Document:

EX-4.2

 Exhibit 4.2 
  

 
 Registration Rights Agreement

 Dated as of April 20, 2016 

by and among 
 MGP
Escrow Issuer, LLC 
 and 

MGP Escrow Co-Issuer, Inc. 

on the one hand, 
 and

 J.P. Morgan Securities LLC 

and 
 Merrill Lynch,
Pierce, Fenner & Smith Incorporated 
 and 

the Initial Purchasers, 

on the other hand 
  

 

 Exhibit 4.2 

REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT (the “Agreement”) is made and entered into on April 20, 2016, by and among MGP
Escrow Issuer, LLC, a Delaware limited liability company (the “Escrow Issuer,” to be merged (the “Merger”) with and into MGM Growth Properties Operating Partnership LP, a Delaware limited partnership (including any
of its successors, the “Company”)) and its wholly-owned subsidiary, MGP Escrow Co-Issuer, Inc., a Delaware corporation (the “Co-Issuer”), on the one hand, and J.P. Morgan Securities LLC and Merrill Lynch, Pierce,
Fenner & Smith Incorporated on their own behalf and as representatives of each of the other Initial Purchasers named in Schedule A hereto (collectively, the “Initial Purchasers”), on the other hand. As used herein,
“Issuers” shall mean (i) prior to the date of the Merger, the Escrow Issuer and the Co-Issuer, and (ii) from and after the date of the Merger, the Company and the Co-Issuer. 

This Agreement is made pursuant to that certain Purchase Agreement, dated April 6, 2016, by and among the Issuers and the Initial
Purchasers (the “Purchase Agreement”), which provides for the sale by the Issuers to the Initial Purchasers of an aggregate of $1,050,000,000 principal amount of the Issuers’ 5.625% Senior Notes due 2024 (the
“Notes”). In order to induce the Initial Purchasers to enter into the Purchase Agreement, the Issuers have agreed to provide to the Initial Purchasers and their direct and indirect transferees the registration rights set forth in
this Agreement. The execution of this Agreement is a condition to the closing under the Purchase Agreement. 
 NOW, THEREFORE,
in consideration of the foregoing premises and the mutual promises contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the parties hereto covenant and agree as follows:

 1. Definitions. 

As used in this Agreement, the following capitalized defined terms shall have the following meanings: 

“1933 Act” shall mean the Securities Act of 1933, as amended from time to time. 

“1934 Act” shall mean the Securities Exchange Act of 1934, as amended from time to time. 

“Additional Guarantor” shall mean any subsidiary of the Company that becomes a Subsidiary Guarantor under the Indenture after
the date of this Agreement. 
 “Additional Interest” shall have the meaning set forth in Section 2.5(a) hereof.

 “Automatic Shelf Registration Statement” shall mean an “automatic shelf registration statement” as that term
is defined in Rule 405, as amended, under the 1933 Act. 
 “Business Day” shall mean any day that is not a Saturday, Sunday
or other day on which commercial banks in New York City are authorized or required by law to remain closed. 

  

 “Depositary” shall mean The Depository Trust Company, or any other depositary
appointed by the Issuers; provided, however, that such depositary must have an address in the Borough of Manhattan, in the City of New York. 

“Effectiveness Date” shall mean the 365th calendar day after the date hereof. 

“Effectiveness Period” shall have the meaning set forth in Section 2.2(b). 

“Exchange Date” shall have the meaning set forth in Section 2.1(b)(ii). 

“Exchange Notes” means the Notes to be issued by the Issuers and guaranteed by the Subsidiary Guarantors under the Indenture
containing terms identical to the respective Notes in all material respects (except for references to certain interest rate provisions, restrictions on transfers and restrictive legends), to be offered to Holders of Notes in exchange for Transfer
Restricted Notes pursuant to the Exchange Offer. 
 “Exchange Offer” shall mean the exchange offer by the Issuers of
Exchange Notes for Transfer Restricted Notes pursuant to Section 2.1 hereof. 
 “Exchange Offer Registration”
shall mean a registration under the 1933 Act effected pursuant to Section 2.1 hereof. 
 “Exchange Offer Registration
Statement” shall mean an exchange offer registration statement on Form S-4 (or, if applicable, on another appropriate form), and all amendments and supplements to such registration statement, including the Prospectus contained therein, all
exhibits thereto and all documents incorporated by reference therein. 
 “Event Date” shall have the meaning set forth in
Section 2.5(b). 
 “Free Writing Prospectus” means each free writing prospectus (as defined in Rule 405 under
the 1933 Act) prepared by or on behalf of the Issuers or used or referred to by the Issuers in connection with the sale of the Notes or the Exchange Notes. 

“Holder” shall mean an Initial Purchaser, for so long as it owns any Transfer Restricted Notes, and each of its successors,
assigns and direct and indirect transferees who become registered owners of Transfer Restricted Notes under the Indenture and each Participating Broker-Dealer that holds Exchange Notes for so long as such Participating Broker-Dealer is required to
deliver a prospectus meeting the requirements of the 1933 Act in connection with any resale of such Exchange Notes. 

“Indenture” shall mean the Indenture relating to the Notes, dated as of April 20, 2016, among the Issuers and U.S. Bank
National Association, as trustee, as the same may be amended, supplemented, waived or otherwise modified from time to time in accordance with the terms thereof. 

“Initial Purchaser” or “Initial Purchasers” shall have the meaning set forth in the preamble. 

  
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 “Majority Holders” shall mean the Holders of a majority of the aggregate
principal amount of outstanding Transfer Restricted Notes; provided that whenever the consent or approval of Holders of a specified percentage of Transfer Restricted Notes is required hereunder, Transfer Restricted Notes held by the Issuers
and other obligors on the Notes or any Affiliate (as defined in the Indenture) of the Issuers or any Subsidiary Guarantor shall be disregarded in determining whether such consent or approval was given by the Holders of such required percentage
amount; provided, further, that if the Issuers shall issue any additional Notes under the Indenture prior to consummation of the Exchange Offer, or if applicable, the effectiveness of any Shelf Registration Statement, such additional
Notes and the Transfer Restricted Notes to which this Agreement relates shall be treated together as one class for purposes of determining whether the consent or approval of Holders of a specified percentage of Transfer Restricted Notes has been
obtained. 
 “Notes” shall have the meaning set forth in the preamble hereof. 

“Participating Broker-Dealer” shall mean any of the Initial Purchasers and any other broker-dealer which makes a market in
the Notes and exchanges Transfer Restricted Notes in the Exchange Offer for Exchange Notes. 
 “Person” shall mean an
individual, partnership (general or limited), corporation, limited liability company, trust or unincorporated organization, or a government or agency or political subdivision thereof. 

“Prospectus” shall mean the prospectus included in, or, pursuant to the rules and regulations of the 1933 Act, deemed a part
of, a Registration Statement, including any preliminary prospectus, and any such prospectus as amended or supplemented by any prospectus supplement, including any such prospectus supplement with respect to the terms of the offering of any portion of
the Transfer Restricted Notes covered by a Shelf Registration Statement, and by all other amendments and supplements to a prospectus, including post effective amendments, and in each case including all material incorporated by reference therein.

 “Purchase Agreement” shall have the meaning set forth in the preamble. 

“Registration Default” shall have the meaning set forth in Section 2.5(a). 

“Registration Expenses” shall mean any and all expenses incident to performance of or compliance by the Issuers and the
Subsidiary Guarantors with this Agreement, including without limitation: (i) all SEC, stock exchange or Financial Industry Regulatory Authority (“FINRA”) registration and filing fees, including, if applicable, the fees and
expenses of any “qualified independent underwriter” that is required to be retained by any holder of Transfer Restricted Notes in accordance with the rules and regulations of FINRA, (ii) all fees and expenses incurred in connection
with compliance with state securities or blue sky laws and compliance with the rules of FINRA (including reasonable fees and disbursements of counsel for any underwriters or Holders in connection with blue sky qualification of any of the Exchange
Notes or Transfer Restricted Notes and any filings with FINRA), (iii) all expenses of any Persons in preparing or assisting in preparing, word processing, printing and distributing any Registration Statement, any Prospectus, any amendments or
supplements thereto, any underwriting agreements, securities 

  
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sales agreements and other documents relating to the performance of and compliance with this Agreement, (iv) all fees and expenses incurred in connection with the listing, if any, of any of
the Transfer Restricted Notes on any securities exchange or exchanges, (v) all rating agency fees, (vi) the fees and disbursements of counsel for the Issuers and the Subsidiary Guarantors and of the independent public accountants of the
Issuers and the Subsidiary Guarantors, including the expenses of any special audits or “cold comfort” letters required by or incident to such performance and compliance, and in the case of a Shelf Registration Statement, the reasonable
fees and disbursements of one counsel for the Holders as a group (which counsel shall be selected by the Majority Holders and which counsel may also be counsel for the Initial Purchasers); (vii) the fees and expenses of the Trustee (including
the reasonable fees and disbursements of its counsel), and any escrow agent or custodian, (viii) all fees and disbursements relating to the qualification of the Indenture under applicable securities laws, and (ix) any fees and
disbursements of the underwriters customarily required to be paid by Issuers or sellers of securities and the fees and expenses of any special experts retained by the Issuers and the Subsidiary Guarantors in connection with any Registration
Statement, but excluding underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition of Transfer Restricted Notes by a Holder. Notwithstanding the foregoing, except as specifically provided above, the
Issuers and the Subsidiary Guarantors shall not be responsible for the fees and expenses of the Initial Purchasers in connection with the Exchange Offer, or the fees and expenses of counsel to the Initial Purchasers in connection therewith. 

“Registration Statement” shall mean any registration statement of the Issuers and the Subsidiary Guarantors which covers any
of the Exchange Notes or Transfer Restricted Notes pursuant to the provisions of this Agreement, and all amendments and supplements to any such Registration Statement, including post-effective amendments, in each case including the Prospectus
contained therein or deemed a part thereof, all exhibits thereto and all material incorporated by reference therein. 
 “Rule
144” shall mean Rule 144 promulgated under the 1933 Act, as such Rule may be amended from time to time, and any successor rule thereto. 

“SEC” shall mean the Securities and Exchange Commission or any successor agency or government body performing the functions
currently performed by the United States Securities and Exchange Commission. 
 “Shelf Registration” shall mean a
registration effected pursuant to Section 2.2. 
 “Shelf Registration Statement” shall mean a “shelf”
registration statement of the Issuers and the Subsidiary Guarantors pursuant to the provisions of Section 2.2, including an Automatic Shelf Registration Statement, if applicable, which covers all or a portion of the Transfer Restricted
Notes on an appropriate form under Rule 415 under the 1933 Act, or any similar rule that may be adopted by the SEC, and all amendments and supplements to such registration statement, including post-effective amendments, in each case including the
Prospectus contained therein or deemed a part thereof, all exhibits thereto and all material incorporated by reference therein. 

“Shelf Request” shall have the meaning set forth in Section 2.2(a)(iii). 

  
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 “Subsidiary Guarantees” shall mean the guarantees of the Notes and the Exchange
Notes by the Subsidiary Guarantors under the Indenture. 
 “Subsidiary Guarantors” shall mean any Subsidiary Guarantor (as
defined in, and pursuant to the terms, the Indenture) and shall also include any Subsidiary Guarantor’s successors and any Additional Guarantors. 

“TIA” shall have the meaning set forth in Section 2.1(d) hereof. 

“Transfer Restricted Notes” shall mean the Notes; provided, however, that the Notes shall cease to be Transfer
Restricted Notes on the earliest to occur of (i) the date on which a Registration Statement with respect to such Notes has become effective under the 1933 Act and such Notes have been exchanged or disposed of pursuant to such Registration
Statement, (ii) the date on which such Notes cease to be outstanding under the Indenture and (iii) the date on which such Notes are distributed to the public by a Broker-Dealer pursuant to the “Plan of Distribution” contemplated
by the Exchange Offer Registration Statement (including delivery of the Prospectus contained therein). 
 “Trustee” shall
mean the trustee with respect to the Notes under the Indenture. 
 “Underwriter” shall have the meaning set forth in
Section 4(a). 
 “WKSI” shall mean a “well-known seasoned issuer” as that term is defined in Rule
405, as amended, under the 1933 Act. 
 2. Registration Under the 1933 Act. 

