Document:

Indenture dated September 16, 2010, among Chaparral Energy, Inc., the guarantors

 Exhibit 4.1 

CHAPARRAL ENERGY, INC., 

as the Issuer, 

EACH OF THE GUARANTORS PARTY HERETO 

and 
 WELLS FARGO
BANK, NATIONAL ASSOCIATION, 
 as Trustee 

 
  

INDENTURE 
 Dated
as of September 16, 2010 
  
  

9.875% Senior Notes due 2020 

 CROSS-REFERENCE TABLE 

 

					
	   TIA

Section
	  	 	  	 Indenture

 Section

			
	310(a)(1)	  		  	7.10
	      (a)(2)	  		  	7.10
	      (a)(3)	  		  	N.A.
	      (a)(4)	  		  	N.A.
	      (a)(5)	  		  	7.08; 7.10
	      (b)	  		  	7.03; 7.08; 7.10; 11.02
	      (c)	  		  	N.A.
	311(a)	  		  	7.11
	      (b)	  		  	7.11
	      (c)	  		  	N.A.
	312(a)	  		  	2.05
	      (b)	  		  	11.03
	      (c)	  		  	11.03
	313(a)	  		  	7.06
	      (b)(1)	  		  	N.A.
	      (b)(2)	  		  	7.06
	      (c)	  		  	7.06; 11.02
	      (d)	  		  	7.06
	314(a)	  		  	4.06; 4.08
	      (b)	  		  	N.A.
	      (c)(1)	  		  	11.04
	      (c)(2)	  		  	11.04
	      (c)(3)	  		  	N.A.
	      (d)	  		  	N.A.
	      (e)	  		  	11.05
	      (f)	  		  	N.A.
	315(a)	  		  	7.01(b)
	      (b)	  		  	7.05
	      (c)	  		  	7.01(a)
	      (d)	  		  	7.01(c)
	      (e)	  		  	6.11
	316(a)(last sentence)	  	2.09
	      (a)(1)(A)	  		  	6.05
	      (a)(1)(B)	  		  	6.04
	      (a)(2)	  		  	N.A.
	      (b)	  		  	6.07
	      (c)	  		  	9.04
	317(a)(1)	  		  	6.08
	      (a)(2)	  		  	6.09
	      (b)	  		  	2.04
	318(a)	  		  	11.01
	      (b)	  		  	N.A.
	      (c)	  		  	11.01

  

N.A. means Not Applicable 
 NOTE: This
Cross-Reference Table shall not, for any purpose, be deemed to be a part of the Indenture. 

 TABLE OF CONTENTS 

 

					
	 	  	 	  	 Page

			
		  	ARTICLE I.	  	
			
		  	DEFINITIONS AND INCORPORATION BY REFERENCE	  	
			
	 SECTION 1.1.
	  	Definitions.	  	1
	 SECTION 1.2.
	  	Incorporation by Reference of TIA.	  	36
	 SECTION 1.3.
	  	Rules of Construction.	  	36
			
		  	ARTICLE II.	  	
			
		  	THE NOTES	  	
			
	 SECTION 2.1.
	  	Form and Dating.	  	37
	 SECTION 2.2.
	  	Execution and Authentication; Aggregate Principal Amount.	  	38
	 SECTION 2.3.
	  	Registrar and Paying Agent.	  	39
	 SECTION 2.4.
	  	Paying Agent To Hold Assets in Trust.	  	40
	 SECTION 2.5.
	  	Holder Lists.	  	40
	 SECTION 2.6.
	  	Transfer and Exchange.	  	40
	 SECTION 2.7.
	  	Replacement Notes.	  	49
	 SECTION 2.8.
	  	Outstanding Notes.	  	50
	 SECTION 2.9.
	  	Treasury Notes.	  	50
	 SECTION 2.10.
	  	Temporary Notes.	  	50
	 SECTION 2.11.
	  	Cancellation.	  	50
	 SECTION 2.12.
	  	Defaulted Interest.	  	51
	 SECTION 2.13.
	  	CUSIP Number.	  	51
	 SECTION 2.14.
	  	Deposit of Monies.	  	52
	 SECTION 2.15.
	  	Restrictive Legends.	  	52
	 SECTION 2.16.
	  	Designation.	  	54
			
		  	ARTICLE III.	  	
			
		  	REDEMPTION	  	
			
	 SECTION 3.1.
	  	Notices to Trustee.	  	54
	 SECTION 3.2.
	  	Selection of Notes To Be Redeemed.	  	54
	 SECTION 3.3.
	  	Optional Redemption.	  	55
	 SECTION 3.4.
	  	Notice of Redemption.	  	55
	 SECTION 3.5.
	  	Effect of Notice of Redemption.	  	56
	 SECTION 3.6.
	  	Deposit of Redemption Price.	  	56
	 SECTION 3.7.
	  	Notes Redeemed in Part.	  	57
			
		  	ARTICLE IV.	  	
			
		  	COVENANTS	  	
			
	 SECTION 4.1.
	  	Payment of Notes.	  	57
	 SECTION 4.2.
	  	Maintenance of Office or Agency.	  	57

  

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	 	  	 	  	 Page

			
	 SECTION 4.3.
	  	Organizational Existence.	  	57
	 SECTION 4.4.
	  	Payment of Taxes and Other Claims.	  	58
	 SECTION 4.5.
	  	Maintenance of Properties and Insurance.	  	58
	 SECTION 4.6.
	  	Compliance Certificate; Notice of Default.	  	58
	 SECTION 4.7.
	  	Compliance with Laws.	  	59
	 SECTION 4.8.
	  	Reports to Holders.	  	59
	 SECTION 4.9.
	  	Waiver of Stay, Extension or Usury Laws.	  	60
	 SECTION 4.10.
	  	Limitation on Restricted Payments.	  	60
	 SECTION 4.11.
	  	Limitations on Affiliate Transactions.	  	65
	 SECTION 4.12.
	  	Limitation on Incurrence of Indebtedness and Preferred Stock.	  	66
	 SECTION 4.13.
	  	Limitation on Restrictions on Distributions from Restricted Subsidiaries.	  	69
	 SECTION 4.14.
	  	Payments for Consents.	  	72
	 SECTION 4.15.
	  	Change of Control.	  	72
	 SECTION 4.16.
	  	Limitation on Sales of Assets and Subsidiary Stock.	  	74
	 SECTION 4.17.
	  	[INTENTIONALLY OMITTED].	  	77
	 SECTION 4.18.
	  	Limitation on Liens.	  	77
	 SECTION 4.19.
	  	Limitation on Lines of Business.	  	77
	 SECTION 4.20.
	  	Additional Subsidiary Guarantees.	  	77
			
		  	ARTICLE V.	  	
			
		  	SUCCESSOR CORPORATION	  	
			
	 SECTION 5.1.
	  	Merger, Consolidation and Sale of Assets.	  	78
	 SECTION 5.2.
	  	Successor Corporation Substituted.	  	79
			
		  	ARTICLE VI.	  	
			
		  	REMEDIES	  	
			
	 SECTION 6.1.
	  	Events of Default.	  	79
	 SECTION 6.2.
	  	Acceleration.	  	81
	 SECTION 6.3.
	  	Other Remedies.	  	82
	 SECTION 6.4.
	  	Waiver of Past Defaults.	  	82
	 SECTION 6.5.
	  	Control by Majority.	  	82
	 SECTION 6.6.
	  	Limitation on Suits.	  	83
	 SECTION 6.7.
	  	Right of Holders To Receive Payment.	  	83
	 SECTION 6.8.
	  	Collection Suit by Trustee.	  	83
	 SECTION 6.9.
	  	Trustee May File Proofs of Claim.	  	84
	 SECTION 6.10.
	  	Priorities.	  	84
	 SECTION 6.11.
	  	Undertaking for Costs.	  	84
	 SECTION 6.12.
	  	Restoration of Rights and Remedies.	  	85
			
		  	ARTICLE VII.	  	
			
		  	TRUSTEE	  	
			
	 SECTION 7.1.
	  	Duties of Trustee.	  	85
	 SECTION 7.2.
	  	Rights of Trustee.	  	86

  

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	 	  	 	  	 Page

			
	 SECTION 7.3.
	  	Individual Rights of Trustee.	  	87
	 SECTION 7.4.
	  	Trustee’s Disclaimer.	  	87
	 SECTION 7.5.
	  	Notice of Default.	  	88
	 SECTION 7.6.
	  	Reports by Trustee to Holders.	  	88
	 SECTION 7.7.
	  	Compensation and Indemnity.	  	88
	 SECTION 7.8.
	  	Replacement of Trustee.	  	89
	 SECTION 7.9.
	  	Successor Trustee by Merger, Etc.	  	90
	 SECTION 7.10.
	  	Eligibility; Disqualification.	  	90
	 SECTION 7.11.
	  	Preferential Collection of Claims Against the Issuer.	  	90
	 SECTION 7.12.
	  	Force Majeure.	  	90
	 SECTION 7.13.
	  	Defaults and Events of Default.	  	90
			
		  	ARTICLE VIII.	  	
			
		  	DISCHARGE OF INDENTURE; DEFEASANCE	  	
			
	 SECTION 8.1.
	  	Termination of Issuer’s Obligations.	  	91
	 SECTION 8.2.
	  	Application of Trust Money.	  	93
	 SECTION 8.3.
	  	Repayment to the Issuer.	  	93
	 SECTION 8.4.
	  	Reinstatement.	  	93
	 SECTION 8.5.
	  	Acknowledgment of Discharge by Trustee.	  	93
			
		  	ARTICLE IX.	  	
			
		  	MODIFICATION OF THE INDENTURE	  	
			
	 SECTION 9.1.
	  	Without Consent of Holders.	  	94
	 SECTION 9.2.
	  	With Consent of Holders.	  	95
	 SECTION 9.3.
	  	Compliance with Trust Indenture Act.	  	96
	 SECTION 9.4.
	  	Revocation and Effect of Consents.	  	96
	 SECTION 9.5.
	  	Notation on or Exchange of Notes.	  	96
	 SECTION 9.6.
	  	Trustee To Sign Amendments, Etc.	  	96
			
		  	ARTICLE X.	  	
			
		  	[INTENTIONALLY OMITTED]	  	
			
		  	ARTICLE XI.	  	
			
		  	MISCELLANEOUS	  	
			
	 SECTION 11.1.
	  	TIA Controls.	  	97
	 SECTION 11.2.
	  	Notices.	  	97
	 SECTION 11.3.
	  	Communications by Holders with Other Holders.	  	98
	 SECTION 11.4.
	  	Certificate and Opinion as to Conditions Precedent.	  	98
	 SECTION 11.5.
	  	Statements Required in Certificate or Opinion.	  	98
	 SECTION 11.6.
	  	Rules by Trustee, Paying Agent, Registrar.	  	99
	 SECTION 11.7.
	  	Legal Holidays.	  	99
	 SECTION 11.8.
	  	Governing Law.	  	99
	 SECTION 11.9.
	  	No Adverse Interpretation of Other Agreements.	  	99

  

 -iii- 

					
	 	  	 	  	 Page

			
	 SECTION 11.10.
	  	No Personal Liability.	  	99
	 SECTION 11.11.
	  	Successors.	  	99
	 SECTION 11.12.
	  	Duplicate Originals.	  	99
	 SECTION 11.13.
	  	Severability.	  	100
	 SECTION 11.14.
	  	Independence of Covenants.	  	100
			
		  	ARTICLE XII.	  	
			
		  	SUBSIDIARY GUARANTEE OF NOTES	  	
			
	 SECTION 12.1.
	  	Unconditional Subsidiary Guarantee.	  	100
	 SECTION 12.2.
	  	Limitations on Subsidiary Guarantees.	  	101
	 SECTION 12.3.
	  	Execution and Delivery of Subsidiary Guarantee Notation.	  	101
	 SECTION 12.4.
	  	Release of a Subsidiary Guarantor.	  	102
	 SECTION 12.5.
	  	Waiver of Subrogation.	  	102
	 SECTION 12.6.
	  	Immediate Payment.	  	103
	 SECTION 12.7.
	  	No Set-Off.	  	103
	 SECTION 12.8.
	  	Obligations Absolute.	  	103
	 SECTION 12.9.
	  	Obligations Continuing.	  	103
	 SECTION 12.10.
	  	Obligations Not Reduced.	  	103
	 SECTION 12.11.
	  	Obligations Reinstated.	  	104
	 SECTION 12.12.
	  	Obligations Not Affected.	  	104
	 SECTION 12.13.
	  	Waiver.	  	105
	 SECTION 12.14.
	  	No Obligation To Take Action Against the Issuer.	  	105
	 SECTION 12.15.
	  	Dealing with the Issuer and Others.	  	105
	 SECTION 12.16.
	  	Default and Enforcement.	  	106
	 SECTION 12.17.
	  	Amendment, Etc.	  	106
	 SECTION 12.18.
	  	Acknowledgment.	  	106
	 SECTION 12.19.
	  	Costs and Expenses.	  	106
	 SECTION 12.20.
	  	No Merger or Waiver; Cumulative Remedies.	  	106
	 SECTION 12.21.
	  	Survival of Obligations.	  	107
	 SECTION 12.22.
	  	Subsidiary Guarantee in Addition to Other Obligations.	  	107
	 SECTION 12.23.
	  	Severability.	  	107
	 SECTION 12.24.
	  	Successors and Assigns.	  	107
	 SECTION 12.25.
	  	Wavier of Jury Trial.	  	107

 EXHIBITS 

 

			
	Exhibit A	  	Form of Note
	Exhibit B	  	Form of Certificate of Transfer
	Exhibit C	  	Form of Certificate of Exchange
	Exhibit D	  	Form of Subsidiary Guarantee Notation

  

 -iv- 

 INDENTURE, dated as of September 16, 2010, among Chaparral Energy, Inc., a Delaware
corporation (the “Issuer”), the Guarantors (as defined) and Wells Fargo Bank, National Association, as Trustee (the “Trustee”). 

The Issuer has duly authorized the creation of an issue of 9.875% Senior Notes due 2020 (the “Notes”) and, to provide
therefor, the Issuer and the Guarantors have duly authorized the execution and delivery of this Indenture. All things necessary to make the Notes, when duly issued and executed by the Issuer, and authenticated and delivered under this Indenture, the
valid obligations of the Issuer, and to make this Indenture a valid and binding agreement of the Issuer, have been done. 
 Each
party hereto agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Notes. 

ARTICLE I. 

DEFINITIONS AND INCORPORATION BY REFERENCE 

SECTION 1.1. Definitions. 

“Acquired Indebtedness” means Indebtedness (i) of a Person or any of its Subsidiaries existing at the time such
Person becomes or is merged with and into a Restricted Subsidiary or (ii) assumed in connection with the acquisition of assets from such Person, in each case whether or not Incurred by such Person in connection with, or in anticipation or
contemplation of, such Person becoming a Restricted Subsidiary or such acquisition. Acquired Indebtedness shall be deemed to have been Incurred, with respect to clause (i) of the preceding sentence, on the date such Person becomes or is merged
with and into a Restricted Subsidiary and, with respect to clause (ii) of the preceding sentence, on the date of consummation of such acquisition of assets. 

“Additional Assets” means: 

(1) any properties or assets to be used by the Issuer or a Restricted Subsidiary in the Oil and Gas Business; 

(2) capital expenditures by the Issuer or a Restricted Subsidiary in the Oil and Gas Business; 

(3) the Capital Stock of a Person that becomes a Restricted Subsidiary as a result of the acquisition of such Capital
Stock by the Issuer or a Restricted Subsidiary; or 
 (4) Capital Stock constituting a minority interest in any
Person that at such time is a Restricted Subsidiary; 
 provided, however, that, in the case of clauses (3) and (4), such Restricted
Subsidiary is primarily engaged in the Oil and Gas Business. 
 “Additional Notes” means Notes, in addition to,
and having identical terms (except for a date of original issuance different than the Issue Date) as, the $300,000,000 aggregate principal amount of Notes issued on the Issue Date, issued pursuant to Article II and in compliance with
Section 4.12. 

 “Adjusted Consolidated Net Tangible Assets” of a Person means (without
duplication), as of the date of determination, the remainder of: 
 (a) the sum of: 

(i) discounted future net revenues from proved oil and gas reserves of such Person and its Restricted Subsidiaries
calculated in accordance with SEC guidelines before any state or federal income taxes, as both estimated by the Issuer in a reserve report prepared as of the end of the Issuer’s most recently completed fiscal year and included in audited
financial statements either filed with the SEC or provided to the Trustee and the holders of the Notes as required by Section 4.8 hereof, as increased by, as of the date of determination, the estimated discounted future net revenues from

 (A) estimated proved oil and gas reserves acquired since such year end, which reserves were not reflected in
such year end reserve report, and 
 (B) estimated oil and gas reserves attributable to extensions, discoveries
and other additions and upward revisions of estimates of proved oil and gas reserves (including previously estimated development costs Incurred during the period and the accretion of discount since the prior period end) since such year end due to
exploration, development or exploitation, production or other activities which would, in accordance with standard industry practice, cause such revisions, in each case calculated in accordance with SEC guidelines (utilizing the prices for the fiscal
quarter ending prior to the date of determination), 
 and decreased by, as of the date of determination, the estimated
discounted future net revenues from 
 (C) estimated proved oil and gas reserves produced or disposed of since
such year end, and 
 (D) estimated oil and gas reserves attributable to downward revisions of estimates of
proved oil and gas reserves since such year end due to changes in geological conditions or other factors which would, in accordance with standard industry practice, cause such revisions, in each case calculated on a pre-tax basis and substantially
in accordance with SEC guidelines (utilizing the prices for the fiscal quarter ending prior to the date of determination), 

provided, however, that in the case of each of the determinations made pursuant to clauses (A) through (D), such increases and
decreases shall be as estimated by the Issuer’s petroleum engineers; 
 (ii) the capitalized costs that are
attributable to oil and gas properties of such Person and its Restricted Subsidiaries to which no proved oil and gas reserves are attributable, based on such Person’s books and records as of a date no earlier than the date of such Person’s
latest available annual or quarterly financial statements; 
 (iii) the Net Working Capital of such Person on a
date no earlier than the date of such Person’s latest annual or quarterly financial statements; and 
 (iv)
the greater of 
  

 -2- 

 (A) the net book value of other tangible assets of such Person and its
Restricted Subsidiaries, as of a date no earlier than the date of such Person’s latest annual or quarterly financial statement, and 

(B) the appraised value, as estimated by independent appraisers, of other tangible assets of such Person and its
Restricted Subsidiaries, as of a date no earlier than the date of such Person’s latest audited financial statements; minus 

(b) the sum of: 

(i) Minority Interests; 

(ii) any net gas balancing liabilities of such Person and its Restricted Subsidiaries reflected in such Person’s
latest audited balance sheet; 
 (iii) to the extent included in (a)(i) above, the discounted future net
revenues, calculated in accordance with SEC guidelines (utilizing the prices utilized in such Person’s year end reserve report), attributable to reserves which are required to be delivered to third parties to fully satisfy the obligations of
the Issuer and its Restricted Subsidiaries with respect to Volumetric Production Payments (determined, if applicable, using the schedules specified with respect thereto); and 

(iv) the discounted future net revenues, calculated in accordance with SEC guidelines, attributable to reserves subject to
Dollar-Denominated Production Payments which, based on the estimates of production and price assumptions included in determining the discounted future net revenues specified in (a)(i) above, would be necessary to fully satisfy the payment
obligations of such Person and its Subsidiaries with respect to Dollar-Denominated Production Payments (determined, if applicable, using the schedules specified with respect thereto). 

If the Issuer changes its method of accounting from the full cost method of accounting to the successful efforts or a similar method,
“Adjusted Consolidated Net Tangible Assets” will continue to be calculated as if the Issuer were still using the full cost method of accounting. 

“Affiliate” of any specified Person means any other Person, directly or indirectly, controlling or controlled by or
under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any Person means the power to direct the management and policies of such Person, directly or
indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing; provided that beneficial ownership of 10%
or more of the Voting Stock of a Person shall be deemed to be control. 
 “Affiliate Transaction” has the
meaning provided in Section 4.11. 
 “Agent” means any Registrar, Paying Agent or co-Registrar.

 “Applicable Premium” means, with respect to any Note on any applicable Redemption Date, the greater of:

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

 

 -3- 

 (2) the excess, if any, of: 

(a) the present value at such Redemption Date of (i) the Redemption Price of such Note at October 1, 2015 (such
Redemption Price being set forth in the table appearing in Section 3.3) plus (ii) all required interest payments (excluding accrued and unpaid interest to such Redemption Date) due on such Note through October 1, 2015, computed using
a discount rate equal to the Treasury Rate as of such Redemption Date plus 50 basis points; over 
 (b) the
principal amount of such Note. 
 “Applicable Procedures” means, with respect to any transfer or exchange of or
for beneficial interests in any Global Note, the rules and procedures of the Depository, Euroclear and/or Clearstream that apply to such transfer or exchange. 

“ASC” means the Financial Accounting Standards Board’s Accounting Standards Codification. 

“Asset Disposition” means any direct or indirect sale, lease (other than an operating lease entered into in the ordinary
course of the Oil and Gas Business), transfer, issuance or other disposition, or a series of related sales, leases, transfers, issuances or dispositions that are part of a common plan, of (A) shares of Capital Stock of a Restricted Subsidiary
(other than directors’ qualifying shares or shares required by applicable law to be held by a Person other than the Issuer or a Restricted Subsidiary), (B) all or substantially all the assets of any division or line of business of the
Issuer or any Restricted Subsidiary, or (C) any other assets of the Issuer or any Restricted Subsidiary outside of the ordinary course of business of the Issuer or such Restricted Subsidiary (each referred to for the purposes of this definition
as a “disposition”), in each case by the Issuer or any of its Restricted Subsidiaries, including any disposition by means of a merger, consolidation or similar transaction. 

Notwithstanding the preceding, the following items shall not be deemed to be Asset Dispositions: 

(1) a disposition by a Restricted Subsidiary to the Issuer or by the Issuer or a Restricted Subsidiary to a Wholly-Owned
Subsidiary; 
 (2) the sale of Cash Equivalents in the ordinary course of business; 

(3) a disposition of Hydrocarbons or mineral products inventory in the ordinary course of business; 

(4) a disposition of damaged, unserviceable, obsolete or worn out equipment or equipment that is no longer necessary for
the proper conduct of the business of the Issuer and its Restricted Subsidiaries and that is disposed of in each case in the ordinary course of business; 

(5) transactions in accordance with Section 5.1; 

(6) an issuance of Capital Stock by a Restricted Subsidiary to the Issuer or to a Wholly-Owned Subsidiary; 

 

 -4- 

 (7) for purposes of Section 4.16 only, the making of a Permitted
Investment or a Restricted Payment (or a disposition that would constitute a Restricted Payment but for the exclusions from the definition thereof) permitted in Section 4.10; 

(8) an Asset Swap; 

(9) dispositions of assets with a Fair Market Value of less than $5.0 million; 

(10) Permitted Liens; 

(11) dispositions of receivables in connection with the compromise, settlement or collection thereof in the ordinary
course of business or in bankruptcy or similar proceedings and exclusive of factoring or similar arrangements; 

(12) the licensing or sublicensing of intellectual property or other general intangibles and licenses, leases or subleases
of other property in the ordinary course of business which do not materially interfere with the business of the Issuer and its Restricted Subsidiaries; 

(13) foreclosure on assets; 

(14) any Production Payments and Reserve Sales; provided that any such Production Payments and Reserve Sales, other
than incentive compensation programs on terms that are reasonably customary in the Oil and Gas Business for geologists, geophysicists and other providers of technical services to the Issuer or a Restricted Subsidiary, shall have been created,
Incurred, issued, assumed or Guaranteed in connection with the financing of, and within 60 days after the acquisition of, the property that is subject thereto; 

(15) a disposition of oil and natural gas properties in connection with tax credit transactions complying with
Section 29 or any successor or analogous provisions of the Code; 
 (16) surrender or waiver of contract
rights, oil and gas leases, or the settlement, release or surrender of contract, tort or other claims of any kind; 

(17) the abandonment, farmout, lease or sublease of developed or undeveloped oil and gas properties in the ordinary course
of business; and 
 (18) the sale or transfer (whether or not in the ordinary course of business) of any oil and
gas property or interest therein to which no proved reserves are attributable at the time of such sale or transfer. 

“Asset Disposition Offer” has the meaning set forth in Section 4.16. 

“Asset Disposition Offer Amount” has the meaning set forth in Section 4.16. 

“Asset Disposition Offer Period” has the meaning set forth in Section 4.16. 

“Asset Disposition Purchase Date” has the meaning set forth in Section 4.16. 

“Asset Swap” means any concurrent purchase and sale or exchange of any oil or natural gas property
or CO2 property used in the Oil and Gas Business, an interest
therein or equity interest in an entity that owns only such property between the Issuer or any of its Restricted Subsidiaries and another Person; provided that any cash received must be applied in accordance with Section 4.16 as if the
Asset Swap were an Asset Disposition. 
  

 -5- 

 “Authenticating Agent” has the meaning provided in Section 2.2.

 “Authentication Order” has the meaning provided in Section 2.2. 

“Average Life” means, as of the date of determination, with respect to any Indebtedness or Preferred Stock, the quotient
obtained by dividing (1) the sum of the products of the numbers of years from the date of determination to the dates of each successive scheduled principal payment of such Indebtedness or redemption or similar payment with respect to such
Preferred Stock multiplied by the amount of such payment by (2) the sum of all such payments. 
 “Bankruptcy
Law” means Title 11, U.S. Code or any similar Federal, state or foreign law for the relief of debtors. 

“Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except
that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Exchange Act), such “person” will be deemed to have beneficial ownership of all securities that such
“person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only after the passage of time. The terms “Beneficially Owns” and
“Beneficially Owned” have a corresponding meaning. 
 “Board of Directors” means, as to any
Person that is a corporation, the board of directors of such Person or any duly authorized committee thereof or as to any Person that is not a corporation, the board of managers or such other individual or group serving a similar function.

 “Board Resolution” means, with respect to any Person, a copy of a resolution certified by the Secretary or
an Assistant Secretary of such Person to have been duly adopted by the Board of Directors of such Person and to be in full force and effect on the date of such certification, and delivered to the Trustee. 

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

“Business Day” means each day that is not a Saturday, Sunday or other day on which commercial banking institutions in
New York, New York, Minneapolis, Minnesota or Dallas/Fort Worth, Texas are authorized or required by law to close. 

“Capital Stock” of any Person means any and all shares, interests, rights to purchase, warrants, options, participations
or other equivalents of or interests in (however designated) equity of such Person, including any Preferred Stock, but excluding any debt securities convertible into such equity. 

“Capitalized Lease Obligations” means an obligation that is required to be classified and accounted for as a capitalized
lease for financial reporting purposes in accordance with GAAP, and the amount of Indebtedness represented by such obligation will be the capitalized amount of such obligation at the time any determination thereof is to be made as determined in
accordance with GAAP, and the Stated Maturity thereof will be the date of the last payment of rent or any other amount due under such lease prior to the first date such lease may be terminated without penalty. 

“Cash Equivalents” means: 

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

 

 -6- 

 (2) marketable general obligations issued by any state of the United States
of America or any political subdivision of any such state or any public instrumentality thereof maturing within one year from the date of acquisition (provided that the full faith and credit of the United States is pledged in support thereof)
and, at the time of acquisition, having a credit rating of “A” (or the equivalent thereof) or better from either S&P or Moody’s; 

(3) certificates of deposit, time deposits, Eurodollar time deposits, overnight bank deposits or bankers’ acceptances
having maturities of not more than one year from the date of acquisition thereof issued by any commercial bank the long-term debt of which is rated at the time of acquisition thereof at least “A” or the equivalent thereof by S&P, or
“a2” or the equivalent thereof by Moody’s, and having combined capital and surplus in excess of $500.0 million; 

(4) repurchase obligations with a term of not more than seven days for underlying securities of the types described in
clauses (1), (2) and (3) entered into with any bank meeting the qualifications specified in clause (3) above; 

(5) commercial paper rated at the time of acquisition thereof at least “A-2” or the equivalent thereof by
S&P or “P-2” or the equivalent thereof by Moody’s, or carrying an equivalent rating by a nationally recognized rating agency, if both of the two named rating agencies cease publishing ratings of investments, and in any case
maturing within one year after the date of acquisition thereof; and 
 (6) interests in any investment company or
money market fund which invests 95% or more of its assets in instruments of the type specified in clauses (1) through (5) above. 

“Change of Control” means: 

(1) any “person” or “group” of related persons (as such terms are used in Sections 13(d) and 14(d) of
the Exchange Act), other than Parent or one or more Permitted Holders, is or becomes the Beneficial Owner, directly or indirectly, of more than 50% of the total voting power of the Voting Stock of the Issuer (or its successor by merger,
consolidation or purchase of all or substantially all of its assets) (for the purposes of this clause (1), such person or group shall be deemed to Beneficially Own any Voting Stock of the Issuer held by a parent entity, if such person or group
Beneficially Owns, directly or indirectly, more than 50% of the total voting power of the Voting Stock of such parent entity); 

(2) the first day on which a majority of the members of the Board of Directors of the Issuer are not Continuing Directors;

 (3) the sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation),
in one or a series of related transactions, of all or substantially all of the assets of the Issuer and its Restricted Subsidiaries taken as a whole to any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act)
other than a Permitted Holder or a Person controlled by a Permitted Holder; 
  

 -7- 

 (4) the adoption by the stockholders of the Issuer of a plan or proposal for
the liquidation or dissolution of the Issuer; or 
 (5) the first day on which Parent ceases to own 100% of the
outstanding Capital Stock of the Issuer (after having acquired such Capital Stock). 
 “Change of Control
Offer” has the meaning provided in Section 4.15. 
 “Change of Control Payment” has the meaning
provided in Section 4.15. 
 “Change of Control Payment Date” has the meaning provided in
Section 4.15. 
 “Clearstream” means Clearstream Banking, Société Anonyme. 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Commodity Agreements” means, in respect of any Person, any forward contract, commodity swap agreement, commodity option
agreement or other similar agreement or arrangement in respect of Hydrocarbons used, produced, processed or sold by such Person that is customary in the Oil and Gas Business and designed to protect such Person against fluctuation in Hydrocarbon
prices. 
 “Common Stock” means with respect to any Person, any and all shares, interests or other
participations in, and other equivalents (however designated and whether voting or nonvoting) of such Person’s common stock, whether or not outstanding on the Issue Date, and includes, without limitation, all series and classes of such common
stock. 
 “Consolidated Coverage Ratio” means as of any date of determination, the ratio of (x) the
aggregate amount of Consolidated EBITDA of such Person for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which financial statements are in existence to (y) Consolidated
Interest Expense for such four fiscal quarters, provided, however, that: 
 (1) if the Issuer or any
Restricted Subsidiary: 
 (a) has Incurred any Indebtedness since the beginning of such period that remains
outstanding on such date of determination or if the transaction giving rise to the need to calculate the Consolidated Coverage Ratio is an Incurrence of Indebtedness, Consolidated EBITDA and Consolidated Interest Expense for such period will be
calculated after giving effect on a pro forma basis to such Indebtedness and the use of proceeds thereof as if such Indebtedness had been Incurred on the first day of such period and such proceeds had been applied as of such date (except that in
making such computation, the amount of Indebtedness under any revolving credit facility outstanding on the date of such calculation will be deemed to be (i) the average daily balance of such Indebtedness during such four fiscal quarters or such
shorter period for which such facility was outstanding or (ii) if such facility was created after the end of such four fiscal quarters, the average daily balance of such Indebtedness during the period from the date of creation of such facility
to the date of such calculation, in each case, provided that such average daily balance shall take into account any repayment of Indebtedness under such facility as provided in clause (b)); or 

(b) has repaid, repurchased, defeased or otherwise discharged any Indebtedness since the beginning of the period,
including with the proceeds of such new Indebtedness, 
  

 -8- 

 
that is no longer outstanding on such date of determination or if the transaction giving rise to the need to calculate the Consolidated Coverage Ratio involves a discharge of Indebtedness (in
each case other than Indebtedness Incurred under any revolving credit facility unless such Indebtedness has been permanently repaid and the related commitment terminated), Consolidated EBITDA and Consolidated Interest Expense for such period will be
calculated after giving effect on a pro forma basis to such discharge of such Indebtedness as if such discharge had occurred on the first day of such period; 

(2) if, since the beginning of such period, the Issuer or any Restricted Subsidiary will have made any Asset Disposition
or if the transaction giving rise to the need to calculate the Consolidated Coverage Ratio is such an Asset Disposition, the Consolidated EBITDA for such period will be reduced by an amount equal to the Consolidated EBITDA (if positive) directly
attributable to the assets which are the subject of such Asset Disposition for such period or increased by an amount equal to the Consolidated EBITDA (if negative) directly attributable thereto for such period and Consolidated Interest Expense for
such period shall be reduced by an amount equal to the Consolidated Interest Expense directly attributable to any Indebtedness of the Issuer or any Restricted Subsidiary repaid, repurchased, defeased or otherwise discharged with respect to the
Issuer and its continuing Restricted Subsidiaries in connection with or with the proceeds from such Asset Disposition for such period (or, if the Capital Stock of any Restricted Subsidiary is sold, the Consolidated Interest Expense for such period
directly attributable to the Indebtedness of such Restricted Subsidiary to the extent the Issuer and its continuing Restricted Subsidiaries are no longer liable for such Indebtedness after such sale); 

(3) if since the beginning of such period the Issuer or any Restricted Subsidiary (by merger or otherwise) will have made
an Investment in any Restricted Subsidiary (or any Person which becomes a Restricted Subsidiary or is merged with or into the Issuer or a Restricted Subsidiary) or an acquisition (or will have received a contribution) of assets, including any
acquisition or contribution of assets occurring in connection with a transaction causing a calculation to be made hereunder, which constitutes, all or substantially all of a company, division, operating unit, segment, business, group of related
assets or line of business, Consolidated EBITDA and Consolidated Interest Expense for such period will be calculated after giving pro forma effect thereto (including the Incurrence of any Indebtedness) as if such Investment or acquisition or
contribution had occurred on the first day of such period; and 
 (4) if since the beginning of such period any
Person (that subsequently became a Restricted Subsidiary or was merged with or into the Issuer or any Restricted Subsidiary since the beginning of such period) made any Asset Disposition or any Investment or acquisition of assets that would have
required an adjustment pursuant to clause (2) or (3) above if made by the Issuer or a Restricted Subsidiary during such period, Consolidated EBITDA and Consolidated Interest Expense for such period will be calculated after giving pro forma
effect thereto as if such Asset Disposition or Investment or acquisition of assets had occurred on the first day of such period. 

For purposes of this definition, whenever pro forma effect is to be given to any calculation under this definition, the pro forma
calculations will be determined in good faith by a responsible financial or accounting Officer of the Issuer (including pro forma expense and cost reductions calculated on a basis consistent with Regulation S-X under the Securities Act). If any
Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest expense on such Indebtedness will be calculated as if the average rate in effect from the beginning of such period to the date of determination had been
the applicable rate for the entire period (taking into account any Interest Rate Agreement applicable to such Indebtedness, but if the remaining term of such Interest Rate Agreement is less than 12 months,

  

 -9- 

 
then such Interest Rate Agreement shall only be taken into account for that portion of the period equal to the remaining term thereof). If any Indebtedness that is being given pro forma effect
bears an interest rate at the option of the Issuer, the interest rate shall be calculated by applying such optional rate chosen by the Issuer. Interest on Indebtedness that may optionally be determined at an interest rate based upon a factor of a
prime or similar rate, a eurocurrency interbank offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based upon such optional rate chosen as the Issuer may designate. 

“Consolidated EBITDA” for any period means, without duplication, the Consolidated Net Income for such period, plus the
following, without duplication and to the extent deducted (and not added back) in calculating such Consolidated Net Income: 

(1) Consolidated Interest Expense; 

(2) Consolidated Income Taxes of the Issuer and its Restricted Subsidiaries; 

(3) consolidated depletion and depreciation expense of the Issuer and its Restricted Subsidiaries; 

(4) consolidated amortization expense or impairment charges of the Issuer and its Restricted Subsidiaries recorded in
connection with the application of Statement of Financial Accounting Standard No. 142—ASC Topic 350 Intangibles—Goodwill and Other, and Statement of Financial Accounting Standard No. 144—ASC Topic 360 Property,
Plant & Equipment; 
 (5) other non-cash charges of the Issuer and its Restricted Subsidiaries
(excluding any such non-cash charge to the extent it represents an accrual of or reserve for cash charges in any future period or amortization of a prepaid cash expense that was paid in a prior period not included in the calculation); and

 (6) consolidated exploration expense of the Issuer and its Restricted Subsidiaries, 

if applicable for such period; and less, to the extent included in calculating such Consolidated Net Income and in excess of any costs or expenses
attributable thereto that were deducted (and not added back) in calculating such Consolidated Net Income, the sum of (x) the amount of deferred revenues that are amortized during such period and are attributable to reserves that are subject to
Volumetric Production Payments, (y) amounts recorded in accordance with GAAP as repayments of principal and interest pursuant to Dollar-Denominated Production Payments and (z) other non-cash gains (excluding any non-cash gain to the extent
it represents the reversal of an accrual or reserve for a potential cash item that reduced Consolidated EBITDA in any prior period). 

Notwithstanding the preceding sentence, clauses (2) through (6) relating to amounts of a Restricted Subsidiary of a Person will
be added to Consolidated Net Income to compute Consolidated EBITDA of such Person only to the extent (and in the same proportion) that the net income (loss) of such Restricted Subsidiary was included in calculating the Consolidated Net Income of
such Person and, to the extent the amounts set forth in clauses (2) through (6) are in excess of those necessary to offset a net loss of such Restricted Subsidiary or if such Restricted Subsidiary has net income for such period included in
Consolidated Net Income, only if a corresponding amount would be permitted at the date of determination to be dividended to the Issuer by such Restricted Subsidiary without prior approval (that has not been obtained), pursuant to the terms of its
charter and all agreements, instruments, judgments, decrees, orders, statutes, rules and governmental regulations applicable to that Restricted Subsidiary or its stockholders. 

 

 -10- 

 “Consolidated Income Taxes” means, with respect to any Person for any
period, taxes imposed upon such Person or other payments required to be made by such Person by any governmental authority which taxes or other payments are calculated by reference to the income, profits or capital of such Person or such Person and
its Restricted Subsidiaries (to the extent such income or profits were included in computing Consolidated Net Income for such period), regardless of whether such taxes or payments are required to be remitted to any governmental authority.

 “Consolidated Interest Expense” means, for any period, the total consolidated interest expense of the Issuer
and its Restricted Subsidiaries, whether paid or accrued, plus, to the extent not included in such interest expense and without duplication: 

(1) interest expense attributable to Capitalized Lease Obligations and the interest component of any deferred payment
obligations; 
 (2) amortization of debt discount and debt issuance cost (provided that any amortization
of bond premium will be credited to reduce Consolidated Interest Expense unless, pursuant to GAAP, such amortization of bond premium has otherwise reduced Consolidated Interest Expense); 

(3) non-cash interest expense; 

(4) commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance
financing; 
 (5) the interest expense on Indebtedness of another Person that is Guaranteed by the Issuer or one
of its Restricted Subsidiaries or secured by a Lien on assets of the Issuer or one of its Restricted Subsidiaries; 

(6) costs associated with Interest Rate Agreements (including amortization of fees); provided, however, that
if Interest Rate Agreements result in net benefits rather than costs, such benefits shall be credited to reduce Consolidated Interest Expense unless, pursuant to GAAP, such net benefits are otherwise reflected in Consolidated Net Income; 

(7) the consolidated interest expense of such Person and its Restricted Subsidiaries that was capitalized during such
period; 
 (8) all dividends paid or payable in cash, Cash Equivalents or Indebtedness or accrued during such
period on any series of Disqualified Stock of the Issuer or on Preferred Stock of its Restricted Subsidiaries payable to a party other than the Issuer or a Wholly-Owned Subsidiary; and 

(9) the cash contributions to any employee stock ownership plan or similar trust to the extent such contributions are used
by such plan or trust to pay interest or fees to any Person (other than the Issuer) in connection with Indebtedness Incurred by such plan or trust; 

minus, to the extent included above, write-off of deferred financing costs (and interest) attributable to Dollar-Denominated Production Payments.

 For the purpose of calculating the Consolidated Coverage Ratio in connection with the Incurrence of any Indebtedness
described in the final paragraph of the definition of “Indebtedness,” the calculation of Consolidated Interest Expense shall include all interest expense (including any amounts described in clauses (1) through (9) above) relating
to any Indebtedness of the Issuer or any Restricted Subsidiary described in the final paragraph of the definition of “Indebtedness.” 
  

 -11- 

 “Consolidated Net Income” means, for any period, the aggregate net income
(loss) (excluding non-controlling interests) of the Issuer and its consolidated Subsidiaries determined in accordance with GAAP and before any reduction in respect of preferred stock dividends of such Person; provided, however, that there
will not be included in such Consolidated Net Income: 
 (1) any net income (loss) of any Person (other than the
Issuer) if such Person is not a Restricted Subsidiary, except that: 
 (a) subject to the limitations contained
in clauses (3), (4) and (5) below, the Issuer’s equity in the net income of any such Person for such period will be included in such Consolidated Net Income up to the aggregate amount of cash actually distributed by such Person during
such period to the Issuer or a Restricted Subsidiary as a dividend or other distribution (subject, in the case of a dividend or other distribution to a Restricted Subsidiary, to the limitations contained in clause (2) below); and 

(b) the Issuer’s equity in a net loss of any such Person for such period will be included in determining such
Consolidated Net Income to the extent such loss has been funded with cash from the Issuer or a Restricted Subsidiary during such period; 

(2) any net income (but not loss) of any Restricted Subsidiary if such Subsidiary is subject to restrictions, directly or
indirectly, on the payment of dividends or the making of distributions by such Restricted Subsidiary, directly or indirectly, to the Issuer, except that: 

(a) subject to the limitations contained in clauses (3), (4) and (5) below, the Issuer’s equity in the net
income of any such Restricted Subsidiary for such period will be included in such Consolidated Net Income up to the aggregate amount of cash that could have been distributed by such Restricted Subsidiary during such period to the Issuer or another
Restricted Subsidiary as a dividend or other distribution (subject, in the case of a dividend or other distribution paid to another Restricted Subsidiary, to the limitation contained in this clause); and 

(b) the Issuer’s equity in a net loss of any such Restricted Subsidiary for such period will be included in
determining such Consolidated Net Income; 
 (3) any gain (loss) realized upon the sale or other disposition of
any property, plant or equipment of the Issuer or its consolidated Subsidiaries (including pursuant to any Sale/Leaseback Transaction) which is not sold or otherwise disposed of in the ordinary course of business and any gain (loss) realized upon
the sale or other disposition of any Capital Stock of any Person; 
 (4) any extraordinary or nonrecurring gains
or losses, together with any related provision for taxes on such gains or losses and all related fees and expenses; 

(5) the cumulative effect of a change in accounting principles; 

(6) any asset impairment writedowns on Oil and Gas Properties under GAAP or SEC guidelines; 

 

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 (7) any unrealized non-cash gains or losses or charges in respect of Hedging
Obligations (including those resulting from the application of Statement of Financial Accounting Standard No. 133—ASC Topic 815 Derivatives and Hedging); 

(8) income or loss attributable to discontinued operations (including, without limitation, operations disposed of during
such period whether or not such operations were classified as discontinued); and 
 (9) any non-cash compensation
charge arising from any grant of stock, stock options or other equity-based awards (other than non-cash compensation charges associated with the Phantom Stock Plan), provided that the proceeds resulting from any such grant will be excluded
from Section 4.10(c)(ii). 
 Consolidated Net Income will be reduced by the amount of Permitted Payments to Parent paid
during such period to the extent that the related taxes have not reduced Consolidated Net Income by at least such amount. 

“Continuing Directors” means, as of any date of determination, any member of the Board of Directors of the Issuer who:
(1) was a member of such Board of Directors on the date of this Indenture; or (2) was nominated for election or elected to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such Board
of Directors at the time of such nomination or election. 
 “Corporate Trust Office” means the office of the
Trustee at which at any particular time its corporate trust business shall be principally administered, which office at the date of execution of this Indenture is located at 1445 Ross Avenue, 2nd Floor, Dallas, Texas 75202, Attention: Corporate
Trust Group or at any other time at such other address as the Trustee may designate from time to time by notice to the Holders and the Issuer, or the principal corporate trust office of any successor Trustee (or such other address as such successor
Trustee may designate from time to time by notice to the Holders and the Issuer). 
 “Covenant Defeasance” has
the meaning set forth in Section 8.1. 
 “Credit Facility” means, with respect to the Issuer or any
Subsidiary Guarantor, one or more debt facilities (including, without limitation, the Senior Secured Credit Agreement), indentures or commercial paper facilities providing for revolving credit loans, term loans, receivables financing (including
through the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables) or letters of credit, in each case, as amended, restated, modified, renewed, refunded, replaced or refinanced
in whole or in part from time to time (and whether or not with the original administrative agent and lenders or another administrative agent or agents or other lenders and whether provided under the original Senior Secured Credit Agreement or any
other credit or other agreement or indenture). 
 “Currency Agreement” means in respect of a Person any foreign
exchange contract, currency swap agreement, futures contract, option contract or other similar agreement as to which such Person is a party or a beneficiary. 

“Custodian” means any receiver, trustee, assignee, liquidator, sequestrator or similar official under any Bankruptcy
Law. 
  

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 “Default” means any event which is, or after notice or passage of time or
both would be, an Event of Default. 
 “Default Interest Payment Date” has the meaning provided in
Section 2.12. 
 “Definitive Note” means a certificated Note registered in the name of the Holder thereof
and issued in accordance with Section 2.6(c) hereof, substantially in the form of Exhibit A hereto, except that such Note shall not bear the Global Note Legend. 

“Depository” or “DTC” means The Depository Trust Company, its nominees and successors. 

“Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person which by its terms (or by the
terms of any security into which it is convertible or for which it is exchangeable) at the option of the holder of the Capital Stock or upon the happening of any event: 

(1) matures or is mandatorily redeemable (other than redeemable only for Capital Stock of such Person which is not itself
Disqualified Stock) pursuant to a sinking fund obligation or otherwise; 
 (2) is convertible or exchangeable for
Indebtedness or Disqualified Stock (excluding Capital Stock which is convertible or exchangeable solely at the option of the Issuer or a Restricted Subsidiary); or 

(3) is redeemable at the option of the holder of the Capital Stock in whole or in part, 

in each case on or prior to the date that is 91 days after the earlier of the date (a) of the Stated Maturity of the Notes or (b) on which
there are no Notes outstanding; provided that only the portion of Capital Stock which so matures or is mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the option of the holder thereof prior to such date will
be deemed to be Disqualified Stock; provided, further, that any Capital Stock that would constitute Disqualified Stock solely because the holders thereof have the right to require the Issuer to repurchase such Capital Stock upon the
occurrence of a change of control or asset sale (each defined in a substantially identical manner to the corresponding definitions in this Indenture) shall not constitute Disqualified Stock if the terms of such Capital Stock (and all such securities
into which it is convertible or for which it is ratable or exchangeable) provide that (i) the Issuer may not repurchase or redeem any such Capital Stock (and all such securities into which it is convertible or for which it is ratable or
exchangeable) pursuant to such provision prior to compliance by the Issuer with the provisions of this Indenture described under Section 4.15 and Section 4.16 and (ii) such repurchase or redemption will be permitted solely to the
extent also permitted in accordance with the provisions of this Indenture described under Section 4.10. 
 The amount of
any Disqualified Stock that does not have a fixed redemption, repayment or repurchase price will be calculated in accordance with the terms of such Disqualified Stock as if such Disqualified Stock were redeemed, repaid or repurchased on any date on
which the amount of such Disqualified Stock is to be determined pursuant to this Indenture; provided, however, that if such Disqualified Stock could not be required to be redeemed, repaid or repurchased at the time of such
determination, the redemption, repayment or repurchase price will be the book value of such Disqualified Stock as reflected in the most recent financial statements of such Person. 

 

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 “Dollar-Denominated Production Payments” means production payment
obligations recorded as liabilities in accordance with GAAP, together with all undertakings and obligations in connection therewith. 

“Equity Offering” means (i) a public offering for cash by the Issuer of Capital Stock (other than Disqualified
Stock) made pursuant to a registration statement, other than public offerings registered on Form S-4 or S-8, and (ii) a private offering for cash by the Issuer of its Capital Stock (other than Disqualified Stock); except that prior to the first
underwritten public offering of the Issuer’s Common Stock, such private offering may only be made to non-Affiliates. 

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

“Event of Default” has the meaning provided in Section 6.1. 

“Excess Proceeds” has the meaning set forth in Section 4.16. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC
promulgated thereunder. 
 “Exchange Notes” means the Notes issued in the Exchange Offer pursuant to
Section 2.6(f) hereof. 
 “Exchange Offer” has the meaning set forth in the Registration Rights Agreement.

 “Exchange Offer Registration Statement” has the meaning set forth in the Registration Rights Agreement.

 “Existing Senior Notes” means the Issuer’s $325.0 million
8 1/2% Senior Notes due 2015 and $325.0 million
8 7/8% Senior Notes due 2017.

 “Existing Senior Notes Indentures” means, collectively, the indentures governing the Existing
Senior Notes, among the Issuer and certain of its subsidiaries party thereto and the trustees named therein from time to time, as amended, restated, supplemented or otherwise modified from time to time in accordance with the requirements thereof.

 “Fair Market Value” means, with respect to any asset or property, the sale value that would be obtained in
an arm’s-length transaction between an informed and willing seller under no compulsion to sell and an informed and willing buyer under no compulsion to buy. 

“Foreign Subsidiary” means any Restricted Subsidiary that is not organized under the laws of the United States of
America or any state thereof or the District of Columbia. 
 “GAAP” means generally accepted accounting
principles in the United States of America as in effect from time to time. All ratios and computations based on GAAP contained in this Indenture will be computed in conformity with GAAP. At any time after the Issue Date, the Issuer may elect to
apply IFRS accounting principles in lieu of GAAP and, upon any such election, references herein to GAAP shall thereafter be construed to mean IFRS (except as otherwise provided in this Indenture); provided that any such election, once made,
shall be irrevocable, unless otherwise required by the SEC; provided, further, that any calculation or determination in this Indenture that requires the application of GAAP for periods that include fiscal quarters ended prior to the
Issuer’s election to apply IFRS shall remain as previously calculated or determined in accordance with GAAP. The Issuer shall give notice of any such election made in accordance with this definition to the Trustee and the Holders of the Notes.

  

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 “Global Note” has the meaning provided in Section 2.1. 

“Global Note Legend” means the legend set forth in Section 2.15(a)(ii) hereof, which is required to be placed on
all Global Notes issued under this Indenture. 
 “Guarantee” means any obligation, contingent or otherwise, of
any Person directly or indirectly guaranteeing any Indebtedness of any other Person and any obligation, direct or indirect, contingent or otherwise, of such Person: 

(1) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness of such other Person
(whether arising by virtue of partnership arrangements, or by agreement to keep-well, to purchase assets, goods, securities or services, to take-or-pay, or to maintain financial statement conditions or otherwise); or 

(2) entered into for purposes of assuring in any other manner the obligee of such Indebtedness of the payment thereof or
to protect such obligee against loss in respect thereof (in whole or in part); 
 provided, however, that the term “Guarantee”
will not include endorsements for collection or deposit in the ordinary course of business or any obligation to the extent it is payable only in Capital Stock of the Guarantor that is not Disqualified Stock. The term “Guarantee”
used as a verb has a corresponding meaning. 
 “Guarantor Subordinated Obligation” means, with respect to a
Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) which is expressly subordinate in right of payment to the obligations of such Subsidiary Guarantor under its
Subsidiary Guarantee pursuant to a written agreement. 
 “Hedging Obligations” of any Person means the
obligations of such Person pursuant to any Interest Rate Agreement, Currency Agreement or Commodity Agreement. 

“Holder” means a Person in whose name a Note is registered on the registrar’s books. 

“Hydrocarbons” means oil, natural gas, casing head gas, drip gasoline, natural gasoline, condensate, distillate, liquid
hydrocarbons, gaseous hydrocarbons and all constituents, elements or compounds thereof and products refined or processed therefrom. 

“IFRS” means the International Financial Reporting Standards as adopted by the International Accounting Standards Board.

 “Immaterial Subsidiary” means, as of any date, any Restricted Subsidiary whose total assets, as of that
date, are less than $1,000,000 and whose total revenues for the most recent 12-month period do not exceed $1,000,000; provided that a Restricted Subsidiary will not be considered to be an Immaterial Subsidiary if it, directly or indirectly,
Guarantees or otherwise provides direct credit support for any Indebtedness of the Issuer. 
 “Incur” means
issue, create, assume, Guarantee, incur or otherwise become directly or indirectly liable for, contingently or otherwise; provided, however, that any Indebtedness or Capital Stock 

 

 -16- 

 
of a Person existing at the time such Person becomes a Restricted Subsidiary (whether by merger, consolidation, acquisition or otherwise) will be deemed to be Incurred by such Restricted
Subsidiary at the time it becomes a Restricted Subsidiary; and the terms “Incurred” and “Incurrence” have meanings correlative to the foregoing. 

“Indebtedness” means, with respect to any Person on any date of determination (without duplication, whether or not
contingent): 
 (1) the principal of and premium (if any) in respect of indebtedness of such Person for borrowed
money; 
 (2) the principal of and premium (if any) in respect of obligations of such Person evidenced by bonds,
debentures, notes or other similar instruments; 
 (3) the principal component of all obligations of such Person
in respect of letters of credit, bankers’ acceptances or other similar instruments (including reimbursement obligations with respect thereto except to the extent such reimbursement obligation relates to a trade payable, to the extent such
letters of credit are not drawn upon or, if and to the extent drawn upon, such obligation is satisfied within 30 days of payment on the letter of credit); 

(4) the principal component of all obligations of such Person (other than obligations payable solely in Capital Stock that
is not Disqualified Stock) to pay the deferred and unpaid purchase price of property (except accrued expenses and trade payables and other accrued liabilities arising in the ordinary course of business that are not overdue by 90 days or more or are
being contested in good faith by appropriate proceedings promptly instituted and diligently conducted), which purchase price is due more than six months after the date of placing such property in service or taking delivery and title thereto to the
extent such obligations would appear as liabilities upon the consolidated balance sheet of such Person in accordance with GAAP; 

(5) Capitalized Lease Obligations of such Person to the extent such Capitalized Lease Obligations would appear as
liabilities on the consolidated balance sheet of such Person in accordance with GAAP; 
 (6) the principal
component or liquidation preference of all obligations of such Person with respect to the redemption, repayment or other repurchase of any Disqualified Stock or, with respect to any Subsidiary that is not a Subsidiary Guarantor, any Preferred Stock
(but excluding, in each case, any accrued dividends); 
 (7) the principal component of all Indebtedness of other
Persons secured by a Lien on any asset of such Person, whether or not such Indebtedness is assumed by such Person; provided, however, that the amount of such Indebtedness will be the lesser of (a) the Fair Market Value of such
asset at such date of determination (as determined in the good faith by the Board of Directors) and (b) the amount of such Indebtedness of such other Persons; 

(8) the principal component of Indebtedness of other Persons to the extent Guaranteed by such Person; and 

(9) to the extent not otherwise included in this definition, net obligations of such Person under Commodity Agreements,
Currency Agreements and Interest Rate Agreements (the amount of any such obligations to be equal at any time to the termination value of such agreement or arrangement giving rise to such obligation that would be payable by such Person at such time);

  

 -17- 

 provided, however, that any indebtedness which has been defeased in accordance with GAAP or defeased
pursuant to the deposit of cash or Cash Equivalents (in an amount sufficient to satisfy all such indebtedness obligations at maturity or redemption, as applicable, and all payments of interest and premium, if any) in a trust or account created or
pledged for the sole benefit of the holders of such indebtedness, and subject to no other Liens, shall not constitute “Indebtedness.” 

The amount of Indebtedness of any Person at any date will be the outstanding balance at such date of all unconditional obligations as
described above and the maximum liability, upon the occurrence of the contingency giving rise to the obligation, of any contingent obligations at such date. 

Notwithstanding the preceding, “Indebtedness” shall not include: 

(1) Production Payments and Reserve Sales; 

(2) any obligation of a Person in respect of a farm-in agreement or similar arrangement whereby such Person agrees to pay
all or a share of the drilling, completion or other expenses of an exploratory or development well (which agreement may be subject to a maximum payment obligation, after which expenses are shared in accordance with the working or participation
interest therein or in accordance with the agreement of the parties) or perform the drilling, completion or other operation on such well in exchange for an ownership interest in an oil or gas property; 

(3) any obligations under Currency Agreements, Commodity Agreements and Interest Rate Agreements; provided that
such Agreements are entered into for bona fide hedging purposes of the Issuer or its Restricted Subsidiaries (as determined in good faith by the Board of Directors or senior management of the Issuer, whether or not accounted for as a hedge in
accordance with GAAP) and, in the case of Currency Agreements or Commodity Agreements, such Currency Agreements or Commodity Agreements are related to business transactions of the Issuer or its Restricted Subsidiaries entered into in the ordinary
course of business and, in the case of Interest Rate Agreements, such Interest Rate Agreements substantially correspond in terms of notional amount, duration and interest rates, as applicable, to Indebtedness of the Issuer or its Restricted
Subsidiaries Incurred without violation of this Indenture; 
 (4) any obligation arising from agreements of the
Issuer or a Restricted Subsidiary providing for indemnification, Guarantees, adjustment of purchase price, holdbacks, contingency payment obligations or similar obligations (other than Guarantees of Indebtedness), in each case, Incurred or assumed
in connection with the acquisition or disposition of any business, assets or Capital Stock of a Restricted Subsidiary, provided that such Indebtedness is not reflected on the face of the balance sheet of the Issuer or any Restricted
Subsidiary; 
 (5) any obligation arising from the honoring by a bank or other financial institution of a check,
draft or similar instrument (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business; provided, however, that such Indebtedness is extinguished within five business days of
Incurrence; 
 (6) in-kind obligations relating to net oil or natural gas balancing positions arising in the
ordinary course of business; and 
 (7) all contracts and other obligations, agreements, instruments or
arrangements described in clauses (20), (21), (22), (29)(a) or (30) of the definition of “Permitted Liens.” 
  

 -18- 

 In addition, “Indebtedness” of any Person shall include Indebtedness described in
the first paragraph of this definition of “Indebtedness” that would not appear as a liability on the balance sheet of such Person if: 

(1) such Indebtedness is the obligation of a partnership or joint venture that is not a Restricted Subsidiary (a
“Joint Venture”); 
 (2) such Person or a Restricted Subsidiary of such Person is a general
partner of the Joint Venture or otherwise liable for all or a portion of the Joint Venture’s liabilities (a “General Partner”); and 

(3) there is recourse, by contract or operation of law, with respect to the payment of such Indebtedness to property or
assets of such Person or a Restricted Subsidiary of such Person; and then such Indebtedness shall be included in an amount not to exceed: 

(a) the lesser of (i) the net assets of the General Partner and (ii) the amount of such obligations to the
extent that there is recourse, by contract or operation of law, to the property or assets of such Person or a Restricted Subsidiary of such Person; or 

(b) if less than the amount determined pursuant to clause (a) immediately above, the actual amount of such
Indebtedness that is recourse to such Person or a Restricted Subsidiary of such Person, if the Indebtedness is evidenced by a writing and is for a determinable amount. 

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

 “Indirect Participant” means a Person who holds a beneficial interest in a Global Note through a
Participant. 
 “Initial Lien” has the meaning provided in Section 4.18. 

