Document:

EX-10.1

 Exhibit 10.1 

Execution Version 

REGISTRATION RIGHTS AGREEMENT 

This Registration Rights Agreement (including all exhibits hereto and as may be amended, supplemented or amended and restated from time to
time in accordance with the terms hereof, this “Agreement”) is made and entered into as of April 12, 2017 by and among Ultra Petroleum Corp., a Yukon, Canada corporation (the “Company”), and the other parties
signatory hereto and any additional parties identified on the signature pages of any joinder agreement executed and delivered pursuant hereto. 

WHEREAS, on April 29, 2016, the Company and certain affiliated debtors (collectively, the “Debtors”) filed voluntary
petitions for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”); 

WHEREAS, the Debtors’ Second Amended Joint Chapter 11 Plan of Reorganization (including all exhibits, schedules and supplements
thereto and as amended from time to time, the “Plan”) was confirmed by the Bankruptcy Court on March 14, 2017; and 

WHEREAS, the Plan provides that the Company will enter into a registration rights agreement with (i) each HoldCo Equityholder and HoldCo
Noteholder that receives at least ten percent (10%) or more of the New Common Stock issued under the Plan and/or the Rights Offering or that cannot sell its New Common Stock under Rule 144 of the Securities Act without volume or manner of sale
restrictions and (ii) each Backstop Party, in accordance with the terms set forth in the Plan; and 
 WHEREAS, the Company and the
Holders (as defined below) are entering into this Agreement in furtherance of the aforesaid provisions of the Plan. 
 NOW, THEREFORE, IN
CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Company and each of the Holders agree as follows: 

1.    Definitions. Capitalized terms used and not otherwise defined herein that are defined in the Plan have the
meanings given such terms in the Plan. As used in this Agreement, the following terms shall have the following meanings: 

“Advice” has the meaning set forth in Section 16(c). 

“Affiliate” means, with respect to any person, any other person which directly or indirectly controls, is controlled by, or
is under common control with, such person. The term “control” (including the terms “controlled by” and “under common control with”) as used in this definition means the possession, directly or indirectly (including
through one or more intermediaries), of the power or authority to direct or cause the direction of management, whether through the ownership of voting securities, by contract or otherwise. 

“Agreement” has the meaning set forth in the Preamble. 

 “Automatic Shelf Registration Statement” means an “automatic shelf
registration statement” as defined in Rule 405 promulgated under the Securities Act, as such definition may be amended from time to time. 

“Backstop Commitment Agreement” means that certain Backstop Commitment Agreement, dated as of November 21, 2016, by and
among the Company and the backstop commitment parties that are parties thereto as may be amended, restated or supplemented from time to time. 

“Bankruptcy Court” has the meaning set forth in the Preamble. 

“beneficially own” (and related terms such as “beneficial ownership” and “beneficial owner”) shall have
the meaning given to such term in Rule 13d-3 under the Exchange Act, and any Person’s beneficial ownership of securities shall be calculated in accordance with the provisions of such Rule. 

“Board” means the Board of Directors of the Company or any authorized committee thereof. 

“Bought Deal” has the meaning set forth in Section 8(a). 

“Business Day” means any day, other than a Saturday or Sunday or a day on which commercial banks in New York City are
authorized or required by law to be closed. 
 “Commission” means the Securities and Exchange Commission. 

“Common Stock” means the common stock of the Company, without par value, and any securities into which such shares of common
stock may hereinafter be reclassified. 
 “Company” has the meaning set forth in the Preamble and includes the
Company’s successors by merger, acquisition, reorganization or otherwise. 
 “Counsel to the Holders” means
(i) with respect to any Demand Registration, the counsel selected by the Holders of a majority of the Registrable Securities initially requesting such Demand Registration and (ii) with respect to any Underwritten Takedown or Piggyback
Offering, the counsel selected by the Majority Holders. 
 “Debtors” has the meaning set forth in the Preamble. 

“Demand Registration” has the meaning set forth in Section 5(a). 

“Demand Registration Request” has the meaning set forth in Section 5(a). 

“Effective Date” means the date that a Registration Statement filed pursuant to this Agreement is first declared effective by
the Commission. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder. 

  
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 “Form S-1” means form S-1 under the Securities Act, or any other form hereafter adopted by the Commission for the general registration of securities under the Securities Act. 

“Form S-3” means form S-3 under the
Securities Act, or any other form hereafter adopted by the Commission having substantially the same usage as Form S-3. 

“Form S-4” means form S-4 under the
Securities Act, or any other form hereafter adopted by the Commission having substantially the same usage as Form S-4. 

“Form S-8” means form S-8 under the
Securities Act, or any other form hereafter adopted by the Commission having substantially the same usage as Form S-8. 

“FINRA” has the meaning set forth in Section 10. 

“Grace Period” has the meaning set forth in Section 7(a)(B). 

“Holder” or “Holders” means the parties signatory to this Agreement, other than the Company, and any
additional parties identified on the signature pages of any joinder agreement executed and delivered pursuant to this Agreement. A Person shall cease to be a Holder hereunder at such time as it ceases to hold any Registrable Securities. 

“Indemnified Party” has the meaning set forth in Section 12(c). 

“Indemnifying Party” has the meaning set forth in Section 12(c). 

“Initial Registrable Securities Number” means the number of Registrable Securities beneficially owned by all Holders as of
the Plan Effective Date, appropriately adjusted for any stock splits, reverse stock splits, stock dividends or similar transactions involving the Company’s Common Stock. 

“Initial Shelf Expiration Date” has the meaning set forth in Section 2(f). 

“Initial Shelf Registration Statement” has the meaning set forth in Section 2(a). 

“Lockup Period” has the meaning set forth in Section 11(a). 

“Losses” has the meaning set forth in Section 12(a). 

“Majority Holders” means, with respect to any Underwritten Offering, the holders of a majority of the Registrable Securities
to be included in such Underwritten Offering held by all Holders that have made the request requiring the Company to conduct such Underwritten Offering (but not including any Holders that have exercised “piggyback” rights hereunder to be
included in such Underwritten Offering). 
 “Other Holder” has the meaning set forth in Section 8(b). 

“Person” means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture,
limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind. 

  
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 “Piggyback Notice” has the meaning set forth in Section 8(a). 

“Piggyback Offering” has the meaning set forth in Section 8(a). 

“Plan” has the meaning set forth in the Preamble. 

“Plan Effective Date” shall mean the date on which the Plan becomes effective. 

“Proceeding” means an action, claim, suit, investigation or proceeding (including, without limitation, an investigation or
partial proceeding, such as a deposition), whether commenced or threatened. 
 “Prospectus” means the prospectus included
in a Registration Statement (including, without limitation, a prospectus that includes any information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A promulgated under the
Securities Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of any portion of the Registrable Securities covered by a Registration Statement, and all other amendments and supplements to the
Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference in such Prospectus. 

“Registrable Securities” means, collectively, (a) as of the Plan Effective Date, all shares of Common Stock issued to
any Holder or to any Affiliate or Related Fund of any Holder, either directly or pursuant to a joinder or assignment and any additional shares of Common Stock acquired by any Holder, Affiliate or Related Fund of any Holder in open market or other
purchases and issued or issuable to any Holder, Affiliate or Related Fund of any Holder upon the exercise of warrants or otherwise, after the Plan Effective Date and (b) any additional shares of Common Stock paid, issued or distributed in
respect of any such shares by way of a stock dividend, stock split or distribution, or in connection with a combination of shares, and any security into which such Common Stock shall have been converted or exchanged in connection with a
recapitalization, reorganization, reclassification, merger, consolidation, exchange, distribution or otherwise; provided, however, that as to any Registrable Securities, such securities shall cease to constitute Registrable Securities
upon the earliest to occur of: (i) the date on which such securities are disposed of pursuant to an effective Registration Statement; (ii) the date on which such securities are disposed of pursuant to Rule 144 (or any similar
provision then in effect) promulgated under the Securities Act; (iii) the date on which (A) the entire amount of the Registrable Securities owned by the relevant Holder, Affiliate or Related Fund of such Holder may be sold in a single
sale, in the opinion of counsel satisfactory to the Company and such Holder, each in their reasonable judgment, pursuant to Rule 144 (or any similar provision then in effect) promulgated under the Securities Act and without any limitation as to
volume or manner of sale restrictions and (B) such Holder owning such Registrable Securities owns less than 5% of the outstanding shares of Common Stock on a fully diluted basis, and (iv) the date on which such Registrable Securities cease
to be outstanding. 
 “Registration Statement” means any one or more registration statements of the Company filed under the
Securities Act that covers the resale of any of the Registrable Securities pursuant to the provisions of this Agreement (including without limitation any Shelf Registration 

  
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Statement), amendments and supplements to such Registration Statements, including post-effective amendments, all exhibits and all material incorporated by reference or deemed to be incorporated
by reference in such Registration Statements. 
 “Related Fund” means, with respect to any Person, any fund, account or
investment vehicle that is controlled or managed by such Person, by any Affiliate of such Person, or, if applicable, such Person’s investment manager. 

“Rule 144” means Rule 144 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time
to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule. 

“Rule 158” means Rule 158 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time
to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule. 

“Rule 415” means Rule 415 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time
to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule. 

“Rule 424” means Rule 424 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time
to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. 

“Selling Stockholder Questionnaire” means a questionnaire reasonably adopted by the Company from time to time. 

“Shelf Registration Statement” means a Registration Statement filed with the Commission in accordance with the Securities Act
for the offer and sale of Registrable Securities by Holders on a continuous or delayed basis pursuant to Rule 415. 
 “Trading
Market” means whichever of the New York Stock Exchange, the NYSE MKT, the NASDAQ Global Select Market, the NASDAQ Global Market, the NASDAQ Capital Market, OTC Bulletin Board, or OTC Markets Group marketplace on which the Common Stock is
listed or quoted for trading on the date in question. 
 “Transfer” has the meaning set forth in
Section 14. 
 “Underwritten Offering” means an offering Registrable Securities under a
Registration Statement in which the Registrable Securities are sold to an underwriter for reoffering to the public. 
 “Underwritten
Takedown” has the meaning set forth in Section 2(h). 

  
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 2.    Initial Shelf Registration. 

(a)    The Company shall prepare a Shelf Registration Statement (as may be amended from time to time, the “Initial
Shelf Registration Statement”), and shall include in the Initial Shelf Registration Statement the Registrable Securities of each Holder who shall request inclusion therein of some or all of their Registrable Securities by checking the
appropriate box on the signature page of such Holder hereto or by written notice to the Company no later than five (5) Business Days after the Plan Effective Date. The Company shall file the Initial Shelf Registration Statement with the
Commission on or prior to the 10th Business Day following the Plan Effective Date. 
 (b)    The Company shall include
in the Initial Shelf Registration Statement all Registrable Securities whose inclusion has been timely requested as aforesaid; provided, however, that the Company shall not be required to include an amount of Registrable
Securities in excess of the amount as may be permitted to be included in such Registration Statement under the rules and regulations of the Commission and the applicable interpretations thereof by the staff of the Commission. 

