Document:

EX-10.1

 Exhibit 10.1 

Execution Version 

PURCHASE AND EXCHANGE AGREEMENT 

THIS PURCHASE AND EXCHANGE AGREEMENT (this “Agreement”) is made and entered into as of December 6, 2016 by and among
Cobalt International Energy, Inc., a Delaware corporation (the “Company”), the Guarantors party hereto, and the holders, named in Schedule I hereto (the “Holders”), of the Company’s (i) 2.625%
Convertible Senior Notes due 2019 (the “2019 Notes”), which were issued under that certain First Supplemental Indenture (the “2019 Notes Supplemental Indenture”), dated as of December 17, 2012, supplementing
the Senior Indenture (the “Senior Indenture”), dated as of December 17, 2012, between the Company and Wells Fargo Bank, National Association, as trustee (the “Trustee”) and (ii) 3.125% Convertible Senior
Notes due 2024 (the “2024 Notes”), which were issued under that certain Second Supplemental Indenture (the “2024 Notes Supplemental Indenture”), dated as of May 13, 2014, supplementing the Senior Indenture.

 RECITALS 
 WHEREAS,
the Company has issued and outstanding (i) $1,380.0 million aggregate principal amount of 2019 Notes pursuant to the 2019 Notes Supplemental Indenture and (ii) $1,300.0 million aggregate principal amount of 2024 Notes pursuant to
the 2024 Notes Supplemental Indenture; 
 WHEREAS, the Company has agreed to issue and sell $500 million aggregate principal amount of new
10.75% First Lien Senior Secured Notes due 2021 of the Company (the “First Lien Notes”) to the Holders (the “First Lien Notes Offering”); 

WHEREAS, the Company and Wilmington Trust, National Association, as trustee (the “First Lien Trustee”) and as first lien
collateral agent (the “First Lien Collateral Agent”), are entering into a new indenture which shall govern the First Lien Notes, substantially in the form attached hereto as Exhibit A (the “First Lien Notes
Indenture”), and related collateral documents, substantially in the forms attached hereto as Exhibit B (the “First Lien Collateral Documents”); 

WHEREAS, the Company and the Holders have reached an agreement for the exchange of (A) (i) $616,554,000 aggregate principal
amount of 2019 Notes held by the Holders (or certain funds and/or accounts for which a Holder acts as investment advisor) (the “2019 Exchanged Notes”) and (ii) $95,855,000 aggregate principal amount of 2024 Notes held by the
Holders (or certain funds and/or accounts for which a Holder acts as investment advisor) (the “2024 Exchanged Notes,” and together with the 2019 Exchanged Notes, the “Exchanged Notes”), for
(B) (i) $584,732,000 aggregate principal amount of new 7.75% Second Lien Senior Secured Notes due 2023 of the Company (the “Second Lien Notes”), and (ii) 30 million shares (the “Exchange
Shares”) of the Company’s common stock, par value $0.01 (“Common Stock”), in each case, in the amounts per each Holder as indicated on Schedule I hereto; 

WHEREAS, the Company and Wilmington Trust, National Association, as trustee (the “Second Lien Trustee”) and as second lien
collateral agent (the “Second Lien Collateral Agent”), are entering into a new indenture which shall govern the Second Lien Notes, substantially in the form attached hereto as Exhibit C (the “Second Lien Notes
Indenture”), and related collateral documents, substantially in the form attached hereto as Exhibit D (the “Second Lien Collateral Documents”); 

 WHEREAS, concurrently with the consummation of the First Lien Notes Offering and the Exchange (as
defined below), the First Lien Collateral Agent named therein and the Second Lien Collateral Agent named therein, and the borrowers and obligors named therein are entering into an intercreditor agreement (the “Intercreditor
Agreement”), substantially in the form attached hereto as Exhibit E; 
 WHEREAS, the payment by the Company of all amounts
due or in respect of the First Lien Notes and the Second Lien Notes and the performance of the Company under the First Lien Notes Indenture, the First Lien Collateral Agreement, the Second Lien Notes Indenture and the Second Lien Collateral
Agreement will be initially guaranteed (the “Guarantees”) by each of the subsidiaries of the Company set forth on Exhibit F attached hereto (the “Guarantors”); and 

NOW, THEREFORE, in consideration of the premises and the representations, warranties, covenants and agreements herein contained and intending
to be legally bound hereby, the Company and the Holders hereby agree as follows: 
 ARTICLE I 

PURCHASE OF NOTES AND EXCHANGE OF NOTES 

Section 1.1 Purchase of First Lien Notes. Subject to the terms and conditions set forth in this Agreement, at the
Closing (as defined below), the Company will sell to the Holders, and each of the Holders, on its behalf and on behalf of certain funds and/or accounts for which such Holder acts as investment advisor, will purchase from the Company the principal
amount of First Lien Notes set forth opposite such Holder’s name on Schedule I hereto, for an aggregate purchase price set forth on Schedule I hereto for all such Holders; provided, that the Company and each Holder agree
that the First Lien Notes will be issued with original issue discount (“OID”) of 2.0%, and such OID shall constitute principal for all purposes under this Agreement and the First Lien Notes Indenture. 

Section 1.2 Exchange of Exchanged Notes for Second Lien Notes and Exchange Shares. Subject to the terms and conditions set
forth in this Agreement, each Holder hereby agrees, on its behalf and on behalf of certain funds and/or accounts for which such Holder acts as investment advisor, to exchange (the “Exchange” and together with the First Lien Notes
Offering, the “Transaction”) at the Closing (as defined below) the principal amount of the Exchanged Notes held by such Holder (or certain funds and/or accounts for which such Holder acts as investment advisor), as set forth
opposite such Holder’s name on Schedule I hereto, for (i) the principal amount of Second Lien Notes and (ii) a number of shares of Exchange Shares, each as set forth opposite such Holder’s name on Schedule I hereto
plus an amount in cash equal to the accrued and unpaid interest on the Exchanged Notes from the most recent payment date to the Closing, net of any required tax withholdings in respect of accrued interest, if any, to the extent of such Holder’s
failure to provide appropriate forms showing that such Holder is not subject to withholding. Upon the surrender of the Exchanged Notes in exchange for the Second Lien Notes and Exchange Shares, all then outstanding principal amount of such Exchanged
Notes, shall be deemed satisfied and such Exchanged Notes shall be cancelled, and all accrued 

  
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but unpaid interest on the Exchanged Notes up to and including the Closing Date (as defined below) shall be deducted from the amounts each Holder shall pay for the First Lien Notes. Each Holder
waives all rights to receive any future interest payments scheduled for its Exchanged Notes from and after the Closing. Following the Closing, the Exchanged Notes exchanged pursuant to this Agreement shall be delivered to the Trustee for
cancellation and cease to accrue interest. The principal amount of the Second Lien Notes to be issued shall be rounded to the nearest $1,000. The number of Exchange Shares to be issued shall be rounded to the nearest whole number. The First Lien
Notes, the Second Lien Notes and the Exchange Shares that are issued to the Holders in exchange for the Exchanged Notes are collectively referred to herein as the “New Securities.” 

Section 1.3 Withholding. The Company and Holders agree that the principal amount of First Lien Notes and Second Lien Notes
and the number of Exchange Shares deliverable by the Company pursuant to the Transaction and all amounts payable by the Company in cash pursuant to the Transaction shall be free and clear of any withholdings or deductions for taxes pursuant to
Section 1445 of the Code, and the regulations thereunder. Each Holder agrees to severally indemnify and hold harmless the Company against any amounts imposed on the Company pursuant to Section 1445 of the Code, and the regulations
thereunder, as a result of the Company’s failure to withhold and remit any such taxes in respect of such Holder’s Exchanged Notes. 

ARTICLE II 
 CLOSING
DATE; DELIVERY 
 Section 2.1 Closing. The closing of the Transaction described in Article I shall take place
at the offices of Kirkland & Ellis LLP, 600 Travis Street, Suite 3300, Houston, Texas 77002 at 10:00 a.m., Houston time, on the date hereof or at such other place as shall be mutually agreed by the Company and the Holders (which time
and place are designated as the “Closing” and which day is referred to herein as the “Closing Date”). 

Section 2.2 Delivery for the First Lien Notes. At the Closing, (a) the Company shall deliver to The Depository Trust
Company (“DTC”) or its custodian one or more global certificates representing the First Lien Notes being issued in the First Lien Notes Offering (the “Global First Lien Notes”) and (b) each Holder shall effect
payment for such First Lien Notes by Federal (same day) funds by wire transfer to an account at a bank designated by the Company at least three (3) Business Days prior to the date of this Agreement and acceptable to the Holders in an amount as
set forth opposite such Holder’s name on Schedule I, against delivery to the First Lien Trustee as custodian for DTC of the Global First Lien Notes representing all of the First Lien Notes. 

Section 2.3 Delivery for the Exchange. At the Closing, (a) the Company shall (i) deliver to DTC or its custodian
one or more global certificates representing the Second Lien Notes being issued in the Exchange and (ii) deliver evidence of issuance of the Exchange Shares credited to book-entry accounts maintained by the transfer agent of the Company in the
amounts as indicated on Schedule I hereto, and (b) each Holder shall effect by book entry, in accordance with the applicable procedures of DTC and the terms of the 2019 Notes Supplemental Indenture and the 2024 Notes Supplemental Indenture, as
applicable, the delivery to the Company (or to its 

  
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designee which may be the Second Lien Trustee for the benefit of the Company), the Exchanged Notes held by such Holder (or certain funds and/or accounts for which such Holder acts as investment
advisor) as set forth opposite such Holder’s name on Schedule I and such Exchanged Notes shall be cancelled by the Trustee under the relevant indenture or the amount outstanding under global certificates representing the 2019 Notes and
2024 Notes, as applicable, shall be decreased by the respective amounts of Exchanged Notes delivered. 
 Section 2.4
Consummation of Closing. All acts, deliveries and confirmations comprising the Closing, regardless of chronological sequence, shall be deemed to occur contemporaneously and simultaneously upon the occurrence of the last act, delivery or
confirmation of the Closing and none of such acts, deliveries or confirmations shall be effective unless and until the last of same shall have occurred. For the avoidance of doubt, in no event shall the Holders be required to purchase the First Lien
Notes if the Exchange is not concurrently consummated. 
 Section 2.5 No Transfer of Exchanged Notes After the Closing; No
Further Ownership Rights in the Exchanged Notes. Upon consummation of the Closing, all Exchanged Notes (or interests therein) exchanged pursuant to this Agreement shall cease to be transferable and there shall be no further registration of any
transfer of any such Exchanged Notes or interests therein. From and after the Closing, the Holders shall cease to have any rights with respect to such Exchanged Notes, including any payments of accrued and unpaid interest, except as otherwise
provided for herein or by applicable law. Upon consummation of the Closing the Exchanged Notes shall be deemed cancelled and no longer outstanding. 

Section 2.6 Payment of Fees and Expenses. The Company shall have paid on the Closing Date all reasonable and documented
legal and advisor fees , including the local counsel firms Jones Walker LLP and Walkers, of the Holders incurred in connection with the Transaction, to the extent invoiced at least one (1) Business Day before the Closing Date in accordance with
the terms of (i) that certain letter agreement, dated as of September 26, 2016, by and between Weil, Gotshal and Manges LLP (“Weil”) and the Company and (ii) that certain letter agreement, dated as of
November 14, 2016, by and among Weil, Moelis & Company LLC and the Company. 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES OF THE COMPANY AND THE GUARANTORS 

The Company and each of the Guarantors represents and warrants to each of the Holders as follows: 

Section 3.1 Organization and Good Standing of the Company and its Subsidiaries. The Company is a corporation duly formed,
validly existing and in good standing under the laws of the state of Delaware and has all requisite corporate power and authority to own, lease and operate its properties, and to enter into this Agreement and perform its obligations hereunder. Each
subsidiary of the Company has been duly formed and is validly existing and in good standing (or equivalent status to the extent applicable in the relevant jurisdiction) under the laws of the jurisdiction of its formation and has all requisite power
and authority to own, lease and 

  
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operate its properties and to enter into this Agreement and perform its obligations hereunder. The Company and each of its subsidiaries is duly qualified to do business and is in good standing in
all jurisdictions wherein such qualification is necessary, except where failure so to qualify would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on the business, properties, management, operations
or prospects, financial condition, results of operations of the Company and its subsidiaries, taken as a whole (a “Material Adverse Effect”). 

Section 3.2 Exchange Agreement and Other Transaction Documents. This Agreement, the Second Lien Notes Indenture, the
First Lien Notes Indenture, the Intercreditor Agreement, the Second Lien Collateral Documents, the First Lien Collateral Documents, and the other agreements and instruments contemplated hereby and thereby (collectively, the “Transaction
Documents”) have been duly and validly authorized by the Company and the Guarantors party thereto, this Agreement has been duly executed and delivered by the Company and the Guarantors and this Agreement is, and the Second Lien Notes
Indenture, the First Lien Notes Indenture, the Intercreditor Agreement, the Second Lien Collateral Documents and the First Lien Collateral Documents, when executed and delivered by the Company and the Guarantors party thereto, will be, valid and
binding obligations of the Company and the Guarantors party thereto, enforceable in accordance with their respective terms, subject as to enforceability to general principles of equity and to bankruptcy, insolvency, moratorium and other similar laws
affecting the enforcement of creditors’ rights generally, and except that the enforceability of any indemnification or contribution provisions thereof may be limited under applicable securities laws or the public policies underlying such laws.

 Section 3.3 First Lien Notes. The First Lien Notes have been duly and validly authorized by the Company, and when the
First Lien Notes are executed by the Company and authenticated and delivered pursuant to this Agreement and the First Lien Notes Indenture, the First Lien Notes will be valid and binding obligations of the Company, enforceable in accordance with
their terms, subject as to enforceability to general principles of equity and to bankruptcy, insolvency, moratorium and other similar laws affecting the enforcement of creditors’ rights generally.  

Section 3.4 Second Lien Notes. The Second Lien Notes have been duly and validly authorized by the Company, and when the
Second Lien Notes are executed by the Company and authenticated and delivered in exchange for the Exchanged Notes pursuant to this Agreement and the Second Lien Notes Indenture at the Closing, the Second Lien Notes will be valid and binding
obligations of the Company, enforceable in accordance with their terms, subject as to enforceability to general principles of equity and to bankruptcy, insolvency, moratorium and other similar laws affecting the enforcement of creditors’ rights
generally. 
 Section 3.5 Exchange Shares. The Exchange Shares have been duly authorized by the Company; all outstanding
shares of capital stock of the Company are, and, when the Exchange Shares have been issued and delivered to the applicable Holder pursuant to the Exchange against delivery of the Exchanged Notes in accordance with the terms of this Agreement on the
Closing Date, will be validly issued, fully paid and nonassessable, and the issuance of the Exchange Shares will not be subject to any preemptive, participation, rights of first refusal or other similar rights. 

  
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 Section 3.6 Title to Properties. 

Except (i) to the extent disclosed in the reports filed with, or furnished by the Company to, the Securities and Exchange Commission (the
“Commission”) prior to or on the date of this Agreement and publicly available on the date of this Agreement (other than forward-looking disclosures set forth in any risk factor section or similar section, or disclosures relating to
forward-looking statements, in each case to the extent they are predictive, cautionary or forward-looking in nature) (the “SEC Filings”) made with the Commission and (ii) as disclosed on Schedule 3.6 hereto: 

(a) The Company and its subsidiaries have legal, valid and defensible title to their respective Oil and Gas Properties in each case free from
Liens, charges, encumbrances and defects, security interests, charges, mortgages, deeds of trust and hypothecations of any kind other than Permitted Liens (as defined in the First Lien Notes Indenture); 

(b) None of the Company or Guarantors own any real property. The Company and Guarantors have good and marketable title to all other
properties and assets owned by them, other than Oil and Gas Properties, in each case free from liens, charges, encumbrances and defects other than Permitted Liens (as defined in the First Lien Notes Indenture) and, the Company and the Guarantors
hold any leased real or personal property under valid and enforceable leases with no terms or provisions that would interfere with the use made or currently proposed to be made thereof by them; 

(c) None of the Company or any of its subsidiaries own any Oil and Gas Properties except as shown on the Initial Reserves Report or Annex II;

 (d) The descriptions of the quantum and nature of the record title and beneficial interests of the Company and its subsidiaries set forth
in the Initial Reserves Report or as shown on Annex II include the entire record title and beneficial interests of the Company and its subsidiaries in such asset, and are complete and accurate in all material respects; and 

(e) No “back-in” or “reversionary” interests held by third parties exist which could reduce the interests of the Company
or its applicable subsidiary set forth in the Initial Reserves Report or set forth on Annex II. 
 Section 3.7
Non-Contravention. The execution and delivery by the Company of this Agreement and the other Transaction Documents and each other agreement and transaction contemplated hereby or thereby to which the Holders are a party, do not and will not
(i) result in any violation of any terms of the charter or certificate of formation or by-laws or limited liability company agreement, as applicable, of the Company or any of its subsidiaries; (ii) conflict with or result in a breach by
the Company or any of its subsidiaries of any of the terms or provisions of, or constitute a default under, any indenture, mortgage, deed of trust or other material agreement or instrument to which the Company or any of its subsidiaries is a party
or by which the Company, its subsidiaries or any of their respective properties or assets is bound or affected or (iii) violate or contravene any applicable law, rule or regulation or any applicable decree, judgment or order of any government
or political subdivision thereof, whether federal, state, local or foreign, or any agency or instrumentality of any such government or political 

  
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subdivision thereof (a “Governmental Body”) or court having jurisdiction over the Company or any of its or its subsidiaries’ properties or assets, except, in the case of
(ii) and (iii), as would not, materially and adversely affect the ability of the Company or the Guarantors to perform its obligations under the Transaction Documents, or which are otherwise material in the context of the issuance or sale of the
New Securities. 
 Section 3.8 Consents. No consent, approval, authorization, or order of, or filing with, any
Governmental Body or any court is required for the consummation of the transactions contemplated by the Transaction Documents in connection with the issuance and sale of the Exchange Shares, Second Lien Notes and the First Lien Notes by the Company,
except for (i) as have been obtained, (ii) as may be necessary to perfect security interests granted pursuant to the Second Lien Collateral Documents and the First Lien Collateral Documents or (iii) as may be required under applicable
state securities laws. 
 Section 3.9 Capitalization. The authorized capital stock of the Company is
(a) 2,000,000,000 shares of Common Stock and (b) 200,000,000 shares of preferred stock, par value $0.01 per share (the “Preferred Stock”). All of the outstanding capital stock of the Company has been duly authorized and
validly issued and is fully paid and nonassessable. As of September 30, 2016, there were: (a) 417,333,252 shares of Common Stock outstanding and (b) no shares of Preferred Stock outstanding. Except for shares of Common Stock reserved
for future grants or issuances (i) under the Amended and Restated Long Term Incentive Plan of the Company, (ii) under the Annual Incentive Plan of the Company, (iii) under the Cobalt International Energy, Inc. 2015 Long Term Incentive
Plan and (iv) upon conversion of the 2019 Notes and 2024 Notes in accordance with the 2019 Notes Supplemental Indenture and the 2024 Notes Supplemental Indenture, as applicable, the Company has no shares of Common Stock reserved for issuance
except for the shares of Common Stock referenced in the preceding sentence. The Company has good title to all outstanding capital stock or limited liability company interests of its subsidiaries, free and clear of any security interest, mortgage,
pledge, lien, encumbrance, claim or equity other than Liens to be granted under the Second Lien Collateral Documents and the First Lien Collateral Documents and other liens permitted under the Second Lien Notes Indenture and the First Lien Notes
Indenture, and all such capital stock is duly issued, fully paid and non-assessable, to the extent applicable. None of the outstanding shares of capital stock of any subsidiary were issued in violation of the preemptive or similar rights of any
securityholder of such subsidiary. The only subsidiaries of the Company are the subsidiaries listed on Exhibit 21.1 to the Company’s 2015 Annual Report (as defined below). 

Section 3.10 Financial Statements. The financial statements included in the Company’s Annual Report on Form 10-K for
the fiscal year ended December 31, 2015 (the “2015 Annual Report”), were prepared in accordance with generally accepted accounting principles in effect in the United States from time to time, and fairly present in all
material respects the financial positions and results of operations of the Company and its subsidiaries at the dates and for the periods indicated. The financial statements included in the Company’s Quarterly Report on Form 10-Q for the fiscal
quarter ended September 30, 2016, were prepared in accordance with generally accepted accounting principles in effect in the United States from time to time, and fairly present in all material respects the financial positions and results of
operations of the Company and its subsidiaries at the dates and for the periods indicated. 

  
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 Section 3.11 Taxes. The Company and its subsidiaries have filed, or have
caused to be filed or have requested extensions thereof, all material federal, state, local and foreign tax returns, information statements and reports that they are required to file and such tax returns were true, correct and complete in all
material respects. Except as set forth in the Company’s SEC Filings, the Company and its subsidiaries have paid, or made adequate provisions for the payment of, all material taxes, except for any such taxes, assessments, fines or penalties
currently being contested in good faith. 
 Section 3.12 Exchange Act Reports. The Company’s 2015 Annual Report, and
all other reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), since the end of such fiscal year, when they were filed with the Commission conformed in all material
respects to the requirements of the Exchange Act, and none of such documents contained any untrue statement of a material fact or omitted to state a material fact necessary to make the statements therein, in the light of the circumstances under
which they were made, not misleading. 
 Section 3.13 Governmental Approvals. Except as disclosed in the Company’s
SEC Filings, the Company and its subsidiaries possess, and are in compliance with the terms of, all adequate certificates, authorizations, franchises, licenses and permits (“Licenses”) necessary or material to the conduct of the business
now conducted or proposed in the Company’s SEC Filings to be conducted by them and have not received any notice of proceedings relating to the revocation or modification of any Licenses that, if determined adversely to the Company or any of its
subsidiaries, would individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 Section 3.14
Compliance with Environmental Laws. (i)(A) Neither the Company nor any of its subsidiaries is or has been in violation of, or has any liability under, any applicable federal, state, local or non-U.S. statute, law, rule, regulation, ordinance,
code, other requirement or rule of law (including common law), or decision or order of any domestic or foreign governmental agency, governmental body or court, relating to pollution, to the use, handling, transportation, treatment, storage,
discharge, disposal or release of Hazardous Substances, to the protection or restoration of the environment or natural resources (including biota), to health and safety including as such relates to exposure to Hazardous Substances, and to natural
resource damages (collectively, “Environmental Laws”), (B) neither the Company nor any of its subsidiaries owns, occupies, operates or uses any real property contaminated with Hazardous Substances, (C) neither the Company
nor any of its subsidiaries is conducting or funding any investigation, remediation, remedial action or monitoring of actual or suspected Hazardous Substances in the environment, (D) neither the Company nor any of its subsidiaries is liable or
allegedly liable for any release or threatened release of Hazardous Substances, including, but not limited to, at any off-site treatment, storage or disposal site or any formerly owned, operated, or occupied real property, (E) neither the
Company nor any of its subsidiaries is subject to any claim by any governmental agency or governmental body or person relating to Environmental Laws or Hazardous Substances, and (F) the Company and its subsidiaries have received and are in
compliance with all, and have no liability under any, permits, licenses, authorizations, identification numbers or other approvals required under applicable Environmental Laws to conduct their respective businesses; except in each case covered by
clauses (A) — (F) such as would not individually or in the aggregate, reasonably be expected to result in the Company or 

  
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any subsidiary incurring material liabilities; (ii) to the knowledge of the Company there are no facts or circumstances that would reasonably be expected to result in a violation of,
liability under, or claim pursuant to any Environmental Law that would reasonably be expected to result in the Company or any subsidiary incurring material liabilities; (iii) to the knowledge of the Company there are no requirements proposed
for adoption or implementation under any Environmental Law that would reasonably be expected to have a Material Adverse Effect; and (iv) except as disclosed in the Company’s SEC Filings, the Company has reasonably concluded that the
effect, including associated costs and liabilities, of Environmental Laws on the business, properties, results of operations, products and financial condition of the Company and its subsidiaries would not, singly or in the aggregate, reasonably be
expected to result in the Company or any subsidiary incurring material liabilities. For purposes of this section, “Hazardous Substances” means (1) petroleum and petroleum products, by-products or breakdown products, radioactive
materials, asbestos-containing materials, polychlorinated biphenyls and mold, and (2) any other chemical, material or substance defined or regulated as toxic or hazardous or as a pollutant, contaminant or waste under applicable Environmental
Laws. 
 Section 3.15 Litigation. Except as disclosed in the Company’s SEC Filings, there are no pending actions,
suits or proceedings (including, to the best of the Company’s knowledge, any inquiries or investigations threatened by any court or governmental agency or body, domestic or foreign) against the Company, any of its subsidiaries or any of their
respective properties that, if determined adversely to the Company or any of its subsidiaries, would individually or in the aggregate, reasonably be expected to (a) have a Material Adverse Effect,(b) result in an Event of Default pursuant to
Section 6.01(a)(7)(b) of the First Lien Notes Indenture (without giving effect to clause (c) thereof), (c) would materially and adversely affect the ability of the Company or the Guarantors to perform its obligations under the
Transaction Documents, or (d) which are otherwise material in the context of the issuance or sale of the New Securities; and no such actions, suits or proceedings (including any inquiries or investigations by any court or governmental agency or
body, domestic or foreign) are threatened or, to the Company’s knowledge, contemplated. 
 Section 3.16 Not an
Investment Company. Neither the Company nor any Guarantor is, and upon the application of the proceeds of the sale of the First Lien Notes will be, an “investment company” or a “person directly or indirectly controlled by or
acting on behalf of an investment company” within the meaning of the Investment Company Act of 1940, as amended. 

Section 3.17 Margin Stock. The Company is not engaged, principally or as one of its important activities, in the business
of extending credit for the purpose of purchasing or carrying any Margin Stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System). No proceeds from the sale of the First Lien Notes will be used by the Company to
purchase or carry, or to reduce or refinance any debt incurred to purchase or carry, any Margin Stock or for any related purpose governed by Regulations T, U or X of the Board of Governors of the Federal Reserve System. 

Section 3.18 Sarbanes-Oxley. Except as disclosed in the Company’s SEC Filings, there is and has been no failure on the
part of the Company, its subsidiaries or any of its directors or officers, in their capacities as such, to comply with any provision of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith, including
Section 402 

  
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related to loans and Sections 302 and 906 related to certifications, to the extent such sections are applicable. Since the 2015 Annual Report, except as disclosed in the Company’s SEC
Filings, there has been (1) no material weakness in the Company’s internal control over financial reporting (whether or not remediated) and (2) no change in the Company’s internal control over financial reporting that has
materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting. 

