Document:

Exhibit 10.1

 

SECURITIES
PURCHASE AGREEMENT

 

This Securities Purchase
Agreement (this “Agreement”) is dated as of February 11, 2020, between Tellurian Inc.,
a Delaware corporation (the “Company”), and each purchaser identified on the signature pages hereto (each,
including its successors and assigns, a “Purchaser” and collectively the “Purchasers”).

 

WHEREAS, subject to
the terms and conditions set forth in this Agreement and pursuant to an effective registration statement under the Securities Act
(as defined below), the Company desires to issue and sell to each Purchaser, and each Purchaser, severally and not jointly, desires
to purchase from the Company, securities of the Company as more fully described in this Agreement.

 

NOW, THEREFORE, IN
CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable consideration the receipt and
adequacy of which are hereby acknowledged, the Company and each Purchaser agree as follows:

 

ARTICLE I.

DEFINITIONS

 

1.1            Definitions.
In addition to the terms defined elsewhere in this Agreement, for all purposes of this Agreement, the following terms have the
meanings set forth in this Section 1.1:

 

“430B
Information” means information included in a prospectus then deemed to be a part of the Registration Statement pursuant
to Rule 430B(e) or retroactively deemed to be a part of the Registration Statement pursuant to Rule 430B(f).

 

“430C
Information” means information included in a prospectus then deemed to be a part of the Registration Statement pursuant
to Rule 430C.

 

“Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common
control with a Person as such terms are used in and construed under Rule 405 under the Securities Act.

 

“Acquiring
Person” shall have the meaning ascribed to such term in Section 4.3.

 

“Base
Prospectus” means the final prospectus filed for the Registration Statement.

 

“Board
of Directors” means the board of directors of the Company.

 

“Business
Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or
any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to
close.

 

“Closing”
means the closing of the purchase and sale of the Shares pursuant to Section 2.1.

 

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“Closing
Date” means the Trading Day on which all of the Transaction Documents have been executed and delivered by the applicable
parties thereto, and all conditions precedent to (i) the Purchasers’ obligations to pay the Subscription Amount and
(ii) the Company’s obligations to deliver the Shares, in each case, have been satisfied or waived, but in no event later
than the second (2nd) Trading Day following the date hereof.

 

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

 

“Common
Stock” means the common stock of the Company, par value $0.01 per share, and any other class of securities into which
such securities may hereafter be reclassified or changed.

 

“Common
Stock Equivalents” means any securities of the Company or the Subsidiaries which would entitle the holder thereof to
acquire at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument
that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common
Stock.

 

“Company
Counsel” means Davis Graham & Stubbs LLP, with offices located
at 1550 Seventeenth Street, Suite 500, Denver, Colorado 80202.

 

“Delivery
versus Payment” means a securities industry settlement method that guarantees the transfer of securities only happens
after payment has been made. It stipulates that the buyer's cash payment for securities must be made prior to or at the same time
as the delivery of the security.

 

“Disclosure
Time” means, (i) if this Agreement is signed on a day that is not a Trading Day or after 9:00 a.m. (New York
City time) and before midnight (New York City time) on any Trading Day, 9:01 a.m. (New York City time) on the Trading Day
immediately following the date hereof, unless otherwise instructed as to an earlier time by the Placement Agent, and (ii) if
this Agreement is signed between midnight (New York City time) and 9:00 a.m. (New York City time) on any Trading Day, no later
than 9:01 a.m. (New York City time) on the date hereof, unless otherwise instructed as to an earlier time by the Placement
Agent.

 

“DPW”
means Davis Polk & Wardwell LLP, with offices located at 450 Lexington Avenue, New York, New York 10017.

 

“Effective
Time” of the Registration Statement relating to the Shares means the time of the first contract of sale for the Shares.

 

“Escrow
Agent” means Signature Bank, a New York State chartered bank, with offices at 261 Madison Avenue, New York, New York
10016.

 

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

 

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

 

“Per
Share Purchase Price” equals $6.36, subject to adjustment for reverse and forward stock splits, stock dividends, stock
combinations and other similar transactions of the Common Stock that occur after the date of this Agreement and prior to the Closing.

 

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

 

“Placement Agent”
means T.R. Winston & Company, LLC, with offices at 2049 Century Park East, Suite 320, Los Angeles, CA 90067.

 

“Proceeding”
means an action, claim, suit, investigation or proceeding (including, without limitation, an informal investigation or partial
proceeding, such as a deposition), whether commenced or threatened.

 

“Prospectus”
means the Base Prospectus together with the Prospectus Supplement.

 

“Prospectus
Supplement” means the supplement to the Base Prospectus complying with Rule 424(b) of the Securities Act that
is filed with the Commission and delivered by the Company to each Purchaser at the Closing.

 

“Registration
Statement” means the effective registration statement with Commission file No. 333-235793 which registers the sale
of the Shares.

 

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

 

“Rules and
Regulations” means the rules and regulations of the Commission.

 

Unless otherwise specified, (i) a
reference to a “rule” is to the indicated rule under the Securities Act and (ii) a reference to any document
includes any document incorporated by reference therein.

 

“SEC
Reports” means all reports, schedules, forms, statements and other documents required to be filed by the Company under
the Securities Act and the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof, for the two years
preceding the date hereof together with the Prospectus.

 

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

 

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“Securities
Laws” means, collectively, the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), the Securities Act,
the Exchange Act, the Rules and Regulations, the auditing principles, rules, standards and practices applicable to auditors
of “issuers” (as defined in the Sarbanes-Oxley Act) promulgated or approved by the Public Company Accounting Oversight
Board and, as applicable, the rules of the New York Stock Exchange and the NASDAQ Stock Market.

 

“Shares”
means the shares of Common Stock issued or issuable by the Company to each Purchaser pursuant to this Agreement.

 

“Short
Sales” means all “short sales” as defined in Rule 200 of Regulation SHO under the Exchange Act (but
shall not be deemed to include locating and/or borrowing shares of Common Stock).

 

“Subscription
Amount” means, as to each Purchaser, the aggregate amount to be paid for Shares purchased hereunder as specified below
such Purchaser’s name on the signature page of this Agreement and next to the heading “Subscription Amount,”
in United States dollars and in immediately available funds.

 

“Subsidiary”
means any subsidiary of the Company as set forth in the SEC Reports, and shall, where applicable, also include any direct or indirect
subsidiary of the Company formed or acquired after the date hereof.

 

“Trading
Day” means a day on which the principal Trading Market is open for trading.

 

“Trading
Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on
the date in question: the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market or
the New York Stock Exchange (or any successors to any of the foregoing).

 

“Transaction
Documents” means this Agreement, all exhibits and schedules thereto and hereto and any other documents or agreements
executed in connection with the transactions contemplated hereunder.

 

“Transfer Agent”
means Broadridge Corporate Issuer Solutions, Inc., the current transfer agent of the Company, with a mailing address of 51
Mercedes Way, Edgewood, NY 11717 and any successor transfer agent of the Company.

 

ARTICLE II.

PURCHASE AND SALE

 

2.1            Closing.
On the Closing Date, upon the terms and subject to the conditions set forth herein, substantially concurrent with the execution
and delivery of this Agreement by the parties hereto, the Company agrees to sell, and the Purchasers, severally and not jointly,
agree to purchase, up to an aggregate of $13,448,798.76 of Shares. Each Purchaser’s Subscription Amount as set forth on the signature
page hereto executed by such Purchaser shall be made available for “Delivery Versus Payment” settlement with the
Company or its designee. The Company shall deliver to each Purchaser its respective Shares, and the Company and each Purchaser
shall deliver the other items set forth in Section 2.2 deliverable at the Closing. Upon satisfaction of the covenants and
conditions set forth in Sections 2.2 and 2.3, the Closing shall occur at the offices of DPW or such other location as the parties
shall mutually agree.

 

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2.2            Deliveries.

 

(a)            On
or prior to the Closing Date, the Company shall deliver or cause to be delivered to each Purchaser the following:

 

(i)            this
Agreement duly executed by the Company;

 

(ii)           a
legal opinion of Company Counsel, substantially in the form of Exhibit A attached hereto;

 

(iii)          the
Company shall have provided each Purchaser with the Escrow Agent’s wire instructions;

 

(iv)          a
copy of the irrevocable instructions to the Transfer Agent instructing the Transfer Agent to deliver on an expedited basis via
The Depository Trust Company Deposit or Withdrawal at Custodian system (“DWAC”) Shares equal to such Purchaser’s
Subscription Amount divided by the Per Share Purchase Price, registered in the name of such Purchaser; and

 

(v)           the
Base Prospectus and Prospectus Supplement (which may be delivered in accordance with Rule 172 under the Securities Act).

 

(b)            On
or prior to the Closing Date, each Purchaser shall deliver or cause to be delivered to the Company or the Escrow Agent, as applicable,
the following:

 

(i)            this
Agreement duly executed by such Purchaser; and

 

(ii)           such
Purchaser’s Subscription Amount, which shall be wired into the escrow account at the Escrow Agent.

 

2.3            Closing
Conditions.

 

(a)            The
obligations of the Company hereunder in connection with the Closing are subject to the following conditions being met:

 

(i)            the
accuracy in all material respects (or, to the extent representations or warranties are qualified by materiality or Material Adverse
Effect, in all respects) on the Closing Date of the representations and warranties of the Purchasers contained herein (unless as
of a specific date therein in which case they shall be accurate as of such date);

 

(ii)           all
obligations, covenants and agreements of each Purchaser required to be performed at or prior to the Closing Date shall have been
performed; and

 

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(iii)          the
delivery by each Purchaser of the items set forth in Section 2.2(b) of this Agreement.

 

(b)            The
respective obligations of the Purchasers hereunder in connection with the Closing are subject to the following conditions being
met:

 

(i)            the
accuracy in all material respects (or, to the extent representations or warranties are qualified by materiality or Material Adverse
Effect, in all respects) when made and on the Closing Date of the representations and warranties of the Company contained herein
(unless as of a specific date therein in which case they shall be accurate as of such date);

 

(ii)           all
obligations, covenants and agreements of the Company required to be performed at or prior to the Closing Date shall have been
performed;

 

(iii)          the
delivery by the Company of the items set forth in Section 2.2(a) of this Agreement;

 

(iv)          there
shall have been no Material Adverse Effect with respect to the Company since the date hereof; and

 

(v)           from
the date hereof to the Closing Date, trading in the Common Stock shall not have been suspended by the Commission or the Company’s
principal Trading Market, and, at any time prior to the Closing Date, trading in securities generally as reported by Bloomberg
L.P. shall not have been suspended or limited, or minimum prices shall not have been established on securities whose trades are
reported by such service, or on any Trading Market, nor shall a banking moratorium have been declared either by the United States
or New York State authorities nor shall there have occurred any material outbreak or escalation of hostilities or other national
or international calamity of such magnitude in its effect on, or any material adverse change in, any financial market which, in
each case, in the reasonable judgment of such Purchaser, makes it impracticable or inadvisable to purchase the Shares at the Closing.

 

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ARTICLE III.

REPRESENTATIONS AND WARRANTIES

 

3.1            Representations
and Warranties of the Company. The Company hereby makes the following representations and warranties to each Purchaser:

 

(a)            Filing
and Effectiveness of Registration Statement. The Company and the transactions contemplated by the Transaction Documents meet
the requirements for and comply with the applicable conditions set forth in Form S-3 (including General Instructions I.A
and I.B) under the Securities Act. The Company has filed with the Commission a registration statement on Form S-3 (No. 333-235793),
including a related prospectus or prospectuses, covering the registration of the Shares under the Securities Act, which became
effective at the time of filing. “Registration Statement” at any particular time means such registration statement
in the form then filed with the Commission, including any amendment thereto, any document incorporated by reference therein and
all 430B Information and all 430C Information with respect to such registration statement, that in any case has not been superseded
or modified. “Registration Statement” without reference to a time means the Registration Statement as of the
Effective Time. For purposes of this definition, 430B Information shall be considered to be included in the Registration Statement
as of the time specified in Rule 430B. The Company has not received, and has no notice of, any order of the Commission preventing
or suspending the use of the Registration Statement, or threatening or instituting proceedings for that purpose. The Registration
Statement and the offer and sale of the Shares as contemplated hereby meet the requirements of Rule 415 under the Securities
Act and comply in all material respects with said Rule. Any statutes, regulations, contracts or other documents that are required
to be described in the Registration Statement or the Prospectus or to be filed as exhibits to the Registration Statement have been
so described or filed. Copies of the Registration Statement, the Prospectus, and any such amendments or supplements and all documents
incorporated by reference therein that were filed with the Commission on or prior to the date of this Agreement have been delivered,
or are available through EDGAR, to the Placement Agent and its counsel. The Company has not distributed and, prior to the later
to occur of the Closing Date (as defined below) and completion of the distribution of the Shares, will not distribute any offering
material in connection with the offering or sale of the Shares other than the Registration Statement and the Prospectus. The Common
Stock is registered pursuant to Section 12(b) of the Exchange Act and is currently listed on The NASDAQ Capital Market
(“NASDAQ”) under the trading symbol “TELL.” The Company has taken no action designed to terminate
the registration of the Common Stock under the Exchange Act or delist the Common Stock from NASDAQ. The Company has not received
any notification that the Commission is contemplating terminating such registration. Except as set forth in the Prospectus, the
Company (i) has not received any notification that NASDAQ is contemplating a delisting of the Common Stock from NASDAQ, and
(ii) is, to its knowledge, in material compliance with all applicable listing requirements of NASDAQ.

 

(b)            No
Misstatement or Omission. (A) At the time the Registration Statement initially became effective, (B) at the time
of each amendment thereto for the purposes of complying with Section 10(a)(3) of the Securities Act (whether by post-effective
amendment, incorporated report or form of prospectus), (C) at the Effective Time relating to the Shares and (D) on the
Closing Date, the Registration Statement conformed and will conform in all material respects with the requirements of the Securities
Act. The Registration Statement, when it became effective and on the Closing Date, did not, and will not, contain an untrue statement
of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not
misleading. (A) On its date, (B) at the time of filing the Prospectus pursuant to Rule 424(b), (C) on the date
of any amendment or supplement to the Prospectus and (D) on the Closing Date, the Prospectus will conform in all material
respects to the requirements of the Securities Act and the Rules and Regulations, and will not include any untrue statement
of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading. The foregoing shall not apply to statements in, or
omissions from, any such document made in reliance upon, and in conformity with, information furnished to the Company by the Placement
Agent specifically for use in the preparation thereof.

 

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(c)            Automatic
Shelf Registration Statement. (i) Well-Known Seasoned Issuer Status. (A) At the time of initial filing of the Registration
Statement, (B) at the time of the most recent amendment thereto for the purposes of complying with Section 10(a)(3) of
the Securities Act (whether such amendment was by post-effective amendment, incorporated report filed pursuant to Section 13
or 15(d) of the Exchange Act or form of prospectus), and (C) at the time the Company or any person acting on its behalf
(within the meaning, for this clause only, of Rule 163(c)) made any offer relating to the Shares in reliance on the exemption
of Rule 163, the Company was a “well-known seasoned issuer” as defined in Rule 405, including not being an
 “ineligible issuer” as defined in Rule 405.

 

(ii)           Effectiveness
of Automatic Shelf Registration Statement. The Registration Statement is an “automatic shelf registration statement,”
as defined in Rule 405, that initially became effective within three years of the date hereof.

 

(iii)          Eligibility
to Use Automatic Shelf Registration Form. The Company has not received from the Commission any notice pursuant to Rule 401(g)(2) objecting
to use of the automatic shelf registration statement form. The Company will take all commercially reasonable action necessary or
appropriate to permit the public offering and sale of the Shares to continue as contemplated in the registration statement that
was the subject of the Rule 401(g)(2) notice or for which the Company has otherwise become ineligible. References herein
to the Registration Statement shall include such a registration statement or post-effective amendment, as the case may be.

 

(iv)          Filing
Fees. The Company has paid or shall pay the required Commission filing fees relating to the Shares within the time required by
Rule 456(b)(1) and otherwise in accordance with Rules 456(b) and 457(r).

 

(d)            Ineligible
Issuer Status. (i) At the earliest time after the filing of the Registration Statement that the Company or another offering
participant made a bona fide offer (within the meaning of Rule 164(h)(2)) of the Shares and (ii) at the date hereof,
the Company was not and is not an “ineligible issuer,” as defined in Rule 405, including (x) the Company
or any other subsidiary in the preceding three years not having been convicted of a felony or misdemeanor or having been made the
subject of a judicial or administrative decree or order as described in Rule 405 and (y) the Company in the preceding
three years not having been the subject of a bankruptcy petition or insolvency or similar proceeding, not having had a registration
statement be the subject of a proceeding under Section 8 of the Securities Act and not being the subject of a proceeding under
Section 8A of the Securities Act in connection with the offering of the Shares, all as described in Rule 405.

 

(e)            Conformity
with the Securities Act and Exchange Act. The Registration Statement, the Prospectus or any amendment or supplement thereto,
and the documents incorporated by reference in the Registration Statement, the Prospectus or any amendment or supplement thereto,
when such documents were or are filed with the Commission under the Securities Act or the Exchange Act or became or become effective
under the Securities Act, as the case may be, conformed or will conform in all material respects with the requirements of the Securities
Act and the Exchange Act, as applicable.

 

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(f)            Financial
Information. The consolidated financial statements of the Company included or incorporated by reference in the Registration
Statement and the Prospectus, together with the related notes and schedules, present fairly, in all material respects, the consolidated
financial position of the Company and the Subsidiaries (as defined below) as of the dates indicated and the consolidated results
of operations, cash flows and changes in stockholders’ equity of the Company for the periods specified and have been prepared
in compliance with the requirements of the Securities Act and Exchange Act and in conformity with U.S. generally accepted accounting
principles applied, except as otherwise set forth therein, on a consistent basis during the periods involved; the other financial
and statistical data with respect to the Company and the Subsidiaries contained or incorporated by reference in the Prospectus
are accurately and fairly presented and prepared on a basis consistent with the financial statements and books and records of the
Company; there are no financial statements (historical or pro forma) that are required to be included or incorporated by reference
in the Registration Statement or Prospectus that are not included or incorporated by reference as required; the Company and the
Subsidiaries do not have any material liabilities or obligations, direct or contingent (including any off-balance sheet obligations),
that are required to be described in the Registration Statement (excluding the exhibits thereto) and the Prospectus and are not
so described; and all disclosures contained or incorporated by reference in the Prospectus regarding “non-GAAP financial
measures” (as such term is defined by the rules and regulations of the Commission) comply with Regulation G of
the Exchange Act and Item 10 of Commission Regulation S-K, to the extent applicable.

 

(g)            Conformity
with EDGAR Filing. The Prospectus delivered to the Placement Agent for use in connection with the sale of the Shares pursuant
to the Transaction Documents will be identical to the versions of the Prospectus created to be transmitted to the Commission for
filing via EDGAR, except to the extent permitted by Regulation S-T.

 

(h)            Organization.
Each of the Company and its Subsidiaries is duly organized, validly existing as a corporation or other entity and in good standing
under the laws of its jurisdiction of organization, except, in the case of any Subsidiary, where the failure to be in good standing
would not, have a material adverse effect or would reasonably be expected to have a material adverse effect on or affecting the
assets, business, operations, earnings, properties, condition (financial or otherwise), prospects, stockholders’ equity or
results of operations of the Company and the Subsidiaries taken as a whole (a “Material Adverse Effect”). The
Company and each of its Subsidiaries is duly licensed or qualified as a foreign corporation or other entity for transaction of
business and in good standing under the laws of each other jurisdiction in which its ownership or lease of property or the conduct
of its business requires such license or qualification, and has all organizational power and authority necessary to own or hold
its properties and to conduct its business as described in the Prospectus, except where the failure to be so licensed or qualified
or in good standing or have such power or authority would not, individually or in the aggregate, have a Material Adverse Effect.