(c)    Upon the request of any Holder whose Registrable Securities are not included in the Initial Shelf Registration
Statement at the time of such request, the Company shall amend the Initial Shelf Registration Statement to include the Registrable Securities of such Holder; provided that the Company shall not be required to amend the Initial Shelf
Registration Statement more than once every fiscal quarter of the Company. 
 (d)    Within ten (10) days after
receiving a request pursuant to Section 2(c), the Company shall give written notice of such request to all other Holders of Registrable Securities and shall include in such amendment all such Registrable Securities with respect to which the
Company has received written requests for inclusion therein within fifteen (15) days after the Company’s giving of such notice, provided that such Registrable Securities are not already covered by an existing and effective
Registration Statement that may be utilized for the offer and sale of the Registrable Securities requested to be registered in the manner so requested. 

(e)    The Initial Shelf Registration Statement shall be on Form S-1;
provided, however, that, if the Company becomes eligible to register the Registrable Securities for resale by the Holders on Form S-3 (including without limitation a Form S-3 filed as an Automatic Shelf Registration Statement), the Company shall be entitled to amend the Initial Shelf Registration Statement to a Shelf Registration Statement on Form
S-3 or file a Shelf Registration Statement on Form S-3 in substitution of the Initial Shelf Registration Statement as initially filed. 

(f)    The Company shall use its reasonable best efforts to cause the Initial Shelf Registration Statement to be declared
effective by the Commission as promptly as practicable, and shall use its reasonable best efforts to keep such Initial Shelf Registration Statement continuously effective, and not subject to any stop order, injunction or other similar order or
requirement of the Commission, until the earlier of (i) the date the Company (A) is eligible to register the Registrable Securities for resale by Holders on Form S-3 and (B) has filed such
Registration Statement with the Commission and which is effective and (ii) the date that all Registrable Securities covered by the Initial Shelf Registration Statement shall cease to be Registrable Securities (such earlier date, the
“Initial Shelf Expiration Date”). In the event of 

  
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any stop order, injunction or other similar order or requirement of the Commission relating to the Initial Shelf Registration Statement, if any Registrable Securities covered by the Initial Shelf
Registration Statement remain unsold, the period during which the Initial Shelf Registration Statement shall be required to remain effective will be extended by the number of days during which such stop order, injunction or similar order or
requirement is in effect. 
 (g)    If the Initial Shelf Registration Statement is on Form S-1, then for so long as any Registrable Securities covered by the Initial Shelf Registration Statement remain unsold, the Company will file any supplements to the Prospectus or post-effective amendments required to
be filed by applicable law in order to incorporate into such Prospectus any Current Reports on Form 8-K necessary or required to be filed by applicable law, any Quarterly Reports on Form 10-Q or any Annual Reports on Form 10-K filed by the Company with the Commission, or any other information necessary so that (i) the Initial Shelf Registration Statement
shall not include any untrue statement of material fact or omit to state any material fact necessary in order to make the statements therein not misleading, and (ii) the Company complies with its obligations under Item 512(a)(1) of Regulation S-K; provided, however, that these obligations remain subject to the Company’s rights under Section 7 of this Agreement. 

(h)    Upon the demand of one or more Holders, the Company shall facilitate a “takedown” of Registrable
Securities in the form of an Underwritten Offering (each, an “Underwritten Takedown”), in the manner and subject to the conditions described in Section 6 of this Agreement, provided
that (i) the number of shares included in such “takedown” shall equal at least twenty percent (20%) of all Registrable Securities at such time or (ii) the Registrable Securities requested to be sold by the Holders in such
“takedown” shall have an anticipated aggregate gross offering price (before deducting underwriting discounts and commission) of at least $25.0 million. 

3.    Subsequent Shelf Registration Statements 

(a)    After (i) the Effective Date of the Initial Shelf Registration Statement and prior to the Initial Shelf
Expiration Date and (ii) for so long as any Registrable Securities remain outstanding, the Company shall use its best efforts to (A) ensure that it will be eligible to register the Registrable Securities on Form S-3 after the Initial Shelf Expiration Date, and (B) meet the requirements of General Instruction VII of Form S-1 after the Initial Shelf Expiration Date. 

(b)    After the Initial Shelf Expiration Date and for so long as any Registrable Securities remain outstanding, the
Company shall use its best efforts to (A) be eligible and/or to maintain its eligibility to register the Registrable Securities on Form S-3, and (B) meet the requirements of General Instruction VII
of Form S-1. 
 (c)    After the Initial Shelf Expiration Date and for so long
as any Registrable Securities remain outstanding, if there is not an effective Registration Statement which includes the Registrable Securities that are currently outstanding, the Company shall (i) if the Company is eligible to register the
Registrable Securities on Form S-3, promptly file a Shelf Registration Statement on Form S-3 and use its reasonable best efforts to cause such Registration Statement to
be declared effective or (ii) promptly file a Shelf Registration 

  
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Statement on Form S-1 and use its reasonable best efforts to cause such Registration Statement to be declared effective and for so long as any Registrable
Securities covered by such Shelf Registration on Form S-1 remain unsold, the Company will file any supplements to the Prospectus or post-effective amendments required to be filed by applicable law in order to
incorporate into such Prospectus any Current Reports on Form 8-K necessary or required to be filed by applicable law, any Quarterly Reports on Form 10-Q or any Annual
Reports on Form 10-K filed by the Company with the Commission, or any other information necessary so that (x) such Shelf Registration shall not include any untrue statement of material fact or omit to
state any material fact necessary in order to make the statements therein not misleading, and (y) the Company complies with its obligations under Item 512(a)(1) of Regulation S-K; provided,
however, that these obligations remain subject to the Company’s rights under Section 7 of this Agreement. 

4.    Quotation on OTC Market 

(a)     Until and unless (x) the Common Stock is listed on a “national securities exchange” as defined in
Rule 600(b)(45) of Regulation National Market System promulgated by the Commission, as amended or (y) the Common Stock may be sold by any and all Holders without restriction by the Commission pursuant to a Registration Statement in an at-the-market offering, the Company shall use its reasonable best efforts to cause the Common Stock to be quoted on any of the OTCBB, OTCQX or OTCQB markets as promptly as
practicable after the Plan Effective Date and shall thereafter use its reasonable best efforts to maintain such quotation; provided that the Company shall not be required to take any such action if it reasonably believes that the Common Stock
shall be listed on such a “national securities exchange” on the Plan Effective Date. 
 5.    Demand
Registration 
 (a)    At any time and from time to time beginning one hundred eighty (180) days after the Plan
Effective Date, any Holder or group of Holders may request in writing (“Demand Registration Request”) that the Company effect the registration of all or part of such Holder’s or Holders’ Registrable Securities with the
Commission under and in accordance with the provisions of the Securities Act (each, a “Demand Registration”). The Company will file a Registration Statement covering such Holder’s or Holders’ Registrable Securities
requested to be registered, and shall use its reasonable best efforts to cause such Registration Statement to be declared effective, as promptly as practicable after receipt of such request; provided, however, that the Company will not
be required to file a Registration Statement pursuant to this Section 5(a): 
 (A)    unless
(i) the number of Registrable Securities requested to be registered on such Registration Statement equals at least twenty percent (20%) of all Registrable Securities at such time or (ii) the Registrable Securities requested to be sold by
the Holders pursuant to such Registration Statement have an anticipated aggregate gross offering price (before deducting underwriting discounts and commission) of at least $25.0 million; 

  
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 (B)    if the Registrable Securities requested to be
registered are already covered by an existing and effective Registration Statement and such Registration Statement may be utilized for the offer and sale of the Registrable Securities requested to be registered; 

(C)    if a registration statement filed by the Company shall have previously been initially declared
effective by the Commission within the one hundred eighty (180) days preceding the date such Demand Registration Request is made; and 

(D)    if the number of Demand Registration Requests previously made pursuant to this Section 5(a)
shall equal or exceed five (5); provided, however, that a Demand Registration Request shall not be considered made for purposes of this clause (D) unless the requested Registration Statement has been declared effective by the
Commission for more than 75% of the full amount of Registrable Securities for which registration has been requested. 

(b)    A Demand Registration Request shall specify (i) the then-current name and address of such Holder or Holders,
(ii) the aggregate number of Registrable Securities requested to be registered, (iii) the total number of Registrable Securities then beneficially owned by such Holder or Holders, and (iv) the intended means of distribution. If at the
time the Demand Registration Request is made the Company appears, based on public information available to such Holder or Holders, eligible to use Form S-3 for the offer and sale of the Registrable Securities,
the Holder or Holders making such request may request that the registration be in the form of a Shelf Registration Statement (for the avoidance of doubt, the Company shall not be under the obligation to file a Shelf Registration on Form S-3 if, upon the advice of its counsel, it is not eligible to make such a filing). 

(c)    The Company may satisfy its obligations under Section 5(a) hereof by amending (to the extent permitted by
applicable law) any registration statement previously filed by the Company under the Securities Act, so that such amended registration statement will permit the disposition (in accordance with the intended methods of disposition specified as
aforesaid) of all of the Registrable Securities for which a Demand Registration Request has been properly made under Section 5(b) hereof. If the Company so amends a previously filed registration statement, it will be deemed to have effected a
registration for purposes of Section 5(a) hereof; provided, however, that the Effective Date of the amended registration statement, as amended pursuant to this Section 5(c) shall be the “the first day of
effectiveness” of such Registration Statement for purposes of determining the period during which the Registration Statement is required to be maintained effective in accordance with Section 5(e) hereof. 

(d)    Within ten (10) days after receiving a Demand Registration Request, the Company shall give written notice of
such request to all other Holders of Registrable Securities and shall, subject to the provisions of Section 6(c) in the case of an Underwritten Offering, include in such registration all such Registrable Securities with respect to which the
Company has received written requests for inclusion therein within fifteen (15) days after the Company’s giving of such notice, provided that such Registrable Securities are not already covered by an existing and effective
Registration Statement that may be utilized for the offer and sale of the Registrable Securities requested to be registered in the manner so requested. 

