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Exhibit 10.46

M&A ADVISORY AGREEMENT

 

This
M&A Advisory Agreement (the “Agreement”) is made as of
September 6, 2017 between Spartan
Capital Securities, LLC (the “Consultant”), and Bright Mountain Media, Inc. (the
“Company”). The
Company and the Consultant are collectively herein referred to as
the “Parties.”

 

WITNESSETH

 

WHEREAS, the
Consultant is a broker-dealer, licensed by and in good standing
with the Financial Industry Regulatory Authority, Inc.
(“FINRA”).

 

WHEREAS, the
Consultant is desirous of providing the Company with certain merger
and acquisition advisory services on terms and conditions
hereinafter set forth;

 

WHEREAS, the
Consultant has been engaged to serve as placement agent with
respect to a “$1,000,000 minimum/$4,000,000 maximum”
private offering of the Company’s securities consisting of
shares of its common stock and common stock purchase warrants (the
“Units”)
pursuant to a Placement Agent Agreement of even date herewith (the
“Private
Placement”);

 

NOW,
THEREFORE, in consideration of the mutual promises, covenants and
agreements hereinafter set forth, the Parties agree as
follows:

 

1. Term. With the exception of the
confidentiality terms and obligations, this Agreement shall be
effective as of the closing date of the sale of at least $4,000,000
of Units in the Private Placement (the “Effective Date”) and shall
continue in effect for sixty (60) months.

 

2. Services. During the term of
this Agreement, the Consultant will stand ready to provide, as the
Company shall reasonably request, consulting services related to
potential M&A transactions , including, but not limited to,
candidates, valuations and transaction terms and structures
(“M&A Advisory
Services”).

 

3.

Compensation.

 

3.1           

M&A Advisory Fee. The
Company shall pay a fee for M&A Advisory Services in the amount
of $500,000 on the Effective Date.

 

3.2           Out-of-pocket
expenses. Following the Effective Date, the Consultant shall
be reimbursed for reasonable out-of-pocket expenses incurred in
connection with the Consultant’s performance of M&A
Advisory Services. All such expenses must be approved in advance
and in writing by the Company prior to the Consultant incurring
such expenses.

 

4.            

Confidential
Information. The
Consultant acknowledges and agrees that it will have access
to, or become acquainted with, Confidential Information of the
Company in the performance of its duties and obligations hereunder.
For purposes of this Agreement, “Confidential Information” shall
mean all confidential, proprietary, or trade secret information,
property, or material of the Company and any derivatives, portions,
or copies thereof, including, without limitation, information
resulting from or in any way related to (i) the business practices,
plans, intellectual property, proprietary information, formulae,
methods, practices, designs, know how, processes and procedures,
software, test results, financial information, sales, customers,
employees, suppliers, contracts, agreements or relationships of the
Company; and (ii) any other information or material that the
Company designates as Confidential Information. The Consultant
shall keep all Confidential Information in strict confidence and
shall not, at any time during or for five (5) years after the
expiration or earlier termination of this Agreement, without the
Company’s prior written consent, disclose, publish,
disseminate or otherwise make available, directly or indirectly,
any item of Confidential Information to anyone. The Consultant
shall use the Confidential Information only in connection with the
performance of the M&A Advisory Services and for no other
purpose. Notwithstanding the obligations set forth above, the
Consultant may disclose Confidential Information to any of its
employees, consultants or subcontractors who need to receive the
Confidential Information in connection with the provision of the
M&A Advisory Services, provided that the Consultant shall
ensure that, prior to disclosing the Confidential Information, each
subcontractor, consultant or employee to whom the Confidential
Information is to be disclosed is made aware of the obligations
contained in this Agreement and agrees to undertake, in a manner
legally enforceable by the Company, to adhere to such terms of this
Agreement as if it were a party to it. The Consultant recognizes that its threatened breach or breach of
this Section 4
will cause irreparable harm to the
Company that is inadequately compensable in damages and that, in
addition to other remedies that may be available at law or equity,
the Company is entitled to injunctive relief for such a threatened
or actual breach of this Section
4. Notwithstanding the above,
the Consultant shall not have any obligations of confidentiality
with respect to any portion of Confidential Information which (i)
was previously known to the Consultant prior to receipt from the
disclosing party, (ii) is now public knowledge, or becomes public
knowledge in the future, other than through acts or omissions of
the Consultant in violation of this Section
4, or (iii) is lawfully
obtained by the Consultant from sources independent of the
disclosing party who have a lawful right to disclose such
Confidential Information. The Consultant may disclose Confidential
Information to the extent such disclosure is reasonably necessary
in complying with applicable governmental laws, rules or
regulations or court orders.

 

5. Publicity. The Consultant shall
not refer to the existence of this Agreement in any press release,
advertising or other public statement, written or oral, without the
prior written consent of the Company, except as required by
applicable law or regulation.

 

6. Ownership. The Company shall
have complete and exclusive ownership of all work products, as well
as all materials (and all intellectual property rights in and to
all of the foregoing) (collectively, “Work Product”), produced by
Consultant under this Agreement. In furtherance of the foregoing,
the Consultant hereby irrevocably assigns to the Company all right,
title and interest in and to such Work Product. The Consultant
agrees to execute all documents deemed reasonably necessary by the
Company to evidence or perfect the foregoing
assignment.

 

7. Patent Rights. No right or
license, either expressed or implied, under any licensing
agreement, patent or proprietary right of the Company is granted
hereunder. Any information or technology, including but not limited
to data, products, processes, formulations, machinery and
apparatus, and uses thereof, which Consultant may develop, improve,
discover or invent as a result of the Services (the
“Technology”)
shall be considered to be “Work Product” and shall
become the property of the Company. The Consultant shall
immediately disclose any Technology to the Company. The Consultant
shall also execute any other documents reasonably requested by the
Company related to the Technology and the Work Product, including
documents necessary for patent or regulatory filings and cooperate with the Company after the filing of
patent or regulatory documents for as long as necessary to vest the
rights to the Technology in the Company, including execution of
necessary documents in subsequent continuation,
continuation-in-part, divisional, international, and foreign patent
applications.

 

8. Return of Materials. Upon the
expiration or termination of this Agreement, whichever occurs
first, the Consultant shall transfer to the Company all Work
Product, Technology, work in progress, property, Confidential
Information and all other materials in the Consultant’s
possession or control that are the property of the
Company.

 

9. Indemnification. Each party
shall defend, indemnify and hold the other party harmless in
accordance with the indemnification and other provisions set forth
in Exhibit A
hereto, which provisions are incorporated herein by reference and
shall survive the termination or expiration of this
Agreement.

 

10.            

Independent Contractor. The
Consultant shall perform all of Consultant’s obligations
under this Agreement as an independent contractor and not as an
agent, employee or representative of the Company. The Consultant
shall not participate in any insurance programs or benefits
including, but not limited to, workers' compensation insurance,
disability insurance or any other employee benefits available to
the Company’s employees.

 

11.            

Assignment. This Agreement is
not assignable by the Consultant without the prior written consent
of the Company.

 

12.            

Notices. Any notice consent,
authorization of other communication to be given hereunder shall be
in writing and shall be deemed duly given and received when
delivered personally, when transmitted by fax, three days after
being mailed by first class mail, or one day after being sent by a
nationally recognized overnight delivery service, charges and
postage prepaid, properly addressed to the party to receive such
notice, as the following address or fax number (or such other
address or fax number as shall hereafter be specified by such party
by like notice):

 

a. If to the Company,
to:                                                                           b.
If to the
Consultant:

   Bright Mountain Media,
Inc.                                                                    
Spartan Capital Securities,
LLC

   6400 Congress Avenue, Suite
2050                                                          
45 Broadway

   Boca Raton, Florida
33487                                                                       
New York, New York
10006

   Attn: W. Kip
Speyer                                                                                  
Attn: John Lowry

    Telephone: (561)
998-2440                                                                      
Telephone: (212)
293-0123

 

13.            

Counterparts. This Agreement
may be executed in one or more counterparts each of which shall for
all purposes be deemed to be an original and all of which shall
constitute one and the same instrument. Facsimile signatures shall
be treated as original signatures.

 

14.            

Severability. If for any reason
a court of competent jurisdiction finds any provision of this
Agreement, or portion thereof, to be unenforceable, the remainder
of this Agreement shall continue in full force and
effect.

 

15.            

Relationship of Parties.
Nothing in this Agreement is intended
or shall be deemed to constitute a partnership, agency,
employer-employee or joint venture relationship between the
Parties. No Party shall incur any debts or make any commitments for
the other, except to the extent, if at all, specifically provided
herein.

 

16.                       

Waiver.
A waiver by either party of any of the
terms and conditions of this Agreement in any instance shall not be
deemed or construed to be a waiver of such term or condition for
the future, or of any subsequent breach hereof. All rights,
remedies, undertakings, obligations and agreements contained in
this Agreement shall be cumulative and none of them shall be in
limitation of any other remedy, right, undertaking, obligation or
agreement of either party.