 

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(i)            Subsidiaries.
As of the date of this Agreement, the subsidiaries set forth on Schedule A hereto (collectively, the “Subsidiaries”)
are the Company’s only significant subsidiaries (as such term is defined in Rule 1-02 of Regulation S-X promulgated
by the Commission). Except as set forth in the Prospectus, the Company owns, directly or indirectly, all of the equity interests
of the Subsidiaries free and clear of any material lien, charge, security interest, encumbrance, right of first refusal or other
restriction, and all the equity interests of the Subsidiaries are validly issued and are fully paid, and in the case of Subsidiaries
that are corporations, nonassessable. Except as set forth in the Prospectus, no Subsidiary is currently subject to a direct or
indirect prohibition on paying any dividends to the Company, from making any other distribution on such Subsidiary’s capital
stock, from repaying to the Company any loans or advances to such Subsidiary from the Company or from transferring any of such
Subsidiary’s property or assets to the Company or any other Subsidiary of the Company that would, individually or in the
aggregate, have a Material Adverse Effect.

 

(j)            No
Violation or Default. Except as set forth in the Prospectus, neither the Company nor any of its Subsidiaries is (i) in
violation of its charter or by-laws or similar organizational documents; (ii) in default, and no event has occurred that,
with notice or lapse of time or both, would constitute such a default, in the due performance or observance of any term, covenant
or condition contained in any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which the
Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound or to which any of the
property or assets of the Company or any of its Subsidiaries are subject; or (iii) in violation of any law or statute or any
judgment, order, rule or regulation of any court or arbitrator or governmental or regulatory authority, except, in the case
of each of clauses (ii) and (iii) above, for any such violation or default that would not, individually or in the
aggregate, have a Material Adverse Effect. Except as set forth in the Prospectus, to the Company’s knowledge, no other party
under any material contract or other agreement to which it or any of its Subsidiaries is a party is in default in any respect thereunder
where such default would have a Material Adverse Effect.

 

(k)            No
Material Adverse Change. Subsequent to the respective dates as of which information is given in the Registration Statement
and the Prospectus, if any (including any document deemed incorporated by reference therein), there has not been (i) any
Material Adverse Effect, (ii) any transaction which is material to the Company and the Subsidiaries taken as a whole, (iii) any
obligation or liability, direct or contingent (including any off-balance sheet obligations), incurred by the Company or any Subsidiary,
which is material to the Company and the Subsidiaries taken as a whole and would be required to be described in the Prospectus,
(iv) any material change in the capital stock or outstanding long-term indebtedness of the Company or any of its Subsidiaries
or (v) any dividend or distribution of any kind declared, paid or made on the capital stock of the Company or any Subsidiary,
other than (a) in each case above in the ordinary course of business or as otherwise disclosed in the Prospectus (including
any document deemed incorporated by reference therein) and (b) in the case of (iv) or (v), transactions between or among
the Company and one or more of its directly or indirectly wholly-owned subsidiaries, option grants and exercises and other transactions
pursuant to the Company’s equity compensation plans and payments of dividends on or the conversion of shares of the Company’s
Series C Convertible Preferred Stock, par value $0.01 per share (the “Series C Preferred Stock”).

 

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(l)            Capitalization.
The issued and outstanding shares of capital stock of the Company have been validly issued, are fully paid and nonassessable and,
other than as disclosed in the Prospectus, are not subject to any preemptive rights, rights of first refusal or similar rights.
The Company has an authorized, issued and outstanding equity capitalization as set forth in the Prospectus as of the dates referred
to therein (the issued and outstanding equity capitalization as of any date being subject to option grants and exercises, conversions
of preferred stock of the Company to Common Stock, and other transactions pursuant to the Company’s equity compensation plans,
organizational or governing documents of the Company, and sales of the Shares hereunder) and such authorized capital stock conforms
in all material respects to the description thereof set forth in the Prospectus. The description of the securities of the Company
in the Prospectus is complete and accurate in all material respects. Except as disclosed in or contemplated by the Prospectus,
as of the date referred to therein, the Company does not have outstanding any options to purchase, or any rights or warrants to
subscribe for, or any securities or obligations convertible into, or exchangeable for, or any contracts or commitments to issue
or sell, any shares of capital stock or other securities, other than options and other awards granted under the Company’s
equity compensation plans and as may be issued pursuant to the terms of the Series C Preferred Stock.

 

(m)            Authorization;
Enforceability. The Company has full corporate power and authority to enter into this Agreement and perform the transactions
contemplated hereby. This Agreement has been duly authorized, executed and delivered by the Company and is a legal, valid and binding
agreement of the Company enforceable in accordance with its terms, except to the extent that enforceability may be limited by bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and by general equitable principles.

 

(n)            Authorization
of the Shares. The Shares, when issued and delivered pursuant to the terms approved by the board of directors of the Company
or a duly authorized committee thereof, or a duly authorized executive committee, against payment therefor as provided herein,
will be duly and validly authorized and issued and fully paid and nonassessable, free and clear of any pledge, lien, encumbrance,
security interest or other claim, including any statutory or contractual preemptive rights (except for preemptive rights disclosed
in the Prospectus), rights of first refusal or other similar rights, and will be registered pursuant to Section 12 of the
Exchange Act. The Shares, when issued, will conform in all material respects to the description thereof set forth in or incorporated
into the Prospectus.

 

(o)            No
Consents Required. No consent, approval, authorization, order, registration or qualification of or with any court or arbitrator
or governmental or regulatory authority is required for the execution, delivery and performance by the Company of the Transaction
Documents and the issuance and sale by the Company of the Shares, except for such consents, approvals, authorizations, orders and
registrations or qualifications as have already been obtained or as may be required under applicable state securities or other
blue-sky laws or by the by-laws and rules of the Financial Industry Regulatory Authority (“FINRA”) or NASDAQ
in connection with the sale of the Shares by the Placement Agent.

 

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(p)            No
Preferential Rights. Except as set forth in the Prospectus, (i) no person, as such term is defined in Rule 1-02 of
Regulation S-X promulgated under the Securities Act (each, a “Person”), has the right, contractual or otherwise,
to cause the Company to issue or sell to such Person any Common Stock or shares of any other capital stock or other securities
of the Company other than pursuant to grants under the Company’s equity compensation plans, (ii) no Person has any preemptive
rights, resale rights, rights of first refusal, rights of co-sale, or any other rights (whether pursuant to a “poison pill”
provision or otherwise) to purchase any Common Stock or shares of any other capital stock or other securities of the Company, (iii) no
Person has the right to act as an underwriter or as a financial advisor to the Company in connection with the offer and sale of
the Shares, and (iv) no Person has the right, contractual or otherwise, to require the Company to register under the Securities
Act any Common Stock or shares of any other capital stock or other securities of the Company, or to include any such shares or
other securities in the Registration Statement or the offering contemplated thereby, whether as a result of the filing or effectiveness
of the Registration Statement or the sale of the Shares as contemplated thereby or otherwise.

 

(q)            Independent
Public Accounting Firm. Deloitte & Touche LLP, whose report on the consolidated financial statements of the Company
is filed with the Commission as part of the Company’s most recent annual report on Form 10-K filed with the Commission
and incorporated by reference into the Registration Statement and the Prospectus, is and, during the periods covered by its report,
was an independent registered public accounting firm within the meaning of the Securities Act and the Public Company Accounting
Oversight Board (United States). To the Company’s knowledge, Deloitte & Touche LLP is not in violation of the auditor
independence requirements of the Sarbanes-Oxley Act with respect to the Company.

 

(r)            Enforceability
of Agreements. All agreements between the Company and third parties expressly referenced in the Prospectus are, except as would
not have a Material Adverse Effect, legal, valid and binding obligations of the Company enforceable in accordance with their respective
terms, except to the extent that (i) enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or
similar laws affecting creditors’ rights generally and by general equitable principles and (ii) the indemnification
provisions of certain agreements may be limited by federal or state securities laws or public policy considerations in respect
thereof.

 

(s)            No
Litigation. Except as set forth in the Prospectus, there are no legal, governmental or regulatory actions, suits or proceedings
pending, nor, to the Company’s knowledge, any legal, governmental or regulatory audits or investigations, to which the Company
or a Subsidiary is a party or to which any property of the Company or any of its Subsidiaries is the subject, that in each case,
individually or in the aggregate, would have a Material Adverse Effect and, to the Company’s knowledge, no such actions,
suits or proceedings are threatened or contemplated by any governmental or regulatory authority or threatened by others. There
are no current or pending legal, governmental or regulatory audits or investigations, actions, suits or proceedings that are required
under the Securities Act to be described in the Prospectus that are not so described and there are no contracts or other documents
that are required under the Securities Act to be filed as exhibits to the Registration Statement that are not so filed.

 

    	 	12	 

     

    

 

(t)            Intellectual
Property. Except as disclosed in the Prospectus, the Company and its Subsidiaries own, possess, license or have other rights
to use all foreign and domestic patents, patent applications, trade and service marks, trade and service mark registrations, trade
names, copyrights, licenses, inventions, trade secrets, technology, Internet domain names, know-how and other intellectual
property (collectively, the “Intellectual Property”) necessary for the conduct of their respective businesses
as now conducted except to the extent that the failure to own, possess, license or otherwise hold adequate rights to use such Intellectual
Property would not, individually or in the aggregate, have a Material Adverse Effect. Except as disclosed in the Prospectus, (i) there
are no rights of third parties to any such Intellectual Property owned by the Company and its Subsidiaries; (ii) to the Company’s
knowledge, there is no infringement by third parties of any such Intellectual Property; (iii) there is no pending or, to the
Company’s knowledge, threatened action, suit, proceeding or claim by others challenging the Company’s and its Subsidiaries’
rights in or to any such Intellectual Property; (iv) there is no pending or, to the Company’s knowledge, threatened
action, suit, proceeding or claim by others challenging the validity or scope of any such Intellectual Property; (v) there
is no pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by others that the Company and
its Subsidiaries infringe or otherwise violate any patent, trademark, copyright, trade secret or other proprietary rights of others;
(vi) to the Company’s knowledge, there is no third-party U.S. patent or published U.S. patent application which contains
claims for which an Interference Proceeding (as defined in 35 U.S.C. § 135) has been commenced against any patent or
patent application described in the Prospectus as being owned by or licensed to the Company; and (vii) the Company and its
Subsidiaries have complied with the terms of each agreement pursuant to which Intellectual Property has been licensed to the Company
or such Subsidiary, and all such agreements are in full force and effect, except, in the case of any of clauses (i)-(vii) above,
as would not, individually or in the aggregate, result in a Material Adverse Effect.

 

(u)            No
Material Defaults. Neither the Company nor any of the Subsidiaries has defaulted on any installment on indebtedness for borrowed
money or on any rental on one or more long-term leases, which defaults, individually or in the aggregate, would have a Material
Adverse Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the Exchange Act since
the filing of its last annual report on Form 10-K, indicating that it (i) has failed to pay any dividend or sinking fund
installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental
on one or more long-term leases, which defaults, individually or in the aggregate, would have a Material Adverse Effect.

 

    	 	13	 

     

    

 

(v)            Certain
Market Activities. Neither the Company, nor any of the Subsidiaries, nor, to the Company’s knowledge, any of their respective
directors, officers or controlling persons has taken, directly or indirectly, any unlawful action designed, or that has constituted
or might reasonably be expected to cause or result in, under the Exchange Act or otherwise, the stabilization or manipulation of
the price of any security of the Company to facilitate the sale or resale of the Shares.

 

(w)            Broker/Dealer
Relationships. Neither the Company nor any of the Subsidiaries (i) is required to register as a “broker” or
 “dealer” in accordance with the provisions of the Exchange Act or (ii) directly or indirectly through one or more
intermediaries, controls or is a “person associated with a member” or “associated person of a member” (within
the meaning set forth in the FINRA Manual).

 

(x)            Taxes.
The Company and each of its Subsidiaries have filed all federal, state, local and foreign tax returns which have been required
to be filed and paid all taxes shown thereon through the date hereof, to the extent that such taxes have become due and are not
being contested in good faith, except where the failure to so file or pay would not have a Material Adverse Effect. Except as otherwise
disclosed in or contemplated by the Prospectus, no tax deficiency has been determined adversely to the Company or any of its Subsidiaries
which has had, or would have, individually or in the aggregate, a Material Adverse Effect. Except as set forth in the Prospectus,
the Company has no knowledge of any federal, state or other governmental tax deficiency, penalty or assessment which has been or
is reasonably likely to be asserted or threatened against it which would have a Material Adverse Effect.

 

(y)            Title
to Real and Personal Property. Except as set forth in the Prospectus, the Company and its Subsidiaries have valid and defensible
title, in accordance with customary industry standards for companies of comparable size, to substantially all their respective
interests in natural gas and oil properties leased or owned by them, good and marketable title in fee simple to all other items
of real property owned by them, good and valid title to all personal property described in the Prospectus as being owned by them
that are material to the businesses of the Company or such Subsidiary, in each case free and clear of all liens, encumbrances and
claims (other than under joint operating and other agreements and arrangements customary in the oil and gas industry), except those
matters that (i) do not materially interfere with the use made and proposed to be made of such property by the Company and
any of its Subsidiaries or (ii) would not, individually or in the aggregate, have a Material Adverse Effect. Other than oil
and gas properties, any real or personal property described in the Prospectus as being leased by the Company and any of its Subsidiaries
is held by them under valid, existing and enforceable leases, except those that (A) do not materially interfere with the use
made or proposed to be made of such property by the Company or any of its Subsidiaries or (B) would not be reasonably expected,
individually or in the aggregate, to have a Material Adverse Effect. Each of the properties of the Company and its Subsidiaries
complies with all applicable codes, laws and regulations (including, without limitation, building and zoning codes, laws and regulations
and laws relating to access to such properties), except if and to the extent disclosed in the Prospectus or except for such failures
to comply that would not, individually or in the aggregate, reasonably be expected to interfere in any material respect with the
use made and proposed to be made of such property by the Company and its Subsidiaries or otherwise have a Material Adverse Effect.
Except as set forth in the Prospectus, none of the Company or its Subsidiaries has received from any governmental or regulatory
authorities any notice of any condemnation of, or zoning change affecting, the properties of the Company and its Subsidiaries,
and the Company knows of no such condemnation or zoning change which is threatened, in each case except for such that would not
reasonably be expected to interfere in any material respect with the use made and proposed to be made of such property by the Company
and its Subsidiaries or otherwise have a Material Adverse Effect, individually or in the aggregate. The Company and each of its
Subsidiaries have such consents, easements, rights of way or licenses from any person (collectively, “rights-of-way”)
as are necessary to enable the Company and each of its Subsidiaries to conduct its business in the manner described in the Prospectus,
subject to such qualifications as may be set forth in the Prospectus, and except for such rights-of-way the lack of which would
not have, individually or in the aggregate, a Material Adverse Effect or would reasonably be expected to be granted in the future
in the ordinary course of business.

 

    	 	14	 

     

    

 

(z)            Environmental
Laws. Except as set forth in the Prospectus, the Company and its Subsidiaries (i) are in compliance with any and all applicable
federal, state, local and foreign laws, rules, regulations, decisions and orders relating to the protection of human health and
safety, the environment or hazardous or toxic substances or wastes, pollutants or contaminants (collectively, “Environmental
Laws”); (ii) have received and are in compliance with all permits, licenses or other approvals required of them
under applicable Environmental Laws to conduct their respective businesses as described in the Prospectus, other than permits expected
to be granted in the future in the ordinary course of business or as otherwise described in the Prospectus; and (iii) have
not received notice of any actual or potential liability for the investigation or remediation of any disposal or release of hazardous
or toxic substances or wastes, pollutants or contaminants, except, in the case of any of clauses (i), (ii) or (iii) above,
for any such failure to comply or failure to receive required permits, licenses, other approvals or liability as would not, individually
or in the aggregate, have a Material Adverse Effect.

 

(aa)          Internal
and Disclosure Controls. The Company and its Subsidiaries maintain a system of internal accounting controls designed to provide
reasonable assurance that (i) transactions are executed in accordance with management’s general or specific authorizations;
(ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted
accounting principles and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s
general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at
reasonable intervals and appropriate action is taken with respect to any differences. The Company’s internal control over
financial reporting is effective and the Company is not aware of any material weaknesses in its internal control over financial
reporting (other than as set forth in the Prospectus) (it being understood that as of the date of this Agreement, the Company
has not completed its assessment of its internal control over financial reporting as of December 31, 2019). Since the date
of the latest audited financial statements of the Company included in the Prospectus, there has been no change in the Company’s
internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Company’s
internal control over financial reporting that is required to be disclosed in the documents incorporated by reference into the
Prospectus and the Registration Statement that is not so disclosed. The Company has established disclosure controls and procedures
(as defined in Exchange Act Rules 13a-15 and 15d-15) for the Company and designed such disclosure controls and procedures
to ensure that material information relating to the Company and each of its Subsidiaries is made known to the certifying officers
by others within those entities, particularly during the period in which the Company’s annual report on Form 10-K or
quarterly report on Form 10-Q, as the case may be, is being prepared. The Company’s certifying officers have evaluated
the effectiveness of the Company’s controls and procedures as of a date within 90 days prior to the filing date of the most
recent annual report on Form 10-K filed with the Commission (such date, the “Evaluation Date”). The Company
presented in its most recent annual report on Form 10-K filed with the Commission the conclusions of the certifying officers
about the effectiveness of the disclosure controls and procedures based on their evaluations as of the Evaluation Date and the
disclosure controls and procedures are effective.

 

    	 	15	 

     

    

 

(bb)          Sarbanes-Oxley
Act. There is and has been no failure on the part of the Company or any of the Company’s directors or officers, in their
capacities as such, to comply in all material respects with any applicable provisions of the Sarbanes-Oxley Act and the rules and
regulations promulgated thereunder.

 

(cc)           Finder’s
Fees. Neither the Company nor any of the Subsidiaries has incurred any liability for any finder’s fees, brokerage commissions
or similar payments in connection with the transaction herein contemplated, except as may otherwise exist with respect to the
Placement Agent pursuant to this Agreement.

 

(dd)           Labor
Disputes. No labor disturbance by or dispute with employees of the Company or any of its Subsidiaries exists or, to the knowledge
of the Company, is threatened which would result in a Material Adverse Effect.

 

(ee)           Investment
Company Act. The Company is not, and immediately after giving effect to the offering and sale of the Shares, will not be,
an “investment company” as that term is defined in the Investment Company Act of 1940, as amended (the “Investment
Company Act”).

 

(ff)            Operations.
The operations of the Company and its Subsidiaries are and have been conducted at all times in compliance with applicable financial
record keeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money
laundering statutes of all jurisdictions to which the Company or its Subsidiaries are subject, the rules and regulations
thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency
(collectively, the “Money Laundering Laws”), except in each case as would not result in a Material Adverse
Effect; and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving
the Company or any of its Subsidiaries with respect to the Money Laundering Laws is pending or, to the knowledge of the Company,
threatened.

 

    	 	16	 

     

    

 

(gg)          Off-Balance
Sheet Arrangements. There are no “off-balance sheet arrangements” (as defined in Item 303(a)(iv)(2) of Commission
Regulation S-K) between and/or among the Company and/or, to the knowledge of the Company, any of its Affiliates and any unconsolidated
entity, including, but not limited to, any structural finance, special purpose or limited purpose entity required to be described
in the Prospectus which have not been described as required.

 

(hh)          ERISA.
To the knowledge of the Company and except as disclosed in the Prospectus, each material employee benefit plan, within the meaning
of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), that
is maintained, administered or contributed to by the Company or any of its Affiliates for employees or former employees of the
Company and any of its Subsidiaries has been maintained in material compliance with its terms and the requirements of any applicable
statutes, orders, rules and regulations, including, but not limited to, ERISA and the Internal Revenue Code of 1986, as amended
(the “Code”); no prohibited transaction, within the meaning of Section 406 of ERISA or Section 4975
of the Code, has occurred which would result in a material liability to the Company with respect to any such plan excluding transactions
effected pursuant to a statutory or administrative exemption; and for each such plan that is subject to the funding rules of
Section 412 of the Code or Section 302 of ERISA, no “accumulated funding deficiency” as defined in Section 412
of the Code has been incurred, whether or not waived, and the fair market value of the assets of each such plan (excluding for
these purposes accrued but unpaid contributions) exceeds the present value of all benefits accrued under such plan determined
using reasonable actuarial assumptions, except as would not result in a material liability of the Company or any of its Subsidiaries.