  
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 (e)    The Company will use its reasonable efforts to keep a Registration
Statement that has become effective as contemplated by this Section 5 continuously effective, and not subject to any stop order, injunction or other similar order or requirement of the Commission: 

(A)    in the case of a Registration Statement other than a Shelf Registration Statement, until all
Registrable Securities registered thereunder have been sold pursuant to such Registration Statement, but in no event later than two hundred seventy (270) days from the Effective Date of such Registration Statement; and 

(B)    in the case of a Shelf Registration Statement, until the earlier of: (x) three (3) years
following the Effective Date of such Shelf Registration Statement; and (y) the date that all Registrable Securities covered by such Shelf Registration Statement shall cease to be Registrable Securities; 

provided, however, that in the event of any stop order, injunction or other similar order or requirement of the Commission relating to
any Shelf Registration Statement, if any Registrable Securities covered by such Shelf Registration Statement remain unsold, the period during which such Shelf Registration Statement shall be required to remain effective will be extended by the
number of days during which such stop order, injunction or similar order or requirement is in effect; provided further, however, that if any Shelf Registration Statement was initially declared effective on Form S-3 and, prior to the date determined pursuant to Section 5(e)(B), the Company becomes ineligible to use Form S-3, the period during which such Shelf Registration
Statement shall be required to remain effective will be extended by the number of days during which the Company did not have an effective Registration Statement covering unsold Registrable Securities initially registered on such Shelf Registration
Statement. 
 (f)    The Holder or Holders making a Demand Registration Request may, at any time prior to the Effective
Date of the Registration Statement relating to such registration, revoke their request for the Company to effect the registration of all or part of such Holder’s or Holders’ Registrable Securities by providing a written notice to the
Company. If, pursuant to the preceding sentence, the entire Demand Registration Request is revoked, then, at the option of the Holder or Holders who revoke such request, either (i) such Holder or Holders shall reimburse the Company for all of
its reasonable and documented out-of-pocket expenses incurred in the preparation, filing and processing of the Registration Statement, which out-of-pocket expenses, for the avoidance of doubt, shall not include overhead expenses and which requested registration shall not count as one of the permitted Demand
Registration Requests hereunder or (ii) the requested registration that has been revoked will be deemed to have been effected for purposes of Section 5(a). 

(g)    If a Registration Statement filed pursuant to this Section 5 is a Shelf Registration
Statement, then upon the demand of one or more Holders, the Company shall facilitate a “takedown” of Registrable Securities in the form of an Underwritten Offering, in the manner and subject to the conditions described in
Section 6 of this Agreement, provided that (i) the number of shares included in such “takedown” shall equal at least twenty percent (20%) of all Registrable Securities at such time or (ii) the
Registrable Securities requested to be sold by the Holders in such “takedown” shall have an anticipated aggregate offering price (before deducting underwriting discounts and commission) of at least $25.0 million. 

  
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 6.    Procedures for Underwritten Offerings. The following procedures
shall govern Underwritten Offerings pursuant to Section 2(h) or Section 5(g), whether in the case of an Underwritten Takedown or otherwise. 

(a)    (i) The Majority Holders shall select one or more investment banking firm(s) of national standing to be the
managing underwriter or underwriters for any Underwritten Offering pursuant to a Demand Registration Request or an Underwritten Takedown with the consent of the Company, which consent shall not be unreasonably withheld, conditioned or delayed and
(ii) the Company shall select one or more investment banking firms of national standing to be the managing underwriter or underwriters for any other Underwritten Offering with the consent of the Majority Holders, which consent shall not be
unreasonably withheld, conditioned or delayed. 
 (b)    All Holders proposing to distribute their securities through an
Underwritten Offering, as a condition for inclusion of their Registrable Securities therein, shall agree to enter into an underwriting agreement with the underwriters; provided, however, that the underwriting agreement is in customary
form and reasonably acceptable to the Majority Holders and provided, further, however that no Holder of Registrable Securities included in any Underwritten Offering shall be required to make any representations or warranties to the
Company or the underwriters (other than representations and warranties regarding (i) such Holder’s ownership of its Registrable Securities to be sold or transferred, (ii) such Holder’s power and authority to effect such transfer
and (iii) such matters pertaining to compliance with securities laws as may be reasonably requested). 
 (c)    If
the managing underwriter or underwriters for an Underwritten Offering pursuant to a Demand Registration or an Underwritten Takedown advises the Holders that the total amount of Registrable Securities or other shares of Common Stock permitted to be
registered is such as to materially adversely affect the success of such Underwritten Offering, the number of Registrable Securities or other shares of Common Stock to be registered on such Registration Statement will be reduced as follows:
first, the Company shall reduce or eliminate the securities of the Company to be included by any Person other than a Holder or the Company; second, the Company shall reduce or eliminate any securities of the Company to be included by
the Company; and third, the Company shall reduce the number of Registrable Securities to be included by Holders on a pro rata basis based on the total number of Registrable Securities requested by the Holders to be included in the
Underwritten Offering. 
 (d)    Within five (5) days after receiving a request for an Underwritten Offering
constituting a “takedown” from a Shelf Registration Statement, the Company shall give written notice of such request to all other Holders, and subject to the provisions of Section 6(c) hereof, include in such Underwritten Offering
all such Registrable Securities with respect to which the Company has received written requests for inclusion therein within five (5) days after the Company’s giving of such notice; provided, however, that such Registrable
Securities are covered by an existing and effective Shelf Registration Statement that may be utilized for the offering and sale of the Registrable Securities requested to be registered. 

  
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 (e)    The Company will not be required to undertake an Underwritten Offering
pursuant to Section 2(h) or Section 5(g): 
 (A)    If the Company has undertaken an
Underwritten Offering, whether for its own account or pursuant to this Agreement, within the one hundred eighty (180) days preceding the date of the request for such Underwritten Offering is given to the Company; and 

(B)    if the number of Underwritten Offerings previously made pursuant to Section 2(h) or
Section 5(g) in the immediately preceding twelve (12)-month period shall exceed three (3); provided that an Underwritten Offering shall not be considered made for purposes of this clause (B) unless the offering has resulted in the
disposition by the Holders of at least 75% of the amount of Registrable Securities requested to be included. 

7.    Grace Periods. 

(a)    Notwithstanding anything to the contrary herein— 

(A)    the Company shall be entitled to postpone the filing or effectiveness of, or, at any time after a
Registration Statement has been declared effective by the Commission suspend the use of, a Registration Statement (including the Prospectus included therein) if in the good faith judgment of the Board, such registration, offering or use would
reasonably be expected to materially affect in an adverse manner or materially interfere with any bona fide material financing of the Company or any material transaction under consideration by the Company or would require the disclosure of
information that has not been, and is not otherwise required to be, disclosed to the public and the premature disclosure of which would materially affect the Company in an adverse manner; provided, however, that in the event such
Registration Statement relates to a Demand Registration Request or an Underwritten Offering pursuant to Section 2(h) or Section 5(g), then the Holders initiating such Demand Registration Request or such Underwritten Offering shall be
entitled to withdraw the Demand Registration Request or request for the Underwritten Offering and, if such request is withdrawn, it shall not count against the limits imposed pursuant to Section 5(a)(D) or Section 6(e)(B) and the
Company shall pay all registration expenses in connection with such registration; and 
 (B)    at any
time after a Registration Statement has been declared effective by the Commission and there is no duty to disclose under applicable law, the Company may delay the disclosure of material non-public information
concerning the Company if the disclosure of such information at the time would, in the good faith judgment of the Board, adversely affect the Company (the period of a postponement or suspension as described in clause (A) and/or a delay
described in this clause (B), a “Grace Period”). 
 (b)    The Company shall promptly (i) notify
the Holders in writing of the existence of the event or material non-public information giving rise to a Grace Period (provided that the Company shall not disclose the content of such material non-public information to any Holder, without the express consent of such Holder) or the need to file a post-effective amendment, as applicable, and the date on which such Grace Period will begin, (ii) use
reasonable best efforts to terminate a Grace Period as promptly as practicable and (iii) notify the Holders in writing of the date on which the Grace Period ends. 

  
 12 

 (c)    The duration of any one Grace Period shall not exceed forty-five
(45) days, and the aggregate of all Grace Periods in total during any three hundred sixty-five (365) day period shall not exceed sixty (60) days. For purposes of determining the length of a Grace Period, the Grace Period shall be
deemed to begin on and include the date the Holders receive the notice referred to in clause (i) of Section 7(b) and shall end on and include the later of the date the Holders receive the notice referred to in clause
(iii) of Section 7(b) and the date referred to in such notice. In the event the Company declares a Grace Period, the period during which the Company is required to maintain the effectiveness of an Initial Shelf Registration
Statement or a Registration Statement filed pursuant to a Demand Registration Request shall be extended by the number of days during which such Grace Period is in effect. 

8.    Piggyback Registration 

(a)    If at any time, and from time to time, the Company proposes to— 

(A)    file a registration statement under the Securities Act with respect to an underwritten offering of
Common Stock of the Company or any securities convertible or exercisable into Common Stock of the Company (other than with respect to a registration statement (i) on Form S-8 or any successor form
thereto, (ii) on Form S-4 or any successor form thereto or (iii) another form not available for registering the Registrable Securities for sale to the public), whether or not for its own account; or

 (B)    conduct an underwritten offering constituting a “takedown” of a class of Common Stock
or any securities convertible or exercisable into Common Stock registered under a shelf registration statement previously filed by the Company; 
 the
Company shall give written notice (the “Piggyback Notice”) of such proposed filing or underwritten offering to the Holders at least ten (10) Business Days before the anticipated filing date (provided that in the case of a
“bought deal,” “registered direct offering” or “overnight transaction” (a “Bought Deal”), such Piggyback Notice shall be given not less than two (2) Business Days prior to the expected date of
commencement of marketing efforts. Such notice shall include the number and class of securities proposed to be registered or offered, the proposed date of filing of such registration statement or the conduct of such underwritten offering, any
proposed means of distribution of such securities, any proposed managing underwriter of such securities and a good faith estimate by the Company of the proposed maximum offering price of such securities as such price is proposed to appear on the
front cover page of such registration statement (or, in the case of an Underwritten Offering, would appear on the front cover page of a registration statement), and shall offer the Holders the opportunity to register such amount of Registrable
Securities as each Holder may request on the same terms and conditions as the registration of the Company’s and/or the holders of other securities of the Company securities, as the case may be (a “Piggyback Offering”). Subject
to Section 8(b), the Company will include in each Piggyback Offering all Registrable Securities for which the Company has received written requests for inclusion within five (5) Business Days after the date the Piggyback Notice is given
(provided that in the case of a Bought Deal, such written requests for inclusion must be received within two (2) Business Days after the date the Piggyback Notice is given); provided, however, that in the case of the filing of a
registration statement, the Company will either (i) include such Registrable Securities in such underwritten offering in such 

  
 13 

 
registration statement or (ii) if such Registrable Securities are otherwise registered pursuant to an existing and effective Shelf Registration Statement under this Agreement, include such
Registrable Securities in such underwritten offering under such Shelf Registration Statement; provided further, however that, in the case of an underwritten offering in the form of a “takedown” under a shelf registration statement, such
Registrable Securities are covered by an existing and effective Shelf Registration Statement that may be utilized for the offering and sale of the Registrable Securities requested to be offered. 

