by the Lenders ratably in
accordance with their respective Commitments. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments are several and no Lender shall
be responsible for any other Lender’s failure to make Loans as required. 

  

					
		 	32	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (b) Types of Loans. Subject to Section 3.03, each Borrowing shall be comprised
entirely of ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan;
provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. 

(c) Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar Borrowing, such
Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 and not less than $500,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and
not less than $200,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by
Section 2.08(e). Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a total of six (6) Eurodollar Borrowings outstanding. Notwithstanding any other provision
of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date. 

(d) Notes. If requested by a Lender, the Loans made by each Lender shall be evidenced by a single promissory note of the Borrower in
substantially the form of Exhibit A, dated, in the case of (i) any Lender party hereto as of the date of this Agreement, as of the date of this Agreement, (ii) any Lender that becomes a party hereto pursuant to an Assignment and
Assumption, as of the effective date of the Assignment and Assumption, or (iii) any Lender that becomes a party hereto in connection with an increase in the Aggregate Elected Commitment Amounts pursuant to Section 2.06(c), as of the
effective date of such increase, payable to such Lender in a principal amount equal to its Maximum Credit Amount as in effect on such date, and otherwise duly completed. In the event that any Lender’s Maximum Credit Amount increases or
decreases for any reason (whether pursuant to Section 2.06, Section 12.04(b) or otherwise), the Borrower shall deliver or cause to be delivered, to the extent such Lender is then holding a Note, on the effective date of such increase or
decrease, a new Note payable to such Lender in a principal amount equal to its Maximum Credit Amount after giving effect to such increase or decrease, and otherwise duly completed. The date, amount, Type, interest rate and, if applicable, Interest
Period of each Loan made by each Lender, and all payments made on account of the principal thereof, shall be recorded by such Lender on its books for its Note. Failure to make any such recordation shall not affect any Lender’s or the
Borrower’s rights or obligations in respect of such Loans or affect the validity of such transfer by any Lender of its Note. 

Section 2.03 Requests for Borrowings. To request a Borrowing, the Borrower shall notify the Administrative Agent of such request
by telephone (a) in the case of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, three Business Days before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing, not later than 12:00 noon, New
York City time, on the date of the proposed Borrowing; provided that no such notice shall 

  

					
		 	33	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
be required for any deemed request of an ABR Borrowing to finance the reimbursement of an LC Disbursement as provided in Section 2.08(e). Each such telephonic Borrowing Request shall be
irrevocable and shall be confirmed promptly by hand delivery or facsimile to the Administrative Agent of a written Borrowing Request in substantially the form of Exhibit B and signed by the Borrower. Each such telephonic and written Borrowing
Request shall specify the following information in compliance with Section 2.02: 
 (i) the aggregate amount of the requested
Borrowing; 
 (ii) the date of such Borrowing, which shall be a Business Day; 

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

(iv) in the case of a Eurodollar Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the
definition of the term “Interest Period”; 
 (v) the amount of the then effective Borrowing Base, the Aggregate Elected
Commitment Amounts, the current total Revolving Credit Exposures (without regard to the requested Borrowing) and the pro forma total Revolving Credit Exposures (giving effect to the requested Borrowing); and 

(vi) the location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of
Section 2.05. 
 If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period
is specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each Borrowing Request shall constitute a representation by the Borrower that the
amount of the requested Borrowing shall not cause the total Revolving Credit Exposures to exceed the total Commitments (i.e., the least of (x) the Aggregate Maximum Credit Amounts, (y) the then effective Borrowing Base, and (z) the
Aggregate Elected Commitment Amounts). 
 Promptly following receipt of a Borrowing Request in accordance with this Section 2.03, the Administrative
Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 

Section 2.04 Interest Elections. 

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

  

					
		 	34	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (b) Interest Election Requests. To make an election pursuant to this Section 2.04,
the Borrower shall notify the Administrative Agent of such election by telephone by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from such election to
be made on the effective date of such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or facsimile to the Administrative Agent of a written Interest Election Request in
substantially the form of Exhibit C and signed by the Borrower. 
 (c) Information in Interest Election Requests. Each telephonic and
written Interest Election Request shall specify the following information in compliance with Section 2.02: 
 (i) the Borrowing to
which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified
pursuant to Section 2.04(c)(iii) and (iv) shall be specified for each resulting Borrowing); 
 (ii) the effective date of the
election made pursuant to such Interest Election Request, which shall be a Business Day; 
 (iii) whether the resulting Borrowing is to be
an ABR Borrowing or a Eurodollar Borrowing; and 
 (iv) if the resulting Borrowing is a Eurodollar Borrowing, the Interest Period to be
applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”. 

If any such Interest Election Request requests a Eurodollar Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have
selected an Interest Period of one month’s duration. 
 (d) Notice to the Lenders by the Administrative Agent. Promptly
following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. 

(e) Effect of Failure to Deliver Timely Interest Election Request and Events of Default and Borrowing Base Deficiencies on Interest
Election. If the Borrower fails to deliver a timely Interest Election Request with respect to a Eurodollar Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end
of such Interest Period such Borrowing shall be converted to an ABR Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default or a Borrowing Base Deficiency has occurred and is continuing: (i) no outstanding Borrowing may
be converted to or continued as a Eurodollar Borrowing (and any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurodollar Borrowing shall be ineffective) and (ii) unless
repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. 

  

					
		 	35	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 Section 2.05 Funding of Borrowings. 

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

(b) Presumption of Funding by the Lenders. Unless the Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in
accordance with Section 2.05(a) and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the
Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand without duplication, such corresponding amount with interest thereon, for each day from and including the date
such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent
in accordance with banking industry rules on interbank compensation or (ii) in the case of the Borrower and without regard to Section 5.02, the interest rate applicable to the Adjusted LIBO Rate for an Interest Period of one month. If such
Lender remits to the Administrative Agent its share of the Borrowing, then such amount shall constitute such Lender’s Loan included in such Borrowing. 

Section 2.06 Termination and Reduction of Aggregate Maximum Credit Amounts; Optional Increase and Reduction of Aggregate Elected
Commitment Amounts. 
 (a) Scheduled Termination of Commitments. Unless previously terminated, the Commitments shall terminate on
the Maturity Date. If at any time any of the Aggregate Maximum Credit Amounts, the Borrowing Base or the Aggregate Elected Commitment Amounts is terminated or reduced to zero, then the Commitments shall terminate on the effective date of such
termination or reduction. 

  

					
		 	36	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (b) Optional Termination and Reduction of Aggregate Credit Amounts. 

(i) The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit Amounts; provided that
(A) each reduction of the Aggregate Maximum Credit Amounts shall be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000, (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit Amounts
if, (1) after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(c), the total Revolving Credit Exposures would exceed the total Commitments or (2) the Aggregate Maximum Credit Amount would be less
than $1,000,000 (unless, with respect to this clause (2), the Aggregate Maximum Credit Amounts are reduced to $0.00), and (C) upon any reduction of the Aggregate Maximum Credit Amounts that results in the Aggregate Maximum Credit Amounts being
less than the Aggregate Elected Commitment Amounts, the Aggregate Elected Commitment Amounts shall be automatically reduced (ratably among the Lenders) so that they equal the Aggregate Maximum Credit Amounts as so reduced. 

(ii) The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Aggregate Maximum Credit Amounts under
Section 2.06(b)(i) at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall
advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section 2.06(b)(ii) shall be irrevocable; provided that a notice of termination of the Aggregate Maximum Credit Amounts delivered by the
Borrower may state that such notice is conditioned upon the satisfaction of one or more conditions precedent, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective
date) if such condition is not satisfied. Any termination or reduction of the Aggregate Maximum Credit Amounts shall be permanent and may not be reinstated. Each reduction of the Aggregate Maximum Credit Amounts shall be made ratably among the
Lenders in accordance with each Lender’s Applicable Percentage. 
 (c) Optional Increase and Reduction of Aggregate Elected
Commitment Amounts. 
 (i) Subject to the conditions set forth in Section 2.06(c)(ii), the Borrower may increase the Aggregate
Elected Commitment Amounts then in effect by increasing the Elected Commitment of a Lender or, with the consent of the Administrative Agent and each Issuing Bank (such consent not to be unreasonably withheld), by causing a Person that at such time
is not a Lender to become a Lender (an “Additional Lender”). Notwithstanding anything to the contrary contained in this Agreement, in no case shall an Additional Lender be the Borrower or an Affiliate of the Borrower. 

(ii) Any increase in the Aggregate Elected Commitment Amounts shall be subject to the following additional conditions: 

(A) such increase shall not be less than $25,000,000 unless the Administrative Agent otherwise consents, and no such increase shall be
permitted if after giving effect thereto the Aggregate Elected Commitment Amounts exceed the Borrowing Base then in effect; 

  

					
		 	37	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (B) following any Scheduled Redetermination Date, the Borrower may not increase the Aggregate
Elected Commitment Amounts more than once before the next Scheduled Redetermination Date; 
 (C) no Default shall have occurred and be
continuing on the effective date of such increase; 
 (D) on the effective date of such increase, no Eurodollar Borrowings shall be
outstanding or if any Eurodollar Borrowings are outstanding, then the effective date of such increase shall be the last day of the Interest Period in respect of such Eurodollar Borrowings unless the Borrower pays compensation required by
Section 5.02; 
 (E) no Lender’s Elected Commitment may be increased without the consent of such Lender; 

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

(G) if the Borrower elects to increase the Aggregate Elected Commitment Amounts by causing an Additional Lender to become a party to this
Agreement, then the Borrower and such Additional Lender shall execute and deliver to the Administrative Agent a certificate substantially in the form of Exhibit J (an “Additional Lender Certificate”), together with an Administrative
Questionnaire and a processing and recordation fee of $3,500, and the Borrower shall (1) if requested by the Additional Lender, deliver a Note payable to such Additional Lender in a principal amount equal to its Maximum Credit Amount, and
otherwise duly completed and (2) pay any applicable fees as may have been agreed to between the Borrower, the Additional Lender and/or the Administrative Agent. 

(iii) Subject to acceptance and recording thereof pursuant to Section 2.06(c)(iv), from and after the effective date specified in the
Elected Commitment Increase Certificate or the Additional Lender Certificate (or if any Eurodollar Borrowings are outstanding, then the last day of the Interest Period in respect of such Eurodollar Borrowings, unless the Borrower has paid
compensation required by Section 5.02): (A) the amount of the Aggregate Elected Commitment Amounts shall be increased as set forth therein, and (B) in the case of an Additional Lender Certificate, any Additional Lender party thereto
shall be a party to this Agreement and have the rights and obligations of a Lender under this Agreement and the other Loan Documents. In addition, the Lender or the Additional Lender, as applicable, shall purchase a pro rata portion of the
outstanding Loans (and participation interests in Letters of Credit) of each of the other Lenders (and such Lenders hereby agree to sell and to take all such further action to effectuate such sale) such that each Lender (including any Additional
Lender, if applicable) shall hold its Applicable Percentage of the outstanding Loans (and participation interests) after giving effect to the increase in the Aggregate Elected Commitment Amounts. 

  

					
		 	38	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (iv) Upon its receipt of a duly completed Elected Commitment Increase Certificate or an
Additional Lender Certificate, executed by the Borrower and the Lender or by the Borrower and the Additional Lender party thereto, as applicable, the processing and recording fee referred to in Section 2.06(c)(ii) and the Administrative
Questionnaire referred to in Section 2.06(c)(ii), if applicable, the Administrative Agent shall accept such Elected Commitment Increase Certificate or Additional Lender Certificate and record the information contained therein in the Register
required to be maintained by the Administrative Agent pursuant to Section 12.04(b)(iv). No increase in the Aggregate Elected Commitment Amounts shall be effective for purposes of this Agreement unless it has been recorded in the Register as
provided in this Section 2.06(c)(iv). 
 (v) Upon any increase in the Aggregate Elected Commitment Amounts pursuant to this
Section 2.06(c), (A) each Lender’s Maximum Credit Amount shall be automatically deemed amended to the extent necessary so that each such Lender’s Applicable Percentage equals the percentage of the Aggregate Elected Commitment
Amounts represented by such Lender’s Elected Commitment, in each case after giving effect to such increase, and (B) Annex I to this Agreement shall be deemed amended to reflect the Elected Commitment of each Lender (including any
Additional Lender) as thereby increased, any changes in the Lenders’ Maximum Credit Amounts pursuant to the foregoing clause (A), and any resulting changes in the Lenders’ Applicable Percentages. 

(vi) The Borrower may from time to time reduce the Aggregate Elected Commitment Amounts; provided that (A) each reduction of the
Aggregate Elected Commitment Amounts shall be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000 and (B) the Borrower shall not reduce the Aggregate Elected Commitment Amounts if, after giving effect to any
concurrent prepayment of the Loans in accordance with Section 3.04(c), the total Revolving Credit Exposures would exceed the Aggregate Elected Commitment Amounts. 

(vii) The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Aggregate Elected Commitment Amounts
under Section 2.06(c)(iv) at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent
shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section 2.06(c)(vii) shall be irrevocable; provided that a notice of termination of the Aggregate Elected Commitment Amounts
delivered by the Borrower may state that such notice is conditioned upon the satisfaction of one or more conditions precedent, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the
specified effective date) if such condition is not satisfied. Any termination or reduction of the Aggregate Elected Commitment Amounts shall be permanent and may not be reinstated, except pursuant to Section 2.06(c)(i). Each reduction of the
Aggregate Elected Commitment Amounts shall be made ratably among the Lenders in accordance with each Lender’s Applicable Percentage. 

  

					
		 	39	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 Section 2.07 Borrowing Base. 

(a) Initial Borrowing Base. On the Effective Date, the Borrowing Base shall be $100,000,000. Notwithstanding the foregoing, the
Borrowing Base may be subject to further adjustments in between Scheduled Redeterminations from time to time pursuant to Section 8.13(c) and Section 9.12. 

(b) Scheduled and Interim Redeterminations. The Borrowing Base shall be redetermined in accordance with this Section 2.07 (a
“Scheduled Redetermination”), and, subject to Section 2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Bank and the Lenders on each Scheduled
Redetermination Effective Date. The Borrower may elect for any January 1 or July 1 of any calendar to be an Optional Scheduled Redetermination Date by designating in writing to the Administrative Agent such date as an Optional Scheduled
Redetermination Date (which designation must be made no later than the date on which the Scheduled Redetermination scheduled for the immediately preceding April 1, July 1, October 1 and January 1, as applicable, becomes
effective. In addition, the Borrower may, by notifying the Administrative Agent thereof, and the Administrative Agent may, or, at the direction of the Required Lenders, shall, by notifying the Borrower thereof, one time between two successive
Scheduled Redetermination Effective Dates that are not Optional Scheduled Redetermination Dates, each elect to cause the Borrowing Base to be redetermined between Scheduled Redeterminations (an “Interim Redetermination”) in
accordance with this Section 2.07. 
 (c) Scheduled and Interim Redetermination Procedure. 

(i) Each Scheduled Redetermination and each Interim Redetermination shall be effectuated as follows: Upon receipt by the Administrative Agent
of (A) the Reserve Report and the certificate required to be delivered by the Borrower to the Administrative Agent, in the case of a Scheduled Redetermination, pursuant to Section 8.12(a) and (c), and, in the case of an Interim
Redetermination, pursuant to Section 8.12(b) and (c), and (B) such other reports, data and supplemental information, including, without limitation, the information provided pursuant to Section 8.12(c), as may, from time to time, be
reasonably requested by the Required Lenders (the Reserve Report, such certificate and such other reports, data and supplemental information being the “Engineering Reports”), the Administrative Agent shall evaluate the information
contained in the Engineering Reports and shall, in good faith, propose a new Borrowing Base (the “Proposed Borrowing Base”) based upon such information and such other information (including, without limitation, the status of title
information with respect to the Oil and Gas Properties as described in the Engineering Reports and the existence of any other Debt, the Borrower’s other assets, liabilities, fixed charges, cash flow, business, properties, prospects, management
and ownership, hedged and unhedged exposure to price, price and production scenarios, interest rate and operating cost changes) as the Administrative Agent deems appropriate in its sole discretion and consistent with its normal oil and gas lending
criteria as it exists at the particular time. In no event shall the Proposed Borrowing Base exceed the Aggregate Maximum Credit Amounts or the maximum amount therefor permitted under the Permitted 2013 Bond Documents; 

  

					
		 	40	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (ii) The Administrative Agent shall notify the Borrower and the Lenders of the Proposed
Borrowing Base (the “Proposed Borrowing Base Notice”) after the Administrative Agent has received complete Engineering Reports from the Borrower and has had a reasonable opportunity to determine the Proposed Borrowing Base in
accordance with Section 2.07(c)(i); and 
 (iii) Any Proposed Borrowing Base that would increase the Borrowing Base then in effect
must be approved by the Borrowing Base Increase Requisite Lenders as provided in this Section 2.07(c)(iii) (and after giving effect to any reallocation described in Section 2.07(c)(iv)); and any Proposed Borrowing Base that would decrease
or maintain the Borrowing Base then in effect must be approved or be deemed to have been approved by the Required Lenders as provided in this Section 2.07(c)(iii). Upon receipt of the Proposed Borrowing Base Notice, each Lender shall have
twenty (20) days thereafter to agree with the Proposed Borrowing Base or disagree with the Proposed Borrowing Base by proposing an alternate Borrowing Base. At the end of such twenty (20) days, any Lender has not communicated its approval
or disapproval in writing to the Administrative Agent, such silence shall be deemed to be an approval of the Proposed Borrowing Base. If, at the end of such 20-day period, the Borrowing Base Increase Requisite Lenders, in the case of a Proposed
Borrowing Base that would increase the Borrowing Base then in effect, or the Required Lenders, in the case of a Proposed Borrowing Base that would decrease or maintain the Borrowing Base then in effect, have approved or, in the case of a decrease or
reaffirmation, deemed to have approved, as aforesaid, then the Proposed Borrowing Base shall become the new Borrowing Base, effective on the date specified in Section 2.07(d). If, however, at the end of such 20-day period, the Borrowing Base
Increase Requisite Lenders or the Required Lenders, as applicable, have not approved or, in the case of a decrease or reaffirmation, deemed to have approved, as aforesaid, then the Administrative Agent shall poll the Lenders to ascertain the highest
Borrowing Base then acceptable to (x) in the case of a decrease or reaffirmation, a number of the Lenders sufficient to constitute the Required Lenders and (y) in the case of an increase, the Borrowing Base Increase Requisite Lenders, and
such amount shall become the new Borrowing Base, effective on the date specified in Section 2.07(d). 
 (iv) If any Proposed Borrowing
Base that would increase the Borrowing Base then in effect has been approved by the Borrowing Base Increase Requisite Lenders, and a Lender has timely communicated its disapproval of such Proposed Borrowing Base (each, a “Dissenting
Lender”), then the Borrower may, at its sole expense and effort, upon notice to the applicable Dissenting Lender and the Administrative Agent, (A) replace one or more Dissenting Lenders in accordance with the terms of Section 5.04(b)
with Lenders that approve such Proposed Borrowing Base, (B) if the Borrower can identify non-Dissenting Lenders or, with the consent of the Administrative Agent and each Issuing Bank (such consent not to be unreasonably withheld), other Persons
that are not Lenders at such time that, in either case, agree to do so in their sole discretion, elect for all (but not less than all) of each such Dissenting Lender’s Increase Portion to be reallocated among such non-Dissenting Lenders and
such other Persons in a manner, and subject to documentation and terms, in each case reasonably acceptable to the Borrower, such non-Dissenting Lenders, such other Persons and the Administrative Agent, and Annex I hereto shall be deemed amended to
reflect all of the foregoing, or (C) elect to proceed with a combination of replacing one or more Dissenting Lenders as set forth in the preceding clause (A) and reallocating non-replaced Dissenting

  

					
		 	41	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
Lenders’ Increase Portions. Notwithstanding anything to the contrary contained in this Agreement, if the actions contemplated by the foregoing clauses (A), (B) and (C) are not
effectuated for any reason and any Dissenting Lender has not either been replaced or had its entire Increase Portion reallocated in accordance with the foregoing, then the Proposed Borrowing Base shall be deemed not to be approved by the Borrowing
Base Increase Requisite Lenders. 
 (d) Effectiveness of a Redetermined Borrowing Base. After a redetermined Borrowing Base is
approved or is deemed to have been approved by the Borrowing Base Increase Requisite Lenders or the Required Lenders, as applicable, pursuant to Section 2.07(c)(iii) and Section 2.07(c)(iv), the Administrative Agent shall notify the
Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent,
the Issuing Bank and the Lenders: 
 (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have
received the Engineering Reports required to be delivered by the Borrower pursuant to Section 8.12(a) and (c) in a timely and complete manner, then on the applicable Scheduled Redetermination Date following such notice, or (B) if the
Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Section 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such
notice; and 
 (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such notice. 

Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Effective Date, the next Interim Redetermination Date or the next
adjustment to the Borrowing Base under Section 8.13(c), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is
received by the Borrower. 
 (e) Automatic Reduction of the Borrowing Base in connection with the issuance of Permitted Unsecured
Debt. Notwithstanding anything to the contrary contained herein, if the Borrower issues any Permitted Unsecured Debt (other than any Permitted 2013 Bond Debt) after the date hereof, on each Date of Issuance (as defined in the definition of
Permitted Unsecured Debt) the Borrowing Base then in effect shall be reduced automatically by an amount equal to the product of 0.25 and the stated principal amount of the Permitted Unsecured Debt so issued. The Borrowing Base as so reduced shall
become the new Borrowing Base immediately upon such Date of Issuance and shall remain in effect until the next date as of which the Borrowing Base is redetermined pursuant to this Agreement. For purposes of this Section 2.07(e), if any such
Permitted Unsecured Debt is issued at a discount or otherwise sold for less than “par”, the reduction shall be calculated based upon the stated principal amount without reference to such discount. 

  

					
		 	42	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 Section 2.08 Letters of Credit. 

(a) General. Subject to the terms and conditions set forth herein, the Borrower may request the issuance of dollar denominated Letters
of Credit (or the amendment, renewal or extension of outstanding Letters of Credit) for its own account or for the account of any other Credit Party, and Issuing Bank shall issue, amend, renew or extend such Letters of Credit, in each case in a form
reasonably acceptable to the Administrative Agent and the applicable Issuing Bank, at any time and from time to time during the Availability Period; provided that the Borrower may not request the issuance, amendment, renewal or extension of
Letters of Credit hereunder if (i) a Borrowing Base Deficiency exists at such time or, if after giving effect thereto, would exist or (ii) if after giving effect thereto, the LC Exposure exceeds the LC Commitment. In the event of any
inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the Borrower to, or entered into by the Borrower with, the Issuing Bank
relating to any Letter of Credit, the terms and conditions of this Agreement shall control. 
 (b) Notice of Issuance, Amendment,
Renewal, Extension; Certain Conditions. To request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or facsimile (or transmit by electronic
communication, if arrangements for doing so have been approved by the applicable Issuing Bank) to the applicable Issuing Bank and the Administrative Agent (not less than three (3) Business Days in advance of the requested date of issuance,
amendment, renewal or extension) a notice: 
 (i) requesting the issuance of a Letter of Credit or identifying the Letter of Credit to be
amended, renewed or extended; 
 (ii) specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day);

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

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

(v) specifying the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or
extend such Letter of Credit; and 
 (vi) specifying the amount of the then effective Borrowing Base and the Aggregate Elected Commitment
Amounts and whether a Borrowing Base Deficiency exists at such time, the current total Revolving Credit Exposures (without regard to the requested Letter of Credit or the requested amendment, renewal or extension of an outstanding Letter of Credit)
and the pro forma total Revolving Credit Exposures (giving effect to the requested Letter of Credit or the requested amendment, renewal or extension of an outstanding Letter of Credit). 

If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with
any request for a Letter of Credit; provided that, in the event of any conflict between such application or any Letter of Credit Agreement and the terms of this Agreement, the terms of this Agreement shall control. 

  

					
		 	43	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of
business on the earlier of (i) the date one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension) and (ii) the date that is five
Business Days prior to the Maturity Date. 
 (d) Participations. By the issuance of a Letter of Credit (or an amendment to a Letter
of Credit increasing the amount thereof) and without any further action on the part of the Issuing Bank or the Lenders, the Issuing Bank hereby grants to each Lender, and each Lender hereby acquires from the Issuing Bank, a participation in such
Letter of Credit equal to such Lender’s Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each Lender hereby absolutely and unconditionally
agrees to pay to the Administrative Agent, for the account of the Issuing Bank, such Lender’s Applicable Percentage of each LC Disbursement made by the Issuing Bank and not reimbursed by the Borrower on the date due as provided in
Section 2.08(e), or of any reimbursement payment required to be refunded to the Borrower for any reason. Each Lender acknowledges and agrees that its obligation to acquire participations pursuant to this Section 2.08(d) in respect of
Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default, the existence of a
Borrowing Base Deficiency or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. 

(e) Reimbursement. If the Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse
such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement not later than 12:00 noon, New York City time, on the date that such LC Disbursement is made, if the Borrower shall have received notice of such LC
Disbursement prior to 10:00 a.m., New York City time, on such date, or, if such notice has not been received by the Borrower prior to such time on such date, then not later than 12:00 noon, New York City time, on (i) the Business Day that the
Borrower receives such notice, if such notice is received prior to 10:00 a.m., New York City time, on the day of receipt, or (ii) the Business Day immediately following the day that the Borrower receives such notice, if such notice is not
received prior to such time on the day of receipt; provided that the Borrower shall, subject to the conditions to Borrowing set forth herein, be deemed to have requested, and the Borrower does hereby request under such circumstances, that
such payment be financed with an ABR Borrowing in an equivalent amount and, to the extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Borrowing. If the Borrower fails to make
such payment when due, the Administrative Agent shall notify each Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such Lender’s Applicable Percentage thereof. Promptly following receipt of
such notice, each Lender shall pay to the Administrative Agent its Applicable Percentage of the payment then due from the Borrower, in the same manner as provided in Section 2.05 with respect to Loans made by such Lender (and Section 2.05
shall apply, mutatis mutandis, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to the Issuing Bank the amounts so received by it from the Lenders. 

  

					
		 	44	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this Section 2.08(e), the Administrative Agent shall distribute such payment to the
Issuing Bank or, to the extent that the Lenders have made payments pursuant to this Section 2.08(e) to reimburse the Issuing Bank, then to such Lenders and the Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to
this Section 2.08(e) to reimburse the Issuing Bank for any LC Disbursement (other than the funding of ABR Loans as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC
Disbursement. 
 (f) Obligations Absolute. The Borrower’s obligation to reimburse LC Disbursements as provided in
Section 2.08(e) shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or
enforceability of any Letter of Credit, any Letter of Credit Agreement or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any
respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by the Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of
Credit or any Letter of Credit Agreement, or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section 2.08(f), constitute a legal or equitable
discharge of, or provide a right of setoff against, the Borrower’s obligations hereunder. Neither the Administrative Agent, the Lenders nor the Issuing Bank, nor any of their Related Parties shall have any liability or responsibility by reason
of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission,
interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical
terms or any consequence arising from causes beyond the control of the Issuing Bank; provided that the foregoing shall not be construed to excuse the Issuing Bank from liability to the Borrower to the extent of any direct damages (as opposed
to consequential damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by the Issuing Bank’s failure to exercise care when determining whether
drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of the Issuing Bank (as finally determined by
a court of competent jurisdiction), the Issuing Bank shall be deemed to have exercised all requisite care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect
to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, the Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for
further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 

(g) Disbursement Procedures. The Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to
represent a demand for payment under a Letter of Credit. The Issuing Bank shall promptly notify the Administrative Agent and the 

  

					
		 	45	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
Borrower by telephone (confirmed by facsimile) of such demand for payment and whether the Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to
give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the Issuing Bank and the Lenders with respect to any such LC Disbursement. 

(h) Interim Interest. If the Issuing Bank shall make any LC Disbursement and has not received reimbursement thereof by 12:00 noon, New
York City time, on the day that it has given the Borrower notice thereof on or before 10:00 a.m., New York City time, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing
under Section 2.08(e)), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then
applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse
the Issuing Bank shall be for the account of such Lender to the extent of such payment. 
 (i) Replacement of the Issuing Bank; Designation
of Additional Issuing Banks. 
 (i) The Issuing Bank may be replaced at any time by written agreement among the Borrower, the
Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of the Issuing Bank. At the time any such replacement shall become effective, the Borrower
shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 3.05(b). From and after the effective date of any such replacement, (A) the successor Issuing Bank shall have all the rights and obligations
of the Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (B) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to
such successor and all previous Issuing Banks, as the context shall require. After the replacement of the Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of the
Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit. 

(ii) From time to time, the Borrower may by notice to the Administrative Agent designate as additional Issuing Banks one or more Lenders that
agree to serve in such capacity as provided below. The acceptance by a Lender of any appointment as an Issuing Bank hereunder shall be evidenced by a joinder agreement (an “Issuing Bank Agreement”), which shall be in a form
reasonably satisfactory to such Lender, the Borrower and the Administrative Agent, shall set forth the agreement of such Lender to become an Issuing Bank hereunder and shall be executed by such Lender, the Borrower and the Administrative Agent and,
from and after the effective date of such Issuing Bank Agreement, (A) such Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and the other Loan Documents and (B) references herein and in the other
Loan Documents to the term “Issuing Bank” shall be deemed to include such Lender in its capacity as an Issuing Bank. Notwithstanding anything to the contrary contained herein, in no event may there be more than three (3) Issuing Banks
at any one time under this Agreement. 

  

					
		 	46	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (j) Cash Collateralization. If (i) any Event of Default shall occur and be continuing
and the Borrower receives written notice from the Administrative Agent or the Majority Lenders demanding the deposit of Cash Collateral pursuant to this Section 2.08(j), (ii) the LC Exposure exceeds the LC Commitment at any time as a
result of a reduction in the Borrowing Base or (iii) the Borrower is required to pay to the Administrative Agent the excess attributable to an LC Exposure in connection with any prepayment pursuant to Section 3.04(c), then the Borrower
shall deposit, in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Lenders, an amount in cash equal to, in the case of an Event of Default, the LC Exposure, in the case of the LC Exposure
exceeding the LC Commitment, the amount of such excess, and in the case of a payment required by Section 3.04(c), the amount of such excess as provided in Section 3.04(c), as of such date plus any accrued and unpaid interest thereon;
provided that the obligation to deposit such Cash Collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default
with respect to any Credit Party described in Section 10.01(h) or Section 10.01(i). The Borrower hereby grants to the Administrative Agent, for the benefit of the Issuing Bank and the Lenders, an exclusive first priority and continuing
perfected security interest in and Lien on such account and all cash, checks, drafts, certificates and instruments, if any, from time to time deposited or held in such account, all deposits or wire transfers made thereto, any and all investments
purchased with funds deposited in such account, all interest, dividends, cash, instruments, financial assets and other Property from time to time received, receivable or otherwise payable in respect of, or in exchange for, any or all of the
foregoing, and all proceeds, products, accessions, rents, profits, income and benefits therefrom, and any substitutions and replacements therefor. The Borrower’s obligation to deposit amounts pursuant to this Section 2.08(j) shall be
absolute and unconditional, without regard to whether any beneficiary of any such Letter of Credit has attempted to draw down all or a portion of such amount under the terms of a Letter of Credit, and, to the fullest extent permitted by applicable
law, shall not be subject to any defense or be affected by a right of set-off, counterclaim or recoupment which the Borrower or any of its Restricted Subsidiaries may now or hereafter have against any such beneficiary, the Issuing Bank, the
Administrative Agent, the Lenders or any other Person for any reason whatsoever. Such deposit shall be held as collateral securing the payment of the Borrower’s and the Guarantor’s obligations under this Agreement and the other Loan
Documents and, other than as set forth herein, so long as any such obligations remain outstanding, the Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any
interest earned on the investment of such deposits, which investments shall be made at the option of the Administrative Agent and with the written consent of the Borrower, but at the Borrower’s risk and expense, such deposits shall not bear
interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse the Issuing Bank for LC Disbursements for which it has not been reimbursed
and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated, be applied to satisfy other obligations of
the Credit Parties under this Agreement or the other Loan Documents. If the Borrower is required to provide an amount of Cash Collateral hereunder as a result of the 

  

					
		 	47	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
occurrence of an Event of Default, and the Borrower is not otherwise required to pay to the Administrative Agent the excess attributable to an LC Exposure in connection with any prepayment
pursuant to Section 3.04(c), then such amount (to the extent not applied as aforesaid) shall cease to be Cash Collateral and shall be returned to the Borrower within three Business Days after all Events of Default have been cured or waived and
the Administrative Agent shall no longer shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account (except to the extent otherwise provided by the Loan Documents). If the Borrower is required to
provide an amount of Cash Collateral pursuant to subclause (j)(ii) of this Section, then such amount (to the extent not applied as aforesaid) shall cease to be Cash Collateral and shall be returned to the Borrower within three Business Days after
the LC Exposure no longer exceeds the LC Commitment as a result of a reduction in the Borrowing Base and the Administrative Agent shall no longer shall have exclusive dominion and control, including the exclusive right of withdrawal, over such
account (except to the extent otherwise provided by the Loan Documents). 
 (k) Cash Collateralization of Fronting Exposure. At any
time that there shall exist a Defaulting Lender, within one Business Day following the written request of the Administrative Agent or any Issuing Bank (with a copy to the Administrative Agent) the Borrower shall Cash Collateralize the Issuing
Banks’ Fronting Exposure with respect to such Defaulting Lender (determined after giving effect to Section 2.09(a)(iv) and any Cash Collateral provided by such Defaulting Lender) in an amount not less than the Minimum Collateral Amount.

 (i) Grant of Security Interest. The Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby
grants to the Administrative Agent, for the benefit of the Issuing Banks, and agrees to maintain, a first priority security interest in all such Cash Collateral as security for the Defaulting Lenders’ obligation to fund participations in
respect of L/C Obligations, to be applied pursuant to clause (b) below. If at any time the Administrative Agent determines in good faith that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent and
the Issuing Banks as herein provided, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount, the Borrower will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent
additional Cash Collateral in an amount sufficient to eliminate such deficiency (after giving effect to any Cash Collateral provided by the Defaulting Lender). 

(ii) Application. Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under this
Section 2.08(k) or Section 2.09 in respect of Letters of Credit shall be applied to the satisfaction of the Defaulting Lender’s obligation to fund participations in respect of L/C Obligations (including, as to Cash Collateral provided
by a Defaulting Lender, any interest accrued on such obligation) for which the Cash Collateral was so provided, prior to any other application of such property as may otherwise be provided for herein. 

(iii) Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any Issuing Bank’s
Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.08(k) following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting

  

					
		 	48	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and each Issuing Bank that there exists excess Cash Collateral; provided that, subject
to Section 2.09 the Person providing Cash Collateral and each Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations; provided further that to the extent that
such Cash Collateral was provided by the Borrower, such amount shall cease to be Cash Collateral and shall be returned to the Borrower within three Business Days after such Cash Collateral shall no longer be required to be held pursuant to this
Section 2.08(k) and the Administrative Agent shall no longer shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account (except to the extent otherwise provided by the Loan Documents). 

Section 2.09 Defaulting Lenders. 

(a) Defaulting Lender Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a
Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 
 (i)
Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement or any Loan Document shall be restricted as set forth in the definition of Borrowing Base
Increase Requisite Lenders, Borrowing Base Super Majority Lenders, Majority Lenders, or Required Lenders, as applicable. 
 (ii)
Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article X or
otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 12.08 shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any
amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any Issuing Bank hereunder; third, to Cash Collateralize the
Issuing Banks’ Fronting Exposure with respect to such Defaulting Lender in accordance with Section 2.08(k); fourth, as the Borrower may request (so long as no Default or Event of Default then exists), to the funding of any Loan in
respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a
deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize the Issuing Banks’ future Fronting
Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with Section 2.08(k); sixth, to the payment of any amounts owing to the Lenders or the Issuing Banks as a
result of any judgment of a court of competent jurisdiction obtained by any Lender or the Issuing Banks against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so
long as no Default or Event of Default exists, to the payment of any amounts owing to any Group Member as a result of any judgment of a court of competent jurisdiction obtained by such Group Member against such Defaulting Lender as a result of such
Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such 

  

					
		 	49	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or LC
Disbursements in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 6.02 were
satisfied or waived, such payment shall be applied solely to pay the Loans of, and LC Disbursements owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or LC Disbursements owed to, such
Defaulting Lender until such time as all Loans and funded and unfunded participations in LC Exposure are held by the Lenders pro rata in accordance with the Commitments without giving effect to Section 2.09(a)(iv). Any payments, prepayments or
other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 2.09(a)(ii) shall be deemed paid to and redirected by such Defaulting
Lender, and each Lender irrevocably consents hereto. 
 (iii) Certain Fees. 

(A) A Defaulting Lender shall not be entitled to receive any Commitment Fee or any fee in respect of participations in Letters of Credit
pursuant to Section 3.05(b), in each case, for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting
Lender); provided, however, that a Defaulting Lender shall be entitled to receive fees in respect of participations in Letters of Credit pursuant to Section 3.05(b) for any period during which that Lender is a Defaulting Lender only to the
extent allocable to its Applicable Percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section 2.08(k). 

(B) The Borrower shall (1) pay to each Non-Defaulting Lender that portion of any fee otherwise payable to such Defaulting Lender with
respect to such Defaulting Lender’s participation in Letters of Credit that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (2) pay to each Issuing Bank, as applicable, the amount of any fee otherwise
payable to such Defaulting Lender to the extent allocable to such Issuing Bank’s Fronting Exposure to such Defaulting Lender, and (3) not be required to pay any other amount in respect of any fee payable pursuant to this clause (iii). 

(iv) Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in LC
Obligations shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that (x) the conditions
set forth in Section 6.02 are satisfied at the time of such reallocation (and, if requested by the Administrative Agent, the Borrower shall represent and warrant that such conditions are satisfied at such time), and (y) such reallocation
does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a
Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. 

  

					
		 	50	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (v) Cash Collateral. If the reallocation described in clause (iv) above cannot, or
can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, Cash Collateralize the Issuing Banks’ Fronting Exposure in accordance with the procedures set forth in
Section 2.08(k). 
 (b) If the Borrower, the Administrative Agent and each Issuing Bank agree in writing that a Lender is no longer a
Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash
Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans and funded and
unfunded participations in Letters of Credit to be held pro rata by the Lenders in accordance with the Commitments (without giving effect to Section 2.09(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that
no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly
agreed by the affected parties, no change hereunder from Defaulting Lender to a Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

(c) So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit
unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. 
 ARTICLE III 

PAYMENTS OF PRINCIPAL AND INTEREST; PREPAYMENTS; FEES 

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

(a) ABR Loans. The Loans comprising each ABR Borrowing shall bear interest on the principal balance thereof from time to time
outstanding at the Alternate Base Rate plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate. 
 (b) Eurodollar
Loans. The Loans comprising each Eurodollar Borrowing shall bear interest on the principal balance thereof from time to time outstanding at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin,
but in no event to exceed the Highest Lawful Rate. 
 (c) Post-Default Rate. Notwithstanding the foregoing, if any principal of or
interest on any Loan or any fee or other amount payable by any Credit Party hereunder or under any other Loan Document is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount from time to time
outstanding shall bear interest, after as well as before judgment, at a rate per annum equal to two percent (2%) plus the rate applicable to ABR Loans as provided in Section 3.02(a), but in no event to exceed the Highest Lawful Rate. 

  

					
		 	51	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (d) Interest Payment Dates. Accrued interest on each Loan shall be payable in arrears on
each Interest Payment Date for such Loan and on the Termination Date; provided that (i) interest accrued pursuant to Section 3.02(c) shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan
(other than an optional prepayment of an ABR Loan prior to the Termination Date), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment, and (iii) in the event of any conversion
of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. 

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

Section 3.03 Alternate Rate of Interest. If prior to the commencement of any Interest Period for a Eurodollar Borrowing: 

(a) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do
not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate for such Interest Period; or 
 (b) the Administrative Agent is advised
by the Majority Lenders that the Adjusted LIBO Rate or LIBO Rate, as applicable, for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing for such
Interest Period; 
 then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone or facsimile as promptly as
practicable thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Borrowing
to, or continuation of any Borrowing as, a Eurodollar Borrowing with such Interest Period shall be ineffective, and (ii) if any Borrowing Request requests a Eurodollar Borrowing with such Interest Period, such Borrowing shall be made either for
another Interest Period (subject to application of this Section 3.03 thereto) or as an ABR Borrowing or at an alternate rate of interest determined by the Majority Lenders as their cost of funds. 

Section 3.04 Prepayments. 

(a) Optional Prepayments. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in
part, subject to prior notice in accordance with Section 3.04(b). 

  

					
		 	52	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (b) Notice and Terms of Optional Prepayment. The Borrower shall notify the Administrative
Agent by telephone (confirmed by facsimile) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, three Business Days before the date of prepayment, or (ii) in
the case of prepayment of an ABR Borrowing, not later than 12:00 noon, New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion
thereof to be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.06(b), then such notice of prepayment may be revoked if such
notice of termination is revoked in accordance with Section 2.06(b). Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of
any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid
Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.02. 
 (c) Mandatory
Prepayments. 
 (i) If, after giving effect to any termination or reduction of the Aggregate Maximum Credit Amounts pursuant to
Section 2.06(b), or any reduction of the Aggregate Elected Commitment Amounts pursuant to Section 2.06(c), the total Revolving Credit Exposures exceeds the total Commitments, then the Borrower shall (A) prepay the Borrowings on the
date of such termination or reduction in an aggregate principal amount equal to such excess, and (B) if any excess remains after prepaying all of the Borrowings as a result of an LC Exposure, pay to the Administrative Agent on behalf of the
Lenders an amount equal to such excess to be held as Cash Collateral as provided in Section 2.08(j). 
 (ii) Upon any redetermination
of or adjustment to the amount of the Borrowing Base in accordance with Section 2.07 or Section 8.13(c), if there exists a Borrowing Base Deficiency, then the Borrower shall within ten (10) Business Days following receipt of the New
Borrowing Base Notice in accordance with Section 2.07(d) or the date the adjustment occurs, provide written notice (the “Election Notice”) to the Administrative Agent stating the action which the Borrower proposes to take to
eliminate such Borrowing Base Deficiency, and the Borrower shall thereafter, at its option, either 
 (A) within thirty (30) days
following its delivery of the Election Notice, by instruments reasonably satisfactory in form and substance to the Administrative Agent, provide the Administrative Agent with additional security consisting of Oil and Gas Properties with value and
quality satisfactory to the Administrative Agent and the Required Lenders in their sole discretion to eliminate such Borrowing Base Deficiency, 

(B) within thirty (30) days following its delivery of the Election Notice, prepay the Borrowings in an amount sufficient to eliminate
such Borrowing Base Deficiency and, if any Borrowing Base Deficiency remains after prepaying all of the Borrowings as a result of an LC Exposure, pay to the Administrative Agent on behalf of the Lenders an amount necessary to eliminate such
remaining Borrowing Base Deficiency to be held as Cash Collateral as provided in Section 2.08(j), 

  

					
		 	53	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (C) elect to prepay (and thereafter pay) the principal amount necessary to eliminate such
Borrowing Base Deficiency in not more than three (3) equal monthly installments plus accrued interest thereon with the first such monthly payment being due within thirty (30) days following its delivery of the Election Notice (and, if any
Borrowing Base Deficiency remains after prepaying all of the Borrowings as a result of an LC Exposure, pay to the Administrative Agent on behalf of the Lenders an amount necessary to eliminate such remaining Borrowing Base Deficiency to be held as
Cash Collateral as provided in Section 2.08(j)), or 
 (D) by any combination of prepayment and additional security as provided in the
preceding clauses (A), (B) or (C), eliminate such Borrowing Base Deficiency; provided that all payments required to be made pursuant to this Section 3.04(c)(ii) must be made on or prior to the Termination Date. 

(iii) Promptly following any sale, lease, conveyance, disposition or other transfer by any Credit Party of any of its Proved Reserves,
without duplication, or any termination or other monetization by any Credit Party of any Swap Agreement in respect of commodities, other than as permitted by Section 9.12, and immediately after giving effect thereto there exists a Borrowing
Base Deficiency, then the Borrower shall, within thirty (30) days following such occurrence, eliminate such Borrowing Base Deficiency from the Net Proceeds of such sale, lease, conveyance, disposition, transfer, termination or monetization.
Nothing in this paragraph is intended to permit any Credit Party to sell Property other than pursuant to Section 9.12, and any such non-permitted sale will constitute a breach of this Agreement. 

(iv) Each prepayment of Borrowings pursuant to this Section 3.04(c) shall be applied, first, ratably to any ABR Borrowings then
outstanding, and, second, to any Eurodollar Borrowings then outstanding, and if more than one Eurodollar Borrowing is then outstanding, to each such Eurodollar Borrowing in order of priority beginning with the Eurodollar Borrowing with the least
number of days remaining in the Interest Period applicable thereto and ending with the Eurodollar Borrowing with the most number of days remaining in the Interest Period applicable thereto. 

(v) Each prepayment of Borrowings pursuant to this Section 3.04(c) shall be applied ratably to the Loans included in the prepaid
Borrowings. Prepayments pursuant to this Section 3.04(c) shall be accompanied by accrued interest to the extent required by Section 3.02. 

(d) No Premium or Penalty. Prepayments permitted or required under this Section 3.04 shall be without premium, penalty or other
expense, except as required under Section 5.02 and Section 12.03. 
 Section 3.05 Fees. 

(a) Undrawn Facility Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Lender an undrawn facility
fee, which shall accrue at the 

  

					
		 	54	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
applicable Undrawn Facility Fee Rate on the average daily amount of the unused amount of the Commitment of such Lender during the period from the date of this Agreement and to but excluding the
Termination Date. Accrued undrawn facility fees shall be payable in arrears on the last day of March, June, September and December of each year and on the Termination Date, commencing on the first such date to occur after the date hereof. All
undrawn facility fees shall be computed on the basis of a year of 360 days, unless (and if applicable) such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in
a leap year), and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 
 (b)
Letter of Credit Fees. The Borrower agrees to pay (i) to the Administrative Agent for the account of each Lender a participation fee with respect to its participations in Letters of Credit, which shall accrue at the same Applicable
Margin used to determine the interest rate applicable to Eurodollar Loans on the average daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and
including the date of this Agreement to but excluding the later of the date on which such Lender’s Commitment terminates and the date on which such Lender ceases to have any LC Exposure, (ii) to the Issuing Bank a fronting fee, which shall
accrue at the rate of 0.20% per annum on the average daily amount of the LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the date of this Agreement to but excluding
the later of the date of termination of the Commitments and the date on which there ceases to be any LC Exposure, provided that in no event shall such fee be less than $500 during any quarter, and (iii) to the Issuing Bank, for its own
account, its standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Participation fees and fronting fees accrued through and including the last day of March, June,
September and December of each year shall be payable on the third Business Day following such last day, commencing on the first such date to occur after the date of this Agreement; provided that all such fees shall be payable on the
Termination Date and any such fees accruing after the Termination Date shall be payable on demand. Any other fees payable to the Issuing Bank pursuant to this Section 3.05(b) shall be payable within 10 days after demand. All participation fees
and fronting fees shall be computed on the basis of a year of 360 days, unless (and if applicable) such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a
leap year), and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 
 (c)
Administrative Agent Fees. The Borrower agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed upon in writing between the Borrower and the Administrative Agent. 

(d) Defaulting Lender Fees. Subject to Section 2.09, the Borrower shall not be obligated to pay the Administrative Agent any
Defaulting Lender’s ratable share of the fees described in Section 3.05(a) and (b) for the period commencing on the day such Defaulting Lender becomes a Defaulting Lender and continuing for so long as such Lender continues to be a
Defaulting Lender. 

  

					
		 	55	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 ARTICLE IV 

PAYMENTS; PRO RATA TREATMENT; SHARING OF SET-OFFS 

Section 4.01 Payments Generally; Pro Rata Treatment; Sharing of Set-offs. 

(a) Payments by the Borrower. The Borrower shall make each payment required to be made by it hereunder (whether of principal, interest,
fees or reimbursement of LC Disbursements, or of amounts payable under Section 5.01, Section 5.02, Section 5.03 or otherwise) prior to 12:00 noon, New York City time, on the date when due, in immediately available funds, without
defense, deduction, recoupment, set-off or counterclaim. Fees, once paid, shall be fully earned and shall not be refundable under any circumstances. Any amounts received after such time on any date may, in the discretion of the Administrative Agent,
be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices specified in Section 12.01, except payments to be made
directly to the Issuing Bank as expressly provided herein and except that payments pursuant to Section 5.01, Section 5.02, Section 5.03 and Section 12.03 shall be made directly to the Persons entitled thereto. The Administrative
Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for
payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in dollars. 

(b) Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Administrative Agent
to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled
thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance
with the amounts of principal and unreimbursed LC Disbursements then due to such parties. 
 (c) Sharing of Payments by Lenders. If
any Lender shall, by exercising any right of set-off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Loans or participations in LC Disbursements resulting in such Lender receiving payment of a
greater proportion of the aggregate amount of its Loans and participations in LC Disbursements and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash
at face value) participations in the Loans and participations in LC Disbursements of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of
principal of and accrued interest on their respective Loans and participations in LC Disbursements; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such
participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this Section 4.01(c) shall not be construed to apply to any payment made by the Borrower
pursuant to and in accordance with the express terms of this 

  

					
		 	56	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements to any assignee or
participant, other than to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this Section 4.01(c) shall apply); provided further that in the event that any Defaulting Lender shall exercise any such
right of setoff, counterclaim or other similar right (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 4.03 and, pending such payment,
shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, any Issuing Bank, and the Lenders, and (y) the Defaulting Lender shall provide promptly to the
Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The Borrower consents to the foregoing and agrees, to the extent it may effectively do so
under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct
creditor of the Borrower in the amount of such participation. 
 Section 4.02 Presumption of Payment by the Borrower. Unless the
Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the Issuing Bank that the Borrower will not make such payment, the
Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the Issuing Bank, as the case may be, the amount due. In such event,
if the Borrower has not in fact made such payment, then each of the Lenders or the Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank
with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation. 
 Section 4.03 Disposition of
Proceeds. The Security Instruments contain an assignment by each Credit Party unto and in favor of the Administrative Agent for the benefit of the Secured Parties of all of such Credit Party’s interest in and to production and all proceeds
attributable thereto which may be produced from or allocated to the Mortgaged Property. The Security Instruments further provide in general for the application of such proceeds to the satisfaction of the Secured Obligations and other obligations
described therein and secured thereby. Notwithstanding the assignment contained in such Security Instruments or any other Loan Document, until the occurrence of an Event of Default (and then, only during the continuance thereof), (a) the
Administrative Agent and the Lenders agree that they will neither notify the purchaser or purchasers of such production nor take any other action to cause such proceeds to be remitted to the Administrative Agent or the Lenders, but the Lenders will
instead permit such proceeds to be paid to and used by the Credit Parties and (b) the Lenders hereby authorize the Administrative Agent to take such actions as may be necessary to cause such proceeds to be paid to the applicable Credit Party.

  

					
		 	57	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 ARTICLE V 

INCREASED COSTS; BREAK FUNDING PAYMENTS; TAXES; ILLEGALITY 

Section 5.01 Increased Costs. 

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

(i) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account
of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate); 
 (ii) subject any
Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit,
commitments or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or 
 (iii) impose on any
Lender or the London interbank market any other condition affecting this Agreement or Eurodollar Loans made by such Lender; 
 and the result of any of the
foregoing shall be to increase the cost to such Lender of making or maintaining any Eurodollar Loan (or of maintaining its obligation to make any such Loan) or to reduce the amount of any sum received or receivable by such Lender (whether of
principal, interest or otherwise), then the Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender for such additional costs incurred or reduction suffered. 

(b) Capital Requirements. If any Lender or the Issuing Bank determines that any Change in Law regarding capital or liquidity
requirements has or would have the effect of reducing the rate of return on such Lender’s or the Issuing Bank’s capital or on the capital of such Lender’s or the Issuing Bank’s holding company, if any, as a consequence of this
Agreement or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by the Issuing Bank, to a level below that which such Lender or the Issuing Bank or such Lender’s or the Issuing
Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or the Issuing Bank’s policies and the policies of such Lender’s or the Issuing Bank’s holding company with
respect to capital adequacy and liquidity), then from time to time the Borrower will pay to such Lender or the Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Bank or such
Lender’s or the Issuing Bank’s holding company for any such reduction suffered; provided, however, no Lender or Issuing Bank shall claim, or be entitled to claim, from the Borrower the payment of any amount referred to in this
Section 5.01(b) if it is not generally claiming similar compensation from other similar customers in similar circumstances. 
 (c)
Certificates. A certificate of a Lender or the Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or the Issuing Bank or its holding company, as the case may be, as specified in Section 5.01(a) or
(b) shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender or the Issuing Bank, as the case may be, the amount shown as due on any such certificate within 10 days after receipt
thereof. 

  

					
		 	58	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (d) Effect of Failure or Delay in Requesting Compensation. Failure or delay on the part of
any Lender or the Issuing Bank to demand compensation pursuant to this Section 5.01 shall not constitute a waiver of such Lender’s or the Issuing Bank’s right to demand such compensation; provided that the Borrower shall not be
required to compensate a Lender or the Issuing Bank pursuant to this Section 5.01 for any increased costs or reductions incurred more than 180 days prior to the date that such Lender or the Issuing Bank, as the case may be, notifies the
Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or the Issuing Bank’s intention to claim compensation therefor; provided further that, if the Change in Law giving rise to such
increased costs or reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 

Section 5.02 Break Funding Payments. In the event of (a) the payment of any principal of any Eurodollar Loan other than on
the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurodollar Loan into an ABR Loan other than on the last day of the Interest Period applicable thereto, (c) the
failure to borrow, convert, continue or prepay any Eurodollar Loan on the date specified in any notice delivered pursuant hereto, or (d) the assignment of any Eurodollar Loan other than on the last day of the Interest Period applicable thereto
as a result of a request by the Borrower pursuant to Section 5.04(b), then, in any such event, the Borrower shall compensate each Lender for the loss, cost and expense attributable to such event. In the case of a Eurodollar Loan, such loss,
cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such Loan had such event not occurred, at
the LIBO Rate that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that
would have been the Interest Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount for such period at the interest rate which such Lender would bid were it to bid, at the commencement of such
period, for dollar deposits of a comparable amount and period from other banks in the eurodollar market. 
 A certificate of any Lender setting forth any
amount or amounts that such Lender is entitled to receive pursuant to this Section 5.02 shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such
certificate within 10 days after receipt thereof. 
 Section 5.03 Taxes. 

(a) Payments Free of Taxes. Any and all payments by or on account of any obligation of any Credit Party under any Loan Document shall
be made without deduction or withholding for any Taxes, except as required by applicable law. If any applicable law (as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from
any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance
with applicable law and, if such Tax is an Indemnified Tax, then the sum payable by the applicable Credit Party shall be increased as necessary so that after such deduction or withholding has been made (including such deductions and withholdings
applicable to additional sums payable under this Section) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made. 

  

					
		 	59	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

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

(c) Indemnification by the Borrower. The Credit Parties shall jointly and severally indemnify each Recipient, within 10 days after the
Borrower’s receipt of written demand therefor and certificate hereinafter provided for, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this
Section 5.03) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such
Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate of the Administrative Agent, a Lender or the Issuing Bank as to the amount of such payment or liability under this
Section 5.03 shall be delivered to the Borrower and shall be conclusive absent manifest error. 
 (d) Indemnification by the
Lenders. Each Lender shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that the Borrower has not already indemnified
the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Borrower to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 12.04(c) relating to the
maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising
therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the
Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the
Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this paragraph (d). 
 (e)
Evidence of Payments. As soon as practicable after any payment of Taxes by a Credit Party to a Governmental Authority pursuant to this Section 5.03, the Borrower shall deliver to the Administrative Agent the original or a certified copy
of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

(f) Status of Lenders. (i) Any Lender that is entitled to an exemption from or reduction of withholding tax with respect to
payments made under any Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent, such properly completed and
executed documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made 

  

					
		 	60	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

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

(A) any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or prior to the date on which such Lender
becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed originals of IRS Form W-9 (or any successor form) certifying that such Lender is exempt from
U.S. federal backup withholding tax; 
 (B) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the
Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter at the time or times
upon the reasonable request of the Borrower or the Administrative Agent), whichever of the following is applicable: 
 (1) in the case of a
Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN (or any successor form) establishing an
exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN (or any successor form)
establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 

(2) executed originals of IRS Form W-8ECI (or any successor form); 

(3) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code,
(x) a certificate substantially in the form of Exhibit H-1 to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within
the meaning of Section 871(h)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals of IRS
Form W-8BEN (or any successor form); or 

  

					
		 	61	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (4) to the extent a Foreign Lender is not the beneficial owner, executed originals of IRS Form
W-8IMY (or any successor form), accompanied by IRS Form W-8ECI (or any successor form), IRS Form W-8BEN (or any successor form), a U.S. Tax Compliance Certificate substantially in the form of Exhibit H-2 or Exhibit H-3, IRS Form W-9 (or any
successor form), and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio
interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit H-4 on behalf of each such direct and indirect partner; 

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

(D) if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender
were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent, at the time
or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent, such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such
additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their respective obligations under FATCA, to determine that such Lender has
complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the date of this
Agreement. 
 Each Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any
respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so. 

(g) Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has received a
refund of any Taxes as to which it has been indemnified pursuant to this Section 5.03 (including by the payment of additional amounts pursuant to this Section 5.03), it shall pay to the indemnifying party an amount equal to such refund
(but only to the extent of indemnity payments made under this Section 5.03 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any
interest paid by the relevant 

  

					
		 	62	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to
this Section 5.03(g) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding
anything to the contrary in this Section 5.03(g), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this Section 5.03(g) the payment of which would place the indemnified party in a
less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or
additional amounts with respect to such Tax had never been paid. This Section 5.03(g) shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems
confidential) to the indemnifying party or any other Person. 
 (h) Defined Terms. For purposes of this Section 5.03, the term
“Lender” includes any Issuing Bank and the term “applicable law” includes FATCA. 
 Section 5.04 Mitigation
Obligations; Replacement of Lenders. 
 (a) Designation of Different Lending Office. If (i) any Lender requests compensation
under Section 5.01, (ii) the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 5.03, or (iii) any Lender gives a notice pursuant to
Section 5.05, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or Affiliates,
if, in the judgment of such Lender, such designation or assignment (1) would eliminate or reduce amounts payable pursuant to Section 5.01 or Section 5.03, as the case may be, in the future, or eliminate the need for the notice
pursuant to Section 5.05, as applicable, and (2) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and
expenses incurred by any Lender in connection with any such designation or assignment. 
 (b) Replacement of Lenders. If (i) any
Lender requests compensation under Section 5.01 or gives a notice pursuant to Section 5.05, and in each case does not designate a different lending office or make an assignment as contemplated in Section 5.04(a), (ii) the
Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 5.03, (iii) any Lender becomes a Defaulting Lender hereunder, or (iv) if any Lender is a
Dissenting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions
contained in Section 12.04(b)), all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that
(i) the Borrower shall have received the prior written consent of the Administrative Agent, which consent shall not unreasonably be withheld, (ii) such Lender shall have received payment of an amount equal to the outstanding principal of
its Loans and participations in LC Disbursements, accrued interest thereon, accrued 

  

					
		 	63	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other
amounts) and (iii) in the case of any such assignment resulting from a claim for compensation under Section 5.01 or payments required to be made pursuant to Section 5.03, such assignment will result in a reduction in such compensation
or payments. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease
to apply. 
 Section 5.05 Illegality. Notwithstanding any other provision of this Agreement, in the event that it becomes
unlawful for any Lender or its applicable lending office to honor its obligation to make or maintain Eurodollar Loans either generally or having a particular Interest Period hereunder, then (a) such Lender shall promptly notify the Borrower and
the Administrative Agent thereof and such Lender’s obligation to make such Eurodollar Loans shall be suspended (the “Affected Loans”) until such time as such Lender may again make and maintain such Eurodollar Loans and
(b) all Affected Loans which would otherwise be made by such Lender shall be made instead as ABR Loans (and, if such Lender so requests by notice to the Borrower and the Administrative Agent, all Affected Loans of such Lender then outstanding
shall be automatically converted into ABR Loans on the date specified by such Lender in such notice) and, to the extent that Affected Loans are so made as (or converted into) ABR Loans, all payments of principal which would otherwise be applied to
such Lender’s Affected Loans shall be applied instead to its ABR Loans. 
 ARTICLE VI 

CONDITIONS PRECEDENT 

Section 6.01 Effective Date. The obligations of the Lenders to make Loans and of the Issuing Bank to issue Letters of Credit
hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 12.02): 

(a) The Administrative Agent, the Arranger and the Lenders shall have received all fees and amounts agreed in writing and due and payable to
each of them on or prior to the Effective Date, and, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder. 

(b) The Administrative Agent shall have received a certificate of the Secretary or an Assistant Secretary of each Credit Party setting forth
(i) resolutions of its board of directors (or comparable governing body) with respect to the authorization of such Person to execute and deliver the Loan Documents to which it is a party and to enter into the transactions contemplated in those
documents, (ii) the officers of such Person (y) who are authorized to sign the Loan Documents to which such Person is a party and (z) who will, until replaced by another officer or officers duly authorized for that purpose, act as its
representative for the purposes of signing documents and giving notices and other communications in connection with this Agreement and the transactions contemplated hereby, (iii) specimen signatures of such authorized officers, and
(iv) the articles or certificate of incorporation and bylaws (or comparable organizational documents for any Credit Parties that are not corporations) of such Person, certified as being true and complete. The Administrative Agent and the
Lenders may conclusively rely on such certificate until the Administrative Agent receives notice in writing from the Borrower to the contrary. 

  

					
		 	64	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (c) The Administrative Agent shall have received certificates of the appropriate State agencies
with respect to the existence, qualification and good standing of each Credit Party, in each case, in their respective jurisdiction of organization and in any other jurisdiction in which they own material Property. 

(d) The Administrative Agent shall have received from each party hereto counterparts (in such number as may be requested by the Administrative
Agent) of this Agreement signed on behalf of such party. 
 (e) The Administrative Agent shall have received duly executed Notes payable to
each Lender requesting a Note in a principal amount equal to its Maximum Credit Amount dated as of the date hereof. 
 (f) The
Administrative Agent shall have received from each party thereto duly executed counterparts (in such number as may be requested by the Administrative Agent) of the Security Instruments described on Exhibit E, including mortgages or amendments to
existing mortgages such that the Administrative Agent shall be satisfied that such Security Instruments create first priority, perfected Liens (subject only to Excepted Liens identified in clauses (a) to (d), (f), (i) and (j) of the
definition thereof, but subject to the provisos at the end of such definition) on at least 80% of the value of the Credit Parties’ Proved Reserves evaluated in the Initial Reserve Report. 

(g) The Administrative Agent shall have received title information as the Administrative Agent may require satisfactory to the Administrative
Agent setting forth the status of title to at least 80% of the total value of the Credit Parties’ Proved Reserves evaluated in the Initial Reserve Report. 

(h) The Administrative Agent shall have received the Initial Reserve Report accompanied by a certificate covering the matters described in
Section 8.12(c). 
 (i) The Administrative Agent shall have received an opinion of (i) Fulbright & Jaworski LLP, special
counsel to the Borrower, and (ii) Thompson Hine LLP, local counsel in the State of Ohio, in each case in form and substance reasonably acceptable to the Administrative Agent. 

(j) The Administrative Agent shall have received a certificate of insurance coverage of the Credit Parties evidencing that the Credit Parties
are carrying insurance in accordance with Section 7.12. 
 (k) The Administrative Agent shall have received, and satisfactorily
completed its review of, all due diligence information regarding the Group Members as it shall have requested including, without limitation, information regarding litigation, tax matters, accounting matters, insurance matters, labor matters, pension
liabilities (actual or contingent), real estate leases, material contracts, debt agreements, property ownership, contingent liabilities and other legal matters of the Group Members. 

  

					
		 	65	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (l) The Administrative Agent shall have received a certificate of a Responsible Officer of the
Borrower certifying that the Credit Parties have received all consents and approvals required by Section 7.03. 
 (m) The
Administrative Agent shall have received the financial statements referred to in Section 7.04(a). 
 (n) The Administrative Agent shall
have received appropriate UCC search certificates and county-level real property record search results reflecting no prior Liens encumbering the Properties of the Credit Parties (other than Liens permitted by Section 9.03) for each jurisdiction
reasonably requested by the Administrative Agent. 
 (o) The Administrative Agent shall have received from the Credit Parties, to the extent
requested by the Lenders or the Administrative Agent, all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA
Patriot Act. 
 (p) The Administrative Agent shall have received such other documents as the Administrative Agent or special counsel to the
Administrative Agent may reasonably request. 
 Without limiting the generality of the provisions of Section 11.04, for purposes of
determining compliance with the conditions specified in this Section 6.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required
under this Section 6.01 to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the Effective Date specifying its objection thereto. All
documents executed or submitted pursuant to this Section 6.01 by and on behalf of the any Group Member shall be in form and substance reasonably satisfactory to the Administrative Agent. The Administrative Agent shall notify the Borrower and
the Lenders of the Effective Date, and such notice shall be conclusive and binding. 
 Section 6.02 Each Credit Event. The
obligation of each Lender to make a Loan on the occasion of any Borrowing (including the initial funding), and of the Issuing Bank to issue, amend, renew or extend any Letter of Credit, is subject to the satisfaction of the following conditions:

 (a) At the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter
of Credit, as applicable, no Default or Borrowing Base Deficiency shall have occurred and be continuing. 
 (b) The representations and
warranties of Group Members set forth in this Agreement and in the other Loan Documents shall be true and correct in all material respects on and as of the date of such Borrowing or the date of issuance, amendment, renewal or extension of such
Letter of Credit, as applicable, except that (i) to the extent any such representations and warranties are expressly limited to an earlier date, in which case, on and as of the date of such Borrowing or the date of issuance, amendment, renewal
or extension of such Letter of Credit, as applicable, such representations and warranties shall continue to be true and correct in all material respects as of such specified earlier date and (ii) to the extent that any such representation and
warranty is qualified by materiality, such representation and warranty (as so qualified) shall continue to be true and correct in all respects. 

  

					
		 	66	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

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

Each request for a Borrowing and each request for the issuance, amendment, renewal or extension of any Letter of Credit shall be deemed to
constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in Section 6.02(a) and (b). 

ARTICLE VII 

REPRESENTATIONS AND WARRANTIES 

Each of Ultimate Parent and the Borrower hereby represents and warrants to the Lenders that: 

Section 7.01 Organization; Powers. Each of the Group Members is duly organized, validly existing and in good standing under the
laws of the jurisdiction of its organization, has all requisite corporate or equivalent power and authority, and has all material governmental licenses, authorizations, consents and approvals necessary, to own its assets and to carry on its business
as now conducted, and is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required, except where failure to have such power, authority, licenses, authorizations, consents, approvals and
qualifications could not reasonably be expected to have a Material Adverse Effect. 
 Section 7.02 Authority; Enforceability.
The Transactions are within the corporate or equivalent powers of each Credit Party and have been duly authorized by all necessary corporate or equivalent and, if required, stockholder action (including, without limitation, any action required to be
taken by any class of directors of Ultimate Parent, the Borrower or any other Person, whether interested or disinterested, in order to ensure the due authorization of the Transactions). Each Loan Document to which a Credit Party is a party has been
duly executed and delivered by such Credit Party and constitutes a legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other
laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

Section 7.03 Approvals; No Conflicts. The Transactions (a) do not require any consent or approval of, registration or filing
with, or any other action by, any Governmental Authority or any other third Person (including shareholders or any class of directors, whether interested or disinterested, of Ultimate Parent, the Borrower or any other Person) to be obtained or made
by any Credit Party, nor is any such consent, approval, registration, filing or other action necessary for the validity or enforceability of any Loan Document against such Credit Party or the consummation of the transactions contemplated thereby by
such Credit Party, except such as have been obtained or made and are in full force and effect other than (i) the recording and filing of the Security Instruments as required by this Agreement and (ii) those third party approvals or

  

					
		 	67	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
consents which, if not made or obtained, would not cause a Default hereunder, could not reasonably be expected to have a Material Adverse Effect or do not have an adverse effect on the
enforceability of the Loan Documents, (b) will not violate any law or regulation applicable to, or the charter, bylaws or other organizational documents of, any Group Member or any order of any Governmental Authority applicable to any Credit
Party, (c) will not result in a breach of, or default under, any indenture, financing agreement or other material instrument binding upon any Group Member or any of their Proved Reserves or other material Properties (including, without
limitation, any Permitted 2013 Bond Document), or give rise to a right thereunder to require any payment to be made by the Borrower or such Restricted Subsidiary, and (d) will not result in the creation or imposition of any Lien on any Property
of any Group Member (other than the Liens created by the Loan Documents). 
 Section 7.04 Financial Condition; No Material Adverse
Change. 
 (a) The Borrower or Ultimate Parent, as applicable, has heretofore furnished to the Lenders (i) the audited balance
sheet and related statements of income or operations, stockholders equity and cash flows of the Borrower as of and for the fiscal year ended December 31, 2013, reported on by Grant Thornton LLP (without a “going concern” or like
qualification or exception and without any qualification or exception as to the scope of such audit) to the effect that such financial statements present fairly in all material respects the financial condition and results of operations of the
Borrower and its Consolidated Subsidiaries as of such date and for such period in accordance with GAAP consistently applied and (ii) the unaudited balance sheet and related statements of income or operations, stockholders equity and cash flows
of Ultimate Parent as of and for the fiscal quarter and the portion of the fiscal year ended September 30, 2014. Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows
of the Borrower and its Consolidated Subsidiaries, or Ultimate Parent and its Consolidated Subsidiaries, as applicable, as of such dates and for such periods in accordance with GAAP, subject to year-end audit adjustments, reclassifications and the
absence of footnotes in the case of the unaudited quarterly financial statements. 
 (b) Since December 31, 2013, there has been no
event, development or circumstance that has had or could reasonably be expected to have a Material Adverse Effect. No event, development or circumstance that has had or could reasonably be expected to have a Material Adverse Effect is disclosed in
the Borrower’s consolidated audited balance sheet and related statements of income or operations, stockholders equity and cash flows for the fiscal year ended December 31, 2013. 

(c) On the date hereof, no Credit Party has any material Debt (including Disqualified Capital Stock) or contingent liabilities, off-balance
sheet liabilities or partnerships, liabilities for taxes, unusual forward or long-term commitments or unrealized or anticipated losses from any unfavorable commitments, except as referred to or reflected or provided for in the Financial Statements.

 Section 7.05 Litigation. 

(a) Except as set forth on Schedule 7.05, there are no actions, suits, investigations or proceedings by or before any arbitrator or
Governmental Authority pending 

  

					
		 	68	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
against or, to the knowledge of the Borrower, threatened in writing against any Group Member (i) not fully covered by insurance (except for normal deductibles), which if adversely
determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect, or (ii) that challenge the validity or enforceability of any Loan Document or any provisions thereof or the Transactions. 