 

(ii)            Forward-Looking
Statements. No forward-looking statement (within the meaning of Section 27A of the Securities Act and Section 21E
of the Exchange Act) (a “Forward-Looking Statement”) contained in the Prospectus has been made or reaffirmed
without a reasonable basis or has been disclosed other than in good faith. The Forward-Looking Statements incorporated by reference
in the Prospectus from the Company’s annual report on Form 10-K for the fiscal year most recently ended were made by
the Company with a reasonable basis and in good faith and reflect the Company’s good faith commercially reasonable best estimate
of the matters described therein.

 

(jj)            Margin
Rules. Neither the issuance, sale and delivery of the Shares nor the application of the proceeds thereof by the Company as
described in the Prospectus will violate Regulation T, U or X of the Board of Governors of the Federal Reserve System or any
other regulation of such Board of Governors.

 

(kk)           Insurance.
The Company and each of its Subsidiaries carry, or are covered by, insurance in such amounts and covering such risks as the Company
and each of its Subsidiaries reasonably believe are adequate for the conduct of their properties and as is customary for companies
engaged in similar businesses of comparable size in similar industries.

 

    	 	17	 

     

    

 

(ll)            No
Improper Practices. (i) Neither the Company nor, to the Company’s knowledge, the Subsidiaries, nor to the Company’s
knowledge, any of their respective executive officers has, in the past five years, made any unlawful contributions to any candidate
for any political office (or failed fully to disclose any contribution in violation of law) or made any contribution or other payment
to any official of, or candidate for, any federal, state, municipal, or foreign office or other person charged with similar public
or quasi-public duty in violation of any law or of the character required to be disclosed in the Prospectus; (ii) no relationship,
direct or indirect, exists between or among the Company or, to the Company’s knowledge, any Subsidiary or any affiliate of
any of them, on the one hand, and the directors, officers and stockholders of the Company or, to the Company’s knowledge,
any Subsidiary, on the other hand, that is required by the Securities Act to be described in the Prospectus that is not so described;
(iii) no relationship, direct or indirect, exists between or among the Company or any Subsidiary or any affiliate of them,
on the one hand, and the directors, officers, or stockholders of the Company or, to the Company’s knowledge, any Subsidiary,
on the other hand, that is required by the rules of FINRA to be described in the Prospectus that is not so described; (iv) except
as described in the Prospectus, there are no material outstanding loans or advances or material guarantees of indebtedness by the
Company or, to the Company’s knowledge, any Subsidiary to or for the benefit of any of their respective officers or directors
or any of the members of the families of any of them that would constitute a violation of the Sarbanes-Oxley Act or would require
disclosure in the Prospectus; (v) the Company has not offered, or caused any placement agent to offer, Common Stock to any
person with the intent to influence unlawfully (A) a customer or supplier of the Company or any Subsidiary to alter the customer’s
or supplier’s level or type of business with the Company or any Subsidiary or (B) a trade journalist or publication
to write or publish favorable information about the Company or any Subsidiary or any of their respective products or services;
(vi) neither the Company nor any Subsidiary nor, to the Company’s knowledge, any employee or agent of the Company or
any Subsidiary has made any payment of funds of the Company or any Subsidiary or received or retained any funds in violation of
any law, rule or regulation (including, without limitation, the Foreign Corrupt Practices Act of 1977), which payment, receipt
or retention of funds is of a character required to be disclosed in the Prospectus; and (vii) neither the Company or any Subsidiary
will use, directly or indirectly, the proceeds of the offering in furtherance of an offer, payment, promise to pay, or authorization
of the payment or giving of money, or anything else of value, to any person in violation of any applicable anti-corruption laws.

 

(mm)        Status
Under the Securities Act. The Company was not and is not an ineligible issuer as defined in Rule 405 under the Securities
Act at the times specified in Rules 164 and 433 under the Securities Act in connection with the offering of the Shares.

 

(nn)          No
Conflicts. Neither the execution of the Transaction Documents, nor the issuance, offering or sale of the Shares, nor the consummation
of any of the transactions contemplated herein, nor the compliance by the Company with the terms and provisions hereof will conflict
with, or will result in a breach of, any of the terms and provisions of, or has constituted or will constitute a default under,
or has resulted in or will result in the creation or imposition of any lien, charge or encumbrance upon any property or assets
of the Company pursuant to the terms of any contract or other agreement to which the Company may be bound or to which any of the
property or assets of the Company is subject, except (i) such conflicts, breaches or defaults as may have been waived and
(ii) such conflicts, breaches and defaults that would not have a Material Adverse Effect; nor will such action result (x) in
any violation of the provisions of the organizational or governing documents of the Company, or (y) in any material violation
of the provisions of any statute or any order, rule or regulation applicable to the Company or of any court or of any federal,
state or other regulatory authority or other government body having jurisdiction over the Company.

 

    	 	18	 

     

    

 

(oo)          Sanctions.
(i) The Company represents that neither the Company nor any of its Subsidiaries (collectively, the “Entity”)
or, to the knowledge of the Company, any director, officer, employee, agent, controlled affiliate or representative of the Entity,
is a government, individual, or entity (in this paragraph (rr), “Person”) that is, or is owned or controlled
by a Person that is:

 

(A)            the
subject of any sanctions administered or enforced by the U.S. Department of Treasury’s Office of Foreign Assets Control,
the United Nations Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority with
jurisdiction over the Entity (collectively, “Sanctions”), nor

 

(B)            located,
organized or resident in a country or territory that is the subject of Sanctions (including, without limitation, Crimea, Cuba, Iran,
North Korea and Syria).

 

(ii)            The
Entity represents and covenants that it will not knowingly, directly or indirectly, use the proceeds of the offering of the Shares,
or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other Person:

 

(A)            to
fund or facilitate any activities or business of or with any Person or in any country or territory that, at the time of such funding
or facilitation, is the subject of Sanctions; or

 

(B)            in
any other manner that will result in a violation of Sanctions by any Person (including any Person participating in the offering,
whether as underwriter, advisor, investor or otherwise).

 

(iii)            The
Entity represents and covenants that, except as detailed in the Registration Statement and the Prospectus, for the past five years,
it has not knowingly engaged in, is not now knowingly engaged in, and will not knowingly engage in, any dealings or transactions
with any Person, or in any country or territory, that at the time of the dealing or transaction is or was the subject of Sanctions
in a manner that constituted or constitutes a violation of law.

 

    	 	19	 

     

    

 

(pp)          Stock
Transfer Taxes. On the Closing Date, all stock transfer or other taxes (other than income taxes) which are required to be
paid in connection with the sale and transfer of the Shares to be sold hereunder will be, or will have been, fully paid or provided
for by the Company and all laws imposing such taxes will be or will have been complied with in all material respects.

 

(qq)          Possession
of Licenses and Permits. The Company and its Subsidiaries possess, and are in compliance with the terms of, all adequate certificates,
authorizations, franchises, licenses and permits (“Licenses”) necessary or material to the conduct of the business
now conducted or proposed in the Prospectus to be conducted by them and have not received any notice of proceedings relating to
the revocation or modification of any Licenses that would individually or in the aggregate have a Material Adverse Effect, in
each case other than (i) Licenses expected to be granted in the future in the course of pursuing the Company’s development
plan or (ii) Licenses, the failure of which to obtain would not have a Material Adverse Effect.

 

(rr)            Accurate
Disclosure. The statements in the Prospectus under the headings “Material United States Federal Income Tax Considerations
to Non-U.S. Holders,” “Description of Our Capital Stock” and “Legal Matters,” insofar as such statements
summarize legal matters, agreements, documents or proceedings discussed therein, are accurate and fair summaries of such legal
matters, agreements, documents or proceedings and present the information required to be shown.

 

(ss)           Independent
Petroleum Engineers. Netherland, Sewell & Associates, Inc., which has certified the reserve information of the
Company and its subsidiaries, has represented to the Company that it is, and to the knowledge of the Company is, an independent
petroleum engineering firm in accordance with guidelines established by the Commission.

 

(tt)            Reserve
Report Data. The oil and gas reserve estimates of the Company and its subsidiaries included or incorporated by reference in
the Registration Statement, the Prospectus have been prepared or audited by independent reserve engineers in accordance with Commission
guidelines applied on a consistent basis throughout the periods involved, and the Company has no reason to believe that such estimates
do not fairly reflect the oil and gas reserves of the Company and its subsidiaries as of the dates indicated. Other than production
of the reserves in the ordinary course of business, intervening product price fluctuations and as described in the Registration
Statement, the Prospectus, the Company is not aware of any facts or circumstances that would have a Material Adverse Effect on
the reserves or the present value of future net cash flows therefrom as described in the Registration Statement, the Prospectus.

 

3.2            Representations
and Warranties of the Purchasers. Each Purchaser, for itself and for no other Purchaser, hereby represents and warrants as
of the date hereof and as of the Closing Date to the Company as follows (unless as of a specific date therein, in which case they
shall be accurate as of such date):

 

    	 	20	 

     

    

 

(a)            Organization;
Authority. Such Purchaser is either an individual or an entity duly incorporated or formed, validly existing and in good standing
under the laws of the jurisdiction of its incorporation or formation with full right, corporate, partnership limited liability
company or similar power and authority to enter into and to consummate the transactions contemplated by the Transaction Documents
and otherwise to carry out its obligations hereunder and thereunder. The execution and delivery of the Transaction Documents and
performance by such Purchaser of the transactions contemplated by the Transaction Documents have been duly authorized by all necessary
corporate, partnership, limited liability company or similar action, as applicable, on the part of such Purchaser. Each Transaction
Document to which it is a party has been duly executed by such Purchaser, and when delivered by such Purchaser in accordance with
the terms hereof, will constitute the valid and legally binding obligation of such Purchaser, enforceable against it in accordance
with its terms, except: (i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization,
moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited
by laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (iii) insofar
as indemnification and contribution provisions may be limited by applicable law.

 

(b)            Understandings
or Arrangements. Such Purchaser is acquiring the Shares as principal for its own account and has no direct or indirect arrangement
or understandings with any other persons to distribute or regarding the distribution of such Shares (this representation and warranty
not limiting such Purchaser’s right to sell the Shares pursuant to the Registration Statement or otherwise in compliance
with applicable federal and state securities laws). Such Purchaser is acquiring the Shares hereunder in the ordinary course of
its business.

 

(c)            Purchaser
Status. At the time such Purchaser was offered the Shares, it was, and as of the date hereof it is an “accredited investor”
as defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7) or (a)(8) under the Securities Act.

 

(d)            Experience
of Such Purchaser. Such Purchaser, either alone or together with its representatives, has such knowledge, sophistication and
experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment
in the Shares, and has so evaluated the merits and risks of such investment. Such Purchaser is able to bear the economic risk of
an investment in the Shares and, at the present time, is able to afford a complete loss of such investment.

 

(e)            Access
to Information. Such Purchaser acknowledges that it has had the opportunity to review the Transaction Documents (including
all exhibits and schedules thereto) and the SEC Reports and has been afforded, (i) the opportunity to ask such questions as
it has deemed necessary of, and to receive answers from, representatives of the Company concerning the terms and conditions of
the offering of the Shares and the merits and risks of investing in the Shares; (ii) access to information about the Company
and its financial condition, results of operations, business, properties, management and prospects sufficient to enable it to evaluate
its investment; and (iii) the opportunity to obtain such additional information that the Company possesses or can acquire
without unreasonable effort or expense that is necessary to make an informed investment decision with respect to the investment. 
Such Purchaser acknowledges and agrees that neither the Placement Agent nor any Affiliate of the Placement Agent has provided such
Purchaser with any information or advice with respect to the Shares nor is such information or advice necessary or desired. 
Neither the Placement Agent nor any Affiliate has made or makes any representation as to the Company or the quality of the Shares
and the Placement Agent and any Affiliate may have acquired non-public information with respect to the Company which such Purchaser
agrees need not be provided to it.  In connection with the issuance of the Shares to such Purchaser, neither the Placement
Agent nor any of its Affiliates has acted as a financial advisor or fiduciary to such Purchaser.

 

    	 	21	 

     

    

 

(f)            Certain
Transactions and Confidentiality. Other than consummating the transactions contemplated hereunder, such Purchaser has not,
nor has any Person acting on behalf of or pursuant to any understanding with such Purchaser, directly or indirectly executed any
purchases or sales, including Short Sales, of the securities of the Company during the period commencing as of the time that
such Purchaser first received a term sheet (written or oral) from the Company or any other Person representing the Company setting
forth the material terms of the transactions contemplated hereunder and ending immediately prior to the execution hereof. Notwithstanding
the foregoing, in the case of a Purchaser that is a multi-managed investment vehicle whereby separate portfolio managers manage
separate portions of such Purchaser’s assets and the portfolio managers have no direct knowledge of the investment decisions
made by the portfolio managers managing other portions of such Purchaser’s assets, the representation set forth above shall
only apply with respect to the portion of assets managed by the portfolio manager that made the investment decision to purchase
the Shares covered by the Transaction Documents. Other than to other Persons party to this Agreement or to such Purchaser’s
representatives, including, without limitation, its officers, directors, partners, legal and other advisors, employees, agents
and Affiliates, such Purchaser has maintained the confidentiality of all disclosures made to it in connection with this transaction
(including the existence and terms of this transaction).

 

The Company acknowledges and agrees that
the representations contained in this Section 3.2 shall not modify, amend or affect such Purchaser’s right to rely on
the Company’s representations and warranties contained in this Agreement or any representations and warranties contained
in any other Transaction Document or any other document or instrument executed and/or delivered in connection with this Agreement
or the consummation of the transactions contemplated hereby.

 

ARTICLE IV.

OTHER AGREEMENTS OF THE PARTIES

 

4.1            Integration.
The Company shall not sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security (as defined
in Section 2 of the Securities Act) that would be integrated with the offer or sale of the Shares for purposes of the rules and
regulations of any Trading Market such that it would require shareholder approval prior to the closing of such other transaction
unless shareholder approval is obtained before the closing of such other transaction.

 

    	 	22	 

     

    

 

4.2            Securities
Laws Disclosure; Publicity. The Company shall (a) by the Disclosure Time, issue a press release disclosing the material
terms of the transactions contemplated hereby, and (b) file a Current Report on Form 8-K, including the Transaction Documents
as exhibits thereto, with the Commission within the time required by the Exchange Act. From and after the issuance of such press
release, the Company represents to the Purchasers that it shall have publicly disclosed all material, non-public information delivered
to any of the Purchasers by the Company or any of its Subsidiaries, or any of their respective officers, directors, employees or
agents in connection with the transactions contemplated by the Transaction Documents. In addition, effective upon the issuance
of such press release, the Company acknowledges and agrees that any and all confidentiality or similar obligations under any agreement,
whether written or oral, between the Company, any of its Subsidiaries or any of their respective officers, directors, agents, employees
or Affiliates on the one hand, and any of the Purchasers or any of their Affiliates on the other hand, shall terminate. The Company
and each Purchaser shall consult with each other in issuing any other press releases with respect to the transactions contemplated
hereby, and neither the Company nor any Purchaser shall issue any such press release nor otherwise make any such public statement
without the prior consent of the Company, with respect to any press release of any Purchaser, or without the prior consent of each
Purchaser, with respect to any press release of the Company, which consent shall not unreasonably be withheld or delayed, except
if such disclosure is required by law. Notwithstanding the foregoing, the Company shall not publicly disclose the name of any Purchaser,
or include the name of any Purchaser in any filing with the Commission or any regulatory agency or Trading Market, without the
prior written consent of such Purchaser, except (a) as required by federal securities law in connection with the filing of
final Transaction Documents with the Commission and (b) to the extent such disclosure is required by law or Trading Market
regulations, in which case the Company shall provide the Purchasers with prior notice of such disclosure permitted under this clause
(b).

 

4.3            Shareholder
Rights Plan. No claim will be made or enforced by the Company or, with the consent of the Company, any other Person, that any
Purchaser is an “Acquiring Person” under any control share acquisition, business combination, poison pill (including
any distribution under a rights agreement) or similar anti-takeover plan or arrangement in effect or hereafter adopted by the Company,
or that any Purchaser could be deemed to trigger the provisions of any such plan or arrangement, by virtue of receiving Shares
under the Transaction Documents or under any other agreement between the Company and the Purchasers.

 

4.4            Non-Public
Information. Except with respect to the material terms and conditions of the transactions contemplated by the Transaction Documents,
which shall be disclosed pursuant to Section 4.2, the Company covenants and agrees that neither it, nor any other Person acting
on its behalf will provide any Purchaser or its agents or counsel with any information that constitutes, or the Company reasonably
believes constitutes, material non-public information, unless prior thereto such Purchaser shall have consented to the receipt
of such information and agreed with the Company to keep such information confidential. The Company understands and confirms that
each Purchaser shall be relying on the foregoing covenant in effecting transactions in securities of the Company. To the extent
that the Company delivers any material, non-public information to a Purchaser without such Purchaser’s consent, the Company
hereby covenants and agrees that such Purchaser shall not have any duty of confidentiality to the Company, any of its Subsidiaries,
or any of their respective officers, directors, agents, employees or Affiliates, or a duty to the Company, any of its Subsidiaries
or any of their respective officers, directors, agents, employees or Affiliates not to trade on the basis of, such material, non-public
information, provided that the Purchaser shall remain subject to applicable law. To the extent that any notice provided pursuant
to any Transaction Document constitutes, or contains, material, non-public information regarding the Company or any Subsidiaries,
the Company shall simultaneously file such notice with the Commission pursuant to a Current Report on Form 8-K. The Company
understands and confirms that each Purchaser shall be relying on the foregoing covenant in effecting transactions in securities
of the Company.

 

    	 	23	 

     

    

 

4.5            Use
of Proceeds. The Company shall use the net proceeds from the sale of the Shares hereunder for working capital purposes and
shall not use such proceeds: (a) for the redemption of any Common Stock or Common Stock Equivalents, (b) for the settlement
of any outstanding litigation or (c) in violation of FCPA or OFAC regulations.

 

4.6            Indemnification
of Purchasers. Subject to the provisions of this Section 4.6, the Company will indemnify and hold each Purchaser and its
directors, officers, shareholders, members, partners, employees and agents (and any other Persons with a functionally equivalent
role of a Person holding such titles notwithstanding a lack of such title or any other title), each Person who controls such Purchaser
(within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act), and the directors, officers,
shareholders, agents, members, partners or employees (and any other Persons with a functionally equivalent role of a Person holding
such titles notwithstanding a lack of such title or any other title) of such controlling persons (each, a “Purchaser Party”)
harmless from any and all losses, liabilities, obligations, claims, contingencies, damages, costs and expenses, including all judgments,
amounts paid in settlements, court costs and reasonable attorneys’ fees and costs of investigation that any such Purchaser
Party may suffer or incur as a result of or relating to (a) any breach of any of the representations, warranties, covenants
or agreements made by the Company in this Agreement or in the other Transaction Documents or (b) any action instituted against
the Purchaser Parties in any capacity, or any of them or their respective Affiliates, by any stockholder of the Company who is
not an Affiliate of such Purchaser Party, with respect to any of the transactions contemplated by the Transaction Documents (unless
such action is solely based upon a material breach of such Purchaser Party’s representations, warranties or covenants under
the Transaction Documents or any agreements or understandings such Purchaser Party may have with any such stockholder or any violations
by such Purchaser Party of state or federal securities laws or any conduct by such Purchaser Party which is finally judicially
determined to constitute fraud, gross negligence or willful misconduct). If any action shall be brought against any Purchaser Party
in respect of which indemnity may be sought pursuant to this Agreement, such Purchaser Party shall promptly notify the Company
in writing, and the Company shall have the right to assume the defense thereof with counsel of its own choosing reasonably acceptable
to the Purchaser Party. Any Purchaser Party shall have the right to employ separate counsel in any such action and participate
in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Purchaser Party except to the
extent that (i) the employment thereof has been specifically authorized by the Company in writing, (ii) the Company has
failed after a reasonable period of time to assume such defense and to employ counsel or (iii) in such action there is, in
the reasonable opinion of counsel, a material conflict on any material issue between the position of the Company and the position
of such Purchaser Party, in which case the Company shall be responsible for the reasonable fees and expenses of no more than one
such separate counsel. The Company will not be liable to any Purchaser Party under this Agreement (y) for any settlement by
a Purchaser Party effected without the Company’s prior written consent, which shall not be unreasonably withheld or delayed;
or (z) to the extent, but only to the extent that a loss, claim, damage or liability is attributable to any Purchaser Party’s
breach of any of the representations, warranties, covenants or agreements made by such Purchaser Party in this Agreement or in
the other Transaction Documents. The indemnification required by this Section 4.6 shall be made by periodic payments of the
amount thereof during the course of the investigation or defense, as and when bills are received or are incurred. The indemnity
agreements contained herein shall be in addition to any cause of action or similar right of any Purchaser Party against the Company
or others and any liabilities the Company may be subject to pursuant to law.