“Initial Purchasers” means J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, RBC Capital Markets
Corporation, UBS Securities LLC, Capital One Southcoast, Inc., Comerica Securities, Inc., Credit Agricole Securities (USA) Inc., Mitsubishi UFJ Securities (USA), Inc., Natixis Bleichroeder LLC, Scotia Capital (USA) Inc., SG Americas Securities, LLC,
U.S. Bancorp Investments, Inc., Wells Fargo Securities, LLC and Lloyds TSB Bank plc. 
 “interest” when used
with respect to any Note means the amount of all interest accruing on such Note, including any applicable defaulted interest pursuant to Section 2.12. 

“Interest Payment Date” means the stated maturity of an installment of interest on the Notes. 

“Interest Rate Agreement” means with respect to any Person any interest rate protection agreement, interest rate future
agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement or other similar agreement or arrangement as to which such Person is party or a
beneficiary. 
 “Investment” means, with respect to any Person, all investments by such Person in other Persons
(including Affiliates) in the form of any direct or indirect advance, loan or other extensions of 
  

 -19- 

 
credit (including by way of Guarantee or similar arrangement, but excluding any debt or extension of credit represented by a bank deposit other than a time deposit and advances or extensions of
credit to customers in the ordinary course of business) or capital contribution to (by means of any transfer of cash or other property to others or any payment for property or services for the account or use of others), or any purchase or
acquisition of Capital Stock, Indebtedness or other similar instruments (excluding any interest in a crude oil or natural gas leasehold to the extent constituting a security under applicable law) issued by, such other Person and all other items that
are or would be classified as investments on a balance sheet prepared in accordance with GAAP; provided that none of the following will be deemed to be an Investment: 

(1) Hedging Obligations entered into in the ordinary course of business and in compliance with this Indenture; 

(2) endorsements of negotiable instruments and documents in the ordinary course of business; and 

(3) an acquisition of assets, Capital Stock or other securities by the Issuer or a Subsidiary for consideration to the
extent such consideration consists of Common Stock of the Issuer. 
 The amount of any Investment shall not be adjusted for
increases or decreases in value, write-ups, write-downs or write-offs with respect to such Investment. 
 For purposes of the
definition of “Unrestricted Subsidiary” and Section 4.10, 
 (1) “Investment” will
include the portion (proportionate to the Issuer’s equity interest in a Restricted Subsidiary to be designated as an Unrestricted Subsidiary) of the Fair Market Value of the net assets of such Restricted Subsidiary at the time that such
Restricted Subsidiary is designated an Unrestricted Subsidiary; provided, however, that upon a redesignation of such Subsidiary as a Restricted Subsidiary, the Issuer will be deemed to continue to have a permanent
“Investment” in an Unrestricted Subsidiary in an amount (if positive) equal to (a) the Issuer’s “Investment” in such Subsidiary at the time of such redesignation less (b) the portion (proportionate to the
Issuer’s equity interest in such Subsidiary) of the Fair Market Value of the net assets of such Subsidiary (as conclusively determined by the Board of Directors of the Issuer in good faith) at the time that such Subsidiary is so redesignated a
Restricted Subsidiary; and 
 (2) any property transferred to or from an Unrestricted Subsidiary will be valued
at its Fair Market Value at the time of such transfer, in each case as determined in good faith by the Board of Directors of the Issuer. 

“Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or
the equivalent) by S&P (or the equivalent rating by any successor rating agency). 
 “Issue Date” means
September 16, 2010, the date of original issuance of the Notes. 
 “Issuer” has the meaning assigned to
such term in the introductory paragraph of this Indenture. 
 “Legal Defeasance” has the meaning set forth in
Section 8.1. 
 “Legal Holiday” has the meaning provided in Section 11.7. 

 

 -20- 

 “Letter of Transmittal” means the letter of transmittal prepared by the
Issuer and sent to all Holders of the Notes for use by such Holders in connection with the Exchange Offer. 

“Lien” means, with respect to any asset, any mortgage, lien (statutory or otherwise), pledge, hypothecation, charge,
security interest, preference, priority or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in
the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction; provided
that in no event shall an operating lease be deemed to constitute a Lien. 
 “Liquidated Damages” means all
liquidated damages then owing pursuant to the Registration Rights Agreement. 
 “Maturity Date” means
October 1, 2020. 
 “Minority Interest” means the percentage interest represented by any shares of any
class of Capital Stock of a Restricted Subsidiary that are not owned by the Issuer or a Restricted Subsidiary. 

“Moody’s” means Moody’s Investors Service, Inc. and its successors. 

“Net Available Cash” from an Asset Disposition means cash payments received (including any cash payments received by way
of deferred payment of principal pursuant to a note or installment receivable or otherwise and net proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other
consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to the properties or assets that are the subject of such Asset Disposition or received in any other non-cash form) therefrom, in
each case net of: 
 (1) all legal, accounting, investment banking, title and recording tax expenses, commissions
and other fees and expenses Incurred, and all federal, state, provincial, foreign and local taxes required to be paid or accrued as a liability under GAAP (after taking into account any available tax credits or deductions and any tax sharing
agreements), as a consequence of such Asset Disposition; 
 (2) all payments made on any Indebtedness which is
secured by any assets subject to such Asset Disposition, in accordance with the terms of any Lien upon such assets, or which must by its terms, or in order to obtain a necessary consent to such Asset Disposition, or by applicable law be repaid out
of the proceeds from such Asset Disposition; 
 (3) all distributions and other payments required to be made to
minority interest holders in Subsidiaries or joint ventures or to holders of royalty or similar interests as a result of such Asset Disposition; and 

(4) the deduction of appropriate amounts to be provided by the seller as a reserve, in accordance with GAAP, against any
liabilities associated with the assets disposed of in such Asset Disposition and retained by the Issuer or any Restricted Subsidiary after such Asset Disposition. 

“Net Cash Proceeds,” with respect to any issuance or sale of Capital Stock or any contribution to equity capital, means
the cash proceeds of such issuance, sale or contribution net of attorneys’ 
  

 -21- 

 
fees, accountants’ fees, underwriters’ or placement agents’ fees, listing fees, discounts or commissions and brokerage, consultant and other fees and charges actually Incurred in
connection with such issuance, sale or contribution and net of taxes paid or payable as a result of such issuance or sale (after taking into account any available tax credit or deductions and any tax sharing arrangements). 

“Net Working Capital” means (a) all current assets of the Issuer and its Restricted Subsidiaries except current
assets from commodity price risk management activities arising in the ordinary course of the Oil and Gas Business, less (b) all current liabilities of the Issuer and its Restricted Subsidiaries, except current liabilities included in
Indebtedness and any current liabilities from commodity price risk management activities arising in the ordinary course of the Oil and Gas Business, in each case as set forth in the consolidated financial statements of the Issuer prepared in
accordance with GAAP. 
 “Non-Recourse Debt” means Indebtedness of a Person: 

(1) as to which neither the Issuer nor any Restricted Subsidiary (a) provides any Guarantee or credit support of any
kind (including any undertaking, guarantee, indemnity, agreement or instrument that would constitute Indebtedness) or (b) is directly or indirectly liable (as a guarantor or otherwise); 

(2) no default with respect to which (including any rights that the holders thereof may have to take enforcement action
against an Unrestricted Subsidiary) would permit (upon notice, lapse of time or both) any holder of any other Indebtedness of the Issuer or any Restricted Subsidiary to declare a default under such other Indebtedness or cause the payment thereof to
be accelerated or payable prior to its stated maturity; and 
 (3) the explicit terms of which provide there is
no recourse against any of the assets of the Issuer or its Restricted Subsidiaries. 
 “Non-U.S. Person” means
a person who is not a U.S. person, as defined in Regulation S. 
 “Notes” has the meaning provided in the
preamble to this Indenture. 
 “Officer” means the Chairman of the Board, the Chief Executive Officer, the
President, the Chief Financial Officer, any Vice President, the Treasurer or the Secretary of the Issuer. Officer of any Subsidiary Guarantor has a correlative meaning. 

“Officers’ Certificate” means a certificate signed by two Officers of the Issuer. 

“Oil and Gas Business” means: (1) the business of acquiring, exploring, exploiting, developing,
producing, operating and disposing of interests in oil, natural gas, liquid natural gas and other hydrocarbon and mineral properties or products produced in association with any of the foregoing; (2) the business of gathering, marketing,
distributing, treating, processing, storing, refining, selling and transporting of any production from such interests or properties and products produced in association therewith and the marketing of oil, natural gas, other hydrocarbons and minerals
obtained from unrelated Persons; (3) any other related energy business, including power generation and electrical transmission business, directly or indirectly, from oil, natural gas and other hydrocarbons and minerals produced substantially
from properties in which the Issuer or its Restricted Subsidiaries, directly or indirectly, participates; (4) any business relating to oil field sales and service; and (5) any business or activity relating to, arising from, or necessary,
appropriate or incidental to the activities described in the foregoing clauses (1) through (4) of this definition (including, without limitation, the acquisition, development and operation of
CO2 producing properties, the acquisition or construction and
operation of CO2 pipelines and transportation or sales of CO
2, and the ownership and operation of ethanol plants, a
by-product of which is the production of CO2, as related to
the activities described in the foregoing clauses (1) through (2)). 
  

 -22- 

 “144A Global Note” means a Global Note substantially in the form of
Exhibit A hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depository or its nominee that will be issued in a denomination equal to the outstanding
principal amount of the Notes sold in reliance on Rule 144A. 
 “Opinion of Counsel” means a written opinion
from legal counsel who is acceptable to the Trustee. The counsel may be an employee of or counsel to the Issuer or the Trustee. 

“Parent” means any entity that acquires 100% of the outstanding Capital Stock of the Issuer in a transaction in which
the Beneficial Owners of the Issuer immediately prior to such transaction are Beneficial Owners in the same proportion of the Issuer immediately after such transaction. 

“Pari Passu Indebtedness” means Indebtedness that ranks equally in right of payment to the Notes, including the Existing
Senior Notes. 
 “Pari Passu Notes” has the meaning provided in Section 4.16. 

“Participant” means, with respect to the Depository, Euroclear or Clearstream, a Person who has an account with the
Depository, Euroclear or Clearstream, respectively (and, with respect to DTC, shall include Euroclear and Clearstream). 

“Paying Agent” has the meaning provided in Section 2.3. 

“Permitted Business Investment” means any Investment made in the ordinary course of, and of a nature that is or shall
have become customary in, the Oil and Gas Business including investments or expenditures for actively exploiting, exploring for, acquiring, developing, producing, processing, gathering, marketing or transporting oil, natural gas or other
hydrocarbons and minerals through agreements, transactions, interests or arrangements which permit one to share risks or costs, comply with regulatory requirements regarding local ownership or satisfy other objectives customarily achieved through
the conduct of the Oil and Gas Business jointly with third parties, including: 
 (1) ownership interests in oil,
natural gas, other hydrocarbons and minerals properties, liquid natural gas facilities, processing facilities, gathering systems, pipelines, storage facilities or related systems or ancillary real property interests; 

(2) Investments in the form of or pursuant to operating agreements, working interests, royalty interests, mineral leases,
processing agreements, farm-in agreements, farm-out agreements, contracts for the sale, transportation or exchange of oil, natural gas, other hydrocarbons and minerals, production sharing agreements, participation agreements, development agreements,
area of mutual interest agreements, unitization agreements, pooling agreements, joint bidding agreements, service contracts, joint venture agreements, partnership agreements (whether general or limited), subscription agreements, stock purchase
agreements, stockholder agreements and other similar agreements (including for limited liability companies) with third parties (including Unrestricted Subsidiaries); and 

(3) direct or indirect ownership interests in drilling rigs and related equipment, including, without limitation,
transportation equipment. 
  

 -23- 

 “Permitted Holders” means: 

(1) Mark A. Fischer, Charles A. Fischer, Jr., Fischer Investments, L.L.C., Mark A. Fischer 1994 Trust and Susan L. Fischer
1994 Trust; 
 (2) any immediate family member (in the case of an individual) of any Person referred to in clause
(1); 
 (3) CCMP Capital Investors II (AV-2), L.P., CCMP Energy I LTD. and CCMP Capital Investors (Cayman) II,
L.P. and their Affiliates that are not operating portfolio companies; or 
 (4) any trust, corporation,
partnership or other entity, the beneficiaries, stockholders, partners, owners or Persons Beneficially Owning a 50% or more controlling interest of which consist of any one or more Persons referred to in clause (1), (2) or (3). 

“Permitted Investment” means an Investment by the Issuer or any Restricted Subsidiary in: 

(1) the Issuer, a Restricted Subsidiary or a Person which will, upon the making of such Investment, become a Restricted
Subsidiary; provided, however, that the primary business of such Restricted Subsidiary is the Oil and Gas Business; 

(2) another Person whose primary business is the Oil and Gas Business if as a result of such Investment such other Person
becomes a Restricted Subsidiary or is merged or consolidated with or into, or transfers or conveys all or substantially all its assets to, the Issuer or a Restricted Subsidiary and, in each case, any Investment held by such Person; provided
that such Investment was not acquired by such Person in contemplation of such acquisition, merger, consolidation or transfer; 

(3) cash and Cash Equivalents; 

(4) receivables owing to the Issuer or any Restricted Subsidiary created or acquired in the ordinary course of business
and payable or dischargeable in accordance with customary trade terms; provided, however, that such trade terms may include such concessionary trade terms as the Issuer or any such Restricted Subsidiary deems reasonable under the
circumstances; 
 (5) payroll, commission, travel, relocation and similar advances to cover matters that are
expected at the time of such advances ultimately to be treated as expenses for accounting purposes and that are made in the ordinary course of business; 

(6) loans or advances to employees made in the ordinary course of business consistent with past practices of the Issuer or
such Restricted Subsidiary; 
 (7) Capital Stock, obligations or securities received in settlement of debts
created in the ordinary course of business and owing to the Issuer or any Restricted Subsidiary or in satisfaction of judgments; 

(8) Investments made as a result of the receipt of non-cash consideration from an Asset Disposition that was made pursuant
to and in compliance with Section 4.16; 
  

 -24- 

 (9) Investments in existence on the Issue Date; 

(10) Commodity Agreements, Currency Agreements, Interest Rate Agreements and related Hedging Obligations, which
transactions or obligations are Incurred in compliance with Section 4.12; 
 (11) Guarantees issued in
accordance with Section 4.12; 
 (12) any Asset Swap or acquisition of Additional Assets made in accordance
with Section 4.16; 
 (13) Investments in Oklahoma Ethanol L.L.C., Chaparral Biofuels,
L.L.C. or any other Unrestricted Subsidiary the primary business of which is the acquisition, development and operation of
CO2 producing properties, the acquisition or construction and
operation of CO2 pipelines and transportation or sales of CO
2 and the ownership and operation of ethanol plants, a
by-product of which is the production of CO2, having an
aggregate Fair Market Value, taken together with all other Investments made pursuant to this clause (13) that are at the time outstanding, not to exceed $35.0 million (with the Fair Market Value of such Investment being measured at the time
such Investment is made and without giving effect to subsequent changes in value); 
 (14) Permitted Business
Investments; 
 (15) any Person where such Investment was acquired by the Issuer or any of its Restricted
Subsidiaries (a) in exchange for any other Investment or accounts receivable held by the Issuer or any such Restricted Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization or recapitalization of the issuer of
such other Investment or accounts receivable or (b) as a result of a foreclosure by the Issuer or any of its Restricted Subsidiaries with respect to any secured Investment or other transfer of title with respect to any secured Investment in
default; 
 (16) any Person to the extent such Investments consist of prepaid expenses, negotiable instruments
held for collection and lease, utility and workers’ compensation, performance and other similar deposits made in the ordinary course of business by the Issuer or any Restricted Subsidiary; 

(17) Guarantees of performance or other obligations (other than Indebtedness) arising in the ordinary course in the Oil
and Gas Business, including obligations under oil and natural gas exploration, development, joint operating, and related agreements and licenses or concessions related to the Oil and Gas Business; 

(18) acquisitions of assets, Equity Interests or other securities by the Issuer for consideration consisting of common
equity securities of the Issuer; 
 (19) Investments in the Existing Senior Notes and the Notes; and 

(20) Investments by the Issuer or any of its Restricted Subsidiaries, together with all other Investments pursuant to this
clause (20), in an aggregate amount at the time of such Investment not to exceed $30.0 million outstanding at any one time (with the Fair Market Value of such Investment being measured at the time such Investment is made and without giving effect to
subsequent changes in value). 
  

 -25- 

 “Permitted Liens” means, with respect to any Person: 

(1) Liens securing Indebtedness and other obligations under, and related Hedging Obligations and Liens on assets of
Restricted Subsidiaries securing Guarantees of Indebtedness and other obligations of the Issuer under, any Credit Facility permitted to be Incurred under this Indenture under the provisions described in clause (1) of the second paragraph of
Section 4.12; 
 (2) pledges or deposits by such Person under workmen’s compensation laws, unemployment
insurance laws, social security or old age pension laws or similar legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such Person is a party, or deposits
(which may be secured by a Lien) to secure public or statutory obligations of such Person including letters of credit and bank guarantees required or requested by the United States, any State thereof or any foreign government or any subdivision,
department, agency, organization or instrumentality of any of the foregoing in connection with any contract or statute (including lessee or operator obligations under statutes, governmental regulations, contracts or instruments related to the
ownership, exploration and production of oil, natural gas, other hydrocarbons and minerals on State, Federal or foreign lands or waters), or deposits of cash or United States government bonds to secure indemnity performance, surety or appeal bonds
or other similar bonds to which such Person is a party, or deposits as security for contested taxes or import or customs duties or for the payment of rent, in each case Incurred in the ordinary course of business; 

(3) statutory and contractual Liens of landlords and Liens imposed by law, including carriers’, warehousemen’s,
mechanics’, materialmen’s and repairmen’s Liens, in each case for sums not yet due or being contested in good faith by appropriate proceedings if a reserve or other appropriate provisions, if any, as shall be required by GAAP shall
have been made in respect thereof; 
 (4) Liens for taxes, assessments or other governmental charges or claims
not yet subject to penalties for non-payment or which are being contested in good faith by appropriate proceedings; provided that appropriate reserves, if any, required pursuant to GAAP have been made in respect thereof; 

(5) Liens in favor of issuers of surety or performance bonds or letters of credit or bankers’ acceptances issued
pursuant to the request of and for the account of such Person in the ordinary course of its business; provided, however, that such letters of credit do not constitute Indebtedness; 

(6) survey exceptions, encumbrances, ground leases, easements or reservations of, or rights of others for, licenses,
rights of way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning, building codes or other restrictions (including, without limitation, minor defects or irregularities in title and similar encumbrances) as to
the use of real properties or Liens incidental to the conduct of the business of such Person or to the ownership of its properties which do not in the aggregate materially adversely affect the value of the assets of such Person and its Restricted
Subsidiaries, taken as a whole, or materially impair their use in the operation of the business of such Person; 

(7) Liens securing Hedging Obligations (excluding Hedging Obligations entered into for speculative purposes) so long as
the related Indebtedness is, and is permitted to be under this Indenture, secured by a Lien on the same property securing such Hedging Obligation; 
  

 -26- 

 (8) leases, licenses, subleases and sublicenses of assets (including,
without limitation, real property and intellectual property rights) which do not materially interfere with the ordinary conduct of the business of the Issuer or any of its Restricted Subsidiaries; 

(9) prejudgment Liens and judgment Liens not giving rise to an Event of Default so long as such Lien is adequately bonded
and any appropriate legal proceedings which may have been duly initiated for the review of such judgment have not been finally terminated or the period within which such proceedings may be initiated has not expired; 

(10) Liens for the purpose of securing the payment of all or a part of the purchase price of, or Capitalized Lease
Obligations, purchase money obligations or other payments Incurred to finance the acquisition, lease, improvement or construction of or repairs or additions to, assets or property acquired or constructed in the ordinary course of business;
provided that; 
 (a) the aggregate principal amount of Indebtedness secured by such Liens is otherwise
permitted to be Incurred under this Indenture; and 
 (b) such Liens are created within 180 days of the later of
the acquisition, lease, completion of improvements, construction, repairs or additions or commencement of full operation of the assets or property subject to such Lien and do not encumber any other assets or property of the Issuer or any Restricted
Subsidiary other than such assets or property and assets affixed or appurtenant thereto; 
 (11) Liens arising
solely by virtue of any statutory or common law provisions relating to banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with a depositary institution; provided that:

 (a) such deposit account is not a dedicated cash collateral account and is not subject to restrictions against
access by the Issuer in excess of those set forth by regulations promulgated by the Federal Reserve Board; and 

(b) such deposit account is not intended by the Issuer or any Restricted Subsidiary to provide collateral to the
depository institution; 
 (12) Liens arising from Uniform Commercial Code financing statement filings regarding
operating leases entered into by the Issuer and its Restricted Subsidiaries in the ordinary course of business; 

(13) Liens existing on the Issue Date; 

(14) Liens on property or shares of Capital Stock of a Person at the time such Person becomes a Subsidiary;
provided, however, that such Liens are not created, Incurred or assumed in connection with, or in contemplation of, such other Person becoming a Subsidiary; provided further, however, that any such Lien may not extend to
any other property owned by the Issuer or any Restricted Subsidiary (other than assets or property affixed or appurtenant thereto); 

(15) Liens on property at the time the Issuer or any of its Subsidiaries acquired the property, including any acquisition
by means of a merger or consolidation with or into the Issuer or any of its Subsidiaries; provided, however, that such Liens are not created, Incurred or assumed in connection with, or in contemplation of, such acquisition; provided
further, however, that such Liens may not extend to any other property owned by the Issuer or any Restricted Subsidiary (other than assets or property affixed or appurtenant thereto); 

 

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 (16) Liens securing Indebtedness or other obligations of a Subsidiary owing
to the Issuer or a Wholly-Owned Subsidiary; 
 (17) Liens securing the Notes, Subsidiary Guarantees and other
obligations under this Indenture; 
 (18) Liens securing Refinancing Indebtedness Incurred to refinance
Indebtedness that was previously so secured, provided that any such Lien is limited to all or part of the same property or assets (plus improvements, accessions, proceeds or dividends or distributions in respect thereof) that secured (or,
under the written arrangements under which the original Lien arose, could secure) the Indebtedness being refinanced or is in respect of property or assets that is the security for a Permitted Lien hereunder; 

(19) any interest or title of a lessor under any Capitalized Lease Obligation or operating lease; 

(20) Liens in respect of Production Payments and Reserve Sales, which Liens shall be limited to the property that is the
subject of such Production Payments and Reserve Sales; 
 (21) Liens arising under farm-out agreements, farm-in
agreements, division orders, contracts for the sale, purchase, exchange, transportation, gathering or processing of Hydrocarbons, unitizations and pooling designations, declarations, orders and agreements, development agreements, joint venture
agreements, partnership agreements, operating agreements, royalties, working interests, net profits interests, joint interest billing arrangements, participation agreements, production sales contracts, area of mutual interest agreements, gas
balancing or deferred production agreements, injection, repressuring and recycling agreements, salt water or other disposal agreements, seismic or geophysical permits or agreements, and other agreements which are customary in the Oil and Gas
Business; 
 (22) Liens on pipelines or pipeline facilities that arise by operation of law; 

(23) Liens securing Indebtedness (other than Subordinated Obligations and Guarantor Subordinated Obligations) in an
aggregate principal amount outstanding at any one time, added together with all other Indebtedness secured by Liens Incurred pursuant to this clause (23), not to exceed $35.0 million; 

(24) Liens in favor of the Issuer or any Subsidiary Guarantor; 

(25) deposits made in the ordinary course of business to secure liability to insurance carriers; 

(26) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in
connection with the importation of goods in the ordinary course of business; 
 (27) Liens deemed to exist in
connection with Investments in repurchase agreements permitted in Section 4.12; provided that such Liens do not extend to any assets other than those that are the subject of such repurchase agreement; 

 

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 (28) Liens encumbering reasonable customary initial deposits and margin
deposits and similar Liens attaching to commodity trading accounts or other brokerage accounts incurred in the ordinary course of business and not for speculative purposes; 

(29) any (a) interest or title of a lessor or sublessor under any lease, liens reserved in oil, gas or other
Hydrocarbons, minerals, leases for bonus, royalty or rental payments and for compliance with the terms of such leases; (b) restriction or encumbrance that the interest or title of such lessor or sublessor may be subject to (including, without
limitation, ground leases or other prior leases of the demised premises, mortgages, mechanics’ liens, tax liens, and easements); or (c) subordination of the interest of the lessee or sublessee under such lease to any restrictions or
encumbrance referred to in the preceding clause (b); 
 (30) Liens (other than Liens securing Indebtedness) on,
or related to, assets to secure all or part of the costs incurred in the ordinary course of the Oil and Gas Business for the exploration, drilling, development, production, processing, transportation, marketing, storage or operation thereof;

 (31) Liens upon specific items of inventory or other goods and proceeds of any Person securing such
Person’s obligations in respect of bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods; 

(32) Liens arising under this Indenture in favor of the Trustee for its own benefit and similar Liens in favor of other
trustees, agents and representatives arising under instruments governing Indebtedness permitted to be incurred under this Indenture, provided, however, that such Liens are solely for the benefit of the trustees, agents or
representatives in their capacities as such and not for the benefit of the holders of such Indebtedness; 
 (33)
Liens arising from the deposit of funds or securities in trust for the purpose of decreasing or defeasing Indebtedness so long as such deposit of funds or securities and such decreasing or defeasing of Indebtedness are permitted under
Section 4.10; 
 (34) Liens in favor of collecting or payer banks having a right of setoff, revocation, or
charge back with respect to money or instruments of the Issuer or any Subsidiary of the Issuer on deposit with or in possession of such bank; and 

(35) Liens on the Capital Stock of an Unrestricted Subsidiary held by the Issuer or its Restricted Subsidiaries in favor
of any lender to such Unrestricted Subsidiary. 
 In each case set forth above, notwithstanding any stated limitation on the
assets that may be subject to such Lien, a Permitted Lien on a specified asset or group or type of assets may include Liens on all improvements, additions and accessions thereto and all products and proceeds thereof (including dividends,
distributions and increases in respect thereof). 
 “Permitted Payments to Parent” means, for so long as the
Issuer is a member of a group filing a consolidated or combined tax return with the Parent, payments to the Parent in respect of an allocable portion of the tax liabilities of such group that is attributable to the Issuer and its Subsidiaries
(“Tax Payments”). The Tax Payments shall not exceed the lesser of (a) the amount of the relevant tax (including any penalties and interest) that the Issuer would owe if the Issuer were filing a separate tax return (or a
separate consolidated or combined return with its Subsidiaries that are members of the consolidated or combined group), taking into account any carryovers and carrybacks of tax attributes (such as net operating

  

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losses) of the Issuer and such Subsidiaries from other taxable years and (b) the net amount of the relevant tax that the Parent actually owes to the appropriate taxing authority. Any Tax
Payments received from the Issuer shall be paid over to the appropriate taxing authority within 30 days of the Parent’s receipt of such Tax Payments or refunded to the Issuer. 

“Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust,
unincorporated organization, limited liability company, government or any agency or political subdivision hereof or any other entity. 

“Phantom Stock Plan” means the Issuer’s Second Amended and Restated Phantom Stock Plan, dated as of
December 31, 2008, as in effect on the Issue Date, as it may be amended or modified from time to time. 

“Preferred Stock,” as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes
(however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such
corporation. 
 “principal” of any Indebtedness (including the Notes) means the principal amount of such
Indebtedness. 
 “Private Placement Legend” means the legend initially set forth on the Notes in the form set
forth in Section 2.15(a)(i). 
 “pro forma” means, with respect to any calculation made or required to be
made pursuant to the terms of this Indenture, a calculation in accordance with Article 11 of Regulation S-X under the Securities Act, as determined by the Board of Directors of the Issuer in consultation with its independent public accountants.

 “Production Payments and Reserve Sales” means the grant or transfer by the Issuer or a Restricted Subsidiary
to any Person of a royalty, overriding royalty, net profits interest, production payment (whether volumetric or dollar denominated), partnership or other interest in oil and gas properties, reserves or the right to receive all or a portion of the
production or the proceeds from the sale of production attributable to such properties where the holder of such interest has recourse solely to such production or proceeds of production, subject to the obligation of the grantor or transferor to
operate and maintain, or cause the subject interests to be operated and maintained, in a reasonably prudent manner or other customary standard or subject to the obligation of the grantor or transferor to indemnify for environmental, title or other
matters customary in the Oil and Gas Business, including any such grants or transfers pursuant to incentive compensation programs on terms that are reasonably customary in the Oil and Gas Business for geologists, geophysicists or other providers of
technical services to the Issuer or a Restricted Subsidiary. 
 “Property” means, with respect to any Person,
any interests of such Person in any kind of property or asset, whether real, personal or mixed, or tangible or intangible, including, without limitation, Capital Stock, partnership interests and other equity or ownership interests in any other
Person. 
 “Qualified Capital Stock” means any Capital Stock that is not Disqualified Stock. 

“Qualified Institutional Buyer” or “QIB” shall have the meaning specified in Rule 144A. 

“Record Date” means the Record Dates specified in the Notes. 

 

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 “Redemption Date,” when used with respect to any Note to be redeemed, means
the date fixed for such redemption pursuant to this Indenture and the Notes. 
 “Redemption Price,” when used
with respect to any Note to be redeemed, means the price fixed for such redemption, including principal and premium, if any, pursuant to this Indenture and the Notes. 

“Refinancing Indebtedness” means Indebtedness that is Incurred to refund, refinance, replace, exchange, renew, repay,
extend, prepay, redeem or retire (including pursuant to any defeasance or discharge mechanism) (collectively, “refinance,” “refinances” and “refinanced” shall have correlative meanings) any
Indebtedness (including Indebtedness of the Issuer that refinances Indebtedness of any Restricted Subsidiary and Indebtedness of any Restricted Subsidiary that refinances Indebtedness of another Restricted Subsidiary, but excluding Indebtedness of a
Subsidiary that is not a Restricted Subsidiary that refinances Indebtedness of the Issuer or a Restricted Subsidiary), including Indebtedness that refinances Refinancing Indebtedness, provided, however, that: 

(1) (a) if the Stated Maturity of the Indebtedness being Refinanced is earlier than the Stated Maturity of the Notes, the
Refinancing Indebtedness has a Stated Maturity no earlier than the Stated Maturity of the Indebtedness being refinanced or (b) if the Stated Maturity of the Indebtedness being refinanced is later than the Stated Maturity of the Notes, the
Refinancing Indebtedness has a Stated Maturity at least 91 days later than the Stated Maturity of the Notes; 

(2) the Refinancing Indebtedness has an Average Life at the time such Refinancing Indebtedness is Incurred that is equal
to or greater than the Average Life of the Indebtedness being refinanced; 
 (3) such Refinancing Indebtedness is
Incurred in an aggregate principal amount (or if issued with original issue discount, an aggregate issue price) that is equal to or less than the sum of the aggregate principal amount (or if issued with original issue discount, the aggregate
accreted value) then outstanding of the Indebtedness being refinanced (plus, without duplication, any additional Indebtedness Incurred to pay interest, premiums or defeasance costs required by the instruments governing such existing Indebtedness and
fees and expenses Incurred in connection therewith); and 
 (4) if the Indebtedness being Refinanced is
subordinated in right of payment to the Notes or the Subsidiary Guarantee, such Refinancing Indebtedness is subordinated in right of payment to the Notes or the Subsidiary Guarantee on terms at least as favorable to the Holders as those contained in
the documentation governing the Indebtedness being Refinanced. 
 For the avoidance of doubt, Refinancing Indebtedness shall not
include Indebtedness Incurred under a Credit Facility pursuant to clause (1) of the second paragraph of Section 4.12. 

“Registrar” has the meaning provided in Section 2.3. 

“Registration Rights Agreement” means that certain registration rights agreement relating to the Notes, dated as of the
date hereof by and among the Issuer, the Subsidiary Guarantors and the initial purchasers set forth therein. 

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

 

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 “Regulation S Global Note” means a Regulation S Temporary Global Note or
Regulation S Permanent Global Note, as applicable. 
 “Regulation S Permanent Global Note” means a permanent
Global Note in the form of Exhibit A hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of and registered in the name of the Depository or its nominee, issued in a denomination equal to the
outstanding principal amount of the Regulation S Temporary Global Note upon expiration of the Restricted Period. 

“Regulation S Temporary Global Note” means a temporary Global Note in the form of Exhibit A hereto bearing the
Global Note Legend, the Private Placement Legend and the Regulation S Temporary Global Note Legend and deposited with or on behalf of and registered in the name of the Depository or its nominee, issued in a denomination equal to the outstanding
principal amount of the Notes initially sold in reliance on Rule 903. 
 “Regulation S Temporary Global Note
Legend” means the legend set forth in Section 2.15(a)(iii) hereof. 
 “Related Person” of any
Person means any other Person directly or indirectly owning 10% or more of the outstanding voting Common Stock of such Person (or, in the case of a Person that is not a corporation, 10% or more of the equity interest in such Person). 

“Restricted Definitive Note” means a Definitive Note bearing the Private Placement Legend. 

“Restricted Global Note” means a Global Note bearing the Private Placement Legend. 

“Restricted Investment” means any Investment other than a Permitted Investment. 

“Restricted Payment” has the meaning set forth in Section 4.10. 

“Restricted Period” means the 40-day distribution compliance period as defined in Regulation S. 

“Restricted Subsidiary” means any Subsidiary of the Issuer other than an Unrestricted Subsidiary. 

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

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

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

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

“S&P” means Standard and Poor’s Ratings Group. 

“Sale/Leaseback Transaction” means an arrangement relating to property now owned or hereafter acquired whereby the
Issuer or a Restricted Subsidiary transfers such property to a Person and the Issuer or a Restricted Subsidiary leases it from such Person. 
  

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 “SEC” means the United States Securities and Exchange Commission.

 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of the SEC
promulgated thereunder. 
 “Senior Secured Credit Agreement” means the Eighth Restated Credit Agreement dated
as of April 12, 2010 among the Issuer, as parent and guarantor, the Subsidiaries of the Issuer parties thereto as borrowers, JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders parties thereto from time to time, including any
guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings or refinancings thereof and any indentures or credit
facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement,
refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted in Section 4.12). 

“Shelf Registration Statement” means the Shelf Registration Statement as defined in the Registration Rights Agreement.

 “Significant Subsidiary” means any Restricted Subsidiary that would be a “Significant Subsidiary”
of the Issuer within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC, as in effect on the Issue Date. 

“Stated Maturity” means, with respect to any security, the date specified in such security as the fixed date on which
the payment of principal of such security is due and payable, including pursuant to any mandatory redemption provision, but shall not include any contingent obligations to repay, redeem or repurchase any such principal prior to the date originally
scheduled for the payment thereof. 
 “Subordinated Obligation” means any Indebtedness of the Issuer or a
Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) that is subordinate or junior in right of payment to the Notes pursuant to a written agreement. 

“Subsidiary” of any Person means (a) any corporation, association or other business entity (other than a
partnership, joint venture, limited liability company or similar entity) of which more than 50% of the total ordinary voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of
directors, managers or trustees thereof (or Persons performing similar functions) or (b) any partnership, joint venture, limited liability company or similar entity of which more than 50% of the capital accounts, distribution rights, total
equity and voting interests or general or limited partnership interests, as applicable, is, in the case of clauses (a) and (b), at the time owned or controlled, directly or indirectly, by (1) such Person, (2) such Person and one or
more Subsidiaries of such Person or (3) one or more Subsidiaries of such Person. Unless otherwise specified herein, each reference to a Subsidiary (other than in this definition) will refer to a Subsidiary of the Issuer. 

“Subsidiary Guarantee” means, individually, any Guarantee of payment of the Notes and exchange notes issued in a
registered exchange offer pursuant to the Registration Rights Agreement by a Subsidiary Guarantor pursuant to the terms of this Indenture and any supplemental indenture thereto, and, collectively, all such Guarantees. Each such Subsidiary Guarantee
will be in the form prescribed by this Indenture. 
 “Subsidiary Guarantor” means Chaparral
Real Estate, L.L.C., Chaparral Resources, L.L.C., Chaparral
CO2, L.L.C., NorAm Petroleum, L.L.C., Chaparral Energy,
L.L.C., CEI Acquisition, 
  

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L.L.C., CEI Pipeline, L.L.C., Green Country Supply, Inc., Chaparral Exploration, L.L.C. and Roadrunner Drilling, L.L.C., and any Restricted Subsidiary created or acquired by the Issuer after the
Issue Date (other than a Foreign Subsidiary) that Incurs any Indebtedness. 
 “TIA” means the Trust Indenture
Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb), as in effect on the date of this Indenture; provided that in the event the Trust Indenture Act of 1939 is amended after such date, “TIA” means, to the extent required by any such
amendment, the Trust Indenture Act of 1939 as so amended. 
 “Treasury Rate” means, as of any Redemption Date,
the yield to maturity at the time of computation of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) which has become publicly available at
least two Business Days prior to the Redemption Date (or, if such Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the Redemption Date to October 1, 2015;
provided, however, that if the period from the Redemption Date to October 1, 2015 is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be
obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the Redemption Date to
October 1, 2015 is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used. The Issuer shall (1) calculate the Treasury Rate as of the
second Business Day preceding the applicable Redemption Date and (2) prior to such Redemption Date file with the Trustee an Officers’ Certificate setting forth the Applicable Premium and the Treasury Rate and showing the calculation in
reasonable detail. 
 “Trust Officer” means any officer within the Corporate Trust Office including any Vice
President, Managing Director, Director, Assistant Vice President, Associate, or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and also, with respect to a
particular matter, any other officer to whom such matter is referred because of such officer’s knowledge and familiarity with the particular subject, or in the case of a successor trustee, an officer assigned to the department, division or
group performing the corporation trust work of such successor and assigned to administer this Indenture. 

“Trustee” means the party named as such in this Indenture until a successor replaces it in accordance with the
provisions of this Indenture and thereafter means such successor. 
 “Unrestricted Subsidiary” means:

 (1) any Subsidiary of the Issuer that at the time of determination shall be designated an Unrestricted
Subsidiary by the Board of Directors of the Issuer in the manner provided below; and 
 (2) any Subsidiary of an
Unrestricted Subsidiary. 
 The Board of Directors of the Issuer may designate any Subsidiary of the Issuer (including any newly
acquired or newly formed Subsidiary or a Person becoming a Subsidiary through merger or consolidation or Investment therein) to be an Unrestricted Subsidiary only if: 

(1) such Subsidiary or any of its Subsidiaries does not own any Capital Stock or Indebtedness of or have any Investment
in, or own or hold any Lien on any property of, any other Subsidiary of the Issuer which is not a Subsidiary of the Subsidiary to be so designated or otherwise an Unrestricted Subsidiary; 

 

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 (2) all the Indebtedness of such Subsidiary and its Subsidiaries shall, at
the date of designation, and will at all times thereafter, consist of Non-Recourse Debt; 
 (3) on the date of
such designation, such designation and the Investment of the Issuer in such Subsidiary complies with Section 4.10; 

(4) such Subsidiary is a Person with respect to which neither the Issuer nor any of its Restricted Subsidiaries has any
direct or indirect obligation: 
 (a) to subscribe for additional Capital Stock of such Person; or 

(b) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified levels
of operating results; and 
 (5) on the date such Subsidiary is designated an Unrestricted Subsidiary, such
Subsidiary is not a party to any agreement, contract, arrangement or understanding with the Issuer or any Restricted Subsidiary with terms substantially less favorable to the Issuer than those that might have been obtained from Persons who are not
Affiliates of the Issuer. 
 In addition, without further designation, Chaparral Biofuels, L.L.C. and Oklahoma Ethanol L.L.C.
will be Unrestricted Subsidiaries. 
 Any such designation by the Board of Directors of the Issuer shall be evidenced to the
Trustee by filing with the Trustee a resolution of the Board of Directors of the Issuer giving effect to such designation and an Officers’ Certificate certifying that such designation complies with the foregoing conditions. If, at any time, any
Unrestricted Subsidiary would fail to meet the foregoing requirements as an Unrestricted Subsidiary, it shall thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture and any Indebtedness of such Subsidiary shall be deemed to
be Incurred as of such date. 
 The Board of Directors of the Issuer may designate any Unrestricted Subsidiary to be a
Restricted Subsidiary; provided that immediately after giving effect to such designation, no Default or Event of Default shall have occurred and be continuing or would occur as a consequence thereof and the Issuer could Incur at least $1.00
of additional Indebtedness under the first paragraph of Section 4.12 on a pro forma basis taking into account such designation. 

“U.S. Government Obligations” means securities that are (a) direct obligations of the United States of America for
the timely payment of which its full faith and credit is pledged or (b) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America the timely payment of which is
unconditionally guaranteed as a full faith and credit obligation of the United States of America, which, in either case, are not callable or redeemable at the option of the issuer thereof, and shall also include a depositary receipt issued by a bank
(as defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such U.S. Government Obligations or a specific payment of principal of or interest on any such U.S. Government Obligations held by such custodian for the
account of the holder of such depositary receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by
the custodian in respect of the U.S. Government Obligations or the specific payment of principal of or interest on the U.S. Government Obligations evidenced by such depositary receipt. 

 

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 “U.S. Legal Tender” means such coin or currency of the United States of
America as at the time of payment shall be legal tender for the payment of public and private debts. 
 “Unrestricted
Definitive Note” means one or more Definitive Notes that do not bear and are not required to bear the Private Placement Legend. 

“Unrestricted Global Note” means a permanent Global Note, substantially in the form of Exhibit A attached hereto,
that bears the Global Note Legend and that is deposited with or on behalf of and registered in the name of the Depository, representing Notes that do not bear the Private Placement Legend. 

“Volumetric Production Payments” means production payment obligations recorded as deferred revenue in accordance with
GAAP, together with all undertakings and obligations in connection therewith. 
 “Voting Stock” of an entity
means all classes of Capital Stock of such entity then outstanding and normally entitled to vote in the election of members of such entity’s Board of Directors. 

“Wholly-Owned Subsidiary” means a Restricted Subsidiary, all of the Capital Stock of which (other than directors’
qualifying shares) is owned by the Issuer or another Wholly-Owned Subsidiary. 
 SECTION 1.2.
Incorporation by Reference of TIA. 
 Whenever this Indenture refers to a provision of the TIA, such
provision is incorporated by reference in, and made a part of, this Indenture. The following TIA terms used in this Indenture have the following meanings: 

“indenture securities” means the Notes; 

“indenture security holder” means a Holder; 

“indenture to be qualified” means this Indenture; 

“indenture trustee” or “institutional trustee” means the Trustee; 

“obligor” on the Indenture securities means the Issuer and the Guarantors or any other obligor on the Notes and the
Subsidiary Guarantees. 
 All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to
another statute or defined by SEC rule and not otherwise defined herein have the meanings assigned to them therein. 
 SECTION
1.3. Rules of Construction. 
 Unless the context otherwise requires: 

(1) a term has the meaning assigned to it; 

(2) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

 

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 (3) “or” is not exclusive; 

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

(5) “herein,” “hereof” and other words of similar import refer to this Indenture as a whole and not to
any particular Article, Section or other subdivision; and 
 (6) any reference to a statute, law or regulation
means that statute, law or regulation as amended and in effect from time to time and includes any successor statute, law or regulation; provided, however, that any reference to the Bankruptcy Law shall mean the Bankruptcy Law as
applicable to the relevant case. 
 ARTICLE II. 

THE NOTES 

SECTION 2.1. Form and Dating. 

(a) General. The Notes and the Trustee’s certificate of authentication relating thereto shall be substantially in the form of
Exhibit A hereto. The Notes may have notations, legends or endorsements required by law, stock exchange rule or depository rule or usage. The Issuer shall approve the form of the Notes and any notation, legend or endorsement on them. Each
Note shall be dated the date of its issuance and shall show the date of its authentication. 
 The terms and provisions
contained in the Notes, a form of which is annexed hereto as Exhibit A, shall constitute, and are hereby expressly made, a part of this Indenture and, to the extent applicable, the Issuer, the Guarantors and the Trustee, by their execution
and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. 
 (b) Global
Notes. Notes issued in global form shall be substantially in the form of Exhibit A (the “Global Note”) attached hereto (including the Global Note Legend thereon). Notes issued in definitive form shall be substantially in
the form of Exhibit A attached hereto (but without the Global Note Legend thereon). Each Global Note shall provide that it shall represent up to the aggregate principal amount of Notes from time to time endorsed thereon and that the aggregate
principal amount of outstanding Notes represented thereby may from time to time be reduced or increased, as applicable, to reflect exchanges and redemptions. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the
aggregate principal amount of outstanding Notes represented thereby shall be made by the Trustee or the Custodian, at the direction of the Trustee, in accordance with instructions given by the Holder thereof as required by Section 2.6 hereof.

 (c) Temporary Global Notes. Notes offered and sold in reliance on Regulation S shall be issued initially in the form
of the Regulation S Temporary Global Note, which shall be deposited on behalf of the purchasers of the Notes represented thereby with the Trustee, as custodian for the Depository, and registered in the name of the Depository or the nominee of the
Depository for the accounts of designated agents holding on behalf of Euroclear or Clearstream, duly executed by the Issuer and authenticated by the Trustee as hereinafter provided. The Restricted Period shall be terminated upon the receipt by the
Trustee of: 
 (i) a written certificate from the Depository, together with copies of certificates from Euroclear
and Clearstream certifying that they have received certification of non-United States beneficial ownership of 100% of the aggregate principal amount of the Regulation S Temporary Global Note (except to the extent of any beneficial owners thereof who
acquired an interest therein during the Restricted Period pursuant to another exemption from registration under the Securities Act and who shall take delivery of a beneficial ownership interest in a 144A Global Note bearing a Private Placement
Legend, all as contemplated by Section 2.6(b) hereof); and 
  

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 (ii) an Officer’s Certificate from the Issuer. 

Following the termination of the Restricted Period, beneficial interests in the Regulation S Temporary Global Note shall be exchanged for
beneficial interests in the Regulation S Permanent Global Note pursuant to the Applicable Procedures. Simultaneously with the authentication of the Regulation S Permanent Global Note, the Trustee shall cancel the Regulation S Temporary Global Note.
The aggregate principal amount of the Regulation S Temporary Global Note and the Regulation S Permanent Global Note may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depository or its nominee,
as the case may be, in connection with transfers of interest as hereinafter provided. 
 (d) Terms. The aggregate
principal amount of Notes that may be authenticated and delivered under this Indenture is unlimited. 
 The Notes shall be
subject to repurchase by the Issuer pursuant to a Change of Control Offer as provided in Section 4.15 hereof or an Asset Disposition Offer as provided under Section 4.16 hereof. The Notes shall not be redeemable, other than as provided in
Article III. 
 Additional Notes ranking pari passu with the Notes issued on the Issue Date may be created and issued
from time to time by the Issuer without notice to or consent of the Holders and shall be consolidated with and form a single class with the Notes issued on the Issue Date and shall have the same terms as to status, redemption or otherwise as the
Notes issued on the Issue Date; provided that the Issuer’s ability to issue Additional Notes shall be subject to the Issuer’s compliance with Section 4.12 hereof. Any Additional Notes shall be issued with the benefit of an
indenture supplemental to this Indenture. 
 (e) Euroclear and Clearstream Procedures Applicable. The provisions of the
“Operating Procedures of the Euroclear System” and “Terms and Conditions Governing Use of Euroclear” and the “General Terms and Conditions of Clearstream Banking” and “Customer Handbook” of Clearstream shall
be applicable to transfers of beneficial interests in the Regulation S Temporary Global Note and the Regulation S Permanent Global Notes that are held by Participants through Euroclear or Clearstream. 

SECTION 2.2. Execution and Authentication; Aggregate Principal Amount. 

At least one Officer shall execute the Notes for the Issuer by manual or facsimile signature. 

If an Officer whose signature is on a Note or a Subsidiary Guarantee was an Officer at the time of such execution but no longer holds
that office or position at the time the Trustee authenticates the Note, the Note shall nevertheless be valid. 
 A Note shall
not be valid until an authorized signatory of the Trustee manually or by facsimile signs the certificate of authentication on the Note. The signature shall be conclusive evidence that the Note has been authenticated under this Indenture. 

 

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 The Trustee shall authenticate (i) Notes for original issue on the Issue Date in the
aggregate principal amount not to exceed $300,000,000, (ii) subject to Section 4.12, Additional Notes and (iii) Exchange Notes, in each case, upon a written order of the Issuer in the form of an Officers’ Certificate (an
“Authentication Order”). Each Authentication Order shall specify the amount of Notes to be authenticated and the date on which the Notes are to be authenticated, whether the Notes are to be Notes or Additional Notes and whether the Notes
are to be issued as Definitive Notes or Global Notes or such other information as the Trustee may reasonably request. Any Additional Notes shall be part of the same issue as the Notes being issued on the Issue Date and will vote on all matters as
one class with the Notes being issued on the Issue Date, including, without limitation, waivers, amendments, redemptions, Change of Control Offers and Asset Disposition Offers. For the purposes of this Indenture, except for Section 4.12,
references to the Notes include Additional Notes, if any. In addition, with respect to authentication pursuant to clause (ii) of the first sentence of this paragraph, such written order from the Issuer shall be accompanied by an Opinion of
Counsel of the Issuer in a form reasonably satisfactory to the Trustee stating that the issuance of the Additional Notes does not give rise to an Event of Default, complies with this Indenture and has been duly authorized by the Issuer. 

The Trustee may appoint an authenticating agent (the “Authenticating Agent”) reasonably acceptable to the Issuer to
authenticate Notes. Unless otherwise provided in the appointment, an Authenticating Agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such
Authenticating Agent. An Authenticating Agent has the same rights as an Agent to deal with the Issuer or with any Affiliate of the Issuer. 

The Notes shall be issuable in fully registered form only, without coupons, in denominations of at least $2,000 and any integral multiple
of $1,000 thereafter. 
 SECTION 2.3. Registrar and Paying Agent. 

The Issuer shall maintain an office or agency where (a) Notes may be presented or surrendered for registration of transfer or for
exchange (“Registrar”), (b) Notes may be presented or surrendered for payment (“Paying Agent”) and (c) notices and demands to or upon the Issuer in respect of the Notes and this Indenture may be served.
The Registrar shall keep a register of the Notes and of their transfer and exchange. The Issuer, upon prior written notice to the Trustee, may have one or more co-Registrars and one or more additional paying agents reasonably acceptable to the
Trustee. The term “Paying Agent” includes any additional Paying Agent. The Issuer may act as Paying Agent, except that, for the purposes of payments on the Notes pursuant to Sections 4.15 and 4.16, neither the Issuer nor any Affiliate of
the Issuer may act as Paying Agent. 
 The Issuer shall enter into an appropriate agency agreement with any Agent not a party to
this Indenture, which agreement shall incorporate the provisions of the TIA and implement the provisions of this Indenture that relate to such Agent. The Issuer shall notify the Trustee, in advance, of the name and address of any such Agent. If the
Issuer fails to maintain a Registrar or Paying Agent, or fails to give the foregoing notice, the Trustee shall act as such. 

The Issuer initially appoints the Trustee as Registrar, Paying Agent and agent for service of demands and notices in connection with the
Notes, until such time as the Trustee has resigned or a successor has been appointed. Any of the Registrar, the Paying Agent or any other agent may resign upon 30 days’ prior written notice to the Issuer. 

 

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 SECTION 2.4. Paying Agent To Hold Assets in Trust.

 The Issuer shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall
hold in trust for the benefit of the Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, premium or Liquidated Damages, if any, or interest on, the Notes (whether such assets have been distributed to it by the
Issuer or any other obligor on the Notes), and the Issuer and the Paying Agent shall notify the Trustee of any Default by the Issuer (or any other obligor on the Notes) in making any such payment. The Issuer at any time may require a Paying Agent to
distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all
assets held by it to the Trustee and to account for any assets distributed. If the Issuer acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all assets held by it as Paying Agent. Upon
distribution to the Trustee of all assets that shall have been delivered by the Issuer to the Paying Agent, the Paying Agent (if other than the Issuer) shall have no further liability for such assets. 

SECTION 2.5. Holder Lists. 

The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and
addresses of the Holders and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar, the Issuer shall furnish or cause the Registrar to furnish to the Trustee before each Record Date and at such other times as the Trustee
may request in writing a list as of such date and in such form as the Trustee may reasonably require of the names and addresses of the Holders, which list may be conclusively relied upon by the Trustee. 

SECTION 2.6. Transfer and Exchange. 

(a) Transfer and Exchange of Global Notes. Except as otherwise set forth in this Section 2.6, a Global Note may be
transferred, in whole and not in part, only to another nominee of the Depository or to a successor Depository or a nominee of such successor Depository. A beneficial interest in a Global Note may not be exchanged for a Definitive Note unless
(i) the Depository (x) notifies the Issuer that it is unwilling or unable to continue as Depository for such Global Note or (y) has ceased to be a clearing agency registered under the Exchange Act and, in either case, a successor
Depository is not appointed by the Issuer within 120 days or (ii) there shall have occurred and be continuing a Default with respect to the Notes. Upon the occurrence of any of the preceding events in clause (i) or (ii) above,
Definitive Notes delivered in exchange for any Global Note or beneficial interests therein will be registered in the names, and issued in any approved denominations, requested by or on behalf of the Depository (in accordance with its customary
procedures). Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.7 and 2.10 hereof. Every Note authenticated and delivered in exchange for, or in lieu of, a Global Note or any portion thereof, pursuant to
this Section 2.6 or Section 2.7 or 2.10 hereof, shall be authenticated and delivered in the form of, and shall be, a Global Note, except for Definitive Notes issued subsequent to any of the preceding events in clause (i) or
(ii) above and pursuant to Section 2.6(c) hereof. A Global Note may not be exchanged for another Note other than as provided in this Section 2.6(a); provided, however, beneficial interests in a Global Note may be
transferred and exchanged as provided in Section 2.6(b), (c) or (f) hereof. 
  

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 (b) Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer
and exchange of beneficial interests in the Global Notes shall be effected through the Depository, in accordance with the provisions of this Indenture and the Applicable Procedures. Beneficial interests in the Restricted Global Notes shall be
subject to restrictions on transfer comparable to those set forth herein to the extent required by the Securities Act. Transfers of beneficial interests in the Global Notes also shall require compliance with either subparagraph (i) or
(ii) below, as applicable, as well as one or more of the other following subparagraphs, as applicable: 
 (i) Transfer
of Beneficial Interests in the Same Global Note. Beneficial interests in any Restricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Note in accordance
with the transfer restrictions set forth in the Private Placement Legend; provided, however, that prior to the expiration of the Restricted Period, transfers of beneficial interests in the Regulation S Temporary Global Note may not be
made to a U.S. Person or for the account or benefit of a U.S. Person (other than an Initial Purchaser). Beneficial interests in any Unrestricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest
in an Unrestricted Global Note. No written orders or instructions shall be required to be delivered to the Registrar to effect the transfers described in this Section 2.6(b)(i). 

(ii) All Other Transfers and Exchanges of Beneficial Interests in Global Notes. In connection with all transfers and exchanges of
beneficial interests that are not subject to Section 2.6(b)(i) hereof, the transferor of such beneficial interest must deliver to the Registrar either (A) (1) a written order from a Participant or an Indirect Participant given to the
Depository in accordance with the Applicable Procedures directing the Depository to credit or cause to be credited a beneficial interest in another Global Note in an amount equal to the beneficial interest to be transferred or exchanged and
(2) instructions given in accordance with the Applicable Procedures containing information regarding the Participant account to be credited with such increase or (B) (1) a written order from a Participant or an Indirect Participant
given to the Depository in accordance with the Applicable Procedures directing the Depository to cause to be issued a Definitive Note in an amount equal to the beneficial interest to be transferred or exchanged and (2) instructions given by the
Depository to the Registrar containing information regarding the Person in whose name such Definitive Note shall be registered to effect the transfer or exchange referred to in (1) above; provided that in no event shall Definitive Notes
be issued upon the transfer or exchange of beneficial interests in the Regulation S Temporary Global Note prior to (A) the expiration of the Restricted Period and (B) the receipt by the Registrar of any certificates required pursuant to
Rule 903. Upon consummation of an Exchange Offer by the Issuer in accordance with Section 2.06(f) hereof, the requirements of this Section 2.06(b)(ii) shall be deemed to have been satisfied upon receipt by the Registrar of the instructions
contained in the Letter of Transmittal delivered by the Holder of such beneficial interests in the Restricted Global Notes. Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Notes contained in
this Indenture and the Notes or otherwise applicable under the Securities Act, the Trustee shall adjust the principal amount of the relevant Global Note(s) pursuant to Section 2.6(f) hereof. 

(iii) Transfer of Beneficial Interests to Another Restricted Global Note. A beneficial interest in any Restricted Global Note may
be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the requirements of Section 2.6(b)(ii) hereof and the Registrar receives the following:

 (A) if the transferee will take delivery in the form of a beneficial interest in the 144A Global Note, then
the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof; or 

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

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 (iv) Transfer and Exchange of Beneficial Interests in a Restricted Global Note for
Beneficial Interests in an Unrestricted Global Note. A beneficial interest in any Restricted Global Note may be exchanged by any holder thereof for a beneficial interest in an Unrestricted Global Note or transferred to a Person who takes
delivery thereof in the form of a beneficial interest in an Unrestricted Global Note if the exchange or transfer complies with the requirements of Section 2.6(b)(ii) hereof and: 

(A) such exchange or transfer is effected pursuant to the Exchange Offer and the holder of the beneficial interest to be
transferred, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the Letter of Transmittal that it is not (1) a Broker-Dealer, (2) a Person participating in the distribution of the Exchange Notes or
(3) a Person who is an affiliate (as defined in Rule 144) of the Issuer; 
 (B) such transfer is effected
pursuant to the Shelf Registration Statement in accordance with the Registration Rights Agreement; 
 (C) such
transfer is effected by a Broker-Dealer pursuant to the Exchange Offer Registration Statement in accordance with the Registration Rights Agreement; or 

(D) the Registrar receives the following: 

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

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

 and, in each case set forth in this Section 2.6(b)(iv), if the Registrar so requests or if the Applicable Procedures so require, an
Opinion of Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no
longer required in order to maintain compliance with the Securities Act. 
 If any such transfer is effected pursuant to this
Section 2.6(b)(ii) or (iv) at a time when an Unrestricted Global Note has not yet been issued, the Issuer shall issue and, upon receipt of an Authentication Order in accordance with Section 2.2 hereof, the Trustee shall authenticate
one or more Unrestricted Global Notes in an aggregate principal amount equal to the aggregate principal amount of beneficial interests transferred pursuant to this Section 2.6(b)(ii) or (iv). 