(b) Since the date of this Agreement, there has been no change in the status of the matters disclosed in Schedule 7.05 that, individually
or in the aggregate, has resulted in, or materially increased the likelihood of, a Material Adverse Effect. 
 Section 7.06
Environmental Matters. Except for such matters as set forth on Schedule 7.06 or that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect: 

(a) each Group Member and each of their respective Properties and operations thereon are, and within all applicable statute of limitation
periods have been, in compliance with all applicable Environmental Laws; 
 (b) each Group Member has obtained all Environmental Permits
required for their respective operations as currently conducted and each of their Properties, with all such Environmental Permits being currently in full force and effect, and no Group Member has received any written notice or otherwise has
knowledge that any such existing Environmental Permit will be revoked or that any application for any new Environmental Permit or renewal of any existing Environmental Permit will be protested or denied; 

(c) there are no written claims or demands, suits, orders, inquiries, or proceedings concerning any violation of, or any liability (including
as a potentially responsible party) under, any applicable Environmental Laws that is pending or, to the Borrower’s knowledge, threatened against any Group Member or any of their respective Properties or as a result of any operations at such
Properties; 
 (d) none of the Properties of any Group Member contain or have contained any: (i) underground storage tanks;
(ii) asbestos-containing materials; (iii) landfills or dumps; (iv) hazardous waste management units as defined pursuant to RCRA or any comparable state law; or (v) sites on or nominated for the National Priority List promulgated
pursuant to CERCLA or any state remedial priority list promulgated or published pursuant to any comparable state law; 
 (e) there has been
no Release or threatened Release, of Hazardous Materials at, on, under or from any Group Member’s Properties except in compliance with Environmental Laws, there are no investigations, remediations, abatements, removals, or monitorings of
Hazardous Materials required under applicable Environmental Laws at such Properties and, to the knowledge of the Borrower, none of such Properties are adversely affected by any Release or threatened Release of a Hazardous Material originating or
emanating from any other real property; 
 (f) no Group Member has received any written notice asserting an alleged liability or obligation
under any applicable Environmental Laws with respect to the investigation, remediation, abatement, removal, or monitoring of any Hazardous Materials at, under, or Released or threatened to be Released from any real properties offsite any Group
Member’s Properties; 

  

					
		 	69	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

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

(h) each Group Member has made available to the Lenders complete and correct copies of all environmental site assessment reports,
investigations, studies, analyses, and material correspondence on environmental matters (including matters relating to any alleged non-compliance with or liability under Environmental Laws) that are in any of the Group Members’ possession or
control and or operations thereon. 
 Section 7.07 Compliance with the Laws and Agreements; No Defaults. 

(a) Each Group Member is in compliance with all Governmental Requirements applicable to it or its Proved Reserves and other material Property
and all agreements and other instruments binding upon it or such Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of such Property and the conduct of
its business, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

(b) No Group Member is in default nor has any event or circumstance occurred which, but for the expiration of any applicable grace period or
the giving of notice, or both, would constitute a default or would require such Group Member to Redeem or make any offer to Redeem under any indenture, note, credit agreement or instrument pursuant to which any Material Indebtedness is outstanding
or by which any Group Member or any of their respective Properties is bound. 
 (c) No Default or Borrowing Base Deficiency has occurred and
is continuing. 
 Section 7.08 Investment Company Act. No Group Member is an “investment company” within the meaning
of the Investment Company Act of 1940, as amended. 
 Section 7.09 Taxes. Each Group Member has timely (taking into account any
applicable extensions available and permitted under applicable law) filed or caused to be filed all Tax returns and reports required to have been filed by it and has paid or caused to be paid all Taxes required to have been paid by it, except
(a) Taxes that are being contested in good faith by appropriate proceedings and for which the applicable Group Member has set aside on its books adequate reserves in accordance with GAAP or (b) to the extent that the failure to do so could
not reasonably be expected to result in a Material Adverse Effect. The charges, accruals and reserves on the books of the Group Members in respect of Taxes and other governmental charges are, in the reasonable opinion of the Borrower, adequate. No
Tax Lien (other than an Excepted Lien) has been filed with respect to the Properties of any Group Member and, to the knowledge of the Borrower, no written claim is being asserted by any Governmental Authority with respect to any material unpaid Tax
that could give rise to any such Tax Lien. 

  

					
		 	70	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 Section 7.10 ERISA. 

(a) Ultimate Parent, the Borrower, each of their respective Subsidiaries and each ERISA Affiliate have complied in all material respects with
ERISA and, where applicable, the Code regarding each Plan. 
 (b) Each Plan is, and has been, established and maintained in substantial
compliance with its terms, ERISA and, where applicable, the Code. 
 (c) Except as would not reasonably be expected to result in a Material
Adverse Effect, no ERISA Event has occurred or is reasonably expected to occur. 
 (d) Except as would not reasonably be expected to result
in a Material Adverse Effect, no act, omission or transaction has occurred which could result in imposition on Ultimate Parent, any of its Subsidiaries, or any ERISA Affiliate (whether directly or indirectly) of (i) either a civil penalty
assessed pursuant to subsections (c), (i), (l) or (m) of section 502 of ERISA or a tax imposed pursuant to Chapter 43 of Subtitle D of the Code or (ii) breach of fiduciary duty liability damages under section 409 of ERISA. 

(e) Full payment when due has been made of all amounts which Ultimate Parent, the Borrower, each of their respective Subsidiaries or any ERISA
Affiliate is required under the terms of each Plan or applicable law to have paid as contributions to such Plan as of the date hereof. 

Section 7.11 Disclosure; No Material Misstatements. Each of Ultimate Parent and the Borrower has disclosed to the Administrative
Agent and the Lenders all agreements, instruments and corporate or other restrictions to which it or any of their respective Restricted Subsidiaries is subject, and all other matters known to it, that, individually or in the aggregate, could
reasonably be expected to result in a Material Adverse Effect. None of the other reports, financial statements, certificates or other information furnished by or on behalf of Ultimate Parent or the Borrower or any Restricted Subsidiary to the
Administrative Agent or any Lender or any of their Affiliates in connection with the negotiation of this Agreement or any other Loan Document or delivered hereunder or under any other Loan Document (as modified or supplemented by other information
so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that, with respect
to projected financial information, Ultimate Parent and the Borrower represent only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time. There are no statements or conclusions in any Reserve
Report which are based upon or include misleading information or fail to take into account material information regarding the matters reported therein, it being understood that projections concerning volumes attributable to the Oil and Gas
Properties of the Group Members and production and cost estimates contained in each Reserve Report are necessarily based upon professional opinions, estimates and projections and that the Credit Parties do not warrant that such opinions, estimates
and projections will ultimately prove to have been accurate. 

  

					
		 	71	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 Section 7.12 Insurance. Ultimate Parent has, and has caused all of its Restricted
Subsidiaries to have, (a) all insurance policies sufficient for the compliance by each of them with all material Governmental Requirements and all material agreements and (b) insurance coverage in at least amounts and against such risk
(including, without limitation, public liability) that are usually insured against by companies similarly situated and engaged in the same or a similar business for the assets and operations of the Group Members. The Administrative Agent and the
Lenders have been named as additional insureds in respect of such liability insurance policies and the Administrative Agent has been named as loss payee with respect to Property loss insurance. 

Section 7.13 Restriction on Liens. No Group Member is a party to any material agreement or arrangement (other than Capital Leases
creating Liens permitted by Section 9.03(d), but then only on the Property subject of such Capital Lease), or subject to any order, judgment, writ or decree, which either restricts or purports to restrict its ability to grant Liens to the
Administrative Agent for the benefit of the Secured Parties on or in respect of their Properties (other than any such Properties excluded from collateral herefor under the provisions of any Loan Document) to secure the Secured Obligations and the
Loan Documents. 
 Section 7.14 Subsidiaries. Except as set forth on Schedule 7.14 or as disclosed in writing to the
Administrative Agent (which shall promptly furnish a copy to the Lenders), which shall be a supplement to Schedule 7.14, Ultimate Parent has no Subsidiaries and the Borrower has no Foreign Subsidiaries. Each Restricted Subsidiary on such
schedule is a Wholly-Owned Subsidiary. Schedule 7.14 identifies each Subsidiary as either a Restricted Subsidiary or an Unrestricted Subsidiary. 

Section 7.15 Location of Business and Offices. The Borrower’s jurisdiction of organization is the State of Delaware; the name
of the Borrower as listed in the public records of its jurisdiction of organization is Eclipse Resources I, LP; and the organizational identification number of the Borrower in its jurisdiction of organization is 4929500 (or, in each case, as set
forth in a notice delivered to the Administrative Agent pursuant to Section 8.01(j) in accordance with Section 12.01). The Borrower’s principal place of business and chief executive offices are located at the address specified in
Section 12.01 (or as set forth in a notice delivered pursuant to Section 8.01(j) and Section 12.01(c)). Ultimate Parent’s and each Restricted Subsidiary’s (other than Borrower’s) jurisdiction of organization, name as
listed in the public records of its jurisdiction of organization, organizational identification number in its jurisdiction of organization, and the location of its principal place of business and chief executive office is stated on
Schedule 7.14 (or as set forth in a notice delivered pursuant to Section 8.01(j)). 
 Section 7.16 Properties; Titles,
Etc. 
 (a) Subject to Immaterial Title Deficiencies, each Credit Party has good and defensible title to the Oil and Gas Properties
evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.03. After giving full effect to Immaterial Title Deficiencies
and Excepted Liens, the Credit Party specified as the owner owns the net interests in production attributable to the Hydrocarbon Interests as reflected in the most recently delivered Reserve Report, and the ownership of such Properties shall not in
any material respect obligate such 

  

					
		 	72	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
Credit Party to bear the costs and expenses relating to the maintenance, development and operations of each such Property in an amount in excess of the working interest of each Property set forth
in the most recently delivered Reserve Report that is not offset by a corresponding proportionate increase in such Credit Party’s net revenue interest in such Property. 

(b) All material leases and agreements necessary for the conduct of the business of the Group Members are valid and subsisting, in full force
and effect, and there exists no default or event or circumstance which with the giving of notice or the passage of time or both would give rise to a default under any such lease or leases, which could reasonably be expected to have a Material
Adverse Effect. 
 (c) The rights and Properties presently owned, leased or licensed by the Group Members including, without limitation, all
easements and rights of way, include all rights and Properties necessary to permit the Group Members to conduct their business in all material respects in the same manner as its business has been conducted prior to the date hereof. 

(d) All of the Properties of the Group Members which are reasonably necessary for the operation of their businesses are in good working
condition, ordinary wear and tear excepted, and are maintained in accordance with prudent business standards for companies engaged in the business of oil and gas exploration and production. 

(e) Each Group Member owns, or is licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual Property material to
its business, and the use thereof by such Group Member does not infringe upon the rights of any other Person, except for any such infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect. Each Group Member either owns or has valid licenses or other rights to use all databases, geological data, geophysical data, engineering data, seismic data, maps, interpretations and other technical information used in its business as
presently conducted, subject to the limitations contained in the agreements governing the use of the same, which limitations are customary for companies engaged in the business of the exploration and production of Hydrocarbons, with such exceptions
as could not reasonably be expected to have a Material Adverse Effect. 
 Section 7.17 Maintenance of Properties. Except for
such acts or failures to act as could not be reasonably expected to have a Material Adverse Effect, the Oil and Gas Properties (and Properties unitized therewith) of the Group Members have been maintained, operated and developed in a good and
workmanlike manner and in conformity with all Governmental Requirements and in conformity with the provisions of all leases, subleases or other contracts comprising a part of the Hydrocarbon Interests and other contracts and agreements forming a
part of the Oil and Gas Properties of the Group Members. Specifically in connection with the foregoing, except for those as could not be reasonably expected to have a Material Adverse Effect, (i) no Oil and Gas Property of any Group Member is
subject to having allowable production reduced below the full and regular allowable (including the maximum permissible tolerance) because of any overproduction (whether or not the same was permissible at the time) and (ii) none of the producing
Wells comprising a part of the Oil and Gas Properties (or Properties unitized therewith) of the Group Members is deviated from the vertical more than the maximum permitted by Governmental Requirements, and such Wells are, in fact, bottomed

  

					
		 	73	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
under and are producing from the Oil and Gas Properties (or in the case of wells located on Properties unitized therewith, such unitized Properties) of such Group Member. All pipelines, wells,
gas processing plants, platforms and other material improvements, fixtures and equipment owned or controlled by the Credit Parties that are necessary to conduct normal operations are being maintained in a state adequate to conduct normal operations,
and with respect to such of the foregoing which are operated by the Credit Parties, in a manner consistent with such Credit Parties’ past practices (other than those the failure of which to maintain in accordance with this Section 7.17
could not reasonably be expected to have a Material Adverse Effect). 
 Section 7.18 Gas Imbalances, Prepayments. Except as set
forth on Schedule 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take or pay or other prepayments which would require any Credit Party to deliver Hydrocarbons
produced from its Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding one-half bcf of gas (on an mcf equivalent basis) in the aggregate. 

Section 7.19 Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.19, and
thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report (with respect to all of which contracts each of Ultimate Parent and the Borrower represents that the relevant Credit Party
is receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity),
no material agreements exist which are not cancelable on 60 days’ notice or less without penalty or detriment for the sale of production from the Credit Parties’ Hydrocarbons (including, without limitation, calls on or other rights to
purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of longer than six (6) months from the date hereof. 

Section 7.20 Swap Agreements and Eligible Contract Participant. Schedule 7.20, as of the date hereof, and after the date
hereof, each report required to be delivered by the Borrower pursuant to Section 8.01(d), sets forth, a true and complete list of all Swap Agreements of each Credit Party, the material terms thereof (including the type, term, effective date,
termination date and notional amounts or volumes), all credit support agreements (other than the Security Instruments) relating thereto (including any margin required or supplied thereunder) and the counterparty to each such agreement. Each of
Ultimate Parent and the Borrower is a Qualified ECP Guarantor. 
 Section 7.21 Use of Loans and Letters of Credit. The proceeds
of the Loans and the Letters of Credit shall be used to provide working capital for exploration and production operations, for acquisitions of Oil and Gas Properties permitted hereunder and for general corporate, partnership or equivalent purpose,
including to refinance Debt of the Existing Borrower under the Existing Credit Agreement. No Group Member is engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate,
incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations
T, U or X of the Board. 

  

					
		 	74	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 Section 7.22 Solvency. Immediately after giving effect to the transactions
contemplated hereby, (a) the aggregate assets (after giving effect to amounts that could reasonably be received by reason of indemnity, offset, insurance or any similar arrangement), at a fair valuation, of the Credit Parties, taken as a whole,
will exceed the aggregate Debt of the Credit Parties on a consolidated basis, as the Debt becomes absolute and matures, (b) none of the Credit parties will have incurred or intended to incur, and will not believe that it will incur, Debt beyond
its ability to pay such Debt (after taking into account the timing and amounts of cash to be received by each of the Credit Parties and the amounts to be payable on or in respect of its liabilities, and giving effect to amounts that could reasonably
be received by reason of indemnity, offset, insurance or any similar arrangement) as such Debt becomes absolute and matures and (c) none of the Credit Parties will have (and will have no reason to believe that it will have thereafter)
unreasonably small capital for the conduct of its business in which they are engaged as such businesses are conducted as of the Effective Date and are proposed to be conducted after the Effective Date. 

Section 7.23 Foreign Corrupt Practices. No Group Member, nor, to the knowledge of each of Ultimate Parent, the Borrower, or any
Subsidiary after reasonable inquiry, any director, officer, agent, or employee of any Group Member, is aware of or has taken any action, directly or indirectly, that would result in a material violation by such Persons of the FCPA, including without
limitation, making use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment, promise to pay or authorization of the payment of any money, or other property, gift, promise to give, or
authorization of the giving of anything of value to any “foreign official” (as such term is defined in the FCPA) or any foreign political party or official thereof or any candidate for foreign political office, in contravention of the
FCPA; and, the Group Members have conducted their business in material compliance with the FCPA and have instituted and maintain policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued
compliance therewith. 
 Section 7.24 OFAC. No Group Member, nor, to the knowledge of Ultimate Parent, the Borrower, or any
Subsidiary after reasonable inquiry, any director, officer, agent, or employee of any Group Member, is currently subject to any material United States sanctions administered by OFAC, and the Borrower will not directly or indirectly use the proceeds
from the Loans or lend, contribute or otherwise make available such proceeds to any Credit Party, joint venture partner or other Person, for the purpose of financing the activities of any Person currently subject to any United States sanctions
administered by OFAC. 
 Section 7.25 Money Laundering. The operations of the Group Members are and have been conducted at all
times in material compliance with applicable financial recordkeeping and reporting requirements of the Money Laundering Laws, and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator
involving any Group Member with respect to the Money Laundering Laws is pending or, to the best knowledge of Ultimate Parent or the Borrower, threatened in writing. 

  

					
		 	75	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 ARTICLE VIII 

AFFIRMATIVE COVENANTS 

Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder and all
other amounts payable under the Loan Documents shall have been paid in full and all Letters of Credit shall have expired or terminated and all LC Disbursements shall have been reimbursed, each of Ultimate Parent and the Borrower covenants and agrees
with the Lenders that: 
 Section 8.01 Financial Statements; Other Information. Ultimate Parent or the Borrower, as applicable,
will furnish to the Administrative Agent and each Lender: 
 (a) Annual Financial Statements. As soon as available, but in any event
not later than ninety (90) days after the end of each fiscal year of Ultimate Parent commencing with the fiscal year ending December 31, 2014 (or shorter period if as provided for by applicable law), audited consolidated balance sheet and
related statements of income or operations, stockholders’ equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by Grant Thornton LLP
or other independent public accountants of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit) to the effect that such
consolidated financial statements present fairly in all material respects the financial condition and results of operations of Ultimate Parent and its Consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied.

 (b) Quarterly Financial Statements. As soon as available, but in any event not later than sixty (60) days after the end of
each of the first three fiscal quarters of 2015 and each following fiscal year of Ultimate Parent (or shorter period if as provided for by applicable law), its consolidated balance sheet and related statements of operations, stockholders’
equity and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance
sheet, as of the end of) the previous fiscal year, all certified by one of its Financial Officers as presenting fairly in all material respects the financial condition and results of operations of Ultimate Parent and its Consolidated Subsidiaries on
a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments, reclassifications and the absence of footnotes. 

(c) Certificate of Financial Officer – Compliance. Concurrently with any delivery of financial statements under
Section 8.01(a) or Section 8.01(b), a certificate of a Financial Officer in substantially the form of Exhibit D hereto (i) certifying as to whether a Default exists and, if a Default exists, specifying the details thereof and any
action taken or proposed to be taken with respect thereto, (ii) setting forth reasonably detailed calculations of the then-applicable financial ratios set forth in Section 9.01 and (iii) stating whether any change in GAAP or in the
application thereof has occurred since the date of (A) until the audited financial statements referred to in Section 8.01(a) are initially delivered pursuant to such Section, the Financial Statements, and (B) with respect to audited
financial statements delivered after the date hereof pursuant to Section 8.01(a), the most recently prepared audited financial statements delivered pursuant to Section 8.01(a) and, if any such change has occurred, specifying the effect of
such change on the financial statements accompanying such certificate. 

  

					
		 	76	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (d) Certificate of Financial Officer – Swap Agreements. Concurrently with the
delivery of each Reserve Report hereunder, a certificate of a Financial Officer, in form and substance reasonably satisfactory to the Administrative Agent, setting forth as of a recent date a true and complete list of all Swap Agreements of the
Group Members which are in effect on such date, the material terms thereof (including the type, term, effective date, termination date and notional amounts or volumes), any new credit support agreements relating thereto not listed on
Schedule 7.20, any margin required or supplied under any credit support document, and the counterparty to each such agreement and, if the Borrower has elected to be governed by the percentage limitations set forth in clause (C) of
Section 9.18(a)(i) for any part of the Specified Period, projections of production of crude oil, natural gas and natural gas liquids from the Credit Parties’ Oil and Gas Properties, calculated separately, prepared in good faith by a
Financial Officer for each month during the Specified Period. 
 (e) Certificate of Insurer – Insurance Coverage. Concurrently
with any delivery of financial statements under Section 8.01(a), a certificate of insurance coverage from each insurer with respect to the insurance required by Section 8.07, in form and substance customarily obtained from, and provided
by, insurers or their agents for these purposes, and, if reasonably requested by the Administrative Agent or any Lender, all copies of the applicable policies. 

(f) Other Accounting Reports. Promptly upon receipt thereof, a copy of each other report or letter submitted to Ultimate Parent, the
Borrower or any other Group Member by independent accountants in connection with any annual, interim or special audit made by them of the books of Ultimate Parent, the Borrower or any such Group Member which results in, or could reasonably be
expected to result in, a Material Adverse Effect, and a copy of any response by Ultimate Parent, the Borrower or such Group Member, or the board of directors (or comparable governing body) of Ultimate Parent, the Borrower or such Group Member, to
such letter or report. 
 (g) Notices Under Material Instruments. Promptly after the furnishing thereof, copies of any financial
statement, report or notice furnished to or by Ultimate Parent, the Borrower or any other Group Member pursuant to the terms of any preferred stock designation, indenture (other than the 2013 Indenture), loan or credit or other similar agreement to
which any of them is a party, other than any Loan Document and not otherwise required to be furnished to the Lenders pursuant to any other provision of this Section 8.01. 

(h) Notice of Sales of Oil and Gas Properties. In the event any Credit Party intends to sell, transfer, assign or otherwise dispose of
any Proved Reserves or any Equity Interests in any Credit Party in accordance with Section 9.12, reasonable prior written notice (and in any event not less than five Business Days’ prior notice or such shorter period of time as determined
by the Administrative Agent in its sole discretion) of such disposition, the price thereof and the anticipated date of closing and any other details thereof requested by the Administrative Agent or any Lender. 

  

					
		 	77	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (i) Notice of Casualty Events. Prompt written notice, and in any event within three
Business Days, after the occurrence of any Casualty Event or the commencement of any action or proceeding of which the Borrower has knowledge and that could reasonably be expected to result in a Casualty Event. 

(j) Information Regarding the Credit Parties. Prompt written notice (and in any event within thirty (30) days prior thereto or
such shorter period as agreed by the Administrative Agent and the Borrower which permits the Administrative Agent to take timely any applicable required steps or action) of any change (i) in any Credit Party’s corporate name, (ii) in
the location of any Credit Party’s chief executive office or principal place of business, (iii) in the any Credit Party’s identity or corporate structure or in the jurisdiction in which such Person is incorporated or formed,
(iv) in any Credit Party’s jurisdiction of organization or such Person’s organizational identification number in such jurisdiction of organization, and (v) in any Credit Party’s federal taxpayer identification number. 

(k) Notices of Certain Changes. Promptly, but in any event within five (5) Business Days after the execution thereof, copies of
any amendment, modification or supplement to the certificate or articles of incorporation, bylaws, certificate or articles of organization, regulations, any preferred stock designation or any other governance document of any Credit Party. 

(l) Certificate of Financial Officer – Consolidating Information. If, at any time, Ultimate Parent has designated as an
Unrestricted Subsidiary any of its Subsidiaries that is not an Immaterial Subsidiary (or that, taken together with all other Unrestricted Subsidiaries), then concurrently with any delivery of financial statements under Section 8.01(a) or
Section 8.01(b), a certificate of a Financial Officer setting forth consolidating spreadsheets that show the financial condition and results of such Unrestricted Subsidiaries of the Company in such form as would be presentable to the auditors
of Ultimate Parent. 
 (m) Permitted 2013 Bond Debt. Promptly, but in any event within five (5) Business Days after
(i) such delivery, copies of any financial report (other than any reports that are substantially similar to those required by this Agreement) or notice required to be delivered to any holder of Permitted 2013 Bond Debt, pursuant to the
Permitted 2013 Bond Documents, which report or notice has not been delivered to the Lenders hereunder or (ii) receipt by the Borrower, copies of any notice of default or notice requiring repurchase, in whole or part, of any notes issued under
the 2013 Indenture, sent by any holder of Permitted 2013 Bond Debt pursuant to the terms of the Permitted 2013 Bond Documents. 
 (n)
Change in General Partner. Prompt written notice (and in any event within thirty (30) days prior thereto or such shorter period as agreed by the Administrative Agent and the Borrower which permits the Administrative Agent to take timely
any applicable required steps or action) of any change in the general partner of the Borrower, which written notice shall be accompanied by such organizational documents, authorizing resolutions, incumbency certificates, good standing certificates,
legal opinions and other documents or information as may be reasonably requested by the Administrative Agent in connection therewith. 

  

					
		 	78	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (o) SEC and Other Filings; Reports to Shareholders. Promptly after the same become
publicly available, copies of all periodic and other reports, proxy statements and other materials filed by the Ultimate Parent, Borrower or any of their respective Subsidiaries with the SEC, or with any national securities exchange, or distributed
by Ultimate Parent to its shareholders generally, as the case may be. 
 Any of the foregoing may be delivered electronically and, if so
delivered, shall be deemed to have been delivered on the date (i) on which Ultimate Parent files such reports and other information on a freely accessible page of its website or provides a link thereto, (ii) on which such documents are
delivered to the Administrative Agent, or (iii) on which such documents are filed with the SEC via the EDGAR filing system (or any successor system). At any time during which Ultimate Parent is required to file reports with the SEC pursuant to
Section 13 or 15 of the Securities Exchange Act of 1934, as amended, the filing of an Annual Report on Form 10-K and Quarterly Reports on Form 10-Q will be deemed to satisfy Ultimate Parent’s or the Borrower’s obligations under
Sections 8.01(a) and (b) so long as such reports comply with rules and regulations promulgated by the SEC with respect to the preparation thereof. 

(p) Other Requested Information. Promptly following any request therefor, such other information regarding the operations, business
affairs and financial condition of Ultimate Parent, the Borrower or any of their respective Subsidiaries (including, without limitation, any Plan and any reports or other information required to be filed with respect thereto under the Code or under
ERISA), or compliance with the terms of this Agreement or any other Loan Document, as the Administrative Agent or any Lender may reasonably request. 

Section 8.02 Notices of Material Events. The Borrower will furnish to the Administrative Agent and each Lender prompt (and in any
event within five (5) Business Days after the Borrower’s knowledge of the occurrence thereof) written notice of the following: 

(a) the occurrence of any Default; 

(b) the filing or commencement of any action, suit, proceeding, investigation or arbitration by or before any arbitrator or Governmental
Authority against or affecting any Group Member not previously disclosed in writing to the Lenders or any material adverse development in any action, suit, proceeding, investigation or arbitration (whether or not previously disclosed to the Lenders)
that, in either case, if adversely determined, could reasonably be expected to result in liability in excess of the Threshold Amount, not fully covered by insurance, subject to normal deductibles; and 

(c) any other development that results in, or could reasonably be expected to result in, a Material Adverse Effect. 

Each notice delivered under this Section 8.02 shall be accompanied by a statement of a Responsible Officer setting forth the details of the event or
development requiring such notice and any action taken or proposed to be taken with respect thereto. 
 Section 8.03 Existence;
Conduct of Business. Each of Ultimate Parent and the Borrower will, and will cause each other Group Member to, do or cause to be done all things 

  

					
		 	79	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges and franchises material to the conduct of the businesses of each
Group Member and maintain, if necessary, its qualification to do business in each other jurisdiction in which its Oil and Gas Properties are located or the ownership of its Properties requires such qualification, except where the failure to so
qualify could not reasonably be expected to have a Material Adverse Effect; provided that the foregoing shall not prohibit any merger, consolidation, liquidation, dissolution or other transaction permitted under Section 9.11 or
Section 9.12. 
 Section 8.04 Payment of Obligations. Each of Ultimate Parent and the Borrower will, and will cause each
other Group Member to, pay its obligations, including Tax liabilities of the Group Members, before the same shall become delinquent or in default, except where (a) the validity or amount thereof is being contested in good faith by appropriate
proceedings and such Group Members has set aside on its books adequate reserves with respect thereto in accordance with GAAP or (b) to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect
or result in the seizure or levy of any material Property of any Group Member. 
 Section 8.05 Performance of Obligations under Loan
Documents. The Borrower will pay the Notes according to the reading, tenor and effect thereof, and each of Ultimate Parent and the Borrower will, and will cause each other Group Member to, do and perform every act and discharge all of the
obligations to be performed and discharged by them under the Loan Documents, including, without limitation, this Agreement, at the time or times and in the manner specified. 

Section 8.06 Operation and Maintenance of Properties. Each of Ultimate Parent and the Borrower will, and will cause each other
Group Member to: 
 (a) operate its Oil and Gas Properties and other material Properties or cause such Oil and Gas Properties and other
material Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all Governmental Requirements, including,
without limitation, applicable proration requirements and Environmental Laws, and all applicable laws, rules and regulations of every other Governmental Authority from time to time constituted to regulate the development and operation of its Oil and
Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to so operate and comply could not reasonably be expected to have a Material Adverse Effect; 

(b) maintain and keep in good working order (ordinary wear and tear excepted) all of its Proved Reserves and other Properties material to the
conduct of its business, including, without limitation, all of such equipment, machinery and facilities; 
 (c) promptly pay and discharge,
or make reasonable and customary efforts to cause to be paid and discharged, all delay rentals, royalties, expenses and indebtedness accruing under the leases or other agreements that are material to the conduct of its business and affecting or
pertaining to its Proved Reserves and will do all other things necessary to keep unimpaired their rights with respect thereto and prevent any forfeiture thereof or default thereunder; 

  

					
		 	80	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (d) promptly perform or make reasonable and customary efforts to cause to be performed, in
accordance with industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Proved Reserves and other Properties that are material to the conduct
of its business; and 
 (e) to the extent the Borrower is not the operator of any Hydrocarbon Interests in which it owns an interest, the
Borrower shall use commercially reasonable efforts to cause the operator to attempt to comply with this Section 8.06 in respect to such Hydrocarbon Interests to the extent that the Borrower has knowledge that such operator is not doing so in
all material respects. 
 Section 8.07 Insurance. Each of Ultimate Parent and the Borrower will, and will cause each other Group
Member to, maintain, with financially sound and reputable insurance companies, insurance (a) in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or
similar locations and (b) in accordance with all Governmental Requirements. The loss payable clauses or provisions in said insurance policy or policies insuring any of the collateral for the Loans shall be endorsed in favor of and made payable
to the Administrative Agent as its interests may appear and such policies shall name the Administrative Agent and the Lenders as “additional insureds” and provide that the insurer will endeavor to give at least thirty (30) days prior
notice of any cancellation to the Administrative Agent. 
 Section 8.08 Books and Records; Inspection Rights. Each of Ultimate
Parent and the Borrower will, and will cause each other Group Member to, keep proper books of record and account in which full, true and correct entries are made of all dealings and transactions in relation to its business and activities, in each
case, to the extent required in accordance with GAAP. Each of Ultimate Parent and the Borrower will, and will cause each other Group Member to, permit any representatives designated by the Administrative Agent or any Lender, upon reasonable prior
notice, to visit and inspect its Properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times and as often as
reasonably requested (provided that if the Administrative Agent, any Lender or their respective representatives conduct more than one (1) such inspection during any twelve-month period, any expenses incurred by the Administrative Agent, such
Lender or their respective representatives for such inspections (other than the first such inspection during such period by such Person) shall be borne by such Person if an Event of Default does not then exist), and in each case, except for such
records and affairs that are subject to contractual confidentiality restrictions or attorney-client privilege. 
 Section 8.09
Compliance with Laws. Each of Ultimate Parent and the Borrower will, and will cause each of their respective Subsidiaries to, comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its Property,
except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

  

					
		 	81	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 Section 8.10 Environmental Matters. 

(a) Each of Ultimate Parent and the Borrower shall at their sole expense: (i) comply, and shall cause its Properties and operations and
each of their respective Subsidiaries and each such Subsidiary’s Properties and operations to comply, with all applicable Environmental Laws, the breach of which could be reasonably expected to have a Material Adverse Effect; (ii) not
Release or threaten to Release, and shall cause each of their respective Subsidiaries not to Release or threaten to Release, any Hazardous Material on, under, about or from any of their or their respective Subsidiaries’ Properties or any other
property offsite the Property to the extent caused by their or any of their Subsidiaries’ operations except in compliance with applicable Environmental Laws, the Release or threatened Release of which could reasonably be expected to have a
Material Adverse Effect; (iii) timely obtain or file, and shall cause each of their respective Subsidiaries to timely obtain or file, all Environmental Permits, if any, required under applicable Environmental Laws to be obtained or filed in
connection with the operation or use of their or their respective Subsidiaries’ Properties, which failure to obtain or file could reasonably be expected to have a Material Adverse Effect; (iv) promptly commence and diligently prosecute to
completion, and shall cause each of their respective Subsidiaries to promptly commence and diligently prosecute to completion, any assessment, evaluation, investigation, monitoring, containment, cleanup, removal, repair, restoration, remediation or
other remedial obligations (collectively, the “Remedial Work”) in the event any Remedial Work is required under applicable Environmental Laws because of or in connection with the actual or suspected past, present or future Release
or threatened Release of any Hazardous Material on, under, about or from any of their or their respective Subsidiaries’ Properties, which failure to commence and diligently prosecute to completion could reasonably be expected to have a Material
Adverse Effect; (v) conduct, and cause their respective Subsidiaries to conduct, their respective operations and businesses in a manner that will not expose any Property or Person to Hazardous Materials that could reasonably be expected to form
the basis for a claim for damages or compensation, which claim for damages or compensation could reasonably be expected to result in a Material Adverse Effect; and (vi) establish and implement, and shall cause each of their respective
Subsidiaries to establish and implement, such procedures as may be necessary to continuously determine and assure that their and their respective Subsidiaries’ obligations under this Section 8.10(a) are timely and fully satisfied, which
failure to establish and implement could reasonably be expected to have a Material Adverse Effect. 
 (b) The Borrower will promptly, but in
no event later than five (5) Business Days after the Borrower obtains knowledge thereof, notify the Administrative Agent and the Lenders in writing of any written, threatened action, investigation or inquiry by any Governmental Authority or any
written, threatened demand or lawsuit by any Person against Ultimate Parent, the Borrower, or their respective Subsidiaries or their Properties of which the Borrower has knowledge in connection with any Environmental Laws if the Borrower could
reasonably anticipate that such action will result in liability (whether individually or in the aggregate) in excess of the Threshold Amount, not fully covered by insurance, subject to normal deductibles. 

(c) Each of Ultimate Parent and the Borrower will, and will cause each of their respective Subsidiaries to, provide environmental assessments,
audits and tests in 

  

					
		 	82	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
accordance with the most current version of the American Society of Testing Materials standards upon the reasonable request by the Administrative Agent and the Lenders and no more than once per
year in the absence of any Event of Default (or as otherwise required to be obtained by the Administrative Agent or the Lenders by any Governmental Authority), in connection with any future acquisitions of Oil and Gas Properties or other Properties.

 Section 8.11 Further Assurances. 

(a) Each of Ultimate Parent and the Borrower will, and will cause each other Credit Party to, promptly execute and deliver to the
Administrative Agent all such other documents, agreements and instruments reasonably requested by the Administrative Agent to comply with, cure any defects or accomplish the conditions precedent, covenants and agreements of any Credit Party, as the
case may be, in the Loan Documents, including the Notes, or to further evidence and more fully describe the collateral intended as security for the Secured Obligations, or to correct any omissions in this Agreement or the Security Instruments, or to
state more fully the obligations secured therein, or to perfect, protect or preserve any Liens created pursuant to this Agreement or any of the Security Instruments or the priority thereof, or to make any recordings, file any notices or obtain any
consents, all as may be reasonably necessary or appropriate, in the sole discretion of the Administrative Agent, in connection therewith. 

(b) Each of Ultimate Parent and the Borrower hereby authorizes the Administrative Agent to file one or more financing or continuation
statements, and amendments thereto, relative to all or any part of the Mortgaged Property without the signature of any Credit Party where permitted by law. A carbon, photographic or other reproduction of the Security Instruments or any financing
statement covering the Mortgaged Property or any part thereof shall be sufficient as a financing statement where permitted by law. Each of Ultimate Parent and the Borrower acknowledges and agrees that any such financing statement may describe the
collateral as “all assets” of the applicable Credit Party or words of similar effect as may be required by the Administrative Agent. 

Section 8.12 Reserve Reports. 

(a) On or before April 1st, July 1st, October 1st and January 1st of each year commencing April 1, 2014, and
until but not including April 1, 2015, and on or before April 1st and October 1st of each year, commencing April 1, 2015, the Borrower shall furnish to the Administrative Agent and the Lenders a Reserve Report evaluating at least
95% of the net present value of the Oil and Gas Properties constituting Proved Reserves of the Credit Parties as of the immediately preceding January 1st, April 1st, July 1st and October 1st. In addition, on or before any January 1st or
July 1st, as applicable, immediately preceding any Optional Scheduled Redetermination Date, the Borrower shall furnish to the Administrative Agent and the Lenders a Reserve Report evaluating at least 95% of the net present value of the Oil and
Gas Properties that constitute Proved Reserves of the Credit Parties with an “as of” date that is four months prior to the applicable Scheduled Redetermination Date or otherwise reasonably acceptable to the Administrative Agent. The
Reserve Report as of January 1 of each year shall be prepared by one or more Approved Petroleum Engineers, and each other Reserve Report required hereunder shall be prepared by or under the supervision of the chief engineer of Ultimate Parent
or the Borrower, as applicable, who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately preceding January 1 Reserve Report. 

  

					
		 	83	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (b) In the event of an Interim Redetermination, the Borrower shall furnish to the Administrative
Agent and the Lenders a Reserve Report prepared by or under the supervision of the chief engineer of Ultimate Parent or the Borrower, as applicable, who shall certify such Reserve Report to be true and accurate in all material respects and to have
been prepared in accordance with the procedures used in the immediately preceding January 1 Reserve Report. For any Interim Redetermination requested by the Administrative Agent or the Borrower pursuant to Section 2.07(b), the Borrower
shall provide such Reserve Report with an “as of” date as required by the Administrative Agent as soon as possible, but in any event no later than forty-five (45) days following the receipt of such request. 

(c) With the delivery of each Reserve Report, the Borrower shall provide to the Administrative Agent and the Lenders (i) a certificate
from a Responsible Officer certifying that in all material respects: (A) the information contained in the Reserve Report and any other information delivered in connection therewith is true and correct, (B) subject to Immaterial Title
Deficiencies, the Credit Parties own good and defensible title to the Proved Reserves of the Credit Parties evaluated in such Reserve Report and such Properties are free of all Liens except for Excepted Liens and Liens securing the Secured
Obligations, (C) except as set forth on an exhibit to the certificate, on a net basis there are no gas imbalances, take or pay or other prepayments in excess of the volume specified in Section 7.18 with respect to its Oil and Gas
Properties evaluated in such Reserve Report which would require the Credit Parties to deliver Hydrocarbons either generally or produced from such Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor,
(D) none of their Oil and Gas Properties constituting Proved Reserves have been sold since the date of the last Borrowing Base determination except as set forth on an exhibit to the certificate, which certificate shall list all of such Oil and
Gas Properties sold and in such detail as reasonably required by the Administrative Agent, (E) attached to the certificate is a list of all marketing agreements entered into subsequent to the later of the date hereof or the most recently
delivered Reserve Report which any Credit Party could reasonably be expected to have been obligated to list on Schedule 7.19 had such agreement been in effect on the date hereof, and (F) attached thereto is a schedule of the Oil and Gas
Properties evaluated by such Reserve Report that are Mortgaged Properties and demonstrating the percentage of the total value of the Oil and Gas Properties evaluated in such Reserve Report that the value of such Mortgaged Properties represent in
compliance with Section 8.14(a), and (ii) a report setting forth, for each calendar month during the then current fiscal year to date, the volume of production and sales attributable to production (and the prices at which such sales were
made and the revenues derived from such sales) for each such calendar month from the Proved Reserves of the Credit Parties, and setting forth the related ad valorem, severance and production taxes and lease operating expenses attributable thereto
and incurred for each such calendar month. In addition, the Borrower shall provide to the Administrative Agent a report referred to in the foregoing clause (ii) upon the reasonable request of the Administrative Agent, provided that the
Administrative Agent may not request such a report more than two times in any 12-month period. 

  

					
		 	84	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 Section 8.13 Title Information. 

(a) On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 8.12(a), the
Borrower will deliver title information in form and substance reasonably requested by the Administrative Agent pursuant to generally accepted exploration and production industry considerations, and covering enough of the Oil and Gas Properties
evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agent, satisfactory
title information on at least 80% of the value of the Proved Reserves of the Credit Parties evaluated by such Reserve Report. 
 (b) If the
Borrower has provided title information for additional Properties under Section 8.13(a), the Borrower shall, within 60 days after notice from the Administrative Agent that title defects or exceptions exist with respect to such additional
Properties, either (i) cure any such title defects or exceptions (including defects or exceptions as to priority) which are not permitted by Section 9.03 raised by such information, (ii) substitute acceptable Mortgaged Properties with
no title defects or exceptions except for Excepted Liens (other than Excepted Liens described in clauses (e), (g) and (h) of such definition) having an aggregate equivalent value or (iii) deliver title information in form and
substance reasonably requested by the Administrative Agent so that the Administrative Agent shall have received, together with title information previously delivered to the Administrative Agent, satisfactory title information on at least 80% of the
value of the Proved Reserves of the Credit Parties evaluated by such Reserve Report. 
 (c) If the Borrower is unable to cure any title
defect requested by the Administrative Agent or the Lenders to be cured within the 60-day period or the Borrower does not comply with the requirements to provide acceptable title information covering 80% of the value of the Proved Reserves of the
Credit Parties evaluated in the most recent Reserve Report, such default shall not be a Default, but instead the Administrative Agent and/or the Majority Lenders shall have the right to exercise the following remedy in their sole discretion from
time to time, and any failure to so exercise this remedy at any time shall not be a waiver as to future exercise of the remedy by the Administrative Agent or the Lenders: such unacceptable Mortgaged Property shall not count towards the 80%
requirement, and the Administrative Agent may send a notice to the Borrower and the Lenders that the then outstanding Borrowing Base shall be reduced by an amount as determined by the Required Lenders to cause the Borrower to be in compliance with
the requirement to provide acceptable title information on 80% of the value of the Proved Reserves of the Credit Parties. This new Borrowing Base shall become effective immediately after receipt of such notice. 

Section 8.14 Collateral and Guaranty Agreements. 

(a) In connection with each redetermination of the Borrowing Base, the Borrower shall review the Reserve Report and the list of current
Mortgaged Properties (as described in Section 8.12(c)) to ascertain whether the Mortgaged Properties represent at least 80% of the value of the Proved Reserves of the Credit Parties evaluated in the most recently completed Reserve Report after
giving effect to exploration and production activities, 

  

					
		 	85	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
acquisitions, dispositions and production. In the event that the Mortgaged Properties do not represent at least 80% of such total value, then each of Ultimate Parent and the Borrower shall, or
shall cause one or more of their respective Restricted Subsidiaries to, grant, within thirty (30) days of delivery of the certificate required under Section 8.12(c), to the Administrative Agent as security for the Secured Obligations a
first-priority Lien (provided that Excepted Liens of the type described in clauses (a) to (d) and (f) of the definition thereof may exist, but subject to the provisos at the end of such definition) on additional Oil and Gas Properties
of the Credit Parties which constitute Proved Reserves not already subject to a Lien of the Security Instruments such that after giving effect thereto, the Mortgaged Properties will represent at least 80% of such total value. 

(b) In the event that (i) Ultimate Parent creates or acquires any Domestic Subsidiary that is not an Immaterial Subsidiary (or any
Domestic Subsidiary that is currently an Immaterial Subsidiary ceases to be an Immaterial Subsidiary for any reason) or (ii) any Domestic Subsidiary incurs or guarantees any Debt (including, without limitation, the Permitted 2013 Bond Debt),
Ultimate Parent shall promptly cause such Restricted Subsidiary to execute and deliver the Guaranty Agreement (or a supplement thereto, as applicable) pursuant to which such Domestic Subsidiary shall guarantee the Secured Obligations. In connection
with any such guaranty, the Credit Party that owns the Equity Interests in any such new Domestic Subsidiary shall execute and deliver a Guaranty Agreement (or a supplement thereto, as applicable) pursuant to which such Credit Party will pledge all
of its Equity Interests in such new Domestic Subsidiary to secure the Secured Obligations. In connection with the foregoing, the Credit Parties shall (i) deliver original stock certificates, if any, evidencing the Equity Interests of such new
Domestic Subsidiary, together with an appropriate undated stock powers for each certificate duly executed in blank by the registered owner thereof and (ii) execute and deliver such other additional closing documents, certificates and legal
opinions as shall reasonably be requested by the Administrative Agent. 
 (c) Notwithstanding any provision in any of the Loan Documents to
the contrary, no Building (as defined in the applicable Flood Insurance Regulations) or Manufactured (Mobile) Home (as defined in the applicable Flood Insurance Regulations) owned by any Credit Party included in the Mortgaged Property and no
Building or Manufactured (Mobile) Home shall be encumbered by any Security Instrument; provided, that (A) the applicable Credit Party’s interests in all lands and Hydrocarbons situated under any such Building or Manufactured (Mobile) Home
shall, to the extent otherwise required hereunder, be included in the Mortgaged Property and shall, to the extent otherwise required hereunder, be encumbered by the Security Instruments and (B) the Borrower shall not, and shall not permit any
of its Restricted Subsidiaries to, permit to exist any Lien on any Building or Manufactured (Mobile) Home except Excepted Liens or Liens of a similar nature. 

(d) All Liens required to be created by Section 8.14(a) will be created and perfected by and in accordance with the provisions of deeds
of trust, security agreements and financing statements or other Security Instruments, all in form and substance reasonably satisfactory to the Administrative Agent and in sufficient executed (and acknowledged where necessary or appropriate)
counterparts for recording purposes. In order to comply with the foregoing, if any Restricted Subsidiary grants a Lien on its Oil and Gas Properties pursuant to Section 8.14(a) and such Restricted Subsidiary is not a Guarantor, then it shall
become a Guarantor and comply with Section 8.14(b). 

  

					
		 	86	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (e) The Borrower hereby guarantees the payment of all Secured Obligations of each Credit Party
(other than the Borrower) and absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time to each Credit Party (other than the Borrower) in order for such Credit Party to honor its
obligations under its respective Guaranty Agreement and other Security Instruments including obligations with respect to Swap Agreements (provided, however, that the Borrower shall only be liable under this Section 8.14(e) for the maximum
amount of such liability that can be hereby incurred without rendering its obligations under this Section 8.14(e), or otherwise under this Agreement or any Loan Document, as it relates to such other Credit Parties, voidable under applicable law
relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of the Borrower under this Section 8.14(e) shall remain in full force and effect until the Secured Obligations are Paid In Full In Cash.
The Borrower intends that this Section 8.14(e) constitute, and this Section 8.14(e) shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each Credit Party (other than the Borrower) for all
purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 Section 8.15 ERISA. Each of Ultimate Parent and the
Borrower will promptly furnish and will cause their respective Subsidiaries and any ERISA Affiliate to promptly furnish to the Administrative Agent (a) promptly following any request therefor, copies of each annual and other report with respect
to each Plan or any trust created thereunder filed with the United Stated Department of Labor or the Internal Revenue Service, (b) promptly upon becoming aware of the occurrence of any non-exempt “prohibited transaction,” as described
in section 406 of ERISA or in section 4975 of the Code, in connection with any Plan or any trust created thereunder which can reasonably be expected to result in material liability, a written notice signed by the President or the principal Financial
Officer, such Subsidiary or the ERISA Affiliate, as the case may be, specifying the nature thereof, what action Ultimate Parent, the Borrower, such Subsidiary or the ERISA Affiliate is taking or proposes to take with respect thereto, and, when
known, any action taken or proposed by the Internal Revenue Service or the Department of Labor with respect thereto, and (c) promptly upon the closing of a transaction under which Ultimate Parent, the Borrower, any of such Subsidiaries or an
ERISA Affiliate acquires, or assumes an obligation to contribute to, or permit any ERISA Affiliate to contribute to or assume an obligation to contribute to, (x) any employee welfare benefit plan, as defined in section 3(1) of ERISA, including,
without limitation, any such plan maintained to provide benefits to former employees of such entities, that may not be terminated by such entities in their sole discretion at any time without any material liability, or (y) any employee pension
benefit plan, as defined in section 3(2) of ERISA, that is subject to Title IV of ERISA, section 302 of ERISA or section 412 of the Code, a written notice signed by the President or the principal Financial Officer, such Subsidiary or the ERISA
Affiliate, as the case may be, specifying the nature of such transaction and details thereof as may be reasonably requested by the Administrative Agent. 

Section 8.16 Unrestricted Subsidiaries. Each of Ultimate Parent and the Borrower: 

(a) will cause the management, business and affairs of each Group Member to be conducted in such a manner (including, without limitation, by
keeping separate books of 

  

					
		 	87	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
account, furnishing separate financial statements of Unrestricted Subsidiaries to creditors and potential creditors thereof and by not permitting Properties of the Credit Parties to be
commingled) so that each Unrestricted Subsidiary will be treated as an entity separate and distinct from the Group Members; 
 (b) will not,
and will not permit any Group Member to, incur, assume, guarantee or be or become liable for any Debt of any of the Unrestricted Subsidiaries; 

(c) will not permit any Unrestricted Subsidiary to hold any Equity Interest in, or any Debt of, any Group Member; and 

(d) will not permit any Unrestricted Subsidiary to have any Debt other than Non-Recourse Debt. 

ARTICLE IX 
 NEGATIVE
COVENANTS 
 Until the Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable
hereunder and all other amounts payable under the Loan Documents have been paid in full and all Letters of Credit have expired or terminated and all LC Disbursements shall have been reimbursed, each of Ultimate Parent and the Borrower covenants and
agrees with the Lenders that: 
 Section 9.01 Financial Covenants. 

(a) Interest Coverage Ratio. The Ultimate Parent will not, as of the last day of any fiscal quarter ending on or after
December 31, 2014 and subject to the proviso set forth in the definition of EBITDAX, permit its ratio of EBITDAX for the period of four fiscal quarters then ending to Cash Interest Expense for such period of four fiscal quarters then ending to
be less than 2.5 to 1.0. 
 (b) Current Ratio. The Ultimate Parent will not permit, as of the last day of any fiscal quarter ending
on or after December 31, 2014, its ratio of (i) (A) consolidated current assets (excluding non-cash assets under ASC 815) plus (without duplication) (B) the unused amount of the total Commitments (but only to the extent
that the Borrower is permitted to borrow such amount under the terms of this Agreement, including, without limitation, Section 6.02 hereof) plus (without duplication) (C) the aggregate amount of unrestricted cash and Cash
Equivalents of Ultimate Parent that have been deposited in a deposit account pursuant to which the Administrative Agent has been granted a perfected security interest pursuant to documentation in form and substance satisfactory to the Administrative
Agent plus (without duplication) (D) only for the purpose of the fiscal quarter ending on December 31, 2014, net cash proceeds received by the Ultimate Parent from the issuance of its common stock on or before March 1, 2015,
giving pro forma effect to the receipt of such net cash proceeds as of December 31, 2014 to (ii) consolidated current liabilities (excluding non-cash obligations under ASC 815 and current maturities under this Agreement) to be less than
1.00 to 1.00. 

  

					
		 	88	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 Section 9.02 Debt. Neither Ultimate Parent nor the Borrower will, nor will they
permit any other Group Member to, incur, create, assume or suffer to exist any Debt, except: 
 (a) the Notes or other Secured Obligations
arising under the Loan Documents or any guaranty of or suretyship arrangement for the Notes or other Secured Obligations arising under the Loan Documents; 

(b) Debt of the Group Members existing on the date hereof that is reflected on Schedule 9.02; 

(c) contingent obligations as a non-operator under oil and gas operating agreements and contingent obligations under gas sale contracts for
make-up volumes on sales of gas, in each case incurred in the ordinary course of business; 
 (d) Debt under Capital Leases or that
constitutes Purchase Money Indebtedness; provided that such Debt shall not to exceed $15,000,000 in aggregate principal amount at any one time outstanding; 

(e) Debt incurred to finance the acquisition, construction or improvement of the Borrower’s corporate headquarters office building;
provided that such Debt shall not to exceed $10,000,000 in aggregate principal amount at any one time outstanding; 
 (f) Debt associated
with bonds, letters of credit, surety or similar obligations incurred in the ordinary course of business in connection with the operation of the Oil and Gas Properties; 

(g) intercompany Debt between the Borrower and any other Group Member or between Group Members to the extent permitted by Section 9.05;
provided that such Debt is not held, assigned, transferred, negotiated or pledged to any Person other than a Credit Party as permitted hereby, and, provided further, that any such Debt owed by a Credit Party shall be
subordinated to the Secured Obligations on terms set forth in the Guaranty Agreement or on terms otherwise reasonably satisfactory to the Administrative Agent. 

(h) endorsements of negotiable instruments for collection in the ordinary course of business; 

(i) Debt which represents an extension, refinancing, or renewal of any of the foregoing; provided that, (i) the principal amount
of such Debt is not increased (other than by the costs, fees, and expenses and by accrued and unpaid interest and premium paid in connection with any such extension, refinancing or renewal), (ii) the interest rate of such Debt is not greater
than a market rate of interest as of the time of its incurrence, (iii) any Liens securing such Debt are not extended to any additional property of any Credit Party, (iv) no Credit Party that is not obligated pursuant to the terms of such
Debt (exclusive of additional terms proposed pursuant to such extension, refinancing or renewal) with respect to repayment of such Debt is required to become obligated with respect thereto, (v) such extension, refinancing or renewal does not
result in a shortening of the average weighted maturity of the Debt so extended, refinanced or renewed, (vi) the terms of any such extension, refinancing, or renewal are not materially more restrictive to the obligor thereunder, taken as a
whole, than the original terms of such Debt, and (vii) if the Debt that is refinanced, renewed, or extended was subordinated in right of payment to the Secured Obligations, then the terms and conditions of the refinancing, renewal, or extension
Debt must include subordination terms and conditions that are at least as favorable to the Secured Parties as those that were applicable to the refinanced, renewed, or extended Debt; 

  

					
		 	89	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (j) (i) Permitted 2013 Bond Debt described in clause (a) of the definition thereof, and
(ii) Debt which represents an extension, refinancing, or renewal thereof; provided that, (A) the principal amount of such Debt is not increased (other than by the costs, fees, and expenses and by accrued and unpaid interest and
premium paid in connection with any such extension, refinancing or renewal), (B) the interest rate of such Debt is not increased above the market rate of interest at the time of such extension, refinancing or renewal, (C) no Credit Party
that is not obligated pursuant to the terms of the Permitted 2013 Bond Documents with respect to repayment of such Debt is required to become obligated with respect thereto pursuant to the terms of such Debt (exclusive of additional terms proposed
pursuant to such extension, refinancing or renewal), (D) such extension, refinancing or renewal does not result in a shortening of the average weighted maturity of the Debt so extended, refinanced or renewed and such extension, refinancing or
renewal does not result in any principal amount owing in respect of Permitted 2013 Bond Debt becoming due earlier than the date that is 365 days following the Maturity Date, and (E) the terms of any such extension, refinancing, or renewal are
not materially less favorable to the obligors thereunder, taken as a whole, than the original terms of such Debt; 
 (k) Permitted Unsecured
Debt in an aggregate outstanding principal amount not to exceed $100,000,000; and 
 (l) other Debt not to exceed $10,000,000 in the
aggregate at any time outstanding. 
 Section 9.03 Liens. Neither Ultimate Parent nor the Borrower will, nor will they permit
any other Group Member to, create, incur, assume or permit to exist any Lien on any of its Properties (now owned or hereafter acquired), except: 

(a) Liens securing the payment of any Secured Obligations; 

(b) Excepted Liens; 
 (c) Liens
securing Capital Leases and Purchase Money Indebtedness permitted by Section 9.02(d) but only on the Property under lease or the Property purchased, constructed or improved with such Purchase Money Indebtedness (including all accessions and
improvements thereto, all insurance therefor and all proceeds thereof); and 
 (d) Liens securing Debt permitted by Section 9.02(e) but
only on the Property purchased, constructed or improved with such Debt (including all accessions and improvements thereto, all insurance therefor and all proceeds thereof); 

(e) Liens on Property of the Group Members existing on the date hereof that is reflected in Schedule 9.03; 

  

					
		 	90	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (f) Liens securing Indebtedness incurred pursuant to Section 9.02(i) to refinance
Indebtedness that was previously so secured, to the extent such Liens are otherwise permitted by such Section 9.02(i); 
 (g)
Liens on the Capital Stock of any Unrestricted Subsidiary to the extent securing Indebtedness of Unrestricted Subsidiaries; and 
 (h) other
Liens securing obligations the outstanding principal amount of which does not exceed $10,000,000 in the aggregate at any time outstanding. 

Notwithstanding the foregoing, none of the Liens permitted by this Section 9.03 (other than Liens securing the Secured Obligations and
Excepted Liens) may attach at any time to any Oil and Gas Property or any other Mortgaged Property. 
 Section 9.04 Dividends and
Distributions; Redemptions of Permitted 2013 Bond Debt. 
 (a) Restricted Payments. Neither Ultimate Parent nor the Borrower
will, nor will they permit any other Group Member to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except (i) the Borrower or Ultimate Parent may declare and pay Restricted Payments with respect to
its Equity Interests payable solely in additional shares of its Equity Interests (other than Disqualified Capital Stock), (ii) any Group Member may declare and pay Restricted Payments ratably with respect to their Equity Interests,
(iii) any Group Member may make Restricted Payments pursuant to and in accordance with stock option plans or other benefit plans for management or employees of the Group Members, and (iv) other Restricted Payments, provided that
(A) no Default or Event of Default then exists or would result therefrom, (B) the aggregate amount of all such other Restricted Payments made since the Effective Date does not exceed $5,000,000, and (C) the Total Commitments
Utilization Percentage is less than 80% immediately before and immediately after giving effect to such Restricted Payment. 
 (b)
Redemptions of Permitted 2013 Bond Debt. Neither Ultimate Parent nor the Borrower will, nor will they permit any other Group Member to, prior to the date that is 365 days after the Maturity Date, call, make or offer to make any optional or
voluntary Redemption of or otherwise optionally or voluntarily Redeem (whether in whole or in part) the Permitted 2013 Bond Debt; provided that the Borrower may (i) refinance, in whole or in part, Permitted 2013 Bond Debt to the extent
permitted under Section 9.02(j) and (ii) so long as such Redemption occurs substantially contemporaneously with (and in any event within 5 Business Days following) such issuance of Equity Interests, Redeem, in whole or in part, Permitted
2013 Bond Debt with the net cash proceeds of any issuance of Equity Interests by Ultimate Parent (other than Disqualified Capital Stock) which are contributed to the Borrower for such purpose. 

Section 9.05 Investments, Loans and Advances. Neither Ultimate Parent nor the Borrower will, nor will they permit any other Group
Member to, make or permit to remain outstanding any Investments in or to any Person, except that the foregoing restriction shall not apply to: 

(a) Investments as of the Effective Date which are disclosed to the Lenders in Schedule 9.05; 

  

					
		 	91	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (b) accounts receivable arising in the ordinary course of business, or any receivable or discount
that any Group Member is permitted to sell or make under Section 9.10; 
 (c) direct obligations of (or obligations guaranteed
by) (i) the United States or any state or commonwealth of the United States or (ii) any agency, political subdivision, or public instrumentality of any of the foregoing which, at the time of acquisition, having a debt rating of at least A-
(or then equivalent rating) from S&P or A3 (or then equivalent rating) from Moody’s, in each case maturing within one year from the date of acquisition thereof; 

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

(e) commercial paper maturing within one year from the date of acquisition thereof having one of the two highest ratings obtainable by S&P
or Moody’s; 
 (f) deposits, including certificates of deposit, demand deposits, eurodollar time deposits, bankers acceptances and
overnight bank deposits, maturing within one year from the date of acquisition thereof with, including certificates of deposit issued by, any Lender or any office located in the United States of any other bank or trust company which is organized
under the laws of the United States or any state thereof, has capital, surplus and undivided profits aggregating at least $100,000,000 (as of the date of such bank or trust company’s most recent financial reports) and has a short term deposit
rating of no lower than A2 or P2, as such rating is set forth from time to time, by S&P or Moody’s, respectively; 
 (g) repurchase
obligations with a term of not more than seven days for underlying securities of the types described in clauses (c), (d) and (f) above entered into with any financial institution meeting the qualifications specified in
clause (f) above; 
 (h) deposits in money market funds investing at least 95% in Investments described in clauses
(c) through (g) above; 
 (i) Investments (i) made by the Borrower or Ultimate Parent in or to any other Group
Member or (ii) made by any Credit Party in or to the Borrower or any other Credit Party; 
 (j) Investments consisting of Swap
Agreements to the extent permitted by Section 9.18; 
 (k) Investments in Unrestricted Subsidiaries, provided that
(i) no Default, or Event of Default then exists or would result therefrom, (ii) the aggregate outstanding amount (i.e. the amount of such Investments (valued at the time made) less the aggregate amount of cash payments received after the
Effective Date by the Credit Parties in respect of returns of capital associated with such Investments) does not exceed the greater of (A) $10,000,000 and (B) ten percent (10%) of the Borrowing Base then in effect, and (iii) the
Total Commitments Utilization Percentage is less than 80% immediately before and immediately after giving effect to such Investment; 

  

					
		 	92	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (l) loans or advances to employees of any Credit Party made in the ordinary course of business of
such Credit Party in an aggregate principal amount not to exceed at any one time outstanding the greater of (i) $500,000 and (ii) two and one-half percent (2.5%) of the Borrowing Base then in effect; and 

(m) other Investments in an aggregate outstanding amount (i.e. the amount of such Investments (valued at the time made) less the aggregate
amount of cash payments received after the Effective Date by the Credit Parties in respect of returns of capital associated with such Investments) not to exceed at any time the greater of (i) $15,000,000 and (ii) ten percent (10%) of
the Borrowing Base then in effect. 
 Section 9.06 Nature of Business; No International Operations. Neither Ultimate Parent nor
the Borrower will, nor will they permit any other Group Member to, allow any material change to be made in the character of their businesses, taken as a whole, as an independent oil and gas exploration and production company. From and after the date
hereof, neither Ultimate Parent nor the Borrower will, nor will they permit any other Group Member to acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties
not located within the geographical boundaries of the United States. The Borrower shall at all times remain organized under the laws of the United States of America or any State thereof or the District of Columbia. 

Section 9.07 Limitation on Leases. Neither Ultimate Parent nor the Borrower will, nor will they permit any other Group Member to,
create, incur, assume or suffer to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal but excluding Capital Leases, compressor leases and leases of Hydrocarbon Interests), under leases or lease
agreements which would cause the aggregate amount of all payments made by the Group Members pursuant to all such leases or lease agreements, including, without limitation, any residual payments at the end of any lease, to exceed in any period of
twelve consecutive calendar months during the life of such leases the lesser of (a) $10,000,000 and (b) five percent (5%) of the Borrowing Base then in effect. 

Section 9.08 Proceeds of Notes. The Borrower will not permit the proceeds of the Notes to be used for any purpose other than those
permitted by Section 7.21. Neither Ultimate Parent, the Borrower nor any Person acting on behalf of either Ultimate Parent or the Borrower will take any action which could cause any of the Loan Documents to violate Regulations T, U or X or any
other regulation of the Board or to violate Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative
Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the
Board, as the case may be. 
 Section 9.09 ERISA Compliance. Neither Ultimate Parent nor the Borrower will, nor will they permit
any of their respective Subsidiaries to, at any time: 
 (a) engage in, or permit any ERISA Affiliate to engage in, any transaction in
connection with which Ultimate Parent, the Borrower, a Subsidiary or any ERISA Affiliate could 

  

					
		 	93	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
reasonably be expected to be subjected to either a material civil penalty assessed pursuant to subsections (c), (i), (l) or (m) of section 502 of ERISA or a material tax imposed by
Chapter 43 of Subtitle D of the Code; and 
 (b) fail to make, or permit any ERISA Affiliate to fail to make, full payment when
due of all material amounts which, under the provisions of any Plan, agreement relating thereto or applicable law, Ultimate Parent, the Borrower, a Subsidiary or any ERISA Affiliate is required to pay as contributions thereto. 

Section 9.10 Sale or Discount of Receivables. Except for receivables obtained by any Group Member out of the ordinary course of
business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course of business in
connection with the compromise or collection thereof and not in connection with any financing transaction, neither Ultimate Parent nor the Borrower will, nor will they permit any other Group Member to, discount or sell (with or without recourse) any
of its notes receivable or accounts receivable. 
 Section 9.11 Mergers, Etc. Neither Ultimate Parent nor the Borrower will, nor
will they permit any other Group Member to, merge into or with or consolidate with any other Person, or permit any other Person to merge into or consolidate with it, or sell, transfer, lease or otherwise dispose of (whether in one transaction or in
a series of transactions) all or substantially all of its Property to any other Person (whether now owned or hereafter acquired) or liquidate or dissolve (any such transaction, a “consolidation”); provided that (a) any
Group Member may participate in a consolidation with the Borrower (provided that the Borrower shall be the continuing or surviving entity), (b) any Group Member (other than the Borrower) may participate in a consolidation with another Group
Member (provided that if one of such Group Members is (i) a Wholly-Owned Subsidiary, and the other is not Ultimate Parent, then the surviving Person shall be a Wholly-Owned Subsidiary, (ii) a Credit Party, then the surviving Person shall
be a Credit Party and (iii) Ultimate Parent, then the surviving Person shall be Ultimate Parent), (c) any consolidation consisting of the liquidation or dissolution of a Group Member that does not own any Oil and Gas Properties or any
other Mortgaged Property if the Borrower determines in good faith that such liquidation or dissolution is in the best interests of Group Members, taken as a whole, and not materially disadvantageous to the Lenders, and (d) any merger or
consolidation of the Borrower with or into an Affiliate solely for the purpose of reorganizing the Borrower in another jurisdiction. 

Section 9.12 Sale of Properties and Termination of Swap Agreements. Neither Ultimate Parent nor the Borrower will, nor will they
permit any other Group Member to, sell, assign, farm-out, convey or otherwise transfer any Property or any interests in any Restricted Subsidiary or to terminate or otherwise monetize any Swap Agreement in respect of commodities except for: 

(a) the sale or other transfer of Hydrocarbons in the ordinary course of business; 

  

					
		 	94	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (b) farmouts, leases, subleases or assignments of undeveloped acreage (provided that if any such
undeveloped acreage has Proved Reserves associated with such acreage, such transfer must comply with Section 9.12(d)), assignments in connection with such farmouts, leases or subleases, deemed transfers of working interests under any joint
operating agreement as the result of electing (or being deemed to have elected) not to participate in the drilling operations for a new well and assignments under pooling or unitization agreements or similar contracts that are usual and customary in
the oil and gas exploration and production business; 
 (c) the sale, transfer of equipment (and related items of personal (but not real)
property) or other disposition that is obsolete or no longer necessary for the business of such Group Member or is replaced by equipment of at least comparable value and use; 

(d) the sale or other disposition (excluding Casualty Events) of any Oil and Gas Property that has Proved Reserves associated therewith, or
any interest therein, or any Credit Party owning Proved Reserves, or the termination or monetization of any Swap Agreement in respect of commodities; provided that 

(i) no Event of Default exists or results from such sale or disposition of Property or the termination or monetization of any Swap Agreement
in respect of commodities after giving effect, in each case, to the application of the proceeds thereof to pay the Secured Obligations; 

(ii) if any Borrowing Base Deficiency exists at the time of such sale or other disposition, 100% of the consideration received in respect of
such sale or other disposition or termination (other than (A) the assumption of liabilities relating to the Property sold or disposed of and (B) customary purchase price adjustments) shall be cash and such cash shall be applied, promptly
upon receipt, to pay the Secured Obligations until such time as no Borrowing Base Deficiency continues to exist; 
 (iii) the consideration
received in respect of such sale or other disposition or termination or monetization of any Swap Agreement in respect of commodities shall be equal to or greater than the fair market value of the Oil and Gas Property, interest therein or Credit
Party, subject of such sale or other disposition, or Swap Agreement subject of such termination or monetization (as reasonably determined by the board of directors (or its equivalent) of Ultimate Parent or, in the case of a transfer for
consideration of $15,000,000 or less, a Responsible Officer and, in either case and if requested by the Administrative Agent, the Borrower shall deliver a certificate of a Responsible Officer certifying to that effect); 

(iv) the aggregate value (which, for purposes of this Section 9.12, shall mean the value the Administrative Agent attributed to any such
Oil and Gas Property constituting Proved Reserves or Swap Agreement (after giving effect to all applicable discounting and risking applied to any such Proved Reserves) for purposes of the most recent determination of the Borrowing Base) of such Oil
and Gas Properties constituting Proved Reserves sold or disposed of and Swap Agreements terminated pursuant to this clause (d) in any period between two successive Scheduled Redetermination Effective Dates shall not exceed five percent
(5%) of the Borrowing Base then in effect; and 
 (v) if any such sale or other disposition is of a Credit Party owning Proved
Reserves, such sale or other disposition shall include all the Equity Interests of such Credit Party; 

  

					
		 	95	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (e) transfer of Properties between or among the Group Members, provided that any Lien therein
that secures any Secured Obligations is reaffirmed and granted by the related transferee and no intervening Lien in such Properties has been or is granted; 

(f) any Restricted Payment that does not breach Section 9.04; 

(g) the expiration or lapse of oil and gas leases, exploration tenement licenses, and subleases or sublicenses of any Group Member in the
ordinary course of business; 
 (h) the dilution or forfeiture of working interests of any Group Member pursuant to the operating agreements
or other instruments or agreements in the ordinary course of business; 
 (i) any Investments permitted by Section 9.05, provided that
any Investment made with Proved Reserves shall comply with Section 9.12(d); 
 (j) sales and other dispositions resulting from Casualty
Events; provided that if the aggregate value of such Oil and Gas Properties constituting Proved Reserves sold or disposed of pursuant to this clause (j) in any period between two successive Scheduled Redetermination Effective Dates exceeds five
percent (5%) of the Borrowing Base then in effect, then the Borrowing Base shall be reduced, effective immediately upon such sale or disposition, by an amount equal to the aggregate value assigned such Oil and Gas Properties constituting Proved
Reserves sold or disposed of pursuant to this clause (j); 
 (k) the sale or other transfer (whether or not in the ordinary course of
business) of Oil and Gas Properties; provided at the time of such sale or other transfer such Oil and Gas Properties do not have associated with them any Proved Reserves; and 

(l) the sale or other disposition to (i) Antero Resources Appalachian Corporation of any Oil & Gas Interest (as defined in the
Participation and Exploration Agreement referred to below) or other assets or property pursuant to that certain Participation and Exploration Agreement, effective as of February 11, 2012, by and between the Company and Antero Resources
Appalachian Corporation or (ii) Fossil Creek Energy Corporation in connection with any Right to Participate (as defined in the Purchase and Sale Agreement referred to below) pursuant to that certain Purchase and Sale Agreement dated as of
August 12, 2011 between Fossil Creek Energy Corporation and the Company. 
 Upon any sale or other disposition of any Property in compliance with this
Section 9.12, the Administrative Agent will, at the request and at the expense of the Borrower, promptly release such Property from all Liens under the Security Instruments. 