(b)    The Company will cause the managing underwriter or underwriters of the proposed offering to permit the Holders that
have requested Registrable Securities to be included in the Piggyback Offering to include all such Registrable Securities on the same terms and conditions (provided that no Holder shall be required to make any representations or warranties except as
provided in Section 6(b)) as any similar securities, if any, of the Company. Notwithstanding the foregoing, if the managing underwriter or underwriters of such underwritten offering advises the Company and the selling Holders in writing that,
in its view, the total amount of securities that the Company, such Holders and any other holders entitled to participate in such offering (“Other Holders”) propose to include in such offering is such as to materially adversely
affect the success of such underwritten offering, then: 
 (A)    if such Piggyback Offering is an
underwritten primary offering by the Company for its own account, the Company will include in such Piggyback Offering: (i) first, all securities to be offered by the Company; (ii) second, up to the full amount of securities
requested to be included in such Piggyback Offering by the Holders; and (iii) third, up to the full amount of securities requested to be included in such Piggyback Offering by all Other Holders; 

(B)    if such Piggyback Offering is an underwritten secondary offering for the account of Other Holders
exercising “demand” rights (including pursuant to a Demand Registration Request), the Company will include in such registration: (i) first, all securities of the Other Holder exercising “demand” rights (including
pursuant to a Demand Registration Request) requested to be included therein; (ii) second, up to the full amount of securities requested to be included in such Piggyback Offering by the Holders entitled to participate therein, allocated
pro rata among such Holders on the basis of the amount of securities requested to be included therein by each such Holder; (C) third, up to the full amount of securities proposed to be included in the registration by the Company; and
(D) fourth, up to the full amount of securities requested to be included in such Piggyback Offering by the Other Holders entitled to participate therein, allocated pro rata among such Other Holders on the basis of the amount of
securities requested to be included therein by each such Other Holder; 
 such that, in each case, the total amount of securities to be included in such
Piggyback Offering is the full amount that, in the view of such managing underwriter, can be sold without materially adversely affecting the success of such Piggyback Offering. 

(c)    If at any time after giving the Piggyback Notice and prior to the time sales of securities are confirmed pursuant
to the Piggyback Offering, the Company determines for any reason not to register or delay the registration of the Piggyback Offering, the Company may, at 

  
 14 

 
its election, give notice of its determination to all Holders, and in the case of such a determination, will be relieved of its obligation to register any Registrable Securities in connection
with the abandoned or delayed Piggyback Offering, without prejudice. 
 (d)    Any Holder of Registrable Securities
requesting to be included in a Piggyback Offering may withdraw its request for inclusion by giving written notice to the Company, at least three (3) Business Days prior to the anticipated Effective Date of the Registration Statement filed in
connection with such Piggyback Offering, or in the case of a Piggyback Offering constituting a “takedown” off of a shelf registration statement, at least three (3) Business Days prior to the anticipated date of the filing by the
Company under Rule 424 of a supplemental prospectus (which shall be the preliminary supplemental prospectus, if one is used in the “takedown”) with respect to such offering, of its intention to withdraw from that registration;
provided, however, that (i) the Holder’s request be made in writing and (ii) the withdrawal will be irrevocable and, after making the withdrawal, a Holder will no longer have any right to include its Registrable
Securities in that Piggyback Offering. 
 9.    Registration Procedures. If and when the Company is required to
effect any registration under the Securities Act as provided in Sections 2(a), 5(a), 6 or 8 of this Agreement, the Company shall use its reasonable best efforts to: 

(a)    prepare and file with the Commission the requisite Registration Statement to effect such
registration and thereafter use its reasonable best efforts to cause such Registration Statement to become and remain effective, subject to the limitations contained herein; 

(b)    prepare and file with the Commission such amendments and supplements to such Registration Statement
and the Prospectus used in connection therewith as may be necessary to keep such Registration Statement effective and to comply with the provisions of the Securities Act and the Exchange Act with respect to the disposition of all Registrable
Securities covered by such Registration Statement until such time as all of such Registrable Securities have been disposed of in accordance with the method of disposition set forth in such Registration Statement, subject to the limitations contained
herein; 
 (c)    (i) before filing a Registration Statement or Prospectus or any amendments or
supplements thereto, at the Company’s expense, furnish to the Holders whose securities are covered by the Registration Statement copies of all such documents, other than documents that are incorporated by reference into such Registration
Statement or Prospectus, proposed to be filed and such other documents reasonably requested by such Holders (which may be furnished by email), and afford Counsel to the Holders a reasonable opportunity to review and comment on such documents; and
(ii) in connection with the preparation and filing of each such Registration Statement pursuant to this Agreement, (A) upon reasonable advance notice to the Company, give each of the foregoing such reasonable access to all financial and
other records, corporate documents and properties of the Company as shall be necessary, in the reasonable opinion of Counsel to the Holders and such underwriters, to conduct a reasonable due diligence investigation for purposes of the Securities Act
and Exchange Act, and (B) upon 

  
 15 

 
reasonable advance notice to the Company and during normal business hours, provide such reasonable opportunities to discuss the business of the Company with its officers, directors, employees and
the independent public accountants who have certified its financial statements as shall be necessary, in the reasonable opinion of Counsel to the Holders and such underwriters, to conduct a reasonable due diligence investigation for purposes of the
Securities Act and the Exchange Act; 
 (d)    notify each selling Holder of Registrable Securities,
promptly after the Company receives notice thereof, of the time when such Registration Statement has been declared effective or a supplement to any Prospectus forming a part of such Registration Statement has been filed; 

(e)    with respect to any offering of Registrable Securities, furnish to each selling Holder of
Registrable Securities, and the managing underwriters for such Underwritten Offering, if any, without charge, such number of copies of the applicable Registration Statement, each amendment and supplement thereto, the Prospectus included in such
Registration Statement (including each preliminary Prospectus, final Prospectus, and any other Prospectus (including any Prospectus filed under Rule 424, Rule 430A or Rule 430B promulgated under the Securities Act and any
“issuer free writing prospectus” as such term is defined under Rule 433 promulgated under the Securities Act), all exhibits and other documents filed therewith and such other documents as such seller or such managing underwriters may
reasonably request including in order to facilitate the disposition of the Registrable Securities owned by such seller, and upon request, a copy of any and all transmittal letters or other correspondence to or received from, the Commission or any
other governmental authority relating to such offer; 
 (f)    (i) register or qualify all Registrable
Securities covered by such Registration Statement under such other securities or blue sky laws of such states or other jurisdictions of the United States of America as the Holders covered by such Registration Statement shall reasonably request in
writing, (ii) keep such registration or qualification in effect for so long as such Registration Statement remains in effect and (iii) take any other action that may be necessary or reasonably advisable to enable such Holders to consummate
the disposition in such jurisdictions of the securities to be sold by such Holders, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would
not but for the requirements of this subsection (f) be obligated to be so qualified, to subject itself to taxation in such jurisdiction or to consent to general service of process in any such jurisdiction; 

(g)    cause all Registrable Securities included in such Registration Statement to be registered with or
approved by such other federal or state governmental agencies or authorities as necessary upon the opinion of counsel to the Company or Counsel to the Holders of Registrable Securities included in such Registration Statement to enable such Holder or
Holders thereof to consummate the disposition of such Registrable Securities in accordance with their intended method of distribution thereof; 

  
 16 

 (h)    with respect to any Underwritten Offering, obtain and,
if obtained, furnish to each Holder that is named as an underwriter in such Underwritten Offering and each other underwriter thereof, a signed 

(A)    opinion of outside counsel for the Company (including a customary
10b-5 statement), dated the date of the closing under the underwriting agreement and addressed to the underwriters, reasonably satisfactory (based on the customary form and substance of opinions of
issuers’ counsel customarily given in such an offering) in form and substance to such underwriters, if any, and 

(B)    “comfort” letter, dated the date of the Underwriting Agreement and another dated the date
of the closing under the underwriting agreement and addressed to the underwriters and signed by the independent public accountants who have certified the Company’s financial statements included or incorporated by reference in such registration
statement, reasonably satisfactory (based on the customary form and substance of “cold comfort” letters of issuers’ independent public accountant customarily given in such an offering) in form and substance to such Holder and such
underwriters, if any, 
 in each case, covering substantially the same matters with respect to such Registration Statement
(and the Prospectus included therein) and, in the case of the accountants’ comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer’s counsel and in
accountants’ comfort letters delivered to underwriters in such types of offerings of securities; 

(i)    notify each Holder of Registrable Securities included in such Registration Statement at any time
when a Prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the Prospectus included in such Registration Statement, as then in effect,
includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made and for which
the Company chooses to suspend the use of the Registration Statement and Prospectus in accordance with the terms of this Agreement, and, at the written request of any such Holder, promptly prepare and furnish to it a reasonable number of copies of a
supplement to or an amendment of such Prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such Prospectus, as supplemented or amended, shall not include an untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; 

(j)    notify the Holders of Registrable Securities included in such Registration Statement promptly of any
request by the Commission for the amending or supplementing of such Registration Statement or Prospectus or for additional information; 

  
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 (k)    advise the Holders of Registrable Securities included
in such Registration Statement promptly after the Company receives notice or obtains knowledge of any order suspending the effectiveness of a registration statement relating to the Registrable Securities at the earliest practicable moment and
promptly use its reasonable best efforts to obtain the withdrawal; 
 (l)    otherwise comply with all
applicable rules and regulations of the Commission and any other governmental agency or authority having jurisdiction over the offering of Registrable Securities, and make available to its stockholders, as soon as reasonably practicable, an earnings
statement covering the period of at least twelve (12) months, but not more than eighteen (18) months, beginning with the first (1st) full calendar month after the Effective Date of such
Registration Statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder and which requirement will be deemed satisfied if the Company timely files complete and accurate
information on Form 10-Q and 10-K and Current Reports on Form 8-K under the Exchange Act and otherwise complies with Rule 158
under the Securities Act; 
 (m)    provide and cause to be maintained a transfer agent and registrar for
the Registrable Securities included in a Registration Statement no later than the Effective Date thereof; 

(n)    enter into such agreements (including an underwriting agreement in customary form) and take such
other actions as the Holders beneficially owning a majority of the Registrable Securities included in a Registration Statement or the underwriters, if any, shall reasonably request in order to expedite or facilitate the disposition of such
Registrable Securities, including customary indemnification; and provide reasonable cooperation, including causing at least one (1) executive officer and a senior financial officer to attend and participate in “road shows” and other
information meetings organized by the underwriters, if any, as reasonably requested; provided, however, that the Company shall have no obligation to participate in more than two (2) “road shows” in any twelve
(12)-month period and such participation shall not unreasonably interfere with the business operations of the Company; 