Section 3.19 No General Solicitation. The Company is not, none of its affiliates, nor, to the knowledge of the Company, any
person acting on their behalf (i) has, within the six-month period prior to the date hereof, offered or sold in the United States or to any U.S. person (as such terms are defined in Regulation S under the Securities Act) the Second Lien Notes
or the First Lien Notes, or any security of the same class or series as the Second Lien Notes or the First Lien Notes or (ii) has offered or will offer or sell the Second Lien Notes or the First Lien Notes in the United States by means of any
form of general solicitation or general advertising within the meaning of Rule 502(c) under the Securities Act. 
 Section 3.20
DTC. The First Notes and the Second Lien Notes have been declared eligible for clearance and settlement through DTC and have been delivered to the custodian of DTC for distribution to the accounts of applicable DTC participants for each
Holder. 
 Section 3.21 NYSE Listing. The Exchange Shares have been approved for listing, subject to official notice of
issuance, on the New York Stock Exchange (the “NYSE”). 
 Section 3.22 No Material Adverse Change. Except as
disclosed in the Company’s SEC Filings, since December 31, 2015, (i) there has been no Material Adverse Effect, (ii) no dividend or distribution of any kind declared, paid or made by the Company on any class of its capital stock
and (iii) no material adverse change in the capital stock, short-term indebtedness, long-term indebtedness, net current assets or net assets of the Company and its subsidiaries. Since September 30, 2016, the Company has operated its
business in the ordinary course consistent with past practice. 
 Section 3.23 No Registration. Assuming the
accuracy of, and compliance with, the representations and warranties of the Holders set forth in Article IV hereof, the offer and sale of the New Securities to the Holders in the manner contemplated by this Agreement will be exempt from the
registration requirements of the Securities Act by reason of Section 4(a)(2) thereof; and it is not necessary to qualify the First Lien Notes Indenture or the Second Lien Notes Indenture under the Trust Indenture Act of 1939, as amended. 

Section 3.24 Insurance. The Company and its subsidiaries (i) are insured by insurers with financially sound and
reputable insurance companies licensed to provide insurance in the applicable jurisdiction, in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar
location, (ii) true and complete copies of all such insurance policies have been provided by the Company to the First Lien Collateral Agent and the Second Lien Collateral Agent, and (iii) the Company and its subsidiaries are in compliance
with the terms of such policies and instruments in all material respects. 

  
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 Section 3.25 Condition of Assets. All of the assets of the Company and its
subsidiaries that are material to the operations of the Company or its subsidiaries are in good order and working condition and suitable for the use thereof, ordinary wear and tear excepted, and there has been no material casualty or loss, or notice
of taking or condemnation or equivalent action on the part of any governmental agency or body, with respect thereto and none of the Company or its subsidiaries has reason to believe that any such action is contemplated by any governmental agency or
body. 
 Section 3.26 No Default. No Default or Event of Default (as such terms are defined in the First Lien Notes
Indenture and Second Lien Notes Indenture) exists or would result from (i) the execution and delivery by the Company and its subsidiaries of this Agreement and the other Transaction Documents and each other agreement and transaction
contemplated hereby or thereby or (ii) the grant or perfection of the Liens on the Collateral in favor of the First Lien Collateral Agent and Second Lien Collateral Agent. 

Section 3.27 Sanctions; Anti-Corruption Laws. 

Except as disclosed on Schedule 3.27: 

(a) The Company and its subsidiaries have implemented and maintain, or cause to be implemented and maintained in effect, policies, and
procedures designed to ensure compliance by the Company and its subsidiaries and all directors, officers, employees and agents currently engaged by the Company or its subsidiaries and carrying out activities on their behalf, with applicable
Anti-Corruption Laws and applicable Sanctions, and the Company and its subsidiaries and any directors, officers, and employees and, to the knowledge of the Company, its Affiliates, or any agents acting on its behalf, are in compliance with
Anti-Corruption Laws and applicable Sanctions. 
 (b) None of the Company, any subsidiary of the Company, or any director, officer or
employee of the Company or any of its subsidiaries, nor, to the knowledge of the Company, any of its Affiliates or agents acting on its behalf (i) is a Sanctioned Person, (ii) has any of its assets located in a Sanctioned Country; or
(iii) derives revenues from investments in, or transactions with, Sanctioned Persons. 
 (c) None of the Company, any subsidiary of the
Company, or any director, officer or employee of the Company or any of its subsidiaries, nor, to the knowledge of the Company, any of its Affiliates or agents acting on its behalf, has taken any action, directly or indirectly, that would result in a
material violation by such persons of the FCPA, including without limitation, making use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment, promise to pay or authorization of the
payment of any money, or other property, gift, promise to give, or authorization of the giving of anything of value to any “foreign official” (as such term is defined in the FCPA) or any foreign political party or official thereof or any
candidate for foreign political office, in contravention of the FCPA; and, the Company and its subsidiaries and, to the knowledge of the Company, its Affiliates have conducted their businesses in material compliance with the FCPA. 

  
 11 

 Section 3.28 Sufficient Capital. All indebtedness represented by the First
Lien Notes and the Second Lien Notes is being incurred for proper purposes and in good faith; at the Closing, after giving pro forma effect to the Transaction and other good faith assumptions of the Company, the Company and its subsidiaries, taken
as a whole on a consolidated basis, will have sufficient capital for carrying on their business. 
 Section 3.29
Outstanding Indebtedness. As of the Issue Date, there exists no indebtedness of any subsidiary of the Company that is not a Guarantor, other than Permitted Debt (as defined in the First Lien Notes Indenture). 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF THE HOLDERS 

Each Holder represents and warrants, severally and not jointly, to the Company as follows: 

Section 4.1 Organization and Standing of Holders. Each Holder is duly organized, validly existing and in good standing
under the laws of its jurisdiction of its incorporation or formation and has all requisite power and authority to enter into this Agreement and perform its obligations hereunder. 

Section 4.2 Exchange Agreement and Other Transaction Documents. This Agreement and each other agreement contemplated hereby
to which each Holder is a party has been duly and validly authorized by such Holder. This Agreement has been duly executed and delivered by each Holder, and this Agreement is a valid and binding obligation of each Holder enforceable in accordance
with its terms, subject as to enforceability to general principles of equity and to bankruptcy, insolvency, moratorium and other similar laws affecting the enforcement of creditors’ rights generally, and except that the enforceability of any
indemnification or contribution provisions thereof may be limited under applicable securities laws or the public policies underlying such laws. 

Section 4.3 Non-Contravention. The execution and delivery by each Holder of this Agreement and the other documents and
transactions contemplated hereby and each other agreement contemplated hereby to which such Holder is a party, do not and will not (i) result in any violation of any terms of the charter documents of such Holder; (ii) conflict with or
result in a breach by such Holder of any of the terms or provisions of, or constitute a default under, any indenture, mortgage, deed of trust or other material agreement or instrument to which such Holder is a party or by which such Holder or any of
its properties or assets is bound or affected or (iii) violate or contravene any applicable law, rule or regulation or any applicable decree, judgment or order of any Governmental Body or court having jurisdiction over such Holder or any of its
properties or assets, except, in the case of (ii) and (iii), as would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on the business, properties, operations, financial condition or results of
operations of such Holder and its subsidiaries, taken as a whole. 

  
 12 

 Section 4.4 Ownership. Each Holder is (i) the sole beneficial owner
and/or the investment advisor, authorized representative or manager for the beneficial owners of the Exchanged Notes, the principal amount of which is set forth on its signature page attached hereto, having the power to vote and dispose of such
Exchanged Notes on behalf of such beneficial owners and (ii) entitled (for its own account or for the account of certain funds and/or accounts for which it acts as investment advisor) to all of the rights and economic benefits of such Exchanged
Notes. There are no outstanding agreements, arrangements or understandings under which such Holder, its nominee or the beneficial owners of the Exchanged Notes for which such Holder acts as investment advisor may be obligated to transfer any of the
Exchanged Notes, other than this Agreement. Each Holder has full power and authority to enter into this Agreement, make the representations and warranties set forth herein and transfer the Exchanged Notes in accordance with the terms hereof on
behalf of the beneficial owners of the Exchanged Notes, the principal amount of which is set forth on its signature page hereto. 

Section 4.5 Transfers. Each Holder (and the beneficial owners of the Exchanged Notes for which such Holder acts as
investment advisor) has made no prior assignment, sale, participation, grant, conveyance or other transfer of, and has not entered into any other agreement to assign, sell, participate, grant or otherwise transfer (except for liens or encumbrances
in favor of a broker dealer over property in an account with such dealer generally in which an encumbrance is released upon transfer), in whole or in part, any portion of its right, title or interests in the Exchanged Notes it beneficially owns,
subject to this Agreement, that is inconsistent with the representations and warranties made in Section 4.4 above or that would render such Holder (and the beneficial owners of the Exchanged Notes for which such Holder acts as investment
advisor) otherwise unable to comply with its obligations under this Agreement. 
 Section 4.6 Liens. The Exchanged Notes
held by each Holder (or the beneficial owners of the Exchanged Notes for which such Holder acts as investment advisor, as the case may be) are not subject to any lien, pledge, mortgage, security interest, charge, option or other encumbrance of
adverse claim of any kind (a “Lien”), except for liens or encumbrances in favor of a broker dealer over property in an account with such dealer generally in which an encumbrance is released upon transfer. The execution and delivery
of, and the performance by each Holder of its obligations under, this Agreement, will not result in the creation of any Lien upon the Exchanged Notes held by such Holder (or the beneficial owners of the Exchanged Notes for which such Holder acts as
investment advisor, as the case may be). Upon the consummation of the Exchange, the Company will acquire the Exchanged Notes to be exchanged by each Holder (or the beneficial owners of the Exchanged Notes for which such Holder acts as investment
advisor, as the case may be) free and clear of any Lien. 
 Section 4.7 No Illegal Transactions. Each of the Holders has
not, directly or indirectly, and no person acting on behalf of or pursuant to any understanding with it has, disclosed to a third party any information regarding the Exchange or engaged in any transactions in the securities of the Company
(including, without limitation, any Short Sales (as defined below) involving any of the Company’s securities) since the time that such Holder became restricted from trading in the Company’s securities. Each of the Holders covenants that
neither it nor any person acting on its behalf or pursuant to any understanding with it will disclose to a third party any information regarding the Exchange or engage, directly or indirectly, in any

  
 13 

 
transactions in the securities of the Company (including Short Sales) prior to the time the transactions contemplated by this Agreement are publicly disclosed by the Company. “Short
Sales” include, without limitation, all “short sales” as defined in Rule 200 of Regulation SHO promulgated under the Exchange Act, and all types of direct and indirect stock pledges, forward sale contracts, options, puts, calls,
short sales, swaps, derivatives and similar arrangements (including on a total return basis), and sales and other transactions through non-U.S. broker-dealers or foreign regulated brokers. Solely for purposes of this Section 4.7, subject
to each Holder’s compliance with its obligations under the U.S. federal securities laws and such Holder’s internal policies, (i) “Holder” shall not be deemed to include any employees, subsidiaries, desks, groups or
affiliates of each Holder that are effectively walled off by appropriate “Fire Wall” information barriers approved by such Holder’s respective legal or compliance department (and thus such walled off parties have not been privy to any
information concerning the Exchange), and (ii) the foregoing representations and covenants of this Section 4.7 shall not apply to any transaction by or on behalf of an account, desk or group that was effected without the advice or
participation of, or such account’s, desk’s or group’s receipt of information regarding the Exchange provided by such Holder. 

Section 4.8 Investment Experience. Each Holder has such knowledge and experience in financial and business affairs that
such Holder is capable of evaluating the merits and risks of an investment in the Exchange Shares, Second Lien Notes and First Lien Notes. Each Holder (and each beneficial owner of the Exchanged Notes for which such Holder acts as investment
advisor) is an “accredited investor,” within the meaning of Rule 501 promulgated by the Commission under the Securities Act, and a “qualified institutional buyer” as defined in Rule 144A under the Securities Act. Each Holder (and
each beneficial owner of the Exchanged Notes for which such Holder acts as investment advisor) will acquire the Exchange Shares, Second Lien Notes and First Lien Notes for its own account (or for the account of certain funds and/or accounts for
which such Holder acts as investment advisor), for investment, and not with a view to or for sale in connection with any distribution thereof in violation of the registration provisions of the Securities Act or the rules and regulations promulgated
thereunder. Each Holder (and each beneficial owner of the Exchanged Notes for which such Holder acts as investment advisor) understands that the Exchange Shares, Second Lien Notes and First Lien Notes are being issued to it in reliance on specific
exemptions from the registration requirements of United States federal and state securities laws and that the Company is relying upon the truth and accuracy of, and each Holder’s compliance (and the compliance of each beneficial owner of the
Exchanged Notes for which such Holder acts as investment advisor) with, the representations, warranties, agreements, acknowledgments and understandings of such Holder (on its own behalf and on behalf of each beneficial owner of the Exchanged Notes
for which such Holder acts as investment advisor) set forth herein in order to determine the availability of such exemptions and the eligibility of such Holder (and each beneficial owner of the Exchanged Notes for which such Holder acts as
investment advisor) to acquire the Exchange Shares, Second Lien Notes and First Lien Notes. Each Holder (and each beneficial owner of the Exchanged Notes for which such Holder acts as investment advisor) acknowledges that no representations, express
or implied, are being made with respect to the Company, the Exchange Shares, Second Lien Notes and First Lien Notes, or otherwise, other than those expressly set forth herein. In making its decision to invest in the Exchange Shares, Second Lien
Notes and First Lien Notes hereunder, such Holder has relied upon independent investigations made by such Holder and, to the extent believed by such Holder to be appropriate, such Holder’s representatives, including

  
 14 

 
such Holder’s own professional, tax and other advisors. Each Holder and its representatives have been given the opportunity to ask questions of, and to receive answers from, the Company and
its representatives concerning the terms and conditions of the investment in the Exchange Shares, Second Lien Notes and First Lien Notes. Each Holder has reviewed, or has had the opportunity to review, all information it deems necessary and
appropriate for such Holder to evaluate the financial risks inherent in an investment in the Exchange Shares, Second Lien Notes and First Lien Notes and has had sufficient time to evaluate the Exchange. Each Holder (and each beneficial owner of the
Exchanged Notes for which such Holder acts as investment advisor) understands that its investment in the Exchange Shares, Second Lien Notes and First Lien Notes involves a high degree of risk and that no Governmental Body has passed on or made any
recommendation or endorsement of the Exchange Shares, Second Lien Notes and First Lien Notes. 
 Section 4.9 Restricted
Securities. Each Holder has been advised by the Company that (i) the offer and sale of the New Securities has not been registered under the Securities Act; (ii) the offer and sale of the New Securities is intended to be exempt from
registration under the Securities Act pursuant to Section 4(a)(2) under the Securities Act; and (iii) there is currently no established market for the Second Lien Notes or First Lien Notes. Each Holder is familiar with Rule 144 promulgated
by the Commission under the Securities Act, as presently in effect, and understands the resale limitations imposed thereby and by the Securities Act. Each Holder (and each beneficial owner of the Exchanged Notes for which such Holder acts as
investment advisor) will only sell or otherwise transfer the First Lien Notes and Second Lien Notes in accordance with the First Lien Notes Indenture or Second Lien Notes Indenture, as applicable. None of the Holders is an “affiliate” (as
that term is defined in Rule 144(a)(1) under the Securities Act) of the Company or has been an “affiliate” of the Company during the preceding three (3) months of the date hereof. 

ARTICLE V 
 CLOSING
DELIVERABLES OF THE COMPANY 
 In addition to those items described in Section 2.3, the obligation of each Holder to
purchase the First Lien Notes and to exchange the Exchanged Notes for the Exchange Shares and Second Lien Notes is conditioned upon the delivery of the following (any or all of which may be waived by such Holder in its sole discretion): 

(a) the First Lien Notes Indenture, duly executed by the Company, the First Lien Trustee, and the First Lien Collateral Agent; 

(b) the Second Lien Notes Indenture, duly executed by the Company, the Second Lien Trustee and the Second Lien Collateral Agent; 

(c) the First Lien Collateral Documents, duly executed by the Company, certain subsidiaries of the Company, the First Lien Trustee, and the
First Lien Collateral Agent; 
 (d) the Second Lien Collateral Documents, duly executed by the Company, certain subsidiaries of the Company,
the Second Lien Trustee and the Second Lien Collateral Agent; 

  
 15 

 (e) the Intercreditor Agreement, duly executed by the First Lien Collateral Agent, the Second
Lien Collateral Agent and the borrowers and obligors named therein; 
 (f) each other item listed on Annex I hereto; and 

(g) a legal opinion of Davis Polk & Wardwell LLP, counsel for the Company, in the form of Exhibit G hereto. 

ARTICLE VI 
 CLOSING
DELIVERABLES OF THE HOLDERS 
 In addition to those items described in Section 2.3, the obligation of the Company to issue
and sell the First Lien Notes and exchange the Exchanged Notes for the Exchange Shares and Second Lien Notes is conditioned upon the delivery of each Holder’s payment for the First Lien Notes in the amount as set forth opposite such
Holder’s name on Schedule I (which may be waived by the Company in its sole discretion). 
 ARTICLE VII 

CERTAIN COVENANTS AND AGREEMENTS OF THE PARTIES 

Section 7.1 Further Actions by Holder. Each Holder shall, at the written request of the Company, at any time and from time
to time following the Closing execute and deliver to the Company all such further instruments and take all such further action as may be reasonably necessary or appropriate in order to confirm or carry out its obligations under this Agreement. 

Section 7.2 Further Action by the Company. The Company shall, at the written request of any Holder, at any time and from
time to time following the Closing execute and deliver to such Holder all such further instruments and take all such further action as may be reasonably necessary or appropriate in order to confirm or carry out its obligations under this Agreement.

 Section 7.3 Best Efforts. The Company and the Holders shall use their respective best efforts (subject to standards of
commercial reasonableness) to consummate the transactions contemplated to be performed by it under this Agreement. 

Section 7.4 Tax Treatment. The parties intend that the exchange of the Exchanged Notes for the New Securities be treated as
a reorganization pursuant to Section 368 of the Internal Revenue Code of 1986, as amended, and the parties shall file all applicable tax returns in a manner consistent with such tax treatment, unless otherwise required by applicable law. 

Following the Closing, the Company shall, within a reasonable period after a request by any Holder provide such Holder with a statement
informing the Holder whether as of the Closing Date its Exchanged Notes constitute “U.S. real property interests” in accordance with the provisions of Treasury Regulations Section 1.897-2(h)(1). If the Company does not provide
such a statement within a reasonable period in accordance with Treasury Regulations Section 1.897-2(h)(1)(i), the Company shall cooperate in good faith and provide such assistance and information regarding the assets and liabilities of the
Company as is reasonably requested by the Holders for the Holders to determine the tax consequences to them (or their direct or indirect equity holders) of the exchange of the Exchanged Notes for the New Securities under Section 897 of the
Internal Revenue Code of 1986. 

  
 16 

 Section 7.5 Publicity. The Company and the Holders agree that promptly
following the Closing, the Company will issue a press release, substantially in the form attached hereto as Exhibit I. 

Section 7.6 Use of Proceeds. The Company shall not use, and shall procure that its subsidiaries and its or their respective
directors, officers, employees and agents shall not use, either directly or indirectly, the proceeds from the sale of the First Lien Notes in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or
anything else of value, to any person in violation of any Anti-Corruption Laws or in furtherance of any payment to any Sanctioned Person or otherwise in violation of the Sanctions laws. 

ARTICLE VIII 

TERMINATION 

Section 8.1 Termination. Notwithstanding anything in this Agreement to the contrary, this Agreement may be terminated and
the transactions contemplated by this Agreement abandoned at any time prior to the Closing by any party if the transactions contemplated by this Agreement are not consummated in accordance with their terms within 15 days after the date hereof;
provided, however, that a party hereto shall not have the right to terminate this Agreement if the failure to consummate the transactions contemplated by this Agreement shall be primarily attributable to such party’s failure to satisfy its
obligations hereunder; provided further that the provisions of Sections 7.5 and 9.1 shall survive any such termination of this Agreement. 

ARTICLE IX 

INDEMNIFICATION 

Section 9.1 Indemnification. 

(a) The Company and the Guarantors jointly and severally agree to indemnify and hold harmless each Holder and its affiliates, and in each
case, their respective officers, directors, employees, controlling persons (within the meaning of the Securities Act or the Exchange Act) and agents (each, an “Indemnified Holder”), against any loss, claim, damage, liability or
out-of-pocket expense (including reasonable attorneys’ fees), as incurred, if any (collectively, “Losses”), arising out of or relating to this Agreement and the transactions contemplated hereby, other than Losses relating to
(i) taxes, (ii) to the extent finally determined by a court of competent jurisdiction to have resulted from the bad faith, gross negligence or willful misconduct of such Indemnified Holder, from a willful and material breach by a Holder of
its obligations under this Agreement or from a claim solely among the Indemnified Holders or (iii) a claim brought by or on behalf of another holder of 2019 Notes or 2024 Notes to the extent arising from actions taken by any Indemnified Holder
prior to the date of this Agreement that has not been disclosed to the Company prior to the date hereof. 
 (b) Promptly after receipt by an
Indemnified Holder under this Section 9.1 of notice of the commencement of any action, such Indemnified Holder will, if a claim in respect thereof 

  
 17 

 
is to be made against the Company under this Section 9.1, notify the Company in writing of the commencement thereof, but the failure to notify the Company will not relieve it from
liability under paragraph (a) above unless and to the extent it did not otherwise learn of such action and such failure results in the forfeiture by the Company of substantial rights and defenses. In case any such action is brought against any
Indemnified Holder and such Indemnified Holder seeks or intends to seek indemnity from the Company, the Company will be entitled to participate in, and, to the extent that it shall elect, by written notice delivered to the Indemnified Holder
promptly after receiving the aforesaid notice from such Indemnified Holder, to assume the defense thereof; provided, however, if the defendants in any such action include both the Indemnified Holder and the Company and the Company or the Indemnified
Holder shall have reasonably concluded that a conflict may arise between the positions of the Company and the Indemnified Holder in conducting the defense of any such action or that there may be legal defenses available to them and/or other
Indemnified Holders that are different from or additional to those available to the Company, the Indemnified Holder or Holders shall have the right to select separate counsel to assume such legal defenses and to otherwise participate in the defense
of such action on behalf of such Indemnified Holder or Holders. Upon receipt of notice from the Company to such Indemnified Holder of the Company’s election so to assume the defense of such action and approval by the Indemnified Holder of
counsel, the Company will not be liable to such Indemnified Holder for any legal or other expenses subsequently incurred by such Indemnified Holder in connection with the defense thereof unless (i) the Indemnified Holder shall have employed
separate counsel in accordance with the proviso to the preceding sentence (it being understood, however, that in connection with any such action the Company shall not be liable for the expenses of more than one separate counsel (in addition to any
local counsel) representing the Indemnified Holders who are parties to such action) or (ii) the Company shall not have employed counsel reasonably satisfactory to the Indemnified Holder to represent the Indemnified Holder within a reasonable
time after notice of commencement of the action. 
 (c) The Company shall not be liable for any settlement of any proceeding effected
without its written consent, which shall not be withheld unreasonably, but if settled with such consent or if there is a final judgment for the plaintiff, the Company agrees to indemnify the Indemnified Holder against any Loss by reason of such
settlement or judgment. The Company shall not, without the prior written consent of the Indemnified Holder, effect any settlement in any pending or threatened action, suit or proceeding in respect of which any Indemnified Holder is or could have
been a party and indemnity was or could have been sought hereunder by such Indemnified Holder, unless such settlement, compromise or consent (x) includes an unconditional release of such Indemnified Holder from all liability on claims that are
the subject matter of such action, suit or proceeding and (y) 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 Holder. 

(d) If the indemnification provided for in this Section 9.1 is for any reason unavailable to or otherwise insufficient to hold
harmless the Indemnified Holder in respect of any Loss referred to therein, then the Company shall contribute to the aggregate amount paid or payable by such Indemnified Holder, as incurred, as a result of any Loss referred to therein: 

(i) in such proportion as is appropriate to reflect the relative benefits received by the Company, on the one hand, and the
Holders, on the other hand, pursuant to this Agreement, or 

  
 18 

 (ii) if the allocation provided by Section 9.1(d)(i) above is not
permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in Section 9.1(d)(i) above but also the relative fault of the Company, on the one hand, and the Holders, on the other
hand, as well as any other relevant equitable considerations. 
 The Company and each of the Holders agree that it would not be just and equitable if
contribution pursuant to this Section 9.1(d) were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable
considerations referred to in this Section 9.1. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of
such fraudulent misrepresentation. The Holders’ obligations to contribute as provided in this Section 9.1(d) are several and not joint. 

(e) The provisions of this Section 9.1 will survive the Closing. 

ARTICLE X 
 MISCELLANEOUS

 Section 10.1 Survival of Representations. The representations, warranties, covenants and agreements of the Company
and each of the Holders contained in this Agreement or in any certificate furnished hereunder shall survive the Closing. 

Section 10.2 Prior Agreements. Except as set forth in the Confidentiality Agreements by and between the Company and each of
the Holders, this Agreement constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes any prior representations, understandings or agreements. There are no representations, warranties, agreements,
conditions or covenants, of any nature whatsoever (whether express or implied, written or oral) between the parties hereto with respect to such subject matter except as expressly set forth herein. 

Section 10.3 Severability. The invalidity or unenforceability of any provision hereof shall in no way affect the validity
or enforceability of any other provision or the validity and enforceability of this Agreement in any other jurisdiction. 