Section 9.13 Environmental Matters. Neither Ultimate Parent nor the Borrower will, nor will they permit any of their respective
Subsidiaries to, cause or permit any of its Property to be in violation of, or do anything or permit anything to be done which will subject any such 

  

					
		 	96	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
Property to a Release or threatened Release of Hazardous Materials, exposure to any Hazardous Materials, or to any Remedial Work under any Environmental Laws, assuming disclosure to the
applicable Governmental Authority of all relevant facts, conditions and circumstances, if any, pertaining to such Property where such violations, Release or threatened Release, exposure, or Remedial work could reasonably be expected to have a
Material Adverse Effect. 
 Section 9.14 Transactions with Affiliates. Neither Ultimate Parent nor the Borrower will, nor will
they permit any other Group Member to, enter into any transaction, including, without limitation, any purchase, sale, lease or exchange of Property or the rendering of any service, with any Affiliate, except that (a) such transactions that are
otherwise permitted under this Agreement and upon fair and reasonable terms no less favorable to the Group Member than the Group Member would obtain in a comparable arm’s length transaction with a Person not an Affiliate, (b) transactions
between or among the Group Members which do not involve any other Affiliates of the Borrower, (c) transactions described in Schedule 9.14 and (d) any Restricted Payment permitted by Section 9.04. 

Section 9.15 Subsidiaries. Neither Ultimate Parent nor the Borrower will, nor will they permit any other Group Member to, create
or acquire any additional Subsidiary or redesignate an Unrestricted Subsidiary as a Restricted Subsidiary unless Ultimate Parent gives written notice to the Administrative Agent of such creation or acquisition and complies with Section 8.14(b).
Neither Ultimate Parent nor the Borrower will, nor will they permit any other Group Member to, sell, assign or otherwise dispose of any Equity Interests in any Group Member to any Person other than a Credit Party except in compliance with
Section 9.12. Neither Ultimate Parent, the Borrower nor any other Group Member shall have any Foreign Subsidiaries. 

Section 9.16 Negative Pledge Agreements; Dividend Restrictions. Neither Ultimate Parent nor the Borrower will, nor will they
permit any other Group Member to, create, incur, assume or permit to exist any contract, agreement or understanding (other than (a) this Agreement, (b) the Security Instruments, (c) the agreements creating Liens permitted by
Section 9.03(d), (e), (f) and (g) and (d) Immaterial Title Deficiencies) which in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Property in favor of the Administrative
Agent and the Secured Parties to secure the Secured Obligations, or any portion thereof, or restricts any Group Member from paying dividends or making distributions to any Group Member, or which requires the consent of or notice to other Persons in
connection therewith, provided, that the preceding restrictions will not apply to encumbrances or restrictions arising under or by reason of (i) any restriction imposed pursuant to an agreement entered into for the direct or indirect
sale or disposition of all or substantially all the Equity Interests or Property of any Subsidiary (or the Property that is subject to such restriction) permitted by Section 9.12(d) or Section 9.12(j) pending the closing of such sale or
disposition, (ii) customary restrictions and conditions contained in any (A) agreement relating to any disposition of Property not prohibited hereunder, (B) customary and usual leases, licenses and permits, (C) agreement in
respect of Debt permitted by Section 9.02(d) (but only related to the property on which such Liens are created), (D) joint venture agreements to the extent they relate to distribution of Property of such joint venture, and
(E) agreements entered into in the ordinary course that restrict assignment of such agreement, and (iii) restrictions imposed by applicable Law. In construing and applying the definition of “Immaterial Title Deficiencies” for the
purposes of this section, contracts, agreements and understandings that prohibit or restrict Liens in favor of the Administrative Agent or the Secured Parties will be considered “title defects.” 

  

					
		 	97	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 Section 9.17 Gas Imbalances, Take-or-Pay or Other Prepayments. Neither Ultimate
Parent nor the Borrower will, nor will they permit any other Credit Party to, allow gas imbalances, take-or-pay or other prepayments with respect to the Oil and Gas Properties of any Credit Party that would require such Credit Party to deliver
Hydrocarbons at some future time without then or thereafter receiving full payment therefor to exceed one half bcf of gas (on an mcf equivalent basis) in the aggregate. 

Section 9.18 Swap Agreements. 

(a) Neither Ultimate Parent nor the Borrower will, nor will they permit any other Group Member to, enter into any Swap Agreements with any
Person other than: 
 (i) Subject to clause (b) of this Section 9.18, Swap Agreements with an Approved Counterparty in respect of
commodities entered into not for speculative purposes the notional volumes for which do not exceed, as of the date such Swap Agreement is entered into, the greater of: 

(A) for each month during the period during which such Swap Agreement is in effect, 80% of the reasonably anticipated production of crude
oil, natural gas and natural gas liquids, calculated separately and, in each case, as such production is projected from the Credit Parties’ Oil and Gas Properties constituting Proved Developed Producing Reserves as set forth on the most recent
Reserve Report delivered pursuant to the terms of this Agreement; 
 (B) a percentage as set forth in the table below for each month during
the applicable time periods of the reasonably anticipated production of crude oil, natural gas and natural gas liquids, calculated separately and, in each case, as such production is projected from the Credit Parties’ Oil and Gas Properties
constituting Proved Reserves as set forth on the most recent Reserve Report delivered pursuant to the terms of this Agreement: 
  

					
	 Period (relative to the date such Swap Agreement is entered into)
	  	Percentage Limitation	 
	 Months 1 – 12
	  	 	85	% 
	 Months 13 – 24
	  	 	80	% 
	 Months 25 – 36
	  	 	75	% 
	 Months 37 – 48
	  	 	70	% 
	 Months 49 – 60
	  	 	65	% 

 ; and 

  

					
		 	98	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (C) notwithstanding anything to the contrary contained in this Agreement, at the Borrower’s
election, for each month during the Specified Period, 80% of the reasonably anticipated production of crude oil, natural gas and natural gas liquids, calculated separately and, in each case, as such production is projected by a Financial Officer
from the Credit Parties’ Oil and Gas Properties; provided, however, that such Swap Agreements shall not, in any case, have a tenor of greater than five (5) years. It is understood that (x) the Credit Parties may enter
into (i) Swap Agreements relating to puts, floors, options or similar agreements and (ii) basis differential swaps on volumes already hedged pursuant to other Swap Contracts and (y) Swap Agreements in respect of commodities which may,
from time to time, “hedge” the same volumes, but different elements of commodity risk thereof, shall not be aggregated together when calculating the foregoing limitations on notional volumes. 

(ii) Swap Agreements in respect of interest rates with an Approved Counterparty, as follows: 

(A) Swap Agreements effectively converting interest rates from fixed to floating, the notional amounts of which (when aggregated with all
other Swap Agreements of the Credit Parties then in effect effectively converting interest rates from fixed to floating) do not exceed 50% of the then outstanding principal amount of the Credit Parties’ Debt for borrowed money which bears
interest at a fixed rate, and which Swap Agreements shall not, in any case, have a tenor beyond the maturity date of such Debt, and 
 (B)
Swap Agreements effectively converting interest rates from floating to fixed, the notional amounts of which (when aggregated with all other Swap Agreements of the Credit Parties then in effect effectively converting interest rates from floating to
fixed) do not exceed 75% of the then outstanding principal amount of the Credit Parties’ Debt for borrowed money which bears interest at a floating rate, and which Swap Agreements shall not, in any case, have a tenor beyond the maturity date of
such Debt. 
 (b) If, after the end of any calendar quarter, commencing with calendar quarter ending December 31, 2014, the Borrower
determines that the aggregate volume of all Swap Agreements in respect of commodities for which settlement payments were calculated in such calendar quarter (other than puts, floors or basis differential swaps on volumes hedged pursuant to other
Swap Agreements) exceeded 100% of actual production of Hydrocarbons in such calendar quarter, then the Borrower (i) shall promptly notify the Administrative Agent of such determination and (ii) shall, within 30 days of such determination,
terminate (only to the extent such terminations are permitted pursuant to Section 9.12), create off-setting positions, allocate volumes to other production of the Credit Parties for which the Credit Parties are marketing, or otherwise unwind or
monetize (only to the extent such unwinds or monetizations are permitted pursuant to Section 9.12) existing Swap Agreements such that, at such time, future hedging volumes will not exceed 100% of reasonably anticipated projected production for
the then-current and any succeeding calendar quarters. 
 (c) In no event shall any Swap Agreement contain any requirement, agreement or
covenant for any Group Member to post collateral or margin to secure their obligations under such Swap Agreement (other than pursuant to the Security Instruments or as set forth on Schedule 7.20). 

  

					
		 	99	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (d) Neither Ultimate Parent nor the Borrower will, nor will they permit any other Group Member
to, terminate or monetize any Swap Agreement in respect of commodities without the prior written consent of the Required Lenders except to the extent such terminations are permitted pursuant to Section 9.12; provided that for purposes of
this Section 9.18(d), a Swap Agreement (a “Replaced Swap Agreement”) shall not be deemed to have been terminated or monetized if, upon its termination, it is replaced, without cash payments to any Credit Party in connection
therewith, in a substantially contemporaneous transaction, with one or more Swap Agreements that cover all of the notional volumes hedged pursuant to such Replaced Swap Agreement on pricing and other economic terms at least as favorable to the
Credit Parties as those contained in such replaced Swap Agreement. 
 (e) For purposes of entering into or maintaining Swap Agreement trades
or transactions under Section 9.18(a)(i) and Section 9.18(b), respectively, forecasts of reasonably anticipated production from the Credit Parties’ Proved Reserves and Proved Developed Producing Reserves as set forth on the most
recent Reserve Report delivered pursuant to the terms of this Agreement, or projections of production from the Credit Parties’ Oil and Gas Properties made by a Financial Officer, as applicable, shall be revised to account for any increase or
decrease therein anticipated because of information obtained by the Credit Parties subsequent to the publication of such Reserve Report or projections, as applicable, including any Credit Parties’ internal forecasts of production decline rates
for existing wells and additions to or deletions from anticipated future production from new wells and completed acquisitions coming on stream or failing to come on stream. 

Section 9.19 Marketing Activities. Neither Ultimate Parent nor the Borrower will, nor will they permit any Restricted Subsidiary
to, engage in marketing activities for any Hydrocarbons or enter into any contracts related thereto other than (i) contracts in the ordinary course of business and not for speculative purposes for the sale of Hydrocarbons scheduled or
reasonably estimated to be produced from their Oil and Gas Properties during the period of such contract, (ii) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from Proved Reserves of third parties during
the period of such contract associated with the Oil and Gas Properties of the Credit Parties that a Credit Party has the right to market pursuant to joint operating agreements, unitization agreements or other similar contracts that are usual and
customary in the oil and gas business and (iii) other contracts for the purchase and/or sale of Hydrocarbons of third parties (A) which have generally offsetting provisions (i.e. corresponding pricing mechanics, delivery dates and points
and volumes) such that no “position” is taken and (B) for which appropriate credit support has been taken to alleviate the material credit risks of the counterparty thereto. 

Section 9.20 Designation and Conversion of Restricted and Unrestricted Subsidiaries. 

(a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of the date hereof or thereafter, assuming compliance with
Section 9.20(b), any Person that becomes a Subsidiary of Ultimate Parent or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary. 

(b) Ultimate Parent may designate by written notification thereof to the Administrative Agent, any Restricted Subsidiary, including a newly
formed or newly acquired 

  

					
		 	100	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
Subsidiary, as an Unrestricted Subsidiary if (i) prior, and after giving effect, to such designation, neither a Default nor a Borrowing Base Deficiency would exist and (ii) such
designation is deemed to be an Investment in an Unrestricted Subsidiary in an amount equal to the fair market value as of the date of such designation of the Ultimate Parent’s direct and indirect ownership interest in such Subsidiary and such
Investment would be permitted to be made at the time of such designation under Section 9.05(i). Except as provided in this Section 9.20(b), no Restricted Subsidiary may be redesignated as an Unrestricted Subsidiary. 

(c) Ultimate Parent may designate any Unrestricted Subsidiary to be a Restricted Subsidiary if after giving effect to such designation,
(i) the representations and warranties of the Group Members contained in each of the Loan Documents are true and correct in all material respects on and as of such date as if made on and as of the date of such redesignation, except that
(A) to the extent any such representations and warranties are expressly limited to an earlier date, such representations and warranties shall continue to be true and correct in all material respects as of such specified earlier date and
(B) to the extent that any such representation and warranty is qualified by materiality, such representation and warranty (as so qualified) shall continue to be true and correct in all respects, (ii) no Default would exist and
(iii) Ultimate Parent and the Borrower otherwise complies with the requirements of Section 8.14, Section 8.16 and Section 9.15. Any such designation shall be treated as a cash dividend in an amount equal to the lesser of the fair
market value of Ultimate Parent’s direct and indirect ownership interest in such Subsidiary or the amount of Ultimate Parent’s cash investment previously made for purposes of the limitation on Investments under Section 9.05(i). Any
Subsidiary of an Unrestricted Subsidiary shall also be deemed to be an Unrestricted Subsidiary. 
 Section 9.21 Permitted Bond
Documents. Neither Ultimate Parent nor the Borrower will, nor will they permit any other Group Member to, amend, modify or waive any provision of any Permitted 2013 Bond Document if the effect of such amendment, modification or waiver
(a) subjects a Credit Party to any additional material obligation, (b) increases the principal of Permitted 2013 Bond Debt to an amount in excess of $400,000,000 plus the amount of interest thereon paid in kind in accordance with the terms
of the Permitted 2013 Bond Documents or increases the rate of interest on any note evidencing Permitted 2013 Bond Debt, (c) accelerates the date fixed for any payment of principal or interest on any note evidencing the Permitted 2013 Bond Debt
to a date sooner than the date therein so provided, or (d) would change the percentage of holders of such notes evidencing the Permitted 2013 Bond Debt required for any such amendment, modification or waiver from the percentage required on the
date of issuance of any such notes evidencing the Permitted 2013 Bond Debt; provided that the Borrower may refinance Permitted 2013 Bond Debt to the extent permitted under Section 9.02(j). 

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

  

					
		 	101	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

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

(c) any representation or warranty made or deemed made by or on behalf of any Group Member in or in connection with any Loan Document or any
amendment or modification of any Loan Document or waiver under such Loan Document, or in any report, certificate, financial statement or other document furnished by or on behalf of any Group Members pursuant to or in connection with any Loan
Document or any amendment or modification thereof or waiver thereunder, shall prove to have been incorrect in any material respect when made or deemed made (or, to the extent that any such representation and warranty is qualified by materiality,
such representation and warranty (as so qualified) shall prove to have been incorrect in any respect when made or deemed made); 
 (d) any
Group Member shall fail to observe or perform any covenant, condition or agreement contained in Section 8.01(j), Section 8.02, Section 8.03, Section 8.14, Section 8.15, Section 8.17 or in Article IX; 

(e) any Group Member shall fail to observe or perform any covenant, condition or agreement contained in this Agreement (other than those
specified in Section 10.01(a), Section 10.01(b) or Section 10.01(d)) or any other Loan Document, and such failure shall continue unremedied for a period of thirty (30) days after a Financial Officer becomes aware of the
occurrence thereof; provided that to the extent any information is not provided within the time periods specified in such covenant, condition or agreement and, prior to the Administrative Agreement or any Lender taking any action permitted to be
taken pursuant to Section 10.02 during the continuance of such Event of Default, such information is subsequently provided, the Borrower will be deemed to have satisfied its obligations with respect thereto at such time and any Default with
respect thereto shall be deemed to have been cured; 
 (f) any Group Member shall fail to make any payment (whether of principal or interest
and after giving effect to any applicable grace period) in respect of any Material Indebtedness, when and as the same shall become due and payable; 

(g) any event or condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or that enables or
permits (with or without the giving of notice, the lapse of time or both) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the
Redemption thereof or any offer to Redeem to be made in respect thereof, prior to its scheduled maturity or requires any Group Member to make an offer in respect thereof; 

(h) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or
other relief in respect of any Group Member that is not an Immaterial Subsidiary or its debts, or of a substantial part of its assets, 

  

					
		 	102	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator,
conservator or similar official for any Group Member that is not an Immaterial Subsidiary or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for sixty (60) days or an order or
decree approving or ordering any of the foregoing shall be entered; 
 (i) any Group Member that is not an Immaterial Subsidiary shall
(i) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect,
(ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in Section 10.01(h), (iii) apply for or consent to the appointment of a receiver, trustee, custodian,
sequestrator, conservator or similar official for any Group Member that is not an Immaterial Subsidiary or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such
proceeding, (v) make a general assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing; 

(j) any Group Member that is not an Immaterial Subsidiary shall become unable, admit in writing its inability or fail generally to pay its
debts as they become due; 
 (k) (i) one or more judgments for the payment of money in an aggregate amount in excess of the Threshold
Amount (to the extent not covered by independent third party insurance provided by insurers of commercially acceptable paying rating or financial strength as to which the insurer does not dispute coverage and is not subject to an insolvency
proceeding) or (ii) any one or more non-monetary judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, shall be rendered against the any Group Member or any combination
thereof and, in each of the preceding instances, the same shall remain undischarged for a period of thirty (30) consecutive days during which execution shall not be effectively stayed or bonded, or any action shall be legally taken by a
judgment creditor to attach or levy upon any assets of any Group Member that is not an Immaterial Subsidiary to enforce any such judgment which action has not been stayed or bonded; 

(l) the Loan Documents after delivery thereof shall for any reason, except to the extent permitted by the terms thereof, cease to be in full
force and effect and valid, binding and enforceable in accordance with their terms against a Group Member that is not an Immaterial Subsidiary party thereto or shall be repudiated by any of them, or cease to create a valid and perfected Lien of the
priority required thereby on any of the collateral purported to be covered thereby, except to the extent permitted by the terms of this Agreement, any Group Member that is not an Immaterial Subsidiary or any of their Affiliates shall so state in
writing; 
 (m) a Change in Control shall occur; or 

(n) an ERISA Event shall have occurred that, when taken together with all other ERISA Events that have occurred and are continuing, would
reasonably be expected to result in a Material Adverse Effect. 

  

					
		 	103	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 Section 10.02 Remedies. 

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

(b) During the continuance of an Event of Default, the Administrative Agent and the Lenders will have all other rights and remedies available
at law and equity. 
 (c) Except as otherwise provided in Section 2.09(a)(ii), all proceeds realized from the liquidation or other
disposition of collateral or otherwise received after maturity of the Notes, whether by acceleration or otherwise, shall be applied: 
 (i)
first, to payment or reimbursement of that portion of the Secured Obligations constituting fees, expenses and indemnities payable to the Administrative Agent in its capacity as such pursuant to any Loan Document; 

(ii) second, pro rata to payment or reimbursement of that portion of the Secured Obligations constituting fees, expenses and
indemnities payable to the Lenders pursuant to any Loan Document; 
 (iii) third, pro rata to payment of accrued interest on the
Loans; 
 (iv) fourth, pro rata to payment of principal outstanding on the Loans, LC Disbursements that have not yet been reimbursed
by or on behalf of the Borrower at such time, and Secured Obligations referred to in Clause (b) of the definition of Secured Obligations owing to Secured Swap Providers; 

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

  

					
		 	104	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (vi) sixth, to serve as Cash Collateral, if then required, to be held by the
Administrative Agent to secure the remaining LC Exposure; and 
 (vii) seventh, any excess shall be paid to the Borrower or as
otherwise required by any Governmental Requirement. 
 Notwithstanding the foregoing, amounts received from any Credit Party that is not an
“eligible contract participant” under the Commodity Exchange Act shall not be applied to any Excluded Swap Obligations (it being understood, that in the event that any amount is applied to Secured Obligations other than Excluded Swap
Obligations as a result of this this clause, the Administrative Agent shall make such adjustments as it determines are appropriate to distributions pursuant to clause fourth above from amounts received from “eligible contract
participants” under the Commodity Exchange Act to ensure, as nearly as possible, that the proportional aggregate recoveries with respect to Secured Obligations described in clause fourth above by the holders of any Excluded Swap
Obligations are the same as the proportional aggregate recoveries with respect to other Secured Obligations pursuant to clause fourth above). 

ARTICLE XI 
 THE
ADMINISTRATIVE AGENT 
 Section 11.01 Appointment; Powers. Each of the Lenders and the Issuing Bank hereby irrevocably
appoints the Administrative Agent as its agent and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof and the other Loan Documents,
together with such actions and powers as are reasonably incidental thereto. 
 Section 11.02 Duties and Obligations of
Administrative Agent. The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be
subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing (the use of the term “agent” herein and in the other Loan Documents with reference to the Administrative Agent is not intended
to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law; rather, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative
relationship between independent contracting parties), (b) the Administrative Agent shall have no duty to take any discretionary action or exercise any discretionary powers, except as provided in Section 11.03, and (c) except as
expressly set forth herein, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to any Credit Party or any of their respective Subsidiaries that is communicated
to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the Administrative
Agent by the Borrower or a Lender, and shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document,
(ii) the contents of any certificate, report or other document delivered hereunder or under any other Loan Document or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other
terms or 

  

					
		 	105	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
conditions set forth herein or in any other Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement,
instrument or document, (v) the satisfaction of any condition set forth in Article VI or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent or as to those conditions precedent
expressly required to be to the Administrative Agent’s satisfaction, (vi) the existence, value, perfection or priority of any collateral security or the financial or other condition of any Group Member or any other obligor or guarantor, or
(vii) any failure by the Borrower or any other Person (other than itself) to perform any of its obligations hereunder or under any other Loan Document or the performance or observance of any covenants, agreements or other terms or conditions
set forth herein or therein. For purposes of determining compliance with the conditions specified in Article VI, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required
thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received written notice from such Lender prior to the proposed closing date specifying its objection thereto. 

Section 11.03 Action by Administrative Agent. The Administrative Agent shall have no duty to take any discretionary action or
exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise in writing as directed by the Majority Lenders (or such
other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 12.02) and in all cases the Administrative Agent shall be fully justified in failing or refusing to act hereunder or under any other
Loan Documents unless it shall (a) receive written instructions from the Majority Lenders or the Lenders, as applicable, (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in
Section 12.02) specifying the action to be taken and (b) be indemnified to its satisfaction by the Lenders against any and all liability and expenses which may be incurred by it by reason of taking or continuing to take any such action.
The instructions as aforesaid and any action taken or failure to act pursuant thereto by the Administrative Agent shall be binding on all of the Lenders. If a Default has occurred and is continuing, then the Administrative Agent shall take such
action with respect to such Default as shall be directed by the requisite Lenders in the written instructions (with indemnities) described in this Section 11.03, provided that, unless and until the Administrative Agent shall have
received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default as it shall deem advisable in the best interests of the Lenders. In no event,
however, shall the Administrative Agent be required to take any action which exposes the Administrative Agent to personal liability or which is contrary to this Agreement, the other Loan Documents or applicable law. If a Default has occurred and is
continuing, no Agent shall have any obligation to perform any act in respect thereof. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Majority Lenders or the Lenders (or
such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 12.02), and otherwise the Administrative Agent shall not be liable for any action taken or not taken by it hereunder or under
any other Loan Document or under any other document or instrument referred to or provided for herein or therein or in connection herewith or therewith INCLUDING ITS OWN ORDINARY NEGLIGENCE, except for its own gross negligence or willful misconduct.

  

					
		 	106	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 Section 11.04 Reliance by Administrative Agent. The Administrative Agent shall be
entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person.
The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person, and shall not incur any liability for relying thereon and each of the Borrower, the Lenders and the
Issuing Bank hereby waives the right to dispute the Administrative Agent’s record of such statement, except in the case of gross negligence or willful misconduct by the Administrative Agent. The Administrative Agent may consult with legal
counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. The
Administrative Agent may deem and treat the payee of any Note as the holder thereof for all purposes hereof unless and until a written notice of the assignment or transfer thereof permitted hereunder shall have been filed with the Administrative
Agent. 
 Section 11.05 Subagents. The Administrative Agent may perform any and all its duties and exercise its rights and
powers by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through their respective Related Parties.
The exculpatory provisions of the preceding Sections of this Article XI shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection
with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. 
 Section 11.06
Resignation of Administrative Agent. Subject to the appointment and acceptance of a successor Administrative Agent as provided in this Section 11.06, the Administrative Agent may resign at any time by notifying the Lenders, the Issuing
Bank and the Borrower. Upon any such resignation, the Majority Lenders shall have the right, in consultation with the Borrower, to appoint a successor. If no successor shall have been so appointed by the Majority Lenders and shall have accepted such
appointment within thirty (30) days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders and the Issuing Bank, appoint a successor Administrative Agent
which shall be a bank with an office in New York, New York, or an Affiliate of any such bank. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the
rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. The fees payable by the Borrower to a successor Administrative Agent
shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the Administrative Agent’s resignation hereunder, the provisions of this Article XI and Section 12.03 shall
continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as Administrative Agent. 

Section 11.07 Administrative Agent as Lender. The Administrative Agent hereunder shall have the same rights and powers in its
capacity as a Lender as any other Lender and may 

  

					
		 	107	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
exercise the same as though it were not the Administrative Agent, and the Administrative Agent and its Affiliates may accept deposits from, lend money to and generally engage in any kind of
business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not the Administrative Agent hereunder. 

Section 11.08 No Reliance. Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent,
any other Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and each other Loan Document to which it is a party. Each Lender
also acknowledges that it will, independently and without reliance upon the Administrative Agent, any other Agent or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its
own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document, any related agreement or any document furnished hereunder or thereunder. The Administrative Agent shall not be required to keep itself informed
as to the performance or observance by a Credit Party or any of their respective Subsidiaries of this Agreement, the other Loan Documents or any other document referred to or provided for herein or to inspect the Properties or books of any Credit
Party or any of their respective Subsidiaries. Except for notices, reports and other documents and information expressly required to be furnished to the Lenders by the Administrative Agent hereunder, neither the Administrative Agent nor the Arranger
shall have any duty or responsibility to provide any Lender with any credit or other information concerning the affairs, financial condition or business of the Borrower (or any of its Affiliates) which may come into the possession of such Agent or
any of its Affiliates. In this regard, each Lender acknowledges that Simpson Thacher & Bartlett LLP is acting in this transaction as special counsel to the Administrative Agent only, except to the extent otherwise expressly stated in any
legal opinion or any Loan Document. Each other party hereto will consult with its own legal counsel to the extent that it deems necessary in connection with the Loan Documents and the matters contemplated therein. 

Section 11.09 Administrative Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any Credit Party or any of their respective Subsidiaries, the Administrative Agent (irrespective of whether the principal of any Loan shall
then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or
otherwise: 
 (a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and
all other Secured Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent under Section 12.03) allowed in such judicial
proceeding; and 
 (b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the
same; 

  

					
		 	108	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such
judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the
Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Section 12.03. 

Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan
of reorganization, arrangement, adjustment or composition affecting the Secured Obligations or the rights of any Lender or to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding. 

Section 11.10 Authority of Administrative Agent to Release Collateral and Liens. Each Lender and the Issuing Bank hereby
authorizes the Administrative Agent to release any collateral, and to release any Person from its respective Security Instruments, in each case that is permitted to be sold or released, as the case may be, pursuant to the terms of the Loan
Documents. Each Lender and the Issuing Bank hereby authorizes the Administrative Agent to execute and deliver to the Borrower, at the Borrower’s sole cost and expense, any and all releases (whether regarding Liens, Persons or otherwise),
termination statements, assignments or other documents reasonably requested by the Borrower in connection with any sale or other disposition of Property or release of Person, to the extent such sale, other disposition or release is permitted by the
terms of Section 9.12 or is otherwise authorized by the terms of the Loan Documents. 
 Section 11.11 Agents. No Agent
other than the Administrative Agent shall have any duties, responsibilities or liabilities under this Agreement and the other Loan Documents other than their duties, responsibilities and liabilities in their capacity as a Lender hereunder. 

ARTICLE XII 

MISCELLANEOUS 

Section 12.01 Notices. 

(a) Except in the case of notices and other communications expressly permitted to be given by telephone and subject to Section 12.01(b),
all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile, as follows: 

(i) if to the Borrower, to it at: 

2121 Old Gatesburg Rd., Suite 110 

State College, Pennsylvania 16803 

Attention of Matthew DeNezza 

Fax: 408-393-4565 

  

					
		 	109	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (ii) If to the Administrative Agent or Issuing Bank, to it at: 

700 Louisiana Street, Suite 2100 

Houston, Texas 77002 

Attention: George Serice 

Tel: 713-546-9723 
 Fax:
713-223-4007 
 and 
 (iii)
if to any other Lender, to it at its address (or facsimile number) set forth in its Administrative Questionnaire or if the Administrative Questionnaire is not made available to the Borrower, then, with respect to those sent or delivered by the
Borrower, in care of the Administrative Agent. 
 (b) Notices and other communications to the Lenders hereunder may be delivered or
furnished by electronic communications pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Article II, Article III, Article IV and Article V unless otherwise agreed
by the Administrative Agent and the applicable Lender. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by
it; provided that approval of such procedures may be limited to particular notices or communications. 
 (c) Any party hereto may
change its address or facsimile number for notices and other communications hereunder by notice to the other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be
deemed to have been given on the date of receipt. 
 Section 12.02 Waivers; Amendments. 

(a) No failure on the part of the Administrative Agent, any other Agent, the Issuing Bank or any Lender to exercise and no delay in
exercising, and no course of dealing with respect to, any right, power or privilege, or any abandonment or discontinuance of steps to enforce such right, power or privilege, under any of the Loan Documents shall operate as a waiver thereof, nor
shall any single or partial exercise of any right, power or privilege under any of the Loan Documents preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies of the
Administrative Agent, any other Agent, the Issuing Bank and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this
Agreement or any other Loan Document or consent to any departure by the Borrower therefrom shall in any event be effective unless the same shall be permitted by Section 12.02(b), and then such waiver or consent shall be effective only in the
specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the
Administrative Agent, any other Agent, any Lender or the Issuing Bank may have had notice or knowledge of such Default at the time. 

  

					
		 	110	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (b) Neither this Agreement nor any provision hereof nor any Security Instrument nor any provision
thereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Borrower, each Restricted Subsidiary a party thereto and the Majority Lenders or by the Borrower, each Restricted Subsidiary a
party thereto and the Administrative Agent with the consent of the Majority Lenders; provided that no such agreement shall (i) increase the Commitment, Elected Commitment or the Maximum Credit Amount of any Lender without the written
consent of such Lender, (ii) increase the Borrowing Base without the written consent of the Borrowing Base Increase Requisite Lenders, decrease or maintain the Borrowing Base without the consent of the Required Lenders, or otherwise modify
Section 2.07 in any manner without the consent of each Lender (other than any Defaulting Lender); provided that a Scheduled Redetermination may be postponed by the Required Lenders, (iii) reduce the principal amount of any Loan or
LC Disbursement or reduce the rate of interest thereon, or reduce any fees payable hereunder, or reduce any other Secured Obligations hereunder or under any other Loan Document, without the written consent of each Lender affected thereby,
(iv) postpone the scheduled date of payment or prepayment of the principal amount of any Loan or LC Disbursement, or any interest thereon, or any fees payable hereunder, or any other Secured Obligations hereunder or under any other Loan
Document, or reduce the amount of, waive or excuse any such payment, or postpone or extend the Termination Date without the written consent of each Lender affected thereby, (v) change Section 4.01(b) or Section 4.01(c) in a manner
that would alter the pro rata sharing of payments required thereby, without the written consent of each Lender, (vi) waive or amend Section 3.04(c), Section 6.01, Section 8.14, Section 10.02(c) or Section 12.14 or
change the definition of the terms “Domestic Subsidiary”, “Foreign Subsidiary”, or “Subsidiary”, without the written consent of each Lender (other than any Defaulting Lender), (vii) release any Guarantor (except as
set forth in the Guaranty Agreement), release all or substantially all of the collateral (other than as provided in Section 11.10), or reduce the percentage set forth in Section 8.14(a) to less than 80%, without the written consent of each
Lender (other than any Defaulting Lender), or (viii) change any of the provisions of this Section 12.02(b) or the definitions of “Majority Lenders”, “Required Lenders”, “Borrowing Base Increase Requisite
Lenders” or any other provision hereof specifying the number or percentage of the Lenders required to waive, amend or modify any rights hereunder or under any other Loan Documents or make any determination or grant any consent hereunder or any
other Loan Documents, without the written consent of each Lender (other than any Defaulting Lender); provided further that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent, any other
Agent, or the Issuing Bank hereunder or under any other Loan Document without the prior written consent of the Administrative Agent, such other Agent or the Issuing Bank, as the case may be. Notwithstanding the foregoing, any supplement to
Schedule 7.14 (Subsidiaries) shall be effective simply by delivering to the Administrative Agent a supplemental schedule clearly marked as such and, upon receipt, the Administrative Agent will promptly deliver a copy thereof to the Lenders.

 Section 12.03 Expenses, Indemnity; Damage Waiver. 

(a) The Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the Administrative Agent and its Affiliates, including,
without limitation, the reasonable fees, charges and disbursements of one counsel for the Administrative Agent and its Affiliates (and as required by a firm of local counsel in each appropriate jurisdiction and in the case of an actual or

  

					
		 	111	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
potential conflict of interest, one additional firm of counsel to the affected Lenders) and to the extent necessary as determined by the Administrative Agent, other outside consultants for the
Administrative Agent, the reasonable travel, photocopy, mailing, courier, telephone and other similar expenses, and the cost of environmental invasive and non-invasive assessments and audits and surveys and appraisals, in each case, in connection
with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration (both before and after the execution hereof and including advice of counsel to the Administrative Agent as to the
rights and duties of the Administrative Agent and the Lenders with respect thereto) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of or consents related to the provisions hereof or thereof (whether or
not the transactions contemplated hereby or thereby shall be consummated), (ii) all out-of-pocket costs, expenses, Taxes, assessments and other charges incurred by any Agent or any Lender, including the costs, expenses and other charges of
counsel for the Administrative Agent and the Lenders, in connection with any filing, registration, recording or perfection of any security interest contemplated by this Agreement or any Security Instrument or any other document referred to therein,
(iii) all reasonable out-of-pocket expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iv) all out-of-pocket expenses
incurred by any Agent, the Issuing Bank or any Lender, including the fees, charges and disbursements of any counsel for any Agent, the Issuing Bank or any Lender, in connection with the enforcement or protection of its rights in connection with this
Agreement or any other Loan Document, including its rights under this Section 12.03, or in connection with the Loans made or Letters of Credit issued hereunder, including, without limitation, all such out-of-pocket expenses incurred during any
workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 
 (b) THE BORROWER SHALL INDEMNIFY EACH AGENT, THE
ARRANGER, THE ISSUING BANK AND EACH LENDER, AND EACH RELATED PARTY OF ANY OF THE FOREGOING PERSONS (EACH SUCH PERSON BEING CALLED AN “INDEMNITEE”) AGAINST, AND DEFEND AND HOLD EACH INDEMNITEE HARMLESS FROM, ANY AND ALL LOSSES,
CLAIMS, DAMAGES, PENALTIES, LIABILITIES AND RELATED EXPENSES, INCLUDING THE REASONABLE FEES, CHARGES AND DISBURSEMENTS OF ANY COUNSEL FOR ANY INDEMNITEE, INCURRED BY OR ASSERTED AGAINST ANY INDEMNITEE ARISING OUT OF, IN CONNECTION WITH, OR AS A
RESULT OF, (i) THE EXECUTION OR DELIVERY OF THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR ANY AGREEMENT OR INSTRUMENT CONTEMPLATED HEREBY OR THEREBY, THE PERFORMANCE BY THE PARTIES HERETO OR THE PARTIES TO ANY OTHER LOAN DOCUMENT OF THEIR
RESPECTIVE OBLIGATIONS HEREUNDER OR THEREUNDER OR THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED HEREBY OR BY ANY OTHER LOAN DOCUMENT, (ii) THE FAILURE OF THE BORROWER OR ANY RESTRICTED SUBSIDIARY TO COMPLY WITH THE TERMS OF ANY LOAN
DOCUMENT, INCLUDING THIS AGREEMENT, OR WITH ANY GOVERNMENTAL REQUIREMENT, (iii) ANY INACCURACY OF ANY REPRESENTATION OR ANY BREACH OF ANY WARRANTY OR COVENANT OF ANY CREDIT PARTY SET FORTH IN ANY OF THE LOAN DOCUMENTS OR ANY INSTRUMENTS,
DOCUMENTS OR CERTIFICATIONS DELIVERED IN CONNECTION THEREWITH, (iv) ANY LOAN OR LETTER OF CREDIT OR THE USE OF THE PROCEEDS THEREFROM, INCLUDING, 

  

					
		 	112	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
WITHOUT LIMITATION, (A) ANY REFUSAL BY THE ISSUING BANK TO HONOR A DEMAND FOR PAYMENT UNDER A LETTER OF CREDIT IF THE DOCUMENTS PRESENTED IN CONNECTION WITH SUCH DEMAND DO NOT STRICTLY
COMPLY WITH THE TERMS OF SUCH LETTER OF CREDIT, OR (B) THE PAYMENT OF A DRAWING UNDER ANY LETTER OF CREDIT NOTWITHSTANDING THE NON-COMPLIANCE, NON-DELIVERY OR OTHER IMPROPER PRESENTATION OF THE DOCUMENTS PRESENTED IN CONNECTION THEREWITH,
(v) ANY OTHER ASPECT OF THE LOAN DOCUMENTS, (vi) THE OPERATIONS OF THE BUSINESS OF THE CREDIT PARTIES AND THEIR RESPECTIVE SUBSIDIARIES BY THE CREDIT PARTIES AND THEIR RESPECTIVE SUBSIDIARIES, (vii) ANY ASSERTION THAT THE LENDERS WERE
NOT ENTITLED TO RECEIVE THE PROCEEDS RECEIVED PURSUANT TO THE SECURITY INSTRUMENTS, (viii) ANY ENVIRONMENTAL LAW APPLICABLE TO THE BORROWER OR ANY SUBSIDIARY OR ANY OF THEIR PROPERTIES OR OPERATIONS, INCLUDING, THE PRESENCE, GENERATION,
STORAGE, RELEASE, THREATENED RELEASE, USE, TRANSPORT, DISPOSAL, ARRANGEMENT OF DISPOSAL OR TREATMENT OF HAZARDOUS MATERIALS ON OR AT ANY OF THEIR PROPERTIES, (ix) THE BREACH OR NON-COMPLIANCE BY THE BORROWER OR ANY SUBSIDIARY WITH ANY
ENVIRONMENTAL LAW APPLICABLE TO THE BORROWER OR ANY SUBSIDIARY, (x) THE PAST OWNERSHIP BY THE BORROWER OR ANY SUBSIDIARY OF ANY OF THEIR PROPERTIES OR PAST ACTIVITY ON ANY OF THEIR PROPERTIES WHICH, THOUGH LAWFUL AND FULLY PERMISSIBLE AT THE
TIME, COULD RESULT IN PRESENT LIABILITY, (xi) THE PRESENCE, USE, RELEASE, STORAGE, TREATMENT, DISPOSAL, GENERATION, THREATENED RELEASE, TRANSPORT, ARRANGEMENT FOR TRANSPORT OR ARRANGEMENT FOR DISPOSAL OF HAZARDOUS MATERIALS ON OR AT ANY OF THE
PROPERTIES OWNED OR OPERATED BY THE BORROWER OR ANY SUBSIDIARY OR ANY ACTUAL OR ALLEGED PRESENCE OR RELEASE OF HAZARDOUS MATERIALS ON OR FROM ANY PROPERTY OWNED OR OPERATED BY THE CREDIT PARTIES AND THEIR RESPECTIVE SUBSIDIARIES, (xii) ANY
ENVIRONMENTAL LIABILITY RELATED IN ANY WAY TO THE CREDIT PARTIES AND THEIR RESPECTIVE SUBSIDIARIES, OR (xiii) ANY OTHER ENVIRONMENTAL, HEALTH OR SAFETY CONDITION IN CONNECTION WITH THE LOAN DOCUMENTS, OR (xiv) ANY ACTUAL OR PROSPECTIVE
CLAIM, LITIGATION, INVESTIGATION OR PROCEEDING RELATING TO ANY OF THE FOREGOING, WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY AND REGARDLESS OF WHETHER ANY INDEMNITEE IS A PARTY THERETO, AND SUCH INDEMNITY SHALL EXTEND TO EACH INDEMNITEE
NOTWITHSTANDING THE SOLE OR CONCURRENT NEGLIGENCE OF EVERY KIND OR CHARACTER WHATSOEVER, WHETHER ACTIVE OR PASSIVE, WHETHER AN AFFIRMATIVE ACT OR AN OMISSION, INCLUDING WITHOUT LIMITATION, ALL TYPES OF NEGLIGENT CONDUCT IDENTIFIED IN THE RESTATEMENT
(SECOND) OF TORTS OF ONE OR MORE OF THE INDEMNITEES OR BY REASON OF STRICT LIABILITY IMPOSED WITHOUT FAULT ON ANY ONE OR MORE OF THE INDEMNITEES; provided THAT SUCH INDEMNITY SHALL NOT, AS TO ANY INDEMNITEE, BE AVAILABLE TO THE EXTENT THAT
SUCH LOSSES, CLAIMS, DAMAGES, LIABILITIES OR RELATED EXPENSES (A) ARE DETERMINED BY A COURT OF COMPETENT JURISDICTION BY FINAL AND NONAPPEALABLE 

  

					
		 	113	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
JUDGMENT TO HAVE RESULTED FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SUCH INDEMNITEE, (B) ARISE SOLELY BY REASON OF A CLAIM (y) BY ONE OR MORE INDEMNITEES AGAINST ONE OR MORE
OTHER INDEMNITEES OR (z) BY AN OWNER OF EQUITY INTEREST OF AN INDEMNITEE AGAINST ONE OR MORE OTHER INDEMNITEES, SO LONG AS, IN EITHER CASE, SUCH CLAIM IS NOT PROXIMATELY CAUSED BY A BREACH OF, OR DEFAULT UNDER, A LOAN DOCUMENT BY OR WITH
RESPECT TO A CREDIT PARTY, OR (C) IS INCURRED BY ANY DEFAULTING LENDER TO THE EXTENT DIRECTLY ARISING FROM THE CONDUCT, ACTS, OR OMISSIONS OF SUCH DEFAULTING LENDER THAT WERE THE CAUSE OF SUCH LENDER’S BECOMING A DEFAULTING LENDER;
PROVIDED, HOWEVER, THAT NOTHING HEREIN SHALL BE DEEMED TO LIMIT ANY CREDIT PARTY’S PAYMENT OBLIGATIONS UNDER ANY OTHER PROVISION OF THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AS A RESULT OF SUCH LENDER’S BECOMING A DEFAULTING LENDER.
NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, NO DEFAULTING LENDER WILL BE REIMBURSED FOR, INDEMNIFIED AGAINST, OR HELD HARMLESS FROM, COSTS AND EXPENSES ARISING FROM THE REPLACEMENT OF SUCH DEFAULTING LENDER. THIS SECTION 12.03(b) SHALL NOT
APPLY WITH RESPECT TO TAXES OTHER THAN ANY TAXES THAT REPRESENT LOSSES, CLAIMS, DAMAGES, PENALTIES, LIABILITIES AND RELATED EXPENSES ARISING FROM ANY NON-TAX CLAIM. 

(c) To the extent that the Borrower fails to pay any amount required to be paid by it to any Agent, the Arranger or the Issuing Bank under
Section 12.03(a) or (b), each Lender severally agrees to pay to such Agent, the Arranger or the Issuing Bank, as the case may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or
indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against such Agent, the Arranger or
the Issuing Bank in its capacity as such. 
 (d) To the extent permitted by applicable law, no Indemnitee or Credit Party shall assert, and
each hereby waives, any claim against any other Indemnitee or Credit Party, as the case may be, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. 

(e) All amounts due under this Section 12.03 shall be payable within ten (10) Business Days following the Borrower’s receipt of
each related statement or invoice, each in reasonable and customary detail. 
 Section 12.04 Successors and Assigns. 

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit), except that (i) the 

  

					
		 	114	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by the Borrower
without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section 12.04. Nothing in this Agreement, expressed or implied, shall be
construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in
Section 12.04(c)) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Bank and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

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

(A) the Borrower, provided that no consent of the Borrower shall be required if such assignment is to a Lender, an Affiliate of a
Lender, an Approved Fund or, if an Event of Default has occurred and is continuing, is to any other assignee; and 
 (B) the Administrative
Agent, provided that no consent of the Administrative Agent shall be required for an assignment to an assignee that is a Lender immediately prior to giving effect to such assignment. 

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

(A) except in the case of an assignment to a Lender or an Affiliate of a Lender or an assignment of the entire remaining amount of the
assigning Lender’s Commitment or Loans, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the
Administrative Agent) shall not be less than $5,000,000 unless each of the Borrower and the Administrative Agent otherwise consent, provided that no such consent of the Borrower shall be required if an Event of Default has occurred and is
continuing; 
 (B) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights
and obligations under this Agreement; 
 (C) the parties to each assignment shall execute and deliver to the Administrative Agent an
Assignment and Assumption, together with a processing and recordation fee of $3,500 (which is not reimbursable from the Borrower except as herein expressly provided); 

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

  

					
		 	115	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (E) in no event may any Lender assign all or a portion of its rights and obligations under this
Agreement to the Borrower, any Affiliate of the Borrower or any natural person. 
 (iii) Subject to Section 12.04(b)(iv) and the
acceptance and recording thereof, from and after the effective date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the
rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of
an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Section 5.01,
Section 5.02, Section 5.03 and Section 12.03). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 12.04 shall be treated for purposes of this Agreement as a
sale by such Lender of a participation in such rights and obligations in accordance with Section 12.04(c). 
 (iv) The Administrative
Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the
Maximum Credit Amount and Elected Commitment of, and principal amount (and stated interest) of the Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the
Register shall be conclusive absent manifest error, and the Borrower, the Administrative Agent, the Issuing Bank and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for
all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower, the Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable prior notice. In
connection with any changes to the Register, if necessary, the Administrative Agent will reflect the revisions on Annex I and forward a copy of such revised Annex I to the Borrower, the Issuing Bank and each Lender. 

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

  

					
		 	116	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
remain solely responsible to the other parties hereto for the performance of such obligations and (C) the Borrower, the Administrative Agent, the Issuing Bank and the other Lenders shall
continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender
shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of
the Participant, agree to any amendment, modification or waiver described in the proviso to Section 12.02 that affects such Participant. In addition such agreement must provide that the Participant be bound by the provisions of
Section 12.03. Subject to Section 12.04(c)(ii), the Borrower agrees that each Participant shall be entitled to the benefits of Section 5.01, Section 5.02 and Section 5.03 (subject to the requirements and limitations therein,
including the requirements under Section 5.03(f) (it being understood that the documentation required under Section 5.03(f) shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its
interest by assignment pursuant to Section 12.04(b); provided that such Participant agrees to be subject to the provisions of Section 5.04 as it is was a Lender and had accepted it interest by an assignment pursuant to
Section 12.04(b). To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 12.08 as though it were a Lender, provided such Participant agrees to be subject to Section 4.01(c) as though it were
a Lender. Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of
each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register
(including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such
disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be
conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the
avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(ii) A Participant shall not be entitled to receive any greater payment under Section 5.01 or Section 5.03 than the applicable
Lender would have been entitled to receive with respect to the participation sold to such Participant, except to the extent such entitlement to a greater payment results from a Change in Law that occurs after the Participant acquired the applicable
participation or the sale of the participation to such Participant is made with the Borrower’s prior written consent. 
 (d) Any Lender
may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including, without limitation, any pledge or assignment to secure obligations to a Federal Reserve
Bank, and this Section 12.04(d) shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or
substitute any such pledgee or assignee for such Lender as a party hereto. 

  

					
		 	117	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 (e) Notwithstanding any other provisions of this Section 12.04, no transfer or assignment of
the interests or obligations of any Lender or any grant of participations therein shall be permitted if such transfer, assignment or grant would require any Credit Party to file a registration statement with the SEC or to qualify the Loans under the
“Blue Sky” laws of any state. 
 Section 12.05 Survival; Revival; Reinstatement. 

(a) All covenants, agreements, representations and warranties made by the Borrower herein and in the certificates or other instruments
delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been reasonably and in good faith relied upon by the other parties hereto and shall survive the execution and delivery of this
Agreement and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, any other Agent, the Issuing Bank or any
Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan
or any fee or any other amount payable under this Agreement is outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments have not expired or terminated. Whenever the principal of and all interest on the Loans and
all fees or other amounts payable under this Agreement have been paid in full, all Letters of Credit have been terminated (or arrangements satisfactory to the Issuing Bank have been made for any continuing Letters of Credit), and all Commitments
have expired or terminated, the Administrative Agent will, at the request and at the expense of the Borrower, confirm the termination of the Loan Documents to the Borrower and release or terminate (in recordable form, where appropriate) all Liens,
assignments, security interests and financing statements under the Loan Documents, provided that the provisions of Section 5.01, Section 5.02, Section 5.03 and Section 12.03 and Article XI shall survive and remain in full force
and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement, any other Loan Document
or any provision hereof or thereof. 
 (b) To the extent that any payments on the Secured Obligations or proceeds of any collateral are
subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, debtor in possession, receiver or other Person under any bankruptcy law, common law or equitable cause, then to such extent, the
Secured Obligations so satisfied shall be revived and continue as if such payment or proceeds had not been received and the Administrative Agent’s and the Lenders’ Liens, security interests, rights, powers and remedies under this Agreement
and each Loan Document shall continue in full force and effect. In such event, each Loan Document shall be automatically reinstated and the Borrower shall take such action as may be reasonably requested by the Administrative Agent and the Lenders to
effect such reinstatement. 

  

					
		 	118	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 Section 12.06 Counterparts; Integration; Effectiveness. 

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

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

Section 12.08 Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and each of its
Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations
(of whatsoever kind, including, without limitations obligations under Swap Agreements) at any time owing by such Lender or Affiliate to or for the credit or the account of the Borrower or any Restricted Subsidiary against any of and all the
obligations of the Borrower or any Restricted Subsidiary owed to such Lender now or hereafter existing under this Agreement or any other Loan Document, irrespective of whether or not such Lender shall have made any demand under this Agreement or any
other Loan Document and although such obligations may be unmatured. The rights of each Lender under this Section 12.08 are in addition to other rights and remedies (including other rights of setoff) which such Lender or its Affiliates may have.

  

					
		 	119	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 Section 12.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS. 

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

(b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THE LOAN DOCUMENTS MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED
STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, IN EITHER CASE LOCATED IN NEW YORK COUNTY, NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH PARTY HEREBY ACCEPTS FOR ITSELF AND (TO THE EXTENT PERMITTED BY LAW) IN RESPECT OF
ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE NON-EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING, WITHOUT LIMITATION, ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF
FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY SUCH ACTION OR PROCEEDING IN SUCH RESPECTIVE JURISDICTIONS. THIS SUBMISSION TO JURISDICTION IS NON-EXCLUSIVE AND DOES NOT PRECLUDE A PARTY FROM OBTAINING JURISDICTION
OVER ANOTHER PARTY IN ANY COURT OTHERWISE HAVING JURISDICTION. 
 (c) EACH PARTY IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OF ANY OF
THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO IT AT THE ADDRESS SPECIFIED IN SECTION 12.01 OR SUCH OTHER ADDRESS AS IS SPECIFIED PURSUANT TO SECTION
12.01 (OR ITS ASSIGNMENT AND ASSUMPTION), SUCH SERVICE TO BECOME EFFECTIVE THIRTY (30) DAYS AFTER SUCH MAILING. NOTHING HEREIN SHALL AFFECT THE RIGHT OF A PARTY OR ANY HOLDER OF A NOTE TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO
COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANOTHER PARTY IN ANY OTHER JURISDICTION. 
 (d) EACH PARTY HEREBY
(i) IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN; (ii) IRREVOCABLY
WAIVES, TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW, ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY SUCH LITIGATION ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES, OR DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES;
(iii) CERTIFIES THAT NO PARTY HERETO NOR ANY REPRESENTATIVE OR AGENT 

  

					
		 	120	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
OR COUNSEL FOR ANY PARTY HERETO HAS REPRESENTED, EXPRESSLY OR OTHERWISE, OR IMPLIED THAT SUCH PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS, AND
(iv) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT, THE LOAN DOCUMENTS AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS CONTAINED IN THIS SECTION 12.09. 

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

Section 12.11 Confidentiality. Each of the Administrative Agent, the Issuing Banks and the Lenders agrees (for itself and each of
its Related Parties) to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal
counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested
by any regulatory authority having jurisdiction over it, (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement or any other Loan Document,
(e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder,
(f) subject to an agreement containing provisions substantially the same as those of this Section 12.11, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations
under this Agreement or (ii) any actual or prospective Secured Swap Provider (or its advisors), (g) with the consent of the Borrower or (h) to the extent such Information (i) becomes publicly available other than as a result of a
breach of this Section 12.11 or (ii) becomes available to the Administrative Agent, the Issuing Bank or any Lender on a nonconfidential basis from a source other than the Borrower. For the purposes of this Section 12.11,
“Information” means all information received from the Borrower or any Restricted Subsidiary relating to the Borrower or any Restricted Subsidiary and their businesses, other than any such information that is available to the Administrative
Agent, the Issuing Bank or any Lender on a nonconfidential basis prior to disclosure by the Borrower or a Restricted Subsidiary; provided that, in the case of information received from the Borrower or any Restricted Subsidiary after the date
hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section 12.11 shall be considered to have complied with its
obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. Notwithstanding anything herein to the contrary,
“Information” shall not include, and the Borrower, the Borrower’s Subsidiaries, the Administrative Agent, each Lender and the respective Affiliates of each of the foregoing (and the respective partners, directors, officers, employees,
agents, advisors and other representatives of the aforementioned Persons), and any other party, may disclose to any and all Persons, without limitation of any kind (a) any information with respect to the United States federal and state income
tax treatment of the transactions contemplated hereby and any facts that may be relevant to understanding the United States federal or state income tax 

  

					
		 	121	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
treatment of such transactions (“tax structure”), which facts shall not include for this purpose the names of the parties or any other person named herein, or information that would
permit identification of the parties or such other persons, or any pricing terms or other nonpublic business or financial information that is unrelated to such tax treatment or tax structure, and (b) all materials of any kind (including
opinions or other tax analyses) that are provided to the Borrower, the Administrative Agent or such Lender relating to such tax treatment or tax structure. 

Section 12.12 Interest Rate Limitation. It is the intention of the parties hereto that each Lender and Issuing Bank shall conform
strictly to usury laws applicable to it. Accordingly, if the transactions contemplated hereby would be usurious as to any Lender or Issuing Bank under laws applicable to it (including the laws of the United States of America and the State of Texas
or any other jurisdiction whose laws may be mandatorily applicable to such Lender or Issuing Bank notwithstanding the other provisions of this Agreement), then, in that event, notwithstanding anything to the contrary in any of the Loan Documents or
any agreement entered into in connection with or as security for the Notes or any other Secured Obligations, it is agreed as follows: (i) the aggregate of all consideration which constitutes interest under law applicable to any Lender or
Issuing Bank that is contracted for, taken, reserved, charged or received by such Lender or Issuing Bank under any of the Loan Documents or agreements or otherwise in connection with the Notes or other Secured Obligations shall under no
circumstances exceed the maximum amount allowed by such applicable law, and any excess shall be canceled automatically and if theretofore paid shall be credited by such Lender or Issuing Bank on the principal amount of the Secured Obligations (or,
to the extent that the principal amount of the Secured Obligations shall have been or would thereby be paid in full, refunded by such Lender or Issuing Bank to the Borrower); and (ii) in the event that the maturity of the Notes or other portion
of the Secured Obligations is accelerated (in whole or part) by reason of an election of the holder thereof resulting from any Event of Default under this Agreement or otherwise, or in the event of any required or permitted prepayment, then such
consideration that constitutes interest under law applicable to any Lender or Issuing Bank may never include more than the maximum amount allowed by such applicable law, and excess interest, if any, provided for in this Agreement or otherwise shall
be canceled automatically by such Lender or Issuing Bank as of the date of such acceleration or prepayment and, if theretofore paid, shall be credited by such Lender or Issuing Bank on the principal amount of the Secured Obligations (or, to the
extent that the principal amount of the Secured Obligations shall have been or would thereby be paid in full, refunded by such Lender or Issuing Bank to the Borrower). All sums paid or agreed to be paid to any Lender or Issuing Bank for the use,
forbearance or detention of sums due hereunder shall, to the extent permitted by law applicable to such Lender or Issuing Bank, be amortized, prorated, allocated and spread throughout the stated term of the Loans evidenced by the Notes or other
Secured Obligations until payment in full so that the rate or amount of interest on account of any Loans or such Secured Obligations hereunder does not exceed the maximum amount allowed by such applicable law. If at any time and from time to time
(i) the amount of interest payable to any Lender or Issuing Bank on any date shall be computed at the Highest Lawful Rate applicable to such Lender or Issuing Bank pursuant to this Section 12.12 and (ii) in respect of any subsequent
interest computation period the amount of interest otherwise payable to such Lender or Issuing Bank would be less than the amount of interest payable to such Lender or Issuing Bank computed at the Highest Lawful Rate applicable to such Lender or
Issuing Bank, then the amount of interest payable to such Lender or 

  

					
		 	122	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
Issuing Bank in respect of such subsequent interest computation period shall continue to be computed at the Highest Lawful Rate applicable to such Lender or Issuing Bank until the total amount of
interest payable to such Lender or Issuing Bank shall equal the total amount of interest which would have been payable to such Lender or Issuing Bank if the total amount of interest had been computed without giving effect to this Section 12.12.
To the extent that Chapter 303 of the Texas Finance Code is relevant for the purpose of determining the Highest Lawful Rate applicable to a Lender or an Issuing Bank, such Lender or Issuing Bank elects to determine the applicable rate ceiling under
such Chapter by the weekly ceiling from time to time in effect. Chapter 346 of the Texas Finance Code does not apply to the Borrower’s obligations hereunder. 

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

Section 12.14 Collateral Matters; Swap Agreements. The benefit of the Security Instruments and of the provisions of this Agreement
relating to any collateral securing the Secured Obligations shall also extend to and be available to the Secured Swap Providers with respect to any Swap Agreement including any Swap Agreement in existence prior to the date hereof, but excluding any
additional transactions or confirmations entered into (a) after such Secured Swap Provider ceases to be a Lender or an Affiliate of a Lender or (b) after assignment by a Secured Swap Provider to another Secured Swap Provider that is not a
Lender or an Affiliate of a Lender. No Lender or any Affiliate of a Lender shall have any voting or consent rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap Agreements. 

Section 12.15 No Third Party Beneficiaries. This Agreement, the other Loan Documents, and the agreement of the Lenders to make
Loans and the Issuing Bank to issue, amend, renew or extend Letters of Credit hereunder are solely for the benefit of the Borrower, and no other Person (including, without limitation, any Subsidiary of the Borrower, any obligor, contractor,
subcontractor, supplier or materialsman) shall have any rights, claims, remedies or 

  

					
		 	123	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 
privileges hereunder or under any other Loan Document against the Administrative Agent, any other Agent, the Issuing Bank or any Lender for any reason whatsoever. There are no third party
beneficiaries. 
 Section 12.16 USA Patriot Act Notice. Each Lender hereby notifies the Borrower that pursuant to the
requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies the Borrower, which information includes the
name and address of the Borrower and other information that will allow such Lender to identify the Borrower in accordance with the Act. 

Section 12.17 Waiver of Prior Notice Under Existing Credit Agreement. 

By its execution of this Agreement, each Existing Lender hereby waives any requirement thereunder for prior notice of the termination of the
commitments thereunder and prepayment of any loans outstanding thereunder. 
 [SIGNATURES BEGIN NEXT PAGE] 

  

					
		 	124	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 The parties hereto have caused this Agreement to be duly executed as of the day and year first
above written. 
  

							
	BORROWER:	 		 	ECLIPSE RESOURCES I, LP,
		 		 	a Delaware limited partnership
				
		 		 	By:	 	 /s/    Matthew
DeNezza        

		 		 	Name:	 	Matthew DeNezza
		 		 	Title:	 	Executive Vice President and Chief Financial Officer
			
	ULTIMATE PARENT:	 		 	ECLIPSE RESOURCES CORPORATION,
		 		 	a Delaware corporation
				
		 		 	By:	 	 /s/    Matthew
DeNezza        

		 		 	Name:	 	Matthew DeNezza
		 		 	Title:	 	Executive Vice President and Chief Financial Officer

  
 [SIGNATURE
PAGE TO CREDIT AGREEMENT – ECLIPSE RESOURCES I, LP] 

 
			
	BANK OF MONTREAL,
	as Administrative Agent and Issuing Bank
		
	By:	 	 /s/    Kevin
Utsey        

	Name:	 	Kevin Utsey
	Title:	 	Director

  
 [SIGNATURE
PAGE TO CREDIT AGREEMENT – ECLIPSE RESOURCES I, LP] 

 
			
	BMO HARRIS FINANCING, INC., as a Lender
		
	By:	 	 /s/    Kevin
Utsey        

	Name:	 	Kevin Utsey
	Title:	 	Director

  
 [SIGNATURE
PAGE TO CREDIT AGREEMENT – ECLIPSE RESOURCES I, LP] 

 
			
	KEYBANK NATIONAL ASSOCIATION,
	as Syndication Agent and a Lender
		
	By:	 	 /s/    John
Dravenstott        

	Name:	 	John Dravenstott
	Title:	 	Vice President

  
 [SIGNATURE
PAGE TO CREDIT AGREEMENT – ECLIPSE RESOURCES I, LP] 

 
			
	GOLDMAN SACHS BANK USA, as a Lender
		
	By:	 	 /s/    Michelle
Latzoni        

	Name:	 	Michelle Latzoni
	Title:	 	Authorized Signatory

  
 [SIGNATURE
PAGE TO CREDIT AGREEMENT – ECLIPSE RESOURCES I, LP] 

 
			
	MORGAN STANLEY BANK, N.A., as a Lender
		
	By:	 	 /s/    Dmitriy
Barskiy        

	Name:	 	Dmitriy Barskiy
	Title:	 	Authorized Signatory

  
 [SIGNATURE
PAGE TO CREDIT AGREEMENT – ECLIPSE RESOURCES I, LP] 

 
			
	CITIBANK, N.A., as a Lender
		
	By:	 	 /s/    Gabriel
Juarez        

	Name:	 	Gabriel Juarez
	Title:	 	Vice President

  
 [SIGNATURE
PAGE TO CREDIT AGREEMENT – ECLIPSE RESOURCES I, LP] 

 ANNEX I 

LIST OF MAXIMUM CREDIT AMOUNTS 

Aggregate Maximum Credit Amounts 
  

													
	 Name of Lender
	  	Applicable
Percentage	 	 	Maximum Credit
Amount	 	  	Elected
Commitment	 
	 BMO Harris Financing, Inc.
	  	 	23.50	% 	 	$	117,500,000.00	  	  	$	23,500,000.00	  
	 KeyBank National Association
	  	 	21.00	% 	 	$	105,000,000.00	  	  	$	21,000,000.00	  
	 Goldman Sachs Bank USA
	  	 	18.50	% 	 	$	92,500,000.00	  	  	$	18,500,000.00	  
	 Morgan Stanley Bank, N.A.
	  	 	18.50	% 	 	$	92,500,000.00	  	  	$	18,500,000.00	  
	 Citibank, N.A.
	  	 	18.50	% 	 	$	92,500,000.00	  	  	$	18,500,000.00	  
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	 	100.00	% 	 	$	500,000,000.00	  	  	$	100,000,000.00	  
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 

  
 Annex I - 1 

 EXHIBIT A 

FORM OF NOTE 
 [—], 201[—] 
 FOR VALUE RECEIVED, Eclipse
Resources I, LP, a Delaware limited partnership (the “Borrower”), hereby promises to pay to [—] (the “Lender”), at the principal office of Bank of Montreal (the
“Administrative Agent”), or at such other place as from time to time may be designated by the holder of this Note, the principal sum equal to the amount of such Lender’s Maximum Credit Amount, or, if greater or less, the
aggregate unpaid principal amount of the Loans made by the Lender to the Borrower pursuant to the terms of the Credit Agreement (as hereinafter defined), together with interest on the unpaid principal balance thereof, at the rates per annum and on
the dates provided in the Credit Agreement, in lawful money of the United States of America and in immediately available funds. 
 The date,
amount, Type, interest rate, Interest Period and maturity of each Loan made by the Lender to the Borrower, and each payment made on account of the principal thereof, shall be recorded by the Lender on its books and, prior to any transfer of this
Note, may be endorsed by the Lender on a schedule attached hereto or on any separate record maintained by the Lender. Failure to make any such recordation shall not affect any Lender’s or the Borrower’s rights or obligations in respect of
such Loans or affect the validity of such transfer by any Lender of this Note. 
 This Note is one of the Notes referred to in the Amended
and Restated Credit Agreement dated as of January 12, 2015 among the Borrower, Ultimate Parent, the Administrative Agent, and the other agents and lenders signatory thereto (including the Lender), and evidences Loans made by the Lender
thereunder (such Amended and Restated Credit Agreement as the same may be amended, supplemented or restated from time to time, the “Credit Agreement”). Capitalized terms used in this Note have the respective meanings assigned to
them in the Credit Agreement. 
 This Note is issued pursuant to, and is subject to the terms and conditions set forth in, the Credit
Agreement and is secured by and entitled to the benefits provided for in the Credit Agreement and the other Loan Documents. The Credit Agreement provides for the acceleration of the maturity of this Note upon the occurrence of certain events, for
prepayments of Loans upon the terms and conditions specified therein and other provisions relevant to this Note. 
 If this Note is placed
into the hands of an attorney for collection after default, or if all or any part of the indebtedness represented hereby is proved, established or collected in any court or in any bankruptcy, receivership, debtor relief, probate or other court
proceedings, the Borrower agrees to pay all fees and expenses to the holder hereof as and to the extent required by the Credit Agreement in addition to the principal and interest payable hereunder. 

[Signature page follows.] 

  

					
		 	Exhibit A - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

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

			
	ECLIPSE RESOURCES I, LP,
	a Delaware limited partnership
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

					
		 	Exhibit A - 2	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 EXHIBIT B 

FORM OF BORROWING REQUEST 

[—], 201[—] 

Eclipse Resources I, LP, a Delaware limited partnership (the “Borrower”), pursuant to Section 2.03 of the Amended and
Restated Credit Agreement dated as of January 12, 2015 (together with all amendments, restatements, supplements or other modifications thereto, the “Credit Agreement”) among the Borrower, Ultimate Parent, Bank of Montreal, as
Administrative Agent and the other agents and lenders (the “Lenders”) which are or become parties thereto (unless otherwise defined herein, each capitalized term used herein is defined in the Credit Agreement), hereby requests a
Borrowing as follows: 
 (i) Aggregate amount of the requested Borrowing is $[—]; 

(ii) Date of such Borrowing is [—],
201[—]; 
 (iii) Requested Borrowing is to be [an ABR Borrowing] [a Eurodollar
Borrowing]; 
 (iv) In the case of a Eurodollar Borrowing, the initial Interest Period applicable thereto is [—]; 
 (v) Amount of Borrowing Base in effect on the date hereof is $[—] and the Aggregate Elected Commitment Amounts in effect on the date hereof is $[—]; 

(vi) Total Revolving Credit Exposures on the date hereof (i.e., outstanding principal amount of Loans and total LC Exposure) is $[—]; and 
 (vii) Pro forma total Revolving Credit Exposures (giving effect to the
requested Borrowing) is $[—]; and 
 (viii) Location and number of the Borrower’s
account to which funds are to be disbursed, which shall comply with the requirements of Section 2.05 of the Credit Agreement, is as follows: 
  

					
		 	[                    ]	 	
		 	[                    ]	 	
		 	[                    ]	 	
		 	[                    ]	 	
		 	[                    ]	 	

  

					
		 	Exhibit B - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 The undersigned certifies that he/she is the
[—] of the Borrower, and that as such he/she is authorized to execute this certificate on behalf of the Borrower. The undersigned further certifies, represents and warrants on behalf of the
Borrower that the Borrower is entitled to receive the requested Borrowing under the terms and conditions of the Credit Agreement. 
  

			
	ECLIPSE RESOURCES I, LP,
	a Delaware limited partnership
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

					
		 	Exhibit B - 2	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 EXHIBIT C 

FORM OF INTEREST ELECTION REQUEST 

[—], 201[—] 

Eclipse Resources I, LP, a Delaware limited partnership (the “Borrower”), pursuant to Section 2.04 of the Amended and
Restated Credit Agreement dated as of January 12, 2015 (together with all amendments, restatements, supplements or other modifications thereto, the “Credit Agreement”) among the Borrower, Ultimate Parent, Bank of Montreal, as
Administrative Agent and the other agents and lenders (the “Lenders”) which are or become parties thereto (unless otherwise defined herein, each capitalized term used herein is defined in the Credit Agreement), hereby makes an
Interest Election Request as follows: 
 (i) The Borrowing to which this Interest Election Request applies, and if different options are
being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information specified pursuant to (iii) and (iv) below shall be specified for each resulting
Borrowing) is [—]; 
 (ii) The effective date of the election made pursuant to this
Interest Election Request is [—], 201[—];[and] 

(iii) The resulting Borrowing is to be [an ABR Borrowing] [a Eurodollar Borrowing][; and] 

[(iv) [If the resulting Borrowing is a Eurodollar Borrowing] The Interest Period applicable to the resulting Borrowing after giving effect to
such election is [—]]. 
 The undersigned certifies that he/she is the [—] of the Borrower, and that as such he/she is authorized to execute this certificate on behalf of the Borrower. The undersigned further certifies, represents and warrants on behalf of the Borrower that
the Borrower is entitled to receive the requested continuation or conversion under the terms and conditions of the Credit Agreement. 
  

			
	ECLIPSE RESOURCES I, LP,
	a Delaware limited partnership
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

					
		 	Exhibit C - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 EXHIBIT D 

FORM OF 
 COMPLIANCE
CERTIFICATE 
 The undersigned hereby certifies that he/she is the [—] of Eclipse
Resources I, LP, a Delaware limited partnership (the “Borrower”), and that as such he/she is authorized to execute this certificate on behalf of the Borrower. With reference to the Amended and Restated Credit Agreement dated as of
January 12, 2015 (together with all amendments, restatements, supplements or other modifications thereto being the “Agreement”) among the Borrower, Ultimate Parent, Bank of Montreal, as Administrative Agent, and the other
agents and lenders (the “Lenders”) which are or become a party thereto, and such Lenders, the undersigned represents and warrants as follows (each capitalized term used herein having the same meaning given to it in the Agreement
unless otherwise specified): 
 (a) There exists no Default or Event of Default as of [as applicable—last day of quarter/last day of
annual period] [or if a Default or Event of Default then exists specify Default and describe action taken or proposed to be taken]. 
 (b)
Attached hereto are the detailed computations necessary to determine whether the Borrower is in compliance with Section 9.01 as of the end of the [fiscal quarter][fiscal year] ending [—]. 

(c) There has been no change in GAAP or in the applications thereof since [date of applicable financial statement] [or if any such change
occurred, specify the effect of such change on the financial statements accompanied hereby]. 
 EXECUTED AND DELIVERED this [—] day of [—]. 
  