Beneficial interests in an Unrestricted Global Note cannot be exchanged for, or transferred to Persons who take delivery thereof in the
form of, a beneficial interest in a Restricted Global Note. 
 (c) Transfer or Exchange of Beneficial
Interests for Definitive Notes. 
 (i) Beneficial Interests in Restricted Global Notes to Restricted Definitive
Notes. If any holder of a beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form
of a Restricted Definitive Note, then, upon the occurrence of any of the events in paragraph (i) or (ii) of Section 2.6(a) hereof and receipt by the Registrar of the following documentation: 

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

 

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 (B) if such beneficial interest is being transferred to a QIB in accordance
with Rule 144A, a certificate substantially in the form of Exhibit B hereto, including the certifications in item (1) thereof; 

(C) if such beneficial interest is being transferred to a Non-U.S. Person in an offshore transaction in accordance with
Rule 903 or Rule 904, a certificate substantially in the form of Exhibit B hereto, including the certifications in item (2) thereof; 

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

(E) if such beneficial interest is being transferred to the Issuer or any of its Restricted Subsidiaries, a certificate
substantially in the form of Exhibit B hereto, including the certifications in item (3)(b) thereof; or 

(F) if such beneficial interest is being transferred pursuant to an effective registration statement under the Securities
Act, a certificate substantially in the form of Exhibit B hereto, including the certifications in item (3)(c) thereof; 
 the
Trustee shall cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 2.6(f) hereof, and the Issuer shall execute and, upon receipt of an Authentication Order in accordance with
Section 2.2 hereof, the Trustee shall authenticate and mail to the Person designated in the instructions a Definitive Note in the applicable principal amount. Any Definitive Note issued in exchange for a beneficial interest in a Restricted
Global Note pursuant to this Section 2.6(c) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from the
Depository and the Participant or Indirect Participant. The Trustee shall mail such Definitive Notes to the Persons in whose names such Notes are so registered. Any Definitive Note issued in exchange for a beneficial interest in a Restricted Global
Note pursuant to this Section 2.6(c)(i) shall bear the Private Placement Legend and shall be subject to all restrictions on transfer contained therein. 

(ii) Beneficial Interests in Regulation S Temporary Global Note to Definitive Notes. Notwithstanding Sections 2.6(c)(i)(A) and
(C) hereof, a beneficial interest in the Regulation S Temporary Global Note may not be exchanged for a Definitive Note or transferred to a Person who takes delivery thereof in the form of a Definitive Note prior to (A) the expiration of
the Restricted Period and (B) the receipt by the Registrar of any certificates required pursuant to Rule 903(b)(3)(ii)(B) of the Securities Act, except in the case of a transfer pursuant to an exemption from the registration requirements of the
Securities Act other than Rule 903 or Rule 904. 
 (iii) Beneficial Interests in Restricted Global Notes to Unrestricted
Definitive Notes. A holder of a beneficial interest in a Restricted Global Note may exchange such beneficial interest for an Unrestricted Definitive Note or may transfer such beneficial interest to a Person who takes delivery thereof in the form
of an Unrestricted Definitive Note only upon the occurrence of any of the events in subsection (i) or (ii) of Section 2.6(a) hereof and if: 

(A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights
Agreement and the holder of such beneficial interest, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the applicable letter of transmittal that it is not (1) a Broker-Dealer, (2) a Person
participating in the distribution of the Exchange Notes or (3) a Person who is an affiliate (as defined in Rule 144) of the Issuer; 
  

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 (B) such transfer is effected pursuant to a Shelf Registration Statement in
accordance with the Registration Rights Agreement; 
 (C) such transfer is effected by a Broker-Dealer pursuant
to the Exchange Offer Registration Statement in accordance with the Registration Rights Agreement; or 
 (D) the
Registrar receives the following: 
 (1) if the holder of such beneficial interest in a Restricted Global Note
proposes to exchange such beneficial interest for an Unrestricted Definitive Note, a certificate from such holder substantially in the form of Exhibit C hereto, including the certifications in item (1)(b) thereof; or 

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

and, in each case set forth in this Section 2.6(c)(iii), if the Registrar so requests or if the Applicable Procedures so require, an Opinion of
Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer
required in order to maintain compliance with the Securities Act. 
 (iv) Beneficial Interests in Unrestricted Global Notes
to Unrestricted Definitive Notes. If any holder of a beneficial interest in an Unrestricted Global Note proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who takes delivery
thereof in the form of a Definitive Note, then, upon the occurrence of any of the events in subsection (i) or (ii) of Section 2.6(a) hereof and satisfaction of the conditions set forth in Section 2.6(b)(ii) hereof, the Trustee
shall cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 2.6(f) hereof, and, upon receipt of an Authentication Order in accordance with Section 2.2 hereof, the Issuer shall
execute and the Trustee shall authenticate and mail to the Person designated in the instructions a Definitive Note in the applicable principal amount. Any Definitive Note issued in exchange for a beneficial interest pursuant to this
Section 2.6(c)(iv) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from or through the Depository and the
Participant or Indirect Participant. The Trustee shall mail such Definitive Notes to the Persons in whose names such Notes are so registered. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.6(c)(iv)
shall not bear the Private Placement Legend. 
 (d) Transfer and Exchange of Definitive Notes for Beneficial
Interests. 
  

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 (i) Restricted Definitive Notes to Beneficial Interests in Restricted Global Notes.
If any Holder of a Restricted Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note or to transfer such Restricted Definitive Note to a Person who takes delivery thereof in the form of a beneficial
interest in a Restricted Global Note, then, upon receipt by the Registrar of the following documentation: 
 (A)
if the Holder of such Restricted Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note, a certificate from such Holder substantially in the form of Exhibit C hereto, including the
certifications in item (2)(b) thereof; 
 (B) if such Restricted Definitive Note is being transferred to a
QIB in accordance with Rule 144A, a certificate substantially in the form of Exhibit B hereto, including the certifications in item (1) thereof; 

(C) if such Restricted Definitive Note is being transferred to a Non-U.S. Person in an offshore transaction in accordance
with Rule 903 or Rule 904, a certificate substantially in the form of Exhibit B hereto, including the certifications in item (2) thereof; 

(D) if such Restricted Definitive Note is being transferred pursuant to an exemption from the registration requirements of
the Securities Act in accordance with Rule 144, a certificate substantially in the form of Exhibit B hereto, including the certifications in item (3)(a) thereof; 

(E) if such Restricted Definitive Note is being transferred to the Issuer or any of its Restricted Subsidiaries, a
certificate substantially in the form of Exhibit B hereto, including the certifications in item (3)(b) thereof; or 

(F) if such Restricted Definitive Note is being transferred pursuant to an effective registration statement under the
Securities Act, a certificate substantially in the form of Exhibit B hereto, including the certifications in item (3)(c) thereof; 

the Trustee shall cancel the Restricted Definitive Note, increase or cause to be increased the aggregate principal amount of, in the case of clause
(A) above, the applicable Restricted Global Note, in the case of clause (B) above, the applicable 144A Global Note, and in the case of clause (C) above, the applicable Regulation S Global Note. 

(ii) Restricted Definitive Notes to Beneficial Interests in Unrestricted Global Notes. A Holder of a Restricted Definitive Note
may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Restricted Definitive Note to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note only: 

(A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights
Agreement and the Holder, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the applicable letter of transmittal that it is not (1) a Broker-Dealer, (2) a Person participating in the distribution of the
Exchange Notes or (3) a Person who is an affiliate (as defined in Rule 144) of the Issuer; 
 (B) such
transfer is effected pursuant to a Shelf Registration Statement in accordance with the Registration Rights Agreement; 

(C) such transfer is effected by a Broker-Dealer pursuant to an Exchange Offer Registration Statement in accordance with
the Registration Rights Agreement; or 
  

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 (D) the Registrar receives the following: 

(1) if the Holder of such Definitive Notes proposes to exchange such Notes for a beneficial interest in the Unrestricted
Global Note, a certificate from such Holder substantially in the form of Exhibit C hereto, including the certifications in item (1)(c) thereof; or 

(2) if the Holder of such Definitive Notes proposes to transfer such Notes to a Person who shall take delivery thereof in
the form of a beneficial interest in the Unrestricted Global Note, a certificate from such Holder substantially in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each case set forth in this Section 2.6(d)(ii), if the Registrar so requests or if the Applicable Procedures so require, an Opinion of
Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer
required in order to maintain compliance with the Securities Act. 
 Upon satisfaction of the conditions of any of the
subparagraphs in this Section 2.6(d)(ii), the Trustee shall cancel the Definitive Notes and increase or cause to be increased the aggregate principal amount of the Unrestricted Global Note. 

(iii) Unrestricted Definitive Notes to Beneficial Interests in Unrestricted Global Notes. A Holder of an Unrestricted Definitive
Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note at any time. Upon
receipt of a request for such an exchange or transfer, the Trustee shall cancel the applicable Unrestricted Definitive Note and increase or cause to be increased the aggregate principal amount of one of the Unrestricted Global Notes. 

If any such exchange or transfer from a Definitive Note to a beneficial interest is effected pursuant to subparagraph (ii)(B), (ii)(D) or
(iii) above at a time when an Unrestricted Global Note has not yet been issued, the Issuer shall issue and, upon receipt of an Authentication Order in accordance with Section 2.2 hereof, the Trustee shall authenticate one or more
Unrestricted Global Notes in an aggregate principal amount equal to the principal amount of Definitive Notes so transferred. 

(e) Transfer and Exchange of Definitive Notes for Definitive Notes. Upon request by a Holder of Definitive Notes and such
Holder’s compliance with the provisions of this Section 2.6(e), the Registrar shall register the transfer or exchange of Definitive Notes. Prior to such registration of transfer or exchange, the requesting Holder shall present or surrender
to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such Holder or by its attorney, duly authorized in writing. In addition, the requesting
Holder shall provide any additional certifications, documents and information, as applicable, required pursuant to the following provisions of this Section 2.6(e): 

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

(A) if the transfer will be made to a QIB in accordance with Rule 144A, then the transferor must deliver a certificate
substantially in the form of Exhibit B hereto, including the certifications in item (1) thereof; 
  

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

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

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

(A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights
Agreement and the Holder, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the applicable letter of transmittal that it is not (1) a Broker-Dealer, (2) a Person participating in the distribution of the
Exchange Notes or (3) a Person who is an affiliate (as defined in Rule 144) of the Issuer; 
 (B) any such
transfer is effected pursuant to the Shelf Registration Statement in accordance with the Registration Rights Agreement; 

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

(1) if the Holder of such Restricted Definitive Notes proposes to exchange such Notes for an Unrestricted Definitive
Note, a certificate from such Holder substantially in the form of Exhibit C hereto, including the certifications in item (1)(d) thereof; or 

(2) if the Holder of such Restricted Definitive Notes proposes to transfer such Notes to a Person who shall take delivery
thereof in the form of an Unrestricted Definitive Note, a certificate from such Holder substantially in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each case set forth in this Section 2.6(e)(ii), if the Registrar so requests, an Opinion of Counsel in form reasonably acceptable to the
Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with
the Securities Act. 
 (iii) Unrestricted Definitive Notes to Unrestricted Definitive Notes. A Holder of Unrestricted
Definitive Notes may transfer such Notes to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note. Upon receipt of a request to register such a transfer, the Registrar shall register the Unrestricted Definitive Notes
pursuant to the instructions from the Holder thereof. 
  

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 (f) Exchange Offer. Upon the occurrence of the Exchange Offer in accordance with the
Registration Rights Agreement, the Issuer will issue and, upon receipt of an Authentication Order in accordance with Section 2.2 hereof, the Trustee will authenticate: 

(i) one or more Unrestricted Global Notes in an aggregate principal amount equal to the principal amount of the beneficial
interests in the Restricted Global Notes accepted for exchange in the Exchange Offer by Persons that certify that (A) they are not Broker-Dealers, (B) they are not participating in a distribution of the Exchange Notes and (C) they are
not affiliates (as defined in Rule 144) of the Issuer; and 
 (ii) Unrestricted Definitive Notes in an aggregate
principal amount equal to the principal amount of the Restricted Definitive Notes accepted for exchange in the Exchange Offer by Persons that certify that (A) they are not Broker-Dealers, (B) they are not participating in a distribution of
the Exchange Notes and (C) they are not affiliates (as defined in Rule 144) of the Issuer. 
 Concurrently with the issuance of such Notes,
the Trustee will cause the aggregate principal amount of the applicable Restricted Global Notes to be reduced accordingly, and the Issuer will execute and, upon receipt of an Authentication Order in accordance with Section 2.2 hereof, the
Trustee will authenticate and deliver to the Persons designated by the Holders of Definitive Notes so accepted Unrestricted Definitive Notes in the appropriate principal amount. 

(g) Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests in a particular Global Note have been
exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note shall be returned to or retained and canceled by the Trustee in accordance with Section 2.11
hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note or for Definitive
Notes, the principal amount of Notes represented by such Global Note shall be reduced accordingly and an endorsement shall be made on such Global Note by the Trustee or by the Depository at the direction of the Trustee to reflect such reduction; and
if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such other Global Note shall be increased accordingly and an endorsement shall
be made on such Global Note by the Trustee or by the Depository at the direction of the Trustee to reflect such increase. 
 (h)
General Provisions Relating to Transfers and Exchanges. 
 (i) To permit registrations of transfers and exchanges, the
Issuer shall execute and the Trustee shall authenticate Global Notes and Definitive Notes upon receipt of an Authentication Order in accordance with Section 2.2 hereof or at the Registrar’s request. 

(ii) No service charge shall be made to a holder of a beneficial interest in a Global Note or to a Holder of a Definitive Note for any
registration of transfer or exchange, but the Issuer may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or similar governmental charge
payable upon exchange or transfer pursuant to Sections 2.7, 2.10, 3.7, 4.15, 4.16 and 9.5 hereof). 
  

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 (iii) Neither the Registrar nor the Issuer shall be required to register the transfer of or
exchange any Note selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 

(iv) All Global Notes and Definitive Notes issued upon any registration of transfer or exchange of Global Notes or Definitive Notes shall
be the valid obligations of the Issuer, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Global Notes or Definitive Notes surrendered upon such registration of transfer or exchange. 

(v) The Issuer shall not be required (A) to issue, to register the transfer of or to exchange any Notes during a period beginning at
the opening of business 15 days before the day of any selection of Notes for redemption under Section 3.2 hereof and ending at the close of business on the day of selection, (B) to register the transfer of or to exchange any Note so
selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part or (C) to register the transfer of or to exchange a Note between a Record Date and the next succeeding Interest Payment Date.

 (vi) Prior to due presentment for the registration of a transfer of any Note, the Trustee, any Agent and the Issuer may deem
and treat the Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of (and premium, if any), Liquidated Damages, if any, and interest on such Notes and for all other
purposes, and none of the Trustee, any Agent or the Issuer shall be affected by notice to the contrary. 
 (vii) Upon surrender
for registration of transfer of any Note at the office or agency of the Issuer designated pursuant to Section 4.2 hereof, the Issuer shall execute, and the Trustee shall authenticate and mail, in the name of the designated transferee or
transferees, one or more replacement Notes of any authorized denomination or denominations of a like aggregate principal amount. 

(viii) At the option of the Holder, Notes may be exchanged for other Notes of any authorized denomination or denominations of a like
aggregate principal amount upon surrender of the Notes to be exchanged at such office or agency. Whenever any Global Notes or Definitive Notes are so surrendered for exchange, the Issuer shall execute, and the Trustee shall authenticate and mail,
the replacement Global Notes and Definitive Notes which the Holder making the exchange is entitled to in accordance with the provisions of Section 2.2 hereof. 

(ix) All certifications, certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to this Section 2.6
to effect a registration of transfer or exchange may be submitted by facsimile. 
 SECTION 2.7. Replacement
Notes. 
 If a mutilated Note is surrendered to the Trustee or if the Holder of a Note claims that the Note
has been lost, destroyed or wrongfully taken, the Issuer shall issue and the Trustee shall authenticate a replacement Note and the Subsidiary Guarantors shall execute a Subsidiary Guarantee thereon if the Trustee’s requirements are met. If
required by the Trustee or the Issuer, such Holder must provide an indemnity bond or other indemnity of reasonable tenor, sufficient in the reasonable judgment of the Issuer, 

 

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the Subsidiary Guarantors and the Trustee, to protect the Issuer, the Subsidiary Guarantors, the Trustee or any Agent from any loss which any of them may suffer if a Note is replaced. Every
replacement Note shall constitute an additional obligation of the Issuer and the Subsidiary Guarantors. 
 SECTION 2.8.
Outstanding Notes. 
 Notes outstanding at any time are all the Notes that have been authenticated by
the Trustee except those canceled by it, those delivered to it for cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions hereof and those described in this Section as not
outstanding. Subject to the provisions of Section 2.9, a Note does not cease to be outstanding because the Issuer or any of its Affiliates holds the Note. 

If a Note is replaced pursuant to Section 2.7 (other than a mutilated Note surrendered for replacement), it ceases to be outstanding
unless the Trustee receives proof satisfactory to it that the replaced Note is held by a bona fide purchaser for value. A mutilated Note ceases to be outstanding upon surrender of such Note and replacement thereof pursuant to
Section 2.7. 
 If on a Redemption Date or the Maturity Date the Paying Agent (other than the Issuer, a Subsidiary or an
Affiliate of any thereof) holds U.S. Legal Tender or U.S. Government Obligations sufficient to pay all of the principal, premium, if any, and interest due on the Notes payable on that date and is not prohibited from paying such money to the Holders
thereof pursuant to the terms of this Indenture, then on and after that date such Notes shall be deemed not to be outstanding and interest on them shall cease to accrue. 

SECTION 2.9. Treasury Notes. 

In determining whether the Holders of the required principal amount of Notes have concurred in any direction, waiver, consent or notice,
Notes owned by the Issuer or any Guarantor or an Affiliate of the Issuer or any Guarantor shall be considered as though they are not outstanding, except that for the purposes of determining whether the Trustee shall be protected in relying on any
such direction, waiver or consent, only Notes which a Trust Officer of the Trustee actually knows are so owned shall be so considered. The Issuer shall notify the Trustee, in writing, when, to its knowledge, any of its Affiliates repurchase or
otherwise acquire Notes, of the aggregate principal amount of such Notes so repurchased or otherwise acquired and such other information as the Trustee may reasonably request and the Trustee shall be entitled to rely thereon. 

SECTION 2.10. Temporary Notes. 

Until definitive Notes are ready for delivery, the Issuer may prepare and the Trustee shall authenticate temporary Notes upon receipt of
an Authentication Order. The Authentication Order shall specify the amount of temporary Notes to be authenticated and the date on which the temporary Notes are to be authenticated. Temporary Notes shall be substantially in the form of definitive
Notes but may have variations that the Issuer considers appropriate for temporary Notes and so indicate in the Authentication Order. Without unreasonable delay, the Issuer shall prepare, the Trustee shall authenticate and the Subsidiary Guarantors
shall execute Subsidiary Guarantees on, upon receipt of an Authentication Order in accordance with Section 2.2 hereof, definitive Notes in exchange for temporary Notes. 

SECTION 2.11. Cancellation. 

The Issuer at any time may deliver Notes to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee
any Notes surrendered to them for transfer, exchange or 
  

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payment. The Trustee, or at the direction of the Trustee, the Registrar or the Paying Agent, and no one else, shall cancel and, at the written direction of the Issuer, shall dispose, in its
customary manner, of all Notes surrendered for transfer, exchange, payment or cancellation. The Trustee shall maintain a record of all canceled Notes. Subject to Section 2.7, the Issuer may not issue new Notes to replace Notes that they have
paid or delivered to the Trustee for cancellation. If either Issuer shall acquire any of the Notes, such acquisition shall not operate as a redemption or satisfaction of the Indebtedness represented by such Notes unless and until the same are
surrendered to the Trustee for cancellation pursuant to this Section 2.11. 
 SECTION 2.12. Defaulted
Interest. 
 The Issuer will pay interest on overdue principal from time to time on demand at a rate of 0.5
percentage points per annum in excess of the rate of interest then borne by the Notes. The Issuer shall, to the extent lawful, pay interest on overdue installments of interest (without regard to any applicable grace periods) from time to time on
demand at a rate of 0.5 percentage points per annum in excess of the rate of interest then borne by the Notes. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months, and, in the case of a partial month, the
actual number of days elapsed. 
 If the Issuer defaults in a payment of interest on the Notes, it shall pay the defaulted
interest, plus (to the extent lawful) any interest payable on the defaulted interest, to the Persons who are Holders on a subsequent special record date, which special record date shall be the fifteenth day next preceding the date fixed by the
Issuer for the payment of defaulted interest or the next succeeding Business Day if such date is not a Business Day. The Issuer shall notify the Trustee in writing of the amount of defaulted interest proposed to be paid on each Note and the date of
the proposed payment (a “Default Interest Payment Date”), and at the same time the Issuer shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such defaulted interest or
shall make arrangements satisfactory to the Trustee for such deposit on or prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such defaulted interest as provided in
this Section; provided, however, that in no event shall the Issuer deposit monies proposed to be paid in respect of defaulted interest later than 11:00 a.m. New York City time of the proposed Default Interest Payment Date. At least 15
days before the subsequent special record date, the Issuer shall mail (or cause to be mailed) to each Holder, as of a recent date selected by the Issuer, with a copy to the Trustee, a notice that states the subsequent special record date, the
payment date and the amount of defaulted interest, and interest payable on such defaulted interest, if any, to be paid. Notwithstanding the foregoing, (a) any interest which is paid prior to the expiration of the 30-day period set forth in
Section 6.1(1) shall be paid to Holders as of the regular record date for the Interest Payment Date for which interest has not been paid, and (b) the Issuer may make payment of any defaulted interest in any other lawful manner not
inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange. 

SECTION 2.13. CUSIP Number. 

The Issuer in issuing the Notes may use a “CUSIP” number, and, if so, the Trustee shall use the CUSIP number in notices of
redemption or exchange as a convenience to Holders; provided, however, that no representation is hereby deemed to be made by the Trustee as to the correctness or accuracy of the CUSIP number printed in the notice or on the Notes, and
that reliance may be placed only on the other identification numbers printed on the Notes. The Issuer shall promptly notify the Trustee of any change in the CUSIP number. 
  

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 SECTION 2.14. Deposit of Monies. 

Prior to 11:00 a.m. New York City time on each Interest Payment Date, Maturity Date, Redemption Date, Change of Control Payment Date and
Asset Disposition Purchase Date, the Issuer shall have deposited with the Paying Agent in immediately available funds money sufficient to make cash payments, if any, due on such Interest Payment Date, Maturity Date, Redemption Date, Change of
Control Payment Date and Asset Disposition Purchase Date, as the case may be, in a timely manner which permits the Paying Agent to remit payment to the Holders on such Interest Payment Date, Maturity Date, Redemption Date, Change of Control Payment
Date and Asset Disposition Purchase Date, as the case may be. 
 SECTION 2.15. Restrictive Legends.

 (a) Legends. The following legends shall appear on the face of all Global Notes and Definitive Notes issued under this
Indenture unless specifically stated otherwise in the applicable provisions of this Indenture: 
 (i) Private
Placement Legend. 
 (A) Except as permitted by subparagraph (B) below, each Global Note and each
Definitive Note (and all Notes issued in exchange therefor or substitution thereof) shall bear the legend in substantially the following form: 

“THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE
SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR
UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL
OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS IN THE CASE OF RULE 144A NOTES: ONE YEAR IN THE CASE OF REGULATION S NOTES: 40 DAYS AFTER THE LATER OF THE ORIGINAL ISSUE DATE
HEREOF AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF ANY ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY), ONLY (A) TO THE ISSUER, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED
EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE
144A UNDER THE SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT

  

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TO OFFERS AND SALES THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT, OR (E) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUER’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO THIS CLAUSE (E) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER
INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE.” 

(B) Notwithstanding the foregoing, any Global Note or Definitive Note issued pursuant to subparagraph (b)(iv), (c)(iii),
(c)(iv), (d)(ii), (d)(iii), (e)(ii), (e)(iii) or (f) of Section 2.6 (and all Notes issued in exchange therefor or substitution thereof) shall not bear the Private Placement Legend. 

(ii) Global Note Legend. Each Global Note shall bear a legend in substantially the following form: 

“THIS GLOBAL NOTE IS HELD BY THE DEPOSITORY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE
BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.6(f) OR SECTION 2.6(g) OF THE INDENTURE,
(II) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.6(a) OF THE INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE
MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITORY WITH THE PRIOR WRITTEN CONSENT OF THE ISSUER. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A
NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY. UNLESS THIS CERTIFICATE
IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”) TO THE ISSUER OR ITS AGENTS FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.” 
  

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 (iii) Regulation S Temporary Global Note Legend. The Regulation S
Temporary Global Note shall bear a legend in substantially the following form: 
 “THE RIGHTS ATTACHING TO THIS REGULATION S
TEMPORARY GLOBAL NOTE, AND THE CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR CERTIFICATED NOTES, ARE AS SPECIFIED IN THE INDENTURE (AS DEFINED HEREIN).” 

SECTION 2.16. Designation. 

The Indebtedness evidenced by the Notes and the Subsidiary Guarantees is hereby irrevocably designated as “senior indebtedness”
or such other term denoting seniority for the purposes of any other existing or future Indebtedness of the Issuer or a Subsidiary Guarantor, as the case may be, which the Issuer or such Subsidiary Guarantor, as the case may be, makes subordinate to
any senior (or such other term denoting seniority) indebtedness of such Person. 
 ARTICLE III. 

REDEMPTION 

SECTION 3.1. Notices to Trustee. 

If the Issuer elects to redeem Notes pursuant to Paragraph 5 of the Notes, they shall notify the Trustee and the Paying Agent in
writing of the Redemption Date and the principal amount of the Notes to be redeemed. 
 The Issuer shall give each notice
provided for in this Section 3.1 60 days before the Redemption Date (unless a shorter notice period shall be satisfactory to the Trustee, as evidenced in a writing signed on behalf of the Trustee), together with an Officers’
Certificate stating that such redemption shall comply with the conditions contained herein and in the Notes. 
 SECTION 3.2.
Selection of Notes To Be Redeemed. 
 If less than all of the Notes are to be redeemed at any time,
selection of such Notes, or portions thereof, for redemption will be made by the Trustee either in compliance with the requirements of the principal national securities exchange, if any, on which the Notes are listed or, if the Notes are not then
listed or admitted to trading on a national securities exchange, on a pro rata basis, by lot or by such other method as the Trustee shall deem fair and appropriate. No Notes of a principal amount of $2,000 or less shall be redeemed in part.
Notice of redemption shall be mailed by first-class mail at least 30 but not more than 60 days before the Redemption Date to each Holder of Notes to be redeemed at its registered address. If any Note is to be redeemed in part only, the notice of
redemption that relates to such Note shall state the portion of the principal amount thereof to be redeemed. A new Note in a principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof upon cancellation
of the original Note. On and after the applicable Redemption Date, interest will cease to accrue on Notes or portions thereof called for redemption unless the Issuer shall default in payment thereof. 

 

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 SECTION 3.3. Optional Redemption. 

(a) Except as set forth in Sections 3.3(b) and (c), the Issuer will not be entitled to redeem the Notes at its option prior to
October 1, 2015. The Notes will be redeemable, at the Issuer’s option, in whole at any time or in part from time to time, on and after October 1, 2015, upon not less than 30 nor more than 60 days’ prior notice, at the following
Redemption Prices (expressed as percentages of the principal amount thereof) if redeemed during the twelve-month period commencing on October 1 of the years set forth below, plus, in each case, unpaid accrued interest and Liquidated Damages, if
any, thereon to the date of redemption (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date): 

 

				
	 Year
	  	Percentage	 
		
	 2015
	  	104.938	% 
	 2016
	  	103.292	% 
	 2017
	  	101.646	% 
	 2018 and thereafter
	  	100.000	% 

 (b) At any
time, or from time to time, on or prior to October 1, 2013, the Issuer may, at its option, use all or a portion of the Net Cash Proceeds of one or more Equity Offerings to redeem up to 35% of the aggregate principal amount of the Notes
(including any Additional Notes) issued under this Indenture at a redemption price equal to 109.875% of the aggregate principal amount of the Notes to be redeemed, plus unpaid accrued interest and Liquidated Damages, if any, thereon to the date of
redemption (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date); provided that: (1) at least 65% of the aggregate principal amount of Notes issued under
this Indenture on the Issue Date remains outstanding immediately after giving effect to any such redemption; and (2) the Issuer makes such redemption not more than 90 days after the consummation of any such Equity Offering. 

(c) In addition, the Notes may be redeemed, in whole or in part, at any time prior to October 1, 2015 at the option of the Issuer
upon not less than 30 nor more than 60 days’ prior notice mailed by first-class mail to each Holder at its registered address, at a redemption price equal to 100% of the principal amount of the Notes redeemed plus the Applicable Premium as of,
and accrued and unpaid interest to, the applicable redemption date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date). 

SECTION 3.4. Notice of Redemption. 

In connection with a redemption pursuant to Section 3.3, at least 30 days but not more than 60 days before a Redemption Date,
the Issuer shall mail or cause to be mailed a notice of redemption by first class mail to each Holder of Notes to be redeemed at its registered address, with a copy to the Trustee and any Paying Agent. At the Issuer’s request, the Trustee shall
give the notice of redemption in the Issuer’s name and at the Issuer’s expense. The Issuer shall provide such notices of redemption to the Trustee at least three Business Days before the intended mailing date. 

Each notice of redemption shall identify (including the CUSIP number) the Notes to be redeemed and shall state: 

(1) the Redemption Date; 
  

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 (2) the Redemption Price and the amount of unpaid accrued interest, if any,
to be paid; 
 (3) the name and address of the Paying Agent; 

(4) the subparagraph of the Notes pursuant to which such redemption is being made; 

(5) that Notes called for redemption must be surrendered to the Paying Agent to collect the Redemption Price plus unpaid
accrued interest, if any; 
 (6) that, unless the Issuer defaults in making the redemption payment, interest on
Notes or applicable portions thereof called for redemption ceases to accrue on and after the Redemption Date, and the only remaining right of the Holders of such Notes is to receive payment of the Redemption Price plus unpaid accrued interest as of
the Redemption Date, if any, upon surrender to the Paying Agent of the Notes redeemed; 
 (7) if any Note is
being redeemed in part, the portion of the principal amount of such Note to be redeemed and that, after the Redemption Date, and upon surrender of such Note, a new Note or Notes in the aggregate principal amount equal to the unredeemed portion
thereof will be issued; and 
 (8) if fewer than all the Notes are to be redeemed, the identification of the
particular Notes (or portion thereof) to be redeemed, as well as the aggregate principal amount of Notes to be redeemed and the aggregate principal amount of Notes to be outstanding after such partial redemption. 

The Issuer will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations
thereunder to the extent such laws and regulations are applicable in connection with the purchase of Notes. 
 SECTION 3.5.
Effect of Notice of Redemption. 
 Once notice of redemption is mailed in accordance with
Section 3.4, such notice of redemption shall be irrevocable and Notes called for redemption shall become due and payable on the Redemption Date and at the Redemption Price plus unpaid accrued interest and Liquidated Damages, if any, as of such
date, if any. Upon surrender to the Trustee or Paying Agent, such Notes called for redemption shall be paid at the Redemption Price plus unpaid accrued interest and Liquidated Damages thereon to the Redemption Date, but installments of interest, the
maturity of which is on or prior to the Redemption Date, shall be payable to Holders of record at the close of business on the relevant Record Dates referred to in the Notes. Interest shall accrue on or after the Redemption Date and shall be payable
only if the Issuer defaults in payment of the Redemption Price. 
 SECTION 3.6. Deposit of Redemption
Price. 
 On or before the Redemption Date and in accordance with Section 2.14, the Issuer shall deposit
with the Paying Agent U.S. Legal Tender sufficient to pay the Redemption Price plus unpaid accrued interest and Liquidated Damages, if any, of all Notes to be redeemed on that date. The Paying Agent shall promptly return to the Issuer any U.S. Legal
Tender so deposited which is not required for that purpose, except with respect to monies owed as obligations to the Trustee pursuant to Article VII. 
  

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 Unless the Issuer fails to comply with the preceding paragraph and defaults in the payment
of such Redemption Price plus unpaid accrued interest, if any, interest on the Notes to be redeemed will cease to accrue on and after the applicable Redemption Date, whether or not such Notes are presented for payment. 

SECTION 3.7. Notes Redeemed in Part. 

Upon surrender of a Note that is to be redeemed in part, upon receipt of an Authentication Order in accordance with Section 2.2
hereof, the Trustee shall authenticate for the Holder a new Note or Notes equal in principal amount to the unredeemed portion of the Note surrendered. 

ARTICLE IV. 

COVENANTS 

SECTION 4.1. Payment of Notes. 

(a) The Issuer shall pay the principal of, premium, if any, and interest and Liquidated Damages, if any, on the Notes on the dates and in
the manner provided in the Notes and in this Indenture. 
 (b) An installment of principal of or interest on the Notes shall be
considered paid on the date it is due if the Trustee or Paying Agent (other than the Issuer or any of its Affiliates) holds, prior to 11:00 a.m. New York City time on that date, U.S. Legal Tender designated for and sufficient to pay the installment
in full and is not prohibited from paying such money to the Holders pursuant to the terms of this Indenture or the Notes. 
 (c)
Notwithstanding anything to the contrary contained in this Indenture, the Issuer may, to the extent it is required to do so by law, deduct or withhold income or other similar taxes imposed by the United States of America from principal or interest
payments under this Indenture. 
 SECTION 4.2. Maintenance of Office or Agency. 

The Issuer shall maintain the office or agency required under Section 2.3. The Issuer shall give prior written notice to the Trustee
of the location, and any change in the location, of such office or agency. If at any time the Issuer shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations,
surrenders, notices and demands may be made or served at the address of the Trustee set forth in Section 11.2. 
 SECTION
4.3. Organizational Existence. 
 Except as otherwise permitted by Article V, the Issuer shall do or
cause to be done, at its own cost and expense, all things necessary to preserve and keep in full force and effect its organizational existence and the organizational existence of each of its Restricted Subsidiaries in accordance with the respective
organizational documents of each such Restricted Subsidiary and the material rights (charter and statutory) and franchises of the Issuer and each such Restricted Subsidiary; provided, however, that the Issuer shall not be required to
preserve, with respect to itself, any material right or franchise and, with respect to any of its Restricted Subsidiaries, any such existence, material right or franchise, if the Board of Directors of the Issuer shall determine in good faith that
the preservation thereof is no longer desirable in the conduct of the business of the Issuer and its Subsidiaries, taken as a whole. 
  

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 SECTION 4.4. Payment of Taxes and Other Claims. 

The Issuer shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes,
assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Restricted Subsidiaries or properties of it or any of its Restricted Subsidiaries and
(ii) all material lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of the Issuer or any of its Restricted Subsidiaries; provided, however, that the Issuer shall not be
required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate negotiations or proceedings properly instituted and
diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken. 
 SECTION 4.5.
Maintenance of Properties and Insurance. 
 (a) The Issuer shall, and shall cause each of the
Restricted Subsidiaries to, maintain all properties used or useful in the conduct of its business in good working order and condition (subject to ordinary wear and tear) and make all necessary repairs, renewals, replacements, additions, betterments
and improvements thereto and actively conduct and carry on its business; provided, however, that nothing in this Section 4.5 shall prevent the Issuer or any of the Restricted Subsidiaries from discontinuing the operation and
maintenance of any of its properties, if such discontinuance is (i) in the ordinary course of business pursuant to customary business terms or (ii) in the good faith judgment of the respective Boards of Directors or other governing body of
the Issuer or Restricted Subsidiary, as the case may be, desirable in the conduct of their respective businesses and is not disadvantageous in any material respect to the Holders. 

(b) The Issuer shall provide or cause to be provided, for itself and each of the Restricted Subsidiaries, insurance (including
appropriate self-insurance) against loss or damage of the kinds that, in the good faith judgment of the Issuer, are adequate and appropriate for the conduct of the business of the Issuer and its Restricted Subsidiaries in a prudent manner, with
reputable insurers or with the government of the United States of America, Canada or an agency or instrumentality thereof, in such amounts, with such deductibles, and by such methods as shall be customary, in the good faith judgment of the Issuer,
for companies similarly situated in the industry. 
 SECTION 4.6. Compliance Certificate; Notice of
Default. 
 (a) The Issuer and each Guarantor (the extent that such Guarantor is so required under the TIA)
shall deliver to the Trustee, within 120 days after the end of each of its fiscal years, an Officers’ Certificate (provided, however, that one of the signatories to each such Officers’ Certificate must state that he or she is
the Issuer’s principal executive officer, principal financial officer or principal accounting officer), as to such Officers’ knowledge, without independent investigation, of the Issuer’s compliance with all conditions and covenants
under this Indenture (without regard to any period of grace or requirement of notice provided under this Indenture) and in the event any Default under this Indenture exists, such Officers shall specify the nature of such Default. Each such
Officers’ Certificate shall also notify the Trustee should the Issuer elect to change the manner in which it fixes its fiscal year end. 

(b) So long as not contrary to the then current recommendations of the American Institute of Certified Public Accountants, the annual
financial statements delivered pursuant to Section 4.8 shall be accompanied by a written report of the Issuer’s independent certified public accountants (who shall be a firm of established national reputation) stating (A) that their
audit examination has included a review of the terms of this Indenture and the form of the Notes as they relate to accounting matters, and 

 

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(B) whether, in connection with their audit examination, any Default or Event of Default has come to their attention and if such a Default or Event of Default has come to their attention,
specifying the nature and period of existence thereof; provided, however, that, without any restriction as to the scope of the audit examination, such independent certified public accountants shall not be liable by reason of any
failure to obtain knowledge of any such Default or Event of Default that would not be disclosed in the course of an audit examination conducted in accordance with generally accepted auditing standards. 

(c) (i) If any Default or Event of Default has occurred and is continuing or (ii) if any Holder seeks to exercise any remedy under
this Indenture with respect to a claimed Default under this Indenture or the Notes, the Issuer shall deliver to the Trustee, at its address set forth in Section 11.2 hereof, by registered or certified mail or by facsimile transmission followed
by hard copy by registered or certified mail an Officers’ Certificate specifying such event, notice or other action within 30 days of the occurrence thereof. 

SECTION 4.7. Compliance with Laws. 

The Issuer shall comply, and shall cause each of its Restricted Subsidiaries to comply, with all applicable statutes, rules, regulations,
orders and restrictions of the United States of America, all states and municipalities thereof, and of any governmental department, commission, board, regulatory authority, bureau, agency and instrumentality of the foregoing, in respect of the
conduct of its respective businesses and the ownership of its respective properties, except for such noncompliances as could not singly or in the aggregate reasonably be expected to have a material adverse effect on the financial condition or
results of operations of the Issuer and the Restricted Subsidiaries taken as a whole. 
 SECTION 4.8. Reports to
Holders. 
 (a) Whether or not the Issuer is subject to the reporting requirements of Section 13 or 15(d)
of the Exchange Act, to the extent not prohibited by the Exchange Act, the Issuer will file with the SEC and make available to the Trustee and the Holders without any cost to any Holder, the annual reports and the information, documents and other
reports (or copies of such portions of any of the foregoing as the SEC may by rules and regulations prescribe) that are specified in Sections 13 and 15(d) of the Exchange Act and applicable to a U.S. corporation within the time periods specified
therein with respect to a non-accelerated filer. In the event that the Issuer is not permitted to file such reports, documents and information with the SEC pursuant to the Exchange Act, the Issuer will nevertheless make available such Exchange Act
information to the Trustee and the Holders without cost to any Holder as if the Issuer were subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act within the time periods specified therein with respect to a
non-accelerated filer. 
 (b) If the Issuer has designated any of its Subsidiaries as Unrestricted Subsidiaries, then the
quarterly and annual financial information required by the preceding paragraph shall include a reasonably detailed presentation, either on the face of the financial statements or in the footnotes to the financial statements and in Management’s
Discussion and Analysis of Results of Operations and Financial Condition, of the financial condition and results of operations of the Issuer and its Restricted Subsidiaries. 

(c) In addition, the Issuer and the Subsidiary Guarantors have agreed that they will make available to the Holders and to prospective
investors, upon the request of such Holders, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act so long as the Notes are not freely transferable under the Securities Act to the extent not satisfied by the
foregoing. For purposes of this Section 4.8, the Issuer and the Subsidiary Guarantors will be deemed to have furnished the reports to the Trustee and the holders of Notes as required by this Section 4.8 if it has filed such reports with
the SEC via the EDGAR filing system and such reports are publicly available. 
  

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 (d) Notwithstanding the foregoing, such requirements shall be deemed satisfied prior to the
commencement of the Exchange Offer or the effectiveness of the Shelf Registration Statement by the filing with the SEC of the Exchange Offer Registration Statement or Shelf Registration Statement, and any amendments thereto, with such financial
information that satisfies Regulation S-X of the Securities Act within the time period specified by the Registration Rights Agreement. 

SECTION 4.9. Waiver of Stay, Extension or Usury Laws. 

The Issuer and each of the Guarantors covenants (to the extent that it may lawfully do so) that it will not at any time insist upon,
plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury law or other law that would prohibit or forgive the Issuer from paying all or any portion of the principal of or interest or
Liquidated Damages, if any, on the Notes as contemplated herein, wherever enacted, now or at any time hereafter in force, or which may affect the covenants or the performance of this Indenture; and (to the extent that it may lawfully do so) the
Issuer and each of the Guarantors hereby expressly waives all benefit or advantage of any such law, and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the
execution of every such power as though no such law had been enacted. 
 SECTION 4.10. Limitation on Restricted
Payments. 
 The Issuer will not, and will not permit any of its Restricted Subsidiaries, directly or
indirectly, to: 
 (1) declare or pay any dividend or make any payment or distribution on or in respect of the
Issuer’s Capital Stock (including any payment or distribution in connection with any merger or consolidation involving the Issuer or any of its Restricted Subsidiaries) except: 

(a) dividends or distributions by the Issuer payable solely in Capital Stock of the Issuer (other than Disqualified Stock)
or in options, warrants or other rights to purchase such Capital Stock of the Issuer; and 
 (b) dividends or
distributions payable to the Issuer or a Restricted Subsidiary and if such Restricted Subsidiary is not a Wholly-Owned Subsidiary, to minority stockholders (or owners of an equivalent interest in the case of a Subsidiary that is an entity other than
a corporation) so long as the Issuer or a Restricted Subsidiary receives at least its pro rata share of such dividend or distribution; 

(2) purchase, redeem, defease, retire or otherwise acquire for value any Capital Stock of the Issuer or any direct or
indirect parent of the Issuer held by Persons other than the Issuer or a Restricted Subsidiary (other than in exchange for Capital Stock of the Issuer (other than Disqualified Stock)); 

(3) purchase, repurchase, redeem, defease or otherwise acquire or retire for value, prior to scheduled maturity, scheduled
repayment or scheduled sinking fund payment, any Subordinated Obligations or Guarantor Subordinated Obligations (other than (x) Indebtedness permitted under clause (3) of the second paragraph of Section 4.12 or (y) the purchase,
repurchase, redemption, defeasance or other acquisition or retirement of Subordinated Obligations or Guarantor Subordinated Obligations purchased in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in
each case due within one year of the date of purchase, repurchase, redemption, defeasance or other acquisition or retirement); or 
  

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 (4) make any Restricted Investment in any Person 

(any such dividend, distribution, purchase, redemption, repurchase, defeasance, other acquisition, retirement or Restricted Investment referred to in
clauses (1) through (4) shall be referred to herein as a “Restricted Payment”), if at the time the Issuer or such Restricted Subsidiary makes such Restricted Payment: 

(a) a Default shall have occurred and be continuing (or would result therefrom); 

(b) the Issuer is not able to Incur an additional $1.00 of Indebtedness pursuant to the first paragraph of
Section 4.12 after giving effect, on a pro forma basis, to such Restricted Payment; or 
 (c) the aggregate
amount of such Restricted Payment and all other Restricted Payments declared or made subsequent to December 1, 2005 would exceed the sum of: 

(i) 50% of Consolidated Net Income for the period (treated as one accounting period) from October 1, 2005 to the end
of the most recent fiscal quarter ending prior to the date of such Restricted Payment for which internal financial statements are in existence (or, in case such Consolidated Net Income is a deficit, minus 100% of such deficit); 

(ii) 100% of the aggregate Net Cash Proceeds, and the Fair Market Value (as determined by the Issuer’s Board of
Directors in good faith) of property or securities other than cash (including Capital Stock of Persons engaged primarily in the Oil and Gas Business or assets used in the Oil and Gas Business), in each case received by the Issuer from the issue or
sale of its Capital Stock (other than Disqualified Stock) or other capital contributions subsequent to December 1, 2005 (other than Net Cash Proceeds received from an issuance or sale of such Capital Stock to (x) management, employees,
directors or any direct or indirect parent of the Issuer, to the extent such Net Cash Proceeds have been used to make a Restricted Payment pursuant to clause (5)(a) of the next succeeding paragraph, (y) a Subsidiary of the Issuer or
(z) an employee stock ownership plan, option plan or similar trust (to the extent such sale to an employee stock ownership plan, option plan or similar trust is financed by loans from or Guaranteed by the Issuer or any Restricted Subsidiary
unless such loans have been repaid with cash on or prior to the date of determination)); 
 (iii) the amount by
which Indebtedness of the Issuer or its Restricted Subsidiaries is reduced on the Issuer’s balance sheet upon the conversion or exchange (other than by a Wholly-Owned Subsidiary of the Issuer) subsequent to December 1, 2005 of any
Indebtedness of the Issuer or its Restricted Subsidiaries convertible or exchangeable for Capital Stock (other than Disqualified Stock) of the Issuer (less the amount of any cash, or the Fair Market Value of any other property (other than such
Capital Stock), distributed by the Issuer upon such conversion or exchange), together with the net proceeds, if any, received by the Issuer or any of its Restricted Subsidiaries upon such conversion or exchange; and 

(iv) the amount equal to the aggregate net reduction in Restricted Investments made by the Issuer or any of its Restricted
Subsidiaries in any Person resulting from: 
 (A) repurchases, repayments or redemptions of such Restricted
Investments by such Person, proceeds realized upon the sale of such Restricted Investment (other than to a Subsidiary of the Issuer), repayments of loans or advances or other transfers of assets (including by way of dividend or distribution) by such
Person to the Issuer or any Restricted Subsidiary; 
  

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 (B) the redesignation of Unrestricted Subsidiaries as Restricted
Subsidiaries (valued in each case as provided in the definition of “Investment”) not to exceed, in the case of any Unrestricted Subsidiary, the amount of Investments previously made by the Issuer or any Restricted Subsidiary in such
Unrestricted Subsidiary, which amount in each case under this clause (iv) was included in the calculation of the amount of Restricted Payments; provided, however, that no amount will be included under this clause (iv) to the extent
it is already included in Consolidated Net Income; and 
 (C) the sale (other than to the Issuer or a Restricted
Subsidiary) of the Capital Stock of an Unrestricted Subsidiary or a distribution from an Unrestricted Subsidiary or a dividend from an Unrestricted Subsidiary. 

The provisions of the preceding paragraph will not prohibit: 

(1) any Restricted Payment made by exchange for, or out of the proceeds of the substantially concurrent sale of, Capital
Stock of the Issuer (other than Disqualified Stock and other than Capital Stock issued or sold to a Subsidiary or an employee stock ownership plan or similar trust to the extent such sale to an employee stock ownership plan or similar trust is
financed by loans from or Guaranteed by the Issuer or any Restricted Subsidiary unless such loans have been repaid with cash on or prior to the date of determination) or a substantially concurrent cash capital contribution received by the Issuer
from its shareholders; provided, however, that (a) such Restricted Payment will be excluded from subsequent calculations of the amount of Restricted Payments and (b) the Net Cash Proceeds from such sale of Capital Stock or capital
contribution will be excluded from clause (c)(ii) of the preceding paragraph; 
 (2) any purchase, repurchase,
redemption, defeasance or other acquisition or retirement of Subordinated Obligations of the Issuer or Guarantor Subordinated Obligations of any Subsidiary Guarantor made by exchange for, or out of the proceeds of the substantially concurrent sale
of, Subordinated Obligations of the Issuer or any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Guarantor Subordinated Obligations made by exchange for or out of the proceeds of the substantially concurrent sale
of Guarantor Subordinated Obligations that, in each case, is permitted to be Incurred pursuant to Section 4.12; provided, however, that such purchase, repurchase, redemption, defeasance, acquisition or retirement will be excluded from
subsequent calculations of the amount of Restricted Payments; 
 (3) any purchase, repurchase, redemption,
defeasance or other acquisition or retirement of Disqualified Stock of the Issuer or a Restricted Subsidiary made by exchange for or out of the proceeds of the substantially concurrent sale of Disqualified Stock of the Issuer or such Restricted
Subsidiary, as the case may be, that, in each case, is permitted to be Incurred pursuant to Section 4.12; provided, however, that such purchase, repurchase, redemption, defeasance, acquisition or retirement will be excluded from
subsequent calculations of the amount of Restricted Payments; 
  

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 (4) dividends paid or distributions made within 60 days after the date of
declaration if at such date of declaration such dividend or distribution would have complied with this Section 4.10; provided, however, that such dividends and distributions will be included in subsequent calculations of the amount of
Restricted Payments; and provided further, however, that for purposes of clarification, this clause (4) shall not include cash payments in lieu of the issuance of fractional shares included in clause (9) below; 

(5) (a)(i) the purchase, redemption or other acquisition, cancellation or retirement for value (each, a
“Purchase”) of phantom stock under the Phantom Stock Plan held by any existing or former employees, management or directors of Parent, the Issuer or any Subsidiary of the Issuer or their assigns, estates or heirs, in each case in
connection with the repurchase provisions under the Phantom Stock Plan; or (ii) so long as no Default has occurred and is continuing, the Purchase of Capital Stock, or options, warrants, equity appreciation rights or other rights to purchase or
acquire Capital Stock of Parent, the Issuer or any Restricted Subsidiary (other than Purchases covered by subclause (a)(i) above) held by any existing or former employees, management or directors of Parent, the Issuer or any Subsidiary of the Issuer
or their assigns, estates or heirs, in each case in connection with the repurchase provisions under employee stock option or stock purchase agreements or other agreements to compensate management, employees or directors; provided that such
redemptions or repurchases pursuant to this subclause (a)(ii) during any calendar year will not exceed $5.0 million in the aggregate (with unused amounts in any calendar year being carried over to succeeding calendar years subject to a maximum
(without giving effect to the immediately following proviso) of $7.0 million in any calendar year); provided further, that such amount in any calendar year may be increased by an amount not to exceed (A) the cash proceeds received by the
Issuer from the sale of Capital Stock of the Issuer to members of management or directors of the Issuer and its Restricted Subsidiaries that occurs after the Issue Date (to the extent the cash proceeds from the sale of such Capital Stock have not
otherwise been applied to the payment of Restricted Payments by virtue of the clause (c) of the preceding paragraph), plus (B) the cash proceeds of key man life insurance policies received by the Issuer and its Restricted Subsidiaries
after the Issue Date, less (C) the amount of any Restricted Payments made pursuant to clauses (A) and (B) of this clause (5)(a); provided further, however, that the amount of any such repurchase or redemption under each of
subclauses (a)(i) and (a)(ii) will be excluded in subsequent calculations of the amount of Restricted Payments and the proceeds received from any such sale will be excluded from clause (c)(ii) of the preceding paragraph; and 

(b) the cancellation of loans or advances to employees or directors of the Issuer or any Subsidiary of the Issuer the
proceeds of which are used to purchase Capital Stock of the Issuer, in an aggregate amount not in excess of $2.0 million at any one time outstanding; provided, however, that the Issuer and its Subsidiaries will comply in all material respects
with all applicable provisions of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith in connection with such loans or advances; provided, further, that the amount of such cancelled loans and
advances will be included in subsequent calculations of the amount of Restricted Payments; 
 (6) repurchases,
redemptions or other acquisitions or retirements for value of Capital Stock deemed to occur upon the exercise of stock options, warrants, rights to acquire Capital Stock or other convertible securities if such Capital Stock represents a portion of
the exercise or exchange price thereof, and any repurchases, redemptions or other acquisitions or retirements for value of Capital Stock made in lieu of withholding taxes in connection with any exercise or exchange of warrants, options or rights to
acquire Capital Stock; provided, however, that such repurchases will be excluded from subsequent calculations of the amount of Restricted Payments; 
  

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 (7) the purchase, repurchase, redemption, defeasance or other acquisition or
retirement for value of any Subordinated Obligation (i) at a purchase price not greater than 101% of the principal amount of such Subordinated Obligation in the event of a Change of Control in accordance with provisions similar to
Section 4.15 or (ii) at a purchase price not greater than 100% of the principal amount thereof in accordance with provisions similar to Section 4.16; provided that, prior to or simultaneously with such purchase, repurchase,
redemption, defeasance or other acquisition or retirement, the Issuer has made the Change of Control Offer or Asset Disposition Offer, as applicable, as provided in such section with respect to the Notes and has completed the repurchase or
redemption of all Notes validly tendered for payment in connection with such Change of Control Offer or Asset Disposition Offer; provided, however, that such repurchases will be included in subsequent calculations of the amount of Restricted
Payments; 
 (8) payments or distributions to dissenting stockholders pursuant to applicable law or in connection
with the settlement or other satisfaction of legal claims made pursuant to or in connection with a consolidation, merger or transfer of assets; provided, however, that any payment pursuant to this clause (8) shall be included in the
calculation of the amount of Restricted Payments; 
 (9) cash payments in lieu of the issuance of fractional
shares; provided, however, that any payment pursuant to this clause (9) shall be excluded in the calculation of the amount of Restricted Payments; 

(10) Permitted Payments to Parent; and 

(11) Restricted Payments in an amount not to exceed $25.0 million at any one time outstanding; provided, however,
that the amount of such Restricted Payments will be included in subsequent calculations of the amount of Restricted Payments. 

The amount of all Restricted Payments (other than cash) shall be the Fair Market Value on the date of such Restricted Payment of the
asset(s) or securities proposed to be paid, transferred or issued by the Issuer or such Restricted Subsidiary, as the case may be, pursuant to such Restricted Payment. The Fair Market Value of any cash Restricted Payment shall be its face amount and
the Fair Market Value of any non-cash Restricted Payment shall be determined conclusively by the Board of Directors of the Issuer acting in good faith whose resolution with respect thereto shall be delivered to the Trustee, such determination to be
based upon an opinion or appraisal issued by an accounting, appraisal or investment banking firm of national standing if such Fair Market Value is estimated in good faith by the Board of Directors of the Issuer to exceed $25.0 million. Not later
than the date of making any Restricted Payment, the Issuer shall deliver to the Trustee an Officers’ Certificate stating that such Restricted Payment is permitted and setting forth the basis upon which the calculations required by
Section 4.10 were computed, together with a copy of any fairness opinion or appraisal required by this Indenture. 
 As of
the Issue Date, all of the Issuer’s Subsidiaries will be Restricted Subsidiaries other than Chaparral Biofuels, L.L.C. and Oklahoma Ethanol L.L.C. The Issuer will not permit any Unrestricted Subsidiary to become a Restricted Subsidiary except
pursuant to the last sentence of the definition of “Unrestricted Subsidiary.” For purpose of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding Investments by the Issuer and its Restricted Subsidiaries
(except to the extent repaid) in the Subsidiary so designated will be deemed to be Restricted Payments in an amount determined as set forth in the last sentence of the definition of “Investment.” Such designation will be permitted only if
a Restricted Payment in such amount would be permitted at such time, whether pursuant to the first paragraph of this Section 4.10 or under clause (11) of the second paragraph of this Section 4.10, or pursuant to the definition of
“Permitted Investments,” and if such Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. Unrestricted Subsidiaries will not be subject to any of the restrictive covenants set forth in this Indenture. 

 

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 SECTION 4.11. Limitations on Affiliate Transactions. 

The Issuer will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into, make, amend or conduct
any transaction (including making a payment to, the purchase, sale, lease or exchange of any property or the rendering of any service), contract, agreement or understanding with or for the benefit of any Affiliate of the Issuer (an
“Affiliate Transaction”) unless: 
 (1) the terms of such Affiliate Transaction are no
less favorable to the Issuer or such Restricted Subsidiary, as the case may be, than those that could be obtained in a comparable transaction at the time of such transaction in arm’s-length dealings with a Person who is not such an Affiliate;

 (2) if such Affiliate Transaction involves an aggregate consideration in excess of $5.0 million, the terms of
such transaction have been approved by a majority of the members of the Board of Directors of the Issuer and by a majority of the members of such Board having no personal stake in such transaction, if any (and such majority or majorities, as the
case may be, determines that such Affiliate Transaction satisfies the criteria in clause (1) above); and 

(3) if such Affiliate Transaction involves an aggregate consideration in excess of $25.0 million, the Board of Directors
of the Issuer has received a written opinion from an independent investment banking, accounting or appraisal firm of nationally recognized standing that such Affiliate Transaction is fair, from a financial standpoint, to the Issuer or such
Restricted Subsidiary or is not materially less favorable than those that could reasonably be expected to be obtained in a comparable transaction at such time on an arm’s-length basis from a Person that is not an Affiliate. 

The preceding paragraph will not apply to: 

(1) any Restricted Payment permitted to be made pursuant to Section 4.10; 

(2) any issuance of Capital Stock (other than Disqualified Stock), or other payments, awards or grants in cash, Capital
Stock (other than Disqualified Stock) or otherwise pursuant to, or the funding of, employment or severance agreements and other compensation arrangements, options to purchase Capital Stock (other than Disqualified Stock) of the Issuer, restricted
stock plans, long-term incentive plans, stock appreciation rights plans, participation plans or similar employee benefits plans and/or indemnity provided on behalf of officers and employees approved by the Board of Directors of the Issuer;

 (3) loans or advances to employees, officers or directors in the ordinary course of business of the Issuer or
any of its Restricted Subsidiaries; 
 (4) any transaction between the Issuer and a Restricted Subsidiary or
between Restricted Subsidiaries and Guarantees issued by the Issuer or a Restricted Subsidiary for the benefit of the Issuer or a Restricted Subsidiary, as the case may be, permitted under Section 4.12; 

(5) any transaction with a joint venture or other entity which would constitute an Affiliate Transaction solely because
the Issuer or a Restricted Subsidiary owns, directly or indirectly, an equity interest in or otherwise controls such joint venture or other entity; 
  

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 (6) the issuance or sale of any Capital Stock (other than Disqualified
Stock) of the Issuer or the receipt by the Issuer of any capital contribution from its shareholders; 
 (7)
indemnities of officers, directors and employees of the Issuer or any of its Restricted Subsidiaries permitted by charter documents or statutory provisions and any employment agreement or other employee compensation plan or arrangement entered into
in the ordinary course of business by the Issuer or any of its Restricted Subsidiaries; 
 (8) the payment of
reasonable compensation and fees paid to, and indemnity provided on behalf of, officers or directors of the Issuer or any Restricted Subsidiary; 

(9) the performance of obligations of the Issuer or any of its Restricted Subsidiaries under the terms of any agreement to
which the Issuer or any of its Restricted Subsidiaries is a party as of or on the Issue Date, as these agreements may be amended, modified, supplemented, extended or renewed from time to time; provided, however, that any future
amendment, modification, supplement, extension or renewal entered into after the Issue Date will be permitted to the extent that its terms are not materially more disadvantageous, taken as a whole, to the holders of the Notes than the terms of the
agreements in effect on the Issue Date; and 
 (10) transactions with customers, clients, suppliers, or
purchasers or sellers of goods or services, in each case in the ordinary course of business and otherwise in compliance with the terms of this Indenture which are fair to the Issuer and its Restricted Subsidiaries, in the reasonable determination of
the Board of Directors of the Issuer or the senior management thereof, or are on terms at least as favorable as might reasonably have been obtained at such time from an unaffiliated party. 

SECTION 4.12. Limitation on Incurrence of Indebtedness and Preferred Stock. 