Section 10.4 Governing Law; Jurisdiction. This Agreement shall in all respects be construed in accordance with and governed
by the substantive laws of the State of New York, without reference to its choice of law rules. All actions or proceedings arising out of or relating to this Agreement shall be heard and determined exclusively in any federal court of the United
States of America sitting in the City of New York, Borough of Manhattan; provided, however, that if such federal court does not have jurisdiction over such action or proceeding, such action or proceeding shall be heard and determined exclusively in
any state court sitting in the City of New York, Borough of Manhattan. Consistent with the preceding sentence, the parties hereto hereby (a) submit to the exclusive jurisdiction of any federal or state court sitting in City of New York, Borough
of Manhattan, for the purpose of any action or proceeding arising out of or relating to this Agreement brought by any party hereto and (b) irrevocably waive, and agree not 

  
 19 

 
to assert by way of motion, defense, or otherwise, in any such action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property
is exempt or immune from attachment or execution, that the action or proceeding is brought in an inconvenient forum, that the venue of the action or proceeding is improper, or that this Agreement or the transactions contemplated by this Agreement
may not be enforced in or by any of the above-named courts. 
 Section 10.5 Waiver of Jury Trial. EACH PARTY HERETO
HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT
OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

Section 10.6 Headings. Section headings in this Agreement are included herein for convenience of reference only and shall
not constitute a part of, or affect the interpretation of, this Agreement. 
 Section 10.7 Certain Definitions.
Capitalized terms in this Agreement shall have the meanings specified below, or as specified elsewhere in this Agreement, for all purposes hereof. The following terms, as used in this Agreement, shall have the meanings as set forth below: 

(i) “Affiliate” means, with respect to a specified person, another person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with such specified person. 
 (ii) “Anti-Corruption
Laws” means all laws, rules and regulations of any jurisdiction applicable to the Company and each of its subsidiaries from time to time concerning or relating to bribery or corruption, including but not limited to any law, rule, or
regulation promulgated to implement the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, signed December 17, 1997, including the FCPA or any other law, rule or regulation of similar
purpose and scope. 
 (iii) “Control” means the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of a person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

(iv) “FCPA” means the United States Foreign Corrupt Practices Act of 1977, as amended. 

  
 20 

 (v) “Governmental Authority” means the government of the United States of
America or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing,
regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

(vi) “Governmental Requirements” means, as of the date of determination thereof, all applicable laws, ordinances, rules,
regulations, judgments, interpretations, policy orders, decrees or similar forms of decision of any Governmental Authority. 
 (vii)
“Heidelberg Field” means all of Green Canyon Block 859 Unit-Federal Unit No. 754311007, effective May 1, 2011, which is presently comprised of Green Canyon Blocks 859, 903, 904 and 948. 

(viii) “Hydrocarbons” means oil, gas, coal seam gas, coalbed methane, casinghead gas, drip gasoline, natural gasoline,
condensate, distillate, and all other liquid and gaseous hydrocarbons produced or to be produced in conjunction therewith from a well bore and all products, by¬ products, and other substances derived therefrom or the processing thereof, and all
other minerals and substances produced in conjunction with such substances, including, but not limited to, sulphur, geothermal steam, water, carbon dioxide, helium, and other minerals, ores, or substances of value and the products and proceeds
therefrom, but excluding: (a) coal or bituminous shales or other stratified deposits from which oil can be extracted by destructive distillation, and (b) any substance unavoidably lost in the production thereof or used in conformity with
good industry practice for drilling and the production operations (including gas injection, fuel, secondary recovery pressure maintenance, re-pressuring or re-cycling operations) conducted for the purpose of winning and saving such substances but
only for the duration of such use. 
 (ix) “Hydrocarbon Interests” means rights, titles, interests and estates now or
hereafter acquired in and to oil and gas leases, oil, gas and mineral leases, or other liquid or gaseous hydrocarbon leases, mineral fee interests, mineral term interests, subleases, farm-outs, overriding royalty and royalty interests, net profit
interests, carried interests, back-in interests, reversionary interests, production payment interests, and other similar mineral interests, including any reserved or residual interests of whatever nature. 

(x) “Independent Engineering Consultant” means, in the case of the Initial Reserves Report, Netherland, Sewell &
Associates, Inc., or, in all other cases, such other reputable independent Hydrocarbons engineer or other expert as may be approved by the Holders (acting reasonably and in consultation with the Company). 

(xi) “Initial Reserves Report” means the reserves report by the Independent Engineering Consultant in relation to the
Heidelberg Field and delivered as a condition precedent pursuant to Annex I. 
 (xii) “Oil and Gas Properties” means all
Hydrocarbon Interests, including without limitation, equity or other ownership interests directly or indirectly therein, and any interests in any concession or license to explore or produce oil and natural gas and interests pooled or unitized
therewith. 

  
 21 

 (xiii) “Sanctioned Country” means, at any time, a country or territory which is
itself the subject or target of any Sanctions. 
 (xiv) “Sanctioned Person” means, at any time, any person that is: 

(a) listed on, or acting on behalf of, a person listed on any Sanctions List; 

(b) organized or resident in a Sanctioned Country; or 

(c) owned or controlled by any such person or persons described in the foregoing paragraphs (a) or (b). 

(xv) “Sanctions” means economic or financial sanctions or trade embargoes or related restrictive measures enacted, imposed,
administered or enforced from time to time by a Sanctions Authority. 
 (xvi) Sanctions Authority” means: 

(a) the United Nations Security Council; 

(b) the United States of America; 

(c) the European Union; 
 (d)
the United Kingdom (together, “Sanctions Authorities”). 
 (xvii) Sanctions List” means: 

(a) the Specially Designated Nationals and Blocked Persons list maintained by the Office of Foreign Assets Control of the U.S. Department of
the Treasury or any list of designated persons maintained by the U.S. Department of State; 
 (b) the Denied Persons List maintained by the
US Department of Commerce; 
 (c) the Consolidated List of Financial Sanctions Targets and the Investment Ban List maintained by Her
Majesty’s Treasury; 
 (d) the European Union’s lists of restrictive measures against persons and entities issued pursuant to its
Common Foreign and Security Policy, for which a consolidated list is provided on the website of the European External Action Service, as well as any publicly-available implementing or additional lists of restrictive measures against persons or
entities issued by any of its member states in which a Secured Party is operating, organized or resident; 
 or any other similar list issued or maintained
by, or public announcement of a Sanctions designation made by, a Sanctions Authority of persons the target or subject of Sanctions (including investment or related restrictions), each as amended, supplemented or substituted from time to time. 

  
 22 

 Section 10.8 Counterparts. This Agreement may be executed in any number of
counterparts, all of which taken together shall constitute one and the same instrument, and either of the parties hereto may execute this Agreement by signing any such counterpart. A facsimile transmission of this Agreement bearing a signature on
behalf of a party hereto shall be legal and binding on such party. 
 Section 10.9 Assignment; Binding Effect. Each
Holder shall not convey, assign or otherwise transfer any of its rights or obligations under this Agreement without the express written consent of the Company, and the Company shall not convey, assign or otherwise transfer any of its rights and
obligations under this Agreement without the express written consent of each Holder. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. 

Section 10.10 Waiver; Remedies. No delay on the part of any Holder or the Company in exercising any right, power or
privilege under this Agreement shall operate as a waiver thereof, nor shall any waiver on the part of any Holder or the Company of any right, power or privilege under this Agreement operate as a waiver of any other right, power or privilege of such
party under this Agreement, nor shall any single or partial exercise of any right, power or privilege under this Agreement preclude any other or further exercise thereof or the exercise of any other right, power or privilege under this Agreement.

 Section 10.11 Specific Performance. The parties hereto agree that irreparable damage would occur if any provision of
this Agreement were not performed in accordance with the terms hereof and that the parties shall be entitled to an injunction or injunctions to prevent breaches of this agreement or to enforce specifically the performance of the terms and provisions
hereof in addition to any other remedy to which they are entitled at law or in equity. 
 Section 10.12 Amendment. This
Agreement may be modified or amended only by written agreement of each of the parties to this Agreement. 
 Section 10.13
Notice. Any notice or communications hereunder shall be in writing and shall be deemed to have been given if delivered in person or by electronic transmission or by registered or certified first-class mail or courier service, to the following
addresses, or such other addresses as may be furnished hereafter by notice in writing, as follows: 
 if to the Company: 

Cobalt International Energy, Inc. 

Cobalt Center 
 920 Memorial City
Way, Suite 100 
 Houston, Texas 77024 

Attention: General Counsel 

Email: jeff.starzec@cobaltintl.com 

  
 23 

 with copies to: 

Kirkland & Ellis LLP 

600 Travis St., Suite 3300 

Houston, Texas 77002 
 Attention:
Matthew R. Pacey 
 Facsimile: (713) 835-3601 

Email: matt.pacey@kirkland.com 

and 
 Davis Polk &
Wardwell LLP 
 450 Lexington Avenue 

New York, N.Y. 10017 
 Attention:
Byron B. Rooney 
 Facsimile: (212) 701-5658 

Email: byron.rooney@davispolk.com 

if to the Holders: 
 As set forth
on each Holder’s signature page hereto. 
 with copies to: 

Weil Gotshal & Manges LLP 

767 Fifth Avenue 
 New York, NY
10153 
 Attention: Matt Barr and Heather L. Emmel 

Facsimile: (212) 310-8007 

Email: matt.barr@weil.com 

            heather.emmel@weil.com 

  
 24 

 IN WITNESS WHEREOF, the parties hereto, intending to be legally bound, have caused this Agreement
to be executed by their respective duly authorized officers, as of the date first above written. 
  

			
	COBALT INTERNATIONAL ENERGY, INC.
		
	By:	 	 /s/ David D. Powell

	Name:	 	David D. Powell
	Title:	 	Chief Financial Officer and Executive Vice President
	
	COBALT INTERNATIONAL ENERGY GP, LLC
		
	By:	 	 /s/ David D. Powell

	Name:	 	David D. Powell
	Title:	 	Authorized Officer
	
	COBALT INTERNATIONAL ENERGY, L.P.
	By:	 	Cobalt International Energy GP, LLC, its general partner
		
	By:	 	 /s/ David D. Powell

	Name: David D. Powell
	Title: Authorized Officer
	
	COBALT GOM LLC
		
	By:	 	 /s/ David D. Powell

	 Name: David D. Powell
 Title:
Authorized Officer

	
	COBALT GOM #1 LLC
		
	By:	 	 /s/ David D. Powell

	 Name: David D. Powell
 Title:
Authorized Officer

	
	COBALT GOM #2 LLC
		
	By:	 	 /s/ David D. Powell

	 Name: David D. Powell

Title: Authorized Officer

 Signature Page to Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	YORK CAPITAL MANAGEMENT GLOBAL ADVISORS, LLC,
		 		 	on behalf of funds and/or accounts managed and/or advised by it and/or its affiliates
				
		 		 	By:	 	 /s/ Richard P. Swanson

		 		 	Name:	 	Richard P. Swanson
		 		 	Title:	 	General Counsel

 Signature Page to Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	ALLIANZ GLOBAL INVESTORS
				
		 		 	By:	 	 /s/ Justin Kass

		 		 	Name:	 	Justin Kass
		 		 	Title:	 	Managing Director

 Signature Page to Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	ARISTEIA CAPITAL, L.L.C.
		 		 	As Investment Manager to Advised Funds
				
		 		 	By:	 	 /s/ William R. Techar

		 		 	Name:	 	William R. Techar
		 		 	Title:	 	Manager
				
		 		 	By:	 	 /s/ Andrew B. David

		 		 	Name:	 	Andrew B. David
		 		 	Title:	 	Chief Operating Officer

 Signature Page to Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	SOUTHPAW CREDIT OPPORTUNITY MASTER FUND LP
		 		 	By: Southpaw GP LLC, its General Partner
				
		 		 	By:	 	 /s/ Kevin Wyman

		 		 	Name:	 	Kevin Wyman
		 		 	Title:	 	Managing Member

 Signature Page to Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	JMB CAPITAL PARTNERS MASTER FUND, L.P.
		 		 	By: Smithwood Partners, LLC, as General Partner
				
		 		 	By:	 	 /s/ Michelle Lynd

		 		 	Name:	 	Michelle Lynd
		 		 	Title:	 	Authorized Signatory

 Signature Page to Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	MONTROSE CREDIT I, LLC
		 		 	         BY: ETON PARK CAPITAL MANAGEMENT,

        L.P., ITS INVESTMENT MANAGER

				
		 		 	By:	 	 /s/ Shailini Rao

		 		 	Name:	 	Shailini Rao
		 		 	Title:	 	Deputy General Counsel

 Signature Page to Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	 MONTROSE CREDIT II, LLC

    BY: ETON PARK CAPITAL MANAGEMENT,

    L.P., ITS INVESTMENT MANAGER

				
		 		 	By:	 	 /s/ Shailini Rao

		 		 	Name:	 	Shailini Rao
		 		 	Title:	 	 Deputy General Counsel

 Signature Page to Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	HOTCHKIS AND WILEY VALUE OPPORTUNITIES FUND
				
		 		 	By:	 	 /s/ Anna Marie Lopez

		 		 	Name:	 	Anna Marie Lopez
		 		 	Title:	 	Chief Operating Officer of Hotchkis and Wiley Capital Management, LLC, as investment advisor for the Hotchkis and Wiley Value Opportunities Fund

 Signature Page to Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	HOTCHKIS AND WILEY HIGH YIELD FUND
				
		 		 	By:	 	 /s/ Anna Marie Lopez

		 		 	Name:	 	Anna Marie Lopez
		 		 	Title:	 	Chief Operating Officer of Hotchkis and Wiley Capital Management, LLC, as investment advisor for the Hotchkis and Wiley Value High Yield Fund

 Signature Page to Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	SAN DIEGO COUNTY EMPLOYEES RETIREMENT ASSOCIATION
				
		 		 	By:	 	 /s/ Anna Marie Lopez

		 		 	Name:	 	Anna Marie Lopez
		 		 	Title:	 	Chief Operating Officer of Hotchkis and Wiley Capital Management, LLC, as investment advisor for the San Diego County Employees Retirement Association

 Signature Page to Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	HOTCHKIS AND WILEY CAPITAL INCOME FUND
				
		 		 	By:	 	 /s/ Anna Marie Lopez

		 		 	Name:	 	Anna Marie Lopez
		 		 	Title:	 	Chief Operating Officer of Hotchkis and Wiley Capital Management, LLC, as investment advisor for the Hotchkis and Wiley Capital Income Fund

 Signature Page to Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	SANTA BARBARA COUNTY EMPLOYEES RETIREMENT SYSTEM
				
		 		 	By:	 	 /s/ Anna Marie Lopez

		 		 	Name:	 	Anna Marie Lopez
		 		 	Title:	 	Chief Operating Officer of Hotchkis and Wiley Capital Management, LLC, as investment advisor for the Santa Barbara County Employees Retirement System

 Signature Page to Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	NATIONAL ELEVATOR INDUSTRY PENSION PLAN
				
		 		 	By:	 	 /s/ Anna Marie Lopez

		 		 	Name:	 	Anna Marie Lopez
		 		 	Title:	 	Chief Operating Officer of Hotchkis and Wiley Capital Management, LLC, as investment advisor for the National Elevator Industry Pension Plan

 Signature Page to Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	TEXAS COUNTY AND DISTRICT RETIREMENT SYSTEM
				
		 		 	By:	 	 /s/ Anna Marie Lopez

		 		 	Name:	 	Anna Marie Lopez
		 		 	Title:	 	Chief Operating Officer of Hotchkis and Wiley Capital Management, LLC, as investment advisor for the Texas County and District Retirement System

 Signature Page to Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	GOVERNMENT OF GUAM RETIREMENT FUND
				
		 		 	By:	 	 /s/ Anna Marie Lopez

		 		 	Name:	 	Anna Marie Lopez
		 		 	Title:	 	Chief Operating Officer of Hotchkis and Wiley Capital Management, LLC, as investment advisor for the Government of Guam Retirement Fund

 Signature Page to Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	UNIVERSITY OF DAYTON
				
		 		 	By:	 	 /s/ Anna Marie Lopez

		 		 	Name:	 	Anna Marie Lopez
		 		 	Title:	 	Chief Operating Officer of Hotchkis and Wiley Capital Management, LLC, as investment advisor for the University of Dayton

 Signature Page to Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	 PIONEER FUNDS — U.S. HIGH YIELD

PIONEER GLOBAL HIGH YIELD FUND

PIONEER HIGH YIELD FUND

VY PIONEER HIGH YIELD PORTFOLIO

PIONEER OBBLIGAZIONARIO GLOBALE HIGH YIELD A

DISTRIBUZIONE

PIONEER FUNDS — GLOBAL HIGH YIELD

PIONEER FUNDS — STRATEGIC INCOME

PIONEER MULTI-ASSET INCOME FUND

PIONEER STRATEGIC INCOME FUND

PIONEER HIGH YIELD VCT PORTFOLIO

			
		 		 	By: Pioneer Investment Management, Inc.,
            as adviser to each Holder above
				
		 		 	By:	 	 /s/ Will Taylor

		 		 	Name:	 	Will Taylor
		 		 	Title:	 	Vice President
			
		 		 	 william.taylor@pioneerinvestments.com

 Signature Page to Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	GRAHAM MACRO STRATEGIC LTD.
				
		 		 	By:	 	 /s/ Paul Sedlack

		 		 	Name:	 	Paul Sedlack
		 		 	Title:	 	Chief Operating Officer

  
 Signature Page to
Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	PINE RIVER BAXTER FUND LTD.
		 		 	 By: Pine River Capital Management LP, its Investment

Manager

				
		 		 	By:	 	 /s/ Nick Nusbaum

		 		 	Name:	 	Nick Nusbaum
		 		 	Title:	 	Chief Financial Officer

  
 Signature Page to
Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	PINE RIVER CONVERTIBLES MASTER FUND LTD.
		 		 	 By: Pine River Capital Management LP, its Investment

Manager

				
		 		 	By:	 	 /s/ Nick Nusbaum

		 		 	Name:	 	Nick Nusbaum
		 		 	Title:	 	Chief Financial Officer

  
 Signature Page to
Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	PINE RIVER MASTER FUND LTD.
		 		 	By: Pine River Capital Management LP, its Investment Manager
				
		 		 	By:	 	 /s/ Nick Nusbaum

		 		 	Name:	 	Nick Nusbaum
		 		 	Title:	 	Chief Financial Officer

  

  
 Signature Page to
Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	BayCity Event Driven Opportunities Master Fund, L.P.
		 		 	BayCity Long-Short Credit Master Fund, LTD.
		 		 	BayCity Credit Opportunities Fund, L.P.,
		 		 	Nuveen Symphony Credit Opportunities Fund
		 		 	Nuveen Symphony Dynamic Credit Fund
		 		 	Nuveen Symphony High Yield Bond Fund
			
		 		 	By: Symphony Asset Management LLC, on behalf of each of the above
				
		 		 	By:	 	 /s/ James Kim

		 		 	Name:	 	James Kim
		 		 	Title: 	 	Co-Head of Credit Research

  
 Signature Page to
Exchange Agreement 

							
		 		 	NAME OF HOLDER:
			
	Date: December 6, 2016	 		 	LONESTAR PARTNERS, LP
		 		 	By: Lonestar Capital Management, LLC, its Investment Adviser
				
		 		 	By:	 	 /s/ Yedi Wong

		 		 	Name:	 	Yedi Wong
		 		 	Title:	 	Chief Financial Officer

  
 Signature Page to
Exchange Agreement 

 Schedule I 

 Schedule 3.6 

The sale of our interests in Blocks 20 and 21 offshore Angola is subject to Angolan government approval, and such sale may be delayed or may not be
consummated. In addition, pursuant to the terms of the purchase and sale agreement governing such sale, we are obligated to transfer our interests in Block 20 and 21 prior to receipt of all consideration for such transfer. 

On August 22, 2015, we executed a purchase and sale agreement (the “Purchase and Sale Agreement”) with Sociedade Nacional de
Combustíveis de Angola—Empresa Pública (“Sonangol”) for the sale to Sonangol of the share capital of certain of our indirect, wholly-owned subsidiaries which hold our working interests in each of Blocks 20 and 21
offshore Angola. The consummation of this sale is subject to approval by the Angolan Ministry of Petroleum pursuant to the Angolan Petroleum Activities Law. If such approval is not received within one year from the execution date of the Purchase and
Sale Agreement, this agreement will automatically terminate and any obligations executed by the parties thereto shall be restituted in order to put such parties in their original positions as if no agreement had been executed. There can be no
assurance that such Angolan government approval will be forthcoming within the required time period. In addition, the closing of the sale of our interests in Blocks 20 and 21 could be delayed or ultimately not consummated for a variety of reasons,
which could have a material adverse effect on our business, financial condition and results of operations. 
 If the closing of the sale of
our interests in Blocks 20 and 21 is not consummated or is delayed indefinitely, we would need to renegotiate our license agreements governing Blocks 20 and 21 with Sonangol to provide for adjusted development schedules and other timelines. There
can be no assurance that we will be able to renegotiate such agreements on favorable terms or at all. Such failure could materially adversely affect the value of such licenses. In addition, the Angolan government passed Presidential Decree
No. 212/15 on December 2, 2015, which established a new Block 20/15 concession area covering our Lontra discovery. Such Presidential Decree ostensibly conflicts with our rights to develop oil from the Lontra discovery under the Block 20
PSC. Accordingly, it is unclear what effect the passage of this Presidential Decree has on our rights to develop Lontra under the Block 20 PSC, although we are working with Sonangol to understand its significance given the pending Angola Transaction
(as defined below). Should the closing of the sale of our interests in Blocks 20 and 21 be delayed or ultimately not consummated, we would need to resolve this potential conflict caused by the Presidential Decree. Any such resolution may not be
favorable to us. As such, failure to consummate the closing of the sale of our interests in Blocks 20 and 21 could have a material adverse effect on our business, results of operations and financial condition, including our ability to service and/or
repay our substantial existing indebtedness.
 Pursuant to the Purchase and Sale Agreement, we are required to provide certain transition
services to Sonangol, which may include continuing to support operations on Blocks 20 and 21 on a no-profit no-loss basis until Sonangol nominates a new operator or operators of such blocks, despite the fact that we may have already transferred the
share capital of our subsidiaries holding our working interests in Blocks 20 and 21 to Sonangol. The duration of this transition period could be lengthy and require us to devote a substantial amount of resources to maintain operations on Blocks 20
and 21, which could have a material adverse effect on our business, financial condition or results of operations, and we may not be indemnified against any losses or liabilities that we may incur during the transition period. Furthermore, there can
be no assurance that Sonangol will be able to nominate a new operator(s) for such blocks in a timely manner, which may delay the timing of required Angolan government approvals and the consummation of the sale of our interests in Blocks 20 and
21.
 The consideration payable by Sonangol for our interests in Blocks 20 and 21 is to be paid in three installments. Should Angolan
government approval for the sale be obtained, and should Sonangol pay the first two installments and reimburse us for our share of the costs attributable to Blocks 20 and 21 from the period from January 1, 2015 through the date upon which we
receive the Angolan government approvals, we are obligated under the terms of the Purchase and Sale Agreement to transfer the share capital of our subsidiaries holding our working interests in Blocks 20 and 21 to Sonangol. The third installment, in
an amount of $200 million, is due within the earlier of 30 days following the execution of a transfer of operations agreement, which will contain terms and conditions governing the transition of operations on each of Block 20 and Block 21
from us to a new operator(s), or one year from the execution of the Purchase and Sale Agreement. This third installment may not become payable until after the consummation of the transfer of our working interests. Should this occur, we would be
subject to the risk that such third installment amount is not paid in full, or at all, or becomes subject to renegotiation. The Purchase and Sale Agreement is governed by the laws of the Republic of Angola and requires any disputes thereunder to be

 
settled by arbitration. There can be no assurance that we would be successful in enforcing our rights under the Purchase and Sale Agreement. Any delays in the receipt, or failure to receive, the
full amount of the consideration set forth in the Purchase and Sale Agreement could have a material adverse effect on our business, results of operations and financial condition, including our ability to service and/or repay our substantial existing
indebtedness. 
 Under the terms of our various license agreements, we are required to drill wells, declare any discoveries and conduct certain
development activities in order to retain exploration and production rights and failure to do so may result in substantial license renewal costs or loss of our interests in these license areas. 

In order to protect our exploration and production rights in our license areas, we must meet various drilling and declaration requirements. In
general, unless we make and declare discoveries within certain time periods specified in our various license agreements and leases, our interests in the undeveloped parts of our license (as is the case in Angola and Gabon) or the whole block (as is
the case in the deepwater U.S. Gulf of Mexico) areas may lapse and we may be subject to significant penalties or be required to make additional payments in order to maintain such licenses. For example, pursuant to the terms of the Risk Services
Agreement with Sonangol for Block 9 offshore Angola, the initial exploration period with respect to Block 9 offshore Angola will terminate on March 1, 2016 and, on such date we will lose our license on Block 9. Pursuant to the
Risk Services Agreement with Sonangol for Block 21 offshore Angola and Executive Decree No. 259/15, the initial exploration period on Block 21 expires on March 1, 2017. Under the Production Sharing Contract governing Block 20 offshore
Angola (the “Block 20 PSC”), in order to preserve our rights in the block, we will be required to drill four exploration wells within five years of the signing of the Block 20 PSC, or January 1, 2017, subject to certain
extensions. If the Angola Transaction is not ultimately consummated and we are unable to favorably renegotiate such license terms, we may be unable to meet such deadlines and may lose our exploration rights on Blocks 20 and 21.

Furthermore, as required by our license agreements in Angola, within thirty days following a successful exploration well, we are required to
submit a declaration of commercial well to Sonangol. Within two years after the date of the declaration of commercial well, we must submit to Sonangol a formal declaration of commercial discovery. Within three months from the declaration of
commercial discovery, we are required to submit a development plan to Sonangol and the Angola Ministry of Petroleum for review and approval. Within forty-two months after the formal declaration of commercial discovery, we are required to commence
first production from such discovery. Our failure or inability to meet these deadlines could jeopardize our production rights or result in forfeiture of our production rights with respect to these projects, which would have a material adverse effect
on our results of operations and financial condition, as well as on the market price of our common stock. 
 If the Angola Transaction is
ultimately not consummated, certain drilling and declaration requirements will be very difficult to achieve with respect to our Cameia, Orca and Lontra discoveries and may require the need to renegotiate our various license agreements governing
Blocks 20 and 21 offshore Angola with Sonangol. The deadline to file a declaration of commercial discovery with respect to our Lontra discovery was December 20, 2015. Given the pending Angola Transaction, we did not meet that deadline, although
we requested an extension of this deadline from Sonangol and such extension was denied. Furthermore, Presidential Decree No. 212/15 was passed on December 2, 2015 which established a new Block 20/15 concession area covering our Lontra
discovery. It is unclear what effect the passage of this Presidential Decree has on our rights under the Block 20 PSC with respect to our Lontra discovery. If the Angola Transaction is not ultimately consummated, Presidential Decree Laws may
need to be passed in Angola, along with the renegotiation of our Block 20 PSC, in order to preserve our development rights with respect to Lontra. In light of (i) the apparent conflict between Presidential Decree No. 212/15 and our rights
under the Block 20 PSC and (ii) the denial of our request for an extension of the declaration of commercial discovery deadline with respect to Lontra, we have elected to impair the value of our Lontra discovery included within current assets
held for sale, as reflected in our consolidated financial statements as of December 31, 2015. 
 In addition, most of our
deepwater U.S. Gulf of Mexico blocks have a 10-year primary term, expiring between 2016 and 2025. Generally, we are required to commence exploration activities or successfully exploit our properties during the primary lease term in order for
these leases to extend beyond the primary lease term. A portion of the leases covering our Shenandoah and Anchor discoveries are beyond their primary term, and the operator must conduct continuous operations or obtain a Suspension of Production in
order to maintain such leases. The primary terms of certain leases covering our North Platte project are scheduled to expire in October 2016. If we fail to conduct continuous operations at North Platte following such date or we fail to obtain a
Suspension of Production, such leases mayterminate. In addition, certain of our targeted exploration prospects, including our Goodfellow prospect, have leases that expire within the next year and even if we were to commence exploration activities
prior 

 
to lease expiration, we could be required to conduct continuous operations on those prospects if the initial exploration were to be successful. This requirement to conduct continuous
drilling operations may cause us to relinquish such leases despite the fact that an exploration well on such leases was successful. Accordingly, we and our partners may not be able to drill all of the prospects identified on our leases or
licenses prior to the expiration of their respective terms and we can make no assurances that we, or the operator of the discoveries in which we hold a non-operated interest, will be able to successfully perpetuate leases through continuous
operations or obtaining a Suspension of Production. Should the prospects we have identified under the licenses or leases currently in place yield discoveries, we cannot assure you that we will not face delays in drilling these prospects or otherwise
have to relinquish these prospects. The costs to maintain licenses over such areas may fluctuate and may increase significantly since the original term, and we may not be able to renew or extend such licenses on commercially reasonable terms or
at all. Our actual drilling activities may therefore materially differ from our current expectations, which could adversely affect our business. For each of our blocks and license areas, we cannot assure you that any renewals or extensions will be
granted or whether any new agreements or leases will be available on commercially reasonable terms, or, in some cases, at all. 
 We may be required
to pay a material cash sum to Whitton Petroleum Services Limited (“Whitton”) in connection with the closing of the sale of our interests in Blocks 20 and 21 offshore Angola. 