			
	ECLIPSE RESOURCES I, LP,
	a Delaware limited partnership
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

					
		 	Exhibit D - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 EXHIBIT E 

SECURITY INSTRUMENTS 
  

	1)	The Amended and Restated Guarantee and Collateral Agreement 

  

	2)	The Amended and Restated Mortgage 

  

	3)	UCC-1 financing statements in respect of the foregoing 

  

					
		 	Exhibit E - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 EXHIBIT F 

FORM OF AMENDED AND RESTATED 

GUARANTEE AND COLLATERAL AGREEMENT 

[attached] 

  

					
		 	Exhibit F - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 EXECUTION VERSION 

AMENDED AND RESTATED 
 GUARANTEE
AND COLLATERAL AGREEMENT 
 made by 

each of the Grantors (as defined herein) 

in favor of 
 BANK OF MONTREAL,

 as Administrative Agent 

Dated as of January 12, 2015 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
		
	 ARTICLE I Definitions
	  	 	1	  
	 Section 1.01
	 	 Definitions
	  	 	1	  
	 Section 1.02
	 	 Other Definitional Provisions; References
	  	 	3	  
	 ARTICLE II Guarantee
	  	 	3	  
	 Section 2.01
	 	 Guarantee
	  	 	3	  
	 Section 2.02
	 	 Payments
	  	 	4	  
	 ARTICLE III Grant of Security Interest
	  	 	4	  
	 Section 3.01
	 	 Grant of Security Interest
	  	 	4	  
	 Section 3.02
	 	 Transfer of Pledged Securities
	  	 	6	  
	 Section 3.03
	 	 Grantors Remain Liable under Accounts, Chattel Paper and Payment Intangibles
	  	 	6	  
	 Section 3.04
	 	 Pledged Securities
	  	 	7	  
	 ARTICLE IV Acknowledgments, Waivers and Consents
	  	 	7	  
	 Section 4.01
	 	 Acknowledgments, Waivers and Consents
	  	 	7	  
	 Section 4.02
	 	 No Subrogation, Contribution or Reimbursement
	  	 	9	  
	 ARTICLE V Representations and Warranties
	  	 	10	  
	 Section 5.01
	 	 Representations in Credit Agreement
	  	 	10	  
	 Section 5.02
	 	 Benefit to the Guarantor
	  	 	10	  
	 Section 5.03
	 	 No Other Liens
	  	 	10	  
	 Section 5.04
	 	 Perfected First Priority Liens
	  	 	11	  
	 Section 5.05
	 	 Legal Name, Organizational Status, Chief Executive Office
	  	 	11	  
	 Section 5.06
	 	 Prior Names and Addresses
	  	 	11	  
	 Section 5.07
	 	 Pledged Securities
	  	 	11	  
	 Section 5.08
	 	 Goods
	  	 	11	  
	 Section 5.09
	 	 Instruments and Chattel Paper
	  	 	11	  
	 Section 5.10
	 	 Truth of Information; Accounts
	  	 	11	  
	 Section 5.11
	 	 Governmental Obligors
	  	 	12	  
	 ARTICLE VI Covenants
	  	 	12	  
	 Section 6.01
	 	 Covenants in Credit Agreement
	  	 	12	  
	 Section 6.02
	 	 Maintenance of Perfected Security Interest; Further Documentation
	  	 	12	  

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

i 

							
	 Section 6.03
	 	 Further Identification of Collateral
	  	 	13	  
	 Section 6.04
	 	 Changes in Locations, Name, etc.
	  	 	13	  
	 Section 6.05
	 	 Compliance with Contractual Obligations
	  	 	14	  
	 Section 6.06
	 	 [Reserved]
	  	 	14	  
	 Section 6.07
	 	 Pledged Securities
	  	 	14	  
	 Section 6.08
	 	 Limitations on Modifications, Waivers, Extensions of Agreements Giving Rise to Accounts
	  	 	15	  
	 Section 6.09
	 	 Analysis of Accounts, Etc.
	  	 	15	  
	 Section 6.10
	 	 Instruments and Tangible Chattel Paper
	  	 	16	  
	 Section 6.11
	 	 Commercial Tort Claims
	  	 	16	  
	 Section 6.12
	 	 Keepwell
	  	 	16	  
	 ARTICLE VII Remedial Provisions
	  	 	17	  
	 Section 7.01
	 	 Pledged Securities
	  	 	17	  
	 Section 7.02
	 	 Collections on Accounts, Etc.
	  	 	18	  
	 Section 7.03
	 	 Proceeds
	  	 	18	  
	 Section 7.04
	 	 New York UCC and Other Remedies
	  	 	19	  
	 Section 7.05
	 	 Private Sales of Pledged Securities
	  	 	20	  
	 Section 7.06
	 	 Waiver; Deficiency
	  	 	20	  
	 Section 7.07
	 	 Non-Judicial Enforcement
	  	 	20	  
	 ARTICLE VIII The Administrative Agent
	  	 	21	  
	 Section 8.01
	 	 Administrative Agent’s Appointment as Attorney-in-Fact, Etc.
	  	 	21	  
	 Section 8.02
	 	 Duty of Administrative Agent
	  	 	22	  
	 Section 8.03
	 	 Execution of Financing Statements
	  	 	23	  
	 Section 8.04
	 	 Authority of Administrative Agent
	  	 	23	  
	 ARTICLE IX Subordination of Indebtedness
	  	 	24	  
	 Section 9.01
	 	 Subordination of All Guarantor Claims
	  	 	24	  
	 Section 9.02
	 	 Claims in Bankruptcy
	  	 	24	  
	 Section 9.03
	 	 Payments Held in Trust
	  	 	24	  
	 Section 9.04
	 	 Liens Subordinate
	  	 	24	  
	 Section 9.05
	 	 Notation of Records
	  	 	25	  
	 ARTICLE X Miscellaneous
	  	 	25	  
	 Section 10.01
	 	 Waiver
	  	 	25	  
	 Section 10.02
	 	 Notices
	  	 	25	  
	 Section 10.03
	 	 Payment of Expenses, Indemnities, Etc.
	  	 	25	  
	 Section 10.04
	 	 Amendments in Writing
	  	 	26	  

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

ii 

							
	 Section 10.05
	 	 Successors and Assigns
	  	 	26	  
	 Section 10.06
	 	 Invalidity
	  	 	26	  
	 Section 10.07
	 	 Counterparts
	  	 	27	  
	 Section 10.08
	 	 Survival
	  	 	27	  
	 Section 10.09
	 	 Captions
	  	 	27	  
	 Section 10.10
	 	 No Oral Agreements
	  	 	27	  
	 Section 10.11
	 	 Governing Law; Submission to Jurisdiction
	  	 	27	  
	 Section 10.12
	 	 Acknowledgments
	  	 	27	  
	 Section 10.13
	 	 Additional Grantors
	  	 	28	  
	 Section 10.14
	 	 Set-Off
	  	 	28	  
	 Section 10.15
	 	 Releases
	  	 	28	  
	 Section 10.16
	 	 Reinstatement
	  	 	29	  
	 Section 10.17
	 	 Acceptance
	  	 	30	  
	 Section 10.18
	 	 Effect of Amendment and Restatement
	  	 	30	  

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

iii 

 SCHEDULES: 
  

	 	1.	Notice Addresses of Guarantors 

  

	 	2.	Description of Pledged Securities 

  

	 	3.	Filings and Other Actions Required to Perfect Security Interests 

  

	 	4.	Legal Name, Location of Jurisdiction of Organization, Organizational Identification Number, Taxpayor Identification Number and Chief Executive Office 

 

	 	5.	Prior Names, Prior Chief Executive Office, Location of Tangible Assets 

 ANNEX: 

 

	 	1.	Form of Assumption Agreement 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

iv 

 This AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT, dated as of January 12, 2015,
is made by ECLIPSE RESOURCES I, LP, a Delaware limited partnership (the “Borrower”), and each of the other signatories hereto other than the Administrative Agent (the Borrower and each of the other signatories hereto other than the
Administrative Agent, together with any other Subsidiary of the Borrower that becomes a party hereto from time to time after the date hereof, and until it is released from this Agreement in accordance with and to the extent permitted under the Loan
Documents, the “Grantors”), in favor of BANK OF MONTREAL, as administrative agent (in such capacity, together with its successors in such capacity, the “Administrative Agent”), for the banks and other financial
institutions (the “Lenders”) from time to time parties to the Amended and Restated Credit Agreement dated as of January 12, 2015 (as amended, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among the Borrower, the Ultimate Parent, the Lenders and the Administrative Agent. 
 NOW, THEREFORE, in consideration
of the premises and to induce the Administrative Agent and the Lenders to enter into the Credit Agreement and to induce the Lenders to make their respective loans to and extensions of credit on behalf of the Borrower thereunder, each Grantor hereby
agrees with the Administrative Agent, for the ratable benefit of the Lenders, as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.01 Definitions. 

(a) As used in this Agreement, each term defined herein shall have the meaning indicated herein. Unless otherwise defined herein, terms
defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement, and the following terms as well as all uncapitalized terms which are defined in the New York UCC on the date hereof are used herein as so
defined: Accounts, Chattel Paper, Commercial Tort Claims, Commodity Accounts, Deposit Accounts, Documents, Electronic Chattel Paper, Equipment, Fixtures, General Intangibles, Goods, Instruments, Inventory, Investment Property, Letter-of-Credit
Rights, Payment Intangibles, Proceeds, Securities Accounts, Supporting Obligations, and Tangible Chattel Paper. 
 (b) The following terms
shall have the following meanings: 
 “Account Debtor” shall mean a Person (other than any Grantor) obligated on an
Account, Chattel Paper, or General Intangible. 
 “Agreement” shall mean this Amended and Restated Guarantee and Collateral
Agreement, as the same may be amended, supplemented or otherwise modified from time to time. 
 “Collateral” shall have the
meaning assigned such term in Section 3.01. 
 “Guarantors” shall mean, collectively, each Grantor other than
the Borrower. 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

1 

 “Issuers” shall mean, collectively, each issuer of a Pledged Security. 

“New York UCC” shall mean the Uniform Commercial Code, as it may be amended, from time to time in effect in the State of New
York. 
 “Paid In Full In Cash” shall means (i) the irrevocable and indefeasible payment in full in cash of all
principal, interest (including interest accruing during the pendency of an insolvency or liquidation proceeding, regardless of whether allowed or allowable in such insolvency or liquidation proceeding) and premium, if any, on all Loans outstanding
under the Credit Agreement, (ii) the payment in full in cash or posting of cash collateral in respect of all other obligations or amounts that are outstanding under the Credit Agreement, including the posting of the cash collateral for
outstanding Letters of Credit as required by the terms of the Credit Agreement, (iii) the expiration or termination of all Commitments under the Credit Agreement, (iv) payment in full in cash of all amounts due and owing (or posting of
acceptable collateral in respect of all such obligations) under each Bank Products Agreement giving rise to Secured Obligations, and (v) payment in full in cash of all amounts due and owing (or posting of acceptable collateral in respect of all
such obligations) under, or the novation or termination of, each Swap Agreement giving rise to any Secured Obligations. 
 “Pledged
Securities” shall mean: (i) the equity interests described or referred to in Schedule 2; and (ii) (a) the certificates or instruments, if any, representing such equity interests, (b) all dividends (cash, stock or
otherwise), cash, instruments, rights to subscribe, purchase or sell and all other rights and property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such equity interests, (c) all
replacements, additions to and substitutions for any of the property referred to in this definition, including, without limitation, claims against third parties, (d) the proceeds, interest, profits and other income of or on any of the property
referred to in this definition and (e) all books and records relating to any of the property referred to in this definition. 

“Post-Default Rate” shall mean a rate per annum equal to two percent (2%) plus the rate applicable to ABR Loans as
provided in Section 3.02(a) of the Credit Agreement, but in no event to exceed the Highest Lawful Rate. 
 “Prior Credit
Agreement” means that certain Credit Agreement dated as of February 18, 2014 (as amended, supplemented or otherwise modified prior to the Effective Date), among Eclipse Resources I, LP, as Borrower, the banks and other financial
institutions from time to time parties thereto and the Administrative Agent (as defined therein). 
 “Prior Guarantee
Agreement” means that certain Guarantee and Collateral Agreement dated as of February 28, 2014 (as amended, supplemented or otherwise modified prior to the Effective Date), made by Eclipse Resources I, LP and each of the other Grantors
(as defined therein) party thereto in favor of Bank of Montreal as Administrative Agent (as defined therein). 
 “Qualified Keepwell
Provider” shall mean, in respect of any Swap Obligation, each Grantor that, at the time the relevant guarantee (or grant of the relevant security interest, as applicable) becomes effective with respect to such Swap Obligation, has total
assets exceeding $10,000,000 or otherwise constitutes an “eligible contract participant” under the Commodity 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

2 

 
Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” with respect to such Swap Obligation at such time by
entering into a keepwell pursuant to Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Secured Agreement”
shall mean any agreement giving rise to a Secured Obligation. 
 “Securities Act” shall mean the Securities Act of 1933, as
amended. 
 Section 1.02 Other Definitional Provisions; References. The meanings given to terms defined herein shall be equally
applicable to both the singular and plural forms of such terms. The gender of all words shall include the masculine, feminine, and neuter, as appropriate. The words “herein,” “hereof,” “hereunder” and other words of
similar import when used in this Agreement refer to this Agreement as a whole, and not to any particular article, section or subsection. Any reference herein to a Section shall be deemed to refer to the applicable Section of this Agreement unless
otherwise stated herein. Any reference herein to an exhibit, schedule or annex shall be deemed to refer to the applicable exhibit, schedule or annex attached hereto unless otherwise stated herein. Where the context requires, terms relating to the
Collateral or any part thereof, when used in relation to a Grantor, shall refer to such Grantor’s Collateral or the relevant part thereof. 

ARTICLE II 
 GUARANTEE

 Section 2.01 Guarantee. 

(a) Each of the Guarantors hereby, jointly and severally, unconditionally and irrevocably, guarantees to the Administrative Agent, for the
ratable benefit of the Secured Parties and each of their respective successors and permitted assigns, the prompt and complete payment and performance by the Borrower and the Guarantors when due (whether at the stated maturity, by acceleration or
otherwise) of the Secured Obligations. This is a guarantee of payment and not collection and the liability of each Guarantor is primary and not secondary. 

(b) Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum liability of each Guarantor hereunder and under
the other Loan Documents shall in no event exceed the amount which can be guaranteed by such Guarantor under applicable federal and state laws relating to the insolvency of debtors. 

(c) Each Guarantor agrees that the Secured Obligations may at any time and from time to time exceed the amount of the liability of such
Guarantor hereunder without impairing the guarantee contained in this Article II or affecting the rights and remedies of the Administrative Agent or any Secured Party hereunder. 

(d) Each Guarantor agrees that if the maturity of any of the Secured Obligations is accelerated by bankruptcy or otherwise, such maturity
shall also be deemed accelerated for the purpose of this guarantee without demand or notice to such Guarantor. The guarantee contained in this Article II shall remain in full force and effect until the Secured Obligations are Paid In Full In Cash.

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

3 

 (e) No payment made by the Borrower, any of the Guarantors, any other guarantor or any other
Person or received or collected by the Administrative Agent or any other Secured Party from the Borrower, any of the Guarantors, any other guarantor or any other Person by virtue of any action or proceeding or any set-off or appropriation or
application at any time or from time to time in reduction of or in payment of the Secured Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of any Guarantor hereunder which shall, notwithstanding any such
payment (other than any payment made by such Guarantor in respect of the Secured Obligations or any payment received or collected from such Guarantor in respect of the Secured Obligations), remain liable for the Secured Obligations up to the maximum
liability of such Guarantor hereunder until the Secured Obligations are Paid In Full In Cash. 
 Section 2.02 Payments. Each
Guarantor hereby agrees and guarantees that payments hereunder will be paid to the Administrative Agent without set-off or counterclaim in Dollars that constitute immediately available funds at the principal office of the Administrative Agent
specified pursuant to the Credit Agreement. 
 ARTICLE III 

GRANT OF SECURITY INTEREST 

Section 3.01 Grant of Security Interest. Each Grantor hereby pledges, assigns and transfers to the Administrative Agent, and
grants to the Administrative Agent, for the ratable benefit of the Secured Parties, a security interest in all of the following property now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in
the future may acquire any right, title or interest and whether now existing or hereafter coming into existence (collectively, the “Collateral”), as collateral security for the prompt and complete payment and performance when due
(whether at the stated maturity, by acceleration or otherwise) of the Secured Obligations: 
 (1) all Accounts; 

(2) all Chattel Paper (whether Tangible Chattel Paper or Electronic Chattel Paper); 

(3) all Commercial Tort Claims; 

(4) all Deposit Accounts (other than payroll, withholding tax and other fiduciary Deposit Accounts), all Commodity Accounts and all Securities
Accounts; 
 (5) all Documents; 

(6) all General Intangibles (including, without limitation, rights in and under any Swap Agreements); 

(7) all Goods (including, without limitation, all Inventory and all Equipment, but excluding all Fixtures); 

(8) all Instruments; 
 (9) all
Investment Property; 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

4 

 (10) all Letter-of-Credit Rights (whether or not the letter of credit is evidenced by a writing;

 (11) all Pledged Securities; 

(12) all Supporting Obligations; 

(13) all books and records pertaining to the Collateral; 

(14) to the extent not otherwise included, any other property insofar as it consists of personal property of any kind or character defined in
and subject to the New York UCC; and 
 (15) to the extent not otherwise included, all Proceeds and products of any and all of the foregoing
and all collateral security, income, royalties and other payments now or hereafter due and payable with respect to, and guarantees and supporting obligations relating to, any and all of the Collateral and, to the extent not otherwise included, all
payments of insurance (whether or not the Administrative Agent is the loss payee thereof), or any indemnity, warranty or guaranty, payable by reason of loss or damage to or otherwise with respect to any of the foregoing Collateral, all other claims,
including all cash, guarantees and other Supporting Obligations given with respect to any of the foregoing; 
 Notwithstanding the
foregoing, in no event shall the Collateral include, and no Grantor shall be deemed to have granted a security interest in, any of such Grantor’s rights or interests in or under: (a) any permit, lease, license, contract or other agreement
to which such Grantor is a party and any property of such Grantor subject to a purchase money Lien, Capital Lease or similar arrangement permitted under the Credit Agreement and, in each case, such Grantor’s rights and interests therein, to the
extent that the grant of a security interest thereon (i) shall constitute or result in a breach of, a default under, an invalidation of, a termination of, or the unenforceability of any right of such Grantor under, such permit, lease, license,
contract or other agreement or the agreement governing such purchase money Lien, Capital Lease or similar arrangement, or (ii) requires the consent of, or creates a right of termination in favor of, any Person (other than such Grantor) with
respect to such permit, lease, license, contract or other agreement or such agreement governing such purchase money Lien, Capital Lease or similar arrangement, provided, however, that the Collateral shall include (and such security
interest shall attach) immediately at such time as the contractual or legal provisions referred to above shall no longer be applicable and to the extent severable, and shall attach immediately to any portion of such permit, lease, license, contract
or other agreement or such property subject to a purchase money Lien, Capital Lease or similar arrangement, as applicable, not subject to the provisions specified in clauses (i) and (ii) above, (b) any motor vehicles or other
certificated equipment, rolling stock, Deposit Accounts ((checking, savings, deposit or otherwise) maintained solely in relation to employee wages and benefits or in which deposits entirely belonging to third parties are maintained or escrow
accounts and fiduciary or trust accounts, (c) any (i) voting equity interests of any Subsidiary that is not a Domestic Subsidiary whose equity interests are owned directly by the Borrower or a Domestic Subsidiary in excess of 65% of the
total outstanding amount of any class of voting equity interests of such Subsidiary and (ii) equity interests of any Subsidiary that is not a Domestic Subsidiary whose equity interests are not owned directly by the Borrower or a Domestic
Subsidiary, or (d) any other property of any Credit Party and such 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

5 

 
Credit Party’s rights and interests therein, to the extent that the grant of a security interest hereunder thereon is prohibited by, or a violation of, applicable law; provided that
the exclusions referred to in clauses (a) and (d) shall not apply to the extent that such laws, rules, regulations, agreements, terms or provisions referred to therein would be rendered ineffective pursuant to Sections 9-406, 9-407, 9-408
or 9-409 of the New York UCC or the Uniform Commercial Code of any relevant jurisdiction or any other applicable law (including any debtor relief law or principle of equity); provided, further that the exclusions referred to in clause
(a) shall not include any proceeds (as defined in the New York UCC or the Uniform Commercial Code of any relevant jurisdiction) of such permit, lease, license, contract or other agreement or property, unless any assets constituting such
proceeds are themselves subject to the exclusions set forth in any of clauses (a) through (d) above. For the avoidance of doubt, insurance proceeds payable to the Borrower or any of its Subsidiaries shall be received by any of them, as
applicable, to the extent they constitute Collateral, and may be reinvested (by means of replacements, acquisition, repair, improvement, construction or development) in assets (including equity interests of a Person) in accordance with the terms of
the Credit Agreement. 
 Section 3.02 Transfer of Pledged Securities. All certificates and instruments representing or
evidencing the Pledged Securities shall be delivered to and held pursuant hereto by the Administrative Agent or a Person designated by the Administrative Agent and, in the case of an instrument or certificate in registered form, shall be duly
indorsed to the Administrative Agent or in blank by an effective indorsement (whether on the certificate or instrument or on a separate writing), and accompanied by any required transfer tax stamps to effect the pledge of the Pledged Securities to
the Administrative Agent. Notwithstanding the preceding sentence, all Pledged Securities must be delivered or transferred in such manner, and each Grantor shall take all such further action as may be requested by the Administrative Agent, as to
permit the Administrative Agent to be a “protected purchaser” to the extent of its security interest as provided in Section 8-303 of the New York UCC (if the Administrative Agent otherwise qualifies as a protected purchaser). 

Section 3.03 Grantors Remain Liable under Accounts, Chattel Paper and Payment Intangibles. Anything herein to the contrary
notwithstanding, each Grantor shall remain liable under each of the Accounts, Chattel Paper and Payment Intangibles to observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the
terms of any agreement giving rise to each such Account, Chattel Paper or Payment Intangible. Neither the Administrative Agent nor any other Secured Party shall have any obligation or liability under any Account, Chattel Paper or Payment Intangible
(or any agreement giving rise thereto) by reason of or arising out of this Agreement or the receipt by the Administrative Agent or any such other Secured Party of any payment relating to such Account, Chattel Paper or Payment Intangible, pursuant
hereto, nor shall the Administrative Agent or any other Secured Party be obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any Account, Chattel Paper or Payment Intangible (or any agreement giving rise
thereto), to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to the sufficiency of any performance by any party under any Account, Chattel Paper or Payment Intangible (or any agreement
giving rise thereto), to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or times. 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

6 

 Section 3.04 Pledged Securities. The granting of the foregoing security interest does
not make the Administrative Agent or any Secured Party a successor to Grantor as a partner or member in any Issuer that is a partnership, limited partnership or limited liability company, as applicable, and neither the Administrative Agent, any
Secured Party, nor any of their respective successors or assigns hereunder shall be deemed to have become a partner or member in any Issuer, as applicable, by accepting this Agreement or exercising any right granted herein unless and until such
time, if any, when any such Person expressly becomes a partner or member in any Issuer, as applicable, and complies with any applicable transfer provisions set forth in the charter or organizational documents relating to an applicable Pledged
Security after a foreclosure thereon. 
 ARTICLE IV 

ACKNOWLEDGMENTS, WAIVERS AND CONSENTS 

Section 4.01 Acknowledgments, Waivers and Consents. 

(a) Each Grantor acknowledges and agrees that the obligations undertaken by it under this Agreement involve the guarantee of, and the
provision of collateral security for, the Secured Obligations, which obligations consist, in part, of the obligations of Persons other than such Grantor and that such Grantor’s guarantee and provision of collateral security for the Secured
Obligations are absolute, irrevocable and unconditional under any and all circumstances, except as expressly provided herein or in any other Loan Document. In full recognition and furtherance of the foregoing, each Grantor understands and agrees, to
the fullest extent permitted under applicable law and except as may otherwise be expressly and specifically provided in the Loan Documents, that each Grantor shall remain obligated hereunder (including, without limitation, with respect to the
guarantee made by such Grantor hereby and the collateral security provided by such Grantor herein) and the enforceability and effectiveness of this Agreement and the liability of such Grantor, and the rights, remedies, powers and privileges of the
Administrative Agent and the other Secured Parties under this Agreement and the other Loan Documents shall not be affected, limited, reduced, discharged or terminated in any way: 

(i) notwithstanding that, without any reservation of rights against any Grantor and without notice to or further assent by any Grantor,
(A) any demand for payment of any of the Secured Obligations made by the Administrative Agent or any other Secured Party may be rescinded by the Administrative Agent or such other Secured Party and any of the Secured Obligations continued;
(B) the Secured Obligations, the liability of any other Person upon or for any part thereof or any collateral security or guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed,
extended, amended, modified, accelerated, compromised, waived, surrendered or released by, or any indulgence or forbearance in respect thereof granted by, the Administrative Agent or any other Secured Party; (C) the Secured Agreements and any
other documents executed and delivered in connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders, the Majority Lenders or all Lenders, as the case may be)
may deem advisable from time to time; (D) any Grantor or any other Person may from time to time accept or enter into new or additional agreements, security documents, guarantees or other instruments in addition to, in exchange for or relative
to, any Secured Agreement, all or any part of the Secured Obligations or any Collateral now or in the future serving as security for 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

7 

 
the Secured Obligations; (E) any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Secured Party for the payment of the Secured
Obligations may be sold, exchanged, waived, surrendered or released; and (F) any other event shall occur which constitutes a defense or release of sureties generally; and 

(ii) without regard to, and each Grantor hereby expressly waives to the fullest extent permitted by law any defense now or in the future
arising by reason of, (A) the illegality, invalidity or unenforceability of the Credit Agreement, any other Secured Agreement, any of the Secured Obligations or any other collateral security therefor or guarantee or right of offset with respect
thereto at any time or from time to time held by the Administrative Agent or any other Secured Party, (B) any defense, set-off or counterclaim (other than a defense of payment or performance) which may at any time be available to or be asserted
by any Grantor or any other Person against the Administrative Agent or any other Secured Party, (C) the insolvency, bankruptcy arrangement, reorganization, adjustment, composition, liquidation, disability, dissolution or lack of power of any
Grantor or any other Person at any time liable for the payment of all or part of the Secured Obligations or the failure of the Administrative Agent or any other Secured Party to file or enforce a claim in bankruptcy or other proceeding with respect
to any Person; or any sale, lease or transfer of any or all of the assets of the any Grantor, or any changes in the shareholders of any Grantor; (D) the fact that any Collateral or Lien contemplated or intended to be given, created or granted
as security for the repayment of the Secured Obligations shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other Lien, it being recognized and agreed by each of the Grantors that it is not entering
into this Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability or value of any of the Collateral for the Secured Obligations; (E) any failure of the Administrative Agent or any other
Secured Party to marshal assets in favor of any Grantor or any other Person, to exhaust any collateral for all or any part of the Secured Obligations, to pursue or exhaust any right, remedy, power or privilege it may have against any Grantor or any
other Person or to take any action whatsoever to mitigate or reduce any Grantor’s liability under this Agreement or any other Secured Agreement; (F) any law which provides that the obligation of a surety or guarantor must neither be larger
in amount nor in other respects more burdensome than that of the principal or which reduces a surety’s or guarantor’s obligation in proportion to the principal obligation; (G) the possibility that the Secured Obligations may at any
time and from time to time exceed the aggregate liability of such Grantor under this Agreement; or (H) any other circumstance or act whatsoever, including any act or omission of the type described in Section 4.01(a)(i) (with or
without notice to or knowledge of any Grantor), which constitutes, or might be construed to constitute, an equitable or legal discharge or defense of the Borrower for the Secured Obligations, or of such Grantor under the guarantee contained in
Article II or with respect to the collateral security provided by such Grantor herein, or which might be available to a surety or guarantor, in bankruptcy or in any other instance. 

(b) Each Grantor hereby waives to the extent permitted by law: (i) except as expressly provided otherwise in any Loan Document, all
notices to such Grantor, or to any other Person, including but not limited to, notices of the acceptance of this Agreement, the guarantee contained in Article II or the provision of collateral security provided herein, or the creation, renewal,
extension, modification, accrual of any Secured Obligations, or notice of or proof of reliance by the Administrative Agent or any other Secured Party upon the guarantee contained in 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

8 

 
Article II or upon the collateral security provided herein, or of default in the payment or performance of any of the Secured Obligations owed to the Administrative Agent or any other Secured
Party and enforcement of any right or remedy with respect thereto; or notice of any other matters relating thereto; the Secured Obligations, and any of them, shall conclusively be deemed to have been created, contracted or incurred, or renewed,
extended, amended or waived, in reliance upon the guarantee contained in Article II and the collateral security provided herein and no notice of creation of the Secured Obligations or any extension of credit already or hereafter contracted by or
extended to the Borrower need be given to any Grantor; and all dealings between the Borrower and any of the Grantors, on the one hand, and the Administrative Agent and the other Secured Parties, on the other hand, likewise shall be conclusively
presumed to have been had or consummated in reliance upon the guarantee contained in Article II and on the collateral security provided in this Agreement; (ii) diligence and demand of payment, presentment, protest, dishonor and notice of
dishonor; (iii) any statute of limitations affecting any Grantor’s liability hereunder or the enforcement thereof; (iv) all rights of revocation with respect to the Secured Obligations, the guarantee contained in Article II and the
provision of collateral security herein; and (v) all principles or provisions of law which conflict with the terms of this Agreement and which can, as a matter of law, be waived. 

(c) When making any demand hereunder or otherwise pursuing its rights and remedies hereunder against any Grantor, the Administrative Agent or
any other Secured Party may, but shall be under no obligation to, join or make a similar demand on or otherwise pursue or exhaust such rights and remedies as it may have against the Borrower, any other Grantor or any other Person or against any
collateral security or guarantee for the Secured Obligations or any right of offset with respect thereto, and any failure by the Administrative Agent or any other Secured Party to make any such demand, to pursue such other rights or remedies or to
collect any payments from the Borrower, any other Grantor or any other Person or to realize upon any such collateral security or guarantee or to exercise any such right of offset, or any release of the Borrower, any Grantor or any other Person or
any such collateral security, guarantee or right of offset, shall not relieve any Grantor of any obligation or liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of law, of
the Administrative Agent or any other Secured Party against any Grantor. For the purposes hereof “demand” shall include the commencement and continuance of any legal proceedings. Other than as set forth herein or in any applicable Secured
Agreement, neither the Administrative Agent nor any other Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Secured Obligations or for the guarantee contained in Article
II or any property subject thereto. 
 Section 4.02 No Subrogation, Contribution or Reimbursement. Notwithstanding any payment
made by any Grantor hereunder or any set-off or application of funds of any Grantor by the Administrative Agent or any other Secured Party, no Grantor shall be entitled to be subrogated to any of the rights of the Administrative Agent or any other
Secured Party against the Borrower or any other Grantor or any collateral security or guarantee or right of offset held by the Administrative Agent or any other Secured Party for the payment of the Secured Obligations, nor shall any Grantor seek or
be entitled to seek any indemnity, exoneration, participation, contribution or reimbursement from the Borrower or any other Grantor in respect of payments made by such Grantor hereunder, and each Grantor hereby expressly waives, releases, and agrees
not to exercise any all such rights of subrogation, reimbursement, indemnity 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

9 

 
and contribution, in each case, until all Secured Obligations are Paid In Full In Cash. Each Grantor further agrees that to the extent that such waiver and release set forth herein is found by a
court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, indemnity and contribution such Grantor may have against the Borrower, any other Grantor or against any collateral or security or
guarantee or right of offset held by the Administrative Agent or any other Secured Party shall be junior and subordinate to any rights the Administrative Agent and the other Secured Parties may have against the Borrower and such Grantor and to all
right, title and interest the Administrative Agent and the other Secured Parties may have in any collateral or security or guarantee or right of offset. The Administrative Agent, for the benefit of the Secured Parties, may use, sell or dispose of
any item of Collateral or security as it sees fit without regard to any subrogation rights any Grantor may have, and upon any disposition or sale, any rights of subrogation any Grantor may have shall terminate. 

ARTICLE V 

REPRESENTATIONS AND WARRANTIES 

To induce the Administrative Agent and the other Secured Parties to enter into the Credit Agreement and to induce the Lenders to make their
respective extensions of credit to the Borrower thereunder and to induce the Lenders and Affiliates of the Lenders to enter into other Secured Agreements, each Grantor hereby represents and warrants to the Administrative Agent and each other Secured
Party, as such representation and warranty relates to such Grantor, that: 
 Section 5.01 Representations in Credit Agreement.
In the case of each Guarantor, the representations and warranties set forth in Article VII of the Credit Agreement as they relate to such Guarantor (in its capacity as a Subsidiary of the Borrower) or to the Loan Documents to which such Guarantor is
a party are true and correct in all material respects, provided that each reference in each such representation and warranty to the Borrower’s knowledge shall, for the purposes of this Section 5.01, be deemed to be a reference to
such Guarantor’s knowledge and, with respect to any representation or warranty made on a consolidated or taken as a whole basis, such representation or warranty is true and correct in all material respects on such consolidated or taken as a
whole basis. 
 Section 5.02 Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that
includes each Guarantor, and the Borrower and the Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary of the Borrower and, after taking into account all rights of contribution of each Grantor against other Grantors, if any,
under this Agreement, at law, in equity or otherwise, its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and
convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower. 
 Section 5.03 No Other
Liens. No financing statement or other public notice with respect to all or any part of the Collateral in which such Grantor has a right is on file or of record in any public office, except such as have been filed in favor of the Administrative
Agent, in favor of the Administrative Agent (as defined in the Prior Credit Agreement), for the ratable benefit of the Secured Parties, pursuant to this Agreement, the Security Instruments or as are filed to secure Liens permitted by
Section 9.03 of the Credit Agreement. 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

10 

 Section 5.04 Perfected First Priority Liens. The security interests granted pursuant
to this Agreement (a) upon completion of the filings and other actions specified on Schedule 3 (which, in the case of all filings and other documents referred to on said Schedule, have been delivered to the Administrative Agent in completed
and, if required, duly executed form, except to the extent otherwise set forth on said Schedule) will constitute valid perfected security interests in all of the Collateral in favor of the Administrative Agent, for the ratable benefit of the Secured
Parties, as collateral security for such Grantor’s obligations, enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor and (b) are prior
to all other Liens on the Collateral in existence on the date hereof except for Excepted Liens which have priority over the Liens on the Collateral by operation of law. 

Section 5.05 Legal Name, Organizational Status, Chief Executive Office. On the date hereof, the correct legal name of such
Grantor, such Grantor’s jurisdiction of organization, organizational number, taxpayor identification number and the location of such Grantor’s chief executive office or sole place of business are specified on Schedule 4. 

Section 5.06 Prior Names and Addresses. Schedule 5 correctly sets forth (a) all names and trade names that such
Grantor has used in the last five years and (b) the chief executive office of such Grantor over the last five years (if different from that which is set forth in Section 5.05 above). 

Section 5.07 Pledged Securities. The shares (or such other interests) of Pledged Securities pledged by such Grantor hereunder
constitute all the issued and outstanding shares (or such other interests) of all classes of the capital stock or other equity interests of each Issuer owned by such Grantor, and all such shares (or such other interests) of the Pledged Securities
have been duly and validly issued and (other than Pledged Securities consisting of limited liability company interests or partnership interest, which cannot be fully paid and are nonassessable) are fully paid and nonassessable; and such Grantor is
the record and beneficial owner of, and has good title to, the Pledged Securities pledged by it hereunder, free of any and all Liens except Excepted Liens or options in favor of, or claims of, any other Person, except the security interest created
by this Agreement. 
 Section 5.08 Goods. No portion of the Collateral constituting Goods with a value in excess of $500,000 is
in the possession of a bailee that has issued a negotiable or non-negotiable document covering such Collateral. 
 Section 5.09
Instruments and Chattel Paper. Such Grantor has delivered to the Administrative Agent all Collateral constituting Instruments and Chattel Paper which the Administrative Agent has requested such Grantor to deliver to it. No Collateral
constituting Chattel Paper or Instruments contains any statement therein to the effect that such Collateral has been assigned to an identified party other than the Administrative Agent, and the grant of a security interest in such Collateral in
favor of the Administrative Agent hereunder does not violate the rights of any other Person as a secured party. 
 Section 5.10
Truth of Information; Accounts. All information with respect to the Collateral set forth in any schedule, certificate or other writing at any time heretofore or hereafter furnished by such Grantor to the Administrative Agent or any other
Secured Party, and all other written information heretofore or hereafter 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

11 

 
furnished by such Grantor to the Administrative Agent or any other Secured Party is and will be true and correct in all material respects as of the date furnished. Until the Borrower notifies, in
writing, the Administrative Agent otherwise, the place where each Grantor keeps its records concerning the Accounts, Chattel Paper and Payment Intangibles is 2121 Old Gatesburg Road, Suite 100, State College, Pennsylvania 16803. 

Section 5.11 Governmental Obligors. None of the Account Debtors on such Grantor’s Accounts, Chattel Paper or Payment
Intangibles is a Governmental Authority. 
 ARTICLE VI 

COVENANTS 
 Each Grantor
covenants and agrees with the Administrative Agent and the other Secured Parties that, as it relates to such Grantor, from and after the date of this Agreement until the Secured Obligations shall have been Paid In Full In Cash: 

Section 6.01 Covenants in Credit Agreement. In the case of each Guarantor, such Guarantor shall take, or shall refrain from
taking, as the case may be, each action that is necessary to be taken or not taken, as the case may be, by it under the Loan Documents so that no Default or Event of Default is caused by its failure to take such action or to refrain from taking such
action by such Guarantor or any of its Subsidiaries. 
 Section 6.02 Maintenance of Perfected Security Interest; Further
Documentation. 
 (a) Such Grantor shall maintain the security interest created by it under this Agreement as a perfected security
interest having at least the priority described in Section 5.04 (to the extent such perfection is required by this Agreement) and shall defend such security interest against the claims and demands of all Persons whomsoever except for
Liens permitted by Section 9.03 of the Credit Agreement. 
 (b) At any time and from time to time, upon the request of the
Administrative Agent or any other Secured Party, and at the sole expense of such Grantor, such Grantor will promptly and duly give, execute, deliver, indorse, file or record any and all financing statements, continuation statements, amendments,
notices (including, without limitation, notifications to financial institutions and any other Person), contracts, agreements, assignments, certificates, stock powers or other instruments, obtain any and all governmental approvals and consents and
take or cause to be taken any and all steps or acts that may be necessary or advisable or as the Administrative Agent may reasonably request to create, perfect, establish the priority of, or to preserve the validity, perfection or priority of, the
Liens granted by this Agreement or to enable the Administrative Agent or any other Secured Party to enforce its rights, remedies, powers and privileges under this Agreement with respect to such Liens or to otherwise obtain or preserve the full
benefits of this Agreement and the rights, powers and privileges herein granted. 
 (c) Without limiting the obligations of the Grantors
under Section 6.02(b): (i) upon the request of the Administrative Agent or any other Secured Party, such Grantor shall take or cause to be taken all actions (other than any actions required to be taken by the Administrative Agent or
any Lender) requested by the Administrative Agent to cause the Administrative Agent 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

12 

 
to (A) have “control” (within the meaning of Sections 9-104, 9-105, 9-106, and 9-107 of the New York UCC) over any Collateral constituting Deposit Accounts, Electronic Chattel
Paper, Investment Property (including the Pledged Securities), or Letter-of-Credit Rights, in each case, with a value in excess of $500,000, including, without limitation, executing and delivering any agreements, in form and substance satisfactory
to the Administrative Agent, with securities intermediaries, issuers or other Persons in order to establish “control”, and each Grantor shall promptly notify the Administrative Agent and the other Secured Parties of such Grantor’s
acquisition of any such Collateral; provided that, (1) any such agreement shall provide that the securities intermediary (or any Person acting in a similar capacity) shall comply with instructions originated by the Administrative Agent after
the occurrence of an Event of Default with respect to the disposition of funds without further consent of Grantor and (2) so long as no Event of Default has occurred that is continuing, Administrative Agent will not exercise its rights and
remedies under any such agreement, and (B) be a “protected purchaser” (as defined in Section 8-303 of the New York UCC); (ii) with respect to Collateral other than certificated securities and goods covered by a document in
the possession of a Person other than such Grantor or the Administrative Agent, such Grantor shall use commercially reasonable efforts to obtain written acknowledgment that such Person holds possession for the Administrative Agent’s benefit;
and (iii) with respect to any Collateral constituting Goods with a value in excess of $500,000 that are in the possession of a bailee, such Grantor shall provide prompt notice to the Administrative Agent and the other Secured Parties of any
such Collateral then in the possession of such bailee, and such Grantor shall take or cause to be taken all commercially reasonable actions (other than any actions required to be taken by the Administrative Agent or any other Secured Party)
necessary or requested by the Administrative Agent to cause the Administrative Agent to have a perfected security interest in such Collateral under applicable law. 

(d) This Section 6.02 and the obligations imposed on each Grantor by this Section 6.02 shall be interpreted as broadly
as possible in favor of the Administrative Agent and the other Secured Parties in order to effectuate the purpose and intent of this Agreement. 

Section 6.03 Further Identification of Collateral. Such Grantor will furnish to the Administrative Agent and the Lenders from time
to time, at such Grantor’s sole cost and expense, statements and schedules further identifying and describing the Collateral and such other reports in connection with the Collateral as the Administrative Agent may reasonably request, all in
reasonable detail. 
 Section 6.04 Changes in Locations, Name, etc. Such Grantor recognizes that financing statements pertaining
to the Collateral have been or may be filed where such Grantor maintains any Collateral or is organized. Without limitation of any other covenant herein, such Grantor will not cause or permit any change to be made (a) in its company name or in
any trade name used to identify such Grantor in the conduct of its business or in the ownership of its Properties, (b) in the location of its chief executive office or principal place of business, (c) in its identity or corporate structure
or in the jurisdiction in which such Grantor is incorporated, formed or otherwise organized, or (d) in its organizational identification number in such jurisdiction of organization, unless such Grantor shall have first (i) notified the
Administrative Agent of such change at least thirty (30) days prior to the effective date of such change, and (ii) taken all action reasonably requested by the Administrative Agent for the purpose of maintaining the perfection and priority
of the Administrative Agent’s security interests under this Agreement. In any notice 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

13 

 
furnished pursuant to this Section 6.04, such Grantor will expressly state in a conspicuous manner that the notice is required by this Agreement and contains facts that may require
additional filings of financing statements or other notices for the purposes of continuing perfection of the Administrative Agent’s security interest in the Collateral. 

Section 6.05 Compliance with Contractual Obligations. Such Grantor will perform and comply in all material respects with all its
contractual obligations relating to the Collateral (including, without limitation, with respect to the goods or services, the sale or lease or rendition of which gave rise or will give rise to each Account). 

Section 6.06 [Reserved]. 

Section 6.07 Pledged Securities. 

(a) If such Grantor shall become entitled to receive or shall receive any stock certificate or other instrument (including, without
limitation, any certificate or instrument representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital or any certificate or instrument issued in connection with any reorganization), option or
rights in respect of the capital stock or other equity interests of any Issuer, whether in addition to, in substitution of, as a conversion of, or in exchange for, any shares (or such other interests) of the Pledged Securities, or otherwise in
respect thereof, such Grantor shall accept the same as the agent of the Administrative Agent, hold the same in trust for the Administrative Agent and deliver the same forthwith to the Administrative Agent in the exact form received, duly indorsed by
such Grantor to the Administrative Agent, if required, together with an undated stock power or other equivalent instrument of transfer acceptable to the Administrative Agent covering such certificate or instrument duly executed in blank by such
Grantor and with, if the Administrative Agent so requests, signature guaranteed, to be held by the Administrative Agent, subject to the terms hereof, as additional collateral security for the Secured Obligations. 

(b) Without the prior written consent of the Administrative Agent, such Grantor will not (i) unless otherwise permitted hereby, vote to
enable, or take any other action to permit, any Issuer to issue any stock or other equity interests of any nature or to issue any other securities or interests convertible into or granting the right to purchase or exchange for any stock or other
equity interests of any nature of any Issuer, (ii) sell, assign, transfer, exchange or otherwise dispose of, or grant any option with respect to, the Pledged Securities or Proceeds thereof (except pursuant to a transaction expressly permitted
by the Credit Agreement), (iii) create, incur or permit to exist any Lien except for Excepted Liens or option in favor of, or any claim of any Person with respect to, any of the Pledged Securities or Proceeds thereof, or any interest therein,
except for the security interests created by this Agreement or (iv) enter into any agreement or undertaking restricting the right or ability of such Grantor or the Administrative Agent to sell, assign or transfer any of the Pledged Securities
or Proceeds thereof. 
 (c) In the case of each Grantor which is an Issuer, such Issuer agrees that (i) it will be bound by the terms
of this Agreement relating to the Pledged Securities issued by it and will comply with such terms insofar as such terms are applicable to it, (ii) it will notify the Administrative Agent promptly in writing of the occurrence of any of the
events described in 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

14 

 
Section 6.07(a) with respect to the Pledged Securities issued by it and (iii) the terms of Section 7.01(c) and Section 7.05 shall apply to it, mutatis
mutandis, with respect to all actions that may be required of it pursuant to Section 7.01(c) or Section 7.05 with respect to the Pledged Securities issued by it. 

(d) Such Grantor shall furnish to the Administrative Agent such stock powers and other equivalent instruments of transfer as may be required
by the Administrative Agent to assure the transferability of and the perfection of the security interest in the Pledged Securities when and as often as may be reasonably requested by the Administrative Agent. 

(e) The Pledged Securities will at all times constitute not less than 100% of the capital stock or other equity interests of the Issuer
thereof owned by any Grantor. Each Grantor will not permit any Issuer of any of the Pledged Securities to issue any new shares (or other interests) of any class of capital stock or other equity interests of such Issuer without the prior written
consent of the Administrative Agent unless immediately upon issuance the same are pledged and, if applicable, delivered to Administrative Agent pursuant to the terms hereof to the extent necessary to give Administrative Agent a first priority
security interest after such issue in at least the same percentage of such Issuer’s outstanding shares or other interests as Grantor had before such issue. To the extent required by the governing documents applicable to a relevant Issuer, each
Grantor hereby consents to the pledge, assignment and transfer to the Administrative Agent of, and the granting of a security interest in, Pledged Securities issued by such Issuer by each other Grantor hereunder, as applicable. 

Section 6.08 Limitations on Modifications, Waivers, Extensions of Agreements Giving Rise to Accounts. Such Grantor will not
(a) amend, modify, terminate or waive any provision of any Chattel Paper, Instrument or any agreement giving rise to an Account or Payment Intangible with a value in excess of $500,000 in any manner which could reasonably be expected to
materially adversely affect the value of such Chattel Paper, Instrument, Payment Intangible or Account as Collateral, or (b) fail to exercise promptly and diligently each and every material right which it may have under any Chattel Paper,
Instrument and each agreement giving rise to an Account or Payment Intangible with a value in excess of $500,000 (other than any right of termination). Such Grantor shall deliver to the Administrative Agent a copy of each material demand, notice or
document received by it relating in any way to any Chattel Paper, Instrument or any agreement giving rise to an Account or Payment Intangible with a value in excess of $500,000. 

Section 6.09 Analysis of Accounts, Etc. Upon reasonable prior notice, the Administrative Agent shall have the right from time to
time to make test verifications of the Accounts, Chattel Paper and Payment Intangibles in any manner and through any medium that it reasonably considers advisable, and each Grantor, at such Grantor’s sole cost and expense, shall furnish all
such assistance and information as the Administrative Agent may reasonably require in connection therewith (provided that if the Administrative Agent or its representatives conduct more than one (1) such inspection during any twelve-month
period, any expenses incurred by the Administrative Agent or its representatives for such inspections (other than the first such inspection during such period by such Person) shall be borne by such Person if an Event of Default does not then exist).
At any time and from time to time, upon the Administrative Agent’s request and at the expense of each Grantor, such Grantor shall furnish to the 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

15 

 
Administrative Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Accounts, Chattel Paper and Payment Intangibles, and such original and other
documents evidencing, and relating to, the agreements and transactions which gave rise to the Accounts, Chattel Paper and Payment Intangibles, including, without limitation, original orders, invoices and shipping receipts as the Administrative Agent
may reasonably request. 
 Section 6.10 Instruments and Tangible Chattel Paper. If any amount payable under or in connection
with any of the Collateral shall be or become evidenced by any Instrument or Tangible Chattel Paper with a value in excess of $500,000, such Grantor will promptly notify the Administrative Agent and, if requested by the Administrative Agent, deliver
such Instrument or Tangible Chattel Paper to the Administrative Agent, duly endorsed in a manner satisfactory to the Administrative Agent, to be held as Collateral pursuant to this Agreement. 

Section 6.11 Commercial Tort Claims. If such Grantor shall at any time hold or acquire a Commercial Tort Claim that satisfies the
requirements of the following sentence, such Grantor shall, within thirty (30) days after such Commercial Tort Claim satisfies such requirements, notify the Administrative Agent in a writing signed by such Grantor containing a brief description
thereof, and granting to the Administrative Agent in such writing (for the benefit of the Secured Parties) a security interest therein and in the Proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance
satisfactory to the Administrative Agent for purposes only of perfecting its security interest therein. The provisions of the preceding sentence shall apply only to a Commercial Tort Claim that satisfies the following requirements: (a) the
monetary value claimed by or payable to the relevant Grantor in connection with such Commercial Tort Claim shall exceed $500,000, and (b) either (i) such Grantor shall have filed a law suit or counterclaim or otherwise commenced legal
proceedings (including, without limitation, arbitration proceedings) against the Person against whom such Commercial Tort Claim is made, or (ii) such Grantor and the Person against whom such Commercial Tort Claim is asserted shall have entered
into a settlement agreement with respect to such Commercial Tort Claim. In addition, to the extent that the existence of any Commercial Tort Claim held or acquired by any Grantor is disclosed by such Grantor in any public filing with the Securities
Exchange Commission or any successor thereto or analogous Governmental Authority, or to the extent that the existence of any such Commercial Tort Claim is disclosed in any press release issued by any Grantor, then, upon the request of the
Administrative Agent, the relevant Grantor shall, within thirty (30) days after such request is made, transmit to the Administrative Agent a writing signed by such Grantor containing a brief description of such Commercial Tort Claim and
granting to the Administrative Agent in such writing (for the benefit of the Secured Parties) a security interest therein and in the Proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory
to the Administrative Agent for the purposes only of perfecting its security interest therein. 
 Section 6.12 Keepwell. Each
Qualified Keepwell Provider hereby jointly and severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each other Grantor to honor all of its obligations under
this Agreement in respect of Swap Obligations (provided, however, that each Qualified Keepwell Provider shall only be liable under this Section 6.12 for the maximum amount of such liability that can be hereby incurred without rendering
its obligations under this Section 6.12, or otherwise under this Agreement, voidable under applicable law relating to fraudulent conveyance 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

16 

 
or fraudulent transfer, and not for any greater amount). The obligations of each Qualified Keepwell Provider under this Section 6.12 shall remain in full force and effect until the
Secured Obligations are Paid In Full In Cash. Each Qualified Keepwell Provider intends that this Section 6.12 constitute, and this Section 6.12 shall be deemed to constitute, a “keepwell, support, or other
agreement” for the benefit of each other Grantor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

ARTICLE VII 
 REMEDIAL
PROVISIONS 
 Section 7.01 Pledged Securities. 

(a) Unless an Event of Default exists and the Administrative Agent shall have given notice to the relevant Grantor of the Administrative
Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid in the normal course of business of the
relevant Issuer, to the extent permitted in the Credit Agreement, and to exercise all voting, corporate and other rights with respect to the Pledged Securities. 

(b) If an Event of Default exists, then at any time in the Administrative Agent’s discretion without notice (except as herein otherwise
expressly provided), (i) the Administrative Agent shall have the right to receive any and all cash dividends, payments or other Proceeds paid in respect of the Pledged Securities and make application thereof to the Secured Obligations in
accordance with Section 10.02 of the Credit Agreement, and (ii) any or all of the Pledged Securities shall be registered in the name of the Administrative Agent or its nominee, and the Administrative Agent or its nominee may thereafter
exercise (A) all voting, corporate and other rights pertaining to such Pledged Securities at any meeting of shareholders (or other equivalent body) of the relevant Issuer or Issuers or otherwise and (B) any and all rights of conversion,
exchange and subscription and any other rights, privileges or options pertaining to such Pledged Securities as if it were the absolute owner thereof (including, without limitation, the right to exchange at its discretion any and all of the Pledged
Securities upon the merger, consolidation, reorganization, recapitalization or other fundamental change in the organizational structure of any Issuer, or upon the exercise by any Grantor or the Administrative Agent of any right, privilege or option
pertaining to such Pledged Securities, and in connection therewith, the right to deposit and deliver any and all of the Pledged Securities with any committee, depositary, transfer agent, registrar or other designated agency upon such terms and
conditions as the Administrative Agent may determine), all without liability except to account for property actually received by it and as otherwise set forth herein, but the Administrative Agent shall have no duty to any Grantor to exercise any
such right, privilege or option and shall not be responsible for any failure to do so or delay in so doing. 
 (c) Each Grantor hereby
authorizes and instructs each Issuer of any Pledged Securities pledged by such Grantor hereunder (and each Issuer party hereto hereby agrees) to (i) comply with any instruction received by it from the Administrative Agent in writing that
(A) states that an Event of Default exists and (B) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from such Grantor, and each Grantor agrees that each Issuer shall be fully protected
in so complying, and (ii) unless otherwise expressly permitted hereby, pay any dividends or other payments with respect to the Pledged Securities directly to the Administrative Agent. 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

17 

 (d) If during the existence of an Event of Default the Issuer of any Pledged Securities is the
subject of bankruptcy, insolvency, receivership, custodianship or other proceedings under the supervision of any Governmental Authority, then all rights of the Grantor in respect thereof to exercise the voting and other consensual rights which such
Grantor would otherwise be entitled to exercise with respect to the Pledged Securities issued by such Issuer shall cease, and all such rights shall thereupon become vested in the Administrative Agent who shall thereupon have the sole right to
exercise such voting and other consensual rights, but the Administrative Agent shall have no duty to exercise any such voting or other consensual rights and shall not be responsible for any failure to do so or delay in so doing. 

Section 7.02 Collections on Accounts, Etc. The Administrative Agent hereby authorizes each Grantor to collect upon the Accounts,
Instruments, Chattel Paper and Payment Intangibles subject to the Administrative Agent’s Lien, and the Administrative Agent may curtail or terminate said authority at any time during the existence of an Event of Default. Upon the request of the
Administrative Agent at any time during the existence of an Event of Default, each Grantor shall notify the Account Debtors that the applicable Accounts, Chattel Paper and Payment Intangibles have been assigned to the Administrative Agent for the
ratable benefit of the Secured Parties and that payments in respect thereof shall be made directly to the Administrative Agent. During the existence of a Default or Event of Default, the Administrative Agent may in its own name or in the name of
others communicate with the Account Debtors to verify with them to its satisfaction the existence, amount and terms of any Accounts, Chattel Paper or Payment Intangibles. 

Section 7.03 Proceeds. If required by the Administrative Agent at any time during the existence of an Event of Default, any
payments of Accounts, Instruments, Chattel Paper and Payment Intangibles, when collected or received by each Grantor, and any other cash or non-cash Proceeds received by each Grantor upon the sale or other disposition of any Collateral, shall be
forthwith (and, in any event, within two Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Administrative Agent if required, in a special collateral account maintained by the Administrative
Agent, subject to withdrawal by the Administrative Agent for the ratable benefit of the Secured Parties only, as hereinafter provided, and, until so turned over, shall be held by such Grantor in trust for the Administrative Agent for the ratable
benefit of the Secured Parties, segregated from other funds of any such Grantor. Each deposit of any such Proceeds shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit. All
Proceeds (including, without limitation, Proceeds constituting collections of Accounts, Chattel Paper, Instruments) while held by the Administrative Agent (or by any Grantor in trust for the Administrative Agent for the ratable benefit of the
Secured Parties) shall continue to be collateral security for all of the Secured Obligations and shall not constitute payment thereof until applied as hereinafter provided. At such intervals as may be agreed upon by each Grantor and the
Administrative Agent, or, if an Event of Default exists, at any time at the Administrative Agent’s election, the Administrative Agent shall apply all or any part of the funds on deposit in said special collateral account on account of the
Secured Obligations in such order as the Administrative Agent may elect, and any part of such funds which the Administrative Agent elects not so to apply and 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

18 

 
deems not required as collateral security for the Secured Obligations shall be paid over from time to time by the Administrative Agent to each Grantor or to whomsoever may be lawfully entitled to
receive the same. 
 Section 7.04 New York UCC and Other Remedies. 

(a) If an Event of Default exists, the Administrative Agent, on behalf of the Secured Parties, may exercise in its discretion, in addition to
all other rights, remedies, powers and privileges granted to them in this Agreement, any other Secured Agreement, all rights, remedies, powers and privileges of a secured party under the New York UCC (whether the New York UCC is in effect in the
jurisdiction where such rights, remedies, powers or privileges are asserted) or any other applicable law or otherwise available at law or equity. Without limiting the generality of the foregoing, the Administrative Agent (or its agent), without
demand of performance or other demand, presentment, protest, advertisement or notice of any kind (except any notice required by law) to or upon any Grantor or any other Person (all and each of which demands, defenses, advertisements and notices are
hereby waived), may in such circumstances forthwith collect, receive, appropriate and realize upon the Collateral, or any part thereof, and/or may forthwith sell, lease, assign, give option or options to purchase, or otherwise dispose of and deliver
the Collateral or any part thereof (or contract to do any of the foregoing), in one or more parcels at public or private sale or sales, at any exchange, broker’s board or office of the Administrative Agent or any other Secured Party or
elsewhere upon such terms and conditions as it may deem advisable and at such prices as it may deem best, for cash or on credit or for future delivery without assumption of any credit risk. The Administrative Agent or any other Secured Party shall
have the right upon any such public sale or sales, and, to the extent permitted by law, upon any such private sale or sales, to purchase the whole or any part of the Collateral so sold, free of any right or equity of redemption in any Grantor, which
right or equity is hereby waived and released. If an Event of Default exists, each Grantor further agrees, at the Administrative Agent’s request, to assemble the Collateral and make it available to the Administrative Agent at places which the
Administrative Agent shall reasonably select, whether at such Grantor’s premises or elsewhere. Any such sale or transfer by the Administrative Agent either to itself or to any other Person shall be absolutely free from any claim of right by
Grantor, including any equity or right of redemption, stay or appraisal which Grantor has or may have under any rule of law, regulation or statute now existing or hereafter adopted. Upon any such sale or transfer, the Administrative Agent shall have
the right to deliver, assign and transfer to the purchaser or transferee thereof the Collateral so sold or transferred. The Administrative Agent shall apply the net proceeds of any action taken by it pursuant to this Section 7.04, after
deducting all reasonable costs and expenses of every kind incurred in connection therewith or incidental to the care or safekeeping of any of the Collateral or in any way relating to the Collateral or the rights of the Administrative Agent and the
other Secured Parties hereunder, including, without limitation, reasonable attorneys’ fees and disbursements, to the payment in whole or in part of the Secured Obligations, in accordance with Section 10.02 of the Credit Agreement, and only
after such application and after the payment by the Administrative Agent of any other amount required by any provision of law, including, without limitation, Section 9-615 of the New York UCC, need the Administrative Agent account for the
surplus, if any, to any Grantor. To the extent permitted by applicable law, each Grantor waives all claims, damages and demands it may acquire against the Administrative Agent or any other Secured Party arising out of the exercise by them of any
rights hereunder. If any notice of a proposed sale or other disposition of Collateral shall be required by law, such notice shall be deemed reasonable and proper if given at least 10 days before such sale or other disposition. 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

19 

 (b) In the event that the Administrative Agent elects not to sell the Collateral, the
Administrative Agent retains its rights to dispose of or utilize the Collateral or any part or parts thereof in any manner authorized or permitted by law or in equity, and to apply the proceeds of the same towards payment of the Secured Obligations.
Each and every method of disposition of the Collateral described in this Agreement shall constitute disposition in a commercially reasonable manner. The Administrative Agent may appoint any Person as agent to perform any act or acts necessary or
incident to any sale or transfer of the Collateral. 
 Section 7.05 Private Sales of Pledged Securities. Each Grantor recognizes
that the Administrative Agent may be unable to effect a public sale of any or all the Pledged Securities, by reason of certain prohibitions contained in the Securities Act and applicable state securities laws or otherwise, and may be compelled to
resort to one or more private sales thereof to a restricted group of purchasers which will be obliged to agree, among other things, to acquire such securities for their own account for investment and not with a view to the distribution or resale
thereof. Each Grantor acknowledges and agrees that any such private sale may result in prices and other terms less favorable than if such sale were a public sale and, notwithstanding such circumstances, agrees that any such private sale shall be
deemed to have been made in a commercially reasonable manner. The Administrative Agent shall be under no obligation to delay a sale of any of the Pledged Securities for the period of time necessary to permit the Issuer thereof to register such
securities for public sale under the Securities Act, or under applicable state securities laws, even if such Issuer would agree to do so. Each Grantor agrees to use its commercially reasonable efforts to do or cause to be done all such other acts as
may reasonably be necessary to make such sale or sales of all or any portion of the Pledged Securities pursuant to this Section 7.05 valid and binding and in compliance with any and all other applicable Governmental Requirements. Each
Grantor further agrees that a breach of any of the covenants contained in this Section 7.05 will cause irreparable injury to the Administrative Agent and the other Secured Parties, that the Administrative Agent and the other Secured
Parties have no adequate remedy at law in respect of such breach and, as a consequence, that each and every covenant contained in this Section 7.05 shall be specifically enforceable against such Grantor, and, to the maximum extent
permitted by applicable law, such Grantor hereby waives and agrees not to assert any defenses against an action for specific performance of such covenants. 

Section 7.06 Waiver; Deficiency. Each Grantor waives and agrees not to assert any rights or privileges which it may acquire under
the New York UCC or any other applicable law. Each Grantor shall remain liable for any deficiency if the proceeds of any sale or other disposition of the Collateral are insufficient to pay its Secured Obligations and the fees and disbursements of
any attorneys employed by the Administrative Agent or any other Secured Party to collect such deficiency. 
 Section 7.07
Non-Judicial Enforcement. The Administrative Agent may enforce its rights hereunder without prior judicial process or judicial hearing, and to the extent permitted by law, each Grantor expressly waives any and all legal rights which might
otherwise require the Administrative Agent to enforce its rights by judicial process. 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

20 

 ARTICLE VIII 

THE ADMINISTRATIVE AGENT 

Section 8.01 Administrative Agent’s Appointment as Attorney-in-Fact, Etc. 

(a) Each Grantor hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent thereof, with full power of
substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of this Agreement,
to take any and all reasonably appropriate action and to execute any and all documents and instruments which may be reasonably necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the
foregoing, each Grantor hereby gives the Administrative Agent the power and right, on behalf of such Grantor, without notice to or assent by such Grantor, to do any or all of the following: 

(i) unless being disputed under Section 9.03(a) of the Credit Agreement, pay or discharge taxes and Liens levied or placed on or
threatened against the Collateral, effect any repairs or any insurance called for by the terms of this Agreement and pay all or any part of the premiums therefor and the costs thereof; 

(ii) execute, in connection with any sale provided for in Section 7.04 or Section 7.05, any endorsements, assignments
or other instruments of conveyance or transfer with respect to the Collateral; and 
 (iii) (A) direct any party liable for any payment
under any of the Collateral to make payment of any and all moneys due or to become due thereunder directly to the Administrative Agent or as the Administrative Agent shall direct; (B) take possession of and indorse and collect any checks,
drafts, notes, acceptances or other instruments for the payment of moneys due under any Account, Instrument, General Intangible, Chattel Paper or Payment Intangible or with respect to any other Collateral, and to file any claim or to take any other
action or proceeding in any court of law or equity or otherwise deemed appropriate by the Administrative Agent for the purpose of collecting any and all such moneys due under any Account, Instrument or General Intangible or with respect to any other
Collateral whenever payable; (C) ask or demand for, collect, and receive payment of and receipt for, any and all moneys, claims and other amounts due or to become due at any time in respect of or arising out of any Collateral; (D) sign and
indorse any invoices, freight or express bills, bills of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications, notices and other documents in connection with any of the Collateral; (E) receive, change the
address for delivery, open and dispose of mail addressed to any Grantor, and to execute, assign and indorse negotiable and other instruments for the payment of money, documents of title or other evidences of payment, shipment or storage for any form
of Collateral on behalf of and in the name of any Grantor; (F) commence and prosecute any suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect the Collateral or any portion thereof and to enforce
any other right in respect of any Collateral; (G) defend any suit, action or proceeding brought against such Grantor with respect to any Collateral; (H) settle, compromise or adjust any such suit, action or proceeding and, in connection
therewith, give such discharges or releases as the Administrative Agent may deem appropriate; and (I) to the extent permitted, and in the 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

21 

 
manner required, by the New York UCC generally, sell, transfer, pledge and make any agreement with respect to or otherwise deal with any of the Collateral as fully and completely as though the
Administrative Agent were the absolute owner thereof for all purposes, and do, at the Administrative Agent’s option and such Grantor’s expense, at any time, or from time to time, all acts and things which the Administrative Agent deems
necessary to protect, preserve or realize upon the Collateral and the Administrative Agent’s and the other Secured Parties’ security interests therein and to effect the intent of this Agreement, all as fully and effectively as such Grantor
might do. 
 Anything in this Section 8.01(a) to the contrary notwithstanding, the Administrative Agent agrees that it will not,
and will not permit any of its officers or agents to, exercise any rights under the power of attorney provided for in this Section 8.01(a) unless an Event of Default exists. 

(b) If any Grantor fails to perform or comply with any of its agreements contained herein within the applicable grace periods, the
Administrative Agent, at its option, but without any obligation so to do, may perform or comply, or otherwise cause performance or compliance, with such agreement. 

(c) The expenses of the Administrative Agent incurred in connection with actions undertaken as provided in this Section 8.01,
together with interest on the unpaid portion thereof at the Post-Default Rate from the date of payment by the Administrative Agent to the date reimbursed by the relevant Grantor, shall be payable jointly and severally by such Grantor to the
Administrative Agent on demand. 
 (d) Each Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue
and in compliance hereof. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until this Agreement is terminated and the security interests created hereby are released. 

Section 8.02 Duty of Administrative Agent. The Administrative Agent’s sole duty with respect to the custody, safekeeping and
physical preservation of the Collateral in its possession, under Section 9-207 of the New York UCC or otherwise, shall be to deal with it in the same manner as the Administrative Agent deals with similar property for its own account and shall
be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which comparable secured parties accord comparable collateral.
Neither the Administrative Agent, any other Secured Party nor any of their respective officers, directors, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall
be under any obligation to sell or otherwise dispose of any Collateral upon the request of any Grantor or any other Person or to take any other action whatsoever with regard to the Collateral or any part thereof. The powers conferred on the
Administrative Agent and the other Secured Parties hereunder are solely to protect the Administrative Agent’s and the other Secured Parties’ interests in the Collateral and shall not impose any duty upon the Administrative Agent or any
other Secured Party to exercise any such powers. The Administrative Agent and the other Secured Parties shall be accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their
officers, directors, employees or agents 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

22 

 
(collectively, the “Indemnitees”) shall be responsible to any Grantor for any act or failure to act hereunder, NOTWITHSTANDING THE SOLE OR CONCURRENT NEGLIGENCE OF EVERY KIND
OR CHARACTER WHATSOEVER, WHETHER ACTIVE OR PASSIVE, WHETHER AN AFFIRMATIVE ACT OR AN OMISSION, INCLUDING WITHOUT LIMITATION, ALL TYPES OF NEGLIGENT CONDUCT IDENTIFIED IN THE RESTATEMENT (SECOND) OF TORTS OF ONE OR MORE OF THE INDEMNITEES OR BY
REASON OF STRICT LIABILITY IMPOSED WITHOUT FAULT ON ANY ONE OR MORE OF THE INDEMNITEES; PROVIDED THAT SUCH EXCULPATION SHALL NOT, AS TO ANY INDEMNITEE, BE AVAILABLE TO THE EXTENT THAT SUCH LOSSES, CLAIMS, DAMAGES, LIABILITIES OR RELATED EXPENSES
RESULT FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SUCH INDEMNITEE. To the fullest extent permitted by applicable law, the Administrative Agent shall be under no duty whatsoever to make or give any presentment, notice of dishonor,
protest, demand for performance, notice of non-performance, notice of intent to accelerate, notice of acceleration, or other notice or demand in connection with any Collateral or the Secured Obligations, or to take any steps necessary to preserve
any rights against any Grantor or other Person or ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Collateral, whether or not it has or is deemed to have knowledge of
such matters. Each Grantor, to the extent permitted by applicable law, waives any right of marshaling in respect of any and all Collateral, and waives any right to require the Administrative Agent or any other Secured Party to proceed against any
Grantor or other Person, exhaust any Collateral or enforce any other remedy which the Administrative Agent or any other Secured Party now has or may hereafter have against each Grantor, any Grantor or other Person. 

Section 8.03 Execution of Financing Statements. Pursuant to the New York UCC and any other applicable law, each Grantor authorizes
the Administrative Agent, its counsel or its representative, at any time and from time to time, to file or record financing statements, continuation statements, amendments thereto and other filing or recording documents or instruments with respect
to the Collateral without the signature of such Grantor in such form and in such offices as the Administrative Agent reasonably determines appropriate to perfect the security interests of the Administrative Agent under this Agreement. Additionally,
each Grantor authorizes the Administrative Agent, its counsel or its representative, at any time and from time to time, to file or record such financing statements that describe the collateral covered thereby as “all assets of the
Grantor”, “all personal property of the Grantor” or words of similar effect. A photographic or other reproduction of this Agreement shall be sufficient as a financing statement or other filing or recording document or instrument for
filing or recording in any jurisdiction. In no event shall the above authorizations be deemed to be obligations. 
 Section 8.04
Authority of Administrative Agent. Each Grantor acknowledges that the rights and responsibilities of the Administrative Agent under this Agreement with respect to any action taken by the Administrative Agent or the exercise or non-exercise by
the Administrative Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Administrative Agent and the other Secured Parties, be governed
by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Administrative Agent and the Grantors, the Administrative Agent shall be conclusively presumed to be acting as
agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation, or entitlement, to make any inquiry respecting such authority. 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

23 

 ARTICLE IX 

SUBORDINATION OF INDEBTEDNESS 

Section 9.01 Subordination of All Guarantor Claims. As used herein, the term “Guarantor Claims” shall mean all
debts and obligations of any Grantor to any other Grantor, whether such debts and obligations now exist or are hereafter incurred or arise, or whether the obligation of the debtor thereon be direct, contingent, primary, secondary, several, joint and
several, or otherwise, and irrespective of whether such debts or obligations be evidenced by note, contract, open account, or otherwise, and irrespective of the Person or Persons in whose favor such debts or obligations may, at their inception, have
been, or may hereafter be created, or the manner in which they have been or may hereafter be acquired by. During the existence of an Event of Default, no Grantor shall receive or collect, directly or indirectly, from any obligor in respect thereof
any amount upon the Guarantor Claims. 
 Section 9.02 Claims in Bankruptcy. In the event of receivership, bankruptcy,
reorganization, arrangement, debtor’s relief or other insolvency proceedings involving any Grantor, the Administrative Agent on behalf of the Secured Parties shall have the right to prove their claim in any proceeding, so as to establish their
rights hereunder and receive directly from the receiver, trustee or other court custodian, dividends and payments which would otherwise be payable upon Guarantor Claims. Each Grantor hereby assigns such dividends and payments to the Administrative
Agent for the benefit of the Secured Parties for application against the Secured Obligations as provided under Section 10.02 of the Credit Agreement. Should any Agent or Secured Party receive, for application upon the Secured Obligations, any
such dividend or payment which is otherwise payable to any Grantor, and which, as between such Grantor, shall constitute a credit upon the Guarantor Claims, then upon payment in full of the Secured Obligations, the intended recipient shall become
subrogated to the rights of the Administrative Agent and the other Secured Parties to the extent that such payments to the Administrative Agent and the other Secured Parties on the Guarantor Claims have contributed toward the liquidation of the
Secured Obligations, and such subrogation shall be with respect to that proportion of the Secured Obligations which would have been unpaid if the Administrative Agent and the other Secured Parties had not received dividends or payments upon the
Guarantor Claims. 
 Section 9.03 Payments Held in Trust. In the event that notwithstanding Section 9.01 and
Section 9.02, any Grantor should receive any funds, payments, claims or distributions which is prohibited by such Sections, then it agrees: (a) to hold in trust for the Administrative Agent an amount equal to the amount of all
funds, payments, claims or distributions so received, and (b) that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Administrative Agent, for the benefit of
the Secured Parties; and each Grantor covenants promptly to pay the same to the Administrative Agent. 
 Section 9.04 Liens
Subordinate. Each Grantor agrees that, until the Secured Obligations are Paid In Full In Cash, any Liens granted by a Grantor to secure payment of the Guarantor Claims shall be and remain inferior and subordinate to any Liens securing payment of

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

24 

 
the Secured Obligations, regardless of whether such encumbrances in favor of such Grantor, the Administrative Agent or any other Secured Party presently exist or are hereafter created or attach.
Without the prior written consent of the Administrative Agent, no Grantor, during the period in which any of the Secured Obligations are outstanding or the Aggregate Commitments are in effect, shall (a) exercise or enforce any creditor’s
right it may have against any debtor in respect of the Guarantor Claims, or (b) foreclose, repossess, sequester or otherwise take steps or institute any action or proceeding (judicial or otherwise, including without limitation the commencement
of or joinder in any liquidation, bankruptcy, rearrangement, debtor’s relief or insolvency proceeding) to enforce any Lien held by it. 