 

    	 	24	 

     

    

 

4.7            Listing
of Common Stock. The Company hereby agrees to use best efforts to maintain the listing or quotation of the Common Stock on
the Trading Market on which it is currently listed, and concurrently with the Closing, the Company shall apply to list or quote
all of the Shares on such Trading Market and promptly secure the listing of all of the Shares on such Trading Market. The Company
further agrees, if the Company applies to have the Common Stock traded on any other Trading Market, it will then include in such
application all of the Shares, and will take such other action as is necessary to cause all of the Shares to be listed or quoted
on such other Trading Market as promptly as possible. The Company will then take all action reasonably necessary to continue the
listing and trading of its Common Stock on a Trading Market and will comply in all respects with the Company’s reporting,
filing and other obligations under the bylaws or rules of the Trading Market. The Company agrees to maintain the eligibility
of the Common Stock for electronic transfer through the Depository Trust Company or another established clearing corporation, including,
without limitation, by timely payment of fees to the Depository Trust Company or such other established clearing corporation in
connection with such electronic transfer.

 

4.8            Equal
Treatment of Purchasers. No consideration (including any modification of any Transaction Document) shall be offered or paid
to any Person to amend or consent to a waiver or modification of any provision of the Transaction Documents unless the same consideration
is also offered to all of the parties to such Transaction Document. For clarification purposes, this provision constitutes a separate
right granted to each Purchaser by the Company and negotiated separately by each Purchaser, and is intended for the Company to
treat the Purchasers as a class and shall not in any way be construed as the Purchasers acting in concert or as a group with respect
to the purchase, disposition or voting of Shares or otherwise.

 

4.9            Certain
Transactions and Confidentiality. Each Purchaser, severally and not jointly with the other Purchasers, covenants that neither
it nor any Affiliate acting on its behalf or pursuant to any understanding with it will execute any purchases or sales, including
Short Sales of any of the Company’s securities during the period commencing with the execution of this Agreement and ending
at such time that the transactions contemplated by the Transaction Documents are first publicly announced pursuant to the initial
press release as described in Section 4.2.  Each Purchaser, severally and
not jointly with the other Purchasers, covenants that until such time as the transactions contemplated by the Transaction Documents
are publicly disclosed by the Company pursuant to the initial press release as described in Section 4.2, such Purchaser will
maintain the confidentiality of the existence and terms of this transaction.  Notwithstanding
the foregoing, and notwithstanding anything contained in this Agreement to the contrary, the Company expressly acknowledges and
agrees that (i) no Purchaser makes any representation, warranty or covenant hereby that it will not engage in effecting transactions
in any securities of the Company after the time that the transactions contemplated by the Transaction Documents are first publicly
announced pursuant to the initial press release as described in Section 4.2, (ii) no Purchaser shall be restricted or
prohibited from effecting any transactions in any securities of the Company in accordance with applicable securities laws from
and after the time that the transactions contemplated by the Transaction Documents are first publicly announced pursuant to the
initial press release as described in Section 4.2 and (iii) no Purchaser shall have any duty of confidentiality or duty
not to trade in the securities of the Company to the Company or its Subsidiaries after the issuance of the initial press release
as described in Section 4.2.  Notwithstanding the foregoing, in the case of a Purchaser that is a multi-managed
investment vehicle whereby separate portfolio managers manage separate portions of such Purchaser’s assets and the portfolio
managers have no direct knowledge of the investment decisions made by the portfolio managers managing other portions of such Purchaser’s
assets, the covenant set forth above shall only apply with respect to the portion of assets managed by the portfolio manager that
made the investment decision to purchase the Shares covered by this Agreement.

 

    	 	25	 

     

    

 

ARTICLE V.

MISCELLANEOUS

 

5.1            Termination. 
This Agreement may be terminated by any Purchaser, as to such Purchaser’s obligations hereunder only and without any effect
whatsoever on the obligations between the Company and the other Purchasers, by written notice to the Company, if the Closing has
not been consummated on or before the fifth (5th) Trading Day following the date hereof; provided, however,
that no such termination will affect the right of any party to sue for any breach by any other party (or parties).

 

5.2            Fees
and Expenses. Except as expressly set forth in the Transaction Documents to the contrary, each party shall pay the fees and
expenses of its advisers, counsel, accountants and other experts, if any, and all other expenses incurred by such party incident
to the negotiation, preparation, execution, delivery and performance of this Agreement. The Company shall pay all Transfer Agent
fees (including, without limitation, any fees required for same-day processing of any instruction letter delivered by the Company),
stamp taxes and other taxes and duties levied in connection with the delivery of any Shares to the Purchasers.

 

5.3            Entire
Agreement. The Transaction Documents, together with the exhibits and schedules thereto, the Base Prospectus and the Prospectus
Supplement, contain the entire understanding of the parties with respect to the subject matter hereof and thereof and supersede
all prior agreements and understandings, oral or written, with respect to such matters, which the parties acknowledge have been
merged into such documents, exhibits and schedules.

 

5.4            Notices.
Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be in writing and
shall be deemed given and effective on the earliest of: (a) the time of transmission, if such notice or communication is delivered
via facsimile at the facsimile number or email attachment at the email address as set forth on the signature pages attached
hereto at or prior to 5:30 p.m. (New York City time) on a Trading Day, (b) the next Trading Day after the time of transmission,
if such notice or communication is delivered via facsimile at the facsimile number or email attachment at the email address as
set forth on the signature pages attached hereto on a day that is not a Trading Day or later than 5:30 p.m. (New York
City time) on any Trading Day, (c) the second (2nd) Trading Day following the date of mailing, if sent by U.S.
nationally recognized overnight courier service or (d) upon actual receipt by the party to whom such notice is required to
be given. The address for such notices and communications shall be as set forth on the signature pages attached hereto. To
the extent that any notice provided pursuant to any Transaction Document constitutes, or contains, material, non-public information
regarding the Company or any Subsidiaries, the Company shall simultaneously file such notice with the Commission pursuant to a
Current Report on Form 8-K.

 

    	 	26	 

     

    

 

5.5            Amendments;
Waivers. No provision of this Agreement may be waived, modified, supplemented or amended except in a written instrument signed,
in the case of an amendment, by the Company and Purchasers which purchased at least 50.1% in interest of the Shares based on the
initial Subscription Amounts hereunder or, in the case of a waiver, by the party against whom enforcement of any such waived provision
is sought, provided that if any amendment, modification or waiver disproportionately and adversely impacts a Purchaser (or group
of Purchasers), the consent of such disproportionately impacted Purchaser (or group of Purchasers) shall also be required. No waiver
of any default with respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver
in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall
any delay or omission of any party to exercise any right hereunder in any manner impair the exercise of any such right. Any proposed
amendment or waiver that disproportionately, materially and adversely affects the rights and obligations of any Purchaser relative
to the comparable rights and obligations of the other Purchasers shall require the prior written consent of such adversely affected
Purchaser. Any amendment effected in accordance with this Section 5.5 shall be binding upon each Purchaser and holder of Shares
and the Company.

 

5.6            Headings.
The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed to limit or affect
any of the provisions hereof.

 

5.7            Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and permitted
assigns. The Company may not assign this Agreement or any rights or obligations hereunder without the prior written consent of
each Purchaser (other than by merger). Any Purchaser may assign any or all of its rights under this Agreement to any Person to
whom such Purchaser assigns or transfers any Shares, provided that such transferee agrees in writing to be bound, with respect
to the transferred Shares, by the provisions of the Transaction Documents that apply to the “Purchasers.”

 

5.8            No
Third-Party Beneficiaries. The Placement Agent shall be the third party beneficiary of the representations and warranties of
the Company in Section 3.1 and the representations and warranties of the Purchasers in Section 3.2. This Agreement is
intended for the benefit of the parties hereto and their respective successors and permitted assigns and is not for the benefit
of, nor may any provision hereof be enforced by, any other Person, except as otherwise set forth in Section 4.6 and this Section 5.8.

 

    	 	27	 

     

    

 

5.9            Governing
Law. All questions concerning the construction, validity, enforcement and interpretation of the Transaction Documents shall
be governed by and construed and enforced in accordance with the internal laws of the State of New York, without regard to the
principles of conflicts of law thereof. Each party agrees that all legal Proceedings concerning the interpretations, enforcement
and defense of the transactions contemplated by this Agreement and any other Transaction Documents (whether brought against a party
hereto or its respective Affiliates, directors, officers, shareholders, partners, members, employees or agents) shall be commenced
exclusively in the state and federal courts sitting in the City of New York. Each party hereby irrevocably submits to the exclusive
jurisdiction of the state and federal courts sitting in the City of New York, Borough of Manhattan for the adjudication of any
dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein (including with respect
to the enforcement of any of the Transaction Documents), and hereby irrevocably waives, and agrees not to assert in any action
or Proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such action or Proceeding
is improper or is an inconvenient venue for such Proceeding. Each party hereby irrevocably waives personal service of process and
consents to process being served in any such action or Proceeding by mailing a copy thereof via registered or certified mail or
overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and
agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall
be deemed to limit in any way any right to serve process in any other manner permitted by law. If any party shall commence an action
or Proceeding to enforce any provisions of the Transaction Documents, then, in addition to the obligations of the Company under
Section 4.6, the prevailing party in such action or Proceeding shall be reimbursed by the non-prevailing party for its reasonable
attorneys’ fees and other costs and expenses incurred with the investigation, preparation and prosecution of such action
or Proceeding.

 

5.10          Survival.
The representations and warranties contained herein shall survive the Closing and the delivery of the Shares.

 

5.11          Execution.
This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the same
agreement and shall become effective when counterparts have been signed by each party and delivered to each other party, it being
understood that the parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission
or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the
party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf”
signature page were an original thereof.

 

5.12          Severability.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal,
void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full
force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially
reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated
by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that
they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be
hereafter declared invalid, illegal, void or unenforceable.

 

5.13          Rescission
and Withdrawal Right. Notwithstanding anything to the contrary contained in (and without limiting any similar provisions of)
any of the other Transaction Documents, whenever any Purchaser exercises a right, election, demand or option under a Transaction
Document and the Company does not timely perform its related obligations within the periods therein provided, then such Purchaser
may rescind or withdraw, in its sole discretion from time to time upon written notice to the Company, any relevant notice, demand
or election in whole or in part without prejudice to its future actions and rights.

 

    	 	28	 

     

    

 

5.14          Replacement
of Shares. If any certificate or instrument evidencing any Shares is mutilated, lost, stolen or destroyed, the Company shall
issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in the case of mutilation), or in lieu
of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the
Company of such loss, theft or destruction. The applicant for a new certificate or instrument under such circumstances shall also
pay any reasonable third-party costs (including customary indemnity) associated with the issuance of such replacement Shares.

 

5.15          Remedies.
In addition to being entitled to exercise all rights provided herein or granted by law, including recovery of damages, each of
the Purchasers and the Company will be entitled to specific performance under the Transaction Documents. The parties agree that
monetary damages may not be adequate compensation for any loss incurred by reason of any breach of obligations contained in the
Transaction Documents and hereby agree to waive and not to assert in any action for specific performance of any such obligation
the defense that a remedy at law would be adequate.

 

5.16          Payment
Set Aside. To the extent that the Company makes a payment or payments to any Purchaser pursuant to any Transaction Document
or a Purchaser enforces or exercises its rights thereunder, and such payment or payments or the proceeds of such enforcement or
exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from,
disgorged by or are required to be refunded, repaid or otherwise restored to the Company, a trustee, receiver or any other Person
under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action),
then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived
and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

 

5.17          Independent
Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document are several
and not joint with the obligations of any other Purchaser, and no Purchaser shall be responsible in any way for the performance
or non-performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any
other Transaction Document, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the
Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers
are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction
Documents. Each Purchaser shall be entitled to independently protect and enforce its rights including, without limitation, the
rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser
to be joined as an additional party in any Proceeding for such purpose. Each Purchaser has been represented by its own separate
legal counsel in its review and negotiation of the Transaction Documents. For reasons of administrative convenience only, each
Purchaser and its respective counsel have chosen to communicate with the Company through DPW. DPW does not represent any of the
Purchasers and only represents the Placement Agent. The Company has elected to provide all Purchasers with the same terms and Transaction
Documents for the convenience of the Company and not because it was required or requested to do so by any of the Purchasers. It
is expressly understood and agreed that each provision contained in this Agreement and in each other Transaction Document is between
the Company and a Purchaser, solely, and not between the Company and the Purchasers collectively and not between and among the
Purchasers.

 

    	 	29	 

     

    

 

5.18          Saturdays,
Sundays, Holidays, etc.     If the last or appointed
day for the taking of any action or the expiration of any right required or granted herein shall not be a Business Day, then such
action may be taken or such right may be exercised on the next succeeding Business Day.

 

5.19          Construction.
The parties agree that each of them and/or their respective counsel have reviewed and had an opportunity to revise the Transaction
Documents and, therefore, the normal rule of construction to the effect that any ambiguities are to be resolved against the
drafting party shall not be employed in the interpretation of the Transaction Documents or any amendments thereto. In addition,
each and every reference to share prices and shares of Common Stock in any Transaction Document shall be subject to adjustment
for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that
occur after the date of this Agreement.

 

5.20          WAIVER
OF JURY TRIAL. IN ANY ACTION, SUIT, OR PROCEEDING IN ANY JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY, THE
PARTIES EACH KNOWINGLY AND INTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY, IRREVOCABLY
AND EXPRESSLY WAIVES FOREVER TRIAL BY JURY.

 

(Signature Pages Follow)

 

    	 	30	 

     

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories
as of the date first indicated above.

 

	TELLURIAN INC.	 	Address for Notice:
	 	 	 	 
	By:	 	 	E-Mail:
		Name:	 	Fax:
		Title:	 	 
	With a copy to (which shall not constitute notice):	 	 

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK 

SIGNATURE PAGE FOR PURCHASER FOLLOWS]

 

    	 	31	 

     

    

 

[PURCHASER SIGNATURE PAGES TO TELL
SECURITIES PURCHASE AGREEMENT]

 

IN WITNESS WHEREOF,
the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as
of the date first indicated above.

 

Name of Purchaser: ___________________________________________________________________________________________________

 

Signature of Authorized Signatory of
Purchaser: _____________________________________________________________________________

 

Name of Authorized Signatory: ___________________________________________________________________________________________

 

Title of Authorized Signatory: ____________________________________________________________________________________________

 

Email Address of Authorized Signatory:_____________________________________________________________________________________

 

Facsimile Number of Authorized Signatory: ______________________________________________________________________________________

 

Address for Notice to Purchaser:

 

DWAC Instructions:

 

Clearing Firm DTC#:

 

Account Name:

 

Account Number:

 

 

Subscription Amount: $__________________

 

Shares: _________________

 

EIN Number: ____________________

 

[SIGNATURE PAGES CONTINUE]

 

    	 	32	 

     

    

 

Schedule
A

 

Subsidiaries

 

	Subsidiary	State or Other

 Jurisdiction of

 Incorporation or

 Organization	Ownership
	Tellurian Inc. owns the following subsidiaries directly:	 	 
	Tellurian Investments LLC (formerly known as Tellurian Investments Inc.)	Delaware	100.0%
	Driftwood LP Holdings LLC	Delaware	100.0%
	Driftwood GP Holdings LLC	Delaware	100.0%
	Tellurian International Holdings Ltd	United Kingdom	100.0%
	Tellurian Investments LLC owns the following subsidiaries directly:	 	 
	Tellurian Production Holdings LLC	Delaware	100.0%
	Tellurian LandCo LLC (formerly known as Parallax LNG LandCo LLC and MBTU LandCo LLC)	Delaware	100.0%
	Tellurian Supply & Trade LLC	Delaware	100.0%
	Purity Pipeline LLC	Delaware	100.0%
	Delhi Connector LLC	Delaware	100.0%
	Tellurian Midstream Holdings LLC	Delaware	100.0%
	Tellurian Services LLC (formerly known as Parallax Services LLC)	Delaware	100.0%
	Tellurian Management Services LLC (formerly known as Tellurian O&M LLC and Driftwood Operating LLC)	Delaware	100.0%
	Magellan Petroleum Australia Pty Ltd	Australia	100.0%
	Driftwood LP Holdings LLC owns the following subsidiary directly:	 	 
	Driftwood Holdings LP (formerly known as Driftwood Holdings LLC)	Delaware	100.0% (1)
	Tellurian International Holdings Ltd owns the following subsidiaries directly:	 	 
	Tellurian Trading UK Ltd	United Kingdom	100.0%
	Tellurian LNG Singapore Pte. Ltd.	Singapore	100.0%
	Tellurian LNG UK Ltd	United Kingdom	100.0%
	Tellurian Production Holdings LLC owns the following subsidiaries directly:	 	 
	Tellurian Operating LLC	Delaware	100.0%
	Tellurian Production LLC	Delaware	100.0%
	Magellan Petroleum Australia Pty Ltd owns the following subsidiary directly:	 	 
	Magellan Petroleum Offshore Pty Ltd	Australia	100.0%
	Driftwood Holdings LP owns the following subsidiary directly:	 	 
	Driftwood Holdco LLC	Delaware	100.0%
	Driftwood Holdco LLC owns the following subsidiaries directly:	 	 
	Tellurian Pipeline LLC	Delaware	100.0%
	Tellurian LNG LLC (formerly known as Parallax LNG LLC)	Delaware	100.0%
	Driftwood Production Holdings LLC	Delaware	100.0%
	Tellurian Pipeline LLC owns the following subsidiaries directly:	 	 
	Haynesville Global Access Pipeline LLC	Delaware	100.0%
	Permian Global Access Pipeline LLC	Delaware	100.0%
	Driftwood Pipeline LLC (formerly known as Driftwood LNG Pipeline LLC)	Delaware	100.0%
	Tellurian LNG LLC owns the following subsidiaries directly:	 	 
	Driftwood LNG Tug Services LLC	Delaware	100.0%
	Driftwood LNG LLC	Delaware	100.0%

 

		(1)	Driftwood LP Holdings LLC owns 100% of Driftwood Holdings LP, of which Driftwood GP Holdings LLC is the general partner.