 

17.            

Entire Agreement. This
Agreement sets forth the entire agreement between the parties with
respect to the specific matters contained herein, and this
Agreement has no bearing or effect on any prior agreements entered
into by the Parties. This Agreement may be modified or amended only
in writing signed by the Parties. The descriptive headings of each
numbered section of this Agreement are for convenience only and are
not for use in the construction and/or interpretation of this
Agreement.

 

18.            

Applicable Law. This Agreement
shall be deemed to have been made in the State of New York and
shall be construed and governed in accordance with the laws of the
State of New York without regard to the conflicts of laws rules of
such jurisdiction. The parties hereby irrevocably consent to the
jurisdiction of the courts located in the State of New
York.

 

IN WITNESS WHEREOF, the Parties have
caused their respective signature page to this Agreement to be duly
executed as of the date first written above.

 

 

Spartan Capital Securities,
LLC                                     

Bright
Mountain Media, Inc.

 

 

 By:
/s/ John
Lowry                   

                                 

By: /s/ W. Kip Speyer

        John
Lowry,                        

            

                       

W. Kip
Speyer,

        Chief
Executive Officer Chief Executive Officer 

 

 

Page
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1

 

Exhibit 10.46

 

EXHIBIT A

 

INDEMNIFICATION PROVISIONS

 

Bright
Mountain Media, Inc. (the “Company”) agrees to indemnify and
hold harmless Spartan Capital Securities, LLC (“Consultant”) and each of the other
Indemnified Parties (as hereinafter defined) from and against any
and all losses, claims, damages, obligations, penalties, judgments,
awards, liabilities, and reasonable costs, expenses and
disbursements, and any and all actions, suits, proceedings and
investigations in respect thereof and reasonable legal and other
costs, expenses and disbursements in giving testimony or furnishing
documents in response to a subpoena or otherwise (including,
without limitation, the reasonable costs, expenses and
disbursements, as and when incurred, of investigating, preparing,
pursing or defending any such action, suit, proceeding or
investigation (whether or not in connection with litigation in
which any Indemnified Party is a party)) (collectively,
“Losses”),
directly or indirectly, caused by, relating to, based upon, arising
out of, or in connection with, Consultant’s advisory services
to the Company, including, without limitation, any act or omission
by the Company in connection with its acceptance of or the
performance or non-performance of its obligations under the M&A
Advisory Agreement dated as of September 6, 2017 between the
Company and Consultant to which these indemnification provisions
are attached and form a part (the “Agreement”), any breach by the
Company of any representation, warranty, covenant or agreement
contained in the Agreement (or in any instrument, document or
agreement relating thereto), or the enforcement by Consultant of
its rights under the Agreement or these indemnification provisions,
except to the extent that any such Losses are found in a final
judgment by a court of competent jurisdiction (not subject to
further appeal) to have resulted primarily and directly from the
gross negligence or willful misconduct of an Indemnified Party. The
Company also agrees that no Indemnified Party shall have any
liability (whether direct or indirect, in contract or tort or
otherwise) to the Company for or in connection with the engagement
of Consultant by the Company or for any other reason, except to the
extent that any such liability is found in a final judgment by a
court of competent jurisdiction (not subject to further appeal) to
have resulted primarily and directly from such Indemnified
Party’s gross negligence or willful misconduct.

 

The
Consultant agrees to indemnify and hold harmless the Company and
each of the other Indemnified Parties (as hereinafter defined) from
and against any and all Losses, directly or indirectly, caused by,
relating to, based upon, arising out of, or in connection with,
Consultant’s advisory services to the Company, including,
without limitation, any act or omission by Consultant in connection
with its acceptance of or the performance or non-performance of its
obligations under the Agreement, any breach by the Consultant of
any representation, warranty, covenant or agreement contained in
the Agreement (or in any instrument, document or agreement relating
thereto), or the enforcement by the Company of its rights under the
Agreement or these indemnification provisions, except to the extent
that any such Losses are found in a final judgment by a court of
competent jurisdiction (not subject to further appeal) to have
resulted primarily and directly from the gross negligence or
willful misconduct of an Indemnified Party. The Company also agrees
that no Indemnified Party shall have any liability (whether direct
or indirect, in contract or tort or otherwise) to the Company for
or in connection with the engagement of Consultant by the Company
or for any other reason, except to the extent that any such
liability is found in a final judgment by a court of competent
jurisdiction (not subject to further appeal) to have resulted
primarily and directly from such Indemnified Party’s gross
negligence or willful misconduct.

 

These
indemnification provisions shall extend to the following persons
(collectively, the “Indemnified Parties”). the
Consultant, the Company, and each of their respective present and
former affiliated entities, partners, employees, legal counsel,
agents and controlling persons (within the meaning of the federal
securities laws), and the officers, directors, partners,
stockholders, members, managers, employees, legal counsel, agents
and controlling persons of any of them. These indemnification
provisions shall be in addition to any liability which the
indemnifying party may otherwise have to any Indemnified
Party.

 

If any
action, suit, proceeding or investigation is commenced, as to which
an Indemnified Party proposes to demand indemnification, it shall
notify the indemnifying party with reasonable promptness;
provided,
however, that any
failure by an Indemnified Party to notify the indemnifying party
shall not relieve the indemnifying party from its obligations
hereunder unless the indemnifying party is prejudiced by such
failure. An Indemnified Party shall have the right to retain
counsel of its own choice to represent it, and the reasonable fees,
expenses and disbursements of such counsel shall be borne by the
indemnifying party. Any such counsel shall, to the extent
consistent with its professional responsibilities, cooperate with
the indemnifying party and any counsel designated by the
indemnifying party. The indemnifying party shall be liable for any
settlement of any claim against any Indemnified Party made with the
indemnifying party’s written consent. The indemnifying party
shall not, without the prior written consent of Indemnified Party,
settle or compromise any claim, or permit a default or consent to
the entry of any judgment in respect thereof, unless such
settlement, compromise or consent (i) includes, as an unconditional
term thereof, the giving by the claimant to all of the Indemnified
Parties against whom it has made a claim of an unconditional
release from all liability in respect of such claim, and (ii) does
not contain any untrue factual or legal admission by or with
respect to an Indemnified Party or an untrue adverse statement with
respect to the character, professionalism, expertise or reputation
of any Indemnified Party or any action or inaction of any
Indemnified Party.

 

In
order to provide for just and equitable contribution, if a claim
for indemnification pursuant to these indemnification provisions is
made but it is found in a final judgment by a court of competent
jurisdiction (not subject to further appeal) that such
indemnification may not be enforced in such case, even though the
express provisions hereof provide for indemnification in such case,
then the indemnifying party shall contribute to the Losses to which
any Indemnified Party may be subject (i) in accordance with the
relative benefits received by the indemnifying par ty, on the one
hand, and the Indemnified Party, on the other hand, and (ii) if
(and only if) the allocation provided in clause (i) of this
sentence is not permitted by applicable law, in such proportion as
to reflect not only the relative benefits, but also the relative
fault of the indemnifying party, on the one hand, and the
Indemnified Party, on the other hand, in connection with the
statements, acts or omissions which resulted in such Losses as well
as any relevant equitable considerations. No person found liable
for a fraudulent misrepresentation shall be entitled to
indemnification or contribution from any person who is not also
found liable for fraudulent misrepresentation. The relative
benefits received (or anticipated to be received) by the
indemnifying party and its stockholders, subsidiaries and
affiliates shall be deemed to be equal to the aggregate
consideration payable or receivable by such parties in connection
with the transaction or transactions to which the Agreement.
Notwithstanding the foregoing, in no event shall the amount
contributed by all Indemnified Parties exceed the amount of fees
previously received by Consultant pursuant to the
Agreement.

 

Neither
termination nor completion of the engagement of Consultant referred
to above shall affect these indemnification provisions which shall
remain operative and in full force and effect. The indemnification
provisions shall be binding upon the Parties and their respective
successors and assigns and shall inure to the benefit of the
Indemnified Parties and their respective successors, assigns, heirs
and personal representatives.