Section 9.05 Notation of Records. Upon the request of the Administrative Agent, all promissory notes and all accounts receivable
ledgers or other evidence of the Guarantor Claims accepted by or held by any Grantor shall contain a specific written notice thereon that the indebtedness evidenced thereby is subordinated under the terms of this Agreement. 

ARTICLE X 
 MISCELLANEOUS

 Section 10.01 Waiver. No failure on the part of the Administrative Agent or any other Secured Party to exercise and no
delay in exercising, and no course of dealing with respect to, any right, remedy, power or privilege under any of the Loan Documents shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege under
any of the Loan Documents preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges provided herein are cumulative and not exclusive of any rights,
remedies, powers and privileges provided by law. The exercise by the Administrative Agent of any one or more of the rights, powers and remedies herein shall not be construed as a waiver of any other rights, powers and remedies, including, without
limitation, any rights of set-off. 
 Section 10.02 Notices. All notices and other communications provided for herein shall be
given in the manner and subject to the terms of Section 12.01 of the Credit Agreement; provided that any such notice, request or demand to or upon any Guarantor shall be addressed to such Guarantor at its notice address set forth on Schedule 1.

 Section 10.03 Payment of Expenses, Indemnities, Etc. 

(a) Each Grantor, jointly and severally, agrees to pay or promptly reimburse the Administrative Agent and each other Secured Party for all
advances, charges, costs and expenses (including, without limitation, all costs and expenses of holding, preparing for sale and selling, collecting or otherwise realizing upon the Collateral and all attorneys’ fees, legal expenses and court
costs) incurred by any Secured Party in connection with the exercise of its respective rights and remedies hereunder, including, without limitation, any advances, charges, costs and expenses that may be incurred in any effort to enforce any of the
provisions of this Agreement or any obligation of any Grantor in respect of the Collateral or in connection with (i) the preservation of the Lien of, or the rights of the Administrative Agent or any other Secured Party under this Agreement,
(ii) any actual or attempted sale, lease, disposition, exchange, collection, compromise, settlement or other realization in respect of, or care of, the Collateral, 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

25 

 
including all such costs and expenses incurred in any bankruptcy, reorganization, workout or other similar proceeding, or (iii) collecting against such Grantor under the guarantee contained
in Article II or otherwise enforcing or preserving any rights under this Agreement and the other Loan Documents to which such Grantor is a party. 

(b) EACH GRANTOR, JOINTLY AND SEVERALLY, AGREES TO INDEMNIFY, PAY, AND TO HOLD THE ADMINISTRATIVE AGENT AND THE OTHER SECURED PARTIES
HARMLESS FROM, ANY AND ALL LIABILITIES, OBLIGATIONS, LOSSES, DAMAGES, PENALTIES, ACTIONS, JUDGMENTS, SUITS, COSTS, EXPENSES OR DISBURSEMENTS OF ANY KIND OR NATURE WHATSOEVER (INCLUDING, WITHOUT LIMITATION, COURT COSTS AND ATTORNEYS’ FEES, ANY
AND ALL LIABILITIES WITH RESPECT TO, OR RESULTING FROM ANY DELAY IN PAYING, ANY AND ALL STAMP, EXCISE, SALES OR OTHER TAXES WHICH MAY BE PAYABLE OR DETERMINED TO BE PAYABLE WITH RESPECT TO ANY OF THE COLLATERAL OR IN CONNECTION WITH ANY OF THE
TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT) INCURRED BECAUSE OF, INCIDENT TO, OR WITH RESPECT TO, THE COLLATERAL (INCLUDING, WITHOUT LIMITATION, ANY EXERCISE OF RIGHTS OR REMEDIES IN CONNECTION THEREWITH) OR THE EXECUTION, DELIVERY, ENFORCEMENT,
PERFORMANCE AND ADMINISTRATION OF THIS AGREEMENT, IN EACH CASE, TO THE EXTENT THE BORROWER WOULD BE REQUIRED TO DO SO PURSUANT TO SECTION 12.03 OF THE CREDIT AGREEMENT. ALL AMOUNTS FOR WHICH ANY GRANTOR IS LIABLE PURSUANT TO THIS
SECTION 10.03 SHALL BE DUE AND PAYABLE BY SUCH GRANTOR TO THE SECURED PARTIES UPON DEMAND. 
 Section 10.04
Amendments in Writing. None of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise modified except in accordance with Section 12.04 of the Credit Agreement. 

Section 10.05 Successors and Assigns. This Agreement shall be binding upon the successors and assigns of each Grantor and shall
inure to the benefit of the Administrative Agent and the other Secured Parties and their successors and permitted assigns; provided that except as set forth in Section 9.11 of the Credit Agreement or Section 9.12 of the Credit Agreement,
no Grantor may assign, transfer or delegate any of its rights or obligations under this Agreement without the prior written consent of the Administrative Agent and the Lenders. 

Section 10.06 Invalidity. In the event that any one or more of the provisions contained in this Agreement or in any of the Loan
Documents to which a Grantor is a party shall, for any reason, be held invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement or such other Loan
Document and the remaining provisions hereof shall remain in full force and effect and shall be liberally construed to carry out the provisions and intent hereof; provided, if any one or more of the provisions contained in this Agreement shall be
determined or held to be invalid or unenforceable because such provision is overly broad as to duration, geographic scope, activity or subject, such provision shall be deemed amended by limiting and reducing it to the extent necessary to make such
provision valid and enforceable. 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

26 

 Section 10.07 Counterparts. This Agreement may be executed in any number of
counterparts, all of which taken together shall constitute one and the same instrument and any of the parties hereto may execute this Agreement by signing any such counterpart. Delivery of an executed counterpart of a signature page of this
Agreement by telecopy or other electronic means (such as a PDF) shall be effective as delivery of a manually executed counterpart of this Agreement. 

Section 10.08 Survival. The obligations of the parties under Section 10.03 shall survive notwithstanding the Secured
Obligations having been Paid In Full In Cash. 
 Section 10.09 Captions. Captions and section headings appearing herein are
included solely for convenience of reference and are not intended to affect the interpretation of any provision of this Agreement. 

Section 10.10 No Oral Agreements. The Loan Documents (other than the Letters of Credit) embody the entire agreement and
understanding between the parties and supersede all other agreements and understandings between such parties relating to the subject matter hereof and thereof. THE LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. In the event of a conflict between the terms and conditions of this Agreement and the
terms and conditions of the Credit Agreement, the terms and conditions of the Credit Agreement shall control. 
 Section 10.11
Governing Law; Submission to Jurisdiction. 
 (a) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK. 
 (b) SECTION 12.09 OF THE CREDIT AGREEMENT IS HEREBY INCORPORATED HEREIN BY REFERENCE AND SHALL APPLY TO
THIS AGREEMENT MUTATIS MUTANDIS. 
 Section 10.12 Acknowledgments. Each Grantor hereby acknowledges
that: 
 (a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents to
which it is a party; 
 (b) neither the Administrative Agent nor any other Secured Party has any fiduciary relationship with or duty to any
Grantor arising out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between the Grantors, on the one hand, and the Administrative Agent and the other Secured Parties, on the other hand, in connection
herewith or therewith is solely that of debtor and creditor; and 
 (c) no joint venture is created hereby or by the other Loan Documents or
otherwise exists by virtue of the transactions contemplated hereby among the Secured Parties or among the Grantors and the Lenders. 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

27 

 (d) each of the parties hereto specifically agrees that it has a duty to read this Agreement and
the Security Instruments and agrees that it is charged with notice and knowledge of the terms of this Agreement and the Security Instruments; that it has in fact read this Agreement and is fully informed and has full notice and knowledge of the
terms, conditions and effects of this Agreement; that it has been represented by independent legal counsel of its choice throughout the negotiations preceding its execution of this Agreement and the Security Instruments; and has received the advice
of its attorney in entering into this Agreement and the Security Instruments; and that it recognizes that certain of the terms of this Agreement and the Security Instruments result in one party assuming the liability inherent in some aspects of the
transaction and relieving the other party of its responsibility for such liability. Each party hereto agrees and covenants that it will not contest the validity or enforceability of any exculpatory provision of this Agreement and the Security
Instruments on the basis that the party had no notice or knowledge of such provision or that the provision is not “conspicuous.” 

(e) each Grantor warrants and agrees that each of the waivers and consents set forth in this Agreement are made voluntarily and
unconditionally after consultation with independent legal counsel and with full knowledge of their significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise
adversely affect rights which such Grantor otherwise may have against the Borrower, any other Grantor, the Secured Parties or any other Person or against any collateral. If, notwithstanding the intent of the parties that the terms of this Agreement
shall control in any and all circumstances, any such waivers or consents are determined to be unenforceable under applicable law, such waivers and consents shall be effective to the maximum extent permitted by law. 

Section 10.13 Additional Grantors. Each Subsidiary of the Borrower that is required to become a party to this Agreement pursuant
to Section 8.09 of the Credit Agreement and is not a signatory hereto shall become a Grantor for all purposes of this Agreement upon execution and delivery by such Subsidiary of an Assumption Agreement in the form of Annex I hereto. 

Section 10.14 Set-Off. If an Event of Default shall have occurred and be continuing, each Secured Party is hereby authorized at
any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations (of whatsoever kind, including,
without limitations obligations under Swap Agreements) at any time owing by such Secured Party to or for the credit or the account of any Grantor against any of and all the obligations of such Grantor owed to such Secured Party now or hereafter
existing under this Agreement or any other Loan Document, irrespective of whether or not such Secured Party shall have made any demand under this Agreement or any other Loan Document and although such obligations may be unmatured. The rights of each
Secured Party under this Section 10.14 are in addition to other rights and remedies (including other rights of setoff) which such Secured Party may have. 

Section 10.15 Releases. 

(a) Release Upon Payment In Full In Cash. The grant of a security interest hereunder and all of rights, powers and remedies in
connection herewith shall remain in full force and effect until all Secured Obligations are Paid In Full In Cash, unless sooner released as 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

28 

 
provided by Section 11.10 of the Credit Agreement and as further provided in Section 10.15(b) below. If all Secured Obligations shall be Paid In Full In Cash, this Agreement shall be of
no further force or effect and the Administrative Agent, at the written request and expense of the Borrower, will promptly reassign, transfer and deliver the Collateral to the Grantors and execute and deliver all releases or other documents
reasonably requested to release the Liens created hereby. 
 (b) Further Assurances. If any of the Collateral shall be sold,
transferred or otherwise disposed of by any Grantor in a transaction permitted by the Credit Agreement, then the Administrative Agent, at the request and sole expense of such Grantor, shall promptly execute and deliver to such Grantor all releases
or other documents reasonably necessary or desirable for the release of the Liens created hereby on such Collateral and the capital stock of such Grantor. At the request and sole expense of the Borrower, a Grantor shall be released from its
obligations hereunder in the event that all the capital stock of such Grantor shall be sold, transferred or otherwise disposed of in a transaction permitted by the Credit Agreement; provided that the Borrower shall have delivered to the
Administrative Agent, at least ten Business Days prior to the date of the proposed release, a written request for release identifying the relevant Grantor and the terms of the sale or other disposition in reasonable detail, including the price
thereof and any expenses in connection therewith, together with a certification by the Borrower stating that such transaction is in compliance with the Credit Agreement and the other Loan Documents. 

(c) Retention in Satisfaction. Except as may be expressly applicable pursuant to Section 9-620 of the New York UCC, no action
taken or omission to act by the Administrative Agent or the other Secured Parties hereunder, including, without limitation, any exercise of voting or consensual rights or any other action taken or inaction, shall be deemed to constitute a retention
of the Collateral in satisfaction of the Secured Obligations or otherwise to be in full satisfaction of the Secured Obligations, and the Secured Obligations shall remain in full force and effect, until the Administrative Agent and the other Secured
Parties shall have applied payments (including, without limitation, collections from Collateral) towards the Secured Obligations in the full amount then outstanding or until such subsequent time as is provided in Section 10.15(a). 

Section 10.16 Reinstatement. The obligations of each Grantor under this Agreement (including, without limitation, with respect to
the guarantee contained in Article II and the provision of collateral herein) shall continue to be effective, or be reinstated, as the case may be, if at any time payment, or any part thereof, of any of the Secured Obligations is rescinded or must
otherwise be restored or returned by the Administrative Agent or any other Secured Party upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of any Grantor, or upon or as a result of the appointment of a receiver, intervenor
or conservator of, or trustee or similar officer for, the Borrower or any Grantor or any substantial part of its property, or otherwise, all as though such payments had not been made. To the extent that any payments on the Secured Obligations or
proceeds of any Collateral are subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, debtor in possession, receiver or other Person under any bankruptcy law, common law or equitable
cause, then to such extent, the Secured Obligations so satisfied shall be revived and continue as if such payment or proceeds had not been received and the Administrative Agent’s and the other Secured Parties’

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

29 

 
Liens, security interests, rights, powers and remedies under this Agreement and each Security Instrument shall continue in full force and effect. In such event, each Security Instrument shall be
automatically reinstated and each Grantor shall take such action as may be reasonably requested by the Administrative Agent and the other Secured Parties to effect such reinstatement. 

Section 10.17 Acceptance. Each Grantor hereby expressly waives notice of acceptance of this Agreement, acceptance on the part of
the Administrative Agent and the other Secured Parties being conclusively presumed by their request for this Agreement and delivery of the same to the Administrative Agent. 

Section 10.18 Amendment and Restatement. This Agreement amends and restates and is given in substitution for, but not in
satisfaction of, the Prior Guarantee Agreement; provided that nothing contained in this Agreement shall limit or affect the liens and security interests heretofore granted, pledged and/or assigned to the Administrative Agent under the Prior
Guarantee Agreement. 
 [Signature pages follow.] 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

30 

 IN WITNESS WHEREOF, each of the undersigned has caused this Guarantee and Collateral Agreement to
be duly executed and delivered as of the date first above written. 
  

							
	BORROWER:	 		 	ECLIPSE RESOURCES I, LP
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	
			
	GUARANTORS:	 		 	ECLIPSE RESOURCES CORPORATION
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	
			
		 		 	ECLIPSE GP, LLC
		 		 	ECLIPSE RESOURCES – OHIO, LLC
		 		 	ECLIPSE RESOURCES OPERATING, LLC
		 		 	BUCKEYE MINERALS & ROYALTIES, LLC
		 		 	ECLIPSE RESOURCES MIDSTREAM, LP
		 		 	ECLIPSE RESOURCES MARKETING, LP
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	

 SIGNATURE PAGE 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

							
		 		 	 Acknowledged and Agreed to as
 of
the date hereof by:

			
	ADMINISTRATIVE AGENT:	 		 	BANK OF MONTREAL, as Administrative Agent
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

 SIGNATURE PAGE 

  

					
		 		 	[AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT]

 EXHIBIT G 

FORM OF ASSIGNMENT AND ASSUMPTION 

This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is
entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to
them in the Amended and Restated Credit Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1
attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases
and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s
rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding
rights and obligations of the Assignor under the respective facilities identified below (including any letters of credit and guarantees included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all
claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered
pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to
the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned
Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. 

 

					
	 1.      Assignor:
	    	  
	  	
			
	 2.      Assignee:
	    	  
	  	
		    	[and is an Affiliate/Approved Fund of [identify Lender]1]
		
	 3.      Borrower:
	    	Eclipse Resources I, LP
			
	 4.      Administrative Agent:
	    	Bank of Montreal, as the administrative agent under the Credit Agreement	  	
		
	 5.      Credit Agreement:
	    	The Amended and Restated Credit Agreement dated as of January 12, 2015 among Eclipse Resources I, LP, Ultimate Parent, the Lenders parties thereto, Bank of Montreal, as Administrative Agent, and the other agents
parties thereto

  

	1 	Select as applicable. 

  

					
		 	Exhibit G - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

	6.	Assigned Interest: 

  

					
	 Maximum Credit Amount Assigned
	  	Percentage Assigned
of Aggregate
Maximum Credit
Amounts	 
		  	 	    	% 
		  	 	    	% 
		  	 	    	% 

 Effective Date:             
        , 201     [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 

[signature pages follow] 

  

					
		 	Exhibit G - 2	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 The terms set forth in this Assignment and Assumption are hereby agreed to: 

 

			
	ASSIGNOR
	
	[NAME OF ASSIGNOR]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	ASSIGNEE
	
	[NAME OF ASSIGNEE]
		
	By:	 	  

	Name:	 	
	Title:	 	

  

					
		 	Exhibit G - 3	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

			
	[Consented to and]2 Accepted:
	
	 BANK OF MONTREAL,
 as Administrative
Agent

		
	By	 	  

	Name:	 	
	Title:	 	
	
	[Consented to:]3
	
	[NAME OF RELEVANT PARTY]
		
	By	 	  

	Name:	 	
	Title:	 	

  

	2 	To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement. 

	3 	To be added only if the consent of the Borrower and/or other parties (e.g. Issuing Bank) is required by the terms of the Credit Agreement. 

  

					
		 	Exhibit G - 4	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 ANNEX 1 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 
 1.
Representations and Warranties. 
 1.1. Assignor. The Assignor (a) represents and warrants that (i) it is the legal
and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and
deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit
Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Credit Parties, any of
their respective Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Credit Parties, any of their respective Subsidiaries or Affiliates or any other Person of any
of their respective obligations under any Loan Document. 
 1.2. Assignee. The Assignee (a) represents and warrants that
(i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement,
(ii) it satisfies the requirements, if any, specified in the Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall be bound
by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the
most recent financial statements delivered pursuant to Section 8.01 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and
Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, and (v) if it is a Foreign Lender, attached to the
Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance
on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents,
and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 

2. Payments. From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest
(including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date. 

  

					
		 	Exhibit G - 5	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to
the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a
signature page of this Assignment and Assumption by facsimile or other electronic transmission (e.g. .pdf) shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be
governed by, and construed in accordance with, the law of the State of New York. 

  

					
		 	Exhibit G - 6	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 EXHIBIT H-1 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE (FOREIGN LENDERS; NOT PARTNERSHIPS) 

(For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Amended and Restated Credit Agreement dated as of January 12, 2015 (as amended, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among Eclipse Resources I, LP, as Borrower, Ultimate Parent, Bank of Montreal, as Administrative Agent, the financial institutions from time to time party thereto as Lenders, and the other
Agents party thereto. 
 Pursuant to the provisions of Section 5.03 of the Credit Agreement, the undersigned hereby certifies that (i) it is the
sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code,
(iii) it is not a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of
the Code. 
 The undersigned has furnished the Administrative Agent and the Borrower with a certificate of its non-U.S. Person status on IRS Form W-8BEN. By
executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned shall have at
all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years
preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in
the Credit Agreement. 
  

			
	[NAME OF LENDER]
		
	 By:
	 	
	 Name:
	 	
	 Title:
	 	
	 Date:
	 	                  ,
201[    ]

  

					
		 	Exhibit H-1 - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 EXHIBIT H-2 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE (FOREIGN PARTICIPANTS; NOT PARTNERSHIPS) 

(For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Amended and Restated Credit Agreement dated as of January 12, 2015 (as amended, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among Eclipse Resources I, LP, as Borrower, Ultimate Parent, Bank of Montreal, as Administrative Agent, the financial institutions from time to time party thereto as Lenders, and the other
Agents party thereto. 
 Pursuant to the provisions of Section 5.03 of the Credit Agreement, the undersigned hereby certifies that (i) it is the
sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the
Borrower within the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BEN. By executing this certificate, the
undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall have at all times furnished such Lender with a properly
completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 

 

			
	[NAME OF PARTICIPANT]
		
	 By:
	 	
	 Name:
	 	
	 Title:
	 	
	 Date:
	 	                  ,
201[    ]

  

					
		 	Exhibit H-2 - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 EXHIBIT H-3 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE (FOREIGN PARTICIPANTS; PARTNERSHIPS) 

(For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Amended and Restated Credit Agreement dated as of January 12, 2015 (as amended, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among Eclipse Resources I, LP, as Borrower, Ultimate Parent, Bank of Montreal, as Administrative Agent, the financial institutions from time to time party thereto as Lenders, and the other
Agents party thereto. 
 Pursuant to the provisions of Section 5.03 of the Credit Agreement, the undersigned hereby certifies that (i) it is the
sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation, (iii) with respect such participation, neither
the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code,
(iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign
corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished its participating Lender with
IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of
such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall
promptly so inform such Lender and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the
undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and
used herein shall have the meanings given to them in the Credit Agreement. 
  

			
	[NAME OF PARTICIPANT]
		
	 By:
	 	
	 Name:
	 	
	 Title:
	 	
	 Date:
	 	                  ,
201[    ]

  

					
		 	Exhibit H-3 - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 EXHIBIT H-4 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE (FOREIGN LENDERS; PARTNERSHIPS) 

(For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Amended and Restated Credit Agreement dated as of January 12, 2015 (as amended, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among Eclipse Resources I, LP, as Borrower, Ultimate Parent, Bank of Montreal, as Administrative Agent, the financial institutions from time to time party thereto as Lenders, and the other
Agents party thereto. 
 Pursuant to the provisions of Section 5.03 of the Credit Agreement, the undersigned hereby certifies that (i) it is the
sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such Loan(s) (as well as any
Note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit
pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the
Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished the Administrative Agent and the Borrower with IRS Form W-8IMY accompanied by one of the following forms from each of its
partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is claiming the
portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent, and
(2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or
in either of the two calendar years preceding such payments. Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 

 

			
	[NAME OF LENDER]
		
	 By:
	 	
	 Name:
	 	
	 Title:
	 	
	 Date:
	 	                  ,
201[    ]

  

					
		 	Exhibit H-4 - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 EXHIBIT I 

FORM OF ELECTED COMMITMENT INCREASE CERTIFICATE 

[—], 201[—] 

 

	To:	Bank of Montreal, 

 as Administrative Agent 

The Borrower, Ultimate Parent, the Administrative Agent and certain Lenders and other agents have heretofore entered into an Amended and
Restated Credit Agreement, dated as of January 12, 2015 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms not otherwise defined herein shall have the meaning
given to such terms in the Credit Agreement. 
 This Elected Commitment Increase Certificate is being delivered pursuant to
Section 2.06(c) of the Credit Agreement. 
 Please be advised that the undersigned Lender has agreed (a) to increase its Elected
Commitment under the Credit Agreement effective [—], 201[—] from $[—] to $[—] and (b) that it shall continue to be a party in all respects to the Credit Agreement and the other Loan Documents. 

 

			
	Very truly yours,
	
	 ECLIPSE RESOURCES I, LP,
 a Delaware
limited partnership

		
	By:	 	  

		 	Name:
		 	Title:

  

					
		 	Exhibit I - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

			
	Accepted and Agreed:
	
	 BANK OF MONTREAL,
 as Administrative
Agent

		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

	
	Accepted and Agreed:
	
	[Name of Increasing Lender]
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

  

					
		 	Exhibit I - 2	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 EXHIBIT J 

FORM OF ADDITIONAL LENDER CERTIFICATE 

[—], 201[—] 

 

	To:	Bank of Montreal, 

 as Administrative Agent 

The Borrower, Ultimate Parent, the Administrative Agent and certain Lenders and other agents have heretofore entered into an Amended and
Restated Credit Agreement, dated as of January 12, 2015 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms not otherwise defined herein shall have the meaning
given to such terms in the Credit Agreement. 
 This Additional Lender Certificate is being delivered pursuant to Section 2.06(c) of
the Credit Agreement. 
 Please be advised that the undersigned Additional Lender has agreed (a) to become a Lender under the Credit
Agreement effective [—], 201[—] with a Maximum Aggregate Credit Amount of $[—] and an Elected
Commitment of $[—] and (b) that it shall be a party in all respects to the Credit Agreement and the other Loan Documents. 

This Additional Lender Certificate is being delivered to the Administrative Agent together with (i) if the Additional Lender is a Foreign
Lender, any documentation required to be delivered by such Additional Lender pursuant to Section 5.03(e) of the Credit Agreement, duly completed and executed by the Additional Lender, and (ii) an Administrative Questionnaire in the form
supplied by the Administrative Agent, duly completed by the Additional Lender. The [Borrower/Additional Lender] shall pay the fee payable to the Administrative Agent pursuant to Section 2.06(c)(ii)(G) of the Credit Agreement. 

 

			
	Very truly yours,
	
	 ECLIPSE RESOURCES I, LP,
 a Delaware
limited partnership

		
	By:	 	  

		 	Name:
		 	Title:

  

					
		 	Exhibit J - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

			
	Accepted and Agreed:
	
	 BANK OF MONTREAL,
 as Administrative
Agent

		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

	
	Accepted and Agreed:
	
	[Additional Lender]
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

  

					
		 	Exhibit J - 2	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 SCHEDULE 1.01 

EXISTING LETTERS OF CREDIT 
 Bank of
Montreal Irrevocable Standby Letter of Credit No. BMCH437518OS for $26,937,000.00 in favor of Columbia Gas Transmission 

  

					
		 	Schedule 1.01 - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 SCHEDULE 7.05 

LITIGATION 
 1. The Oxford Oil Company v.
Barry M. West, et al. in the Common Pleas Court of Belmont County, Ohio (Case No. 11-CV-435, filed October 24, 2011), appeal pending in the Court of Appeals, Seventh Appellate District (Appeal Case No. 13BE31, filed October 8,
2013). 

  

					
		 	Schedule 7.05 - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 SCHEDULE 7.06 

ENVIRONMENTAL MATTERS 
 None. 

  

					
		 	Schedule 7.06 - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 SCHEDULE 7.14 

SUBSIDIARIES 
  

							
	 Restricted Subsidiaries
	  	 Jurisdiction of
Organization
	  	 Organizational
Identification

Number
	  	 Principal Place of

Business and

Chief Executive Office

	Eclipse GP, LLC	  	Delaware	  	4929497	  	 2121 Old Gatesburg Rd.
 Suite 110

State College,
 Pennsylvania 16803

	Eclipse Resources I, LP	  	Delaware	  	4929500	  	 2121 Old Gatesburg Rd.
 Suite 110

State College,
 Pennsylvania 16803

	Eclipse Resources-Ohio, LLC	  	Delaware	  	5547529	  	 2121 Old Gatesburg Rd.
 Suite 110

State College,
 Pennsylvania 16803

	Buckeye Minerals & Royalties, LLC	  	Delaware	  	5409381	  	 2121 Old Gatesburg Rd.
 Suite 110

State College,
 Pennsylvania 16803

	Eclipse Resources Operating, LLC	  	Delaware	  	4908919	  	 2121 Old Gatesburg Rd.
 Suite 110

State College,
 Pennsylvania 16803

	Eclipse Resources Midstream, LP	  	Delaware	  	5669909	  	 2121 Old Gatesburg Rd.
 Suite 110

State College,
 Pennsylvania 16803

	Eclipse Resources Marketing, LP	  	Delaware	  	5669913	  	 2121 Old Gatesburg Rd.
 Suite 110

State College,
 Pennsylvania 16803

				
	 Unrestricted Subsidiaries
	  	 Jurisdiction of
Organization
	  	 Organizational
Identification

Number
	  	 Principal Place of

Business and

Chief Executive Office

	None.	  		  		  	

  

					
		 	Schedule 7.14 - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 SCHEDULE 7.18 

GAS IMBALANCES 
 None. 

  

					
		 	Schedule 7.18 - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 SCHEDULE 7.19 

MARKETING CONTRACTS 
 None. 

  

					
		 	Schedule 7.19 - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 SCHEDULE 7.20 

SWAP AGREEMENTS 
 1. ISDA 2002 Master
Agreement dated as of January 10, 2014 between Eclipse Resources I, L.P. and Bank of Montreal 
 2. Schedule to ISDA 2002 Master Agreement dated as of
January 10, 2014 between Eclipse Resources I, L.P. and Bank of Montreal 
 3. ISDA 1992 Master Agreement dated as of April 4, 2014 between Eclipse
Resources I, L.P. and KeyBank, National Association 
 4. Schedule to ISDA 1992 Master Agreement dated as of April 4, 2014 between Eclipse Resources I,
L.P. and KeyBank, National Association 
  

																	
	 Type
	  	Term/Price	 	  	Effective
Date	  	Termination
Date	  	Volumes	 	  	
Counter-Party
	  	 Margin

							
	 NYMEX Natural Gas Swap
	  	 	4.0900	  	  	1/1/2015	  	12/31/2015	  	 	7,300,000	  	  	BMO Financial Group	  	None
							
	 NYMEX Natural Gas Swap
	  	 	4.0300	  	  	10/1/2014	  	6/30/2015	  	 	1,365,000	  	  	BMO Financial Group	  	None
							
	 NYMEX Natural Gas Swap
	  	 	3.9950	  	  	10/1/2014	  	9/30/2015	  	 	1,825,000	  	  	KeyBank	  	None
							
	 NYMEX Natural Gas Swap
	  	 	3.5450	  	  	1/1/2015	  	12/31/2015	  	 	5,475,000	  	  	BMO Financial Group	  	None
							
	 NYMEX Natural Gas Swap
	  	 	3.6600	  	  	1/1/2015	  	12/31/2016	  	 	7,310,000	  	  	KeyBank	  	None

  

					
		 		 	[AMENDED AND RESTATED CREDIT AGREEMENT]
			
		 	Schedule 7.20 - 1	 	

																	
							
	 NYMEX Natural Gas Swap
	  	 	3.6600	  	 	1/1/2015	  	12/31/2016	  	 	10,965,000	  	  	BMO Financial Group	  	None
							
	 Natural Gas Appalachia (Dominion) /Henry Hub Basis Swap
	  	 	(1.1750	) 	 	11/1/2014	  	10/31/2015	  	 	1,825,000	  	  	BMO Financial Group	  	None
							
	 Natural Gas Appalachia (Dominion) /Henry Hub Basis Swap
	  	 	(1.1775	) 	 	11/1/2014	  	10/31/2015	  	 	1,825,000	  	  	BMO Financial Group	  	None
							
	 Natural Gas Appalachia (Dominion) /Henry Hub Basis Swap
	  	 	(1.1750	) 	 	11/1/2014	  	10/31/2015	  	 	1,825,000	  	  	BMO Financial Group	  	None
							
	 Natural Gas Appalachia (Dominion) /Henry Hub Basis Swap
	  	 	(1.2700	) 	 	4/1/2015	  	10/31/2015	  	 	1,070,000	  	  	BMO Financial Group	  	None
							
	 Natural Gas Appalachia (Dominion) /Henry Hub Basis Swap
	  	 	(1.2400	) 	 	4/1/2015	  	10/31/2015	  	 	1,070,000	  	  	KeyBank	  	None

  

					
		 		 	[AMENDED AND RESTATED CREDIT AGREEMENT]
			
		 	Schedule 7.20 - 2	 	

																	
							
	 Natural Gas Appalachia (Dominion) /Henry Hub Basis Swap
	  	 	(0.9025	) 	 	11/1/2014	  	3/31/2015	  	 	1,510,000	  	  	BMO Financial Group	  	None
							
	 NYMEX Natural Gas Put Sale
	  	 	3.3500	  	 	1/1/2015	  	12/31/2015	  	 	6,132,000	  	  	BMO Financial Group	  	N/A
							
	 NYMEX Natural Gas Collar
	  	 
 	4.00 long put /
4.75 short call	  
  	 	10/1/2014	  	3/31/2015	  	 	910,000	  	  	BMO Financial Group	  	N/A
							
	 NYMEX Natural Gas Put - Sale
	  	 	3.0000	  	 	1/1/2015	  	12/31/2015	  	 	5,475,000	  	  	BMO Financial Group	  	N/A
							
	 NYMEX Natural Gas Put - Purchase
	  	 	3.6000	  	 	1/1/2015	  	12/31/2015	  	 	5,475,000	  	  	BMO Financial Group	  	N/A
							
	 NYMEX Natural Gas Call - Sale
	  	 	3.8000	  	 	1/1/2015	  	12/31/2015	  	 	5,475,000	  	  	BMO Financial Group	  	N/A

  

					
		 		 	[AMENDED AND RESTATED CREDIT AGREEMENT]
			
		 	Schedule 7.20 - 3	 	

 SCHEDULE 9.02 

EXISTING DEBT 
 Insurance premiums in the
amount of $434,539.54 are financed by Flatiron Capital and are due on September 15, 2015. 

  

					
		 	Schedule 9.02 - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 SCHEDULE 9.03 

EXISTING LIENS 
 None. 

  

					
		 	Schedule 9.03 - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 SCHEDULE 9.05 

INVESTMENTS 
 None. 

  

					
		 	Schedule 9.05 - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]

 SCHEDULE 9.14 

AFFILIATE TRANSACTIONS 
 None. 

  

					
		 	Schedule 9.14 - 1	 	[AMENDED AND RESTATED CREDIT AGREEMENT]EX-4.1

 Exhibit 4.1 

EXECUTION VERSION 

AIRCASTLE LIMITED, 
 as Company,

 and 
 WELLS FARGO BANK,
NATIONAL ASSOCIATION, 
 as Trustee 

THIRD SUPPLEMENTAL INDENTURE 

Dated as of January 15, 2015 
  

 
 5.50% Senior
Notes due 2022 

 Aircastle Limited* 

Reconciliation and tie between Trust Indenture Act 

of 1939 and the Third Supplemental Indenture, dated as of January 15, 2015 

 

			
	 Trust Indenture

Act Section
	  	Indenture Section
	 § 310 (a)(1)
	  	608
	 (a)(2)
	  	608
	 (a)(5)
	  	608
	 (b)
	  	609
	 § 312 (a)
	  	701
	 (b)
	  	702
	 (c)
	  	702
	 § 313 (a)
	  	703
	 (c)(1)
	  	703
	 (c)(2)
	  	703
	 § 314 (a)
	  	1301, 1304, 1305, 1009
	 (a)(4)
	  	1008
	 (c)(1)
	  	1301
	 (c)(2)
	  	1301
	 (c)(3)
	  	N/A
	 (e)
	  	1301
	 (f)
	  	N/A
	 § 315 (a)
	  	601
	 (b)
	  	1305, 602
	 (c)
	  	601
	 (d)
	  	601
	 (e)
	  	603
	 § 316 (a)(last sentence)
	  	101 (“Outstanding”)
	 (a)(1)(A)
	  	502, 512
	 (a)(1)(B)
	  	513
	 (b)
	  	508
	 (c)
	  	1303(d)
	 § 317 (a)(1)
	  	503
	 (a)(2)
	  	504
	 (b)
	  	1003
	 § 318 (a)
	  	1310

  

	*	This reconciliation and tie shall not, for any purpose, be deemed to be a part of this Supplemental Indenture. 

 TABLE OF CONTENTS1 

 

					
	 	 	 	  	Page

 ARTICLE ONE 

DEFINITIONS AND OTHER PROVISIONS 

OF GENERAL APPLICATION 
  

							
	SECTION 101.	  	 Definitions
	  	 	2	  

 ARTICLE TWO 

NOTE FORMS 
  

							
	SECTION 201.	  	 Forms Generally
	  	 	31	  
	SECTION 202.	  	 Form of Trustee’s Certificate of Authentication
	  	 	32	  
	SECTION 203.	  	 Restrictive Legends
	  	 	32	  

 ARTICLE THREE 

THE NOTES 
  

							
	SECTION 301.	  	 Title and Terms
	  	 	33	  
	SECTION 302.	  	 Denominations
	  	 	34	  
	SECTION 303.	  	 Execution, Authentication, Delivery and Dating
	  	 	34	  
	SECTION 304.	  	 Temporary Notes
	  	 	35	  
	SECTION 305.	  	 Registration, Paying Agent, Registration of Transfer and Exchange
	  	 	35	  
	SECTION 306.	  	 Mutilated, Destroyed, Lost and Stolen Notes
	  	 	36	  
	SECTION 307.	  	 Payment of Interest; Interest Rights Preserved
	  	 	37	  
	SECTION 308.	  	 Persons Deemed Owners
	  	 	38	  
	SECTION 309.	  	 Cancellation
	  	 	38	  
	SECTION 310.	  	 Computation of Interest
	  	 	38	  
	SECTION 311.	  	 Book-Entry and Transfer Provisions
	  	 	38	  
	SECTION 312.	  	 CUSIP Numbers
	  	 	42	  
	SECTION 313.	  	 Issuance of Additional Notes
	  	 	42	  

 ARTICLE FOUR 

SATISFACTION AND DISCHARGE 
  

							
	SECTION 401.	  	 Satisfaction and Discharge of Indenture
	  	 	43	  
	SECTION 402.	  	 Application of Trust Money
	  	 	44	  

  

	1 	This table of contents shall not, for any purpose, be deemed to be a part of this Supplemental Indenture. 

  
 -i- 

							
	 	  	 	  	Page	 
		  	 ARTICLE FIVE
  

REMEDIES
  
	  			
	SECTION 501.	  	 Events of Default
	  	 	44	  
	SECTION 502.	  	 Acceleration of Maturity; Rescission and Annulment
	  	 	46	  
	SECTION 503.	  	 Collection of Indebtedness and Suits for Enforcement by Trustee
	  	 	47	  
	SECTION 504.	  	 Trustee May File Proofs of Claim
	  	 	47	  
	SECTION 505.	  	 Trustee May Enforce Claims Without Possession of Notes.
	  	 	48	  
	SECTION 506.	  	 Application of Money Collected
	  	 	48	  
	SECTION 507.	  	 Limitation on Suits
	  	 	48	  
	SECTION 508.	  	 Unconditional Right of Holders To Receive Principal, Premium and Interest
	  	 	49	  
	SECTION 509.	  	 Restoration of Rights and Remedies
	  	 	49	  
	SECTION 510.	  	 Rights and Remedies Cumulative
	  	 	49	  
	SECTION 511.	  	 Delay or Omission Not Waiver
	  	 	50	  
	SECTION 512.	  	 Control by Holders
	  	 	50	  
	SECTION 513.	  	 Waiver of Past Defaults
	  	 	50	  
	SECTION 514.	  	 Waiver of Stay or Extension Laws
	  	 	50	  
			
		  	ARTICLE SIX	  			
			
		  	 THE TRUSTEE
  
	  			
	SECTION 601.	  	 Duties of the Trustee
	  	 	51	  
	SECTION 602.	  	 Notice of Defaults
	  	 	52	  
	SECTION 603.	  	 Certain Rights of Trustee
	  	 	52	  
	SECTION 604.	  	 Trustee Not Responsible for Recitals or Issuance of Notes
	  	 	53	  
	SECTION 605.	  	 May Hold Notes
	  	 	54	  
	SECTION 606.	  	 Money Held in Trust
	  	 	54	  
	SECTION 607.	  	 Compensation and Reimbursement
	  	 	54	  
	SECTION 608.	  	 Corporate Trustee Required; Eligibility
	  	 	55	  
	SECTION 609.	  	 Resignation and Removal; Appointment of Successor
	  	 	55	  
	SECTION 610.	  	 Acceptance of Appointment by Successor
	  	 	56	  
	SECTION 611.	  	 Merger, Conversion, Consolidation or Succession to Business
	  	 	57	  
	SECTION 612.	  	 Appointment of Authenticating Agent
	  	 	57	  
	SECTION 613.	  	 Force Majeure
	  	 	58	  
			
		  	ARTICLE SEVEN	  			
			
		  	 HOLDERS LISTS AND REPORTS BY TRUSTEE AND COMPANY

 
	  			
	SECTION 701.	  	 Company To Furnish Trustee Names and Addresses
	  	 	59	  
	SECTION 702.	  	 Disclosure of Names and Addresses of Holders
	  	 	59	  
	SECTION 703.	  	 Reports by Trustee
	  	 	59	  

  
 -ii- 

					
	 	  	 	  	Page

 ARTICLE EIGHT 

AMALGAMATION, MERGER, CONSOLIDATION OR 

SALE OF ALL OR SUBSTANTIALLY ALL ASSETS 
  

							
	SECTION 801.	  	 Company May Consolidate, Etc., Only on Certain Terms
	  	 	59	  
	SECTION 802.	  	 Successor Substituted
	  	 	60	  

 ARTICLE NINE 

SUPPLEMENTAL INDENTURES 
  

							
	SECTION 901.	  	 Amendments or Supplements Without Consent of Holders
	  	 	61	  
	SECTION 902.	  	 Amendments, Supplements or Waivers with Consent of Holders
	  	 	61	  
	SECTION 903.	  	 Execution of Amendments, Supplements or Waivers
	  	 	62	  
	SECTION 904.	  	 Effect of Amendments, Supplements or Waivers
	  	 	63	  
	SECTION 905.	  	 Conformity with Trust Indenture Act
	  	 	63	  
	SECTION 906.	  	 Reference in Notes to Supplemental Indentures
	  	 	63	  
	SECTION 907.	  	 Notice of Supplemental Indentures
	  	 	63	  
	SECTION 908.	  	 Payment for Consent
	  	 	63	  

 ARTICLE TEN 

COVENANTS 
  

							
	SECTION 1001.	  	 Payment of Principal, Premium, if Any, and Interest
	  	 	64	  
	SECTION 1002.	  	 Maintenance of Office or Agency
	  	 	64	  
	SECTION 1003.	  	 Money for Notes Payments To Be Held in Trust
	  	 	64	  
	SECTION 1004.	  	 Corporate Existence
	  	 	65	  
	SECTION 1005.	  	 Payment of Taxes and Other Claims
	  	 	65	  
	SECTION 1006.	  	 Maintenance of Properties
	  	 	65	  
	SECTION 1007.	  	 Insurance
	  	 	66	  
	SECTION 1008.	  	 Statement by Officers as to Default
	  	 	66	  
	SECTION 1009.	  	 Reports and Other Information
	  	 	67	  
	SECTION 1010.	  	 Limitation on Restricted Payments
	  	 	68	  
	SECTION 1011.	  	 Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock
	  	 	73	  
	SECTION 1012.	  	 Limitation on Liens
	  	 	78	  
	SECTION 1013.	  	 Limitations on Transactions with Affiliates
	  	 	78	  
	SECTION 1014.	  	 Limitations on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries
	  	 	80	  
	SECTION 1015.	  	 [Reserved]
	  	 	81	  
	SECTION 1016.	  	 Change of Control
	  	 	81	  
	SECTION 1017.	  	 Asset Sales
	  	 	83	  
	SECTION 1018.	  	 Waiver of Certain Covenants
	  	 	85	  
	SECTION 1019.	  	 Discharge and Suspension of Covenants
	  	 	86	  
	SECTION 1020.	  	 Note Guarantees
	  	 	86	  
	SECTION 1021.	  	 Additional Amounts
	  	 	87	  

  
 -iii- 

					
	 	  	 	  	Page

 ARTICLE ELEVEN 

REDEMPTION OF NOTES 
  

							
	SECTION 1101.	  	 Right of Redemption
	  	 	89	  
	SECTION 1102.	  	 Redemption for Taxation Reasons
	  	 	89	  
	SECTION 1103.	  	 Applicability of Article
	  	 	90	  
	SECTION 1104.	  	 Election To Redeem; Notice to Trustee
	  	 	90	  
	SECTION 1105.	  	 Selection by Trustee of Notes To Be Redeemed
	  	 	90	  
	SECTION 1106.	  	 Notice of Redemption
	  	 	91	  
	SECTION 1107.	  	 Deposit of Redemption Price
	  	 	91	  
	SECTION 1108.	  	 Notes Payable on Redemption Date
	  	 	92	  
	SECTION 1109.	  	 Notes Redeemed in Part
	  	 	92	  

 ARTICLE TWELVE 

DEFEASANCE AND COVENANT DEFEASANCE 
  

							
	SECTION 1201.	  	 Company’s Option To Effect Legal Defeasance or Covenant Defeasance
	  	 	92	  
	SECTION 1202.	  	 Legal Defeasance and Discharge
	  	 	92	  
	SECTION 1203.	  	 Covenant Defeasance
	  	 	93	  
	SECTION 1204.	  	 Conditions to Legal Defeasance or Covenant Defeasance
	  	 	93	  
	SECTION 1205.	  	 Deposited Money and Government Securities To Be Held in Trust; Other Miscellaneous Provisions
	  	 	95	  
	SECTION 1206.	  	 Reinstatement
	  	 	95	  

 ARTICLE THIRTEEN 

MISCELLANEOUS PROVISIONS 
  

							
	SECTION 1301.	  	 Compliance Certificates and Opinions
	  	 	95	  
	SECTION 1302.	  	 Form of Documents Delivered to Trustee
	  	 	96	  
	SECTION 1303.	  	 Acts of Holders
	  	 	96	  
	SECTION 1304.	  	 Notices, Etc., to Trustee, Company and Agent
	  	 	97	  
	SECTION 1305.	  	 Notice to Holders; Waiver
	  	 	98	  
	SECTION 1306.	  	 Effect of Headings and Table of Contents
	  	 	98	  
	SECTION 1307.	  	 Successors and Assigns
	  	 	99	  
	SECTION 1308.	  	 Separability Clause
	  	 	99	  
	SECTION 1309.	  	 Benefits of Indenture
	  	 	99	  
	SECTION 1310.	  	 Governing Law
	  	 	99	  
	SECTION 1311.	  	 Communication by Holders of Notes with Other Holders of Notes
	  	 	99	  
	SECTION 1312.	  	 Legal Holidays
	  	 	99	  
	SECTION 1313.	  	 No Personal Liability of Directors, Officers, Employees and Shareholders
	  	 	99	  
	SECTION 1314.	  	 Trust Indenture Act Controls
	  	 	100	  
	SECTION 1315.	  	 Counterparts
	  	 	100	  
	SECTION 1316.	  	 USA Patriot Act
	  	 	100	  
	SECTION 1317.	  	 Waiver of Jury Trial
	  	 	100	  
	SECTION 1318.	  	 Effective Indenture
	  	 	100	  

  
 -iv- 

 EXHIBITS 
 EXHIBIT A
– Form of Note 
 EXHIBIT B – Form of Incumbency Certificate 

  
 -v- 

 THIRD SUPPLEMENTAL INDENTURE, dated as of January 15, 2015 (this “Supplemental
Indenture”), between AIRCASTLE LIMITED, a company incorporated under the laws of Bermuda (the “Company”), having its principal office at 300 First Stamford Place, 5th Floor, Stamford, CT 06902 and WELLS FARGO BANK, NATIONAL
ASSOCIATION, a national banking association, as trustee (in such capacity, the “Trustee”). 
 RECITALS OF THE COMPANY 

WHEREAS, the Company and the Trustee entered into that certain Indenture, dated as of December 5, 2013 (the “Base Indenture”),
pursuant to which the Company may from time to time issue its senior indebtedness in the form of one or more series of unsecured debentures, notes, bonds or other evidences of indebtedness (collectively, the “Securities”); and 

WHEREAS, Section 14.01(p) of the Base Indenture provides that the Company and the Trustee may, without the consent of the Holders of the
Securities, enter into a supplemental indenture to establish the form and terms of Securities of any series as permitted in Section 3.01 of the Base Indenture; and 

WHEREAS, the Company has duly authorized the creation of an issue of 5.50% Senior Notes due 2022 (the “Initial Notes”) as they may
be issued from time to time under this Supplemental Indenture, including any Additional Notes issued pursuant to Section 301 of this Supplemental Indenture, and in connection therewith, there being no Notes Outstanding at the time of execution
and delivery of this Supplemental Indenture, the Company has duly determined to make, execute and deliver this Supplemental Indenture to set forth the terms and provisions of the Notes as required by the Base Indenture and to modify, amend,
supplement and delete certain provisions of the Base Indenture in respect of the Notes; and 
 WHEREAS, the Company has determined that this
Supplemental Indenture is authorized and permitted by Section 14.01 of the Base Indenture and the Company has delivered to the Trustee an Opinion of Counsel and an Officer’s Certificate to the effect that all conditions precedent provided
for in the Base Indenture to the execution and delivery of this Supplemental Indenture have been complied with; and 
 WHEREAS, the Form of
Note, the Trustee’s Certificate of Authentication to be borne by each Note, the Form of Option of Holder to Elect Purchase and the Form of Assignment to be borne by the Notes are to be substantially in the forms hereinafter provided for; and

 WHEREAS, this Supplemental Indenture is subject to the provisions of the Trust Indenture Act of 1939, as amended, that are required to be
part of this Supplemental Indenture and shall, to the extent applicable, be governed by such provisions; and 
 WHEREAS, all things
necessary to make the Notes, when executed by the Company and authenticated and delivered by the Trustee or a duly authorized authenticating agent, when the Notes have been so executed, authenticated and delivered, the valid and legally binding
obligations of the Company, have been done; and 
 WHEREAS, all things necessary to make this Supplemental Indenture a valid and legally
binding agreement according to its terms, and a valid and legally binding amendment of, and supplement to, the Base Indenture, have been done. 

 NOW, THEREFORE, in consideration of the mutual agreements and covenants set forth herein, the
parties hereto agree, subject to the terms and conditions hereinafter set forth, as follows for the benefit of the Trustee and the Holders: 

NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH: 

For and in consideration of the premises and the purchase of the Notes by the Holders thereof, it is mutually covenanted and agreed, for the
equal and proportionate benefit of all Holders, as follows: 
 ARTICLE ONE 

DEFINITIONS AND OTHER PROVISIONS 

OF GENERAL APPLICATION 

All capitalized terms contained in this Supplemental Indenture shall, except as specifically provided for herein and except as the context may
otherwise require, have the meanings given to such terms in the Base Indenture. Unless the context otherwise requires, all references in this Supplemental Indenture to Articles, Sections or Exhibits refer to Articles, or Sections of or Exhibits to
this Supplemental Indenture. The rules of interpretation set forth in the opening paragraph of Article I of the Base Indenture shall be applied hereto as if set forth in full herein. The terms and provisions contained in the Base Indenture shall
constitute, and are hereby expressly made, a part of this Supplemental Indenture and the Company and the Trustee, by their execution and delivery of this Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby.
However, in the event of any inconsistency between the Base Indenture and this Supplemental Indenture, this Supplemental Indenture shall govern. Unless the context otherwise requires, the following terms shall have the following meanings: 

SECTION 101. Definitions. 

For all purposes of this Supplemental Indenture, except as otherwise expressly provided or unless the context otherwise requires: 

(a) the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the
singular; 
 (b) all other terms used herein which are defined in the Trust Indenture Act, either directly or by reference
therein, have the meanings assigned to them therein, and the terms “cash transaction” and “self-liquidating paper,” as used in TIA Section 311, shall have the meanings assigned to them in the rules of the Commission adopted
under the Trust Indenture Act; 
 (c) all accounting terms not otherwise defined herein have the meanings assigned to them in
accordance with GAAP (as herein defined); 
 (d) the words “herein,” “hereof” and “hereunder”
and other words of similar import refer to this Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision; 

(e) “or” is not exclusive; 

(f) “including” means including without limitation; 

  
 -2- 

 (g) unsecured Indebtedness shall not be deemed to be subordinate or junior to
secured Indebtedness merely by virtue of its nature as unsecured Indebtedness; 
 (h) secured Indebtedness shall not be
deemed to be subordinate or junior to any other secured Indebtedness merely because it has a junior priority with respect to the same collateral; and 

(i) Indebtedness that is not guaranteed shall not be deemed to be subordinate or junior to Indebtedness that is guaranteed
merely because of such guarantee. 
 “Acquired Indebtedness” means, with respect to any specified Person, 

(1) Indebtedness of any other Person existing at the time such other Person is amalgamated or merged with or into or became a
Restricted Subsidiary of such specified Person, including, without limitation, Indebtedness incurred in connection with, or in contemplation of, such other Person merging with or into or becoming a Restricted Subsidiary of such specified Person, and

 (2) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person. 

“Act,” when used with respect to any Holder, has the meaning specified in Section 1303 of this Supplemental Indenture. 

“Additional Notes” has the meaning set forth in Section 313 of this Supplemental Indenture. 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or
indirect common control with such specified Person. For purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control with”),
as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or
otherwise. 
 “Affiliate Transaction” has the meaning specified in Section 1013 of this Supplemental Indenture. 

“Agent” means any Note Registrar, co-registrar, Paying Agent or additional paying agent. 

“Aircraft Finance Subsidiary” means any special purpose Subsidiary that facilitates the acquisition, ownership, leasing or financing
of aircraft or any parts relating to aircraft, including any securitization financing in connection therewith. 
 “Applicable
Procedures” means, with respect to any transfer or exchange of or for beneficial interests in any Global Note, the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange. 

“Asset Sale” means: 

(1) the sale, conveyance, transfer or other disposition, whether in a single transaction or a series of related transactions,
of property or assets (including by way of a sale and leaseback) of the Company or any Restricted Subsidiary (each referred to in this definition as a “disposition”), or 

  
 -3- 

 (2) the issuance or sale of Equity Interests of any Restricted Subsidiary,
whether in a single transaction or a series of related transactions (other than preferred stock of Restricted Subsidiaries issued in compliance with Section 1011), 

in each case, other than: 
 (a)
(i) a disposition of Cash Equivalents or dispositions of any surplus, obsolete, damaged or worn out assets or (ii) any disposition of inventory or goods held for sale in the ordinary course of business; 

(b) the disposition of all or substantially all of the assets of the Company in a manner permitted pursuant to Article Eight or
any disposition that constitutes a Change of Control pursuant to this Supplemental Indenture; 
 (c) the making of any
Restricted Payment or Permitted Investment that is permitted to be made, and is made, under Section 1010; 
 (d) any
disposition of assets or issuance or sale of Equity Interests of any Restricted Subsidiary in any transaction or series of transactions with an aggregate Fair Market Value of less than $10.0 million; 

(e) any disposition of property or assets or issuance of securities by a Restricted Subsidiary to the Company or by the Company
or a Restricted Subsidiary to a Restricted Subsidiary; 
 (f) to the extent allowable under Section 1031 of the Internal
Revenue Code of 1986, as amended, any exchange of like property (excluding any boot thereon) for use in a Similar Business; 

(g) the lease, assignment, sublease or license of any real or personal property, including any aircraft, and any disposition in
accordance with the terms of such lease, in each case in the ordinary course of business; 
 (h) any sale of Equity Interests
in, or Indebtedness or other securities of, an Unrestricted Subsidiary or joint venture (with the exception of Investments in Unrestricted Subsidiaries acquired pursuant to clause (j) of the definition of Permitted Investments); 

(i) foreclosures on assets; 

(j) (i) sales of accounts receivable, or participations therein, in connection with the Credit Facilities or any Receivables
Facility and (ii) the sale or discount of accounts receivable in connection with the compromise or collection thereof or in bankruptcy or similar proceeding; 

(k) the surrender or waiver of contract rights or the settlement, release or surrender of contract, tort or other claim of any
kind; 
 (l) the creation of a Lien; 

  
 -4- 

 (m) any financing transaction with respect to property built or acquired by the
Company or any Restricted Subsidiary after the Issue Date, including, without limitation, sale leasebacks and asset securitizations permitted by this Supplemental Indenture; 

(n) the lease, assignment, sublease, license or sublicense of any real or personal property that does not materially interfere
with the ordinary conduct of the business of the Company or any of the Restricted Subsidiaries as determined by the Board of Directors or management of the Company; 

(o) the transfers, conveyances or other dispositions of any assets resulting from any condemnation or eminent domain or that
are subject to casualty proceedings; and 
 (p) the issuance of director’s qualifying shares and shares issued to
foreign nationals as required by applicable law. 
 “Asset Sale Offer” has the meaning specified in Section 1017 of this
Supplemental Indenture. 
 “Authenticating Agent” has the meaning specified in Section 612 of this Supplemental Indenture.

 “Bankruptcy Law” means Title 11, United States Bankruptcy Code of 1978, as amended, or any similar United States federal or
state law for the relief of debtors. 
 “Board of Directors” means, with respect to a Person, the board of directors of such
Person or any duly authorized committee thereof. 
 “Board Resolution” means, with respect to any Person, a copy of a resolution
certified by the Secretary or an Assistant Secretary of such Person to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and, if required by this Supplemental Indenture, delivered
to the Trustee. 
 “Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking
institutions in The City of New York or the city in which the Trustee’s principal office is located are authorized or obligated by law, regulation or executive order to close. 

“Capital Stock” means: 

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

(2) in the case of an association or business entity, any and all shares, interests, participations, rights or other
equivalents (however designated) of corporate stock, 
 (3) in the case of a partnership or limited liability company,
partnership, membership interests (whether general or limited) or shares in the capital of a company, and 
 (4) any other
interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person. 

“Capitalized Lease Obligation” means, at the time any determination thereof is to be made, the amount of the liability in respect of
a capital lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) in accordance with GAAP. 

  
 -5- 

 “Cash Equivalents” means: 

(1) United States dollars, 

(2) pounds sterling, 

(3) (a) euro, or any national currency of any participating member state in the European Union, (b) Canadian dollars, or
(c) in the case of any Foreign Subsidiary that is a Restricted Subsidiary, such local currencies held by them from time to time in the ordinary course of business, 

(4) securities issued or directly and fully and unconditionally guaranteed or insured by the United States or Canadian
government or any agency or instrumentality thereof the securities of which are unconditionally guaranteed as a full faith and credit obligation of such government with maturities of 24 months or less from the date of acquisition, 

(5) certificates of deposit, time deposits and eurodollar time deposits with maturities of one year or less from the date of
acquisition, bankers’ acceptances with maturities not exceeding one year and overnight bank deposits, in each case with any commercial bank having capital and surplus in excess of $500.0 million, 

(6) repurchase obligations for underlying securities of the types described in clauses (4) and (5) above, entered
into with any financial institution meeting the qualifications specified in clause (5) above, 
 (7) commercial paper
rated at least P-2 by Moody’s or at least A-2 by S&P and in each case maturing within 12 months after the date of creation thereof, 

(8) investment funds investing 95% of their assets in securities of the types described in clauses (1) through
(7) above, 
 (9) readily marketable direct obligations issued by any state of the United States of America or any
political subdivision thereof or any Province of Canada having one of the two highest rating categories obtainable from either Moody’s or S&P with maturities of 24 months or less from the date of acquisition, and 

(10) Indebtedness or preferred stock issued by Persons with a rating of “A” or higher from S&P or “A2”
or higher from Moody’s with maturities of 12 months or less from the date of acquisition. 
 Notwithstanding the foregoing, Cash
Equivalents shall include amounts denominated in currencies other than those set forth in clauses (1) through (3) above; provided that such amounts are converted into any currency listed in clauses (1) through (3) above,
as promptly as practicable and in any event within ten Business Days following the receipt of such amounts. 

  
 -6- 

 “Change of Control” means: 

(1) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other
than one or more Permitted Holders, is or becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of Voting Stock representing 50% or more of the voting power of the total outstanding Voting
Stock of the Company; 
 (2) during any period of two consecutive years, individuals who at the beginning of such period
constituted the Board of Directors of the Company, as the case may be (together with any new directors whose election to such Board of Directors or whose nomination for election by the shareholders of the Company was approved by a vote of the
majority of the directors of the Company then still in office who were either directors at the beginning of such period or whose election or nomination for election was previously so approved (who cannot include persons not elected by or recommended
for election by the then incumbent Board of Directors unless such Board of Directors determines reasonably and in good faith that failure to approve any such persons as members of the Board of Directors could reasonably be expected to violate a
fiduciary duty under applicable law)), cease for any reason to constitute a majority of the Board of Directors of the Company; 

(3) (a) all or substantially all of the assets of the Company and the Restricted Subsidiaries, taken as a whole, are sold or
otherwise transferred to any Person other than a Wholly-Owned Restricted Subsidiary or one or more Permitted Holders or (b) the Company amalgamates, consolidates or merges with or into another Person or any Person consolidates, amalgamates or
merges with or into the Company, in either case under this clause (3), in one transaction or a series of related transactions in which immediately after the consummation thereof Persons beneficially owning (as defined in Rules 13d-3 and 13d-5 under
the Exchange Act) Voting Stock representing in the aggregate a majority of the total voting power of the Voting Stock of the Company, immediately prior to such consummation do not beneficially own (as defined in Rules 13d-3 and 13d-5 under the
Exchange Act) Voting Stock representing a majority of the total voting power of the Voting Stock of the Company, or the applicable surviving or transferee Person; provided that this clause shall not apply (i) in the case where
immediately after the consummation of the transactions Permitted Holders beneficially own Voting Stock representing in the aggregate a majority of the total voting power of the Company, or the applicable surviving or transferee Person or
(ii) to an amalgamation or a merger of the Company with or into (x) a corporation, limited liability company or partnership or (y) a wholly-owned subsidiary of a corporation, limited liability company or partnership that, in either
case, immediately following the transaction or series of transactions, has no Person or group (other than Permitted Holders), which beneficially owns Voting Stock representing 50% or more of the voting power of the total outstanding Voting Stock of
such entity and, in the case of clause (y), the parent of such wholly-owned subsidiary guarantees the Company’s obligations under the Notes and this Supplemental Indenture; or 

(4) the Company shall adopt a plan of liquidation or dissolution or any such plan shall be approved by the shareholders of the
Company. 
 For purposes of this definition, if the Company becomes a direct or indirect Subsidiary of a holding company, such holding
company shall not itself be considered a Person or group for purposes of clauses (1) and (3) above; provided that (a) such holding company beneficially owns, directly or indirectly, 100% of the Capital Stock of the Company and
(b) upon completion of such transaction, no Person or group beneficially owns 50% or greater of the voting power of the total outstanding voting stock of such holding company. 

  
 -7- 

 “Change of Control Offer” has the meaning specified in Section 1016 of this
Supplemental Indenture. 
 “Change of Control Payment” has the meaning specified in Section 1016 of this Supplemental
Indenture. 
 “Change of Control Payment Date” has the meaning specified in Section 1016 of this Supplemental Indenture. 

“Change of Control Triggering Event” means (1) if the notes have an Investment Grade Rating from at least two Rating Agencies
at the time of the applicable Change of Control, the occurrence of both (i) a Change of Control and (ii) a Rating Decline, and (2) if the notes do not have an Investment Grade Rating at the time of the applicable Change of Control
from at least two Rating Agencies, the occurrence of a Change of Control. 
 “Clearstream” means Clearstream Banking,
Société Anonyme, and its successors. 
 “Commission” means the Securities and Exchange Commission, as from time to
time constituted, created under the Exchange Act, or, if at any time after the execution of this Supplemental Indenture such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body
performing such duties at such time. 
 “Common Stock” means, with respect to any Person, any and all shares, interests,
participations and other equivalents (however designated, whether voting or non-voting) of such Person’s common stock, whether now outstanding or issued after the date of this Supplemental Indenture, and includes, without limitation, all series
and classes of such common stock. 
 “Company” means the Person named as the “Company” in the first paragraph of this
Supplemental Indenture, until a successor Person shall have become such pursuant to the applicable provisions of this Supplemental Indenture, and thereafter “Company” shall mean such successor Person. 

“Company Request” or “Company Order” means a written request or order signed in the name of the Company by its Chairman,
its President, any Vice President or its Treasurer, and delivered to the Trustee. 
 “consolidated” or “Consolidated”
means, with respect to any Person, such Person consolidated with its Restricted Subsidiaries, and shall not include any Unrestricted Subsidiary. 

“Consolidated Depreciation and Amortization Expense” means with respect to any Person for any period, the total amount of
depreciation and amortization expense, including any amortization of deferred financing fees, amortization in relation to terminated Hedging Obligations and amortization of net lease discounts and lease incentives, of such Person and its Restricted
Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP. 
 “Consolidated Interest
Expense” means, with respect to any Person for any period, the sum, without duplication, of: 
 (a) consolidated
interest expense of such Person and its Restricted Subsidiaries for such period, to the extent such expense was deducted in computing Consolidated Net Income (including amortization of original issue discount resulting from the issuance of
Indebtedness at less than par, non-cash interest payments (but excluding any non-cash interest expense attributable to 

  
 -8- 

 
the movement in the mark to market valuation of or hedge ineffectiveness expenses of Hedging Obligations or other derivative instruments pursuant to Financial Accounting Standards Board Statement
No. 133 — “Accounting for Derivative Instruments and Hedging Activities” and excluding non-cash interest expense attributable to the amortization of gains or losses resulting from the termination prior to the Issue Date of
Hedging Obligations), the interest component of Capitalized Lease Obligations and net payments, if any, pursuant to interest rate Hedging Obligations, and excluding amortization of deferred financing fees and any expensing of other financing fees),
and 
 (b) consolidated capitalized interest of such Person and its Restricted Subsidiaries for such period, whether paid or
accrued, less 
 (c) interest income for such period. 

“Consolidated Net Income” means, with respect to any Person for any period, the aggregate of the Net Income, of such Person and its
Restricted Subsidiaries for such period, on a consolidated basis, and otherwise determined in accordance with GAAP; provided, however, that: 

(1) any net after-tax extraordinary, non-recurring or unusual gains or losses (less all fees and expenses relating thereto) or
expenses (including, without limitation, relating to severance, relocation and new product introductions) shall be excluded, 

(2) the Net Income for such period shall not include the cumulative effect of a change in accounting principles during such
period, 
 (3) any net after-tax income (loss) from disposed or discontinued operations and any net after-tax gains or losses
on disposal of disposed or discontinued operations shall be excluded, 
 (4) any net after-tax gains or losses (less all fees
and expenses relating thereto) attributable to asset dispositions other than in the ordinary course of business, as determined in good faith by the Board of Directors or management of the Company, shall be excluded, 

(5) the Net Income for such period of any Person that is not a Subsidiary, or is an Unrestricted Subsidiary, or that is
accounted for by the equity method of accounting, shall be excluded; provided that Consolidated Net Income of the Company shall be increased by the amount of dividends or distributions or other payments that are actually paid in cash (or to
the extent converted into cash) to the referent Person or a Restricted Subsidiary thereof in respect of such period, 
 (6)
solely for the purpose of determining the amount available for Restricted Payments under Section 1010(a)(4)(C), the Net Income for such period of any Restricted Subsidiary shall be excluded to the extent that the declaration or payment of
dividends or similar distributions by that Restricted Subsidiary of its Net Income is not at the date of determination wholly permitted without any prior governmental approval (which has not been obtained other than pursuant to customary filings)
or, directly or indirectly, by the operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule, or governmental regulation applicable to such Restricted Subsidiary or its shareholders, unless such
restriction with respect to the payment of dividends or in similar distributions has been legally waived, provided that Consolidated Net Income of the Company shall be increased by the amount of dividends or other distributions or other
payments actually paid in cash (or to the extent converted into cash) to the Company or a Restricted Subsidiary thereof in respect of such period, to the extent not already included therein, 

  
 -9- 

 (7) the effects of adjustments resulting from the application of purchase
accounting in relation to any acquisition that is consummated after April 4, 2012, net of taxes, shall be excluded, 

(8) any net after-tax income (loss) from the early extinguishment of Indebtedness or Hedging Obligations or other derivative
instruments shall be excluded, 
 (9) any impairment charge or asset write-off pursuant to Financial Accounting Standards
Board Statement No. 142 and No. 144 and the amortization of intangibles arising pursuant to No. 141 shall be excluded, 

(10) any non-cash compensation expense recorded from grants of stock appreciation or similar rights, stock options or other
rights to officers, directors or employees shall be excluded, and 
 (11) unrealized gains or losses relating to Hedging
Obligations and mark-to-market of Indebtedness denominated in foreign currencies shall be excluded. 
 Notwithstanding the foregoing, for
the purpose of Section 1010 only (other than clause (a)(C)(4) thereof), there shall be excluded from Consolidated Net Income any income arising from any sale or other disposition of Restricted Investments made by the Company and the Restricted
Subsidiaries, any repurchases and redemptions of Restricted Investments from the Company and the Restricted Subsidiaries, any repayments of loans and advances which constitute Restricted Investments by the Company or any Restricted Subsidiary, any
sale of the stock of an Unrestricted Subsidiary or any distribution or dividend from an Unrestricted Subsidiary, in each case only to the extent such amounts increase the amount of Restricted Payments permitted under such covenant pursuant to clause
(a)(C)(4) thereof. 
 “Consolidated Tangible Assets” at any date means the total assets of the Company and its Subsidiaries
reported on the most recently prepared consolidated balance sheet of the Company filed with the SEC or delivered to the Trustee as of the end of a fiscal quarter, less all assets shown on such consolidated balance sheet that are classified and
accounted for as intangible assets of the Company or any of its Subsidiaries or that otherwise would be considered intangible assets under generally accepted accounting principles, including, without limitation, franchises, patents and patent
applications, trademarks, brand names, unamortized debt discount and goodwill. 
 “Contingent Obligations” means, with respect to
any Person, any obligation of such Person guaranteeing any leases, dividends or other obligations that do not constitute Indebtedness (“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether
directly or indirectly, including, without limitation, any obligation of such Person, whether or not contingent, 
 (1) to
purchase any such primary obligation or any property constituting direct or indirect security therefor, 
 (2) to advance or
supply funds: 
 (A) for the purchase or payment of any such primary obligation, or 

  
 -10- 

 (B) to maintain working capital or equity capital of the primary obligor or
otherwise to maintain the net worth or solvency of the primary obligor, or 
 (3) to purchase property, securities or
services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation against loss in respect thereof. 