 

    	 	33EX-4.1

 Exhibit 4.1 

CABOT CORPORATION 
 AND

 [●] 

As Trustee 

Indenture 
 Dated as
of         ,              

Debt Securities 

 TABLE OF CONTENTS 

 

							
	 ARTICLE One Definitions and Incorporation By Reference
	  	 	1	 
	 Section 1.01.
	  	Definitions	  	 	1	 
	 Section 1.02.
	  	Other Definitions	  	 	3	 
	 Section 1.03.
	  	Incorporation by Reference of Trust Indenture Act	  	 	3	 
	 Section 1.04.
	  	Rules of Construction	  	 	4	 
		
	 ARTICLE Two The Securities
	  	 	4	 
	 Section 2.01.
	  	Terms and Form	  	 	4	 
	 Section 2.02.
	  	Form of Legend for Global Security	  	 	5	 
	 Section 2.03.
	  	Execution and Authentication	  	 	5	 
	 Section 2.04.
	  	Registrar and Paying Agent	  	 	6	 
	 Section 2.05.
	  	Paying Agent to Hold Money in Trust	  	 	6	 
	 Section 2.06.
	  	Securityholder Lists	  	 	6	 
	 Section 2.07.
	  	Transfer and Exchange	  	 	6	 
	 Section 2.08.
	  	Replacement Securities	  	 	7	 
	 Section 2.09.
	  	Outstanding Securities	  	 	8	 
	 Section 2.10.
	  	Temporary Securities	  	 	8	 
	 Section 2.11.
	  	Cancellation	  	 	8	 
	 Section 2.12.
	  	Defaulted Interest	  	 	8	 
		
	 ARTICLE Three Redemption
	  	 	9	 
	 Section 3.01.
	  	Notices to Trustee	  	 	9	 
	 Section 3.02.
	  	Selection of Securities to be Redeemed	  	 	9	 
	 Section 3.03.
	  	Notice of Redemption	  	 	9	 
	 Section 3.04.
	  	Effect of Notice of Redemption	  	 	10	 
	 Section 3.05.
	  	Deposit of Redemption Price	  	 	10	 
	 Section 3.06.
	  	Securities Redeemed in Part	  	 	11	 
		
	 ARTICLE Four Covenants
	  	 	11	 
	 Section 4.01.
	  	Certain Definitions	  	 	11	 
	 Section 4.02.
	  	Payment of Securities	  	 	13	 
	 Section 4.03.
	  	Limitation on Liens	  	 	13	 
	 Section 4.04.
	  	Limitation on Sale and Leaseback	  	 	14	 
	 Section 4.05.
	  	No Lien Created	  	 	15	 
	 Section 4.06.
	  	Compliance Certificate	  	 	15	 
	 Section 4.07.
	  	SEC Reports	  	 	16	 

  
 i 

							
	 ARTICLE Five Successor Corporation
	  	 	16	 
	 Section 5.01.
	  	When Company May Merge, etc	  	 	16	 
	 Section 5.02.
	  	When Securities Must Be Secured	  	 	16	 
		
	 ARTICLE Six Defaults and Remedies
	  	 	17	 
	 Section 6.01.
	  	Events of Default	  	 	17	 
	 Section 6.02.
	  	Acceleration	  	 	18	 
	 Section 6.03.
	  	Other Remedies	  	 	19	 
	 Section 6.04.
	  	Waiver of Past Defaults	  	 	19	 
	 Section 6.05.
	  	Control by Majority	  	 	19	 
	 Section 6.06.
	  	Limitation on Suits	  	 	20	 
	 Section 6.07.
	  	Rights of Holders to Receive Payment	  	 	20	 
	 Section 6.08.
	  	Collection Suit by Trustee	  	 	20	 
	 Section 6.09.
	  	Trustee May File Proofs of Claim	  	 	21	 
	 Section 6.10.
	  	Priorities	  	 	21	 
	 Section 6.11.
	  	Undertaking for Costs	  	 	21	 
		
	 ARTICLE Seven Trustee
	  	 	21	 
	 Section 7.01.
	  	Duties of Trustee	  	 	21	 
	 Section 7.02.
	  	Rights of Trustee	  	 	23	 
	 Section 7.03.
	  	Individual Rights of Trustee	  	 	24	 
	 Section 7.04.
	  	Trustee’s Disclaimer	  	 	24	 
	 Section 7.05.
	  	Notice of Defaults	  	 	24	 
	 Section 7.06.
	  	Reports by Trustee to Holders	  	 	24	 
	 Section 7.07.
	  	Compensation and Indemnity	  	 	25	 
	 Section 7.08.
	  	Replacement of Trustee	  	 	25	 
	 Section 7.09.
	  	Successor Trustee by Merger, etc	  	 	26	 
	 Section 7.10.
	  	Eligibility Disqualification	  	 	26	 
	 Section 7.11.
	  	Preferential Collection of Claims Against Company	  	 	27	 
		
	 ARTICLE Eight Discharge of Indenture
	  	 	27	 
	 Section 8.01.
	  	Termination of Company’s Obligations	  	 	27	 
	 Section 8.02.
	  	Application of Trust Money	  	 	28	 
	 Section 8.03.
	  	Repayment to Company	  	 	28	 
		
	 ARTICLE Nine Amendments, Supplements and Waivers
	  	 	28	 
	 Section 9.01.
	  	Without Consent of Holders	  	 	28	 
	 Section 9.02.
	  	With Consent of Holders	  	 	29	 

  
 ii 

							
	 Section 9.03.
	  	Compliance with Trust Indenture Act	  	 	30	 
	 Section 9.04.
	  	Revocation and Effect of Consents	  	 	30	 
	 Section 9.05.
	  	Notation on or Exchange of Securities	  	 	30	 
	 Section 9.06.
	  	Trustee to Sign Amendments, etc	  	 	30	 
		
	 ARTICLE Ten Miscellaneous
	  	 	31	 
	 Section 10.01.
	  	Trust Indenture Act Controls	  	 	31	 
	 Section 10.02.
	  	Notices	  	 	31	 
	 Section 10.03.
	  	Communication by Holders with Other Holders	  	 	32	 
	 Section 10.04.
	  	Certificate and Opinion as to Conditions Precedent	  	 	32	 
	 Section 10.05.
	  	Statements Required in Certificate or Opinion	  	 	32	 
	 Section 10.06.
	  	Treasury Securities	  	 	32	 
	 Section 10.07.
	  	Rules by Trustee, Paying Agent, Registrar	  	 	33	 
	 Section 10.08.
	  	Legal Holidays	  	 	33	 
	 Section 10.09.
	  	Governing Law	  	 	33	 
	 Section 10.10.
	  	No Recourse Against Others	  	 	33	 
	 Section 10.11.
	  	Successors	  	 	33	 
	 Section 10.12.
	  	Execution in Counterparts	  	 	33	 

  
 iii 

 CROSS-REFERENCE TABLE 

 

			
	 TIA Section
	  	Indenture Section
	310(a)(1)	  	7.10
	(a)(2)	  	7.10
	(a)(3)	  	N.A.
	(a)(4)	  	N.A.
	(b)	  	7.08; 7.10
	(c)	  	N.A.
	311(a)	  	7.11
	(b)	  	7.11
	(c)	  	N.A.
	312(a)	  	2.06
	(b)	  	10.03
	(c)	  	10.03
	313(a)	  	7.06
	(b)(1)	  	N.A.
	(b)(2)	  	7.06
	(c)	  	10.02
	(d)	  	7.06
	314(a)	  	4.05; 10.02
	(b)	  	N.A.
	(c)(1)	  	10.04
	(c)(2)	  	10.04
	(c)(3)	  	N.A.
	(d)	  	N.A.
	(e)	  	10.05
	(f)	  	N.A.
	315(a)	  	7.01(b)
	(b)	  	7.05; 10.02
	(c)	  	7.01(a)
	(d)	  	7.01(c)
	(e)	  	6.11
	316(a)(last sentence)	  	10.06
	(a)(1)(A)	  	6.05
	(a)(1)(B)	  	6.04
	(a)(2)	  	N.A.
	(b)	  	6.07
	317(a)(1)	  	6.06
	(a)(2)	  	6.09
	(b)	  	2.05
	318(a)	  	10.01

  
 iv 

 INDENTURE dated as of [●], [●], between CABOT CORPORATION, a Delaware
corporation (the “Company”), and [●], a national banking association, as trustee (the “Trustee”). 

Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Company’s
Securities: 
 ARTICLE ONE 

Definitions and Incorporation By Reference 

Section 1.01.    Definitions. 

“Affiliate” means any person directly or indirectly controlling or controlled by or under direct or indirect common
control with the Company. 
 “Agent” means any Registrar or Paying Agent. 

“Bankruptcy Law” means Title 11, U.S. Code or any similar Federal or State law for the relief of debtors. 

“Board of Directors” means the Board of Directors of the Company or any committee of the Board of Directors duly authorized
to act for it hereunder. 
 “Board Vote” means a vote of the Board of Directors, which may be evidenced by a certificate of
the Secretary or an Assistant Secretary of the Company which states that such vote has been duly adopted by the Board of Directors and is in full force and effect. 

“Business Day” means any day which is not a Legal Holiday. 

“Company” means the party named as such in this Indenture until a successor replaces it pursuant to this Indenture and
thereafter means the successor. 
 “Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar
official under any Bankruptcy Law. 
 “Default” means any event which is, or after notice or passage of time or both would
be, an Event of Default. 
 “Depository” shall mean, with respect to the Securities of any Series issuable or issued in
whole or in part in the form of one or more Global Securities, the person designated as depository for such Series by the Company, which depository shall be a clearing agency registered under the Exchange Act; and if at any time there is more than
one such person, “Depository” as used with respect to the Securities of any Series shall mean the depository with respect to the Securities of such Series. 

“Global Security” or “Global Securities” means a Security or Securities, as the case may be, in the form
prescribed in Section 2.01 and bears the legend set forth in Section 2.02 (or such legend as may be specified as contemplated by Section 2.01 for such Securities) evidencing all or part of a Series of Securities, issued to the
Depository for such Series or its nominee, and registered in the name of such Depository or nominee. 

 “Holder” or “Securityholder” means a person in whose name
a Security is registered on the Registrar’s books. 
 “Indenture” means this Indenture as amended, modified or
supplemented from time to time. 
 “Legal Holiday” means any Saturday, Sunday or day on which banking institutions in a
jurisdiction in which an action is required hereunder are not required to be open. 
 “Officer” means the Chairman of the
Board, the President, any Vice President, the Treasurer, the Secretary or the Controller of the Company. 
 “Officers’
Certificate” means a certificate signed by two Officers or by an Officer and an Assistant Treasurer, Assistant Secretary or Assistant Controller of the Company. See Sections 10.04 and 10.05. 

“Opinion of Counsel” means a written opinion from legal counsel who may be an employee of or counsel to the Company, or who
may be other counsel satisfactory to the Trustee. 
 “Responsible Officer” means any officer in the Corporate Trust
Division of the Trustee or any other officer of the Trustee assigned by the Trustee to administer its corporate trust matters. 

“SEC” means the Securities and Exchange Commission. 

“Securities” means the debentures, notes or other evidence of indebtedness issued under this Indenture; provided,
however, that if at any time there is more than one entity acting as Trustee under this Indenture, “Securities” as to which such entity is Trustee means Securities authenticated and delivered under this Indenture, exclusive, however,
of Securities of any Series as to which such entity is not Trustee. 
 “Series” of Securities means all Securities provided
for by one or more indentures supplemental hereto, Board Votes or Officers’ Certificates as being part of the same series. 

“TIA” means the Trust Indenture Act of 1939 (15 U.S. Code §§77aaa-77bbbb) as in effect on the date of this
Indenture; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “TIA” means, to the extent required by any such amendment, the Trust Indenture Act as so amended. 

“Trustee” means the party named as such in this Indenture until a successor replaces it pursuant to this Indenture and
thereafter means the successor. If at any time there are one or more additional parties acting as Trustee hereunder for any Series of Securities, “Trustee” shall also mean such parties and the term “Trustee” as used with respect
to the Securities of a particular Series means the Trustee with respect to Securities of that Series. 

  
 2 

 “U.S. Government Obligations” means direct obligations of the United States
for the payment of which the full faith and credit of the United States is pledged. 
 Section 1.02.    Other
Definitions. 
  

					
	 Term
	  	Defined in Section	 
	 “Attributable Debt”
	  	 	4.01	 
	 “Consolidated Net Tangible Assets”
	  	 	4.01	 
	 “Debt”
	  	 	4.01	 
	 “Exchange Act”
	  	 	2.07	 
	 “Exempted Debt”
	  	 	4.01	 
	 “Event of Default”
	  	 	6.01	 
	 “Lien”
	  	 	4.01	 
	 “Long-Term Debt”
	  	 	4.01	 
	 “Paying Agent”
	  	 	2.04	 
	 “Principal Property”
	  	 	4.01	 
	 “Registrar”
	  	 	2.04	 
	 “Restricted Property”
	  	 	4.01	 
	 “Restricted Subsidiary”
	  	 	4.01	 
	 “Sale-Leaseback Transaction”
	  	 	4.01	 
	 “Subsidiary”
	  	 	4.01	 
	 “United States”
	  	 	4.01	 
	 “Unrestricted Subsidiary”
	  	 	4.01	 

 Section 1.03.    Incorporation by Reference of Trust Indenture Act. 

Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. The
following TIA terms used in this Indenture have the following meanings: 
 “Commission” means the SEC. 

“indenture securities” means the Securities. 

“indenture security holder” means a Securityholder. 

“indenture to be qualified” means this Indenture. 

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

“obligor” on the indenture securities means the Company. 

All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule
have the meanings assigned to them. 

  
 3 

 Section 1.04.    Rules of Construction. 

Unless the context otherwise requires: 

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

(2)    an accounting term, not otherwise defined, has the meaning assigned to it in accordance with generally accepted
accounting principles in the United States; 
 (3)    “or” is not exclusive; and 

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

ARTICLE TWO 
 The Securities 

Section 2.01.    Terms and Form. 

The Securities may be issued from time to time in one or more Series. Each Series shall be limited to such aggregate principal amount, shall
bear the title and interest at the rates and from the dates, shall mature at the times, shall or may be redeemable at the prices and upon the terms, and shall contain or be subject to all terms as shall be established in an indenture supplemental
hereto or by or pursuant to a Board Vote (and, to the extent not set forth in the Board Vote, in an Officers’ Certificate detailing the adoption of terms pursuant to the Board Vote). Securities of a Series shall be substantially identical
except as to denomination and except as may be otherwise provided in a Board Vote and/or an Officers’ Certificate or in an indenture supplemental hereto. In case of Securities of a Series to be issued from time to time, the Officers’
Certificate may provide for the method by which specified terms (such as interest rate, maturity date, record date or date from which interest shall accrue) are to be determined. 

The Securities of each Series hereunder shall be substantially in the form set forth in Exhibit A or in such form, including with respect to
whether such Series shall be issued in whole or in part in the form of one or more Global Securities and the Depository for such Global Security or Securities, as shall be established pursuant to a Board Vote (and, to the extent not set forth in the
Board Vote, in an Officers’ Certificate detailing the adoption of such form) or one or more indenture supplements to this Indenture, in each case, with such insertions, omissions, substitutions, and other variations as are required or permitted
by this Indenture, such Board Vote or such indenture supplement. If a form of any Security is approved by a Board Vote, such Officers’ Certificate shall also state that all conditions precedent relating to the authentication and delivery of
such Security have been complied with and shall be accompanied by a copy of the Board Vote by or pursuant to which the form of such Security has been approved. The Securities may have notations, legends or endorsements required by law, stock
exchange rule or usage. The Company shall approve the form of the Securities and any notation, legend or endorsement on them, such approval to be conclusively evidenced by the execution of such Securities. Unless the form of a Security of a Series
provides otherwise, each Security shall be dated the date of its authentication. 
 Unless the form of a Security of a Series provides
otherwise, the Securities of such Series shall be issued in denominations of $1,000 or multiples thereof. 

  
 4 

 Section 2.02.    Form of Legend for Global Security. 

Any Global Security issued hereunder shall bear a legend in substantially the following form: 

“This Security is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the name of the
Depository or a nominee of the Depository. This Security is exchangeable for Securities registered in the name of a person other than the Depository or its nominee only in the limited circumstances described in the Indenture, and may not be
transferred except as a whole by the Depository to a nominee of the Depository, by a nominee of the Depository to the Depository or another nominee of the Depository or by the Depository or any such nominee to a successor Depository or a nominee of
such successor Depository.” 
 Section 2.03.    Execution and Authentication. 

Two Officers shall sign the Securities for the Company and may employ facsimile signatures. The Company’s seal shall be impressed, affixed
or reproduced on the Securities. 
 If an Officer whose signature is on a Security no longer holds that office at the time the Trustee
authenticates the Security, the Security shall be valid nevertheless. 
 The aggregate principal amount of Securities that may be
authenticated and delivered under this Indenture is unlimited. The Trustee shall authenticate Securities for original issue upon (or in accordance with such procedures acceptable to the Trustee set forth in) a written order of the Company signed by
two Officers or by an Officer and an Assistant Treasurer of the Company. 
 A Security shall not be valid until the Trustee manually signs
the certificate of authentication on the Security. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. The Trustee’s authentication shall be in the following form (except that where
applicable any successor or additional Trustee’s name for Securities of a Series shall be substituted for the Trustee named below): 

This is one of the Securities of the Series designated therein issued under the within mentioned Indenture. 

 

			
	[●],
	as Trustee
		
	By	 	  

	Name:	 	
	Title:	 	

  
 5 

 Section 2.04.    Registrar and Paying Agent. 

The Company shall designate a Registrar who shall maintain an office or agency where Securities may be presented for registration of transfer
and where Securities may be presented for exchange (the “Registrar”) and a paying agent who shall maintain an office or agency where Securities may be presented for payment (the “Paying Agent”). Initially,
[●], will act as the Registrar and Paying Agent. The Registrar shall keep a register of the Securities and of their transfer and exchange. With the consent of the Trustee, which shall not be unreasonably withheld, the Company may designate one
or more co-registrars and one or more Paying Agents. The term “Registrar” includes any additional co-registrar. The term “Paying Agent” includes any
additional paying agent. The Company shall notify the Trustee of the name and address of any Agent not a party to this Indenture. If the Company fails to maintain a Registrar or Paying Agent, the Trustee shall act as such. 

Section 2.05.    Paying Agent to Hold Money in Trust. 

The Company, by written agreement, shall require each Paying Agent other than the Trustee to agree that the Paying Agent will hold in trust for
the benefit of Securityholders or the Trustee all money held by the Paying Agent for the payment of principal of and premium, if any, or interest on the Securities, and will notify the Trustee of any default by the Company in making any such
payment. If the Company acts as Paying Agent, it shall segregate the money and hold it as a separate trust fund. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon doing so the Paying Agent shall have
no further liability for the money. 
 Section 2.06.    Securityholder Lists. 

The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of
Securityholders. If the Trustee is not the Registrar with respect to a Series of Securities, the Company shall furnish to the Trustee any information in the possession or control of the Company (a) on or before each semi-annual interest payment
date of any Series of Securities, and (b) at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of Securityholders. 

Section 2.07.    Transfer and Exchange. 

When a Security is presented to the Registrar with a request to register a transfer, the Registrar shall register the transfer as requested in
the manner provided in this Section 2.07. 
 Every Security presented or surrendered for registration of transfer or exchange shall (if
so required by the Company or the Registrar) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Registrar duly executed by the Holder thereof or his attorney duly authorized in
writing. To permit transfers and exchanges, the Company shall execute and the Trustee shall authenticate Securities at the Registrar’s request. The Company may require payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed for any exchange or transfer but not for any exchange pursuant to Section 2.10, 3.06 or 9.05. 

  
 6 

 The Company shall not be required: (i) to issue, register the transfer of or exchange
Securities of any Series during a period beginning at the opening of business 15 days before the day of selection for redemption of Securities of that Series under Section 3.02 and ending at the close of business on the day of the mailing of
notice of redemption, or (ii) to register the transfer of, or exchange any Security so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part. 

Notwithstanding any provisions to the contrary contained in Section 2.06 of this Indenture and in addition thereto, any Global Security
shall be exchangeable pursuant to this Section 2.07 for Securities registered in the names of Holders other than the Depository for such Security or its nominee only if: (i) such Depository notifies the Company that it is unwilling or
unable to continue as Depository for such Global Security or if at any time such Depository ceases to be a clearing agency registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and, in either such case, the
Company fails to appoint a successor Depository within 90 days of such event, (ii) the Company executes and delivers to the Trustee an Officers’ Certificate that such Global Security shall be so exchangeable or (iii) a Default shall
have occurred and be continuing with respect to the Securities represented by such Global Security. Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Securities registered in such names as the
Depository shall direct in writing in an aggregate principal amount equal to the principal amount of the Global Security with like tenor and terms. 

Except as provided in this Section 2.07, a Global Security may not be transferred except as a whole by the Depository with respect to
such Global Security to a nominee of such Depository, by a nominee of such Depository to such Depository or another nominee of such Depository or by the Depository or any such nominee to a successor Depository or a nominee of such successor
Depository. 
 Section 2.08.    Replacement Securities. 