1. Exchange Offer. 
 a) To the
extent not prohibited by any applicable law or applicable interpretations of the staff of the SEC, with respect to any Notes, if any, the Issuers and the Subsidiary Guarantors shall use their commercially reasonable efforts to (X) cause to be
filed and to become effective, on or prior to the Effectiveness Date, an Exchange Offer Registration Statement covering an offer to the Holders to exchange all the Transfer Restricted Notes for Exchange Notes, (Y) have such Registration
Statement remain effective until the consummation of the Exchange Offer in accordance with its terms, and (Z) commence the Exchange Offer and issue, on or prior to the 30th Business Day after
the date on which the Exchange Offer Registration Statement is declared effective by the SEC, Exchange Notes in exchange for all Transfer Restricted Notes validly tendered prior thereto in, and in accordance with the terms of, the Exchange Offer.

 b) The Issuers and the Subsidiary Guarantors shall, for the benefit of the Holders, at the Issuers’ and Subsidiary Guarantors’
cost, commence the Exchange Offer, if any, by mailing the related Prospectus, appropriate letters of transmittal and other accompanying documents to each Holder stating, in addition to such other disclosures as are required by applicable law,
substantially the following: 

  
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 i. that the Exchange Offer is being made pursuant to this Agreement and that all
Transfer Restricted Notes validly tendered and not properly withdrawn will be accepted for exchange; 
 ii. the dates of
acceptance for exchange (which shall be a period of at least 20 Business Days from the date such notice is mailed) (the “Exchange Dates”); 

iii. that any Transfer Restricted Notes not tendered will remain outstanding and continue to accrue interest but will not
retain any rights under this Agreement, except as otherwise specified herein; 
 iv. that any Holder electing to have a
Transfer Restricted Note exchanged pursuant to the Exchange Offer will be required to (A) surrender such Transfer Restricted Note, together with the appropriate letters of transmittal, to the institution and at the address (located in the
Borough of Manhattan, The City of New York) and in the manner specified in the notice, or (B) effect such exchange otherwise in compliance with the applicable procedures of the Depositary, in each case prior to the close of business on the last
Exchange Date; and 
 v. that any Holder will be entitled to withdraw its election, not later than the close of business on
the last Exchange Date, by (A) sending to the institution and at the address (located in the Borough of Manhattan, The City of New York) specified in the notice, a telegram, telex, facsimile transmission or letter setting forth the name of such
Holder, the principal amount of Transfer Restricted Notes delivered for exchange and a statement that such Holder is withdrawing its election to have such Transfer Restricted Notes exchanged or (B) effecting such withdrawal in compliance with
the applicable procedures of the Depositary. 
 c) Upon the effectiveness of the Exchange Offer Registration Statement, if any, the Issuers
and the Subsidiary Guarantors shall commence the Exchange Offer in accordance with the foregoing, it being the objective of such Exchange Offer to enable each Holder eligible and electing to exchange Transfer Restricted Notes for Exchange Notes
(assuming that such Holder makes representations and warranties to the Issuers that (a) it is not an affiliate of the Issuers within the meaning of Rule 405 under the 1933 Act, (b) any Exchange Notes to be received by it will be acquired
in the ordinary course of its business, (c) if such Holder is not a broker-dealer, that it is not engaged in, and does not intend to engage in, the distribution of the Exchange Notes, (d) if such Holder is a broker-dealer that will receive
Exchange Notes for its own account in exchange for Transfer Restricted Notes acquired as a result of market-making or other trading activities, then such broker-dealer will deliver a prospectus (or, to the extent permitted by law, make available a
Prospectus) in connection with any resale of such Exchange Notes, and (e) it has no arrangements or understandings with any Person to participate in the distribution of the Transfer Restricted Notes or the Exchange Notes) to transfer such
Exchange Notes from and after their receipt without any limitations or restrictions under the 1933 Act and under state securities or blue sky laws. 

  
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 d) The Exchange Notes, if any, shall be issued under (i) the Indenture or
(ii) an indenture identical in all material respects to the Indenture and which, in either case, has been qualified under the Trust Indenture Act of 1939, as amended (the “TIA”), or is exempt from such qualification and shall
provide that the Exchange Notes shall not be subject to the transfer restrictions set forth in the Indenture. The Exchange Notes and the Notes shall vote and consent together on all matters as one class and none of the Exchange Notes or the Notes
will have the right to vote or consent as a separate class on any matter. 
 e) As soon as practicable after the close of the Exchange
Offer, the Issuers and the Subsidiary Guarantors shall: 
 i. accept for exchange all Transfer Restricted Notes duly tendered
and not validly withdrawn pursuant to the Exchange Offer in accordance with the terms of the Exchange Offer Registration Statement and the letter of transmittal which shall be an exhibit thereto; 

ii. deliver to the Trustee for cancellation all Transfer Restricted Notes so accepted for exchange; and 

iii. cause the Trustee promptly to authenticate and deliver Exchange Notes to each Holder of Transfer Restricted Notes so
accepted for exchange in a principal amount equal to the principal amount of the Transfer Restricted Notes of such Holder so accepted for exchange. 

f) Interest on each Exchange Note, including Additional Interest, will accrue (a) from the later of (i) the last date on which
interest was paid on the Transfer Restricted Notes surrendered in exchange therefor or (ii) if the Transfer Restricted Notes are surrendered for exchange on a date in a period which includes the record date for an interest payment date to occur
on or after the date of such exchange and as to which interest will be paid, the date of such interest payment date or (b) if no interest has been paid on the Transfer Restricted Notes, from the date of issuance. The Issuers shall inform the
Initial Purchasers of the names and addresses of the Holders to whom the Exchange Offer is made, and the Initial Purchasers shall have the right, but not the obligation, to contact such Holders and otherwise facilitate the tender of Transfer
Restricted Notes in the Exchange Offer. 
 g) The Issuers and the Subsidiary Guarantors shall use their commercially reasonable efforts to
complete the Exchange Offer as provided above and shall comply with the applicable requirements of the 1933 Act, the 1934 Act and other applicable laws and regulations in connection with the Exchange Offer. The Offer shall not be subject to any
conditions, other than (1) the Exchange Offer does not violate any applicable law or applicable interpretations of the staff of the SEC, (2) no action or proceeding shall have been instituted or threatened in any court or by any
governmental agency with respect to the Exchange Offer and (3) all governmental approvals shall have been obtained that the Issuers deems necessary for the consummation of the Exchange Offer. 

2. Shelf Registration. 
 a) If,

  
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 i. the Issuers and the Subsidiary Guarantors would otherwise be required to
consummate an Exchange Offer Registration pursuant to Section 2.1 but determine that such Exchange Offer Registration is not available or the Exchange Offer may not be completed on or prior to the 30th Business Day following the
Effectiveness Date because it would violate any applicable law, SEC rules and regulations or any interpretation of the staff of the SEC, 

ii. the Exchange Offer is not for any other reason completed by the last Exchange Date; or 

iii. upon receipt of a written request (a “Shelf Request”) from any Initial Purchaser representing that it
holds Transfer Restricted Securities that are or were ineligible to be exchanged in the Exchange Offer, the Issuers and the Subsidiary Guarantors shall promptly deliver to the Holders and the Trustee written notice thereof and shall use their
commercially reasonable efforts to cause to be filed as soon as practicable after such determination, date or Shelf Request, as the case may be, a Shelf Registration Statement providing for the sale of all the Transfer Restricted Notes by the
Holders thereof and to have such Shelf Registration Statement become effective by the 90th day following such determination date or Shelf Request. 

b) In the event that the Issuers and the Subsidiary Guarantors are required to file a Shelf Registration Statement, the Issuers and the
Subsidiary Guarantors agree to use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective, supplemented and amended (including through post-effective amendments on Form S-3 if the Issuers are eligible
to use such Form) until the date which is the earliest of (i) 90 days after the Shelf Registration Statement is declared effective, (ii) the date when no Notes covered by such Shelf Registration Statement constitute Transfer Restricted
Notes and (iii) the date when Holders, other than Holders that are “affiliates” (as defined in Rule 144) of the Issuers, have actually sold such Notes pursuant to Rule 144 or any successor rule thereto or otherwise (the
“Effectiveness Period”). The Issuers and the Subsidiary Guarantors agree to furnish to the Holders of Transfer Restricted Notes listed in the Shelf Registration Statement and the related Prospectus copies of any such supplement or
amendment promptly after its being used or filed with the SEC. 
 c) Notwithstanding any other provisions hereof, the Issuers and the
Subsidiary Guarantors shall use their commercially reasonable efforts to ensure that (i) any Shelf Registration Statement and any amendment thereto and any Prospectus forming a part thereof and any supplement thereto complies in all material
respects with the 1933 Act and the rules and regulations thereunder, (ii) any Shelf Registration Statement and any amendment thereto does not, when it becomes effective, contain an untrue statement of a material fact or omit to state a material
fact required to be stated therein or necessary to make the statements therein not misleading and (iii) any Prospectus forming part of any Shelf Registration Statement, and any supplement to such Prospectus (as amended or supplemented from time
to time), does not include an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements, in the light of the circumstances under which they were made, not misleading. 

  
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 d) The Issuers and the Subsidiary Guarantors shall not permit any securities other than Transfer
Restricted Notes to be included in the Shelf Registration Statement; provided, however, that if the offer and sale of the Transfer Restricted Notes is registered pursuant to an Automatic Shelf Registration Statement, the foregoing
prohibition shall apply only to the supplement or amendment covering such registration. The Issuers and the Subsidiary Guarantors agree, if necessary, to supplement or amend the Shelf Registration Statement, as required by Section 3(b)
below, and to furnish to the Holders of Transfer Restricted Notes copies of any such supplement or amendment promptly after its being used or filed with the SEC. 

e) If the Issuers are obligated to file a Shelf Registration Statement pursuant to this Section 2.2, and at the time such
obligation arises, the Company is a WKSI, then, in lieu of filing such Shelf Registration Statement, the Issuers shall file an Automatic Shelf Registration Statement or supplement or amend an existing Automatic Shelf Registration Statement, as
appropriate, to include the offer and sale of the Transfer Restricted Notes by the Holders from time to time in accordance with the methods of distribution elected by the Majority Holders participating in such registration and set forth in such
Automatic Shelf Registration Statement (or supplement or amendment thereto), within the time frame specified in this Section 2.2. 

3. Expenses. The Issuers and the Subsidiary Guarantors shall pay all Registration Expenses in connection with the registration pursuant to
Sections 2.1 and 2.2. Each Holder shall pay all underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition of such Holder’s Transfer Restricted Notes pursuant to the Shelf Registration
Statement. 
 4. Effectiveness. 

a) The Issuers and the Subsidiary Guarantors will be deemed not to have used their commercially reasonable efforts to cause the Exchange Offer
Registration Statement or the Shelf Registration Statement, as the case may be, to become, or to remain, effective during the requisite period if either the Issuers or any Subsidiary Guarantor voluntarily takes any action that would, or omits to
take any action which omission would, result in any such Registration Statement not being declared effective, or in the Holders of Transfer Restricted Notes covered thereby not being able to exchange or offer and sell such Transfer Restricted Notes
during that period as and to the extent contemplated hereby, unless such action is required by applicable law, in each case other than under the circumstances described in Sections 3(e)(iii), (iv), (v) or
(vi) below. 
 b) Neither an Exchange Offer Registration Statement pursuant to Section 2.1 hereof nor a Shelf
Registration Statement pursuant to Section 2.2 hereof, if not otherwise effective upon filing with the SEC as provided by Rule 462, will be deemed to have become effective unless it has been declared effective by the SEC;
provided, however, that if, after it becomes effective, the offering of Transfer Restricted Notes pursuant to an Exchange Offer Registration Statement or a Shelf Registration Statement is interfered with by any stop order, injunction
or other order or requirement of the SEC or any other governmental agency or court, such Registration Statement will not be effective during the period of such interference, until the offering of Transfer Restricted Notes pursuant to such
Registration Statement may legally resume. 

