Document:

EX-4.1

 Exhibit 4.1 

APPLIED MATERIALS, INC. 
 as Issuer

 AND 
 U.S. Bank National
Association, 
 as Trustee 

SECOND SUPPLEMENTAL INDENTURE 

Dated as of September 24, 2015 

$600,000,000 of 2.625% Senior Notes due 2020, 

$700,000,000 of 3.900% Senior Notes due 2025, 

and 
 $500,000,000 of 5.100%
Senior Notes due 2035 

 THIS SECOND SUPPLEMENTAL INDENTURE (the “Second Supplemental Indenture”) is
dated as of September 24, 2015 between APPLIED MATERIALS, INC., a Delaware corporation (the “Company”), and U.S. Bank National Association, a national banking association (the “Trustee”). 

RECITALS 
 A. The Company and the
Trustee executed and delivered an Indenture, dated as of June 8, 2011, (the “Base Indenture” and, as supplemented by the Second Supplemental Indenture, the “Indenture”), to provide for the issuance by the
Company from time to time of unsubordinated debt securities evidencing its unsecured indebtedness. 
 B. Pursuant to a Board Resolution, the
Company has authorized the issuance of $600,000,000 principal amount of 2.625% Senior Notes due 2020 (the “2020 Notes”), $700,000,000 principal amount of 3.900% Senior Notes due 2025 (the “2025 Notes”) and
$500,000,000 principal amount of 5.100% Senior Notes due 2035 (the “2035 Notes” and, together with the 2020 Notes and 2025 Notes, the “Notes”). 

C. The entry into this Second Supplemental Indenture by the parties hereto is in all respects authorized by the provisions of the Base
Indenture. 
 D. The Company desires to enter into this Second Supplemental Indenture pursuant to Section 9.01 of the Base Indenture to
establish the terms of the Notes in accordance with Section 2.01 of the Base Indenture and to establish the form of the Notes in accordance with Sections 2.01(a)(10) and 2.02 of the Base Indenture. 

E. All things necessary to make this Second Supplemental Indenture a valid and legally binding agreement according to its terms have been
done. 
 NOW, THEREFORE, for and in consideration of the foregoing premises, the Company and the Trustee mutually covenant and agree for the
equal and proportionate benefit of the respective holders from time to time of the Notes as follows: 
 ARTICLE I 

Section 1.1 Terms of the Notes. 
 The
following terms relate to the Notes: 
 (1) The 2020 Notes shall constitute a series of Notes having the title “2.625% Senior Notes due
2020”, the 2025 Notes shall constitute a separate series of Notes having the title “3.900% Senior Notes due 2025” and the 2035 Notes shall constitute a separate series of Notes having the title “5.100% Senior Notes due
2035”. 
 (2) The aggregate principal amount of the 2020 Notes (the “Initial 2020 Notes”), the 2025 Notes (the
“Initial 2025 Notes”) and the 2035 Notes (the “Initial 2035 Notes” and, together with the Initial 2020 Notes and the Initial 2025 Notes, the “Initial Notes”) that may be initially authenticated and
delivered under the Indenture shall be $600,000,000, $700,000,000 and $500,000,000, respectively. The Company may from time to time, without the consent of the Holders of Notes, issue additional 2020 Notes (in any such case “Additional 2020
Notes”), additional 2025 Notes (in any such case “Additional 2025 Notes”) or additional 2035 Notes (in any such case, “Additional 2035 Notes”) having the same ranking and the same interest rate, maturity
and other terms as the Initial 2020 Notes, Initial 2025 Notes or the Initial 2035 Notes, as the case may be. Any Additional 2020 Notes and the Initial 2020 Notes, any Additional 2025 Notes and the Initial 2025 Notes and any Additional 2035 Notes and
the Initial 2035 Notes, as the case may be, shall each constitute a single series under the Indenture and all references to the 2020 Notes shall include the Initial 2020 Notes and any Additional 2020 Notes, all references to the 2025 Notes shall
include the Initial 2025 Notes and any Additional 2025 Notes and all references to the 2035 Notes shall include the Initial 2035 Notes and any Additional 2035 Notes, unless the context otherwise requires; provided that if such Additional 2020 Notes,
Additional 2025 Notes or Additional 2035 Notes are not fungible with the Initial 

  
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2020 Notes, Initial 2025 Notes or Initial 2035 Notes, respectively, for U.S. federal income tax purposes, the applicable Additional Notes will have a separate CUSIP number. The aggregate
principal amount of each of the Additional 2020 Notes, Additional 2025 Notes and Additional 2035 Notes shall be unlimited. 
 (3) The entire
Outstanding principal of the 2020 Notes, 2025 Notes and 2035 Notes shall be payable on October 1, 2020, on October 1, 2025 and on October 1, 2035, respectively. 

(4) The rate at which the Notes shall bear interest shall be 2.625% per year for the 2020 Notes, 3.900% per year for the 2025 Notes
and 5.100% per year for the 2035 Notes. The date from which interest shall accrue on the Notes shall be the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from
September 24, 2015. The Interest Payment Dates for the Notes shall be April 1 and October 1 of each year, beginning April 1, 2016. Interest shall be payable on each Interest Payment Date to the holders of record at the close of
business on the March 15 and September 15 prior to each Interest Payment Date (a “regular record date”). The basis upon which interest shall be calculated shall be that of a 360-day year consisting of twelve 30-day months.

 (5) The Notes shall be issuable in whole in the form of one or more registered Global Securities, and the Depository for such Global
Securities shall be The Depository Trust Company, New York, New York. The Notes shall be substantially in the form attached hereto as Exhibit A (2020 Notes), Exhibit B (2025 Notes) and Exhibit C (2035 Notes) the terms of which are herein
incorporated by reference. The Notes shall be issuable in denominations of $2,000 or any integral multiple of $1,000 in excess thereof. 

(6) The Notes may be redeemed at the option of the Company prior to the maturity date, as provided in Section 1.3 hereof. 

(7) The Notes will not have the benefit of any sinking fund. 

(8) Except as provided herein, the holders of the Notes shall have no special rights in addition to those provided in the Base Indenture upon
the occurrence of any particular events. 
 (9) The Notes will be general unsecured and unsubordinated obligations of the Company and will be
ranked equally among themselves. 
 (10) The Notes are not convertible into shares of common stock or other securities of the Company. 

(11) The restrictive covenant set forth in Section 1.4 hereof shall be applicable to the Notes. 

Section 1.2 Additional Defined Terms. 

As used herein, the following defined terms shall have the following meanings with respect to the Notes only: 

“Below Investment Grade Rating Event” means the Notes are downgraded below Investment Grade Rating by both Rating Agencies on
any date during the period (the “Trigger Period”) commencing 60 days prior to the first public announcement by the Company of the occurrence of a Change of Control (or pending Change of Control) and ending 60 days following
consummation of such Change of Control (which Trigger Period shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade by either of such Rating Agencies on such 60th day, such extension to
last with respect to each such Rating Agency until the date on which such Rating Agency considering such possible downgrade either (x) rates the Notes below Investment Grade or (y) publicly announces that it is no longer considering the
Notes for possible downgrade, provided that no such extension will occur if on such 60th day the Notes are rated Investment Grade by at least one of such Rating Agencies in question and are not subject to review for possible downgrade by such Rating
Agency). 

  
 3 

 “Change of Control” means the occurrence of any of the following:
(1) direct or indirect sale, 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 properties or assets of the Company and its
subsidiaries taken as a whole to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than the Company or one of its direct or indirect wholly-owned subsidiaries; (2) the consummation of any
transaction (including, without limitation, any merger or consolidation) as a result of which any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) becomes the “beneficial owner” (as defined in Rules
13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the Company’s outstanding Voting Stock or other Voting Stock into which the Company’s Voting Stock is reclassified, consolidated, exchanged or changed,
measured by voting power rather than number of shares; (3) the Company consolidates with, or merges with or into, any “person” or “group” (as that term is used in Section 13(d)(3) of the Exchange Act), or any
“person” or “group” consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction in which any of the Company’s Voting Stock or the Voting Stock of such other person is converted into or
exchanged for cash, securities or other property, other than any such transaction where the shares of the Company’s Voting Stock outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of
the Voting Stock of the surviving person or any direct or indirect parent company of the surviving person immediately after giving effect to such transaction; (4) the first day on which a majority of the members of the Company’s board of
directors are not Continuing Directors; or (5) the adoption of a plan by the board of directors of the Company or its stockholders relating to the Company’s liquidation or dissolution. Notwithstanding the foregoing, a transaction will not
be deemed to involve a Change of Control if (a) the Company becomes a direct or indirect wholly owned subsidiary of a holding company (which shall include a parent company) and (b)(i) the holders of the Voting Stock of such holding company
immediately following that transaction are substantially the same as the holders of our Voting Stock immediately prior to that transaction or (ii) no “person” (as that term is used in Section 13(d)(3) of the Exchange Act) (other
than a holding company satisfying the requirements of this sentence) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the voting power of the Voting
Stock of such holding company immediately following such transaction. 
 “Change of Control Triggering Event” means the
occurrence of both a Change of Control and a Below Investment Grade Rating Event. 
 “Comparable Treasury Issue” means the
United States Treasury security selected by the Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in
accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes to be redeemed. 

“Comparable Treasury Price” means, with respect to any redemption date, (a) the average of the Reference Treasury Dealer
Quotations for such redemption date, after excluding the highest and lowest of the Reference Treasury Dealer Quotations, (b) if the Company obtains fewer than four Reference Treasury Dealer Quotations, the arithmetic average of those quotations
or (c) if the Company obtains only one Reference Treasury Dealer Quotation, such Reference Treasury Dealer Quotation. 