“Corporate Trust Office” means the principal corporate trust office of the Trustee, at which at any particular time its corporate
trust business shall be administered, which office at the date of execution of this Supplemental Indenture is located at Wells Fargo Bank, National Association, 150 East 42nd Street, 40th Floor, New York, NY 10017, except that with respect to presentation of the Notes for payment or for registration of transfer or exchange, such term shall mean the office or agency of the Trustee at
which, at any particular time, its corporate agency business shall be conducted. 
 “corporation” includes corporations,
associations, companies and business trusts. 
 “Covenant Defeasance” has the meaning specified in Section 1203 of this
Supplemental Indenture. 
 “Credit Facilities” means, with respect to the Company, one or more debt facilities or commercial paper
facilities with banks or other institutional lenders or investors or indentures providing for revolving credit loans, term loans, receivables financing, including through the sale of receivables to such lenders or to special purpose entities formed
to borrow from such lenders against receivables, letters of credit or other long-term indebtedness, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements,
modifications, extensions, renewals, restatements or refundings thereof and any indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund or refinance any part of the
loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof. 

“Custodian” means the Trustee, as custodian for DTC with respect to the Notes in global form, or any successor entity thereto. 

“Default” means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default. 

“Defaulted Interest” has the meaning specified in Section 307 of this Supplemental Indenture. 

“Definitive Note” means a certificated Note registered in the name of the Holder thereof and issued in accordance with
Section 311 hereof, substantially in the form of Exhibit A hereto, except that such Note shall not bear the Global Note Legend and shall not have the “Schedule of Exchanges of Interests in the Global Note” attached thereto. 

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

“Designated Non-cash Consideration” means the Fair Market Value of non-cash consideration received by the Company or a Restricted
Subsidiary in connection with an Asset Sale that is so designated as Designated Non-cash Consideration pursuant to an Officers’ Certificate, setting forth the 

  
 -11- 

 
general basis of such valuation, executed by a senior vice president or the principal financial officer of the Company, less the amount of cash or Cash Equivalents received in connection with a
subsequent sale of such Designated Non-cash Consideration. 
 “Designated Preferred Stock” means preferred shares of the Company
(in each case other than Disqualified Stock) that is issued for cash (other than to a Restricted Subsidiary) and is so designated as Designated Preferred Stock, pursuant to an Officers’ Certificate executed by a senior vice president or the
principal financial officer of the Company on the issuance date thereof, the cash proceeds of which are excluded from the calculation set forth in clause (a)(4)(C) of Section 1010. 

“Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person which, by its terms, or by the terms of any
security into which it is convertible or for which it is putable or exchangeable, or upon the happening of any event, matures or is mandatorily redeemable, other than as a result of a change of control or asset sale, pursuant to a sinking fund
obligation or otherwise, or is redeemable at the option of the holder thereof, other than as a result of a change of control or asset sale, in whole or in part, in each case prior to the date 91 days after the earlier of the maturity date of the
Notes or the date the Notes are no longer outstanding; provided, however, that if such Capital Stock is issued to any plan for the benefit of employees of the Company or its Subsidiaries or by any such plan to such employees, such
Capital Stock shall not constitute Disqualified Stock solely because it may be required to be repurchased by the Company or its Subsidiaries in order to satisfy applicable statutory or regulatory obligations. 

“Domestic Subsidiary” means, with respect to any Person, any Restricted Subsidiary of such Person other than a Foreign Subsidiary.

 “EBITDA” means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period
plus (without duplication): 
 (a) provision for taxes based on income or profits, plus franchise or similar taxes, of
such Person for such period deducted in computing Consolidated Net Income, plus 
 (b) Consolidated Interest Expense
(and other components of Fixed Charges to the extent changes in GAAP after the Issue Date result in such components reducing Consolidated Net Income) of such Person for such period to the extent the same was deducted in calculating such Consolidated
Net Income, plus 
 (c) Consolidated Depreciation and Amortization Expense of such Person for such period to the
extent such depreciation and amortization were deducted in computing Consolidated Net Income, plus 
 (d) any expenses
or charges related to any Equity Offering, Permitted Investment, acquisition, disposition, recapitalization or Indebtedness permitted to be incurred by this Supplemental Indenture (whether or not successful), including such fees, expenses or charges
related to the offering of the Notes and the Credit Facilities, and deducted in computing Consolidated Net Income, plus 

(e) the amount of any restructuring charge deducted in such period in computing Consolidated Net Income, including any one time
costs incurred in connection with acquisitions after the Issue Date, plus 

  
 -12- 

 (f) any other non-cash charges reducing Consolidated Net Income for such period,
excluding any such charge that represents an accrual or reserve for a cash expenditure for a future period, plus 

(g) the amount of any non-controlling interest expense deducted in calculating Consolidated Net Income (less the amount of any
cash dividends paid to the holders of such minority interests), plus 
 (h) any net loss (or minus any gain) resulting
from currency exchange risk Hedging Obligations, plus 
 (i) foreign exchange loss (or minus any gain) on debt,
plus 
 (j) expenses related to the implementation of an enterprise resource planning system, less 

(k) non-cash items increasing Consolidated Net Income of such Person for such period, excluding any items which represent the
reversal of any accrual of, or cash reserve for, anticipated cash charges in any prior period. 
 “EMU” means economic and
monetary union as contemplated in the Treaty on European Union. 
 “Equity Interests” means Capital Stock and all warrants,
options or other rights to acquire Capital Stock, but excluding any debt security that is convertible into, or exchangeable for, Capital Stock. 

“Equity Offering” means any public or private sale of Common Stock or preferred shares of the Company (excluding Disqualified
Stock), other than 
 (1) public offerings with respect to the Company’s Common Stock registered on Form S-8; 

(2) any such public or private sale that constitutes an Excluded Contribution; and 

(3) any sales to the Company or any of its Subsidiaries. 

“euro” means the single currency of participating member states of the EMU. 

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

“Event of Default” has the meaning specified in Section 501 of this Supplemental Indenture. 

“Excess Proceeds” has the meaning specified in Section 1017 of this Supplemental Indenture. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated
thereunder. 

  
 -13- 

 “Excluded Contribution” means net cash proceeds, marketable securities or Qualified
Proceeds received by the Company from: 
 (a) contributions to its common equity capital, and 

(b) the sale (other than to a Subsidiary of the Company or to any management equity plan or stock option plan or any other
management or employee benefit plan or agreement of the Company) of Capital Stock (other than Disqualified Stock and Designated Preferred Stock) of the Company, 

in each case designated as Excluded Contributions pursuant to an Officers’ Certificate executed by a senior vice president or the principal financial
officer of the Company on or prior to the date such capital contributions are made or the date such Equity Interests are sold, as the case may be, which are excluded from the calculation set forth in Section 1010(a)(4)(C). 

“Excluded Restricted Subsidiary” means any Restricted Subsidiary that has total assets having a Fair Market Value in an amount not
to exceed $100,000 on an individual basis and $1,000,000 in the aggregate for all such Restricted Subsidiaries that are Excluded Restricted Subsidiaries. 

“Existing Indebtedness” means Indebtedness of the Company or the Restricted Subsidiaries in existence on the Issue Date, plus
interest accruing thereon. 
 “Existing Notes” means the Company’s 6.75% senior notes due 2017, 4.625% senior notes due 2018,
6.25% senior notes due 2019, 7.625% senior notes due 2020 and 5.125% senior notes due 2021. 
 “Fair Market Value” means the value
that would be paid by a willing buyer to an unaffiliated willing seller in a transaction not involving distress or necessity of either party, determined in good faith by the chief executive officer, chief financial officer, chief accounting officer
or controller of the Company or the Restricted Subsidiary, which determination will be conclusive (unless otherwise provided in this Supplemental Indenture). 

“Fitch” means Fitch, Inc. 

“Fixed Charge Coverage Ratio” means, with respect to any Person for any period, the ratio of EBITDA of such Person for such period
to the Fixed Charges of such Person for such period. In the event that the Company or any Restricted Subsidiary incurs, assumes, guarantees, redeems, retires or extinguishes any Indebtedness (other than reductions in amounts outstanding under
revolving facilities unless accompanied by a corresponding termination of commitment) or issues or redeems Disqualified Stock or preferred stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being
calculated but prior to the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect to such incurrence,
assumption, guarantee or redemption, retirement or extinguishment of Indebtedness, or such issuance or redemption of Disqualified Stock or preferred stock, as if the same had occurred at the beginning of the applicable four-quarter period. 

For purposes of making the computation referred to above, Investments, acquisitions, dispositions, amalgamations, mergers, consolidations and
disposed operations (as determined in accordance with GAAP) that have been made by the Company or any Restricted Subsidiary during the four-quarter reference period or subsequent to such reference period and on or prior to or simultaneously with the
Calculation Date shall be calculated on a pro forma basis assuming that all such Investments, acquisitions, 

  
 -14- 

 
dispositions, amalgamations, mergers, consolidations and disposed operations (and the change in any associated fixed charge obligations and the change in EBITDA resulting therefrom) had occurred
on the first day of the four-quarter reference period. If since the beginning of such period any Person (that subsequently became a Restricted Subsidiary or was amalgamated or merged with or into the Company or any Restricted Subsidiary since the
beginning of such period) shall have made any Investment, acquisition, disposition, amalgamation, merger, consolidation or disposed operation that would have required adjustment pursuant to this definition, then the Fixed Charge Coverage Ratio shall
be calculated giving pro forma effect thereto for such period as if such Investment, acquisition, disposition, amalgamation, merger, consolidation or disposed operation had occurred at the beginning of the applicable four-quarter period. 

For purposes of this definition, whenever pro forma effect is to be given to a transaction, the pro forma calculations shall be
made in good faith by a responsible financial or accounting officer of the Company (including pro forma expense and cost reductions, regardless of whether these cost savings could then be reflected in pro forma financial statements in
accordance with Regulation S-X promulgated under the Securities Act or any other regulation or policy of the Commission related thereto). If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest
on such Indebtedness shall be calculated as if the rate in effect on the Calculation Date had been the applicable rate for the entire period (taking into account any Hedging Obligations applicable to such Indebtedness). Interest on a Capitalized
Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by a responsible financial or accounting officer of the Company to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP.
For purposes of making the computation referred to above, interest on any Indebtedness under a revolving credit facility computed on a pro forma basis shall be computed based upon the average daily balance of such Indebtedness during the
applicable period. Interest on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar rate, a eurocurrency interbank offered rate, or other rate, shall be deemed to have been based upon the rate
actually chosen, or, if none, then based upon such optional rate chosen as the Company may designate. 
 “Fixed Charges” means,
with respect to any Person for any period, the sum of 
 (a) Consolidated Interest Expense, 

(b) all cash dividend payments (excluding items eliminated in consolidation) on any series of preferred stock (including any
Designated Preferred Stock) or any Refunding Capital Stock of such Person, and 
 (c) all cash dividend payments (excluding
items eliminated in consolidation) on any series of Disqualified Stock. 
 “Foreign Subsidiary” means, with respect to any Person,
any Restricted Subsidiary of such Person that is (i) a controlled foreign corporation within the meaning of Section 957 of the Internal Revenue Code of 1986, as amended (a “CFC”) or (ii) organized in or under the laws of the
United States, any state thereof or the District of Columbia and all of the material assets of such Restricted Subsidiary consist of stock in one or more CFCs. 

“GAAP” means generally accepted accounting principles in the United States which are in effect on April 4, 2012. At any time
after the Issue Date, the Company may elect to apply International Financial Reporting Standards (“IFRS”) accounting principles in lieu of GAAP for purposes of calculations hereunder and, upon any such election, references herein to GAAP
shall thereafter be construed to mean IFRS (except as otherwise provided in this Supplemental Indenture); provided that any calculation 

  
 -15- 

 
or determination in this Supplemental Indenture that requires the application of GAAP for periods that include fiscal quarters ended prior to the Company’s election to apply IFRS shall
remain as previously calculated or determined in accordance with GAAP. The Company shall give notice of any such election made in accordance with this definition to the Trustee and the Holders of Notes. 

“Global Note Legend” means the restrictive legend set forth in Section 203. 

“Global Notes” means individually and collectively, each of the Global Notes deposited with or on behalf of and registered in the
name of the Depositary or its nominee, substantially in the form of Exhibit A hereto that bears the Global Note Legend and that has the “Schedule of Exchanges of Interests in the Global Note” attached thereto, issued in accordance with
Section 201 hereof. 
 “Government Securities” means securities that are: 

(a) direct obligations of the United States of America for the timely payment of which its full faith and credit is pledged, or

 (b) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of
America the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, 
 which, in either
case, are not callable or redeemable at the option of the issuers thereof, and shall also include a depository receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such Government
Securities or a specific payment of principal of or interest on any such Government Securities held by such custodian for the account of the holder of such depository receipt; provided that (except as required by law) such custodian is not
authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the Government Securities or the specific payment of principal of or interest on the Government
Securities evidenced by such depository receipt. 
 “guarantee” means a guarantee (other than by endorsement of negotiable
instruments for collection in the ordinary course of business), direct or indirect, in any manner (including, without limitation, letters of credit and reimbursement agreements in respect thereof), of all or any part of any Indebtedness or other
obligations. 
 “Guarantor” means any Person that executes a Note Guarantee in accordance with the provisions of this Supplemental
Indenture and its respective successors and assigns. 
 “Hedging Obligations” means, with respect to any Person, the obligations
of such Person under: 
 (1) currency exchange, interest rate or commodity swap agreements, currency exchange, interest rate
or commodity cap agreements and currency exchange, interest rate or commodity collar agreements and 
 (2) other agreements
or arrangements designed to protect such Person against fluctuations in currency exchange, interest rates or commodity prices. 

“Holder” means a holder of Notes. 

“incur” has the meaning specified in Section 1011 of this Supplemental Indenture. 

  
 -16- 

 “incurrence” has the meaning specified in Section 1011 of this Supplemental
Indenture. 
 “Indebtedness” means, with respect to any Person, 

(a) any indebtedness (including principal and premium) of such Person, whether or not contingent: 

(1) in respect of borrowed money; 

(2) evidenced by bonds, notes, debentures or similar instruments or letters of credit or bankers’ acceptances (or, without
double counting, reimbursement agreements in respect thereof); 
 (3) representing the balance deferred and unpaid of the
purchase price of any property (including Capitalized Lease Obligations), except (i) any such balance that constitutes a trade payable or similar obligation to a trade creditor, in each case accrued in the ordinary course of business and
(ii) any earn-out obligations until such obligation becomes a liability on the balance sheet of such Person in accordance with GAAP; or 

(4) representing any Hedging Obligations, 

if and to the extent that any of the foregoing Indebtedness (other than letters of credit and Hedging Obligations) would appear as a liability
upon a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP; 
 (b) to the extent
not otherwise included, any obligation by such Person to be liable for, or to pay, as obligor, guarantor or otherwise, on the Indebtedness of another Person, other than by endorsement of negotiable instruments for collection in the ordinary course
of business; and 
 (c) to the extent not otherwise included, Indebtedness of another Person secured by a Lien on any asset
owned by such Person, whether or not such Indebtedness is assumed by such Person; 
 provided, however, that Contingent Obligations shall be
deemed not to constitute Indebtedness; and obligations under or in respect of Receivables Facilities shall not be deemed to constitute Indebtedness. 

“Indenture” means the Base Indenture as supplemented and modified by this Supplemental Indenture, as originally executed and as
either may from time to time be supplemented or amended by one or more indentures supplemental hereto or thereto entered into pursuant to the applicable provisions hereof or thereof, including, for all purposes, the provisions of the Trust Indenture
Act that are deemed to be part hereof and thereof. 
 “Independent Financial Advisor” means an accounting, appraisal, investment
banking firm or consultant to Persons engaged in Similar Businesses of nationally recognized standing that is, in the good faith judgment of the Company, qualified to perform the task for which it has been engaged. 

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

“Initial Lien” has the meaning specified in Section 1012 of this Supplemental Indenture. 

  
 -17- 

 “Initial Notes” has the meaning stated in the third recital of this Supplemental
Indenture. 
 “Insolvency or Liquidation Proceeding” means: 

(a) any voluntary or involuntary case or proceeding under the Bankruptcy Law with respect to the Company; 

(b) any other voluntary or involuntary insolvency, reorganization or bankruptcy case or proceeding, or any receivership,
liquidation, reorganization or other similar case or proceeding with respect to the Company or with respect to a material portion of its assets; 

(c) any composition of liabilities or similar arrangement relating to the Company, whether or not under a court’s
jurisdiction or supervision; 
 (d) any liquidation, dissolution, reorganization or winding up of the Company, whether
voluntary or involuntary, whether or not under a court’s jurisdiction or supervision, and whether or not involving insolvency or bankruptcy; or 

(e) any general assignment for the benefit of creditors or any other marshalling of assets and liabilities of the Company. 

“Interest Payment Date” means the Stated Maturity of an installment of interest on the Notes. 

“Investment Grade Rating” means a rating equal to or higher than (i) Baa3 (or the equivalent) by Moody’s, (ii) BBB-
(or the equivalent) by S&P and (iii) BBB- (or the equivalent) by Fitch, or an equivalent rating by any other Rating Agency substituted for Moody’s, S&P or Fitch. 

“Investments” means, with respect to any Person, all investments by such Person in other Persons (including Affiliates) in the form
of loans (including guarantees), advances or capital contributions (excluding accounts receivable, trade credit, advances to customers, commission, travel, moving and similar advances to officers, directors and employees, in each case made in the
ordinary course of business), purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other securities issued by any other Person and investments that are required by GAAP to be classified on the balance sheet
(excluding the footnotes) of the Company in the same manner as the other investments included in this definition to the extent such transactions involve the transfer of cash or other property. For purposes of the definition of “Unrestricted
Subsidiary” and Section 1010, 
 (1) “Investments” shall include the portion (proportionate to the
Company’s equity interest in such Subsidiary) of the Fair Market Value of the net assets of a Subsidiary of the Company at the time that such Subsidiary is designated an Unrestricted Subsidiary; provided, however, that upon a
redesignation of such Subsidiary as a Restricted Subsidiary, the Company shall be deemed to continue to have a permanent “Investment” in an Unrestricted Subsidiary in an amount (if positive) equal to: 

(x) the Company’s “Investment” in such Subsidiary at the time of such redesignation less 

(y) the portion (proportionate to the Company’s equity interest in such Subsidiary) of the Fair Market Value of the net
assets of such Subsidiary at the time of such redesignation; and 

  
 -18- 

 (2) any property transferred to or from an Unrestricted Subsidiary shall be
valued at its Fair Market Value at the time of such transfer, in each case as determined in good faith by the Board or Directors or senior management of the Company. 

“Issue Date” means January 15, 2015. 

“Legal Defeasance” has the meaning specified in Section 1202 of this Supplemental Indenture. 

“Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect
of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security
interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction; provided that in no event shall an operating lease be deemed to constitute a Lien. 

“Management Group” means at any time, the Chairman of the Board, any President, any Executive Vice President or Vice President, any
Managing Director, any Treasurer and any Secretary or other executive officer of the Company or any Subsidiary of the Company at such time. 

“Maturity,” when used with respect to any Note, means the date on which the principal of such Note or an installment of principal
becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, notice of redemption or otherwise. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Net Income” means, with respect to any Person, the net income (loss) of such Person, determined in accordance with GAAP and before
any reduction in respect of preferred stock dividends. 
 “Net Payment” means the amount the Company, any Guarantor or their
paying agent pays a Holder after deducting or withholding by the applicable withholding agent of an amount for or on account of any present or future tax, assessment or other governmental charge imposed with respect to that payment by a taxing
authority (including any withholding or deduction attributable to additional amounts payable hereunder). 
 “Net Proceeds” means
the aggregate cash proceeds received by the Company or any Restricted Subsidiary in respect of any Asset Sale, including, without limitation, any cash received upon the sale or other disposition of any Designated Non-cash Consideration received in
any Asset Sale, net of the direct costs relating to such Asset Sale and the sale or disposition of such Designated Non-cash Consideration, including, without limitation, legal, accounting and investment banking fees, and brokerage and sales
commissions, any relocation expenses incurred as a result thereof, taxes paid or payable as a result thereof (after taking into account any available tax credits or deductions and any tax sharing arrangements), amounts required to be applied to the
repayment of principal, premium, if any, and interest on Indebtedness secured by a Lien permitted under this Supplemental Indenture required (other than required by clause (1) of the second paragraph of Section 1017(a)) to be paid as a
result of such transaction and any deduction of appropriate amounts to be provided by the Company as a reserve in accordance with GAAP against any liabilities associated with the asset disposed of in such transaction and retained by the Company
after such sale or other disposition thereof, including, without limitation, pension and other post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations associated with such
transaction. 

  
 -19- 

 “Note Guarantee” has the meaning specified in Section 1020 of this Supplemental
Indenture. 
 “Note Register” and “Note Registrar” have the respective meanings specified in Section 305. 

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

“Obligations” means any principal, interest (including any interest accruing subsequent to the filing of a petition in bankruptcy,
reorganization or similar proceeding at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed claim under applicable state, federal or foreign law), penalties, fees, indemnifications,
reimbursements (including, without limitation, reimbursement obligations with respect to letters of credit and banker’s acceptances), damages and other liabilities, and guarantees of payment of such principal, interest, penalties, fees,
indemnifications, reimbursements, damages and other liabilities, payable under the documentation governing any Indebtedness. 

“Officer” means the Chairman of the Board of Directors, the Chief Executive Officer, the President, any Executive Vice President,
Senior Vice President or Vice President, the Treasurer or the Secretary of the Company. 
 “Officers’ Certificate” means a
certificate signed on behalf of the Company by two Officers of the Company, one of whom must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Company that meets the
requirements set forth in this Supplemental Indenture. 
 “Opinion of Counsel” means, with respect to any Person, a written
opinion reasonably acceptable to the Trustee from legal counsel. The counsel may be counsel for such Person, including an employee of such Person or any Subsidiary of such Person. 

“Outstanding,” when used with respect to Notes, means, as of the date of determination, all Notes theretofore authenticated and
delivered under this Supplemental Indenture, except: 
 (i) Notes theretofore cancelled by the Trustee or delivered to the
Trustee for cancellation; 
 (ii) Notes, or portions thereof, for whose payment or redemption money in the necessary amount
has been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Notes; provided
that, if such Notes are to be redeemed, notice of such redemption has been duly given pursuant to this Supplemental Indenture or provision therefor satisfactory to the Trustee has been made; 

(iii) Notes, except to the extent provided in Sections 1202 and 1203, with respect to which the Company has effected Legal
Defeasance and/or Covenant Defeasance as provided in Article Twelve; and 
 (iv) Notes which have been paid pursuant to
Section 306 or in exchange for or in lieu of which other Notes have been authenticated and delivered pursuant to this Supplemental Indenture, other than any such Notes in respect of which there shall have been presented to the Trustee proof
satisfactory to it that such Notes are held by a bona fide purchaser in whose hands the Notes are valid obligations of the Company; 

  
 -20- 

 provided, however, that in determining whether the Holders of the requisite principal amount of
Outstanding Notes have given any request, demand, authorization, direction, consent, notice or waiver hereunder, and for the purpose of making the calculations required by TIA Section 313, Notes owned by the Company or any other obligor upon
the Notes or any Affiliate of the Company or such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in making such calculation or in relying upon any such request,
demand, authorization, direction, notice, consent or waiver, only Notes which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. 

“Participant” means, with respect to the Depositary, Euroclear or Clearstream, a Person who has an account with the Depositary,
Euroclear or Clearstream, respectively (and, with respect to DTC, shall include Euroclear and Clearstream). 
 “Paying Agent”
means any Person (including the Company) authorized by the Company to pay the principal of (and premium, if any) or interest on any Notes on behalf of the Company. 

“Permitted Asset Swap” means the substantially concurrent purchase and sale or exchange of Related Business Assets or a combination
of Related Business Assets and cash or Cash Equivalents between the Company or any of its Restricted Subsidiaries and another Person; provided that any cash or Cash Equivalents received must be applied in accordance with Section 1017.

 “Permitted Holders” means the collective reference to Marubeni Corporation, its Affiliates and the Management Group. Any Person
or group whose acquisition of beneficial ownership constitutes a Change of Control in respect of which a Change of Control Offer is made in accordance with the requirements of this Supplemental Indenture will thereafter, together with its
Affiliates, constitute an additional Permitted Holder. 
 “Permitted Investments” means: 

(a) any Investment in the Company or any Restricted Subsidiary; 

(b) any Investment in cash and Cash Equivalents; 

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

 (1) such Person becomes a Restricted Subsidiary; or 

(2) such Person, in one transaction or a series of related transactions, is merged, consolidated or amalgamated with or into,
or transfers or conveys substantially all of its assets to, or is liquidated into, the Company or a Restricted Subsidiary; 

(d) any Investment in securities or other assets not constituting cash or Cash Equivalents and received in connection with an
Asset Sale made pursuant to Section 1017, or any other disposition of assets not constituting an Asset Sale; 
 (e) any
Investment existing on the Issue Date; 

  
 -21- 

 (f) advances to employees not in excess of $5.0 million outstanding at any one
time, in the aggregate; 
 (g) any Investment acquired by the Company or any Restricted Subsidiary 

(1) in exchange for any other Investment or accounts receivable held by the Company or any such Restricted Subsidiary in
connection with or as a result of a bankruptcy, workout, reorganization or recapitalization of the Company of such other Investment or accounts receivable; or 

(2) as a result of a foreclosure by the Company or any Restricted Subsidiary with respect to any secured Investment or other
transfer of title with respect to any secured Investment in default; 
 (h) any Investments in Hedging Obligations entered
into in the ordinary course of business; 
 (i) loans to officers, directors and employees for business-related travel
expenses, moving expenses and other similar expenses, in each case incurred in the ordinary course of business; 
 (j) any
Investment having an aggregate Fair Market Value, taken together with all other Investments made pursuant to this clause (j) that are at that time outstanding (without giving effect to the sale of an Unrestricted Subsidiary to the extent the
proceeds of such sale do not consist of cash and/or marketable securities), not to exceed the greater of (x) $185.0 million and (y) 3.0% of Total Assets at the time of such Investment; provided, that the dollar amount of Investments
made pursuant to this clause (j) may be reduced by the Fair Market Value of the proceeds received by the Company and/or its Restricted Subsidiaries from the subsequent sale, disposition or other transfer of such Investments (with the Fair
Market Value of each Investment being measured at the time made and without giving effect to subsequent changes in value and, for the avoidance of doubt, any return of capital with respect to an Investment reduces the Fair Market Value of such
Investment then outstanding for the purpose of this clause (j) by the amount of such return of capital); 
 (k)
Investments the payment for which consists of Equity Interests of the Company (exclusive of Disqualified Stock); provided, however, that such Equity Interests shall not increase the amount available for Restricted Payments under
Section 1010(a)(4)(C); 
 (l) guarantees of Indebtedness permitted under Section 1011; 

(m) any transaction to the extent it constitutes an investment that is permitted and made in accordance with
Section 1013(b); 
 (n) Investments consisting of purchases and acquisitions of inventory, supplies, material or
equipment or the licensing or contribution of intellectual property pursuant to joint marketing or similar arrangements; 

(o) repurchases of Notes; 

(p) any Investments received in compromise or resolution of (A) obligations of trade creditors or customers that were
incurred in the ordinary course of business of the Company or 

  
 -22- 

 
any of its Restricted Subsidiaries, including pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor or customer; or
(B) litigation, arbitration or other disputes with Persons who are not Affiliates; 
 (q) any Investment in a Person
(other than the Company or a Restricted Subsidiary) pursuant to the terms of any agreements in effect on the Issue Date and any Investment that replaces, refinances or refunds an existing Investment; provided that the new Investment is in an
amount that does not exceed the amount replaced, refinanced or refunded (after giving effect to write-downs or write-offs with respect to such Investment), and is made in the same Person as the Investment replaced, refinanced or refunded; 

(r) endorsements for collection or deposit in the ordinary course of business; 

(s) Investments relating to any special purpose wholly-owned subsidiary of the Company organized in connection with a
Receivables Facility that, in the good faith determination of the Board of Directors of the Company, are necessary or advisable to effect such Receivables Facility; 

(t) Investments in a joint venture, when taken together with all other Investments made pursuant to this clause (t) that
are at the time outstanding, not to exceed the greater of (x) $185.0 million and (y) 3.0% of Total Assets (with the Fair Market Value of each Investment being measured at the time made and without giving effect to subsequent changes in
value); and 
 (u) Investments in aviation assets, including debt Investments secured, directly or indirectly, by commercial
jet aircraft or related property and including Investments in entities owning, financing or leasing aviation assets. 
 “Permitted
Jurisdiction” means any of the United States, any state thereof, the District of Columbia, or any territory thereof, Bermuda, the Cayman Islands, Switzerland, Ireland, Singapore, or the Marshall Islands. 

“Permitted Liens” means, with respect to any Person: 

(1) pledges or deposits by such Person under workmen’s compensation laws, unemployment insurance laws or similar
legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such Person is a party, or deposits to secure public or statutory obligations of such Person or deposits
of cash or U.S. government bonds to secure surety or appeal bonds to which such Person is a party, or deposits as security for contested taxes or import duties or for the payment of rent, in each case incurred in the ordinary course of business;

 (2) Liens imposed by law, such as carriers’, warehousemen’s and mechanics’ Liens, in each case for sums not
yet overdue for a period of more than 30 days or being contested in good faith by appropriate proceedings or other Liens arising out of judgments or awards against such Person with respect to which such Person shall then be proceeding with an appeal
or other proceedings for review; 
 (3) Liens for taxes, assessments or other governmental charges not yet overdue for a
period of more than 30 days or payable or subject to penalties for nonpayment or which are being contested in good faith by appropriate proceedings; 

  
 -23- 

 (4) Liens in favor of issuers of performance and surety bonds or bid bonds or
with respect to other regulatory requirements or letters of credit issued pursuant to the request of and for the account of such Person in the ordinary course of its business; 

(5) minor survey exceptions, minor encumbrances, easements or reservations of, or rights of others for, licenses,
rights-of-way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning or other restrictions as to the use of real properties or Liens incidental, to the conduct of the business of such Person or to the ownership
of its properties which were not incurred in connection with Indebtedness and which do not in the aggregate materially adversely affect the value of said properties or materially impair their use in the operation of the business of such Person as
determined by the Board of Directors or management of the Company; 
 (6) Liens existing on the Issue Date; 

(7) Liens on property or shares of stock of a Person at the time such Person becomes a Subsidiary; provided,
however, such Liens are not created or incurred in connection with, or in contemplation of, such other Person becoming such a subsidiary; provided, further, however, that such Liens may not extend to any other property owned
by the Company or any Restricted Subsidiary; 
 (8) Liens on property at the time the Company or a Restricted Subsidiary
acquired the property, including any acquisition by means of an amalgamation or a merger or consolidation with or into the Company or any Restricted Subsidiary; provided, however, that such Liens are not created or incurred in
connection with, or in contemplation of, such acquisition; provided, further, however, that the Liens may not extend to any other property owned by the Company or any Restricted Subsidiary; 

(9) Liens securing Indebtedness or other obligations of a Restricted Subsidiary owing to the Company or another Restricted
Subsidiary permitted to be incurred in accordance with Section 1011 hereof; 
 (10) Liens securing Hedging Obligations
so long as the related Indebtedness is, and is permitted to be under this Supplemental Indenture, secured by a Lien; 
 (11)
Liens on specific items of inventory of other goods and proceeds of any Person securing such Person’s obligations in respect of bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment or
storage of such inventory or other goods; 
 (12) leases and subleases of real property granted to others in the ordinary
course of business and which do not materially interfere with the ordinary conduct of the business of the Company or any of the Restricted Subsidiaries as determined by the Board of Directors or management of the Company; 

(13) Liens arising from Uniform Commercial Code financing statement filings regarding operating leases entered into by the
Company and its Restricted Subsidiaries in the ordinary course of business; 
 (14) Liens in favor of the Company; 

  
 -24- 

 (15) Liens on equipment of the Company or any Restricted Subsidiary granted in
the ordinary course of business to the Company’s client at which such equipment is located; 
 (16) Liens on accounts
receivable and related assets incurred in connection with a Receivables Facility; 
 (17) Liens to secure any refinancing,
refunding, extension, renewal or replacement (or successive refinancing, refunding, extensions, renewals or replacements) as a whole, or in part, of any Indebtedness secured by any Lien referred to in clauses (6), (7), (8), (9), (10), (14),
(26) and (27); provided, however, that (x) such new Lien shall be limited to all or part of the same property that secured the original Lien (plus improvements on such property), (y) the Indebtedness secured by such Lien
at such time is not increased to any amount greater than the sum of (A) the outstanding principal amount or, if greater, committed amount of the Indebtedness described under clauses (6), (7), (8), (9), (10), (14), (26) and (27) at the
time the original Lien became a Permitted Lien under this Supplemental Indenture, and (B) an amount necessary to pay any fees and expenses, including premiums, related to such refinancing, refunding, extension, renewal or replacement and
(z) the new Lien has no greater priority and the holders of the Indebtedness secured by such Lien have no greater intercreditor rights relative to the Notes and Holders thereof than the original Liens and the related Indebtedness; 

(18) other Liens either (a) securing obligations incurred in the ordinary course of business which obligations do not
exceed the greater of $60.0 million or 1.0% of Total Assets, or (b) during a Suspension Period, securing obligations which obligations do not exceed 20.0% of Consolidated Tangible Assets after giving effect to the incurrence of such obligations
and the use of proceeds thereof; in each case in aggregate principal amount together with all other obligations secured by Liens incurred pursuant to this clause (18) subsequent to the Issue Date, including the Lien proposed to be incurred;

 (19) Licenses or sublicenses in the ordinary course of business; 

(20) Liens securing judgments for the payment of money not constituting an Event of Default under Section 501(5) so long
as such Liens are adequately bonded and any appropriate legal proceedings that may have been duly initiated for the review of such judgment have not been finally terminated or the period within which such proceedings may be initiated has not
expired; 
 (21) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs
duties in connection with the importation of goods in the ordinary course of business; 
 (22) Liens (i) of a collection
bank arising under Section 4-210 of the Uniform Commercial Code, or any comparable or successor provision, on items in the course of collection, (ii) attaching to commodity trading accounts or other commodity brokerage accounts incurred in
the ordinary course of business, and (iii) in favor of banking institutions arising as a matter of law encumbering deposits (including the right of set-off) and which are within the general parameters customary in the banking industry; 

(23) Liens encumbering reasonable customary initial deposits and margin deposits and similar Liens attaching to commodity
trading accounts or other brokerage accounts incurred in the ordinary course of business and not for speculative purposes; 

  
 -25- 

 (24) Liens that are contractual rights of set-off (i) relating to the
establishment of depository relations with banks not given in connection with the issuance of Indebtedness, (ii) relating to pooled deposit or sweep accounts of the Company or any of its Restricted Subsidiaries to permit satisfaction of
overdraft or similar obligations incurred in the ordinary course of business of the Company and its Restricted Subsidiaries or (iii) relating to purchase orders and other agreements entered into with customers of the Company or any of its
Restricted Subsidiaries in the ordinary course of business; 
 (25) Liens arising out of conditional sale, title retention,
consignment or similar arrangements for the sale or purchase of goods entered into by the Company or any Restricted Subsidiary in the ordinary course of business; 

(26) Liens securing Indebtedness permitted to be incurred pursuant to Section 1011(b)(4); provided that Liens
extend only to the assets so financed, purchased, constructed or improved; and 
 (27) Liens securing Indebtedness permitted
to be incurred pursuant to Section 1011(b)(17); provided that Liens extend only to the assets so financed and any Capital Stock of any related Aircraft Finance Subsidiary. 

For purposes of determining compliance with this definition, (A) Permitted Liens need not be incurred solely by reference to one category
of Permitted Liens described above but are permitted to be incurred in part under any combination thereof and (B) in the event that a Lien (or any portion thereof) meets the criteria of one or more of the categories of Permitted Liens described
above, the Company may, in its sole discretion, classify or reclassify such item of Permitted Liens (or any portion thereof) in any manner that complies with this definition and the Company may divide and classify a Lien in more than one of the
types of Permitted Liens in one of the above clauses. 
 “Person” means any individual, corporation, limited liability company,
partnership, joint venture, association, joint stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

“Predecessor Note” of any particular Note means every previous Note evidencing all or a portion of the same debt as that evidenced
by such particular Note; and, for the purposes of this definition, any Note authenticated and delivered under Section 306 in exchange for a mutilated Note or in lieu of a lost, destroyed or stolen Note shall be deemed to evidence the same debt
as the mutilated, lost, destroyed or stolen Note. 
 “preferred stock” means any Equity Interest with preferential rights of
payment of dividends or upon liquidation, dissolution, or winding up. 
 “Prospectus” means that certain Prospectus Supplement,
dated January 12, 2015, together with the base prospectus, dated June 20, 2012 which forms part of the Company’s Registration Statement on Form S-3 (file no. 333-182242), relating to the issuance and sale of the Initial
Notes. 
 “Qualified Proceeds” means assets that are used or useful in, or Capital Stock of any Person engaged in, a Similar
Business; provided that the fair market value of any such assets or Capital Stock shall be determined by the Board of Directors or senior management of the Company in good faith. 

“Rating Agencies” means Fitch, Moody’s and S&P or if any of Fitch, Moody’s or S&P or all three shall not make a
rating on the Notes publicly available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Company which shall be substituted for Fitch, Moody’s or S&P or all three, as the case may be. 

  
 -26- 

 “Rating Decline” shall be deemed to occur if on the 60th day following the occurrence
of a Change of Control (1) if Notes are then rated by three Rating Agencies, the rating of the Notes by two or more of the Rating Agencies shall have been (i) withdrawn or (ii) downgraded to a rating below an Investment Grade Rating,
or (2) if the Notes are then rated by two or fewer Rating Agencies, the rating of the Notes by either Rating Agency shall have been (i) withdrawn or (ii) downgraded to a rating below an Investment Grade Rating. 

“Receivables Facility” means one or more receivables financing facilities, as amended from time to time, the Indebtedness of which
is non-recourse (except for standard representations, warranties, covenants and indemnities made in connection with such facilities) to the Company and the Restricted Subsidiaries pursuant to which the Company and/or any of its Restricted
Subsidiaries sells its accounts receivable to a Person that is not a Restricted Subsidiary. 
 “Receivables Fees” means
distributions or payments made directly or by means of discounts with respect to any participation interest issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Receivables
Facility. 
 “Record Date” means either a Regular Record Date or a Special Record Date. 

“Redemption Date” when used with respect to any Note to be redeemed, in whole or in part, means the date fixed for such redemption
by or pursuant to this Supplemental Indenture. 
 “Redemption Price” when used with respect to any Note to be redeemed, means the
price at which it is to be redeemed pursuant to this Supplemental Indenture. 
 “Refinancing Indebtedness” has the meaning
specified in Section 1011 of this Supplemental Indenture. 
 “Refunding Capital Stock” has the meaning specified in
Section 1010 of this Supplemental Indenture. 
 “Regular Record Date” has the meaning specified in Section 301 of this
Supplemental Indenture. 
 “Regulation S-X” means Regulation S-X under the Securities Act. 

“Related Business Assets” means assets (other than cash or Cash Equivalents) used or useful in a Similar Business, provided
that any assets received by the Company or a Restricted Subsidiary in exchange for assets transferred by the Company or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless
upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary. 
 “Relevant Tax Jurisdiction”
means Bermuda, or another jurisdiction in which the Company or a Guarantor, or a successor of any of them, is organized, is resident or engaged in business for tax purposes or through which payments are made on or in connection with the Notes or the
Note Guarantees. 
 “Responsible Officer,” when used with respect to the Trustee, means any vice president, any assistant
treasurer, any trust officer or assistant trust officer, or any other officer of the Trustee customarily 

  
 -27- 

 
performing functions similar to those performed by any of the above-designated officers, and also means, with respect to a particular corporate trust matter, any other officer to whom such matter
is referred because of his knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of this Supplemental Indenture. 

“Restricted Investment” means an Investment other than a Permitted Investment. 

“Restricted Payments” has the meaning specified in Section 1010 of this Supplemental Indenture. 

“Restricted Subsidiary” means, at any time, any direct or indirect Subsidiary of the Company (including any Foreign Subsidiary) that
is not then an Unrestricted Subsidiary; provided, however, that upon the occurrence of an Unrestricted Subsidiary ceasing to be an Unrestricted Subsidiary, such Subsidiary shall be included in the definition of “Restricted
Subsidiary.” 
 “Retired Capital Stock” has the meaning specified in Section 1010 of this Supplemental Indenture. 

“S&P” means Standard and Poor’s Ratings Group. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated
thereunder. 
 “Significant Subsidiary” means any Restricted Subsidiary that would be a “significant subsidiary” as
defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such regulation is in effect on the Issue Date. 

“Similar Business” means any business conducted or proposed to be conducted by the Company and its Restricted Subsidiaries on the
date of this Supplemental Indenture or any business that is similar, reasonably related, incidental or ancillary thereto. 
 “Special
Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 307. 
 “Stated
Maturity,” when used with respect to any Note or any installment of principal thereof or interest thereon, means the date specified in such Notes as the fixed date on which the principal of such Notes or such installment of principal or
interest is due and payable. 
 “Subordinated Indebtedness” means (a) with respect to the Company, any Indebtedness of the
Company which is by its terms subordinated in right of payment to the Notes, and (b) with respect to any Guarantor, any Indebtedness of such Guarantor which is by its terms subordinated in right of payment to the Note Guarantee of such
Guarantor. 
 “Subsidiary” means, with respect to any Person, 

(1) any corporation, association, or other business entity (other than a partnership, joint venture, limited liability company
or similar entity) of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time of
determination owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof and 

  
 -28- 

 (2) any partnership, joint venture, limited liability company or similar entity
of which; 
 (x) more than 50% of the capital accounts, distribution rights, total equity and voting interests or general or
limited partnership interests, as applicable, are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof whether in the form of membership, general, special or
limited partnership or otherwise, and 
 (y) such Person or any Restricted Subsidiary of such Person is a controlling general
partner or otherwise controls such entity. 
 “Successor Company” has the meaning specified in Section 801 of this
Supplemental Indenture. 
 “Successor Person” has the meaning specified in Section 802 of this Supplemental Indenture. 

“Total Assets” means the total assets of the Company and the Restricted Subsidiaries, as shown on the most recent balance sheet of
the Company for which internal financial statements are available immediately preceding the date on which any calculation of Total Assets is being made, with such pro forma adjustments for transactions consummated on or prior to or
simultaneously with the date of the calculation as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio. 

“Treasury Rate” means, as of any Redemption Date, the yield to maturity as of such Redemption Date of United States Treasury
securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15(519) that has become publicly available at least two business days prior to the Redemption Date (or, if such Statistical
Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the Redemption Date to the maturity date of the Notes to be redeemed; provided, however, that if the period
from the Redemption Date to the maturity date of the Notes to be redeemed is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year will be used. 

“Trust Indenture Act” or “TIA” means the Trust Indenture Act of 1939 as in force at the date as of which this Supplemental
Indenture was executed, except as provided in Section 905. 
 “Trustee” means the Person named as the “Trustee” in
the first paragraph of this Supplemental Indenture until a successor Trustee shall have become such pursuant to the applicable provisions of this Supplemental Indenture, and thereafter “Trustee” shall mean such successor Trustee. 

“Unrestricted Subsidiary” means: 

(1) any Subsidiary of the Company which at the time of determination is an Unrestricted Subsidiary (as designated by the Board
of Directors of the Company, as provided below) and 
 (2) any Subsidiary of an Unrestricted Subsidiary. 

  
 -29- 

 The Board of Directors of the Company may designate any Subsidiary of the Company (including any
existing Subsidiary and any newly acquired or newly formed Subsidiary) to be an Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries owns any Equity Interests or Indebtedness of, or owns or holds any Lien on, any property of,
the Company or any Subsidiary of the Company (other than any Subsidiary of the Subsidiary to be so designated), provided that 

(a) any Unrestricted Subsidiary must be an entity of which shares of the Capital Stock or other Equity Interests (including
partnership interests) entitled to cast at least a majority of the votes that may be cast by all shares or Equity Interests having ordinary voting power for the election of directors or other governing body are owned, directly or indirectly, by the
Company, 
 (b) such designation complies with Section 1010, and 

(c) each of the Subsidiary to be so designated and its Subsidiaries has not at the time of designation, and does not
thereafter, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable with respect to any Indebtedness pursuant to which the lender has recourse to any of the assets of the Company or any Restricted Subsidiary. 

The Board of Directors of the Company may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that,
immediately after giving effect to such designation no Default or Event of Default shall have occurred and be continuing and either: 

(1) the Company could incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test
described under Section 1011(a), or 
 (2) the Fixed Charge Coverage Ratio for the Company and its Restricted
Subsidiaries would be not less than such ratio for the Company and its Restricted Subsidiaries immediately prior to such designation, in each case on a pro forma basis taking into account such designation. 

Any such designation by the Board of Directors of the Company shall be notified by the Company to the Trustee by promptly filing with the
Trustee a copy of the Board Resolution giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the foregoing provisions. 

“Vice President,” when used with respect to the Company or the Trustee, means any vice president, whether or not designated by a
number or a word or words added before or after the title “vice president.” 
 “Voting Stock” of any Person as of any
date means the Capital Stock of such Person that is at the time entitled to vote in the election of the Board of Directors of such Person. 

“Weighted Average Life to Maturity” means, when applied to any Indebtedness, Disqualified Stock or preferred stock, as the case may
be, at any date, the quotient obtained by dividing: 
 (1) the sum of the products of the number of years from the date of
determination to the date of each successive scheduled principal payment of such Indebtedness or redemption or similar payment with respect to such Disqualified Stock or preferred stock multiplied by the amount of such payment, by 

(2) the sum of all such payments. 

  
 -30- 

 “Wholly-Owned Restricted Subsidiary” means any Wholly-Owned Subsidiary that is a
Restricted Subsidiary. 
 “Wholly-Owned Subsidiary” of any Person means a Subsidiary of such Person, 100% of the outstanding
Capital Stock or other ownership interests of which (other than directors’ qualifying shares) shall at the time be owned by such Person or by one or more Wholly-Owned Subsidiaries of such Person. 

ARTICLE TWO 
 NOTE FORMS

 Article II of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as described
in, and to the extent of, this Article Two. 
 SECTION 201. Forms Generally. 

The Initial Notes shall be known and designated as “5.50% Senior Notes due 2022” of the Company. The Notes and the Trustee’s
certificate of authentication with respect thereto shall be substantially in the form of Exhibit A hereto. The Notes may have notations, legends or endorsements required by law, stock exchange rule or usage; provided, that any such notations,
legends or endorsements are in a form reasonably acceptable to the Company. Each Note will be dated the date of its authentication. The Notes shall be in minimum denominations of $2,000 and any integral multiple of $1,000 in excess thereof. 

The terms and provisions contained in the Notes will constitute, and are hereby expressly made, a part of the Indenture and the Company and
the Trustee, by their execution and delivery of this Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to the extent any provision of any Note conflicts with the express provisions of the Base
Indenture, the provisions of the Notes shall govern and be controlling and to the extent any provision of any Note conflicts with the express provisions of this Supplemental Indenture, the provisions of this Supplemental Indenture shall govern and
be controlling. 
 Any Definitive Notes shall be printed, lithographed, typewritten or engraved on steel-engraved borders or may be produced
in any other manner, all as determined by two Officers of the Company executing such Notes, as evidenced by their execution of such Notes. 

Notes issued in global form will be substantially in the form of Exhibit A hereto, including the Global Note Legend thereon and the
“Schedule of Exchanges of Interests in the Global Note” attached thereto. Notes issued in definitive form will be substantially in the form of Exhibit A hereto but without the Global Note Legend thereon and without the “Schedule of
Exchanges of Interests in the Global Note” attached thereto. Each Global Note will represent such of the outstanding Notes as will be specified therein and each shall provide that it represents the aggregate principal amount of outstanding
Notes from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. Any endorsement of a
Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of outstanding Notes represented thereby will be made by the Trustee or the Custodian, at the direction of the Trustee, in accordance with instructions
given by the Holder thereof as required by Section 311 hereof. 

  
 -31- 

 SECTION 202. Form of Trustee’s Certificate of Authentication. 

The Trustee shall, upon receipt of a Company Order, authenticate Notes for original issue that may be validly issued under this Supplemental
Indenture, including any Additional Notes. The aggregate principal amount of Notes outstanding at any time may not exceed the aggregate principal amount of Notes authorized for issuance by the Company pursuant to one or more Company Orders, except
as provided in Section 306 hereof. 
 The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Notes.
An authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Supplemental Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an
Agent to deal with Holders or an Affiliate of the Company. 
 Subject to Section 611, the Trustee’s certificate of authentication
shall be in substantially the following form: 
 TRUSTEE’S CERTIFICATE OF AUTHENTICATION. 

This is one of the Notes referred to in the within-mentioned Indenture. 

 

									
		 		 		 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
					
	Dated:	 	  
	 		 	By	 	  

		 		 		 		 	Authorized Signatory

 SECTION 203. Restrictive Legends. 

Each Global Note shall bear the following legend on the face thereof: 

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

TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF CEDE & CO. OR TO
A 

  
 -32- 

 
SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN SECTION 311 OF
THE INDENTURE. 
 ARTICLE THREE 

THE NOTES 
 Article III of
the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as described in, and to the extent of, this Article Three. 

SECTION 301. Title and Terms. 

The aggregate principal amount of Notes which may be authenticated and issued under this Supplemental Indenture is not limited;
provided, however, that any Additional Notes issued under this Supplemental Indenture are issued in accordance with Sections 303 and 1011 hereof, as part of the same series as the Notes. 

The Notes shall be known and designated as the “5.50% Senior Notes due 2022” of the Company. The Stated Maturity of the Notes shall
be February 15, 2022, and the Notes shall bear interest at the rate of 5.50% per annum from January 15, 2015, or from the most recent Interest Payment Date to which interest has been paid or duly provided for on the Notes. 

Interest on the Notes is payable on August 15, 2015 and semi-annually thereafter on February 15 and August 15 of each year and
at the applicable Stated Maturity, until the principal of such Note is paid or duly provided for and to the Person in whose name such Note (or any Predecessor Note), is registered at the close of business on February 1 and August 1
immediately preceding such Interest Payment Date (each, a “Regular Record Date”). 
 The principal of (and premium, if any) and
interest on the Notes shall be payable at the office or agency of the Company maintained for such purpose or, at the option of the Company, payment of interest may be made by check mailed to the Holders of the Notes at their respective addresses set
forth in the Note Register of Holders; provided that all payments of principal, premium, if any, and interest with respect to Notes represented by one or more Global Notes registered in the name of or held by the Depositary or its nominee
will be made by wire transfer of immediately available funds to the accounts specified by the Holder or Holders thereof. Until otherwise designated by the Company, the Company’s office or agency shall be the office of the trustee maintained for
such purpose. 
 Holders shall have the right to require the Company to purchase their Notes, in whole or in part, in the event of a Change
in Control pursuant to Section 1016. The Notes shall be subject to repurchase pursuant to an offer to purchase as provided in Section 1017. 

The Notes shall be redeemable as provided in Article Eleven. 

If the Notes are guaranteed, the due and punctual payment of principal of, premium, if any, and interest on the Notes payable by the Company
is irrevocably and unconditionally guaranteed, to the extent set forth herein, by each of the Guarantors. 

  
 -33- 

 SECTION 302. Denominations. 

The Notes shall be issuable only in registered form without coupons and only in minimum denominations of $2,000 and any integral multiple of
$1,000 in excess thereof. 
 SECTION 303. Execution, Authentication, Delivery and Dating. 

The Notes shall be executed on behalf of the Company by any two Officers. The signature of any Officer on the Notes may be manual or facsimile
signatures of the present or any future such authorized officer and may be imprinted or otherwise reproduced on the Notes. 
 Notes bearing
the manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and
delivery of such Notes or did not hold such offices at the date of such Notes. 
 At any time and from time to time after the execution and
delivery of this Supplemental Indenture, the Company may deliver Notes executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Notes, and the Trustee in accordance with
such Company Order shall authenticate and deliver such Notes. Such Company Order shall identify the Notes to be authenticated, the date on which the original issue of the Notes is to be authenticated, the number of separate Note certificates, the
principal amount of such Notes to be authenticated, the registered holder of each of the said Notes, and delivery instructions. 
 On the
Issue Date, the Company shall deliver the Initial Notes in the aggregate principal amount of $500,000,000 executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Notes,
directing the Trustee to authenticate the Notes and certifying that all conditions precedent to the issuance of Notes contained herein have been fully complied with, and the Trustee in accordance with such Company Order shall authenticate and
deliver such Initial Notes. At any time and from time to time after the Issue Date, the Company may deliver Additional Notes executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery
of such Additional Notes, directing the Trustee to authenticate the Additional Notes and certifying that the issuance of such Additional Notes is in compliance with Article Ten hereof and that all other conditions precedent to the issuance of Notes
contained herein have been fully complied with, and the Trustee in accordance with such Company Order shall authenticate and deliver such Additional Notes. In each case, the Trustee shall receive an Officers’ Certificate and an Opinion of
Counsel of the Company that it may reasonably require in connection with such authentication of Notes. Such order shall specify the amount of Notes to be authenticated and the date on which the original issue of Notes is to be authenticated. 

Each Note shall be dated the date of its authentication. 

No Note shall be entitled to any benefit under this Supplemental Indenture or be valid or obligatory for any purpose unless there appears on
such Note a certificate of authentication substantially in the form provided for herein duly executed by the Trustee by manual signature of an authorized officer, and such certificate upon any Note shall be conclusive evidence, and the only
evidence, that such Note has been duly authenticated and delivered hereunder and is entitled to the benefits of this Supplemental Indenture. 

In case the Company, pursuant to Article Eight, shall be amalgamated, consolidated or merged with or into any other Person or shall convey,
transfer, lease or otherwise dispose of its properties 

  
 -34- 

 
and assets substantially as an entirety to any Person, and the successor Person resulting from such amalgamation or consolidation, or surviving such merger, or into which the Company shall have
been merged, or the Person which shall have received a conveyance, transfer, lease or other disposition as aforesaid, shall have executed a supplemental indenture hereto with the Trustee pursuant to Article Nine, any of the Notes authenticated or
delivered prior to such consolidation, merger, conveyance, transfer, lease or other disposition may, from time to time, at the request of the successor Person, be exchanged for other Notes executed in the name of the successor Person with such
changes in phraseology and form as may be appropriate, but otherwise in substance of like tenor as the Notes surrendered for such exchange and of like principal amount; and the Trustee, upon Company Request of the successor Person, shall
authenticate and deliver Notes as specified in such request for the purpose of such exchange. If Notes shall at any time be authenticated and delivered in any new name of a successor Person pursuant to this Section in exchange or substitution for or
upon registration of transfer of any Notes, such successor Person, at the option of the Holders but without expense to them, shall provide for the exchange of all Notes at the time Outstanding for Notes authenticated and delivered in such new name.

 SECTION 304. Temporary Notes. 

In the event Definitive Notes are to be issued pursuant to the terms of this Supplemental Indenture, pending the preparation of Definitive
Notes, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Notes which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the
tenor of the Definitive Notes in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Notes may determine, as conclusively evidenced by their execution of
such Notes. 
 If temporary Notes are issued, the Company will cause Definitive Notes to be prepared without unreasonable delay. After the
preparation of Definitive Notes, the temporary Notes shall be exchangeable for Definitive Notes upon surrender of the temporary Notes at the office or agency of the Company designated for such purpose pursuant to Section 1002, without charge to
the Holder. Upon surrender for cancellation of any one or more temporary Notes, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of Definitive Notes of authorized denominations.
Until so exchanged, the temporary Notes shall in all respects be entitled to the same benefits under this Supplemental Indenture as Definitive Notes. 

SECTION 305. Registration, Paying Agent, Registration of Transfer and Exchange. 

The Company shall cause to be kept at the Corporate Trust Office of the Trustee a register (the register maintained in such office and in any
other office or agency designated pursuant to Section 1002 being herein sometimes referred to as the “Note Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration
of Notes and of transfers of Notes. The Note Register shall be in written form or any other form capable of being converted into written form within a reasonable time. At all reasonable times, the Note Register shall be open to inspection by the
Trustee. The Trustee is hereby initially appointed as note registrar (the “Note Registrar”) for the purpose of registering Notes and transfers of Notes as herein provided and as Paying Agent. The Company may appoint one or more
co-registrars and one or more additional paying agents. The Company may change any Paying Agent or Registrar without prior notice to any Holder; provided, that the Company shall maintain one or more Paying Agents. The Company shall notify the
Trustee in writing of the name and address of any Agent not party to this Supplemental Indenture. If the Company fails to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act as such. The Company may act as Paying
Agent or Registrar. 

  
 -35- 

 The Company initially appoints DTC to act as Depositary with respect to the Global Notes. 

Upon surrender for registration of transfer of any Note at the office or agency of the Company designated pursuant to Section 1002, the
Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Notes of any authorized denomination or denominations of a like aggregate principal amount. 

At the option of the Holder, Notes may be exchanged for other Notes of any authorized denomination and of a like aggregate principal amount,
upon surrender of the Notes to be exchanged at such office or agency. Whenever any Notes are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Notes which the Holder making the exchange is
entitled to receive. 
 All Notes issued upon any registration of transfer or exchange of Notes shall be the valid obligations of the
Company, evidencing the same debt, and entitled to the same benefits under this Supplemental Indenture, as the Notes surrendered upon such registration of transfer or exchange. 

Every Note presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the Note Registrar)
be duly endorsed, or be accompanied by written instruments of transfer, in form satisfactory to the Company and the Note Registrar, duly executed by the Holder thereof or his attorney duly authorized in writing. 

No service charge shall be made for any registration of transfer or exchange or redemption of Notes, but the Company may require payment of a
sum sufficient to cover any taxes, fees or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Notes, other than exchanges pursuant to Sections 304, 906, 1016, 1017 or 1109 not involving any
transfer. 
 Neither the Registrar nor the Company shall be required to register the transfer of or exchange any Note selected for
redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 
 SECTION 306. Mutilated, Destroyed,
Lost and Stolen Notes. 
 If (i) any mutilated Note is surrendered to the Trustee, or (ii) the Company and the Trustee receive
evidence to their satisfaction of the destruction, loss or theft of any Note, and there is delivered to the Company and the Trustee such security or indemnity as may be required by them to protect the Trustee, any Agent and the Company from any
loss, then, in the absence of notice to the Company or the Trustee that such Note has been acquired by a bona fide purchaser, the Company shall execute and upon Company Order the Trustee shall authenticate and deliver, in exchange for any such
mutilated Note or in lieu of any such destroyed, lost or stolen Note, a new Note of like tenor and principal amount, bearing a number not contemporaneously outstanding. 

In case any such mutilated, destroyed, lost or stolen Note has become or is about to become due and payable, the Company in its discretion
may, instead of issuing a new Note, pay such Note. 
 Upon the issuance of any new Note under this Section, the Company may require the
payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

  
 -36- 

 Every new Note issued pursuant to this Section in lieu of any mutilated, destroyed, lost or
stolen Note shall constitute an original additional contractual obligation of the Company and shall be entitled to all benefits of this Supplemental Indenture equally and proportionately with any and all other Notes duly issued hereunder. 

The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the
replacement or payment of mutilated, destroyed, lost or stolen Notes. 
 SECTION 307. Payment of Interest; Interest Rights Preserved.

 Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the
Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 1002;
provided, however, that, subject to Section 301 hereof, each installment of interest may at the Company’s option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person
entitled thereto pursuant to Section 308, to the address of such Person as it appears in the Note Register or (ii) transfer to an account located in the United States maintained by the payee. 

Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease
to be payable to the Holder on the Regular Record Date by virtue of having been paid to such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest
and interest thereon herein collectively called “Defaulted Interest”) may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below: 

(1) The Company may elect to make payment of any Defaulted Interest on the Notes to the Persons in whose names such Notes (or
their respective Predecessor Notes) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the
amount of Defaulted Interest proposed to be paid on each Note and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of
such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted
Interest as in this clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not
less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date, and in the name and at the expense of the Company, shall cause notice of the
proposed payment of such Defaulted Interest and the Special Record Date therefor to be given in the manner provided for in Section 1305, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted
Interest and the Special Record Date therefor having been so given, such Defaulted Interest shall be paid to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business on such Special Record
Date and shall no longer be payable pursuant to the following clause (2). 
 (2) The Company may make payment of any
Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes 

  
 -37- 

 
may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of
payment shall be deemed practicable by the Trustee. 
 Subject to the foregoing provisions of this Section, each Note delivered under this
Supplemental Indenture upon registration of transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Note. 

SECTION 308. Persons Deemed Owners. 

Prior to the due presentment of a Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may
treat the Person in whose name such Note is registered as the owner of such Note for the purpose of receiving payment of principal of (and premium, if any) and (subject to Sections 305 and 307) interest on such Note and for all other purposes
whatsoever, whether or not such Note be overdue, and none of the Company, the Trustee or any agent of the Company or the Trustee shall be affected by notice to the contrary. 

SECTION 309. Cancellation. 

All Notes surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to any Person other than the Trustee,
be delivered to the Trustee and shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder. All Notes so delivered shall be promptly cancelled by
the Trustee. If the Company shall so acquire any of the Notes, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Notes unless and until the same are surrendered to the Trustee for
cancellation. No Notes shall be authenticated in lieu of or in exchange for any Notes cancelled as provided in this Section, except as expressly permitted by this Supplemental Indenture. All cancelled Notes held by the Trustee shall be disposed of
by the Trustee in accordance with its customary procedures. Certification of the destruction of all cancelled Notes shall upon the written request of the Company be delivered to the Company. 

SECTION 310. Computation of Interest. 

Interest on the Notes shall be computed on the basis of a 360-day year of twelve 30-day months. 

SECTION 311. Book-Entry and Transfer Provisions. 

(a) Transfer and Exchange of Global Notes. A Global Note 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 Notes will be exchanged by
the Company for Definitive Notes if: 
 (1) the Depositary (a) notifies the Company that it is unwilling or unable to
continue as depositary for the Global Notes or (b) has ceased to be a clearing agency registered under the Exchange Act and, in either case, the Company fails to appoint a successor depositary; 

(2) the Company, at its option, notifies the Trustee in writing that it elects to cause the issuance of the Definitive Notes;
or 

  
 -38- 

 (3) there has occurred and is continuing a Default or Event of Default with
respect to the Notes. 
 Upon the occurrence of either of the preceding events in (1) or (2) above, Definitive Notes shall be
issued in such names as the Depositary shall instruct the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 304 and 306 hereof. Every Note authenticated and delivered in exchange for, or in lieu
of, a Global Note or any portion thereof, pursuant to this Section 312 or Sections 304 or 306 hereof, shall be authenticated and delivered in the form of, and shall be, a Global Note. A Global Note may not be exchanged for another Note other
than as provided in this Section 311(a), however, beneficial interests in a Global Note may be transferred and exchanged as provided in Section 311(b) or (c) hereof. 

(b) Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer and exchange of beneficial interests in the Global
Notes will be effected through the Depositary, in accordance with the provisions of this Supplemental Indenture and the Applicable Procedures. None of the Company, the Trustee, Paying Agent, nor any agent of the Company shall have any responsibility
or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests in a Global Note, or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests.
Transfers of beneficial interests in the Global Notes also will require compliance with either subparagraph (1) or (2) below, as applicable, as well as one or more of the other following subparagraphs, as applicable: 

(1) Transfer of Beneficial Interests in the Same Global Note. Beneficial interests in any Global Note may be transferred
to Persons who take delivery thereof in the form of a beneficial interest in a Global Note. No written orders or instructions shall be required to be delivered to the Note Registrar to effect the transfer described in this Section 311(b)(1).

 (2) All Other Transfers and Exchanges of Beneficial Interests in Global Notes. In connection with all transfers and
exchanges of beneficial interests that are not subject to Section 311(b)(1) above, the transferor of such beneficial interest must deliver to the Note Registrar either: 

(A) both: 
 (x)
a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures directing the Depositary to credit or cause to be credited a beneficial interest in another Global Note in an amount
equal to the beneficial interest to be transferred or exchanged; and 
 (y) instructions given in accordance with the
Applicable Procedures containing information regarding the Participant account to be credited with such increase; or 
 (B) both: 

(x) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable
Procedures directing the Depositary to cause to be issued a Definitive Note in an amount equal to the beneficial interest to be transferred or exchanged; and 

  
 -39- 

 (y) instructions given by the Depositary to the Note Registrar containing
information regarding the Person in whose name such Definitive Note shall be registered to effect the transfer or exchange referred to in (A) above. 

Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Notes contained in this Supplemental
Indenture and the Notes or otherwise applicable under the Securities Act, the Trustee shall adjust the principal amount of the relevant Global Note(s) pursuant to Section 311(g) hereof. 

(c) Transfer or Exchange of Beneficial Interests for Definitive Notes. If any holder of a beneficial interest in a Global Note proposes
to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Note, then, upon satisfaction of the conditions set forth in Section 311(b)(2)
hereof, the Trustee will cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 311(g) hereof, and the Company will execute and the Trustee will authenticate and deliver to the Person
designated in the instructions a Definitive Note in the appropriate principal amount. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 311(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 Note Registrar from or through the Depositary and the Participant or Indirect Participant. The Trustee will deliver such
Definitive Notes to the Persons in whose names such Notes are so registered. 
 (d) Transfer and Exchange of Definitive Notes for
Beneficial Interests. A Holder of a Definitive Note may exchange such Note for a beneficial interest in a Global Note or transfer such Definitive Note to a Person who takes delivery thereof in the form of a beneficial interest in a Global Note
at any time. Upon receipt of a request for such an exchange or transfer, the Trustee will cancel the applicable Definitive Note and increase or cause to be increased the aggregate principal amount of one of the Global Notes. 

If any such exchange or transfer from a Definitive Note to a beneficial interest in a Global Note is effected pursuant to this
Section 311(d) at a time when a Global Note has not yet been issued, the Company will issue and, upon receipt of a Company Order in accordance with Section 202 hereof, the Trustee will authenticate one or more Global Notes in an aggregate
principal amount equal to the principal amount of Definitive Notes so transferred. 
 (e) Transfer and Exchange of Definitive Notes for
Definitive Notes. Upon request by a Holder of Definitive Notes and such Holder’s compliance with the provisions of this Section 311(e), the Note Registrar will register the transfer or exchange of Definitive Notes. Prior to such
registration of transfer or exchange, the requesting Holder must present or surrender to the Note Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Note 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 311(e). 
 (f) [Reserved]. 

(g) Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests in a particular Global Note have been
exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note will be returned to or retained and canceled by the Trustee in accordance with Section 309
hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person 

  
 -40- 

 who will take delivery thereof in the form of a beneficial interest in another Global Note or for
Definitive Notes, the principal amount of Notes represented by such Global Note will be reduced accordingly and an endorsement will be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such
reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such other Global Note will be increased accordingly and an
endorsement will be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase. 

(h) General Provisions Relating to Transfers and Exchanges. 

(1) To permit registrations of transfers and exchanges, the Company will execute and the Trustee will authenticate Global Notes and Definitive
Notes upon receipt of a Company Order in accordance with Section 202 hereof or at the Note Registrar’s request. 
 (2) No service
charge will be made to a Holder of a beneficial interest in a Global Note or to a Holder of a Definitive Note for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax or similar
governmental charge payable in connection therewith (other than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 304, 906, 1016, 1017 and 1109 hereof. 

(3) The Note Registrar will not be required to register the transfer of or exchange of any Note selected for redemption in whole or in part,
except the unredeemed portion of any Note being redeemed in part. 
 (4) All Global Notes and Definitive Notes issued upon any registration
of transfer or exchange of Global Notes or Definitive Notes will be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Supplemental Indenture, as the Global Notes or Definitive Notes
surrendered upon such registration of transfer or exchange. 
 (5) Neither the Note 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 mailing of a notice of redemption of Notes for redemption under Section 1105 hereof and ending at the close of business on the day of such mailing; 

(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. 
 (6) Prior to due presentment for the registration of a transfer of any Note, the Trustee,
any Agent and the Company may deem and treat the Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Notes and for all other purposes, and none of
the Trustee, any Agent or the Company shall be affected by notice to the contrary. 
 (7) The Trustee will authenticate Global Notes and
Definitive Notes in accordance with the provisions of Section 202 hereof. 

  
 -41- 

 (8) All certifications and certificates required to be submitted to the Note Registrar pursuant
to this Section 311 to effect a registration of transfer or exchange may be submitted by facsimile. 
 (9) The Trustee shall have no
obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or
among Depositary Participants or beneficial owners of interests in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by
the terms of, this Indenture, and to examine the same to determine compliance as to form with the express requirements hereof. 
 (10)
Neither the Trustee nor any Agent shall have any responsibility for any actions taken or not taken by the Depositary. 
 SECTION 312.
CUSIP Numbers. 
 The Company in issuing the Notes may use “CUSIP,” “ISIN” or other numbers (if then generally in
use) in addition to serial numbers, and, if so, the Trustee shall use such “CUSIP,” “ISIN” or other numbers in addition to serial numbers in notices of redemption, repurchase or other notices to Holders as a convenience to
Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice of a redemption or repurchase and that reliance may be placed
only on the serial or other identification numbers printed on the Notes, and any such redemption or repurchase shall not be affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee in writing of any change
in the CUSIP, ISIN or other numbers. 
 SECTION 313. Issuance of Additional Notes. 

The Company may, subject to Section 1011 of this Supplemental Indenture, issue from time to time, without notice to or consent of the
Holders additional Notes having identical terms and conditions to the Initial Notes, other than with respect to the date of issuance and issue price and first payment of interest (the “Additional Notes”). The Initial Notes and any
Additional Notes subsequently issued shall be treated as a single class for all purposes under this Supplemental Indenture. 
 With respect
to any Additional Notes, the Company shall set forth in an Officers’ Certificate pursuant to a resolution of the Board of Directors of the Company, copies of which shall be delivered to the Trustee, the following information: 

(1) the aggregate principal amount of such Additional Notes to be authenticated and delivered pursuant to this Supplemental
Indenture; and 
 (2) the issue price, the issue date and the CUSIP number of such Additional Notes. 

ARTICLE FOUR 

SATISFACTION AND DISCHARGE 

Each of Sections 12.02 and 12.07 of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except
as described in, and to the extent of, this Article Four. 

  
 -42- 

 SECTION 401. Satisfaction and Discharge of Indenture. 