 

 

 

 

 

 

Page
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1EX-4.2

 Exhibit 4.2 

Execution Version 

$300,000,000 
 MATADOR
RESOURCES COMPANY 
 5.875% SENIOR NOTES DUE 2026 

REGISTRATION RIGHTS AGREEMENT 

October 4, 2018 
 MERRILL
LYNCH, PIERCE, FENNER & SMITH 
 INCORPORATED 

As Representative of the Initial Purchasers 
 c/o
Merrill Lynch, Pierce, Fenner & Smith 
 Incorporated 

One Bryant Park 
 New York, New York 10036 

Ladies and Gentlemen: 
 Matador Resources
Company, a Texas corporation (the “Issuer”), proposes to issue and sell to Merrill Lynch, Pierce, Fenner & Smith Incorporated and the other several Initial Purchasers named in Schedule A to the Purchase Agreement (as
defined below) (collectively, the “Initial Purchasers”), upon the terms set forth in a purchase agreement dated October 1, 2018 (the “Purchase Agreement”), $300,000,000 aggregate principal amount of its 5.875%
Senior Notes due 2026 (the “Initial Securities”) to be unconditionally guaranteed (the “Guarantees”) by certain of the Issuer’s subsidiaries who are signatories hereto as guarantors (collectively, the
“Guarantors” and together with the Issuer, the “Company”). The Initial Securities will be issued pursuant to an Indenture, dated as of August 21, 2018 (the “Indenture”), by and among the
Issuer, the Guarantors and Wells Fargo Bank, National Association (the “Trustee”). 
 As an inducement to the Initial
Purchasers, the Company agrees with the Initial Purchasers, for the benefit of the holders of the Initial Securities (including, without limitation, the Initial Purchasers), the Exchange Securities (as defined below) and the Private Exchange
Securities (as defined below) (collectively, the “Holders”), as follows: 
 1. Registered Exchange Offer. The Company
shall, at its own cost, prepare and file with the Securities and Exchange Commission (the “Commission”) a registration statement (the “Exchange Offer Registration Statement”) on an appropriate form under the
Securities Act of 1933, as amended (the “Securities Act”), with respect to a proposed offer (the “Registered Exchange Offer”) to the Holders of Transfer Restricted Securities (as defined in Section 6(d)
hereof), who are not prohibited by any law or policy of the Commission from participating in the Registered Exchange Offer, to issue and deliver to such Holders, in exchange for the Initial Securities, a like aggregate principal amount of debt
securities (the “Exchange Securities”) of the Company issued under the Indenture and identical in all material respects to the Initial Securities (except for the transfer restrictions relating to the Initial Securities and the
provisions relating to 

 
the matters described in Section 6(d) hereof) that would be registered under the Securities Act. The Company shall use its reasonable best efforts to cause such Exchange Offer
Registration Statement to be declared effective under the Securities Act and shall keep the Registered Exchange Offer open for not less than 20 business days (or longer, if required by applicable law) after the date notice of the Registered Exchange
Offer is mailed to the Holders. 
 If the Company commences the Registered Exchange Offer, the Company will be entitled to close the
Registered Exchange Offer 30 days after the commencement thereof; provided, that the Company has accepted all the Initial Securities theretofore validly tendered, and not withdrawn, in accordance with the terms of the Registered Exchange
Offer. 
 Following the declaration of the effectiveness of the Exchange Offer Registration Statement, the Company shall promptly commence
the Registered Exchange Offer, it being the objective of such Registered Exchange Offer to enable each Holder of Transfer Restricted Securities electing to exchange the Initial Securities for Exchange Securities (assuming that such Holder is not an
affiliate of the Company within the meaning of the Securities Act, acquires the Exchange Securities in the ordinary course of such Holder’s business and has no arrangements or understanding with any person to participate in the distribution of
the Exchange Securities and is not prohibited by any law or policy of the Commission from participating in the Registered Exchange Offer) to trade such Exchange Securities from and after their receipt without any limitations or restrictions under
the Securities Act and without material restrictions under the securities laws of the several states of the United States; provided, however, that the Exchanging Dealers (as defined below) will be required to deliver a prospectus in
connection with resales of Exchange Securities. 
 The Company acknowledges that, pursuant to current interpretations by the
Commission’s staff of Section 5 of the Securities Act, in the absence of an applicable exemption therefrom, (i) each Holder which is a broker-dealer electing to exchange Initial Securities, acquired for its own account as a result of
market making activities or other trading activities, for Exchange Securities (an “Exchanging Dealer”), is required to deliver a prospectus containing the information set forth in (a) Annex A hereto on the cover,
(b) Annex B hereto in the “Exchange Offer Procedures” section and the “Purpose of the Exchange Offer” section, and (c) Annex C hereto in the “Plan of Distribution” section, of such prospectus in
connection with a sale of any such Exchange Securities received by such Exchanging Dealer pursuant to the Registered Exchange Offer and (ii) an Initial Purchaser that elects to sell Exchange Securities acquired in exchange for Initial
Securities constituting any portion of an unsold allotment is required to deliver a prospectus containing the information required by Items 507 or 508 of Regulation S-K under the Securities Act, as applicable,
in connection with such sale. 
 The Company shall use its reasonable best efforts to keep the Exchange Offer Registration Statement
effective and to amend and supplement the prospectus contained therein, in order to permit such prospectus to be lawfully delivered by all persons subject to the prospectus delivery requirements of the Securities Act for such period of time as such
persons must comply with such requirements in order to resell the Exchange Securities; provided, however, that (i) in the case where such prospectus and any amendment or supplement thereto must be delivered by an Exchanging Dealer or an
Initial Purchaser, such period shall be the lesser of 180 days and the date on which all Exchanging Dealers and the Initial Purchasers have sold all Exchange Securities held 

  
 2 

 
by them (unless such period is extended pursuant to Section 3(j) below) and (ii) the Company shall make such prospectus and any amendment or supplement thereto,
available to any broker-dealer for use in connection with any resale of any Exchange Securities for a period of not less than 180 days after the consummation of the Registered Exchange Offer. 

If, upon consummation of the Registered Exchange Offer, any Initial Purchaser holds Initial Securities acquired by it as part of its initial
distribution, the Company, simultaneously with the delivery of the Exchange Securities pursuant to the Registered Exchange Offer, shall issue and deliver to such Initial Purchaser upon the written request of such Initial Purchaser, in exchange (the
“Private Exchange”) for the Initial Securities held by such Initial Purchaser, a like principal amount of debt securities of the Company issued under the Indenture and identical in all material respects (including the existence of
restrictions on transfer under the Securities Act and the securities laws of the several states of the United States, but excluding provisions relating to the matters described in Section 6 hereof) to the Initial Securities
(the “Private Exchange Securities”). The Initial Securities, the Exchange Securities and the Private Exchange Securities are herein collectively called the “Securities.” 

In connection with the Registered Exchange Offer, the Company shall: 

(a) deliver to each Holder a copy of the prospectus forming part of the Exchange Offer Registration Statement, together with an
appropriate Letter of Transmittal and related documents; 
 (b) keep the Registered Exchange Offer open for not less than 20
business days (or longer, if required by applicable law) after the date notice thereof is mailed to the Holders; 
 (c)
utilize the services of a depositary for the Registered Exchange Offer, which may be the Trustee or an affiliate of the Trustee; 

(d) permit Holders to withdraw tendered Securities at any time prior to the close of business, New York time, on the last
business day on which the Registered Exchange Offer shall remain open; and 
 (e) otherwise comply with all applicable laws.

 As soon as practicable after the close of the Registered Exchange Offer or the Private Exchange, as the case may be, the Company shall:

 (x) accept for exchange all Securities validly tendered and not withdrawn pursuant to the Registered Exchange Offer and
the Private Exchange; and 
 (y) cause the Trustee to deliver promptly to each Holder of Initial Securities, Exchange
Securities or Private Exchange Securities, as the case may be, equal in principal amount to the Initial Securities of such Holder so accepted for exchange. 

The Indenture will provide that the Exchange Securities will not be subject to the transfer restrictions set forth in the Indenture and that
all the Securities will vote and consent together on all matters as one class and that none of the Securities will have the right to vote or consent as a class separate from one another on any matter. 