The Issuer will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, Incur any Indebtedness (including
Acquired Indebtedness) and the Issuer will not permit any of its Restricted Subsidiaries to issue Preferred Stock; provided, however, that the Issuer may Incur Indebtedness and any of the Subsidiary Guarantors may Incur Indebtedness
and issue Preferred Stock if on the date thereof: 
 (1) the Consolidated Coverage Ratio for the Issuer and its
Restricted Subsidiaries is at least 2.00 to 1.00, determined on a pro forma basis (including a pro forma application of proceeds); and 

(2) no Default will have occurred or be continuing or would occur as a consequence of Incurring the Indebtedness or
transactions relating to such Incurrence. 
 The first paragraph of this Section 4.12 will not prohibit the Incurrence of
the following Indebtedness: 
 (1) Indebtedness of the Issuer Incurred pursuant to one or more Credit Facilities
in an aggregate amount not to exceed the greater of (a) $600.0 million less the aggregate amount of all permanent principal repayments since the Issue Date under a Credit Facility that are made under clause (3)(a) of the first paragraph of
Section 4.16, or (b) 30% of Adjusted Consolidated Net Tangible Assets determined as of the date of the Incurrence of such Indebtedness after giving effect to the application of the proceeds therefrom, in each case outstanding at any one
time; 
  

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 (2) Guarantees by the Issuer or Subsidiary Guarantors of Indebtedness of the
Issuer or a Subsidiary Guarantor, as the case may be, Incurred in accordance with the provisions of this Indenture; provided that in the event such Indebtedness that is being Guaranteed is a Subordinated Obligation or a Guarantor Subordinated
Obligation, then the related Guarantee shall be subordinated in right of payment to the Notes or the Subsidiary Guarantee to at least the same extent as the Indebtedness being Guaranteed, as the case may be; 

(3) Indebtedness of the Issuer owing to and held by any Restricted Subsidiary or Indebtedness of a Restricted Subsidiary
owing to and held by the Issuer or any Restricted Subsidiary; provided, however, that (i) any subsequent issuance or transfer of Capital Stock or any other event which results in any such Indebtedness being held by a Person other than
the Issuer or a Restricted Subsidiary of the Issuer and (ii) any sale or other transfer of any such Indebtedness to a Person other than the Issuer or a Restricted Subsidiary of the Issuer shall be deemed, in each case, to constitute an
Incurrence of such Indebtedness by the Issuer or such Subsidiary, as the case may be; 
 (4) Indebtedness
represented by (a) the Notes issued on the Issue Date, and the related exchange notes issued in a registered exchange offer (or shelf registration) pursuant to the Registration Rights Agreement, and all Subsidiary Guarantees, (b) any
Indebtedness (other than the Indebtedness described in clauses (1), (2) and (4)(a)) outstanding on the Issue Date (including the Existing Senior Notes) and (c) any Refinancing Indebtedness Incurred in respect of any Indebtedness
described in this clause (4) or clause (5) or Incurred pursuant to the first paragraph of this Section 4.12; 

(5) Indebtedness of a Person that becomes a Restricted Subsidiary or is acquired by the Issuer or a Restricted Subsidiary
or merged into the Issuer or a Restricted Subsidiary in accordance with this Indenture and outstanding on the date on which such Person became a Restricted Subsidiary or was acquired by or was merged into the Issuer or such Restricted Subsidiary
(other than Indebtedness Incurred (a) to provide all or any portion of the funds utilized to consummate the transaction or series of related transactions pursuant to which such Person became a Restricted Subsidiary or was otherwise acquired by
or was merged into the Issuer or a Restricted Subsidiary or (b) otherwise in connection with, or in contemplation of, such acquisition); provided, however, that at the time such Person becomes a Restricted Subsidiary or is acquired by or
was merged into the Issuer or a Restricted Subsidiary, the Issuer would have been able to Incur $1.00 of additional Indebtedness pursuant to the first paragraph of this Section 4.12 after giving effect to the Incurrence of such Indebtedness
pursuant to this clause (5); 
 (6) the Incurrence by the Issuer or any Restricted Subsidiary of Indebtedness
represented by Capitalized Lease Obligations, mortgage financings or purchase money obligations, in each case Incurred for the purpose of financing all or any part of the purchase price or cost of construction or improvements or carrying costs of
property used in the business of the Issuer or such Restricted Subsidiary, and Refinancing Indebtedness Incurred to Refinance any Indebtedness Incurred pursuant to this clause (6) in an aggregate outstanding principal amount which, when taken
together with the principal amount of all other Indebtedness Incurred pursuant to this clause (6) and then outstanding, will not exceed $35.0 million at any time outstanding; 

(7) Indebtedness Incurred in respect of (a) self-insurance obligations, bid, appeal, reimbursement, performance,
surety and similar bonds and completion guarantees provided by the Issuer or a Restricted Subsidiary in the ordinary course of business and any Guarantees or letters of credit functioning as or supporting any of the foregoing bonds or obligations
and 
  

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(b) obligations represented by letters of credit for the account of the Issuer or a Restricted Subsidiary in order to provide security for workers’ compensation claims (in the case of
clauses (a) and (b) other than for an obligation for money borrowed); 
 (8) Capital Stock (other than
Disqualified Stock) of the Issuer or of any of the Subsidiary Guarantors; 
 (9) Indebtedness, including
Refinancing Indebtedness, Incurred by a Foreign Subsidiary in an aggregate amount not to exceed 15% of such Foreign Subsidiary’s Adjusted Consolidated Net Tangible Assets at any time outstanding; 

(10) any Guarantee by the Issuer or any Restricted Subsidiary that directly owns Capital Stock of an Unrestricted
Subsidiary that is recourse only to, or secured only by, such Capital Stock; and 
 (11) in addition to the items
referred to in clauses (1) through (10) above, Indebtedness of the Issuer and its Subsidiary Guarantors in an aggregate outstanding principal amount which, when taken together with the principal amount of all other Indebtedness Incurred
pursuant to this clause (11) and then outstanding, will not exceed $35.0 million at any time outstanding. 
 For purposes
of determining compliance with, and the outstanding principal amount of any particular Indebtedness Incurred pursuant to and in compliance with, this Section 4.12: 

(1) in the event an item of that Indebtedness meets the criteria of more than one of the types of Indebtedness described
in the first and second paragraphs of this Section 4.12, the Issuer, in its sole discretion, will classify such item of Indebtedness on the date of Incurrence and, subject to clause (2) below may later reclassify such item of Indebtedness
and only be required to include the amount and type of such Indebtedness in one of such clauses; 
 (2) all
Indebtedness outstanding on the date of this Indenture under the Senior Secured Credit Agreement shall be deemed Incurred on the Issue Date under clause (1) of the second paragraph of this Section 4.12; 

(3) Guarantees of, or obligations in respect of letters of credit supporting, Indebtedness which is otherwise included in
the determination of a particular amount of Indebtedness shall not be included; 
 (4) if obligations in respect
of letters of credit are Incurred pursuant to a Credit Facility and are being treated as Incurred pursuant to clause (1) of the second paragraph above and the letters of credit relate to other Indebtedness, then such other Indebtedness shall
not be included; 
 (5) the principal amount of any Disqualified Stock of the Issuer or a Restricted Subsidiary,
or Preferred Stock of a Restricted Subsidiary that is not a Subsidiary Guarantor, will be equal to the greater of the maximum mandatory redemption or repurchase price (not including, in either case, any redemption or repurchase premium) or the
liquidation preference thereof; 
 (6) Indebtedness permitted by this Section 4.12 need not be permitted
solely by reference to one provision permitting such Indebtedness but may be permitted in part by one such provision and in part by one or more other provisions of this Section 4.12 permitting such Indebtedness; and 

 

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 (7) the amount of Indebtedness issued at a price that is less than the
principal amount thereof will be equal to the amount of the liability in respect thereof determined in accordance with GAAP. 

Accrual of interest, accrual of dividends, the amortization of debt discount or the accretion of accreted value, the payment of interest
in the form of additional Indebtedness, the payment of dividends in the form of additional shares of Preferred Stock or Disqualified Stock and unrealized losses or charges in respect of Hedging Obligations (including those resulting from the
application of ASC Topic 815 — Derivatives and Hedging) will not be deemed to be an Incurrence of Indebtedness for purposes of this Section 4.12. The amount of any Indebtedness outstanding as of any date shall be (i) the accreted
value thereof in the case of any Indebtedness issued with original issue discount and (ii) the principal amount or liquidation preference thereof, together with any interest thereon that is more than 30 days past due, in the case of any other
Indebtedness. 
 If at any time an Unrestricted Subsidiary becomes a Restricted Subsidiary, any Indebtedness of such Subsidiary
shall be deemed to be Incurred by a Restricted Subsidiary as of such date (and, if such Indebtedness is not permitted to be Incurred as of such date under this Section 4.12, the Issuer shall be in Default of this Section 4.12). 

For purposes of determining compliance with any U.S. dollar-denominated restriction on the Incurrence of Indebtedness, the U.S.
dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was Incurred, in the case of term Indebtedness, or first
committed, in the case of revolving credit Indebtedness; provided that if such Indebtedness is Incurred to refinance other Indebtedness denominated in a foreign currency, and such refinancing would cause the applicable U.S. dollar-denominated
restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such
Refinancing Indebtedness does not exceed the principal amount of such Indebtedness being refinanced. Notwithstanding any other provision of this Section 4.12, the maximum amount of Indebtedness that the Issuer may Incur pursuant to this
Section 4.12 shall not be deemed to be exceeded solely as a result of fluctuations in the exchange rate of currencies. The principal amount of any Indebtedness Incurred to refinance other Indebtedness, if Incurred in a different currency from
the Indebtedness being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in which such Refinancing Indebtedness is denominated that is in effect on the date of such refinancing. 

This Indenture will not treat (1) unsecured Indebtedness as subordinated or junior to secured Indebtedness merely because it is
unsecured or (2) senior Indebtedness as subordinated or junior to any other senior Indebtedness merely because it has a junior priority with respect to the same collateral. 

SECTION 4.13. Limitation on Restrictions on Distributions from Restricted Subsidiaries. 

The Issuer will not, and will not permit any Restricted Subsidiary to, create or otherwise cause or permit to exist or become effective
any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to: 
 (1) pay
dividends or make any other distributions on its Capital Stock or pay any Indebtedness or other obligations owed to the Issuer or any Restricted Subsidiary (it being understood that the priority of any Preferred Stock in receiving dividends or
liquidating distributions prior to dividends or liquidating distributions being paid on Common Stock shall not be deemed a restriction on the ability to make distributions on Capital Stock); 

 

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 (2) make any loans or advances to the Issuer or any Restricted Subsidiary
(it being understood that the subordination of loans or advances made to the Issuer or any Restricted Subsidiary to other Indebtedness Incurred by the Issuer or any Restricted Subsidiary shall not be deemed a restriction on the ability to make loans
or advances); or 
 (3) sell, lease or transfer any of its property or assets to the Issuer or any Restricted
Subsidiary. 
 The preceding provisions will not prohibit: 

(i) any encumbrance or restriction pursuant to or by reason of an agreement in effect at or entered into on the Issue
Date, including, without limitation, this Indenture in effect on such date; 
 (ii) any encumbrance or
restriction with respect to a Person pursuant to or by reason of an agreement relating to any Capital Stock or Indebtedness Incurred by a Person on or before the date on which such Person was acquired by the Issuer or another Restricted Subsidiary
(other than Capital Stock or Indebtedness Incurred as consideration in, or to provide all or any portion of the funds utilized to consummate, the transaction or series of related transactions pursuant to which such Person was acquired by the Issuer
or a Restricted Subsidiary or in contemplation of the transaction) and outstanding on such date; provided that any such encumbrance or restriction shall not extend to any assets or property of the Issuer or any other Restricted Subsidiary
other than the assets and property so acquired; 
 (iii) encumbrances and restrictions contained in contracts
entered into in the ordinary course of business, not relating to any Indebtedness, and that do not, individually or in the aggregate, detract from the value of, or from the ability of the Issuer and the Restricted Subsidiaries to realize the value
of, property or assets of the Issuer or any Restricted Subsidiary in any manner material to the Issuer or any Restricted Subsidiary; 

(iv) any encumbrance or restriction with respect to a Unrestricted Subsidiary pursuant to or by reason of an agreement
that the Unrestricted Subsidiary is a party to entered into before the date on which such Unrestricted Subsidiary became a Restricted Subsidiary; provided that such agreement was not entered into in anticipation of the Unrestricted Subsidiary
becoming a Restricted Subsidiary and any such encumbrance or restriction shall not extend to any assets or property of the Issuer or any other Restricted Subsidiary other than the assets and property so acquired; 

(v) with respect to any Foreign Subsidiary, any encumbrance or restriction contained in the terms of any Indebtedness or
any agreement pursuant to which such Indebtedness was Incurred if: 
 (a) either (1) the encumbrance or
restriction applies only in the event of a payment default or a default with respect to a financial covenant in such Indebtedness or agreement or (2) the Issuer determines that any such encumbrance or restriction will not materially affect the
Issuer’s ability to make principal or interest payments on the Notes, as determined in good faith by the Board of Directors of the Issuer, whose determination shall be conclusive; and 

 

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 (b) the encumbrance or restriction is not materially more disadvantageous
to the holders of the Notes than is customary in comparable financing (as determined by the Issuer); 
 (vi) any
encumbrance or restriction with respect to a Restricted Subsidiary pursuant to an agreement effecting a refunding, replacement or refinancing of Indebtedness Incurred pursuant to an agreement referred to in clauses (i) through (v) or
clause (xii) of this paragraph or this clause (vi) or contained in any amendment, restatement, modification, renewal, supplemental, refunding, replacement or refinancing of an agreement referred to in clauses (i) through (v) or
clause (xii) of this paragraph or this clause (vi); provided, however, that the encumbrances and restrictions with respect to such Restricted Subsidiary contained in any such agreement taken as a whole are no less favorable in any
material respect to the holders of the Notes than the encumbrances and restrictions contained in such agreements referred to in clauses (i) through (v) or clause (xii) of this paragraph on the Issue Date or the date such Restricted
Subsidiary became a Restricted Subsidiary or was merged into a Restricted Subsidiary, whichever is applicable; 

(vii) in the case of clause (3) of the first paragraph of this Section 4.13, any encumbrance or restriction:

 (a) that restricts in a customary manner the subletting, assignment or transfer of any property or asset that
is subject to a lease (including leases governing leasehold interests or farm-in agreements or farm-out agreements relating to leasehold interests in oil and gas properties), license or similar contract, or the assignment or transfer of any such
lease (including leases governing leasehold interests or farm-in agreements or farm-out agreements relating to leasehold interests in oil and gas properties), license or other contract; 

(b) contained in mortgages, pledges or other security agreements permitted under this Indenture securing Indebtedness of
the Issuer or a Restricted Subsidiary to the extent such encumbrances or restrictions restrict the transfer of the property subject to such mortgages, pledges or other security agreements; 

(c) pursuant to customary provisions restricting dispositions of real property interests set forth in any reciprocal
easement agreements of the Issuer or any Restricted Subsidiary; 
 (d) restrictions on cash or other deposits
imposed by customers under contracts entered into in the ordinary course of business; or 
 (e) provisions with
respect to the disposition or distribution of assets or property in operating agreements, joint venture agreements, development agreements, area of mutual interest agreements and other agreements that are customary in the Oil and Gas Business and
entered into in the ordinary course of business; 
 (viii) (a) purchase money obligations for property
acquired in the ordinary course of business and (b) Capitalized Lease Obligations permitted under this Indenture, in each case, that impose encumbrances or restrictions of the nature described in clause (3) of the first paragraph of this
Section 4.13 on the property so acquired; 
 (ix) any encumbrance or restriction with respect to a
Restricted Subsidiary (or any of its property or assets) imposed pursuant to an agreement entered into for the direct or indirect 

 

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sale or disposition of all or substantially all the Capital Stock or assets of such Restricted Subsidiary (or the property or assets that are subject to such restriction) pending the closing of
such sale or disposition; 
 (x) any customary encumbrances or restrictions imposed pursuant to any agreement of
the type described in the definition of “Permitted Business Investment”; 
 (xi) encumbrances or
restrictions arising or existing by reason of applicable law or any applicable rule, regulation or order; and 

(xii) the Senior Secured Credit Agreement as in effect as of the Issue Date, and any amendments, modifications,
restatements, renewals, increases, supplements, refundings, replacements or refinancings thereof, provided that such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are no
more restrictive with respect to such dividend and other payment restrictions than those contained in the Senior Secured Credit Agreement as in effect on the Issue Date. 

SECTION 4.14. Payments for Consents. 

Neither the Issuer nor any of its Restricted Subsidiaries will, directly or indirectly, pay or cause to be paid any consideration, whether
by way of interest, fees or otherwise, to any Holder for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture or the Notes unless such consideration is offered to be paid or is paid to all
Holders that consent, waive or agree to amend in the time frame set forth in the solicitation documents relating to such consent, waiver or amendment. 

SECTION 4.15. Change of Control. 

If a Change of Control occurs, unless the Issuer has previously or concurrently exercised its right to redeem all of the Notes pursuant to
Section 3.3, each Holder will have the right to require the Issuer to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 thereafter) of such Holder’s Notes at a purchase price in cash equal to 101% of the
principal amount of the Notes plus accrued and unpaid interest, if any, and Liquidated Damages, if any, to the date of purchase (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest
payment date). 
 Within 30 days following any Change of Control, unless the Issuer has previously or concurrently exercised its
right to redeem all of the Notes pursuant to Section 3.3, the Issuer will mail a notice (the “Change of Control Offer”) to each Holder, with a copy to the Trustee, stating: 

(1) that a Change of Control has occurred and that such Holder has the right to require the Issuer to purchase such
Holder’s Notes at a purchase price in cash equal to 101% of the principal amount of such Notes plus accrued and unpaid interest, if any, and Liquidated Damages, if any, to the date of purchase (subject to the right of holders of record on a
record date to receive interest on the relevant interest payment date) (the “Change of Control Payment”); 

(2) the repurchase date (which shall be no earlier than 30 days nor later than 60 days from the date such notice is
mailed) (the “Change of Control Payment Date”); 
 (3) that any Note not properly tendered will
remain outstanding and continue to accrue interest; 
  

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 (4) that unless the Issuer defaults in the payment of the Change of Control
Payment, all Notes accepted for payment pursuant to the Change of Control Offer will cease to accrue interest on the Change of Control Payment Date; 

(5) that Holders electing to have any Notes purchased pursuant to a Change of Control Offer will be required to surrender
such Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of such Notes completed, to the paying agent specified in the notice at the address specified in the notice prior to the close of business on the third
Business Day preceding the Change of Control Payment Date; 
 (6) that Holders will be entitled to withdraw their
tendered Notes and their election to require the Issuer to purchase such Notes, provided that the paying agent receives, not later than the close of business on the third Business Day preceding the Change of Control Payment Date, a telegram,
telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of Notes tendered for purchase, and a statement that such Holder is withdrawing its tendered Notes and its election to have such Notes purchased;

 (7) that if the Issuer is redeeming less than all of the Notes, the Holders of the remaining Notes will be
issued new Notes and such new Notes will be equal in principal amount to the unpurchased portion of the Notes surrendered. The unpurchased portion of the Notes must be equal to $2,000 or an integral multiple of $1,000 thereafter; and 

(8) the procedures determined by the Issuer, consistent with this Indenture, that a Holder must follow in order to have
its Notes repurchased. 
 On the Change of Control Payment Date, the Issuer will, to the extent lawful: 

(1) accept for payment all Notes or portions of Notes (of at least $2,000 or an integral multiple of $1,000 thereafter)
properly tendered pursuant to the Change of Control Offer; 
 (2) deposit with the paying agent an amount equal
to the Change of Control Payment in respect of all Notes or portions of Notes properly tendered and not properly withdrawn; and 

(3) deliver or cause to be delivered to the Trustee the Notes so accepted together with an Officers’ Certificate
stating the aggregate principal amount of Notes or portions of Notes being purchased by the Issuer. 
 The paying agent will
promptly mail to each Holder properly tendered and not properly withdrawn the Change of Control Payment for such Notes, and, upon receipt of an Authentication Order in accordance with Section 2.2 hereof, the Trustee will promptly authenticate
and mail (or cause to be transferred by book entry) to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each such new Note will be in a principal amount of $2,000 or an
integral multiple of $1,000 thereafter. 
 If the Change of Control Payment Date is on or after an interest record date and on
or before the related interest payment date, any accrued and unpaid interest, and Liquidated Damages, if any, will be paid to the Person in whose name a Note is registered at the close of business on such record date, and no further interest will be
payable to holders who tender pursuant to the Change of Control Offer. 
 The Change of Control provisions described above will
be applicable whether or not any other provisions of this Indenture are applicable. Except as described above with respect to a Change of Control, this Indenture does not contain provisions that permit the Holders to require that the Issuer
repurchase or redeem the Notes in the event of a takeover, recapitalization or similar transaction. 
  

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 The Issuer will not be required to make a Change of Control Offer upon a Change of Control
if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to a Change of Control Offer made by the Issuer and purchases all Notes validly
tendered and not withdrawn under such Change of Control Offer. 
 The Issuer will comply, to the extent applicable, with the
requirements of Rule 14e-1 of the Exchange Act and any other securities laws or regulations in connection with the repurchase of Notes as a result of a Change of Control. To the extent that the provisions of any securities laws or regulations
conflict with provisions of this Indenture, or compliance with the Change of Control provisions of this Indenture would constitute a violation of any such laws or regulations, the Issuer will comply with the applicable securities laws and
regulations and will not be deemed to have breached its obligations described in this Indenture by virtue of its compliance with such securities laws or regulations. 

SECTION 4.16. Limitation on Sales of Assets and Subsidiary Stock. 

The Issuer will not, and will not permit any of its Restricted Subsidiaries to, make any Asset Disposition unless: 

(1) the Issuer or such Restricted Subsidiary, as the case may be, receives consideration at the time of such Asset
Disposition at least equal to the Fair Market Value (such Fair Market Value to be determined on the date of contractually agreeing to such Asset Disposition), as determined in good faith by the Board of Directors (including as to the value of all
non-cash consideration), of the shares and assets subject to such Asset Disposition; 
 (2) at least 75% of the
consideration received by the Issuer or such Restricted Subsidiary, as the case may be, from such Asset Disposition is in the form of cash or Cash Equivalents or Additional Assets, or any combination thereof; and 

(3) except as provided in the next paragraph an amount equal to 100% of the Net Available Cash from such Asset Disposition
is applied, within one year from the later of the date of such Asset Disposition or the receipt of such Net Available Cash, by the Issuer or such Restricted Subsidiary, as the case may be: 

(a) to the extent the Issuer or any Restricted Subsidiary, as the case may be, elects (or is required by the terms of any
Indebtedness) to prepay, repay, redeem or purchase Indebtedness of the Issuer under the Senior Secured Credit Agreement, any other Indebtedness of the Issuer or a Subsidiary Guarantor that is secured by a Lien permitted to be Incurred under this
Indenture or Indebtedness (other than Disqualified Stock) of any Wholly-Owned Subsidiary that is not a Subsidiary Guarantor; provided, however, that, in connection with any prepayment, repayment, redemption or purchase of Indebtedness
pursuant to this clause (a), the Issuer or such Restricted Subsidiary will retire such Indebtedness and will cause the related commitment (if any) to be permanently reduced in an amount equal to the principal amount so prepaid, repaid or purchased;
or 
 (b) to invest in Additional Assets; 

 

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provided that pending the final application of any such Net Available Cash in accordance with this Section 4.16, the Issuer and its Restricted Subsidiaries may temporarily reduce
Indebtedness or otherwise invest such Net Available Cash in any manner not prohibited by this Indenture. 
 Any Net Available
Cash from Asset Dispositions that is not applied or invested as provided in the preceding paragraph will be deemed to constitute “Excess Proceeds.” Not later than the day following the date that is one year from the later of the
date of such Asset Disposition or the receipt of such Net Available Cash, if the aggregate amount of Excess Proceeds exceeds $20.0 million, the Issuer will be required to make an offer (“Asset Disposition Offer”) to all Holders and
to the extent required by the terms of other Pari Passu Indebtedness, to all holders of other Pari Passu Indebtedness outstanding with similar provisions requiring the Issuer to make an offer to purchase such Pari Passu Indebtedness with the
proceeds from any Asset Disposition (“Pari Passu Notes”), to purchase the maximum principal amount of Notes and any such Pari Passu Notes to which the Asset Disposition Offer applies that may be purchased out of the Excess Proceeds,
at an offer price in cash in an amount equal to 100% of the principal amount (or, in the event such Pari Passu Indebtedness of the Issuer was issued with significant original issue discount, 100% of the accreted value thereof) of the Notes and Pari
Passu Notes plus accrued and unpaid interest and Liquidated Damages, if any, (or in respect of such Pari Passu Indebtedness, such lesser price, if any, as may be provided for by the terms of such Indebtedness) to the date of purchase (subject to the
right of holders of record on the relevant record date to receive interest due on the relevant interest payment date), in accordance with the procedures set forth in this Indenture or the agreements governing the Pari Passu Notes, as applicable, in
each case in denominations of at least $2,000 or an integral multiple of $1,000 thereafter. If the aggregate principal amount of Notes surrendered by holders thereof and other Pari Passu Notes surrendered by holders or lenders, collectively, exceeds
the amount of Excess Proceeds, the Trustee shall select the Notes to be purchased on a pro rata basis on the basis of the aggregate principal amount of tendered Notes and Pari Passu Notes. To the extent that the aggregate amount of Notes and Pari
Passu Notes so validly tendered and not properly withdrawn pursuant to an Asset Disposition Offer is less than the Excess Proceeds, the Issuer may use any remaining Excess Proceeds for general corporate purposes, subject to the other covenants
contained in this Indenture. Upon completion of such Asset Disposition Offer, the amount of Excess Proceeds shall be reset at zero. 

The Asset Disposition Offer will remain open for a period of 20 Business Days following its commencement, except to the extent that a
longer period is required by applicable law (the “Asset Disposition Offer Period”). No later than five Business Days after the termination of the Asset Disposition Offer Period (the “Asset Disposition Purchase
Date”), the Issuer will purchase the principal amount of Notes and Pari Passu Notes required to be purchased pursuant to this Section 4.16 (the “Asset Disposition Offer Amount”) or, if less than the Asset Disposition
Offer Amount has been so validly tendered, all Notes and Pari Passu Notes validly tendered in response to the Asset Disposition Offer. 

If the Asset Disposition Purchase Date is on or after an interest record date and on or before the related interest payment date, any
accrued and unpaid interest and Liquidated Damages, if any, will be paid to the Person in whose name a Note is registered at the close of business on such record date, and no further interest or Liquidated Damages will be payable to holders who
tender Notes pursuant to the Asset Disposition Offer. 
 On or before the Asset Disposition Purchase Date, the Issuer will, to
the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Asset Disposition Offer Amount of Notes and Pari Passu Notes or portions of Notes and Pari Passu Notes so validly tendered and not properly withdrawn pursuant to
the Asset Disposition Offer, or if less than the Asset Disposition Offer Amount has been validly tendered and not properly withdrawn, all Notes and Pari Passu Notes so validly tendered 

 

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and not properly withdrawn, in each case in denominations of at least $2,000 or an integral multiple of $1,000 thereafter. The Issuer will deliver to the Trustee an Officers’ Certificate
stating that such Notes or portions thereof were accepted for payment by the Issuer in accordance with the terms of this Section 4.16 and, in addition, the Issuer will deliver all certificates and notes required, if any, by the agreements
governing the Pari Passu Notes. The Issuer or the paying agent, as the case may be, will promptly (but in any case not later than five Business Days after the termination of the Asset Disposition Offer Period) mail or deliver to each tendering
Holder or holder or lender of Pari Passu Notes, as the case may be, an amount equal to the purchase price of the Notes or Pari Passu Notes so validly tendered and not properly withdrawn by such holder or lender, as the case may be, and accepted by
the Issuer for purchase, and the Issuer will promptly issue a new Note, and the Trustee, upon delivery of an Officers’ Certificate from the Issuer, will authenticate and mail or deliver such new Note to such Holder, in a principal amount equal
to any unpurchased portion of the Note surrendered; provided that each such new Note will be in a principal amount of $2,000 or an integral multiple of $1,000 thereafter. In addition, the Issuer will take any and all other actions required by
the agreements governing the Pari Passu Notes. Any Note not so accepted will be promptly mailed or delivered by the Issuer to the Holder thereof. The Issuer will publicly announce the results of the Asset Disposition Offer on the Asset Disposition
Purchase Date. 
 The Issuer will comply, to the extent applicable, with the requirements of Rule 14e-1 of the Exchange Act and
any other securities laws or regulations in connection with the repurchase of Notes pursuant to this Indenture. To the extent that the provisions of any securities laws or regulations conflict with provisions of this Section 4.16, the Issuer
will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Indenture by virtue of its compliance with such securities laws or regulations. 

For the purposes of clause (2) of the first paragraph of this Section 4.16, the following will be deemed to be cash:

 (1) the assumption by the transferee of Indebtedness (other than Subordinated Obligations or Disqualified
Stock) of the Issuer or Indebtedness of a Restricted Subsidiary (other than Guarantor Subordinated Obligations or Disqualified Stock of any Restricted Subsidiary that is a Subsidiary Guarantor) and the release of the Issuer or such Restricted
Subsidiary from all liability on such Indebtedness in connection with such Asset Disposition (or in lieu of such a release, the agreement of the acquirer or its parent company to indemnify and hold the Issuer or such Restricted Subsidiary harmless
from and against any loss, liability or cost in respect of such assumed Indebtedness; provided, however, that such indemnifying party (or its long term debt securities) shall have an Investment Grade Rating (with no indication of a
negative outlook or credit watch with negative implications, in any case, that contemplates such indemnifying party (or its long term debt securities) failing to have an Investment Grade Rating), in which case the Issuer will, without further
action, be deemed to have applied such deemed cash to Indebtedness in accordance with clause (3)(a) of the first paragraph of this Section 4.16; and 

(2) securities, notes or other obligations received by the Issuer or any Restricted Subsidiary from the transferee that
are converted by the Issuer or such Restricted Subsidiary into cash within 90 days after receipt thereof. 
 Notwithstanding the
foregoing, the 75% limitation referred to in clause (2) of the first paragraph of this Section 4.16 shall be deemed satisfied with respect to any Asset Disposition in which the cash or Cash Equivalents portion of the consideration received
therefrom, determined in accordance with the foregoing provision on an after-tax basis, is equal to or greater than what the after-tax proceeds would have been had such Asset Disposition complied with the aforementioned 75% limitation. 

 

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 The requirement of clause (3)(b) of the first paragraph of this Section 4.16 above
shall be deemed to be satisfied if an agreement (including a lease, whether a capital lease or an operating lease) committing to make the acquisitions or expenditures referred to therein is entered into by the Issuer or its Restricted Subsidiary
within the specified time period and such Net Available Cash is subsequently applied in accordance with such agreement within six months following such agreement. 

SECTION 4.17. [INTENTIONALLY OMITTED]. 

SECTION 4.18. Limitation on Liens. 

The Issuer will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create, Incur or suffer to exist
any Lien (the “Initial Lien”) other than Permitted Liens upon any of its property or assets (including Capital Stock of Restricted Subsidiaries), including any income or profits therefrom, whether owned on the date of this Indenture
or acquired after that date, which Lien is securing any Indebtedness, unless contemporaneously with the Incurrence of such Liens effective provision is made to secure the Indebtedness due under the Notes or, in respect of Liens on any Restricted
Subsidiary’s property or assets, any Subsidiary Guarantee of such Restricted Subsidiary, equally and ratably with (or senior in priority to in the case of Liens with respect to Subordinated Obligations or Guarantor Subordinated Obligations, as
the case may be) the Indebtedness secured by such Lien for so long as such Indebtedness is so secured. 
 Any Lien created for
the benefit of the holders of the Notes pursuant to the preceding paragraph shall provide by its terms that such Lien shall be automatically and unconditionally released and discharged upon the release and discharge of the Initial Lien. 

SECTION 4.19. Limitation on Lines of Business. 

The Issuer will not, and will not permit any Restricted Subsidiary to, engage in any business other than the Oil and Gas Business, except
to the extent as would not be material to the Issuer and its Restricted Subsidiaries taken as a whole. 
 SECTION 4.20.
Additional Subsidiary Guarantees. 
 If any of the Issuer’s Restricted Subsidiaries that is not a
Subsidiary Guarantor other than a Foreign Subsidiary incurs or guarantees any Indebtedness, then the Issuer shall cause such Restricted Subsidiary to become within 60 days a Subsidiary Guarantor; provided that any Restricted Subsidiary that
constitutes an Immaterial Subsidiary need not become a Subsidiary Guarantor until such time as it ceases to be an Immaterial Subsidiary. If required to become a Subsidiary Guarantor pursuant to the immediately preceding sentence, such transferee or
acquired or other Restricted Subsidiary shall: 
 (1) execute and deliver to the Trustee a supplemental indenture
in form reasonably satisfactory to the Trustee pursuant to which such Restricted Subsidiary shall unconditionally guarantee all of the Issuer’s obligations under the Notes and this Indenture on the terms set forth in this Indenture; and

 (2) deliver to the Trustee an Opinion of Counsel that such supplemental indenture has been duly authorized,
executed and delivered by such Restricted Subsidiary and constitutes a legal, valid, binding and enforceable obligation of such Restricted Subsidiary. Thereafter, such Restricted Subsidiary shall be a Subsidiary Guarantor for all purposes of this
Indenture. 
  

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 ARTICLE V. 

SUCCESSOR CORPORATION 

SECTION 5.1. Merger, Consolidation and Sale of Assets. 

The Issuer will not consolidate with or merge with or into or wind up into (whether or not the Issuer is the surviving corporation), or
convey, transfer or lease all or substantially all its assets in one or more related transactions to, any Person, unless: 

(1) the resulting, surviving or transferee Person (the “Successor Issuer”) will be a corporation,
partnership, trust or limited liability company organized and existing under the laws of the United States of America, any State of the United States or the District of Columbia and the Successor Issuer (if not the Issuer) will expressly assume, by
supplemental indenture, executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee, all the obligations of the Issuer under the Notes, this Indenture and the Registration Rights Agreement (if applicable); 

(2) immediately after giving effect to such transaction (and treating any Indebtedness that becomes an obligation of the
Successor Issuer or any Subsidiary of the Successor Issuer as a result of such transaction as having been Incurred by the Successor Issuer or such Subsidiary at the time of such transaction), no Default shall have occurred and be continuing;

 (3) immediately after giving effect to such transaction, the Successor Issuer would be able to Incur at least
an additional $1.00 of Indebtedness pursuant to the first paragraph of Section 4.12; 
 (4) each Subsidiary
Guarantor (unless it is the other party to the transactions above, in which case clause (1) shall apply) shall have by supplemental indenture confirmed that its Subsidiary Guarantee shall apply to such Person’s obligations in respect of
this Indenture and the Notes and its obligations under the Registration Rights Agreement (if applicable) shall continue to be in effect; and 

(5) the Issuer shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating
that such consolidation, merger or transfer and such supplemental indenture (if any) comply with this Indenture. 
 For purposes
of this Section 5.1, the sale, lease, conveyance, assignment, transfer, or other disposition of all or substantially all of the properties and assets of one or more Subsidiaries of the Issuer, which properties and assets, if held by the Issuer
instead of such Subsidiaries, would constitute all or substantially all of the properties and assets of the Issuer on a consolidated basis, shall be deemed to be the transfer of all or substantially all of the properties and assets of the Issuer.

 The Successor Issuer will succeed to, and be substituted for, and may exercise every right and power of, the Issuer under
this Indenture; and its predecessor Issuer, except in the case of a lease of all or substantially all its assets, will be released from the obligation to pay the principal of and interest on the Notes. 

Notwithstanding the preceding clause (3), (x) any Restricted Subsidiary may consolidate with, merge into or transfer all or part of
its properties and assets to the Issuer and the Issuer may consolidate 
  

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with, merge into or transfer all or part of its properties and assets to a Wholly-Owned Subsidiary and (y) the Issuer may merge with an Affiliate incorporated solely for the purpose of
reincorporating the Issuer in another jurisdiction; provided that, in the case of a Restricted Subsidiary that consolidates with, merges into or transfers all or part of its properties and assets to the Issuer, the Issuer will not be required
to comply with the preceding clause (5). 
 In addition, the Issuer will not permit any Subsidiary Guarantor to consolidate with
or merge with or into, and will not permit the conveyance, transfer or lease of substantially all of the assets of any Subsidiary Guarantor to, any Person (other than the Issuer or another Subsidiary Guarantor) unless: 

(1) (a) the resulting, surviving or transferee Person will be a corporation, partnership, trust or limited liability
company organized and existing under the laws of the United States of America, any State of the United States or the District of Columbia and such Person (if not such Subsidiary Guarantor) will expressly assume, by supplemental indenture, executed
and delivered to the Trustee, all the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee, (b) immediately after giving effect to such transaction (and treating any Indebtedness that becomes an obligation of the resulting,
surviving or transferee Person or any Restricted Subsidiary as a result of such transaction as having been Incurred by such Person or such Restricted Subsidiary at the time of such transaction), no Default shall have occurred and be continuing, and
(c) the Issuer shall have delivered to the Trustee an Officers’ Certificate and Opinion of Counsel each stating that such consolidation, merger or transfer and such supplemental indenture complies with this Indenture; or 

(2) the transaction is made in compliance with Section 4.16 and Section 12.4. 

SECTION 5.2. Successor Corporation Substituted. 

Upon any consolidation, combination or merger or any transfer of all or substantially all of the assets of the Issuer in accordance with
Section 5.1, in which the Issuer is not the continuing corporation, the successor Person formed by such consolidation or into which the Issuer is merged or to which such conveyance, lease or transfer is made shall succeed to, and be substituted
for, and may exercise every right and power of, the Issuer under this Indenture and the Notes with the same effect as if such surviving entity had been named as such. 

ARTICLE VI. 

REMEDIES 

SECTION 6.1. Events of Default. 

An “Event of Default” means any of the following events: 

(1) default in any payment of interest or Liquidated Damages on any Note when due, continued for 30 days; 

(2) default in the payment of principal of or premium, if any, on any Note when due at its Stated Maturity, upon optional
redemption, upon required repurchase, upon declaration of acceleration or otherwise; 
  

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 (3) failure by the Issuer or any Subsidiary Guarantor to comply with its
obligations under Section 5.1; 
 (4) failure by the Issuer to comply for 30 days after notice as provided
below with any of its obligations under Sections 4.8, 4.10, 4.11, 4.12, 4.13, 4.15, 4.16, 4.18, 4.19 or 4.20 above (in each case, other than a failure to purchase Notes which will constitute an Event of Default under clause (2) above and other
than a failure to comply with Section 5.1 which is covered by clause (3)); 
 (5) failure by the Issuer to
comply for 60 days after notice as provided below with its other agreements contained in this Indenture; 
 (6)
default under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness for money borrowed by the Issuer or any of its Restricted Subsidiaries (or the payment of which is
guaranteed by the Issuer or any of its Restricted Subsidiaries), other than Indebtedness owed to the Issuer or a Restricted Subsidiary, whether such Indebtedness or guarantee now exists, or is created after the date of this Indenture, which default:

 (a) is caused by a failure to pay principal of, or interest or premium, if any, on such Indebtedness prior to
the expiration of the grace period provided in such Indebtedness (and any extensions of any grace period) (“payment default”); or 

(b) results in the acceleration of such Indebtedness prior to its maturity; 

and, in each case, the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under
which there has been a payment default or the maturity of which has been so accelerated, aggregates $20.0 million or more; 

(7) (a) the Issuer or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted
Subsidiaries that, taken together, would constitute a Significant Subsidiary, pursuant to or within the meaning of any Bankruptcy Law: 

(i) commences proceedings to be adjudicated bankrupt or insolvent; 

(ii) consents to the institution of bankruptcy or insolvency proceedings against it, or the filing by it of a petition or
answer or consent seeking reorganization or relief under applicable Bankruptcy law; 
 (iii) consents to the
appointment of a receiver, liquidator, assignee, trustee, sequestrator or other similar official of it or for all or substantially all of its property; 

(iv) makes a general assignment for the benefit of its creditors; or 

(v) generally is not paying its debts as they become due; or 

(b) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(i) is for relief against the Issuer or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group
of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary, in a proceeding in which the Issuer or any such Restricted Subsidiaries, that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken
together, would constitute a Significant Subsidiary, is to be adjudicated bankrupt or insolvent; 
  

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 (ii) appoints a receiver, liquidator, assignee, trustee, sequestrator or
other similar official of the Issuer or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary, or for all or substantially all of
the property of the Issuer or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary; or 

(iii) orders the liquidation of the Issuer or any of its Restricted Subsidiaries that is a Significant Subsidiary or any
group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary; 
 and the order or decree
remains unstayed and in effect for 60 consecutive days; 
 (8) failure by the Issuer or any Significant
Subsidiary or group of Restricted Subsidiaries that, taken together (as of the latest audited consolidated financial statements for the Issuer and its Restricted Subsidiaries), would constitute a Significant Subsidiary to pay final judgments
aggregating in excess of $20.0 million (to the extent not covered by insurance by a reputable and creditworthy insurer as to which the insurer has not disclaimed coverage), which judgments are not paid or discharged, and there shall be any period of
60 consecutive days following entry of such final judgment or decree during which a stay of enforcement of such final judgment or decree, by reason of pending appeal or otherwise, shall not be in effect (the “judgment default
provision”); or 
 (9) any Subsidiary Guarantee of a Significant Subsidiary or group of Restricted
Subsidiaries that, taken together (as of the latest audited consolidated financial statements for the Issuer and its Restricted Subsidiaries) would constitute a Significant Subsidiary ceases to be in full force and effect (except as contemplated by
the terms of this Indenture) or is declared null and void in a judicial proceeding or any Subsidiary Guarantor that is a Significant Subsidiary or group of Subsidiary Guarantors that, taken together (as of the latest audited consolidated financial
statements of the Issuer and its Restricted Subsidiaries) would constitute a Significant Subsidiary denies or disaffirms its obligations under this Indenture or its Subsidiary Guarantee. 

However, a default under clauses (4) and (5) of this paragraph will not constitute an Event of Default until the Trustee or the holders of 25%
in principal amount of the outstanding Notes notify the Issuer in writing and, in the case of a notice given by the holders, the Trustee of the default and the Issuer does not cure such default within the time specified in clauses (4) and
(5) of this paragraph after receipt of such notice. 
 SECTION 6.2. Acceleration. 

If an Event of Default (other than an Event of Default described in clause (7) of Section 6.1) occurs and is continuing, the
Trustee by notice to the Issuer, or the holders of at least 25% in principal amount of the outstanding Notes by notice to the Issuer and the Trustee, may, and the Trustee at the request of such holders shall, declare the principal of, premium, if
any, accrued and unpaid interest, if 
  

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any, and Liquidated Damages, if any, on all the Notes to be due and payable. If an Event of Default described in clause (7) of Section 6.1 occurs and is continuing, the principal of,
premium, if any, accrued and unpaid interest and Liquidated Damages, if any, on all the Notes will become and be immediately due and payable without any declaration or other act on the part of the Trustee or any holders. The holders of a majority in
principal amount of the outstanding Notes may waive all past defaults (except with respect to nonpayment of principal, premium, interest or Liquidated Damages, if any) and rescind any such acceleration with respect to the Notes and its consequences
if (1) rescission would not conflict with any judgment or decree of a court of competent jurisdiction and (2) all existing Events of Default, other than the nonpayment of the principal of, premium, if any, and interest on the Notes that
have become due solely by such declaration of acceleration, have been cured or waived. 
 SECTION 6.3. Other
Remedies. 
 If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy by
proceeding at law or in equity to collect the payment of the principal of, premium and Liquidated Damages, if any, or interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. 

All rights of action and claims under this Indenture or the Notes may be enforced by the Trustee even if it does not possess any of the
Notes or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or
acquiescence in the Event of Default. No remedy is exclusive of any other remedy. All available remedies are cumulative to the extent permitted by law. 

SECTION 6.4. Waiver of Past Defaults. 

At any time prior to the declaration of acceleration of the Notes, the Holders of not less than a majority in aggregate principal amount
of the Notes then outstanding by notice to the Trustee may, on behalf of the Holders of all the Notes, waive any existing Default or Event of Default and its consequences under this Indenture, except a Default or Event of Default specified in
Section 6.1(1) or (2) or in respect of any provision hereof which cannot be modified or amended without the consent of the Holder so affected pursuant to Section 9.2. When a Default or Event of Default is so waived, it shall be deemed
cured and shall cease to exist. This Section 6.4 shall be in lieu of § 316(a)(1)(B) of the TIA and such § 316(a)(1)(B) of the TIA is hereby expressly excluded from this Indenture and the Notes, as permitted by the TIA.

 SECTION 6.5. Control by Majority. 

Holders of the Notes may not enforce this Indenture or the Notes except as provided in this Article VI and under the TIA. The Holders of
not less than a majority in aggregate principal amount of the outstanding Notes shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power
conferred on the Trustee, provided, however, that the Trustee may refuse to follow any direction (a) that conflicts with any rule of law or this Indenture, (b) that the Trustee reasonably determines may be unduly prejudicial
to the rights of any other Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such direction is unduly prejudicial to the rights of any other Holder), or (c) that may expose the
Trustee to personal liability for which reasonable indemnity provided to the Trustee against such liability shall be deemed inadequate by the Trustee; provided, further, however, that the Trustee may take any other action deemed
proper by the Trustee that is not inconsistent with such direction or this Indenture. This Section 6.5 shall be in lieu of § 316(a)(1)(A) of the TIA, and such § 316(a)(1)(A) of the TIA is hereby expressly excluded from this
Indenture and the Notes, as permitted by the TIA. 
  

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 SECTION 6.6. Limitation on Suits. 

Subject to the provisions of this Indenture relating to the duties of the Trustee, if an Event of Default occurs and is continuing, the
Trustee will be under no obligation to exercise any of the rights or powers under this Indenture at the request or direction of any of the holders unless such Holders have offered to the Trustee indemnity or security satisfactory to the Trustee
against any loss, liability or expense. Except to enforce the right to receive payment of principal, premium, if any, or interest when due, no Holder may pursue any remedy with respect to this Indenture or the Notes unless: 

(1) such Holder has previously given the Trustee notice that an Event of Default is continuing; 

(2) Holders of at least 25% in principal amount of the outstanding Notes have requested the Trustee to pursue the remedy;

 (3) such Holder has offered the Trustee security or indemnity satisfactory to the Trustee against any loss,
liability or expense; 
 (4) the Trustee has not complied with such request within 60 days after the receipt of
the request and the offer of security or indemnity; and 
 (5) the Holders of a majority in principal amount of
the outstanding Notes have not waived such Event of Default or otherwise given the Trustee a direction that, in the opinion of the Trustee, is inconsistent with such request within such 60-day period. 

A Holder may not use this Indenture to prejudice the rights of any other Holders or to obtain priority or preference over such other
Holders (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any action or forbearance by a Holder prejudices the rights of any other Holders or to obtain priority or preference over such other
Holders). 
 SECTION 6.7. Right of Holders To Receive Payment. 

Notwithstanding any other provision in this Indenture, the right of any Holder of a Note to receive payment of the principal of, premium
and Liquidated Damages, if any, and interest on such Note, on or after the respective due dates expressed or provided for in such Note, or to bring suit for the enforcement of any such payment on or after the respective due dates, is absolute and
unconditional and shall not be impaired or affected without the consent of the Holder. 
 SECTION 6.8. Collection Suit
by Trustee. 
 If an Event of Default specified in clause (1) or (2) of Section 6.1 occurs and is
continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Issuer, or any other obligor on the Notes for the whole amount of the principal of, premium, if any, Liquidated Damages, if any, and accrued
interest remaining unpaid, together with interest on overdue principal and, to the extent that payment of such interest is lawful, interest on overdue installments of interest, in each case at the rate per annum provided for by the Notes and such
further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

 

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 SECTION 6.9. Trustee May File Proofs of Claim. 

The Trustee may file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of
the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents, counsel, accountants and experts) and the Holders allowed in any judicial proceedings relative to the Issuer or
Restricted Subsidiaries (or any other obligor upon the Notes), their creditors or their property and shall be entitled and empowered to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the
same, and any Custodian in any such judicial proceedings is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the
Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents, counsel, accountants and experts, and any other amounts due the Trustee under Section 7.7. To the extent that the
payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents, counsel, accountants and experts and any other amounts due the Trustee under Section 7.7 out of the estate in any such proceeding shall be denied
for any reason, payment of the same shall be secured by a lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in
liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization,
arrangement, adjustment or composition affecting the Notes or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

SECTION 6.10. Priorities. 

If the Trustee collects any money pursuant to this Article VI it shall pay out such money in the following order: 

First: to the Trustee for amounts due under Section 7.7; 

Second: to Holders for interest accrued on the Notes, ratably, without preference or priority of any kind, according to
the amounts due and payable on the Notes for interest; 
 Third: to Holders for the principal amounts (including
any premium or Liquidated Damages) owing under the Notes, ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for the principal (including any premium or Liquidated Damages); and 

Fourth: the balance, if any, to the Issuer. 

The Trustee, upon prior written notice to the Issuer, may fix a record date and payment date for any payment to Holders pursuant to this
Section 6.10. 
 SECTION 6.11. Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or
omitted by it as Trustee, a court may in its discretion require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable
attorneys’ fees, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply to any suit by the Trustee, any suit by a Holder
pursuant to Section 6.7, or a suit by a Holder or Holders of more than 10% in aggregate principal amount of the outstanding Notes. 
  

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 SECTION 6.12. Restoration of Rights and Remedies. 

If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture or any Note and such
proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case the Issuer, the Trustee and the Holders shall, subject to any determination in such
proceeding, be restored severally and respectively to their former positions under this Indenture, and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 

ARTICLE VII. 

TRUSTEE 

SECTION 7.1. Duties of Trustee. 

(a) If an Event of Default has occurred, of which the Trustee is deemed to have notice, and is continuing, the Trustee may exercise such
of the rights and powers vested in it by this Indenture and shall use the same degree of care and skill in its exercise thereof as a prudent person would exercise or use under the circumstances in the conduct of his own affairs. 

(b) Except during the continuance of an Event of Default: 

(1) The Trustee need perform only those duties as are specifically set forth in this Indenture and no covenants or
obligations shall be implied in this Indenture that are adverse to the Trustee. The permissive right of the Trustee to do things enumerated in this Indenture shall not be construed as a duty. 

(2) In the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, in the case of any such certificates or opinions that by any provision hereof are
specifically required to be furnished to the Trustee, the Trustee shall examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture. 

(c) Notwithstanding anything to the contrary herein contained, the Trustee may not be relieved from liability for its own negligent
action, its own negligent failure to act, or its own willful misconduct, except that: 
 (1) This paragraph does
not limit the effect of paragraph (b) of this Section 7.1. 
 (2) The Trustee shall not be liable for
any error of judgment made in good faith by a Trust Officer, unless it is conclusively determined by a court of competent jurisdiction that the Trustee was negligent in ascertaining the pertinent facts. 

(3) The Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with
a direction received by it pursuant to Section 6.2, 6.4 or 6.5. 
  

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 (d) No provision of this Indenture shall require the Trustee to expend or risk its own funds
or otherwise incur any financial liability in the performance of any of its duties under this Indenture or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such funds or adequate
indemnity against such risk or liability is not reasonably assured to it. 
 (e) Every provision of this Indenture that in any
way relates to the Trustee is subject to paragraphs (a), (b), (c) and (d) of this Section 7.1 and Section 7.2. 

(f) The Trustee shall not be liable for interest on any money or assets received by it except as the Trustee may agree in writing with
the Issuer. Assets held in trust by the Trustee need not be segregated from other assets except to the extent required by law. 

SECTION 7.2. Rights of Trustee. 

Subject to Section 7.1: 

(a) The Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any document
believed by it to be genuine and to have been signed or presented by the proper Person or Persons or to have been prepared and furnished pursuant to any of the provisions of this Indenture; and the Trustee shall be under no duty to make any
investigation as to any statement contained in any such instance, but may accept the same conclusive evidence of the truth and accuracy of such statement or the correctness of such opinions. The Trustee need not investigate any fact or matter stated
in the document. 
 (b) Before the Trustee acts or refrains from acting, it may consult with counsel of its
selection and may require an Officers’ Certificate or an Opinion of Counsel, which shall conform to Sections 11.4 and 11.5. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such advice
or such Officers’ Certificate or Opinion of Counsel. 
 (c) The Trustee may act through attorneys, agents,
custodians or nominees and shall not be responsible for the misconduct or negligence of any attorney, agent, custodian or nominee appointed with due care. 

(d) The Trustee shall not be liable for any action that it takes or omits to take in good faith which it reasonably
believes to be authorized or within its rights or powers conferred upon it by this Indenture. 
 (e) The Trustee
shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, notice, request, direction, consent, order, bond, debenture, or other paper or document, but the Trustee,
in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled, upon reasonable notice to the
Issuer, to examine the books, records, and premises of the Issuer, personally or by agent or attorney and to consult with the officers and representatives of the Issuer, including the Issuer’s accountants and attorneys. 

(f) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the
request, order or direction of any of the Holders pursuant to the provisions of this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities which
may be incurred by it in compliance with such request, order or direction. 
  

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 (g) The Trustee shall not be required to give any bond or surety in respect
of the performance of its powers and duties under this Indenture. 
 (h) Delivery of reports, information and
documents to the Trustee under Section 4.8 is for informational purposes only and the Trustee’s receipt of the foregoing shall not constitute constructive notice of any information contained therein or determinable from information
contained therein, including the Issuer’s compliance with any of its covenants under this Indenture (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 

(i) Other than a consent revoked in accordance with Section 9.4, any action taken, or omitted to be taken, by the
Trustee in good faith pursuant to this Indenture upon the request or authority or consent of any person who, at the time of making such request or giving such authority or consent, is a Holder shall be conclusive and binding upon every subsequent
Holder of a Note or portion of a Note that evidences the same debt as the requesting or consenting Holder’s Note. 

(j) In no event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage
of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

(k) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its
right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder. 

(l) The Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties
hereunder. 
 SECTION 7.3. Individual Rights of Trustee. 

The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuer, any
of its respective Subsidiaries, or its respective Affiliates with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. However, the Trustee must comply with Sections 7.10 and 7.11. 

SECTION 7.4. Trustee’s Disclaimer. 

The Trustee makes no representation as to the validity or adequacy of this Indenture or the Notes, and it shall not be accountable for the
Issuer’s use of the proceeds from the Notes, and it shall not be responsible for any statement of the Issuer in this Indenture or the Notes other than the Trustee’s certificate of authentication. 

Under no circumstances shall the Trustee be liable in its individual capacity for the obligations evidenced by the Notes. In accepting
the trust hereby created, the Trustee acts solely as Trustee for the Holders and not in its individual capacity and all persons, including without limitation the Holders and the Issuer having any claim against the Trustee arising from this Indenture
shall look only to the funds and accounts held by the Trustee hereunder for payment except as otherwise provided herein. 
  

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 SECTION 7.5. Notice of Default. 

If a Default or an Event of Default occurs and is continuing and is known to the Trustee, the Trustee shall mail to each Holder notice of
the uncured Default or Event of Default within 90 days after the occurrence thereof. Except in the case of a Default or an Event of Default in payment of principal of, premium or Liquidated Damages, if any, or interest on, any Note, including an
accelerated payment, a Default in payment on the Change of Control Payment Date pursuant to a Change of Control Offer or on the Asset Disposition Purchase Date pursuant to an Asset Disposition Offer and a Default in compliance with Article V hereof,
the Trustee shall be protected in withholding such notice if and so long as its Board of Directors, the executive committee of its Board of Directors or a committee of its directors and/or Trust Officers in good faith determines that withholding the
notice is in the interest of the Holders. The foregoing sentence of this Section 7.5 shall be in lieu of the proviso to § 315(b) of the TIA and such proviso to § 315(b) of the TIA is hereby expressly excluded from this
Indenture and the Notes, as permitted by the TIA. 
 SECTION 7.6. Reports by Trustee to Holders.

 Within 60 days after May 15 of each year beginning with 2011 and for so long as Notes remain outstanding, the Trustee
shall, to the extent that any of the events described in TIA § 313(a) occurred within the previous twelve months, but not otherwise, mail to each Holder a brief report dated as of such date that complies with TIA § 313(a). The
Trustee also shall comply with TIA §§ 313(b), (c) and (d). 
 A copy of each report at the time of its
mailing to Holders shall be mailed to the Issuer. 
 The Issuer shall promptly notify the Trustee if the Notes become listed on
any stock exchange and the Trustee shall comply with TIA § 313(d). 
 SECTION 7.7. Compensation and
Indemnity. 
 The Issuer shall pay to the Trustee from time to time such compensation for its services as has been
agreed to in writing signed by the Issuer and the Trustee. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Issuer shall reimburse the Trustee upon request for all reasonable
out-of-pocket expenses incurred or made by it in connection with the performance of its duties under this Indenture. Such expenses shall include the reasonable fees and expenses of the Trustee’s agents, counsel, accountants and experts.

 The Issuer and the Guarantors shall indemnify each of the Trustee (or any predecessor Trustee) and its agents, employees,
stockholders, Affiliates and directors and officers for, and hold them each harmless against, any and all loss, liability, damage, claim or expense (including reasonable fees and expenses of counsel), including taxes (other than taxes based on the
income of the Trustee) incurred by them except for such actions to the extent caused by any negligence, bad faith or willful misconduct on their part, arising out of or in connection with the acceptance or administration of this Indenture including
the reasonable costs and expenses of defending themselves against any claim or liability in connection with the exercise or performance of any of their rights, powers or duties under this Indenture. The Trustee shall notify the Issuer promptly of
any claim asserted against the Trustee for which it may seek indemnity. At the Trustee’s sole discretion, the Issuer or such Guarantor shall defend the claim and the Trustee shall cooperate and may participate in the defense; provided,
however, that any settlement of a claim shall be approved in writing by the Trustee if such settlement would result in an admission of liability by the Trustee or if such settlement would not be accompanied by a full release of the Trustee
for all liability arising out of the events giving rise to such claim. Alternatively, the Trustee may at its option have separate counsel of its own choosing and the Issuer shall pay the reasonable fees and expenses of such counsel. 

 

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 To secure the Issuer’s and the Guarantors’ payment obligations in this
Section 7.7, the Trustee shall have a Lien prior to the Notes on all assets or money held or collected by the Trustee, in its capacity as Trustee, except assets or money held in trust to pay principal of or premium, if any, or interest on
particular Notes. 
 When the Trustee incurs expenses or renders services after an Event of Default specified in
Section 6.1(7) occurs, such expenses and the compensation for such services are intended to constitute expenses of administration under any Bankruptcy Law. 

The provisions of this Section 7.7 shall survive the termination of this Indenture or the earlier resignation or removal of the
Trustee. 
 SECTION 7.8. Replacement of Trustee. 

The Trustee may resign at any time by so notifying the Issuer. The Holders of a majority in principal amount of the outstanding Notes may
remove the Trustee and appoint a successor Trustee with the Issuer’s consent, by so notifying the Issuer and the Trustee. The Issuer may remove the Trustee if: 

(1) the Trustee fails to comply with Section 7.10; 

(2) the Trustee is adjudged bankrupt or insolvent; 

(3) a receiver or other public officer takes charge of the Trustee or its property; or 

(4) the Trustee becomes incapable of acting. 

If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Issuer shall notify each Holder
of such event and shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in aggregate principal amount of the outstanding Notes may appoint a successor Trustee to replace the
successor Trustee appointed by the Issuer. 
 A successor Trustee shall deliver a written acceptance of its appointment to the
retiring Trustee and to the Issuer. Immediately after that, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee, subject to the lien provided in Section 7.7, the resignation or removal of the retiring
Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The Issuer shall mail notice of such successor Trustee’s appointment to each Holder. 

If a successor Trustee does not take office within 45 days after the retiring Trustee resigns or is removed, the retiring Trustee, the
Issuer or the Holders of at least 10% in aggregate principal amount of the outstanding Notes may petition any court of competent jurisdiction for the appointment of a successor Trustee. 