This Supplemental Indenture shall upon Company Request be discharged and will cease to be of further effect as to the Notes issued hereunder
(except as to surviving rights of registration of transfer or exchange of Notes expressly provided for herein or pursuant hereto) and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and
discharge of this Supplemental Indenture when: 
 (1) either 

(a) all Notes theretofore authenticated and delivered (other than (i) Notes which have been destroyed, lost or stolen and
which have been replaced or paid as provided in Section 306 and (ii) Notes for whose payment money has theretofore been deposited in trust with the Trustee or any Paying Agent or segregated and held in trust by the Company and thereafter
repaid to the Company or discharged from such trust, as provided in Section 1003) have been delivered to the Trustee for cancellation; or 

(b) all such Notes not theretofore delivered to the Trustee for cancellation 

(i) have become due and payable by reason of the making of a notice of redemption pursuant to Section 1106 or otherwise,
or 
 (ii) will become due and payable at their Stated Maturity within one year, or 

(iii) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice
of redemption by the Trustee in the name, and at the expense, of the Company, 
 and the Company, in the case of (i), (ii) or
(iii) above, has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders, cash in U.S. dollars, Government Securities, or a combination thereof, in such amounts as will be
sufficient without consideration of any reinvestment of interest to pay and discharge the entire indebtedness on such Notes not theretofore delivered to the Trustee for cancellation, for principal (and premium, if any) and accrued interest to the
Stated Maturity or the Redemption Date, as the case may be; 
 (2) no Default or Event of Default with respect to the
Outstanding Notes (other than that resulting from borrowing funds to be applied to make such deposit or the granting of Liens in connection therewith) shall have occurred and be continuing on the date of such deposit or shall occur as a result of
such deposit and such deposit shall not result in a breach or violation of, or constitute a default under, any other instrument to which the Company is a party or by which the Company is bound (other than an instrument to be terminated
contemporaneously with or prior to the borrowing of funds to be applied to make such deposit and the granting of Liens in connection therewith); 

(3) the Company has paid or caused to be paid all sums payable by it under this Supplemental Indenture with respect to the
Notes; 

  
 -43- 

 (4) the Company has delivered irrevocable instructions to the Trustee under this
Supplemental Indenture to apply the deposited money toward the payment of such Notes at the Stated Maturity or the Redemption Date, as the case may be; and 

(5) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent herein to the satisfaction and discharge of this Supplemental Indenture have been complied with. 
 Notwithstanding the
satisfaction and discharge of this Supplemental Indenture, the obligations of the Company to the Trustee under Section 607, the obligations of the Company to any Authenticating Agent under Section 612 and, if money or Government Securities
shall have been deposited with the Trustee pursuant to subclause (b) of clause (1) of this Section, the obligations of the Trustee under Section 402 and the last paragraph of Section 1003 shall survive such satisfaction and
discharge. 
 SECTION 402. Application of Trust Money. 

Subject to the provisions of the last paragraph of Section 1003, all money or Government Securities deposited with the Trustee pursuant to
Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Supplemental Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying
Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money or Government Securities has been deposited with the Trustee; but such money or Government
Securities need not be segregated from other funds except to the extent required by law. 
 If the Trustee or Paying Agent is unable to
apply any money or Government Securities in accordance with Section 401 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such
application, the Company’s obligations under this Supplemental Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 401 until such time as the Trustee or Paying Agent is permitted to
apply all such money or Government Securities in accordance with Section 401; provided that if the Company has made any payment of principal of, premium, if any, or interest on any Notes because of the reinstatement of its obligations,
the Company shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money or Government Securities held by the Trustee or Paying Agent. 

ARTICLE FIVE 
 REMEDIES

 Article VII of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as
described in, and to the extent of, this Article Five. 
 SECTION 501. Events of Default. 

“Event of Default,” wherever used herein, means one of the following events with respect to the Notes (whatever the reason for such
Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 

  
 -44- 

 (1) default in payment when due and payable, upon redemption, acceleration or
otherwise, of principal of, or premium, if any, on the Notes issued under this Supplemental Indenture; 
 (2) default for 30
days or more in the payment when due of interest on or with respect to the Notes issued under this Supplemental Indenture; 

(3) failure by the Company for 60 days after receipt of written notice given by the Trustee or the Holders of at least 25% in
principal amount of the Notes then outstanding and issued under the Indenture to comply with any of its other agreements in the Indenture or the Notes; 

(4) default under any mortgage, indenture or instrument under which there is issued or by which there is secured or evidenced
any Indebtedness for money borrowed by the Company or any Restricted Subsidiary or the payment of which is guaranteed by the Company or any Restricted Subsidiary, other than Indebtedness owed to the Company or a Restricted Subsidiary, whether such
Indebtedness or guarantee now exists or is created after the issuance of the Notes, if both 
 (A) such default either
(x) results from the failure to pay any such Indebtedness at its stated final maturity (after giving effect to any applicable grace periods) or (y) relates to an obligation other than the obligation to pay principal of any such
Indebtedness at its stated final maturity and results in the holder or holders of such Indebtedness causing such Indebtedness to become due prior to its stated maturity; and 

(B) the principal amount of such Indebtedness, together with the principal amount of any other such Indebtedness in default for
failure to pay principal at stated final maturity (after giving effect to any applicable grace periods), or the maturity of which has been so accelerated, aggregate $50.0 million or more at any one time outstanding; 

(5) failure by the Company or any Significant Subsidiary to pay final judgments aggregating in excess of $50.0 million, which
final judgments remain unpaid, undischarged and unstayed for a period of more than 60 days after such judgment becomes final, and in the event such judgment is covered by insurance, an enforcement proceeding has been commenced by any creditor upon
such judgment or decree which is not promptly stayed; or 
 (6) any of the following events with respect to the Company or
any Significant Subsidiary: 
 (A) the Company or any Significant Subsidiary pursuant to or within the meaning of any
Bankruptcy Law 
 (i) commences a voluntary case; 

(ii) consents to the entry of an order for relief against it in an involuntary case; 

(iii) consents to the appointment of a custodian of it or for any substantial part of its property; 

  
 -45- 

 (iv) takes any comparable action under any foreign laws relating to insolvency;
or 
 (B) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(i) is for relief against the Company or any Significant Subsidiary in an involuntary case; 

(ii) appoints a custodian of the Company or any Significant Subsidiary or for any substantial part of its property; or 

(iii) orders the winding up or liquidation of the Company or any Significant Subsidiary; 

(iv) and the order or decree remains undischarged, unstayed or unremedied and in effect for 60 consecutive days. 

SECTION 502. Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default (other than an Event of Default specified in Section 501(6) above) with respect to the Notes occurs and is
continuing, then and in every such case the Trustee or the Holders of at least 25% in principal amount of the Outstanding Notes issued under the Indenture may declare the principal, premium, if any, interest and any other monetary obligations on all
the Outstanding Notes to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders). 

Upon the effectiveness of such declaration, such principal and interest will be due and payable immediately. Notwithstanding the foregoing, if
an Event of Default specified in Section 501(6) above occurs and is continuing, then the principal amount of all Outstanding Notes shall ipso facto become and be immediately due and payable without any notice, declaration or other act on the
part of the Trustee or any Holder. 
 At any time after a declaration of acceleration has been made and before a judgment or decree for
payment of the money due has been obtained by the Trustee as hereinafter provided in this Article, the Holders of a majority in aggregate principal amount of the Outstanding Notes by written notice to the Company and the Trustee, may rescind and
annul such declaration and its consequences except a continuing Default or Event of Default in the payment of interest on, premium, if any, or the principal of any such Note held by a non-consenting Holder. No such rescission shall affect any
subsequent default or impair any right consequent thereon. 
 Notwithstanding the preceding paragraph, in the event of any Event of Default
specified in Section 501(4) above with respect to the Notes, such Event of Default and all consequences thereof (excluding any resulting payment default, other than as a result of the acceleration of the Notes) shall be annulled, waived and
rescinded, automatically and without any action by the Trustee or the Holders, if within 20 days after such Event of Default arose, 

(x) the Indebtedness or guarantee that is the basis for such Event of Default has been discharged, or 

  
 -46- 

 (y) the holders thereof have rescinded or waived the acceleration, notice or
action (as the case may be) giving rise to such Event of Default, or 
 (z) if the default that is the basis for such Event
of Default has been cured. 
 SECTION 503. Collection of Indebtedness and Suits for Enforcement by Trustee. 

The Company covenants that if an Event of Default specified in Section 501(1) or 501(2) hereof occurs and is continuing with respect to
the Notes, the Company will, upon demand of the Trustee, pay to the Trustee for the benefit of the Holders of such Notes, the whole amount then due and payable on such Notes for principal (and premium, if any) and interest, and interest on any
overdue principal (and premium, if any) and, to the extent that payment of such interest shall be legally enforceable, upon any overdue installment of interest, at the rate borne by such Notes, and, in addition thereto, such further amount as shall
be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name as trustee of an express trust, may
institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other obligor upon the Notes and collect the moneys
adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Notes, wherever situated. 

If an Event of Default occurs and is continuing with respect to the Notes, the Trustee may in its discretion proceed to protect and enforce
its rights and the rights of the Holders under the Indenture and the Note Guarantees by such appropriate judicial proceedings as the Trustee shall deem necessary to protect and enforce any such rights whether for the specific enforcement of any
covenant or agreement in the Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 

SECTION 504. Trustee May File Proofs of Claim. 

In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial proceeding relative to the Company or any other obligor, upon the Notes or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Notes shall then be due and
payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal, premium, if any, or interest) shall be entitled and empowered, by
intervention in such proceeding or otherwise, 
 (i) to file and prove a claim for the whole amount of principal (and
premium, if any) and interest owing and unpaid in respect of the Notes and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and 

(ii) to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same;

 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or similar official in any such judicial proceeding is hereby authorized by each
Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay the Trustee any amount due it for the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, and any other amounts due the Trustee hereunder. 

  
 -47- 

 Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or
accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any such
proceeding. 
 SECTION 505. Trustee May Enforce Claims Without Possession of Notes. 

All rights of action and claims under the Indenture or the Notes may be prosecuted and enforced by the Trustee without the possession of any of
the Notes or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name and as trustee of an express trust, and any recovery of judgment shall, after provision for
the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders in respect of which such judgment has been recovered. 

SECTION 506. Application of Money Collected. 

Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee
and, in case of the distribution of such money on account of principal (or premium, if any) or interest, upon presentation of the Notes and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 

FIRST: To the payment of all amounts due the Trustee (in its capacity as Trustee, Paying Agent and/or Note Registrar, as
applicable) under Section 607; 
 SECOND: To the payment of the amounts then due and unpaid for principal of (and
premium, if any) and interest on the Notes in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Notes for principal (and
premium, if any) and interest, respectively; and 
 THIRD: The balance, if any, to the Company or any other obligor on
the Notes, as their interests may appear or as a court of competent jurisdiction may direct in writing; provided that all sums due and owing to the Holders and the Trustee have been paid in full as required by this Supplemental Indenture.

 SECTION 507. Limitation on Suits. 

No Holder of any Notes 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: 
 (1) such Holder has previously given
written notice to the Trustee of a continuing Event of Default; 
 (2) the Holders of not less than 25% in principal amount
of the Outstanding Notes shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

  
 -48- 

 (3) such Holder or Holders have offered to the Trustee indemnity reasonably
satisfactory to it against the costs, expenses and liabilities to be incurred in compliance with such request; 
 (4) the
Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and 

(5) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders
of a majority or more in principal amount of the Outstanding Notes; 
 it being understood and intended that no one or more Holders shall have any right in
any manner whatever by virtue of, or by availing of, any provision of the Indenture or the Note Guarantees to affect, disturb or prejudice the rights of any other Holders, or to obtain or to seek to obtain priority or preference over any other
Holders or to enforce any right under the Indenture or the Note Guarantees, except in the manner herein provided and for the equal and ratable benefit of all the Holders (it being further understood that the Trustee does not have an affirmative duty
to ascertain whether or not such actions or forbearances are unduly prejudicial to such Holders). 
 SECTION 508. Unconditional Right of
Holders To Receive Principal, Premium and Interest. 
 Notwithstanding any other provision in the Indenture, the Holder of any Note shall
have the right, which is absolute and unconditional, to receive payment, as provided herein (including, if applicable, Article Eleven) and in such Note of the principal of (and premium, if any) and (subject to Section 307) interest on such Note
on the respective Stated Maturities expressed in such Note (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such
Holder. 
 SECTION 509. Restoration of Rights and Remedies. 

If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under the Indenture or the Note Guarantees and such
proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, any other obligor of the
Notes, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been
instituted. 
 SECTION 510. Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes in the last paragraph of
Section 306, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in
addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or
employment of any other appropriate right or remedy. 

  
 -49- 

 SECTION 511. Delay or Omission Not Waiver. 

No delay or omission of the Trustee or of any Holder of any Note to exercise any right or remedy accruing upon any Event of Default shall
impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often
as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 SECTION 512. Control by Holders. 

The Holders of not less than a majority in principal amount of the Outstanding Notes shall have the right to direct the time, method and place
of conducting any proceeding for exercising any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, provided that: 

(1) such direction shall not be in conflict with any rule of law or with the Indenture, 

(2) subject to Section 315 of the Trust Indenture Act, the Trustee may take any other action deemed proper by the Trustee
which is not inconsistent with such direction, and 
 (3) the Trustee need not take any action which might involve it in
personal liability or be unjustly prejudicial to the Holders not consenting. 
 SECTION 513. Waiver of Past Defaults. 

Subject to Sections 502, 508 and 902, the Holders of not less than a majority in principal amount of the Outstanding Notes may on behalf of the
Holders of all such Notes waive any past Default hereunder and its consequences, except a continuing Default or Event of Default (1) in respect of the payment of interest on, premium, if any, or the principal of any such Note held by a
non-consenting Holder, or (2) in respect of a covenant or provision hereof which under Article Nine cannot be modified or amended without the consent of the Holder of each Outstanding Note affected. 

Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for
every purpose of the Indenture, but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereon. 

SECTION 514. Waiver of Stay or Extension Laws. 

Each of the Company and any other obligor on the Notes covenants (to the extent that it may lawfully do so) that it will not at any time insist
upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of the Indenture; and each of
the Company and any other obligor on the Notes (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein
granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 

  
 -50- 

 ARTICLE SIX 

THE TRUSTEE 
 Article XI
of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as described in, and to the extent of, this Article Six. 

SECTION 601. Duties of the Trustee. 

(a) Except during the continuance of a Default or an Event of Default, 

(1) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Supplemental
Indenture, and no implied covenants or obligations shall be read into this Supplemental Indenture against the Trustee; and 

(2) in the absence of bad faith or willful misconduct on its part, the Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Supplemental Indenture; but in the case of any such certificates or opinions
specifically required by any provision hereof to be provided to it, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Supplemental Indenture, but not to verify the contents
thereof. 
 (b) In case a Default or an Event of Default has occurred and is continuing of which a Responsible Officer of the Trustee has
actual knowledge or of which written notice of such Default or Event of Default shall have been given to the Trustee by the Company, any other obligor of the Notes or by any Holder, the Trustee shall exercise such of the rights and powers vested in
it by this Supplemental Indenture, and use the same degree of care and skill in their exercise, as a prudent Person would exercise or use under the circumstances in the conduct of such Person’s own affairs. 

(c) No provision of this Supplemental Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own
negligent failure to act, or its own willful misconduct, except that 
 (1) this paragraph (c) shall not be construed to
limit the effect of paragraph (a) of this Section; 
 (2) the Trustee shall not be liable for any error of judgment made
in good faith by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 

(3) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance
with the direction of the Holders of a majority in aggregate principal amount of the Outstanding Notes relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power
conferred upon the Trustee, under this Supplemental Indenture; and 
 (4) no provision of this Supplemental Indenture shall
require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing
that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 

  
 -51- 

 (d) Whether or not therein expressly so provided, every provision of this Supplemental Indenture
relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 

SECTION 602. Notice of Defaults. 

Within thirty days after the earlier of receipt from the Company of notice of the occurrence of any Default or Event of Default hereunder or
the date when such Default or Event of Default becomes known to the Trustee, the Trustee shall transmit, in the manner and to the extent provided in TIA Section 313(c), notice of such Default or Event of Default hereunder known to the Trustee,
unless such Default or Event of Default shall have been cured or waived; provided, however, that, except in the case of a Default or Event of Default in the payment of the principal of (or premium, if any, on) or interest on any Note,
the Trustee shall be protected in withholding such notice if and so long it in good faith determine that the withholding of such notice is in the interest of the Holders. 

SECTION 603. Certain Rights of Trustee. 

Subject to the provisions of TIA Sections 315(a) through 315(d): 

(1) the Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document (whether in original or facsimile form) believed by it to be genuine
and to have been signed or presented by the proper party or parties; 
 (2) any request or direction of the Company mentioned
herein shall be sufficiently evidenced by a Company Request or Company Order and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 

(3) whenever in the administration of this Supplemental Indenture the Trustee shall deem it desirable that a matter be proved
or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon an Officers’ Certificate; 

(4) the Trustee may consult with counsel of its own selection and the advice of such counsel or any Opinion of Counsel with
respect to legal matters relating to this Supplemental Indenture and the Notes shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 

(5) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Supplemental
Indenture at the request or direction of any of the Holders pursuant to this Supplemental Indenture, unless such Holders shall have offered to the Trustee security or indemnity reasonably satisfactory to it against the costs, expenses, losses and
liabilities which might be incurred by it in compliance with such request or direction; 
 (6) the Trustee shall not be bound
to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or
document, 

  
 -52- 

 
but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry
or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney at the expense of the Company and shall incur no liability of any kind by reason of such inquiry or investigation;

 (7) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or
through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; 

(8) the Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and believed by it to be
authorized or within the discretion or rights or powers conferred upon it by this Supplemental Indenture; 
 (9) the rights,
privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent,
custodian and other Person employed to act hereunder; 
 (10) the Trustee may request that the Company deliver an
Officers’ Certificate substantially in the Form of Exhibit B hereto setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Supplemental Indenture, which
Officers’ Certificate may be signed by any person authorized to sign an Officers’ Certificate, including any person specified as so authorized in any such certificate previously delivered and not superseded; 

(11) in no event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of
any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action; and 

(12) the Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties
hereunder. 
 The Trustee shall not be required to expend or risk its own funds or otherwise incur any financial liability in the
performance of any of its duties hereunder, or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably
assured to it. 
 The Trustee shall not be deemed to have notice or knowledge of any Default or Event of Default unless a Responsible
Officer of the Trustee has received written notice of any event which is in fact such a Default or Event of Default at the Corporate Trust Office of the Trustee, and such notice references the Notes and this Supplemental Indenture. 

SECTION 604. Trustee Not Responsible for Recitals or Issuance of Notes. 

The recitals contained herein and in the Notes, except for the Trustee’s certificates of authentication, shall be taken as the statements
of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture or of the Notes, except that the Trustee represents that it is
duly authorized to execute 

  
 -53- 

 
and deliver this Supplemental Indenture, authenticate the Notes and perform its obligations hereunder and that the statements made by it in a “Statement of Eligibility” on Form T-1
supplied to the Company are true and accurate, subject to the qualifications set forth therein. The Trustee shall not be accountable for the use or application by the Company of Notes or the proceeds thereof. 

SECTION 605. May Hold Notes. 

The Trustee, any Paying Agent, any Note Registrar or any other agent of the Company or of the Trustee, in its individual or any other capacity,
may become the owner or pledgee of Notes and, subject to TIA Sections 310(b) and 311, may otherwise deal with the Company with the same rights it would have if it were not the Trustee, Paying Agent, Note Registrar or such other agent;
provided, however, that, if it acquires any conflicting interest, it must eliminate such conflict within 90 days, apply to the Commission for permission to continue or resign. 

SECTION 606. Money Held in Trust. 

Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be
under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company. 
 SECTION
607. Compensation and Reimbursement. 
 The Company agrees: 

(1) to pay to the Trustee from time to time such compensation as shall be agreed in writing between the Company and the Trustee
for all services rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 

(2) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses,
disbursements and advances incurred or made by the Trustee in accordance with any provision of this Supplemental Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense,
disbursement or advance as shall be determined to have been caused by its own negligence or willful misconduct; and 
 (3) to
indemnify the Trustee and its officers, directors, agents and employees and any predecessor Trustee for, and to hold it harmless against, any and all loss, liability, claim, damage or expense, including taxes (other than the taxes based on the
income of the Trustee) incurred without negligence or willful misconduct on its part, arising out of or in connection with the acceptance or administration of this trust, including the costs and expenses of defending itself against any claim
regardless of whether the claim is asserted by the Company, a Holder or any other Person or liability in connection with the exercise or performance of any of its powers or duties hereunder. The Trustee will notify the Company promptly of any claim
for which it may seek indemnity. Failure by the Trustee to so notify the Company will not relieve the Company of its obligations hereunder. The Company will defend the claim and the Trustee will cooperate in the defense. The Trustee shall have the
right to employ separate counsel at the expense of the Company if in the judgment of the Trustee (i) a conflict of interest exists by reason of common representation, (ii) there are legal defenses available to the Trustee that are
different from or in addition to those available to the Company or (iii) if all parties commonly represented do not agree to the action (or inaction) of counsel. The Company need not pay for any settlement made

  
 -54- 

 
without its consent, which consent will not be unreasonably withheld. The Company need not reimburse any expense or indemnify against any loss, liability or expense incurred by the Trustee
through the Trustee’s own willful misconduct or negligence. 
 The obligations of the Company under this Section to compensate the
Trustee, to pay or reimburse the Trustee for expenses, disbursements and advances and to indemnify and hold harmless the Trustee shall constitute additional indebtedness hereunder and shall survive the satisfaction and discharge of this Supplemental
Indenture and resignation or removal of the Trustee. As security for the performance of such obligations of the Company, the Trustee shall have a claim prior to the Notes upon all property and funds held or collected by the Trustee as such, except
funds held in trust for the payment of principal of (and premium, if any) or interest on particular Notes. 
 When the Trustee incurs
expenses or renders services in connection with an Event of Default specified in Section 501(6), the expenses (including the reasonable charges and expenses of its counsel) of and the compensation for such services are intended to constitute
expenses of administration under any applicable Federal or State bankruptcy, insolvency or other similar law. 
 The provisions of this
Section shall survive the termination of this Supplemental Indenture, the resignation or removal of the Trustee and the satisfaction and discharge of this Supplemental Indenture. 

SECTION 608. Corporate Trustee Required; Eligibility. 

There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Sections 310(a)(1), (2) and
(5) and shall have a combined capital and surplus of at least $150,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of Federal, State, territorial or District of Columbia
supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published.
If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 

SECTION 609. Resignation and Removal; Appointment of Successor. 

(a) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until
the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 610. 
 (b) The
Trustee may resign at any time by giving written notice thereof to the Company. Upon receiving such notice of resignation, the Company shall promptly appoint a successor trustee by written instrument executed by authority of the Board of Directors,
a copy of which shall be delivered to the resigning Trustee and a copy to the successor trustee. If the instrument of acceptance by a successor Trustee required by Section 610 shall not have been delivered to the Trustee within 30 days after
the giving of such notice of resignation, the resigning Trustee may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee. 

(c) The Trustee may be removed at any time by Act of the Holders of not less than a majority in principal amount of Outstanding Notes,
delivered to the Trustee and to the Company. If the instrument of acceptance by a successor Trustee required by Section 610 shall not have been delivered to the Trustee within 30 days after the giving of such notice of resignation, the
resigning Trustee may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee. 

  
 -55- 

 (d) If at any time: 

(1) the Trustee shall fail to comply with the provisions of TIA Section 310(b) after written request therefor by the
Company or by any Holder who has been a bona fide Holder of a Note for at least six months, or 
 (2) the Trustee shall cease
to be eligible under Section 608 and shall fail to resign after written request therefor by the Company or by any Holder who has been a bona fide Holder of a Note for at least six months, or 

(3) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or
of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 

then, in any such case, (i) the Company, by a Board Resolution, may remove the Trustee, or (ii) subject to TIA Section 315(e), any Holder who
has been a bona fide Holder of a Note for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

(e) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause,
the Company shall promptly appoint a successor Trustee. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee shall be appointed by Act of the Holders of a majority in principal
amount of the Outstanding Notes delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment, become the successor Trustee and supersede the successor Trustee
appointed by the Company. If no successor Trustee shall have been so appointed by the Company or the Holders and accepted appointment in the manner hereinafter provided, the Trustee or any Holder who has been a bona fide Holder of a Note for at
least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee. 

(f) The Company shall give notice of each resignation and each removal of the Trustee and each appointment of a successor Trustee to the
Holders in the manner provided for in Section 1305. Each notice shall include the name of the successor Trustee and the address of its Corporate Trust Office. 

SECTION 610. Acceptance of Appointment by Successor. 

(a) Every successor Trustee appointed hereunder shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument
accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and
duties of the retiring Trustee; but, on request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and
trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. Upon request of any such successor Trustee, the Company shall execute any and all
instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts. The retiring Trustee shall have no responsibility or liability for the action or inaction of any successor Trustee. 

  
 -56- 

 (b) Upon request of any such successor Trustee, the Company shall execute any and all instruments
for more fully and certainly vesting in and confirming to such successor Trustee all rights, powers and trusts referred to in paragraph (a) of this Section. 

(c) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and
eligible under this Article. 
 SECTION 611. Merger, Conversion, Consolidation or Succession to Business. 

Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided
such corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Notes shall have been authenticated, but not
delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Notes so authenticated with the same effect as if such successor Trustee had
itself authenticated such Notes. In case at that time any of the Notes shall not have been authenticated, any successor Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor Trustee. In
all such cases such certificates shall have the full force and effect which this Supplemental Indenture provides for the certificate of authentication of the Trustee shall have; provided, however, that the right to adopt the
certificate of authentication of any predecessor Trustee or to authenticate Notes in the name of any predecessor Trustee shall apply only to its successor or successors by merger, conversion or consolidation. 

SECTION 612. Appointment of Authenticating Agent. 

At any time when any of the Notes remain Outstanding, the Trustee may appoint an Authenticating Agent or Agents with respect to the Notes which
shall be authorized to act on behalf of the Trustee to authenticate Notes and the Trustee shall give written notice of such appointment to all Holders of Notes with respect to which such Authenticating Agent will serve, in the manner provided for in
Section 1305. Notes so authenticated shall be entitled to the benefits of this Supplemental Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Any such appointment shall be evidenced by an
instrument in writing signed by a Responsible Officer of the Trustee, and a copy of such instrument shall be promptly furnished to the Company. Wherever reference is made in this Supplemental Indenture to the authentication and delivery of Notes by
the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the
Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States of America, any state thereof or the District
of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $150,000,000 and subject to supervision or examination by Federal or state authority. If such corporation publishes
reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined
capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and
with the effect specified in this Section. 

  
 -57- 

 Any corporation into which an Authenticating Agent may be merged or converted or with which it
may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to all or substantially all the corporate agency or corporate trust
business of an Authenticating Agent, shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the
Trustee or the Authenticating Agent. 
 An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and
to the Company. The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or
in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall give written
notice of such appointment to all Holders of Notes, in the manner provided for in Section 1305. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its
predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section. 

The Company agrees to pay to each Authenticating Agent from time to time such compensation for its services under this Section as shall be
agreed in writing between the Company and such Authenticating Agent. 
 If an appointment is made pursuant to this Section, the Notes may
have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternate certificate of authentication in the following form: 

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

 

					
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	[                    ], as Authenticating Agent
		
	By:	 	  

		 	as Authorized Signatory

 SECTION 613. Force Majeure. 

In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of
or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and
interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to
resume performance as soon as practicable under the circumstances. 

  
 -58- 

 ARTICLE SEVEN 

HOLDERS LISTS AND REPORTS BY TRUSTEE AND COMPANY 

Article X of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as described in, and
to the extent of, this Article Seven. 
 SECTION 701. Company To Furnish Trustee Names and Addresses. 

The Trustee will preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of
all Holders and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar, the Company will furnish to the Trustee at least seven Business Days before each interest payment date and at such other times as the Trustee
may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of the Holders of Notes and the Company shall otherwise comply with TIA § 312(a). 

SECTION 702. Disclosure of Names and Addresses of Holders. 

Every Holder of Notes, by receiving and holding the same, agrees with the Company and the Trustee that none of the Company or the Trustee or
any agent of either of them shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders in accordance with TIA Section 312, regardless of the source from which such information was
derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under TIA Section 312(b). 

SECTION 703. Reports by Trustee. 

Within 60 days after May 15 of each year commencing with the first May 15 after the first issuance of Notes pursuant to this
Supplemental Indenture, the Trustee shall transmit to the Holders of Notes (with a copy to the Company at the Place of Payment), in the manner and to the extent provided in TIA Section 313(c), a brief report dated as of such May 15 if
required by TIA Section 313(a). 
 ARTICLE EIGHT 

AMALGAMATION, MERGER, CONSOLIDATION OR 

SALE OF ALL OR SUBSTANTIALLY ALL ASSETS 

Section 6.04 of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as described
in, and to the extent of, this Article Eight. 
 SECTION 801. Company May Consolidate, Etc., Only on Certain Terms. 

The Company may not consolidate, amalgamate or merge with or into or wind up into (whether or not the Company is the surviving corporation), or
sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets in one or more related transactions, to any Person unless: 

(1) the Company is the surviving corporation or the Person formed by or surviving any such consolidation, amalgamation or
merger (if other than the Company) or to which such sale, assignment, transfer, lease, conveyance or other disposition will have been made is a Person organized or existing under the laws of a Permitted Jurisdiction (such Person, as the case may be,
being herein called the “Successor Company”); 

  
 -59- 

 (2) the Successor Company, if other than the Company, expressly assumes all the
obligations of the Company under this Supplemental Indenture and the Notes pursuant to supplemental indentures or other documents or instruments in form reasonably satisfactory to the Trustee; 

(3) immediately after such transaction no Default or Event of Default exists; 

(4) immediately after giving pro forma effect to such transaction, as if such transaction had occurred at the beginning
of the applicable four-quarter period, 
 (A) the Successor Company would be permitted to incur at least $1.00 of additional
Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in Section 1011(a) or 
 (B) the Fixed Charge
Coverage Ratio for the Successor Company and the Restricted Subsidiaries would be not less than such ratio for the Company and the Restricted Subsidiaries immediately prior to such transaction; and 

(5) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that
such consolidation, amalgamation, merger or transfer and such supplemental indentures, if any, comply with this Supplemental Indenture and, if a supplemental indenture is required in connection with such transaction, such supplement shall comply
with the applicable provisions of this Supplemental Indenture. 
 The Successor Company shall succeed to, and be substituted for the Company
under this Supplemental Indenture and the Notes. Notwithstanding the foregoing clauses (3) and (4), 
 (a) any
Restricted Subsidiary may consolidate with, amalgamate or merge into or transfer all or part of its properties and assets to the Company; and 

(b) the Company may amalgamate or merge with an Affiliate incorporated solely for the purpose of reincorporating the Company in
any Permitted Jurisdiction so long as the amount of Indebtedness of the Company and the Restricted Subsidiaries is not increased thereby. 

SECTION 802. Successor Substituted. 

Upon any consolidation, amalgamation or merger, or any sale, assignment, conveyance, transfer, lease or disposition of all or substantially all
of the assets of the Company in accordance with Sections 801 hereof, the successor Person formed by such consolidation or into which the Company, as the case may be, is amalgamated or merged or the successor Person to which such sale, assignment,
conveyance, transfer, lease or disposition is made, shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Supplemental Indenture and/or the Note Guarantees, as the case may be, with the same
effect as if such successor Person had been named as the Company herein and/or the Note Guarantees, as the case may be. When a successor Person assumes all obligations of its predecessor hereunder, the Notes, as the case may be, such predecessor
shall be released from all obligations; provided that in the event of a transfer or lease, the predecessor shall not be released from the payment of principal and interest or other obligations on the Notes or the Note Guarantees, as the case
may be. 

  
 -60- 

 ARTICLE NINE 

SUPPLEMENTAL INDENTURES 

Article XIV of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as described in, and
to the extent of, this Article Nine. 
 SECTION 901. Amendments or Supplements Without Consent of Holders. 

Without the consent of any Holders of Notes, the Company and the Trustee, at any time and from time to time, may amend or supplement the Base
Indenture (as it relates to the Notes), this Supplemental Indenture or the Notes for any of the following purposes: 
 (1) to
cure any ambiguity, omission, mistake, defect or inconsistency; 
 (2) to provide for uncertificated Notes in addition to or
in place of certificated Notes; 
 (3) to comply with Article Eight hereof; 

(4) to provide for the assumption of the Company’s obligations to Holders; 

(5) to make any change that would provide any additional rights or benefits to the Holders or that does not adversely affect
the rights under the Base Indenture or this Supplemental Indenture of any such Holder; 
 (6) to add covenants for the
benefit of the Holders or to surrender any right or power, conferred in the Base Indenture (as it relates to the Notes) or this Supplemental Indenture, upon the Company; 

(7) to comply with requirements of the Commission in order to effect or maintain the qualification of the Base Indenture (as it
relates to the Notes) and this Supplemental Indenture under the Trust Indenture Act; 
 (8) to evidence and provide for the
acceptance and appointment under this Supplemental Indenture of a successor Trustee pursuant to the requirements of Sections 609 and 610; 

(9) to add guarantees of the Notes under this Supplemental Indenture in accordance with the terms of this Supplemental
Indenture; or 
 (10) to conform the text of this Supplemental Indenture or the Notes to any provision of the
“Description of the Notes” section of the Prospectus to the extent that such provision in the “Description of the Notes” was intended to be a verbatim recitation of a provision of this Supplemental Indenture or the Notes as
evidenced in an Officers’ Certificate. 
 SECTION 902. Amendments, Supplements or Waivers with Consent of Holders. 

With the consent of the Holders of not less than a majority in principal amount of the Outstanding Notes, by Act of such Holders delivered to
the Company and the Trustee, the Company and the Trustee may amend or supplement the Base Indenture (as it relates to the Notes), this Supplemental Indenture, any Note Guarantee or the Notes for the purpose of adding any provisions hereto or
thereto, changing in any manner or eliminating any of the provisions or of modifying in any manner the rights of 

  
 -61- 

 
the Holders hereunder or thereunder and any existing Default, Event of Default or compliance with any provision of the Base Indenture (as it relates to the Notes), this Supplemental Indenture or
the Notes may be waived with the consent of the Holders of not less than a majority in principal amount of the Outstanding Notes (including, without limitation, consents obtained in connection with a purchase of or tender offer or exchange offer for
Notes); provided, however, that no such amendment, supplement or waiver shall, without the consent of the Holder of each Outstanding Note affected thereby: 

(1) reduce the principal amount of Notes whose Holders must consent to an amendment, supplement or waiver, 

(2) reduce the principal of or change the Maturity of any such Note or alter or waive the provisions with respect to the
redemption of the Notes (other than Sections 1016 and 1017), 
 (3) reduce the rate of or change the time for payment of
interest on any Note, 
 (4) waive a Default or Event of Default in the payment of principal of or premium, if any, or
interest on the Notes issued under this Supplemental Indenture, except a rescission of acceleration of the Notes by the Holders of at least a majority in aggregate principal amount of such Notes and a waiver of the payment default that resulted from
such acceleration, or in respect of a covenant or provision contained in the Base Indenture (as it relates to the Notes) or this Supplemental Indenture which cannot be amended or modified without the consent of all Holders, 

(5) make any Note payable in money other than that stated in the Notes, 

(6) make any change in Section 513 or the rights of Holders to receive payments of principal of or premium, if any, or
interest on the Notes, 
 (7) make any change in these amendment and waiver provisions with respect to Notes, 

(8) impair the right of any Holder to receive payment of principal of, or interest on such Holder’s Notes on or after the
due dates therefor or to institute suit for the enforcement of any payment on or with respect to such Holder’s Notes, or 

(9) make any change to or modify the ranking of the Notes that would adversely affect the Holders. 

It is not necessary for the consent of the Holders of the Notes under this Section 902 to approve the particular form of any proposed
amendment, but it is sufficient if such consent approves the substance thereof. 
 SECTION 903. Execution of Amendments, Supplements or
Waivers. 
 In executing, or accepting the additional trusts created by any amendment, supplement or waiver permitted by this Article or
the modifications thereby of the trusts created by this Supplemental Indenture, the Trustee shall be provided with, and shall be fully protected in relying upon, an Officers’ Certificate and Opinion of Counsel stating that the execution of such
amendment, supplement or waiver is authorized or permitted by this Supplemental Indenture and that such amendment, supplement or waiver constitutes the legal, valid, binding and enforceable obligations of the parties (other than the Trustee) signing
such amendment. The Trustee may, but shall not be obligated to, enter into any such amendment, supplement or waiver which affects the Trustee’s own rights, duties or immunities under this Supplemental Indenture or otherwise. 

  
 -62- 

 SECTION 904. Effect of Amendments, Supplements or Waivers. 

Upon the execution of any supplemental indenture under this Article, this Supplemental Indenture shall be modified in accordance therewith, and
such amendment, supplement or waiver shall form a part of this Supplemental Indenture for all purposes; and every Holder of Notes theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 

SECTION 905. Conformity with Trust Indenture Act. 

Every supplemental indenture executed pursuant to the Article shall conform to the requirements of the Trust Indenture Act as then in effect.

 SECTION 906. Reference in Notes to Supplemental Indentures. 

Notes authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall if required by the
Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Notes so modified as to conform, in the opinion of the Trustee and the Company, to any such
supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Notes. Failure to make the appropriate notation or issue a new Note will not affect the validity and effect
of such amendment, supplement or waiver. 
 SECTION 907. Notice of Supplemental Indentures. 

Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions of Section 902, the
Company shall give notice thereof to the Holders of each Outstanding Note affected, in the manner provided for in Section 1305, briefly setting forth in general terms the substance of such supplemental indenture. Any failure of the Company to
mail such notice, or any defect therein, will not, however, in any way impair or affect the validity of any such amended or supplemental indenture or waiver. 

SECTION 908. Payment for Consent. 

Neither the Company nor any Affiliate of the Company shall, directly or indirectly, pay or cause to be paid any consideration, whether by way
of interest, fee or otherwise, to any Holder for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of the Base Indenture (as it relates to the Notes), this Supplemental Indenture or the Notes unless such
consideration is offered to all Holders and is paid to all Holders that so consent, waive or agree to amend in the time frame set forth in solicitation documents relating to such consent, waiver or agreement. 

ARTICLE TEN 
 COVENANTS

 Article VI of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as described
in, and to the extent of, this Article Ten. 

  
 -63- 

 SECTION 1001. Payment of Principal, Premium, if Any, and Interest. 

The Company covenants and agrees for the benefit of the Holders that it will duly and punctually pay the principal of (and premium, if any) and
interest on the Notes in accordance with the terms of such Notes and this Supplemental Indenture. 
 SECTION 1002. Maintenance of Office
or Agency. 
 The Company will maintain in the continental United States, an office or agency where Notes may be presented or surrendered
for payment, where Notes may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Notes and this Supplemental Indenture may be served. The designated office of the Trustee
shall be such office or agency of the Company, unless the Company shall designate and maintain some other office or agency for one or more of such purposes. The Company will give prompt written notice to the Trustee of any change in the location of
any such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served
at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands. 

The Company may also from time to time designate one or more other offices or agencies where the Notes may be presented or surrendered for any
or all such purposes and may from time to time rescind any such designation; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in the
Continental United States for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and any change in the location of any such other office or agency. 

SECTION 1003. Money for Notes Payments To Be Held in Trust. 

If the Company or a Wholly-Owned Subsidiary of the Company shall at any time act as its own Paying Agent, it will, on or before each due date
of the principal of (or premium, if any) or interest on any of the Notes, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal of (or premium, if any) or interest so becoming due until
such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its action or failure so to act. 

Whenever the Company shall have one or more Paying Agents for the Notes, it will, on or before each due date of the principal of (or premium,
if any) or interest on any Notes, deposit with a Paying Agent a sum sufficient to pay the principal (and premium, if any) or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or
interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of such action or any failure so to act. 

The Company will cause each Paying Agent (other than the Trustee) to execute and deliver to the Trustee an instrument in which such Paying
Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will: 
 (1) hold all
sums held by it for the payment of the principal of (and premium, if any) or interest on Notes in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 

  
 -64- 

 (2) give the Trustee notice of any default by the Company (or any other obligor
upon the Notes) in the making of any payment of principal (and premium, if any) or interest; and 
 (3) at any time during
the continuance of any such default, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent. 

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

Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of (or
premium, if any) or interest on any Note and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the Company on Company Request, or (if then held by the Company) shall be discharged
from such trust; and the Holder of such Note shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability
of the Company as Trustee thereof, shall thereupon cease. 
 SECTION 1004. Corporate Existence. 

Subject to Article Eight, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its
corporate existence and that of each Restricted Subsidiary and the corporate rights (charter and statutory) and franchises of the Company and each Restricted Subsidiary; provided, however, that the Company shall not be required to
preserve any such right or franchise if the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries as a whole. 

SECTION 1005. Payment of Taxes and Other Claims. 

The Company will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (a) all material taxes,
assessments and governmental charges levied or imposed upon the Company or any Subsidiary or upon the income, profits or property of the Company or any Subsidiary and (b) all material lawful claims for labor, materials and supplies, which, if
unpaid, might by law become a lien upon the property of the Company or any Subsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or
claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings and for which appropriate reserves, if necessary (in the good faith judgment of management of the Company) are being maintained in accordance
with GAAP. 
 SECTION 1006. Maintenance of Properties. 

The Company will cause all properties owned by the Company or any Restricted Subsidiary or used or held for use in the conduct of its business
or the business of any Restricted Subsidiary to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, betterments and
improvements thereof, all as in the judgment of the Company may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this
Section shall prevent the Company from discontinuing the maintenance of any of such properties if such discontinuance is, in the judgment of the Company, desirable in the conduct of its business or the business of any Restricted Subsidiary. 

  
 -65- 

 SECTION 1007. Insurance. 

(a) The Company will at all times keep all of its and its Subsidiaries’ properties which are of an insurable nature insured with insurers,
believed by the Company to be responsible (including, to the extent consistent with past practice, self-insurance), against loss or damage to the extent that property of similar character is usually so insured by corporations similarly situated and
owning like properties. 
 (b) In connection with the covenants set forth in this Section 1007, it is understood and agreed that: 

(i) none of the Trustee nor its respective agents or employees shall be liable for any loss or damage insured by the insurance
policies required to be maintained under this Section 1007, it being understood that (A) the Company shall look solely to its insurance companies or any other parties other than the aforesaid parties for the recovery of such loss or damage
and (B) such insurance companies shall have no rights of subrogation against the Trustee, or its agents or employees. If, however, the insurance policies do not provide waiver of subrogation rights against such parties, as required above, then
the Company hereby agrees, to the extent permitted by law, to waive, its right of recovery, if any, against the Trustee and the Holder and its agents and employees; and 

(ii) the designation of any form, type or amount of insurance coverage by the Trustee under this Section 1007 shall in no
event be deemed a representation, warranty or advice by the Trustee that such insurance is adequate for the purposes of the business of Company or the protection of its properties. 

SECTION 1008. Statement by Officers as to Default. 

(a) The Company will deliver to the Trustee within 120 days after the end of each fiscal year, an Officers’ Certificate signed by the
principal executive officer, the principal financial officer or principal accounting officer stating that a review of the activities of the Company and its Restricted Subsidiaries during the preceding fiscal year has been made under the supervision
of the signing officers with a view to determining whether it has kept, observed, performed and fulfilled, and has caused each of its Restricted Subsidiaries to keep, observe, perform and fulfill its obligations under the Indenture and further
stating, as to each such officer signing such certificate, that, to the best of his or her knowledge, the Company during such preceding quarter or the preceding fiscal year, as the case may be, has kept, observed, performed and fulfilled, and has
caused each of its Restricted Subsidiaries to keep, observe, perform and fulfill each and every such covenant contained in the Indenture and no Default or Event of Default occurred during such year and at the date of such certificate there is no
Default or Event of Default which has occurred and is continuing or, if such signers do know of such Default or Event of Default, the certificate shall describe its status, with particularity and that, to the best of his or her knowledge, no event
has occurred and remains by reason of which payments on the account of the principal of or interest, if any, on the Notes is prohibited or if such event has occurred, a description of the event and what action each is taking or proposes to take with
respect thereto. The Officers’ Certificate shall also notify the Trustee should the Company elect to change the manner in which it fixes its fiscal year-end. For purposes of this Section, such compliance shall be determined without regard to
any period of grace or requirement of notice under the Indenture. 

  
 -66- 

 (b) (i) When any Default or Event of Default has occurred and is continuing under the Indenture,
or (ii) if the trustee for or the holder of any other evidence of Indebtedness of the Company or any Restricted Subsidiary gives any notice or takes any other action with respect to a claimed default (other than with respect to Indebtedness in
the principal amount of less than $50,000,000), the Company shall deliver to the Trustee by registered or certified mail or facsimile transmission an Officers’ Certificate specifying such event, notice or other action within five Business Days
of any Officer becoming aware of the foregoing. 
 SECTION 1009. Reports and Other Information. 

Notwithstanding that the Company may not be subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act or otherwise
report on an annual and quarterly basis on forms provided for such annual and quarterly reporting pursuant to rules and regulations promulgated by the Commission, the Company shall file with the Commission (and make available to the Trustee and
Holders (without exhibits), without cost to each Holder, within 15 days after it files them with the Commission): 
 (i)
within 90 days (or any time period then in effect under the rules and regulations of the Exchange Act for a non-accelerated filer) plus any grace period provided by Rule 12b-25 under the Exchange Act, after the end of each fiscal year, annual
reports on Form 10-K, or any successor or comparable form, containing the information required to be contained therein, or required in such successor or comparable form; 

(ii) within 45 days (or any time period then in effect under the rules and regulations of the Exchange Act) plus any grace
period provided by Rule 12b-25 under the Exchange Act, after the end of each of the first three fiscal quarters of each fiscal year, reports on Form 10-Q, containing the information required to be contained therein, or any successor or comparable
form; 
 (iii) promptly from time to time after the occurrence of an event required to be therein reported, such other
reports on Form 8-K, or any successor or comparable form; and 
 (iv) any other information, documents and other reports
which the Company would be required to file with the Commission if it were subject to Section 13 or 15(d) of the Exchange Act; 
 provided that
the Company shall not be so obligated to file such reports with the Commission if the Commission does not permit such filing, in which event the Company shall make available such information to prospective purchasers of the Notes, in addition to
providing such information to the Trustee and the Holders in each case within 15 days after the time the Company would be required to file such information with the Commission, if it were subject to Section 13 or 15(d) of the Exchange Act;
provided further that nothing in this Section shall excuse the Company from complying with the provisions of Section 314(a) of the Trust Indenture Act. 

The Company shall be deemed to have furnished such information referred to in this covenant to the Trustee and the Holders of Notes if the
Company has filed or furnished such information in reports filed with the Commission and such reports are publicly available on the Commission’s website; provided, however, that the Trustee shall have no obligation whatsoever to determine
whether or not such information, documents or reports have been so filed or furnished. 
 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 

  
 -67- 

 
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 Officers’ Certificates). 
 SECTION 1010. Limitation on Restricted Payments. 

(a) The Company shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly: 

(1) declare or pay any dividend or make any distribution on account of the Company’s or any Restricted Subsidiary’s
Equity Interests, including any dividend or distribution payable in connection with any amalgamation, merger or consolidation other than: 

(A) dividends or distributions by the Company payable in Equity Interests (other than Disqualified Stock) of the Company or in
options, warrants or other rights to purchase such Equity Interests; or 
 (B) dividends or distributions by a Restricted
Subsidiary so long as, in the case of any dividend or distribution payable on or in respect of any class or series of securities issued by a Restricted Subsidiary other than a Wholly-Owned Subsidiary, the Company or a Restricted Subsidiary receives
at least its pro rata share of such dividend or distribution in accordance with its Equity Interests in such class or series of securities; 

(2) purchase, redeem, defease or otherwise acquire or retire for value any Equity Interests of the Company, including in
connection with any amalgamation, merger or consolidation; 
 (3) make any principal payment on, or redeem, repurchase,
defease or otherwise acquire or retire for value in each case, prior to any scheduled repayment, sinking fund payment or maturity, any Subordinated Indebtedness other than 

(x) the purchase, repurchase or other acquisition of Subordinated Indebtedness purchased in anticipation of satisfying a
sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of purchase, repurchase or acquisition; and 

(y) Indebtedness of the Company to a Restricted Subsidiary or a Restricted Subsidiary to the Company or another Restricted
Subsidiary; or 
 (4) make any Restricted Investment; 

(all such payments and other actions set forth in clauses (1) through (4) above being collectively referred to as “Restricted Payments”),
unless, at the time of such Restricted Payment: 
 (A) no Default or Event of Default shall have occurred and be continuing
or would occur as a consequence thereof; 
 (B) immediately after giving effect to such transaction on a pro forma basis, the
Company could incur $1.00 of additional Indebtedness under Section 1011(a); and 
 (C) such Restricted Payment, together
with the aggregate amount of all other Restricted Payments made by the Company and its Restricted Subsidiaries after the Issue Date (including 

  
 -68- 

 
Restricted Payments permitted by clauses (1) and (14) (with respect to the payment of dividends on Refunding Capital Stock pursuant to clause (B) thereof only) of
Section 1010(b), but excluding all other Restricted Payments permitted by Section 1010(b)), is less than the sum of: 

(1) 50% of the Consolidated Net Income of the Company for the period (taken as one accounting period) from April 1, 2012,
to the end of the Company’s most recently ended fiscal quarter for which internal financial statements are available at the time of such Restricted Payment, or, in the case such Consolidated Net Income for such period is a deficit, minus 100%
of such deficit, plus 
 (2) 100% of the aggregate net cash proceeds and the Fair Market Value of marketable
securities or other property received by the Company since immediately after April 4, 2012 (other than net cash proceeds to the extent such net cash proceeds have been used to incur Indebtedness, Disqualified Stock or preferred stock pursuant
to Section 1011(b)(12) from the issue or sale of: 
 (x) Equity Interests of the Company, excluding cash proceeds and
the Fair Market Value of marketable securities or other property received from the sale of: 
 (A) Equity Interests to
members of management, directors or consultants of the Company and the Company’s Subsidiaries after April 4, 2012 to the extent such amounts have been applied to Restricted Payments made in accordance with Section 1010(b)(3) and 

(B) Designated Preferred Stock or 

(y) debt securities, Designated Preferred Stock or Disqualified Stock of the Company or any Restricted Subsidiary that has
been converted into or exchanged for such Equity Interests of the Company; provided, however, that this clause (2) shall not include the proceeds from (a) Refunding Capital Stock (as defined below), (b) Equity Interests
or converted or exchanged debt securities of the Company sold to a Restricted Subsidiary or the Company, as the case may be, (c) Disqualified Stock or debt securities that have been converted into or exchanged for Disqualified Stock or
(d) Excluded Contributions, plus 
 (3) 100% of the aggregate amount of cash and the Fair Market Value, of
marketable securities or other property contributed to the capital of the Company following April 4, 2012 (other than net cash proceeds to the extent such net cash proceeds have been used to incur Indebtedness, Disqualified Stock or preferred
stock pursuant to Section 1011(b)(12)) (other than by a Restricted Subsidiary and other than by any Excluded Contributions), plus 

(4) 100% of the aggregate amount received in cash and the Fair Market Value, of marketable securities or other property
received by the Company or a Restricted Subsidiary by means of 
 (A) the sale or other disposition (other than to the
Company or a Restricted Subsidiary) of Restricted Investments made by the Company and its Restricted Subsidiaries and repurchases and redemptions of such Restricted Investments 

  
 -69- 

 
from the Company and its Restricted Subsidiaries and repayments of loans or advances which constitute Restricted Investments by the Company and its Restricted Subsidiaries, in each case after
April 4, 2012, or 
 (B) the sale (other than to the Company or a Restricted Subsidiary) of the stock of an
Unrestricted Subsidiary (other than in each case to the extent the Investment in such Unrestricted Subsidiary was made by the Company or a Restricted Subsidiary pursuant to clause (8) of Section 1010(b) or to the extent such Investment
constituted a Permitted Investment) or a dividend or distribution from an Unrestricted Subsidiary in each case after April 4, 2012; plus 

(5) in the case of the redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary, the Fair Market Value of the
Investment in such Unrestricted Subsidiary, at the time of the redesignation of such Unrestricted Subsidiary as a Restricted Subsidiary, other than to the extent the Investment in such Unrestricted Subsidiary was made by the Company or a Restricted
Subsidiary pursuant to clause (6) of Section 1010(b) or to the extent such Investment constituted a Permitted Investment. 

(b) The foregoing provisions shall not prohibit: 

(1) the payment of any dividend, distribution or redemption within 60 days after the date of declaration thereof or call for
redemption, if at the date of declaration or call for redemption such payment or redemption would have complied with the provisions of this Supplemental Indenture; 

(2) the redemption, repurchase or other acquisition or retirement of Subordinated Indebtedness of the Company made by exchange
for, or out of the proceeds of the substantially concurrent sale of, new Indebtedness of the Company, which is incurred in compliance with Section 1011 so long as 

(A) the principal amount (or accreted value) of such new Indebtedness does not exceed the principal amount, plus any accrued
and unpaid interest, of the Subordinated Indebtedness being so redeemed, repurchased, acquired or retired for value, plus the amount of any premium and any reasonable tender premiums, defeasance costs or other fees and expenses incurred in
connection with the issuance of such new Indebtedness, 
 (B) such Indebtedness has a final scheduled maturity date equal to
or later than the earlier of (x) the final scheduled maturity date of the Subordinated Indebtedness being so redeemed, repurchased, acquired or retired and (y) 91 days following the maturity of the Notes, and 

(C) such Indebtedness has a Weighted Average Life to Maturity which is not less than the shorter of (x) the remaining
Weighted Average Life to Maturity of the Subordinated Indebtedness being so redeemed, repurchased, acquired or retired and (y) the Weighted Average Life to Maturity that would result if all payments of principal on the Subordinated Indebtedness
being so redeemed, repurchased, defeased, acquired or retired that were due on or after the date one year following the maturity date of any Notes then outstanding were instead due on such date one year following the maturity date of such Notes
(provided that, in the case of this subclause (C)(y), such Indebtedness does not provide for any scheduled principal payments prior to the maturity date of the Notes in excess of, or prior to, the scheduled principal payments due prior to
such maturity for the Indebtedness being refunded or refinanced or defeased); 

  
 -70- 

 (3) a Restricted Payment to pay for the repurchase, retirement or other
acquisition or retirement for value of common Equity Interests of the Company held by any future, present or former employee, director or consultant of the Company, any of its Subsidiaries pursuant to any management equity plan or stock option plan
or any other management or employee benefit plan or other agreement or arrangement; provided, however, that the aggregate Restricted Payments made under this clause (3) do not exceed in any calendar year $5.0 million, plus in
calendar year 2015 an amount up to $5.0 million that was unused in calendar years 2013 and 2014 under the same clause (3) contained in the indenture governing the Existing Notes, (with unused amounts in any calendar year being carried over to
succeeding calendar years subject to a maximum (without giving effect to the following proviso) of $10.0 million in any calendar year); provided further that such amount in any calendar year may be increased by an amount not to exceed 

(A) the cash proceeds from the sale of Equity Interests (other than Disqualified Stock) of the Company to members of
management, directors or consultants of the Company or any of its Subsidiaries that occurred after the Issue Date, to the extent the cash proceeds from the sale of such Equity Interests have not otherwise been applied to the payment of Restricted
Payments by virtue of Section 1010(a)(2)(C); plus 
 (B) the cash proceeds of key man life insurance policies
received by the Company and its Restricted Subsidiaries after the Issue Date; less 
 (C) the amount of any Restricted
Payments previously made pursuant to clauses (A) and (B) of this Section 1010(b)(3); 
 provided that the Company may
elect to apply all or any portion of the aggregate increase contemplated by subclauses (A) and (B) above in any calendar year; 

(4) the declaration and payment of dividends to holders of any class or series of Disqualified Stock of the Company or any
other Restricted Subsidiary issued in accordance with the covenant described under Section 1011 to the extent such dividends are included in the definition of Fixed Charges; 

(5) the declaration and payment of dividends to holders of any class or series of Designated Preferred Stock (other than
Disqualified Stock) issued by the Company after the Issue Date; provided that the aggregate amount of dividends paid pursuant to this clause (5) shall not exceed the aggregate amount of cash actually received by the Company from the sale
of such Designated Preferred Stock; provided, however, that for the most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date of issuance of such Designated
Preferred Stock, after giving effect to such issuance on a pro forma basis, the Company and the Restricted Subsidiaries would have had a Fixed Charge Coverage Ratio of at least 2.00 to 1.00; 

(6) Investments in Unrestricted Subsidiaries having an aggregate fair market value, taken together with all other Investments
made pursuant to this clause (6) that are at the time outstanding, not to exceed the greater of $60.0 million and 1.0% of Total Assets at the time of such investment; provided, that the dollar amount of Investments made pursuant to this
clause (6) may be reduced by the Fair Market Value of the proceeds received by the Company and/or its Restricted Subsidiaries from the subsequent sale, disposition or other transfer of such Investments

  
 -71- 

 
(with the fair market value of each Investment being measured at the time made and without giving effect to subsequent changes in value and, for the avoidance of doubt, any return of capital with
respect to an Investment reduces the Fair Market Value of such Investment then outstanding for the purpose of this clause (6) by the amount of such return of capital); 

(7) repurchases of Equity Interests deemed to occur (i) upon exercise of stock options or warrants if such Equity
Interests represent a portion of the exercise price of such options or warrants or (ii) in connection with the exercise or vesting of stock options or similar instruments to the extent necessary to pay withholding taxes related to such exercise
or vesting of stock options or similar instruments; 
 (8) Restricted Payments that are made with Excluded Contributions;

 (9) other Restricted Payments in an aggregate amount taken together with all other Restricted Payments made pursuant to
this clause (9) not to exceed the greater of $120.0 million or 2.0% of Total Assets; 
 (10) Restricted Payments by the
Company or any Restricted Subsidiary to allow the payment of cash in lieu of the issuance of fractional shares upon the exercise of options or warrants or upon the conversion or exchange of Capital Stock of any such Person; 

(11) the purchase by the Company of fractional shares arising out of stock dividends, splits or combinations or business
combinations; 
 (12) distributions or payments of Receivables Fees; 

(13) the repurchase, redemption or other acquisition or retirement for value of any Subordinated Indebtedness required pursuant
to the provisions similar to those described under Sections 1016 and 1017 hereof; provided that there is a concurrent or prior Change of Control Offer or Asset Sale Offer, as applicable, and all Notes tendered by Holders in connection with
such Change of Control Offer or Asset Sale Offer, as applicable, have been repurchased, redeemed or acquired for value; 

(14) (a) any Restricted Payment in exchange for, or out of the proceeds of the substantially concurrent sale (other than to a
Restricted Subsidiary) of, Equity Interests of the Company (other than any Disqualified Stock) (“Refunding Capital Stock”) and (b) if immediately prior to the redemption, repurchase, retirement or other acquisition of any Equity
Interests of the Company (“Retired Capital Stock”) pursuant to clause (a), the Company and the Restricted Subsidiaries would have had a Fixed Charge Coverage Ratio of at least 2.00 to 1.00, the declaration and payment of dividends on the
Refunding Capital Stock in an aggregate amount per year no greater than the aggregate amount of dividends per annum that was declarable and payable on such Retired Capital Stock immediately prior to such retirement; and 

(15) the payment of a dividend on common stock of the Company of up the greater of $70.0 million or 1.0% of Total Assets in any
calendar year (with unused amounts in any calendar year being carried over to succeeding calendar years but subject to a maximum of the greater of $140.0 million or 2.0% of Total Assets in any calendar year); 

provided, however, that at the time of, and after giving effect to, any Restricted Payment permitted under clauses (3), (4), (5), (6), (9),
(14) and (15), no Default or Event of Default shall have occurred and be continuing or would occur as a consequence thereof. 

  
 -72- 

 For purposes of determining compliance with this covenant, in the event that a proposed
Restricted Payment (or a portion thereof) meets the criteria of clauses (1) through (15) above or is entitled to be made pursuant to the first paragraph of this covenant, the Company will be able to classify or later reclassify such
Restricted Payment (or a portion thereof) between such clauses (1) through (15) and such first paragraph if it would have been permitted at the time such Restricted Payment was made and at the time of such reclassification. 

(c) As of the time of issuance of the Notes, all of the Company’s Subsidiaries shall be Restricted Subsidiaries. The Company shall not
permit any Unrestricted Subsidiary to become a Restricted Subsidiary except pursuant to the last sentence of the definition of “Unrestricted Subsidiary” in Section 101 of this Supplemental Indenture. For purposes of designating any
Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding Investments by the Company and its Restricted Subsidiaries (except to the extent repaid) in the Subsidiary so designated shall be deemed to be Restricted Payments in an amount
determined as set forth in the last sentence of the definition of “Investment.” Such designation will be permitted only if a Restricted Payment in such amount would be permitted at such time, whether pursuant to Section 1010(a) or
under clause (6), (8) or (9) of Section 1010(b), or pursuant to the definition of “Permitted Investments,” and if such Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. Unrestricted Subsidiaries shall
not be subject to any of the restrictive covenants set forth in this Supplemental Indenture. 
 SECTION 1011. Limitation on Incurrence of
Indebtedness and Issuance of Disqualified Stock and Preferred Stock. 
 (a) The Company shall not, and shall not permit any Restricted
Subsidiary to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable, contingently or otherwise, (collectively, “incur” and collectively, an “incurrence”) with respect
to any Indebtedness (including Acquired Indebtedness) and the Company shall not issue any shares of Disqualified Stock and shall not permit any Restricted Subsidiary to issue any shares of Disqualified Stock or preferred stock; provided,
however, that the Company may incur Indebtedness (including Acquired Indebtedness) or issue shares of Disqualified Stock, and any Restricted Subsidiary may incur Indebtedness (including Acquired Indebtedness), issue shares of Disqualified
Stock and issue shares of preferred stock, if the Fixed Charge Coverage Ratio for the Company and the Restricted Subsidiaries for the most recently ended four full fiscal quarters for which internal financial statements are available immediately
preceding the date on which such additional Indebtedness is incurred or such Disqualified Stock or preferred stock is issued would have been at least 2.00 to 1.00, determined on a pro forma basis (including a pro forma application of
the net proceeds therefrom), as if the additional Indebtedness had been incurred, or the Disqualified Stock or preferred stock had been issued, as the case may be, and the application of proceeds therefrom had occurred at the beginning of such
four-quarter period. 
 (b) The foregoing limitations shall not apply to: 

(1) the incurrence of Indebtedness of the Company or any of the Restricted Subsidiaries under Credit Facilities;
provided, however, that after giving effect to any such incurrence, the aggregate principal amount of all Indebtedness incurred under this clause (b)(1) and then outstanding does not to exceed the greater of (x) $600.0 million and
(y) 10.0% of Total Assets at the time of such incurrence; 
 (2) the incurrence by the Company of Indebtedness
represented by the Notes (other than any Additional Notes); 

  
 -73- 

 (3) Existing Indebtedness (other than Indebtedness described in clauses
(1) and (2) above); 
 (4) Indebtedness (including Capitalized Lease Obligations), Disqualified Stock and preferred
stock incurred by the Company or any of its Restricted Subsidiaries, to finance the purchase, lease or improvement of property (real or personal) or equipment that is used or useful in a Similar Business, whether through the direct purchase of
assets or the Capital Stock of any Person owning such assets, in an aggregate principal amount which, when aggregated with the principal amount of all other Indebtedness, Disqualified Stock and preferred stock then outstanding and incurred pursuant
to this clause (4) and including all Refinancing Indebtedness incurred to refund, refinance or replace any other Indebtedness, Disqualified Stock and preferred stock incurred pursuant to this clause (4), does not exceed the greater of
(x) $60.0 million and (y) 1.0% of Total Assets; 
 (5) Indebtedness incurred by the Company or any Restricted
Subsidiary constituting reimbursement obligations with respect to letters of credit and bank guarantees issued, including without limitation letters of credit in respect of workers’ compensation claims, health, disability or other benefits to
employees or former employees or their families or property, casualty or liability insurance or self-insurance, and letters of credit in connection with the maintenance of, or pursuant to the requirements of, environmental or other permits or
licenses from governmental authorities, or other Indebtedness with respect to reimbursement type obligations regarding workers’ compensation claims; provided, however, that upon the drawing of such letters of credit or the
incurrence of such Indebtedness, such obligations are reimbursed within 30 days following such drawing or incurrence; 
 (6)
Indebtedness arising from agreements of the Company or a Restricted Subsidiary providing for indemnification, adjustment of purchase price or similar obligations, in each case, incurred or assumed in connection with the disposition of any business,
assets or a Subsidiary, other than guarantees of Indebtedness incurred by any Person acquiring all or any portion of such business, assets or a Subsidiary for the purpose of financing such acquisition; 

(7) Indebtedness of the Company to a Restricted Subsidiary; provided that, other than in the case of intercompany
current liabilities incurred in connection with the cash management or similar operations of the Company and the Restricted Subsidiaries to finance working capital needs of the Restricted Subsidiaries, any such Indebtedness is subordinated in right
of payment to the Notes; provided further that any subsequent issuance or transfer of any Capital Stock or any other event which results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer
of any such Indebtedness (except to the Company or another Restricted Subsidiary) shall be deemed, in each case to be an incurrence of such Indebtedness not permitted by this clause (7); 

(8) Indebtedness of a Restricted Subsidiary to the Company or another Restricted Subsidiary; provided that, any
subsequent transfer of any such Indebtedness (except to the Company or another Restricted Subsidiary) shall be deemed, in each case to be an incurrence of such Indebtedness not permitted by this clause (8); 

(9) shares of preferred stock of a Restricted Subsidiary issued to the Company or another Restricted Subsidiary; provided
that any subsequent issuance or transfer of any Capital Stock or any other event which results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such shares of preferred stock (except
to the Company or another Restricted Subsidiary) shall be deemed in each case to be an issuance of such shares of preferred stock not permitted by this clause (9); 

  
 -74- 

 (10) Hedging Obligations (excluding Hedging Obligations entered into for
speculative purposes) for the purpose of limiting: 
  

	 	(A)	interest rate risk; or 

  

	 	(B)	exchange rate risk with respect to any currency exchange; or 

  

	 	(C)	commodity risk; or 

  

	 	(D)	any combination of the foregoing; 

 (11) obligations in respect of performance,
bid, appeal and surety bonds and completion guarantees provided by the Company or any Restricted Subsidiary in the ordinary course of business or consistent with past practice or industry practice; 

(12) Indebtedness, Disqualified Stock and preferred stock of the Company or any Restricted Subsidiary not otherwise permitted
hereunder in an aggregate principal amount or liquidation preference which, when aggregated with the principal amount and liquidation preference of all other Indebtedness, Disqualified Stock and preferred stock then outstanding and incurred pursuant
to this clause (12), does not at any one time outstanding exceed the sum of: 
 (x) the greater of (1) $185.0 million
and (2) 3.0% of Total Assets; and 
 (y) 100% of the net cash proceeds received by the Company since immediately after
the Issue Date from the issue or sale of Equity Interests of the Company or cash contributed to the capital of the Company (in each case other than proceeds of Disqualified Stock or sales of Equity Interests to the Company or any of its
Subsidiaries) as determined in accordance with clauses (C)(2) and (C)(3) of Section 1010(a)(4) to the extent such net cash proceeds or cash have not been applied pursuant to such clauses to make Restricted Payments or to make other investments,
payments or exchanges pursuant to Section 1010(b) or to make Permitted Investments (other than Permitted Investments specified in clauses (a) and (c) of the definition thereof); 

(13) (A) any guarantee by the Company of Indebtedness or other obligations of any Restricted Subsidiary so long as the
incurrence of such Indebtedness incurred by such Restricted Subsidiary is permitted under the terms of this Supplemental Indenture, or 

(B) any guarantee by a Restricted Subsidiary of Indebtedness of the Company or another Restricted Subsidiary so long as the
incurrence of such Indebtedness incurred by the Company or such other Restricted Subsidiary is permitted under the terms of this Supplemental Indenture; 

(14) the incurrence by the Company or any Restricted Subsidiary of Indebtedness, Disqualified Stock or preferred stock which
serves to refund or refinance any Indebtedness, Disqualified Stock or preferred stock incurred as permitted under Section 1011 (a) and clauses (2) and (3) above, this clause (14) and clauses (15) and (17) below or
any Indebtedness, Disqualified Stock or preferred stock issued to so refund or refinance such Indebtedness, Disqualified Stock or preferred stock including additional Indebtedness, Disqualified Stock or preferred stock incurred

  
 -75- 

 
to pay premiums (including tender premiums), defeasance costs and fees in connection therewith (the “Refinancing Indebtedness”) prior to its respective maturity; provided,
however, that such Refinancing Indebtedness: 
 (A) except in the case of Indebtedness incurred pursuant to clause
(17) below or any Refinancing Indebtedness of such Indebtedness, has a Weighted Average Life to Maturity at the time such Refinancing Indebtedness is incurred which is not less than the shorter of (x) remaining Weighted Average Life to
Maturity of the Indebtedness, Disqualified Stock or preferred stock being refunded or refinanced and (y) in the case of Subordinated Indebtedness, the Weighted Average Life to Maturity that would result if all payments of principal on the
Subordinated Indebtedness being so redeemed, repurchased, defeased, acquired or retired that were due on or after the date one year following the maturity date of any Notes then outstanding were instead due on such date one year following the
maturity date of such Notes (provided that, in the case of this subclause (14)(A)(y), such Indebtedness does not provide for any scheduled principal payments prior to the maturity date of the Notes in excess of, or prior to, the scheduled
principal payments due prior to such maturity for the Indebtedness, Disqualified Stock or preferred stock being refunded or refinanced or defeased), 

(B) to the extent such Refinancing Indebtedness refinances (i) Indebtedness subordinated in right of payment to the Notes,
such Refinancing Indebtedness is subordinated in right of payment to the Notes at least to the same extent as the Indebtedness being refinanced or refunded or (ii) Disqualified Stock or preferred stock, such Refinancing Indebtedness must be
Disqualified Stock or preferred stock, respectively; and 
 (C) shall not include (x) Indebtedness, Disqualified Stock
or preferred stock of a Subsidiary that refinances Indebtedness, Disqualified Stock or preferred stock of the Company, or (y) Indebtedness, Disqualified Stock or preferred stock of the Company or a Restricted Subsidiary that refinances
Indebtedness, Disqualified Stock or preferred stock of an Unrestricted Subsidiary; 
 (15) Indebtedness, Disqualified Stock
or preferred stock of Persons that are acquired by the Company or any Restricted Subsidiary or amalgamated or merged into the Company or a Restricted Subsidiary in accordance with the terms of this Supplemental Indenture; provided that such
Indebtedness, Disqualified Stock or preferred stock is not incurred in contemplation of such acquisition, amalgamation or merger; provided further that after giving effect to such acquisition, amalgamation or merger, either 

(A) the Company would be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage
Ratio test set forth in Section 1011(a) or 
 (B) the Fixed Charge Coverage Ratio is not less than immediately prior to
such acquisition, amalgamation or merger; 
 (16) Indebtedness arising from the honoring by a bank or other financial
institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business, provided that such Indebtedness is extinguished within five Business Days of its incurrence; 

  
 -76- 

 (17) Indebtedness (including Capitalized Lease Obligations), Disqualified Stock
and preferred stock, including any predelivery payment financing, incurred by the Company or any of its Restricted Subsidiaries, relating to the purchase, lease, acquisition, improvement or modification of any aircraft, engines, spare parts or
similar assets, including in the form of financing from aircraft or engine manufacturers or their affiliates and whether through the direct purchase of assets or the Capital Stock of any Person owning such assets, so long as the amount of such
indebtedness does not exceed the purchase price of such aircraft and any improvements or modifications thereto and is incurred not later than 270 days after the date of such purchase, lease, acquisition, improvement or modification; 

(18) Indebtedness of the Company or any Restricted Subsidiary supported by a letter of credit issued pursuant to Credit
Facilities, in a principal amount not in excess of the stated amount of such letter of credit; and 
 (19) Indebtedness of
the Company or any Restricted Subsidiary consisting of (i) the financing of insurance premiums or (ii) take-or-pay obligations contained in supply arrangements, in each case, in the ordinary course of business. 