  
 3 

 Interest on each Exchange Security and Private Exchange Security issued pursuant to the
Registered Exchange Offer and in the Private Exchange will accrue from the last interest payment date on which interest was paid on the Initial Securities surrendered in exchange therefor or, if no interest has been paid on the Initial Securities,
from the date of original issue of the Initial Securities. 
 Each Holder participating in the Registered Exchange Offer shall be required
to represent to the Company that at the time of the consummation of the Registered Exchange Offer (i) any Exchange Securities received by such Holder will be acquired in the ordinary course of its business, (ii) such Holder has no
arrangements or understanding with any person to participate in the distribution of the Initial Securities or the Exchange Securities within the meaning of the Securities Act, (iii) such Holder is not an “affiliate,” as defined in
Rule 405 under the Securities Act (“Rule 405”), of the Company or if it is an affiliate, such Holder will comply with the registration and prospectus delivery requirements of the Securities Act to the extent applicable, (iv) if
such Holder is not a broker-dealer, that it is not engaged in, and does not intend to engage in, the distribution of the Exchange Securities and (v) if such Holder is a broker-dealer, that it will receive Exchange Securities for its own account
in exchange for Initial Securities that were acquired as a result of market-making activities or other trading activities and that it will be required to acknowledge that it will deliver a prospectus in connection with any resale of such Exchange
Securities. 
 Notwithstanding any other provisions hereof, the Company will ensure that (i) any Exchange Offer Registration Statement
and any amendment thereto and any prospectus forming part thereof and any supplement thereto comply in all material respects with the Securities Act and the rules and regulations thereunder, (ii) any Exchange Offer Registration Statement and
any amendment thereto do not, when they become effective, contain 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 and (iii) any
prospectus forming part of any Exchange Offer Registration Statement, and any supplement to such prospectus, do not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order
to make the statements therein, in the light of the circumstances under which they were made, not misleading. 
 2. Shelf
Registration. If, (i) because of any change in law or in applicable interpretations thereof by the staff of the Commission, the Company is not permitted to effect a Registered Exchange Offer, as contemplated by Section 1 hereof,
(ii) the Registered Exchange Offer is not consummated within 365 days of October 4, 2018 (the “Issue Date”), (iii) any Initial Purchaser so requests with respect to the Initial Securities (or the Private Exchange
Securities) not eligible to be exchanged for Exchange Securities in the Registered Exchange Offer and held by it following consummation of the Registered Exchange Offer or (iv) any Holder (other than an Exchanging Dealer) is not eligible to
participate in the Registered Exchange Offer or, in the case of any Holder (other than an Exchanging Dealer) that participates in the Registered Exchange Offer, such Holder does not receive freely tradeable Exchange Securities on the date of the
exchange, the Company shall take the following actions: 

  
 4 

 (a) The Company shall, at its cost, as promptly as practicable (but in no
event more than 30 days after so required or requested pursuant to this Section 2) file with the Commission and thereafter shall use its reasonable best efforts to cause to be declared effective (unless it becomes effective automatically
upon filing) a registration statement (the “Shelf Registration Statement” and, together with the Exchange Offer Registration Statement, a “Registration Statement”) on an appropriate form under the Securities Act
relating to the offer and sale of the Transfer Restricted Securities by the Holders thereof from time to time in accordance with the methods of distribution set forth in the Shelf Registration Statement and Rule 415 under the Securities Act
(hereinafter, the “Shelf Registration”) on or prior to the 365th day following the Issue Date in the case of clauses (i) or (ii) above and on or prior to the 180th day after the date on which the Shelf Registration Statement is
required to be filed in the case of clauses (iii) and (iv) above; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless
such Holder agrees in writing to be bound by all the provisions of this Agreement applicable to such Holder. 
 (b) The
Company shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective, in order to permit the prospectus included therein to be lawfully delivered by the Holders of the relevant Securities, for a period of two
years (or for such longer period if extended pursuant to Section 3(j) below) from the date of its effectiveness or such shorter period that will terminate when all the Securities covered by the Shelf Registration Statement (i) have
been sold pursuant thereto or (ii) may be sold without any limitations by non-affiliates of the Company under clause (d)(1)(i) of Rule 144 under the Securities Act, or any successor rule thereof,
provided, however, that the six month period shall be replaced with one year (the “Shelf Registration Period”). The Company shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration
Statement effective during the Shelf Registration Period if it voluntarily takes any action that would result in Holders of Securities covered thereby not being able to offer and sell such Securities during that period, unless such action is
required by applicable law. 
 (c) Notwithstanding any other provisions of this Agreement to the contrary, the Company shall
cause (i) the Shelf Registration Statement and any amendment thereto and any related prospectus and any supplement thereto, as of the effective date of the Shelf Registration Statement, amendment or supplement, to comply in all material
respects with the Securities Act and the rules and regulations thereunder, (ii) the Shelf Registration Statement and any amendment thereto not to contain any untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary in order to make the statements therein not misleading and (iii) the prospectus related to the Shelf Registration Statement, and any supplement to such prospectus, not to include an untrue statement of a material
fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. 

3. Registration Procedures. In connection with any Shelf Registration contemplated by Section 2 hereof and, to the extent
applicable, any Registered Exchange Offer contemplated by Section 1 hereof, the following provisions shall apply: 

  
 5 

 (a) The Company shall (i) furnish to each Initial Purchaser, prior to
the filing thereof with the Commission, a copy of the Registration Statement and each amendment thereof and each supplement, if any, to the prospectus included therein and, in the event that an Initial Purchaser (with respect to any portion of an
unsold allotment from the original offering) is participating in the Registered Exchange Offer or the Shelf Registration Statement, the Company shall use its reasonable best efforts to reflect in each such document, when so filed with the
Commission, such comments as such Initial Purchaser reasonably may propose; (ii) include the information set forth in Annex A hereto on the cover, in Annex B hereto in the “Exchange Offer Procedures” section and the
“Purpose of the Exchange Offer” section and in Annex C hereto in the “Plan of Distribution” section of the prospectus forming a part of the Exchange Offer Registration Statement and include the information set forth in
Annex D hereto in the Letter of Transmittal delivered pursuant to the Registered Exchange Offer; (iii) if requested by an Initial Purchaser, include the information required by Items 507 or 508 of Regulation
S-K under the Securities Act, as applicable, in the prospectus forming a part of the Exchange Offer Registration Statement; (iv) include within the prospectus contained in the Exchange Offer Registration
Statement a section entitled “Plan of Distribution,” reasonably acceptable to the Initial Purchasers, which shall contain a summary statement of the positions taken or policies made by the staff of the Commission with respect to the
potential “underwriter” status of any broker-dealer that is the beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”))
of Exchange Securities received by such broker-dealer in the Registered Exchange Offer (a “Participating Broker-Dealer”), whether such positions or policies have been publicly disseminated by the staff of the Commission or such
positions or policies, in the reasonable judgment of the Initial Purchasers based upon advice of counsel (which may be in-house counsel), represent the prevailing views of the staff of the Commission; and
(v) in the case of a Shelf Registration Statement, include in the prospectus included in the Shelf Registration Statement (or, if permitted by Rule 430B(b) under the Securities Act, in a prospectus supplement that becomes a part thereof
pursuant to Rule 430B(f) under the Securities Act) that is delivered to any Holder pursuant to Section 3(d) and (f), the names of the Holders, who propose to sell Securities pursuant to the Shelf Registration Statement, as selling
securityholders. 
 (b) The Company shall give written notice to the Initial Purchasers, the Holders of the Securities
proposed to be sold under the Shelf Registration Statement and any Participating Broker-Dealer from whom the Company has received prior written notice that it will be a Participating Broker-Dealer in the Registered Exchange Offer (which notice
pursuant to clauses (ii)-(v) hereof shall be accompanied by an instruction to suspend the use of the prospectus until the requisite changes have been made): 

(i) when the Registration Statement or any amendment thereto has been filed with the Commission and when the Registration
Statement or any post-effective amendment thereto has become effective; 
 (ii) of any request by the Commission for
amendments or supplements to the Registration Statement or the prospectus included therein or for additional information; 

  
 6 

 (iii) of the issuance by the Commission of any stop order suspending the
effectiveness of the Registration Statement or the initiation of any proceedings for that purpose, of the issuance by the Commission of a notification of objection to the use of the form on which the Registration Statement has been filed, and of the
happening of any event that causes the Company to become an “ineligible issuer,” as defined in Rule 405; 
 (iv) of
the receipt by the Company or its legal counsel of any notification with respect to the suspension of the qualification of the Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and 

(v) of the happening of any event that requires the Company to make changes in the Registration Statement or the prospectus in
order that the Registration Statement or the prospectus do not contain an untrue statement of a material fact nor omit to state a material fact required to be stated therein or necessary to make the statements therein (in the case of the prospectus,
in light of the circumstances under which they were made) not misleading. 
 (c) The Company shall make every reasonable
effort to obtain the withdrawal at the earliest possible time, of any order suspending the effectiveness of the Registration Statement. 

(d) The Company shall furnish to each Holder of Securities included within the coverage of the Shelf Registration, without
charge, at least one copy of the Shelf Registration Statement and any post-effective amendment or supplement thereto, including financial statements and schedules, and, if the Holder so requests in writing, all exhibits thereto (including those, if
any, incorporated by reference). The Company shall not, without the prior consent of the Initial Purchasers, make any offer relating to the Securities that would constitute a “free writing prospectus,” as defined in Rule 405. 

(e) The Company shall deliver to each Initial Purchaser, and to any other Holder who so requests, without charge, at least one
copy of the Exchange Offer Registration Statement and any post-effective amendment thereto, including financial statements and schedules, and, if any Initial Purchaser or any such Holder requests, all exhibits thereto (including those incorporated
by reference). 
 (f) The Company shall, during the Shelf Registration Period, deliver to each Holder of Securities included
within the coverage of the Shelf Registration, without charge, as many copies of the prospectus (including each preliminary prospectus) included in the Shelf Registration Statement and any amendment or supplement thereto as such person may
reasonably request. The Company consents, subject to the provisions of this Agreement, to the use of the prospectus or any amendment or supplement thereto by each of the selling Holders of the Securities in connection with the offering and sale of
the Securities covered by the prospectus, or any amendment or supplement thereto, included in the Shelf Registration Statement. 