  
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 5. Additional Interest. 

a) In the event that (i) (A) neither the Exchange Offer Registration Statement nor a Shelf Registration Statement is declared
effective by the SEC on or prior to the Effectiveness Date or (B) notwithstanding that the Issuers have consummated or will consummate an Exchange Offer, the Issuers and the Subsidiary Guarantors are required to file a Shelf Registration
Statement and such Shelf Registration Statement is not declared effective by the SEC on or prior to the 90th day following the date such Shelf Registration Statement was filed; or (ii) (A) the Issuers have not exchanged all Transfer
Restricted Notes validly tendered in accordance with the terms of the Exchange Offer for Exchange Notes on or prior to the 30th Business Day after the date on which the Exchange Offer Registration Statement was declared effective or (B) if
applicable, the Shelf Registration Statement has been declared effective and such Shelf Registration Statement ceases to be effective at any time prior to the end of the Effectiveness Period; provided that the Issuers will be permitted to
suspend the use of the prospectus that is part of the Shelf Registration Statement if the Issuers’ management determines to do so for valid business reasons, including circumstances relating to pending corporate developments and similar events
or filings with the SEC, for a period not to exceed 60 days in any three-month period and not to exceed an aggregate of 90 days in any twelve-month period and without specifying the nature of the event giving rise to a suspension in any notice of
suspension provided to the Holders (any event referred to in the foregoing clauses (i) or (ii) a “Registration Default”), then additional interest (“Additional Interest”) will accrue on the
principal amount of the Transfer Restricted Notes at a rate of 0.25% per annum for the first 90 days commencing on the day following the Registration Default, and increasing to 1.00% on the 91st day, to but excluding the day on which the
Registration Default has been cured. Additional Interest will be paid semi-annually in arrears with the interest payment due on the first interest payment date following the date on which such Additional Interest begins to accrue;
provided, however, that (a) the Additional Interest on the Transfer Restricted Notes may not accrue under more than one of the foregoing clauses (i) and (ii) at any one time and in no event will Additional
Interest accrue after the Effectiveness Period, (b) if a Holder is not able to or does not provide the representations and information required in connection with a Shelf Registration in a timely manner and is therefore not named as a selling
security holder in a Shelf Registration Statement, the Holder will not be entitled to receive any Additional Interest with respect to its Transfer Restricted Notes; and (c) the Issuers will have no other liabilities with respect to any
Registration Default. 
 b) The Issuers shall notify the Trustee within three Business Days after each and every date on which an
event occurs in respect of which Additional Interest is required to be paid (an “Event Date”). Any Additional Interest due shall be payable on each interest payment date to the Holder of Notes with respect to which Additional
Interest is due and owing. Each obligation to pay Additional Interest shall be deemed to accrue from and including the day following the applicable Event Date. 

3. Registration Procedures. 

In connection with the obligations of the Issuers and the Subsidiary Guarantors with respect to Registration Statements pursuant to Sections
2.1 and 2.2 hereof, the Issuers and the Subsidiary Guarantors shall: 

  
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 a) prepare and file with the SEC a Registration Statement, within the relevant time periods
specified in Sections 2.1 and 2.2, on the appropriate form under the 1933 Act and the rules promulgated thereunder, which form (i) shall be selected by the Issuers, (ii) shall, in the case of a Shelf Registration, be
available for the sale of the Transfer Restricted Notes by the selling Holders thereof, (iii) shall comply as to form in all material respects with the requirements of the applicable form and include or incorporate by reference all financial
statements required by the SEC to be filed therewith or incorporated by reference therein, (iv) shall comply in all respects with the requirements of Regulation S-T under the 1933 Act and (v) use their commercially reasonable efforts to
cause such Registration Statement to become effective and remain effective for the applicable period in accordance with Sections 2.1 and 2.2 hereof, 

b) prepare and file with the SEC such amendments and post-effective amendments to each Registration Statement as may be necessary under
applicable law to keep such Registration Statement effective for the applicable period; and cause each Prospectus to be supplemented by any required prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar
provision then in force) under the 1933 Act and comply with the provisions of the 1933 Act, the 1934 Act and the rules and regulations thereunder applicable to them with respect to the disposition of all securities covered by each Registration
Statement during the applicable period in accordance with the intended method or methods of distribution by the selling Holders thereof (including sales by any Participating Broker-Dealer); and keep each Prospectus current during the period
described in Section 4(a)(3) of and Rule 174 under the 1933 Act that is applicable to transactions by brokers or dealers with respect to the Transfer Restricted Notes or Exchange Notes; 

c) in the case of a Shelf Registration, (i) notify each Holder of Transfer Restricted Notes to be covered thereby, at least five Business
Days prior to filing, that a Shelf Registration Statement (except in the case of an Automatic Shelf Registration Statement, in which case at least five Business Days prior to the inclusion of information regarding selling securityholders in the
Prospectus forming a part of such Automatic Shelf Registration Statement) with respect to such Transfer Restricted Notes is being filed and advising such Holders that the distribution of such Transfer Restricted Notes will be made in accordance with
the method selected by the Majority Holders participating in the Shelf Registration; (ii) furnish to each Holder of Transfer Restricted Notes to be covered thereby and to each underwriter of an underwritten offering of Transfer Restricted
Notes, if any, without charge, as many copies of each Prospectus, including each preliminary Prospectus, and any amendment or supplement thereto and such other documents as such Holder or underwriter may reasonably request, including financial
statements and schedules and, if the Holder so requests, all exhibits in order to facilitate the public sale or other disposition of the Transfer Restricted Notes; and (iii) do hereby consent to the use of the Prospectus or any amendment or
supplement thereto by each of the selling Holders of Transfer Restricted Notes in connection with the offering and sale of the Transfer Restricted Notes covered by the Prospectus or any amendment or supplement thereto; 

d) use their commercially reasonable efforts to register or qualify the Transfer Restricted Notes under all applicable state securities or
“blue sky” laws of such jurisdictions as any Holder of Transfer Restricted Notes covered by a Registration Statement and each underwriter of an underwritten offering of Transfer Restricted Notes shall reasonably request by

  
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the time the applicable Registration Statement is declared effective by the SEC, cooperate with such Holders in connection with any filings required to be made with FINRA, and do any and all
other acts and things which may be reasonably necessary or advisable to enable each such Holder and underwriter to consummate the disposition in each such jurisdiction of such Transfer Restricted Notes owned by such Holder; provided,
however, that the Issuers and the Subsidiary Guarantors shall not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where they would not otherwise be required to qualify but for this
Section 3(d), or (ii) take any action which would subject them to general service of process or taxation in any such jurisdiction where they are not then so subject; 

e) notify promptly each Holder of Transfer Restricted Notes under a Shelf Registration or any Participating Broker-Dealer who has notified the
Issuers that it is utilizing the Exchange Offer Registration Statement as provided in clause (f) below and, if requested by such Holder or Participating Broker-Dealer, confirm such advice in writing promptly (i) when a Registration
Statement has become effective and when any post-effective amendments and supplements to a Registration Statement have become effective, (ii) of any request by the SEC or any state securities authority for post-effective amendments and
supplements to a Registration Statement and Prospectus or for additional information after the Registration Statement has become effective, (iii) of the issuance by the SEC or any state securities authority of any stop order suspending the
effectiveness of a Registration Statement or the initiation of any proceedings for that purpose, including the receipt by the Issuers of any notice of objection of the SEC to the use of a Shelf Registration Statement or any post-effective amendment
thereto pursuant to Rule 401(g)(2) under the 1933 Act, (iv) in the case of a Shelf Registration, if, between the effective date of a Registration Statement and the closing of any sale of Transfer Restricted Notes covered thereby, the
representations and warranties of the Issuers and the Subsidiary Guarantors contained in any underwriting agreement, securities sales agreement or other similar agreement, if any, relating to the offering cease to be true and correct in all material
respects, (v) of the happening of any event or the discovery of any facts during the period a Shelf Registration Statement is effective which makes any statement made in such Registration Statement or the related Prospectus untrue in any
material respect or which requires the making of any changes in such Registration Statement or Prospectus in order to make the statements therein not misleading, (vi) of the receipt by the Issuers of any notification with respect to the
suspension of the qualification of the Transfer Restricted Notes or the Exchange Notes, as the case may be, for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose and (vii) of any determination by the
Issuers that a post-effective amendment to such Registration Statement would be appropriate; 
 f) in the case of the Exchange Offer
Registration Statement (i) include in the Exchange Offer Registration Statement a section entitled “Plan of Distribution” which section shall be in customary form, and which shall contain a summary statement of the positions taken or
policies made by the staff of the SEC with respect to the potential “underwriter” status of any broker-dealer that holds Transfer Restricted Notes acquired for its own account as a result of market-making activities or other trading
activities and that will be the beneficial owner (as defined in Rule 13d-3 under the 1934 Act) of Exchange Notes to be received by such broker-dealer in the Exchange Offer, whether such positions or policies have been publicly disseminated by the
staff of the SEC or such positions or policies represent the prevailing views of the staff of the SEC, including a statement that any such broker-dealer who receives Exchange Notes for 

  
 12 

 
Transfer Restricted Notes pursuant to the Exchange Offer may be deemed a statutory underwriter and must deliver a prospectus meeting the requirements of the 1933 Act in connection with any resale
of such Exchange Notes, (ii) furnish to each Participating Broker-Dealer who has delivered to the Issuers the notice referred to in Section 3(e), without charge, as many copies of each Prospectus included in the Exchange Offer
Registration Statement, including any preliminary prospectus, and any amendment or supplement thereto, as such Participating Broker Dealer may reasonably request, (iii) do hereby consent to the use of the Prospectus forming part of the Exchange
Offer Registration Statement or any amendment or supplement thereto, by any Person subject to the prospectus delivery requirements of the SEC, including all Participating Broker-Dealers, in connection with the sale or transfer of the Exchange Notes
covered by the Prospectus or any amendment or supplement thereto, and (iv) include in the transmittal letter or similar documentation to be executed by an exchange offeree in order to participate in the Exchange Offer (x) the following
provision: 
 “If the exchange offeree is a broker-dealer holding Transfer Restricted Notes acquired for its own account as a result of
market-making activities or other trading activities, it will deliver a prospectus meeting the requirements of the 1933 Act in connection with any resale of Exchange Notes received in respect of such Transfer Restricted Notes pursuant to the
Exchange Offer;” and (y) a statement to the effect that by a broker-dealer’s making the acknowledgment described in clause (x) and by delivering a Prospectus in connection with the exchange of Transfer Restricted Notes,
the broker-dealer will not be deemed to admit that it is an underwriter within the meaning of the 1933 Act; 
 g) make every reasonable
effort to obtain the withdrawal of any order suspending the effectiveness of a Registration Statement at the earliest possible moment, and, in the case of a Shelf Registration, the resolution of any objection of the SEC pursuant to Rule 401(g)(2),
including by filing an amendment to such Shelf Registration Statement on the proper form, at the earliest possible moment and provide immediate notice to each Holder of the withdrawal of any such order or such resolution; 

h) in the case of a Shelf Registration, furnish to each Holder of Transfer Restricted Notes, and each underwriter, if any, without charge, at
least one conformed copy of each Registration Statement and any post-effective amendment thereto, including financial statements and schedules (without documents incorporated therein by reference and all exhibits thereto, unless requested); 

i) in the case of a Shelf Registration, cooperate with the selling Holders of Transfer Restricted Notes to facilitate the timely preparation
and delivery of certificates representing Transfer Restricted Notes to be sold and not bearing any restrictive legends; and enable such Transfer Restricted Notes to be in such denominations (consistent with the provisions of the Indenture) and
registered in such names as the selling Holders or the underwriters, if any, may reasonably request at least three Business Days prior to the closing of any sale of Transfer Restricted Notes; 

j) in the case of a Shelf Registration, upon the occurrence of any event or the discovery of any facts, each as contemplated by Sections
3(e)(v) and (vi) hereof, as promptly as practicable after the occurrence of such an event, use their commercially reasonable efforts to 