If the Trustee fails to comply with Section 7.10, any Holder may petition any court of competent jurisdiction for the removal of the
Trustee and the appointment of a successor Trustee. 
  

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 Notwithstanding any resignation or replacement of the Trustee pursuant to this
Section 7.8, the Issuer’s obligations under Section 7.7 shall continue for the benefit of the retiring Trustee. 

SECTION 7.9. Successor Trustee by Merger, Etc. 

If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business to,
another corporation, the resulting, surviving or transferee corporation without any further act shall, if such resulting, surviving or transferee corporation is otherwise eligible under this Indenture, be the successor Trustee; provided,
however, that such corporation shall be otherwise qualified and eligible under this Article VII. 
 SECTION 7.10.
Eligibility; Disqualification. 
 This Indenture shall always have a Trustee who satisfies the requirement
of TIA §§ 310(a)(1), (2) and (5). The Trustee (or, in the case of a Trustee that is a corporation included in a bank holding company system, the related bank holding company) shall have a combined capital and surplus of at least
$150 million as set forth in its most recent published annual report of condition and have a Corporate Trust Office in the City of New York. In addition, if the Trustee is a corporation included in a bank holding company system, the Trustee,
independently of such bank holding company, shall meet the capital requirements of TIA § 310(a)(2). The Trustee shall comply with TIA § 310(b); provided, however, that there shall be excluded from the operation of
TIA § 310(b)(1) any indenture or indentures under which other securities, or certificates of interest or participation in other securities, of the Issuer are outstanding, if the requirements for such exclusion set forth in TIA
§ 310(b)(1) are met. The provisions of TIA § 310 shall apply to the Issuer, as obligor of the Notes. 

SECTION 7.11. Preferential Collection of Claims Against the Issuer. 

The Trustee shall comply with TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who
has resigned or been removed shall be subject to TIA § 311(a) to the extent indicated therein. The provisions of TIA § 311 shall apply to the Issuer, as obligor on the Notes. 

SECTION 7.12. Force Majeure. 

In no event shall the Trustee be liable for any failure or delay in the performance of its obligations under this Indenture because of
circumstances beyond the Trustee’s control, including, but not limited to, acts of God, flood, war (whether declared or undeclared), terrorism, fire, riot, embargo, government action, including any laws, ordinances, regulations, governmental
action or the like which delay, restrict or prohibit the providing of the services contemplated by this Indenture. 
 SECTION
7.13. Defaults and Events of Default. 
 The Trustee shall not be required to take notice or be deemed to
have notice of any Default, except failure of the Issuer to cause to be made any of the payments required to be made to the Trustee, unless the Trustee shall be specifically notified by a writing of such Default by the Issuer or by the Holders of at
least 25% in aggregate principal amount of all Notes then outstanding delivered to the Corporate Trust Office of the Trustee and, in the absence of such notice so delivered, the Trustee may conclusively assume no Default exists. 

 

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 ARTICLE VIII. 

DISCHARGE OF INDENTURE; DEFEASANCE 

SECTION 8.1. Termination of Issuer’s Obligations. 

This Indenture will be discharged and will cease to be of further effect (except as to surviving rights of registration of transfer or
exchange of the Notes, as expressly provided for in this Indenture) as to all outstanding Notes when (a) either (i) all the Notes, theretofore authenticated (except lost, stolen or destroyed Notes that have been replaced or paid and Notes
for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Issuer and thereafter repaid to the Issuer or discharged from such trust) have been delivered to the Trustee for cancellation or (ii) all
Notes not theretofore delivered to the Trustee for cancellation have become due and payable or will become due and payable within one year by reason of the giving of a notice of redemption or otherwise and the Issuer or any Subsidiary Guarantor has
irrevocably deposited or caused to be irrevocably deposited with the Trustee as trust funds in trust solely for such purpose, cash in U.S. dollars, U.S. Government Obligations, or a combination thereof, in such amounts as will be sufficient without
consideration of any reinvestment of interest, to pay and discharge the entire Indebtedness on the Notes not theretofore delivered to the Trustee for cancellation, for principal of, premium, if any, and interest on the Notes to the date of maturity
or redemption together with irrevocable instructions from the Issuer directing the Trustee to apply such funds to the payment thereof at maturity or redemption, as the case may be; (b) the Issuer has paid all other sums payable under this
Indenture by the Issuer; and (c) the Issuer has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel stating that all conditions precedent under this Indenture relating to the satisfaction and discharge of this
Indenture have been complied with; provided, however, that such counsel may rely, as to matters of fact, on a certificate or certificates of officers of the Issuer. 

The Issuer may, at its option and at any time, elect to have its obligations and the corresponding obligations of the Subsidiary
Guarantors discharged with respect to the outstanding Notes and Subsidiary Guarantees (“Legal Defeasance”). Such Legal Defeasance means that the Issuer shall be deemed to have paid and discharged the entire indebtedness represented
by the outstanding Notes, and satisfied all of its obligations with respect to the Notes, except for: (1) the rights of Holders to receive payments in respect of the principal of, premium, if any, and interest on the Notes when such payments
are due, (2) the Issuer’s obligations with respect to the Notes concerning issuing temporary Notes, registration of Notes, mutilated, destroyed, lost or stolen Notes and the maintenance of an office or agency for payments, (3) the
rights, powers, trust, duties and immunities of the Trustee and the Issuer’s obligations in connection therewith and (4) the Legal Defeasance provisions of this Section 8.1. In addition, the Issuer may, at its option and at any time,
elect to terminate its obligations with respect to covenants contained in Sections 4.4, 4.5, 4.8 and 4.10 through 4.20 and Article V and the operation of clauses (6), (7) (with respect to Significant Subsidiaries), (8) and (9) of
Section 6.1 and the limitations described in clause (3) of the first paragraph of Section 5.1 (“Covenant Defeasance”) and thereafter any omission to comply with such obligations shall not constitute a Default or Event
of Default with respect to the Notes. The Issuer may exercise its Legal Defeasance option notwithstanding its prior exercise of its Covenant Defeasance option. In the event of Legal Defeasance, payment of the Notes may not be accelerated because of
an Event of Default with respect thereto. In the event of Covenant Defeasance, payment of the Notes may not be accelerated because of an Event of Default specified in clause (4), (5), (6), (7) (with respect to Significant Subsidiaries),
(8) or (9) of Section 6.1 or because of the failure of the Issuer to comply with clause (3) of the first paragraph of Section 5.1. 
  

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 In order to exercise either Legal Defeasance or Covenant Defeasance: 

(1) the Issuer must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders cash in United States
dollars, non-callable U.S. Government Obligations, or a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay the principal of, premium, if any, interest
and Liquidated Damages, if any, on the Notes on the stated date for payment thereof or on the applicable Redemption Date, as the case may be; 

(2) in the case of Legal Defeasance, the Issuer shall have delivered to the Trustee an Opinion of Counsel in the United
States reasonably acceptable to the Trustee confirming that (a) the Issuer has received from, or there has been published by, the Internal Revenue Service a ruling or (b) since the date of this Indenture, there has been a change in the
applicable federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders will not recognize income, gain or loss for federal income tax purposes as a result of such Legal
Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 

(3) in the case of Covenant Defeasance, the Issuer shall have delivered to the Trustee an Opinion of Counsel in the United
States reasonably acceptable to the Trustee confirming that the Holders will not recognize income, gain or loss for federal income tax purposes as a result of such Covenant Defeasance and will be subject to federal income tax on the same amounts, in
the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(4) no Default or Event of Default, of which the Trustee is deemed to have notice, shall have occurred and be continuing
on the date of such deposit or insofar as Events of Default under Section 6.1(7) from bankruptcy or insolvency events are concerned, at any time in the period ending on the 91st day after the date of deposit; 

(5) such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default
under this Indenture or any other agreement or instrument to which the Issuer or any of its Restricted Subsidiaries is a party or by which the Issuer or any of its Restricted Subsidiaries is bound; 

(6) the Issuer shall have delivered to the Trustee an Officers’ Certificate stating that the deposit was not made by
the Issuer with the intent of preferring the Holders over any other creditors of the Issuer or with the intent of defeating, hindering, delaying or defrauding any other creditors of the Issuer or any Subsidiary Guarantor or others; 

(7) the Issuer shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating
that all conditions precedent provided for or relating to the Legal Defeasance or the Covenant Defeasance, as the case may be, have been complied with; provided, however, that such counsel may rely, as to matters of fact, on a
certificate or certificates of officers of the Issuer; and 
 (8) the Issuer shall have delivered to the Trustee
an Opinion of Counsel to the effect that after the 91st day following the deposit, the trust funds will not be subject to the effect of any applicable bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally;
provided, however, that such counsel may rely, as to matters of fact, on a certificate or certificates of officers of the Issuer. 
  

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 SECTION 8.2. Application of Trust Money. 

The Trustee or Paying Agent shall hold in trust U.S. Legal Tender or U.S. Government Obligations deposited with it pursuant to
Section 8.1, and shall apply the deposited U.S. Legal Tender and the money from U.S. Government Obligations in accordance with this Indenture to the payment of the principal of, premium and Liquidated Damages, if any, and interest on the Notes.
The Trustee shall be under no obligation to invest said U.S. Legal Tender or U.S. Government Obligations except as it may agree in writing with the Issuer. 

The Issuer and the Guarantors shall pay jointly and severally and indemnify the Trustee against any tax, fee or other charge imposed on
or assessed against the Legal Tender or U.S. Government Obligations deposited pursuant to Section 8.1 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the
Holders of outstanding Notes. 
 SECTION 8.3. Repayment to the Issuer. 

Subject to Section 8.1, the Trustee and the Paying Agent shall promptly pay to the Issuer upon request any excess U.S. Legal Tender
or U.S. Government Obligations held by them at any time and thereupon shall be relieved from all liability with respect to such money. The Trustee and the Paying Agent shall pay to the Issuer upon request any money held by them for the payment of
principal, interest or premium or Liquidated Damages, if any, that remains unclaimed for one year; provided, however, that the Trustee or such Paying Agent, before being required to make any payment, may at the expense of the Issuer
cause to be published once in a newspaper of general circulation in the City of New York or mail to each Holder entitled to such money notice that such money remains unclaimed and that after a date specified therein which shall be at least 30 days
from the date of such publication or mailing any unclaimed balance of such money then remaining will be repaid to the Issuer. After payment to the Issuer, Holders entitled to such money must look to the Issuer for payment as general creditors unless
an applicable law designates another Person. 
 SECTION 8.4. Reinstatement. 

If the Trustee or Paying Agent is unable to apply any U.S. Legal Tender or U.S. Government Obligations in accordance with Section 8.1
by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Issuer’s and the Guarantors’ obligations under this
Indenture and the Notes and the Subsidiary Guarantees shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.1 until such time as the Trustee or Paying Agent is permitted to apply all such U.S. Legal Tender or
U.S. Government Obligations in accordance with Section 8.1; provided, however, that if the Issuer has made any payment of interest or premium or Liquidated Damages, if any, on or principal of any Notes because of the reinstatement
of its obligations, the Issuer shall be subrogated to the rights of the Holders of such Notes to receive such payment from the U.S. Legal Tender or U.S. Government Obligations held by the Trustee or Paying Agent. 

SECTION 8.5. Acknowledgment of Discharge by Trustee. 

After (i) the conditions of Section 8.1 have been satisfied, (ii) the Issuer has paid or caused to be paid all other sums
payable under this Indenture by the Issuer and (iii) the Issuer has delivered 
  

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to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent referred to in clause (i) of this Section 8.5 relating to the
satisfaction and discharge of this Indenture have been complied with, the Trustee upon request shall acknowledge in writing the discharge of the Issuer’s obligations under this Indenture except for those surviving obligations specified in
Section 8.1, provided the legal counsel delivering such Opinion of Counsel may rely as to matters of fact on one or more Officers’ Certificates of the Issuer. 

ARTICLE IX. 

MODIFICATION OF THE INDENTURE 

SECTION 9.1. Without Consent of Holders. 

Without the consent of any Holder, the Issuer, the Guarantors and the Trustee may amend this Indenture and the Notes to: 

(1) cure any ambiguity, omission, defect, mistake or inconsistency; 

(2) provide for the assumption by a successor corporation of the obligations of the Issuer or any Subsidiary Guarantor
under this Indenture; 
 (3) provide for uncertificated Notes in addition to or in place of certificated Notes
(provided that the uncertificated Notes are issued in registered form for purposes of Section 163(f) of the Code, or in a manner such that the uncertificated Notes are described in Section 163(f)(2)(B) of the Code); 

(4) add Guarantees with respect to the Notes, including Subsidiary Guarantees, or release a Subsidiary Guarantor from its
Subsidiary Guarantee and terminate such Subsidiary Guarantee; provided, however, that the release and termination is in accord with the applicable provisions of this Indenture; 

(5) secure the Notes or Subsidiary Guarantees; 

(6) add to the covenants of the Issuer or a Subsidiary Guarantor for the benefit of the Holders or surrender any right or
power conferred upon the Issuer or a Subsidiary Guarantor; 
 (7) make any change that does not adversely affect
the rights of any Holder; 
 (8) comply with any requirement of the SEC in connection with the qualification of
this Indenture under the Trust Indenture Act; 
 (9) provide for the issuance of exchange securities which shall
have terms substantially identical in all respects to the Notes (except that the transfer restrictions contained in the Notes shall be modified or eliminated as appropriate) and which shall be treated, together with any outstanding Notes, as a
single class of securities; or 
 (10) provide for the succession of a successor Trustee. 

 

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 SECTION 9.2. With Consent of Holders. 

All other modifications and amendments of this Indenture may be made, subject to certain exceptions, with the consent of the Holders of a
majority in principal amount of the Notes then outstanding (including without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes) and, subject to certain exceptions, any past default or
compliance with any provisions may be waived with the consent of the Holders of a majority in principal amount of the Notes then outstanding (including, without limitation, consents obtained in connection with a purchase of, or tender offer or
exchange offer for, Notes). However, without the consent of each Holder of an outstanding Note affected, no amendment may, among other things: 

(1) reduce the principal amount of Notes whose Holders must consent to an amendment, supplement or waiver; 

(2) reduce the stated rate of or extend the stated time for payment of interest on any Note; 

(3) reduce the principal of or extend the Stated Maturity of any Note; 

(4) reduce the premium payable upon the redemption of any Note pursuant to Section 3.3, or change the time at which
any Note may be redeemed pursuant to Section 3.3, or make any change to the covenants described in Section 4.15 after the occurrence of a Change of Control, or make any change to the provisions relating to an Asset Disposition Offer that
has been made, in each case whether through an amendment or waiver of provisions in the covenants, definitions or otherwise; 

(5) make any Note payable in money other than that stated in the Note; 

(6) impair the right of any Holder to receive payment of, premium, if any, principal of and interest on such Holder’s
Notes on or after the due dates therefor or to institute suit for the enforcement of any payment on or with respect to such Holder’s Notes; 

(7) make any change in the amendment provisions which require each Holder’s consent or in the waiver provisions;

 (8) modify the Subsidiary Guarantees in any manner adverse to the holders of the Notes; or 

(9) make any change to or modify the ranking of the Notes that would adversely affect the Holders. 

The consent of the Holders is not necessary under this Indenture to approve the particular form of any proposed amendment. It is sufficient if such
consent approves the substance of the proposed amendment. A consent to any amendment or waiver under this Indenture by any Holder given in connection with a tender of such Holder’s Notes will not be rendered invalid by such tender. After an
amendment under this Indenture becomes effective, the Issuer is required to mail to the Holders a notice briefly describing such amendment. However, failure to give such notice to all the Holders, or any defect in the notice will not impair or
affect the validity of the amendment. 
  

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 SECTION 9.3. Compliance with Trust Indenture Act. 

Every amendment, waiver or supplement of this Indenture or the Notes shall comply with the TIA as then in effect; provided,
however, that this Section 9.3 shall not of itself require that this Indenture or the Trustee be qualified under the TIA or constitute any admission or acknowledgment by any party hereto that any such qualification is required prior to
the time this Indenture and the Trustee are required by the TIA to be so qualified. 
 SECTION 9.4. Revocation and
Effect of Consents. 
 Until an amendment, waiver or supplement becomes effective, a consent to it by a Holder is a
continuing consent by the Holder and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note. Subject to the following
paragraph, any such Holder or subsequent Holder may revoke the consent as to such Holder’s Note or portion of such Note by notice to the Trustee or the Issuer received before the date on which the Trustee receives an Officers’ Certificate
certifying that the Holders of the requisite principal amount of Notes have consented (and not theretofore revoked such consent) to the amendment, supplement or waiver. An amendment, supplement or waiver becomes effective upon receipt by the Trustee
of such Officers’ Certificate and evidence of consent by the Holders of the requisite percentage in principal amount of outstanding Notes. 

The Issuer may, but shall not be obligated to, fix a Record Date for the purpose of determining the Holders entitled to consent to any
amendment, supplement or waiver, which Record Date shall be at least 30 days prior to the first solicitation of such consent. If a Record Date is fixed, then notwithstanding the second sentence of the immediately preceding paragraph, those Persons
who were Holders at such Record Date (or their duly designated proxies), and only those Persons, shall be entitled to revoke any consent previously given, whether or not such Persons continue to be Holders after such Record Date. No such consent
shall be valid or effective for more than 90 days after such Record Date unless consents from Holders of the requisite percentage in principal amount of outstanding Notes required under this Indenture for the effectiveness of such consents shall
have also been given and not revoked within such 90 day period. 
 SECTION 9.5. Notation on or Exchange of
Notes. 
 If an amendment, supplement or waiver changes the terms of a Note, the Trustee may require the Holder of
such Note to deliver it to the Trustee. The Trustee may place an appropriate notation on the Note about the changed terms and return it to the Holder. Alternatively, if the Issuer or the Trustee so determines, the Issuer in exchange for the Note
shall issue and, upon receipt of an Authentication Order in accordance with Section 2.2 hereof, the Trustee shall authenticate a new Note that reflects the changed terms. 

SECTION 9.6. Trustee To Sign Amendments, Etc. 

The Trustee shall execute any amendment, supplement or waiver authorized pursuant to this Article IX; provided, however,
that the Trustee may, but shall not be obligated to, execute any such amendment, supplement or waiver which affects the Trustee’s own rights, duties or immunities under this Indenture. In executing such amendment, supplement or waiver the
Trustee shall be entitled to receive indemnity satisfactory to it, and shall be fully protected in relying upon an Opinion of Counsel and an Officers’ Certificate of the Issuer, stating that no event of default shall occur as a result of such
amendment, supplement or waiver and that the execution of any amendment, supplement or waiver authorized pursuant to this Article IX is authorized or permitted by this Indenture, provided the legal counsel delivering such Opinion of Counsel
may rely as to matters of fact on one or more Officers’ Certificates of the Issuer. Such Opinion of Counsel shall not be an expense of the Trustee. 
  

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 ARTICLE X. 

[INTENTIONALLY OMITTED] 

ARTICLE XI. 

MISCELLANEOUS 

SECTION 11.1. TIA Controls. 

If any provision of this Indenture limits, qualifies, or conflicts with another provision which is required to be included in this
Indenture by the TIA, the required provision shall control; provided, however, that this Section 11.1 shall not of itself require that this Indenture or the Trustee be qualified under the TIA or constitute any admission or
acknowledgment by any party hereto that any such qualification is required prior to the time this Indenture and the Trustee are required by the TIA to be so qualified. 

SECTION 11.2. Notices. 

Any notices or other communications required or permitted under this Indenture shall be in writing, and shall be sufficiently given if
made by hand delivery, by telex, by telecopier or registered or certified mail, postage prepaid, return receipt requested, addressed as follows: 

if to the Issuer and/or any Guarantor: 

c/o Chaparral Energy, Inc. 

701 Cedar Lake Boulevard 

Oklahoma City, OK 73114 

Telecopier Number: (405) 425-4590 

Attn: Chief Financial Officer 

if to the Trustee: 

Wells Fargo Bank, National Association 

1445 Ross Avenue, 2nd Floor 

Dallas, Texas 75202 

Telecopier Number: (214) 777-4086 

Attn: Patrick Giordano - VP 

The Issuer, the Guarantors and the Trustee by written notice to the other may designate additional or different addresses for notices to
such Person. Any notice or communication to the Issuer or the Trustee shall be deemed to have been given or made as of the date so delivered if hand delivered; when receipt is acknowledged, if faxed; and five (5) calendar days after mailing if
sent by registered or certified mail, postage prepaid (except that a notice of change of address shall not be deemed to have been given until actually received by the addressee). 

 

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 Any notice or communication mailed to a Holder shall be mailed to him by first class mail or
other equivalent means at his address as it appears on the registration books of the Registrar ten (10) days prior to such mailing and shall be sufficiently given to him if so mailed within the time prescribed. 

Any notice or communication shall also be so mailed to any Person described in TIA § 313(c), to the extent required by the TIA.

 Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to
other Holders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or not the addressee receives it. 

SECTION 11.3. Communications by Holders with Other Holders. 

Holders may communicate pursuant to TIA § 312(b) with other Holders with respect to their rights under this Indenture or the
Notes. The Issuer, the Trustee, the Registrar and any other Person shall have the protection of TIA § 312(c). 

SECTION 11.4. Certificate and Opinion as to Conditions Precedent. 

Upon any request or application by the Issuer and/or any Subsidiary Guarantor to the Trustee to take any action under this Indenture, the
Issuer and/or any Subsidiary Guarantor shall furnish to the Trustee: 
 (1) an Officers’ Certificate, in
form and substance satisfactory to the Trustee, stating that, in the opinion of the signers, all conditions precedent to be performed by the Issuer, if any, provided for in this Indenture relating to the proposed action have been complied with; and

 (2) an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent to be
performed by the Issuer, if any, provided for in this Indenture relating to the proposed action have been complied with (which counsel, as to factual matters, may rely on an Officers’ Certificate). 

SECTION 11.5. Statements Required in Certificate or Opinion. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture, other than the
Officers’ Certificate required by Section 4.6, shall comply with TIA § 314(e) and include: 

(1) a statement that the Person making such certificate or opinion has read such covenant or condition; 

(2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions
contained in such certificate or opinion are based; 
 (3) a statement that, in the opinion of such Person, he
has made such examination or investigation as is reasonably necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(4) a statement as to whether or not, in the opinion of each such Person, such condition or covenant has been complied
with. 
  

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 SECTION 11.6. Rules by Trustee, Paying Agent, Registrar. 

The Trustee may make reasonable rules in accordance with the Trustee’s customary practices for action by or at a meeting of Holders.
The Paying Agent or Registrar may make reasonable rules for its functions. 
 SECTION 11.7. Legal Holidays.

 A “Legal Holiday” used with respect to a particular place of payment is a Saturday, a Sunday or a day on
which commercial banking institutions in New York, New York, Minneapolis, Minnesota or Dallas/Fort Worth, Texas or at such place of payment are authorized or required by law to close. If a payment date is a Legal Holiday at such place, payment may
be made at such place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. 

SECTION 11.8. Governing Law. 

THIS INDENTURE, THE NOTES AND THE SUBSIDIARY GUARANTEES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK. Each of the parties hereto agrees to submit to the jurisdiction of the courts of the State of New York in any action or proceeding arising out of or relating to this Indenture. 

SECTION 11.9. No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret another indenture, loan or debt agreement of the Issuer or any of its respective Subsidiaries.
Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 
 SECTION 11.10. No Personal
Liability. 
 No director, officer, employee, incorporator or stockholder of the Issuer or director, officer,
employee, incorporator or stockholder of any Subsidiary Guarantor, as such, shall have any liability for any of the Issuer’s obligations under the Notes, the Guarantors’ obligations under the Subsidiary Guarantees or this Indenture or any
claim based on, in respect of, by reason of, these obligations. Each Holder, by accepting a Note, waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. The waiver may not be effective
to waive liabilities under the federal securities laws and it is the view of the SEC that such a waiver is against public policy. 

SECTION 11.11. Successors. 

All agreements of the Issuer and the Subsidiary Guarantors in this Indenture, the Notes and the Subsidiary Guarantees shall bind their
successors. All agreements of the Trustee in this Indenture shall bind its successors. 
 SECTION 11.12. Duplicate
Originals. 
 All parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but
all of them together shall represent the same agreement. 
  

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 SECTION 11.13. Severability. 

In case any one or more of the provisions in this Indenture or in the Notes shall be held invalid, illegal or unenforceable, in any
respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions shall not in any way be affected or impaired thereby, it being intended that all of the provisions hereof
shall be enforceable to the full extent permitted by law. 
 SECTION 11.14. Independence of Covenants.

 All covenants and agreements in this Indenture and the Notes shall be given independent effect so that if any particular
action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or otherwise be within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default if
such action is taken or condition exists. 
 ARTICLE XII. 

SUBSIDIARY GUARANTEE OF NOTES 

SECTION 12.1. Unconditional Subsidiary Guarantee. 

Subject to the provisions of this Article XII, each Subsidiary Guarantor, if any, hereby, jointly and severally, unconditionally and
irrevocably guarantees, on an unsecured senior basis to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Indenture, the Notes
or the obligations of the Issuer or any other Subsidiary Guarantors to the Holders or the Trustee under this Indenture or thereunder, that: (a) the principal of, premium and Liquidated Damages, if any, and interest on the Notes shall be duly
and punctually paid in full when due, whether at maturity, upon redemption at the option of Holders pursuant to the provisions of the Notes relating thereto, by acceleration or otherwise, and interest on the overdue principal and (to the extent
permitted by law) interest, if any, on the Notes and all other obligations of the Issuer or the Subsidiary Guarantors to the Holders or the Trustee under this Indenture or thereunder (including amounts due the Trustee under Section 7.7 hereof)
and all other obligations shall be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and (b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, the same
shall be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at maturity, by acceleration or otherwise. Failing payment when due of any amount so guaranteed, or failing performance of any
other obligation of the Issuer to the Holders under this Indenture or under the Notes, for whatever reason, each Subsidiary Guarantor shall be obligated to pay, or to perform or cause the performance of, the same immediately. An Event of Default
under this Indenture or the Notes shall constitute an event of default under the Subsidiary Guarantees, and shall entitle the Holders of Notes to accelerate the obligations of the Subsidiary Guarantors under this Indenture in the same manner and to
the same extent as the obligations of the Issuer. 
 Each of the Subsidiary Guarantors hereby agrees that its obligations under
this Indenture shall be unconditional, irrespective of the validity, regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any
provisions hereof or thereof, any release of any other Subsidiary Guarantor, the recovery of any judgment against the Issuer, any action to enforce the same, whether or not a Subsidiary Guarantee is affixed to any particular Note, or any other
circumstance which might otherwise constitute a legal 
  

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or equitable discharge or defense of a guarantor. Each of the Subsidiary Guarantors hereby waives the benefit of diligence, presentment, demand of payment, filing of claims with a court in the
event of insolvency or bankruptcy of the Issuer, any right to require a proceeding first against the Issuer, protest, notice and all demands whatsoever and covenants that its Subsidiary Guarantee shall not be discharged except by complete
performance of the obligations contained in the Notes, this Indenture and this Subsidiary Guarantee. Each Subsidiary Guarantee is a guarantee of payment and not of collection. If any Holder or the Trustee is required by any court or otherwise to
return to the Issuer or to any Subsidiary Guarantor, or any custodian, trustee, liquidator or other similar official acting in relation to the Issuer or such Subsidiary Guarantor, any amount paid by the Issuer or such Subsidiary Guarantor to the
Trustee or such Holder, this Subsidiary Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect. Each Subsidiary Guarantor further agrees that, as between it, on the one hand, and the Holders of Notes and the
Trustee, on the other hand, (a) subject to this Article XII, the maturity of the obligations guaranteed hereby may be accelerated as provided in Article VI hereof for the purposes of its Subsidiary Guarantee, notwithstanding any stay,
injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (b) in the event of any acceleration of such obligations as provided in Article VI hereof, such obligations (whether or not due
and payable) shall forthwith become due and payable by the Subsidiary Guarantors for the purpose of its Subsidiary Guarantee. 

No stockholder, officer, director, employee, partner or incorporator, past, present or future, or any Subsidiary Guarantor, as such,
shall have any personal liability under the Subsidiary Guarantees by reason of his, her or its status as such stockholder, officer, director, employee, partner or incorporator. 

SECTION 12.2. Limitations on Subsidiary Guarantees. 

The obligations of each Subsidiary Guarantor under its Subsidiary Guarantee will be limited to the maximum amount which, after giving
effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other
Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to its contribution obligations under this Indenture, will result in the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee not constituting a fraudulent conveyance
or fraudulent transfer under federal or state law. 
 SECTION 12.3. Execution and Delivery of Subsidiary Guarantee
Notation. 
 To further evidence its Subsidiary Guarantee set forth in Section 12.1, each Subsidiary Guarantor
hereby agrees that a notation of such Subsidiary Guarantee, substantially in the form of Exhibit D herein, shall be endorsed on each Note authenticated and delivered by the Trustee. Such notation shall be executed on behalf of each Subsidiary
Guarantor by either manual or facsimile signature of one Officer of each Subsidiary Guarantor, who, in each case, shall have been duly authorized to so execute by all requisite corporate action. The validity and enforceability of any Subsidiary
Guarantee shall not be affected by the fact that such notation is not affixed to any particular Note. 
 Each of the Subsidiary
Guarantors hereby agrees that its Subsidiary Guarantee set forth in Section 12.1 shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Subsidiary Guarantee. 

If an Officer of a Subsidiary Guarantor whose signature is on this Indenture or on a notation of a Subsidiary Guarantee no longer holds
that office at the time the Trustee authenticates the Note on which such notation is endorsed or at any time thereafter, such Subsidiary Guarantor’s Subsidiary Guarantee of such Note shall be valid nevertheless. 

 

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 The delivery of any Note by the Trustee, after the authentication thereof under this
Indenture, shall constitute due delivery of any Subsidiary Guarantee set forth in this Indenture on behalf of each Subsidiary Guarantor. 

SECTION 12.4. Release of a Subsidiary Guarantor. 

(a) If no Default exists or would exist under this Indenture, (i) upon the sale or disposition of all of the Capital Stock of a
Subsidiary Guarantor by either Issuer or a Restricted Subsidiary of such Issuer in a transaction constituting an Asset Disposition in accordance with Section 4.16, or upon the consolidation or merger of a Subsidiary Guarantor with or into any
Person in compliance with Article V (in each case, other than to either Issuer or an Affiliate of either Issuer or a Restricted Subsidiary), or (ii) upon the designation of a Subsidiary Guarantor as an Unrestricted Subsidiary in accordance with
Section 4.14 or in connection with any Legal Defeasance or satisfaction and discharge of the Notes as provided in Section 8.1, such Subsidiary Guarantor and each Subsidiary of such Subsidiary Guarantor that is also a Subsidiary Guarantor
shall be deemed released from all obligations under this Article XII without any further action required on the part of the Trustee or any Holder; provided, however, that each such Subsidiary Guarantor is sold or disposed of or
designated in accordance with this Indenture. Any Subsidiary Guarantor not so released or the entity surviving such Subsidiary Guarantor, as applicable, shall remain or be liable under its Subsidiary Guarantee as provided in this Article XII.

 (b) The Trustee shall deliver an appropriate instrument evidencing the release of a Subsidiary Guarantor upon receipt of a
request by the Issuer or such Subsidiary Guarantor accompanied by an Officers’ Certificate and an Opinion of Counsel certifying as to the compliance with this Section 12.4, provided the legal counsel delivering such Opinion of
Counsel may rely as to matters of fact on one or more Officers Certificates of the Issuer. 
 The Trustee shall execute any
documents reasonably requested by the Issuer or a Subsidiary Guarantor in order to evidence the release of such Subsidiary Guarantor from its obligations under its Subsidiary Guarantee endorsed on the Notes and under this Article XII. 

Except as set forth in Articles Four and Five and this Section 12.4, nothing contained in this Indenture or in any of the Notes
shall prevent any consolidation or merger of a Subsidiary Guarantor with or into the Issuer or another Subsidiary Guarantor or shall prevent any sale or conveyance of the property of a Subsidiary Guarantor as an entirety or substantially as an
entirety to the Issuer or another Subsidiary Guarantor. 
 SECTION 12.5. Waiver of Subrogation. 

Until this Indenture is discharged and all of the Notes are discharged and paid in full, each Subsidiary Guarantor hereby irrevocably
waives and agrees not to exercise any claim or other rights which it may now or hereafter acquire against the Issuer that arise from the existence, payment, performance or enforcement of the Issuer’s obligations under the Notes or this
Indenture and such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, in any such instance including, without limitation, any right of subrogation, reimbursement, exoneration, contribution, indemnification,
and any right to participate in any claim or remedy of the Holders against the Issuer, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, including, without limitation, the right to take or receive
from the Issuer, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the
preceding sentence and any amounts owing to the Trustee or the Holders of Notes under the Notes, this Indenture, or any other document or instrument delivered under or in connection with such agreements or instruments, shall not have been

  

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paid in full, such amount shall have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Trustee or the Holders and shall
forthwith be paid to the Trustee for the benefit of itself or such Holders to be credited and applied to the obligations in favor of the Trustee or the Holders, as the case may be, whether matured or unmatured, in accordance with the terms of this
Indenture. Each Subsidiary Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by this Indenture and that the waiver set forth in this Section 12.5 is knowingly made in
contemplation of such benefits. 
 SECTION 12.6. Immediate Payment. 

Each Subsidiary Guarantor agrees to make immediate payment to the Trustee on behalf of the Holders of all obligations under the Notes and
this Indenture owing or payable to the respective Holders upon receipt of a demand for payment therefor by the Trustee to such Subsidiary Guarantor in writing. 

SECTION 12.7. No Set-Off. 

Each payment to be made by a Subsidiary Guarantor under this Indenture in respect of the obligations under the Notes and this Indenture
shall be payable in the currency or currencies in which such obligations are denominated, and shall be made without set-off, counterclaim, reduction or diminution of any kind or nature. 

SECTION 12.8. Obligations Absolute. 

The obligations of each Subsidiary Guarantor under this Indenture are and shall be absolute and unconditional and any monies or amounts
expressed to be owing or payable by each Subsidiary Guarantor under this Indenture which may not be recoverable from such Subsidiary Guarantor on the basis of a Subsidiary Guarantee shall be recoverable from such Subsidiary Guarantor as a primary
obligor and principal debtor in respect thereof. 
 SECTION 12.9. Obligations Continuing. 

The obligations of each Subsidiary Guarantor under this Indenture shall be continuing and shall remain in full force and effect until all
the obligations have been paid and satisfied in full. Each Subsidiary Guarantor agrees with the Trustee that it will from time to time deliver to the Trustee suitable acknowledgments of this continued liability under this Indenture and under any
other instrument or instruments in such form as counsel to the Trustee may advise and as will prevent any action brought against it in respect of any default under this Indenture being barred by any statute of limitations now or hereafter in force
and, in the event of the failure of a Subsidiary Guarantor so to do, it hereby irrevocably appoints the Trustee the attorney and agent of such Subsidiary Guarantor to make, execute and deliver such written acknowledgment or acknowledgments or other
instruments as may from time to time become necessary or advisable, in the judgment of the Trustee on the advice of counsel, to fully maintain and keep in force the liability of such Subsidiary Guarantor under this Indenture. 

SECTION 12.10. Obligations Not Reduced. 

The obligations of each Subsidiary Guarantor under this Indenture shall not be satisfied, reduced or discharged solely by the payment of
such principal, premium, if any, interest, fees and other monies or amounts as may at any time prior to discharge of this Indenture pursuant to Article VIII be or become owing or payable under or by virtue of or otherwise in connection with the
Notes or this Indenture. 
  

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 SECTION 12.11. Obligations Reinstated. 

The obligations of each Subsidiary Guarantor under this Indenture shall continue to be effective or shall be reinstated, as the case may
be, if at any time any payment which would otherwise have reduced the obligations of any Subsidiary Guarantor under this Indenture (whether such payment shall have been made by or on behalf of the Issuer or by or on behalf of a Subsidiary Guarantor)
is rescinded or reclaimed from any of the Holders upon the insolvency, bankruptcy, liquidation or reorganization of the Issuer or any Subsidiary Guarantor or otherwise, all as though such payment had not been made. If demand for, or acceleration of
the time for, payment by the Issuer is stayed upon the insolvency, bankruptcy, liquidation or reorganization of the Issuer, all such Indebtedness otherwise subject to demand for payment or acceleration shall nonetheless be payable by each Subsidiary
Guarantor as provided herein. 
 SECTION 12.12. Obligations Not Affected. 

The obligations of each Subsidiary Guarantor under this Indenture shall not be affected, impaired or diminished in any way by any act,
omission, matter or thing whatsoever, occurring before, upon or after any demand for payment under this Indenture (and whether or not known or consented to by any Subsidiary Guarantor or any of the Holders) which, but for this provision, might
constitute a whole or partial defense to a claim against any Subsidiary Guarantor under this Indenture or might operate to release or otherwise exonerate any Subsidiary Guarantor from any of its obligations under this Indenture or otherwise affect
such obligations, whether occasioned by default of any of the Holders or otherwise, including, without limitation: 

(a) any limitation of status or power, disability, incapacity or other circumstance relating to the Issuer or any other
person, including any insolvency, bankruptcy, liquidation, reorganization, readjustment, composition, dissolution, winding up or other proceeding involving or affecting the Issuer or any other person; 

(b) any irregularity, defect, unenforceability or invalidity in respect of any Indebtedness or other obligation of the
Issuer or any other person under this Indenture, the Notes or any other document or instrument; 
 (c) any
failure of the Issuer, whether or not without fault on its part, to perform or comply with any of the provisions of this Indenture or the Notes, or to give notice thereof to a Subsidiary Guarantor; 

(d) the taking or enforcing or exercising or the refusal or neglect to take or enforce or exercise any right or remedy
from or against the Issuer or any other person or their respective assets or the release or discharge of any such right or remedy; 

(e) the granting of time, renewals, extensions, compromises, concessions, waivers, releases, discharges and other
indulgences to the Issuer or any other Person; 
 (f) any change in the time, manner or place of payment of, or
in any other term of, any of the Notes, or any other amendment, variation, supplement, replacement or waiver of, or any consent to departure from, any of the Notes or this Indenture, including, without limitation, any increase or decrease in the
principal amount of or premium, if any, or interest on any of the Notes; 
 (g) any change in the ownership,
control, name, objects, businesses, assets, capital structure or constitution of the Issuer or a Subsidiary Guarantor; 
  

 -104- 

 (h) any merger or amalgamation of the Issuer or a Subsidiary Guarantor with
any Person or Persons; 
 (i) the occurrence of any change in the laws, rules, regulations or ordinances of any
jurisdiction by any present or future action of any governmental authority or court amending, varying, reducing or otherwise affecting, or purporting to amend, vary, reduce or otherwise affect, any of the Issuer’s obligations under the Notes or
this Indenture or the obligations of a Subsidiary Guarantor under its Subsidiary Guarantee; and 
 (j) any other
circumstance (other than by complete, irrevocable payment), including release of any other Subsidiary Guarantor pursuant to Section 12.4, that might otherwise constitute a legal or equitable discharge or defense of the Issuer under this
Indenture or the Notes or of a Subsidiary Guarantor in respect of its Subsidiary Guarantee under this Indenture. 
 SECTION
12.13. Waiver. 
 Without in any way limiting the provisions of Section 12.1 hereof, each Subsidiary
Guarantor hereby waives notice of acceptance hereof, notice of any liability of any Subsidiary Guarantor under this Indenture, notice or proof of reliance by the Holders upon the obligations of any Subsidiary Guarantor under this Indenture, and
diligence, presentment, demand for payment on the Issuer, protest, notice of dishonor or non-payment of any of the Issuer’s obligations, under the notes or this Indenture, or other notice or formalities to the Issuer or any Subsidiary Guarantor
of any kind whatsoever. 
 SECTION 12.14. No Obligation To Take Action Against the Issuer. 

Neither the Trustee nor any other Person shall have any obligation to enforce or exhaust any rights or remedies or to take any other steps
under any security for the Issuer’s obligations under the notes or this Indenture, or against the Issuer or any other Person or any Property of the Issuer or any other Person before the Trustee is entitled to demand payment and performance by
any or all Subsidiary Guarantors of their liabilities and obligations under their Subsidiary Guarantees or under this Indenture. 

SECTION 12.15. Dealing with the Issuer and Others. 

The Holders, without releasing, discharging, limiting or otherwise affecting in whole or in part the obligations and liabilities of any
Subsidiary Guarantor under this Indenture and without the consent of or notice to any Subsidiary Guarantor, may 

(a) grant time, renewals, extensions, compromises, concessions, waivers, releases, discharges and other indulgences to the
Issuer or any other Person; 
 (b) take or abstain from taking security or collateral from the Issuer or from
perfecting security or collateral of the Issuer; 
 (c) release, discharge, compromise, realize, enforce or
otherwise deal with or do any act or thing in respect of (with or without consideration) any and all collateral, mortgages or other security given by the Issuer or any third party with respect to the obligations or matters contemplated by this
Indenture or the Notes; 
 (d) accept compromises or arrangements from the Issuer; 

 

 -105- 

 (e) apply all monies at any time received from the Issuer or from any
security upon such part of the Issuer’s obligations under the Notes and this Indenture as the Holders may see fit or change any such application in whole or in part from time to time as the Holders may see fit; and 

(f) otherwise deal with, or waive or modify their right to deal with, the Issuer and all other Persons and any security as
the Holders or the Trustee may see fit. 
 SECTION 12.16. Default and Enforcement. 

If any Subsidiary Guarantor fails to pay in accordance with Section 12.6 hereof, the Trustee may proceed in its name as trustee under
this Indenture in the enforcement of the Subsidiary Guarantee of any such Subsidiary Guarantor and such Subsidiary Guarantor’s obligations thereunder and under this Indenture by any remedy provided by law, whether by legal proceedings or
otherwise, and to recover from such Subsidiary Guarantor its obligations thereunder and under this Indenture. 
 SECTION 12.17.
Amendment, Etc. 
 No amendment, modification or waiver of any provision of this Indenture relating to any
Subsidiary Guarantor or consent to any departure by any Subsidiary Guarantor or any other Person from any such provision will in any event be effective unless it is signed by such Subsidiary Guarantor and the Trustee. 

SECTION 12.18. Acknowledgment. 

Each Subsidiary Guarantor hereby acknowledges communication of the terms of this Indenture and the Notes and consents to and approves of
the same. 
 SECTION 12.19. Costs and Expenses. 

Each Subsidiary Guarantor shall pay on demand by the Trustee any and all reasonable costs, fees and expenses (including, without
limitation, legal fees on a solicitor and client basis) incurred by the Trustee, its agents, advisors and counsel or any of the Holders in enforcing any of their rights under any Subsidiary Guarantee. 

SECTION 12.20. No Merger or Waiver; Cumulative Remedies. 

No Subsidiary Guarantee shall operate by way of merger of any of the obligations of a Subsidiary Guarantor under any other agreement,
including, without limitation, this Indenture. No failure to exercise and no delay in exercising, on the part of the Trustee or the Holders, any right, remedy, power or privilege under this Indenture or under this Indenture or the Notes, shall
operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege under this Indenture or under this Indenture or the Notes preclude any other or further exercise thereof or the exercise of any other
right, remedy, power or privilege. The rights, remedies, powers and privileges in the Subsidiary Guarantee and under this Indenture, the Notes and any other document or instrument between a Subsidiary Guarantor and/or the Issuer and the Trustee are
cumulative and not exclusive of any rights, remedies, powers and privilege provided by law. 
  

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 SECTION 12.21. Survival of Obligations. 

Without prejudice to the survival of any of the other obligations of each Subsidiary Guarantor under this Indenture, the obligations of
each Subsidiary Guarantor under Section 12.1 shall survive the payment in full of the Issuer’s obligations under the Notes and this Indenture and shall be enforceable against such Subsidiary Guarantor without regard to and without giving
effect to any defense, right of offset or counterclaim available to or which may be asserted by the Issuer or any Subsidiary Guarantor. 

SECTION 12.22. Subsidiary Guarantee in Addition to Other Obligations. 

The obligations of each Subsidiary Guarantor under its Subsidiary Guarantee and this Indenture are in addition to and not in substitution
for any other obligations to the Trustee or to any of the Holders in relation to this Indenture or the Notes and any guarantees or security at any time held by or for the benefit of any of them. 

SECTION 12.23. Severability. 

Any provision of this Article XII which is prohibited or unenforceable in any jurisdiction shall not invalidate the remaining provisions
and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction unless its removal would substantially defeat the basic intent, spirit and purpose of this
Indenture and this Article XII. 
 SECTION 12.24. Successors and Assigns. 

Each Subsidiary Guarantee shall be binding upon and inure to the benefit of each Subsidiary Guarantor and the Trustee and the other
Holders and their respective successors and permitted assigns, except that no Subsidiary Guarantor may assign any of its obligations under this Indenture or thereunder. 

SECTION 12.25. Waiver of Jury Trial. 

EACH OF THE ISSUER, EACH SUBSIDIARY GUARANTOR AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY. 
  

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 SIGNATURES 

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

  

					
	CHAPARRAL ENERGY, INC.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name:	 	Mark A. Fischer
		 	Title:	 	President & CEO
	
	GUARANTORS:
	
	CHAPARRAL ENERGY, L.L.C.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name:	 	Mark A. Fischer
		 	Title:	 	Manager
	
	NORAM PETROLEUM, L.L.C.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name:	 	Mark A. Fischer
		 	Title:	 	Manager
	
	CHAPARRAL RESOURCES, L.L.C.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name:	 	Mark A. Fischer
		 	Title:	 	Manager

  

 S-1 

					
	CHAPARRAL
CO2, L.L.C.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name:	 	Mark A. Fischer
		 	Title:	 	Manager
	
	CHAPARRAL REAL ESTATE, L.L.C.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name:	 	Mark A. Fischer
		 	Title:	 	Manager
	
	CEI ACQUISITION, L.L.C.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name:	 	Mark A. Fischer
		 	Title:	 	Manager
	
	CEI PIPELINE, L.L.C.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name:	 	Mark A. Fischer
		 	Title:	 	Manager
	
	GREEN COUNTRY SUPPLY, INC.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name:	 	Mark A. Fischer
		 	Title:	 	President
	
	CHAPARRAL EXPLORATION, L.L.C.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name:	 	Mark A. Fischer
		 	Title:	 	Manager

  

 S-2 

					
	ROADRUNNER DRILLING, L.L.C.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name:	 	Mark A. Fischer
		 	Title:	 	Manager

  

 S-3 

			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

		
	By:	 	 /s/ Patrick Giordano

		 	Patrick Giordano
		 	Vice President

  

 S-4 

 EXHIBIT A 

[Insert the Global Note Legend, if applicable pursuant to the provisions of the Indenture] 

[Insert the Private Placement Legend, if applicable pursuant to the provisions of the Indenture] 

[Insert the Regulation S Temporary Global Note Legend, if applicable pursuant to the provisions of the Indenture] 

 

 A-1 

 CUSIP No.: [    ] 

CHAPARRAL ENERGY, INC. 

9.875% SENIOR NOTE DUE 2020 
  

			
	No. [    ]	  	$[    ]

CHAPARRAL ENERGY, INC., a Delaware corporation (the “Issuer,” which term includes any successor entities), for value received
promises to pay to CEDE & CO. or registered assigns the principal sum of [        ] Dollars on October 1, 2020. 

Interest Payment Dates: April 1 and October 1, commencing April 1, 2011. 

Record Dates: March 15 and September 15. 

Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same effect as if set
forth at this place. 
  

 A-2 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officers and a facsimile of its corporate seal to be affixed hereto or imprinted hereon. 
  

					
	CHAPARRAL ENERGY, INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 Dated: 

Certificate of Authentication 

This is one of the 9.875% Senior Notes due 2020 referred to in the within-mentioned Indenture. 

 

			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

		
	By:	 	  

		 	Authorized Signatory

 Date of Authentication:

  

 A-3 

 (REVERSE OF SECURITY) 

9.875% Senior Note due 2020 

(1) Interest. CHAPARRAL ENERGY, INC. (the “Issuer”) promises to pay interest on the principal amount of this Note at the
rate per annum shown above and Liquidated Damages, if any, payable pursuant to Section 2(d) of the Registration Rights Agreement referred to below. Interest on the Notes will accrue from the most recent date on which interest has been paid or,
if no interest has been paid, from September 16, 2010. The Issuer will pay interest and Liquidated Damages, if any, semi-annually in arrears on each Interest Payment Date, commencing April 1, 2011. Interest will be computed on the basis of
a 360-day year of twelve 30-day months and, in the case of a partial month, the actual number of days elapsed. 
 The Issuer
shall pay interest on overdue principal and on overdue installments of interest and Liquidated Damages, if any, from time to time on demand at a rate of 0.5 percentage points per annum in excess of the rate borne by the Notes and on overdue
installments of interest (without regard to any applicable grace periods) to the extent lawful. 
 (2) Method of Payment.
The Issuer shall pay interest and Liquidated Damages, if any, on the Notes (except defaulted interest) to the Persons who are the registered Holders at the close of business on the Record Date immediately preceding the Interest Payment Date even if
the Notes are canceled on registration of transfer or registration of exchange after such Record Date. Holders must surrender Notes to a Paying Agent to collect principal payments. The Issuer shall pay principal, premium and Liquidated Damages, if
any, and interest in money of the United States that at the time of payment is legal tender for payment of public and private debts (“U.S. Legal Tender”). The Issuer may deliver any such interest payment to the Paying Agent or to a Holder
at the Holder’s registered address. 
 (3) Paying Agent and Registrar. Initially, Wells Fargo Bank, National
Association (the “Trustee”) will act as Paying Agent and Registrar. The Issuer may change any Paying Agent, Registrar or co-Registrar without notice to the Holders. 

(4) Indenture. The Issuer issued the Notes under an Indenture, dated as of September 16, 2010 (the “Indenture”),
among the Issuer, the Guarantors and the Trustee. This Note is one of a duly authorized issue of Notes of the Issuer designated as its 9.875% Senior Notes due 2020 (the “Notes”). The Notes include any Additional Notes. The Notes and any
Additional Notes are treated as a single class of securities under the Indenture. Capitalized terms herein are used as defined in the Indenture unless otherwise defined herein. The terms of the Notes include those stated in the Indenture and those
made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S. Code §§ 77aaa-77bbbb) (the “TIA”), as in effect on the date of the Indenture. Notwithstanding anything to the contrary herein, the Notes are
subject to all such terms, and Holders of Notes are referred to the Indenture and said Act for a statement of them. The Notes are general unsecured obligations of the Issuer. Payment on each Note is guaranteed on a senior basis by the Subsidiary
Guarantors pursuant to Article 12 of the Indenture. Each Holder, by accepting a Note, agrees to be bound by all of the terms and provisions of the Indenture, as the same may be amended from time to time in accordance with its terms. 

(5) Redemption. (a) Except as set forth in Sections 3.3(b) and (c) of the Indenture, the Issuer will not be entitled to
redeem the Notes at its option prior to October 1, 2015. The Notes will be redeemable, at the Issuer’s option, in whole at any time or in part from time to time, on and after October 1, 2015, upon not less than 30 nor more than 60
days’ prior notice, at the following Redemption Prices (expressed as percentages of the principal amount thereof) if redeemed during the twelve-month period commencing on October 1 of the years set forth below, plus, in each case, unpaid
accrued interest and Liquidated Damages, if any, thereon to the date of redemption: 
  

				
	 Year
	  	Percentage	 
		
	 2015
	  	104.938	% 
	 2016
	  	103.292	% 
	 2017
	  	101.646	% 
	 2018 and thereafter
	  	100.000	% 

  

 A-4 

 (b) At any time, or from time to time, on or prior to October 1, 2013, the Issuer may,
at its option, use all or a portion of the Net Cash Proceeds of one or more Equity Offerings to redeem up to 35% of the aggregate principal amount of the Notes (including any Additional Notes) issued under the Indenture at a redemption price equal
to 109.875% of the aggregate principal amount of the Notes to be redeemed, plus unpaid accrued interest and Liquidated Damages, if any, thereon to the date of redemption; provided that: (1) at least 65% of the aggregate principal amount
of Notes issued under the Indenture on the Issue Date remains outstanding immediately after giving effect to any such redemption; and (2) the Issuer makes such redemption not more than 90 days after the consummation of any such Equity
Offering. 
 (c) In addition, the Notes may be redeemed, in whole or in part, at any time prior to October 1, 2015 at the
option of the Issuer upon not less than 30 nor more than 60 days’ prior notice mailed by first-class mail to each Holder at its registered address, at a redemption price equal to 100% of the principal amount of the Notes redeemed plus the
Applicable Premium as of, and accrued and unpaid interest to, the applicable redemption date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date). 

(6) Notice of Redemption. Notice of redemption will be mailed at least 30 days but not more than 60 days before the Redemption
Date to each Holder of Notes to be redeemed at such Holder’s registered address. Notes in denominations larger than $2,000 may be redeemed in part. 

Except as set forth in the Indenture, if monies for the redemption of the Notes called for redemption shall have been deposited with the
Paying Agent for redemption on such Redemption Date, then, unless the Issuer defaults in the payment of such Redemption Price plus accrued interest and Liquidated Damages, if any, the Notes called for redemption will cease to bear interest from and
after such Redemption Date and the only right of the Holders of such Notes will be to receive payment of the Redemption Price plus accrued interest and Liquidated Damages, if any. 

(7) Offers to Purchase. Sections 4.15 and 4.16 of the Indenture provide that, upon the occurrence of a Change of Control (as
defined in the Indenture) and after certain Asset Dispositions (as defined in the Indenture), and subject to further limitations contained therein, the Issuer will make an offer to purchase certain amounts of the Notes in accordance with the
procedures set forth in the Indenture. 
 (8) Denominations; Transfer; Exchange. The Notes are in registered form,
without coupons, and (except Notes issued as payment of Interest) in denominations of at least $2,000 and integral multiples of $1,000 thereafter. A Holder shall register the transfer of or exchange Notes in accordance with the Indenture. The
Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. The
Registrar need not register the transfer of or exchange of any Notes or portions thereof selected for redemption. 
  

 A-5 

 (9) Persons Deemed Owners. The registered Holder of a Note shall be treated as the
owner of it for all purposes. 
 (10) Unclaimed Money. If money for the payment of principal or interest remains
unclaimed for one year, the Trustee and the Paying Agent will pay the money back to the Issuer. After that, all liability of the Trustee and such Paying Agent with respect to such money shall cease. 

(11) Discharge Prior to Redemption or Maturity. If the Issuer at any time deposits with the Trustee U.S. Legal Tender or U.S.
Government Obligations sufficient to pay the principal of and interest on the Notes to redemption or maturity and comply with the other provisions of the Indenture relating thereto, the Issuer will be discharged from certain provisions of the
Indenture and the Notes (including certain covenants, but including, under certain circumstances, its obligation to pay the principal of and interest on the Notes but without affecting the rights of the Holders to receive such amounts from such
deposits). 
 (12) Amendment; Supplement; Waiver. Subject to certain exceptions set forth in the Indenture, the Indenture
or the Notes or the Subsidiary Guarantees may be amended or supplemented with the written consent of the Holders of not less than a majority in aggregate principal amount of the Notes then outstanding, and any past Default or Event of Default or
noncompliance with any provision may be waived with the written consent of the Holders of not less than a majority in aggregate principal amount of the Notes then outstanding. Without notice to or consent of any Holder, the parties thereto may amend
or supplement the Indenture or the Notes to, among other things, cure any ambiguity, defect or inconsistency, provide for uncertificated Notes in addition to or in place of certificated Notes, comply with any requirements of the SEC in order to
effect or maintain the qualification of the Indenture under the TIA or comply with Article V of the Indenture or make any other change that does not adversely affect the rights of any Holder of a Note. 

(13) Restrictive Covenants. The Indenture imposes certain limitations on the ability of the Issuer and its Restricted Subsidiaries
to, among other things, incur additional Indebtedness, make payments in respect of their Capital Stock or certain Indebtedness, make certain Investments, create or incur liens, enter into transactions with Affiliates, create dividend or other
payment restrictions affecting Restricted Subsidiaries, issue Preferred Stock of their Restricted Subsidiaries, and on the ability of the Issuer and its Restricted Subsidiaries to merge or consolidate with any other Person or sell, assign, transfer,
lease, convey or otherwise dispose of all or substantially all of the Issuer’s and its Restricted Subsidiaries’ assets or adopt a plan of liquidation. Such limitations are subject to a number of important qualifications and exceptions.
Pursuant to Section 4.6 of the Indenture, the Issuer must annually report to the Trustee on compliance with such limitations. 

(14) Successors. When a successor assumes, in accordance with the Indenture, all the obligations of its predecessor under the
Notes and the Indenture, the predecessor, subject to certain exceptions, will be released from those obligations. 
 (15)
Defaults and Remedies. Except as set forth in the Indenture, if an Event of Default occurs and is continuing, the Trustee or the Holders of not less than 25% in principal amount of Notes then outstanding may declare all the Notes to be due
and payable in the manner, at the time and with the effect provided in the Indenture. Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the Notes
unless it has received indemnity or security satisfactory to it. The Indenture permits, subject to certain limitations therein provided, Holders of a majority in aggregate principal amount of the Notes then outstanding to direct the Trustee in its
exercise of any trust or power. The Trustee may withhold from Holders of Notes notice of any continuing Default or Event of Default (except a Default in payment of principal, premium or Liquidated Damages, if any, or interest when due, for any
reason or a Default in compliance with Article V of the Indenture) if it determines that withholding notice is in their interest. 
  

 A-6 

 (16) Trustee Dealings with Issuer. The Trustee under the Indenture, in its individual
or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with the Issuer, its respective Subsidiaries or its respective Affiliates as if it were not the Trustee. 

(17) No Recourse Against Others. No partner, director, officer, employee or stockholder, as such, of the Issuer or any Subsidiary
Guarantor, as such, shall have any liability for any obligations of the Issuer or any Subsidiary Guarantor under the Notes, the Indenture or the Subsidiary Guarantees or for any claim based on, in respect of, or by reason of, such obligations or
their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Notes. 

(18) Subsidiary Guarantees. This Note will be entitled to the benefits of certain Subsidiary Guarantees, if any, made for the
benefit of the Holders. Reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and obligations thereunder of the Subsidiary Guarantors, the Trustee and the Holders. 

(19) Authentication. This Note shall not be valid until the Trustee or Authenticating Agent manually signs the certificate of
authentication on this Note. 
 (20) Governing Law. This Note and the Indenture shall be governed by and construed in
accordance with the laws of the State of New York. Each of the parties hereto agrees to submit to the jurisdiction of the courts of the State of New York in any action or proceeding arising out of or relating to this Note. 

(21) Abbreviations and Defined Terms. Customary abbreviations may be used in the name of a Holder of a Note or an assignee, such
as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

(22) Additional Rights of Holders. In addition to the rights provided to Holders of Notes under the Indenture, Holders of
this Note will have all the rights set forth in the Registration Rights Agreement dated as of September 16, 2010, among the Issuer, the Guarantors and the other parties named on the signature pages thereof or, in the case of Additional Notes,
Holders thereof will have the rights set forth in one or more registration rights agreements, if any, among the Issuer, the Guarantors and the other parties thereto, relating to rights given by the Issuer and the Guarantors to the purchasers of any
Additional Notes (collectively, the “Registration Rights Agreement”). 
 (22) CUSIP Numbers. Pursuant to a
recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Notes as a convenience to the Holders of the Notes. No representation is made as to the accuracy of
such numbers as printed on the Notes and reliance may be placed only on the other identification numbers printed hereon. 
 The
Issuer will furnish to any Holder of a Note upon written request and without charge a copy of the Indenture, which has the text of this Note, and/or the Registration Rights Agreement. Requests may be made to: Chaparral Energy, Inc., 701 Cedar Lake
Boulevard, Oklahoma City, OK 73114. 
  