If the Holder of a mutilated Security surrenders such Security to the Trustee or if the Holder of a Security presents evidence satisfactory to
the Company and the Trustee that the Security has been lost, destroyed or wrongfully taken, the Company shall issue and the Trustee shall authenticate a replacement Security of the same Series and of like tenor and principal amount and bearing a
number not contemporaneously outstanding. In case any such Security has or is about to become due and payable, the Company may pay the Security instead of issuing a new Security. If required by the Company or the Trustee, such Holder shall provide
an indemnity bond which must be sufficient in the judgment of the party requiring it to protect the Company, the Trustee and any Agent from any loss which any of them may suffer if a Security is replaced. The Company or the Trustee may charge the
Holder for its expenses in replacing a Security. 
 Every replacement Security is an additional obligation of the Company. 

  
 7 

 Section 2.09.    Outstanding Securities. 

Securities outstanding at any time are all the Securities authenticated by the Trustee except for those cancelled by it, those Securities of
any Series for which the Company has made a deposit in accordance with Section 8.01 and those described in this Section as not outstanding. A Security does not cease to be outstanding because the Company or an Affiliate holds the Security. See
Section 10.06. 
 If a Security is replaced pursuant to Section 2.07, it ceases to be outstanding unless the Trustee receives
proof satisfactory to it that the replaced Security is held by a bona fide purchaser. 
 If the Paying Agent holds on a redemption date or
maturity date money sufficient to pay Securities payable on that date, then on and after that date such Securities cease to be outstanding and interest on them ceases to accrue. 

Section 2.10.    Temporary Securities. 

Until definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities. Temporary
Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate
definitive Securities in exchange for temporary Securities. 
 Section 2.11.    Cancellation. 

The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee
any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee shall cancel all Securities surrendered for registration of transfer, exchange, payment or cancellation and shall destroy such cancelled Securities and
shall furnish the Company with a certificate of destruction. The Company may not issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancellation. 

Section 2.12.    Defaulted Interest. 

If the Company defaults in the payment of interest on any Series of the Securities, it shall pay the defaulted interest, plus any interest
payable on such defaulted interest to the extent permitted by law, to persons who are Holders of Securities of such Series on a subsequent special record date. The Company shall fix the special record date and the payment date. At least 15 days
before such special record date, the Company shall notify the Trustee and each Holder of such special record date, the payment date and the amount of interest to be paid. The Company may pay defaulted interest in any other lawful manner. 

  
 8 

 ARTICLE THREE 

Redemption 

Section 3.01.    Notices to Trustee. 

If the Company wants to redeem any Series of Securities pursuant to the terms of the Securities of that Series, the Company shall notify the
Trustee of the redemption date and the principal amount of the Securities to be redeemed. 
 Each such notice shall be accompanied by an
Officers’ Certificate stating that the conditions to such redemption as provided in such Security and in this Indenture have been complied with. If the Company elects to redeem less than all the Securities of a Series, the Company shall notify
the Trustee of such redemption date and of the principal amount of such Securities to be redeemed and shall deliver to the Trustee such documentation and records as shall enable the Trustee to select the Securities to be redeemed pursuant to
Section 3.02. 
 If any Series of Securities by its terms is redeemable pursuant to the operation of a sinking fund, the Company shall
notify the Trustee by an Officers’ Certificate of the amount of the next sinking fund payment and the portion of such payment which is to be satisfied by delivering and crediting Securities of the same Series pursuant to Section 3.05. 

If the Company wants to credit against any mandatory redemption Securities of the same Series it has not previously delivered to the Trustee
for cancellation, it shall deliver the Securities with such Officers’ Certificate. 
 The Company shall give each notice or
Officers’ Certificate provided for in this Section at least 30 days before the redemption date (unless shorter notice is satisfactory to the Trustee). 

Any notice of redemption given to the Trustee may be canceled by written notice to the Trustee at any time prior to the mailing of the notice
of redemption to the Holders of Securities to be redeemed and upon any such cancellation shall thereupon be void and of no effect. 

Section 3.02.    Selection of Securities to be Redeemed. 

If less than all the Securities of a Series are to be redeemed, the Trustee shall select the Securities to be redeemed by a method the Trustee
considers fair and appropriate. The Trustee shall make the selection from Securities of such Series outstanding not previously called for redemption. The Trustee may select for redemption portions of the principal of Securities of such Series that
have denominations larger than $1,000. Securities and portions of them it selects shall be in amounts of $1,000 or multiples of $1,000. Provisions of this Indenture that apply to Securities called for redemption also apply to portions of Securities
called for redemption. 
 Section 3.03.    Notice of Redemption. 

At least 30 days but not more than 60 days before a redemption date, the Company shall mail a notice of redemption by first-class mail (or
deliver by electronic transmission in accordance with the applicable procedures of the Depository) to each Holder of Securities to be redeemed. 

  
 9 

 The notice shall identify the Securities to be redeemed and shall state: 

(1)    the redemption date; 

(2)    the redemption price (or the method of calculating or determining the redemption price) and the accrued interest,
if any; 
 (3)    the CUSIP number and ISIN, if any, of such Securities; 

(4)    if less than all Securities of a Series outstanding are to be redeemed, the identification (and, if any Security is
to be redeemed in part, the principal amount) of the particular Security to be redeemed; 
 (5)    the name and address
of the Paying Agent; 
 (6)    that Securities called for redemption must be surrendered to the Paying Agent to collect
the redemption price; 
 (7)    that interest on Securities called for redemption ceases to accrue on and after the
redemption date; and 
 (8)    that the redemption is pursuant to a sinking fund, if that is the case. 

At the Company’s request at least five days prior to the date the notice of optional redemption is to be given (unless a shorter time
period shall be acceptable to the Trustee), the Trustee shall give such notice of redemption to each Holder of Securities to be redeemed in the Company’s name and at the Company’s expense. 

Section 3.04.    Effect of Notice of Redemption. 

Once notice of redemption is mailed (or delivered by electronic transmission in accordance with the applicable procedures of the Depository),
Securities called for redemption become due and payable on the redemption date and at the applicable redemption price. Upon surrender to the Paying Agent, such Securities shall be paid at the applicable redemption price plus accrued interest, if
any, to the redemption date; provided, however, that any regular payment of interest becoming due on the redemption date shall be payable to the Holders of such Securities in accordance with their terms. 

Section 3.05.    Deposit of Redemption Price. 

On or before the redemption date, the Company shall deposit with the Paying Agent (or if the Company is its own Paying Agent, shall segregate
and hold in trust) money sufficient to pay the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date. 

  
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 Unless any Security by its terms prohibits any sinking fund payment obligation from being
satisfied by delivering and crediting Securities (including Securities redeemed otherwise than through a sinking fund), the Company may deliver such Securities to the Trustee for crediting against such payment obligation in accordance with the terms
of such Securities and this Indenture. 
 Section 3.06.    Securities Redeemed in Part. 

Upon surrender of a Security that is redeemed in part, the Trustee shall authenticate and deliver to the Holder a new Security of the same
Series equal in principal amount to the unredeemed portion of the Security surrendered. 
 ARTICLE FOUR 

Covenants 

Section 4.01.    Certain Definitions. 

“Attributable Debt” means, as of the date of determination, the present value of rent due under a lease for the remaining
primary term of the lease. Rent shall be discounted to present value from the due date of each installment to the date of determination at the actual interest factor included in the rent or, if the interest factor cannot readily be determined, at
12% per annum. Rent is the lesser of: (1) rent for the remaining primary term of the lease assuming it is not earlier terminated, and (2) rent from the date of determination until the first permitted termination date under the lease plus
the termination payment then due, if any. The remaining primary term of a lease includes any period for which the lease has been extended. Rent does not include: (1) amounts payable for maintenance, repairs, insurance, taxes, assessments, water
rates, and similar charges, or (2) contingent rent, such as that based on sales, maintenance and repairs, insurance, taxes, assessments or similar charges. Rent may be reduced by rent, discounted in the manner provided above, that any sublessee
must pay from the date of determination for all or part of the same property. An obligation to pay rent shall be counted only once even if more than one entity is responsible for the obligation. 

“Consolidated Net Tangible Assets” means total assets (after deducting all valuation and qualifying reserves related to those
assets) less: (1) total current liabilities (excluding that portion, if any, of Long-Term Debt due within 12 months); (2) goodwill, patents and patent rights, trademarks, trade names, copyrights, debt discount and expense and other like
intangibles; and (3) any equity in and the net amount of advances to Unrestricted Subsidiaries, all as stated in the most recent consolidated balance sheet of the Company and its Restricted Subsidiaries preceding the date of a determination.

 “Debt” means any debt for money borrowed or any guarantee of such debt, but excludes any
non-recourse debt for money borrowed incurred to develop any electrical generating facilities or to develop or exploit any oil, gas or other mineral property. A Debt obligation shall be counted only once even
if more than one entity is responsible for the obligation. 

  
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 “Exempted Debt” means the total of the following incurred after the
effective date of this Indenture: (1) the outstanding principal amount of Debt of the Company and its Restricted Subsidiaries secured by any Lien other than a Lien permitted by paragraphs (1) through (9) of Section 4.03; plus
(2) the outstanding Attributable Debt of the Company and its Restricted Subsidiaries other than Attributable Debt arising from a Sale-Leaseback Transaction permitted by paragraphs (1) through (4) of Section 4.04. 

“Lien” means any mortgage, pledge, security interest or lien. 

“Long-Term Debt” means Debt that by its terms matures on a date more than 12 months after the date of determination or Debt
that the obligor may extend or renew without the obligee’s consent to a date more than 12 months after the date of determination. 

“Principal Property” means: (1) any real property, manufacturing plant, processing plant, warehouse or office building
located in the United States and owned or leased by the Company or a Restricted Subsidiary which has a gross book value, excluding depreciation, in excess of 2% of Consolidated Net Tangible Assets; or (2) any other property designated as such
by the President, Financial Vice President or Treasurer of the Company in a notice given to the Trustee. The definition does not include: (1) any plant, warehouse, building or other property, or any portion thereof, which, in the opinion of the
Board of Directors, is at any time not of material importance to the total business conducted by the Company and its consolidated Subsidiaries taken as a whole; or (2) any plant, warehouse, building or other property acquired by the Company or
a Restricted Subsidiary after the date of this Indenture which is financed by obligations of any State, political subdivision of any State, or the District of Columbia issued pursuant to agreements which satisfy the provisions of Section 142 or
Section 144(a) of the Internal Revenue Code of 1986, as amended, or any successor to any such provision. 
 “Restricted
Property” means any Principal Property, any Debt of a Restricted Subsidiary or any shares of stock of a Restricted Subsidiary, in each case now owned or hereafter acquired by the Company or a Restricted Subsidiary. 

“Restricted Subsidiary” means (1) any Subsidiary other than an Unrestricted Subsidiary; and (2) any Subsidiary
which was an Unrestricted Subsidiary but which subsequent to the date of this Indenture is designated by the Board of Directors to be a Restricted Subsidiary. A Subsidiary may not be designated a Restricted Subsidiary if as a result the Company
would thereby breach any covenant in this Indenture. 
 “Sale-Leaseback Transaction” means an arrangement pursuant to which
the Company or a Restricted Subsidiary now owns or hereafter acquires a Principal Property, transfers it to a third person and leases it back from such person. 

“Subsidiary” means a corporation of which at least a majority of the outstanding stock having voting power under ordinary
circumstances to elect a majority of its board of directors is owned by the Company, the Company and one or more Subsidiaries or by one or more Subsidiaries. 

“United States” means the United States of America including its territories and possessions. 

  
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 “Unrestricted Subsidiary” means: (1) Cabot International Capital
Corporation; (2) any Subsidiary acquired or organized after the date of this Indenture which is not a successor, directly or indirectly, of a Restricted Subsidiary and which does not, directly or indirectly, own an equity interest in a
Restricted Subsidiary; (3) any Subsidiary the principal assets of which are located outside the United States and the business of which is primarily conducted outside the United States; (4) any Subsidiary the principal business of which
consists of financing the acquisition or disposition of real, personal or intangible property by persons including the Company or any Subsidiary; (5) any Subsidiary the principal business of which is owning, leasing, dealing in or developing
real property for residential or office building purposes; (6) any Subsidiary, the principal business of which is the insuring or reinsuring of property, casualty or employee benefit risks; and (7) any Subsidiary substantially all of the
assets of which consist of stock or other securities of a Subsidiary or Subsidiaries of the character described in clauses (1) through (6) of this paragraph. A Subsidiary shall cease to be an Unrestricted Subsidiary when it is designated by the
Board of Directors to be a Restricted Subsidiary. 
 Section 4.02.    Payment of Securities. 

The Company shall pay the principal of, and interest and premium, if any, on each Series of Securities on the date and in the manner provided
in the Securities and this Indenture. An installment of principal or interest shall be considered paid on the date it is due if the Trustee or Paying Agent holds on that date money irrevocably designated for and sufficient to pay the installment. At
the Company’s option, (i) it can pay any interest on any Securities by mailing checks by first class mail to the Holders of such Securities at their addresses as shown on the Registrar’s books or (ii) in the case of Global
Securities, by wire transfer. 
 The Company shall pay interest on overdue principal and premium, if any, at the rate or rates borne by each
Series of the Securities; provided that the Company shall, to the extent lawful, pay interest on overdue installments of interest at the same rate or rates. 

Section 4.03.    Limitation on Liens. 

The Company shall not, and it shall not permit any Restricted Subsidiary to, incur a Lien on Restricted Property to secure a Debt without
making effective provision to secure the Securities equally and ratably with such Debt, unless: 
 (1)    the Lien is on
property, Debt or shares of stock of a corporation at the time the corporation becomes a Restricted Subsidiary; provided, however, that such Lien may not extend to any other Principal Property owned by the Company or a Restricted Subsidiary;

 (2)    the Lien is on property at the time the Company or a Restricted Subsidiary acquires or leases the property;
provided, however, that such Lien may not extend to any other Principal Property owned by the Company or a Restricted Subsidiary; 

(3)    the Lien secures Debt incurred to finance all or some of the purchase price or cost of construction or improvement
of property of the Company or a Restricted Subsidiary; provided that (i) in the case of any construction or improvement, the Lien may extend to substantially unimproved real property owned by the Company or a Restricted Subsidiary upon
which the construction or improvement is made; and (ii) such Lien may not extend to any other Principal Property owned by the Company or a Restricted Subsidiary, other than additions to such property so purchased, constructed or improved; 

  
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 (4)    the Lien secures a Debt of a Restricted Subsidiary owing to the
Company or another wholly-owned Restricted Subsidiary; 
 (5)    the Lien is on property of a corporation at the time
the corporation merges into or consolidates with the Company or a Restricted Subsidiary; 
 (6)    the Lien is on
property of a person or entity at the time such person or entity transfers or leases all or substantially all of its assets to the Company or a Restricted Subsidiary; provided, however, that such Lien may not extend to any other Principal
Property owned by the Company or a Restricted Subsidiary; 
 (7)    the Lien is in favor of a government or governmental
entity and secures (i) payments pursuant to a contract or statute, or (ii) Debt incurred to finance all or some of the purchase price or cost of construction of the property subject to such Lien; 

(8)    the Lien extends, renews, refunds or replaces (or successive extensions, renewals, refunds or replacements) in
whole or in part a Lien (such Lien, an “existing Lien”) permitted by any of clauses (1) through (7). The Lien may not extend beyond (i) the property subject to the existing Lien; and (ii) improvements and construction
on such property; provided that the Debt secured by the Lien may not exceed the Debt secured at the time by the existing Lien unless the existing Lien or a predecessor Lien was incurred under clause (4); or 

(9)    the Lien is on any electrical generating facility to secure non-recourse
debt or is on any oil, gas or other mineral property or on oil, gas or other minerals or other products or by-products produced or extracted from that oil, gas or other mineral property to secure non-recourse debt. 
 Notwithstanding the provisions of this Section 4.03, the Company or any
Restricted Subsidiary may, without equally and ratably securing the Securities, grant Liens to secure Debt which would otherwise be subject to restriction by this Section 4.03 if, at the time of such granting and after giving effect to any Debt
so secured, Exempted Debt does not exceed 15% of Consolidated Net Tangible Assets. 
 The terms of any Series of Securities adopted pursuant
to Section 2.01 may provide that this Section 4.03 is not applicable to such Series. 

Section 4.04.    Limitation on Sale and Leaseback. 

The Company shall not, and it shall not permit any Restricted Subsidiary to, enter into a Sale-Leaseback Transaction unless: 

(1)    the lease has a term including renewal rights of three years or less; 

(2)    the lease is between the Company and a Restricted Subsidiary or between Restricted Subsidiaries; 

  
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 (3)    the Company or the Restricted Subsidiary on the date such
Sale-Leaseback Transaction is to close could create a Lien on the property involved in the Sale-Leaseback Transaction to secure Debt under clause (3) or (7) of Section 4.03; or 

(4)    the Company or the Restricted Subsidiary receiving the proceeds from such Sale-Leaseback Transaction, within 180
days after it is consummated, applies, or commits to apply, an amount equal to the greater of the fair market value of the property, at the time of such Sale-Leaseback Transaction, as determined by the Board of Directors, or the proceeds to: 

(i)    the acquisition of Restricted Property, including but not limited to, the acquisition, construction, development
or improvement of property or equipment which is or upon completion of such acquisition, construction, development or improvement will be, Principal Property or a part of Principal Property; or 

(ii)    if permitted by the terms of Securities of any Series, the redemption of Securities of such Series pursuant to,
and at the redemption price referred to in, the Securities and applicable at the time of redemption, or the retirement or redemption of other Long-Term Debt of the Company or a Restricted Subsidiary. However, the Company may not receive credit for:
(x) the retirement of other Long-Term Debt at maturity or the redemption of other Long-Term Debt pursuant to any mandatory redemption provision; or (y) the retirement or redemption of any Long-Term Debt that is either subordinated to or
junior in right of payment to the Securities, or owed by the Company to a Restricted Subsidiary. 
 Notwithstanding the provisions of this
Section 4.04, the Company or any Restricted Subsidiary may enter into a Sale-Leaseback Transaction if, at the time of entering into the Sale-Leaseback Transaction and after giving effect to it, Exempted Debt does not exceed 15% of Consolidated
Net Tangible Assets. 
 The terms of any Series of Securities adopted pursuant to Section 2.01 may provide that this Section 4.04
is not applicable to such Series. 
 Section 4.05.    No Lien Created. 

This Indenture and the Securities do not create a Lien, charge or encumbrance on any property of the Company or any Subsidiary. 

Section 4.06.    Compliance Certificate. 

(1)    The Company shall deliver to the Trustee within 120 days after the end of each fiscal year of the Company an
Officers’ Certificate stating whether or not the signers know of any Default by the Company in performing its covenants and obligations hereunder that occurred during the fiscal year and is continuing. If the Company knows of such a Default at
such time, the Certificate shall describe the nature and status of the Default. The first such Officers’ Certificate shall be delivered to the Trustee by
[                        ]. 

(2)    The Company shall deliver to the Trustee within ten Business Days following the date on which the Company becomes
aware of such Default, receives notice of such Default or becomes aware of such action, as applicable, an Officers’ Certificate specifying 

  
 15 

 
any events which would constitute a Default, their status and what action the Company is taking or proposing to take in respect thereof. The Officers’ Certificate pursuant to this
Section 4.06 need not comply with Section 10.05. 
 Section 4.07.    SEC Reports. 

The Company shall file with the Trustee within 15 days after it files them with the SEC copies of the annual reports and the information,
documents and other reports (or copies of such portions of any of the foregoing as the SEC may by rules and regulations prescribe) which the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act. The
Company also shall comply with the other provisions of TIA Section 314(a). 
 ARTICLE FIVE 

Successor Corporation 

Section 5.01.    When Company May Merge, etc. 

The Company may consolidate with or merge into, or transfer all or substantially all of its assets to, one person or entity if: 

(1)    the person or entity assumes by supplemental indenture all the obligations of the Company under the Securities and
this Indenture; thereafter all such obligations of the predecessor corporation shall terminate; 
 (2)    immediately
after giving effect to the transaction, no Default would occur and be continuing; and 
 (3)    the entity formed by or
surviving such transaction, in the case of a consolidation or merger, and the transferee, in the case of a transfer, is a person or entity organized under the laws of the United States of America, any State thereof, the District of Columbia, Canada,
any province of Canada or any state which was a member of the European Union on December 31, 2003 (other than Greece). 