  
 13 

 
prepare and file with the SEC a supplement or post-effective amendment to the Registration Statement or the related Prospectus or any document incorporated therein by reference or file any other
required document so that, as thereafter delivered to the purchasers of the Transfer Restricted Notes or Participating Broker-Dealers, such Prospectus will not contain at the time of such delivery any untrue statement of a material fact or omit to
state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading or will remain so qualified. At such time as such public disclosure is otherwise made or the
Issuers determine that such disclosure is not necessary, in each case to correct any misstatement of a material fact or to include any omitted material fact, the Issuers and the Subsidiary Guarantors agree promptly to notify each Holder of such
determination and to furnish each Holder such number of copies of the Prospectus as amended or supplemented, as such Holder may reasonably request; 

k) in the case of a Shelf Registration Statement, a reasonable time prior to the filing of any Registration Statement, any Prospectus, any
amendment to a Registration Statement or amendment or supplement to a Prospectus, provide copies of such document to the Initial Purchasers on behalf of such Holders; and make representatives of the Issuers and the Subsidiary Guarantors as shall be
reasonably requested by the Holders of Transfer Restricted Notes, or the Initial Purchasers on behalf of such Holders, available for discussion of such document; and the Issuers and the Subsidiary Guarantors shall not, at any time after initial
filing of a Registration Statement, use or file any Prospectus, any amendment of or supplement to a Registration Statement, of which the Initial Purchasers shall not have previously been advised and furnished a copy or to which the Initial
Purchasers shall reasonably object; 
 l) obtain a CUSIP number for all Exchange Notes or Transfer Restricted Notes, as the case may be, not
later than the effective date of a Registration Statement, and provide the Trustee with certificates for the Exchange Notes or the Transfer Restricted Notes, as the case may be, in a form eligible for deposit with the Depositary; 

m) (i) in the case of a Shelf Registration, cause the Indenture to be qualified under the TIA in connection with the registration of the
Transfer Restricted Notes, and, in the case of an Exchange Offer Registration, cause or maintain, as the case may be, the Indenture to be qualified under the TIA in connection with the registration of the Exchange Notes, (ii) cooperate with the
Trustee and the Holders to effect such changes to the Indenture as may be required for the Indenture to be, or continue to be, so qualified in accordance with the terms of the TIA and (iii) execute, and use their commercially reasonable efforts
to cause the Trustee to execute, all documents as may be required to effect such changes, and all other forms and documents required to be filed with the SEC to enable the Indenture to be so qualified in a timely manner; 

n) in the case of a Shelf Registration, enter into agreements (including underwriting agreements) and take all other customary and appropriate
actions in order to expedite or facilitate the disposition of such Transfer Restricted Notes and if so requested by the holders of such Transfer Restricted Notes and in such connection whether or not an underwriting agreement is entered into and
whether or not the registration is an underwritten registration: 

  
 14 

 i. make such representations and warranties to the Holders of such Transfer
Restricted Notes and the underwriters, if any, as the Issuers and the Subsidiary Guarantors are able to make, in form, substance and scope as are customarily made by issuers to underwriters in similar underwritten offerings as may be reasonably
requested by them; 
 ii. in connection with an underwritten registration, obtain opinions of counsel to the Issuers and the
Subsidiary Guarantors and updates thereof (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the managing underwriters, if any, and the holders of a majority in principal amount of the Transfer Restricted
Notes being sold) addressed to each selling Holder and the underwriters, if any, covering the matters customarily covered in opinions requested in sales of securities or underwritten offerings and such other matters as may be reasonably requested by
such Holders and underwriters; 
 iii. in connection with an underwritten registration, obtain “cold comfort”
letters and updates thereof from the Issuers’ and its subsidiaries’ independent certified public accountants (and, if necessary, any other independent certified public accountants of any subsidiary of the Issuers or of any business
acquired by the Issuers for which financial statements are, or are required to be, included in the Registration Statement) addressed to the underwriters, if any, and use reasonable efforts to have such letter addressed to the selling Holders of
Transfer Restricted Notes (to the extent consistent with Statement on Auditing Standards No. 72 of the American Institute of Certified Public Accountants), such letters to be in customary form and covering matters of the type customarily
covered in “cold comfort” letters to underwriters in connection with similar underwritten offerings; 
 iv. enter
into a securities sales agreement with the Holders and an agent of the Holders providing for, among other things, the appointment of such agent for the selling Holders for the purpose of soliciting purchases of Transfer Restricted Notes, which
agreement shall be in form, substance and scope customary for similar offerings; 
 v. if an underwriting agreement is
entered into, cause the same to set forth indemnification provisions and procedures substantially equivalent to the indemnification provisions and procedures set forth in Section 4 hereof with respect to the underwriters and all other
parties to be indemnified pursuant to said Section or, at the request of any underwriters, in the form customarily provided to such underwriters in similar types of transactions; and 

vi. deliver such documents and certificates as may be reasonably requested and as are customarily delivered in similar
offerings to the Holders of a majority in principal amount of the Transfer Restricted Notes being sold and the managing underwriters, if any. 
 The above
shall be done at (i) the effectiveness of such Shelf Registration Statement (and each post-effective amendment thereto) and (ii) each closing under any underwriting or similar agreement as and to the extent required thereunder; 

  
 15 

 o) in the case of a Shelf Registration or if a Prospectus is required to be delivered by any
Participating Broker-Dealer in the case of an Exchange Offer, make available for inspection by representatives of the Holders of the Transfer Restricted Notes, any underwriters participating in any disposition pursuant to a Shelf Registration
Statement, any Participating Broker-Dealer and any counsel or accountant retained by any of the foregoing, all non-confidential financial and other records, pertinent corporate documents and properties of the Issuers or any Subsidiary Guarantor
reasonably requested by any such persons, and cause the respective officers, directors, employees, and any other agents of the Issuers and the Subsidiary Guarantors to supply all information reasonably requested by any such representative,
underwriter, special counsel or accountant in connection with a Registration Statement, and make such representatives of the Issuers and the Subsidiary Guarantors available for discussion of such documents as shall be reasonably requested by such
persons; 
 p) if so requested by the Initial Purchasers, in the case of an Exchange Offer Registration Statement, a reasonable time prior to
filing of any Exchange Offer Registration Statement, any Prospectus forming a part thereof, any amendment to an Exchange Offer Registration Statement or amendment or supplement to such Prospectus, provide copies of such document to the Initial
Purchasers and to counsel to the Holders of Transfer Restricted Notes; 
 q) in the case of a Shelf Registration, a reasonable time prior to
filing any Shelf Registration Statement, any Prospectus forming a part thereof, any amendment to such Shelf Registration Statement or amendment or supplement to such Prospectus, provide copies of such documents to the Initial Purchasers, if so
requested, to the Holders of Transfer Restricted Notes to be covered thereby, to counsel for such Holders designated by them and to the underwriter or underwriters of an underwritten offering of such Transfer Restricted Notes, if any, make such
changes in any such document prior to the filing thereof relating to such Holders or such Transfer Restricted Notes as the counsel to the Holders or the underwriter or underwriters reasonably request and not file any such document in a form to which
the Majority Holders of Transfer Restricted Notes covered by such Shelf Registration Statement, counsel for such Holders of Transfer Restricted Notes covered by such Shelf Registration Statement, or any underwriter shall not have previously been
advised and furnished a copy of or to which the Majority Holders of Transfer Restricted Notes covered by such Shelf Registration Statement, counsel to such Holders of Transfer Restricted Notes or any underwriter shall reasonably object, and make the
representatives of the Issuers and the Subsidiary Guarantors available for discussion of such document as shall be reasonably requested by such Holders of Transfer Restricted Notes, the counsel for such Holders of Transfer Restricted Notes or any
underwriter; 
 r) in the case of a Shelf Registration, use their commercially reasonable efforts to cause the Transfer Restricted Notes to
be rated by the appropriate rating agencies, if so requested by the Majority Holders of the Transfer Restricted Notes covered by such Shelf Registration Statement, or if requested by the underwriter or underwriters of an underwritten offering of
Transfer Restricted Notes, if any; 
 s) otherwise comply with all applicable rules and regulations of the SEC and make available to their
security holders, as soon as reasonably practicable, an earnings statement covering at least 12 months which shall satisfy the provisions of Section 11(a) of the 1933 Act and Rule 158 thereunder; 

  
 16 

 t) cooperate and assist in any filings required to be made with FINRA and, in the case of a Shelf
Registration, in the performance of any due diligence investigation by any underwriter and its counsel (including any “qualified independent underwriter” that is required to be retained in accordance with the rules and regulations of
FINRA); 
 u) if reasonably requested by any Holder of Transfer Restricted Notes covered by a Shelf Registration Statement, promptly include
in a Prospectus supplement or post-effective amendment such information with respect to such Holder as such Holder reasonably requests to be included therein and make all required filings of such Prospectus supplement or such post-effective
amendment as soon as the Issuers have received notification of the matters to be so included in such filing; 
 v) so long as any Transfer
Restricted Notes remain outstanding, cause each Additional Guarantor upon such Person becoming an Additional Guarantor, to execute a joinder in the form of Annex A to this Agreement and to deliver such joinder to the Initial Purchasers no later than
five Business Days following the execution thereof; and 
 w) amend or supplement the Prospectus contained in the Exchange Offer Registration
Statement for a period of up to 180 days after the last Exchange Date (as such period may be extended pursuant to this Agreement), in order to expedite or facilitate the disposition of any Exchange Notes by Participating Broker-Dealers consistent
with the positions of the staff of the SEC. The Issuers and the Subsidiary Guarantors agree that Participating Broker-Dealers shall be authorized to deliver such Prospectus (or, to the extent permitted by law, make available) during such period in
connection with the resales contemplated by this clause (x). 
 In the case of a Shelf Registration Statement, the Issuers and the
Subsidiary Guarantors may (as a condition to such Holder’s participation in the Shelf Registration) require each Holder of Transfer Restricted Notes to furnish to the Issuers and Subsidiary Guarantors such information regarding the Holder and
the proposed distribution by such Holder of such Transfer Restricted Notes as the Issuers and Subsidiary Guarantors may from time to time reasonably request in writing. 

In the case of a Shelf Registration Statement, each Holder agrees that, upon receipt of any notice from the Issuers or any Subsidiary
Guarantor of the happening of any event or the discovery of any facts, each of the kind described in Section 3(e)(iii) or (vi) hereof, such Holder will forthwith discontinue disposition of Transfer Restricted Notes pursuant
to a Registration Statement until such Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 3(k) hereof, and, if so directed by the Issuers and Subsidiary Guarantors, such Holder will
deliver to the Issuers and Subsidiary Guarantors (at its expense) all copies in such Holder’s possession, other than permanent file copies then in such Holder’s possession, of the Prospectus covering such Transfer Restricted Notes current
at the time of receipt of such notice. 
 If any of the Transfer Restricted Notes covered by any Shelf Registration Statement are to be sold
in an underwritten offering, the underwriter or underwriters and manager or managers that will manage such offering will be selected by the Majority Holders of such Transfer 

  
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Restricted Notes to be included in such offering and shall be acceptable to the Issuers and Subsidiary Guarantors. No Holder of Transfer Restricted Notes may participate in any underwritten
registration hereunder unless such Holder (a) agrees to sell such Holder’s Transfer Restricted Notes on the basis provided in any underwriting arrangements approved by the persons entitled hereunder to approve such arrangements and
(b) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such underwriting arrangements. 

If the Issuers and the Subsidiary Guarantors shall give any notice to suspend the disposition of Transfer Restricted Notes pursuant to a
Registration Statement, the Issuers and the Subsidiary Guarantors shall extend the period during which such Registration Statement shall be maintained effective pursuant to this Agreement by the number of days during the period from and including
the date of the giving of such notice to and including the date when the Holders of such Transfer Restricted Notes shall have received copies of the supplemented or amended Prospectus necessary to resume such dispositions. 