 A-7 

 ASSIGNMENT FORM 

If you the Holder want to assign this Note, fill in the form below and have your signature guaranteed: 

I or we assign and transfer this Note to: 
  

 
  
  

 
  

 
 (Print or type name, address and
zip code and 
 social security or tax ID number of assignee) 

and irrevocably appoint
                                         
                               , agent to transfer this Note on the books of the Issuer.
The agent may substitute another to act for him. 
  

							
	Dated:                         	 		 	Signed:	 	  

		 		 		 	 (Sign exactly as your name appears

on the other side of this Note)

Signature
Guarantee:                                       
                  
 In connection with
any transfer of this Note occurring prior to the date which is the earlier of (i) the date of the declaration by the SEC of the effectiveness of a registration statement under the Securities Act of 1933, as amended (the “Securities
Act”) covering resales of this Note (which effectiveness shall not have been suspended or terminated at the date of the transfer) and (ii) September 16, 2012, the undersigned confirms that it has not utilized any general solicitation or
general advertising in connection with the transfer: 
  

 A-8 

 [Check One] 

 

					
	(1)	 	__	  	to the Issuer or a subsidiary thereof; or
			
	(2)	 	__	  	pursuant to and in compliance with Rule 144A under the Securities Act of 1933, as amended; or
			
	(3)	 	__	  	to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933, as amended) that has furnished to the Trustee a
signed letter containing certain representations and agreements (the form of which letter can be obtained from the Trustee); or
			
	(4)	 	__	  	outside the United states to a “foreign person” in compliance with Rule 904 of Regulation S under the Securities Act of 1933, as amended; or
			
	(5)	 	__	  	pursuant to the exemption from registration provided by Rule 144 under the Securities Act of 1933, as amended; or
			
	(6)	 	__	  	pursuant to an effective registration statement under the Securities Act of 1933, as amended; or
			
	(7)	 	__	  	pursuant to another available exemption from the registration requirements of the Securities Act of 1933, as amended.

and unless the box below is checked, the undersigned confirms that such Note is not being transferred to an “affiliate” of the Issuer as
defined in Rule 144 under the Securities Act of 1933, as amended (an “Affiliate”): 
  

	 	 ̈	The transferee is an Affiliate of the Issuer. 

Unless one of the items is checked, the Trustee will refuse to register any of the Notes evidenced by this certificate in the name of any person other
than the registered Holder thereof unless and until the conditions to any such transfer of registration set forth herein and in Section 2.6 of the Indenture shall have been satisfied; provided, however, that if item (3), (4),
(5) or (7) is checked, the Issuer may require, prior to registering any such transfer of the Notes, in its sole discretion, such written legal opinions, certifications (including an investment letter in the case of box (3) or
(4)) and other information the Issuer has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933, as
amended. 
  

							
	Dated:                         	 		 	Signed:	 	  

		 		 		 	 (Sign exactly as your name appears

on the other side of this Note)

Signature
Guarantee:                                       
                  
 TO BE COMPLETED BY
PURCHASER IF (2) ABOVE IS CHECKED 
 The undersigned represents and warrants that it is purchasing this Note for its own
account or an account with respect to which it exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act of

  

 A-9 

 
1933, as amended and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding the Issuer as the undersigned has
requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon the undersigned’s foregoing representations in order to claim the exemption from registration provided by
Rule 144A. 
  

					
	Dated:                         	 		 	  

		 		 	NOTICE: To be executed by an executive officer

  

 A-10 

 [OPTION OF HOLDER TO ELECT PURCHASE] 

If you want to elect to have this Note purchased by the Issuer pursuant to Section 4.15 or Section 4.16 of the Indenture, check
the appropriate box: 
  

			
	Section 4.15 [    ]	  	Change of Control Offer
	Section 4.16 [    ]	  	Limitation on Sales of Assets and Subsidiary Stock

If you want to elect to have only part of this Note purchased by the Issuer pursuant to Section 4.15 or Section 4.16 of the
Indenture, state the amount you elect to have purchased: 

$                     

 

					
	Dated:                         	 		 	  

		 		 	NOTICE: The signature on this assignment must correspond with the name as it appears upon the face of the within Note in every particular without alteration or enlargement or any
change whatsoever and be guaranteed.

 Signature Guarantee:
                                         
                
  

 A-11 

 EXHIBIT B 

Form of Certificate of Transfer 

[                    ],
[    ] 
 Wells Fargo Bank, National Association 

1445 Ross Avenue, 2nd Floor 
 Dallas, Texas 75202

 Attn: Corporate Trust Group 
 Ladies
and Gentlemen: 
 Reference is hereby made to the Indenture, dated as of September 16, 2010 (the
“Indenture”), among the Issuer, the Guarantors and the Trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

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

1. [    ] CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN THE 144A GLOBAL NOTE OR A DEFINITIVE
NOTE PURSUANT TO RULE 144A. The Transfer is being effected pursuant to and in accordance with Rule 144A under the United States Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, the Transferor hereby
further certifies that the beneficial interest or Definitive Note is being transferred to a Person that the Transferor reasonably believes is purchasing the beneficial interest or Definitive Note for its own account, or for one or more accounts with
respect to which such Person exercises sole investment discretion, and such Person and each such account is a “qualified institutional buyer” within the meaning of Rule 144A in a transaction meeting the requirements of Rule 144A and such
Transfer is in compliance with any applicable blue sky securities laws of any state of the United States. 
 2.
[    ] CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN THE REGULATION S GLOBAL NOTE OR A DEFINITIVE NOTE PURSUANT TO REGULATION S. The Transfer is being effected pursuant to and in accordance with Rule 903 or
Rule 904 under the Securities Act and, accordingly, the Transferor hereby further certifies that (i) the Transfer is not being made to a person in the United States and (x) at the time the buy order was originated, the Transferee was
outside the United States or such Transferor and any Person acting on its behalf reasonably believed and believes that the Transferee was outside the United States or (y) the transaction was executed in, on or through the facilities of a
designated offshore securities market and neither such Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the United States, (ii) no directed selling efforts have been made in contravention
of the requirements of Rule 903(b) or Rule 904(b) of Regulation S under the Securities Act (iii) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act and (iv) if the proposed transfer
is being made prior to the expiration of the Restricted Period, the transfer is not being made to a U.S. Person or for the account or benefit of a U.S. Person (other than an Initial Purchaser). Upon consummation of

  

 B-1 

 
the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be subject to the restrictions on Transfer enumerated in the
Indenture and the Securities Act. 
 3. [    ] CHECK AND COMPLETE IF TRANSFEREE WILL TAKE DELIVERY OF A
BENEFICIAL INTEREST IN THE DEFINITIVE NOTE PURSUANT TO ANY PROVISION OF THE SECURITIES ACT OTHER THAN RULE 144A OR REGULATION S. The Transfer is being effected in compliance with the transfer restrictions applicable to beneficial interests in
Restricted Global Notes and Restricted Definitive Notes and pursuant to and in accordance with the Securities Act and any applicable blue sky securities laws of any state of the United States, and accordingly the Transferor hereby further certifies
that (check one): 
 (a) [    ] such Transfer is being effected pursuant to and in accordance
with Rule 144 under the Securities Act; 
 or 

(b) [    ] such Transfer is being effected to the Issuer or a subsidiary thereof; 

or 

(c) [    ] such Transfer is being effected pursuant to an effective registration statement under the
Securities Act and in compliance with the prospectus delivery requirements of the Securities Act. 
 4.
[    ] CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN AN UNRESTRICTED GLOBAL NOTE OR OF AN UNRESTRICTED DEFINITIVE NOTE. 

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

(b) [    ] CHECK IF TRANSFER IS PURSUANT TO REGULATION S. (i) The Transfer is being effected pursuant to and in
accordance with Rule 903 or Rule 904 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on
transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred
beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in the Indenture. 

(c) [    ] CHECK IF TRANSFER IS PURSUANT TO OTHER EXEMPTION. (i) The Transfer is being effected pursuant to and
in compliance with an exemption from the registration 
  

 B-2 

 
requirements of the Securities Act other than Rule 144, Rule 903 or Rule 904 and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities
laws of any State of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed
Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will not be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes or
Restricted Definitive Notes and in the Indenture. 
  

 B-3 

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

					
	[Insert Name of Transferor]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 Dated:
                         
  

 B-4 

 ANNEX A TO CERTIFICATE OF TRANSFER 

 

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

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

	(a)	[    ] a beneficial interest in the: 

  

	 	(i)	[    ] 144A Global Note (CUSIP 15941RAL4), or 

  

	 	(ii)	[    ] Regulation S Global Note (CUSIP U16002AE4), or 

  

	(b)	[    ] a Restricted Definitive Note. 

  

	2.	After the Transfer the Transferee will hold: 

[CHECK ONE] 
  

	(a)	[    ] a beneficial interest in the: 

  

	 	(i)	[    ] 144A Global Note (CUSIP 15941RAL4), or 

  

	 	(ii)	[    ] Regulation S Global Note (CUSIP U16002AE4), or 

  

	 	(iv)	[    ] Unrestricted Global Note (CUSIP 15941RAK6) 

  

	(b)	[    ] a Restricted Definitive Note; or 

  

	(c)	[    ] an Unrestricted Definitive Note 

  

 B-5 

 EXHIBIT C 

Form of Certificate of Exchange 

[                    ],
[    ] 
 Wells Fargo Bank, National Association 

1445 Ross Avenue, 2nd Floor 
 Dallas, Texas 75202

 Attn: Corporate Trust Group 
  

	 	Re:	Chaparral Energy, Inc. (the “Issuer”) 9.875% Senior Notes due 2020 (the “Notes”) 

Ladies and Gentlemen: 

Reference is hereby made to the Indenture, dated as of September 16, 2010 (the “Indenture”), among the Issuer, the
Guarantors and the Trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

                      
           (the “Owner”) owns and proposes to exchange the Note[s] or interest in such Note[s] specified herein, in the principal amount of
$                     in such Note[s] or interests (the “Exchange”). In connection with the Exchange, the Owner hereby
certifies that: 
 (1) EXCHANGE OF RESTRICTED DEFINITIVE NOTES OR BENEFICIAL INTERESTS IN A RESTRICTED GLOBAL NOTE FOR
UNRESTRICTED DEFINITIVE NOTES OR BENEFICIAL INTERESTS IN AN UNRESTRICTED GLOBAL NOTE 
 (a)
[    ] CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED GLOBAL NOTE TO BENEFICIAL INTEREST IN AN UNRESTRICTED GLOBAL NOTE. In connection with the Exchange of the Owner’s beneficial interest in a Restricted
Global Note for a beneficial interest in an Unrestricted Global Note in an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such
Exchange has been effected in compliance with the transfer restrictions applicable to the Global Notes and pursuant to and in accordance with the United States Securities Act of 1933, as amended (the “Securities Act”),
(iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest in an Unrestricted Global Note is
being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 

(b) [    ] CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED GLOBAL NOTE TO UNRESTRICTED
DEFINITIVE NOTE. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Definitive Note is being acquired for the Owner’s
own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions

  

 C-1 

 
on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Definitive Note is being
acquired in compliance with any applicable blue sky securities laws of any state of the United States. 
 (c)
[    ] CHECK IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE TO BENEFICIAL INTEREST IN AN UNRESTRICTED GLOBAL NOTE. In connection with the Owner’s Exchange of a Restricted Definitive Note for a beneficial interest in an
Unrestricted Global Note, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions
applicable to Restricted Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance
with the Securities Act and (iv) the beneficial interest is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 

(d) [    ] CHECK IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE TO UNRESTRICTED DEFINITIVE NOTE. In
connection with the Owner’s Exchange of a Restricted Definitive Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Unrestricted Definitive Note is being acquired for the Owner’s own account without transfer,
(ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the
Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Unrestricted Definitive Note is being acquired in compliance with any applicable blue sky securities laws of any
state of the United States. 
 (2) EXCHANGE OF RESTRICTED DEFINITIVE NOTES OR BENEFICIAL INTERESTS IN RESTRICTED GLOBAL NOTES
FOR RESTRICTED DEFINITIVE NOTES OR BENEFICIAL INTERESTS IN RESTRICTED GLOBAL NOTES 
 (a)
[    ] CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED GLOBAL NOTE TO RESTRICTED DEFINITIVE NOTE. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a Restricted
Definitive Note with an equal principal amount, the Owner hereby certifies that the Restricted Definitive Note is being acquired for the Owner’s own account without transfer. Upon consummation of the proposed Exchange in accordance with the
terms of the Indenture, the Restricted Definitive Note issued will continue to be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Definitive Note and in the Indenture and the Securities
Act. 
 (b) [    ] CHECK IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE TO BENEFICIAL
INTEREST IN A RESTRICTED GLOBAL NOTE. In connection with the Exchange of the Owner’s Restricted Definitive Note for a beneficial interest in the [CHECK ONE] [    ] 144A Global Note [    ] Regulation S
Global Note, with an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer and (ii) such Exchange has been effected in compliance with the
transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the Securities Act, and in compliance with 

 

 C-2 

 
any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the beneficial interest issued
will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the relevant Restricted Global Note and in the Indenture and the Securities Act. 

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

 

					
	[Insert Name of Transferor]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 Dated:
                         
  

 C-3 

 EXHIBIT D 

FORM OF SUBSIDIARY GUARANTEE NOTATION 

For value received, each Subsidiary Guarantor (which term includes any successor Person under the Indenture) has, jointly and severally,
unconditionally guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture, dated as of September 16, 2010 (the “Indenture”), among Chaparral Energy, Inc., as the Issuer, the Guarantors party
thereto and Wells Fargo Bank, National Association, as trustee (the “Trustee”), the cash payments in United States dollars of principal of, premium, if any, and interest on this Note in the amounts and at the times when due and interest on
the overdue principal, premium, if any, and interest, if any, of this Note, if lawful, and the payment or performance of all other obligations of the Issuer under the Indenture or the Notes, to the Holder of this Note and the Trustee, all in
accordance with and subject to the terms and limitations of this Note, Article XII of the Indenture and this Notation of Subsidiary Guarantee. The obligations of the Subsidiary Guarantors to the Holders of Notes and to the Trustee pursuant to the
Subsidiary Guarantee and the Indenture are expressly set forth in Article XII of the Indenture and reference is hereby made to the Indenture for the precise terms of the Subsidiary Guarantee. Each Holder of a Note, by accepting the same, agrees to
and shall be bound by such provisions. 
 THIS NOTATION OF SUBSIDIARY GUARANTEE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. Each Subsidiary Guarantor hereby agrees to submit to the jurisdiction of the courts of the State of New York in any action or proceeding arising out of or relating to this Subsidiary Guarantee.

 The Subsidiary Guarantee is subject to release upon the terms set forth in the Indenture. 

Capitalized terms used but not defined herein have the meanings given to them in the Indenture. 

 

 D-1 

 IN WITNESS WHEREOF, each Subsidiary Guarantor has caused its Notation of Subsidiary
Guarantee to be duly executed. 
 Date: September 16, 2010 

 

					
	CHAPARRAL ENERGY, L.L.C.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	NORAM PETROLEUM, L.L.C.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	CHAPARRAL RESOURCES, L.L.C.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  

 D-2 

					
	CHAPARRAL
CO2, L.L.C.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	CHAPARRAL REAL ESTATE, L.L.C.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	CEI ACQUISITION, L.L.C.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	CEI PIPELINE, L.L.C.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	GREEN COUNTRY SUPPLY, INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  

 D-3 

					
	CHAPARRAL EXPLORATION, L.L.C.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	ROADRUNNER DRILLING, L.L.C.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  

 D-4Purchase Agreement dated as of September 13, 2010, by and among Chaparral Energy

 Exhibit 10.1 

$300,000,000 

CHAPARRAL ENERGY, INC. 

9.875% Senior Notes due 2020 

Purchase Agreement 

September 13, 2010 
 J.P.
Morgan Securities LLC 
 As Representative of the several Initial Purchasers 

listed in Schedule 1 hereto 

c/o J.P. Morgan Securities LLC 
 383 Madison
Avenue 
 New York, New York 10179 

Ladies and Gentlemen: 

Chaparral Energy, Inc., a Delaware corporation (the “Company”), proposes to issue and sell to the several Initial
Purchasers listed in Schedule 1 hereto (the “Initial Purchasers”), for whom you are acting as representative (the “Representative”), $300,000,000 principal amount of its 9.875% Senior Notes due 2020 (the
“Securities”). The Securities will be issued pursuant to an Indenture to be dated as of September 16, 2010 (the “Indenture”) among the Company, the guarantors listed in Schedule 2 hereto (the
“Guarantors”) and Wells Fargo Bank, National Association, as trustee (the “Trustee”) and will be guaranteed on an unsecured senior basis by each of the Guarantors (the “Guarantees”). 

The Securities will be sold to the Initial Purchasers in a transaction not registered under the Securities Act of 1933, as amended (the
“Securities Act”), in reliance upon an exemption therefrom. The Company has prepared a preliminary offering memorandum dated September 7, 2010 (the “Preliminary Offering Memorandum”) and will prepare an
offering memorandum dated the date hereof (the “Offering Memorandum”) setting forth information concerning the Company and the Securities. Copies of the Preliminary Offering Memorandum have been, and copies of the Offering
Memorandum will be, delivered by the Company to the Initial Purchasers pursuant to the terms of this Agreement (as defined in Section 14(g)). The Company hereby confirms that it has authorized the use of the Preliminary Offering Memorandum, the
other Time of Sale Information (as defined below) and the Offering Memorandum in connection with the offering and resale of the Securities by the Initial Purchasers in the manner contemplated by this Agreement. Capitalized terms used but not defined
herein shall have the meanings given to such terms in the Preliminary Offering Memorandum. 

 At or prior to the time when sales of the Securities were first made (the “Time of
Sale”), the following information shall have been prepared (collectively, the “Time of Sale Information”): the Preliminary Offering Memorandum, as supplemented and amended by the written communications listed on Annex
A hereto. 
 Holders of the Securities (including the Initial Purchasers and their direct and indirect transferees) will be
entitled to the benefits of a Registration Rights Agreement to be dated the Closing Date (as defined below) and substantially in the form attached hereto as Exhibit A (the “Registration Rights Agreement”), pursuant to which
the Company and the Guarantors will agree to file one or more registration statements with the Securities and Exchange Commission (the “Commission”) providing for the registration under the Securities Act of the Securities or the
Exchange Securities referred to (and as defined) in the Registration Rights Agreement. 
 The Company hereby confirms its
agreement with the several Initial Purchasers concerning the purchase and resale of the Securities, as follows: 
 1.
Purchase and Resale of the Securities. 
 (a) The Company agrees to issue and sell the Securities to the several Initial
Purchasers as provided in this Agreement, and each Initial Purchaser, agrees, severally and not jointly, to purchase from the Company, in each case, on the basis of the representations, warranties and agreements set forth herein and subject to the
conditions set forth herein, the respective principal amount of Securities set forth opposite such Initial Purchaser’s name in Schedule 1 hereto at a price equal to 95.672% of the principal amount thereof, plus accrued interest, if any,
from September 16, 2010 to the Closing Date. The Company will not be obligated to deliver the Securities except upon payment for all the Securities to be purchased as provided herein. 

(b) The Company understands that the Initial Purchasers intend to offer the Securities for resale on the terms set forth in the Time of
Sale Information and the Offering Memorandum. Each Initial Purchaser, severally and not jointly, represents, warrants and agrees that: 

(i) it is a qualified institutional buyer within the meaning of Rule 144A under the Securities Act (a
“QIB”) and an accredited investor within the meaning of Rule 501(a) under the Securities Act; 
  

 2 

 (ii) neither it nor any Person acting on its behalf has solicited offers
for, or offered or sold, or will solicit offers for, or offer or sell, the Securities by means of any form of general solicitation or general advertising within the meaning of Rule 502(c) of Regulation D under the Securities Act (“Regulation
D”) or in any manner involving a public offering within the meaning of Section 4(2) of the Securities Act; and 

(iii) it has not solicited offers for, or offered or sold, and will not solicit offers for, or offer or sell, the
Securities as part of their initial offering except: 
 (A) within the United States to persons whom it
reasonably believes to be QIBs in transactions pursuant to Rule 144A under the Securities Act (“Rule 144A”) and in connection with each such sale, it has taken or will take reasonable steps to ensure that the purchaser of the
Securities is aware that such sale is being made in reliance on Rule 144A; or 
 (B) in accordance with the
restrictions set forth in Annex C hereto. 
 (c) Each Initial Purchaser acknowledges and agrees that the Company
and, for purposes of the “no registration” opinions to be delivered to the Initial Purchasers pursuant to Sections 6(g) and 6(h), McAfee & Taft A Professional Corporation, as counsel for the Company, and Cahill Gordon &
Reindel LLP as counsel for the Initial Purchasers, respectively, may rely upon the accuracy of the representations and warranties of the Initial Purchasers, and compliance by the Initial Purchasers with their agreements, contained in
paragraph (b) above (including Annex C hereto), and each Initial Purchaser hereby consents to such reliance. 

(d) The Company acknowledges and agrees that the Initial Purchasers may offer and sell Securities to or through any affiliate of an
Initial Purchaser and that any such affiliate may offer and sell Securities purchased by it to or through any Initial Purchaser. 

(e) The Company acknowledges and agrees that the Initial Purchasers are acting solely in the capacity of an arm’s length contractual
counterparty to the Company with respect to the offering of Securities contemplated hereby (including in connection with determining the terms of the offering) and not as a financial advisor or a fiduciary to, or an agent of, the Company or any
other person. Additionally, no Initial Purchaser is advising the Company or any other person as to any legal, tax, investment, accounting or regulatory matters in any jurisdiction. The Company shall consult with its own advisors concerning such
matters and shall be responsible for making their own independent investigation and appraisal of the transactions contemplated hereby, and the Initial Purchasers shall have no responsibility or liability to the Company with respect thereto. Any
review by the Initial Purchasers of the Company, the transactions contemplated hereby or other matters relating to such transactions will be performed solely for the benefit of the Initial Purchasers and shall not be on behalf of the Company.

  

 3 

 2. Payment and Delivery. 

(a) Payment for and delivery of the Securities will be made at the offices of Cahill Gordon & Reindel LLP at
10:00 A.M., New York City time, on September 16, 2010, or at such other time or place on the same or such other date, not later than the fourth business day thereafter, as the Representative and the Company may agree upon in writing. The time
and date of such payment and delivery is referred to herein as the “Closing Date.” 
 (b) Payment for the
Securities shall be made by wire transfer in immediately available funds to the account(s) specified by the Company to the Representative against delivery to the nominee of The Depository Trust Company (“DTC”), for the account of
the Initial Purchasers, of one or more global notes representing the Securities (collectively, the “Global Notes”), with any transfer taxes payable in connection with the sale of the Securities duly paid by the Company. The Global
Notes will be made available for inspection by the Representative not later than 1:00 P.M., New York City time, on the business day prior to the Closing Date. 

3. Representations and Warranties of the Company and the Guarantors. The Company and the Guarantors jointly and severally
represent and warrant to each Initial Purchaser that: 
 (a) Preliminary Offering Memorandum, Time of Sale Information and
Offering Memorandum. The Preliminary Offering Memorandum, as of its date, did not, the Time of Sale Information, at the Time of Sale, did not, and at the Closing Date, will not, and, the Offering Memorandum, in the form first used by the Initial
Purchasers to confirm sales of the Securities does not and as of the Closing Date, will not, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided that the Company and the Guarantors make no representation or warranty with respect to any statements or omissions made in reliance upon and in conformity with information
relating to any Initial Purchaser furnished to the Company in writing by such Initial Purchaser through the Representative expressly for use in the Time of Sale Information or the Offering Memorandum. 

(b) Additional Written Communications. The Company and the Guarantors (including their agents and representatives, other than the
Initial Purchasers in their capacity as such) has not prepared, made, used, authorized, approved or referred to and will not prepare, make, use, authorize, approve or refer to any written communication that constitutes an offer

  

 4 

 
to sell or solicitation of an offer to buy the Securities (each such communication by the Company and the Guarantors or their agents and representatives (other than a communication referred to in
clauses (i), (ii) and (iii) below) an “Issuer Written Communication”) other than (i) the Preliminary Offering Memorandum, (ii) the Offering Memorandum, (iii) the document listed on Annex A hereto,
including a term sheet substantially in the form of Annex B hereto, which constitutes part of the Time of Sale Information, and (iv) any electronic road show or other written communications, in each case used in accordance with
Section 4(c). Each such Issuer Written Communication, when taken together with the Time of Sale Information, did not, and at the Closing Date will not, contain any untrue statement of a material fact or omit to state a material fact necessary
in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that the Company and the Guarantors make no representation and warranty with respect to any statements or
omissions made in each such Issuer Written Communication in reliance upon and in conformity with information relating to any Initial Purchaser furnished to the Company in writing by such Initial Purchaser through the Representative expressly for use
in any Issuer Written Communication. Each Issuer Written Communication does not conflict with the Time of Sale Information or the Offering Memorandum. 

(c) Financial Statements. The historical financial statements and the related notes thereto of the Company and its consolidated
subsidiaries included in each of the Time of Sale Information and the Offering Memorandum present fairly the consolidated financial position of the Company and its subsidiaries as of the dates indicated and the results of their operations and the
changes in their cash flows for the periods specified; such financial statements have been prepared in conformity with generally accepted accounting principles in the United States applied on a consistent basis throughout the periods covered
thereby; the other financial information included in each of the Time of Sale Information and the Offering Memorandum has been derived from the accounting records of the Company and its subsidiaries and presents fairly the information shown thereby;
and the “Summary consolidated historical financial information” and “Selected historical consolidated financial information” set forth in each of the Time of Sale Information and the Offering Memorandum is accurately presented in
all material respects and prepared on a basis consistent with the audited and unaudited historical consolidated financial statements from which it has been derived. 

(d) No Material Adverse Change. Except as disclosed in the Time of Sale Information and the Offering Memorandum, since the date of
the most recent financial statements of the Company included in each of the Time of Sale Information and the Offering Memorandum, (i) there has not been any change in the capital stock or long-term debt of the Company or any of its subsidiaries
(other than borrowings under the ABL Revolving Facility (as defined in Section 14(g)), or any dividend or distribution of any kind declared, set aside for payment, paid or made by the Company on any class of capital stock, or any material
adverse change, or any development involving a prospective material adverse change, in or affecting 
  

 5 

 
the business, properties, consolidated financial position, stockholders’ equity or results of operations of the Company and its subsidiaries taken as a whole; (ii) neither the Company
nor any of its subsidiaries has entered into any transaction or agreement other than in the ordinary course of business; and (iii) neither the Company nor any of its subsidiaries has sustained any loss or interference (including any liability
or obligation) with its business, including from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor disturbance or dispute or any action, order or decree of any court or arbitrator or governmental or
regulatory authority that is material to the Company and its subsidiaries, taken as a whole. 
 (e) Organization and Good
Standing. The Company and each of its subsidiaries have been duly organized and are validly existing and in good standing under the laws of their respective jurisdictions of organization, are duly qualified to do business and are in good
standing in each other jurisdiction in which their respective ownership or lease of property or the conduct of their respective businesses requires such qualification, and have all power and authority necessary to own or lease their respective
properties and to conduct the businesses in which they are engaged, except where the failure to be so qualified or have such power or authority would not, individually or in the aggregate, have a material adverse effect on the business, properties,
consolidated financial position, stockholders’ equity or results of operations of the Company and its subsidiaries taken as a whole or on the performance by the Company and the Guarantors of their obligations under the Securities and the
Guarantees (a “Material Adverse Effect”). The subsidiaries listed in Schedule 2 to this Agreement are the only direct or indirect subsidiaries of the Company other than Oklahoma Ethanol LLC and Chaparral Biofuels, L.L.C.,
which will not be Guarantors. The Company does not own, directly or indirectly, equity securities or similar ownership interests of any entity other than its interests in such subsidiaries. 

(f) Capitalization. The Company has an authorized capitalization as set forth in each of the Time of Sale Information and the
Offering Memorandum under the heading “Capitalization.” The limited partnership agreements or limited liability company agreements governing all outstanding limited partnership interests or limited liability company interests of each
Guarantor have been validly executed and delivered, and all capital contributions required under such limited partnership agreements or limited liability company agreements have been paid in full; and, except as otherwise described in each of the
Time of Sale Information and the Offering Memorandum, the limited partnership interests or limited liability company interests of each Guarantor are owned directly or indirectly by the Company, free and clear of any lien, charge, encumbrance or
security interest, except as otherwise described in the Time of Sale Information and the Offering Memorandum, including without limitation for liens under or permitted by the ABL Revolving Facility. 

 

 6 

 (g) Due Authorization. The Company and each of the Guarantors have full right, power
and authority to execute and deliver this Agreement, the Securities, the Indenture (including each Guarantee set forth therein), the Exchange Securities and the Registration Rights Agreement (to the extent a party thereto) (collectively, the
“Transaction Documents”), and to perform their respective obligations hereunder and thereunder; and all action required to be taken for the due and proper authorization, execution and delivery of each of the Transaction Documents
and the consummation of the transactions contemplated by the Transaction Documents has been duly and validly taken. 
 (h)
The Indenture. The Indenture has been duly authorized by the Company and each of the Guarantors and, when duly executed and delivered in accordance with its terms by each of the parties thereto, will constitute a valid and legally binding
agreement of the Company and each of the Guarantors enforceable against the Company and each of the Guarantors in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium or similar laws now or hereafter in effect relating to or affecting creditors’ rights generally or by general equitable principles regardless of whether enforcement is sought in law or equity (collectively, the
“Enforceability Exceptions”); and on the Closing Date, the Indenture will conform in all material respects to the requirements of the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”), and the
rules and regulations of the Commission applicable to an indenture that is qualified thereunder. 
 (i) The Securities and
the Guarantees. The Securities have been duly authorized by the Company and, when duly executed, authenticated, issued and delivered as provided in the Indenture and paid for as provided herein, will be duly and validly issued and outstanding
and will constitute valid and legally binding obligations of the Company enforceable against the Company in accordance with their terms, subject to the Enforceability Exceptions, and will be entitled to the benefits of the Indenture; and the
Guarantees have been duly authorized by each of the Guarantors and, when the Securities have been duly executed, authenticated, issued and delivered as provided in the Indenture and paid for as provided herein, will be valid and legally binding
obligations of each of the Guarantors, enforceable against each of the Guarantors in accordance with their terms, subject to the Enforceability Exceptions, and will be entitled to the benefits of the Indenture. 

(j) The Exchange Securities. On the Closing Date, the Exchange Securities (including the related guarantees) will have been duly
authorized by the Company and each of the Guarantors and, when duly executed, authenticated, issued and delivered in accordance with the Indenture and as contemplated by the Registration Rights Agreement, will constitute valid and legally binding
obligations of the Company, as issuer, and each of the Guarantors, as guarantor, enforceable against the Company and each of the Guarantors in accordance with their terms, subject to the Enforceability Exceptions, and will be entitled to the
benefits of the Indenture. 
  

 7 

 (k) Purchase and Registration Rights Agreement. This Agreement has been duly
authorized, executed and delivered by the Company and each of the Guarantors; and the Registration Rights Agreement has been duly authorized by the Company and each of the Guarantors and, when duly executed and delivered in accordance with its terms
by each of the parties thereto, will constitute a valid and legally binding agreement of the Company and each of the Guarantors enforceable against the Company and each of the Guarantors in accordance with its terms, subject to the Enforceability
Exceptions, and except that rights to indemnity and contribution thereunder may be limited by applicable law and public policy. 

(l) Descriptions of Certain Documents. Each of the Securities, the Guarantees, the Indenture and the Registration Rights Agreement
conforms in all material respects to the descriptions thereof contained in each of the Time of Sale Information and the Offering Memorandum. 

(m) No Violation or Default. Neither the Company nor any of its subsidiaries is (i) in violation of its charter or by-laws or
similar organizational documents; (ii) in default, and no event has occurred that, with notice or lapse of time or both, would constitute such a default, in the due performance or observance of any term, covenant or condition contained in any
indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which the Company or any of its subsidiaries is a party or by which the Company or any of its subsidiaries is bound or to which any of the property or assets of
the Company or any of its subsidiaries is subject; or (iii) in violation of any law or statute or any judgment, order, rule or regulation of any court or arbitrator or governmental or regulatory authority having jurisdiction over it or its
properties, except, in the case of clauses (ii) and (iii) above, for any such default or violation that would not, individually or in the aggregate, have a Material Adverse Effect. 

(n) No Conflicts. The execution, delivery and performance by the Company and each of the Guarantors of each of the Transaction
Documents to which each is a party, the issuance and sale of the Securities (and the Guarantees) and the consummation of the transactions contemplated by the Transaction Documents will not (i) conflict with or result in a breach or violation of
any of the terms or provisions of, or constitute a default under, or result in the creation or imposition of any lien, charge or encumbrance upon any property or assets of the Company or any of its subsidiaries pursuant to, any indenture, mortgage,
deed of trust, loan agreement or other agreement or instrument to which the Company or any of its subsidiaries is a party or by which the Company or any of its subsidiaries is bound or to which any of the property or assets of the Company or any of
its subsidiaries is subject (other than liens intended to be created under the ABL Revolving Facility), (ii) result in any violation of the provisions 

 

 8 

 
of the charter or by-laws or similar organizational documents of the Company or any of its subsidiaries or (iii) result in the violation of any law or statute or any judgment, order, rule or
regulation of any court or arbitrator or governmental or regulatory authority, except, in the case of clauses (i) and (iii) above, for any such conflict, breach, violation, default, lien charge or encumbrance that would not, individually
or in the aggregate, have a Material Adverse Effect. 
 (o) No Consents Required. No consent, approval, authorization,
order, registration or qualification of or with any court or arbitrator or governmental or regulatory authority is required for the execution, delivery and performance by the Company and each of the Guarantors of each of the Transaction Documents to
which each is a party, the issuance and sale of the Securities (and the Guarantees) and the consummation of the transactions contemplated by the Transaction Documents, except for such consents, approvals, authorizations, orders and registrations or
qualifications (i) as may be required under applicable state securities laws in connection with the purchase and resale of the Securities by the Initial Purchasers, (ii) with respect to the Exchange Securities (and the related guarantees)
as may be required under the Securities Act and applicable state securities laws as contemplated by the Registration Rights Agreement, (iii) which have been, or prior to the Closing Date will be, obtained, and (iv) which, if not obtained,
would not, individually or in the aggregate, have a Material Adverse Effect. 
 (p) Legal Proceedings. Except as
described in each of the Time of Sale Information and the Offering Memorandum, there are no legal, governmental or regulatory, actions, suits or proceedings pending to which the Company or any of its subsidiaries is or may be a party or to which any
property of the Company or any of its subsidiaries is or may be the subject that, individually or in the aggregate, if determined adversely to the Company or any of its subsidiaries, could reasonably be expected to have a Material Adverse Effect; to
the Company’s and each of the Guarantors’ knowledge, no such actions, suits or proceedings are threatened or contemplated by any governmental or regulatory authority or threatened by others. 

(q) Independent Accountants. Grant Thornton LLP, who have certified certain financial statements of the Company and its
subsidiaries in each of the Time of Sale Information and the Offering Memorandum, are independent public accountants with respect to the Company and its subsidiaries and are independent public accountants within the meaning of Rule 101 of the Code
of Professional Conduct of the American Institute of Certified Public Accountants and its interpretations and rulings thereunder. 

(r) Title to Real and Personal Property. The Company and its subsidiaries have (1) good and defensible title to oil and gas
properties owned by the Company and its subsidiaries, (2) good and indefeasable title in fee simple to all other real property owned by the Company and its subsidiaries and (3) good title to all items of personal property owned by the

  

 9 

 
Company and its subsidiaries, in each case that are material to the respective businesses of the Company and its subsidiaries, free and clear of all liens, encumbrances, claims and defects and
imperfections of title, except (i) those that are described in the each of the Time of Sale Information and the Offering Memorandum, (ii) those under the ABL Revolving Facility, (iii) those under oil and gas leases, options to lease,
operating agreements, utilization and pooling agreements, participation and drilling concessions agreements and gas sales contracts, securing payment of amounts not yet due and payable and of a scope and nature customary in the oil and gas industry,
(iv) those that do not materially interfere with the use made and proposed to be made of such property by the Company and its subsidiaries or (v) those that could not reasonably be expected, individually or in the aggregate, to have a
Material Adverse Effect; and any real property and buildings held under lease by the Company and its subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions as are not material and do not interfere with the
use made or proposed to be made of such real property and buildings by the Company or its subsidiaries. 
 (s) Title to
Intellectual Property. The Company and its subsidiaries own or possess or are licensed to use adequate rights to use all material patents, patent applications, trademarks, service marks, trade names, trademark registrations, service mark
registrations, copyrights, licenses and know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures) necessary for the conduct of their respective businesses, except where
the failure to own, possess or license such rights would not, individually or in the aggregate, have a Material Adverse Effect; the Company and its subsidiaries have not received any notice of any claim of infringement of or conflict with any such
rights of others. 
 (t) Investment Company Act. Neither the Company nor any of its subsidiaries is, and after giving
effect to the offering and sale of the Securities and the application of the proceeds thereof as described in each of the Time of Sale Information and the Offering Memorandum none of them will be, an “investment company” within the meaning
of the Investment Company Act of 1940, as amended, and the rules and regulations of the Commission thereunder (collectively, “Investment Company Act”). 

(u) Taxes. The Company and its subsidiaries have paid all federal, state, local and foreign taxes and filed all tax returns
required to be paid or filed through the date hereof to the extent that such taxes have become due and are not being contested in good faith with such exceptions as would not, individually or in the aggregate, result in a Material Adverse Effect;
and except as otherwise disclosed in each of the Time of Sale Information and the Offering Memorandum, there is no tax deficiency that has been asserted against the Company or any of its subsidiaries or any of their respective properties or assets,
which has had, nor does the Company have any knowledge of any tax deficiency, which if determined adversely to the Company or its subsidiaries might, individually or in the aggregate, have a Material Adverse Effect. 

 

 10 

 (v) Licenses and Permits. The Company and its subsidiaries possess all licenses,
certificates, permits and other authorizations issued by, and have made all declarations and filings with, the appropriate federal, state, local or foreign governmental or regulatory authorities that are necessary for the ownership or lease of their
respective properties, the conduct of their respective businesses as described in each of the Time of Sale Information and the Offering Memorandum, except where the failure to possess or make the same would not, individually or in the aggregate,
have a Material Adverse Effect; and except as described in each of the Time of Sale Information and the Offering Memorandum, neither the Company nor any of its subsidiaries has received notice of any revocation or modification of any such license,
certificate, permit or authorization or has any reason to believe that any such license, certificate, permit or authorization will not be renewed in the ordinary course, except for notices, modifications or non-renewals as would not, individually or
in the aggregate, have a Material Adverse Effect. 
 (w) No Labor Disputes. No labor disturbance by or dispute with
employees of the Company or any of its subsidiaries exists or, to the knowledge of the Company and the Guarantors, is contemplated or threatened, which disturbance or dispute would have a Material Adverse Effect. 

(x) Compliance With Environmental Laws. The Company and its subsidiaries (i) are in compliance with any and all applicable
federal, state, local and foreign laws, rules, regulations, decisions and orders relating to the protection of human health and safety and the environment including without limitation those imposing liability or standards of conduct concerning any
hazardous or toxic substances or wastes, pollutants or contaminants (collectively, “Environmental Laws”); (ii) have received and are in compliance with all permits, licenses or other approvals currently required of them under
applicable Environmental Laws to conduct their respective businesses; (iii) have not received notice of any actual or potential liability for the investigation or remediation of any disposal or release of hazardous or toxic substances or
wastes, pollutants or contaminants, except in any such case as described in each of the Time of Sale Information and the Offering Memorandum or for any such failure to comply with, or failure to receive required permits, licenses or approvals, or
liability as would not, individually or in the aggregate, have a Material Adverse Effect. None of the Company or any of its subsidiaries has received notice that it has been identified as a potentially responsible party under the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, as amended (“CERCLA”), or any comparable state law; and (v) no property or facility of the Company or any of its subsidiaries is (x) listed or, to the
Company’s or any subsidiary’s knowledge, proposed for listing on the National Priorities List under CERCLA or is (y) listed in the Comprehensive Environmental Response, Compensation, Liability Information System List promulgated
pursuant to CERCLA, or on any comparable list maintained by any state or local governmental authority. 
  

 11 

 (y) Compliance With ERISA. Each employee benefit plan, within the meaning of
Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), that is maintained, administered or contributed to by the Company or any of its affiliates for employees or former employees of the
Company and its affiliates has been maintained in all material respects in compliance with its terms and the requirements of any applicable statutes, orders, rules and regulations, including but not limited to ERISA and the Internal Revenue Code of
1986, as amended (the “Code”); no prohibited transaction, within the meaning of Section 406 of ERISA or Section 4975 of the Code, has occurred with respect to any such plan excluding transactions effected pursuant to a
statutory or administrative exemption; and for each such plan that is subject to the funding rules of Section 412 of the Code or Section 302 of ERISA, no “accumulated funding deficiency” as defined in Section 412 of the Code
has been incurred, whether or not waived, and the fair market value of the assets of each such plan (excluding for these purposes accrued but unpaid contributions) exceeds the present value of all benefits accrued under such plan determined using
reasonable actuarial assumptions. 
 (z) Accounting Controls. The Company and its subsidiaries maintain systems of
internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit
preparation of financial statements in conformity with generally accepted accounting principles and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or specific
authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. 

(aa) Insurance. The Company and its subsidiaries have insurance covering their respective properties, operations, personnel and
businesses, which insurance is in amounts and insures against such losses and risks as are reasonably adequate for the conduct by the Company and its subsidiaries of their respective businesses as is customary for companies engaged in similar
businesses in similar industries; and neither the Company nor any of its subsidiaries has (i) received notice from any insurer or agent of such insurer that any material capital improvements or other expenditures are required or necessary to be
made in order to continue such insurance or (ii) any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage at reasonable cost from similar insurers as
may be necessary to continue its business. 
 (bb) Solvency. On and immediately after the Closing Date, the Company
(after giving effect to the issuance of the Securities and the other transactions related thereto as described 
  

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in each of the Time of Sale Information and the Offering Memorandum) will be Solvent. As used in this paragraph, the term “Solvent” means, with respect to a particular date, that
on such date (i) the present fair market value (or present fair saleable value) of the assets of the Company is not less than the total amount required to pay the liabilities of the Company on its total existing debts and liabilities (including
contingent liabilities) as they become absolute and matured; (ii) the Company is able to realize upon its assets and pay its debts and other liabilities, contingent obligations and commitments as they mature and become due in the normal course
of business; (iii) assuming consummation of the issuance of the Securities as contemplated by this Agreement, the Time of Sale Information and the Offering Memorandum, the Company is not incurring debts or liabilities beyond its ability to pay
as such debts and liabilities mature; (iv) the Company is not engaged in any business or transaction, and does not propose to engage in any business or transaction, for which its property would constitute unreasonably small capital after giving
due consideration to the prevailing practice in the industry in which the Company is engaged; and (v) the Company is not a defendant in any civil action that would result in a judgment that the Company is or would become unable to satisfy.

 (cc) No Restrictions on Subsidiaries. Except for the restrictions applicable to subsidiaries that will not be
Guarantors, no subsidiary of the Company is currently prohibited, directly or indirectly, under any agreement or other instrument to which it is a party or is subject, from paying any dividends to the Company, from making any other distribution on
such subsidiary’s capital stock or similar ownership interest, from repaying to the Company any loans or advances to such subsidiary from the Company or from transferring any of such subsidiary’s properties or assets to the Company or any
other subsidiary of the Company. 
 (dd) No Broker’s Fees. Neither the Company nor any of its subsidiaries is a
party to any contract, agreement or understanding with any person (other than this Agreement) that would give rise to a valid claim against the Company or any of its subsidiaries or any Initial Purchaser for a brokerage commission, finder’s fee
or like payment in connection with the offering and sale of the Securities. 
 (ee) Rule 144A Eligibility. On the Closing
Date, the Securities will not be of the same class as securities listed on a national securities exchange registered under Section 6 of the Exchange Act or quoted in an automated inter-dealer quotation system; and each of the Preliminary
Offering Memorandum and the Offering Memorandum, as of its respective date, contains or will contain all the information that, if requested by a prospective purchaser of the Securities, would be required to be provided to such prospective purchaser
pursuant to Rule 144A(d)(4) under the Securities Act. 
 (ff) No Integration. Neither the Company nor any of its
affiliates (as defined in Rule 501(b) of Regulation D) has, directly or through any agent, sold, offered for sale, solicited 
  

 13 

 
offers to buy or otherwise negotiated in respect of, any security (as defined in the Securities Act), that is or will be integrated with the sale of the Securities in a manner that would require
registration of the Securities under the Securities Act. 
 (gg) No General Solicitation or Directed Selling Efforts.
None of the Company or any of its affiliates or any other person acting on its or their behalf (other than the Initial Purchasers, as to which no representation is made) has (i) solicited offers for, or offered or sold, the Securities by means
of any form of general solicitation or general advertising within the meaning of Rule 502(c) of Regulation D or in any manner involving a public offering within the meaning of Section 4(2) of the Securities Act or (ii) engaged in any
directed selling efforts within the meaning of Regulation S under the Securities Act (“Regulation S”), and all such persons have complied with the offering restrictions requirement of Regulation S. 

(hh) Securities Law Exemptions. Assuming the accuracy of the representations and warranties of the Initial Purchasers contained in
Section 1(b) (including Annex C hereto) and their compliance with their agreements set forth therein, it is not necessary, in connection with the issuance and sale of the Securities to the Initial Purchasers and the offer, resale and
delivery of the Securities by the Initial Purchasers in the manner contemplated by this Agreement, the Time of Sale Information and the Offering Memorandum, to register the Securities under the Securities Act or to qualify the Indenture under the
Trust Indenture Act. 
 (ii) No Stabilization. Neither the Company nor any of the Guarantors has taken, directly or
indirectly, any action designed to or that could reasonably be expected to cause or result in any stabilization or manipulation of the price of the Securities. 

(jj) Margin Rules. Neither the Company nor any of its subsidiaries has taken, and none of them will take, any action that might
cause the issuance, sale and delivery of the Securities nor the application of the proceeds thereof by the Company as described in each of the Time of Sale Information and the Offering Memorandum to violate Regulation T, U or X of the Board of
Governors of the Federal Reserve System. 
 (kk) Forward-Looking Statements. No forward-looking statement (within the
meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act) contained in any of the Time of Sale Information or the Offering Memorandum has been made or reaffirmed without a reasonable basis or has been disclosed
other than in good faith. 
 (ll) Statistical and Market Data. Nothing has come to the attention of the Company or any
Guarantor that has caused the Company or any Guarantor to believe that the statistical and market-related data included in each of the Time of Sale Information and the Offering Memorandum is not based on or derived from sources that are reliable and
accurate in all material respects. 
  

 14 

 (mm) No Undisclosed Relationships. No relationship, direct or indirect, exists
between or among the Company or any of its subsidiaries, on the one hand, and the directors, officers, stockholders, customers or suppliers of the Company or any of its subsidiaries, on the other, that is required by the Securities Act to be
described in a prospectus that is not described in each of the Time of Sale Information and the Offering Memorandum and that is not so described therein. 

(nn) Engineers; Reserve Reports. The information described in the each of Time of Sale Information and the Offering Memorandum
regarding the estimated proved reserves of the Company and the Guarantors is based in part on the reports generated by Cawley, Gillespie & Associates, Inc., Ryder Scott Company and Lee Keeling & Associates, each as independent
petroleum engineers with respect to the Company and the Guarantors (the “Engineers”). The information underlying the estimates of the reserves of the Company and the Guarantors supplied by the Company to the Engineers, for the
purposes of preparing the reserve reports of the Company referenced in each of the Time of Sale Information and the Offering Memorandum (the “Reserve Reports”), was true and correct in all material respects on the date of each such
Reserve Report; the estimates of future capital expenditures and other future exploration and development costs supplied to the Engineers were prepared in good faith and with a reasonable basis; the information provided to the Engineers for purposes
of preparing the Reserve Reports was prepared in all material respects in accordance with customary industry practices; the Engineers were, as of the date of each of the Reserve Reports prepared by them, and are, as of the date hereof, independent
petroleum engineers with respect to the Company and the Guarantors; other than normal production of reserves and intervening spot market product price fluctuations, and except as disclosed in the each of Time of Sale Information and the Offering
Memorandum, neither the Company nor any of the Guarantors is aware of any facts or circumstances that would result in a material decline in the reserves in the aggregate, or the aggregate present value of future net cash flows therefrom, as
described in the each of Time of Sale Information and the Offering Memorandum and as reflected in the Reserve Reports; and the estimates of such reserves and the present value of the future net cash flows therefrom as described in the each of Time
of Sale Information and the Offering Memorandum and reflected in the Reserve Reports comply in all material respects with the Securities Act. 

(oo) OFAC. None of the Company, any of its subsidiaries or, to the knowledge of the Company, any director, officer, agent,
employee or affiliate of the Company or any of its subsidiaries is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”); and the Company will
not directly or indirectly use the proceeds of the offering of the Securities hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing
the activities of any person currently subject to any U.S. sanctions administered by OFAC. 
  

 15 

 (pp) Compliance with Foreign Corrupt Practices Act. Neither the Company nor any of
its subsidiaries nor, to the best knowledge of the Company and each of the Guarantors, any director, officer, agent, employee or other person associated with or acting on behalf of the Company or any of its subsidiaries has (i) used any
corporate funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment to any foreign or domestic government official or employee from
corporate funds; (iii) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977; or (iv) made any bribe, rebate, payoff, influence payment, kickback or other unlawful payment. 

4. Further Agreements of the Company and the Guarantors. The Company and each of the Guarantors jointly and severally covenant and
agree with each Initial Purchaser that: 
 (a) Delivery of Copies. The Company will deliver to the Initial Purchasers as
many copies of the Preliminary Offering Memorandum, any other Time of Sale Information, any Issuer Written Communication and the Offering Memorandum (including all amendments and supplements thereto) as the Representative may reasonably request.

 (b) Amendments or Supplements. Before finalizing the Offering Memorandum or making or distributing any amendment or
supplement to any of the Time of Sale Information or the Offering Memorandum, the Company will furnish to the Representative and counsel for the Initial Purchasers a copy of the proposed Offering Memorandum or such amendment or supplement for
review, and will not distribute any such proposed Offering Memorandum, amendment or supplement to which the Representative reasonably objects. 

(c) Additional Written Communications. Before making, preparing, using, authorizing, approving or referring to any Issuer Written
Communication, the Company will furnish to the Representative and counsel for the Initial Purchasers a copy of such written communication for review and will not make, prepare, use, authorize, approve or refer to any such written communication to
which the Representative reasonably objects. 
 (d) Notice to the Representative. The Company will advise the
Representative promptly, and confirm such advice in writing, (i) of the issuance by any governmental or regulatory authority of any order preventing or suspending the use of any of the Time of Sale Information, any Issuer Written Communication
or the Offering Memorandum or the initiation or, to the extent the Company becomes aware, threatening of any proceeding for that purpose; (ii) of the occurrence of any event at any time prior to the completion of the initial offering of the
Securities as a result of which the Preliminary Offering Memorandum or the Offering Memorandum as then amended or supplemented would include any untrue statement of a material fact or omit to state a material fact necessary in order to make the
statements therein, 
  

 16 

 
in the light of the circumstances existing when the Preliminary Offering Memorandum or the Offering Memorandum is delivered to a purchaser, not misleading; (iii) of the occurrence of any
event at any time prior to the completion of the initial offering of the Securities as a result of which an Issuer Written Communication would include any untrue statement of a material fact; and (iv) of the receipt by the Company of any notice
with respect to any suspension of the qualification of the Securities for offer and sale in any jurisdiction or the initiation or, to the extent the Company becomes aware, threatening of any proceeding for such purpose; and the Company will use its
commercially reasonable efforts to prevent the issuance of any such order preventing or suspending the use of any of the Time of Sale Information, any Issuer Written Communication or the Offering Memorandum or suspending any such qualification of
the Securities and, if any such order is issued, will obtain as soon as possible the withdrawal thereof. 
 (e) Time of Sale
Information. If at any time prior to the Closing Date (i) any event shall occur or condition shall exist as a result of which any of the Time of Sale Information as then amended or supplemented would include any untrue statement of a
material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading or (ii) it is necessary to amend or supplement any of the Time of
Sale Information to comply with law, the Company will immediately notify the Initial Purchasers thereof and forthwith prepare and, subject to paragraph (b) above, furnish to the Initial Purchasers such amendments or supplements to any of the
Time of Sale Information as may be necessary so that the statements in any of the Time of Sale Information as so amended or supplemented will not, in light of the circumstances under which they were made, be misleading or so that any of the Time of
Sale Information will comply with law. 
 (f) Ongoing Compliance of the Offering Memorandum. If at any time prior to the
earlier of (i) 180 days following the Closing Date and (ii) completion of the initial distribution of the Securities (x) any event shall occur or condition shall exist as a result of which the Offering Memorandum as then amended or
supplemented would include any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances existing when the Offering
Memorandum is delivered to a purchaser, not misleading or (y) it is necessary to amend or supplement the Offering Memorandum to comply with law, the Company will immediately notify the Initial Purchasers thereof and forthwith prepare and,
subject to paragraph (b) above, furnish to the Initial Purchasers such amendments or supplements to the Offering Memorandum as may be necessary so that the statements in the Offering Memorandum as so amended or supplemented will not, in the
light of the circumstances existing when the Offering Memorandum is delivered to a purchaser, be misleading or so that the Offering Memorandum will comply with law. 

 

 17 

 (g) Blue Sky Compliance. The Company will qualify the Securities for offer and sale
under the securities or Blue Sky laws of such jurisdictions as the Representative shall reasonably request and will continue such qualifications in effect so long as required for the offering and resale of the Securities; provided that
neither the Company nor any of the Guarantors shall be required to (i) qualify as a foreign corporation or other entity or as a dealer in securities in any such jurisdiction where it would not otherwise be required to so qualify, (ii) file
any general consent to service of process in any such jurisdiction or (iii) subject itself to taxation in any such jurisdiction if it is not otherwise so subject. 

(h) Clear Market. During the period from the date hereof through and including the date that is 90 days after the date hereof, the
Company and each of the Guarantors will not, without the prior written consent of the Representative, offer, sell, contract to sell or otherwise dispose of any debt securities issued or guaranteed by the Company or any of the Guarantors and having a
tenor of more than one year. 
 (i) Use of Proceeds. The Company will apply the net proceeds from the sale of the
Securities as described in each of the Time of Sale Information and the Offering Memorandum under the heading “Use of proceeds.” 

(j) Supplying Information. While the Securities remain outstanding and are “restricted securities” within the meaning of
Rule 144(a)(3) under the Securities Act, the Company and each of the Guarantors will, during any period in which the Company is not subject to and in compliance with Section 13 or 15(d) of the Exchange Act, furnish to holders of the Securities
and prospective purchasers of the Securities designated by such holders, upon the request of such holders or such prospective purchasers, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act. 

(k) DTC. The Company will assist the Initial Purchasers in arranging for the Securities to be eligible for clearance and
settlement through DTC. 
 (l) No Resales by the Company. Until the issuance of the Exchange Securities, the Company will
not, and will not permit any of its affiliates (as defined in Rule 144 under the Securities Act) to, resell any of the Securities that have been acquired by any of them, except for Securities purchased by the Company or any of its affiliates
and resold in a transaction registered under the Securities Act. 
 (m) No Integration. None of the Company, any of its
affiliates (as defined in Rule 501(b) of Regulation D) or any person acting on behalf of the Company or such affiliate will, directly or through any agent, sell, offer for sale, solicit offers to buy or otherwise negotiate in respect of, any
security (as defined in the Securities Act), that is or will be integrated with the sale of the Securities in a manner that would require registration of the Securities under the 

 

 18 

 
Securities Act. The Company will take all action that is appropriate or necessary to assure that its offerings of other securities will not be integrated for purposes of the Securities Act with
the offering contemplated hereby. 
 (n) No General Solicitation or Directed Selling Efforts. None of the Company or any
of its affiliates or any other person acting on its or their behalf (other than the Initial Purchasers, as to which no covenant is given) will (i) solicit offers for, or offer or sell, the Securities by means of any form of general solicitation
or general advertising within the meaning of Rule 502(c) of Regulation D or in any manner involving a public offering within the meaning of Section 4(2) of the Securities Act or (ii) engage in any directed selling efforts within the
meaning of Regulation S, and all such persons will comply with the offering restrictions requirement of Regulation S. 
 (o)
No Stabilization. Neither the Company nor any of the Guarantors will take, directly or indirectly, any action designed to or that could reasonably be expected to cause or result in any stabilization or manipulation of the price of the
Securities. 
 5. Certain Agreements of the Initial Purchasers. Each Initial Purchaser hereby represents and agrees that
it has not and will not use, authorize use of, refer to, or participate in the planning for use of, any written communication that constitutes an offer to sell or the solicitation of an offer to buy the Securities other than (i) the Preliminary
Offering Memorandum and the Offering Memorandum, (ii) a written communication that contains no “issuer information” (as defined in Rule 433(h)(2) under the Securities Act) that was not included (including through incorporation by
reference) in the Preliminary Offering Memorandum or the Offering Memorandum, (iii) any written communication listed on Annex A or prepared pursuant to Section 4(c) above (including any electronic road show), (iv) any written
communication prepared by such Initial Purchaser and approved by the Company in advance in writing or (v) any written communication relating to or that contains the terms of the Securities and/or other information that was included (including
through incorporation by reference) in the Preliminary Offering Memorandum or the Offering Memorandum. 
 6. Conditions of
Initial Purchasers’ Obligations. The obligation of each Initial Purchaser to purchase Securities on the Closing Date as provided herein is subject to the performance by the Company and each of the Guarantors of their respective covenants
and other obligations hereunder and to the following additional conditions: 
 (a) Representations and Warranties. The
representations and warranties of the Company and the Guarantors contained herein shall be true and correct on the date hereof and on and as of the Closing Date; and the statements of the Company, the Guarantors and their respective officers made in
any certificates delivered pursuant to this Agreement shall be true and correct on and as of the Closing Date. 
  

 19 

 (b) No Downgrade. Subsequent to the earlier of (A) the Time of Sale and
(B) the execution and delivery of this Agreement, (i) no downgrading shall have occurred in the rating accorded the Securities or any other debt securities or preferred stock issued or guaranteed by the Company or any of the Guarantors by
any “nationally recognized statistical rating organization”, as such term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act; and (ii) no such organization shall have publicly announced that it has
under surveillance or review, or has changed its outlook with respect to, its rating of the Securities or of any other debt securities or preferred stock issued or guaranteed by the Company or any of the Guarantors (other than an announcement with
positive implications of a possible upgrading). 
 (c) No Material Adverse Change. Subsequent to the execution and
delivery of this Agreement, no event or condition of a type described in Section 3(d) hereof shall have occurred or shall exist, which event or condition is not described in each of the Time of Sale Information (excluding any amendment or
supplement thereto) and the Offering Memorandum (excluding any amendment or supplement thereto) the effect of which in the judgment of J.P. Morgan Securities LLC makes it impracticable or inadvisable to proceed with the offering, sale or delivery of
the Securities on the terms and in the manner contemplated by this Agreement, the Time of Sale Information and the Offering Memorandum. 