Section 5.02.    When Securities Must Be Secured. 

If upon any such consolidation, merger or transfer any Principal Property would become subject to an attaching Lien that secures Debt, then
before the consolidation, merger or transfer occurs, the Company by supplemental indenture shall secure the Securities by a direct Lien on all such Principal Property. The direct Lien shall have priority over the attaching Lien and over all other
Liens on such Principal Property except the Liens already on it. The direct Lien may equally and ratably secure the Securities and any other obligation of the Company or a Subsidiary entitled to such security. The direct Lien may not secure an
obligation of the Company or such a Subsidiary that is subordinated to the Securities. However, the Company need not comply with this Section if: 

(1)    the attaching Lien is permitted under any of clauses (1) through (9) of Section 4.03; or 

  
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 (2)    the Company or a Restricted Subsidiary under the next to last
paragraph of Section 4.03 could create a Lien on the Principal Property to secure Debt at least equal in amount to that secured by the attaching Lien. 

ARTICLE SIX 
 Defaults and
Remedies 
 Section 6.01.    Events of Default. 

Unless the form of a Security of a Series provides otherwise, an “Event of Default” occurs with respect to Securities of any Series
if: 
 (1)    the Company defaults in the payment of interest on any Security of that Series when the same becomes due
and payable and the Default continues for a period of 30 days; 
 (2)    the Company defaults in the payment of the
principal of, or premium, if any, on, any Security of that Series when the same becomes due and payable at maturity, upon redemption or otherwise, provided that in the case of default in the making or satisfaction of any sinking fund payment,
such default continues for a period of 30 days; 
 (3)    the Company fails to comply with any of its other agreements
in the Securities of that Series or this Indenture (other than a default which has expressly been included in this Indenture solely for the benefit of a Series of Securities other than that Series) and the default continues for the period and after
the notice specified below; 
 (4)    an event of default, as defined in any mortgage, indenture or instrument under
which there is or may be issued indebtedness of the Company or any Restricted Subsidiary for money borrowed (including an Event of Default with respect to a Security of any Series hereunder) in the principal amount exceeding $250,000,000, shall
occur with the result that such indebtedness shall have been declared due and payable prior to the date on which it would otherwise become due and payable, but if any such default is cured by the Company or such Restricted Subsidiary or is waived by
the specified percentage of holders of such mortgage, indenture or instrument entitled so to waive, then the Event of Default under this Indenture by reason of such default shall be deemed to have been cured; 

(5)    the Company, pursuant to or within the meaning of any Bankruptcy Law: 

(a)    commences a voluntary case; 

(b)    consents to the entry of an order for relief from claims against it in an involuntary case; 

(c)    consents to the appointment of a Custodian of it or for all or substantially all of its property; or 

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

  
 17 

 (6)    a court of competent jurisdiction enters an order or decree under
any Bankruptcy Law that: 
 (a)    is for relief against the Company in an involuntary case; 

(b)    appoints a Custodian of the Company or for all or substantially all of its property; or 

(c)    orders the liquidation of the Company; 

and such order or decree remains unstayed and in effect for 90 days; or 

(7)    any other Event of Default provided for Securities of that Series occurs. 

A Default with respect to any Series of Securities under clause (3) is not an Event of Default until the Trustee notifies the Company or
the Holders of at least 25% in principal amount of the outstanding Securities of that Series notify the Trustee and the Company of the Default and the Company does not cure the Default within 90 days after receipt of the notice. The notice must
specify the Default, demand that it be remedied and state that the notice is a “Notice of Default.” 

Section 6.02.    Acceleration. 

If an Event of Default with respect to Securities of any Series occurs and is continuing, the Trustee by notice to the Company, or the Holders
of at least 25% in principal amount of the outstanding Securities of that Series by notice to the Company and the Trustee, may declare that the principal of and accrued interest (or, if any of the Securities of that Series are original issue
discount Securities, such portion of the principal amount of such Securities as may be specified in the terms thereof), if any, shall be due and payable immediately. Upon such declaration, such principal (or specified amount) and interest shall be
due and payable immediately. The Holders of a majority in principal amount of the outstanding Securities of that Series by notice to the Company and the Trustee may rescind an acceleration and its consequences if the rescission would not conflict
with any judgment or decree and if all existing Events of Default (other than nonpayment of principal, interest or premium, if any, that has become due solely because of such acceleration) have been cured or waived. 

Notwithstanding any provisions to the contrary contained in this Section 6.02 and in addition thereto, upon receipt by the Trustee of any
declaration of acceleration, or rescission and annulment thereof, with respect to Securities of a Series all or part of which is represented by a Global Security, the Trustee shall establish a record date for determining Holders of outstanding
Securities of such Series entitled to join in such declaration of acceleration, or rescission and annulment, as the case may be, which record date shall be at the close of business on the day the Trustee receives such declaration of acceleration, or
rescission and annulment, as the case may be. The Holders on such record date, or their duly designated proxies, and only such Holders, shall be entitled to join in such declaration of acceleration, or rescission and annulment, as the case may be,
whether or not such Holders remain Holders after such record date; provided, however, that unless such declaration of acceleration, or rescission and annulment, as the case may be, shall have become effective by virtue of the requisite
percentage having been obtained 

  
 18 

 
prior to the day which is 90 days after such record date, such declaration of acceleration, or rescission and annulment, as the case may be, shall automatically and without further action by any
Holder be cancelled and of no further effect. Nothing in this paragraph shall prevent a Holder, or a proxy of a Holder, from giving, after expiration of such 90-day period, a new declaration of acceleration,
or rescission or annulment thereof, as the case may be, that is identical to a declaration of acceleration, or rescission or annulment thereof, which has been cancelled pursuant to the proviso to the preceding sentence, in which event a new record
date shall be established pursuant to the provisions of this Section 6.02. 
 Section 6.03.    Other
Remedies. 
 If an Event of Default with respect to Securities of any Series occurs and is continuing, the Trustee may pursue any
available remedy by proceeding at law or in equity to collect the payment of principal of, interest or premium, if any, on, the Securities of that Series or to enforce the performance of any provision of the Securities of that Series or this
Indenture. 
 The Trustee may maintain a proceeding even if it does not possess any of the Securities of that Series or does not produce any
of them in the proceeding. A delay or omission by the Trustee or any Securityholder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of
Default. No remedy is exclusive of any other remedy. All available remedies are cumulative to the extent permitted by law. 

Section 6.04.    Waiver of Past Defaults. 

Subject to Sections 6.07 and 9.02, the Holders of a majority in principal amount of the outstanding Securities or any Series on behalf of the
Holders of the outstanding Securities of that Series by notice to the Trustee may waive an existing past Default or Event of Default and its consequences but such waiver shall not extend to any future Event of Default. When a Default or Event of
Default is waived by the Holders of any Series of Securities, it is cured and stops continuing with respect to Securities of that Series. 

Section 6.05.    Control by Majority. 

The Holders of a majority in principal amount of the outstanding Securities of any Series may direct the time, method and place of:
(1) conducting any proceeding for any remedy available to the Trustee; or (2) exercising any trust or power conferred on the Trustee with respect to the Securities of that Series. However, the Trustee may refuse to follow any direction
that conflicts with law or this Indenture, or subject to Section 7.01, that the Trustee determines would be unduly prejudicial to the rights of other Securityholders of that Series or that would involve the Trustee in personal liability. 

Notwithstanding any provisions to the contrary contained in this Section 6.05, and in addition thereto, upon receipt by the Trustee of
any direction with respect to Securities of a Series all or part of which is represented by a Global Security, the Trustee shall establish a record date for determining Holders of outstanding Securities of such Series entitled to join in such
direction, which record date shall be at the close of business on the date the Trustee receives such direction. The Holders on such record date, or their duly designated proxies, and only such 

  
 19 

 
Holders, shall be entitled to join in such direction, whether or not such Holders remain Holders after such record date; provided, however, that unless such majority in principal amount
shall have been obtained prior to the day which is 90 days after such record date, such direction shall automatically and without further action by any Holder be cancelled and of no further effect. Nothing in this paragraph shall prevent a Holder,
or a proxy of a Holder from giving, after expiration of such 90-day period, a new direction identical to a direction which has been cancelled pursuant to the proviso to the preceding sentence, in which event a
new record date shall be established pursuant to the provisions of this Section 6.05. 

Section 6.06.    Limitation on Suits. 

A Securityholder may pursue a remedy with respect to this Indenture or the Securities of that Series only if: 

(1)    the Holder gives to the Trustee written notice of a continuing Event of Default; 

(2)    the Holders of at least 25% in principal amount of the outstanding Securities of that Series make a written request
to the Trustee to pursue the remedy; 
 (3)    such Holder or Holders offer to the Trustee indemnity satisfactory to the
Trustee against any loss, liability or expense; 
 (4)    the Trustee does not comply with the request within 60 days
after receipt of the request and the offer of indemnity; and 
 (5)    during such
60-day period the Holders of a majority in principal amount of the outstanding Securities of that Series do not give the Trustee a direction inconsistent with the request. 

A Holder of any Series of Securities may not use any provision of this Indenture to prejudice the rights of another Holder of any Securities
of that Series or to obtain a preference or priority over another Holder of any Securities of that Series. 

Section 6.07.    Rights of Holders to Receive Payment. 

Notwithstanding any other provision of this Indenture, the right of any Holder of a Security to receive payment of principal of, interest and
premium, if any, on the Security, on or after the respective due dates expressed in the Security, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of
the Holder. 
 Section 6.08.    Collection Suit by Trustee. 

If an Event of Default specified in Section 6.01(1) or (2) occurs and is continuing for Securities of any Series, the Trustee may
recover judgment in its own name and as Trustee of an express trust against the Company for the whole amount of principal, interest and any premium remaining unpaid on the Securities of that Series. 

  
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 Section 6.09.    Trustee May File Proofs of Claim. 

The Trustee may file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the
Trustee and the Holders of Securities of any Series allowed in any judicial proceedings relative to the Company, its creditors or its property. 

Section 6.10.    Priorities. 

If the Trustee collects any money pursuant to this Article with respect to Securities of any Series, it shall pay out the money in the
following order: 
 FIRST: to the Trustee and any predecessor trustee of the Securities of that Series for amounts due under
Section 7.07; 
 SECOND: to Holders of Securities of that Series for amounts due and unpaid on the Securities of that Series for
principal, interest and premium, if any, ratably without preference or priority of any kind, according to the amounts due and payable on the Securities of that Series for principal, interest and premium, if any, respectively; and 

THIRD: to the Company. 
 The
Trustee may fix a record date and payment date for any payment to Securityholders pursuant to this Section 6.10. 

Section 6.11.    Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted
by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’
fees, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section does not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07
or a suit by Holders of more than 10% in principal amount of the Securities of any Series. 
 ARTICLE SEVEN 

Trustee 

Section 7.01.    Duties of Trustee. 

(a)    If an Event of Default has occurred and is continuing, the Trustee shall exercise its rights and powers and use the
same degree of care and skill in their exercise as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. 

  
 21 

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

(1)    the Trustee need perform only those duties that are specifically set forth in this Indenture and no others; and

 (2)    in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements
and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, the Trustee shall examine the certificates and opinions to determine whether
or not they conform to the requirements of this Indenture. 
 (c)    The Trustee may not be relieved from liability for
its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 
 (1)    this
paragraph (c) does not limit the effect of paragraph (b) of this Section; 
 (2)    the Trustee shall not be
liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 

(3)    the Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance
with a direction received by it pursuant to Section 6.05. 
 (d)    Every provision of this Indenture that in any
way relates to the Trustee is subject to paragraphs (a), (b) and (c) of this Section. 
 (e)    The Trustee may
refuse to perform any duty or exercise any right or power unless it is assured of indemnity satisfactory to it against any loss, liability or expense. 

(f)    The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree with the
Company. 
 (g)    Anything in this Indenture notwithstanding, in no event shall the Trustee be liable for special,
indirect, punitive or consequential loss or damage of any kind whatsoever (including but not limited to loss of profit), even if the Trustee has been advised as to the likelihood of such loss or damage and regardless of the form of action in which
such damages are sought. 
 (h)    The Trustee shall not be responsible or liable for any failure or delay in the
performance of its obligations under this Indenture arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including acts of God; earthquakes; fire; flood; terrorism; wars and other military disturbances;
sabotage; epidemics; riots; interruptions; loss or malfunctions of utilities, computer (hardware or software) or communication services; accidents; labor disputes; acts of civil or military authority and governmental action; provided that the
Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

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

  
 22 

 (j)    The Trustee shall not be required to expend or risk its own funds
or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity
against such risk or liability is not assured to it. 
 (k)    The Trustee shall not be liable for any action taken or
omitted to be taken by it in good faith and believed by it to be authorized or within the rights or powers conferred upon it by this Indenture. 

(l)    The Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of
the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a Default is received by the Trustee at the corporate trust office of the Trustee, and such notice references the Securities and this Indenture.

 (m)    The permissive rights of the Trustee enumerated herein shall not be construed as duties. 

(n)    The Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in
accordance with the direction of the Holders of not less than a majority in principal amount of the outstanding Securities of any Series, relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or
exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such Series. 

Section 7.02.    Rights of Trustee. 

(1)    The Trustee may rely on any document believed by it to be genuine and to have been signed or presented by the proper
person. The Trustee need not investigate any fact or matter stated in the document. 
 (2)    Before the Trustee acts or
refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on the Officers’ Certificate or Opinion of Counsel.

 (3)    The Trustee may act through agents and shall not be responsible for the misconduct or negligence of any agent
appointed with due care. 
 (4)    The Trustee shall not be liable for any action it takes or omits to take in good
faith which it believes to be authorized or within its rights or powers. 
 (5)    The Trustee may consult with counsel
of its selection and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in accordance with such advice or
Opinion of Counsel. 
 (6)    In the event the Trustee is also acting as Registrar, Paying Agent, Custodian or transfer
agent pursuant to this Indenture, the rights, privileges, protections, immunities and indemnities given to the Trustee are extended to, and shall be enforceable by, the Trustee in its capacity as Registrar, Paying Agent, Custodian or transfer agent
hereunder. 

  
 23 

 (7)    The Trustee may request that the Company deliver an
Officers’ Certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person authorized to sign
an Officers’ Certificate, including any person specified as so authorized in any such certificate previously delivered and not superseded; provided that the Trustee may request an updated certificate pursuant to this clause (7) solely in
the event that the Trustee reasonably believes that the last such certificate received from the Company or currently on file is no longer accurate. 

Section 7.03.    Individual Rights of Trustee. 

The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or an
Affiliate with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. However, the Trustee is subject to Sections 7.10 and 7.11. 

Section 7.04.    Trustee’s Disclaimer. 

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

Section 7.05.    Notice of Defaults. 

If a Default occurs and is continuing with respect to Securities of any Series and if it is known to the Trustee, the Trustee shall mail to
each Holder of Securities of that Series notice of the Default within 90 days after it occurs. Except in the case of a Default in payment on any Security of that Series, the Trustee may withhold the notice if and so long as a committee of its
Responsible Officers in good faith determines that withholding the notice is in the interests of Holders of Securities of that Series. 

Section 7.06.    Reports by Trustee to Holders. 

Within 60 days after each May 15 beginning with the May 15 following the date of this Indenture, the Trustee shall mail to the
Company and each Securityholder a brief report dated as of such May 15 that complies with TIA Section 313(a). The Trustee shall also comply with TIA Section 313(b). 

A copy of each report at the time of its mailing to Securityholders shall be filed with the SEC and each stock exchange on which the
Securities of any Series are listed. 
 The Company shall notify the Trustee whenever the Securities of any Series are listed on any stock
exchange. 

  
 24 

 Section 7.07.    Compensation and Indemnity. 

The Company shall pay to the Trustee from time to time reasonable compensation for its services (which compensation shall not be limited by any
provision of law in regard to the compensation of a trustee of an express trust). The Company shall reimburse the Trustee upon request for all reasonable out-of-pocket
expenses incurred by it. Such expenses shall include the reasonable compensation and expenses of the Trustee’s agents and counsel. 

Except as provided below in this paragraph, the Company shall indemnify each of the Trustee and any predecessor trustee of the Securities of
that Series against any loss or liability incurred by it in connection with the administration of the trust created by this Indenture or the performance of its duties hereunder, including all reasonable costs and expenses in defending itself against
any claim or liability in connection with the exercise or performance of any of its powers and duties under this Indenture. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity but failure to do so shall not
relieve the Company of its obligations under this Section 7.07. The Company need not pay for any settlement made by the Trustee without the Company’s consent. The Company need not reimburse any expense or indemnify against any loss or
liability incurred by either the Trustee or any predecessor trustee of the Securities of that Series through its own negligence or bad faith. In respect of the Company’s payment obligations in this Section 7.07, the Trustee shall have a
senior claim to which the Securities are hereby made subordinate on all money or property held or collected by the Trustee as such and not in its individual capacity, except for money or property held in trust for the benefit of the Holders to pay
the principal of and interest and premium, if any, on particular Securities. 
 Section 7.08.    Replacement of
Trustee. 
 The Trustee may resign with respect to any or all Series of Securities by so notifying the Company. The Holders of a majority
in principal amount of the outstanding Securities or any Series may remove the Trustee with respect to the Securities of that Series by notifying the removed Trustee and the Company. Those Holders may appoint a successor Trustee with respect to the
Securities of that Series with the Company’s consent. The Company may remove the Trustee with respect to any or all Series of Securities or, if there is more than one Trustee hereunder, with respect to all Series of Securities for which such
Trustee acts as Trustee if: 
 (1)    the Trustee fails to comply with Section 7.10; 

(2)    the Trustee is adjudged a bankrupt or an insolvent; 

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

(4)    the Trustee becomes incapable of acting. 

If the Trustee with respect to one or more Series of Securities resigns or is removed or if a vacancy exists in the office of Trustee for any
reason, the Company shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the Securities may appoint a successor Trustee to replace the successor
Trustee appointed by the Company. 

  
 25 

 If a successor Trustee with respect to one or more Series of Securities does not take office
within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of a majority in principal amount of the Securities with respect to such Series of Securities may petition any court of competent
jurisdiction for the appointment of a successor Trustee. 
 If the Trustee fails to comply with Section 7.10, any Securityholder may
petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
 A successor
Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. 
 Immediately after that, the
retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee, the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the
Trustee under this Indenture with respect to the Securities of any Series for which it acts as Trustee. A successor Trustee shall mail notice of its succession to each Holder of Securities of a Series for which it acts as Trustee. 

If at the time a successor to the Trustee succeeds to the trusts created by this Indenture any of the Securities of any Series shall have been
authenticated but not delivered, the successor to the Trustee of the Securities of that Series may adopt the certificate of authentication of any predecessor trustee for that Series of Securities and deliver the Securities for that Series so
authenticated. If at that time any of the Securities of a Series shall not have been authenticated, any successor to the Trustee for that Series of Securities may authenticate the Securities for that Series either in the name of any predecessor
trustee for that Series of Securities hereunder or in the name of the successor Trustee. In all such cases the certificate of authentication shall have the same force and effect which the provisions of the Securities or this Indenture provided that
certificates of authentication of the Trustee shall have, except that the right to adopt the certificate of authentication of any predecessor trustee for a Series of Securities or to authenticate Securities of a Series in the name of any predecessor
trustee for that Series of Securities shall apply only to its successor or successors by merger, conversion or consolidation. 

Section 7.09.    Successor Trustee by Merger, etc. 

If the Trustee consolidates, merges or converts into, or transfers all or substantially all of its corporate trust assets to, another
corporation, the successor corporation shall be the successor Trustee, without any further act. 

Section 7.10.    Eligibility Disqualification. 

This Indenture shall always have for each Series of Securities a Trustee who satisfies the requirements of TIA Section 310(a)(l). The
Trustee shall always have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition. If any Series of Securities is admitted to trading on the New York Stock Exchange, Inc., or any
successor thereto, the Company shall ensure that a transfer agent facility maintain an office or agency in the Borough of Manhattan, the City of New York, as long as such Series of 

  
 26 

 
Securities shall be so admitted. With respect to each Series of Securities, the Trustee shall comply with TIA §310(b), including the proviso contained in TIA §310(b)(1) and the optional
provision permitted by the second sentence of TIA §310(b)(9). 
 Section 7.11.    Preferential Collection
of Claims Against Company. 
 The Trustee shall comply with TIA Section 311(a), excluding any creditor relationship listed in TIA
Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated. 