“Continuing Directors” means, as of any date of determination, any member of the Board of Directors of the Company who
(1) was a member of the Board of Directors of the Company on the date of the issuance of the Notes; or (2) was nominated for election or elected to the Board of Directors of the Company with the approval of a majority of the Continuing
Directors who were members of such Board of Directors of the Company at the time of such nomination or election (either by specific vote or by approval of the Company’s proxy statement in which such member was named as a nominee for election as
a director, without objection to such nomination). 
 “Independent Investment Banker” means the Reference Treasury Dealer
appointed by the Company as Independent Investment Banker. 
 “Investment Grade Rating” means a rating by Moody’s
equal to or higher than Baa3 (or the equivalent under a successor rating category of Moody’s) or a rating by S&P equal to or higher than BBB- (or the equivalent under any successor rating category of S&P). 

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

“Optional Redemption Date” when used with respect to any Note to be redeemed at the Company’s option, means the date
fixed for such redemption by or pursuant to Section 1.3 of this Second Supplemental Indenture. 
 “Optional Redemption
Price” when used with respect to any Note to be redeemed at the Company’s option, means the price at which it is to be redeemed pursuant to Section 1.3 of this Second Supplemental Indenture. 

“Rating Agencies” means (1) Moody’s and S&P; and (2) if any of Moody’s or S&P ceases to rate the
Notes or fails to make a rating of the Notes publicly available for any reason, a “nationally recognized statistical rating organization” as such term is defined under Section 3(a)(62) under the Exchange Act, selected by the Company
(as certified by a resolution of the Board of Directors) as a replacement agency for either of Moody’s or S&P, or both of them, as the case may be. 

“Reference Treasury Dealer” means each of (i) J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and a primary
U.S. Government securities dealer designated by Mitsubishi UFJ Securities (USA), Inc. and their respective successors and (ii) one other nationally recognized investment banking firm (or its affiliate) that the Company selects in connection
with the particular redemption, and its successor, provided that if at any time any of the above, or any of their designees, is not a primary U.S. Government securities dealer, the Company will substitute that entity with another nationally
recognized investment banking firm that the Company selects that is a primary U.S. Government securities dealer. 
 “Reference
Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the arithmetic average of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its
principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 3:30 p.m., New York City time, on the third business day preceding such redemption date. 

“Remaining Scheduled Payments” means, with respect to each Note to be redeemed, the remaining scheduled payments of the
principal thereof and interest thereon that would be due after the related redemption date for such redemption; provided, however, that, if such redemption date is not an interest payment date with respect to such Note, the amount of the next
succeeding scheduled interest payment thereon will be reduced by the amount of interest accrued thereon to such redemption date. 

“S&P” means Standard & Poor’s Ratings Services, a subsidiary of The McGraw-Hill Companies, Inc., and
any successor to its rating agency business. 
 “Treasury Rate” means, for any redemption date, the rate per annum equal to
the semi-annual equivalent yield to maturity or interpolated yield to maturity, computed as of the third business day immediately preceding that redemption date, of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue
(expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that redemption date. 
 Section 1.3 Optional
Redemption. 
 (a) The provisions of Article Three of the Base Indenture, as amended by the provisions of this Second Supplemental
Indenture, shall apply to the Notes with respect to this Section 1.3. 
 (b) The Notes shall be redeemable, in each case, in whole at
any time or in part from time to time, at the Company’s option at the applicable Optional Redemption Price, equal to: 
 (i) with
respect to the 2020 Notes, at any time prior to September 1, 2020 (one month prior to the maturity of the 2020 Notes), the greater of (x) 100% of the principal amount of such 2020 Notes and (y) the sum of the present values of the
Remaining Scheduled Payments of the 2020 Notes to be redeemed, discounted to the Optional Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) using a discount rate equal to the Treasury Rate (as
defined below) 

  
 5 

 
plus 20 basis points, provided that, if the 2020 Notes are redeemed on or after September 1, 2020 (one month prior to the maturity of the 2020 Notes) the Optional Redemption Price will equal
100% of the principal amount of such 2020 Notes; 
 (ii) with respect to the 2025 Notes, at any time prior to July 1, 2025 (three
months prior to the maturity of the 2025 Notes), the greater of (x) 100% of the principal amount of such 2025 Notes and (y) the sum of the present values of the Remaining Scheduled Payments of the 2025 Notes to be redeemed, discounted to
the Optional Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) using a discount rate equal to the Treasury Rate plus 30 basis points, provided that, if the 2025 Notes are redeemed on or after
July 1, 2025 (three months prior to the maturity of the 2025 Notes) the Optional Redemption Price will equal 100% of the principal amount of such 2025 Notes; and 

(iii) with respect to the 2035 Notes, at any time prior to April 1, 2035 (six months prior to the maturity of the 2035 Notes), the
greater of (x) 100% of the principal amount of such 2035 Notes and (y) the sum of the present values of the Remaining Scheduled Payments of the 2035 Notes to be redeemed, discounted to the Optional Redemption Date on a semi-annual basis
(assuming a 360-day year consisting of twelve 30-day months) using a discount rate equal to the Treasury Rate plus 35 basis points, provided that, if the 2035 Notes are redeemed on or after April 1, 2035 (six months prior to the maturity of the
2035 Notes) the Optional Redemption Price will equal 100% of the principal amount of such 2035 Notes; 
 plus, in addition to such Optional Redemption
Price, in each case, accrued and unpaid interest thereon to, but excluding, the Optional Redemption Date. Notwithstanding the foregoing, installments of interest whose Stated Maturity is on or prior to the Optional Redemption Date shall be payable
on the applicable Interest Payment Date to the Securityholders of such Notes registered as such at the close of business on the applicable record date pursuant to the Notes and the Indenture. 

(c) On and after the Optional Redemption Date for the Notes, interest shall cease to accrue on the Notes or any portion thereof called for
redemption, unless the Company defaults in the payment of the Optional Redemption Price and accrued interest, if any. On or before 12:00 p.m., New York City time, on the Optional Redemption Date for the Notes, the Company shall deposit with the
Trustee or a paying agent, funds sufficient to pay the Optional Redemption Price of the Notes to be redeemed on the Optional Redemption Date, and (except if the date fixed for redemption shall be an Interest Payment Date) accrued interest, if any.
If less than all of the Notes are to be redeemed, the Notes shall be redeemed in accordance with Section 3.02 of the Base Indenture. 

(d) Notice of any optional redemption shall be mailed at least 30 days but not more than 60 days before the Optional Redemption Date to each
holder of the Notes to be redeemed; provided, however, that the Company shall notify the Trustee of the Optional Redemption Date at least 15 days prior to the date of the giving of such notice (unless a shorter notice shall be satisfactory to the
Trustee). Such notice shall be provided in accordance with Section 3.02 of the Base Indenture. If the Optional Redemption Price cannot be determined at the time such notice is to be given, the actual Optional Redemption Price, calculated as
described above in clause (b), shall be set forth in an Officers’ Certificate of the Company delivered to the Trustee no later than two (2) Business Days prior to the Optional Redemption Date. Notice of redemption having been given as
provided in the Indenture, the Notes called for redemption shall, on the Optional Redemption Date, become due and payable at the Optional Redemption Price, and accrued and unpaid interest, if any, to, but excluding, the Optional Redemption Date.

 Section 1.4 Additional Covenant. 

The following additional covenant shall apply with respect to the Notes so long as any of the Notes remain Outstanding: 

(1) Change of Control Triggering Event. 

(a) If a Change of Control Triggering Event occurs with respect to the Notes, unless the Company shall have exercised its option to redeem the
Notes in full, as set forth in Section 1.3 of this Second Supplemental Indenture or the Company shall have defeased the Notes or have satisfied and discharged the Notes, as set forth in Article XI of the Base Indenture, the Company shall make
an offer (the 

  
 6 

 
“Change of Control Offer”) to each holder of the Notes to repurchase any and all of such holder’s Notes at a repurchase price in cash equal to 101% of the aggregate
principal amount of Notes to be repurchased (such principal amount to be equal to $2,000 or an integral multiple of $1,000 in excess of $2,000), plus accrued and unpaid interest, if any, on the Notes to be repurchased up to, but excluding, the date
of repurchase (the “Change of Control Payment”). Within 30 days following any Change of Control Triggering Event, the Company shall mail notice to the Trustee and Holders of the Notes describing the transaction or transactions that
constitute the Change of Control Triggering Event and offering to repurchase the Notes on the date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed (the “Change
of Control Payment Date”). Notwithstanding the foregoing, installments of interest whose Stated Maturity is on or prior to the Change of Control Payment Date shall be payable on the applicable Interest Payment Date to the Securityholders of
such Notes registered as such at the close of business on the applicable record date pursuant to the Notes and the Indenture. 
 (b) On the
Change of Control Payment Date, the Company shall, to the extent lawful: 
 (i) accept for payment all Notes or portions of Notes properly
tendered pursuant to the Change of Control Offer; 
 (ii) deposit with the Trustee or a paying agent an amount equal to the Change of
Control Payment in respect of all Notes or portions of Notes properly tendered; and 
 (iii) deliver or cause to be delivered to the Trustee
the Notes properly accepted, together with an Officers’ Certificate stating (1) the aggregate principal amount of Notes or portions of Notes being repurchased, (2) that all conditions precedent contained herein to make a Change of
Control Offer have been complied with and (3) that the Change of Control Offer has been made in compliance with the Indenture. 
 The
Company shall publicly announce the results of the Change of Control Offer on or as soon as possible after the date of purchase. 
 (c) The
Company shall comply in all material respects 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
repurchase of the Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of any such securities laws or regulations conflict with the Change of Control Offer provisions of this Section 1.4, the Company
shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under this Section 1.4 by virtue of any such conflict. 