4. Indemnification; Contribution. 

a) The Issuers and the Subsidiary Guarantors agree to indemnify, jointly and severally, and hold harmless the Initial Purchasers and
each of their affiliates and any other Person under common control with the Initial Purchasers, each Holder, each Participating Broker-Dealer, each Person who participates as an underwriter (any such Person being an “Underwriter”)
and each Person, if any, who controls any Holder or Underwriter within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act as follows: 

i. against any and all loss, liability, claim, damage and expense whatsoever, as incurred, arising out of any untrue statement
or alleged untrue statement of a material fact contained in any Registration Statement (or any amendment or supplement thereto) pursuant to which Exchange Notes or Transfer Restricted Notes were registered under the 1933 Act, including all documents
incorporated therein by reference, any Free Writing Prospectus used in violation of this Agreement or any “issuer information” filed or required to be filed pursuant to Rule 433(d) under the 1933 Act, or the omission or alleged omission
therefrom of a material fact required to be stated therein or necessary to make the statements therein not misleading, or arising out of any untrue statement or alleged untrue statement of a material fact contained in any Prospectus (or any
amendment or supplement thereto) or the omission or alleged omission therefrom of a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; 

ii. against any and all loss, liability, claim, damage and expense whatsoever, as incurred, to the extent of the aggregate
amount paid in settlement of any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or of any claim whatsoever based upon any such untrue statement or omission, or any such alleged untrue
statement or omission; provided that (subject to Section 4(d) below) any such settlement is effected with the written consent of the Issuers and the Subsidiary Guarantors; and 

  
 18 

 iii. against any and all expense whatsoever, as incurred (including the fees and
disbursements of counsel chosen by any indemnified party), reasonably incurred in investigating, preparing or defending against any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or any
claim whatsoever based upon any such untrue statement or omission, or any such alleged untrue statement or omission, to the extent that any such expense is not paid under subparagraph (ii) above; 

provided, however, that this indemnity agreement shall not apply to any loss, liability, claim, damage or expense to the extent arising out of
any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with written information concerning any Holder or Underwriter furnished to the Issuers by the Holder or Underwriter expressly for use in
a Registration Statement (or any amendment thereto) or any Prospectus (or any amendment or supplement thereto); and provided, further, that the indemnity agreement contained in this subsection shall not inure to the benefit of any
Holder or Participating Broker-Dealer from whom the person asserting any such losses, claims, damages or liabilities purchased the Notes concerned, to the extent that a prospectus relating to such Notes was required to be delivered by such Holder or
Participating Broker-Dealer under the 1933 Act in connection with such purchase and any such loss, claim, damage or liability of such Holder or Participating Broker-Dealer results from the fact that there was not sent or given to such person, at or
prior to the sale of such Notes to such person, a copy of such prospectus if the Issuers had previously furnished copies thereof to such Holder or Participating Broker-Dealer. 

b) Each Holder, severally, but not jointly, agrees to indemnify and hold harmless the Issuers, the Subsidiary Guarantors, each Underwriter and
the other selling Holders, and each of their respective directors and officers, and each Person, if any, who controls the Issuers, any Subsidiary Guarantor, any Underwriter or any other selling Holder within the meaning of Section 15 of the
1933 Act or Section 20 of the 1934 Act, against any and all loss, liability, claim, damage and expense described in the indemnity contained in Section 4(a) hereof, as incurred, but only with respect to untrue statements or
omissions, or alleged untrue statements or omissions, made in the Shelf Registration Statement (or any amendment thereto) or any Prospectus included therein (or any amendment or supplement thereto) in reliance upon and in conformity with written
information with respect to such Holder furnished to the Issuers and the Subsidiary Guarantors by such Holder expressly for use in the Shelf Registration Statement (or any amendment thereto) or such Prospectus (or any amendment or supplement
thereto); provided, however, that no such Holder shall be liable for any claims hereunder in excess of the amount of net proceeds received by such Holder from the sale of Transfer Restricted Notes pursuant to such Shelf Registration
Statement. 
 c) Each indemnified party shall give notice as promptly as reasonably practicable to each indemnifying party of any action or
proceeding commenced against it in respect of which indemnity may be sought hereunder, but failure so to notify an indemnifying party shall not relieve such indemnifying party from any liability hereunder to the extent it is not materially
prejudiced as a result thereof and in any event shall not relieve it from any liability which it may have otherwise than on account of this indemnity agreement. An indemnifying party may participate at its own expense in the defense of such action;
provided, however, that counsel to the indemnifying party shall not (except with the consent of the indemnified party) also be 

  
 19 

 
counsel to the indemnified party. In no event shall the indemnifying party or parties be liable for the fees and expenses of more than one counsel (in addition to any local counsel) separate from
their own counsel for all indemnified parties in connection with any one action or separate but similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances. No indemnifying party shall, without
the prior written consent of the indemnified parties, settle or compromise or consent to the entry of any judgment with respect to any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or any
claim whatsoever in respect of which indemnification or contribution could be sought under this Section 4 (whether or not the indemnified parties are actual or potential parties thereto), unless such settlement, compromise or consent
(i) includes an unconditional release of each indemnified party from all liability arising out of such litigation, investigation, proceeding or claim and (ii) does not include a statement as to or an admission of fault, culpability or a
failure to act by or on behalf of any indemnified party. 
 d) If the indemnification provided for in this Section 4, is for any
reason unavailable to or insufficient to hold harmless an indemnified party in respect of any losses, liabilities, claims, damages or expenses referred to therein, then each indemnifying party shall contribute to the aggregate amount of such losses,
liabilities, claims, damages and expenses incurred by such indemnified party, as incurred, in such proportion as is appropriate to reflect the relative fault of the Issuers and the Subsidiary Guarantors, on the one hand, and the Holders and the
Initial Purchasers, on the other hand, in connection with the statements or omissions which resulted in such losses, liabilities, claims, damages or expenses, as well as any other relevant equitable considerations. 

The relative fault of the Issuers and the Subsidiary Guarantors on the one hand and the Holders and the Initial Purchasers on the other hand
shall be determined by reference to, among other things, whether any such untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by the Issuers, the Subsidiary
Guarantors, the Holders or the Initial Purchasers and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

The Issuers, the Subsidiary Guarantors, the Holders and the Initial Purchasers agree that it would not be just and equitable if contribution
pursuant to this Section 4 were determined by pro rata allocation (even if the Initial Purchasers were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable
considerations referred to above in this Section 4. The aggregate amount of losses, liabilities, claims, damages and expenses incurred by an indemnified party and referred to above in this Section 4 shall be deemed to include
any legal or other expenses reasonably incurred by such indemnified party in investigating, preparing or defending against any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or any claim
whatsoever based upon any such untrue or alleged untrue statement or omission or alleged omission. 
 No Person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the 1933 Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. 

  
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 For purposes of this Section 4, each Person, if any, who controls an Initial
Purchaser or Holder within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act shall have the same rights to contribution as such Initial Purchaser or Holder, and each director of the Issuers or any Subsidiary
Guarantor, and each Person, if any, who controls the Issuers or any Subsidiary Guarantor within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act shall have the same rights to contribution as the Issuers and the
Subsidiary Guarantors. The Initial Purchasers’ respective obligations to contribute pursuant to this Section 4 are several in proportion to the principal amount of Notes set forth opposite their respective names in Schedule A to the
Purchase Agreement and not joint. Notwithstanding the provisions of this Section 4, in no event shall a Holder be required to contribute any amount in excess of the amount by which the total price at which all of the Notes sold by such
Holder exceeds the amount of any damages that such Holder has otherwise been required to pay under Section 4(b) hereof. 
 The
remedies provided for in this Section 4 are not exclusive and shall not limit any rights or remedies that may otherwise be available to any indemnified party at law or in equity. 

The indemnity and contribution provisions contained in this Section 4 shall remain operative and in full force and effect
regardless of (i) any termination of this Agreement, (ii) any investigation made by or on behalf of the Initial Purchasers or any Holder or any Person controlling any Initial Purchaser or any Holder, or by or on behalf of the Issuers or
the Guarantors or the officers or directors of or any Person controlling the Issuers or the Guarantors, (iii) acceptance of any of the Exchange Notes and (iv) any sale of Transfer Restricted Notes pursuant to a Shelf Registration
Statement; provided, however, that the indemnity and contribution rights provided for, in this Section 4 shall not extend to any losses, liabilities or other damages arising out of actions occurring after the termination of
this Agreement. 
 5. Miscellaneous. 

1. Rule 144 and Rule 144A. For so long as the Issuers and the Subsidiary Guarantors are subject to the reporting requirements of
Section 13 or 15 of the 1934 Act, the Issuers and the Subsidiary Guarantors covenant that they will file and furnish the reports required to be filed by them under the 1933 Act and Section 13(a) or 15(d) of the 1934 Act and the rules and
regulations adopted by the SEC thereunder. If the Issuers and the Subsidiary Guarantors cease to be so required to file and furnish such reports, the Issuers and Subsidiary Guarantors covenant that they will upon the request of any Holder of
Transfer Restricted Notes (a) make publicly available such information as is necessary to permit sales pursuant to Rule 144 under the 1933 Act, (b) deliver such information to a prospective purchaser as is necessary to permit sales
pursuant to Rule 144A under the 1933 Act and take such further action as any Holder of Transfer Restricted Notes may reasonably request, and (c) take such further action that is reasonable in the circumstances, in each case, to the extent
required from time to time to enable such Holder to sell its Transfer Restricted Notes without registration under the 1933 Act within the limitation of the exemptions provided by (i) Rule 144 under the 1933 Act, as such Rule may be amended from
time to time, (ii) Rule 144A under the 1933 Act, as such Rule may be amended from time to time, or (iii) any similar rules or regulations hereafter adopted by the SEC. Upon the request of any Holder of Transfer Restricted Notes, the
Issuers and the Subsidiary Guarantors will deliver to such Holder a written statement as to whether they have complied with such requirements. 

  
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 2. No Inconsistent Agreements. The Issuers and the Subsidiary Guarantors have not entered into,
and the Issuers and the Subsidiary Guarantors will not after the date of this Agreement enter into, any agreement which is inconsistent with the rights granted to the Holders of Transfer Restricted Notes in this Agreement or otherwise conflicts with
the provisions hereof. The rights granted to the Holders hereunder do not and will not for the term of this Agreement in any way conflict with the rights granted to the holders of the Issuers’ or Subsidiary Guarantors’ other issued and
outstanding securities under any such agreements. 
 3. Amendments and Waivers. The provisions of this Agreement, including the provisions of
this sentence, may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, unless the Issuers and the Subsidiary Guarantors have obtained the written consent of the Majority
Holders affected by such amendment, modification, supplement, waiver or departure. 
 4. Notices. All notices and other communications
provided for or permitted hereunder shall be made in writing by hand delivery, registered first-class mail, telex, telecopier, or any courier guaranteeing overnight delivery (a) if to a Holder, at the most current address given by such Holder
to the Issuers by means of a notice given in accordance with the provisions of this Section 5.4, which address initially, and until so changed, is the address set forth in the Purchase Agreement with respect to the Initial Purchasers;
and (b) if to the Issuers and the Subsidiary Guarantors, initially at the Issuers’ address set forth in the Purchase Agreement, and thereafter at such other address of which notice is given in accordance with the provisions of this
Section 5.4. 
 All such notices and communications shall be deemed to have been duly given: at the time delivered by hand, if
personally delivered; two Business Days after being deposited in the mail, postage prepaid, if mailed; when answered back, if telexed; when receipt is acknowledged, if telecopied; and on the next Business Day if timely delivered to an air courier
guaranteeing overnight delivery. 
 Copies of all such notices, demands, or other communications shall be concurrently delivered by the
person giving the same to the Trustee under the Indenture at the address specified therein. 
 5. Successor and Assigns. This Agreement shall
inure to the benefit of and be binding upon the successors, assigns and transferees of each of the parties, including, without limitation and without the need for an express assignment, subsequent Holders; provided that nothing herein shall be
deemed to permit any assignment, transfer or other disposition of Transfer Restricted Notes in violation of the terms of the Purchase Agreement or the Indenture. If any transferee of any Holder shall acquire Transfer Restricted Notes, in any manner,
whether by operation of law or otherwise, such Transfer Restricted Notes shall be held subject to all of the terms of this Agreement, and by taking and holding such Transfer Restricted Notes such person shall be conclusively deemed to have agreed to
be bound by and to perform all of the terms and provisions of this Agreement, including the restrictions on resale set forth in this Agreement and, if applicable, the Purchase Agreement, and such person shall be entitled to receive the benefits
hereof. The Initial Purchasers (in their capacity as Initial Purchasers) shall have no liability or obligation to the Issuers or the Subsidiary Guarantors with respect to any failure by a Holder to comply with, or any breach by any Holder of, any of
the obligations of such Holder under this Agreement 

  
 22 

 6. Third Party Beneficiaries. The Initial Purchasers (even if the Initial Purchasers are not
Holders of Transfer Restricted Notes) shall be third party beneficiaries to the agreements made hereunder between the Issuers and the Subsidiary Guarantors, on the one hand, and the Holders, on the other hand, and shall have the right to enforce
such agreements directly to the extent they deem such enforcement necessary or advisable to protect their rights or the rights of Holders hereunder. Each Holder of Transfer Restricted Notes shall be a third party beneficiary to the agreements made
hereunder between the Issuers and the Subsidiary Guarantors, on the one hand, and the Initial Purchasers, on the other hand, and shall have the right to enforce such agreements directly to the extent it deems such enforcement necessary or advisable
to protect its rights hereunder. 
 7. Specific Enforcement. Without limiting the remedies available to the Initial Purchasers and the
Holders, the Issuers and the Subsidiary Guarantors acknowledge that any failure by the Issuers or the Subsidiary Guarantors to comply with their obligations under Sections 2.1 through 2.4 hereof may result in material irreparable
injury to the Initial Purchasers or the Holders for which there is no adequate remedy at law, that it would not be possible to measure damages for such injuries precisely and that, in the event of any such failure, the Initial Purchasers or any
Holder may obtain such relief as may be required to specifically enforce the Issuers’ and Subsidiary Guarantors’ obligations under Sections 2.1 through 2.4 hereof. 