ARTICLE EIGHT 
 Discharge of
Indenture 
 Section 8.01.    Termination of Company’s Obligations. 

The Company at any time may terminate its obligation to pay an installment of principal and premium, if any, or interest if it deposits with
the Trustee money or U.S. Government Obligations sufficient to pay the installment when due. The Company shall designate the installment for which payment is being made. 

The Company at any time may terminate all of its obligations under the Securities of any or all Series and this Indenture with respect to such
Series or all Series if: 
 (1)    all Securities of such Series previously authenticated and delivered (other than
destroyed, lost or stolen Securities of such Series which have been replaced or paid) have been delivered to the Trustee for cancellation; or 

(2)    the Company irrevocably deposits in trust with the Trustee money or U.S. Government Obligations (a) sufficient
to pay the principal of, and interest and premium, if any, on the Securities of such Series to maturity or redemption, as the case may be, or (b) in the case of a Series of Securities which provides for a mandatory sinking fund, sufficient to
make all mandatory sinking fund payments to maturity and sufficient to pay at maturity any principal of and interest on such Series for Securities of such Series not redeemed prior to maturity (other than monies paid to the Company or discharged
from trust in accordance with Section 8.03). 
 However, the Company’s obligations in Sections 2.04, 2.05, 2.06, 2.07, 2.08, 4.02,
7.07, 7.08 and 8.03 with respect to the Securities of such Series shall survive until the Securities of such Series are no longer outstanding. Thereafter the Company’s obligations in Section 7.07 shall survive. 

After such a deposit, the Trustee upon request shall acknowledge, in writing, the discharge of the Company’s obligations under the
Securities of such Series and this Indenture except for those surviving obligations specified above. 
 In order to have money available on
a payment date to pay principal of, and interest or premium, if any, on, the Securities, the U.S. Government Obligations shall be payable as to principal of, interest or premium, if any, on or before such payment date in such amounts as will provide
the necessary money. U.S. Government Obligations shall not be callable at the issuer’s option. 

  
 27 

 Section 8.02.    Application of Trust Money. 

The Trustee shall hold in trust money or U.S. Government Obligations deposited with it pursuant to Section 8.01. It shall apply the
deposited money and the money from U.S. Government Obligations through the Paying Agent in accordance with this Indenture to the payment of principal of, interest and premium, if any, on, the Securities of the Series or to the payment of any
mandatory sinking fund payments, for which the money or U.S. Government Obligations have been deposited. 

Section 8.03.    Repayment to Company. 

The Trustee and the Paying Agent shall promptly pay to the Company upon request any excess money or U.S. Government Obligations held by them at
any time. The Trustee and Paying Agent shall pay to the Company upon request any money or U.S. Government Obligations held by them for the payment of principal, interest or premium, if any, on any Security or for the payment of any mandatory sinking
fund payments, that remains unclaimed for two years after such principal, interest, premium or mandatory sinking fund payments have become due and payable. If such money or U.S. Government Obligations are then held by the Company they shall be
discharged from the trust. After that, Securityholders entitled to the money must look to the Company for payment as unsecured general creditors unless an applicable abandoned property law designates another person or entity. 

ARTICLE NINE 
 Amendments,
Supplements and Waivers 
 Section 9.01.    Without Consent of Holders. 

The Company and the Trustee may amend or supplement this Indenture or the Securities without notice to or consent of any Securityholder: 

(1)    to cure any ambiguity, omission, defect or inconsistency or to make other formal changes; 

(2)    to comply with Article Four or Five; 

(3)    to provide for uncertificated Securities in addition to or in place of certificated Securities; 

(4)    to add to the covenants of the Company or to add any additional Events of Default for the benefit of all or any
Series of Securities; 
 (5)    to add to or change any of the provisions of this Indenture to such extent as shall be
necessary to permit or facilitate the issuance of Securities in (i) bearer form, registrable or not registrable as to principal, and/or (ii) coupon form, registrable or not registrable as to principal, and to provide for exchangeability of
such Securities with Securities issued hereunder in fully registered form; 

  
 28 

 (6)    to add to or change any provisions of this Indenture as shall be
necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee; 
 (7)    to
establish the form or terms of the Securities of any Series pursuant to Section 2.01; 
 (8)    to make any change
that does not adversely affect the rights of any Securityholder, provided that none of such changes shall adversely affect the rights of any Securityholder; 

(9)    to modify or amend this Indenture in such a manner as to permit the qualification of this Indenture or any
supplemental indenture under the TIA as then in effect; 
 (10)    to conform any provision in this Indenture and any
supplemental indenture to the description of any Securities in an offering document; 
 (11)    to add guarantees with
respect to the Securities or to secure the Securities; or 
 (12)    to provide for the issuance of additional debt
securities of any Series. 
 Section 9.02.    With Consent of Holders. 

The Company and the Trustee may amend this Indenture or the Securities without notice to any Securityholder but with the written consent of the
Holders of at least a majority in principal amount of the outstanding Securities of each Series affected by such indenture supplement or amendment (each Series voting separately as one class). The Holders of a majority in principal amount of the
outstanding Securities of each such Series (each Series voting separately as one class) may waive compliance by the Company in a particular instance with any provision of this Indenture or the Securities of such Series without notice to any Holder
of Securities of such Series. Without the consent of each Securityholder affected, however, an amendment, supplement or waiver, including a waiver pursuant to Section 6.04, may not: 

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

(2)    reduce the rate of or change the time for payment of interest on any Security; 

(3)    reduce the principal of or change the fixed maturity of any Security; 

(4)    waive a default in the payment of the principal of or premium, if any, or interest on any Security; 

  
 29 

 (5)    make any Security payable in money other than that stated in the
Security; or 
 (6)    change the provisions applicable to the redemption of any Security. 

It shall not be necessary for the consent of the Holders under this Section to approve the particular form of any proposed supplement, but it
shall be sufficient if such consent approves the substance thereof. 
 Section 9.03.    Compliance with Trust
Indenture Act. 
 Every amendment to or supplement of this Indenture or the Securities shall comply with the TIA as then in effect. 

Section 9.04.    Revocation and Effect of Consents. 

A consent to an amendment, supplement or waiver by a Holder of a Security of any Series is a continuing consent, irrevocable for a period of
nine months from the date given or, if earlier, until the amendment, supplement or waiver becomes effective, both as to the Holder giving such consent and as to every subsequent Holder of a Security of that Series or a portion of such a Security
that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on each Security of that Series. An amendment, supplement or waiver becomes effective in accordance with its terms and thereafter
binds every Securityholder of that Series. 
 Section 9.05.    Notation on or Exchange of Securities. 

If an amendment, supplement or waiver changes the term of a Security, the Trustee may require the Holder of the Security to deliver it to the
Trustee. The Trustee may place an appropriate notation on the Security about an amendment, supplement or waiver and return it to the Holder. Alternatively, the Company in exchange for Securities may issue and the Trustee shall authenticate new
Securities that reflect an amendment, supplement or waiver. 
 Section 9.06.    Trustee to Sign Amendments,
etc. 
 The Trustee need not sign any supplemental indenture that adversely affects its rights. In signing such amendment, supplement or
waiver, the Trustee shall be entitled to receive, and (subject to Section 7.01) shall be fully protected in relying upon, an Officers’ Certificate and Opinion of Counsel stating that such amendment, supplement or waiver is authorized or
permitted by this Indenture. 

  
 30 

 ARTICLE TEN 

Miscellaneous 

Section 10.01.    Trust Indenture Act Controls. 

If any provision of this Indenture limits, qualifies, or conflicts with another provision which is required to be included in this Indenture by
the TIA, the required provision shall control. 
 Section 10.02.    Notices. 

Any notice or communication shall be in writing and delivered in person, by facsimile or mailed by first-class mail to the other’s address
as follows: 
  

									
		 	if to the Company:	 	Cabot Corporation	 		 	
		 		 	Two Seaport Lane	 		 	
	                                	 		 	Suite 1300	 		 	
		 		 	Boston, Massachusetts 02210	 		 	
		 		 	Attention: Vice President and Treasurer	 	
		 		 	Facsimile:	 		 	
					
		 	if to the Trustee:	 	[●]	 		 	
		 		 	Attention:	 		 	
		 		 	Facsimile:	 		 	

 The Company or the Trustee by notice to the other may designate additional or different addresses for
subsequent notices or communications. 
 Any notice or communication to a Holder of a Security shall be mailed by first class mail to his or
her address shown on the register kept by the Registrar or delivered by electronic transmission in accordance with the applicable procedures of the Depository. Failure to mail (or deliver by electronic transmission in accordance with the applicable
procedures of the Depository) a notice or communication to a Securityholder or any defect in it shall not affect its sufficiency with respect to other Securityholders. 

Notices given by publication will be deemed given on the first date on which publication is made, and notices given by first-class mail,
postage prepaid, will be deemed given five calendar days after mailing. Notwithstanding any other provision of this Indenture or any Global Security, where the Indenture or Global Security provides for notice of any event (including any notice of
redemption) to any Holder (whether by mail or otherwise), such notice shall be sufficiently given if given to any applicable Depository (or its designee) according to the applicable procedures of such Depository. If such notice or communication is
mailed (or delivered by electronic transmission in accordance with the applicable procedures of the Depository) in the manner provided above within the time prescribed, it is duly given, whether or not the addressee receives it. 

  
 31 

 Section 10.03.    Communication by Holders with Other
Holders. 
 Securityholders may communicate pursuant to TIA Section 312(b) with other Securityholders with respect to their rights
under this Indenture or the Securities. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA Section 312(c). 

Section 10.04.    Certificate and Opinion as to Conditions Precedent. 

Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the
Trustee: 
 (1)    an Officers’ Certificate stating that, in the opinion of the signers, all conditions precedent,
if any, provided for in this Indenture relating to the proposed action have been complied with; and 
 (2)    an Opinion
of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 

Section 10.05.    Statements Required in Certificate or Opinion. 

Each Officers’ Certificate or Opinion of Counsel with respect to compliance with a condition or covenant provided for in this Indenture
shall include: 
 (1)    a statement that the person making such Officers’ Certificate or Opinion of Counsel has
read such covenant or condition; 
 (2)    a brief statement as to the nature and scope of the examination or
investigation upon which the statements or opinions contained in such Officers’ Certificate or Opinion of Counsel are based; 

(3)    a statement that, in the opinion of such person, he or she has made such examination or investigation as is
necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

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

 Section 10.06.    Treasury Securities. 

In determining whether the Holders of the required principal amount of Securities have concurred in any direction, waiver or consent,
Securities owned by the Company or an Affiliate shall be disregarded, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Securities which the Trustee knows are
so owned shall be so disregarded. 
 Securities so owned which have been pledged in good faith shall not be disregarded if the pledgee
establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to the Securities and that the pledgee is not the Company or an Affiliate. 

  
 32 

 Section 10.07.    Rules by Trustee, Paying Agent, Registrar.

 The Trustee may make reasonable rules for action by or a meeting of Securityholders. The Registrar or Paying Agent may make reasonable
rules and set reasonable requirements for its functions. 
 Section 10.08.    Legal Holidays. 

If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal
Holiday, and no interest shall accrue for the intervening period. 
 Section 10.09.    Governing Law. 

The laws of The State of New York shall govern this Indenture and the Securities. 

Section 10.10.    No Recourse Against Others. 

All liability described in the Securities of any director, officer, employee or stockholder, as such, of the Company is waived and released.

 Section 10.11.    Successors. 

All agreements of the Company in this Indenture and the Securities shall bind its successor. All agreements of the Trustee in this Indenture
shall bind its successor. 
 Section 10.12.    Execution in Counterparts. 

The parties may sign this Indenture in any number of counterparts, each of which shall be an original, but such counterparts shall together
constitute but one and the same agreement. 
 [Signature Page Follows] 

  
 33 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and
their respective corporate seals, if applicable, to be hereunto affixed and attested, all as of the day and year first written above. 
  

							
		 		 	Cabot Corporation, as the Company

							
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	
				
	Attest:	 		 		 	
				
	(SEAL)	 		 		 	

							
			
		 		 	[●], as Trustee
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	

 Attest: 

 EXHIBIT A 

(FORM OF FACE OF SECURITY) 
  

			
	No.	  	$

 CABOT CORPORATION 

(Insert Title of Securities) 
 promises to
pay to 
 or registered assigns the principal sum of 
 Dollars
on 
  

					
	 Interest Payment Dates:
	  	and	  	
	 Record Dates:
	  	and	  	

 Additional provisions of this Security are set forth on the other side of this Security. 

 

							
		 		 	Cabot Corporation, as the Company
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	
	[SEAL]	 		 		 	
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	

 Dated: 
  

			
	This is one of the Securities of the Series designated therein issued under the within mentioned Indenture.
	
	[●], as Trustee
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 Exh. A-1 

 (FORM OF REVERSE OF SECURITY) 

CABOT CORPORATION 
  

			
	%	  	Due

 1.    Interest 

Cabot Corporation, a Delaware corporation (the “Company”), promises to pay interest on the principal amount of this Security at the rate per annum
shown above. The Company will pay interest semi-annually on and of each year (the “Interest Payment Dates”), beginning on . Interest on the Security will accrue from the most recent date to which interest has been paid or, if no interest
has been paid, from . Interest will be computed 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 of this Series (except defaulted interest) to the persons who are registered holders of the
Securities of this Series (the “Holders”) at the close of business on the         th day of the month (the “Record Dates”) next preceding the Interest Payment Date. Holders must surrender
the Securities of this Series to a Paying Agent to collect principal payments. The Company will pay principal and interest in money of the United States that at the time of payment is legal tender for payment of public and private debts. However,
the Company may pay principal and interest and premium, if any, by its check payable in such money. It may mail an interest check to a Holder’s registered address. 

3.    Paying Agent and Registrar. 

Initially, [●], will act as Registrar and Paying Agent. The Company may change any Registrar or Paying Agent without notice. The Company
may act as Registrar or Paying Agent. 
 4.    Indenture. 

This Security is one of a duly authorized Series of Securities designated on the face hereof issued by the Company under an Indenture dated as
of [    ] (the “Indenture”), between the Company and [●] (the “Trustee”). The terms of the Securities of this Series include those stated in this Security, in the Indenture and those made part of the
Indenture by reference to the TIA. The Securities of this Series are subject to all such terms and Holders are referred to this Security, the Indenture and the TIA for a statement of them. The Securities of this Series are general unsecured
obligations of the Company. 
 [    ]    Optional Redemption. [If applicable, insert] 

The Company may redeem all the Securities of this Series at any time or some of them from time to time at the following redemption prices
(expressed in percentages of principal amount), plus accrued interest, if any, to the redemption date: 

  
 Exh. A-2 

 If redeemed during the 12-month period ending 

 

							
	 Year
	  	Percentage	  	Year	  	Percentage

 and thereafter without premium. 

However, the Company may not so redeem the Securities of this Series before , through refunding directly or indirectly from, or in
anticipation of, money borrowed by or for the account of the Company or a Subsidiary at an interest cost (calculated in accordance with generally accepted financial practice) of % per annum or less. In the case of any redemption pursuant to this
paragraph prior to , 20 , the Company will deliver to the Trustee, prior to the mailing of any notice of such redemption, an Officers’ Certificate stating that such redemption will comply with this limitation. 

[    ]    Mandatory Redemption—Sinking Fund. [If applicable, insert] 

The Company will redeem $ principal amount of Securities of this Series on and on each thereafter through at a redemption price of 100% of
principal amount, plus accrued interest, if any, to the redemption date. The Company may, at its option, receive credit towards the principal amount of the Securities of this Series to be redeemed pursuant to this paragraph in an amount equal to
100% of the principal amount (excluding premium) of any Security of this Series that the Company has delivered to the Trustee for cancellation or redemption other than pursuant to this paragraph. The Company may also so receive credit for the same
Security of this Series only once. 
 [    ] Additional Optional Redemption. [If applicable, insert] 

In addition to redemption pursuant to paragraph , the Company may redeem not more than $ principal amount of the Securities of this Series, or
such lesser amount which is a multiple of $1,000, on , and on each thereafter through at a redemption price of 100% of principal amount, plus accrued interest, if any, to the redemption date. The right to redeem such an additional amount shall not
accumulate from year to year, but shall lapse to the extent not exercised in any year it is available. At the election of the Company, any optional redemptions so made may be applied to reduce the amount of any subsequent mandatory sinking fund
payment required in paragraph 
 [    ] Notice of Redemption. [If applicable, insert] 

Notice of redemption will be mailed to each Holder of a Security of the Series to be redeemed at his or her registered address or delivered by
electronic transmission in accordance with the applicable procedures of the Depository at least 30 days but not more than 60 days before the redemption date. Securities of this Series in denominations larger than $1,000 may be redeemed in part. On
and after the redemption date, interest will not accrue on the Securities of this Series or portions of them called for redemption. 

  
 3 

 [    ] Denominations, Transfer, Exchange. 

The Securities of this Series are in registered form without coupons in denominations of $1,000 and multiples of $1,000. 

A Holder may transfer or exchange a Security in accordance with the Indenture. The Registrar may require a Holder, among other things, to
furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. 
 [If
applicable, insert] The Registrar need not transfer or exchange any Security selected for redemption. Also, it need not transfer or exchange any Security for a period beginning 15 days before the selection of Securities to be redeemed and ending on
the day of a mailing of the notice of redemption. 
 [    ] Persons Deemed Owners. [If applicable, insert] 

The registered Holder of a Security may be treated as the owner of it for all purposes, except as otherwise provided in paragraph 2 of this
Security. 
 [    ] Unclaimed Money. 

If money for the payment of principal or interest remains unclaimed for two years, the Trustee or Paying Agent will pay the money back to the
Company at its request. After that, Holders entitled to the money must look to the Company and not to the Trustee for payment unless an abandoned property law designates another person. 

[    ] Amendments, Supplements and Waivers. 

Subject to certain exceptions, the Indenture or the Securities of any Series may be amended or supplemented and compliance with any provisions
may be waived, in each case, as provided in the Indenture. 
 [    ] Restrictive Covenants. 

The Indenture does not limit other unsecured debt. It does limit certain Liens and Sale-Leaseback Transactions with respect to certain property
described in the Indenture. 
 [    ] Successor Corporation. 

When a successor assumes the obligations of the Company to the Holders, the Company will be released from those obligations. 

[    ] Defaults and Remedies. 

An Event of Default is defined in Section 6.01 of the Indenture. If an Event of Default occurs and is continuing, the Trustee or the
Holders of at least 25% in principal amount of the Securities of the Series affected may declare the principal of and accrued interest, if any, of all of the Securities of the Series to be due and payable immediately. Holders may not enforce the

  
 4 

 
Indenture or this Security except as provided in the Indenture. The Trustee may require indemnity satisfactory to it from Holders who request the Trustee to enforce the Indenture or the
Securities of the Series affected. 
 Subject to certain limitations, Holders of a majority in principal amount of the Securities of a
Series may direct the Trustee in its exercise of any trust or power with respect to the Securities of such Series. The Trustee may withhold from Holders notice of any continuing default (except a default in payment of principal, interest or any
premium) if it determines that withholding notice is in their interests. 
 [    ] Trustee Dealings with Company. 

The Trustee, in its individual or any other capacity, may make loans to, accept deposits from and perform services for the Company or its
Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not Trustee. 
 [    ] No Recourse Against
Others. 
 A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the
Company under the Security of any Series or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Holder by accepting a Security waives and releases all such liability. The waiver and release
are part of the consideration for the issue of the Security. 
 [    ] Authentication. 

This Security shall not be valid until authenticated by the manual signature of the Trustee. 

[    ] Abbreviations. 

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

The Company will furnish to any Holder, upon written request and without charge, a copy of the Indenture. Requests may be made to: 

Secretary 
 Two Seaport Lane 

Suite 1300 
 Boston, Massachusetts 02210 

  
 5

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