Section 1.5 Events of Default. 
 (a)
With respect to the Notes, “Event of Default” means any one or more of the following events that has occurred and is continuing: 

(1) default in the payment of the principal or any premium on any Note of that series when due (whether at maturity, upon acceleration,
redemption or otherwise); 
 (2) default for 30 days in the payment of interest on any Note of such series when due; 

(3) failure by the Company to comply with Section 1.4 of this Second Supplemental Indenture; 

(4) failure by the Company to observe or perform any term of the Indenture (other than those referred to in (1), (2) or (3) above
and other than a covenant or agreement included in this Second Supplemental Indenture not for the benefit of such series) for a period of 90 days after the Company receives a notice of default stating that the Company is in breach. The notice must
be sent by either the Trustee or Holders of 25% of the principal amount of the Notes of the affected series; 

  
 7 

 (5) the entry by a court having competent jurisdiction of: 

(A) an order for relief in respect of the Company as debtor in an involuntary proceeding under any applicable Bankruptcy Law and such order
shall remain unstayed and in effect for a period of 60 consecutive days; or 
 (B) a final and non-appealable order appointing a Custodian
of the Company, or ordering the winding up or liquidation of the affairs of the Company, and such order shall remain unstayed and in effect for a period of 60 consecutive days; or 

(6) the commencement by the Company of a voluntary proceeding under any applicable Bankruptcy Law or the consent by the Company as debtor to
the entry of a decree or order for relief in an involuntary proceeding under any applicable Bankruptcy Law, or the filing by the Company as debtor of a consent to an order for relief in any involuntary proceeding under any Bankruptcy Law, or to the
appointment of a Custodian or the making by the Company of an assignment for the benefit of creditors. 
 ARTICLE II 

MISCELLANEOUS 
 Section 2.1
Definitions. 
 Capitalized terms used but not defined in this Second Supplemental Indenture shall have the meanings ascribed thereto
in the Base Indenture. 
 Section 2.2 Confirmation of Indenture. 

The Base Indenture, as supplemented and amended by this Second Supplemental Indenture, is in all respects ratified and confirmed, and the Base
Indenture, this Second Supplemental Indenture and all indentures supplemental thereto shall be read, taken and construed as one and the same instrument. 

Section 2.3 Concerning the Trustee. 

In carrying out the Trustee’s responsibilities hereunder, the Trustee shall have all of the rights, protections and immunities which it
possesses under the Indenture. The recitals contained herein and in the Notes, except the Trustee’s certificate of authentication, shall be taken as the statements of the Company, and the Trustee assumes no responsibility for their correctness.
The Trustee makes no representations as to the validity or sufficiency of this Second Supplemental Indenture or of the Notes. The Trustee shall not be accountable for the use or application by the Company of the Notes or the proceeds thereof. 

Section 2.4 Governing Law. 
 This
Second Supplemental Indenture and the Notes shall be deemed to be a contract made under the internal laws of the State of New York, and for all purposes shall be construed in accordance with the laws of said State. 

Section 2.5 Separability. 
 In case
any provision in this Second Supplemental Indenture shall for any reason be held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 Section 2.6 Counterparts. 
 This
Second Supplemental Indenture may be executed in any number of counterparts each of which shall be an original, but such counterparts shall together constitute but one and the same instrument. 

Section 2.7 No Benefit. 
 Nothing in
this Second Supplemental Indenture, express or implied, shall give to any Person other than the parties hereto and their successors or assigns, and the holders of the Notes, any benefit or legal or equitable rights, remedy or claim under this Second
Supplemental Indenture or the Base Indenture. 

  
 8 

 IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly
executed all as of the day and year first above written. 
  

					
	APPLIED MATERIALS, INC.
		
	 By:
	 	/s/ Robert M. Friess
		 	Name:	 	Robert M. Friess
		 	Title:	 	Vice President and Treasurer

  
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	 U.S. BANK NATIONAL ASSOCIATION,

as Trustee

		
	 By:
	 	/s/ Andrew Fung
		 	Name:	 	Andrew Fung
		 	Title:	 	Vice President

 [ Signature Page to Second Supplemental Indenture] 

  
 10 

 EXHIBIT A 

FORM OF 2.625% SENIOR NOTES DUE 2020 

[Insert the Global Security legend, if applicable] 

2.625% SENIOR NOTES DUE 2020 
  

					
	 No. [    ]
	  	$	[        ]	  
	 CUSIP No. 038222AH8
	  			

 APPLIED MATERIALS, INC. 

promises to pay to [            ] or registered assigns, the principal sum of
[            ] Dollars on October 1, 2020. 
 Interest Payment Dates: April 1 and
October 1 
 Record Dates: March 15 and September 15 

Each holder of this Security (as defined below), by accepting the same, agrees to and shall be bound by the provisions hereof and of the
Indenture described herein, and authorizes and directs the Trustee described herein on such holder’s behalf to be bound by such provisions. Each holder of this Security hereby waives all notice of the acceptance of the provisions contained
herein and in the Indenture and waives reliance by such holder upon said provisions. 
 This Security shall not be entitled to any benefit
under the Indenture, or be valid or become obligatory for any purpose, until the Certificate of Authentication hereon shall have been signed by or on behalf of the Trustee. The provisions of this Security are continued on the reverse side hereof,
and such continued provisions shall for all purposes have the same effect as though fully set forth at this place. 

  
 A-1 

 IN WITNESS WHEREOF, the Company has caused this instrument to be signed in accordance with
Section 2.04 of the Base Indenture. 
 Date: 
  

			
	APPLIED MATERIALS, INC.
	
	 
	 Name:
	 	
	 Title:
	 	
	
	 
	 Name:
	 	
	 Title:
	 	

  
 A-2 

 CERTIFICATE OF AUTHENTICATION 

This is one of the 2.625% Senior Notes due 2020 issued by Applied Materials, Inc. of the series designated therein referred to in the
within-mentioned Indenture. 
 Date: 
  

			
	 U.S. BANK NATIONAL ASSOCIATION,
 as
Trustee

		
	 By:
	 	 
		 	Authorized Signatory

  
 A-3 

 Applied Materials, Inc. 

2.625% Senior Notes due 2020 
 This
security is one of a duly authorized series of debt securities of Applied Materials, Inc., a Delaware corporation (the “Company”), issued or to be issued in one or more series under and pursuant to an Indenture for the Company’s
unsubordinated debt securities, dated as of June 8, 2011 (the “Base Indenture”), duly executed and delivered by and among the Company and U.S. Bank National Association (the “Trustee”), as supplemented by the Second
Supplemental Indenture, dated as of September 24, 2015 (the “Second Supplemental Indenture”), by and between the Company and the Trustee. The Base Indenture as supplemented and amended by the Second Supplemental Indenture is referred
to herein as the “Indenture.” By the terms of the Base Indenture, the debt securities issuable thereunder are issuable in series that may vary as to amount, date of maturity, rate of interest and in other respects as provided in the Base
Indenture. This security is one of the series designated on the face hereof (individually, a “Security,” and collectively, the “Securities”), and reference is hereby made to the Indenture for a description of the rights,
limitations of rights, obligations, duties and immunities of the Trustee, the Company and the holders of the Securities (the “Securityholders”). Capitalized terms used herein and not otherwise defined shall have the meanings given them in
the Base Indenture or the Second Supplemental Indenture, as applicable. 
 1. Interest. The Company promises to pay interest on the
principal amount of this Security at an annual rate of 2.625%. The Company will pay interest semi-annually on April 1 and October 1 of each year (each such day, an “Interest Payment Date”). If any Interest Payment Date,
redemption date or maturity date of this Security is not a Business Day, then payment of interest or principal (and premium, if any) shall be made on the next succeeding Business Day with the same force and effect as if made on the date such payment
was due, and no interest shall accrue for the period after such date to the date of such payment on the next succeeding Business Day. Interest on the Securities will accrue from the most recent date to which interest has been paid or duly provided
for or, if no interest has been paid, from the date of issuance; provided that, if there is no existing Default in the payment of interest, and if this Security is authenticated between a regular record date referred to on the face hereof and the
next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date; and provided, further, that the first Interest Payment Date shall be April 1, 2016. Interest will be calculated on the basis of a
360-day year of twelve 30-day months. 
 2. Method of Payment. The Company will pay interest on the Securities (except defaulted
interest), if any, to the persons in whose name such Securities are registered at the close of business on the regular record date referred to on the facing page of this Security for such interest installment. In the event that the Securities or a
portion thereof are called for redemption or there is a Change of Control Offer, and the Optional Redemption Date or the Change of Control Payment Date, as applicable, is subsequent to a regular record date with respect to any Interest Payment Date
and prior to such Interest Payment Date, interest on such Securities will instead be paid upon presentation and surrender of such Securities as provided in the Indenture. 

The principal of and the interest on the Securities shall be payable in the coin or currency of the United States of America that at the time is legal tender
for public and private debt, at the office or agency of the Company maintained for that purpose in accordance with the Indenture. 
 3.
Paying Agent and Registrar. Initially, U.S. Bank National Association, the Trustee, will act as paying agent and Security Registrar. The Company may change or appoint any paying agent or Security Registrar without notice to any
Securityholder. The Company or any of their Subsidiaries may act in any such capacity. 
 4. Indenture. The terms of the Securities
include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (“TIA”) as in effect on the date the Indenture is qualified. The Securities are subject to all such terms, and
Securityholders are referred to the Indenture and TIA for a statement of such terms. The Securities are unsecured general obligations of the Company and constitute the series designated on the face hereof as the “2.625% Senior Notes due
2020”, initially limited to $600,000,000 in aggregate principal amount. The Company will furnish to any Securityholder 

  
 A-4 

 
upon written request and without charge a copy of the Base Indenture and the Second Supplemental Indenture. Requests may be made to: Applied Materials, Inc., 3050 Bowers Avenue, P.O. Box 58039,
Santa Clara, California 95052-8039, Attention: Treasurer. 
 5. Redemption. The Securities may be redeemed at the option of the
Company prior to the maturity date, as provided in Section 1.3 of the Second Supplemental Indenture. 
 The Company shall not be
required to make sinking fund payments with respect to the Securities. 
 6. Change of Control Triggering Event. Upon the occurrence
of a Change of Control Triggering Event, unless the Company has exercised its right to redeem this Security or the Company has defeased this Security or satisfied and discharged this Security, the holder of this Security will have the right to
require that the Company purchase all or a portion, (such principal amount to be equal to $2,000 or any integral multiple of $1,000 in excess of $2,000), of this Security at a purchase price equal to 101% of the principal amount repurchased plus
accrued and unpaid interest, if any, on the amount to be repurchased to the date of purchase. Within 30 days following any Change of Control Triggering Event, the Company shall send, by first class mail, a notice to each Holder, in accordance with
Section 1.4(1)(a) of the Second Supplemental Indenture, with a copy to the Trustee, which notice shall govern the terms of the Change of Control Offer. 