On February 13, 2009, we entered into a restated overriding royalty agreement (the “Royalty Agreement”) with Whitton. Pursuant
to the terms of the Royalty Agreement, in consideration for Whitton’s consulting services in connection with Blocks 9, 20 and 21 offshore Angola and our business and operations in Angola, Whitton is to receive quarterly payments (measured in
U.S. Dollars) equal to 2.5% of the market price of our share of the crude oil produced in such quarter and not used in petroleum operations, less the cost recovery crude oil, assuming the applicable government contract is a production sharing
agreement. If the applicable government contract is a risk services agreement and not a production sharing agreement (which is the case with respect to Blocks 9 and 21), pursuant to the Royalty Agreement, we have undertaken to agree with Whitton an
economic model (the “RSA Economic Model”) containing terms equivalent to those in such risk services agreement and using actual production and costs. The RSA Economic Model has not yet been agreed with Whitton. If we assign all of our
interests in such Blocks, Whitton may, depending on the option we elect, have the right to receive the market value of its rights and obligations under the Royalty Agreement, based upon the amount in cash a willing transferee of such rights and
obligations would pay a willing transferor in an arm’s length transaction. Given potential issues regarding how such market value of Whitton’s rights and obligations under the Royalty Agreement could be calculated, including, without
limitation, outstanding issues related to the RSA Economic Model, the amount of any such payment that could be owed to Whitton upon consummation of the sale of our interests in Blocks 20 and 21 offshore Angola is uncertain, but may be significant.
Resolution of any such payment may include an expert determination of such cash value payment. We can make no assurance that any results from an expert determination process will be favorable to us. If we are ultimately required to pay a significant
sum under the Royalty Agreement, our business and financial condition could be adversely affected. 
 If the Angola Transaction does
not close or we are unable to sell our Angola assets on acceptable terms to another third party, our liquidity will be materially adversely impacted. 

In August 2015, we executed the Purchase and Sale Agreement with Sonangol for the sale of our working interests in Blocks 20 and 21
offshore Angola (the “Angola Transaction”). On July 26, 2016, our Chief Executive Officer met with Sonangol’s Chairwoman of the Board of Directors Isabel dos Santos and members of her executive team in Luanda, Angola to discuss
the status of the Angolan Transaction. At this meeting, it was jointly agreed with Sonangol that we would market our working interests in Blocks 20 and 21 for sale by us to a third party other than Sonangol. On August 1, 2016, we
received a letter from Chairwoman Isabel dos Santos confirming Sonangol’s support of such marketing and sale process. We therefore believe that it is unlikely that the Angola Transaction will close pursuant to the terms of the Purchase and
Sale Agreement and believe that it is likely that the Purchase and Sale Agreement will automatically terminate on August 22, 2016. In such a case, the Purchase and Sale Agreement provides that the parties are to be restituted in order to put
them in their original positions as if no agreement had been executed. We plan to work with Sonangol to understand and agree on the financial and operational implications of this provision, including with respect to development schedules and other
timelines. There can be no assurance that we will be able to do so and such failure could materially adversely affect the value of our licenses and our ability to sell them. The inability to close the Angola Transaction or sell our Angola
assets to another third party on acceptable terms, or at all, or the repayment of the initial payment of $250 million to Sonangol, would each have a material adverse impact on our liquidity position. 

 As previously disclosed, on February 13, 2009, the Company entered into a restated
overriding royalty agreement (the “Royalty Agreement”) with Whitton Petroleum Services Limited (“Whitton”). Pursuant to the terms of the Royalty Agreement, in consideration for Whitton’s consulting services in connection
with Blocks 9, 20 and 21 offshore Angola and the Company’s business and operations in Angola, Whitton is to receive quarterly payments (measured in U.S. Dollars) equal to 2.5% of the market price of the Company’s share of the crude oil
produced in such quarter and not used in petroleum operations, less the cost recovery crude oil, assuming the applicable government contract is a production sharing agreement. If the applicable government contract is a risk services agreement and
not a production sharing agreement (which is the case with respect to Blocks 9 and 21), pursuant to the Royalty Agreement, the Company and Whitton will likely need to agree upon an economic model containing terms equivalent to those in such risk
services agreement and using actual production and costs. Should the Company assign all of its interest in such Blocks to a third party, Whitton may, depending on the option the Company elects, have the right to receive the market value of its
rights and obligations under the Royalty Agreement, based upon the amount in cash a willing transferee of such rights and obligations would pay a willing transferor in an arm’s length transaction. Given potential issues regarding how such
market value of Whitton’s rights and obligations under the Royalty Agreement could be calculated, the amount of any such payment that could be owed to Whitton upon consummation of any sale of the Company’s working interests in Block 20 and
21 is uncertain, but may be significant. 
 In July 2016, the Bureau of Ocean Energy Management (“BOEM”) announced updated
financial assurance and risk management requirements of offshore leases, which may increase our cost of operations or have a material adverse effect on our liquidity and impair our ability to operate in the U.S. Gulf of Mexico. 

On July 14, 2016, the BOEM announced updated financial assurance and risk management requirements for offshore leases. The Notice to
Lessees No. 2016-N01 (“NTL”) details procedures to determine a lessee’s ability to carry out its lease obligations – primarily the decommissioning of Outer Continental Shelf (OCS) facilities – and whether to require
lessees to furnish additional financial assurance. The NTL provides updated criteria for determining a lessee’s ability to self-insure its OCS liabilities based upon the lessee’s financial capacity and financial strength. It also
provides new methods and additional flexibility for lessees to meet their additional financial security requirements through a tailored plan. The BOEM has stated that it will focus first on those properties for which there is only one
leaseholder responsible for decommissioning. Those leaseholders will have 60 days from the date of an order requiring additional financial security to comply. For all other holdings, leaseholders will have 120 days from the date they
receive an order to provide additional security, if required. Alternatively, lessees can provide a tailored financial plan to BOEM, which will permit the use of forms of financial security other than surety bonds and pledges of treasury
securities and allow companies to phase in funding of the additional security. We are continuing to review the NTL and guidance provided by the BOEM to assess its impact on our operations in the U.S. Gulf of Mexico, although it is possible we
may receive an order from BOEM in the future to post additional financial security, which may not be available on acceptable terms, or at all. The NTL and any BOEM order to post additional financial security may increase our cost of operations
or have a material adverse effect on our liquidity and impair our ability to operate in the U.S. Gulf of Mexico. 
 Update regarding
Blocks 21 and 21 offshore Angola. 
 As previously disclosed, as a result of terminating the Purchase and Sale Agreement for the
Company’s interests in Blocks 20 and 21 offshore Angola, the Company has requested that Sonangol extend certain deadlines for exploration and development milestones under the Company’s license agreements governing Blocks 20 and 21, and
these discussions are still ongoing. As a result, the process for the sale of Cobalt’s Angolan assets will continue into 2017. There can be no assurance that such extensions will be forthcoming, on favorable terms or at all. The failure to
receive such extensions would materially adversely affect the value of these license agreements. The Company reserves its rights to vigorously enforce the provisions of its license agreements and the Purchase and Sale Agreement, should Sonangol not
grant the extensions. 

 Schedule 3.27 

We may be exposed to liabilities under the U.S. Foreign Corrupt Practices Act, and any determination that we violated the U.S. Foreign Corrupt Practices
Act could have a material adverse effect on our business. 
 We are subject to the U.S. Foreign Corrupt Practices Act
(“FCPA”) and other laws that prohibit improper payments or offers of payments to foreign governments and their officials and political parties for the purpose of obtaining or retaining business. We do business and may do additional
business in the future in countries and regions in which we may face, directly or indirectly, corrupt demands by officials, tribal or insurgent organizations, or private entities. Thus, we face the risk of unauthorized payments or offers of payments
by one of our employees or consultants, given that these parties may not always be subject to our control. Our existing safeguards and any future improvements may prove to be less than effective, and our employees and consultants may engage in
conduct for which we might be held responsible. 
 In connection with entering into our RSAs for Blocks 9 and 21 offshore Angola, two
Angolan-based E&P companies were assigned as part of the contractor group by the Angolan government. We had not worked with either of these companies in the past, and, therefore, our familiarity with these companies was limited. In the fall of
2010, we were made aware of allegations of a connection between senior Angolan government officials and one of these companies, Nazaki Oil and Gáz, S.A., which was a full paying member of the contractor group but is no longer a member of
such group. In March 2011, the SEC commenced an informal inquiry into these allegations. To avoid non-overlapping information requests, we voluntarily contacted the U.S. Department of Justice (“DOJ”) with respect to the SEC’s informal
request and offered to respond to any requests the DOJ may have. Since such time, we have complied with all requests from the SEC and DOJ with respect to their inquiry. In November 2011, a formal order of investigation was issued by the SEC related
to our operations in Angola. In August 2014, we received a Wells Notice from the SEC related to this investigation. In January 2015, we received a termination letter from the SEC advising us that the SEC’s FCPA investigation has
concluded and the Staff does not intend to recommend any enforcement action by the SEC. This letter formally concluded the SEC’s investigation. We continue to cooperate with the DOJ with regard to its ongoing parallel investigation. We have
conducted an extensive investigation into these allegations and believe that our activities in Angola have complied with all laws, including the FCPA. We are unable to predict the outcome of the DOJ’s ongoing investigation or any action that
the DOJ may decide to pursue, or otherwise provide any assurance regarding the duration, scope, developments in, results of or consequences of its investigation. 

In the future, we may be partnered with other companies with whom we are unfamiliar. Violations of the FCPA may result in severe criminal or
civil sanctions, and we may be subject to other liabilities, which could negatively affect our business, operating results and financial condition. In addition, the government may seek to hold us liable for successor liability FCPA violations
committed by companies in which we invest or that we acquire. 
 Legal Proceedings 

On November 30, 2014, two purported stockholders, St. Lucie County Fire District Firefighters’ Pension Trust Fund and Fire and
Police Retiree Health Care Fund, San Antonio, filed a class action lawsuit in the U.S. District Court for the Southern District of Texas on behalf of a putative class of all purchasers of our securities from February 21, 2012 through
November 4, 2014 (the “St. Lucie lawsuit”). The St. Lucie lawsuit, filed against us and certain officers, former and current members of the Board of Directors, underwriters, and investment firms and funds, asserted
violations of federal securities laws based on alleged misrepresentations and omissions in SEC filings and other public disclosures, primarily regarding compliance with the FCPA in our Angolan operations and the performance of certain wells
offshore Angola. On December 4, 2014, Steven Neuman, a purported stockholder, filed a substantially similar lawsuit against us and certain of our officers in the U.S. District Court for the Southern District of Texas on behalf of a putative
class of all purchasers of our securities from February 21, 2012 through August 4, 2014 (the “Neuman lawsuit”). Like the St. Lucie lawsuit, the Neuman lawsuit asserted violations of federal securities laws based on alleged
misrepresentations and omissions in SEC filings and other public disclosures regarding our compliance with the FCPA in our Angolan operations. On March 3, 2015, the Court entered an order consolidating the Neuman lawsuit with the St. Lucie
lawsuit. The consolidated matter is captioned In re Cobalt International Energy, Inc. Securities Litigation (the “Consolidated Action”). The same day, the Court also entered an order in the Consolidated Action appointing Lead Plaintiffs
and Lead Counsel. Lead Plaintiffs filed their consolidated amended complaint on May 1, 2015. Among other remedies, the Consolidated Action seeks 

 
damages in an unspecified amount, along with an award of attorney fees and other costs and expenses to the plaintiffs. We filed a motion to dismiss the consolidated amended complaint on
June 30, 2015, and the other defendants also filed motions to dismiss. On January 19, 2016, the Court denied our motion to dismiss. On February 3, 2016, we filed a motion requesting that the Court certify its order on the motions to
dismiss so that we may seek interlocutory appellate review of the order; the other defendants also filed motions requesting certification. The matter remains ongoing. 

On January 16, 2015, Edward Ogden, a purported stockholder, filed a derivative action in the U.S. District Court for the Southern
District of Texas against us, as a nominal defendant, and certain of our officers and former and current directors. The plaintiff filed an amended complaint on April 23, 2015. The lawsuit alleges that the individual defendants breached their
fiduciary duties and violated federal securities laws based on alleged misrepresentations and omissions in SEC filings and other public disclosures, including in relation to compliance with the FCPA in our Angolan operations and regarding the
performance of certain wells offshore Angola. The lawsuit further alleges that certain officers received performance-based compensation in excess of what they were entitled and that certain officers and directors engaged in unlawful trading. The
lawsuit also alleges that the plaintiff was excused from making a demand upon our board to bring the claims on the basis of futility. The plaintiff asserts claims for breach of fiduciary duty, unjust enrichment, and corporate waste. The plaintiff
seeks damages in an unspecified amount, disgorgement of profits, appropriate equitable relief, and an award of attorney fees and other costs and expenses. We filed a motion to dismiss the amended complaint on June 22, 2015 for failure to make
demand upon our board and to adequately plead standing. The Court granted our motion on November 25, 2015, dismissing the case without prejudice but granting the plaintiff leave to amend his complaint. The plaintiff’s deadline to file
an amended complaint was January 8, 2016. The plaintiff did not file an amended complaint by the Court’s deadline. On February 2, 2016, the Court entered an order dismissing the lawsuit. 

 Exhibit A 

Form of First Lien Notes Indenture 

 Exhibit B 

Form of First Lien Collateral Documents 

 Exhibit C 

Form of Second Lien Notes Indenture 

 Exhibit D 

Form of Second Lien Collateral Documents 

 Exhibit E 

Form of Intercreditor Agreement 

 Exhibit F 

List of Guarantors 
  

	1.	Cobalt International Energy GP, LLC 

  

	2.	Cobalt International Energy, L.P. 

  

	3.	Cobalt GOM LLC 

  

	4.	Cobalt GOM #1 LLC 

  

	5.	Cobalt GOM #2 LLC 

 Exhibit G 

Form of Legal Opinion 

 Exhibit H 

Form of Cayman Legal Opinion 

 Exhibit I 

Form of Press Release 

 Exhibit J 

Form of Liskow & Lewis Legal Opinion 

 Exhibit K 

Form of Baker Botts Legal Opinion 

 Annex I 

Additional Closing Deliverables of the Company 

(a) a certificate of the Company and each Guarantor dated as of the Closing Date and executed by an officer of such obligor, which shall (A) certify that
attached thereto is a true and complete copy of the resolutions, written consents or extracts of minutes of a meeting, as applicable, of the its board of directors, board of managers, shareholders, members or other governing body (as the case may be
and in each case, to the extent required) authorizing the execution, delivery and performance of the Transaction Documents to which it is a party, (B) identify by name and title and bear the signatures of the officers or authorized signatories
of such obligor that is authorized to sign the Transaction Documents to which it is a party on the Closing Date, as applicable and (C) certify (I) that attached thereto is a true and complete copy of the certificate or articles of
incorporation or organization (or memorandum of association, articles of association or other equivalent thereof) of such obligor on the Closing Date (in the case of any U.S. obligor, certified by the relevant authority of the jurisdiction of
organization of such obligor) and a true and correct copy of its by-laws or operating, management, partnership or similar agreement (to the extent applicable) and (II) that such documents or agreements have not been amended (except as otherwise
attached to such certificate and certified therein as being the only amendments thereto as of such date); 
 (b) a good standing certificate (or other
equivalent) for the Company and each Guarantor dated as of a recent date for the Company and each such Guarantor from its jurisdiction of organization; 

(c) certificates of insurance listing each of the First Lien Collateral Agent and Second Lien Collateral Agent as (x) lender loss payee for the property
casualty insurance policies of the Company and its U.S. subsidiaries, together with long-form lender loss payable endorsements, as appropriate and (y) additional insured with respect to the liability insurance of the Company and its U.S.
subsidiaries, together with additional insured endorsements; 
 (d) a completed Perfection Certificate (as defined in the First Lien Collateral Documents
and the Second Lien Collateral Documents) with respect to the Company and its U.S. subsidiaries and signed by an officer of the Company and each of its U.S. subsidiaries, together with attachments contemplated thereby; 

(e) each document required by any First Lien Collateral Document or Second Lien Collateral Document to be filed, registered or recorded in order to create a
perfected Lien on the Collateral (as defined in the First Lien Notes Indenture and the Second Lien Notes Indenture), including, without limitation, Uniform Commercial Code financing statements, intellectual property security agreements and real
property mortgages, in favor of the First Lien Collateral Agent or Second Lien Collateral Agent, as applicable, for the benefit of the Holders in proper form for filing, registration or recordation; 

(f) legal opinion of Appleby, Cayman Islands counsel for the Company, in the form of Exhibit H hereto; 

 (g) the share certificates and undated stock powers that are required to be delivered pursuant to the First Lien
Collateral Documents and Second Lien Collateral Documents; 
 (h) UCC, mortgage, tax, bankruptcy and judgment lien search results in respect of the Company
and its U.S. subsidiaries in their jurisdictions of organization or formation, as applicable, and any other jurisdictions reasonably requested by the First Lien Collateral Agent, and a copy of the register of mortgages and charges for Cobalt
International Energy Overseas Ltd., in each case reflecting no Liens (other than Permitted Liens and those being released on or prior to the Closing Date) encumbering the properties of the Company and its U.S. subsidiaries; 

(i) legal opinion of Liskow & Lewis, as Louisiana counsel for the Company, , in the form of Exhibit J hereto; and 

(j) legal opinion of Baker Botts L.L.P., as New York special counsel for the Company, in the form of Exhibit K hereto. 

 Annex II 

Schedule of LeasesEX-10.2

 Exhibit 10.2 

Execution Version 
  

 
  

SENIOR SECURED NOTES INDENTURE 

Dated as of December 6, 2016 

Among 
 COBALT INTERNATIONAL
ENERGY, INC. 
 THE SUBSIDIARY GUARANTORS LISTED ON THE SIGNATURE PAGES 

HERETO 
 and 

WILMINGTON TRUST, NATIONAL ASSOCIATION, 

as Trustee and Collateral Agent 

10.750% FIRST-LIEN SENIOR SECURED NOTES DUE 2021 
  

 
  

 TABLE OF CONTENTS 

 
  

 

							
	 	 	 	  	PAGE	 
	
	ARTICLE 1	  
	DEFINITIONS AND INCORPORATION BY REFERENCE	  
			
	 Section 1.01.
	 	 Definitions
	  	 	1	  
	 Section 1.02.
	 	 Other Definitions
	  	 	30	  
	 Section 1.03.
	 	 Rules of Construction
	  	 	31	  
	 Section 1.04.
	 	 [Reserved]
	  	 	32	  
	 Section 1.05.
	 	 Acts of Holders
	  	 	32	  
	
	ARTICLE 2	  
	THE NOTES	  
			
	 Section 2.01.
	 	 Form and Dating; Terms
	  	 	35	  
	 Section 2.02.
	 	 Execution and Authentication
	  	 	35	  
	 Section 2.03.
	 	 Registrar and Paying Agent
	  	 	36	  
	 Section 2.04.
	 	 Paying Agent to Hold Money in Trust
	  	 	36	  
	 Section 2.05.
	 	 Holder Lists
	  	 	37	  
	 Section 2.06.
	 	 Transfer and Exchange
	  	 	37	  
	 Section 2.07.
	 	 Replacement Notes
	  	 	39	  
	 Section 2.08.
	 	 Outstanding Notes
	  	 	39	  
	 Section 2.09.
	 	 Treasury Notes
	  	 	40	  
	 Section 2.10.
	 	 Temporary Notes
	  	 	40	  
	 Section 2.11.
	 	 Cancellation
	  	 	40	  
	 Section 2.12.
	 	 Defaulted Interest
	  	 	40	  
	 Section 2.13.
	 	 CUSIP and ISIN Numbers
	  	 	41	  
	
	ARTICLE 3	  
	REDEMPTION AND REPURCHASE	  
			
	 Section 3.01.
	 	 Notices to Trustee
	  	 	41	  
	 Section 3.02.
	 	 Selection of Notes to Be Redeemed or Purchased
	  	 	41	  
	 Section 3.03.
	 	 Notice of Redemption
	  	 	42	  
	 Section 3.04.
	 	 Effect of Notice of Redemption
	  	 	43	  
	 Section 3.05.
	 	 Deposit of Redemption or Purchase Price
	  	 	44	  
	 Section 3.06.
	 	 Notes Redeemed or Purchased in Part
	  	 	44	  
	 Section 3.07.
	 	 Optional Redemption
	  	 	44	  
	 Section 3.08.
	 	 Mandatory Redemption; Open Market Purchases
	  	 	45	  
	 Section 3.09.
	 	 Offers to Repurchase by Application of Net Cash Proceeds
	  	 	46	  
	
	ARTICLE 4	  
	COVENANTS	  
			
	 Section 4.01.
	 	 Payment of Notes
	  	 	50	  
	 Section 4.02.
	 	 Maintenance of Office or Agency
	  	 	50	  

  
 i 

							
	 Section 4.03.
	 	 Taxes
	  	 	50	  
	 Section 4.04.
	 	 Stay, Extension and Usury Laws
	  	 	51	  
	 Section 4.05.
	 	 Corporate Existence
	  	 	51	  
	 Section 4.06.
	 	 Reporting Requirements
	  	 	51	  
	 Section 4.07.
	 	 Compliance Certificate
	  	 	52	  
	 Section 4.08.
	 	 Limitation on Restricted Payments
	  	 	53	  
	 Section 4.09.
	 	 Limitation on Debt and Disqualified Stock
	  	 	56	  
	 Section 4.10.
	 	 Limitation on Liens
	  	 	59	  
	 Section 4.11.
	 	 Additional Guarantors
	  	 	64	  
	 Section 4.12.
	 	 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries
	  	 	65	  
	 Section 4.13.
	 	 Limitation on Designation of Unrestricted Subsidiaries
	  	 	67	  
	 Section 4.14.
	 	 Limitation on Transactions with Affiliates
	  	 	68	  
	 Section 4.15.
	 	 Offer to Repurchase Upon Change of Control
	  	 	70	  
	 Section 4.16.
	 	 Limitation on Asset Sales
	  	 	73	  
	 Section 4.17.
	 	 After-Acquired Property
	  	 	75	  
	 Section 4.18.
	 	 Permitted Line of Business
	  	 	75	  
	 Section 4.19.
	 	 Payments for Consent
	  	 	76	  
	 Section 4.20.
	 	 Minimum Liquidity
	  	 	76	  
	 Section 4.21.
	 	 Insurance
	  	 	76	  
	 Section 4.22.
	 	 Conditions Subsequent
	  	 	76	  
	
	ARTICLE 5	  
	SUCCESSORS	  
			
	 Section 5.01.
	 	 Consolidation, Merger, Amalgamation or Sale of All or Substantially All Assets
	  	 	76	  
	 Section 5.02.
	 	 Successor Entity Substituted
	  	 	79	  
	
	ARTICLE 6	  
	DEFAULTS AND REMEDIES	  
			
	 Section 6.01.
	 	 Events of Default
	  	 	79	  
	 Section 6.02.
	 	 Acceleration
	  	 	82	  
	 Section 6.03.
	 	 Other Remedies
	  	 	84	  
	 Section 6.04.
	 	 Waiver of Past Defaults
	  	 	84	  
	 Section 6.05.
	 	 Control by Majority
	  	 	84	  
	 Section 6.06.
	 	 Limitation on Suits
	  	 	85	  
	 Section 6.07.
	 	 Rights of Holders to Receive Payment
	  	 	85	  
	 Section 6.08.
	 	 Collection Suit by Trustee
	  	 	85	  
	 Section 6.09.
	 	 Restoration of Rights and Remedies
	  	 	86	  
	 Section 6.10.
	 	 Rights and Remedies Cumulative
	  	 	86	  
	 Section 6.11.
	 	 Delay or Omission Not Waiver
	  	 	86	  
	 Section 6.12.
	 	 Trustee May File Proofs of Claim
	  	 	86	  
	 Section 6.13.
	 	 Priorities
	  	 	87	  
	 Section 6.14.
	 	 Undertaking for Costs
	  	 	87	  

  
 ii 

							
	ARTICLE 7	  
	TRUSTEE	  
			
	 Section 7.01.
	 	 Duties of Trustee
	  	 	88	  
	 Section 7.02.
	 	 Rights of Trustee
	  	 	89	  
	 Section 7.03.
	 	 Individual Rights of Trustee
	  	 	92	  
	 Section 7.04.
	 	 Trustee’s Disclaimer
	  	 	92	  
	 Section 7.05.
	 	 Notice of Defaults
	  	 	93	  
	 Section 7.06.
	 	 [Reserved]
	  	 	93	  
	 Section 7.07.
	 	 Compensation and Indemnity
	  	 	93	  
	 Section 7.08.
	 	 Replacement of Trustee
	  	 	94	  
	 Section 7.09.
	 	 Successor Trustee by Merger, etc.
	  	 	95	  
	 Section 7.10.
	 	 Eligibility; Disqualification
	  	 	95	  
	