(o)    if requested by the managing underwriter(s) or the Holders beneficially owning a majority of the
Registrable Securities being sold in connection with an Underwritten Offering, promptly incorporate in a prospectus supplement or post-effective amendment such information relating to the plan of distribution for such shares of Registrable
Securities provided to the Company in writing by the managing underwriters and the Holders of a majority of the Registrable Securities being sold and that is required to be included therein relating to the plan of distribution with respect to such
Registrable Securities, including without limitation, information with respect to the number of Registrable Securities being sold to such underwriters, the purchase price being paid therefor by such underwriters and with respect to any other terms
of the Underwritten Offering of the Registrable Securities to be sold in such offering, and make any required filings with respect to such information relating to the plan of distribution as soon as practicable after notified of the information;

  
 18 

 (p)    cooperate with the Holders of Registrable Securities
included in a Registration Statement and the managing underwriter(s), if any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive legends, and enable such
Registrable Securities to be in such share amounts and registered in such names as the managing underwriters, or, if none, the Holders beneficially owning a majority of the Registrable Securities being offered for sale, may reasonably request at
least three (3) Business Days prior to any sale of Registrable Securities to the underwriters; 

(q)    cause all Registrable Securities included in a Registration Statement to be listed on a national
securities exchange on which similar securities issued by the Company are then listed, if at all; and 

(r)    otherwise use its reasonable best efforts to take all other steps necessary to effect the
registration of such Registrable Securities contemplated hereby. 
 In addition, at least ten (10) Business Days prior to the first
anticipated filing date of a Registration Statement for any registration under this Agreement, the Company will notify each Holder of the information the Company requires from that Holder, including any update to or confirmation of the information
contained in the Selling Stockholder Questionnaire, if any, which shall be completed and delivered to the Company promptly upon request and, in any event, within five (5) Business Days prior to the applicable anticipated filing date. Each
Holder further agrees that it shall not be entitled to be named as a selling securityholder in the Registration Statement or use the Prospectus for offers and resales of Registrable Securities at any time, unless such Holder has returned to the
Company a completed and signed Selling Stockholder Questionnaire and a response to any requests for further information as described in the previous sentence and, if an Underwritten Offering, entered into an underwriting agreement with the
underwriters in accordance with Section 6(b). If a Holder of Registrable Securities returns a Selling Stockholder Questionnaire or a request for further information, in either case, after its respective deadline, the Company shall be
permitted to exclude such Holder from being a selling security holder in the Registration Statement or any pre-effective or post-effective amendment thereto. Each Holder acknowledges and agrees that the
information in the Selling Stockholder Questionnaire or request for further information as described in this Section 9 will be used by the Company in the preparation of the Registration Statement and hereby consents to the
inclusion of such information in the Registration Statement. 
 10.    Registration Expenses. All fees and
expenses incident to the Company’s performance of or compliance with its obligations under this Agreement (excluding any underwriting discounts, fees or selling commissions or broker or similar commissions or fees, or transfer taxes of any
Holder) shall be borne by the Company whether or not any Registrable Securities are sold pursuant to a Registration Statement. The fees and expenses referred to in the foregoing sentence shall include, without limitation, (i) all registration
and filing fees (including, without limitation, fees and expenses (A) with respect to filings required to be made with any Trading Market on which the Common Stock is then listed for trading, if any, (B) with respect to compliance with
applicable state securities or blue sky laws (including, without limitation, fees and disbursements of counsel for the Company in connection with blue sky qualifications or exemptions of the Registrable Securities and determination of the
eligibility of the Registrable 

  
 19 

 
Securities for investment under the laws of such jurisdictions as requested by the Holders) and (C) if not previously paid by the Company, with respect to any filing that may be required to
be made by any broker through which a Holder intends to make sales of Registrable Securities with the Financial Industry Regulatory Authority (“FINRA”) pursuant to the FINRA Rule 5110, so long as the broker is receiving no more than
a customary brokerage commission in connection with such sale, (ii) printing expenses (including, without limitation, expenses of printing certificates for Registrable Securities and of printing prospectuses if the printing of prospectuses is
reasonably requested by the Holders of a majority of the Registrable Securities included in the Registration Statement), (iii) messenger, telephone and delivery expenses, (iv) fees and disbursements of counsel for the Company, (v) the
reasonable fees and expenses incurred in connection with any road show for Underwritten Offerings, (vi) Securities Act liability insurance, if the Company so desires such insurance, and (vii) fees and expenses of all other Persons retained
by the Company in connection with the consummation of the transactions contemplated by this Agreement. In addition, the Company will pay the reasonable fees and disbursements of the Counsel to the Holders, including, for the avoidance of doubt, any
expenses of Counsel to the Holders in connection with the filing or amendment of any Registration Statement, Prospectus or free writing prospectus hereunder or any Underwritten Offering. 

11.    Lockups. 

(a)    In connection with any Underwritten Takedown or underwritten registration pursuant to a Demand Registration Request
or other underwritten public offering of equity securities by the Company, except with the written consent of the underwriters managing such offering, no Holder who participates in such offering or, together with its Affiliates and Related Funds,
beneficially owns five percent (5%) or more of the outstanding shares of Common Stock at such time and a number of Registrable Securities that exceeds one percent (1%) of the Initial Registrable Securities Number shall effect any public sale or
distribution (including sales pursuant to Rule 144) of equity securities of the Company, or any securities convertible into or exchangeable or exercisable for such securities, without prior written consent from the Company, during the seven
(7) days prior to and the sixty (60)-day period beginning on the date of closing of such offering (the “Lockup Period”), except as part of such offering, provided, that such Lockup Period
restrictions are applicable on substantially similar terms to the Company and all of its and its subsidiaries’ executive officers and directors; provided that nothing herein will prevent any Holder from making a distribution of
Registrable Securities to any of its partners, members or stockholders thereof or a transfer of Registrable Securities to an Affiliate or Related Fund that is otherwise in compliance with the applicable securities laws, so long as such distributees
or transferees, as applicable, agree to be bound by the restrictions set forth in this Section 11(a). Each Holder agrees to execute a lock-up agreement in favor of the Company’s underwriters to
such effect and, in any event, that the Company’s underwriters in any relevant offering shall be third party beneficiaries of this Section 11(a). The provisions of this Section 11(a) will no longer apply to a Holder once such
Holder ceases to hold Registrable Securities. 
 (b)    In connection with any Underwritten Offering, the Company shall
not effect any public sale or distribution of equity securities of the Company, or any securities convertible into or exchangeable or exercisable for such securities, without prior written consent from the Majority Holders, during the Lockup Period,
except as part of such offering, provided, 

  
 20 

 
that such Lockup Period restrictions are applicable on substantially similar terms to the Majority Holders. The Company agrees to execute a lock-up
agreement in favor of the underwriters in any relevant offering to such effect and, in any event, that the underwriters in any relevant offering shall be third party beneficiaries of this Section 11(b). Notwithstanding the foregoing, the
Company may effect a public sale or distribution of securities of the type described above and during the periods described above if such sale or distribution is made pursuant to registrations on Form S-4 or
Form S-8 or as part of any registration of securities of offering and sale to employees, directors or consultants of the company and its subsidiaries pursuant to any employee stock plan or other employee
benefit plan arrangement. 
 12.    Indemnification. 

(a)    Indemnification by the Company. The Company shall, notwithstanding any termination of this Agreement,
indemnify, defend and hold harmless each Holder, the officers, directors, agents, partners, members, investment manager, managers, stockholders, Affiliates and employees of each of them, each Person who controls any such Holder (within the meaning
of Section 15 of the Securities Act or Section 20 of the Exchange Act) and the officers, directors, partners, members, investment manager, managers, stockholders, agents and employees of each such controlling Person, to the fullest extent
permitted by applicable law, from and against any and all losses, claims, damages, liabilities, costs (including, without limitation, reasonable costs of preparation and investigation and reasonable attorneys’ fees) and expenses (collectively,
“Losses”), to which any of them may become subject, that arise out of or are based upon (i) any untrue or alleged untrue statement of a material fact contained in any Registration Statement, any Prospectus or any form of
prospectus or in any amendment or supplement thereto or in any preliminary prospectus or (ii) any omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein (in the case of
any Prospectus or form of prospectus or supplement thereto, in the light of the circumstances under which they were made) not misleading, except to the extent, but only to the extent, that (A) such untrue statements, alleged untrue statements,
omissions or alleged omissions are based upon information regarding such Holder furnished in writing to the Company by such Holder expressly for use therein, or to the extent that such information relates to such Holder or such Holder’s
proposed method of distribution of Registrable Securities and was provided by such Holder expressly for use in the Registration Statement, such Prospectus or such form of Prospectus or in any amendment or supplement thereto, or (B) in the case
of an occurrence of an event of the type specified in Section 9(i), related to the use by a Holder of an outdated or defective Prospectus after the Company has notified such Holder in writing that the Prospectus is outdated or defective and
prior to the receipt by such Holder of the Advice contemplated and defined in Section 16(c) below, but only if and to the extent that following the receipt of the Advice the misstatement or omission giving rise to such Loss would have been
corrected. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of an Indemnified Party (as defined in Section 12(c)), shall survive the transfer of the Registrable Securities by the
Holders, and shall be in addition to any liability which the Company may otherwise have. 
 (b)    Indemnification by
Holders. Each Holder shall, severally and not jointly, indemnify and hold harmless the Company, its respective directors, officers, agents and employees, each Person who controls the Company (within the meaning of Section 15 of the