  
 7 

 (g) The Company shall deliver to each Initial Purchaser, any Exchanging
Dealer, any Participating Broker-Dealer and such other persons required to deliver a prospectus following the Registered Exchange Offer, without charge, as many copies of the final prospectus included in the Exchange Offer Registration Statement and
any amendment or supplement thereto as such persons may reasonably request. The Company consents, subject to the provisions of this Agreement, to the use of the prospectus or any amendment or supplement thereto by any Initial Purchaser, if
necessary, any Participating Broker-Dealer and such other persons required to deliver a prospectus following the Registered Exchange Offer in connection with the offering and sale of the Exchange Securities covered by the prospectus, or any
amendment or supplement thereto, included in such Exchange Offer Registration Statement. 
 (h) Prior to any public offering
of the Securities, pursuant to any Registration Statement, the Company shall register or qualify or cooperate with the Holders of the Securities included therein and their respective counsel in connection with the registration or qualification of
the Securities for offer and sale under the securities or “blue sky” laws of such states of the United States as any Holder of the Securities reasonably requests in writing and do any and all other acts or things reasonably necessary or
advisable to enable the offer and sale in such jurisdictions of the Securities covered by such Registration Statement; provided, however, that the Company shall not be required to (i) qualify generally to do business in any jurisdiction
where it is not then so qualified or (ii) take any action which would subject it to general service of process or to taxation in any jurisdiction where it is not then so subject. 

(i) To the extent the Securities are not in book-entry form, the Company shall cooperate with the Holders of the Securities to
facilitate the timely preparation and delivery of certificates representing the Securities to be sold pursuant to any Registration Statement free of any restrictive legends and in such denominations and registered in such names as the Holders may
request a reasonable period of time prior to sales of the Securities pursuant to such Registration Statement. 
 (j) Upon the
occurrence of any event contemplated by clauses (ii) through (v) of Section 3(b) above during the period for which the Company is required to maintain an effective Registration Statement, the Company shall promptly prepare and file
a post-effective amendment to the Registration Statement or a supplement to the related prospectus and any other required document so that, as thereafter delivered to Holders of the Securities or purchasers of Securities, the prospectus will not
contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. If the Company
notifies the Initial Purchasers, the Holders of the Securities and any known Participating Broker-Dealer in accordance with clauses (ii) through (v) of Section 3(b) above to suspend the use of the prospectus until the requisite
changes to the prospectus have been made, then the Initial Purchasers, the Holders of the Securities and any such Participating Broker-Dealers shall suspend use of such prospectus, and the period of effectiveness of the Shelf Registration Statement
provided for in Section 2(b) above and the Exchange Offer Registration Statement provided for in Section 1 above shall each be extended by the number of days from and including the date of the giving of

  
 8 

 
such notice to and including the date when the Initial Purchasers, the Holders of the Securities and any known Participating Broker-Dealer shall have received such amended or supplemented
prospectus pursuant to this Section 3(j). During the period during which the Company is required to maintain an effective Shelf Registration Statement pursuant to this Agreement, the Company will prior to the three-year expiration of
that Shelf Registration Statement file, and use its reasonable best efforts to cause to be declared effective (unless it becomes effective automatically upon filing) within a period that avoids any interruption in the ability of Holders of
Securities covered by the expiring Shelf Registration Statement to make registered dispositions, a new registration statement relating to the Securities, which shall be deemed the “Shelf Registration Statement” for purposes of this
Agreement. 
 (k) Not later than the effective date of the applicable Registration Statement, the Company will provide a
CUSIP number for the Initial Securities, the Exchange Securities or the Private Exchange Securities, as the case may be, and provide the Trustee with certificates for the Initial Securities, the Exchange Securities or the Private Exchange
Securities, as the case may be, in a form eligible for deposit with The Depository Trust Company. 
 (l) The Company will
comply with all rules and regulations of the Commission to the extent and so long as they are applicable to the Registered Exchange Offer or the Shelf Registration and will make generally available to its security holders (or otherwise provide in
accordance with Section 11(a) of the Securities Act) an earnings statement satisfying the provisions of Section 11(a) of the Securities Act, no later than 45 days after the end of a 12-month period
(or 90 days, if such period is a fiscal year) beginning with the first month of the Company’s first fiscal quarter commencing after the effective date of the Registration Statement, which statement shall cover such 12-month period. 
 (m) The Company shall cause the Indenture to be qualified under the
Trust Indenture Act of 1939, as amended, in a timely manner and containing such changes, if any, as shall be necessary for such qualification. In the event that such qualification would require the appointment of a new trustee under the Indenture,
the Company shall appoint a new trustee thereunder pursuant to the applicable provisions of the Indenture. 
 (n) The Company
may require each Holder of Securities to be sold pursuant to the Shelf Registration Statement to furnish to the Company such information regarding the Holder and the distribution of the Securities as the Company may from time to time reasonably
require for inclusion in the Shelf Registration Statement, and the Company may exclude from such registration the Securities of any Holder that unreasonably fails to furnish such information within a reasonable time after receiving such request.

 (o) The Company shall enter into such customary agreements (including, if requested, an underwriting agreement in
customary form) and take all such other action, if any, as any Holder of the Securities shall reasonably request in order to facilitate the disposition of the Securities pursuant to any Shelf Registration. 

  
 9 

 (p) In the case of any Shelf Registration, the Company shall (i) make
reasonably available for inspection by the Holders of the Securities, any underwriter participating in any disposition pursuant to the Shelf Registration Statement and any attorney, accountant or other agent retained by the Holders of the Securities
or any such underwriter all relevant financial and other records, pertinent corporate documents and properties of the Company and (ii) cause the Company’s officers, directors, employees, accountants and auditors to supply all relevant
information reasonably requested by the Holders of the Securities or any such underwriter, attorney, accountant or agent in connection with the Shelf Registration Statement, in each case, as shall be reasonably necessary to enable such persons, to
conduct a reasonable investigation within the meaning of Section 11 of the Securities Act; provided, however, that the foregoing inspection and information gathering shall be coordinated on behalf of the Initial Purchasers by you and on
behalf of the other parties, by one counsel designated by and on behalf of such other parties as described in Section 4 hereof; provided, further, however, that any information that is designated in writing by the Company, in good
faith, as confidential at the time of delivery of such information shall be kept confidential by the Holders or any such underwriter, attorney, accountant or other agent, unless such disclosure is made in connection with a court proceeding or
required by law, or such information is or becomes available to the public generally or through a third party without, to the knowledge of any recipient of confidential information, an accompanying obligation of confidentiality or is independently
developed. 
 (q) In the case of any Shelf Registration, the Company, if requested by any Holder of the Securities covered
thereby, shall cause (i) its counsel to deliver an opinion and updates thereof relating to the Securities in customary form addressed to such Holders and the managing underwriters, if any, thereof and dated, in the case of the initial opinion,
the effective date of such Shelf Registration Statement (it being agreed that the matters to be covered by such opinion shall include, without limitation, the good standing of the Company and its subsidiaries; the due authorization, execution and
delivery of the relevant agreement of the type referred to in Section 3(o) hereof; the due authorization, execution, authentication and issuance, and the validity and enforceability, of the applicable Securities; the absence of
governmental approvals required to be obtained in connection with the Shelf Registration Statement, the offering and sale of the applicable Securities, or any agreement of the type referred to in Section 3(o) hereof; the compliance as to
form of such Shelf Registration Statement and any documents incorporated by reference therein and of the Indenture with the requirements of the Securities Act and the Trust Indenture Act, respectively; and (A) as of the date of the opinion and
as of the effective date of the Shelf Registration Statement or most recent post-effective amendment thereto, as the case may be, the absence from such Shelf Registration Statement and the prospectus included therein, as then amended or
supplemented, and from any documents incorporated by reference therein and (B) as of an applicable time identified by such Holders or managing underwriters, the absence from such prospectus taken together with any other documents identified by
such Holders or managing underwriters, in the case of (A) and (B), of an untrue statement of a material fact or the omission to state therein a material fact required to be stated therein or necessary to make the statements therein not
misleading (in the case of any such incorporated documents, in the light of the circumstances existing at the time that such documents were filed with the Commission under the Exchange Act)); (ii) its officers to execute and deliver all customary
documents and certificates and updates 

  
 10 

 
thereof requested by any underwriters of the applicable Securities and (iii) its independent public accountants and the independent public accountants with respect to any other entity for
which financial information is provided in the Shelf Registration Statement to provide to the selling Holders of the applicable Securities and any underwriter therefor a comfort letter in customary form and covering matters of the type customarily
covered in comfort letters in connection with primary underwritten offerings, subject to receipt of appropriate documentation as contemplated, and only if permitted, by Statement of Auditing Standards No. 72. 