	ARTICLE 8	  
	LEGAL DEFEASANCE AND COVENANT DEFEASANCE	  
			
	 Section 8.01.
	 	 Option to Effect Legal Defeasance or Covenant Defeasance
	  	 	95	  
	 Section 8.02.
	 	 Legal Defeasance and Discharge
	  	 	95	  
	 Section 8.03.
	 	 Covenant Defeasance
	  	 	96	  
	 Section 8.04.
	 	 Conditions to Legal or Covenant Defeasance
	  	 	97	  
	 Section 8.05.
	 	 Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous
Provisions
	  	 	98	  
	 Section 8.06.
	 	 Repayment to the Company
	  	 	99	  
	 Section 8.07.
	 	 Reinstatement
	  	 	99	  
	
	ARTICLE 9	  
	AMENDMENT, SUPPLEMENT AND WAIVER	  
			
	 Section 9.01.
	 	 Without Consent of Holders
	  	 	100	  
	 Section 9.02.
	 	 With Consent of Holders
	  	 	101	  
	 Section 9.03.
	 	 Compliance with Trust Indenture Act
	  	 	103	  
	 Section 9.04.
	 	 Revocation and Effect of Consents
	  	 	103	  
	 Section 9.05.
	 	 Notation on or Exchange of Notes
	  	 	103	  
	 Section 9.06.
	 	 Trustee to Sign Amendments, etc.
	  	 	104	  
	
	ARTICLE 10	  
	GUARANTEES	  
			
	 Section 10.01.
	 	 Note Guarantee
	  	 	104	  
	 Section 10.02.
	 	 Limitation on Guarantor Liability
	  	 	106	  
	 Section 10.03.
	 	 Execution and Delivery
	  	 	106	  
	 Section 10.04.
	 	 Subrogation
	  	 	107	  
	 Section 10.05.
	 	 Benefits Acknowledged
	  	 	107	  
	 Section 10.06.
	 	 Release of Note Guarantees
	  	 	107	  

  
 iii 

							
	ARTICLE 11	  
	COLLATERAL	  
			
	 Section 11.01.
	 	 Security Interest
	  	 	108	  
	 Section 11.02.
	 	 Security Documents
	  	 	109	  
	 Section 11.03.
	 	 Release of Collateral
	  	 	110	  
	 Section 11.04.
	 	 Collateral Agent; Intercreditor Agreement
	  	 	111	  
	
	ARTICLE 12	  
	SATISFACTION AND DISCHARGE	  
			
	 Section 12.01.
	 	 Satisfaction and Discharge
	  	 	113	  
	 Section 12.02.
	 	 Application of Trust Money
	  	 	114	  
	
	ARTICLE 13	  
	MISCELLANEOUS	  
			
	 Section 13.01.
	 	 [Reserved]
	  	 	115	  
	 Section 13.02.
	 	 Notices
	  	 	115	  
	 Section 13.03.
	 	 Communication by Holders with Other Holders
	  	 	117	  
	 Section 13.04.
	 	 Certificate and Opinion as to Conditions Precedent
	  	 	117	  
	 Section 13.05.
	 	 Statements Required in Certificate or Opinion
	  	 	117	  
	 Section 13.06.
	 	 Currency Indemnity
	  	 	118	  
	 Section 13.07.
	 	 Consent to Jurisdiction and Service; Waiver of Immunities
	  	 	118	  
	 Section 13.08.
	 	 Rules by Trustee and Agents
	  	 	119	  
	 Section 13.09.
	 	 No Personal Liability of Directors, Officers, Employees, Members, Partners and
Stockholders
	  	 	119	  
	 Section 13.10.
	 	 Governing Law
	  	 	119	  
	 Section 13.11.
	 	 Waiver of Jury Trial
	  	 	119	  
	 Section 13.12.
	 	 Force Majeure
	  	 	119	  
	 Section 13.13.
	 	 No Adverse Interpretation of Other Agreements
	  	 	120	  
	 Section 13.14.
	 	 Successors
	  	 	120	  
	 Section 13.15.
	 	 Severability
	  	 	120	  
	 Section 13.16.
	 	 Counterpart Originals
	  	 	120	  
	 Section 13.17.
	 	 Table of Contents, Headings, etc.
	  	 	120	  
	 Section 13.18.
	 	 Facsimile and PDF Delivery of Signature Pages
	  	 	120	  
	 Section 13.19.
	 	 U.S.A. PATRIOT Act
	  	 	120	  
	 Section 13.20.
	 	 Payments Due on Non-Business Days
	  	 	121	  
	 Section 13.21.
	 	 Accounting Provisions
	  	 	121	  

  

					
	APPENDIX A	  	–	  	Provisions Relating to the Notes
			
	EXHIBIT A	  	–	  	Form of Note
			
	EXHIBIT B	  	–	  	Form of Institutional Accredited Investor Transferee Letter of Representation

  
 iv 

					
	 EXHIBIT C
	  	 –
	  	 Form of Supplemental Indenture to Be Delivered by Subsequent Guarantors

			
	 SCHEDULE 4.22
	  	 –
	  	 Conditions Subsequent

  
 v 

 INDENTURE, dated as of December 6, 2016, among Cobalt International Energy, Inc., a Delaware
corporation (the “Company”), the Guarantors listed on the signature pages hereto, and Wilmington Trust, National Association, as Trustee, Collateral Agent, Paying Agent, Registrar and Transfer Agent. 

W I T N E S S E T H 
 WHEREAS,
the Company has duly authorized the creation of and issue of $500,000,000 aggregate principal amount of 10.750% First-Lien Senior Secured Notes due 2021 (the “Notes”); and 

WHEREAS, the Company and the Guarantors have duly authorized the execution and delivery of this Indenture; 

NOW, THEREFORE, the Company, the Guarantors, the Trustee and Collateral Agent agree as follows for the benefit of each other and for the equal
and ratable benefit of the Holders of the Notes. 
 ARTICLE 1 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01. Definitions. 

“2019 Notes” means the Company’s series of Senior Debt known as the 2.625% Convertible Senior Notes due 2019, issued on
December 17, 2012. 
 “2024 Notes” means the Company’s series of Senior Debt known as the 3.125% Convertible Senior
Notes due 2024, issued on May 13, 2014. 
 “Accounting Change” means any change in U.S. GAAP. 

“Acquired Debt” means (i) Debt of a Person existing at the time the Person merges with or into or becomes a Restricted
Subsidiary and not Incurred in connection with, or in contemplation of, the Person merging or amalgamating with or into or becoming a Restricted Subsidiary and (ii) Debt secured by a Lien encumbering any asset acquired by such specified Person. 

“Additional Assets” means (i) any property or assets (including Capital Stock or its substantial equivalent or other
Investments) that are used or usable by the Company or any of its Restricted Subsidiaries; and (ii) contracts that are used or usable by the Company or any of its Restricted Subsidiaries in a Permitted Business. 

“Affiliate” means, with respect to any specified Person, (a) any other Person which, directly or indirectly, is in control
of, is controlled by or is under common control with such specified person or (b) any other Person who is a director or officer (i) of such specified Person, (ii) of any subsidiary of such specified Person or (iii) of any Person described in clause
(a) above. For purposes of this definition, control of a Person means the power, direct or indirect, to direct or cause the direction of the management and policies of such Person whether by contract or otherwise and the terms
“controlling” and “controlled” have meanings correlative to the foregoing. 

 “Agent” means any Registrar, Paying Agent or Transfer Agent. 

“Angolan Assets” means all of the Company’s participating interests, including leasehold and license interests, in and
relating to block 20/11 and block 21/09 offshore the Republic of Angola. 
 “Applicable Premium” means, with respect to a
Note on any date of redemption, as calculated by the Company, the greater of: 
 (1) 1.0% of the then outstanding principal
amount of such Note; and 
 (2) the excess, if any, of (a) the present value as of such redemption date of (i) the redemption
price of such Note at December 1, 2018, (such redemption price being set forth in Section 3.07(c)), plus (ii) all required interest payments due on such Note through December 1, 2018 (excluding accrued but unpaid interest to the redemption
date) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 50 basis points, over (b) the then outstanding principal amount of such Note; 

plus in each case any accrued and unpaid interest on such Note to, but excluding, the redemption date (subject to the right of holders of
record on the relevant Record Date to receive interest due on the relevant redemption date). 
 The Trustee shall have no duty to calculate
or verify the calculations of the Applicable Premium. 
 “Asset Sale” means any sale, lease (including by means of
Production Payments and Reserve Sales), transfer or other disposition (whether in a single transaction or a series of related transactions) of any assets or rights by the Company or any Restricted Subsidiary, including by means of a merger,
amalgamation, consolidation or similar transaction or a Sale and Leaseback Transaction and including any sale or issuance of the Equity Interests of any Restricted Subsidiary (each of the above referred to as a “disposition”);
provided that the following are not included in the definition of “Asset Sale”: 
 (1) a disposition to the
Company or a Restricted Subsidiary that is a Guarantor, including the sale or issuance by the Company or any Restricted Subsidiary of any Equity Interests of any Restricted Subsidiary to the Company or any Restricted Subsidiary that is a Guarantor
(if, in the case of a disposition of assets constituting Collateral, such assets remain subject to a Lien securing the Notes and the Note Guarantees and the transferee assumes the transferor’s obligations under the Security Documents with
respect thereto); 

  
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 (2) the sale, lease, transfer or other disposition by the Company or any
Restricted Subsidiary in the ordinary course of business of (i) cash, Cash Equivalents and Marketable Securities, (ii) inventory or (iii) damaged, worn out or obsolete equipment or other assets; 

(3) [Intentionally omitted.] 

(4) any sale, lease, transfer, relinquishment or other disposition of any property or concession to any governmental authority
either (i) in the ordinary course of business consistent with industry practice, or (ii) pursuant to the terms of any lease, license, concession or other similar agreement entered in the ordinary course of business; 

(5) the sale or discount of accounts receivable arising in the ordinary course of business in connection with the compromise or
collection thereof; 
 (6) the disposition of all or substantially all of the assets of the Company or any Guarantor in
compliance with Section 5.01; 
 (7) the making of any Restricted Payment permitted under Section 4.08 or the making of any
Permitted Investment; 
 (8) any issuance of Disqualified Stock otherwise permitted pursuant to Section 4.09(a) and (b); 

(9) the creation of a Lien not prohibited by this Indenture (but not the sale or disposition of the property subject to such
Lien); 
 (10) the licensing or sublicensing of intellectual property or other general intangibles, including, without
limitation, licenses for seismic data, in the ordinary course of business and which do not materially interfere with the business of the Company and its Restricted Subsidiaries; 

(11) any surrender or waiver of contract rights pursuant to a settlement, release, recovery on or surrender of contract, tort
or other claims of any kind; 
 (12) a disposition of hydrocarbons or mineral products inventory in the ordinary course of
business; 
 (13) the farm-out, lease, sublease, sale or other disposition of developed or undeveloped Oil and Gas Properties
or license or concession to explore or produce oil and natural gas owned or held by the Company or any Restricted 

  
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Subsidiary in exchange for either (i) Oil and Gas Properties or license or concession to explore or produce oil and natural gas owned or held by another Person or (ii) the assumption by the other
Person of any liabilities or expenditures to explore or produce oil and natural gas in the Oil and Gas properties or license or concession; provided that any cash proceeds received in connection therewith shall be deemed to be Net Proceeds
(calculated in accordance with the definition thereof) and are applied in accordance with Section 4.16; 
 (14) foreclosures,
condemnation, expropriation, forced dispositions or any similar action with respect to assets; provided that any cash proceeds received in connection therewith shall be deemed to be Net Proceeds (calculated in accordance with the definition thereof)
and are applied in accordance with Section 4.16; 
 (15) (i) prior to the Asset Sale Cap Repayment Date, the disposition of
assets with an aggregate Fair Market Value not to exceed U.S. $5.0 million since the Issue Date and (ii) following the Asset Sale Cap Repayment Date, the disposition of an asset or series of related dispositions of assets with an aggregate Fair
Market Value not to exceed U.S. $5.0 million; and 
 (16) the early termination or unwinding of any Hedging Obligations;
provided that any cash proceeds received in connection therewith shall be deemed to be Net Proceeds (calculated in accordance with the definition thereof) and are applied in accordance with Section 4.16. 

“Asset Sale Cap Repayment Date” means the first date on which the Company has consummated Offers to Purchase and
complied with and fully satisfied its obligations under Section 4.16 for at least $400.0 million aggregate principal amount of Notes since the Issue Date. 

“Bankruptcy Law” means Title 11, U.S. Code, as amended, or any similar federal, state or foreign law for the relief of
debtors or other insolvency law in applicable jurisdictions (including applicable foreign jurisdictions). 
 “beneficial
ownership” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the
Exchange Act), such “person” will be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or
is exercisable only after the passage of time, and “beneficial owner” has a corresponding meaning. 
 “Board of
Directors” means, with respect to any Person, the Board of Directors or similar governing body of such Person or any duly authorized committee thereof. 

  
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 “Business Day” means any day other than a Saturday, a Sunday or a legal holiday
or a day on which banking institutions or trust companies are authorized or obligated by law to close in the City of New York, USA, or the place of payment. 

“Capital Lease Obligations” means, with respect to any Person, any obligation which is required to be classified and
accounted for as a capital lease on the face of a balance sheet of such person prepared in accordance with U.S. GAAP as in effect on the Issue Date; the amount of such obligation will be the capitalized amount thereof, determined in accordance with
U.S. GAAP as in effect on the Issue Date; and the Stated Maturity thereof will be the date of the last payment of rent or any other amount due under such lease prior to the first date upon which such lease may be terminated by the lessee without
payment of a penalty. 
 “Capital Stock” of any Person means any and all shares, shares of stock, membership interests,
rights to purchase, warrants, options, units, participations or other equivalents of or interests in (however designated, whether voting or nonvoting), such Person’s equity including any Preferred Stock, but excluding any debt securities
convertible into or exchangeable for such equity. 
 “Cash Equivalents” means: 

(1) United States dollars or, in the case of any Foreign Subsidiary that is a Restricted Subsidiary, such local currencies held
by it from time to time in the ordinary course of business; 
 (2) securities issued or directly and fully and
unconditionally guaranteed or insured by the United States government or any agency or instrumentality of the United States government (provided that the full faith and credit of the United States is pledged in support of those securities) having
maturities of not more than one year from the date of acquisition; 
 (3) certificates of deposit, time deposits and
eurodollar time deposits with maturities of one year or less from the date of acquisition, bankers’ acceptances with maturities not exceeding one year and overnight bank deposits, in each case, with any domestic or foreign commercial bank
having capital and surplus in excess of $500.0 million and a Thomson Bank Watch Rating of “B” or better; 
 (4)
repurchase obligations for underlying securities of the types described in clauses (2) and (3) above entered into with any financial institution meeting the qualifications specified in clause (3) above; 

(5) commercial paper having one of the two highest ratings obtainable from Moody’s or S&P (or, if at any time neither
Moody’s nor S&P shall be rating such obligations, an equivalent rating from another rating agency) and, in each case, maturing within one year after the date of acquisition; 

  
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 (6) securities issued or fully guaranteed by any state or commonwealth of the
United States, or by any political subdivision or taxing authority thereof having one of the two highest ratings obtainable from Moody’s or S&P (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an
equivalent rating from another rating agency), and, in each case, maturing within one year after the date of acquisition; 

(7) money market funds at least 95% of the assets of which constitute Cash Equivalents of the kinds described in clauses (1)
through (5) of this definition; and 
 (8) Debt or Preferred Stock issued by Persons with a rating of “A” or higher
from S&P or “A-2” from Moody’s with maturities of 24 months or less from the date of acquisition. 
 Notwithstanding the
foregoing, Cash Equivalents shall include amounts denominated in currencies other than those set forth in clause (1) above, provided that such amounts are converted into any currency listed in clause (1) as promptly as practicable and in any event
within ten Business Days following the receipt of such amounts. 
 For the avoidance of doubt, any items identified as Cash Equivalents
under this definition will be deemed to be Cash Equivalents for all purposes under this Indenture regardless of the treatment of such items under GAAP. 

“Change of Control” means: 

(1) the sale, lease, transfer, conveyance or other disposition in one or a series of related transactions (other than by
merger, consolidation or amalgamation), of all or substantially all of the assets of the Company and its Subsidiaries, taken as a whole, to any Person; 

(2) the adoption of a plan relating to the liquidation or dissolution of the Company or any Guarantor; or 

(3) the Company becomes aware of (by way of a report or any other filing pursuant to Section 13(d) of the Exchange Act, proxy,
vote, written notice or otherwise) the acquisition by (A) any Person or (B) Persons that are together a group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision), including any such group
acting for the purpose of acquiring, holding or disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Exchange Act), in a single transaction or in a related series of transactions, by way of merger, consolidation or other
business combination or purchase of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act, or any successor provision) of more than 50.0% of the total voting power of the Voting Stock of the Company directly or indirectly
through any of its direct or indirect parent holding companies. 

  
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 Notwithstanding the foregoing, a transaction will not be deemed to involve a Change of Control
under clause (3) above, if (1) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company and (2) the direct or indirect holders of the Voting Stock of such holding company immediately following that transaction are the
same, and hold in the same proportions as, the holders of the Voting Stock immediately prior to that transaction. 
 “Change of
Control Purchase Price” means: 
 (1) if a Change of Control occurs prior to December 1, 2018, a redemption price as
calculated by the Company equal to 100% of the outstanding principal amount of such Notes, plus the Applicable Premium; and 

(2) if a Change of Control occurs on or after December 1, 2018, a redemption price equal to 101% of the aggregate principal
amount of the Notes. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Collateral” means all assets or property, now owned or hereafter acquired by the Company and the Guarantors (other than
Excluded Assets and Excluded Real Property), to the extent such assets or property are mortgaged, pledged or assigned or purported to be mortgaged, pledged or assigned, or are required to be mortgaged, pledged or assigned under this Indenture or the
Security Documents to the Collateral Agent, together with the proceeds thereof. 
 “Collateral Agent” means Wilmington
Trust, National Association, as Collateral Agent under this Indenture and the Intercreditor Agreement, and any successor thereto. 

“Company” means the party named as such in the first paragraph of this Indenture or any successor obligor to its obligations
under this Indenture and the Notes pursuant to Article 5. 
 “Consolidated Cash Balances” means, at any time, (a) the
aggregate amount of cash and Cash Equivalents, in each case, credited to and held in a Controlled Account and that is reflected as an asset on the balance sheet of, the Company and its Restricted Subsidiaries less (b) as of the date of such
determination, the sum of (i) any Cash Equivalents to pay bona fide licensing obligations, severance taxes, payroll, payroll taxes, other taxes, employee wage and benefit payments and trust and fiduciary obligations or other obligations of the
Company or any Restricted Subsidiary to third parties which may arise in the ordinary course of business of owning Oil and Gas Properties and for which either (x) the Company or such Restricted Subsidiary has issued checks or has initiated
wires or ACH transfers (but which amounts have not, as of such time, been subtracted 

  
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from the balance in the relevant account of the Company or such Restricted Subsidiary) or (y) reasonably anticipates in good faith that it will issue checks or initiate wires or ACH
transfers within ten (10) days thereafter, (ii) other amounts permitted to be paid by the Company or any Restricted Subsidiary in accordance with this Indenture and the Security Documents for which the Company or such Restricted Subsidiary has
issued checks or has initiated wires or ACH transfers (but which amounts have not, as of such time, been subtracted from the balance in the relevant account of the Company or such Restricted Subsidiary), (iii) while and to the extent refundable
and held by the Company or any Restricted Subsidiary, any cash or Cash Equivalents paid to and held by the Company or any such Restricted Subsidiary constituting purchase price deposits pursuant to a binding and enforceable purchase and sale
agreement with a third party containing customary provisions regarding the payment and refunding of such deposits (including, without limitation, the Purchase and Sale Agreement dated August 22, 2015 relating to the Angolan Assets), and
(iv) any cash or Cash Equivalents held by the Company or any Restricted Subsidiary in good faith to fund any customary deposit in the nature of earnest money with respect to, or the purchase price of, any future acquisition permitted under this
Indenture and (v) without duplication of the foregoing clauses (i) through (iv), any cash or Cash Equivalents that appear (or would be required to appear) as “restricted” on the consolidated balance sheet of the Company or are not
otherwise generally available for use by the Company and its Restricted Subsidiaries, except, in the case of clauses (iii) and (v) without duplication, net of an amount representing fifty percent (50%) of the receivables owed to the Company by
Sociedade Nacional de Combustíveis de Angola—Empresa Pública and its subsidiaries and affiliates provided that the amount of receivables used in such calculation does not exceed the amount outstanding as of the Issue Date.  
 “Control Agreement” means, with respect to any Deposit Account or
Securities Account, an agreement in form satisfactory to the Collateral Agent, among the Collateral Agent, the financial institution or other Person at which such Deposit Account or Securities Account is maintained and the Company or Guarantor
maintaining such Deposit Account or Securities Account, effective to grant “control” (within the meaning of Article 8 and 9 under the applicable UCC) over such Deposit Account or Securities Account to the Collateral Agent. 

“Controlled Account” means, a Deposit Account or Securities Account (including all financial assets held therein and all
certificates and instruments, if any, representing or evidencing such financial assets), as the case may be, that is subject to a first priority perfected security interest in favor of the Collateral Agent on behalf of the Holders and subject to an
effective Control Agreement. 
 “Corporate Trust Office” shall be at the address of the Trustee or the Collateral Agent, as
applicable, specified in Section 13.02 or such other address as to which the Trustee or Collateral Agent, as applicable, may give notice to the Holders and the Company. 

  
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 “Custodian” means the Trustee, as custodian with respect to the Notes in global
form, or any successor entity thereto. 
 “Debt” means, with respect to any Person, whether or not contingent, without
duplication: 
 (1) the principal of and premium, if any, in respect of (a) indebtedness of such person for money borrowed
and (b) indebtedness evidenced by notes, debentures, notes or other similar instruments for the payment of which such Person is responsible or liable, directly or indirectly, as obligor, guarantor or otherwise; 

(2) all Capital Lease Obligations of such Person; 

(3) all obligations of such Person issued or assumed as the deferred purchase price of property, all conditional sale
obligations of such Person and all obligations of such Person under any title retention agreement (but excluding trade accounts payable or other short-term obligations to suppliers payable within 180 days, in each case arising in the ordinary course
of business); 
 (4) all obligations of such Person for the reimbursement of any obligor on any letter of credit,
banker’s acceptance or similar credit transaction (other than obligations with respect to letters of credit securing obligations (other than obligations described in clauses (1) through (3) above) entered into in the ordinary course of business
of such person to the extent such letters of credit are not drawn upon or, if and to the extent drawn upon, such drawing is reimbursed no later than the tenth Business Day following receipt by such Person of a demand for reimbursement following
payment on the letter of credit); 
 (5) all obligations of the type referred to in clauses (1) through (4) above of other
Persons and all dividends of other Persons for the payment of which, in either case, such Person is responsible or liable, directly or indirectly, as obligor, guarantor or otherwise, including by means of any guarantee (other than obligations of
other persons that are customers or suppliers of such person for which such Person is or becomes so responsible or liable in the ordinary course of business to (but only to) the extent that such Person does not, or is not required to, make payment
in respect thereof); 
 (6) all obligations of the type referred to in clauses (1) through (4) of other Persons secured by
any Lien on any property or asset of such person (whether or not such obligation is assumed by such person), the amount of such obligation being deemed to be the lesser of the Fair Market Value of such property or assets or the amount of the
obligation so secured; 
 (7) all obligations of such Person with respect to the redemption, repayment or other repurchase of
any Disqualified Stock of such Person or, with respect to 

  
 9 

 
any Preferred Stock of any Subsidiary of such person that is not held by such Person or a Restricted Subsidiary of such person, the greater of the maximum liquidation value of such Preferred
Stock or the maximum mandatory redemption or mandatory repurchase price with respect to such Preferred Stock (but excluding, in each case, any accrued dividends); 

(8) any other obligations of such person which are required to be, or are in such Person’s financial statements, recorded
or treated as debt under U.S. GAAP; and 
 (9) in respect of any Guarantee by such Person of production or payment with
respect to a Production Payment and Reserve Sale (but not any other contractual obligation in respect of such Production Payment and Reserve Sale); 

provided that (other than Disqualified Stock and clauses (5) and (6) above) the foregoing debt shall be included in this definition of Debt only if,
and to the extent that, the debt would appear as a liability on a balance sheet of such Person or in the notes to the financial statements in accordance with U.S. GAAP. 

Notwithstanding the foregoing, the term “Debt” shall not include: 

(1) any leases or rentals of equipment related to exploration, production and commercialization activities, including without
limitation, leases or rentals of or related to drilling rigs, pipelines, supply boats, crude oil and LNG carriers, FPSO (floating production storage and offloading) facilities, subsea infrastructure, topsides, WHPs (wellhead platforms), TLWPs
(tension leg wellhead platforms) and any other equipment or other similar assets, provided that such leases or rentals do not include a bargain purchase option; 

(2) in connection with the purchase by the Company or any Restricted Subsidiary of any business, any post-closing payment
adjustments to which the seller may become entitled to the extent such payment is determined by a final closing balance sheet; 

(3) Production Payments and Reserve Sales (other than specified in clause (9) above); 

(4) any obligations to customers, suppliers or service providers in the ordinary course of business with a maturity less than
90 days; 
 (5) any obligation of a Person in respect of any operating agreements, working interests, royalty interests,
mineral leases, processing agreements, Farm-In Agreements, Farm-Out Agreements, unitization agreements, area of mutual interest agreements, production sharing agreements or other similar or customary agreements, transactions, properties, interests
or arrangements, whereby such 

  
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Person agrees to pay all or a share of the drilling, completion or other expenses of an exploratory or development well (which agreement may be subject to a maximum payment obligation, after
which expenses are shared in accordance with the working or participation interest therein or in accordance with the agreement of the parties) or perform the drilling, completion or other operation on such well in exchange for an ownership interest
in an oil or gas property; 
 (6) any obligations under Hedging Agreements; provided that such agreements are entered
into for bona fide hedging purposes of the Company or its Restricted Subsidiaries (as determined in good faith by the Board of Directors or senior management of the Company, whether or not accounted for as a hedge in accordance with U.S. GAAP) and,
in the case of currency hedging agreements or commodity hedging agreements, such agreements are related to business transactions of the Company or its Restricted Subsidiaries entered into in the ordinary course of business and, in the case of
interest rate hedging agreements, such agreements substantially correspond in terms of notional amount, duration and interest rates, as applicable, to the Debt of the Company or its Restricted Subsidiaries Incurred without violation of this
Indenture; 
 (7) any obligation arising from agreements of the Company or a Restricted Subsidiary providing for
indemnification, guarantees or letters of credit, surety bonds or performance bonds, adjustment of purchase price, holdbacks, deposits, contingency payment obligations or similar obligations (other than guarantees of Debt), in each case, Incurred or
assumed in connection with the acquisition or disposition of any business, assets or Capital Stock of a Restricted Subsidiary; provided that such obligation is not reflected on the face of the balance sheet of the Company or any Restricted
Subsidiary; 
 (8) any obligation arising from the honoring by a bank or other financial institution of a check, draft or
similar instrument (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business; provided, however, that such Debt is extinguished within five business days of Incurrence; 

(9) in-kind obligations relating to net oil or natural gas balancing positions arising in the ordinary course of business; and

 (10) all contracts and other obligations, agreements, instruments or arrangements described in clauses (17), (18), (19),
(20) and (21) of the definition of “Permitted Liens.” 
 “Default” means any event that is, or after notice or
passage of time or both would be, an Event of Default. 