  
 21 

 
Securities Act and Section 20 of the Exchange Act), and the directors, officers, agents or employees of such controlling Persons, to the fullest extent permitted by applicable law, from and
against all Losses, as incurred, arising out of or are based upon any untrue or alleged untrue statement of a material fact contained in any Registration Statement, any Prospectus, or any form of prospectus, or in any amendment or supplement thereto
or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus, or any form of
prospectus or supplement thereto, in the light of the circumstances under which they were made) not misleading (i) to the extent, but only to the extent, that such untrue statements or omissions are based upon information regarding such Holder
furnished in writing to the Company by such Holder expressly for use therein or (ii) to the extent, but only to the extent, that such information relates to such Holder or such Holder’s proposed method of distribution of Registrable
Securities and was provided by such Holder expressly for use in a Registration Statement, such Prospectus or such form of Prospectus or in any amendment or supplement thereto or (iii) in the case of an occurrence of an event of the type
specified in Section 9(i), to the extent, but only to the extent, related to the use by such Holder of an outdated or defective Prospectus after the Company has notified such Holder in writing that the Prospectus is outdated or defective and
prior to the receipt by such Holder of the Advice contemplated in Section 16(c), but only if and to the extent that following the receipt of the Advice the misstatement or omission giving rise to such Loss would have been corrected. In no
event shall the liability of any selling Holder hereunder be greater in amount than the dollar amount of the net proceeds received by such Holder upon the sale of the Registrable Securities giving rise to such indemnification obligation. Such
indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of an Indemnified Party (as defined in Section 12(c)), shall survive the transfer of the Registrable Securities by the Holders, and shall be
in addition to any liability which the Holder may otherwise have. 
 (c)    Conduct of Indemnification
Proceedings. If any Proceeding shall be brought or asserted against any Person entitled to indemnity hereunder (an “Indemnified Party”), such Indemnified Party shall promptly notify the Person from whom indemnity is sought (the
“Indemnifying Party”) in writing, and the Indemnifying Party shall have the right to assume the defense thereof, including the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of all reasonable
fees and expenses incurred in connection with defense thereof; provided, that the failure of any Indemnified Party to give such notice shall not relieve the Indemnifying Party of its obligations or liabilities pursuant to this Agreement,
except (and only) to the extent that such failure shall have materially and adversely prejudiced the Indemnifying Party. 
 An Indemnified
Party shall have the right to employ separate counsel in any such Proceeding and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless: (1) the
Indemnifying Party has agreed in writing to pay such fees and expenses; (2) the Indemnifying Party shall have failed promptly to assume the defense of such Proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in
any such Proceeding; or (3) the named parties to any such Proceeding (including any impleaded parties) include both such Indemnified Party and the Indemnifying Party, and such Indemnified Party shall have been advised by counsel that in the
reasonable judgment of such counsel a conflict of interest exists if the same counsel were to 

  
 22 

 
represent such Indemnified Party and the Indemnifying Party; provided, that the Indemnifying Party shall not be liable for the reasonable and documented fees and expenses of more than one
separate firm of attorneys at any time for all Indemnified Parties. The Indemnifying Party shall not be liable for any settlement of any such Proceeding effected without its written consent, which consent shall not be unreasonably withheld, delayed
or conditioned. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, effect any settlement of any pending Proceeding in respect of which any Indemnified Party is a party, unless such settlement includes an
unconditional release of such Indemnified Party from all liability on claims that are the subject matter of such Proceeding. 
 Subject to
the terms of this Agreement, all reasonable and documented fees and expenses of the Indemnified Party (including reasonable and documented fees and expenses to the extent incurred in connection with investigating or preparing to defend such
Proceeding in a manner not inconsistent with this Section 12(c)) shall be paid to the Indemnified Party, as incurred, with reasonable promptness after receipt of written notice thereof to the Indemnifying Party; provided, that the
Indemnified Party shall promptly reimburse the Indemnifying Party for that portion of such fees and expenses applicable to such actions for which such Indemnified Party is finally judicially determined to not be entitled to indemnification
hereunder. The failure to deliver written notice to the Indemnifying Party within a reasonable time of the commencement of any such action shall not relieve such Indemnifying Party of any liability to the Indemnified Party under this
Section 12, except to the extent that the Indemnifying Party is materially and adversely prejudiced in its ability to defend such action. 

(d)    Contribution. If a claim for indemnification under Section 12(a) or (b) is unavailable to
an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a
result of such Losses, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other
relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a
material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information
and opportunity to correct or prevent such action, statement or omission. 
 The parties hereto agree that it would not be just and
equitable if contribution pursuant to this Section 12(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding
paragraph. Notwithstanding the provisions of this Section 12(d), no Holder shall be required to contribute, in the aggregate, any amount in excess of the amount by which the net proceeds actually received by such Holder from the sale of the
Registrable Securities subject to the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. 

  
 23 

 13.    Section 4(a)(7), Rule 144 and
Rule 144A; Other Exemptions. With a view to making available to the Holders of Registrable Securities the benefits of Rule 144 and Rule 144A promulgated under the Securities Act and other rules and regulations of the
Commission that may at any time permit a Holder of Registrable Securities to sell securities of the Company without registration, until such time as when no Registrable Securities remain outstanding, the Company covenants that it will (i) if it
is subject to the reporting requirement of 13 or 15(d) of the Exchange act, file in a timely manner all reports and other documents required, if any, to be filed by it under the Securities Act and the Exchange Act and the rules and regulations
adopted thereunder or (ii) if it is not subject to the reporting requirement of 13 or 15(d) of the Exchange Act, make available information necessary to comply with Section 4(a)(7) of the Securities Act and Rule 144 and Rule 144A, if
available with respect to resales of the Registrable Securities under the Securities Act, at all times, all to the extent required from time to time to enable such Holder to sell Registrable Securities without registration under the Securities Act
within the limitation of the exemptions provided by (x) Section 4(a)(7) of the Securities Act and Rule 144 and Rule 144A promulgated under the Securities Act (if available with respect to resales of the Registrable Securities), as
such rules may be amended from time to time or (y) any other rules or regulations now existing or hereafter adopted by the Commission. Upon the reasonable request of any Holder of Registrable Securities, the Company will deliver to such Holder
a written statement as to whether it has complied with such information requirements, and, if not, the specific reasons for non-compliance. 

14.    Transfer of Registration Rights. Any Holder may freely assign its rights hereunder on a pro rata basis in
connection with any sale, transfer, assignment, or other conveyance (any of the foregoing, a “Transfer”) of Registrable Securities to any transferee or assignee; provided that all of the following additional conditions are
satisfied: (a) such Transfer is effected in accordance with applicable securities laws; (b) such transferee or assignee agrees in writing to become subject to the terms of this Agreement; and (c) the Company is given written notice by
such Holder of such Transfer, stating the name and address of the transferee or assignee and identifying the Registrable Securities with respect to which such rights are being transferred or assigned and provide the amount of any other capital stock
of the Company beneficially owned by such transferee or assignee; and further provided, that (i) any rights assigned hereunder shall apply only in respect of the Registrable Securities that are Transferred and not in respect of
any other securities that the transferee or assignee may hold and (ii) any Registrable Securities that are Transferred may cease to constitute Registrable Securities following such Transfer in accordance with the terms of this Agreement. 

15.    Further Assurances. Each of the parties hereto shall execute all such further instruments and documents and
take all such further action as any other party hereto may reasonably require in order to effectuate the terms and purposes of this Agreement. 

16.    Miscellaneous. 

(a)    Remedies. Any Person having rights under any provision of this Agreement shall be entitled to enforce such
rights specifically to recover damages caused by reason of any 

  
 24 

 
breach of any provision of this Agreement and to exercise all other rights granted by law. The parties hereto agree and acknowledge that money damages may not be an adequate remedy for any breach
of the provisions of this Agreement and that any party may in its sole discretion apply to any court of law or equity of competent jurisdiction (without posting any bond or other security) for specific performance and for other injunctive relief in
order to enforce or prevent violation of the provisions of this Agreement. 
 (b)    Compliance. Each Holder
covenants and agrees that it will comply with the prospectus delivery requirements of the Securities Act as applicable to it (unless an exemption therefrom is available) in connection with sales of Registrable Securities pursuant to any Registration
Statement and shall sell the Registrable Securities only in accordance with a method of distribution described in each Registration Statement 

(c)    Discontinued Disposition. By its acquisition of Registrable Securities, each Holder agrees that, upon
receipt of a notice from the Company of the occurrence of a Grace Period or any event of the kind described in Section 9(i), such Holder will forthwith discontinue disposition of such Registrable Securities under a Registration Statement
until it is advised in writing (the “Advice”) by the Company that the use of the applicable Prospectus (as it may have been supplemented or amended) may be resumed. The Company may provide appropriate stop orders to enforce the
provisions of this paragraph. 
 (d)    Preservation of Rights. The Company shall not grant any registration
rights to third parties which are more favorable than or inconsistent with the rights granted hereunder unless any such more favorable rights are concurrently added to the rights granted hereunder. 

(e)    No Inconsistent Agreements. The Company shall not hereafter enter into any agreement with respect to its
securities which is inconsistent with or violates the rights granted to the Holders in this Agreement. 

(f)    Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not
be amended, modified or supplemented, or waived unless the same shall be in writing and signed by the Company and Holders holding at least a majority of the then outstanding Registrable Securities; provided, however, that any party may
give a waiver as to itself; provided further, however, that no amendment, modification, supplement, or waiver that disproportionately and adversely affects, alters, or changes the interests of any Holder shall be effective against such
Holder without the prior written consent of such Holder; provide further, however that the definition of “Holders” in Section 1 and the provisions of Section 2(c) may not be amended, modified or
supplemented, or waived unless in writing and signed by all the signatories to this Agreement; and provided further, that the waiver of any provision with respect to any Registration Statement or offering may be given by Holders
holding at least a majority of the then outstanding Registrable Securities entitled to participate in such offering or, if such offering shall have been commenced, having elected to participate in such offering. Notwithstanding the foregoing, a
waiver or consent to depart from the provisions hereof with respect to a matter that relates exclusively to the rights of certain Holders and that does not directly or indirectly affect the rights of other Holders may be given by Holders of a
majority of the Registrable Securities to which such waiver or consent relates; provided, however, that the provisions of this sentence may not be amended, modified, or supplemented 

  
 25 

 
except in accordance with the provisions of the immediately preceding sentence. No waiver of any terms or conditions of this Agreement shall operate as a waiver of any other breach of such terms
and conditions or any other term or condition, nor shall any failure to enforce any provision hereof operate as a waiver of such provision or of any other provision hereof. No written waiver hereunder, unless it by its own terms explicitly provides
to the contrary, shall be construed to effect a continuing waiver of the provisions being waived and no such waiver in any instance shall constitute a waiver in any other instance or for any other purpose or impair the right of the party against
whom such waiver is claimed in all other instances or for all other purposes to require full compliance with such provision. The failure of any party to enforce any provision of this Agreement shall not be construed as a waiver of such provision and
shall not affect the right of such party thereafter to enforce each provision of this Agreement in accordance with its terms. 