7. Denominations, Transfer, Exchange. The Securities are in registered form without coupons in the denominations of $2,000 or any
integral multiple of $1,000 in excess thereof. The transfer of Securities may be registered and Securities may be exchanged as provided in the Indenture. The Securities may be presented for exchange or for registration of transfer (duly endorsed or
with the form of transfer endorsed thereon duly executed if so required by the Company or the Security Registrar) at the office of the Security Registrar or at the office of any transfer agent designated by the Company for such purpose. No service
charge will be made for any registration of transfer or exchange, but a Securityholder may be required to pay any applicable taxes or other governmental charges. If the Securities are to be redeemed, the Company will not be required to:
(i) issue, register the transfer of, or exchange any Security during a period beginning at the opening of business 15 days before the day of mailing of a notice of redemption of less than all of the outstanding Securities of the same series and
ending at the close of business on the day of such mailing; (ii) register the transfer of or exchange any Security of any series or portions thereof selected for redemption, in whole or in part, except the unredeemed portion of any such
Security being redeemed in part; nor (iii) register the transfer of or exchange of a Security of any series between the applicable record date and the next succeeding Interest Payment Date. 

8. Persons Deemed Owners. The registered Securityholder may be treated as its owner for all purposes. 

9. Repayment to the Company. Any funds or Governmental Obligations deposited with any paying agent or the Trustee, or then held by the
Company, in trust for payment of principal of, premium, if any, or interest on the Securities of a particular series that are not applied but remain unclaimed by the holders of such Securities for at least one year after the date upon which the
principal of, premium, if any, or interest on such Securities shall have respectively become due and payable, shall, upon request of the Company, be repaid to the Company, or (if then held by the Company) shall be discharged from such trust. After
return to the Company, Holders entitled to the money or securities must look to the Company, as applicable, for payment as unsecured general creditors. 

10. Amendments, Supplements and Waivers. The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority
in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of a majority in principal amount of the Securities of each series at the time Outstanding, on
behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of
this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such
consent or waiver is made upon this Security. 

  
 A-5 

 11. Defaults and Remedies. If an Event of Default with respect to the securities of a
series issued pursuant to the Second Supplemental Indenture occurs and is continuing, the Trustee or the holders of at least 25% in aggregate principal amount of the Securities of such series then Outstanding, by notice in writing to the Company
(and to the Trustee if notice is given by such holders), may declare the unpaid principal of, premium, if any, and accrued interest, if any, due and payable immediately. Subject to the terms of the Indenture, if an Event of Default under the
Indenture shall occur and be continuing, the Trustee will be under no obligation to exercise any of its rights or powers under the Indenture at the request or direction of any of the holders, unless such holders have offered the Trustee indemnity
satisfactory to it. Upon satisfaction of certain conditions set forth in the Indenture, the holders of a majority in principal amount of the Outstanding securities of a series issued pursuant to the Second Supplemental Indenture will 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, with respect to the securities of such series. 

12. Trustee, Paying Agent and Security Registrar May Hold Securities. The Trustee, subject to certain limitations imposed by the TIA,
or any paying agent or Security Registrar, in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not Trustee, paying agent or Security Registrar. 

13. No Recourse Against Others. No recourse under or upon any obligation, covenant or agreement of the Indenture, or of any Security,
or for any claim based thereon or otherwise in respect hereof or thereof, shall be had against any incorporator, stockholder, officer or director, past, present or future as such, of the Company or of any predecessor or successor corporation, either
directly or through the Company or any such predecessor or successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that the
Indenture and the obligations issued hereunder and thereunder are solely corporate obligations, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, stockholders, officers or directors as
such, of the Company or of any predecessor or successor corporation, or any of them, because of the creation of the indebtedness authorized by the Indenture, or under or by reason of the obligations, covenants or agreements contained in the
Indenture or in the Securities or implied therefrom; and that any and all such personal liability of every name and nature, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every
such incorporator, stockholder, officer or director as such, because of the creation of the indebtedness authorized by the Indenture, or under or by reason of the obligations, covenants or agreements contained in the Indenture or in the Securities
or implied therefrom, are hereby expressly waived and released as a condition of, and as a consideration for, the acceptance of the Securities. 

14. Discharge of Indenture. The Indenture contains certain provisions pertaining to discharge and defeasance, which provisions shall
for all purposes have the same effect as if set forth herein. 
 15. Authentication. This Security shall not be valid until the
Trustee signs the certificate of authentication attached to the other side of this Security. 
 16. Abbreviations. Customary
abbreviations may be used in the name of a Securityholder 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). 
 17. Governing Law. The Base Indenture, the Second Supplemental Indenture
and this Security shall be deemed to be a contract made under the internal laws of the State of New York, and for all purposes shall be construed in accordance with the laws of said State. 

  
 A-6 

 ASSIGNMENT FORM 

To assign this Security, fill in the form below: (I) or (we) assign and transfer this Security to 

 
  

(Insert assignee’s soc. sec. or tax I.D. no.) 
  

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
 and irrevocably appoint
                     agent to transfer this Security on the books of the Company. The agent may substitute another to act for him. 

Date:                      

 

	
	Your Signature:
	
	 
	 (Sign exactly as your name appears on the face of this Security)

 Signature Guarantee:
                                         
        

  
 A-7 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Security purchased by the Company pursuant to Section 1.4(1) of the Second Supplemental Indenture,
check the box: 
  

	 ̈	1.4(1) Change of Control Triggering Event 

 If you want to elect to have only part of this
Security purchased by the Company pursuant to Section 1.4(1) of the Second Supplemental Indenture, state the amount: $            . 

 

							
	Date:                 	 		 	Your Signature:
		 		 	(Sign exactly as your name appears on the other side of the Security)
				
		 		 		 	
		 		 	Tax I.D. number

 Signature Guarantee:
                                        

 (Signature must be 

guaranteed by a 

participant in a recognized 

signature 

guarantee medallion 

program) 

  
 A-8 

 EXHIBIT B 

FORM OF 3.900% SENIOR NOTES DUE 2025 

[Insert the Global Security legend, if applicable] 

3.900% SENIOR NOTES DUE 2025 
  

					
	 No. [    ]
	  	$	[        	] 

 CUSIP No. 038222AJ4 

APPLIED MATERIALS, INC. 
 promises to pay
to [    ] or registered assigns, the principal sum of [        ] Dollars on October 1, 2025. 

Interest Payment Dates: April 1 and October 1 
 Record
Dates: March 15 and September 15 
 Each holder of this Security (as defined below), by accepting the same, agrees to and shall be
bound by the provisions hereof and of the Indenture described herein, and authorizes and directs the Trustee described herein on such holder’s behalf to be bound by such provisions. Each holder of this Security hereby waives all notice of the
acceptance of the provisions contained herein and in the Indenture and waives reliance by such holder upon said provisions. 
 This Security
shall not be entitled to any benefit under the Indenture, or be valid or become obligatory for any purpose, until the Certificate of Authentication hereon shall have been signed by or on behalf of the Trustee. The provisions of this Security are
continued on the reverse side hereof, and such continued provisions shall for all purposes have the same effect as though fully set forth at this place. 

  
 B-1 

 IN WITNESS WHEREOF, the Company has caused this instrument to be signed in accordance with
Section 2.04 of the Base Indenture. 
 Date: 
  

			
	APPLIED MATERIALS, INC.
	
	   

	 Name:
	 	
	 Title:
	 	
	
	   

	 Name:
	 	
	 Title:
	 	

  
 B-2 

 CERTIFICATE OF AUTHENTICATION 

This is one of the 3.900% Senior Notes due 2025 issued by Applied Materials, Inc. of the series designated therein referred to in the
within-mentioned Indenture. 
 Date: 
  

			
	 U.S. BANK NATIONAL ASSOCIATION,
 as
Trustee

		
	 By:
	 	 
		 	Authorized Signatory

  
 B-3 

 Applied Materials, Inc. 

3.900% Senior Notes due 2025 
 This
security is one of a duly authorized series of debt securities of Applied Materials, Inc., a Delaware corporation (the “Company”), issued or to be issued in one or more series under and pursuant to an Indenture for the Company’s
unsubordinated debt securities, dated as of June 8, 2011 (the “Base Indenture”), duly executed and delivered by and among the Company and U.S. Bank National Association (the “Trustee”), as supplemented by the Second
Supplemental Indenture, dated as of September 24, 2015 (the “Second Supplemental Indenture”), by and between the Company and the Trustee. The Base Indenture as supplemented and amended by the Second Supplemental Indenture is referred
to herein as the “Indenture.” By the terms of the Base Indenture, the debt securities issuable thereunder are issuable in series that may vary as to amount, date of maturity, rate of interest and in other respects as provided in the Base
Indenture. This security is one of the series designated on the face hereof (individually, a “Security,” and collectively, the “Securities”), and reference is hereby made to the Indenture for a description of the rights,
limitations of rights, obligations, duties and immunities of the Trustee, the Company and the holders of the Securities (the “Securityholders”). Capitalized terms used herein and not otherwise defined shall have the meanings given them in
the Base Indenture or the Second Supplemental Indenture, as applicable. 
 1. Interest. The Company promises to pay interest on the
principal amount of this Security at an annual rate of 3.900%. The Company will pay interest semi-annually on April 1 and October 1 of each year (each such day, an “Interest Payment Date”). If any Interest Payment Date,
redemption date or maturity date of this Security is not a Business Day, then payment of interest or principal (and premium, if any) shall be made on the next succeeding Business Day with the same force and effect as if made on the date such payment
was due, and no interest shall accrue for the period after such date to the date of such payment on the next succeeding Business Day. Interest on the Securities will accrue from the most recent date to which interest has been paid or duly provided
for or, if no interest has been paid, from the date of issuance; provided that, if there is no existing Default in the payment of interest, and if this Security is authenticated between a regular record date referred to on the face hereof and the
next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date; and provided, further, that the first Interest Payment Date shall be April 1, 2016. Interest will be calculated on the basis of a
360-day year of twelve 30-day months. 
 2. Method of Payment. The Company will pay interest on the Securities (except defaulted
interest), if any, to the persons in whose name such Securities are registered at the close of business on the regular record date referred to on the facing page of this Security for such interest installment. In the event that the Securities or a
portion thereof are called for redemption or there is a Change of Control Offer, and the Optional Redemption Date or the Change of Control Payment Date, as applicable, is subsequent to a regular record date with respect to any Interest Payment Date
and prior to such Interest Payment Date, interest on such Securities will instead be paid upon presentation and surrender of such Securities as provided in the Indenture. 