  
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 “Definitive Note” means a certificated Note (bearing the Restricted Notes Legend
if the transfer of such Note is restricted by applicable law) that does not include the Global Notes Legend. 

“Depositary” means, with respect to the Notes issuable or issued in whole or in part in global form, the Person specified in
Section 2.03 as the Depositary with respect to the Notes, and any and all successors thereto appointed as Depositary hereunder and having become such pursuant to the applicable provision of this Indenture. 

“Deposit Account” shall have the meaning ascribed to such term in the Security Agreement. 

“Disqualified Equity Interests” means Equity Interests that by their terms (or by the terms of any security into which they
are convertible, or for which they are exchangeable, in each case at the option of the holder of the Equity Interest) or upon the happening of any event: 

(1) matures or are required to be redeemed or redeemable at the option of the holder prior to the date that is 91 days after
the earlier of Stated Maturity of the Notes for consideration other than Qualified Equity Interests or the date the Notes are no longer outstanding, or 

(2) convertible at the option of the holder into Disqualified Equity Interests or exchangeable for Debt; 

provided that Equity Interests will not constitute Disqualified Equity Interests solely because of provisions giving holders thereof the right to
require repurchase or redemption upon customary “asset sale” or “change of control” occurring prior to the Stated Maturity of the Notes if those provisions: 

(A) are no more favorable to the holders than the covenants described under Section 4.15 and Section 4.16 and 

(B) specifically state that repurchase or redemption pursuant thereto will not be required prior to the Company’s
repurchase of the Notes as required by this Indenture. 
 “Disqualified Stock” means Capital Stock constituting
Disqualified Equity Interests. 
 “Domestic Subsidiary” means, with respect to any Person, any Subsidiary of such Person
other than a Foreign Subsidiary that is a “controlled foreign corporation” within the meaning of the Code and any subsidiary of such Foreign Subsidiary. 

“DTC” means the Depository Trust Company. 

  
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 “Equity Interests” means all Capital Stock and all warrants or options with
respect to, or other rights to purchase or receive, Capital Stock, but excluding Debt convertible into equity. 
 “Exchange
Act” means the Securities Exchange Act of 1934, as amended, or any successor statute or statutes thereto. 
 “Existing
Notes” shall mean, collectively, the 2019 Notes and the 2024 Notes. 
 “Excluded Asset” shall have the meaning
ascribed to such term in the Security Agreement. 
 “Excluded Subsidiary” shall mean (a) any Domestic Subsidiary that is
not a Wholly-Owned Subsidiary, (b) any direct or indirect Domestic Subsidiary of a direct or indirect Foreign Subsidiary of the Company, (c) any Unrestricted Subsidiary and (d) any Foreign Subsidiary. 

“Excluded Real Property” means: (1) any real property other than any Material Real Property, (2) any real property, or
fixtures affixed or personal property related to any real property, to the extent excluded from any pledge thereof or grant of security interests therein to secure the Notes pursuant to a mortgage or other Security Document, (3) any real property,
or fixtures affixed or personal property related to any real property, to the extent the pledge thereof or grant of security interests therein (x) is prohibited or restricted by applicable law, rule or regulation, (y) would cause the destruction,
invalidation or abandonment of such asset under applicable law, rule or regulation, or (z) requires any consent, approval, license or other authorization of any third party or governmental authority (excluding any prohibition or restriction that is
ineffective under the UCC), unless such consent, approval, license or other authorization has been obtained), and (4) any real property, or fixtures affixed or personal property related to any real property, subject to a purchase money security
interest, capital lease obligation or similar arrangement permitted under the Indenture, in each case, to the extent that a grant of a security interest therein would violate or invalidate such lease, license or agreement or purchase money or
similar arrangement or create a right of termination in favor of any other party thereto (other than the Company or any Restricted Subsidiary) or otherwise require consent thereunder (other than from the Company or any Restricted Subsidiary) after
giving effect to the applicable anti-assignment provisions of the UCC or equivalent law. 
 “Fair Market Value” means the
price that would be paid in an arm’s-length transaction between an informed and willing seller under no compulsion to sell and an informed and willing buyer under no compulsion to buy, as determined in good faith by the Company and, unless
specified in the relevant provision of this Indenture, if the Fair Market Value exceeds $10.0 million, by an Officer of the Company, whose determination will be conclusive if evidenced by an Officer’s Certificate delivered to the Trustee. 

  
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 “Farm-In Agreement” means an agreement whereby a Person agrees to pay all or a
share of the drilling, completion or other expenses of an exploratory or development well (which agreement may be subject to a maximum payment obligation, after which expenses are shared in accordance with the working or participation interest
therein or in accordance with the agreement of the parties) or perform the drilling, completion or other operation on such well in exchange for an ownership interest in an oil or gas property. 

“Farm-Out Agreement” means a Farm-In Agreement, viewed from the standpoint of the party that transfers an ownership interest
to another. 
 “Fitch” means Fitch Ratings Inc. and any successor to its rating agency business. 

“Foreign Subsidiary” means, with respect to any Person, any Subsidiary of such Person that is not a Domestic Subsidiary. 

“Gabon Assets” means all of the Company’s participating interests, including leasehold and license interests, in and
relating to the Diaba block offshore Gabon. 
 “Government Securities” means securities that are (1) direct obligations of
the United States for the timely payment of which its full faith and credit is pledged or (2) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States the timely payment of which is
unconditionally guaranteed as a full faith and credit obligation of the United States, which, in either case, are not callable or redeemable at the option of the issuer thereof, and shall also include a depositary receipt issued by a bank (as
defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such Government Securities or a specific payment of principal of or interest on any such Government Securities held by such custodian for the account of the holder
of such depositary receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect
of the Government Securities or the specific payment of principal of or interest on the Government Securities evidenced by such depositary receipt. 

“guarantee” means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Debt or
other obligation of any Person and any obligation, direct or indirect, contingent or otherwise, of such Person (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or other obligation of such Person (whether
arising by virtue of partnership arrangements, or by agreement to keep-well, to purchase assets, goods, securities or services, to take-or pay, or to maintain financial statement conditions or otherwise) or (b) entered into for purposes of assuring
in any other manner the obligee of such Debt or other obligation of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part); provided, however, that the term “guarantee” will not
include endorsements for collection or deposit in the ordinary course of business. The term “guarantee” used as a verb has a corresponding meaning. 

  
 14 

 “Guarantor” means each Restricted Subsidiary of the Company that Guarantees the
Notes in accordance with the terms of this Indenture and their respective successors and assigns, in each case, until the Note Guarantee of such Person has been released in accordance with the provisions of this Indenture. 

“Hedging Agreements” means (i) (a) any interest rate swap agreement, interest rate cap agreement or other agreement designed
to protect against fluctuations in interest rates or (b) any foreign exchange forward contract, currency swap agreement or other agreement designed to protect against fluctuations in foreign exchange rates or (ii) any commodity or raw material
futures contract or any other agreement designed to protect against fluctuations in raw material prices. 
 “Hedging
Obligations” means the obligations of any Person pursuant to Hedging Agreements. 
 “Holder” means the Person in
whose name a Note is registered in the Registrar’s books. 
 “Incur” means, with respect to any Debt or Capital Stock,
to incur, create, issue, assume or guarantee such Debt or Capital Stock. The term “Incurrence” when used as a noun shall have a correlative meaning. The accretion of original issue discount or payment of interest in kind will not
be considered an Incurrence of Debt. 
 “Indenture” means this Indenture, as amended or supplemented from time to time in
accordance with the terms hereof. 
 “Intercreditor Agreement” means the collateral agency and intercreditor agreement (as
amended, supplemented or modified from time to time, including without limitation to enjoin the representative of the Junior Lien Debt and the other parties thereto if the Company or any Guarantor Incurs any Debt which is permitted to be secured on
a junior basis to the security interest in favor of the Notes and any Second Lien Debt), dated as of the Issue Date, by and among the Company, Wilmington Trust, National Association, as Collateral Agent, Wilmington Trust, National Association, as
Trustee, and Wilmington Trust, National Association, as trustee and collateral agent under the Second Lien Indenture, as the same may be amended, supplemented, or otherwise modified in a manner not adverse to the Holders when taken as a whole, as
compared to the Intercreditor Agreement as in effect immediately prior to such amendment, supplement or modification. 

“interest” with respect to the Notes means interest with respect thereto. 

“Interest Payment Date” means June 1 and December 1 of each year to stated maturity of the Notes. 

  
 15 

 “Investment” with respect to any Person means: 

(1) all direct or indirect investments by such Person in other Persons (including Affiliates) in the forms of loans (including
guarantees or other obligations), 
 (2) advances or capital contributions (excluding accounts receivable, trade credit and
advances to customers and commission, travel and similar advances to officers, employees and consultants made in the ordinary course of business), 

(3) purchases or other acquisitions for consideration of Debt, Equity Interests or other securities, together with all items
that are or would be classified as investments on a balance sheet prepared in accordance with U.S. GAAP (on an unconsolidated basis), or 

(4) the purchase or acquisition of or other investment in any unsecured Debt or Junior Lien Debt of the Company or any of its
Subsidiaries, which shall not be permitted under this Indenture except as expressly provided in Section 4.08. 
 For purposes
of Section 4.08, the Company will be deemed to have made an “Investment” in an Unrestricted Subsidiary at the time of its Designation, which will be valued at the Fair Market Value of the sum of the net assets of such Unrestricted
Subsidiary at the time of its Designation and the amount of any Debt of such Unrestricted Subsidiary owed to the Company or any Restricted Subsidiary immediately following such Designation. Any property transferred to or from an Unrestricted
Subsidiary will be valued at its Fair Market Value at the time of such transfer. 
 “Issue Date” means the date on which
the Notes are originally issued under this Indenture. 
 “Junior Lien” means a Lien granted by a Junior Lien Security
Document to a Junior Lien Collateral Agent, at any time, upon any Collateral to secure Junior Lien Debt. 
 “Junior Lien Collateral
Agent” means any collateral agent under Junior Lien Documents, and any successor thereto. 
 “Junior Lien Debt”
means (i) any Second Lien Debt (including the Second Lien Notes) and all Obligations in respect thereof and (ii) any other Debt and all Obligations in respect thereof (including letters of credit and reimbursement obligations with respect thereto)
of the Company that is secured on a junior basis to the security interest in favor of the Notes and the Note Guarantees, as the case may be, which Junior Lien Debt was permitted to be incurred and so secured under each applicable Junior Lien
Document; provided, in the case of Debt referred to in this clause (ii), that, 
 (a) such Debt is governed by an
indenture, credit agreement or other agreement that includes a Lien Sharing and Priority Confirmation; and 
 (b) all
requirements set forth in the Junior Lien Security Documents as to the confirmation, grant or perfection of the Junior Lien Collateral Agent’s Lien, to the extent required, to secure such Debt or Obligations in respect thereof are satisfied
(and the satisfaction of such requirements will be conclusively established if the Company delivers to the Collateral Agent an Officer’s Certificate stating that such requirements have been satisfied). 

  
 16 

 “Junior Lien Documents” means the Second Lien Debt Documents and any additional
indenture, credit agreement or other agreement governing a series of Junior Lien Debt and the Junior Lien Security Documents that create or perfect Liens securing Junior Lien Debt. 

“Junior Lien Security Agreement” means the Second Lien Pledge and Security Agreement (as amended, supplemented or modified
from time to time), dated as of December 6, 2016, among the Company, the Guarantors party thereto and Wilmington Trust, National Association, as Junior Lien Collateral Agent. 

“Junior Lien Security Documents” means the Intercreditor Agreement, the Junior Lien Security Agreement and all other security
agreements, pledge agreements, collateral assignments, mortgages, collateral agency agreements, intercreditor agreements, deed of trust or other grants or transfers for security executed and delivered by the Company, a Guarantor or any other obligor
under the Notes or the Note Guarantees creating (or purporting to create) a Junior Lien upon Collateral in favor of a Junior Lien Collateral Agent for the benefit of the holders of Junior Lien Debt, in each case, as amended, modified, renewed,
restated or replaced, in whole or in part, from time to time, in accordance with its terms. 
 “Lien” means any mortgage
(legal, equitable or otherwise), pledge, security interest, charge, conditional sale or other title retention agreement or other similar lien. 

“Lien Sharing and Priority Confirmation” means as to any series of Junior Lien Debt, the written agreement enforceable
against the Holders of such series of Junior Lien Debt, as set forth in the applicable Junior Lien Document (which, for the avoidance of doubt, may include the Intercreditor Agreement or any joinder or supplement thereto): 

(a) for the enforceable benefit of all holders of the Notes, that all Junior Lien Debt will be and are secured on a junior Lien
basis to the security interest in favor of the Notes, and that all such junior Liens will be enforceable by the Junior Lien Collateral Agent for the benefit of all holders of Junior Lien Debt equally and ratably; 

  
 17 

 (b) for the enforceable benefit of all holders of the Notes, that the holders of
Obligations in respect of such series of Junior Lien Debt are bound by the provisions of the Intercreditor Agreement and other Junior Lien Security Documents, including the provisions relating to the ranking of Junior Liens and the order of
application of proceeds from enforcement of Junior Liens; and 
 (c) consenting to and directing the Junior Lien Collateral
Agent to perform its obligations under the Junior Lien Security Documents in respect of the Junior Lien Debt. 
 “Marketable
Securities” means publicly traded debt or equity securities that are listed for trading on a national securities exchange and that were issued by a corporation with debt securities rated at least “AA-” from S&P or
“AA-” from Fitch, or the equivalent local rating. 
 “Material Real Property” means any Oil and Gas Property
located in the United States of America or any state thereof having a book value determined in accordance with U.S. GAAP in an amount equal to or more than U.S. $1.0 million. Any Oil and Gas Properties located in the United States of America or
any state thereof will become Material Real Property if at the Issue Date or at the time of acquisition it has a book value in an amount less than U.S. $1.0 million, but which later increases in value such that the book value becomes equal to or
more than U.S. $1.0 million. 
 “Net Cash Proceeds,” means, with respect to any Asset Sale, the proceeds of such
Asset Sale in the form of cash or Cash Equivalents (including (i) payments in respect of deferred payment obligations to the extent corresponding to, principal, but not interest, when received in the form of cash and (ii) proceeds from the
conversion of other consideration received when converted to cash, but, to the extent applicable, excluding any consideration deemed to be cash and Cash Equivalents pursuant to clause (2) of 4.16(a)), net of: 

(1) brokerage commissions and other fees and expenses directly related to such Asset Sale, including fees and expenses of
counsel, accountants and investment bankers; 
 (2) provisions for taxes as a result of such Asset Sale taking into account
the consolidated results of operations and available tax credits and tax sharing arrangements of the Company and its Restricted Subsidiaries; 

(3) payments required to be made to repay Debt (other than revolving credit borrowings and Asset Sale Offers for the Notes
pursuant to Section pursuant to Section 3.09) outstanding at the time of such Asset Sale that is secured by a Lien on the property or assets sold; and 

(4) appropriate amounts to be provided as a reserve against liabilities associated with such Asset Sale determined in
accordance with U.S. GAAP, including pension and other post-employment benefit liabilities, liabilities related to environmental matters and indemnification obligations associated with such Asset Sale, with any subsequent reduction of the reserve
other than by payments made and charged against the reserved amount to be deemed a receipt of cash. 

  
 18 

 “Non-Recourse Debt” means Debt: 

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

(2) no default with respect to which would permit upon notice, lapse of time or both any holder of any Debt of the Company or
any Restricted Subsidiary to declare a default on such Debt or cause the payment of the Debt to be accelerated or payable prior to its Stated Maturity. 

“Note Guarantee” means, individually, any guarantee of payment of the Notes and the Company’s other Obligations under
this Indenture by a Guarantor pursuant to the terms of this Indenture and any supplemental indenture thereto, and, collectively, all such Guarantees. 

“Notes” has the meaning set forth in the recitals hereto, and more particularly means any Note authenticated and delivered
under this Indenture.
 “Obligations” means any principal, interest (including any interest accruing subsequent to the
filing of a petition in bankruptcy, reorganization or similar proceeding at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed claim under applicable state, federal or foreign law), additional
amounts, premium, penalties, fees, indemnifications, reimbursements (including reimbursement obligations with respect to letters of credit and bankers’ acceptances), damages and other liabilities, and guarantees of payment of such principal,
interest, penalties, fees, expenses, indemnifications, reimbursements, damages and other liabilities, payable under the documentation governing any Debt, in each case whether incurred before or after the filing of a petition in bankruptcy,
reorganization or similar proceeding and whether or not available under applicable state, federal or foreign law. 
 “Offer to
Purchase” means an Asset Sale Offer or a Change of Control Offer. 
 “Officer” means the Chairman or any Director
of the Board of Directors, the Chief Executive Officer, the Chief Financial Officer, the Chief Operating Officer, the President, any Executive Vice President, Senior Vice President or Vice President, the Treasurer, the General Counsel or the
Secretary of any Person, or any other officer of such Person designated by any such individuals or any members or managers. Unless otherwise indicated, Officer shall refer to an Officer of the Company. 

  
 19 

 “Officer’s Certificate” means a certificate signed by any Officer. 

“Oil and Gas Properties” means all properties, including without limitation, equity or other ownership interests directly or
indirectly therein, and any interests in any concession or license to explore or produce oil and natural gas. 
 “Opinion of
Counsel” means a written opinion from legal counsel who is reasonably acceptable to the Trustee, in each case, containing customary exceptions and qualifications. The counsel may be an employee of or counsel to the Company or the
Trustee. 
 “Permitted Business” means any business which is the same as or related, ancillary or complementary to any of
the businesses of the Company and its Restricted Subsidiaries on the Issue Date, including without limitation, (1) the acquisition, exploration, development, production, operation and disposition of interests in oil, gas and other hydrocarbon and
mineral properties or products produced in association with the foregoing (including without limitation through operating agreements, joint ventures, partnership agreements, technical evaluation agreements, working interests, royalty interests,
mineral leases, processing agreements, Farm-In Agreements, Farm-Out Agreements or otherwise), and the utilization of the Company’s and its Restricted Subsidiaries’ properties or rights to explore or produce oil and gas, (2) the gathering,
marketing, treating, processing, storage, distribution, selling and transporting of any production from such interests, properties or rights products produced in association therewith and the marketing of oil, gas and other hydrocarbons and minerals
obtained from unrelated Persons, (3) development, purchase and sale of real estate and interests therein, and (4) any business or activity related to, arising from, or necessary, appropriate or incidental to the activities described in the foregoing
clauses (1) through (3) of this definition. 
 “Permitted Business Investment” means any Investment made by the Company or
any Guarantor in assets or properties (including Capital Stock, Debt or any other security or instrument of a Person) that is customary for a Permitted Business for the purpose of actively exploring for, acquiring, developing, producing,
processing, gathering, marketing or transporting hydrocarbons through agreements, transactions, interests or arrangements that permit one to share risks or costs of such activities or comply with regulatory requirements regarding local ownership
including (1) ownership interests in oil, natural gas, other hydrocarbons and minerals properties or gathering, transportation, processing, storage or related systems (directly or indirectly through any investment vehicle); (2) any operating
agreements, working interests, royalty interests, mineral leases, processing agreements, Farm-In Agreements, Farm-Out Agreements, contracts for the sale, transportation or exchange of oil, natural gas and other hydrocarbons, unitization agreements,
pooling arrangements, joint bidding agreements, 

  
 20 

 
service contracts, area of mutual interest agreements, production sharing agreements or other similar or customary agreements, transactions, properties, interests, or arrangements, and
Investments and expenditures in connection therewith or pursuant thereto; and (3) direct or indirect ownership interests in drilling rigs and related equipment, including, without limitation, transportation equipment, excluding, however, Investments
in (a) corporations and publicly-traded limited partnerships and (b) joint ventures or partnerships formed for any purpose other than sharing with any other Person the costs and expenses related to the development of Oil and Gas Properties;
provided, that any Permitted Business Investment in the form of an Investment in a joint venture shall not exceed the amount permitted by clause (22) of the definition of Permitted Investments. 

“Permitted Debt” has the meaning set forth under Section 4.09(c). 

“Permitted Intercompany Activities” means any transactions between or among the Company and its Restricted Subsidiaries that
are entered into in the ordinary course of business and consistent with past practice of the Company and its Restricted Subsidiaries and, in the good faith judgment of the Company are necessary or advisable in order to maintain the ownership or
operation of the business of the Company and its Restricted Subsidiaries, including, but not limited to, (i) payroll, cash management, purchasing, insurance and hedging arrangements, to the extent then due and payable and (ii) management, technology
and licensing arrangements, in each case for a legitimate business purpose. 
 “Permitted Investment” means: 

(1) any Investment in the Company or any Restricted Subsidiary (including, without limitation, in any Debt, other security or
instrument thereof (other than any unsecured Debt or Junior Lien Debt which shall not be permitted by this Indenture except as expressly provided in Section 4.08)); and any Investment by the Company or any Restricted Subsidiary in another Person if
as a result of such Investment such other Person is merged or consolidated with or into, or transfers or conveys all or substantially all its assets to, or is liquidated into, the Company or a Restricted Subsidiary or becomes a Restricted
Subsidiary; provided, that any Investments in a Restricted Subsidiary that is not a Guarantor shall be limited to U.S. $25.0 million at any time outstanding; 

(2) Investments in Cash Equivalents and Marketable Securities as determined in accordance with U.S. GAAP; 

(3) stocks, obligations or securities received in settlement of (or foreclosure with respect to) debts created in the ordinary
course of business and owing to the Company or any Restricted Subsidiary or in satisfaction of judgments or pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of a debtor; 

  
 21 

 (4) Incurrence of Debt or guarantees of Debt permitted pursuant to Section 4.09
and in compliance with Section 4.11; 
 (5) any Investment existing on, or made pursuant to a binding commitments existing
on or approved by the Board of Directors as of, the Issue Date and any Investment consisting of an extension, modification or renewal of any Investment existing on the Issue Date; provided that the new Investment is in an amount that does not exceed
the amount replaced, and is made in the same Person as the Investment replaced. 
 (6) Investments represented by Hedging
Obligations permitted under this Indenture; 
 (7) Investments which are made exclusively with Capital Stock of the Company
(other than Disqualified Stock); 
 (8) any Investments received in compromise or resolution of (A) obligations of trade
creditors or customers that were incurred in the ordinary course of business of the Company or any Restricted Subsidiary, including pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor
or customer; or (B) litigation, arbitration or other disputes with Persons who are not Affiliates; 
 (9) any acquisition
and holding of (a) federal, state and municipal tax credits acquired solely to pay amounts owed by the Company or any Restricted Subsidiary to tax authorities and (b) discounted obligations of any governmental authority acquired solely to pay tax
amounts owed by the Company or any Restricted Subsidiary to such governmental authority; 
 (10) Investments made as a
result of the receipt of non-cash consideration from an Asset Sale that was made in compliance with Section 4.16, provided that such Investments shall be pledged as Collateral to the extent (i) the assets subject to such Asset Sale
constituted Collateral and (ii) provided by the Security Documents; 
 (11) receivables owing to the Company or any of its
Restricted Subsidiaries, if created or acquired in the ordinary course of business and payable or dischargeable in accordance with customary trade terms; provided that such trade terms may include such trade terms as the Company or such
Restricted Subsidiary deems reasonable under the circumstances; 
 (12) workers’ compensation, utility, lease, tax,
performance and similar deposits and prepaid expenses in the ordinary course of business; 

  
 22 

 (13) prepayments and other credits to suppliers made in the ordinary course of
business; 
 (14) (i) loans and advances pursuant to any employee, officer or director compensation or benefit plans,
customary indemnifications or arrangements entered into in the ordinary course of business, and (ii) loans and advances made to, or guarantees with respect to loans or advances made to, directors, officers or employees of the Company or any
Restricted Subsidiary not to exceed $2.5 million in any 12-month period; 
 (15) Investments in connection with pledges,
deposits, payments or surety and performance bonds made or given in the ordinary course of business in connection with or to secure statutory, regulatory or similar obligations, including obligations under asset retirement, health, safety or
environmental obligations; 
 (16) any Investment acquired from a Person which is merged with or into the Company or any of
its Restricted Subsidiaries, or any Investment of any Person existing at the time such Person becomes a Restricted Subsidiary of the Company and, in either such case, is not created as a result of or in connection with or in anticipation of any such
transaction; 
 (17) Guarantees of performance or other obligations arising in the ordinary course in the Permitted
Business, including obligations under oil and natural gas exploration, development, joint operating, and related agreements and licenses, concessions or operating leases related to the Permitted Business; 

(18) payroll, commission, travel, relocation and similar advances to cover matters that are expected at the time of such
advances ultimately to be treated as expenses for accounting purposes and that are made in the ordinary course of business; 

(19) loans or grants in respect of community development or social projects made in the ordinary course of business customary
in the Permitted Business as appropriate for the Company’s regions of operations and consistent with past practice or counterparty requirement; 

(20) Investments in the Capital Stock of any Person other than a Restricted Subsidiary of the Company that are required to be
held pursuant to an involuntary governmental order of consideration, nationalization, seizure or expropriation or other similar order with respect to Capital Stock of such Person (prior to which order such Person was a Subsidiary of the Company);

 (21) Investments in Marketable Securities or instruments to fund the Company’s or its Restricted Subsidiary’s
employee related obligations pursuant to compensation arrangements approved by the Board of Directors or senior management of the Company; 

  
 23 

 (22) Investments in any joint venture of the Company or any Restricted
Subsidiary in an aggregate amount not to exceed U.S. $25 million at any one time outstanding; 
 (23) [Reserved.]; 

(24) any Permitted Business Investment; 

(25) advances made to customers, clients, distributors, suppliers or purchasers or sellers of goods or services, in each case,
in the ordinary course of business; 
 (26) (i) any Investment made in the ordinary course for the purpose of funding any
Subsidiary directly or indirectly owning all or a portion of the Angolan Assets prior to or in connection with any sale of such Angolan Assets (or all or a portion of the Capital Stock of any Subsidiary holding such Angolan Assets), including,
without limitation, any expenditures or Investments made for the purpose of actively exploring for, acquiring, developing, producing, processing, gathering, marketing or transporting hydrocarbons related to the Angolan Assets, whether through
agreements, transactions, interests or arrangements or to comply with regulatory or contractual requirements; and (ii) any Investment made in the ordinary course for the purpose of funding any Subsidiary directly or indirectly owning all or a
portion of the Gabon Assets prior to or in connection with any sale of such Gabon Assets (or all or a portion of the Capital Stock of any Subsidiary holding such Gabon Assets), including, without limitation, any expenditures or Investments made for
the purpose of actively exploring for, acquiring, developing, producing, processing, gathering, marketing or transporting hydrocarbons related to the Gabon Assets, whether through agreements, transactions, interests or arrangements or to comply with
regulatory or contractual requirements; provided, that any such Investment described in clause (ii) above shall not exceed U.S. $50.0 million in the aggregate since the Issue Date; and 

(27) additional Investments by the Company or any of its Restricted Subsidiaries having an aggregate Fair Market Value, taken
together with all other Investments made pursuant to this clause (26) that are at the time outstanding, not to exceed U.S.$10 million (with the Fair Market Value of each Investment being measured at the time made and without giving effect to
subsequent changes in value); provided, that such amount shall not be permitted to be used for any repayment, repurchase, redemption, defeasance or other acquisition or retirement for value of outstanding unsecured Debt or Junior Lien Debt of
the Company or any Restricted Subsidiary. 