(d) Officers’ Certificate. The Representative shall have received on and as of the Closing Date a certificate of the chief
executive officer, the chief financial officer and the general counsel of the Company (i) confirming that such officers have carefully reviewed the Time of Sale Information and the Offering Memorandum and, to the best knowledge of such
officers, the representations set forth in Sections 3(a) and 3(b) hereof are true and correct, (ii) confirming that the other representations and warranties of the Company and the Guarantors in this Agreement are true and correct and that the
Company and the Guarantors have complied with all agreements and satisfied all conditions on their part to be performed or satisfied hereunder at or prior to the Closing Date, (iii) to the effect set forth in paragraphs (b) and
(c) above and (iv) that, to the knowledge of such officers, the statements of the Company and its officers made in any certificates delivered pursuant to this Agreement are true and correct on and as of the Closing Date. 

(e) Comfort Letters. On the date of this Agreement and on the Closing Date, Grant Thornton LLP shall have furnished to the
Representative, at the request of the Company, letters, dated the respective dates of delivery thereof and addressed to the Initial Purchasers, in form and substance reasonably satisfactory to the Representative, containing statements and
information of the type customarily included in accountants’ “comfort letters” to initial purchasers with respect to the financial statements and certain financial information of the Company and its subsidiaries contained in each of
the Time of Sale Information and the Offering Memorandum; provided that the letter delivered on the Closing Date shall use a “cut-off” date no more than three business days prior to such Closing Date. 

 

 20 

 (f) Reserve Engineer Letters. The Initial Purchasers shall have received letters,
dated the Closing Date and addressed to the Initial Purchasers, from Cawley, Gillespie & Associates, Inc., Ryder Scott Company and Lee Keeling & Associates, each an independent petroleum engineering firm for the Company, in form
and substance reasonably satisfactory to the Representative and counsel for the Initial Purchasers. 
 (g) Opinion of Counsel
for the Company. McAfee & Taft A Professional Corporation, counsel for the Company, and Robert W. Kelly II, Esq., General Counsel of the Company, shall have furnished to the Representative, at the request of the Company, their written
opinion (and a negative assurance letter, in the case of McAfee & Taft, P.C.), dated the Closing Date and addressed to the Initial Purchasers, in form and substance reasonably satisfactory to the Representative, to the effect set forth in
Annexes D-1 and D-2, respectively, hereto. 
 (h) Opinion of Counsel for the Initial Purchasers. The
Representative shall have received on and as of the Closing Date an opinion and negative assurance letter of Cahill Gordon & Reindel LLP, counsel for the Initial Purchasers, with respect to such matters as the Initial
Purchasers may reasonably request, and such counsel shall have received such documents and information as they may reasonably request to enable them to pass upon such matters. 

(i) No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order shall have been
enacted, adopted or issued by any federal, state or foreign governmental or regulatory authority that would, as of the Closing Date, prevent the issuance or sale of the Securities or the issuance of the Guarantees; and no injunction or order of any
federal, state or foreign court shall have been issued that would, as of the Closing Date, prevent the issuance or sale of the Securities or the issuance of the Guarantees. 

(j) Good Standing. The Representative shall have received on and as of the Closing Date satisfactory evidence of the good standing
of the Company and its subsidiaries in their respective jurisdictions of organization and their good standing in such other jurisdictions as the Representative may reasonably request, in each case in writing or any standard form of
telecommunication, from the appropriate governmental authorities of such jurisdictions. 
 (k) Registration Rights
Agreement. The Representative shall have received a counterpart of the Registration Rights Agreement that shall have been executed and delivered by a duly authorized officer of the Company and each of the Guarantors. 

(l) DTC. The Securities shall be eligible for clearance and settlement through DTC. 

 

 21 

 (m) Additional Documents. On or prior to the Closing Date, the Company and the
Guarantors shall have furnished to the Representative such further certificates and documents as the Representative may reasonably request. 

All opinions, letters, certificates and evidence mentioned above or elsewhere in this Agreement shall be deemed to be in compliance with
the provisions hereof only if they are in form and substance reasonably satisfactory to counsel for the Initial Purchasers. 

7. Indemnification and Contribution. 

(a) Indemnification of the Initial Purchasers. The Company and each of the Guarantors jointly and severally agree to indemnify and
hold harmless each Initial Purchaser, its affiliates, directors and officers and each person, if any, who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) such Initial Purchaser, from and
against any and all losses, claims, damages and liabilities (including, without limitation, reasonable legal fees and other expenses incurred in connection with any suit, action or proceeding or any claim asserted, as such fees and expenses are
incurred), joint or several, that arise out of, or are based upon, any untrue statement or alleged untrue statement of a material fact contained in the Preliminary Offering Memorandum, any of the other Time of Sale Information, any Issuer Written
Communication or the Offering Memorandum (or any amendment or supplement thereto) or any omission or alleged omission to state in the Time of Sale Information or the Offering Memorandum 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, except insofar as such losses, claims, damages or liabilities arise out of, or are based upon, any untrue statement or omission or
alleged untrue statement or omission made in reliance upon and in conformity with any information relating to any Initial Purchaser furnished to the Company in writing by such Initial Purchaser through the Representative expressly for use therein,
it being understood and agreed that the only such information furnished by any Initial Purchaser consists of the information described as such in subsection (b) below. 

(b) Indemnification of the Company. Each Initial Purchaser agrees, severally and not jointly, to indemnify and hold harmless the
Company, each of the Guarantors, their respective directors and officers and each person, if any, who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) the Company or any of the Guarantors
to the same extent as the indemnity set forth in paragraph (a) above, but only with respect to any losses, claims, damages or liabilities that arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or
omission made in reliance upon and in conformity with any information furnished to the Company in writing by such Initial Purchaser through the Representative expressly for use in the Preliminary Offering Memorandum, any of the other Time of Sale
Information, any Issuer Written Communication 
  

 22 

 
or the Offering Memorandum (or any amendment or supplement thereto), it being understood and agreed that the only such information consists of the following: the information contained in the
fourth sentence of the eleventh paragraph and the thirteenth paragraph under the caption “Plan of distribution” in the Preliminary Offering Memorandum and the Offering Memorandum. 

(c) Notice and Procedures. If any suit, action, proceeding (including any governmental or regulatory investigation), claim or
demand shall be brought or asserted against any person in respect of which indemnification may be sought pursuant to either paragraph (a) or (b) above, such person (the “Indemnified Person”) shall promptly notify the
person against whom such indemnification may be sought (the “Indemnifying Person”) in writing; provided that the failure to notify the Indemnifying Person shall not relieve it from any liability that it may have under
paragraph (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 Person shall not relieve it from any liability that it may have to an Indemnified Person otherwise than under paragraph (a) or (b) above. If any such proceeding shall be brought or asserted against an Indemnified Person and it
shall have notified the Indemnifying Person thereof, the Indemnifying Person shall retain counsel reasonably satisfactory to the Indemnified Person to represent the Indemnified Person and any others entitled to indemnification pursuant to this
Section 7 that the Indemnifying Person may designate in such proceeding and shall pay the reasonable fees and expenses of such counsel related to such proceeding, as incurred. In any such proceeding, any Indemnified Person shall have the right
to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Person unless (i) the Indemnifying Person and the Indemnified Person shall have mutually agreed to the contrary; (ii) the
Indemnifying Person has failed within a reasonable time to retain counsel reasonably satisfactory to the Indemnified Person; (iii) the Indemnified Person shall have reasonably concluded that there may be legal defenses available to it that are
different from or in addition to those available to the Indemnifying Person; or (iv) the named parties in any such proceeding (including any impleaded parties) include both the Indemnifying Person and the Indemnified Person and representation
of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them. It is understood and agreed that the Indemnifying Person shall not, in connection with any proceeding or related proceeding in
the same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any reasonably necessary local counsel) for all Indemnified Persons, and that all such reasonable fees and expenses shall be paid or reimbursed
as they are incurred. Any such separate firm for any Initial Purchaser, its affiliates, directors and officers and any control persons of such Initial Purchaser shall be designated in writing by J.P. Morgan Securities LLC and any such separate firm
for the Company, the Guarantors, their respective directors and officers and any control persons of the Company and the Guarantors shall be designated in writing by the Company. The Indemnifying Person shall not be liable for any settlement of any
proceeding effected without its written consent, but if settled 
  

 23 

 
with such consent or if there be a final judgment for the plaintiff, the Indemnifying Person agrees to indemnify each Indemnified Person from and against any loss or liability by reason of such
settlement or judgment. Notwithstanding the foregoing sentence, if at any time an Indemnified Person shall have requested that an Indemnifying Person reimburse the Indemnified Person for fees and expenses of counsel as contemplated by this
paragraph, the Indemnifying Person shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more than 45 days after receipt by the Indemnifying Person of such request and
(ii) the Indemnifying Person shall not have reimbursed the Indemnified Person in accordance with such request prior to the date of such settlement. No Indemnifying Person shall, without the written consent of the Indemnified Person, effect any
settlement of any pending or threatened proceeding in respect of which any Indemnified Person is or could have been a party and indemnification could have been sought hereunder by such Indemnified Person, unless such settlement (x) includes an
unconditional release of such Indemnified Person, in form and substance reasonably satisfactory to such Indemnified Person, from all liability on claims that are the subject matter of such proceeding and (y) does not include any statement as to
or any admission of fault, culpability or a failure to act by or on behalf of any Indemnified Person. 
 (d)
Contribution. If the indemnification provided for in paragraphs (a) and (b) above is unavailable to an Indemnified Person or insufficient in respect of any losses, claims, damages or liabilities referred to therein, then each
Indemnifying Person under such paragraph, in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the amount paid or payable by such Indemnified Person as a result of such losses, claims, damages or liabilities (i) in
such proportion as is appropriate to reflect the relative benefits received by the Company and the Guarantors on the one hand and the Initial Purchasers on the other from the offering of the Securities or (ii) if the allocation provided by
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) but also the relative fault of the Company and the Guarantors on the one hand and the
Initial Purchasers on the other in connection with the statements or omissions that resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative benefits received by the Company and
the Guarantors on the one hand and the Initial Purchasers on the other shall be deemed to be in the same respective proportions as the net proceeds (before deducting expenses) received by the Company from the sale of the Securities and the total
discounts and commissions received by the Initial Purchasers in connection therewith, as provided in this Agreement, bear to the aggregate offering price of the Securities. The relative fault of the Company and the Guarantors on the one hand and the
Initial Purchasers on the other 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 or any Guarantor or by the Initial Purchasers and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

 

 24 

 (e) Limitation on Liability. The Company, the Guarantors and the Initial Purchasers
agree that it would not be just and equitable if contribution pursuant to this Section 7 were determined by pro rata allocation (even if the Initial Purchasers were treated as one entity for such purpose) or by any other method of
allocation that does not take account of the equitable considerations referred to in paragraph (d) above. The amount paid or payable by an Indemnified Person as a result of the losses, claims, damages and liabilities referred to in paragraph
(d) above shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such Indemnified Person in connection with any such action or claim. Notwithstanding the provisions of this
Section 7, in no event shall an Initial Purchaser be required to contribute any amount in excess of the amount by which the total discounts and commissions received by such Initial Purchaser with respect to the offering of the Securities
exceeds the amount of any damages that such Initial Purchaser has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Initial Purchasers’ obligations to contribute pursuant to this Section 7
are several in proportion to their respective purchase obligations hereunder and not joint. 
 (f) Non-Exclusive
Remedies. The remedies provided for in this Section 7 are not exclusive and shall not limit any rights or remedies that may otherwise be available to any Indemnified Person at law or in equity. 

8. Termination. This Agreement may be terminated in the absolute discretion of J.P. Morgan Securities LLC, by notice to the
Company, if after the execution and delivery of this Agreement and prior to the Closing Date (i) trading generally shall have been suspended or materially limited on or by any of the New York Stock Exchange, the American Stock Exchange, the
Nasdaq National Market or the over-the-counter market; (ii) trading of any securities issued or guaranteed by the Company or any of the Guarantors shall have been suspended on any exchange or in any over-the-counter market; (iii) a general
moratorium on commercial banking activities shall have been declared by federal or New York State authorities; or (iv) there shall have occurred any outbreak or escalation of hostilities or any change in financial markets or any calamity or
crisis, either within or outside the United States, that, in the judgment of J.P. Morgan Securities LLC, is material and adverse and makes it impracticable or inadvisable to proceed with the offering, sale or delivery of the Securities on the terms
and in the manner contemplated by this Agreement, the Time of Sale Information and the Offering Memorandum. 
  

 25 

 9. Defaulting Initial Purchaser. 

(a) If, on the Closing Date, any Initial Purchaser defaults on its obligation to purchase the Securities that it has agreed to purchase
hereunder, the non-defaulting Initial Purchasers may in their discretion arrange for the purchase of such Securities by other persons satisfactory to the Company on the terms contained in this Agreement. If, within 36 hours after any such default by
any Initial Purchaser, the non-defaulting Initial Purchasers do not arrange for the purchase of such Securities, then the Company shall be entitled to a further period of 36 hours within which to procure other persons satisfactory to the
non-defaulting Initial Purchasers to purchase such Securities on such terms. If other persons become obligated or agree to purchase the Securities of a defaulting Initial Purchaser, either the non-defaulting Initial Purchasers or the Company may
postpone the Closing Date for up to five full business days in order to effect any changes that in the opinion of counsel for the Company or counsel for the Initial Purchasers may be necessary in the Time of Sale Information, the Offering Memorandum
or in any other document or arrangement, and the Company agrees to promptly prepare any amendment or supplement to the Time of Sale Information or the Offering Memorandum that effects any such changes. As used in this Agreement, the term
“Initial Purchaser” includes, for all purposes of this Agreement unless the context otherwise requires, any person not listed in Schedule 1 hereto that, pursuant to this Section 9, purchases Securities that a
defaulting Initial Purchaser agreed but failed to purchase. 
 (b) If, after giving effect to any arrangements for the purchase
of the Securities of a defaulting Initial Purchaser or Initial Purchasers by the non-defaulting Initial Purchasers and the Company as provided in paragraph (a) above, the aggregate principal amount of such Securities that remains unpurchased
does not exceed one-eleventh of the aggregate principal amount of all the Securities, then the Company shall have the right to require each non-defaulting Initial Purchaser to purchase the principal amount of Securities that such Initial Purchaser
agreed to purchase hereunder plus such Initial Purchaser’s pro rata share (based on the principal amount of Securities that such Initial Purchaser agreed to purchase hereunder) of the Securities of such defaulting Initial
Purchaser or Initial Purchasers for which such arrangements have not been made. 
 (c) If, after giving effect to any
arrangements for the purchase of the Securities of a defaulting Initial Purchaser or Initial Purchasers by the non-defaulting Initial Purchasers and the Company as provided in paragraph (a) above, the aggregate principal amount of such
Securities that remains unpurchased exceeds one-eleventh of the aggregate principal amount of all the Securities, or if the Company shall not exercise the right described in paragraph (b) above, then this Agreement shall terminate without
liability on the part of the non-defaulting Initial Purchasers. Any termination of this Agreement pursuant to this Section 9 shall be without liability on the part of the Company or the Guarantors, except that the Company and each of the
Guarantors will continue to be liable for the payment of expenses as set forth in Section 10 hereof and except that the provisions of Section 7 hereof shall not terminate and shall remain in effect. 

 

 26 

 (d) Nothing contained herein shall relieve a defaulting Initial Purchaser of any liability
it may have to the Company, the Guarantors or any non-defaulting Initial Purchaser for damages caused by its default. 
 10.
Payment of Expenses. 
 (a) Whether or not the transactions contemplated by this Agreement are consummated or this
Agreement is terminated, the Company and each of the Guarantors jointly and severally agree to pay or cause to be paid all costs and expenses incident to the performance of their respective obligations hereunder, including without limitation,
(i) the costs incident to the authorization, issuance, sale, preparation and delivery of the Securities and any taxes payable in that connection; (ii) the costs incident to the preparation and printing of the Preliminary Offering
Memorandum, any other Time of Sale Information, any Issuer Written Communication and the Offering Memorandum (including any amendment or supplement thereto) and the distribution thereof; (iii) the costs of reproducing and distributing each of
the Transaction Documents; (iv) the fees and expenses of the Company’s and the Guarantors’ counsel and independent accountants; (v) the fees and expenses incurred in connection with the registration or qualification and
determination of eligibility for investment of the Securities under the laws of such jurisdictions as the Representative may designate and the preparation, printing and distribution of a Blue Sky Memorandum (including the related fees and reasonable
expenses of counsel for the Initial Purchasers), (vi) any fees charged by rating agencies for rating the Securities; (vii) the fees and expenses of the Trustee and any paying agent (including related fees and expenses of any counsel to
such parties); (viii) all expenses and application fees incurred in connection with the approval of the Securities for book-entry transfer by DTC; and (ix) all expenses incurred by the Company in connection with any “road show”
presentation to potential investors. 
 (b) If (i) the Company for any reason fails to tender the Securities for delivery
to the Initial Purchasers or (ii) the Initial Purchasers decline to purchase the Securities for any reason permitted under this Agreement other than a termination pursuant to Section 8(i), 8(iii) or 8(iv), the Company and each of the
Guarantors jointly and severally agree to reimburse the Initial Purchasers for all out-of-pocket costs and expenses (including the fees and expenses of their counsel) reasonably incurred by the Initial Purchasers in connection with this Agreement
and the offering contemplated hereby. 
 11. Persons Entitled to Benefit of Agreement. This Agreement shall inure to the
benefit of and be binding upon the parties hereto and their respective successors and any controlling persons referred to herein, and the affiliates, officers and directors of each Initial Purchaser referred to in Section 7 hereof. Nothing in
this Agreement is intended or shall be construed 
  

 27 

 
to give any other person any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision contained herein. No purchaser of Securities from any Initial
Purchaser shall be deemed to be a successor merely by reason of such purchase. 
 12. Survival. The respective
indemnities, rights of contribution, representations, warranties and agreements of the Company, the Guarantors and the Initial Purchasers contained in this Agreement or made by or on behalf of the Company, the Guarantors or the Initial Purchasers
pursuant to this Agreement or any certificate delivered pursuant hereto shall survive the delivery of and payment for the Securities and shall remain in full force and effect, regardless of any termination of this Agreement or any investigation made
by or on behalf of the Company, the Guarantors or the Initial Purchasers. 
 13. Certain Defined Terms. For purposes of
this Agreement, (a) except where otherwise expressly provided, the term “affiliate” has the meaning set forth in Rule 405 under the Securities Act; (b) the term “business day” means any day other than a day on which
banks are permitted or required to be closed in New York City; and (c) the term “subsidiary” has the meaning set forth in Rule 405 under the Securities Act. 

14. Miscellaneous. 

(a) Authority of the Representative. Any action by the Initial Purchasers hereunder may be taken by J.P. Morgan Securities LLC on
behalf of the Initial Purchasers, and any such action taken by J.P. Morgan Securities LLC shall be binding upon the Initial Purchasers. 

(b) Notices. All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given if
mailed or transmitted and confirmed by any standard form of telecommunication. Notices to the Initial Purchasers shall be given to the Representative c/o J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, Attn: Lawrence Landry, fax
no. (212) 270-1063. Notices to the Company shall be given to it at 701 Cedar Lake Boulevard, Oklahoma City, Oklahoma 73114 (fax: (405) 478-2906); Attention: General Counsel. 

(c) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

 (d) Counterparts. This Agreement may be signed in counterparts (which may include counterparts delivered by any
standard form of telecommunication), each of which shall be an original and all of which together shall constitute one and the same instrument. 
  

 28 

 (e) Amendments or Waivers. No amendment or waiver of any provision of this Agreement,
nor any consent or approval to any departure therefrom, shall in any event be effective unless the same shall be in writing and signed by the parties hereto. 

(f) Headings. The headings herein are included for convenience of reference only and are not intended to be part of, or to affect
the meaning or interpretation of, this Agreement. 
 (g) Definitions. The terms that follow, when used in this Agreement,
shall have the meanings indicated. 
 “ABL Revolving Facility” shall mean that certain eighth restated senior
secured asset-based revolving credit facility of the Company, dated as of April 12, 2010, by and among the borrowers party thereto, including the Company, and JPMorgan Chase Bank, N.A., as Administrative Agent, as amended to the date hereof.

 “Agreement” shall mean this purchase agreement. 

 

 29 

 If the foregoing is in accordance with your understanding, please indicate your acceptance
of this Agreement by signing in the space provided below. 
  

			
	Very truly yours,
	
	CHAPARRAL ENERGY, INC.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name: Mark A. Fischer
		 	Title: President & CEO
	
	CHAPARRAL ENERGY, L.L.C.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name: Mark A. Fischer
		 	Title: Manager
	
	NORAM PETROLEUM, L.L.C.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name: Mark A. Fischer
		 	Title: Manager
	
	CHAPARRAL RESOURCES, L.L.C.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name: Mark A. Fischer
		 	Title: Manager

  

 30 

			
	CHAPARRAL
CO2, L.L.C.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name: Mark A. Fischer
		 	Title: Manager
	
	CHAPARRAL REAL ESTATE, L.L.C.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name: Mark A. Fischer
		 	Title: Manager
	
	CEI ACQUISITION, L.L.C.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name: Mark A. Fischer
		 	Title: Manager
	
	CEI PIPELINE, L.L.C.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name: Mark A. Fischer
		 	Title: Manager
	
	GREEN COUNTRY SUPPLY, INC.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name: Mark A. Fischer
		 	Title: President

  

 31 

			
	CHAPARRAL EXPLORATION, L.L.C.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name: Mark A. Fischer
		 	Title: Manager
	
	ROADRUNNER DRILLING, L.L.C.
		
	By:	 	 /s/ Mark A. Fischer

		 	Name: Mark A. Fischer
		 	Title: Manager

  

 32 

			
	J.P. MORGAN SECURITIES LLC
	
	 For itself and on behalf of the several

Initial Purchasers listed in Schedule 1

hereto.

		 	
	By	 	 /s/ Authorized Signatory    

		 	 Authorized Signatory

 

 33 

 Schedule 1 
  

				
	 Initial Purchaser
	  	Principal Amount
	 J.P. Morgan Securities LLC
	  	$	97,500,000
	 Credit Suisse Securities (USA) LLC
	  	$	42,500,000
	 RBC Capital Markets Corporation
	  	$	42,500,000
	 UBS Securities LLC
	  	$	42,500,000
	 Capital One Southcoast, Inc.
	  	$	11,250,000
	 Credit Agricole Securities (USA) Inc.
	  	$	11,250,000
	 SG Americas Securities, LLC
	  	$	11,250,000
	 Wells Fargo Securities, LLC
	  	$	11,250,000
	 Comerica Securities, Inc.
	  	$	5,000,000
	 Lloyds TSB Bank plc
	  	$	5,000,000
	 Mitsubishi UFJ Securities (USA), Inc.
	  	$	5,000,000
	 Natixis Bleichroeder LLC
	  	$	5,000,000
	 Scotia Capital (USA) Inc.
	  	$	5,000,000
	 U.S. Bancorp Investments, Inc.
	  	$	5,000,000
		  	 	 
	 Total
	  	$	300,000,000

 Schedule 2 

Guarantors 
  

			
	 Name of Subsidiary
	  	Jurisdiction of Incorporation or Organization
		
	Chaparral Energy, L.L.C.	  	Oklahoma
		
	NorAm Petroleum, L.L.C.	  	Oklahoma
		
	Chaparral Resources, L.L.C.	  	Oklahoma
		
	Chaparral
CO2, L.L.C.	  	Oklahoma
		
	Chaparral Real Estate, L.L.C.	  	Oklahoma
		
	CEI Acquisition, L.L.C.	  	Delaware
		
	Green Country Supply, Inc.	  	Oklahoma
		
	CEI Pipeline, L.L.C.	  	Texas
		
	Chaparral Exploration, L.L.C.	  	Delaware
		
	Roadrunner Drilling, L.L.C.	  	Oklahoma

 ANNEX A 

Additional Time of Sale Information 

1. Term sheet containing the terms of the Securities, substantially in the form of Annex B. 

 ANNEX B 

Form of 

Pricing Term Sheet for 

the Securities 

To be provided under separate cover. 

 ANNEX C 

Restrictions on Offers and Sales Outside the United States 

In connection with offers and sales of Securities outside the United States: 

(a) Each Initial Purchaser acknowledges that the Securities have not been registered under the Securities Act and may not be offered or
sold within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an exemption from, or in transactions not subject to, the registration requirements of the Securities Act. 

(b) Each Initial Purchaser, severally and not jointly, represents, warrants and agrees that: 

(i) Such Initial Purchaser has offered and sold the Securities, and will offer and sell the Securities, (A) as part
of their distribution at any time and (B) otherwise until 40 days after the later of the commencement of the offering of the Securities and the Closing Date, only in accordance with Regulation S under the Securities Act (“Regulation
S”) or Rule 144A or any other available exemption from registration under the Securities Act. 
 (ii)
None of such Initial Purchaser or any of its affiliates or any other person acting on its or their behalf has engaged or will engage in any directed selling efforts with respect to the Securities, and all such persons have complied and will comply
with the offering restrictions requirement of Regulation S. 
 (iii) At or prior to the confirmation of sale of
any Securities sold in reliance on Regulation S, such Initial Purchaser will have sent to each distributor, dealer or other person receiving a selling concession, fee or other remuneration that purchases Securities from it during the distribution
compliance period a confirmation or notice to substantially the following effect: 
 “The Securities covered hereby have not
been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (i) as part of their
distribution at any time or (ii) otherwise until 40 days after the later of the commencement of the offering of the Securities and the date of original issuance of the Securities, except in accordance with Regulation S or Rule 144A or any other
available exemption from registration under the Securities Act. Terms used above have the meanings given to them by Regulation S.” 

 (iv) Such Initial Purchaser has not and will not enter into any contractual
arrangement with any distributor with respect to the distribution of the Securities, except with its affiliates or with the prior written consent of the Company. 

Terms used in paragraph (a) and this paragraph (b) and not otherwise defined in this Agreement have the meanings given to them by Regulation S.

 (c) Each Initial Purchaser, severally and not jointly, represents, warrants and agrees that: 

(i) in relation to each Member State (each, a “Relevant Member State”) of the European Economic Area that
has implemented Directive 2003/71/EC (including any relevant implementing measure in each Relevant Member State, the “Prospectus Directive”), with effect from and including the date on which the Prospectus Directive is implemented
in that Relevant Member State (the “Relevant Implementation Date”), it has not made and will not make an offer of Securities to the public (as such expression is defined in Section 17) in that Relevant Member State prior to the
publication of a prospectus in relation to the Securities that has been approved by the competent authority in that Relevant Member State or, where appropriate, approved in another Relevant Member State and notified to the competent authority in
that Relevant Member State, all in accordance with the Prospectus Directive, except that it may, with effect from and including the Relevant Implementation Date, make an offer of Securities to the public in that Relevant Member State at any time:
(A) to legal entities which are authorized or regulated to operate in the financial markets or, if not so authorized or regulated, whose corporate purpose is solely to invest in securities; (B) to any legal entity which has two or more of
(1) an average of at least 250 employees during the last financial year; (2) a total balance sheet of more than €43,000,000 and (3) an annual net turnover of more than €50,000,000, as shown in its last annual or consolidated
accounts; or (C) in any other circumstances which do not require the publication by the Company of a prospectus pursuant to Article 3 of the Prospectus Directive; 

(ii) For the purposes of this paragraph (c)(i), the expression an “offer of Securities to the public” in
relation to any notes in any Relevant Member State means the communication in any form and by any means of sufficient information on the terms of the offer and the Securities to be offered so as to enable an investor to decide to purchase or
subscribe the Securities, as the same may be varied in that Member State by any measure implementing the Prospectus Directive in that Member State and the expression “Prospectus Directive” means Directive 2003/71/EC and includes any
relevant implementing measure in each Relevant Member State; 
 (iii) it has only communicated or caused to be
communicated and will only communicate or cause to be communicated an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the Financial Services and

 
Markets Act of 2000 (the “FSMA”)) received by it in connection with the issue or sale of the Securities in circumstances in which Section 21(1) of the FSMA does not apply to
the Company; 
 (iv) it has complied and will comply with all applicable provisions of the FSMA with respect to
anything done by it in relation to the Securities in, from or otherwise involving the United Kingdom; and 
 (v)
it has not, directly or indirectly, offered or sold and will not, directly or indirectly, offer or sell in the Netherlands any Securities with a denomination of less than €50,000 (or its other currency equivalent) other than to persons who
trade or invest in securities in the conduct of a profession or business (which includes banks, stockbrokers, insurance companies, pension funds, other institutional investors and finance companies and treasury departments of large enterprises)
unless one of the other exemptions from or exceptions to the prohibition contained in article 3 of the Dutch Securities Transactions Supervision Act 1995 (Wet toezicht effectenverkeer 1995) is applicable and the conditions attached to such
exemption or exception are complied with. 
 (d) Each Initial Purchaser acknowledges that no action has been or will be taken by
the Company that would permit a public offering of the Securities, or possession or distribution of any of the Time of Sale Information, the Offering Memorandum, any Issuer Written Communication or any other offering or publicity material relating
to the Securities, in any country or jurisdiction where action for that purpose is required. 

 ANNEX D-1 

Form of Opinion of McAfee & Taft, P.C. for the Company and Guarantors 

We have acted as special counsel to Chaparral Energy, Inc., a Delaware corporation (the “Issuer”), in connection with
the Purchase Agreement dated September     , 2010 (the “Purchase Agreement”) among (i) the Issuer, (ii) the subsidiaries of the Issuer named therein as parties thereto and as guarantors of the
Initial Securities (as defined below) (collectively, the “Guarantors”), and (iii) J.P. Morgan Securities LLC as representative for the Initial Purchasers listed in Schedule 1 to the Purchase Agreement (the “Initial
Purchasers”), relating to the sale by the Issuer to the Initial Purchasers of $             aggregate principal amount of the Issuer’s
[    ]% Senior Notes due 2020 (the “Initial Securities”). The Issuer and the Guarantors are referred to collectively herein as the “Obligors.” The Initial Securities are being
issued under an Indenture dated as of September     , 2010 (the “Indenture”), by and among the Issuer, the Guarantors and Wells Fargo Bank, National Association, as trustee (the
“Trustee”). Capitalized terms used but not defined herein have the meanings assigned to such terms in the Purchase Agreement. 

The Obligors and the Initial Purchasers have entered into a Registration Rights Agreement, dated as of September __, 2010 (the
“Registration Rights Agreement”), pursuant to which the Obligors have agreed to file, under certain conditions, with the Securities and Exchange Commission (the “SEC”), a registration statement under the Securities
Act of 1933, as amended (the “Securities Act”), with respect to an offer (the “Exchange Offer”) by the Obligors to the holders of the Initial Securities to issue and deliver to such holders, in exchange for their
Initial Securities, a like principal amount of new notes (the “Exchange Securities”) identical to the Initial Securities in all material respects, except that the Exchange Securities will not (except in specified circumstances) be
subject to restrictions on transfer. 
 We are furnishing this opinion letter to you pursuant to Section 6(g) of the
Purchase Agreement. 
 In rendering the opinions set forth herein, we have examined and relied on originals or copies,
certified or otherwise identified to our satisfaction, of the following: 
 (a) the Issuer’s Preliminary Offering
Memorandum dated September 7, 2010 (the “Preliminary Offering Memorandum”) relating to the Initial Securities; 

(b) the Issuer’s Offering Memorandum dated September     , 2010 (the “Offering
Memorandum”) relating to the Initial Securities; 
 (c) the Pricing Supplement dated September
    , 2010 relating to the Initial Securities (such document, together with the Preliminary Offering Memorandum, being referred to herein as the “Time of Sale Information”); 

(d) the Indenture; 

(e) the form of the Initial Securities and the form of the Exchange Securities; 

 (f) the global notes executed by the Issuer pursuant to the Indenture, in the aggregate
principal amount of $            , representing the Initial Securities purchased and sold pursuant to the Purchase Agreement with a view toward resale in reliance on Rule 144A under
the Securities Act; 
 (g) the global notes executed by the Issuer pursuant to the Indenture, in the aggregate principal amount
of $            , representing the Initial Securities purchased and sold pursuant to the Purchase Agreement with a view toward resale in reliance on Regulation S under the Securities
Act; 
 (h) the Purchase Agreement; 

(i) the Registration Rights Agreement; 

(j) the Certificate of Incorporation of the Issuer, certified by the Secretary of State of the State of Delaware as in effect on
September     , 2010 and certified by the Secretary of the Issuer as in effect on each of the dates of the adoption of the resolutions specified in paragraph (t) below, the date of the Purchase Agreement and the date
hereof (the “Issuer Charter”); 
 (k) the Bylaws of the Issuer (the “Issuer Bylaws”),
certified by the Secretary of the Issuer as in effect on each of the dates of the adoption of the resolutions specified in paragraph (t) below, the date of the Purchase Agreement and the date hereof; 

(l) the Certificate of Incorporation of Green Country Supply, Inc. (“Green Country Supply”), certified by the Secretary
of State of the State of Oklahoma as in effect on September     , 2010 and certified by the Secretary of Green Country Supply as in effect on each of the dates of the adoption of the resolutions specified in paragraph
(t) below, the date of the Purchase Agreement and the date hereof (the “Green Country Supply Charter”); 

(m) the Bylaws of Green Country Supply (“Green Country Supply Bylaws”), certified by the Secretary of Green Country
Supply as in effect on each of the dates of the adoption of the resolutions specified in paragraph (t) below, the date of the Purchase Agreement and the date hereof; 

(n) the Certificates of Formation of the Delaware LLCs, certified by the Secretary of State of the State of Delaware as in effect on
September     , 2010 and certified by the respective Secretaries of the Delaware LLCs as in effect on each of the dates of the adoption of the resolutions specified in paragraph (u) below, the date of the Purchase
Agreement and the date hereof (the “Delaware LLCs Certificates of Formation”); 
 (o) the Limited Liability
Company Agreements of the Delaware LLCs, certified by the respective Secretaries of the Delaware LLCs as in effect on each of the dates of the adoption of the resolutions specified in paragraph (u) below, the date of the Purchase Agreement and
the date hereof; 
 (p) the Certificates of Limited Liability Company of the Oklahoma LLCs, certified by the Secretary of State
of the State of Oklahoma as in effect on September     , 2010 and certified 

 
by the respective Secretaries of the Oklahoma LLCs as in effect on each of the dates of the adoption of the resolutions specified in paragraph (u) below, the date of the Purchase Agreement
and the date hereof (the “Oklahoma LLCs Certificates of Limited Liability Company”); 
 (q) the Limited
Liability Company Agreements of the Oklahoma LLCs, certified by the respective Secretaries of the Oklahoma LLCs as in effect on each of the dates of the adoption of the resolutions specified in paragraph (v) below, the date of the Purchase
Agreement and the date hereof; 
 (r) certificates from the Secretary of State of the State of Delaware dated
September     , 2010 as to the good standing and legal existence under the laws of the State of Delaware of the Issuer and the Delaware LLCs; 

(s) certificates from the Secretary of State of the State of Oklahoma dated September     , 2010 as to
the good standing and legal existence under the laws of the State of Oklahoma of Green Country Supply and the Oklahoma LLCs; 

(t) resolutions of the Board of Directors of the Issuer and Green Country Supply, effective as of September
    , 2010 certified by the Secretary of the Issuer and the Secretary of Green Country Supply; 
 (u)
resolutions of the Manager of each of the Delaware LLCs and the Oklahoma LLCs, effective as of September     , 2010, certified by the Secretary of each entity; 

(v) a certificate dated the date hereof (the “Opinion Support Certificate”), executed by the President and Chief
Executive Officer of the Issuer, in the form attached hereto as Exhibit A; 
 (w) any Applicable Orders (as defined
below); and 
 (x) each of the Applicable Agreements (as defined below). 

We have also examined originals or copies, certified or otherwise identified to our satisfaction, of such records of the Obligors and
such agreements, certificates of public officials, certificates of officers or other representatives of the Obligors and others, and such other documents, certificates and records, as we have deemed necessary or appropriate as a basis for the
opinions set forth herein. In our examination, we have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of all documents submitted to us as originals, and the conformity to authentic original
documents of all documents submitted to us as certified or photostatic copies. As to any facts material to the opinions and statements expressed herein that we did not independently establish or verify, we have relied, to the extent we deem
appropriate, upon (i) oral or written statements and representations of officers and other representatives of the Obligors (including without limitation the facts certified in the Opinion Support Certificate), (ii) representations made by
the Obligors and representations made by the Initial Purchasers in the Purchase Agreement and (iii) statements and certifications of public officials and others. 

 As used herein the following terms have the respective meanings set forth below: 

“Applicable Agreements” means those agreements and other instruments identified in the Opinion Support Certificate.

 “Applicable Guarantors” means Green Country Supply, the Oklahoma LLCs and the Delaware LLCs. 

“Applicable Obligor Organizational Documents” means, collectively, the following instruments, each in the form reviewed
by us, as indicated above: (i) the Issuer Charter, (ii) the Issuer Bylaws, (iii) the Delaware LLCs Certificates of Formation, (iv) the Oklahoma LLCs Certificates of Limited Liability Company, (v) the Limited Liability
Company Agreements of the Delaware LLCs and the Oklahoma LLCs, (vi) the Green Country Supply Charter and (vi) the Green Country Supply Bylaws. 

“Applicable Obligors” means the Issuer and the Applicable Guarantors. 

“Applicable Orders” means those orders or decrees of governmental authorities identified on Schedule 1 to the
Opinion Support Certificate. However, officers of the Issuer have certified in the Opinion Support Certificate that there are no Applicable Orders. 

“Delaware LLCs” means Chaparral Exploration, L.L.C. and CEI Acquisition, L.L.C. 

“Oklahoma LLCs” means NorAm Petroleum, L.L.C., Chaparral Real Estate, L.L.C., Chaparral
CO2,
 L.L.C., Chaparral Energy, L.L.C., Chaparral Resources, L.L.C., CEI Pipeline LLC and Roadrunner Drilling, L.L.C. 

“Person” means a natural person or a legal entity organized under the laws of any jurisdiction. 

“Transaction Documents” means collectively, the following instruments, each in the form reviewed by us, as indicated
above: (i) the Purchase Agreement, (ii) the Registration Rights Agreement, (iii) the Initial Securities and (iv) the Indenture. 

Based upon the foregoing and subject to the limitations, qualifications, exceptions and assumptions set forth herein, we are of the
opinion that: 
 1. The Issuer is a corporation formed, validly existing and in good standing under the General Corporation Law
of the State of Delaware (the “DGCL”). Green Country Supply is a corporation formed, validly existing and in good standing under the Oklahoma Business Corporation Act (the “OBCA”). The Delaware LLCs are limited
liability companies formed, validly existing and in good standing under the Delaware Limited Liability Company Act (the “DLLCA”). The Oklahoma LLCs are limited liability companies formed, validly existing and in good standing under
the Oklahoma Limited Liability Company Act (the “OLLCA”). 
 2. The Issuer has the corporate power and
corporate authority under the DGCL to (i) execute and deliver, and to incur and perform all of its obligations under, each of the Transaction 

 
Documents to which it is a party and (ii) carry on its business and own and lease its properties as described in the Time of Sale Information and the Offering Memorandum. Green Country
Supply has the corporate power and corporate authority under the OBCA to (i) executive and deliver, and to incur and perform all of its obligations under, each of the Transaction Documents to which it is a party and (ii) carry and its
business and own and lease its properties as described in the Time of Sale Information and the Offering Memorandum. The Delaware LLCs have the limited liability company power and authority under the DLLCA to (i) execute and deliver, and to
incur and perform all of their obligations under, the Transaction Documents to which they are parties and (ii) to carry on their business and own and lease their properties as described in the Time of Sale Information and the Offering
Memorandum. The Oklahoma LLCs have the limited liability company power and authority under the OLLCA to (i) execute and deliver, and to incur and perform all of their obligations under, the Transaction Documents to which they are parties and
(ii) to carry on their business and own and lease their properties as described in the Time of Sale Information and the Offering Memorandum. 

3. Each of the Transaction Documents, and the issuance and sale of the Initial Securities pursuant to the Purchase Agreement and the
Indenture, has been duly authorized by the Issuer, and each of the Transaction Documents has been duly executed and delivered by the Issuer. The Exchange Securities have been duly authorized by the Issuer. Each of the Purchase Agreement, the
Registration Rights Agreement and the Indenture has been duly authorized, executed and delivered by the Applicable Guarantors. 

4. None of (i) the execution and delivery by or on behalf of the Applicable Obligors of, nor the performance of their respective
obligations under, each of the Transaction Documents to which it is a party, each in accordance with its terms, (ii) the offering, issuance, sale and delivery of the Initial Securities to the Initial Purchasers pursuant to the Purchase
Agreement, (iii) the offering, issuance, exchange and delivery of the Exchange Securities pursuant to the Exchange Offers contemplated by the Registration Rights Agreement in the manner therein contemplated, (iv) the issuance of the
guaranties of the Initial Securities by the Applicable Guarantors or (v) the issuance of the guaranties of the Exchange Securities by the Applicable Guarantors at such time as the Exchange Securities are issued pursuant to the Exchange Offer
contemplated by the Registration Rights Agreement in the manner therein contemplated, (A) constituted, constitutes or will constitute (1) a violation of any of the Applicable Obligor Organizational Documents or (2) a breach or
violation, or a default (or an event which, with notice or passage of time or both, would constitute a default) under any Applicable Agreement, (B) resulted, results or will result in any violation of (1) the applicable laws of the State
of Oklahoma, (2) the applicable laws of the United States of America, (3) the DGCL or DLLCA or (4) Regulation T, U or X of the Federal Reserve Board, or (C) resulted, results or will result in the contravention of any Applicable
Order. 
 5. No Governmental Approval, which has not been obtained or taken and is not in full force and effect, is required to
authorize, or is required for the execution and delivery by each of the Applicable Obligors of, the Transaction Documents to which it is a party or the incurrence or performance of its obligations thereunder, or the enforceability of any of such
Transaction Documents against any of the Applicable Obligors that is a party thereto. As used in this paragraph, “Governmental Approval” means any consent, approval, license, authorization or

 
validation of, or filing, recording or registration with, any executive, legislative, judicial, administrative or regulatory body of the State of Oklahoma or the United States of America,
pursuant to (i) applicable laws of the State of Oklahoma, (ii) applicable laws of the United States of America, (iii) the DGCL or (iv) the DLLCA. 

6. The statements under the captions “Description of the notes” “and “Exchange offer; Registration rights” in
the Preliminary Offering Memorandum and the Offering Memorandum, insofar as such statements purport to summarize certain provisions of documents referred to therein and reviewed by us as described above, fairly summarize such provisions in all
material respects, subject to the qualifications and assumptions stated therein. 
 7. The statements in the Preliminary
Offering Memorandum and the Offering Memorandum under the captions “Certain U.S. federal income tax considerations,” and “Business and properties — Environmental matters and regulation,” insofar as they refer to statements
of law or legal conclusions, fairly summarize the matters referred to therein in all material respects, subject to the qualifications and assumptions stated therein. 

8. The Indenture constitutes a valid and binding obligation of each of the Applicable Obligors, enforceable against each of them in
accordance with its terms. 
 9. When authenticated by the Trustee in the manner provided in the Indenture and delivered to and
paid for by the Initial Purchasers in accordance with the Purchase Agreement, the Initial Securities will constitute valid and binding obligations of the Issuer, entitled to the benefits of the Indenture and enforceable against the Issuer in
accordance with its terms. 
 10. When the Initial Securities have been authenticated by the Trustee in the manner provided in
the Indenture and delivered to and paid for by the Initial Purchasers in accordance with the Purchase Agreement, the guarantees of the Initial Securities included in the Indenture will constitute valid and binding obligations of the Applicable
Guarantors, enforceable against the Applicable Guarantors in accordance with the terms of the Indenture. 
 11. When validly
executed by the Issuer and authenticated by the Trustee in the manner provided in the Indenture and delivered in exchange for Initial Securities pursuant to the Exchange Offer contemplated by the Registration Rights Agreement, the Exchange
Securities will constitute valid and binding obligations of the Issuer, entitled to the benefits of the Indenture and enforceable against the Issuer in accordance with its terms. 

12. When the Exchange Securities have been validly executed by the Issuer and authenticated by the Trustee in accordance with the
provisions of the Indenture and delivered in exchange for Initial Securities pursuant to the Exchange Offer contemplated by the Registration Rights Agreement, the guarantees included in the Indenture of the Exchange Securities will constitute valid
and binding obligations of the Applicable Guarantors, enforceable against the Applicable Guarantors in accordance with the terms of the Indenture. 

13. The Registration Rights Agreement constitutes a valid and binding obligation of each of the Applicable Obligors, enforceable against
each of them in accordance with its terms. 

 14. Assuming (i) the accuracy of the representations and warranties of the Obligors set
forth in paragraphs (ee), (ff), (gg) and (hh) of Section 3 of the Purchase Agreement, (ii) the due performance by the Obligors and the Initial Purchasers of the covenants and agreements set forth in the Purchase Agreement, (iii) the
compliance by the Initial Purchasers with the offering and transfer procedures and the restrictions described in the Offering Memorandum, (iv) the accuracy of the representations and warranties of the Initial Purchasers set forth in paragraph
(b) of Section 1 of the Purchase Agreement (including Annex C thereto), (v) the accuracy of the representations and warranties made or deemed to be made in accordance with the Purchase Agreement and the Offering Memorandum by
purchasers to whom the Initial Purchasers initially resell the Initial Securities, and (vi) that purchasers to whom the Initial Purchasers initially resell the Initial Securities have been made aware of the information set forth in the Offering
Memorandum under the caption “Transfer restrictions,” (A) the offer, issue, sale and delivery of the Initial Securities (and the guaranties thereof by the Applicable Guarantors) to the Initial Purchasers and the initial resale of the
Initial Securities (and the guaranties thereof by the Applicable Guarantors) by the Initial Purchasers in accordance with paragraph (b) of Section 1 of the Purchase Agreement (including Annex C thereto), each in the manner contemplated by
the Purchase Agreement and the Offering Memorandum, do not require registration under the Securities Act; provided, however, that we express no opinion as to any subsequent resale of any Initial Securities (and the guaranties thereof by the
Guarantors) or any Exchange Securities (and the guaranties thereof by the Guarantors), and (B) prior to the consummation of the Exchange Offer or the effectiveness of the Shelf Registration Statement (as defined in the Registration Rights
Agreement), the Indenture is not required to be qualified under the Trust Indenture Act of 1939, as amended. 
 15. The Issuer
is not an “investment company” within the meaning of said term as used in the Investment Company Act of 1940, as amended. 

In addition, we have participated in conferences with officers and other representatives of the Obligors, the independent registered
public accounting firm and the independent reserve engineers for the Obligors, your counsel and your representatives at which the contents of the Time of Sale Information and the Offering Memorandum and related matters were discussed and, although
we have not independently verified and are not passing upon, and do not assume any responsibility for, the accuracy, completeness or fairness of the statements contained in the Time of Sale Information and the Offering Memorandum (except as and to
the extent set forth in paragraphs 6 and 7 above), on the basis of the foregoing (relying with respect to factual matters to the extent we deem appropriate upon statements by officers and other representatives of the Obligors), no facts have come to
our attention that have led us to believe that (i) the Time of Sale Information, as of          p.m. on September     , 2010 (which you have informed us is a time prior
to the time of the first sale of the Initial Securities by any Initial Purchaser), contained an untrue statement of a material fact or omitted to state any material fact necessary to make the statements therein, in light of the circumstances under
which they were made, not misleading, or (ii) the Offering Memorandum, as of its date and as of the date hereof, contained or contains an untrue statement of a material fact or omitted or omits to state any material fact necessary to make the
statements therein, in light of the circumstances under which they were made, not misleading, it being understood that we express no opinion, statement or belief in this letter with respect to (i) the historical financial statements and related
schedules, including the notes and schedules 

 
thereto and the auditor’s reports thereon, (ii) any other reserve, financial or accounting data, included in, or excluded from, the Offering Memorandum or the Time of Sale Information,
and (iii) the exclusion from the Time of Sale Information of any pricing information (and directly related disclosure) included in the Offering Memorandum. 

We express no opinion as to the laws of any jurisdiction other than (i) applicable laws of the State of Oklahoma,
(ii) applicable laws of the United States of America, (iii) certain other specified laws of the United States of America to the extent referred to specifically herein, (iv) the DGCL and (v) the DLLCA. References herein to
“applicable laws” mean those laws, rules and regulations that, in our experience, are normally applicable to transactions of the type contemplated by the Transaction Documents, without our having made any special investigation as to the
applicability of any specific law, rule or regulation, and that are not the subject of a specific opinion herein referring expressly to a particular law or laws; provided however, that such references to “applicable laws” (including
without limitation those appearing in paragraphs 4 and 5 above) do not include any municipal or other local laws, rules or regulations, or any antifraud, environmental, labor, securities, tax, insurance or antitrust, laws, rules or regulations.

 Our opinions expressed herein are subject to the following additional assumptions and qualifications: 

(i) The opinions set forth in paragraph 1 above as to the valid existence and good standing of the Issuer and the other entities
mentioned in such paragraph are based solely upon our review of certificates and other communications from the appropriate public officials. 

(ii) In rendering the opinions set forth in paragraph 4 above regarding Applicable Agreements, we do not express any opinion, however, as
to whether the execution or delivery by the Obligors of the Transaction Documents, or the incurrence or performance by any of the Obligors of its obligations thereunder, will constitute a violation of, or a default under or as a result of, any
covenant, restriction or provision, in each case with respect to any financial ratio or test or any aspect of the financial condition or results of operation of any of the Obligors. 

(iii) The opinion set forth in paragraph 7 above with respect to United States federal income tax considerations is based upon our
interpretations of current United States federal income tax law, including court authority and existing final and temporary U.S. Treasury regulations, which are subject to change both prospectively and retroactively, and upon the assumptions and
qualifications discussed herein. We note that such opinion represents merely our best legal judgment on the matters presented and that others may disagree with our conclusion. Such opinion is not binding upon the Internal Revenue Service or courts,
and there is no guarantee that the Internal Revenue Service will not successfully challenge our conclusions. No assurance can be given that future legislative, judicial or administrative changes, on either a prospective or retroactive basis, would
not adversely affect the accuracy of our conclusions. 
 (iv) Treasury Circular 230 Disclosure. This disclosure is
provided to comply with Treasury Circular 230. The opinion set forth in paragraph 7 of this letter is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding tax penalties that may be imposed on the person.
Such opinion was written to support the promoting, marketing or recommending of the transactions or matters addressed by this written advice, and the taxpayer 

 
should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor. No limitation has been imposed by our firm on disclosure of the tax treatment or tax
structure of the transaction. 
 (v) Our opinions in paragraphs 8, 9, 10, 11, 12 and 13 above may be: 

(1) limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or transfer or other
similar laws relating to or affecting the rights of creditors generally; and 
 (2) subject to the application of
general principles of equity (regardless of whether considered in a proceeding in equity or at law), including, without limitation, the possible unavailability of specific performance, injunctive relief or any other equitable remedy and concepts of
materiality, reasonableness, good faith and fair dealing. 
 (vi) With respect to our opinions in paragraphs 8, 9, 10, 11, 12
and 13, the Transaction Documents state that they are governed by the laws of the State of New York. Section 162 of Title 15 of the Oklahoma Statutes provides as follows: 

A contract is to be interpreted according to the law and usage of the place where it is to be performed, or, if it does not indicate a
place of performance, according to the law and usage of the place where it is made. 
 In addition to the general choice of law
rule stated above, 12A Okla. Stat. § 1-301(1) states as follows: 
 Except as provided hereafter in this section, when a
transaction bears a reasonable relation to this state and also to another state or nation, the parties may agree that the law either of this state or of such other state or nation shall govern their rights and duties... 

The Oklahoma courts have held in cases construing choice of law provisions in promissory notes that an express provision by the parties designating a
place of performance or providing a specific choice of law will be given effect if the designated state bears a reasonable relation to the transaction, unless to give it effect would violate the public policy of Oklahoma. Although we have found no
Oklahoma cases specifically addressing the choice of law applicable to a note purchase agreement or a guaranty, we believe that, based on such decisions, an Oklahoma court would give effect to the choice of law provisions in the Transaction
Documents that call for the application of New York law as long as Oklahoma public policy is not violated. 
 (vii) We express
no opinion as to the effect of the laws of any jurisdiction in which any holder of any Initial Security or Exchange Security is located (other than the State of Oklahoma) that limit the interest, fees or other charges such holder may impose for the
loan or use of money or other credit. 

 (viii) We express no opinion as to the validity, binding effect or enforceability of
[Section 4.9] of the Indenture or the first two sentences of [Section 7.7 of the Indenture]. 
 (ix)
We express no opinion as to the validity, effect or enforceability of any provisions: 
 (1) purporting to
establish particular notice periods or actions as “reasonable,” to establish evidentiary standards or limitations periods for suits or proceedings to enforce such documents or otherwise, to establish certain determinations (including
determinations of contracting parties and judgments of courts) as conclusive or conclusive absent manifest error, to commit the same to the discretion of any Person or permit any Person to act in its sole judgment or to waive rights to notice
(including, without limitation, notice of acceleration, demands, defenses, counterclaims or setoffs); 
 (2)
providing that the assertion or employment of any right or remedy shall not prevent the concurrent assertion or employment of any other right or remedy, or that each and every remedy shall be cumulative and in addition to every other remedy or that
any delay or omission to exercise any right or remedy shall not impair any other right or remedy or constitute a waiver thereof; 

(3) relating to severability or separability; 

(4) purporting to limit the liability of, or to exculpate, any Person, including without limitation any provision that
purports to waive liability for violation of securities laws; 
 (5) that constitute an agreement to agree in the
future on any matter; 
 (6) that relate to indemnification, contribution or reimbursement obligations to the
extent any such provisions (A) would purport to require any Person to provide indemnification, contribution or reimbursement in respect of the negligence, recklessness, willful misconduct or unlawful or wrongful behavior of any Person,
(B) violate any law, rule or regulation (including any federal or state securities law, rule or regulation) or (C) are determined to be contrary to public policy; 

(7) purporting to establish any obligation of any party as absolute or unconditional regardless of the occurrence or
non-occurrence or existence or nonexistence of any event or other state of facts; 
 (8) purporting to obligate
any party to conform to a standard that may not be objectively determinable or employing items that are vague or have no commonly accepted meaning in the context in which used; 

(9) purporting to require the payment of liquidated damages, premiums, additional interest or similar amounts, however
denominated, for failure to timely comply with obligations under the Registration Rights Agreement; or 

 (10) purporting to require that all amendments, waivers and terminations be
in writing or the disregard of any course of dealing or usage of trade. 
 (x) In making our examination of executed documents,
we have assumed (except to the extent that we expressly opine above) (1) the valid existence and good standing of each of the parties thereto, (2) that such parties had the power and authority, corporate, partnership, limited liability
company or other, to enter into and to incur and perform all their obligations thereunder, (3) the due authorization by all requisite action, corporate, partnership, limited liability company or other, and the due execution and delivery by such
parties of such documents and (4) to the extent such documents purport to constitute agreements, that each of such documents constitutes the legal, valid and binding obligation of each party thereto, enforceable against such party in accordance
with its terms. In this paragraph (x), all references to parties to documents shall be deemed to mean and include each of such parties, and each other person (if any) directly or indirectly acting on its behalf. 

(xi) Except to the extent that we expressly opine above, we have assumed that the execution and delivery of the Transaction Documents,
and the incurrence and performance of the obligations thereunder of the parties thereto do not and will not contravene, breach, violate or constitute a default under (with the giving of notice, the passage of time or otherwise) (1) the
certificate or articles of incorporation, certificate of formation, charter, bylaws, limited liability company agreement, limited partnership agreement or similar organic document of any such party, (2) any contract, indenture, mortgage, loan
agreement, note, lease or other agreement or instrument, (3) any statute, law, rule, or regulation, (4) any judicial or administrative order or decree of any governmental authority, or (5) any consent, approval, license, authorization
or validation of, or filing, recording or registration with, any governmental authority, in each case, to which any party to the Transaction Documents or any of its subsidiaries or any of their respective properties may be subject, or by which any
of them may be bound or affected. Further, we have assumed the compliance by each such party, other than the Obligors, with all laws, rules and regulations applicable to it, as well as the compliance by the each of the Obligors, and each other
person (if any) directly or indirectly acting on its behalf, with all laws, rules and regulations that may be applicable to it solely by virtue of the particular nature of the business conducted by it or any goods or services produced or rendered by
it or property owned, operated or leased by it, or any other facts pertaining specifically to it. In this paragraph (xi), all references to parties to the Transaction Documents, other than the first such reference, shall be deemed to mean and
include each of such parties, and each other person (if any) directly or indirectly acting on its behalf. 
 (xii) Without
limiting the generality of our qualification in clause (1) of paragraph (v) above, we express no opinion as to the applicability or effect of any preference, fraudulent transfer or conveyance, or similar law on the Transaction Documents or
any transactions contemplated thereby or any opinion expressed herein. 
 (xiii) Except to the extent that we expressly opine
above, we have assumed that no authorization, consent or other approval of, notice to or registration, recording or filing with any court, governmental authority or regulatory body (other than routine informational filings, filings under the
Securities Act and filings under the Securities Exchange Act of 1934, as amended) is required to authorize, or is required in connection with the transactions contemplated by the Transaction Documents, the execution or delivery of thereof by or on
behalf of any party thereto or the incurrence or performance by any of the parties thereto of its obligations thereunder. 

 (xiv) The opinion expressed in paragraph 15 above is given in reliance upon facts set forth
in the Opinion Support Certificate. 
 (xv) We advise you that certain of the guaranty and surety waivers contained in the
Indenture may be unenforceable in whole or in part. 
 (xvi) We understand that you are receiving a separate opinion letter
dated the date hereof from Robert W. Kelly II, Esq., General Counsel of the Issuer. We (1) have assumed the accuracy of the opinions and statements expressed therein and (2) assume no responsibility for such opinions and statements.

 (xvii) We have assumed that the sale of the Initial Securities pursuant to Regulation S under the Securities Act is not part
of a plan or scheme to evade the registration provisions of the Securities Act. 
 This opinion is being furnished only to you
in connection with the sale of the Initial Securities under the Purchase Agreement occurring today and is solely for your benefit and is not to be used, circulated, quoted or otherwise referred to for any other purpose or relied upon by any other
Person, including any purchaser of any Initial Securities or Exchange Securities from you and any subsequent purchaser of any Initial Securities or Exchange Securities, without our express written permission. The opinions expressed herein are as of
the date hereof only and are based on laws, orders, contract terms and provisions, and facts as of such date, and we disclaim any obligation to update this opinion letter after such date or to advise you of changes of facts stated or assumed herein
or any subsequent changes in applicable law. 
  

	
	 Very truly yours,
  

McAfee & Taft A Professional Corporation

 Exhibit A 

Chaparral Energy, Inc. 

Officer’s Certificate 

September     , 2010 

Reference is made to the Purchase Agreement dated as of September     , 2010 (the “Purchase
Agreement”) by and among (i) Chaparral Energy, Inc., a Delaware corporation (the “Company”), (ii) the subsidiaries of the Company named therein as parties thereto and as guarantors of securities purchased and sold
pursuant thereto, and (iii) J.P. Morgan Securities LLC, as representative of the initial purchasers of securities purchased and sold pursuant thereto (collectively, the “Initial Purchasers”). The undersigned, Mark A. Fischer,
hereby certifies that he is the Chief Executive Officer and President of the Company. 
 Such officer understands that pursuant
to the Purchase Agreement, McAfee & Taft A Professional Corporation (“McAfee & Taft”), special counsel to the Company, is delivering to the Initial Purchasers an opinion letter dated the date hereof (the
“Opinion Letter”). Such officer further understands that McAfee & Taft is relying on this certificate and the statements made herein in rendering certain of the opinions expressed in the Opinion Letter. 