The principal of and the interest on the Securities shall be payable in the coin or currency of the United States of America that at the time is legal tender
for public and private debt, at the office or agency of the Company maintained for that purpose in accordance with the Indenture. 
 3.
Paying Agent and Registrar. Initially, U.S. Bank National Association, the Trustee, will act as paying agent and Security Registrar. The Company may change or appoint any paying agent or Security Registrar without notice to any
Securityholder. The Company or any of their Subsidiaries may act in any such capacity. 
 4. Indenture. The terms of the Securities
include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (“TIA”) as in effect on the date the Indenture is qualified. The Securities are subject to all such terms, and
Securityholders are referred to the Indenture and TIA for a statement of such terms. The Securities are unsecured general obligations of the Company and constitute the series designated on the face hereof as the “3.900% Senior Notes due
2025”, initially limited to $700,000,000 in aggregate principal amount. The Company will furnish to any Securityholder 

  
 B-4 

 
upon written request and without charge a copy of the Base Indenture and the Second Supplemental Indenture. Requests may be made to: Applied Materials, Inc., 3050 Bowers Avenue, P.O. Box 58039,
Santa Clara, California 95052-8039, Attention: Treasurer. 
 5. Redemption. The Securities may be redeemed at the option of the
Company prior to the maturity date, as provided in Section 1.3 of the Second Supplemental Indenture. 
 The Company shall not be
required to make sinking fund payments with respect to the Securities. 
 6. Change of Control Triggering Event. Upon the occurrence
of a Change of Control Triggering Event, unless the Company has exercised its right to redeem this Security or the Company has defeased this Security or satisfied and discharged this Security, the holder of this Security will have the right to
require that the Company purchase all or a portion, (such principal amount to be equal to $2,000 or any integral multiple of $1,000 in excess of $2,000), of this Security at a purchase price equal to 101% of the principal amount repurchased plus
accrued and unpaid interest, if any, on the amount to be repurchased to the date of purchase. Within 30 days following any Change of Control Triggering Event, the Company shall send, by first class mail, a notice to each Holder, in accordance with
Section 1.4(1)(a) of the Second Supplemental Indenture, with a copy to the Trustee, which notice shall govern the terms of the Change of Control Offer. 

7. Denominations, Transfer, Exchange. The Securities are in registered form without coupons in the denominations of $2,000 or any
integral multiple of $1,000 in excess thereof. The transfer of Securities may be registered and Securities may be exchanged as provided in the Indenture. The Securities may be presented for exchange or for registration of transfer (duly endorsed or
with the form of transfer endorsed thereon duly executed if so required by the Company or the Security Registrar) at the office of the Security Registrar or at the office of any transfer agent designated by the Company for such purpose. No service
charge will be made for any registration of transfer or exchange, but a Securityholder may be required to pay any applicable taxes or other governmental charges. If the Securities are to be redeemed, the Company will not be required to:
(i) issue, register the transfer of, or exchange any Security during a period beginning at the opening of business 15 days before the day of mailing of a notice of redemption of less than all of the outstanding Securities of the same series and
ending at the close of business on the day of such mailing; (ii) register the transfer of or exchange any Security of any series or portions thereof selected for redemption, in whole or in part, except the unredeemed portion of any such
Security being redeemed in part; nor (iii) register the transfer of or exchange of a Security of any series between the applicable record date and the next succeeding Interest Payment Date. 

8. Persons Deemed Owners. The registered Securityholder may be treated as its owner for all purposes. 

9. Repayment to the Company. Any funds or Governmental Obligations deposited with any paying agent or the Trustee, or then held by the
Company, in trust for payment of principal of, premium, if any, or interest on the Securities of a particular series that are not applied but remain unclaimed by the holders of such Securities for at least one year after the date upon which the
principal of, premium, if any, or interest on such Securities shall have respectively become due and payable, shall, upon request of the Company, be repaid to the Company, or (if then held by the Company) shall be discharged from such trust. After
return to the Company, Holders entitled to the money or securities must look to the Company, as applicable, for payment as unsecured general creditors. 

10. Amendments, Supplements and Waivers. The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority
in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of a majority in principal amount of the Securities of each series at the time Outstanding, on
behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of
this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such
consent or waiver is made upon this Security. 

  
 B-5 

 11. Defaults and Remedies. If an Event of Default with respect to the securities of a
series issued pursuant to the Second Supplemental Indenture occurs and is continuing, the Trustee or the holders of at least 25% in aggregate principal amount of the Securities of such series then Outstanding, by notice in writing to the Company
(and to the Trustee if notice is given by such holders), may declare the unpaid principal of, premium, if any, and accrued interest, if any, due and payable immediately. Subject to the terms of the Indenture, if an Event of Default under the
Indenture shall occur and be continuing, the Trustee will be under no obligation to exercise any of its rights or powers under the Indenture at the request or direction of any of the holders, unless such holders have offered the Trustee indemnity
satisfactory to it. Upon satisfaction of certain conditions set forth in the Indenture, the holders of a majority in principal amount of the Outstanding securities of a series issued pursuant to the Second Supplemental Indenture will 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, with respect to the securities of such series. 

12. Trustee, Paying Agent and Security Registrar May Hold Securities. The Trustee, subject to certain limitations imposed by the TIA,
or any paying agent or Security Registrar, in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not Trustee, paying agent or Security Registrar. 

13. No Recourse Against Others. No recourse under or upon any obligation, covenant or agreement of the Indenture, or of any Security,
or for any claim based thereon or otherwise in respect hereof or thereof, shall be had against any incorporator, stockholder, officer or director, past, present or future as such, of the Company or of any predecessor or successor corporation, either
directly or through the Company or any such predecessor or successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that the
Indenture and the obligations issued hereunder and thereunder are solely corporate obligations, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, stockholders, officers or directors as
such, of the Company or of any predecessor or successor corporation, or any of them, because of the creation of the indebtedness authorized by the Indenture, or under or by reason of the obligations, covenants or agreements contained in the
Indenture or in the Securities or implied therefrom; and that any and all such personal liability of every name and nature, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every
such incorporator, stockholder, officer or director as such, because of the creation of the indebtedness authorized by the Indenture, or under or by reason of the obligations, covenants or agreements contained in the Indenture or in the Securities
or implied therefrom, are hereby expressly waived and released as a condition of, and as a consideration for, the acceptance of the Securities. 

14. Discharge of Indenture. The Indenture contains certain provisions pertaining to discharge and defeasance, which provisions shall
for all purposes have the same effect as if set forth herein. 
 15. Authentication. This Security shall not be valid until the
Trustee signs the certificate of authentication attached to the other side of this Security. 
 16. Abbreviations. Customary
abbreviations may be used in the name of a Securityholder 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). 
 17. Governing Law. The Base Indenture, the Second Supplemental Indenture
and this Security shall be deemed to be a contract made under the internal laws of the State of New York, and for all purposes shall be construed in accordance with the laws of said State.

  
 B-6 

 ASSIGNMENT FORM 

To assign this Security, fill in the form below: (I) or (we) assign and transfer this Security to 

 
  

(Insert assignee’s soc. sec. or tax I.D. no.) 
  

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
 and irrevocably appoint
                     agent to transfer this Security on the books of the Company. The agent may substitute another to act for him. 

Date:                      

 

	
	Your Signature:
	
	 
	 (Sign exactly as your name appears on the face of this Security)

 Signature Guarantee:
                                         
        

  
 B-7 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Security purchased by the Company pursuant to Section 1.4(1) of the Second Supplemental Indenture,
check the box: 
  

	 ̈	1.4(1) Change of Control Triggering Event 

 If you want to elect to have only part of this
Security purchased by the Company pursuant to Section 1.4(1) of the Second Supplemental Indenture, state the amount: $            . 

 

							
	Date:                 	 		 	Your Signature:
		 		 	(Sign exactly as your name appears on the other side of the Security)
				
		 		 		 	
		 		 	Tax I.D. number

 Signature Guarantee:
                                        

 (Signature must be 

guaranteed by a 

participant in a recognized 

signature 

guarantee medallion 

program) 

  
 B-8 

 EXHIBIT C 

FORM OF 5.100% SENIOR NOTES DUE 2035 

[Insert the Global Security legend, if applicable] 

5.100% SENIOR NOTES DUE 2035 
  

					
	 No. [    ]
	  	$	[        	] 

 CUSIP No. 038222AK1 

APPLIED MATERIALS, INC. 
 promises to pay
to [            ] or registered assigns, the principal sum of [            ] Dollars on October 1, 2035. 

Interest Payment Dates: April 1 and October 1 
 Record
Dates: March 15 and September 15 
 Each holder of this Security (as defined below), by accepting the same, agrees to and shall be
bound by the provisions hereof and of the Indenture described herein, and authorizes and directs the Trustee described herein on such holder’s behalf to be bound by such provisions. Each holder of this Security hereby waives all notice of the
acceptance of the provisions contained herein and in the Indenture and waives reliance by such holder upon said provisions. 
 This Security
shall not be entitled to any benefit under the Indenture, or be valid or become obligatory for any purpose, until the Certificate of Authentication hereon shall have been signed by or on behalf of the Trustee. The provisions of this Security are
continued on the reverse side hereof, and such continued provisions shall for all purposes have the same effect as though fully set forth at this place. 