  
 24 

 “Permitted Refinancing Debt” means any Debt of the Company or any of the
Company’s Restricted Subsidiaries that are Guarantors, issued in exchange for, or the net proceeds of which are used to renew, refund, refinance, replace, defease or discharge other Debt of the Company or any of the Company’s Restricted
Subsidiaries (other than intercompany Debt); provided that: 
 (1) the principal amount (or accreted value, if applicable) of such Permitted
Refinancing Debt does not exceed the principal amount of the Debt renewed, refunded, refinanced, replaced, defeased or discharged (plus any premium required to be paid on the Debt being so renewed, refunded, replaced, defeased or discharged, plus
the amount of all fees and expenses incurred in connection therewith); 
 (2) such Permitted Refinancing Debt has a final maturity date
equal to or later than the final maturity date of, and has a Weighted Average Life to Maturity equal to or greater than the remaining Weighted Average Life to Maturity of, the Debt being renewed, refunded, refinanced, replaced, defeased or
discharged; 
 (3) if the Debt being renewed, refunded, refinanced, replaced, defeased or discharged is subordinated in right of payment to
the Notes, such Permitted Refinancing Debt is subordinated in right of payment to, the Notes on terms at least as favorable to the Holders as those contained in the documentation governing the Debt being renewed, refunded, refinanced, replaced,
defeased or discharged; 
 (4) such Debt is not incurred (other than by way of guarantee) by a Restricted Subsidiary if the Company is the
issuer or primary obligor on the Debt being exchanged, renewed, refunded or refinanced; and 
 (5) such Refinancing Debt shall not include
Debt of the Company or a Restricted Subsidiary that refinances Debt of an Unrestricted Subsidiary. 
 “Person” means an
individual, a corporation, a partnership, a limited liability company, an association, a trust or any other entity, including a government or political subdivision or an agency or instrumentality thereof. 

“Preferred Stock” means, with respect to any Person, any Capital Stock of such Person that has preferential rights over any
other Capital Stock of such Person with respect to dividends, distributions or redemptions or upon liquidation. 
 “Production
Payments and Reserve Sales” means the grant or transfer by the Company or a Restricted Subsidiary of the Company to any Person of a royalty, overriding royalty, net profits interest, Production Payment, partnership or other interest in Oil
and Gas Properties, reserves or the right to receive all or a portion of the production or the proceeds from the sale of production attributable to such properties, including without limitation any such grants or transfers pursuant to incentive
compensation programs on terms that are reasonably customary in the oil and gas business for geologists, geophysicists and other providers of technical services to the Company or a Subsidiary of the Company. 

  
 25 

 “Property” means (i) any land, buildings, machinery and other improvements and
equipment located therein, (ii) any intangible assets, including, without limitation, and brand names, trademarks, copyrights and patents and similar rights, (iii) any income (licensing or otherwise), proceeds of sale or other revenues therefrom and
(iv) any other interest of any kind of property or asset. 
 “Purchase Money Obligations” means any Debt Incurred to
finance or refinance the acquisition, leasing, construction or improvement of property (real or personal) or assets, and whether acquired through the direct acquisition of such property or assets, or otherwise (including through the purchase of
Capital Stock of any Person owning such property or assets). 
 “Qualified Equity Interests” means all Equity Interests of
a Person other than Disqualified Equity Interests. 
 “Qualified Stock” means all Capital Stock of a Person other than
Disqualified Stock. 
 “Record Date” for the interest payable on any applicable Interest Payment Date means the May 15
or November 15 (whether or not a Business Day) next preceding such Interest Payment Date. 
 “Responsible Officer”
means, when used with respect to the Trustee or the Collateral Agent, any officer within the Corporate Trust Office of the Trustee or the Collateral Agent, or any other officer to whom any corporate trust matter is referred because of such
officer’s knowledge of and familiarity with the particular subject, in each case, having direct responsibility for the administration of this Indenture. 

“Restricted Subsidiary” means any Subsidiary of the Company other than an Unrestricted Subsidiary. Unless otherwise
indicated, when used herein, the term “Restricted Subsidiary” shall refer to a Restricted Subsidiary of the Company. 

“S&P” means Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., and any successor to its rating
agency business. 
 “Sale and Leaseback Transaction” means, with respect to any Person, an arrangement whereby such Person
enters into a lease of property previously transferred by such Person to the lessor. 
 “SEC” means the U.S. Securities and
Exchange Commission. 

  
 26 

 “Second Lien Debt” means any Debt (including (i) letters of credit and
reimbursement obligations with respect thereto and (ii) the Second Lien Notes) of the Company that is secured on a second-lien basis to the security interest in favor of the Notes and the Note Guarantees, as the case may be, and subject to the
Intercreditor Agreement, which Second Lien Debt was permitted to be incurred and so secured under each applicable Junior Lien Document. 

“Second Lien Collateral Agent” means Wilmington Trust, National Association, until a successor replaces it in accordance with
the applicable provisions of the Second Lien Indenture or the applicable Junior Lien Security Documents and thereafter means the successor serving thereunder. 

“Second Lien Debt Documents” shall mean the Second Lien Indenture and, subject to the Intercreditor Agreement, all other
instruments, agreements and other documents evidencing or governing the Second Lien Debt, or providing for any Guarantee or other right in respect thereof, in each case as amended, supplemented, extended, renewed, restated, replaced or otherwise
modified from time to time in accordance with the Intercreditor Agreement. 
 “Second Lien Indenture” means that certain
indenture, dated as of the Issue Date, between the Company, the Guarantors and Wilmington Trust, National Association, as Second Lien Trustee and Second Lien Collateral Agent, in respect of the Second Lien Notes. 

“Second Lien Notes” shall mean the Company’s 7.750% Second-Lien Senior Secured Notes due 2023 issued in an initial
aggregate principal amount of $584,732,000 on the Issue Date.
 “Second Lien Trustee” means Wilmington Trust, National
Association, until a successor replaces it in accordance with the applicable provisions of the Second Lien Indenture and thereafter means the successor serving thereunder. 

“Securities Act” means the U.S. Securities Act of 1933, as amended, or any successor statute or statutes thereto. 

“Securities Account” shall have the meaning ascribed to such term in the Security Agreement. 

“Security Agreement” means the First Lien Pledge and Security Agreement (as amended, supplemented or modified from time to
time), dated as of December 6, 2016, among the Company, the Guarantors party thereto and Wilmington Trust, National Association, as Collateral Agent. 

“Security Documents” means the Intercreditor Agreement, the Security Agreement and all other security agreements, pledge
agreements, collateral assignments, 

  
 27 

 
mortgages, collateral agency agreements, intercreditor agreements, deed of trust or other grants or transfers for security executed and delivered by the Company, a Guarantor or any other obligor
under the Notes or the Note Guarantees creating (or purporting to create) a Lien upon Collateral in favor of the Collateral Agent for the benefit of the holders of the Notes and the Note Guarantees, in each case, as amended, modified, renewed,
restated or replaced, in whole or in part, from time to time, in accordance with its terms. 
 “Senior Debt” means, whether
outstanding on the Issue Date or thereafter issued, created, Incurred or assumed, any Debt of the Company or the Guarantors ranking pari passu in right of payment with the Notes and the Note Guarantees, as applicable (including the Second
Lien Notes and the Guarantees thereof, as applicable), which, for the avoidance of doubt, shall not include any Debt, guarantee or obligation of the Company that is expressly subordinate or junior in right of payment to any other Debt, guarantee or
obligation of the Company, including, without limitation, any Subordinated Debt.
 “Significant Subsidiary” means any
Restricted Subsidiary that would be a “Significant Subsidiary” of the Company within the meaning of Rule 1-02 under Regulation S-X promulgated pursuant to the Securities Act. 

“Stated Maturity” means, with respect to any security, the date specified in such security as the fixed date on which the
principal of such security is due and payable, including pursuant to any mandatory redemption provision (but excluding any provision providing for the repurchase of such security at the option of the holder thereof upon the happening of any
contingency unless such contingency has occurred). 
 “Subordinated Debt” means any Debt of the Company or a Restricted
Subsidiary which is subordinated in right of principal payment to the Notes or a Note Guarantee, as applicable, pursuant to a written agreement to that effect. 

“Subsidiary” means with respect to any Person, any corporation limited liability company, partnership, association or other
business entity of which more than 50% of the outstanding Voting Stock is owned, directly or indirectly, by such Person and one or more Subsidiaries of such Person (or a combination thereof or such Person otherwise controls such entity or the
results of such Person are required by U.S. GAAP to be consolidated with the Company). 
 “Termination Conditions” means
(i) the full and final payment and the performance of all Obligations under the Notes, the Note Guarantee or this Indenture (other than contingent obligations that may arise in the future for indemnities or otherwise) or (ii) the satisfaction of all
conditions to legal defeasance or covenant defeasance under Article 8 hereof. 
 “Transfer Restricted Notes” means
Definitive Notes and any other Notes that bear or are required to bear the Restricted Notes Legend. 

  
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 “Treasury Rate” means, with respect to any redemption date, the yield to
maturity as of the time of computation of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly available at least two
Business Days prior to the redemption date (or, if such statistical release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the redemption date to December 1, 2018; provided,
however, that if the period from the redemption date to December 1, 2018 is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year will be used. 

“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended. 

“Trustee” means Wilmington Trust, National Association, as trustee, until a successor replaces it in accordance with the
applicable provisions of this Indenture and thereafter means the successor serving hereunder. 
 “UCC” means, the Uniform
Commercial Code as from time to time in effect in the State of New York; provided that in the event that, by reason of mandatory provisions of applicable law, any of the attachment, perfection or priority of the Collateral Agent’s security
interest in any Collateral is governed by the Uniform Commercial Code of a jurisdiction other than the State of New York, “UCC” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions
hereof relating to such attachment, perfection or priority and for the purposes of the definitions related to or otherwise used in such provisions. 

“U.S. GAAP” means accounting practices generally accepted in the United States as in effect from time to time;
provided, that the Company shall have the sole discretion to give effect to, for purposes of this Indenture, any change, modification, restatement, reinterpretation or revision of U.S. GAAP (or its application thereof) after the Issue Date
that results in the Company’s operating leases or licenses to be reclassified or otherwise treated as capital leases. 

“Unrestricted Subsidiary” means any Subsidiary of the Company designated as an Unrestricted Subsidiary pursuant to Section
4.13. Any such Designation may be revoked by a resolution of the Board of Directors of the Company, subject to Section 4.13. 

“Voting Stock” means, with respect to any Person, Capital Stock of any class or kind ordinarily having the power to vote for
the election of directors, managers or other voting members of the governing body of such Person. 

  
 29 

 “Weighted Average Life to Maturity” means, when applied to any Debt at any date,
the number of years obtained by dividing: 
 (1) the sum of the products obtained by multiplying (a) the amount of each then remaining
installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect of the Debt, by (b) the number of years (calculated to the nearest one-twelfth) that will elapse between such date
and the making of such payment; by 
 (2) the then outstanding principal amount of such Debt. 

“Wholly-Owned Subsidiary” means a Restricted Subsidiary of which at least 95% of the Capital Stock or other ownership
interest (other than directors’ qualifying shares) is owned by the Company or another Wholly-Owned Subsidiary. 
 Section 1.02.
Other Definitions. 
  

			
	 	  	 Section

	Agent Members	  	2.1(c) of Appendix A
	Applicable Procedures	  	1.1(a) of Appendix A
	Asset Sale Cap	  	3.09(a)
	Asset Sale Offer	  	3.09(b)
	Asset Sale Offer Amount	  	3.09(b)
	Asset Sale Offer Period	  	3.09(b)
	Asset Sale Purchase Date	  	3.09(b)
	Authentication Order	  	2.02(c)
	Change of Control Offer	  	4.15(a)
	Change of Control Payment	  	4.15(a)
	Change of Control Payment Date	  	4.15(a)
	Clearstream	  	1.1(a) of Appendix A
	Covenant Defeasance	  	8.03
	Definitive Notes Legend	  	2.2(e) of Appendix A
	Designation	  	4.13(a)
	Distribution Compliance Period	  	1.1(a) of Appendix A
	ERISA Legend	  	2.2(e) of Appendix A
	Euroclear	  	1.1(a) of Appendix A
	Event of Default	  	6.01(a)
	Expiration Date	  	1.05(j)
	Financing Documents	  	7.02(m)
	Global Note	  	2.1(b) of Appendix A
	Global Notes Legend	  	2.2(e) of Appendix A
	IAI	  	1.1(a) of Appendix A
	IAI Global Note	  	2.1(b) of Appendix A
	Legal Defeasance	  	8.02(a)

  
 30 

			
	 	  	 Section

	Note Register	  	2.03(a)
	Optional Redemption Price	  	3.07(a)
	Paying Agent	  	2.03(a)
	Payment Default	  	6.01(a)
	PDF	  	13.18
	Permitted Liens	  	4.10(b)
	QIB	  	1.1(a) of Appendix A
	Related Party Transaction	  	4.14(a)
	Registrar	  	2.03(a)
	Regulation S	  	1.1(a) of Appendix A
	Regulation S Global Note	  	2.1(b) of Appendix A
	Regulation S Notes	  	2.1(a) of Appendix A
	Restricted Notes Legend	  	2.2(e) of Appendix A
	Restricted Payments	  	4.08(a)
	Revocation	  	4.13(b)
	Rule 144	  	1.1(a) of Appendix A
	Rule 144A	  	1.1(a) of Appendix A
	Rule 144A Global Note	  	2.1(b) of Appendix A
	Rule 144A Notes	  	2.1(a) of Appendix A
	Security Document Order	  	11.04
	Successor Company	  	5.01(a)
	Successor Guarantor	  	5.01(d)
	Unrestricted Global Note	  	1.1(a) of Appendix A

 Section 1.03. Rules of Construction. 

Unless the context otherwise requires: 

(a) a term defined in Section 1.01 or 1.02 has the meaning assigned to it therein; 

(b) an accounting term not otherwise defined has the meaning assigned to it in accordance with U.S. GAAP; 

(c) “or” is not exclusive; 

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

(e) provisions apply to successive events and transactions; 

(f) unless the context otherwise requires, any reference to an “Appendix,” “Article,” “Section,”
“clause,” “Schedule” or “Exhibit” refers to an Appendix, Article, Section, clause, Schedule or Exhibit, as the case may be, of this Indenture; 

  
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 (g) the words “herein,” “hereof” and other words of similar import refer to
this Indenture as a whole and not any particular Article, Section, clause or other subdivision; 
 (h) “including” means including
without limitation; 
 (i) references to sections of, or rules under, the Securities Act, the Exchange Act or the Trust Indenture Act shall
be deemed to include substitute, replacement or successor sections or rules adopted by the SEC from time to time; and 
 (j) unless
otherwise provided, references to agreements and other instruments shall be deemed to include all amendments and other modifications to such agreements or instruments, but only to the extent such amendments and other modifications are not prohibited
by the terms of this Indenture. 
 Section 1.04. [Reserved]. 

Section 1.05. Acts of Holders. (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided
by this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing. Except as herein otherwise
expressly provided, such action shall become effective when such instrument or instruments or record or both are delivered to the Trustee and, where it is hereby expressly required, to the Company and the Guarantors. Proof of execution of any
such instrument or of a writing appointing any such agent, or the holding by any Person of a Note, shall be sufficient for any purpose of this Indenture and (subject to Section 7.01) conclusive in favor of the Trustee, the Company and the
Guarantors, if made in the manner provided in this Section 1.05. 
 (b) The fact and date of the execution by any Person of any such
instrument or writing may be proved (1) by the affidavit of a witness of such execution or by the certificate of any notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such
instrument or writing acknowledged to him the execution thereof or (2) in any other manner deemed reasonably sufficient by the Trustee. Where such execution is by or on behalf of any legal entity other than an individual, such certificate or
affidavit shall also constitute proof of the authority of the Person executing the same. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other
manner that the Trustee deems sufficient. 
 (c) The ownership of Notes shall be proved by the Note Register. 

(d) Any request, demand, authorization, direction, notice, consent, waiver or other action by the Holder of any Note shall bind every future
Holder of the same Note and the Holder of every Note issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in respect of any action taken, suffered or omitted by the Trustee, the Company or the Guarantors in
reliance thereon, whether or not notation of such action is made upon such Note. 

  
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 (e) The Company may set a record date for purposes of determining the identity of Holders
entitled to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other action provided in this Indenture to be made, or to vote on or consent to any action authorized or permitted to be taken by Holders;
provided that the Company may not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving or making of any notice, declaration, request or direction referred to in clause (f) below. Unless
otherwise specified, if not set by the Company prior to the first solicitation of a Holder made by any Person in respect of any such action, or in the case of any such vote, prior to such vote, any such record date shall be the later of 30 days
prior to the first solicitation of such consent or vote or the date of the most recent list of Holders furnished to the Trustee prior to such solicitation or vote. If any record date is set pursuant to this clause (e), the Holders on such
record date, and only such Holders, shall be entitled to make, give or take such request, demand, authorization, direction, notice, consent, waiver or other action (including revocation of any action), whether or not such Holders remain Holders
after such record date; provided that no such action shall be effective hereunder unless made, given or taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Notes, or each affected Holder, as
applicable, on such record date. Promptly after any record date is set pursuant to this paragraph, the Company, at its own expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be
given to the Trustee in writing and to each Holder in the manner set forth in Section 13.02. 
 (f) The Trustee may set any day as a record
date for the purpose of determining the Holders entitled to join in the giving or making of (1) any notice of default under Section 6.01(a), (2) any declaration of acceleration referred to in Section 6.02, (3) any direction referred to in Section
6.05 or (4) any request to pursue a remedy as permitted in Section 6.06. If any record date is set pursuant to this paragraph, the Holders on such record date, and no other Holders, shall be entitled to join in such notice, declaration, request
or direction, whether or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless made, given or taken on or prior to the applicable Expiration Date by Holders of the requisite
principal amount of Notes or each affected Holder, as applicable, on such record date. Promptly after any record date is set pursuant to this paragraph, the Trustee, at the Company’s expense, shall cause notice of such record date, the
proposed action by Holders and the applicable Expiration Date to be given to the Company and to each Holder in the manner set forth in Section 13.02. 

(g) Without limiting the foregoing, a Holder entitled to take any action hereunder with regard to any particular Note may do so with regard to
all or any part of the principal amount of such Note or by one or more duly appointed agents, each of 

  
 33 

 
which may do so pursuant to such appointment with regard to all or any part of such principal amount. Any notice given or action taken by a Holder or its agents with regard to different
parts of such principal amount pursuant to this paragraph shall have the same effect as if given or taken by separate Holders of each such different part. 

(h) Without limiting the generality of the foregoing, a Holder, including a Depositary that is the Holder of a Global Note, may make, give or
take, by a proxy or proxies duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other action provided in this Indenture to be made, given or taken by Holders, and a Depositary that is the Holder of a
Global Note may provide its proxy or proxies to the beneficial owners of interests in any such Global Note through such Depositary’s standing instructions and customary practices. 

(i) The Company may fix a record date for the purpose of determining the Persons who are beneficial owners of interests in any Global Note
held by a Depositary entitled under the procedures of such Depositary, if any, to make, give or take, by a proxy or proxies duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other action provided in
this Indenture to be made, given or taken by Holders; provided that if such a record date is fixed, only the beneficial owners of interests in such Global Note on such record date or their duly appointed proxy or proxies shall be entitled to
make, give or take such request, demand, authorization, direction, notice, consent, waiver or other action, whether or not such beneficial owners remain beneficial owners of interests in such Global Note after such record date. No such request,
demand, authorization, direction, notice, consent, waiver or other action shall be effective hereunder unless made, given or taken on or prior to the applicable Expiration Date. 

(j) With respect to any record date set pursuant to this Section 1.05, the party hereto that sets such record date may designate any day as
the “Expiration Date” and from time to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective unless notice of the proposed new Expiration Date is given to the other
party hereto in writing, and to each Holder of Notes in the manner set forth in Section 13.02, on or prior to both the existing and the new Expiration Date. If an Expiration Date is not designated with respect to any record date set pursuant to
this Section 1.05, the party hereto which set such record date shall be deemed to have initially designated the 90th day after such record date as the Expiration Date with respect thereto, subject to its right to change the Expiration Date as
provided in this clause (j). 
 (k) With respect to any matter under a Security Document requiring the vote of “Required First Lien
Secured Parties” (as defined in the Intercreditor Agreement), the Trustee shall vote the entire aggregate principal amount outstanding on the Notes as directed by a majority in principal amount of the Notes then outstanding or such larger
percentage expressly required by the terms hereunder. 

  
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 ARTICLE 2 

THE NOTES 

Section 2.01. Form and Dating; Terms. (a) Provisions relating to the Notes issued under this Indenture are set forth in Appendix
A, which is hereby incorporated in and expressly made a part of this Indenture. The Notes and the Trustee’s certificate of authentication shall each be substantially in the form of Exhibit A hereto, which is hereby incorporated in and
expressly made a part of this Indenture. The Notes may have notations, legends or endorsements required by law, rules or agreements with national securities exchanges to which the Company or any Guarantor is subject, if any, or usage (provided
that any such notation, legend or endorsement is in a form acceptable to the Company). Each Note shall be dated the date of its authentication. The Notes shall be in denominations of $1,000 and integral multiples of $1,000 in excess
thereof. 
 (b) The aggregate principal amount of Notes that may be authenticated and delivered under this Indenture is limited to
U.S.$500.0 million. 
 The terms and provisions contained in the Notes shall constitute, and are hereby expressly made, a part of this
Indenture, and the Company, the Guarantors and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to the extent any provision of any Note conflicts with
the express provisions of this Indenture, the provisions of this Indenture shall govern and be controlling. 
 The Notes shall be subject to
repurchase by the Company pursuant to an Asset Sale Offer as provided in Section 4.16 or a Change of Control Offer as provided in Section 4.15, and otherwise as not prohibited by this Indenture. The Notes shall not be redeemable, other than as
provided in Article 3. 
 Section 2.02. Execution and Authentication. (a) At least one Officer shall execute the Notes on behalf
of the Company by manual or facsimile signature. If an Officer whose signature is on a Note no longer holds that office at the time a Note is authenticated, the Note shall nevertheless be valid. 

(b) A Note shall not be entitled to any benefit under this Indenture or be valid or obligatory for any purpose until authenticated
substantially in the form of Exhibit A attached hereto by the manual signature of an authorized signatory of the Trustee. The signature shall be conclusive evidence that the Note has been duly authenticated and delivered under this Indenture.

 (c) On the Issue Date, the Trustee shall, upon receipt of a written order of the Company signed by an Officer (an “Authentication
Order”), authenticate and deliver the Notes.

  
 35 

 (d) The Trustee may appoint an authenticating agent acceptable to the Company to authenticate
Notes. An authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights
as an Agent to deal with Holders, the Company or an Affiliate of the Company. 
 (e) The Trustee shall authenticate and make available for
delivery upon a written Authentication Order of the Company signed by one Officer of the Company (1) Notes for original issue on the Issue Date in an aggregate principal amount of $500,000,000 and (2) any Unrestricted Global Notes issued in exchange
for any of the foregoing in accordance with this Indenture. Such Authentication Order shall specify the amount of the Notes to be authenticated, the date on which the original issue of Notes is to be authenticated and whether the Notes are to
be Unrestricted Global Notes. 
 Section 2.03. Registrar and Paying Agent. (a) The Company shall maintain an office or agency
where Notes may be presented for registration of transfer or for exchange (“Registrar”) and at least one office or agency where Notes may be presented for payment (“Paying Agent”). The Registrar shall keep a
register of the Notes (“Note Register”) and of their transfer and exchange. The Company may appoint one or more co-registrars and one or more additional paying agents. The term “Registrar” includes any
co-registrar, and the term “Paying Agent” includes any additional paying agent. The Company may change any Paying Agent or Registrar without prior notice to any Holder. The Company shall notify the Trustee in writing of the name
and address of any Agent not a party to this Indenture. If the Company fails to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act as such. The Company may change the Paying or Registrar without prior
notice to the Holders of the Notes, the Company or any of its Restricted Subsidiaries may act as Paying Agent or Registrar. 
 (b) The
Company initially appoints DTC to act as Depositary with respect to the Global Notes. The Company initially appoints the Trustee to act as Paying Agent and Registrar for the Notes and to act as Custodian with respect to the Global Notes. 