8. Restriction on Resales. Until the expiration of one year after the original issuance of the Notes and the Guarantees, the Issuers and the
Subsidiary Guarantors will not, and will cause their “affiliates” (as such term is defined in Rule 144(a)(1) under the 1933 Act) not to, resell any Notes and Subsidiary Guarantees which are “restricted securities” (as such term
is defined under Rule 144(a)(3) under the 1933 Act) that have been reacquired by any of them and shall immediately upon any purchase of any such Notes and Subsidiary Guarantees submit such Notes and Subsidiary Guarantees to the Trustee for
cancellation. 
 9. Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. This Agreement may be executed by facsimile signature. 

10. Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.

 11. Governing Law. This Agreement shall be governed by and construed in accordance with the law of the state of New York_New YN without
regard to the principles of conflict of laws thereof. 

  
 23 

 12. Severability. In the event that any one or more of the provisions contained herein, or the
application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be affected or
impaired thereby. 
 [signature page follows] 

  
 24 

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

  

					
	Very truly yours,
	
	MGP ESCROW ISSUER, LLC
		
	By:	 	             /s/ John M.
McManus

		 	Name:	 	John M. McManus
		 	Title:	 	Secretary
	
	MGP ESCROW CO-ISSUER, INC.
		
	By:	 	             /s/ John M.
McManus

		 	Name:	 	John M. McManus
		 	Title:	 	Secretary

 CONFIRMED AND ACCEPTED, 

as of the date first above written: 
 J.P. MORGAN SECURITIES
LLC 
  

					
	By:	 	 /s/ Chris Lingenfelter

		 	Name:	 	Chris Lingenfelter
		 	Title:	 	Executive Director

 MERRILL LYNCH, PIERCE, FENNER & SMITH 

                          
  INCORPORATED 
  

					
	By:	 	 /s/ Anand Melvani

		 	Name:	 	Anand Melvani
		 	Title:	 	Managing Director

 For themselves and as representatives of the other Initial Purchasers 

 Schedule A 

Initial Purchasers 
 J.P. Morgan Securities LLC 

Merrill Lynch, Pierce, Fenner & Smith 

                    Incorporated 

Barclays Capital Inc. 
 Citigroup Global Markets Inc. 

Deutsche Bank Securities Inc. 
 BNP Paribas Securities Corp. 

Fifth Third Securities, Inc. 
 Morgan Stanley & Co. LLC

 SunTrust Robinson Humphrey, Inc. 
 SMBC Nikko Securities
America, Inc. 
 Credit Agricole Securities (USA) Inc. 
 Scotia
Capital (USA) Inc. 
 Oppenheimer & Co. Inc. 

 Annex A 

FORM OF JOINDER AGREEMENT TO REGISTRATION RIGHTS AGREEMENT 

[ ] 
 Reference is hereby made to
the Registration Rights Agreement, dated as of April 20, 2016 (the “Registration Rights Agreement”), by and among MGP Escrow Issuer, LLC, a Delaware limited liability company (the “Escrow Issuer”) and its
wholly-owned subsidiary, MGP Escrow Co-Issuer, Inc., a Delaware corporation (the “Co-Issuer” and, together with the Escrow Issuer, the “Issuers”), on the one hand, and J.P. Morgan Securities LLC and Merrill Lynch,
Pierce, Fenner & Smith Incorporated, on behalf of themselves and the other Initial Purchasers, on the other hand. Unless otherwise defined herein, terms defined in the Registration Rights Agreement and used herein shall have the meanings
given them in the Registration Rights Agreement. 
 1. Joinder of the Guarantor. Each other signatory hereto (each, a
“Guarantor”), hereby agrees to become bound by the terms, conditions and other provisions of the Registration Rights Agreement with all attendant rights, duties and obligations stated therein, with the same force and effect as if
originally named as “Guarantor” therein and as if such Guarantor executed the Registration Rights Agreement on the date thereof. 

2. Governing Law. This Joinder Agreement, and any claim, controversy or dispute arising under or related to this Joinder Agreement,
shall be governed by and construed in accordance with the laws of the State of New York. 
 3. Counterparts. This agreement may be
executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an
executed counterpart of a signature page to this Joinder Agreement by facsimile, email or other electronic transmission (i.e., “pdf”) shall be effective as delivery of a manually executed counterpart of this Joinder Agreement. 

4. Amendments. No amendment or waiver of any provision of this Joinder Agreement, nor any consent or approval to any departure
therefrom, shall in any event be effective unless the same shall be in writing and signed by the parties hereto. 
 5. Headings. The
headings in this Joinder Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the undersigned have executed this Joinder Agreement as of the date first
written above. 
  

			
	[ISSUERS]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[EACH GUARANTOR], as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:EX-10.1

 Exhibit 10.1 

EXECUTION COPY 

FORBEARANCE AGREEMENT AND FIRST AMENDMENT TO CREDIT AGREEMENT 

This Forbearance Agreement and First Amendment to Credit Agreement (this “First Amendment”) is entered into as of
April 18, 2016 (the “First Amendment Effective Date”), by and among Hercules Offshore, Inc., a Delaware corporation (the “Borrower”), the Subsidiary Guarantors, Jefferies Finance LLC, as administrative agent
(in such capacity, the “Administrative Agent”) and collateral agent (in such capacity, the “Collateral Agent”) and the Lenders signatory hereto. Any capitalized terms not specifically defined herein will have the
meaning ascribed to them in the Credit Agreement. 
 RECITALS 

A. WHEREAS, the Borrower, the Administrative Agent, the Collateral Agent, the Subsidiary Guarantors, and the Lenders party thereto entered
into that certain Credit Agreement, dated as of November 6, 2015 (as may be amended, restated, modified or supplemented prior to the date hereof, the “Credit Agreement”); 

B. WHEREAS, certain Lenders have asserted (but have not given notice under the Credit Agreement or any other Loan Document to the Borrower)
that (i) an Event of Default has occurred based on the Borrower’s failure to be in compliance with the affirmative covenant set forth in Section 5.15 of the Credit Agreement with respect to causing Hercules Offshore Nigeria
Limited to deliver the certificate of registration of the vessel mortgage at the NIMASA by April 15, 2016 (the “Specified Post-Closing Collateral Default”) and (ii) a Default has occurred based on the Borrower’s
failure to be in compliance with the affirmative covenant set forth in Section 5.18 of the Credit Agreement with respect to using best efforts to cause the Gibraltar Guarantor to dissolve, merge or consolidate with or into another Loan
Party within 120 days after the Closing Date (or such later date as the Administrative Agent shall agree in its sole discretion) (the “Specified Gibraltar Default” and, together with the Specified Post-Closing Collateral Default,
the “Specified Defaults”); 
 C. WHEREAS, subject to the terms and conditions set forth herein, the Lenders party hereto,
which Lenders constitute the Required Lenders, have agreed to (i) forbear from exercising certain of their default-related rights and remedies (if any) against the Loan Parties with respect to the Specified Defaults (other than the giving of
written notice of the Specified Gibraltar Default pursuant to Sections 8.01(e) and 10.01 of the Credit Agreement) during the Forbearance Period (as defined herein) and (ii) amend the Credit Agreement, in each case, upon the terms
and subject to the satisfaction of the conditions precedent to effectiveness set forth in Section 7 hereof; 
 D. WHEREAS, the Required
Lenders are willing, on the terms and subject to the conditions set forth below, to agree to the forbearance and consent to the amendments to the terms of the Credit Agreement provided for herein; 

E. WHEREAS, the Borrower and the Lenders desire to negotiate in good faith an agreement with respect to a potential recapitalization, business
combination or other strategic alternative transaction with respect to the Borrower, including a potential restructuring of the Loans; and 

E. WHEREAS, each Lender under the Credit Agreement that executes and delivers this First Amendment will, by the fact of such execution and
delivery, be deemed to have agreed to the forbearance and the amendments to the Credit Agreement provided for herein, on the terms set forth herein and subject to the conditions set forth in this First Amendment. 

 NOW, THEREFORE, in consideration of the parties’ mutual promises in this First Amendment,
and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 

AGREEMENT 
 1.
Definitions. As used herein, the following terms shall have the respective meanings set forth below: 
 “Claims”
shall mean claims, actions, causes of action, suits, debts, accounts, interests, liens, promises, warranties, damages and consequential damages, demands, agreements, bonds, bills, specialties, covenants, controversies, variances, trespasses,
judgments, executions, costs, expenses or any other claims whatsoever (including, without limitation, crossclaims, counterclaims, rights of set-off and recoupment). 

“Forbearance Default” shall mean (i) the occurrence of any Event of Default other than the Specified Defaults;
(ii) the failure of any Loan Party to comply timely with any term, condition, or covenant set forth in this First Amendment; or (iii) the failure of any representation or warranty made by any Loan Party under or in connection with this
First Amendment to be true and complete as of the date when made. 
 “Forbearance Effective Date” shall mean the date on
which that all of the conditions precedent set forth in Section 7 hereof (each of which may be waived by the Required Lenders in their sole discretion) have been met to the satisfaction of the Required Lenders. 

“Forbearance Period” shall mean the period beginning on the Forbearance Effective Date and ending on the earlier to occur of:
(i) the termination of the Forbearance Period as a result of any Forbearance Default; and (ii) April 28, 2016, unless otherwise mutually agreed in writing by the Borrower and the Required Lenders (with written notice to the
Administrative Agent and the Collateral Agent). 
 “Lender Parties” shall mean (a) the Lenders, (b) the
Administrative Agent, (c) the Collateral Agent, and (d) the successors and assigns of each of the foregoing. 

“Releasees” shall mean each of the Lender Parties in its capacity as a Lender, Administrative Agent or Collateral Agent and
their respective affiliates, subsidiaries, shareholders and “controlling persons” (within the meaning of the federal securities laws), and their respective successors and assigns and each and all of the officers, directors, employees,
agents, attorneys and other representatives of each of the foregoing in their capacities as such. 
 “Releasors” shall mean
each Loan Party, on behalf of itself and on behalf of its agents, representatives, officers, directors, advisors, employees, subsidiaries, affiliates, successors and assigns. 

2. Acknowledgment. The Borrower hereby acknowledges and agrees that: (a) the certificate of registration of the vessel mortgage at
the NIMASA was not delivered by April 15, 2016; (b) the Gibraltar Guarantor was not dissolved, merged or consolidated with or into another Loan Party as of the date which is 120 days after the Closing Date, (c) each Lender Party may
or may not have certain default-related rights, powers and remedies under the Credit Agreement, any other Loan Document or applicable law with respect to the Specified Defaults, which shall not be impaired in any way and shall be fully preserved
after the Forbearance Period by the Lender Parties as such default-related rights, powers and remedies under the Credit Agreement, any other Loan Document or applicable law, if any, (x) with 

  
 2 

 
respect to the Specified Post-Closing Collateral Default, existed as of April 16, 2016, notwithstanding the Borrower causing Hercules Offshore Nigeria Limited to deliver subsequent to
April 15, 2016 the certificate of registration of the vessel mortgage at the NIMASA and (y) with respect to the Specified Gibraltar Default, existed as of the date which is 120 days after the Closing Date, subject to the Borrower causing
the Gibraltar Guarantor to dissolve, merge or consolidate with or into another Loan Party within the cure period set forth in Section 8.01(e) of the Credit Agreement; and (d) during the Forbearance Period it shall not be able to
(i) deliver the Officer’s Certificate pursuant to Section III(a) of the Escrow Agreement to the Administrative Agent certifying the completion of the “Escrow Conditions” (as defined in the Escrow Agreement) or (ii) receive
any funds on deposit in the Escrow Account. No Lender Party has waived or presently intends to waive the Specified Defaults, and nothing contained herein or the transactions contemplated hereby shall be deemed to constitute any such waiver. The Loan
Parties reserve all of their rights, powers and remedies under the Credit Agreement, the other Loan Documents and applicable law. 
 3.
Forbearance; Forbearance Default Rights and Remedies. 
  