  
 C-1 

 IN WITNESS WHEREOF, the Company has caused this instrument to be signed in accordance with
Section 2.04 of the Base Indenture. 
 Date: 
  

			
	APPLIED MATERIALS, INC.
	
	   

	 Name:
	 	
	 Title:
	 	
	
	   

	 Name:
	 	
	 Title:
	 	

  
 C-2 

 CERTIFICATE OF AUTHENTICATION 

This is one of the 5.100% Senior Notes due 2035 issued by Applied Materials, Inc. of the series designated therein referred to in the
within-mentioned Indenture. 
 Date: 
  

			
	 U.S. BANK NATIONAL ASSOCIATION,
 as
Trustee

		
	 By:
	 	 
		 	Authorized Signatory

  
 C-3 

 Applied Materials, Inc. 

5.100% Senior Notes due 2035 
 This
security is one of a duly authorized series of debt securities of Applied Materials, Inc., a Delaware corporation (the “Company”), issued or to be issued in one or more series under and pursuant to an Indenture for the Company’s
unsubordinated debt securities, dated as of June 8, 2011 (the “Base Indenture”), duly executed and delivered by and among the Company and U.S. Bank National Association (the “Trustee”), as supplemented by the Second
Supplemental Indenture, dated as of September 24, 2015 (the “Second Supplemental Indenture”), by and between the Company and the Trustee. The Base Indenture as supplemented and amended by the Second Supplemental Indenture is referred
to herein as the “Indenture.” By the terms of the Base Indenture, the debt securities issuable thereunder are issuable in series that may vary as to amount, date of maturity, rate of interest and in other respects as provided in the Base
Indenture. This security is one of the series designated on the face hereof (individually, a “Security,” and collectively, the “Securities”), and reference is hereby made to the Indenture for a description of the rights,
limitations of rights, obligations, duties and immunities of the Trustee, the Company and the holders of the Securities (the “Securityholders”). Capitalized terms used herein and not otherwise defined shall have the meanings given them in
the Base Indenture or the Second Supplemental Indenture, as applicable. 
 1. Interest. The Company promises to pay interest on the
principal amount of this Security at an annual rate of 5.100%. The Company will pay interest semi-annually on April 1 and October 1 of each year (each such day, an “Interest Payment Date”). If any Interest Payment Date,
redemption date or maturity date of this Security is not a Business Day, then payment of interest or principal (and premium, if any) shall be made on the next succeeding Business Day with the same force and effect as if made on the date such payment
was due, and no interest shall accrue for the period after such date to the date of such payment on the next succeeding Business Day. Interest on the Securities will accrue from the most recent date to which interest has been paid or duly provided
for or, if no interest has been paid, from the date of issuance; provided that, if there is no existing Default in the payment of interest, and if this Security is authenticated between a regular record date referred to on the face hereof and the
next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date; and provided, further, that the first Interest Payment Date shall be April 1, 2016. Interest will be calculated on the basis of a
360-day year of twelve 30-day months. 
 2. Method of Payment. The Company will pay interest on the Securities (except defaulted
interest), if any, to the persons in whose name such Securities are registered at the close of business on the regular record date referred to on the facing page of this Security for such interest installment. In the event that the Securities or a
portion thereof are called for redemption or there is a Change of Control Offer, and the Optional Redemption Date or the Change of Control Payment Date, as applicable, is subsequent to a regular record date with respect to any Interest Payment Date
and prior to such Interest Payment Date, interest on such Securities will instead be paid upon presentation and surrender of such Securities as provided in the Indenture. 

The principal of and the interest on the Securities shall be payable in the coin or currency of the United States of America that at the time is legal tender
for public and private debt, at the office or agency of the Company maintained for that purpose in accordance with the Indenture. 
 3.
Paying Agent and Registrar. Initially, U.S. Bank National Association, the Trustee, will act as paying agent and Security Registrar. The Company may change or appoint any paying agent or Security Registrar without notice to any
Securityholder. The Company or any of their Subsidiaries may act in any such capacity. 
 4. Indenture. The terms of the Securities
include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (“TIA”) as in effect on the date the Indenture is qualified. The Securities are subject to all such terms, and
Securityholders are referred to the Indenture and TIA for a statement of such terms. The Securities are unsecured general obligations of the Company and constitute the series designated on the face hereof as the “5.100% Senior Notes due
2035”, initially 

  
 C-4 

 
limited to $500,000,000 in aggregate principal amount. The Company will furnish to any Securityholder upon written request and without charge a copy of the Base Indenture and the Second
Supplemental Indenture. Requests may be made to: Applied Materials, Inc., 3050 Bowers Avenue, P.O. Box 58039, Santa Clara, California 95052-8039, Attention: Treasurer. 

5. Redemption. The Securities may be redeemed at the option of the Company prior to the maturity date, as provided in Section 1.3
of the Second Supplemental Indenture. 
 The Company shall not be required to make sinking fund payments with respect to the Securities.

 6. Change of Control Triggering Event. Upon the occurrence of a Change of Control Triggering Event, unless the Company has
exercised its right to redeem this Security or the Company has defeased this Security or satisfied and discharged this Security, the holder of this Security will have the right to require that the Company purchase all or a portion, (such principal
amount to be equal to $2,000 or any integral multiple of $1,000 in excess of $2,000), of this Security at a purchase price equal to 101% of the principal amount repurchased plus accrued and unpaid interest, if any, on the amount to be repurchased to
the date of purchase. Within 30 days following any Change of Control Triggering Event, the Company shall send, by first class mail, a notice to each Holder, in accordance with Section 1.4(1)(a) of the Second Supplemental Indenture, with a copy
to the Trustee, which notice shall govern the terms of the Change of Control Offer. 
 7. Denominations, Transfer, Exchange. The
Securities are in registered form without coupons in the denominations of $2,000 or any integral multiple of $1,000 in excess thereof. The transfer of Securities may be registered and Securities may be exchanged as provided in the Indenture. The
Securities may be presented for exchange or for registration of transfer (duly endorsed or with the form of transfer endorsed thereon duly executed if so required by the Company or the Security Registrar) at the office of the Security Registrar or
at the office of any transfer agent designated by the Company for such purpose. No service charge will be made for any registration of transfer or exchange, but a Securityholder may be required to pay any applicable taxes or other governmental
charges. If the Securities are to be redeemed, the Company will not be required to: (i) issue, register the transfer of, or exchange any Security during a period beginning at the opening of business 15 days before the day of mailing of a notice
of redemption of less than all of the outstanding Securities of the same series and ending at the close of business on the day of such mailing; (ii) register the transfer of or exchange any Security of any series or portions thereof selected
for redemption, in whole or in part, except the unredeemed portion of any such Security being redeemed in part; nor (iii) register the transfer of or exchange of a Security of any series between the applicable record date and the next
succeeding Interest Payment Date. 
 8. Persons Deemed Owners. The registered Securityholder may be treated as its owner for all
purposes. 
 9. Repayment to the Company. Any funds or Governmental Obligations deposited with any paying agent or the Trustee, or
then held by the Company, in trust for payment of principal of, premium, if any, or interest on the Securities of a particular series that are not applied but remain unclaimed by the holders of such Securities for at least one year after the date
upon which the principal of, premium, if any, or interest on such Securities shall have respectively become due and payable, shall, upon request of the Company, be repaid to the Company, or (if then held by the Company) shall be discharged from such
trust. After return to the Company, Holders entitled to the money or securities must look to the Company, as applicable, for payment as unsecured general creditors. 

10. Amendments, Supplements and Waivers. The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority
in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of a majority in principal amount of the Securities of each series at the time Outstanding, on
behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their 

  
 C-5 

 
consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued
upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 

11. Defaults and Remedies. If an Event of Default with respect to the securities of a series issued pursuant to the Second Supplemental
Indenture occurs and is continuing, the Trustee or the holders of at least 25% in aggregate principal amount of the Securities of such series then Outstanding, by notice in writing to the Company (and to the Trustee if notice is given by such
holders), may declare the unpaid principal of, premium, if any, and accrued interest, if any, due and payable immediately. Subject to the terms of the Indenture, if an Event of Default under the Indenture shall occur and be continuing, the Trustee
will be under no obligation to exercise any of its rights or powers under the Indenture at the request or direction of any of the holders, unless such holders have offered the Trustee indemnity satisfactory to it. Upon satisfaction of certain
conditions set forth in the Indenture, the holders of a majority in principal amount of the Outstanding securities of a series issued pursuant to the Second Supplemental Indenture will 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, with respect to the securities of such series. 

12. Trustee, Paying Agent and Security Registrar May Hold Securities. The Trustee, subject to certain limitations imposed by the TIA,
or any paying agent or Security Registrar, in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not Trustee, paying agent or Security Registrar. 

13. No Recourse Against Others. No recourse under or upon any obligation, covenant or agreement of the Indenture, or of any Security,
or for any claim based thereon or otherwise in respect hereof or thereof, shall be had against any incorporator, stockholder, officer or director, past, present or future as such, of the Company or of any predecessor or successor corporation, either
directly or through the Company or any such predecessor or successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that the
Indenture and the obligations issued hereunder and thereunder are solely corporate obligations, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, stockholders, officers or directors as
such, of the Company or of any predecessor or successor corporation, or any of them, because of the creation of the indebtedness authorized by the Indenture, or under or by reason of the obligations, covenants or agreements contained in the
Indenture or in the Securities or implied therefrom; and that any and all such personal liability of every name and nature, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every
such incorporator, stockholder, officer or director as such, because of the creation of the indebtedness authorized by the Indenture, or under or by reason of the obligations, covenants or agreements contained in the Indenture or in the Securities
or implied therefrom, are hereby expressly waived and released as a condition of, and as a consideration for, the acceptance of the Securities. 

14. Discharge of Indenture. The Indenture contains certain provisions pertaining to discharge and defeasance, which provisions shall
for all purposes have the same effect as if set forth herein. 
 15. Authentication. This Security shall not be valid until the
Trustee signs the certificate of authentication attached to the other side of this Security. 
 16. Abbreviations. Customary
abbreviations may be used in the name of a Securityholder 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). 