(r) In the case of the Registered Exchange Offer, if requested by any Initial Purchaser or any known Participating
Broker-Dealer, the Company shall cause (i) its counsel to deliver to such Initial Purchaser or such Participating Broker-Dealer signed opinions in the form set forth in Section 5(b) of the Purchase Agreement with such changes as are
customary in connection with the preparation of a Registration Statement and (ii) its independent public accountants and the independent public accountants with respect to any other entity for which financial information is provided in the
Registration Statement to deliver to such Initial Purchaser or such Participating Broker-Dealer a comfort letter, in customary form, meeting the requirements as to the substance thereof as set forth in Sections 5(a) and 5(b) of the Purchase
Agreement, with appropriate date changes. 
 (s) If a Registered Exchange Offer or a Private Exchange is to be consummated,
upon delivery of the Initial Securities by Holders to the Company (or to such other person as directed by the Company) in exchange for the Exchange Securities or the Private Exchange Securities, as the case may be, the Company shall mark, or cause
to be marked, on the Initial Securities so exchanged that such Initial Securities are being canceled in exchange for the Exchange Securities or the Private Exchange Securities, as the case may be; in no event shall the Initial Securities be marked
as paid or otherwise satisfied. 
 (t) The Company will use its reasonable best efforts to (a) if the Initial Securities
have been rated prior to the initial sale of such Initial Securities, confirm such ratings will apply to the Securities covered by a Shelf Registration Statement, or (b) if the Initial Securities were not previously rated, cause the Securities
covered by a Shelf Registration Statement to be rated with the appropriate rating agencies, but in each case only if so requested by Holders of a majority in aggregate principal amount of Securities covered by such Registration Statement, or by the
managing underwriters, if any. 
 (u) In the event that any broker-dealer registered under the Exchange Act shall underwrite
any Securities or participate as a member of an underwriting syndicate or selling group or “assist in the distribution” (within the meaning of the Conduct Rules (the “Rules”) of the Financial Industry Regulatory Authority
(“FINRA”)) thereof, whether as a Holder of such Securities or as an underwriter, a placement or sales agent or a broker or dealer in respect thereof, or otherwise, the Company will assist such broker-dealer in complying with the
requirements of such Rules, including, without limitation, by (i) if such Rules, including Rule 2720, shall so require, engaging a “qualified independent underwriter” (as defined in Rule 2720) to participate in the preparation of the
Registration Statement relating to such Securities, to exercise usual standards of due diligence in respect thereto and, if any portion of the offering contemplated by such Registration Statement is an underwritten

  
 11 

 
offering or is made through a placement or sales agent, to recommend the yield of such Securities, (ii) indemnifying any such qualified independent underwriter to the extent of the
indemnification of underwriters provided in Section 5 hereof and (iii) providing such information to such broker-dealer as may be required in order for such broker-dealer to comply with the requirements of the Rules. 

(v) The Company shall use its reasonable best efforts to take all other steps necessary to effect the registration of the
Securities covered by a Registration Statement contemplated hereby. 
 4. Registration Expenses. The Company shall bear all fees and
expenses incurred in connection with the performance of its obligations under Sections 1 through 3 hereof (including the reasonable fees and expenses, if any, of counsel for the Initial Purchasers incurred in connection with the Registered
Exchange Offer), whether or not the Registered Exchange Offer or a Shelf Registration is filed or becomes effective, and, in the event of a Shelf Registration, shall bear or reimburse the Holders of the Securities covered thereby for the reasonable
fees and disbursements of one firm of counsel designated by the Holders of a majority in principal amount of the Initial Securities covered thereby to act as counsel for the Holders of the Initial Securities in connection therewith. Each Holder
shall be responsible for paying all underwriting discounts and commissions, if any, relating to the sale or disposition of such Holder’s Securities pursuant to a Shelf Registration Statement. 

5. Indemnification. 

(a) The Company and each of the Guarantors, jointly and severally, agree to indemnify and hold harmless each Holder of the
Securities, any Participating Broker-Dealer and each person, if any, who controls such Holder or such Participating Broker-Dealer within the meaning of the Securities Act or the Exchange Act (each Holder, any Participating Broker-Dealer and such
controlling persons are referred to collectively as the “Indemnified Parties”) from and against any losses, claims, damages or liabilities, joint or several, or any actions in respect thereof (including, but not limited to, any
losses, claims, damages, liabilities or actions relating to purchases and sales of the Securities) to which each Indemnified Party may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such losses, claims, damages,
liabilities or actions arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in a Registration Statement or prospectus or in any amendment or supplement thereto or in any preliminary prospectus
or “issuer free writing prospectus,” as defined in Rule 433 under the Securities Act (“Issuer FWP”), relating to a Shelf Registration, or arise out of, or are based upon, the omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements therein not misleading, and shall reimburse, as incurred, the Indemnified Parties for any legal or other expenses reasonably incurred by them in connection with
investigating or defending any such loss, claim, damage, liability or action in respect thereof; provided, however, that the Company and each Guarantor will not be liable in any such case to the extent that such loss, claim, damage or
liability arises out of or is based upon any untrue statement or alleged untrue statement or omission or alleged omission made in a Registration Statement or prospectus or in any amendment or supplement thereto or in any preliminary prospectus or
Issuer FWP relating to a Shelf Registration in reliance upon and in conformity with written information pertaining to such Holder and furnished to the Company by or on behalf of such Holder specifically for inclusion therein. 

  
 12 

 (b) Each Holder of the Securities, severally and not jointly, will indemnify
and hold harmless the Company and each Guarantor, their directors and officers and each person, if any, who controls the Company or such Guarantor within the meaning of the Securities Act or the Exchange Act from and against any losses, claims,
damages or liabilities or any actions in respect thereof, to which the Company or any such Guarantor, their directors and officers or any such controlling person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as
such losses, claims, damages, liabilities or actions arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in a Registration Statement or prospectus or in any amendment or supplement thereto or
in any preliminary prospectus or Issuer FWP relating to a Shelf Registration, or arise out of or are based upon the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements
therein not misleading, but in each case only to the extent that the untrue statement or omission or alleged untrue statement or omission was made in reliance upon and in conformity with written information pertaining to such Holder and furnished to
the Company by or on behalf of such Holder specifically for inclusion therein; and, subject to the limitation set forth immediately preceding this clause, shall reimburse, as incurred, the Company or any such Guarantor, their directors and officers
or any such controlling person for any legal or other expenses reasonably incurred by the Company or any such Guarantor, their directors and officers or any such controlling person in connection with investigating or defending any loss, claim,
damage, liability or action in respect thereof. This indemnity agreement will be in addition to any liability that such Holder may otherwise have to the Company, any Guarantor, their directors and officers or any such controlling person. 

(c) Promptly after receipt by an indemnified party under this Section 5 of notice of the commencement of any action
or proceeding (including a governmental investigation), such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this Section 5, notify the indemnifying party of the commencement
thereof; but the failure to notify the indemnifying party shall not relieve the indemnifying party from any liability that it may have under subsection (a) or (b) above except to the extent that it has been materially prejudiced (through the
forfeiture of substantive rights or defenses) by such failure; and provided, further that the failure to notify the indemnifying party shall not relieve it from any liability that it may have to an indemnified party otherwise than under
subsection (a) or (b) above. In case any such action is brought against any indemnified party, and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be entitled to participate therein and, to the extent
that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel reasonably satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be
counsel to the indemnifying party), and after notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof the indemnifying party will not be liable to such indemnified party under this
Section 5 for any legal or other expenses, other than reasonable costs of investigation, subsequently incurred by such indemnified party in 

  
 13 

 
connection with the defense thereof. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any pending or threatened action in respect
of which any indemnified party is or could have been a party and indemnity could have been sought hereunder by such indemnified party unless such settlement (i) includes an unconditional release of such indemnified party from all liability on
any claims that are the subject matter of such action, and (ii) does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of any indemnified party. 

(d) If the indemnification provided for in this Section 5 is unavailable or insufficient to hold harmless an
indemnified party under subsections (a) or (b) above, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of the losses, claims, damages or liabilities (or actions in respect
thereof) referred to in subsection (a) or (b) above (i) in such proportion as is appropriate to reflect the relative benefits received by the indemnifying party or parties on the one hand and the indemnified party on the
other from the exchange of the Securities, pursuant to the Registered Exchange Offer, or (ii) if the allocation provided by the foregoing clause (i) is not permitted by applicable law, in such proportion as is appropriate to
reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the indemnifying party or parties on the one hand and the indemnified party on the other in connection with the statements or omissions that
resulted in such losses, claims, damages or liabilities (or actions in respect thereof) as well as any other relevant equitable considerations. The relative fault of the parties shall be determined by reference to, among other things, whether the
untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company and the Guarantors on the one hand or such Holder or such other indemnified party, as
the case may be, on the other, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The amount paid by an indemnified party as a result of the losses, claims,
damages or liabilities referred to in the first sentence of this subsection (d) shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any action
or claim which is the subject of this subsection (d). Notwithstanding any other provision of this Section 5(d), the Holders of the Securities shall not be required to contribute any amount in excess of the amount by which the net
proceeds received by such Holders from the sale of the Securities pursuant to a Registration Statement exceeds the amount of damages which such Holders have 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. For purposes of this subsection (d), each person, if any, who controls such indemnified party within the meaning of the Securities Act or the Exchange Act shall have the same rights to contribution as such indemnified party and
each person, if any, who controls the Company or any Guarantor within the meaning of the Securities Act or the Exchange Act shall have the same rights to contribution as the Company and the Guarantors. 