With regard to the foregoing, the undersigned certifies that he has made due inquiry of all persons necessary or appropriate to verify or
confirm the statements contained herein, and he further certifies the following: 
 1. Attached as a schedule to either the
Company’s 2009 Form 10-K or its Form 10-Q for the Quarter ended June 30, 2010 is a true, accurate and complete list of every indenture, mortgage, deed of trust, loan, purchase or credit agreement, lease or other agreement (collectively,
the “Applicable Agreements”) that is both (a) material in relation to the business, operations, affairs, financial condition, assets, or properties of the Company and its subsidiaries, considered as a single enterprise, and
(b) an instrument by which the Company or any of its subsidiaries is bound or by which the Company or any of its subsidiaries or any of its properties may be bound or affected. 

2. Attached as Schedule 1 to this Officer’s Certificate is a true, accurate and complete list of every order, judgment or
decree (collectively, the “Applicable Orders”) of any governmental authority by which the Company or any of its subsidiaries or any of its properties is bound, that is material in relation to the business, operations, affairs,
financial condition, assets, or properties of the Company and its subsidiaries, considered as a single enterprise. 
 3. The
Company and its subsidiaries are engaged in businesses other than that of investing, reinvesting, owning, holding or trading in Securities. Furthermore, the Company and its subsidiaries: 

(a) are not engaged primarily, nor does any of them hold itself out as being engaged primarily, nor does any of them propose to engage
primarily, in the business of investing, reinvesting, or trading in Securities; 

 (b) are not engaged, nor do any of them propose to engage, in the business of issuing
Face-Amount Certificates of the Installment Type, nor has any of them been engaged in such business and has any such certificates outstanding; 

(c) are not engaged, nor does any of them propose to engage, in the business of investing, reinvesting, owning, holding or trading in
Securities (other than Securities of its respective subsidiaries); and 
 (d) do not own, nor does any of them propose to
acquire, Investment Securities having a value exceeding 40 percent of the value of its total assets (exclusive of Government Securities and cash items) on an unconsolidated basis. 

4. The Company and its subsidiaries do not own, and none of the proceeds from the offering of notes contemplated by the Purchase
Agreement will be used directly or indirectly to purchase or carry, any “margin stock” as defined in Regulation U promulgated by the Board of Governors of the Federal Reserve System. 

As used in paragraph 3 of this certificate: 

“Face-Amount Certificate of the Installment Type” means any certificate, investment contract or other Security which
represents an obligation on the part of its issuer to pay a stated or determinable sum or sums at a fixed or determinable date or dates more than twenty-four months after the date of issuance, in consideration of the payment of periodic installments
of a stated or determinable amount; 
 “Government Security” means any Security issued or guaranteed as to
principal or interest by the United States of America, or by an entity controlled or supervised by and acting as an instrumentality of the Government of the United States of America pursuant to authority granted by the Congress of the United States
of America; or any certificate of deposit for any of the foregoing; 
 “Investment Securities” means all
Securities, except (i) Government Securities and (ii) Securities issued by majority-owned subsidiaries of the owner, which subsidiaries: (A) are not themselves engaged in any activity described in clauses (a) through (c) of
paragraph 3 of this certificate; and (B) do not own or propose to own Investment Securities having a value exceeding 40 percent of the value of each such subsidiary’s total assets (exclusive of Government Securities and cash items) on an
unconsolidated basis; and 
 “Security” or “Securities” means any note, stock, treasury stock,
bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust
certificate, certificate of deposit for a security, fractional undivided interest in oil, gas or other mineral rights, any put, call, straddle, option or privilege on any security (including a certificate of deposit) or on any group or index of
securities (including any interest therein or based on the value thereof), or any put, call, straddle, option or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or

 
instrument commonly known as a “security,” or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to
subscribe to or purchase, any of the foregoing. 
 IN WITNESS WHEREOF the undersigned has executed this Officer’s
Certificate as of the date first written above. 
  

	
	  

	Mark A. Fischer

 Schedule 1 

Applicable Orders 
 None.

 ANNEX D-2 

Form of Opinion of Robert W. Kelly II, Esq., General Counsel of the Company 

Ladies and Gentlemen: 
 This
legal opinion is provided to you pursuant to Section 6(g) of the Purchase Agreement, dated September     , 2010 (the “Purchase Agreement”), between (i) Chaparral Energy, Inc., a Delaware
corporation (the “Company”), (ii) the unrestricted subsidiaries of the Company named therein as parties thereto and listed in Schedule 2 thereto as guarantors (collectively, the “Guarantors”) and
(iii) J.P. Morgan Securities LLC, [others] (the “Initial Purchasers”) relating to the issuance and sale by the Company of $300,000,000 aggregate principal amount of [    ]% Senior Notes due 2020 (the
“Securities”). Capitalized terms used herein, which are not otherwise defined, shall have the same meaning assigned to such term under the Purchase Agreement. 

In my capacity as counsel to the Company, I, or attorneys over whom I exercise supervision, have examined the preliminary Offering
Memorandum dated September [    ], 2010 (the “Preliminary Offering Memorandum”, as supplemented by the Pricing Supplement dated September[    ], 2010 (the “Pricing Supplement” and, together
with the Preliminary Offering Memorandum, the “Time of Sale Information”) and the final Offering Memorandum dated September [    ], 2010 related to the offering and the sale of the Securities (the “Offering
Memorandum”). In addition, I, or attorneys over whom I exercise supervision, have examined the originals, or copies identified to our satisfaction, of such corporate records of the Company and its subsidiaries, including the Guarantors,
certificates of public officials, officers of the Company and its subsidiaries, including the Guarantors, and other persons and such other documents, agreements and instruments as I have deemed necessary as a basis for the opinions hereinafter
expressed. 
 Based on the foregoing, I am of the opinion that: 

1. The Company has been duly qualified as a foreign corporation to transact business and is in good standing in the State
of Oklahoma. 
 2. The Guarantors are organized in the states set opposite their names on Schedule 2 of the
Purchase Agreement (the “Applicable Guarantors,” and each an “Applicable Guarantor”) and each has been duly formed, is validly existing as a corporation or limited liability company, as the case may be, in good
standing under the laws of its respective state, and has the corporate or limited liability company power and authority to own, lease and operate its properties and to conduct its business as described in the Time of Sale Information and the
Offering Memorandum. 
 3. Each of the Purchase Agreement, the Registration Rights Agreement, the Indenture and
the Securities, and the issuance and sale of the Securities pursuant to 

 
the Purchase Agreement and the Indenture, has been duly authorized by the Sole Member of the Applicable Guarantors or in the case of Green Country Supply, Inc., its Board of Directors, and each
of the Purchase Agreement, the Registration Rights Agreement and the Indenture, including the guarantee of the Securities and Exchange Securities pursuant to the Indenture, has been validly executed and delivered by each of the Applicable
Guarantors. 
 4. The execution, delivery and performance of the Purchase Agreement, the Registration Rights
Agreement, the Indenture and the Securities by the Company and the Guarantors, the compliance by the Company and the Guarantors with all the provisions thereof and the consummation of the transactions contemplated hereby and thereby will not, to my
knowledge, (A) violate any indenture, loan agreement, mortgage, lease or other agreement or instrument to which the Company or any Guarantor is a party or by which the Company or any Guarantor or their respective property is bound or
(B) violate or conflict with any judgment, order or decree of any court or governmental body or agency having jurisdiction over the Company or any Guarantor or their respective property, except in each case, for such violations as would not
have a Material Adverse Effect. 
 5. To my knowledge after due inquiry, there are no legal or governmental
proceedings required to be described in the Time of Sale Information and the Offering Memorandum which are not described as required or of any contracts or documents of a character required to be described in the Time of Sale Information and the
Offering Memorandum which are not described as required, and in each case insofar as such descriptions constitute summaries of the legal matters, documents or proceedings referred to in the Time of Sale Information and the Offering Memorandum,
fairly present as of the date of the Purchase Agreement the information disclosed in the Time of Sale Information and the Offering Memorandum in all material aspects, it being understood that I express no opinion as to the financial statements or
schedules or other financial data contained in the Time of Sale Information and the Offering Memorandum. 
 The opinions
expressed herein are limited to the federal laws of the United States and, to the extent relevant hereto, the laws of the State of Oklahoma, as currently in effect. I assume no obligation to supplement this opinion if any applicable laws change
after the date hereof or if I become aware of any facts that might change the opinions expressed herein after the date hereof. 

 This opinion is given as of the date hereof and is solely for the benefit of the Initial
Purchasers and the Trustee in connection with the transactions contemplated by the Purchase Agreement. This opinion may be relied upon by McAfee Taft A Professional Corporation. in connection with their opinion rendered in connection with the
transactions contemplated by the Purchase Agreement. This opinion may not be relied upon for any other purpose or relied upon by any other person for any purpose without my prior written consent. 

 

	
	Very truly yours,
	
	Robert W. Kelly II
	
	Senior Vice President and General Counsel

 Exhibit A 

Form of Registration Rights Agreement 

This REGISTRATION RIGHTS AGREEMENT dated September 16, 2010 (the “Agreement”) is entered into by and among
Chaparral Energy, Inc., a Delaware corporation (the “Company”), the guarantors listed in Schedule I hereto (the “Guarantors”) and J.P. Morgan Securities LLC, as representative for the several initial
purchasers listed in Schedule A hereto (the “Initial Purchasers”). 
 The Company, the Guarantors and
the Initial Purchasers are parties to the Purchase Agreement, dated September 13, 2010 (the “Purchase Agreement”), which provides for the sale by the Company to the Initial Purchasers of $300,000,000 principal amount of the
Company’s 9.875% Senior Notes due 2020, which will be guaranteed on an unsecured senior basis by each of the Guarantors. As an inducement to the Initial Purchasers to enter into the Purchase Agreement, the Company and the Guarantors have agreed
to provide to the Initial Purchasers and their direct and indirect transferees the registration rights set forth in this Agreement. The execution and delivery of this Agreement is a condition to the closing under the Purchase Agreement. 

In consideration of the foregoing, the parties hereto agree as follows: 

15. Definitions. As used in this Agreement, the following terms shall have the following meanings: 

“Additional Guarantor” shall mean any subsidiary of the Company that executes a Subsidiary Guarantee under the Indenture after
the date of this Agreement. 
 “Business Day” shall mean any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to remain closed. 
 “Company” shall have the
meaning set forth in the preamble and shall also include the Company’s successors. 
 “Exchange Act” shall mean
the Securities Exchange Act of 1934, as amended from time to time. 
 “Exchange Dates” shall have the meaning set
forth in Section 2(a)(ii) hereof. 
 “Exchange Offer” shall mean the exchange offer by the Company and the
Guarantors of Exchange Securities for Registrable Securities pursuant to Section 2(a) hereof. 
 “Exchange Offer
Registration” shall mean a registration under the Securities Act effected pursuant to Section 2(a) hereof. 

“Exchange Offer Registration Statement” shall mean a registration statement on Form S-4 (or, if applicable, on another
appropriate form) relating to an offering of Exchange Securities 

 
pursuant to an Exchange Offer) and all amendments and supplements to such registration statement, in each case including the Prospectus contained therein, all exhibits thereto and any document
incorporated by reference therein. 
 “Exchange Securities” shall mean senior notes issued by the Company and
guaranteed on an unsecured senior basis by the Guarantors under the Indenture containing terms identical in all material respects to the Securities (except that the Exchange Securities will not be subject to restrictions on transfer or contain terms
with respect to the payment of liquidated damages) and to be offered to Holders of Securities in exchange for Securities pursuant to the Exchange Offer. 

“Free Writing Prospectus” means each free writing prospectus (as defined in Rule 405 under the Securities Act) prepared by or
on behalf of the Company or used or referred to by the Company in connection with the sale of the Securities or the Exchange Securities. 

“Guarantors” shall have the meaning set forth in the preamble and shall also include any Guarantor’s successors and any
Additional Guarantors. 
 “Holders” shall mean the Initial Purchasers, for so long as they own any Registrable
Securities, and each of their successors, assigns and direct and indirect transferees who become owners of Registrable Securities under the Indenture; provided that for purposes of Sections 4 and 5 of this Agreement, the term
“Holders” shall include Participating Broker-Dealers. 
 “Indemnified Person” shall have the meaning set
forth in Section 5(c) hereof. 
 “Indemnifying Person” shall have the meaning set forth in Section 5(c)
hereof. 
 “Indenture” shall mean the Indenture relating to the Securities and the Exchange Securities, dated as of
September 16, 2010, among the Company, the Guarantors and Wells Fargo Bank, National Association, as trustee, and as the same may be amended from time to time in accordance with the terms thereof. 

“Initial Purchasers” shall have the meaning set forth in the preamble. 

“Inspector” shall have the meaning set forth in Section 3(a)(xiii) hereof. 

“Issue Date” shall mean September 16, 2010. 

“Issuer Information” shall have the meaning set forth in Section 5(a) hereof. 

“JPM” shall mean J.P. Morgan Securities LLC. 

“Liquidated Damages” shall have the meaning set forth in Section 2(d) hereof. 

“Majority Holders” shall mean the Holders of a majority of the aggregate principal amount of the outstanding Registrable
Securities; provided that whenever the consent or approval of Holders of a specified percentage of Registrable Securities is required hereunder, any Registrable Securities owned directly or indirectly by the Company or any of its affiliates
shall not be considered outstanding and shall not be counted in determining whether such consent or 

 
approval was given by the Holders of such required percentage or amount; and provided, further, that if the Company shall issue any additional Securities under the Indenture prior to consummation
of the Exchange Offer or, if applicable, the effectiveness of any Shelf Registration Statement, such additional Securities and the Registrable Securities to which this Agreement relates shall be treated together as one class for purposes of
determining whether the consent or approval of Holders of a specified percentage of Registrable Securities has been obtained. 

“Participating Broker-Dealers” shall have the meaning set forth in Section 4(a) hereof. 

“Person” shall mean an individual, partnership, limited liability company, corporation, trust or unincorporated organization,
or a government or agency or political subdivision thereof. 
 “Prospectus” shall mean the prospectus included in a
Registration Statement, including any preliminary prospectus, and any such prospectus as amended or supplemented by any prospectus supplement, including a prospectus supplement with respect to the terms of the offering of any portion of the
Registrable Securities covered by a Shelf Registration Statement, and by all other amendments and supplements to such prospectus, and in each case including any document incorporated by reference therein. 

“Purchase Agreement” shall have the meaning set forth in the preamble. 

“Registrable Securities” shall mean the Securities; provided that the Securities shall cease to be Registrable
Securities (i) when a Registration Statement with respect to such Securities has been declared effective under the Securities Act and such Securities have been exchanged or disposed of pursuant to such Registration Statement, (ii) the date
which is two years from the Issue Date or (iii) when such Securities cease to be outstanding. 
 “Registration
Default” shall have the meaning set forth in Section 2(d) hereof. 
 “Registration Expenses” shall mean any
and all expenses incident to performance of or compliance by the Company and the Guarantors with this Agreement, including without limitation: (i) all SEC, stock exchange or Financial Industry Regulatory Authority, Inc. registration and filing
fees, (ii) all fees and expenses incurred in connection with compliance with state securities or blue sky laws (including reasonable fees and disbursements of counsel for any Underwriters or Holders in connection with blue sky qualification of
any Exchange Securities or Registrable Securities), (iii) all expenses of any Persons in preparing or assisting in preparing, word processing, printing and distributing any Registration Statement, any Prospectus and any amendments or
supplements thereto, any underwriting agreements, securities sales agreements or other similar agreements and any other documents relating to the performance of and compliance with this Agreement, (iv) all rating agency fees, (v) all fees
and disbursements relating to the qualification of the Indenture under applicable securities laws, (vi) the fees and disbursements of the Trustee and its counsel, (vii) the fees and disbursements of counsel for the Company and the
Guarantors and, in the case of a Shelf Registration Statement, the reasonable fees and disbursements of one counsel for the Holders (which counsel shall be selected by the Majority Holders and which counsel may also be counsel for the Initial
Purchasers) and (viii) the fees and disbursements of the independent public accountants of the Company and the Guarantors, including the expenses of any special audits or “comfort” letters required by or incident to the performance of
and 

 
compliance with this Agreement, but excluding fees and expenses of counsel to the Underwriters (other than fees and expenses set forth in clause (ii) above) or the Holders and underwriting
discounts and commissions, brokerage commissions and transfer taxes, if any, relating to the sale or disposition of Registrable Securities by a Holder. 

“Registration Statement” shall mean any registration statement of the Company and the Guarantors that covers any of the
Exchange Securities or Registrable Securities pursuant to the provisions of this Agreement and all amendments and supplements to any such registration statement, including post-effective amendments, in each case including the Prospectus contained
therein, all exhibits thereto and any document incorporated by reference therein. 
 “SEC” shall mean the United
States Securities and Exchange Commission. 
 “Securities” shall mean $300,000,000 principal amount of the
Company’s 9.875% Senior Notes due 2020 issued under the Indenture and guaranteed on an unsecured senior basis by the Guarantors. 

“Securities Act” shall mean the Securities Act of 1933, as amended from time to time. 

“Shelf Effectiveness Period” shall have the meaning set forth in Section 2(b) hereof. 

“Shelf Registration” shall mean a registration effected pursuant to Section 2(b) hereof. 

“Shelf Registration Default” shall have the meaning set forth in Section 2(d) hereof. 

“Shelf Registration Statement” shall mean a “shelf” registration statement of the Company and the Guarantors that
covers all or a portion of the Registrable Securities (but no other securities unless approved by the Holders of a majority of the aggregate principal amount of Registrable Securities that are to be covered by such Shelf Registration Statement) on
an appropriate form under Rule 415 under the Securities Act, or any similar rule that may be adopted by the SEC, and all amendments and supplements to such registration statement, including post-effective amendments, in each case including the
Prospectus contained therein, all exhibits thereto and any document incorporated by reference therein. 
 “Staff”
shall mean the staff of the SEC. 
 “Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended from
time to time. 
 “Trustee” shall mean the trustee with respect to the Securities under the Indenture. 

“Underwriter” shall have the meaning set forth in Section 3(e) hereof. 

“Underwritten Offering” shall mean an offering in which Registrable Securities are sold to an Underwriter for reoffering to the
public. 
 16. Registration Under the Securities Act. (a) To the extent not prohibited by any applicable law or
applicable interpretations of the Staff, the Company and the Guarantors shall 

 
use their commercially reasonable efforts to (i) cause to be filed an Exchange Offer Registration Statement covering an offer to the Holders to exchange all the Registrable Securities for
like principal amount of Exchange Securities and (ii) have such Registration Statement remain effective until 90 days after the closing of the Exchange Offer. The Company and the Guarantors shall commence the Exchange Offer promptly after the
Exchange Offer Registration Statement is declared effective by the SEC and use their commercially reasonable efforts to complete the Exchange Offer not later than 60 days after such effective date. 

The Company and the Guarantors shall commence the Exchange Offer by mailing the related Prospectus, appropriate letters of transmittal
and other accompanying documents to each Holder stating, in addition to such other disclosures as are required by applicable law, substantially the following: 

(i) that the Exchange Offer is being made pursuant to this Agreement and that all Registrable Securities validly tendered
and not properly withdrawn will be accepted for exchange; 
 (ii) the dates of acceptance for exchange (which
shall be a period of at least 20 Business Days from the date such notice is mailed) (the “Exchange Dates”); 

(iii) that any Registrable Security not tendered will remain outstanding and continue to accrue interest but will not
retain any rights under this Agreement; 
 (iv) that any Holder electing to have a Registrable Security exchanged
pursuant to the Exchange Offer will be required to surrender such Registrable Security, together with the appropriate letters of transmittal, to the institution and at the address (located in the Borough of Manhattan, The City of New York) and in
the manner specified in the notice, prior to the close of business on the last Exchange Date; and 
 (v) that any
Holder will be entitled to withdraw its election, not later than the close of business on the last Exchange Date, by sending to the institution and at the address (located in the Borough of Manhattan, The City of New York) specified in the notice, a
telegram, telex, facsimile transmission or letter setting forth the name of such Holder, the principal amount of Registrable Securities delivered for exchange and a statement that such Holder is withdrawing its election to have such Securities
exchanged. 
 As a condition to participating in the Exchange Offer, a Holder will be required to represent to the Company and
the Guarantors that (i) any Exchange Securities to be received by it will be acquired in the ordinary course of its business, (ii) at the time of the commencement of the Exchange Offer it has no arrangement or understanding with any Person
to participate in the distribution (within the meaning of the Securities Act) of the Exchange Securities in violation of the provisions of the Securities Act, (iii) it is not an “affiliate” (within the meaning of Rule 405 under the
Securities Act) of the Company or any Guarantor and (iv) if such Holder is a broker-dealer that will receive Exchange Securities for its own account in exchange for Registrable Securities that were acquired as a result of market-making or other
trading activities, then such Holder will deliver a Prospectus in connection with any resale of such Exchange Securities. 

 As soon as practicable after the last Exchange Date, the Company and the Guarantors shall:

 accept for exchange Registrable Securities or portions thereof validly tendered and not properly withdrawn
pursuant to the Exchange Offer; and 
 (vi) deliver, or cause to be delivered, to the Trustee for cancellation
all Registrable Securities or portions thereof so accepted for exchange by the Company and issue, and cause the Trustee to promptly authenticate and deliver to each Holder, Exchange Securities equal in aggregate principal amount to the aggregate
principal amount of the Registrable Securities surrendered by such Holder. 
 The Company and the Guarantors shall use their
commercially reasonable efforts to complete the Exchange Offer as provided above and shall comply with the applicable requirements of the Securities Act, the Exchange Act and other applicable laws and regulations in connection with the Exchange
Offer. The Exchange Offer shall not be subject to any conditions, other than that the Exchange Offer does not violate any applicable law or applicable interpretation of the Staff. 

If, during the period the Exchange Offer Registration Statement is effective, an event occurs which makes any statement made in such
Exchange Offer Registration Statement or the related Prospectus untrue in any material respect or which requires the making of any changes in such Exchange Offer Registration Statement in order to make the statements therein not misleading or in
such Prospectus in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, the Company and the Guarantors shall use their commercially reasonable efforts to prepare and file with the SEC a
supplement or post-effective amendment to the Exchange Offer Registration Statement or the related Prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter delivered to the purchasers of
the Registrable Securities, such Prospectus will not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not
misleading. The Company agrees to notify the Holders and to suspend the exchange of the Registrable Securities as promptly as practicable after the occurrence of such an event, and the Holders hereby agree to suspend such exchange until the Company
and the Guarantors have amended or supplemented the Prospectus to correct such misstatement or omission. 
 (b) In the event
that (i) the Company and the Guarantors determine that the Exchange Offer Registration provided for in Section 2(a) above is not available or may not be completed as soon as practicable after the last Exchange Date because it would violate
any applicable law or applicable interpretation of the Staff, (ii) the Exchange Offer is not for any other reason completed on or prior to the 270th day after the Closing Date or (iii) any Initial Purchaser shall so request in connection
with any offer or sale of Registrable Securities, the Company and the Guarantors shall use their reasonable best efforts to cause to be filed as soon as practicable after such determination, date or request, as the case may be, a Shelf Registration
Statement providing for the sale of all the Registrable Securities by the Holders thereof and to have such Shelf Registration Statement declared effective by the SEC. 

 In the event that the Company and the Guarantors are required to file a Shelf Registration
Statement pursuant to clause (iii) of the preceding sentence, the Company and the Guarantors shall use their commercially reasonable efforts to file and have declared effective by the SEC both an Exchange Offer Registration Statement pursuant
to Section 2(a) with respect to all Registrable Securities and a Shelf Registration Statement (which may be a combined Registration Statement with the Exchange Offer Registration Statement) with respect to offers and sales of Registrable
Securities held by the Initial Purchasers after completion of the Exchange Offer. 
 The Company and the Guarantors agree to use
their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective until the second anniversary of the Issue Date or such shorter period that will terminate when all the Registrable Securities covered by the Shelf
Registration Statement have been sold pursuant to the Shelf Registration Statement or cease to be Registrable Securities within the meaning of this Agreement (the “Shelf Effectiveness Period”). The Company and the Guarantors further agree
to supplement or amend the Shelf Registration Statement and the related Prospectus if required by the rules, regulations or instructions applicable to the registration form used by the Company for such Shelf Registration Statement or by the
Securities Act or by any other rules and regulations thereunder for shelf registration or if reasonably requested by a Holder to correct information relating to such Holder (provided the Majority Holders do not object to such amendment and resulting
limitation of use of the Shelf Registration Statement), and to use their commercially reasonable efforts to cause any such amendment to become effective and such Shelf Registration Statement and Prospectus to become usable as soon as thereafter
practicable. The Company and the Guarantors agree to furnish to the Holders of Registrable Securities copies of any such supplement or amendment promptly after its being used or filed with the SEC. 

(c) The Company and the Guarantors shall pay all Registration Expenses in connection with any registration pursuant to Section 2(a)
or Section 2(b) hereof. Each Holder shall pay all underwriting discounts and commissions, brokerage commissions and transfer taxes, if any, relating to the sale or disposition of such Holder’s Registrable Securities pursuant to the Shelf
Registration Statement. 
 (d) An Exchange Offer Registration Statement pursuant to Section 2(a) hereof will not be deemed
to have become effective unless it has been declared effective by the SEC. A Shelf Registration Statement pursuant to Section 2(b) hereof will not be deemed to have become effective unless it has been declared effective by the SEC or is
automatically effective upon filing with the SEC as provided by Rule 462 under the Securities Act. 
 The Company, each
Guarantor and the Initial Purchasers agree that the Holders will suffer damages if the Company or the Guarantors fail to fulfill their respective obligations under Section 2(a) or Section 2(b) hereof and that it would not be feasible to
ascertain the extent of such damages with precision. Accordingly, the Company and each Guarantor agree that in the event that: 

(i) either the Exchange Offer is not completed or the Shelf Registration Statement, if required hereby, is not declared
effective on or prior to the 270th day after the Closing Date (a “Registration Default”); or 

 (ii) the Shelf Registration Statement, if required hereby, has been declared
effective and thereafter either ceases to be effective or the Prospectus contained therein ceases to be usable at any time during the Shelf Effectiveness Period, and such failure to remain effective or usable continues for 30 consecutive days or
exists for more than an aggregate of 60 days in any 12-month period (a “Shelf Registration Default”); 
 then the Company and the
Guarantors hereby agree to pay each Holder of Registrable Securities affected thereby, liquidated damages (“Liquidated Damages”). Liquidated Damages will accrue on the affected Registrable Securities and the affected Exchange Securities,
as applicable. The rate of Liquidated Damages will be 0.25% per annum of the principal amount of Registrable Securities held by such Holder for the first 90-day period immediately following the occurrence of a Registration Default or Shelf
Registration Default, as applicable, increasing by 0.25% per annum with respect to each subsequent 90-day period, up to a maximum of 1.00% per annum, in each case until (x) with respect to a Registration Default, the Exchange Offer is
completed or the Shelf Registration Statement, if required hereby, is declared effective by the SEC or a Shelf Registration Statement relating to the Securities has become effective or (y) with respect to a Shelf Registration Default, the Shelf
Registration Statement has again been declared effective or the Prospectus again becomes usable. 
 Notwithstanding the
foregoing, (1) the amount of Liquidated Damages payable shall not increase because more than one Registration Default has occurred and is pending and (2) a Holder of Registrable Securities or Exchange Securities who is not entitled to the
benefits of the Shelf Registration Statement (i.e., such Holder has not elected to furnish information to the Company in accordance with Section 3(b) hereof) shall not be entitled to Liquidated Damages with respect to a Shelf Registration
Default. 
 Anything herein to the contrary notwithstanding, no Holder who (x) was eligible to exchange such Holder’s
outstanding Securities at the time that the Exchange Offer was pending and consummated and (y) failed to validly tender such Securities for exchange pursuant to the Exchange Offer shall be entitled to receive any Liquidated Damages that would
otherwise accrue subsequent to the date the Exchange Offer is consummated pursuant to this Section 2(d). 
 (e) The Company
shall notify the Trustee within one Business Day after each date on which an event occurs in respect of which Liquidated Damages are required to be paid. Any amounts of Liquidated Damages due pursuant to this Section 2 will be payable in
addition to any other interest payable from time to time with respect to the Registrable Securities in cash semi-annually on the interest payment dates specified in the Indenture (to the holders of record as specified in the Indenture), commencing
with the first such interest payment date occurring after any such Liquidated Damages commence to accrue. The amount of Liquidated Damages will be determined in a manner consistent with the calculation of interest under the Indenture. 

(f) Without limiting the remedies available to the Initial Purchasers and the Holders, the Company and the Guarantors acknowledge that
any failure by the Company or the Guarantors to comply with their obligations under Section 2(a) and Section 2(b) hereof may result in material irreparable injury to the Initial Purchasers or the Holders for which there is no adequate
remedy at law, that it will not be possible to measure damages for such injuries precisely and that, in the event of any such failure, the Initial Purchasers or any Holder may obtain such relief as may be required to specifically enforce the
Company’s and the Guarantors’ obligations under Section 2(a) and Section 2(b) hereof. 

 (g) The Company represents, warrants and covenants that it (including its agents and
representatives) will not prepare, make, use, authorize, approve or refer to any Free Writing Prospectus. 
 17. Registration
Procedures. (a) In connection with their obligations pursuant to Section 2(a) and Section 2(b) hereof, the Company and the Guarantors shall: 

(i) prepare and file with the SEC a Registration Statement on the appropriate form under the Securities Act, which form
(x) shall be selected by the Company and the Guarantors, (y) shall, in the case of a Shelf Registration, be available for the sale of the Registrable Securities by the Holders thereof and (z) shall comply as to form in all material
respects with the requirements of the applicable form and include all financial statements required by the SEC to be filed therewith; and use their commercially reasonable efforts to cause such Registration Statement to become effective and remain
effective for the applicable period in accordance with Section 2 hereof; 
 (ii) prepare and file with the
SEC such amendments and post-effective amendments to each Registration Statement as may be necessary to keep such Registration Statement effective for the applicable period in accordance with Section 2 hereof and cause each Prospectus to be
supplemented by any required prospectus supplement and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act; and keep each Prospectus current during the period described in Section 4(3) of and Rule 174 under the
Securities Act that is applicable to transactions by brokers or dealers with respect to the Registrable Securities or Exchange Securities; 

(iii) in the case of a Shelf Registration, furnish to each Holder of Registrable Securities, to counsel for the Initial
Purchasers, to counsel for such Holders (if any had been identified by notice to the Company) and to each Underwriter of an Underwritten Offering of Registrable Securities, if any, without charge, as many copies of each Prospectus, including each
preliminary Prospectus, and any amendment or supplement thereto, as such Holder or Underwriter may reasonably request, in order to facilitate the sale or other disposition of the Registrable Securities thereunder; and, subject to
Section 3(a)(ix), the Company and the Guarantors consent to the use of such Prospectus and any amendment or supplement thereto in accordance with applicable law by each of the selling Holders of Registrable Securities and any such Underwriters
in connection with the offering and sale of the Registrable Securities covered by and in the manner described in such Prospectus or any amendment or supplement thereto in accordance with applicable law; 

(iv) use their reasonable best efforts to register or qualify the Registrable Securities under all applicable state
securities or blue sky laws of such jurisdictions as any Holder of Registrable Securities covered by a Registration Statement shall reasonably request in writing by the time the applicable Registration Statement is declared effective by the SEC;
cooperate with such Holders in connection with any filings required to be made 

 
with the National Association of Securities Dealers, Inc.; and do any and all other acts and things that may be reasonably necessary or advisable to enable each Holder to complete the disposition
in each such jurisdiction of the Registrable Securities owned by such Holder; provided that neither the Company nor any Guarantor shall be required to (1) qualify as a foreign corporation or other entity or as a dealer in securities in
any such jurisdiction where it would not otherwise be required to so qualify, (2) file any general consent to service of process in any such jurisdiction or (3) subject itself to taxation in any such jurisdiction if it is not so subject;

 (v) in the case of a Shelf Registration, notify each Holder of Registrable Securities, counsel for such
Holders and counsel for the Initial Purchasers promptly and, if requested by any such Holder or counsel, confirm such advice in writing (1) when a Registration Statement has become effective and when any post-effective amendment thereto has
been filed and becomes effective, (2) of any request by the SEC or any state securities authority for amendments and supplements to a Registration Statement and Prospectus or for additional information after the Registration Statement has
become effective, (3) of the issuance by the SEC or any state securities authority of any stop order suspending the effectiveness of a Registration Statement or the initiation of any proceedings for that purpose, including the receipt by the
Company of any notice of objection of the SEC to the use of a Shelf Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act, (4) if, between the applicable effective date of a
Registration Statement and the closing of any sale of Registrable Securities covered thereby, the representations and warranties of the Company or any Guarantor contained in any underwriting agreement, securities sales agreement or other similar
agreement, if any, relating to an offering of such Registrable Securities cease to be true and correct in all material respects or if the Company or any Guarantor receives any notification with respect to the suspension of the qualification of the
Registrable Securities for sale in any jurisdiction or the initiation of any proceeding for such purpose, (5) of the happening of any event during the period a Shelf Registration Statement is effective that makes any statement made in such
Registration Statement or the related Prospectus untrue in any material respect or that requires the making of any changes in such Registration Statement in order to make the statements therein not misleading or in such Prospectus in order to make
the statements therein, in the light of the circumstances under which they were made, not misleading and (6) of any determination by the Company or any Guarantor that a post-effective amendment to a Registration Statement would be appropriate;

 (vi) use their reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness of a
Registration Statement or, in the case of a Shelf Registration, the resolution of any objection of the SEC pursuant to Rule 401(g)(2), including by filing an amendment to such Shelf Registration Statement on the proper form, at the earliest possible
moment and provide immediate notice to each Holder of the withdrawal of any such order or such resolution; 

(vii) in the case of a Shelf Registration, furnish to each Holder of Registrable Securities, without charge, at least one
conformed copy of each Registration Statement and any post-effective amendment thereto (without any documents incorporated therein by reference or exhibits thereto, unless requested); 

 (viii) in the case of a Shelf Registration, cooperate with the selling
Holders of Registrable Securities to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive legends and enable such Registrable Securities to be issued in such
denominations and registered in such names (consistent with the provisions of the Indenture) as such Holders may reasonably request at least one Business Day prior to the closing of any sale of Registrable Securities; 

(ix) in the case of a Shelf Registration, upon the occurrence of any event contemplated by Section 3(a)(v)(5) hereof,
use their commercially reasonable efforts to prepare and file with the SEC a supplement or post-effective amendment to such Shelf Registration Statement or the related Prospectus or any document incorporated therein by reference or file any other
required document so that, as thereafter delivered to purchasers of the Registrable Securities, such Prospectus will not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in
the light of the circumstances under which they were made, not misleading; and the Company and the Guarantors shall notify the Holders of Registrable Securities to suspend use of the Prospectus as promptly as practicable after the occurrence of such
an event, and such Holders hereby agree to suspend use of the Prospectus until the Company and the Guarantors have amended or supplemented the Prospectus to correct such misstatement or omission or until the Company notifies the Holders that the
sale of the Registrable Securities may be resumed; 
 (x) a reasonable time prior to the filing of any
Registration Statement, any Prospectus, any amendment to a Registration Statement or amendment or supplement to a Prospectus or of any document that is to be incorporated by reference into a Registration Statement or a Prospectus after initial
filing of a Registration Statement, provide copies of such document to the Initial Purchasers and their counsel (and, in the case of a Shelf Registration Statement, to the Holders of Registrable Securities and their counsel) and make such of the
representatives of the Company and the Guarantors as shall be reasonably requested by the Initial Purchasers or their counsel (and, in the case of a Shelf Registration Statement, the Holders of Registrable Securities or their counsel) available for
discussion of such document; and the Company and the Guarantors shall not, at any time after initial filing of a Registration Statement, file any Prospectus, any amendment of or supplement to a Registration Statement or a Prospectus, or any document
that is to be incorporated by reference into a Registration Statement or a Prospectus, of which the Initial Purchasers and their counsel (and, in the case of a Shelf Registration Statement, the Holders of Registrable Securities and their counsel)
shall not have previously been advised and furnished a copy or to which the Initial Purchasers or their counsel (and, in the case of a Shelf Registration Statement, the Holders of Registrable Securities or their counsel) shall object within a
reasonable time period; 
 (xi) obtain a CUSIP number for all Exchange Securities or Registrable Securities, as
the case may be, not later than the effective date of a Registration Statement; 

 (xii) cause the Indenture to be qualified under the Trust Indenture Act in
connection with the registration of the Exchange Securities or Registrable Securities, as the case may be; cooperate with the Trustee and the Holders to effect such changes to the Indenture as may be required for the Indenture to be so qualified in
accordance with the terms of the Trust Indenture Act; and execute, and use their reasonable best efforts to cause the Trustee to execute, all documents as may be required to effect such changes and all other forms and documents required to be filed
with the SEC to enable the Indenture to be so qualified in a timely manner; 
 (xiii) in the case of a Shelf
Registration (including an Underwritten Offering thereunder), make available for inspection by a representative of the Holders of the Registrable Securities (an “Inspector”), any Underwriter participating in any disposition pursuant to
such Shelf Registration Statement, any attorneys and accountants designated by the Holders of Registrable Securities and any attorneys and accountants designated by such Underwriter, at reasonable times and in a reasonable manner, all pertinent
financial and other records, documents and properties of the Company and the Guarantors, and cause the respective officers, directors and employees of the Company and the Guarantors to supply all information reasonably requested by any such
Inspector, Underwriter, attorney or accountant in connection with a Shelf Registration Statement, in each case that would customarily be reviewed or examined in connection with “due diligence” review of the Company and the Guarantors;
provided that the foregoing inspection and information gathering (1) shall be coordinated on behalf of the selling Holders, Underwriters and representatives thereof by one counsel, who shall be such counsel as may be chosen by the
Majority Holders or by the Underwriters, as the case may be, and (2) if any such information is identified by the Company or any Guarantor as being confidential or proprietary, shall not be available for any such Holder or Underwriter who does
not agree in writing pursuant to a customary non-disclosure agreement to hold such information in confidence; 

(xiv) in the case of a Shelf Registration, use their reasonable best efforts to cause all Registrable Securities to be
listed on any securities exchange or any automated quotation system on which similar securities issued or guaranteed by the Company or any Guarantor are then listed if requested by the Majority Holders, to the extent such Registrable Securities
satisfy applicable listing requirements; 
 (xv) if reasonably requested by any Holder of Registrable Securities
covered by a Shelf Registration Statement, promptly include in a Prospectus supplement or post-effective amendment such information with respect to such Holder as such Holder reasonably requests to be included therein and make all required filings
of such Prospectus supplement or such post-effective amendment as soon as the Company has received notification of the matters to be so included in such filing; 

(xvi) in the case of a Shelf Registration, enter into such customary agreements and take all such other reasonable actions
in connection therewith (including those requested by the Holders of a majority in principal amount of the Registrable Securities being sold) in order to expedite or facilitate the disposition of such Registrable Securities including, but not
limited to, an Underwritten Offering and in such connection, 

 
(1) to the extent possible, make such representations and warranties to the Holders and any Underwriters of such Registrable Securities with respect to the business of the Company and its
subsidiaries and the Registration Statement, Prospectus and documents incorporated by reference or deemed incorporated by reference, if any, in each case, in form, substance and scope as are customarily made by issuers to underwriters in
underwritten offerings and confirm the same if and when requested, (2) obtain opinions of counsel to the Company and the Guarantors (which counsel and opinions, in form, scope and substance, shall be reasonably satisfactory to the Holders and
such Underwriters and their respective counsel) addressed to each selling Holder and Underwriter of Registrable Securities, covering the matters customarily covered in opinions requested in underwritten offerings of the type contemplated by this
provision, (3) obtain “comfort” letters from the independent certified public accountants of the Company and the Guarantors (and, if necessary, any other certified public accountant of any subsidiary of the Company or any Guarantor,
or of any business acquired by the Company or any Guarantor for which financial statements and financial data are or are required to be included in the Registration Statement) addressed to each selling Holder and Underwriter of Registrable
Securities (subject, in each case, to the policies and procedures of the independent certified public accountants of the Company and the Guarantors and such other independent certified public accountants regarding the preparation and delivery of
such letters), such letters to be in customary form and covering matters of the type customarily covered in “comfort” letters in connection with underwritten offerings of the type contemplated by this provision and (4) deliver such
documents and certificates as may be reasonably requested by the Holders of a majority in principal amount of the Registrable Securities being sold or the Underwriters, and which are customarily delivered in underwritten offerings of the type
contemplated by this provision, to evidence the continued validity of the representations and warranties of the Company and the Guarantors made pursuant to clause (1) above and to evidence compliance with any customary conditions contained in
an underwriting agreement; and 
 (xvii) so long as any Registrable Securities remain outstanding, cause each
Additional Guarantor upon the creation or acquisition by the Company of such Additional Guarantor, to take such action as to permit the Company and the Guarantors to comply with this Agreement, including making such Additional Guarantor a
co-registrant of securities under any Registration Statement or Shelf Registration Statement. 
 (b) In the case of a Shelf
Registration Statement, the Company and the Guarantors may require each Holder of Registrable Securities to furnish to the Company such information regarding such Holder and the proposed disposition by such Holder of such Registrable Securities as
the Company and the Guarantors may from time to time reasonably request in writing. So long as any Holder fails to furnish such information in a reasonably timely manner after receiving the request, the Company and the Guarantors shall (i) have
no obligation under this Agreement to provide for the disposition of such Holder’s Registrable Securities in the Shelf Registration Statement in respect to which such information was requested, (ii) not be required to provide for the
disposition of such Holder’s Registrable Securities in any post-effective amendment to such Shelf Registration Statement or any future Shelf Registration Statement that is not otherwise required to be filed and (iii) not be required to pay
any liquidated damages to such Holder as provided in Section 2(d) hereof. Each Holder including Registrable Securities in a Shelf Registration 

 
Statement shall agree to furnish promptly to the Company all information regarding such Holder and the proposed distribution by such Holder of such Registrable Securities required to make the
information previously furnished to the Company by such Holder not materially misleading. 
 (c) In the case of a Shelf
Registration Statement, each Holder of Registrable Securities agrees that, upon receipt of any notice from the Company or any Guarantor of the happening of any event of the kind described in Section 3(a)(v)(3) or 3(a)(v)(5) hereof, such Holder
will forthwith discontinue disposition of Registrable Securities pursuant to the Shelf Registration Statement until such Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 3(a)(ix) hereof and,
if so directed by the Company or any Guarantor, such Holder will deliver to the Company and the Guarantors all copies in its possession, other than permanent file copies then in such Holder’s possession, of the Prospectus covering such
Registrable Securities that is current at the time of receipt of such notice. 
 (d) If the Company or any Guarantor shall give
any notice pursuant to Section 3(c) hereof to suspend the disposition of Registrable Securities pursuant to a Shelf Registration Statement, the Company and the Guarantors shall extend the period during which such Shelf Registration Statement
shall be maintained effective pursuant to this Agreement by the number of days during the period from and including the date of the giving of such notice to and including the date when the Holders of such Registrable Securities shall have received
copies of the supplemented or amended Prospectus necessary to resume such dispositions. The Company and the Guarantors may give any such notice only twice during any 365-day period and any such suspensions shall not exceed 60 days in the aggregate
and there shall not be more than two suspensions in effect during any 365-day period. 
 (e) The Holders of Registrable
Securities covered by a Shelf Registration Statement who desire to do so may sell such Registrable Securities in an Underwritten Offering. In any such Underwritten Offering, the investment bank or investment banks and manager or managers (each an
“Underwriter”) that will administer the offering will be selected by the Holders of a majority in principal amount of the Registrable Securities included in such offering. 

18. Participation of Broker-Dealers in Exchange Offer. (a) The Staff has taken the position that any broker-dealer that
receives Exchange Securities for its own account in the Exchange Offer in exchange for Securities that were acquired by such broker-dealer as a result of market-making or other trading activities (a “Participating Broker-Dealer”) may be
deemed to be an “underwriter” within the meaning of the Securities Act and must deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of such Exchange Securities. 

The Company and the Guarantors understand that it is the Staff’s position that if the Prospectus contained in the Exchange Offer
Registration Statement includes a plan of distribution containing a statement to the above effect and the means by which Participating Broker-Dealers may resell the Exchange Securities, without naming the Participating Broker-Dealers or specifying
the amount of Exchange Securities owned by them, such Prospectus may be delivered by Participating Broker-Dealers to satisfy their prospectus delivery obligation under the Securities Act in connection with resales of Exchange Securities for their
own accounts, so long as the Prospectus otherwise meets the requirements of the Securities Act. 

 (b) In light of the above, and notwithstanding the other provisions of this Agreement, the
Company and the Guarantors agree to amend or supplement the Prospectus contained in the Exchange Offer Registration Statement for a period of up to 90 days after the last Exchange Date (as such period may be extended pursuant to Section 3(d) of
this Agreement), if requested by the Initial Purchasers or by one or more Participating Broker-Dealers, in order to expedite or facilitate the disposition of any Exchange Securities by Participating Broker-Dealers consistent with the positions of
the Staff recited in Section 4(a) above. The Company and the Guarantors further agree that Participating Broker-Dealers shall be authorized to deliver such Prospectus during such period in connection with the resales contemplated by this
Section 4. 
 (c) The Initial Purchasers shall have no liability to the Company, any Guarantor or any Holder with respect
to any request that they may make pursuant to Section 4(b) above. 
 19. Indemnification and Contribution.
(a) The Company and each Guarantor, jointly and severally, agree to indemnify and hold harmless each Initial Purchaser and each Holder, their respective affiliates, directors and officers and each Person, if any, who controls any Initial
Purchaser or any Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, from and against any and all losses, claims, damages and liabilities (including, without limitation, reasonable legal fees
and other expenses incurred in connection with any suit, action or proceeding or any claim asserted, as such fees and expenses are incurred), that arise out of, or are based upon, (i) any untrue statement or alleged untrue statement of a
material fact contained in any Registration Statement or any omission or alleged omission to state therein a material fact required to be stated therein or necessary in order to make the statements therein not misleading or (ii) any untrue
statement or alleged untrue statement of a material fact contained in any Prospectus, any Free Writing Prospectus used in violation of this Agreement or any “issuer information” (“Issuer Information”) filed or required to be
filed pursuant to Rule 433(d) under the Securities Act, or any omission or alleged omission to state therein 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, except insofar as such losses, claims, damages or liabilities arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity
with any information relating to any Initial Purchaser, or information relating to any Holder furnished to the Company in writing through JPM or any selling Holder expressly for use therein. In connection with any Underwritten Offering permitted by
Section 3, the Company and the Guarantors will also enter into an underwriting agreement pursuant to which the Company and the Guarantors will agree to jointly and severally indemnify the Underwriters, if any, selling brokers, dealers and
similar securities industry professionals participating in such Underwritten Offering, their respective affiliates and each Person who controls such Persons (within the meaning of the Securities Act and the Exchange Act) to the same extent as
provided above with respect to the indemnification of the Holders, if requested in connection with any Registration Statement, any Prospectus, any Free Writing Prospectus or any Issuer Information. 

(b) Each Holder agrees, severally and not jointly, to indemnify and hold harmless the Company, the Guarantors, the Initial Purchasers and
the other selling Holders, the directors of the Company and the Guarantors, each officer of the Company and the Guarantors who signed the Registration Statement and each Person, if any, who controls the Company, the Guarantors, any Initial Purchaser
and any other selling Holder within the meaning of Section 15 of the Securities 

 
Act or Section 20 of the Exchange Act to the same extent as the indemnity set forth in paragraph (a) above, but only with respect to any losses, claims, damages or liabilities that
arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any information relating to such Holder furnished to the Company in writing by such Holder
expressly for use in any Registration Statement and any Prospectus. 
 (c) If any suit, action, proceeding (including any
governmental or regulatory investigation), claim or demand shall be brought or asserted against any Person in respect of which indemnification may be sought pursuant to either paragraph (a) or (b) above, such Person (the “Indemnified
Person”) shall promptly notify the Person against whom such indemnification may be sought (the “Indemnifying Person”) in writing; provided that the failure to notify the Indemnifying Person shall not relieve it from any
liability that it may have under this Section 5 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 Person shall not relieve it from any liability that it may have to an Indemnified Person otherwise than under this Section 5. If any such proceeding shall be brought or asserted against an Indemnified Person and it shall
have notified the Indemnifying Person thereof, the Indemnifying Person shall retain counsel reasonably satisfactory to the Indemnified Person to represent the Indemnified Person and any others entitled to indemnification pursuant to this
Section 5 that the Indemnifying Person may designate in such proceeding and shall pay the reasonable fees and expenses of such counsel related to such proceeding, as incurred. In any such proceeding, any Indemnified Person shall have the right
to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Person unless (i) the Indemnifying Person and the Indemnified Person shall have mutually agreed to the contrary; (ii) the
Indemnifying Person has failed within a reasonable time to retain counsel reasonably satisfactory to the Indemnified Person; (iii) the Indemnified Person shall have reasonably concluded that there may be legal defenses available to it that are
different from or in addition to those available to the Indemnifying Person; or (iv) the named parties in any such proceeding (including any impleaded parties) include both the Indemnifying Person and the Indemnified Person and representation
of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them. It is understood and agreed that the Indemnifying Person shall not, in connection with any proceeding or related proceeding in
the same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any reasonably necessary local counsel) for all Indemnified Persons, and that all such reasonable fees and expenses shall be reimbursed as they
are incurred. Any such separate firm (x) for any Initial Purchaser, its affiliates, directors and officers and any control Persons of such Initial Purchaser shall be designated in writing by JPM, (y) for any Holder, its directors and
officers and any control Persons of such Holder shall be designated in writing by the Majority Holders and (z) in all other cases shall be designated in writing by the Company. The Indemnifying Person shall not be liable for any settlement of
any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the Indemnifying Person agrees to indemnify each Indemnified Person from and against any loss or liability by
reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an Indemnified Person shall have requested that an Indemnifying Person reimburse the Indemnified Person for fees and expenses of counsel as contemplated by
this paragraph, the Indemnifying Person shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more than 45 days after

 
receipt by the Indemnifying Person of such request and (ii) the Indemnifying Person shall not have reimbursed the Indemnified Person in accordance with such request prior to the date of such
settlement. No Indemnifying Person shall, without the written consent of the Indemnified Person, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Person is or could have been a party and
indemnification could have been sought hereunder by such Indemnified Person, unless such settlement (A) includes an unconditional release of such Indemnified Person, in form and substance reasonably satisfactory to such Indemnified Person, from
all liability on claims that are the subject matter of such proceeding and (B) does not include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of any Indemnified Person. 

(d) If the indemnification provided for in paragraphs (a) and (b) above is unavailable to an Indemnified Person or insufficient
in respect of any losses, claims, damages or liabilities referred to therein, then each Indemnifying Person under such paragraph, in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the amount paid or payable by such
Indemnified Person as a result of such losses, claims, damages or liabilities (i) in such proportion as is appropriate to reflect the relative benefits received by the Company and the Guarantors from the offering of the Securities and the
Exchange Securities, on the one hand, and by the Holders from receiving Securities or Exchange Securities registered under the Securities Act, on the other hand, or (ii) if the allocation provided by 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) but also the relative fault of the Company and the Guarantors on the one hand and the Holders on the other in connection
with the statements or omissions that resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault of the Company and the Guarantors on the one hand and the Holders on the other
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
or by the Holders and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

(e) The Company, the Guarantors and the Holders agree that it would not be just and equitable if contribution pursuant to this
Section 5 were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in
paragraph (d) above. The amount paid or payable by an Indemnified Person as a result of the losses, claims, damages and liabilities referred to in paragraph (d) above shall be deemed to include, subject to the limitations set forth above,
any legal or other expenses reasonably incurred by such Indemnified Person in connection with any such action or claim. Notwithstanding the provisions of this Section 5, in no event shall a Holder be required to contribute any amount in excess
of the amount by which the total price at which the Securities or Exchange Securities sold by such Holder exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or
omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent
misrepresentation. 

 (f) The remedies provided for in this Section 5 are not exclusive and shall not limit
any rights or remedies that may otherwise be available to any Indemnified Person at law or in equity. 
 (g) The indemnity and
contribution provisions contained in this Section 5 shall remain operative and in full force and effect regardless of (i) any termination of this Agreement, (ii) any investigation made by or on behalf of the Initial Purchasers or any
Holder or any Person controlling any Initial Purchaser or any Holder, or by or on behalf of the Company or the Guarantors or the officers or directors of or any Person controlling the Company or the Guarantors, (iii) acceptance of any of the
Exchange Securities and (iv) any sale of Registrable Securities pursuant to a Shelf Registration Statement. 
 20.
General. 
 No Inconsistent Agreements. The Company and the Guarantors represent, warrant and agree that
(i) the rights granted to the Holders hereunder do not in any way conflict with and are not inconsistent with the rights granted to the holders of any other outstanding securities issued or guaranteed by the Company or any Guarantor under any
other agreement and (ii) neither the Company nor any Guarantor has entered into, or on or after the date of this Agreement will enter into, any agreement that is inconsistent with the rights granted to the Holders of Registrable Securities in
this Agreement or otherwise conflicts with the provisions hereof. 
 Amendments and Waivers. The provisions of this
Agreement, including the provisions of this sentence, may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given unless the Company and the Guarantors have obtained the written
consent of Holders of at least a majority in aggregate principal amount of the outstanding Registrable Securities affected by such amendment, modification, supplement, waiver or consent; provided that no amendment, modification, supplement,
waiver or consent to any departure from the provisions of Section 5 hereof shall be effective as against any Holder of Registrable Securities unless consented to in writing by such Holder. Any amendments, modifications, supplements, waivers or
consents pursuant to this Section 6(b) shall be by a writing executed by each of the parties hereto. 
 Notices. All
notices and other communications provided for or permitted hereunder shall be made in writing by hand-delivery, registered first-class mail, telex, telecopier, or any courier guaranteeing overnight delivery (i) if to a Holder, at the most
current address given by such Holder to the Company by means of a notice given in accordance with the provisions of this Section 6(c), which address initially is, with respect to the Initial Purchasers, the address set forth in the Purchase
Agreement; (ii) if to the Company or any Guarantor, initially at the Company’s address set forth in the Purchase Agreement and thereafter at such other address, notice of which is given in accordance with the provisions of this
Section 6(c); and to such other persons at their respective addresses as provided in the Purchase Agreement and thereafter at such other address, notice of which is given in accordance with the provisions of this Section 6(c). All such
notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when answered back, if telexed; when
receipt is acknowledged, if telecopied; and on the next Business Day if timely delivered to an air courier guaranteeing overnight delivery. Copies of all such notices, demands or other communications shall be concurrently delivered by the Person
giving the same to the Trustee, at the address specified in the Indenture. 

 Successors and Assigns. This Agreement shall inure to the benefit of and be binding
upon the successors, assigns and transferees of each of the parties, including, without limitation and without the need for an express assignment, subsequent Holders; provided that nothing herein shall be deemed to permit any assignment,
transfer or other disposition of Registrable Securities in violation of the terms of the Indenture and the Purchase Agreement. If any transferee of any Holder shall acquire Registrable Securities in any manner, whether by operation of law or
otherwise, such Registrable Securities shall be held subject to all the terms of this Agreement, and by taking and holding such Registrable Securities such Person shall be conclusively deemed to have agreed to be bound by and to perform all of the
terms and provisions of this Agreement and such Person shall be entitled to receive the benefits hereof. The Initial Purchasers (in their capacity as Initial Purchasers) shall have no liability or obligation to the Company or the Guarantors with
respect to any failure by a Holder to comply with, or any breach by any Holder of, any of the obligations of such Holder under this Agreement. 

Third Party Beneficiaries. Each Holder shall be a third party beneficiary to the agreements made hereunder between the Company and
the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, and shall have the right to enforce such agreements directly to the extent it deems such enforcement necessary or advisable to protect its rights or the rights of other
Holders hereunder. 
 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. 

Headings. The headings in this Agreement are for convenience of reference only, are not a part of this Agreement and shall not
limit or otherwise affect the meaning hereof. 
 Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York. 
 Miscellaneous. This Agreement contains the entire agreement between
the parties relating to the subject matter hereof and supersedes all oral statements and prior writings with respect thereto. If any term, provision, covenant or restriction contained in this Agreement is held by a court of competent jurisdiction to
be invalid, void or unenforceable or against public policy, the remainder of the terms, provisions, covenants and restrictions contained herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated. The
Company, the Guarantors and the Initial Purchasers shall endeavor in good faith negotiations to replace the invalid, void or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the
invalid, void or unenforceable provisions. 

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

			
	 CHAPARRAL ENERGY, INC.

		
	By:	 	  

		 	Name:
		 	Title:
	
	 CHAPARRAL ENERGY, L.L.C.

		
	By:	 	  

		 	Name:
		 	Title:
	
	NORAM PETROLEUM, L.L.C.
		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	CHAPARRAL RESOURCES, L.L.C.
		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	CHAPARRAL
CO2, L.L.C.
		
	 By:
	 	  

		 	 Name:

		 	 Title:

  

  

			
	 CHAPARRAL REAL ESTATE, L.L.C.

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	CEI ACQUISITION, L.L.C.
		
	By:	 	  

		 	 Name:

		 	 Title:

	
	CEI PIPELINE, L.L.C.
		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	GREEN COUNTRY SUPPLY, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	CHAPARRAL EXPLORATION, L.L.C.
		
	By:	 	  

		 	Name:
		 	Title:

  

  

			
	 ROADRUNNER DRILLING, L.L.C.

		
	By:	 	  

		 	 Name:

		 	 Title:

 Confirmed and accepted 

as of the date first above written: 
 J.P.
MORGAN SECURITIES LLC 
 On behalf of itself and 

on behalf of the several Initial Purchasers listed 

in Schedule A hereto. 
 J.P. Morgan Securities
LLC 
  

			
	By	 	  

		 	Authorized Signatory

 Schedule I 

Guarantors 
  

			
	 Name of Subsidiary
	  	 Jurisdiction of Incorporation or Organization

		
	Chaparral Energy, L.L.C.	  	Oklahoma
		
	NorAm Petroleum, L.L.C.	  	Oklahoma
		
	Chaparral Resources, L.L.C.	  	Oklahoma
		
	Chaparral
CO2, L.L.C.	  	Oklahoma
		
	Chaparral Real Estate, L.L.C.	  	Oklahoma
		
	CEI Acquisition, L.L.C.	  	Delaware
		
	Green Country Supply, Inc.	  	Oklahoma
		
	CEI Pipeline, L.L.C.	  	Texas
		
	Chaparral Exploration, L.L.C.	  	Delaware
		
	Roadrunner Drilling, L.L.C.	  	Oklahoma

  

 Schedule A 

J.P. Morgan Securities LLC 
 Credit Suisse
Securities (USA) LLC 
 RBC Capital Markets Corporation 

UBS Securities LLC 
 Capital One Southcoast, Inc.

 Comerica Securities, Inc. 
 Credit
Agricole Securities (USA) Inc. 
 Mitsubishi UFJ Securities (USA), Inc. 

Natixis Bleichroeder LLC 
 Scotia Capital (USA)
Inc. 
 SG Americas Securities, LLC 

U.S. Bancorp Investments, Inc. 
 Wells Fargo
Securities, LLC 
 Lloyds TSB Bank plc

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