  
 C-6 

 17. Governing Law. The Base Indenture, the Second Supplemental Indenture and this Security
shall be deemed to be a contract made under the internal laws of the State of New York, and for all purposes shall be construed in accordance with the laws of said State. 

  
 C-7 

 ASSIGNMENT FORM 

To assign this Security, fill in the form below: (I) or (we) assign and transfer this Security to 

 
  

(Insert assignee’s soc. sec. or tax I.D. no.) 
  

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
 and irrevocably appoint
                     agent to transfer this Security on the books of the Company. The agent may substitute another to act for him. 

Date:                      

 

	
	Your Signature:
	
	 
	 (Sign exactly as your name appears on the face of this Security)

 Signature Guarantee:
                                         
        

  
 C-8 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Security purchased by the Company pursuant to Section 1.4(1) of the Second Supplemental Indenture,
check the box: 
  

	 ̈	1.4(1) Change of Control Triggering Event 

 If you want to elect to have only part of this
Security purchased by the Company pursuant to Section 1.4(1) of the Second Supplemental Indenture, state the amount: $            . 

 

							
	Date:                 	 		 	Your Signature:
		 		 	(Sign exactly as your name appears on the other side of the Security)
				
		 		 		 	
		 		 	Tax I.D. number

 Signature Guarantee:
                                        

 (Signature must be 

guaranteed by a 

participant in a recognized 

signature 

guarantee medallion 

program) 

  
 C-9EX-10.1

 Exhibit 10.1 
  

 
  

FIFTH AMENDMENT TO 

AMENDED AND RESTATED CREDIT AGREEMENT 

Dated as of September 18, 2015 

among 
 GULFPORT ENERGY
CORPORATION, 
 as Borrower, 

THE BANK OF NOVA SCOTIA, 

as Administrative Agent 
 and 

The Lenders Party Hereto 

KEYBANK NATIONAL ASSOCIATION and 

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, 

as Co-Syndication Agents 
 WELLS
FARGO BANK, N.A. and 
 BARCLAYS BANK PLC, 

as Co-Documentation Agents 
  

 
  

 FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT 

THIS FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is entered into
as of September 18, 2015, among GULFPORT ENERGY CORPORATION, a Delaware corporation (“Borrower”), THE BANK OF NOVA SCOTIA, as Administrative Agent (“Administrative
Agent”) and L/C Issuer, and the Lenders party hereto. 

R E C I T A L S 

A. Borrower, the financial institutions signing as Lenders thereto, Administrative Agent and the other agents party thereto are parties to an
Amended and Restated Credit Agreement dated as of December 27, 2013, as amended by a First Amendment to Amended and Restated Credit Agreement dated as of April 23, 2014, a Second Amendment to Amended and Restated Credit Agreement dated as
of November 26, 2014, a Third Amendment to Amended and Restated Credit Agreement dated as of April 10, 2015, and a Fourth Amendment to Amended and Restated Credit Agreement and Limited Consent and Waiver dated as of May 29, 2015
(collectively, the “Original Credit Agreement”); the Original Credit Agreement as amended and waived by this Amendment is referred to herein as the “Credit Agreement”). 

B. The parties desire to amend the Original Credit Agreement as hereinafter provided. 

NOW, THEREFORE, in consideration of these premises and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows: 
 1. Same Terms. All terms used herein that are defined in the
Original Credit Agreement shall have the same meanings when used herein, unless the context hereof otherwise requires or provides. In addition, (i) all references in the Original Credit Agreement and, where appropriate in the context, in the
other Loan Documents to the “Agreement” shall mean the Original Credit Agreement, as amended and waived by this Amendment, as the same may hereafter be amended and waived from time to time, and (ii) all references in the Loan
Documents to the “Loan Documents” shall mean the Loan Documents, as amended and waived by the Modification Papers, as the same may hereafter be amended and waived from time to time. In addition, the following terms have the meanings set
forth below: 
 “Effective Date” means the date on which the conditions specified in Section 2 below are
satisfied (or waived in writing by the Administrative Agent). 
 “Modification Papers” means this Amendment and all
of the other documents and agreements executed in connection with the transactions contemplated by this Amendment. 
 2. Conditions
Precedent. The obligations and agreements of the Lenders as set forth in this Amendment are subject to the satisfaction, unless waived in writing by Administrative Agent, of each of the following conditions (and upon such satisfaction, this
Amendment shall be deemed to be effective as of the Effective Date): 
 A. Fifth Amendment to Credit Agreement.
This Amendment shall have been duly executed and delivered by each of the parties hereto. 
 B. Borrowing Base Increase
Fee. Borrower shall have paid Administrative Agent for the account of Lenders a fee for the incremental increase of the Borrowing Base in the amount agreed upon by Borrower, Administrative Agent and Lenders. 

  
 FIFTH AMENDMENT – Page 1

 C. Fees and Expenses. Administrative Agent shall have received
payment of all out-of-pocket fees and expenses (including reasonable attorneys’ fees and expenses) incurred by Administrative Agent in connection with the preparation, negotiation and execution of the Modification Papers. 

3. Amendments to Original Credit Agreement. On the Effective Date, the Original Credit Agreement shall be deemed to be amended
as follows: 
 (a) The definition of “Eurodollar Rate” in Section 1.01 of the Original Credit Agreement
shall be amended by inserting after the fraction and before the word “Where,” the phrase “, provided that if the ‘Eurodollar Rate’ shall be less than zero, such rate shall be deemed to be zero for purposes of this
Agreement;”. 
 (b) The definition of “Federal Funds Rate” in Section 1.01 of the Original Credit
Agreement shall be amended by inserting immediately prior to the period at the end thereof, the phrase “, provided that if the ‘Federal Funds Rate’ shall be less than zero, such rate shall be deemed to be zero for purposes of
this Agreement”. 
 (c) Section 1.01 of the Original Credit Agreement shall be amended by amending and
restating the following definition to read in its entirety as follows: 
 “‘L/C Sublimit’ means,
at any time, an amount equal to the greater of $150,000,000 or 40% of the Borrowing Base existing at such time. The L/C Sublimit is part of, and not in addition to, the Aggregate Commitments.” 

(d) Section 7.12(a) of the Original Credit Agreement shall be amended to read in its entirety as follows: 

“(a) Net Funded Debt to EBITDAX Ratio. Maintain on a consolidated basis a ratio of Net Funded Debt to EBITDAX not
exceeding 4.00:1.00.” 
 (e) Section 8.02(i) shall be amended by deleting the word “and” at the
end thereof, and Section 8.02(j) shall be relettered as “(k)”, and a new Section 8.02(j) shall be added which shall read in its entirety as follows: 

“(j) Investments in joint ventures formed to own and operate midstream assets; provided that the aggregate
outstanding amount of all such Investments made in reliance on this clause (j) does not exceed $100,000,000; and” 

(f) Section 8.03(p) of the Original Credit Agreement shall be amended to read in its entirety as follows: 

“(p) other Indebtedness in an aggregate principal amount at any time outstanding under this clause (p) that does not
exceed the greater of (i) $10,000,000 and (ii) two percent (2%) of the Borrowing Base as in effect at the time of the most recent incurrence of Indebtedness under this clause (p).” 

  
 FIFTH AMENDMENT – Page 2

 (g) Section 8.05(p) shall be amended by deleting the word
“or” at the end thereof, Section 8.05(q) shall be amended by adding the word “or” at the end thereof, and a new Section 8.05(r) shall be added which shall read in its entirety as follows: 

“(r) Dispositions of contracts (and rights or interests therein or thereunder) or other arrangements constituting a
release of natural gas interstate transportation capacity, which Dispositions do not (when considered cumulatively, and taken together with other related transactions and contractual arrangements) deprive Borrower of the benefit of any material
portion of Borrower’s Mineral Interests;” 
 (h) The preamble to Section 8.09(a)(ii) shall be amended to read
in its entirety as follows: 
 “(ii) the notional volumes for which (when aggregated with other Swap Contracts then in
effect other than puts and floors and basis differential swaps) do not exceed, as of the date such Swap Contract is executed:” 

(i) The second and third unnumbered paragraphs after Section 8.09(a)(iv) of the Original Credit Agreement shall be amended
to read in their entirety as follows: 
 “Notwithstanding any other provision of this Section 8.09(a), the Borrower
and its Subsidiaries may enter into (A) put and floor options and (B) basis differential swaps, in each case, with respect to notional volumes not in excess of the notional volumes that may otherwise be hedged pursuant to this
Section 8.09 (but not giving effect to the parenthetical in Section 8.09(a)(ii)). 
 For purposes of this
paragraph, “Tested Swap Contracts” means Swap Contracts entered into to hedge prices on oil, natural gas and natural gas liquids measured separately expected to be produced by the Loan Parties other than (A) put and
floor options, and (B) basis differential swaps.” 
 (j) Schedule 2.01 to the Original Credit Agreement
shall be replaced with Schedule 2.01 attached to this Amendment. 
 (k) The last line of the Leverage Ratio
Exhibit in Schedule 2 to the Compliance Certificate attached as Exhibit C to the Original Credit Agreement shall be amended to read as follows: 
  

					
	 Maximum Permitted:
	  	 	4.00 to 1.00	  

 (l) The last line of the Pro Forma Leverage Ratio Exhibit in the Schedule to the Designated
Investment Entity Certificate attached as Exhibit I to the Original Credit Agreement shall be amended to read as follows: 
  

					
	 Maximum Permitted:
	  	 	4.00 to 1.00	  

 4. Increase of Borrowing Base. The Borrowing Base is hereby increased from $575,000,000 to
$700,000,000. The Borrowing Base shall remain at this amount until next redetermined in accordance with Article IV of the Credit Agreement. 