	 	(a)	Effective on the Forbearance Effective Date, each Lender Party agrees that until the expiration or termination of the Forbearance Period, it will forbear from exercising the rights and remedies available to it (if any)
under Article VIII of the Credit Agreement (other than the giving of written notice of the Specified Gibraltar Default pursuant to Sections 8.01(e) and 10.01 of the Credit Agreement), under the other Loan Documents and/or under
applicable law, in each case against any Loan Party or the Collateral solely with respect to the Specified Defaults (including, without limitation, any instruction to or direction to instruct the Escrow Agent to distribute any of the funds in the
Escrow Account to the Administrative Agent to prepay the Loans pursuant to the Escrow Agreement); provided, however, that (i) the Borrower shall not be able to deliver the Officer’s Certificate pursuant to Section III(a) of
the Escrow Agreement to the Administrative Agent certifying the completion of the “Escrow Conditions” (as defined in the Escrow Agreement), (ii) nothing herein shall restrict, impair or otherwise affect any Lender Party’s rights
and remedies under any agreements containing subordination provisions in favor of any or all of the Lender Parties (including, without limitation, any rights or remedies available to the Lender Parties as a result of the occurrence or continuation
of the Specified Defaults) or amend or modify any provision thereof, and (iii) nothing herein shall restrict, impair or otherwise affect the Administrative Agent’s or any Lender’s right to file, record, publish or deliver a notice of
default or document of similar effect under any state foreclosure law upon the expiration or termination of the Forbearance Period. Any Forbearance Default shall constitute an immediate Event of Default under this First Amendment, the Credit
Agreement, and the other Loan Documents without the requirement of any demand, presentment, protest, or notice of any kind to any Loan Party (all of which each Loan Party waives). Notwithstanding anything herein to the contrary, any statement or
provision contained in this First Amendment (other than the statements and provisions contained clauses (a), (b) and (c) in the first sentence of Section 2 of this First Amendment) or action taken by the Loan Parties with respect to
the Specified Defaults (including, without limitation, the occurrence thereof, but excluding the fact that the certificate of registration of the vessel mortgage at the NIMASA was not delivered by April 15, 2016 and the Gibraltar Guarantor was
not dissolved, merged or consolidated with or into another Loan Party as of the date which is 120 days after the Closing Date) shall not be, or shall not be deemed to be an admission or waiver of any rights of the Loan Parties with respect to the
Specified Defaults (including, without limitation, the occurrence thereof, but excluding the fact the certificate of registration of the vessel mortgage at the NIMASA was not 

  
 3 

	 	
delivered by April 15, 2016 and the Gibraltar Guarantor was not dissolved, merged or consolidated with or into another Loan Party as of the date which is 120 days after the Closing Date)
under the Credit Agreement, any other Loan Document or applicable law. The parties hereto agree that the principal of or interest on any Loan or any other amount payable under the Loan Documents shall not bear interest at the Default Rate during the
Forbearance Period. The Required Lenders hereby instruct the Administrative Agent and the Collateral Agent that, during the Forbearance Period, neither the Administrative Agent nor the Collateral Agent shall exercise any rights or remedies available
to either such Person under Article VIII of the Credit Agreement (other than the giving of written notice of the Specified Gibraltar Default pursuant to Sections 8.01(e) and 10.01 of the Credit Agreement), under the other Loan
Documents and/or under applicable law. 

  

	 	(b)	Upon the occurrence of a Forbearance Default or the expiration or termination of the Forbearance Period, the agreement of the Lender Parties hereunder to forbear from exercising their respective default-related rights
and remedies (if any) shall immediately terminate without the requirement of any demand, presentment, protest, or notice of any kind to any Loan Party (all of which each Loan Party waives). Without limiting the generality of the foregoing, upon the
occurrence of a Forbearance Default or the expiration or termination of the Forbearance Period (to the extent the Specified Defaults are an Event of Default under Section 8.01(d) or Section 8.01(e) of the Credit Agreement, as
applicable), the Lender Parties may, in their sole discretion and without the requirement of any demand, presentment, protest, or notice of any kind to any Loan Party (but subject to applicable law and the rights and remedies of any Loan Party):
(i) suspend or terminate any commitment to provide Loans or other extensions of credit under any Loan Document or declare the Loans then outstanding to be forthwith due and payable in whole or in part; (ii) commence any legal or other
action to collect any or all of the obligations under the Loan Documents from any Loan Party; (iii) foreclose or otherwise realize on any or all of the Collateral; (iv) set off or apply to the payment of any or all of the obligations under
the Loan Documents any property belonging to any Loan Party that is held by any Lender Party; and (v) take any other enforcement action or otherwise exercise any or all rights and remedies provided for by any Loan Document or applicable law,
all of which rights and remedies are fully reserved by the Lender Parties. 

  

	 	(c)	Any agreement by the Lender Parties to extend the Forbearance Period or to waive a Forbearance Default or any condition to the effectiveness hereof must be set forth in writing and signed by a duly authorized signatory
of each party required to consent pursuant to Section 10.02 of the Credit Agreement. None of the Administrative Agent, the Collateral Agent nor any Lender is obligated to extend the Forbearance Period or waive a Forbearance Default, and
may decide to do so (or not do so) in its sole discretion (or, with respect to the Administrative Agent and the Collateral Agent, at the written direction of the Required Lenders). Each of the Loan Parties acknowledges that the Lender Parties have
not made any assurances concerning any extension of the Forbearance Period or waiver of any Forbearance Defaults. 

  

	 	(d)	The parties hereto agree that the running of all statutes of limitation or doctrine of laches or estoppel applicable to all claims or causes of action that any Lender Party may be entitled to take or bring in order to
enforce its rights and remedies against any Loan Party is, to the fullest extent permitted by law, tolled and suspended during the Forbearance Period. 

  
 4 

	 	(e)	Any misrepresentation of a Loan Party, or any failure of a Loan Party to comply with the covenants, conditions and agreements contained in any agreement, document or instrument executed or delivered by any Loan Party
with, to or in favor of any Lender Party (other than this First Amendment) which would cause an Event of Default (other than the Specified Defaults) to occur under the Loan Documents shall constitute a Forbearance Default hereunder. Any
misrepresentation of a Loan Party, or any failure of a Loan Party to comply with the covenants, conditions and agreements contained in this First Amendment shall constitute a Forbearance Default hereunder. For the avoidance of doubt, the occurrence
of the Specified Defaults in and of itself shall not constitute a Forbearance Default. 

 4. Amendment to Credit
Agreement. Effective as of the First Amendment Effective Date, the Credit Agreement is hereby amended as follows: 
  

	 	(a)	Section 1.01 of the Credit Agreement is amended by to add the following defined term in proper alphabetical order: 

“First Amendment” shall mean the Forbearance Agreement and First Amendment to Credit Agreement, dated as of April 18,
2016, by and among the Borrower, the Subsidiary Guarantors, the Administrative Agent, the Collateral Agent and the Lenders party thereto. 
  

	 	(b)	The following new Section 6.21 of the Credit Agreement is inserted at the end of Article VI as follows: 

“Section 6.21 Escrow Agreement Certificate. Notwithstanding anything to the contrary set forth in this Agreement, the Escrow
Agreement or any other Loan Document, deliver the Officer’s Certificate pursuant to Section III(a) of the Escrow Agreement to the Administrative Agent certifying the completion of the “Escrow Conditions” (as defined in the Escrow
Agreement) on or prior to the conclusion of the second (2nd) full day following the expiration or termination of the Forbearance Period (as defined in the First Amendment) and, in no event,
without providing a copy of such Officer’s Certificate to the Administrative Agent pursuant to this Section 6.21 (who shall promptly following receipt thereof post such copy of the Officer’s Certificate on the Platform; it
being understood and agreed that, for the avoidance of doubt, such delivery pursuant to this Section 6.21 shall not constitute delivery pursuant to Section III(a) of the Escrow Agreement) by the earlier of (i) at least two
(2) full days prior to the delivery of the definitive Officer’s Certificate to the Administrative Agent in accordance with Section III(a) of the Escrow Agreement or (ii) at least 9:00 a.m. New York City time one (1) full Business
Day prior to the delivery of the definitive Officer’s Certificate to the Administrative Agent in accordance with Section III(a) of the Escrow Agreement, but in no event more than four (4) Business Days prior to delivery of the definitive
Officer’s Certificate to the Administrative Agent in accordance with Section III(a) of the Escrow Agreement. Further, notwithstanding anything to the contrary set forth in this Agreement, the Escrow Agreement or any other Loan Document, the
Administrative Agent shall not under any circumstance (except at the written direction of the Required Lenders) deliver any written or telephonic notice to the Escrow Agent to distribute any funds on deposit in the Escrow Account pursuant to Section
III(a) of the Escrow Agreement on or prior to the conclusion of the second (2nd) full day following the expiration or termination of the Forbearance Period and the Borrower shall certify to
the Administrative Agent, the Collateral Agent and the Lenders that it is in compliance with 

  
 5 

 
this Section 6.21. Any Officer’s Certificate delivered to the Administrative Agent pursuant to this Section 6.21 shall specify that it is being delivered pursuant to this
Section 6.21, and any Officer’s Certificate delivered to the Administrative Agent pursuant to Section III(a) of the Escrow Agreement shall specify that it is being delivered pursuant to such Section III(a) of the Escrow Agreement
and include a certification that the Borrower has complied with its obligations under this Section 6.21.” 
 5.
Acknowledgment and Agreement to Negotiate in Good Faith. During the Forbearance Period, the Loan Parties and the Lenders parties hereto hereby agree to negotiate in good faith an agreement with respect to a potential recapitalization,
business combination or other alternative strategic transaction with respect to the Borrower, including a potential restructuring of the Loans. 

6. Representations and Warranties. The Loan Parties represent and warrant to each of the Lenders party hereto, the Administrative Agent
and the Collateral Agent that, after giving effect to this First Amendment: 
  

	 	(a)	The representations and warranties set forth in Article III of the Credit Agreement and in each other Loan Document are true and correct in all material respects ((i) except that any representation and warranty
that is qualified as to “materiality” or “Material Adverse Effect” shall be true and correct in all respects and (ii) other than the representation and warranty set forth in the third sentence of Section 3.08 of the
Credit Agreement with respect to the Specified Defaults) on and as of the Forbearance Effective Date to the same extent as if made on and as of the Forbearance Effective Date, except to the extent such representations and warranties specifically
relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects (except that any representation and warranty that is qualified as to “materiality” or “Material
Adverse Effect” shall be true and correct in all respects) on and as of such earlier date. 

  

	 	(b)	Other than the Specified Defaults, no Default or Event of Default has occurred or will result from the consummation of the transactions contemplated by this First Amendment. 

7. Condition Precedent. The effectiveness of this First Amendment shall become effective on the Forbearance Effective Date whereupon
this First Amendment shall become effective as to all Lenders and Loan Parties in accordance with Section 10.02 of the Credit Agreement, provided that all of the following conditions precedent have been satisfied (or waived by the
Required Lenders): 
  

	 	(a)	The Administrative Agent shall have received counterparts of this First Amendment that, when taken together, bear the signatures of (x) each Loan Party, (y) the Administrative Agent and the Collateral Agent,
and (z) the Lenders constituting the Required Lenders under the Credit Agreement. 

  

	 	(b)	The Borrower shall have paid the Administrative Agent for all reasonable and documented out-of-pocket fees and reimbursement of all reasonable and documented out-of-pocket costs and expenses required to be paid by the
Borrower in connection with the transactions contemplated hereunder, under any other Loan Document or as separately agreed to by the Borrower to the extent invoiced at least one (1) day prior to the Forbearance Effective Date.