(c) For purposes of determining compliance with this Section 1011, in the event that an item of Indebtedness, Disqualified Stock or
preferred stock meets the criteria of more than one of the categories of permitted Indebtedness, Disqualified Stock or preferred stock described in clauses (1) through (19) of Section 1011(b) above or is entitled to be incurred
pursuant to Section 1011(a), the Company, in its sole discretion, may classify or reclassify such item of Indebtedness in any manner that complies with this Section 1011 and the Company may divide and classify an item of Indebtedness in
more than one of the types of Indebtedness described in Sections 1011(a) and (b). Accrual of interest, the accretion of accreted value and the payment of interest in the form of additional Indebtedness, Disqualified Stock or preferred stock
shall not be deemed to be an incurrence of Indebtedness, Disqualified Stock or preferred stock for purposes of this Section 1011. 

(d) For purposes of determining compliance with any U.S. dollar-denominated restriction on the incurrence of Indebtedness, the U.S.
dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was incurred, in the case of term debt, or first committed,
in the case of revolving credit debt; provided that if such Indebtedness is incurred to refinance other Indebtedness denominated in a foreign currency, and such refinancing would cause the applicable U.S. dollar-denominated restriction to be
exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing
Indebtedness does not exceed the principal amount of such Indebtedness being refinanced. 
 (e) The principal amount of any Indebtedness
incurred to refinance other Indebtedness, if incurred in a different currency from the Indebtedness being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in which such respective Indebtedness is
denominated that is in effect on the date of such refinancing. 
 (f) The Company shall not, directly or indirectly, incur any Indebtedness
(including Acquired Indebtedness) that is subordinated or junior in right of payment to any Indebtedness of the Company unless such Indebtedness is expressly subordinated in right of payment to the Notes to the extent and in the same manner as such
Indebtedness is subordinated in right of payment to other Indebtedness of the Company. 

  
 -77- 

 (g) (x) Unsecured Indebtedness shall not be treated as subordinated or junior to secured
Indebtedness merely because it is unsecured and (y) Indebtedness shall not be treated as subordinated or junior to any other Indebtedness merely because it has a junior priority with respect to the same collateral. 

SECTION 1012. Limitation on Liens. 

The Company shall not create, incur, assume or otherwise cause or suffer to exist or become effective any Lien that secures obligations under
any Indebtedness of the Company or any Guarantor (the “Initial Lien”) of any kind upon any of its property or assets, now owned or hereafter acquired, except any Initial Lien if (i) the Notes are equally and ratably secured with (or
on a senior basis to, in the case such Initial Lien secures any Subordinated Indebtedness) the obligations secured by such Initial Lien or (ii) such Initial Lien is a Permitted Lien. 

Any Lien created for the benefit of the Holders pursuant to clause (i) of the preceding paragraph shall provide by its terms that such
Lien shall be automatically and unconditionally released and discharged upon the release and discharge of the Initial Lien. 
 SECTION 1013.
Limitations on Transactions with Affiliates. 
 (a) The Company shall not, and shall not permit any Restricted Subsidiary to, make any
payment to, or sell, lease, transfer or otherwise dispose of any of its properties or assets to, or purchase any property or assets from, or enter into or make or amend any transaction, contract, agreement, understanding, loan, advance or guarantee
with, or for the benefit of, any Affiliate of the Company (each of the foregoing, an “Affiliate Transaction”) involving aggregate payments or consideration in excess of $5.0 million, unless: 

(1) such Affiliate Transaction is on terms that are not materially less favorable to the Company or the relevant Restricted
Subsidiary than those that would have been obtained in a comparable transaction by the Company or such Restricted Subsidiary with an unrelated Person as determined by the Board of Directors or senior management of the Company in good faith; and 

(2) the Company delivers to the Trustee with respect to any Affiliate Transaction or series of related Affiliate Transactions
involving aggregate payments or consideration in excess of $25.0 million, a resolution adopted by the majority of the Board of Directors approving such Affiliate Transaction and set forth in an Officers’ Certificate certifying that such
Affiliate Transaction complies with clause (1) above. 
 (b) The foregoing provisions will not apply to the following:

 (1) transactions between or among the Company and/or any of the Restricted Subsidiaries; 

(2) Restricted Payments permitted by Section 1010 and the definition of “Permitted Investments”; 

(3) the payment of reasonable and customary fees paid to, and indemnities provided on behalf of, officers, directors, employees
or consultants of the Company or any Restricted Subsidiary; 

  
 -78- 

 (4) transactions in which the Company or any Restricted Subsidiary, as the case
may be, delivers to the Trustee a letter from an Independent Financial Advisor stating that such transaction is fair to the Company or such Restricted Subsidiary from a financial point of view or meets the requirements of Section 1013(a)(1);

 (5) payments or loans (or cancellation of loans) to employees or consultants of the Company or any Restricted Subsidiary
which are approved by a majority of the Board of Directors of the Company in good faith; 
 (6) any agreement as in effect as
of the Issue Date, or any amendment or replacement thereto (so long as any such amendment, taken as a whole, is not materially less favorable to the Company and its Restricted Subsidiaries than the agreement in effect on the date hereof (as
determined by the Board of Directors or senior management of the Company in good faith)); 
 (7) the existence of, or the
performance by the Company or any of its Restricted Subsidiaries of its obligations under the terms of, any shareholders agreement (including any registration rights agreement or purchase agreement related thereto) to which it is a party as of the
Issue Date and any similar agreements which it may enter into thereafter; provided, however, that the existence of, or the performance by the Company or any Restricted Subsidiary of obligations under any future amendment to any such
existing agreement or under any similar agreement entered into after the Issue Date shall only be permitted by this clause (7) to the extent that the terms of any such amendment or new agreement, taken as a whole, is not materially less
favorable to the Company and its Restricted Subsidiaries than the agreement in effect on the date of this Supplemental Indenture (as determined by the Board of Directors or senior management of the Company in good faith); 

(8) transactions with customers, clients, suppliers, or purchasers or sellers of goods or services, in each case in the
ordinary course of business and otherwise in compliance with the terms of this Supplemental Indenture which are fair to the Company and the Restricted Subsidiaries, in the reasonable determination of the Company, or are on terms, taken as a whole,
at least as favorable as might reasonably have been obtained at such time from an unaffiliated party (as determined by the Board of Directors or senior management of the Company in good faith); 

(9) the issuance of Equity Interests (other than Disqualified Stock) of the Company to any Affiliate of the Company; 

(10) transactions or payments pursuant to any employee, officer or director compensation or benefit plans, employment
agreements, severance agreement, indemnification agreements or any similar arrangements entered into in the ordinary course of business or approved in good faith by the Board of Directors or senior management of the Company; 

(11) transactions in the ordinary course with (i) Unrestricted Subsidiaries or (ii) joint ventures in which the
Company or a Subsidiary of the Company holds or acquires an ownership interest (whether by way of Capital Stock or otherwise) so long as the terms of any such transactions, taken as a whole, are not materially less favorable to the Company or
Subsidiary participating in such joint ventures than they are to other joint venture partners as determined by the Board of Directors in good faith; 

(12) transactions with a Person (other than an Unrestricted Subsidiary of the Company) that is an Affiliate of the Company
solely because the Company owns, directly or through a Restricted Subsidiary, an Equity Interest in, or controls, such Person; 

  
 -79- 

 (13) sales of accounts receivable, or participations therein, in connection with
any Receivables Facility; 
 (14) any transaction in which the Company delivers to the Trustee a copy of a written opinion as
to the fairness of such transaction to the Company or such Restricted Subsidiary from a financial point of view issued by an Independent Financial Advisor; and 

(15) transactions with a Person solely in its capacity as a holder of Indebtedness of the Company or any of its Subsidiaries;
provided such transaction is with all holders of such class of Indebtedness (provided the holders of such class includes non-Affiliate holders) and such Person is treated no more favorably than holders of Indebtedness of the Company or such
Subsidiaries generally as determined by the Board of Directors or management of the Company. 
 SECTION 1014. Limitations on Dividend and
Other Payment Restrictions Affecting Restricted Subsidiaries. 
 The Company shall not, and shall not permit any Restricted Subsidiary
to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or consensual restriction on the ability of any such Restricted Subsidiary to: 

(a) (1) pay dividends or make any other distributions to the Company or any Restricted Subsidiary on its Capital Stock or, with
respect to any other interest or participation in, or measured by, its profits, or (2) pay any Indebtedness owed to the Company or any Restricted Subsidiary; 

(b) make loans or advances to the Company or any Restricted Subsidiary; or 

(c) sell, lease or transfer any of its properties or assets to the Company or any Restricted Subsidiary, except (in each case)
for such encumbrances or restrictions existing under or by reason of: 
 (1) contractual encumbrances or restrictions in
effect on the Issue Date; 
 (2) this Supplemental Indenture and the Notes; 

(3) purchase money obligations for property acquired that impose restrictions of the nature discussed in clause (c) above
on the property so acquired; 
 (4) applicable law or any applicable rule, regulation or order; 

(5) any agreement or other instrument of a Person (or assets) acquired by the Company or any Restricted Subsidiary in existence
at the time of such acquisition (but not created in contemplation thereof), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person, or the property or assets of the Person,
so acquired; 
 (6) contracts for the sale of assets, including, without limitation, customary restrictions with respect to a
Subsidiary pursuant to an agreement that has been entered into for the sale or disposition of all or substantially all of the Capital Stock or assets of such Subsidiary that impose restrictions on the assets to be sold; 

  
 -80- 

 (7) secured Indebtedness otherwise permitted to be incurred pursuant to Sections
1011 and 1012 that limit the right of the debtor to dispose of the assets securing such Indebtedness; 
 (8) restrictions on
cash or other deposits or net worth imposed by customers under contracts entered into in the ordinary course of business or consistent with past practice or industry practice; 

(9) customary provisions in joint venture agreements and other similar agreements relating to such joint venture; 

(10) customary provisions contained in leases, licenses and other agreements entered into in the ordinary course of business;

 (11) any such encumbrance or restriction with respect to a Foreign Subsidiary pursuant to an agreement governing
Indebtedness, Disqualified Stock or preferred stock incurred by such Foreign Subsidiary that was permitted by the terms of this Supplemental Indenture to be incurred; 

(12) any such encumbrance or restriction pursuant to an agreement governing Indebtedness permitted to be incurred by the terms
of this Supplemental Indenture, which encumbrances or restrictions are, in the good faith judgment of the Board of Directors or senior management of the Company not materially more restrictive, taken as a whole, than customary provisions in
comparable financings and that the management of the Company determines, at the time of such financing, will not materially impair the Company’s ability to make payments as required under the Notes; 

(13) any encumbrances or restrictions of the type referred to in clauses (a), (b) and (c) above imposed by any
amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses (1) through (12) above; provided that such
amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of the Company, not materially more restrictive, taken as a whole, with respect to such encumbrance
and other restrictions than those prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing; and 

(14) restrictions created in connection with any Receivables Facility that, in the good faith determination of the Board of
Directors of the Company, are necessary or advisable to effect such Receivables Facility. 
 SECTION 1015. [Reserved]. 

SECTION 1016. Change of Control. 

(a) If a Change of Control Triggering Event occurs, the Company shall make an offer to purchase all of the Notes pursuant to the offer
described below (the “Change of Control Offer”) at a price in cash (the “Change of Control Payment”) equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest, if any, to, but not including, the
date of purchase, subject to the right of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date. Within 30 days following any Change of Control Triggering Event, the Company shall send notice

  
 -81- 

 
of such Change of Control Offer by first class mail, with a copy to the Trustee, to each Holder of the Notes to the address of such Holder appearing in the Note Register with a copy to the
Trustee or otherwise in accordance with the procedures of DTC, with the following information: 
 (1) a Change of Control
Offer is being made pursuant to this Section 1016 and that all Notes properly tendered pursuant to such Change of Control Offer will be accepted for payment; 

(2) the purchase price and the purchase date, which will be no earlier than 30 days nor later than 60 days from the date such
notice is mailed (the “Change of Control Payment Date”); 
 (3) any Note not properly tendered will remain
outstanding and continue to accrue interest; 
 (4) unless the Company defaults in the payment of the Change of Control
Payment, all Notes accepted for payment pursuant to the Change of Control Offer will cease to accrue interest on, but not including, the Change of Control Payment Date; 

(5) Holders electing to have any Notes purchased pursuant to a Change of Control Offer will be required to surrender such
Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of such Notes completed, to the Paying Agent specified in the notice at the address specified in the notice prior to the close of business on the third
business day preceding the Change of Control Payment Date; 
 (6) Holders will be entitled to withdraw their tendered Notes
and their election to require the Company to purchase such Notes, provided that the Paying Agent receives, not later than the close of business on the last day of the Change of Control Offer period, a telegram, telex, facsimile transmission
or letter setting forth the name of the Holder of Notes, the principal amount of Notes tendered for purchase, and a statement that such Holder is withdrawing his tendered Notes and his election to have such Notes purchased; 

(7) if such notice is mailed prior to the occurrence of a Change of Control Triggering Event, stating that the Change of
Control Offer is conditional on the occurrence of such Change of Control Triggering Event; and 
 (8) that Holders whose
Notes are being purchased only in part will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered, which unpurchased portion must be equal to $2,000 in principal amount or an integral multiple of $1,000 in
excess thereof. 
 (b) While the Notes are in global form and the Company makes an offer to purchase all of the Notes pursuant to the Change
of Control Offer, a Holder may exercise its option to elect for the purchase of the Notes through the facilities of Depositary, Euroclear and Clearstream, subject to their rules and regulations. 

(c) If Holders of not less than 90% in aggregate principal amount of the Outstanding Notes validly tender and do not withdraw such Notes in a
Change of Control Offer and the Company, or any other Person making a Change of Control Offer in lieu of the Company as described below, purchase all of the Notes validly tendered and not withdrawn by such Holders, the Company shall have the right,
upon not less than 30 nor more than 60 days’ prior notice, given not more than 30 days following such 

  
 -82- 

 
purchase pursuant to Section 1016(a) hereof, to redeem all Notes that remain Outstanding following such purchase at a redemption price in cash equal to 101% of the principal amount thereof,
plus accrued and unpaid interest, to, but not including, the date of redemption, subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date). 

(d) The Company shall not be required to make a Change of Control Offer following a Change of Control Triggering Event if (1) a third
party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Supplemental Indenture applicable to a Change of Control Offer made by the Company and purchases all Notes
validly tendered and not withdrawn under such Change of Control Offer or (2) notice of redemption has been given pursuant to this Supplemental Indenture as described under Section 1101, unless and until there is a default in payment of the
applicable redemption price. Notwithstanding anything to the contrary herein, a Change of Control Offer may be made in advance of a Change of Control Triggering Event, conditional upon such Change of Control. 

(e) The Company shall comply with the requirements of Section 14(e) under the Exchange Act and any other securities laws and regulations
thereunder to the extent such laws or regulations are applicable in connection with the repurchase of Notes pursuant to a Change of Control Offer. To the extent that the provisions of any securities laws or regulations conflict with the provisions
of this Supplemental Indenture, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations described in this Supplemental Indenture by virtue thereof. 

(f) On the Change of Control Payment Date, the Company shall, to the extent permitted by law, 

(1) accept for payment all Notes or portions thereof properly tendered pursuant to the Change of Control Offer, 

(2) deposit with the Paying Agent an amount equal to the aggregate Change of Control Payment in respect of all Notes or
portions thereof so tendered, and 
 (3) deliver, or cause to be delivered, to the Trustee for cancellation the Notes so
accepted together with an Officers’ Certificate stating that such Notes or portions thereof have been tendered to and purchased by the Company. 

(g) The Paying Agent shall promptly mail to each Holder of Notes the Change of Control Payment for such Notes, and the Trustee will promptly
authenticate and mail to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each such new Note shall be in a principal amount of $2,000 or an integral multiple of $1,000
in excess thereof. The Company shall publicly announce the results of the Change of Control Offer on or as soon as practicable after the Change of Control Payment Date. 

SECTION 1017. Asset Sales. 

(a) The Company shall not, and shall not permit any Restricted Subsidiary to, cause, make or suffer to exist an Asset Sale, unless: 

(1) the Company or such Restricted Subsidiary, as the case may be, receives consideration at the time of such Asset Sale at
least equal to the Fair Market Value of the assets sold or otherwise disposed of; and 

  
 -83- 

 (2) except in the case of a Permitted Asset Swap, at least 75% of the
consideration therefor received by the Company or such Restricted Subsidiary, as the case may be, is in the form of cash or Cash Equivalents. 

Within 365 days after the Company’s or a Restricted Subsidiary’s receipt of the Net Proceeds of any Asset Sale covered by this
clause (a) the Company or such Restricted Subsidiary, at its option, may apply the Net Proceeds from such Asset Sale: 

(1) to make one or more offers to the Holders of the Notes (and, at the option of the Company, the holders of other senior
Indebtedness) to purchase Notes (and such senior Indebtedness) pursuant to and subject to the conditions contained in this Supplemental Indenture (each, an “Asset Sale Offer”); provided, however, that in connection with any
prepayment, repayment or purchase of Indebtedness pursuant to this clause (1), the Company or such Restricted Subsidiary shall permanently retire such Indebtedness; provided, further, that if the Company or such Restricted
Subsidiary shall so reduce any senior Indebtedness (other than the Notes), the Company shall seek to equally and ratably reduce Indebtedness under the Notes by making an offer to all Holders of Notes to purchase at a purchase price equal to 100% of
the principal amount thereof, plus accrued and unpaid interest and additional interest, if any, the pro rata principal amount of the Notes, such offer to be conducted in accordance with the procedures set forth below for an Asset Sale Offer
but without any further limitation in amount; 
 (2) to make an investment in (a) any one or more businesses;
provided that such investment in any business is in the form of the acquisition of Capital Stock and results in the Company or a Restricted Subsidiary, as the case may be, owning an amount of the Capital Stock of such business such that it
constitutes a Restricted Subsidiary, (b) capital expenditures or (c) acquisitions of other long-term assets (including minority interests in Restricted Subsidiaries), in each of (a), (b) and (c), used or useful in a Similar Business;
or 
 (3) to reduce Indebtedness of a Restricted Subsidiary, other than Indebtedness owed to the Company or another
Restricted Subsidiary; provided that the acquisition of Indebtedness of a Restricted Subsidiary by the Company shall constitute a reduction in such Indebtedness. 

Any Net Proceeds that are not invested or applied as provided and within the time period set forth in the first sentence of the immediately
preceding paragraph shall be deemed to constitute “Excess Proceeds.” In the case of clause (2) above, a binding commitment shall be treated as a permitted application of the Net Proceeds from the date of such commitment;
provided that (x) such investment is consummated within 635 days after receipt by the Company or any Restricted Subsidiary of the Net Proceeds of any Asset Sale and (y) if such investment is not consummated within the period set
forth in subclause (x), the Net Proceeds not so applied will be deemed to be Excess Proceeds. When the aggregate amount of Excess Proceeds exceeds $35.0 million, the Company shall make an Asset Sale Offer to all Holders of the Notes, and, if
required by the terms of any senior Indebtedness, to the holders of such senior Indebtedness, to purchase the maximum principal amount of Notes and such other senior Indebtedness, that are $2,000 or an integral multiple of $1,000 in excess thereof
that may be purchased out of the Excess Proceeds at an offer price in cash in an amount equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but not including, the date fixed for the closing of such offer, in
accordance with the procedures set forth in this Supplemental Indenture. The Company shall commence an Asset Sale Offer with respect to Excess Proceeds within 30 days after the date that Excess Proceeds exceed $35.0 million by mailing the
notice required pursuant to the terms of this Supplemental Indenture, with a copy to the Trustee. To the extent that the aggregate amount of Notes and such senior Indebtedness tendered pursuant to an Asset Sale Offer is less than the Excess
Proceeds, the Company may use any remaining Excess Proceeds for general corporate purposes, subject to other covenants contained 

  
 -84- 

 
in this Supplemental Indenture. If the aggregate principal amount of Notes or the senior Indebtedness surrendered by such holders thereof exceeds the amount of Excess Proceeds, the Notes and such
senior Indebtedness will be purchased on a pro rata basis based on the principal amount of the Notes or such senior Indebtedness tendered. Upon completion of any such Asset Sale Offer, the amount of Excess Proceeds shall be reset at zero.
After the Company or any Restricted Subsidiary has applied the Net Proceeds from any Asset Sale as provided in, and within the time periods required by, this paragraph (a), the balance of such Net Proceeds, if any, from such Asset Sale may be
used by the Company or such Restricted Subsidiary for any purpose not prohibited by the terms of this Supplemental Indenture. 
 (b) For
purposes of this Section 1017, the following are deemed to be cash or Cash Equivalents: 
 (1) any liabilities (as shown
on the Company’s, or such Restricted Subsidiary’s most recent internally available balance sheet or in the notes thereto) of the Company or any Restricted Subsidiary (whether assumed or otherwise discharged) other than liabilities that are
by their terms subordinated to the Notes; 
 (2) any securities received by the Company or such Restricted Subsidiary from
such transferee that are converted by the Company or such Restricted Subsidiary into cash (to the extent of the cash received) within 180 days following the closing of such Asset Sale; and 

(3) any Designated Non-cash Consideration received by the Company or any Restricted Subsidiary in such Asset Sale having an
aggregate Fair Market Value, taken together with all other Designated Non-cash Consideration received pursuant to this clause (3) that is at that time outstanding, not to exceed the greater of (x) $185.0 million and (y) 3.0% of
Total Assets at the time of the receipt of such Designated Non-cash Consideration, with the Fair Market Value of each item of Designated Non-cash Consideration being measured at the time received and without giving effect to subsequent changes in
value. 
 (c) The Company shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and
regulations thereunder to the extent such laws or regulations are applicable in connection with the repurchase of the Notes pursuant to an Asset Sale Offer. To the extent that the provisions of any securities laws or regulations conflict with the
provisions of this Supplemental Indenture, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations described in this Supplemental Indenture by virtue thereof. If less than
all of the Notes or other senior Indebtedness are to be redeemed, Section 1109 shall apply. 
 SECTION 1018. Waiver of Certain
Covenants. 
 The Company and the Restricted Subsidiaries may omit in any particular instance to comply with any term, provision or
condition set forth in or Sections 1004 through 1008, inclusive, if before or after the time for such compliance the Holders of at least a majority in principal amount of the Outstanding Notes, by Act of such Holders, waive such compliance in such
instance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company
and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect. 

  
 -85- 

 SECTION 1019. Discharge and Suspension of Covenants. 

(a) If on any date following the Issue Date (i) the Notes have Investment Grade Ratings from two Rating Agencies, and (ii) no Default
has occurred and is continuing under the Base Indenture (as it relates to the Notes) and this Supplemental Indenture (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a
“Covenant Suspension Event”), Section 801(4) hereof, Section 1010 hereof, Section 1011 hereof, Section 1013 hereof, Section 1014 hereof, and Section 1017 hereof shall no longer be applicable to the Notes
(collectively, the “Suspended Covenants”). 
 (b) In the event that the Company and the Restricted Subsidiaries are not subject to
the Suspended Covenants under this Supplemental Indenture for any period of time as a result of the foregoing, and on any subsequent date (the “Reversion Date”) one of the Rating Agencies (1) withdraws its Investment Grade Rating or
downgrades the rating assigned to the Notes below an Investment Grade Rating and/or (2) the Company or any of its Affiliates enters into an agreement to effect a transaction that would result in a Change of Control and one or more of the Rating
Agencies indicates that if consummated, such transaction (alone or together with any related recapitalization or refinancing transactions) would cause such Rating Agency to withdraw its Investment Grade Rating or downgrade the ratings assigned to
the Notes below an Investment Grade Rating, then the Company and the Restricted Subsidiaries shall thereafter again be subject to the Suspended Covenants under this Supplemental Indenture with respect to future events, including, without limitation,
a proposed transaction described in clause (2) above. 
 (c) The period of time between the Suspension Date and the Reversion Date is
referred to in this description as the “Suspension Period.” Additionally, upon the occurrence of a Covenant Suspension Event, the amount of Excess Proceeds from Net Proceeds shall be reset at zero. During the Suspension Period no
additional subsidiary may be designated an Unrestricted Subsidiary unless such designation would have been permitted if Section 1010 had been in effect at all times during the Suspension Period. In the event of any such reinstatement, no action
taken or omitted to be taken by the Company or any of its Restricted Subsidiaries prior to such reinstatement will give rise to a Default or Event of Default under this Supplemental Indenture with respect to any Notes; provided that
(1) with respect to Restricted Payments made after any such reinstatement, the amount of Restricted Payments made will be calculated as though Section 1010 hereof had been in effect prior to, but not during the Suspension Period, and
(2) all Indebtedness incurred, or Disqualified Stock or preferred stock issued, during the Suspension Period will be classified to have been incurred or issued pursuant to Section 1011(b)(3) hereof. 

The Company shall deliver promptly to the Trustee an Officers’ Certificate notifying it of any such occurrence under this
Section 1019. 
 SECTION 1020. Note Guarantees. 

The Company will not cause or permit any of its Restricted Subsidiaries (other than a Guarantor), directly or indirectly, to guarantee any
Indebtedness of the Company or any other Guarantor unless such Restricted Subsidiary: 
 (a) within 5 Business Days of the
date on which it guarantees Indebtedness of the Company or any Guarantor executes and delivers to the Trustee a supplemental indenture pursuant to which such Restricted Subsidiary shall guarantee (each, a “Note Guarantee”) all of the
Company’s obligations under the Notes and this Supplemental Indenture and other terms contained in the applicable supplemental indenture and subject to the conditions contained in such supplemental indenture; and 

  
 -86- 

 (b) delivers to the Trustee an Opinion of Counsel (which may contain customary
exceptions) that such supplemental indenture and Note Guarantee have been duly authorized, executed and delivered by such Restricted Subsidiary and constitute legal, valid, binding and enforceable obligations of such Restricted Subsidiary. 

Thereafter, such Subsidiary shall be a Guarantor for all purposes of this Supplemental Indenture until such Note Guarantee is released in
accordance with the provisions of this Supplemental Indenture. In the event of a sale or other transfer or disposition of all of the Capital Stock in any Guarantor to any Person that is not an Affiliate of the Company in compliance with the
terms of this Supplemental Indenture, or in the event all or substantially all the assets or Capital Stock of a Guarantor are sold or otherwise transferred, by way of merger, consolidation or otherwise, to a Person that is not an Affiliate of the
Company in compliance with the terms of this Supplemental Indenture, then, without any further action on the part of the Trustee or any Holder, such Guarantor (or the Person concurrently acquiring such assets of such Guarantor) shall be deemed
automatically and unconditionally cancelled, released and discharged of any obligations under its Note Guarantee, as evidenced by a supplemental indenture, written instrument or confirmation executed by the Trustee, upon request; provided,
however that the Company delivers an Officers’ Certificate to the Trustee certifying that the net cash proceeds of such sale or other disposition will be applied in accordance with Section 1017 and, if evidence of such cancellation,
discharge or release is requested to be executed by the Trustee, an Officers’ Certificate and an Opinion of Counsel complying with Section 1301 of this Supplemental Indenture. In addition, upon the release or discharge of any guarantee
which resulted in the creation of a Note Guarantee (except a discharge or release by or as a result of payment under such guarantee), the Guarantor of such Note Guarantee shall be deemed automatically and unconditionally cancelled, released and
discharged of any obligations under its Note Guarantee, as evidenced by a supplemental indenture, written instrument or confirmation executed by the Trustee, upon request. The Company may cause any other Subsidiary of the Company to issue a Note
Guarantee and become a Guarantor. 
 Each Note Guarantee by a Restricted Subsidiary will be limited to an amount not to exceed the maximum
amount that can be guaranteed by that Restricted Subsidiary without rendering the Note Guarantee, as it relates to such Restricted Subsidiary, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws
affecting the rights of creditors generally. 
 SECTION 1021. Additional Amounts. 

If the Company (or a Guarantor, if any) or other applicable withholding agent is required by law to deduct or withhold taxes imposed by Bermuda
or another Relevant Tax Jurisdiction on payments to Holders, it will pay to any Holder so entitled all additional amounts that may be necessary so that every Net Payment of interest, principal, premium or other amount received by the beneficial
owner on that Note or the guarantee will not be less than the amount provided for in that Note or the Note Guarantee. 
 (a)
The Company (and Guarantors, if any) will also indemnify and reimburse Holders for: 
 (1) Taxes (including any interest,
penalties and related expenses) imposed on the Holders (or if a Holder is not the beneficial owner, the beneficial owner) by a Relevant Tax Jurisdiction if and to the same extent that a Holder would have been entitled to receive additional amounts
if the Company (or a Guarantor) or other applicable withholding agent had been required to deduct or withhold those taxes from payments on the Notes or the Note Guarantees; and 

  
 -87- 

 (2) Stamp, court, documentary or similar taxes or charges (including any
interest, penalties and related expenses) imposed by a Relevant Tax Jurisdiction in connection with the execution, delivery, enforcement or registration of the Notes or the Note Guarantees or other related documents and obligations. 

(b) The Company (or a Guarantor) will not pay additional amounts to any Holder for or on account of any of the following: 

(1) Any tax, assessment or other governmental charge imposed solely because at any time there is or was a connection between
such Holder (or between a fiduciary, settlor, beneficiary, member or shareholder of or possessor of power over the relevant holder if the holder is an estate, nominee, trust, partnership, limited liability company, or corporation) and the Relevant
Tax Jurisdiction imposing the tax (other than the mere receipt of a payment or the acquisition, ownership, disposition or holding of, or enforcement of rights under, a Note or the Note Guarantees); 

(2) Any estate, inheritance, gift or any similar tax, assessment or other governmental charge; 

(3) Any tax, assessment or other governmental charge imposed solely because such Holder (or if such Holder is not the
beneficial owner, the beneficial owner) fails to comply with any certification, identification or other reporting requirement concerning the nationality, residence, identity or connection with the taxing jurisdiction of such Holder or any beneficial
owner of the Note or the Note Guarantees, if compliance is required by law or by an applicable income tax treaty to which the jurisdiction imposing the tax is a party, as a precondition to an exemption from the tax, assessment or other governmental
charge for which such Holder is eligible and the Company (or a Guarantor) has given the Holders at least 60 days’ notice that Holders will be required to provide such information and identification; 

(4) Any tax, assessment or other governmental charge with respect to a Note or a Note Guarantee presented for payment more than
30 days after the date on which payment became due and payable or the date on which payment thereof is duly provided for and notice thereof given to Holders, whichever occurs later, except to the extent that such Holder of the Note would have been
entitled to additional amounts on presenting the Note for payment on any date during the 30-day period; and 
 (5) Any
withholding or deduction imposed on a payment to an individual that is required to be made pursuant to the European Union Directive on the taxation of savings income, which was adopted by the ECOFIN Council on June 3, 2003, or any law
implementing or complying with, or introduced in order to conform to, such Directive. 
 ARTICLE ELEVEN 

REDEMPTION OF NOTES 

Article IV of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as described in, and
to the extent of, this Article Eleven. 

  
 -88- 

 SECTION 1101. Right of Redemption. 

(a) Prior to February 15, 2018, the Company may, at its option, redeem up to 35% of the aggregate principal amount of the Notes issued
under this Supplemental Indenture at a Redemption Price equal to 105.500% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon, if any, to, but not including, the Redemption Date, subject to the right of Holders of
record on the relevant record date to receive interest due on the relevant Interest Payment Date, with the net proceeds of one or more Equity Offerings of the Company; provided that at least 65% of the sum of the aggregate principal amount of
the Notes originally issued under this Supplemental Indenture on the Issue Date remains outstanding immediately after the occurrence of each such redemption; provided, further, that each such redemption occurs within 90 days of the
date of closing of each such Equity Offering. 
 (b) The Company may also, at any time and from time to time, redeem all or a part of the
Notes, upon not less than 30 nor more than 60 days’ prior notice mailed by first class mail to each Holder’s registered address, at a redemption price equal to the greater of (a) 100% of the principal amount of the Notes redeemed,
plus accrued and unpaid interest thereon to, but not including, the Redemption Date, and (b) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes from the Redemption Date through the maturity
date of the Notes (computed using a discount rate equal to the Treasury Rate as of such Redemption Date plus 50 basis points), plus accrued and unpaid interest to, but not including, the Redemption Date. 

(c) Notice of redemption, whether in connection with an Equity Offering or otherwise, may be given prior to the completion thereof, and any
such redemption or notice may, at the Company’s option and discretion, be subject to one or more conditions precedent, including, but not limited to, completion of the related Equity Offering or other transaction. In addition, if such
redemption is subject to satisfaction of one or more conditions precedent, such notice shall state that, in the Company’s discretion, the redemption date may be delayed until such time as any or all such conditions shall be satisfied, or such
redemption may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied by the redemption date, or by the redemption date so delayed. In addition, the Company may provide in such notice
that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person (it being understood that any such provision for payment by another Person will not relieve the
Company and the Guarantors from their obligations with respect to such redemption). 
 (d) In addition to the Company’s rights to
redeem Notes as set forth in subclauses (a) through (c) above, the Company may at any time purchase Notes in open-market transactions, tender offers or otherwise. 

SECTION 1102. Redemption for Taxation Reasons. 

The Company will be entitled, at its option, to redeem the Notes in whole if at any time it becomes obligated to pay additional amounts on the
Notes on the next interest payment date with respect to the Notes, but only if its obligation results from a change in, or an amendment to, the laws or treaties (including any regulations or official rulings promulgated thereunder) of a Relevant Tax
Jurisdiction (or a political subdivision or taxing authority thereof or therein), or from a change in any official position regarding the interpretation, administration or application of those laws, treaties, regulations or official rulings
(including a change resulting from a holding, judgment or order by a court of competent jurisdiction), that becomes effective and is announced after the Issue Date (or, if the applicable Relevant Tax Jurisdiction became a Relevant Tax Jurisdiction
on a date after the Issue Date, such later date) and provided the Company cannot avoid the obligation after taking reasonable measures to do so. If the Company redeems the Notes in these circumstances, it will do so at a redemption price
equal to 100% of the principal amount of the Notes redeemed, plus accrued and unpaid interest, if any, and any other amounts due to the redemption date. 

  
 -89- 

 If the Company becomes entitled to redeem the Notes in these circumstances, it may do so at any
time on a redemption date of its choice. However, the Company must give the Holders of Notes being redeemed notice of the redemption not less than 30 days or more than 60 days before the redemption date and not more than 90 days before the next date
on which it would be obligated to pay additional amounts. In addition, the Company’s obligation to pay additional amounts must remain in effect when it gives the notice of redemption. Notice of the Company’s intent to redeem the Notes
shall not be effective until such time as it delivers to the Trustee both a certificate signed by two of its officers stating that the obligation to pay additional amounts cannot be avoided by taking reasonable measures and an opinion of independent
legal counsel or an independent auditor stating that the Company is obligated to pay additional amounts because of an amendment to or change in law, treaties or position as described in the preceding paragraph. In addition to the Company’s
rights to redeem Notes as set forth above, the Company may at any time and from time to time purchase Notes in open-market transactions, tender offers or otherwise. 

SECTION 1103. Applicability of Article. 

Redemption of Notes at the election of the Company or otherwise, as permitted or required by any provision of this Supplemental Indenture,
shall be made in accordance with such provision and this Article. 
 SECTION 1104. Election To Redeem; Notice to Trustee. 

The election of the Company to redeem any Notes pursuant to Section 1101 above shall be evidenced by a Company Order. In case of any
redemption at the election of the Company, the Company shall, at least 35 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the
principal amount of Notes to be redeemed and shall deliver to the Trustee such documentation and records as shall enable the Trustee to select the Notes to be redeemed pursuant to Section 1105. 

SECTION 1105. Selection by Trustee of Notes To Be Redeemed. 

If less than all of the Notes are to be redeemed at any time, selection of such Notes for redemption, will be made by the Trustee in compliance
with the requirements of the principal national securities exchange and DTC procedures, if any, on which such Notes are listed, or, if such Notes are not so listed, on a pro rata basis or by lot or such similar method in accordance with the
procedures of DTC; provided that no Notes of $2,000 or less shall be purchased or redeemed in part. 
 Notices of purchase or
redemption shall be mailed by first class mail, postage prepaid, at least 30 but not more than 60 days before the purchase or redemption date to each Holder of Notes to be purchased or redeemed at such Holder’s registered address. If any Note
is to be purchased or redeemed in part only, any notice of purchase or redemption that relates to such Note shall state the portion of the principal amount thereof that has been or is to be purchased or redeemed. 

A new Note in principal amount equal to the unpurchased or unredeemed portion of any Note purchased or redeemed in part will be issued in the
name of the Holder thereof upon cancellation of the original Note. On and after the purchase or Redemption Date, unless the Company defaults in payment of the purchase or Redemption Price, interest shall cease to accrue on Notes or portions thereof
purchased or called for redemption. 

  
 -90- 

 SECTION 1106. Notice of Redemption. 

Notice of redemption shall be given in the manner provided for in Section 1305 not less than 30 nor more than 60 days prior to the
Redemption Date, to each Holder to be redeemed. Except as set forth in Section 1101(c), notices of redemption may not be conditional. 

All notices of redemption shall state: 

(1) the Redemption Date, 

(2) the Redemption Price and the amount of accrued interest to the Redemption Date payable as provided in Section 1108, if
any, 
 (3) if less than all Outstanding Notes are to be redeemed, the identification (and, in the case of a partial
redemption, the principal amounts) of the particular Notes to be redeemed, 
 (4) in case any Note is to be redeemed in part
only, the notice which relates to such Note shall state that on and after the Redemption Date, upon surrender of such Note, the holder will receive, without charge, a new Note or Notes of authorized denominations for the principal amount thereof
remaining unredeemed, 
 (5) that on the Redemption Date the Redemption Price (and accrued interest, if any, to the
Redemption Date payable as provided in Section 1108) will become due and payable upon each such Note, or the portion thereof, to be redeemed, and that interest thereon will cease to accrue on and after said date, 

(6) the place or places where such Notes are to be surrendered for payment of the Redemption Price and accrued interest, if
any, 
 (7) the name and address of the Paying Agent, 

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

(9) the CUSIP number, and that no representation is made as to the accuracy or correctness of the CUSIP number, if any, listed
in such notice or printed on the Notes, 
 (10) the paragraph of the Notes pursuant to which the Notes are to be redeemed;
and 
 (11) any condition to such redemption. 

Notice of redemption of Notes to be redeemed at the election of the Company shall be given by the Company or, at the Company’s request,
upon notice to the Trustee of at least 35 days prior to such Redemption Date (unless a shorter notice shall be satisfactory to the Trustee) by the Trustee in the name and at the expense of the Company. 

SECTION 1107. Deposit of Redemption Price. 

On or before 10:00 a.m. New York City time on Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the
Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 1003) an amount of money sufficient to pay the Redemption Price of, and accrued interest, if any, on, all the Notes which are to be redeemed on that
date. 

  
 -91- 

 The Trustee or the Paying Agent will promptly return to the Company any money deposited with the
Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest, if any, on, all Notes to be redeemed or purchased. 

SECTION 1108. Notes Payable on Redemption Date. 

Notice of redemption having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, become due and payable at the
Redemption Price therein specified (together with accrued interest to the Redemption Date) (except as provided in Section 1101(e)), and from and after such date (unless the Company shall default in the payment of the Redemption Price and
accrued interest) such Notes shall cease to bear interest. Upon surrender of any such Note for redemption in accordance with said notice, such Note shall be paid by the Company at the Redemption Price, together with accrued interest to the
Redemption Date; provided, however, that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Notes, or one or more Predecessor Notes, registered as such at the
close of business on the relevant Record Dates according to their terms and the provisions of Section 307. 
 If any Note called for
redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes. 

SECTION 1109. Notes Redeemed in Part. 

Any Note which is to be redeemed only in part (pursuant to the provisions of this Article) shall be surrendered at the office or agency of the
Company maintained for such purpose pursuant to Section 1002 (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the
Holder thereof or such Holder’s attorney duly authorized in writing), and the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Note without service charge, a new Note or Notes, of any authorized
denomination as requested by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Note so surrendered. 

ARTICLE TWELVE 

DEFEASANCE AND COVENANT DEFEASANCE 

Article XII of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as described in, and
to the extent of, this Article Twelve. 
 SECTION 1201. Company’s Option To Effect Legal Defeasance or Covenant Defeasance. 

The Company may, at its option by Board Resolution, at any time, with respect to the Notes, elect to have either Section 1202 or
Section 1203 applied to all Outstanding Notes upon compliance with the conditions set forth below in this Article Twelve. 
 SECTION
1202. Legal Defeasance and Discharge. 
 Upon the Company’s exercise under Section 1201 of the option applicable to this
Section 1202, the Company shall be deemed to have been discharged from its respective obligations with respect to all Outstanding Notes on the date the conditions set forth in Section 1204 are satisfied (hereinafter,

  
 -92- 

 
“Legal Defeasance”). For this purpose, such Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by the Outstanding
Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 and the other Sections of this Supplemental Indenture referred to in (A) and (B) below, and to have satisfied all its other
obligations under such Notes and this Supplemental Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following which shall survive
until otherwise terminated or discharged hereunder: (A) the rights of Holders of Outstanding Notes to receive payments in respect of the principal of (and premium, if any, on) and interest on such Notes when such payments are due, solely out of
the trust described in Section 1204, (B) the Company’s obligations with respect to such Notes under Sections 304, 305, 306, 1002 and 1003, (C) the rights, powers, trusts, duties and immunities of the Trustee hereunder, and the
obligations of the Company in connection therewith and (D) this Article Twelve. Subject to compliance with this Article Twelve, the Company may exercise its option under this Section 1202 notwithstanding the prior exercise of its option
under Section 1203 with respect to the Notes. 
 SECTION 1203. Covenant Defeasance. 

Upon the Company’s exercise under Section 1201 of the option applicable to this Section 1203, the Company shall be released from
its respective obligations under any covenant contained in Sections 801, 802 and in Sections 1005, 1006, 1007, 1009 through 1018 with respect to the Outstanding Notes on and after the date the conditions set forth below are satisfied (hereinafter,
“Covenant Defeasance”), and the Notes shall thereafter be deemed not to be “Outstanding” for the purposes of any direction, waiver, consent or declaration or Act of Holders (and the consequences of any thereof) in connection with
such covenants, but shall continue to be deemed “Outstanding” for all other purposes hereunder. For this purpose, such Covenant Defeasance means that, with respect to the Outstanding Notes, the Company, may omit to comply with and shall
have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to
any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Sections 501(3), 501(4), 501(5) and 501(7) and, with respect to only any Significant Subsidiary and not the
Company, Section 501(6), but, except as specified above, the remainder of this Supplemental Indenture and such Notes shall be unaffected thereby. 

SECTION 1204. Conditions to Legal Defeasance or Covenant Defeasance. 

The following shall be the conditions to application of either Section 1202 or Section 1203 to the Outstanding Notes: 

(1) The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee satisfying the
requirements of Section 608 who shall agree to comply with the provisions of this Article Twelve applicable to it) as trust funds in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated
solely to the benefit of the Holders of such Notes; (A) cash in U.S. dollars, or (B) Government Securities, or (C) a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized investment
banking firm, appraisal firm or firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or other qualifying trustee) to pay and
discharge, the principal of (and premium, if any) and interest on the Outstanding Notes on the Stated Maturity (or Redemption Date, if applicable); provided that the Trustee shall have been irrevocably instructed to apply such cash or the
proceeds of such Government Securities to said payments with respect to the Notes. Before such a deposit, the Company may give to the Trustee, in accordance with Section 

  
 -93- 

 
1104 hereof, a notice of its election to redeem all of the Outstanding Notes at a future date in accordance with Article Eleven hereof, which notice shall be irrevocable. Such irrevocable
redemption notice, if given, shall be given effect in applying the foregoing; 
 (2) in the case of Legal Defeasance, the
Company shall have delivered to the Trustee an Opinion of Counsel in the United States reasonably acceptable to the Trustee confirming that, subject to customary assumptions and exclusions, 

(A) the Company has received from, or there has been published by, the United States Internal Revenue Service a ruling, or 

(B) since the issuance of the Notes, there has been a change in the applicable U.S. Federal income tax law, 

in either case to the effect that, and based thereon such Opinion of Counsel in the United States shall confirm that, subject to customary
assumptions and exclusions, the Holders of the Outstanding Notes will not recognize income, gain or loss for U.S. Federal income tax purposes as a result of such Legal Defeasance and will be subject to U.S. Federal income tax on the same amounts, in
the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 
 (3) in the
case of Covenant Defeasance, the Company shall have delivered to the Trustee an Opinion of Counsel in the United States reasonably acceptable to the Trustee confirming that, subject to customary assumptions and exclusions, the Holders of the
Outstanding Notes will not recognize income, gain or loss for U.S. Federal income tax purposes as a result of such Covenant Defeasance and will be subject to U.S. Federal income tax on the same amounts, in the same manner and at the same times as
would have been the case if such Covenant Defeasance had not occurred; 
 (4) no Default or Event of Default with respect to
the Outstanding Notes (other than that resulting from borrowing funds to be applied to make such deposit or the granting of Liens in connection therewith) shall have occurred and be continuing on the date of such deposit; 

(5) such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under
any other material agreement or instrument (other than this Supplemental Indenture) to which, the Company is a party or by which the Company is bound (other than that resulting from borrowing funds to be applied to make such deposit and the granting
of Liens in connection therewith); 
 (6) the Company shall have delivered to the Trustee an Officers’ Certificate
stating that the deposit was not made by the Company with the intent of defeating, hindering, delaying or defrauding any creditors of the Company or others; and 

(7) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel in the United
States (which Opinion of Counsel may be subject to customary assumptions and exclusions), each stating that all conditions precedent provided for or relating to the Legal Defeasance or the Covenant Defeasance, as the case may be, have been complied
with. 

  
 -94- 

 SECTION 1205. Deposited Money and Government Securities To Be Held in Trust; Other
Miscellaneous Provisions. 
 Subject to the provisions of the last paragraph of Section 1003, all cash and Government Securities
(including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 1205, the “Trustee”) pursuant to Section 1204 in respect of the Outstanding Notes shall be held
in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Supplemental Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee
may determine, to the Holders of such Notes of all sums due and to become due thereon in respect of principal (and premium, if any) and interest, but such money or Government Securities need not be segregated from other funds except to the extent
required by law. 
 The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the
Government Securities deposited pursuant to Section 1204 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the Outstanding Notes. 

Anything in this Article Twelve to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon
Company Request any money or Government Securities held by it as provided in Section 1204 which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the
Trustee, are in excess of the amount thereof which would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance, as applicable, in accordance with this Article. 

SECTION 1206. Reinstatement. 

If the Trustee or any Paying Agent is unable to apply any money or Government Securities in accordance with Section 1205 by reason of any
order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under this Supplemental Indenture and the Outstanding Notes shall be revived and
reinstated as though no deposit had occurred pursuant to Section 1202 or 1303, as the case may be, until such time as the Trustee or Paying Agent is permitted to apply all such money or Government Securities in accordance with
Section 1205; provided, however, that if the Company makes any payment of principal of (or premium, if any) or interest on any Note following the reinstatement of its obligations, the Company shall be subrogated to the rights of
the Holders of such Notes to receive such payment from the money or Government Securities held by the Trustee or Paying Agent. 
 ARTICLE
THIRTEEN 
 MISCELLANEOUS PROVISIONS 

Each of Article XVI and Section 6.05 of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the
Notes except as described in, and to the extent of, this Article Thirteen. 
 SECTION 1301. Compliance Certificates and Opinions.

 Upon any application or request by the Company to the Trustee to take any action under any provision of this Supplemental Indenture, the
Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Supplemental Indenture (including 

  
 -95- 

 
any covenant compliance with which constitutes a condition precedent) relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel
all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision of this Supplemental Indenture relating
to such particular application or request, no additional certificate or opinion need be furnished. 
 Every certificate or opinion with
respect to compliance with a condition or covenant provided for in this Supplemental Indenture (other than pursuant to Section 1008(a)) shall include: 

(1) a statement that each individual signing such certificate or opinion has read such covenant or condition and the
definitions herein relating thereto; 
 (2) a brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such certificate or opinion are based; 
 (3) a statement that, in the
opinion of each such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(4) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 

SECTION 1302. Form of Documents Delivered to Trustee. 

In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that
all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other
such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 
 Any
certificate or opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know,
that the certificate or opinion or representations with respect to the matters upon which his certificate or opinion is based are erroneous. Any such certificate or opinion may be based, insofar as it relates to factual matters, upon a certificate
or opinion of, or representations by, an officer or officers of the Company stating that the information with respect to such factual matters is in the possession of the Company, unless such counsel knows, or in the exercise of reasonable care
should know, that the certificate or opinion or representations with respect to such matters are erroneous. 
 Where any Person is required
to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under this Supplemental Indenture, they may, but need not, be consolidated and form one instrument. 

SECTION 1303. Acts of Holders. 

(a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Supplemental Indenture to be given
or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or 

  
 -96- 

 
by agents duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and,
where it is hereby expressly required, to the Company. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or
instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Supplemental Indenture and conclusive in favor of the Trustee and the Company, if made in the manner
provided in this Section. 
 (b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the
affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution
thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of authority. The fact and date of the execution of any such instrument or
writing, or the authority of the Person executing the same, may also be proved in any other manner that the Trustee deems sufficient. 
 (c)
The principal amount and serial numbers of Notes held by any Person, and the date of holding the same, shall be proved by the Note Register. 

(d) If the Company shall solicit from the Holders any request, demand, authorization, direction, notice, consent, waiver or other Act, the
Company may, at its option, by or pursuant to a Board Resolution, fix in advance a record date for the determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company
shall have no obligation to do so. Notwithstanding TIA Section 316(c), such record date shall be the record date specified in or pursuant to such Board Resolution, which shall be a date not earlier than the date 30 days prior to the first
solicitation of Holders generally in connection therewith and not later than the date such solicitation is completed. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given
before or after such record date, but only the Holders of record at the close of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of Outstanding Notes have
authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the Outstanding Notes shall be computed as of such record date; provided that no such
authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Supplemental Indenture not later than eleven months after the record date. Any
request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Note shall bind every future Holder of the same Note and the Holder of every Note issued upon the registration of transfer thereof or in exchange
therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee, the Company in reliance thereon, whether or not notation of such action is made upon such Note. 

SECTION 1304. Notices, Etc., to Trustee, Company and Agent. 

Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this
Supplemental Indenture to be made upon, given or furnished to, or filed with, 
 (1) the Trustee by any Holder or by the
Company shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing (which may be via facsimile) to or with the Trustee at Wells Fargo Bank, National Association, 150 East 42nd Street, 40th Floor, New York, NY 10017, Attention: Corporate Trust Services, Administrator — Aircastle Limited, or 

  
 -97- 

 (2) the Company by the Trustee or by any Holder shall be sufficient for every
purpose hereunder (unless otherwise herein expressly provided) if made, given, furnished or delivered in writing and mailed, first-class postage prepaid, or delivered by recognized overnight courier, to the Company addressed to it at the address of
its principal office specified in the first paragraph, Attention: General Counsel, or at any other address previously furnished in writing to the Trustee by the Company. 

All notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; five calendar
days after being deposited in the mail, postage prepaid, if mailed by first-class mail; when receipt acknowledged, if faxed; and the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next day
delivery; provided that any notice or communication delivered to the Trustee shall be deemed effective upon actual receipt thereof. 

SECTION 1305. Notice to Holders; Waiver. 

Where this Supplemental Indenture provides for notice of any event to Holders by the Company or the Trustee, such notice shall be sufficiently
given (unless otherwise herein expressly provided) if in writing and mailed or emailed, first-class postage prepaid or by overnight air courier guaranteeing next day delivery, to each Holder affected by such event, at his address as it appears in
the Note Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any
notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders. Notices given by publication shall be deemed given on the first date on which publication is made and notices given by first-class
mail, postage prepaid, shall be deemed given five calendar days after mailing. 
 In case by reason of the suspension of or irregularities
in regular mail service or by reason of any other cause, it shall be impracticable to mail notice of any event to Holders when such notice is required to be given pursuant to any provision of this Supplemental Indenture, then any manner of giving
such notice as shall be satisfactory to the Trustee shall be deemed to be a sufficient giving of such notice for every purpose hereunder. 

Where this Supplemental Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive
such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action
taken in reliance upon such waiver. 
 SECTION 1306. Effect of Headings and Table of Contents. 

The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. 

  
 -98- 

 SECTION 1307. Successors and Assigns. 

All agreements of the Company in this Supplemental Indenture and the Notes will bind its successors. All agreements of the Trustee in this
Supplemental Indenture will bind its successors. All agreements of each Guarantor, if any, in this Supplemental Indenture will bind its successors. 

SECTION 1308. Separability Clause. 

In case any provision in this Supplemental Indenture or in the Notes shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 SECTION 1309. Benefits of
Indenture. 
 Nothing in this Supplemental Indenture or in the Notes, express or implied, shall give to any Person, other than the
parties hereto, any Paying Agent, any Notes Registrar and their successors hereunder, and the Holders, any benefit or any legal or equitable right, remedy or claim under this Supplemental Indenture. 

SECTION 1310. Governing Law. 

This Supplemental Indenture, the Notes and any Note Guarantee shall be governed by and construed in accordance with the laws of the State of
New York. This Supplemental Indenture is subject to the provisions of the Trust Indenture Act that are referred to herein or are otherwise required to be part of this Supplemental Indenture and shall, to the extent applicable, be governed by such
provisions. 
 SECTION 1311. Communication by Holders of Notes with Other Holders of Notes. 

Holders may communicate pursuant to Trust Indenture Act Section 312(b) with other Holders with respect to their rights under this
Supplemental Indenture or the Notes. The Company, the Trustee, the Notes Registrar and anyone else shall have the protection of Trust Indenture Act Section 312(c). 

SECTION 1312. Legal Holidays. 

In any case where any Interest Payment Date, Redemption Date or Stated Maturity or Maturity of any Note shall not be a Business Day, then
(notwithstanding any other provision of this Supplemental Indenture or of the Notes) payment of principal (or premium, if any) or interest need not be made on such date, but may be made on the next succeeding Business Day with the same force and
effect as if made on the Interest Payment Date, Redemption Date, or at the Stated Maturity or Maturity; provided that no interest shall accrue for the period from and after such Interest Payment Date, Redemption Date, Stated Maturity or
Maturity, as the case may be. 
 SECTION 1313. No Personal Liability of Directors, Officers, Employees and Shareholders. 

No director, officer, employee, incorporator or shareholder of the Company or any Restricted Subsidiaries shall have any liability for any
obligations of the Company or any Restricted Subsidiaries under the Notes, the Note Guarantees or this Supplemental Indenture or for any claim based on, in respect of, or by reason of such obligations or their creation. Each Holder by accepting a
Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes and the Note Guarantees. 

  
 -99- 

 SECTION 1314. Trust Indenture Act Controls. 

If any provision of the Base Indenture (as it relates to the Notes) or this Supplemental Indenture limits, qualifies or conflicts with another
provision which is required to be included therein or herein by the TIA, the provision required by the TIA shall control. If any provision of the Base Indenture (as it relates to the Notes) or this Supplemental Indenture modifies or excludes any
provision of the TIA that may be so modified or excluded, the latter provision shall be deemed to apply to the Base Indenture (as it relates to the Notes) or this Supplemental Indenture, as the case may be, as so modified or excluded, as the case
may be. 
 SECTION 1315. Counterparts. 

This Supplemental Indenture may be executed in any number of counterparts, each of which shall be original; but such counterparts shall
together constitute but one and the same instrument. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture
as to the parties hereto and may be used in lieu of the original Supplemental Indenture and signature pages for all purposes. 
 SECTION
1316. USA Patriot Act. 
 The parties hereto acknowledge that in accordance with Section 326 of the USA Patriot Act the Trustee
and Agents, like all financial institutions and in order to help fight the funding of terrorism and money laundering, are required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship
or opens an account. The parties to this Supplemental Indenture agree that they will provide the Trustee and the Agents with such information as they may reasonably request in order to satisfy the requirements of the USA Patriot Act. 

SECTION 1317. Waiver of Jury Trial. 

EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY
JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY. 

SECTION 1318. Effective Indenture. 

This Supplemental Indenture modifies, amends, supplements and deletes certain terms contained the Base Indenture. The modifications,
amendments, supplements and deletions to the Base Indenture affected by this Supplemental Indenture shall be applicable only with respect to, and shall only govern the terms of, the Notes, except as otherwise provided herein, and shall not apply to
any other securities that may be issued under the Base Indenture unless a supplemental indenture with respect to such other securities specifically incorporates such changes, modifications and supplements. 

[Signature pages follow] 

  
 -100- 

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

			
	AIRCASTLE LIMITED
		
	By:	 	 /s/ Michael J. Inglese

	Name:	 	Michael J. Inglese
	Title:	 	Chief Financial Officer

  
 S-1 

 
			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

		
	By:	 	 /s/ Stefan Victory

	Name:	 	 Stefan Victory

	Title:	 	Vice President

  
 S-2 

 EXHIBIT A 

[FACE OF NOTE] 
 AIRCASTLE LIMITED

 5.50% Senior Note due 2022 
  

							
	No.	 	CUSIP No. 00928Q AN1                    	  
		 		  	 	$            	 

 AIRCASTLE LIMITED, a Bermuda exempted company (the “Company,” which term includes any successor
Person under the Indenture hereinafter referred to), for value received, promises to pay to                     , or its registered assigns, the
principal sum of             Dollars ($            ), on February 15, 2022. 

 

			
	Interest Rate:	  	5.50% per annum.
	Interest Payment Dates:	  	February 15 and August 15 of each year commencing August 15, 2015.
	Regular Record Dates:	  	February 1 and August 1 of each year.

 Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further
provisions shall for all purposes have the same effect as if set forth at this place. 

  
 A-1-1 

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

			
	AIRCASTLE LIMITED
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 A-1-2 

 (Form of Trustee’s Certificate of Authentication) 

This is one of the 5.50% Senior Notes due 2022 referred to in the within-mentioned Indenture. 

 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory

 Dated:
                     

  
 A-1-3 

 [REVERSE SIDE OF NOTE] 

AIRCASTLE LIMITED 
 5.50% Senior
Note due 2022 
  

	1.	Principal and Interest. 

 The Company will pay the principal of the 5.50% Senior Notes
due 2022 (the “Notes”) on February 15, 2022. 
 The Company promises to pay interest on the principal amount of this Note on
each Interest Payment Date, as set forth below, at the rate of 5.50% per annum. 
 Interest will be payable semi-annually (to the
Holders of record of the Notes (or any Predecessor Notes) at the close of business on February 1 or August 1 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing August 15, 2015. 

Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from
January 15, 2015; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date,
interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 

The Company shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent
lawful, at a rate per annum equal to the rate of interest applicable to the Notes. 
  

	2.	Method of Payment. 

 The Company will pay interest (except defaulted interest) on the
principal amount of the Notes on each February 15 and August 15 to the Persons who are Holders (as reflected in the Note Register at the close of business on February 1 and August 1 immediately preceding the Interest Payment
Date), in each case, even if the Note is cancelled on registration of transfer or registration of exchange after such Regular Record Date; provided that, with respect to the payment of principal, the Company will make payment to the Holder
that surrenders this Note to any Paying Agent on or after February 15, 2022. 
 The Company will pay principal (premium, if any) and
interest in money of the United States that at the time of payment is legal tender for payment of public and private debts. The principal of (and premium, if any) and interest on the Notes shall be payable at the office or agency of the Company
maintained for such purpose in The City and State of New York or, at the option of the Company, payment of interest may be made by check mailed to the Holders of the Notes at their respective addresses set forth in the Note Register of Holders;
provided that all payments of principal, premium, if any, and interest, if any, with respect to Notes represented by one or more Global Notes registered in the name of or held by Depositary or its nominee will be made by wire transfer of
immediately available funds to the accounts specified by the Holder or Holders thereof. Until otherwise designated by the Company, the Company’s office or agency in New York shall be the office of the Trustee maintained for such purpose. If a
payment date is a date other than a Business Day at a place of payment, payment may be made at that place on the next succeeding day that is a Business Day and no interest shall accrue for the intervening period. 

  
 A-1-4 

	3.	Paying Agent and Note Registrar. 

 Initially, the Trustee will act as Paying Agent and
Note Registrar. The Company may change any Paying Agent or Note Registrar upon written notice thereto. The Company may act as Paying Agent, Note Registrar or co-registrar. 
  

	4.	Indenture; Limitations. 

 The Company issued the Notes under that certain Third
Supplemental Indenture dated as of January 15, 2015 (the “Supplemental Indenture”), between the Company and Wells Fargo Bank, National Association, as trustee (the “Trustee”), to that certain Base Indenture dated as of
December 5, 2013, between the Company and the Trustee (the “Base Indenture” and, together with the Supplemental Indenture and any future supplemental indenture entered into thereunder, the “Indenture”). Capitalized terms
herein are used as defined in the Indenture unless otherwise indicated. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act. The Notes are subject to all such
terms, and Holders are referred to the Indenture and the Trust Indenture Act for a statement of all such terms. To the extent permitted by applicable law, in the event of any inconsistency between the terms of this Note and the terms of the
Indenture, the terms of the Indenture shall control. 
 The Notes are senior unsecured obligations of the Company. The Indenture does not
limit the aggregate principal amount of the Notes. 
  

	5.	Redemption. 

 Optional Redemption. Prior to February 15, 2018, the Company
may, at its option, at any time and from time to time, redeem up to 35% of the aggregate principal amount of Notes issued (including any Additional Notes) under the Indenture at a Redemption Price equal to 105.500% of the aggregate principal amount
thereof, plus accrued and unpaid interest thereon, if any, to, but not including, the Redemption Date, subject to the right of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date, with the net
proceeds of one or more Equity Offerings of the Company; provided that at least 65% of the sum of the aggregate principal amount of Notes originally issued under the Indenture on the Issue Date remains outstanding immediately after the
occurrence of each such redemption; provided, further, that each such redemption occurs within 90 days of the date of closing of each such Equity Offering. 

The Company may also, at any time and from time to time, redeem all or a part of the Notes, upon not less than 30 nor more than 60 days’
prior notice mailed by first class mail to each Holder’s registered address, at a Redemption Price equal to the greater of (a) 100% of the principal amount of Notes redeemed, plus accrued and unpaid interest thereon to, but not including,
the Redemption Date, and (b) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes from the Redemption Date to, but not including, the maturity date of the Notes (computed using a discount rate
equal to the Treasury Rate as of such Redemption Date plus 50 basis points), plus accrued and unpaid interest to, but not including, the Redemption Date. 

The Company will be entitled, at its option, to redeem the Notes in whole if at any time it becomes obligated to pay additional amounts on the
Notes on the next interest payment date with respect to the Notes, but only if its obligation results from a change in, or an amendment to, the laws or treaties (including any regulations or official rulings promulgated thereunder) of a Relevant Tax
Jurisdiction (or a political subdivision or taxing authority thereof or therein), or from a change in any official position regarding the interpretation, administration or application of those laws, treaties, regulations or official rulings

  
 A-1-5 

 
(including a change resulting from a holding, judgment or order by a court of competent jurisdiction), that becomes effective and is announced after the Issue Date (or, if the applicable Relevant
Tax Jurisdiction became a Relevant Tax Jurisdiction on a date after the Issue Date, such later date) and provided the Company cannot avoid the obligation after taking reasonable measures to do so. If the Company redeems the Notes in these
circumstances, it will do so at a Redemption Price equal to 100% of the principal amount of the Notes redeemed, plus accrued and unpaid interest, if any, and any other amounts due to the redemption date. 

If the Company becomes entitled to redeem the Notes in these circumstances, it may do so at any time on a redemption date of its choice.
However, the Company must give the Holders of the Notes being redeemed notice of the redemption not less than 30 days or more than 60 days before the redemption date and not more than 90 days before the next date on which it would be obligated to
pay additional amounts. In addition, the Company’s obligation to pay additional amounts must remain in effect when it gives the notice of redemption. Notice of the Company’s intent to redeem the Notes shall not be effective until such time
as it delivers to the Trustee both a certificate signed by two of its officers stating that the obligation to pay additional amounts cannot be avoided by taking reasonable measures and an opinion of independent legal counsel or an independent
auditor stating that the Company is obligated to pay additional amounts because of an amendment to or change in law, treaties or position as described in the preceding paragraph. 

In addition to the Company’s rights to redeem Notes as set forth above, the Company may at any time purchase Notes in open-market
transactions, tender offers or otherwise. 
  

	6.	Repurchase upon a Change in Control and Asset Sales. 

 Upon the occurrence of (a) a
Change in Control Triggering Event, the Holders of the Notes will have the right to require that the Company purchase such Holder’s outstanding Notes, in whole or in part, at a purchase price of 101% of the principal amount thereof, plus
accrued and unpaid interest, if any, to, but not including, the date of purchase and (b) Asset Sales, the Company may be obligated to make offers to purchase Notes and other senior Indebtedness with a portion of the Net Proceeds of such Asset
Sales at a Redemption Price of 100% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of purchase. 
  

	7.	Denominations; Transfer; Exchange. 

 The Notes are in registered form without coupons, in
minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. A Holder may register the transfer or exchange of Notes in accordance with the Indenture. The Note Registrar may require a Holder, among other things, to furnish
appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. The Note Registrar need not register the transfer or exchange of any Notes (i) during a period beginning at the opening
of business 15 days before the mailing of a notice of redemption of Notes for redemption under Section 1105 of the Indenture and ending at the close of business on the day of such mailing, (ii) selected for redemption (except the
unredeemed portion of any Note being redeemed in part) and (iii) between a Record Date and the next succeeding Interest Payment Date. 
  

	8.	Persons Deemed Owners. 

 A registered Holder may be treated as the owner of a Note for
all purposes. 

  
 A-1-6 

	9.	Unclaimed Money. 

 If money for the payment of principal (premium, if any) or interest
remains unclaimed for two years, the Trustee and the Paying Agent will pay the money back to the Company at its written request. After that, Holders entitled to the money must look to the Company for payment, unless an abandoned property law
designates another Person, and all liability of the Trustee and such Paying Agent with respect to such money shall cease. 
  

	10.	Discharge and Defeasance Prior to Redemption or Maturity. 

 Subject to certain
conditions, the Company at any time shall be entitled to terminate some or all of its obligations under the Notes and the Indenture if the Company deposits with the Trustee money or Government Securities for the payment of principal and interest on
the Notes to redemption or maturity, as the case may be. 
  

	11.	Amendment; Supplement; Waiver. 

 Subject to certain exceptions, the Base Indenture (as it
refers to the Notes), the Supplemental Indenture or the Notes may be amended or supplemented with the consent of the Holders of at least a majority in aggregate principal amount of the Outstanding Notes, and any existing Default or compliance with
any provision may be waived with the consent of the Holders of a majority in aggregate principal amount of the Outstanding Notes. Without notice to or the consent of any Holder, the parties thereto may amend or supplement the Indenture or the Notes
to, among other things, cure any ambiguity, defect or inconsistency and make any change that does not adversely affect the rights of any Holder. 
  

	12.	Restrictive Covenants. 

 The Indenture contains certain covenants, including, without
limitation, covenants with respect to the following matters: (i) Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock; (ii) Restricted Payments; (iii) Transactions with Affiliates; (iv) Liens;
(v) Purchase of Notes upon a Change in Control; (vi) Disposition of Proceeds of Asset Sales; (vii) Note Guarantees; (viii) Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries; and (ix) Amalgamation,
Merger, Consolidation or Sale of all or Substantially all Assets. 
  

	13.	Successor Persons. 

 When a successor Person or other entity assumes all the obligations
of its predecessor under the Notes and the Indenture, the predecessor Person will be released from those obligations. 
  

	14.	Remedies for Events of Default. 

 If an Event of Default, as defined in the Indenture,
occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the Outstanding Notes may declare all the Notes to be immediately due and payable. If a bankruptcy or insolvency default with respect to the Company or any
of its Significant Subsidiaries occurs and is continuing, the Notes automatically become immediately due and payable. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee may require indemnity
reasonably satisfactory to it before it enforces the Indenture or the Notes. Subject to certain limitations, Holders of at least a majority in aggregate principal amount of the Outstanding Notes may direct the Trustee in its exercise of any trust or
power. 

  
 A-1-7 

	15.	Guarantees. 

 If the Notes are guaranteed, the Company’s obligations under the Notes
are fully, irrevocably and unconditionally guaranteed on a senior basis, to the extent set forth in the Indenture, by each of the Guarantors. 
  

	16.	Trustee Dealings with Company. 

 The Trustee under the Indenture, in its individual or
any other capacity, may become the owner or pledgee of Notes and may make loans to, accept deposits from, perform services for, and otherwise deal with, the Company and its Affiliates as if it were not the Trustee. 

 

	17.	Authentication. 

 This Note shall not be valid until the Trustee signs the certificate of
authentication on the other side of this Note. 
  

	18.	Abbreviations. 

 Customary abbreviations may be used in the name of a Holder or an
assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian) and U/G/M/A (= Uniform Gifts to Minors Act). 

The Company will furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to Aircastle
Limited, 300 First Stamford Place, 5th Floor, Stamford, Connecticut 06902, attention of Dave Walton, General Counsel. 
  

	19.	GOVERNING LAW. 

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

  
 A-1-8 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 (I) or (we)
assign and transfer this Note to: 
  
  

(Insert assignee’s legal name) 
  

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

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

and irrevocably appoint 
  

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

			
	Your Signature:	 	
		 	 (Sign exactly as your name appears on

the face of this Note)

 Signature Guarantee*:
                     
  

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

  
 A-1-9 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 1016 or 1017 of the Indenture, check the appropriate
box below: 
  ̈
Section 1016                     ̈ Section 1017 

If you want to elect to have only part of the Note purchased by the Company pursuant to Section 1016 or Section 1017 of the
Indenture, state the amount you elect to have purchased: 

$                     

Date:                      

 

			
	Your Signature:
		 	(Sign exactly as your name appears on the face of this Note)
	
	Tax Identification No.:
                                        

 Signature Guarantee*:
                     
  

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

  
 A-1-10 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

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

									
	 Date of Exchange
	  	Amount of
decrease
in Principal
Amount
of this Global Note	  	Amount of
increase
in Principal
Amount
of this Global Note	  	Principal Amount
of this Global
Note
following such
decrease (or
increase)	  	Signature of
authorized signatory
of Trustee
or Custodian
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 

  

	*	This schedule should be included only if the Note is issued in global form 

  
 A-1-11 

 EXHIBIT B 

INCUMBENCY CERTIFICATE 
 The
undersigned,                     , being the
                    of                     (the
“Company”), does hereby certify that the individuals listed below are qualified and acting officers of the Company as set forth in the right column opposite their respective names and the signatures appearing in the extreme right column
opposite the name of each such officer is a true specimen of the genuine signature of such officer and such individuals have the authority to execute documents to be delivered to, or upon the request of, WELLS FARGO BANK, NATIONAL ASSOCIATION, as
Trustee under the Indenture dated as of                     , 20    , by and between the Company and WELLS FARGO BANK, NATIONAL
ASSOCIATION. 
  

									
	 Name
	  	 	  	 Title
	 	 	 	 Signature

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate as of the day
                    of                     ,
20    . 
  

			
	By:	 	  

	Name:	 	
	Title:	 	

  
 B-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00239-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00239-of-00352.parquet"}]]