  
 14 

 (e) The agreements contained in this Section 5 shall survive the
sale of the Securities pursuant to a Registration Statement and shall remain in full force and effect, regardless of any termination or cancellation of this Agreement or any investigation made by or on behalf of any indemnified party. 

6. Additional Interest Under Certain Circumstances. 

(a) Additional interest (the “Additional Interest”) with respect to the Initial Securities shall be assessed
as follows if any of the following events occur (each such event in clauses (i) through (iii) below a “Registration Default”): 

(i) If obligated to file a Shelf Registration Statement pursuant to (A) Sections 2(i)-(ii) above, the Shelf
Registration Statement has not been declared effective by the Commission (or become effective automatically) on or prior to the 365th day after the Issue Date, or (B) Sections 2(iii)-(iv) above, the Shelf Registration Statement has not
been declared effective by the Commission (or become effective automatically) on or prior to the 180th day after the date on which the Shelf Registration Statement is required to be filed; 

(ii) If the Registered Exchange Offer has not been consummated on or before the 365th day after the Issue Date; or 

(iii) If after either the Exchange Offer Registration Statement or the Shelf Registration Statement is declared (or becomes
automatically) effective (A) such Registration Statement thereafter ceases to be effective during the periods specified in Sections 1 and 2, as applicable; or (B) such Registration Statement or the related prospectus ceases
to be usable (except as permitted in subsection (b)) in connection with resales of Transfer Restricted Securities during the periods specified herein because either (1) any event occurs as a result of which the related prospectus forming part
of such Registration Statement would include any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein in the light of the circumstances under which they were made not misleading, (2) it
shall be necessary to amend such Registration Statement or supplement the related prospectus, to comply with the Securities Act or the Exchange Act or the respective rules thereunder, or (3) such Registration Statement is a Shelf Registration
Statement that has expired before a replacement Shelf Registration Statement has become effective. 
 Additional Interest shall accrue on the
Initial Securities over and above the interest set forth in the title of the Securities from and including the date on which any such Registration Default shall occur to but excluding the date on which all such Registration Defaults have been cured.
In the event such Registration Defaults are not previously cured, all Registration Defaults shall be cured on the date that each Security is no longer a Transfer Restricted Security. The rate of the Additional Interest will be 0.25% per year for the
first 90-day period immediately following the occurrence of a Registration Default, and such rate will increase by an additional 0.25% per year with respect to each subsequent
90-day period until all Registration Defaults have been cured, up to a maximum Additional Interest rate of 1.00% per year. The Issuer will pay such Additional Interest on regular interest payment dates. Such
Additional Interest will be in addition to any other interest payable 

  
 15 

 
from time to time with respect to the Initial Securities and the Exchange Securities. The Company will not be required to pay Additional Interest for more than one Registration Default at any
given time. Following the cure of all Registration Defaults, the accrual of Additional Interest will cease and the interest rate will revert to the original rate, 5.875%. The Additional Interest due pursuant to this Section 6(a) shall be
the sole remedy for any Registration Default. 
 (b) A Registration Default referred to in Section 6(a)(iii)(B)
hereof shall be deemed not to have occurred and be continuing in relation to a Shelf Registration Statement or the related prospectus if (i) such Registration Default has occurred solely as a result of (x) the filing of a post-effective
amendment to such Shelf Registration Statement to incorporate annual audited financial information with respect to the Company where such post-effective amendment is not yet effective and needs to be declared effective to permit Holders to use the
related prospectus or (y) other material events, with respect to the Company that would need to be described in such Shelf Registration Statement or the related prospectus and (ii) in the case of clause (y), the Company is proceeding
promptly and in good faith to amend or supplement such Shelf Registration Statement and related prospectus to describe such events; provided, however, that in any case if such Registration Default occurs for a continuous period in excess of
60 days, Additional Interest shall be payable in accordance with the above paragraph from the day such Registration Default would have been deemed to occur but for this Section 6(b) until such Registration Default is cured. 

(c) Any amounts of Additional Interest due pursuant to Section 6(a) above will be payable in cash on the regular
interest payment dates with respect to the Initial Securities. The amount of Additional Interest will be determined by multiplying the applicable Additional Interest rate by the principal amount of the Initial Securities, multiplied by a fraction,
the numerator of which is the number of days such Additional Interest rate was applicable during such period (determined on the basis of a 360-day year comprised of twelve
30-day months), and the denominator of which is 360. 
 (d) “Transfer
Restricted Securities” means each Security until (i) the date on which such Transfer Restricted Security has been exchanged by a person other than a broker-dealer for a freely transferable Exchange Security in the Registered Exchange
Offer, (ii) following the exchange by a broker-dealer in the Registered Exchange Offer of an Initial Security for an Exchange Security, the date on which such Exchange Security is sold to a purchaser who receives from such broker-dealer on or
prior to the date of such sale a copy of the prospectus contained in the Exchange Offer Registration Statement, (iii) the date on which such Initial Security has been effectively registered under the Securities Act and disposed of in accordance
with the Shelf Registration Statement or (iv) the date on which such Initial Securities are distributed to the public pursuant to Rule 144 under the Securities Act or are saleable by non-affiliates of the
Company pursuant to Rule 144(d)(l)(i) under the Securities Act, provided, however, that the six month period shall be replaced with one year. 

  
 16 

 7. Rules 144 and 144A. The Company shall use its reasonable best efforts to file the
reports required to be filed by it under the Securities Act and the Exchange Act in a timely manner and, if at any time the Company is not required to file such reports, it will, upon the request of any Holder of Initial Securities, make publicly
available other information so long as necessary to permit sales of their securities pursuant to Rules 144 and 144A. The Company covenants that it will take such further action as any Holder of Initial Securities may reasonably request, all to the
extent required from time to time to enable such Holder to sell Initial Securities without registration under the Securities Act within the limitation of the exemptions provided by Rules 144 and 144A (including the requirements of Rule 144A(d)(4)).
The Company will provide a copy of this Agreement to prospective purchasers of Initial Securities identified to the Company by the Initial Purchasers upon request. Upon the request of any Holder of Initial Securities, the Company shall deliver to
such Holder a written statement as to whether it has complied with such requirements. Notwithstanding the foregoing, nothing in this Section 7 shall be deemed to require the Company to register any of its securities pursuant to the
Exchange Act. 
 8. Underwritten Registrations. If any of the Transfer Restricted Securities covered by any Shelf Registration are to
be sold in an underwritten offering, the investment banker or investment bankers and manager or managers that will administer the offering will be selected by the Holders of a majority in aggregate principal amount of such Transfer Restricted
Securities to be included in such offering. 
 No person may participate in any underwritten registration hereunder unless such person
(i) agrees to sell such person’s Transfer Restricted Securities on the basis reasonably provided in any underwriting arrangements approved by the persons entitled hereunder to approve such arrangements and (ii) completes and executes
all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements. 

9. Miscellaneous. 

(a) Amendments and Waivers. The provisions of this Agreement may not be amended, modified or supplemented, and waivers
or consents to departures from the provisions hereof may not be given, except by the Company and the written consent of the Holders of a majority in principal amount of (or, in the case of any Additional Interest, all) the Securities affected by
such amendment, modification, supplement, waiver or consent. 
 (b) Notices. All notices and other communications
provided for or permitted hereunder shall be made in writing by hand delivery, first-class mail, facsimile transmission, electronic mail or air courier that guarantees overnight delivery: 

 

	 	(i)	 if to a Holder of the Securities, at the most current address given by such Holder to the Company.