(g)    Notices. Any notice or other communication required or which may be given hereunder shall be in writing and
shall be sent by certified or regular mail, by private national courier service (return receipt requested, postage prepaid), by personal delivery, by electronic mail or by facsimile transmission. Such notice or communication shall be deemed given
(i) if mailed, two days after the date of mailing, (ii) if sent by national courier service, one Business Day after being sent, (iii) if delivered personally, when so delivered, (iv) if sent by electronic mail, on the Business
Day such electronic mail is transmitted, or (v) if sent by facsimile transmission, on the Business Day such facsimile is transmitted, in each case as follows: 

(A)      If to the Company: 

Ultra Petroleum Corp. 
 400
North Sam Houston Parkway East, Suite 1200 
 Houston, Texas 77060 

Tel:     (281) 876-0120 

Fax:     (281) 876-2831 

Attn:    Legal Department 

with a copy (which shall not constitute notice) to: 

Kirkland & Ellis LLP 

600 Travis Street, Suite 3300 

Houston, Texas 77002 
 Tel:
    (713) 835-3786 
 Fax:     (713) 835-3601 
 Attn:     Matthew R. Pacey, P.C. 

E-mail: matt.pacey@kirkland.com; 

(B)      If to the Holders (or to any of them), at their addresses as they appear in the records
of the Company or the records of the transfer agent or registrar, if any, for the Common Stock. 

  
 26 

 If any time period for giving notice or taking action hereunder expires on a day which is a
Saturday, Sunday or legal holiday in the State of New York or the jurisdiction in which the Company’s principal office is located, the time period shall automatically be extended to the Business Day immediately following such Saturday, Sunday
or legal holiday. 
 (h)    Successors and Assigns. This Agreement shall be binding upon and inure to the benefit
of and be enforceable by the parties hereto and their respective successors and assigns (including any trustee in bankruptcy). In addition, and whether or not any express assignment shall have been made, the provisions of this Agreement which are
for the benefit of the Holders of Registrable Securities (or any portion thereof) as such shall be for the benefit of and enforceable by any subsequent holder of any Registrable Securities (or of such portion thereof); provided, that such
subsequent holder of Registrable Securities shall be required to execute a joinder to this Agreement in form and substance reasonably satisfactory to the Company agreeing to be bound by its terms. No assignment or delegation of this Agreement by the
Company, or any of the Company’s rights, interests or obligations hereunder, shall be effective against any Holder without the prior written consent of such Holder. 

(i)    Execution and Counterparts. This Agreement may be executed simultaneously in two or more counterparts, any
one of which need not contain the signatures of more than one party, but all such counterparts taken together shall constitute one and the same Agreement. 

(j)    Delivery by Facsimile. This Agreement, the agreements referred to herein, and each other agreement or
instrument entered into in connection herewith or therewith or contemplated hereby or thereby, and any amendments hereto or thereto, to the extent signed and delivered by means of a facsimile machine or other electronic means, shall be treated in
all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto or to any such
agreement or instrument, each other party hereto or thereto shall re-execute original forms thereof and deliver them to all other parties. No party hereto or to any such agreement or instrument shall raise the
use of a facsimile machine or other electronic means to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of a facsimile machine or other electronic means as a defense to
the formation or enforceability of a contract and each such party forever waives any such defense. 

(k)    Governing Law; Venue. This Agreement shall be governed by, and construed in accordance with, the laws of the
State of New York, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of New York or any other jurisdiction) to the extent such rules or provisions would cause the application of the laws of any
jurisdiction other than the State of New York. Each of the parties to this Agreement consents and agrees that any action to enforce this Agreement or any dispute, whether such dispute arises in law or equity, arising out of or relating to this
Agreement shall be brought exclusively in the United States District Court for the Southern District of New York or any New York State Court sitting in New York City. The parties hereto consent and agree to submit to the exclusive jurisdiction of
such courts. Each of the parties to this Agreement waives and agrees not to assert in any such dispute, to the fullest extent permitted by applicable law, any claim that (i) such party and such party’s property is immune from any legal
process issued by such courts or (ii) any litigation or other 

  
 27 

 
proceeding commenced in such courts is brought in an inconvenient forum. The parties hereby agree that mailing of process or other papers in connection with any such action or proceeding to an
address provided in writing by the recipient of such mailing, or in such other manner as may be permitted by law, shall be valid and sufficient service thereof and hereby waive any objections to service in the manner herein provided. 

(l)    Waiver of Jury Trial. Each of the parties to this Agreement hereby agrees to waive its respective rights to
a jury trial of any claim or cause of action based upon or arising out of this Agreement. The scope of this waiver is intended to be all-encompassing of any and all disputes that may be filed in any court and
that relate to the subject matter of this Agreement, including contract claims, tort claims and all other common law and statutory claims. Each party hereto acknowledges that this waiver is a material inducement to enter into this Agreement, that
each has already relied on this waiver in entering into this Agreement, and that each will continue to rely on this waiver in their related future dealings. Each party hereto further warrants and represents that it has reviewed this waiver with its
legal counsel and that it knowingly and voluntarily waives its jury trial rights following consultation with legal counsel. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN
WAIVER SPECIFICALLY REFERRING TO THIS SECTION 16(l) AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT. In the
event of litigation, this Agreement may be filed as a written consent to a trial by the court. 

(m)    Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to
be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability
shall not affect any other provision or the effectiveness or validity of any provision in any other jurisdiction, and this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable
provision had never been contained herein. 
 (n)    Descriptive Headings; Interpretation; No Strict
Construction. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a substantive part of this Agreement. Whenever required by the context, any pronoun used in this Agreement shall include the
corresponding masculine, feminine or neuter forms, and the singular forms of nouns, pronouns, and verbs shall include the plural and vice versa. Reference to any agreement, document, or instrument means such agreement, document, or instrument as
amended or otherwise modified from time to time in accordance with the terms thereof, and, if applicable, hereof. The words “include”, “includes” or “including” in this Agreement shall be deemed to be followed by
“without limitation”. The use of the words “or,” “either” or “any” shall not be exclusive. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or
question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the
provisions of this Agreement. All references to laws, rules, regulations and forms in this Agreement shall be deemed to be references to such laws, rules, regulations and forms, as amended from time to time or, to the extent replaced, the comparable
successor thereto in effect at the time. All references to agencies, self-regulatory organizations or governmental entities in this Agreement shall be deemed to be references to the comparable successors thereto from time to time. 

  
 28 

 (o)    Entire Agreement. This Agreement and any certificates,
documents, instruments and writings that are delivered pursuant hereto, constitutes the entire agreement and understanding of the parties in respect of the subject matter hereof and supersedes all prior understandings, agreements or representations
by or among the parties, written or oral, to the extent they relate in any way to the subject matter hereof. 

(p)    Termination. The obligations of the Company and of any Holder, other than those obligations contained in
Section 12 and this Section 16, shall terminate with respect to the Company and such Holder as soon as such Holder no longer beneficially owns any Registrable Securities. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 29 

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

			
	ULTRA PETROLEUM CORP.
		
	By:	 	 /s/ Garrett B. Smith

	Name:	 	Garrett B. Smith
	Title:	 	 Vice President, General Counsel and

Corporate Secretary

  
 [Signature Page to
Registration Rights Agreement] 

 IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as
of the date first written above. 
 HOLDER: 

 

			
	Aristeia Capital, L.L.C. (on behalf of certain
	funds and accounts for whom it acts as
	investment manager or advisor)
		
	By:	 	 /s/ Andrew B. David

	Name:	 	Andrew B. David
	Title:	 	Chief Operating Officer

  

	☐	By checking this box, the Holder signing above hereby requests the inclusion of all of its Registrable Securities in the Initial Shelf Registration Statement. 

 

	☒	By checking this box, the Holder signing above hereby requests the inclusion of 413,602 of its Registrable Securities in the Initial Shelf Registration Statement, constituting less than all of its Registrable
Securities. 

  
 [Signature Page to
Registration Rights Agreement] 

 IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as
of the date first written above. 
 HOLDER: 

 

			
	 DISCIPLINED GROWTH INVESTORS

(on behalf of certain funds and accounts for
 whom it acts as
investment manager or advisor)

		
	By:	 	 /s/ Fred Martin

	Name:	 	Fred Martin
	Title:	 	Chief Investment Officer

  

	☐	By checking this box, the Holder signing above hereby requests the inclusion of all of its Registrable Securities in the Initial Shelf Registration Statement. 

 

	☐	By checking this box, the Holder signing above hereby requests the inclusion of                      of its Registrable
Securities in the Initial Shelf Registration Statement, constituting less than all of its Registrable Securities. 

  
 [Signature Page to
Registration Rights Agreement] 

 IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as
of the date first written above. 
 HOLDER: 

 

			
	 Farmstead Capital Management, LLC and

Affiliates (on behalf of certain funds and
 accounts for whom it
acts as investment
 manager or advisor)

		
	By:	 	 /s/ Michael Scott

	Name:	 	Michael Scott
	Title:	 	Managing Member

  

	☒	By checking this box, the Holder signing above hereby requests the inclusion of all of its Registrable Securities in the Initial Shelf Registration Statement. 

 

	☐	By checking this box, the Holder signing above hereby requests the inclusion of                      of its Registrable
Securities in the Initial Shelf Registration Statement, constituting less than all of its Registrable Securities. 

  
 [Signature Page to
Registration Rights Agreement] 

 IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as
of the date first written above. 
 HOLDER: 

 

			
	 Fir Tree Inc. (on behalf of certain funds and
accounts for whom it acts as investment

manager or advisor)

		
	By:	 	 /s/ Brian Meyer

	Name:	 	Brian Meyer
	Title:	 	General Counsel

  

	☒	By checking this box, the Holder signing above hereby requests the inclusion of all of its Registrable Securities in the Initial Shelf Registration Statement. 

 

	☐	By checking this box, the Holder signing above hereby requests the inclusion of                      of its Registrable
Securities in the Initial Shelf Registration Statement, constituting less than all of its Registrable Securities. 

  
 [Signature Page to
Registration Rights Agreement] 

 IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as
of the date first written above. 
 HOLDER: 

 

			
	 KLS Diversified Master Fund LP (on

behalf of certain funds and accounts for
 whom it acts as
investment manager or advisor)

		
	By:	 	 /s/ Michael Zarrilli

	Name:	 	Michael Zarilli
	Title:	 	Partner and Chief Operating Officer

  

	☒	By checking this box, the Holder signing above hereby requests the inclusion of all of its Registrable Securities in the Initial Shelf Registration Statement. 

 

	☐	By checking this box, the Holder signing above hereby requests the inclusion of                      of its Registrable
Securities in the Initial Shelf Registration Statement, constituting less than all of its Registrable Securities. 

  
 [Signature Page to
Registration Rights Agreement] 

 IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as
of the date first written above. 
 HOLDER: 

 

			
	 LATIGO PARTNERS L.P.
 (on
behalf of certain funds and accounts for
 whom it acts as investment manager or advisor)

		
	By:	 	 /s/ Heather Campbell

	Name:	 	Heather Campbell
	Title:	 	Chief Financial Officer

  

	☐	By checking this box, the Holder signing above hereby requests the inclusion of all of its Registrable Securities in the Initial Shelf Registration Statement. 