  

	 	(c)	The representations and warranties set forth in Section 6 of this First Amendment shall be true and correct on and as of the Forbearance Effective Date. 

  
 6 

 8. Ratification. 

(a) All of the terms and conditions of the Credit Agreement and the other Loan Documents remain in full force and effect and none of such
terms and conditions are, or shall be construed as, otherwise amended, waived, or modified, except as specifically set forth herein. Without limiting the generality of the foregoing, the Security Documents and all of the Collateral described therein
shall continue to secure the payment of all Obligations of the Loan Parties, as amended by this First Amendment. Without limiting the generality of the releases contained herein (including, without limitation, Section 12 hereof), the parties
hereto hereby expressly acknowledge, ratify and reaffirm all of the exculpatory provisions in favor of the Administrative Agent and the Collateral Agent contained in the Credit Agreement and any other Loan Document, including, without limitation,
Section 9.03 of the Credit Agreement. 
 (b) The Borrower and each of the Subsidiary Guarantors hereby ratifies and reaffirms
the Obligations and the Guaranteed Obligations, as applicable, the Credit Agreement as amended hereby, each of the other Loan Documents to which it is a party and all of the covenants, duties, indebtedness and liabilities under the Credit Agreement
as amended hereby and the other Loan Documents to which it is a party. 
 (c) The execution, delivery and effectiveness of this First
Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent or the Collateral Agent under any of the Loan Documents, nor constitute a waiver of any provision
of any of the Loan Documents. On and after the effectiveness of this First Amendment, this First Amendment shall for all purposes constitute a Loan Document. 

(d) On and after the First Amendment Effective Date, each reference in the Credit Agreement to “this Agreement,”
“hereunder,” “hereof,” “herein” or words of like import, and each reference to the Credit Agreement, “thereunder”, “thereof”, “therein” or words of like import in any other Loan Document,
shall be deemed a reference to the Credit Agreement as amended hereby. 
 9. Direction. The Lenders party hereto hereby
(i) direct the Administrative Agent and the Collateral Agent to execute and deliver this First Amendment and (ii) ratify and reaffirm (a) their several obligations to indemnify the Administrative Agent and the Collateral Agent, each
in its capacity as such, pursuant to, and in accordance with, Section 9.08 of the Credit Agreement and (b) the exculpatory provisions of Section 9.03 of the Credit Agreement. 

10. Signatures. This First Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each
of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this First Amendment by telecopy or other electronic imaging (including in
..pdf format) means shall be effective as delivery of a manually executed counterpart of this First Amendment. 
 11. Miscellaneous.
THIS FIRST AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. Sections 10.09 and 10.10 of the Credit Agreement are incorporated by reference herein mutatis mutandis. The provisions of this
First Amendment shall be binding upon and inure to the benefit of the Loan Parties, Administrative Agent, the Collateral Agent, and the Lenders and their respective successors and permitted assigns. 

12. General Release. IN CONSIDERATION OF, AMONG OTHER THINGS, ADMINISTRATIVE AGENT’S, COLLATERAL AGENT’S AND REQUIRED
LENDERS’ 

  
 7 

 
EXECUTION AND DELIVERY OF (OR CONSENT TO DELIVERY AND EXECUTION OF) THIS AGREEMENT, EACH OF THE RELEASORS HEREBY FOREVER AGREES AND COVENANTS NOT TO SUE OR PROSECUTE AGAINST ANY RELEASEE AND
HEREBY FOREVER WAIVES, RELEASES AND DISCHARGES, TO THE FULLEST EXTENT PERMITTED BY LAW, EACH RELEASEE FROM ANY AND ALL CLAIMS (OTHER THAN ANY CLAIMS (IF ANY) THAT RELATE TO, ARISE OUT OF OR OTHERWISE ARE IN CONNECTION WITH THE SPECIFIED DEFAULTS)
THAT SUCH RELEASOR NOW HAS OR HEREAFTER MAY HAVE, OF WHATEVER NATURE AND KIND, WHETHER KNOWN OR UNKNOWN, WHETHER NOW EXISTING OR HEREAFTER ARISING, WHETHER ARISING AT LAW OR IN EQUITY, AGAINST THE RELEASEES, BASED IN WHOLE OR IN PART ON FACTS,
WHETHER OR NOT NOW KNOWN, EXISTING ON OR BEFORE THE FORBEARANCE EFFECTIVE DATE, THAT RELATE TO, ARISE OUT OF OR OTHERWISE ARE IN CONNECTION WITH: (I) ANY OR ALL OF THE LOAN DOCUMENTS OR TRANSACTIONS CONTEMPLATED THEREBY OR ANY ACTIONS OR
OMISSIONS IN CONNECTION THEREWITH OR (II) ANY ASPECT OF THE DEALINGS OR RELATIONSHIPS BETWEEN OR AMONG THE LOAN PARTIES, ON THE ONE HAND, AND ANY OR ALL OF THE LENDER PARTIES, ON THE OTHER HAND, RELATING TO ANY OR ALL OF THE DOCUMENTS, TRANSACTIONS,
ACTIONS OR OMISSIONS REFERENCED IN CLAUSE (I) HEREOF. WITHOUT LIMITING THE EFFECT OF THE FOREGOING, THE RECEIPT BY ANY LOAN PARTY OF ANY LOANS OR OTHER FINANCIAL ACCOMMODATIONS MADE BY ANY LENDER PARTY AFTER THE DATE HEREOF SHALL CONSTITUTE A
RATIFICATION, ADOPTION, AND CONFIRMATION BY SUCH PARTY OF THE FOREGOING GENERAL RELEASE OF ALL CLAIMS AGAINST THE RELEASEES WHICH ARE BASED IN WHOLE OR IN PART ON FACTS, WHETHER OR NOT NOW KNOWN OR UNKNOWN, EXISTING ON OR PRIOR TO THE DATE OF
RECEIPT OF ANY SUCH LOANS OR OTHER FINANCIAL ACCOMMODATIONS. IN ENTERING INTO THIS AGREEMENT, EACH LOAN PARTY CONSULTED WITH, AND HAS BEEN REPRESENTED BY, LEGAL COUNSEL AND EXPRESSLY DISCLAIMS ANY RELIANCE ON ANY REPRESENTATIONS, ACTS OR OMISSIONS
BY ANY OF THE RELEASEES AND HEREBY AGREES AND ACKNOWLEDGES THAT THE VALIDITY AND EFFECTIVENESS OF THE RELEASES SET FORTH ABOVE DO NOT DEPEND IN ANY WAY ON ANY SUCH REPRESENTATIONS, ACTS OR OMISSIONS OR THE ACCURACY, COMPLETENESS OR VALIDITY HEREOF.
THE PROVISIONS OF THIS SECTION SHALL SURVIVE THE TERMINATION OF THIS AGREEMENT, ANY LOAN DOCUMENT, AND PAYMENT IN FULL OF THE OBLIGATIONS UNDER THE LOAN DOCUMENTS. 

[Signature Pages to Follow] 

  
 8 

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

			
	HERCULES OFFSHORE, INC.
		
	By:	 	 /s/ Troy L. Carson

	Name: Troy L. Carson
	Title: Senior Vice President & CFO
	
	 CLIFFS DRILLING COMPANY FDT LLC

FDT HOLDINGS LLC

	HERCULES DRILLING COMPANY, LLC
	HERCULES OFFSHORE LIFTBOAT COMPANY LLC
	HERO HOLDINGS, INC.
	SD DRILLING LLC
	THE OFFSHORE DRILLING COMPANY
	THE ONSHORE DRILLING COMPANY
	 TODCO AMERICAS INC.
 TODCO
INTERNATIONAL INC.
 HERCULES LIFTBOAT COMPANY, LLC

HERCULES OFFSHORE SERVICES LLC

	HERCULES OFFSHORE INTERNATIONAL, LLC
		
	By:	 	 /s/ Troy L. Carson

	Name: Troy L. Carson
	Title: Vice President

  
 [SIGNATURE
PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT] 

 
			
	DISCOVERY OFFSHORE (GIBRALTAR) LIMITED
		
	By:	 	 /s/ Troy L. Carson

	Name: Troy L. Carson
	Title: Authorized Person
		
	By:	 	 /s/ Beau M. Thompson

	Name: Beau M. Thompson
	Title: Authorized Person

  
 [SIGNATURE
PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT] 

 
			
	HERCULES OFFSHORE (NIGERIA) LIMITED
		
	By:	 	 /s/ Troy L. Carson

	Name: Troy L. Carson
	Title: Authorized Person

  
 [SIGNATURE
PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT] 

 
			
	 DISCOVERY NORTH SEA LTD.

DISCOVERY OFFSHORE SERVICES LTD.

	HERCULES ASSET MANAGEMENT LTD.
	HERCULES INTERNATIONAL DRILLING LTD.
	HERCULES INTERNATIONAL HOLDINGS, LTD.
	HERCULES INTERNATIONAL MANAGEMENT COMPANY LTD.
	HERCULES INTERNATIONAL OFFSHORE, LTD.
	 HERCULES NORTH SEA, LTD.

HERCULES OFFSHORE ARABIA, LTD.
 HERCULES OFFSHORE
HOLDINGS LTD.

	HERCULES OFFSHORE MIDDLE EAST LTD.
	HERCULES OILFIELD SERVICES LTD.
	TODCO TRINIDAD LTD.
		
	By:	 	 /s/ Claus E. Feyling

	Name: Claus E. Feyling
	Title: Director

  
 [SIGNATURE
PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT] 

 
			
	HERCULES OFFSHORE LABUAN CORPORATION
	HERCULES TANJUNG ASIA SDN. BHD.
		
	By:	 	 /s/ Claus E. Feyling

	Name: Claus E. Feyling
	Title: Director

  
 [SIGNATURE
PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT] 

 
			
	HERCULES BRITANNIA HOLDINGS LIMITED
	HERCULES BRITISH OFFSHORE LIMITED
	HERCULES NORTH SEA DRILLER LIMITED
	HERCULES OFFSHORE UK LIMITED
		
	By:	 	 /s/ Claus E. Feyling

	Name: Claus E. Feyling
	Title: Director

  
 [SIGNATURE
PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT] 

 
			
	JEFFERIES FINANCE LLC,
	as Administrative Agent and Collateral Agent
		
	By:	 	 /s/ Brian Buoye

		 	Name: Brian Buoye
		 	Title: Managing Director

  
 [SIGNATURE
PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT] 

 
			
	BLACKWELL PARTNERS LLC - SERIES A, as Lender
	By: Bowery Investment Management, LLC, its Manager
		
	By:	 	 /s/ Vladimir Jelisavcic

	Name: Vladimir Jelisavcic
	Title: Manager
	
	BOWERY OPPORTUNITY FUND, L.P., as Lender
	By: Bowery Investment Management, LLC, its General Partner
		
	By:	 	 /s/ Vladimir Jelisavcic

	Name: Vladimir Jelisavcic
	Title: Manager
	
	BOWERY OPPORTUNITY FUND, LTD., as Lender
		
	By:	 	 /s/ Vladimir Jelisavcic

	Name: Vladimir Jelisavcic
	Title: Director
	
	P BOWERY, LTD., as Lender
	 By: Bowery Investment Management, LLC,

its investment manager

		
	By:	 	 /s/ Vladimir Jelisavcic

	Name: Vladimir Jelisavcic
	Title: Manager

  
 [SIGNATURE
PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT] 

 
			
	Luminus Energy Master Fund, Ltd., as Lender
		
	By:	 	 /s/ Jonathan Barrett

		 	Name: Jonathan Barrett
		 	Title: Director

  
 [SIGNATURE
PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT] 

 
			
	QPB HOLDINGS LTD., as Lender
		
	By:	 	 /s/ Regan P.T. O’Neill

		 	Name: REGAN P.T. O’NEILL
		 	Title: Attorney-in-Fact

  
 [SIGNATURE
PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT] 

 
			
	Third Avenue Trust, on behalf of Third Avenue Focused Credit Fund, as Lender
	
	By: Third Avenue Management LLC, its investment adviser
		
	By:	 	 /s/ Vincent J. Dugan

		 	Name: Vincent J. Dugan
		 	Title: Chief Financial Officer

  
 [SIGNATURE
PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

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