5. Certain Representations. Borrower represents and warrants that, as of the Effective Date: (a) Borrower has full power
and authority to execute the Modification Papers to which it is a party and such Modification Papers constitute the legal, valid and binding obligation of Borrower enforceable in accordance with their terms, except as enforceability may be limited
by general principles of equity and applicable bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting the 

  
 FIFTH AMENDMENT – Page 3

 
enforcement of creditors’ rights generally; (b) no authorization, approval, consent or other action by, notice to, or filing with, any Governmental Authority or other Person is required
for the execution, delivery and performance by Borrower thereof; and (c) no Default has occurred and is continuing or will result from the consummation of the transactions contemplated by this Amendment. In addition, Borrower represents that
after giving effect to the Modification Papers, all representations and warranties contained in the Credit Agreement and the other Loan Documents are true and correct in all material respects (provided that any such representations or warranties
that are, by their terms, already qualified by reference to materiality shall be true and correct without regard to such additional materiality qualification) on and as of the Effective Date as if made on and as of such date except to the extent
that any such representation or warranty expressly relates to an earlier date, in which case such representation or warranty is true and correct in all material respects (or true and correct without regard to such additional materiality
qualification, as applicable) as of such earlier date. 
 6. No Further Amendments. Except as previously amended or waived in
writing or as amended or waived hereby, the Original Credit Agreement shall remain unchanged and all provisions shall remain fully effective between the parties. 

7. Acknowledgments and Agreements. Borrower acknowledges that on the date hereof all outstanding Obligations, in each case as
amended and waived hereby, are payable in accordance with their terms, and Borrower waives any defense, offset, counterclaim or recoupment with respect thereto. Borrower, Administrative Agent, L/C Issuer and each Lender do hereby adopt, ratify and
confirm the Original Credit Agreement, as amended and waived hereby, and acknowledge and agree that the Original Credit Agreement, as amended and waived hereby, is and remains in full force and effect. Borrower acknowledges and agrees that its
liabilities and obligations under the Original Credit Agreement and under the other Loan Documents, in each case as amended and waived hereby, are not impaired in any respect by this Amendment. Upon the effectiveness of this Amendment, each
reference in the Credit Agreement to “this Agreement”, “hereunder”, or words of like import shall mean and be a reference to the Credit Agreement, as amended and waived hereby. 

8. Limitation on Agreements. The consents, waivers and modifications set forth herein are limited precisely as written and shall
not be deemed (a) to be a consent under or a waiver of or an amendment to any other term or condition in the Original Credit Agreement or any of the other Loan Documents, or (b) to prejudice any other right or rights that Administrative
Agent or the Lenders now have or may have in the future under or in connection with the Original Credit Agreement and the other Loan Documents, each as amended and waived hereby, or any of the other documents referred to herein or therein. The
Modification Papers shall constitute Loan Documents for all purposes. 
 9. Confirmation of Security. Borrower hereby confirms
and agrees that all of the Collateral Documents that presently secure the Obligations shall continue to secure, in the same manner and to the same extent provided therein, the payment and performance of the Obligations as described in the Original
Credit Agreement as modified by this Amendment. 
 10. Counterparts. This Amendment may be executed in any number of
counterparts, each of which when executed and delivered shall be deemed an original, but all of which constitute one instrument. In making proof of this Amendment, it shall not be necessary to produce or account for more than one counterpart thereof
signed by each of the parties hereto. 
 11. Incorporation of Certain Provisions by Reference. The provisions of
Section 11.15. of the Original Credit Agreement captioned “Governing Law, Jurisdiction; Etc.” and Section 11.16. of the Original Credit Agreement captioned “Waiver of Right to Trial by Jury” are incorporated herein by
reference for all purposes. 

  
 FIFTH AMENDMENT – Page 4

 12. Entirety, Etc. This Amendment, the other Modification Papers and all of the
other Loan Documents embody the entire agreement between the parties. THIS AMENDMENT, THE OTHER MODIFICATION PAPERS AND ALL OF THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 
 [This space
is left intentionally blank. Signature pages follow.] 

  
 FIFTH AMENDMENT – Page 5

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment to be effective as of the
date and year first above written. 
  

							
		 		 	 BORROWER
  

GULFPORT ENERGY CORPORATION

				
		 		 	By:	 	/s/ Aaron Gaydosik
		 		 		 	Aaron Gaydosik
		 		 		 	Chief Financial Officer

  
 FIFTH AMENDMENT – Signature
Page S-1 

							
		 		 	 ADMINISTRATIVE AGENT:
  

THE BANK OF NOVA SCOTIA,
 as Administrative Agent and
L/C Issuer

				
		 		 	By:	 	/s/ Alan Dawson
		 		 		 	Alan Dawson
		 		 		 	Director
			
		 		 	 LENDERS:
  

THE BANK OF NOVA SCOTIA,
 as a Lender

				
		 		 	By:	 	/s/ Alan Dawson
		 		 		 	Alan Dawson
		 		 		 	Director

  
 FIFTH AMENDMENT – Signature
Page S-2 

							
		 		 	 KEYBANK NATIONAL ASSOCIATION,

as a Lender

				
		 		 	By:	 	/s/ John Dravenstott
		 		 	Name:	 	John Dravenstott
		 		 	Title:	 	Vice President

  
 FIFTH AMENDMENT – Signature
Page S-3 

							
		 		 	 CREDIT SUISSE AG,
 Cayman
Islands Branch,
 as a Lender

				
		 		 	By:	 	/s/ Nupur Kumar
		 		 	Name:	 	Nupur Kumar
		 		 	Title:	 	Authorized Signatory
				
		 		 	By:	 	/s/ Michael Moreno
		 		 	Name:	 	Michael Moreno
		 		 	Title:	 	Authorized Signatory

  
 FIFTH AMENDMENT – Signature
Page S-4 

							
		 		 	 BARCLAYS BANK PLC,
 as a
Lender

				
		 		 	By:	 	/s/ Christopher Lee
		 		 	Name:	 	Christopher Lee
		 		 	Title:	 	Vice President

  
 FIFTH AMENDMENT – Signature
Page S-5 

							
		 		 	 WELLS FARGO BANK, N.A.,

as a Lender

				
		 		 	By:	 	/s/ David C. Brooks
		 		 	Name:	 	David C. Brooks
		 		 	Title:	 	Director

  
 FIFTH AMENDMENT – Signature
Page S-6 

							
		 		 	 AMEGY BANK NATIONAL ASSOCIATION,

as a Lender

				
		 		 	By:	 	/s/ Jill McSorley
		 		 	Name:	 	Jill McSorley
		 		 	Title:	 	Senior Vice President

  
 FIFTH AMENDMENT – Signature
Page S-7 

							
		 		 	 BNP PARIBAS,
 as a
Lender

				
		 		 	By:	 	/s/ Scott Joyce
		 		 	Name:	 	Scott Joyce
		 		 	Title:	 	Managing Director
				
		 		 	By:	 	/s/ Sriram Chandrasekaran
		 		 	Name:	 	Sriram Chandrasekaran
		 		 	Title:	 	Director

  
 FIFTH AMENDMENT – Signature
Page S-8 

							
		 		 	 COMPASS BANK,
 as a
Lender

				
		 		 	By:	 	/s/ Kathleen J. Bowen
		 		 	Name:	 	Kathleen J. Bowen
		 		 	Title:	 	Managing Director

  
 FIFTH AMENDMENT – Signature
Page S-9 

							
		 		 	 PNC BANK, NATIONAL ASSOCIATION,

as a Lender

				
		 		 	By:	 	/s/ Sandra Aultman
		 		 	Name:	 	Sandra Aultman
		 		 	Title:	 	Managing Director

  
 FIFTH AMENDMENT – Signature
Page S-10 

							
		 		 	 U.S. BANK NATIONAL ASSOCIATION,

as a Lender

				
		 		 	By:	 	/s/ Nicholas T. Hanford
		 		 	Name:	 	Nicholas T. Hanford
		 		 	Title:	 	Vice President

  
 FIFTH AMENDMENT – Signature
Page S-11 

							
		 		 	 ASSOCIATED BANK, N.A.,
 as
a Lender

				
		 		 	By:	 	/s/ Kyle Lewis
		 		 	Name:	 	Kyle Lewis
		 		 	Title:	 	Vice President

  
 FIFTH AMENDMENT – Signature
Page S-12 

							
		 		 	 IBERIABANK,
 as a
Lender

				
		 		 	By:	 	/s/ Moni Collins
		 		 	Name:	 	Moni Collins
		 		 	Title:	 	Senior Vice President

  
 FIFTH AMENDMENT – Signature
Page S-13 

 SCHEDULE 2.01 

Commitments 
 and
Applicable Percentages 
  

									
	 Lender
	  	Applicable Percentage	 	 	Commitment	 
	 The Bank of Nova Scotia
	  	 	12.14285714	% 	 	$	85,000,000	  
	 KeyBank National Association
	  	 	10.71428571	% 	 	$	75,000,000	  
	 Credit Suisse AG, Cayman Islands Branch
	  	 	10.71428571	% 	 	$	75,000,000	  
	 Barclays Bank PLC
	  	 	10.71428571	% 	 	$	75,000,000	  
	 Wells Fargo Bank, N.A.
	  	 	10.71428571	% 	 	$	75,000,000	  
	 Amegy Bank National Association
	  	 	8.85714286	% 	 	$	62,000,000	  
	 BNP Paribas
	  	 	6.35714286	% 	 	$	44,500,000	  
	 Compass Bank
	  	 	6.35714286	% 	 	$	44,500,000	  
	 PNC Bank, National Association
	  	 	6.35714286	% 	 	$	44,500,000	  
	 U.S. Bank National Association
	  	 	6.35714286	% 	 	$	44,500,000	  
	 Associated Bank, N.A.
	  	 	5.71428571	% 	 	$	40,000,000	  
	 IberiaBank
	  	 	5.00000000	% 	 	$	35,000,000	  
	 TOTAL:
	  	 	100.00	% 	 	$	700,000,000	  

 Maximum Facility Amount: $1,500,000,000 

  
 SCHEDULE 2.01, Commitments and
Applicable Percentages – Solo Page

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