 

	☐	By checking this box, the Holder signing above hereby requests the inclusion of                      of its Registrable
Securities in the Initial Shelf Registration Statement, constituting less than all of its Registrable Securities. 

  
 [Signature Page to
Registration Rights Agreement] 

 IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as
of the date first written above. 
 HOLDER: 

 

			
	 NOKOTA CAPITAL MASTER FUND, L.P.

By: Nokota Management, LP, its
 investment
manager
 (on behalf of certain funds and accounts for
 whom
it acts as investment manager or advisor)

		
	By:	 	 /s/ Mina Faltas

	Name:	 	Mina Faltas
	Title:	 	Managing Partner

  

	☐	By checking this box, the Holder signing above hereby requests the inclusion of all of its Registrable Securities in the Initial Shelf Registration Statement. 

 

	☐	By checking this box, the Holder signing above hereby requests the inclusion of                      of its Registrable
Securities in the Initial Shelf Registration Statement, constituting less than all of its Registrable Securities. 

  
 [Signature Page to
Registration Rights Agreement] 

 IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as
of the date first written above. 
 HOLDER: 

 

			
	 Old Bellows Partners LP (on behalf of

certain funds and accounts for whom it
 acts as investment manager
or advisor)

		
	By:	 	 /s/ A. Dev Chodry

	Name:	 	Dev Chodry
	Title:	 	Managing Member of GP

  

	☒	By checking this box, the Holder signing above hereby requests the inclusion of all of its Registrable Securities in the Initial Shelf Registration Statement. 

 

	☐	By checking this box, the Holder signing above hereby requests the inclusion of                      of its Registrable
Securities in the Initial Shelf Registration Statement, constituting less than all of its Registrable Securities. 

  
 [Signature Page to
Registration Rights Agreement] 

 IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as
of the date first written above. 
 HOLDER: 

 

			
	 PointState Capital LP (on behalf of

certain funds and accounts for whom it
 acts as investment manager
or advisor)

		
	By:	 	 /s/ Alfred J. Barbagallo

	Name:	 	Alfred J. Barbagallo
	Title:	 	Managing Director & General Counsel

  

	☒	By checking this box, the Holder signing above hereby requests the inclusion of all of its Registrable Securities in the Initial Shelf Registration Statement. 

 

	☐	By checking this box, the Holder signing above hereby requests the inclusion of                      of its Registrable
Securities in the Initial Shelf Registration Statement, constituting less than all of its Registrable Securities. 

  
 [Signature Page to
Registration Rights Agreement] 

 IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as
of the date first written above. 
 HOLDER: 

 

			
	River Birch Capital, LLC (on behalf of
	certain funds and accounts for whom it
	acts as investment manager or advisor)
		
	By:	 	 /s/ Edward O’Connell

	Name:	 	Edward O’Connell
	Title:	 	Director of Operations

  

	☒	By checking this box, the Holder signing above hereby requests the inclusion of all of its Registrable Securities in the Initial Shelf Registration Statement. 

 

	☐	By checking this box, the Holder signing above hereby requests the inclusion of                      of its Registrable
Securities in the Initial Shelf Registration Statement, constituting less than all of its Registrable Securities. 

  
 [Signature Page to
Registration Rights Agreement] 

 IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as
of the date first written above. 
 HOLDER: 

 

			
	 Senator Investment Group LP (on behalf of certain funds and accounts for whom it acts as

investment manager or advisor)

		
	By:	 	 /s/ Evan Gartenlaub

	Name:	 	Evan Gartenlaub
	Title:	 	General Counsel

  

	☒	By checking this box, the Holder signing above hereby requests the inclusion of all of its Registrable Securities in the Initial Shelf Registration Statement. 

 

	☐	By checking this box, the Holder signing above hereby requests the inclusion of                      of its Registrable
Securities in the Initial Shelf Registration Statement, constituting less than all of its Registrable Securities. 

  
 [Signature Page to
Registration Rights Agreement] 

 IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as
of the date first written above. 
 HOLDER: 

 

			
	 WARLANDER ASSET MANAGEMENT, LP

(on behalf of certain funds and accounts for
 whom it acts as
investment manager or advisor)

		
	By:	 	 /s/ Ralph A. Posner

	Name:	 	Ralph A. Posner
	Title:	 	General Counsel

  

	☐	By checking this box, the Holder signing above hereby requests the inclusion of all of its Registrable Securities in the Initial Shelf Registration Statement. 

 

	☐	By checking this box, the Holder signing above hereby requests the inclusion of                      of its Registrable
Securities in the Initial Shelf Registration Statement, constituting less than all of its Registrable Securities. 

  
 [Signature Page to
Registration Rights Agreement] 

 IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as
of the date first written above. 
 HOLDER: 

 

			
	 YORK CAPITAL MANAGEMENT

GLOBAL ADVISORS, LLC
 (on behalf of certain funds and
accounts for
 whom it acts as investment manager or advisor)

		
	By:	 	 /s/ Richard P. Swanson

	Name:	 	Richard P. Swanson
	Title:	 	General Counsel

  

	☐	By checking this box, the Holder signing above hereby requests the inclusion of all of its Registrable Securities in the Initial Shelf Registration Statement. 

 

	☐	By checking this box, the Holder signing above hereby requests the inclusion of                      of its Registrable
Securities in the Initial Shelf Registration Statement, constituting less than all of its Registrable Securities. 

  
 [Signature Page to
Registration Rights Agreement]EX-4.1

 Exhibit 4.1 

FIFTH SUPPLEMENTAL INDENTURE 

Fifth Supplemental Indenture, dated as of April 12, 2017 (this “Supplemental Indenture”), among The WhiteWave
Foods Company, a Delaware corporation (the “Company”), Danone S.A., a société anonyme organized under the laws of France (“Danone”), and Wells Fargo Bank, National Association, as trustee
hereunder (the “Trustee”). 
 W I T N E S S E T H : 

WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture (the “Base Indenture” and, as
supplemented by the First Supplemental Indenture (as defined below), the Second Supplemental Indenture (as defined below), the Third Supplemental Indenture (as defined below), and the Fourth Supplemental Indenture (as defined below), the
“Indenture”), dated as of September 17, 2014, providing for the issuance from time to time of series of its Securities; 

WHEREAS, the Company and the guarantors party thereto have heretofore executed and delivered to the Trustee a supplemental indenture (the
“First Supplemental Indenture”), dated as of September 17, 2014, providing for the issuance of $500,000,000 aggregate principal amount of 5.375% Senior Notes due 2022 (the “Notes”); 

WHEREAS, the Company and Turtle Mountain, LLC (“Turtle Mountain”) have heretofore executed and delivered to the
Trustee a supplemental indenture (the “Second Supplemental Indenture”), dated as of January 23, 2015, providing for the guarantee by Turtle Mountain of the obligations of the Company under the Notes and the
Indenture; 
 WHEREAS, the Company and Vega US, LLC (“Vega”) have heretofore executed and delivered to the Trustee a
supplemental indenture (the “Third Supplemental Indenture”), dated as of October 16, 2015, providing for the guarantee by Vega of the obligations of the Company under the Notes and the Indenture; 

WHEREAS, the Company and the Trustee have heretofore executed and delivered to the Trustee a supplemental indenture (the “Fourth
Supplemental Indenture”), dated as of November 21, 2016, adding new Section 10.04 and Article XVII to the Base Indenture and effecting amendments to Sections 1.01, 1.02, and 5.01 thereof; 

WHEREAS, Section 14.01 of the Base Indenture provides that the Company and Trustee may enter into one or more indentures supplemental to
the Base Indenture to add guarantors with respect to any series of Securities; 
 WHEREAS, all acts and requirements necessary to make this
Supplemental Indenture the legal, valid and binding obligation of the Company, Danone and the Trustee, in accordance with its terms, have been done. 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged,
the parties hereto mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes, as follows: 
 1. CAPITALIZED
TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 

 2. AGREEMENT TO GUARANTEE. From this date, in accordance with Section 17.01 of the Base
Indenture and by executing this Supplemental Indenture, Danone is subject to the provisions of the Indenture to the extent provided for in Article XVII of the Base Indenture. 

3. EFFECTIVENESS. This Supplemental Indenture shall become effective upon execution by all parties hereto. 

4. NO RECOURSE AGAINST OTHERS. No recourse shall be had for the payment of the principal of, or the premium, if any, or interest on, the Notes
or for any claim based thereon or otherwise in respect thereof or of the Indebtedness represented thereby, or upon any obligation, covenant or agreement of the Notes, the Danone Guarantee, the Guaranties, this Supplemental Indenture or the
Indenture, against any director, officer, employee, incorporator, member or stockholder, as such, past, present or future, of the Company, Danone or any Guarantor (as defined in the First Supplemental Indenture) or of any successor corporation,
either directly or through the Company, Danone, any Guarantor or any successor corporation, whether by virtue of any constitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being
expressly agreed and understood that this Supplemental Indenture, the Indenture, the Notes, the Danone Guarantee and the Guaranties are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any
director, officer, employee, incorporator, member or stockholder, as such, past, present or future, of the Company, Danone, any Guarantor or of any successor corporation, either directly or through the Company, Danone, any Guarantor or any successor
corporation, because of the incurring of the Indebtedness thereby authorized or under or by reason of any of the obligations, covenants, promises or agreements contained in this Supplemental Indenture, the Indenture, the Notes, the Danone Guarantee
or the Guaranties, or to be implied herefrom or therefrom, and that all liability, if any, of that character against every such director, officer, employee, incorporator, member or stockholder is, by the acceptance of the Notes and as a condition
of, and as part of the consideration for, the execution of the Indenture and the issue of the Notes and the Guaranties expressly waived and released. 

5. NEW YORK LAW TO GOVERN; WAIVER OF TRIAL BY JURY. THIS SUPPLEMENTAL INDENTURE SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAW OF THE
STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF SAID STATE. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN
RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS SUPPLEMENTAL INDENTURE. 
 6.
COUNTERPARTS. This Supplemental Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 

  
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 7. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect
the construction hereof. 
 8. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity
or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Company and Danone. 

[Signature Page Follows] 

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

					
	DANONE S.A.
		
	By:	 	 /s/ Florence Saliba

		 	Name:	 	Florence Saliba
		 	Title:	 	Vice President, Financing & Treasury
	
	THE WHITEWAVE FOODS COMPANY
		
	By:	 	 /s/ David C. Oldani

		 	Name:	 	David C. Oldani
		 	Title:	 	Senior Vice President – Treasurer & Investor Relations
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as TRUSTEE
		
	By:	 	 /s/ Barry D. Somrock

		 	Name:	 	Barry D. Somrock
		 	Title:	 	Vice President

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