  

	 	(ii)	 if to the Initial Purchasers: 

Merrill Lynch, Pierce, Fenner & Smith 

Incorporated 
 One Bryant Park

 New York, NY 10036 

  
 17 

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

Latham & Watkins LLP 

811 Main Street, Suite 3700 

Houston, TX 77002 
 Fax No.:
(713) 546-5401 
 Attention: Ryan Maierson 

Email: ryan.maierson@lw.com 
  

	 	(iii)	 if to the Company: 

Matador Resources Company 
 One
Lincoln Centre 
 5400 LBJ Freeway, Suite 1500 

Dallas, Texas 75240 
 Fax No.:
(972) 371-5201 
 Attention: Craig N. Adams, Executive Vice President – 

Land, Legal and Administration 

Email: cadams@matadorresources.com 

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

Gibson, Dunn & Crutcher LLP 

2100 McKinney Avenue 
 Dallas,
Texas 75201 
 Fax No.: (214) 571-2948 

Attention: Douglass M. Rayburn 

	 	Email:	 drayburn@gibsondunn.com 

All such notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; three
business days after being deposited in the mail, postage prepaid, if mailed; when receipt is acknowledged by recipient’s facsimile machine operator, if sent by facsimile transmission; and on the day delivered, if sent by electronic mail or
overnight air courier guaranteeing next day delivery. 
 Unless otherwise indicated, all references herein to “days” are to
calendar days. 
 (c) No Inconsistent Agreements. The Company has not, as of the date hereof, entered into, nor shall
it, on or after the date hereof, enter into, any agreement with respect to its securities that is inconsistent with the rights granted to the Holders herein or otherwise conflicts with the provisions hereof. 

(d) Successors and Assigns. This Agreement shall be binding upon the Issuer, the Guarantors and their respective
successors and assigns. 
 (e) Counterparts. This Agreement may be executed in any number of counterparts and by the
parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

  
 18 

 (f) Headings. The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof. 
 (g) Governing Law. THIS AGREEMENT SHALL
BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. 

(h) Severability. If any one or more of the provisions contained herein, or the application thereof in any circumstance,
is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be affected or impaired thereby. 

(i) Securities Held by the Company. Whenever the consent or approval of Holders of a specified percentage of principal
amount of Securities is required hereunder, Securities held by the Company or its affiliates (other than subsequent Holders of Securities if such subsequent Holders are deemed to be affiliates solely by reason of their holdings of such Securities)
shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage. 

(j) Submission to Jurisdiction. By the execution and delivery of this Agreement, the Issuer and each Guarantor submit to
the nonexclusive jurisdiction of any competent federal or state court in the City and State of New York in any suit or proceeding arising out of or relating to this Agreement or brought under federal or state securities laws. 

[Signature pages follow.] 

  
 19 

 If the foregoing is in accordance with your understanding of our agreement, please sign and
return to the Issuer a counterpart hereof, whereupon this instrument, along with all counterparts, will become a binding agreement among the several Initial Purchasers, the Issuer and the Guarantors in accordance with its terms. 

 

			
		 	Very truly yours,
	
	MATADOR RESOURCES COMPANY
		
	By:	 	 /s/ Craig N. Adams

		 	Craig N. Adams
		 	Executive Vice President – Land, Legal and
		 	Administration
	
	DELAWARE WATER MANAGEMENT COMPANY,
	        LLC
	LONGWOOD GATHERING AND DISPOSAL
	        SYSTEMS GP, INC.
	LONGWOOD MIDSTREAM HOLDINGS, LLC
	LONGWOOD MIDSTREAM SOUTH TEXAS, LLC
	LONGWOOD MIDSTREAM SOUTHEAST, LLC
	LONGWOOD MIDSTREAM DELAWARE, LLC
	MATADOR PRODUCTION COMPANY
	MRC ENERGY COMPANY
	MRC DELAWARE RESOURCES, LLC
	MRC ENERGY SOUTHEAST COMPANY, LLC
	MRC ENERGY SOUTH TEXAS COMPANY, LLC
	MRC PERMIAN COMPANY
	MRC PERMIAN LKE COMPANY, LLC
	MRC ROCKIES COMPANY
	SOUTHEAST WATER MANAGEMENT COMPANY,
	        LLC
		
	By:	 	 /s/ Craig N. Adams

		 	Craig N. Adams
		 	Executive Vice President – Land, Legal and
		 	Administration
	
	LONGWOOD GATHERING AND DISPOSAL
	        SYSTEMS, LP

 [Signature Page to Registration Rights Agreement]

			
	By:	 	Longwood Gathering and Disposal Systems
		 	GP, Inc., its general partner
		
	By:	 	 /s/ Craig N. Adams

		 	Craig N. Adams
		 	Executive Vice President – Land, Legal and
		 	Administration

 [Signature Page to Registration Rights Agreement] 

			
	The foregoing Registration Rights Agreement is hereby confirmed and accepted as of the date first above written.
	
	MERRILL LYNCH, PIERCE, FENNER & SMITH
		 	                    INCORPORATED
		
		 	Acting on behalf of itself and as the Representative of the several Initial Purchasers
		
	By:	 	Merrill Lynch, Pierce, Fenner & Smith
		 	                    Incorporated
		
	By:	 	 /s/ Alexander Kroner

		 	Name:
		 	Title:

 [Signature Page to Registration Rights Agreement] 

 ANNEX A 

Each broker-dealer that receives Exchange Securities for its own account pursuant to the Registered Exchange Offer must acknowledge that it
will deliver a prospectus in connection with any resale of such Exchange Securities. The Letter of Transmittal states that by so acknowledging and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an
“underwriter” within the meaning of the Securities Act. This Prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in connection with resales of Exchange Securities received in exchange for
Initial Securities where such Initial Securities were acquired by such broker-dealer as a result of market-making activities or other trading activities. The Company has agreed that, for a period of 180 days after the consummation of the Registered
Exchange Offer, it will make this Prospectus available to any broker-dealer for use in connection with any such resale. See “Plan of Distribution.” 

  
 Annex A - 1 

 ANNEX B 

Each broker-dealer that receives Exchange Securities for its own account in exchange for Securities, where such Initial Securities were
acquired by such broker-dealer as a result of market-making activities or other trading activities, must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities. See “Plan of Distribution.”

  
 Annex B - 1 

 ANNEX C 

PLAN OF DISTRIBUTION 

Each broker-dealer that receives Exchange Securities for its own account pursuant to the Registered Exchange Offer must acknowledge that it
will deliver a prospectus in connection with any resale of such Exchange Securities. This Prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in connection with resales of Exchange Securities received
in exchange for Initial Securities where such Initial Securities were acquired as a result of market-making activities or other trading activities. The Company has agreed that, for a period of 180 days after the effective date of the Exchange Offer
Registration Statement, it will make this prospectus, as amended or supplemented, available to any broker-dealer for use in connection with any such resale. In addition,
until                , 20                (90 days after the consummation of the
Registered Exchange Offer), all dealers effecting transactions in the Exchange Securities may be required to deliver a prospectus. 
 The
Company will not receive any proceeds from any sale of Exchange Securities by broker-dealers. Exchange Securities received by broker-dealers for their own account pursuant to the Exchange Offer may be sold from time to time in one or more
transactions in the over-the-counter market, in negotiated transactions, through the writing of options on the Exchange Securities or a combination of such methods of
resale, at market prices prevailing at the time of resale, at prices related to such prevailing market prices or negotiated prices. Any such resale may be made directly to purchasers or to or through brokers or dealers who may receive compensation
in the form of commissions or concessions from any such broker dealer or the purchasers of any such Exchange Securities. Any broker-dealer that resells Exchange Securities that were received by it for its own account pursuant to the Exchange Offer
and any broker or dealer that participates in a distribution of such Exchange Securities may be deemed to be an “underwriter” within the meaning of the Securities Act and any profit on any such resale of Exchange Securities and any
commission or concessions received by any such persons may be deemed to be underwriting compensation under the Securities Act. The Letter of Transmittal states that, by acknowledging that it will deliver and by delivering a prospectus, a
broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act. 
 For a period of
180 days after the consummation of the Registered Exchange Offer, the Company will promptly send additional copies of this Prospectus and any amendment or supplement to this Prospectus to any broker-dealer that requests such documents as provided in
the Letter of Transmittal. The Company has agreed to pay all expenses incident to the Exchange Offer (including the expenses of one counsel for the Holders of the Securities) other than commissions or concessions of any brokers or dealers and will
indemnify the Holders of the Securities (including any broker-dealers) against certain liabilities, including liabilities under the Securities Act. 

  
 Annex C - 1 

 ANNEX D 

☐    CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES
OF ANY AMENDMENTS OR SUPPLEMENTS THERETO. 
  

	
	Name:                                     
                                         
                                         
                                         
        
	Address:                                    
                                         
                                         
                                         
     
	                                     
                                         
                                         
                                         
                  

 If the undersigned is not a broker-dealer, the undersigned represents that it is not engaged in, and does not
intend to engage in, a distribution of Exchange Securities. If the undersigned is a broker-dealer that will receive Exchange Securities for its own account in exchange for Initial Securities that were acquired as a result of market-making activities
or other trading activities, it acknowledges that it will deliver a prospectus in connection with any resale of such Exchange Securities; however, by so acknowledging and by delivering a prospectus, the undersigned will not be deemed to admit that
it is an “underwriter” within the meaning of the Securities Act. 

  
 Annex D - 1

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