Section 2.04. Paying Agent to Hold Money in Trust. The Company shall, no later than 10:00 a.m. (New York City time) on each due
date for the payment of principal, premium, if any, and interest on any of the Notes, deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be held in trust for the Holders entitled to the same, and (unless such Paying Agent
is the Trustee) the Company shall promptly notify the Trustee of its action or failure so to act. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit
of Holders or the Trustee all money held by such Paying Agent for the payment of principal, premium, if any, and interest on the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such
default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held 

  
 36 

 
by it to the Trustee. Upon payment over to the Trustee, a Paying Agent shall have no further liability for the money. If the Company or a Subsidiary acts as Paying Agent, it shall segregate
and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes. 

To the extent that the Paying Agent receives any amounts pursuant to this Section 2.04 and such amounts are remitted to the Holders, the
Trustee and the Paying Agent shall have no further obligations with respect thereto. Each Holder of a Note or a beneficial interest therein by its acceptance thereof agrees that if any amounts received by it are determined to be in
contravention of the provisions of an Intercreditor Agreement it shall hold such funds and pay them to the Collateral Agent as described in the Intercreditor Agreement. 

Section 2.05. Holder Lists. The Trustee shall preserve in as current a form as is reasonably practicable the most recent list
available to it of the names and addresses of all Holders in the Note Register. If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least five Business Days before each Interest Payment Date and at such other times
as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of the Holders. 

Section 2.06. Transfer and Exchange. (a) The Notes shall be issued in registered form and shall be transferable only upon the
surrender of a Note for registration of transfer and in compliance with Appendix A. 
 (b) To permit registrations of transfers and
exchanges, the Company shall execute and the Trustee shall authenticate Global Notes and Definitive Notes upon receipt of an Authentication Order in accordance with Section 2.02 or at the Registrar’s request. 

(c) No service charge shall be imposed in connection with any registration of transfer or exchange (other than pursuant to Section 2.07), but
the Holders shall be required to pay any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.10,
3.06, 3.09, 4.15, 4.16, 4.18 and 9.05). 
 (d) All Global Notes and Definitive Notes issued upon any registration of transfer or exchange of
Global Notes or Definitive Notes shall be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Global Notes or Definitive Notes surrendered upon such registration of transfer
or exchange. 

  
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 (e) None of the Company, the Transfer Agent and the Registrar shall be required (1) to issue, to
register the transfer of or to exchange any Note during a period beginning at the opening of business 15 days before the day of any selection of Notes for redemption under Section 3.02 and ending at the close of business on the day of selection, (2)
to register the transfer of or to exchange any Note so selected for redemption, or tendered for repurchase (and not withdrawn) in connection with a Change of Control Offer or an Asset Sale Offer, in whole or in part, except the unredeemed or
unpurchased portion of any Note being redeemed or repurchased in part or (3) to register the transfer of or to exchange any Note between a Record Date and the next succeeding Interest Payment Date. 

(f) Prior to due presentment for the registration of a transfer of any Note, the Trustee, any Agent and the Company may deem and treat the
Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal, premium, if any, and (subject to the Record Date provisions of the Notes) interest on such Notes and for all other
purposes, and none of the Trustee, any Agent or the Company shall be affected by notice to the contrary. 
 (g) Upon surrender for
registration of transfer of any Note at the office or agency of the Company designated pursuant to Section 4.02, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one
or more replacement Notes of any authorized denomination or denominations of a like aggregate principal amount. 
 (h) At the option of the
Holder, Notes may be exchanged for other Notes of any authorized denomination or denominations of a like aggregate principal amount upon surrender of the Notes to be exchanged at the Corporate Trust Office of the Registrar or such other office
specified by the Company. Whenever any Global Notes or Definitive Notes are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the replacement Global Notes and Definitive Notes which the
Holder making the exchange is entitled to in accordance with the provisions of Section 2.02 and Appendix A. 
 (i) All certifications,
certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to this Section 2.06 to effect a registration of transfer or exchange may be submitted by mail or by facsimile or electronic transmission (provided that such
electronic transmission shall be in the form of a pdf file of a document executed by the required Person). 
 (j) All transfers and
exchanges of any Note shall be subject to the provisions set forth in Appendix A. In addition, the Trustee and the Registrar shall be entitled to receive such evidence as may be reasonably requested by it to establish the identity and/or
signatures of any transferee or transferor. 

  
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 Section 2.07. Replacement Notes. If a mutilated Note is surrendered to the Trustee or
the Registrar or if a Holder claims that its Note has been lost, destroyed or wrongfully taken and the Trustee and the Registrar receive evidence to its satisfaction of the ownership and loss, destruction or theft of such Note, the Company shall
issue and the Trustee, upon receipt of an Authentication Order, shall authenticate a replacement Note if the Trustee’s requirements are otherwise met. If required by the Trustee or the Company, an indemnity bond must be provided by the
Holder that is sufficient in the judgment of the Trustee to protect the Trustee and in the judgment of the Company to protect the Company, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer if a Note is
replaced. The Company may charge the Holder for the expenses of the Company, the Trustee and the Registrar in replacing a Note. Every replacement Note is a contractual obligation of the Company and shall be entitled to all of the benefits
of this Indenture equally and proportionately with all other Notes duly issued hereunder. Notwithstanding the foregoing provisions of this Section 2.07, in case any mutilated, lost, destroyed or wrongfully taken Note has become or is about to become
due and payable, the Company in its discretion may, instead of issuing a new Note, pay such Note. 
 Section 2.08. Outstanding
Notes. (a) The Notes outstanding at any time are all the Notes authenticated by the Trustee or any authenticating agent except for those canceled by it, those delivered to it for cancellation, those reductions in the interest in a Global
Note effected by the Trustee in accordance with the provisions hereof, and those described in this Section 2.08 as not outstanding. Except as set forth in Section 2.09, a Note does not cease to be outstanding because the Company or an Affiliate of
the Company holds the Note; provided that Notes held by the Company or a Subsidiary of the Company will not be deemed to be outstanding for purposes of Section 3.07. 

(b) If a Note is replaced pursuant to Section 2.07, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the
replaced Note is held by a protected purchaser, as such term is defined in Section 8-303 of the Uniform Commercial Code in effect in the State of New York. 

(c) If the principal amount of any Note is considered paid under Section 4.01, it ceases to be outstanding and interest on it ceases to accrue
from and after the date of such payment. 
 (d) If the Trustee or a Paying Agent (other than the Company, a Subsidiary or an Affiliate of
any thereof) holds, on the maturity date, any redemption date or any date of purchase pursuant to an Offer to Purchase, money sufficient to pay Notes payable or to be redeemed or purchased on that date and such Paying Agent is not prohibited from
paying such money to the Holders on that date pursuant to Article 12, then on and after that date such Notes shall be deemed to be no longer outstanding and shall cease to accrue interest. 

  
 39 

 Section 2.09. Treasury Notes. In determining whether the Holders of the requisite
principal amount of Notes have concurred in any direction, waiver or consent, Notes beneficially owned by the Company, or by any Affiliate of the Company, shall be considered as though not outstanding, except that for the purposes of determining
whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes that a Responsible Officer of the Trustee knows are so owned shall be so disregarded. Notes so owned which have been pledged in good faith shall
not be disregarded if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right to deliver any such direction, waiver or consent with respect to the Notes and that the pledgee is not the Company or any obligor upon the
Notes or any Affiliate of the Company or of such other obligor. 
 Section 2.10. Temporary Notes. Until definitive Notes are
ready for delivery, the Company may prepare and the Trustee, upon receipt of an Authentication Order, shall authenticate temporary Notes. Temporary Notes shall be substantially in the form of definitive Notes but may have variations that the
Company considers appropriate for temporary Notes and as shall be reasonably acceptable to the Trustee. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate definitive Notes in exchange for temporary
Notes. Holders and beneficial holders, as the case may be, of temporary Notes shall be entitled to all of the benefits accorded to Holders, or beneficial holders, respectively, of Notes under this Indenture. 

Section 2.11. Cancellation. The Company at any time may deliver Notes to the Trustee for cancellation. The Registrar and
Paying Agent shall forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee or, at the direction of the Trustee, the Registrar or the Paying Agent and no one else shall cancel all Notes
surrendered for registration of transfer, exchange, payment, replacement or cancellation and shall destroy cancelled Notes in accordance with its customary procedures (subject to the record retention requirement of the Exchange
Act). Certification of the cancellation of Notes shall, upon the written request of the Company, be delivered to the Company. The Company may not issue new Notes to replace Notes that it has paid or that have been delivered to the Trustee
for cancellation. 
 Section 2.12. Defaulted Interest. (a) If the Company defaults in a payment of interest on the Notes,
by acceleration or otherwise (and fails to cure such default within the grace period set forth in Section 6.01(a)(1)), or any other Event of Default shall have occurred and be continuing, the Company shall on demand from time to time pay interest on
the outstanding principal amount of the Notes up to (but not including) the date of actual payment (after as well as before judgment) thereof at a rate that is 1.00% per annum in excess of the rate specified in the Notes and in Section
4.01. The Company shall notify the Trustee in writing of the amount of defaulted interest proposed to be paid on each Note and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money
equal to the aggregate amount proposed to be paid in respect of such defaulted interest or shall make arrangements 

  
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satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such defaulted
interest as provided in this Section 2.12. The Company shall fix or cause to be fixed each such special record date and payment date; provided that no such special record date shall be less than ten days prior to the related payment date
for such defaulted interest. The Company shall promptly notify the Trustee of such special record date. At least 15 days before the special record date, the Company (or, upon the written request of the Company, the Trustee in the name and at the
expense of the Company) shall mail or deliver by electronic transmission in accordance with the applicable procedures of the Depositary, or cause to be mailed or delivered by electronic transmission in accordance with the applicable procedures of
the Depositary to each Holder a notice that states the special record date, the related payment date and the amount of such interest to be paid. 

(b) Subject to the foregoing provisions of this Section 2.12 and for greater certainty, each Note delivered under this Indenture upon
registration of transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to accrue interest, which were carried by such other Note. 

Section 2.13. CUSIP and ISIN Numbers. The Company in issuing the Notes may use CUSIP or ISIN numbers (if then generally in use)
and, if so, the Trustee shall use CUSIP or ISIN numbers in notices of redemption or exchange or in Offers to Purchase as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of
such numbers either as printed on the Notes or as contained in any notice of redemption or exchange or in Offers to Purchase and that reliance may be placed only on the other identification numbers printed on the Notes, and any such redemption or
exchange or Offer to Purchase shall not be affected by any defect in or omission of such numbers. The Company shall as promptly as practicable notify the Trustee in writing of any change in the CUSIP or ISIN numbers. 

ARTICLE 3 

REDEMPTION AND REPURCHASE 

Section 3.01. Notices to Trustee. If the Company elects to redeem Notes pursuant to Section 3.07, it shall furnish to the Trustee,
Registrar, Paying Agent and Transfer Agent no later than 45 days before notice of redemption is required to be given to Holders pursuant to Section 3.03 (unless a shorter notice shall be agreed to by the Trustee) but not more than 60 days before a
redemption date (unless in connection with a defeasance under Article 8), an Officer’s Certificate setting forth the paragraph or subparagraph of such Note or Section of this Indenture pursuant to which the redemption shall occur and such
information as is required under Section 3.03(b). 
 Section 3.02. Selection of Notes to Be Redeemed or Purchased. (a) If less
than all of the Notes are to be redeemed pursuant to Section 3.07 or purchased in an Offer to Purchase at any time, the selection of the Notes to be redeemed or purchased shall be 

  
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made as follows: (1) if the Notes are listed on any national securities exchange and the Paying Agent is notified of such listing, in compliance with the requirements of the principal national
securities exchange on which the Notes are listed or (2) if such national securities exchange has no requirement governing redemptions or if the Notes are not so listed, the Depositary shall select the Notes by lot in the case of Global Notes and
otherwise on a pro rata basis, by lot or by such other method as the Paying Agent in its sole discretion deems to be fair and appropriate. In the event of partial redemption or purchase by lot, the particular Notes to be redeemed or
purchased shall be selected, unless otherwise provided herein, not less than 30 nor more than 60 days prior to the redemption date by the Trustee from the then outstanding Notes not previously called for redemption or purchase. 

(b) The Trustee shall promptly notify the Company in writing of the Notes selected for redemption or purchase and, in the case of any Note
selected for partial redemption or purchase, the principal amount thereof to be redeemed or purchased. Notes and portions of Notes selected shall be in amounts of $1,000 or integral multiples of $1,000; provided that no Notes of $1,000 in
principal amount or less shall be redeemed in part. Except as provided in the preceding sentence, provisions of this Indenture that apply to Notes called for redemption or purchase also apply to portions of Notes called for redemption or
purchase. 
 (c) After the redemption date or purchase date, upon surrender of a Note to be redeemed or purchased in part only, a new Note
or Notes in principal amount equal to the unredeemed or unpurchased portion of the original Note, representing the same Debt to the extent not redeemed or not purchased, shall be issued in the name of the Holder of the Notes upon cancellation of the
original Note (or appropriate book entries shall be made to reflect such partial redemption). 
 Section 3.03. Notice of
Redemption. (a) Subject to Section 3.09, the Company shall mail or deliver by electronic transmission in accordance with the applicable procedures of the Depositary, or cause to be mailed (or delivered by electronic transmission in
accordance with the applicable procedures of the Depositary) notices of redemption of Notes not less than 30 days but not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed pursuant to this Article at such
Holder’s registered address or otherwise in accordance with the applicable procedures of the Depositary, except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with
Article 8 or Article 12. Except as set forth in Section 3.07(d), notices of redemption may not be conditional. 
 (b) The notice shall
identify the Notes to be redeemed (including CUSIP and ISIN number, if applicable) and shall state: 
 (1) the redemption
date; 

  
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 (2) the redemption price, including the portion thereof representing any accrued
and unpaid interest; provided that in connection with a redemption under Section 3.07(a), the notice need not set forth the redemption price but only the manner of calculation thereof; 

(3) if any Note is to be redeemed in part only, the portion of the principal amount of that Note that is to be redeemed; 

(4) the name and address of the Paying Agent; 

(5) that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price; 

(6) that, unless the Company defaults in making such redemption payment or the Paying Agent is prohibited from making such
payment pursuant to the terms of this Indenture, interest on Notes called for redemption ceases to accrue on and after the redemption date; 

(7) the paragraph or subparagraph of the Notes or Section of this Indenture pursuant to which the Notes called for redemption
are being redeemed; 
 (8) that no representation is made as to the correctness or accuracy of the CUSIP or ISIN number, if
any, listed in such notice or printed on the Notes; and 
 (9) if applicable, any condition to such redemption. 

(c) At the Company’s request, the Trustee shall give the notice of redemption in the Company’s name and at the Company’s
expense; provided that the Company shall have delivered to the Trustee, at least 45 days before notice of redemption is required to be sent or caused to be sent to Holders pursuant to this Section 3.03 (unless a shorter notice shall be agreed
to by the Trustee), an Officer’s Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in (b). 

Section 3.04. Effect of Notice of Redemption. Once notice of redemption is given in accordance with Section 3.03, Notes called for
redemption become irrevocably due and payable on the redemption date at the redemption price (except as provided for in Section 3.07(e)). The notice, if mailed or delivered by electronic transmission in a manner herein provided, shall be
conclusively presumed to have been given, whether or not the Holder receives such notice. In any case, failure to give such notice or any defect in the notice to the Holder of any Note designated for redemption in whole or in part shall not
affect the validity of the proceedings for the redemption of any other Note. Subject to Section 3.05, on and after the redemption date, interest ceases to accrue on Notes or portions of Notes called for redemption. 

  
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 Section 3.05. Deposit of Redemption or Purchase Price. (a) No later than 10:00 a.m.
(New York City time) on the redemption or purchase date, the Company shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued and unpaid interest on all Notes to be redeemed or
purchased on that date. If a Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall be paid to the Holder of record on such Record Date. The
Paying Agent shall promptly send to each Holder whose Notes are to be redeemed or repurchased the applicable redemption or purchase price thereof and accrued and unpaid interest thereon via wire transfer of immediately available funds to the
accounts specified by such Holders thereof. The Trustee or the Paying Agent shall promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption or
purchase price of, and accrued and unpaid interest on, all Notes to be redeemed or purchased. 
 (b) If the Company complies with the
provisions of Section 3.05(a), on and after the redemption or purchase date, interest shall cease to accrue on the Notes or the portions of Notes called for redemption or purchase. If a Note is redeemed or purchased on or after a Record Date
but on or prior to the related Interest Payment Date, then any accrued and unpaid interest to the redemption or purchase date in respect of such Note will be paid on such redemption or purchase date to the Person in whose name such Note is
registered at the close of business on such Record Date. If any Note called for redemption or purchase shall not be so paid upon surrender for redemption or purchase because of the failure of the Company to comply with Section 3.05(a), interest
shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and, to the extent lawful, on any interest accrued to the redemption or purchase date not paid on such unpaid principal, in each case at the
rate provided in the Notes and in Section 4.01. 
 Section 3.06. Notes Redeemed or Purchased in Part. Upon surrender of a Note
that is redeemed or purchased in part, the Company shall issue and, upon receipt of an Authentication Order, the Trustee shall promptly authenticate and mail to the Holder (or make appropriate adjustments to the amount and beneficial interests in
any Global Note) at the expense of the Company a new Note equal in principal amount to the unredeemed or unpurchased portion of the Note surrendered representing the same Debt to the extent not redeemed or purchased; provided that each new
Note shall be in a principal amount of $1,000 or an integral multiple of $1,000 in excess thereof. It is understood that, notwithstanding anything in this Indenture to the contrary, only an Authentication Order and not an Opinion of Counsel or
Officer’s Certificate is required for the Trustee to authenticate such new Note. 
 Section 3.07. Optional Redemption. (a)
At any time prior to December 1, 2018, the Company may on any one or more occasions redeem the Notes, at its option, in whole or in part, upon notice pursuant to Section 3.03 at a redemption price as calculated by the

  
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Company equal to 100% of the outstanding principal amount of such Notes, plus the Applicable Premium plus accrued and unpaid interest to, but excluding, the redemption date (subject to the right
of Holders of record on the relevant Record Date to receive interest due on the relevant redemption date). Promptly after the determination thereof, the Company shall give the Trustee notice of the redemption price provided for in this Section
3.07(a), and the Trustee shall not be responsible for such calculation. 
 (b) Except pursuant to clause (a) of this Section 3.07, the Notes
shall not be redeemable at the Company’s option prior to December 1, 2018. 
 (c) On and after December 1, 2018, the Company may on any
one or more occasions redeem the Notes, at its option, in whole or in part, upon notice pursuant to Section 3.03 at a redemption price equal to 100.0% of the outstanding principal amount of the Notes to be redeemed, plus accrued and unpaid interest
to, but excluding, the redemption date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant redemption date). 

(d) Any redemption pursuant to this Section 3.07 shall be made pursuant to the provisions of Sections 3.01 through 3.06. 

(e) Notice of any redemption of the Notes in connection with a corporate transaction (including, without limitation, a Change of Control) may,
at the Company’s discretion, be given prior to the completion thereof and any such redemption or notice may, at the Company’s discretion, be subject to one or more conditions precedent, including, but not limited to, completion of the
related transaction. If such redemption or purchase is so subject to satisfaction of one or more conditions precedent, the related notice shall describe each such condition, and if applicable, shall state that, in the Company’s discretion,
the redemption date may be delayed until such time as any or all such conditions shall be satisfied or waived (provided, that in no event shall such redemption date be delayed to a date later than 60 days after the date on which such notice was
sent), or such redemption or purchase may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied or waived by the redemption date, or by the redemption date as so delayed. In
addition, the Company may designate at its option and provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person; provided
that any call for redemption by such Person be treated as if such call was made by the Company. 
 Section 3.08. Mandatory
Redemption; Open Market Purchases. The Company will not be required to make mandatory redemption or sinking fund payments with respect to the Notes. 

The Company or its Affiliates may at any time purchase Notes in the open market or otherwise at any price, subject to the provisions of this
Indenture. Any such purchased Notes will not be resold, except in compliance with applicable requirements or exemptions under the relevant securities laws. 

  
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 Section 3.09. Offers to Repurchase by Application of Net Cash Proceeds. (a) In the
event that, pursuant to Section 4.16, the Company is required to commence an Asset Sale Offer, the Company must, within 30 days, make such Asset Sale Offer to purchase Notes using the Net Cash Proceeds received from such Asset Sale as follows: 

(A) If following such Asset Sale, total Net Cash Proceeds received from all Asset Sales since the Issue Date do not exceed
$500.0 million, then such Asset Sale Offer shall be for 50% of the Net Cash Proceeds from such Asset Sale; 
 (B) If
following such Asset Sale, total Net Cash Proceeds received from Asset Sales since the Issue Date exceeds $500.0 million but not $1.0 billion, then such Asset Sale Offer shall be for the sum of: (i) 50% of any portion of Net Cash Proceeds from such
Asset Sale that, when taken together with total Net Cash Proceeds received from Asset Sales since the Issue Date, does not exceed $500.0 million and (ii) 10% of any portion of the incremental Net Cash Proceeds from such Asset Sale (after taking into
consideration such portion of Net Cash Proceeds from such Asset Sale described in clause (i) above); or 
 (C) If following
such Asset Sale, total Net Cash Proceeds received from Asset Sales since the Issue Date exceeds $1.0 billion, then such Asset Sale Offer shall be for the sum of: (i) 50% of any portion of Net Cash Proceeds from such Asset Sale that, when taken
together with total Net Cash Proceeds received from Asset Sales since the Issue Date, does not exceed $500.0 million, (ii) 10% of any portion of the incremental Net Cash Proceeds from such Asset Sale that, when taken together with total Net Cash
Proceeds received from Asset Sales since the Issue Date (including such portion of Net Cash Proceeds from such Asset Sale described in clause (i) above), exceeds $500.0 million but not $1.0 billion, and (iii) 50% of any portion of the incremental
Net Cash Proceeds (after taking into consideration such portions of Net Cash Proceeds from such Asset Sale described in clauses (i) and (ii) above) from such Asset Sale, 

provided, that in no event shall the total sum paid to Holders of the Notes in any Asset Sale Offer pursuant to this
(a) be required to be greater than $400.0 million (the “Asset Sale Cap”). The sum of Net Cash Proceeds set forth above, subject to the Asset Sale Cap, is referred to herein as the “Asset Sale Offer
Amount.” Within 15 days following the consummation of any Asset Sale, the Company shall deliver a notice to the Holders specifying the amount of Net Cash Proceeds received. To the extent such notice is not provided within such 15
day 

  
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period but is subsequently provided, the Company shall be deemed to have complied with its obligations to provide such notice at such time and any Default with respect thereto shall be deemed to
be cured. 
 The purchase price for a Note in any Asset Sale Offer will be 102% of the principal amount, plus accrued and unpaid interest to
the date of purchase. If the Offer to Purchase is for less than all of the outstanding Notes and Notes in an aggregate principal amount in excess of the purchase amount are tendered and not withdrawn pursuant to the offer, the Company will
purchase Notes having an aggregate principal amount equal to the purchase amount on a pro rata basis, with adjustments so that only Notes in multiples of U.S.$1,000 principal amount will be purchased; provided that after a purchase from a holder in
part, such holder shall hold U.S.$1,000 in principal amount of notes or a multiple of U.S.$1,000 in excess thereof. 
 (b) The Asset Sale
Offer will remain open for a period of 20 Business Days following its commencement, except to the extent that a longer period is required by applicable law (the “Asset Sale Offer Period”). No later than 30 days after the
termination of the Asset Sale Offer Period (the “Asset Sale Purchase Date”), the Company will offer all Net Cash Proceeds remaining following its application pursuant to Section 3.09(a), subject to the Asset Sale Cap, to purchase
Second Lien Debt, if any (on a pro rata basis, if applicable) as required and in accordance with the procedures set forth in the Second Lien Debt Documents. Payment for any Notes so purchased will be made in the same manner as interest
payments on the Notes are made. 
 (c) If the Asset Sale Purchase Date is on or after a Record Date and on or before the related Interest
Payment Date, any accrued and unpaid interest up to but excluding the Asset Sale Purchase Date, shall be paid to the Person in whose name a Note is registered at the close of business on such Record Date. 

(d) Upon the commencement of an Asset Sale Offer, the Company shall mail a notice to each of the Holders or otherwise deliver such notice in
accordance with the applicable procedures of the Depositary, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset
Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: 

(1) that an Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.16 and the expiration time of the Asset
Sale Period; 
 (2) the Asset Sale Offer Amount, the purchase price, including the portion thereof representing any accrued
and unpaid interest, the Asset Sale Purchase Date and the aggregate amount of Net Cash Proceeds received by the Company or any of its Restricted Subsidiaries since the Issue Date; 

  
 47 

 (3) that Notes must be tendered in integral multiples of $1,000 (subject to
clause (8) below), and any Note not properly tendered will remain outstanding and will continue to accrue interest; 
 (4)
that, unless the Company defaults in making the payment, any Note accepted for payment pursuant to the Asset Sale Offer will cease to accrue interest on and after the Asset Sale Purchase Date; 

(5) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note,
with the form entitled “Option of Holder to Elect Purchase” attached to such Note completed, the Paying Agent specified in the notice at the address specified in the notice prior to the close of business on the third Business Day
preceding the Asset Sale Purchase Date; 
 (6) that Holders shall be entitled to withdraw their election if the Company, the
Depositary or the Paying Agent, as the case may be, receives at the address specified in the notice, not later than the expiration of the Asset Sale Offer Period, a telegram, facsimile transmission or letter setting forth the name of the Holder, the
principal amount of the Notes the Holder tendered for purchase and a statement that such Holder is withdrawing its tendered Notes and its election to have such Note purchased; 

(7) that, if the aggregate principal amount of Notes surrendered by the holders thereof exceeds the Asset Sale Offer Amount,
then the selection of the Notes for purchase shall be made as follows: (1) if the Notes are listed on any national securities exchange and the Paying Agent is notified of such listing, in compliance with the requirements of the principal national
securities exchange on which the Notes are listed or (2) if such national securities exchange has no requirement governing redemptions or purchases or if the Notes are not so listed, the Depositary shall select the Notes by lot in the case of Global
Notes and otherwise on a pro rata basis, by lot or by such other method as the Paying Agent in its sole discretion deems to be fair and appropriate, although no Note having a minimum principal amount of $1,000 shall be purchased in part; 

(8) that Holders whose Notes were purchased only in part will be issued new Notes equal in principal amount to the unpurchased
portion of the Notes surrendered (the unpurchased portion of the Notes must be equal to $1,000 or an integral multiple of $1,000 in excess thereof); 

(9) that any Net Cash Proceeds in excess of the Asset Sale Offer Amount or not applied to purchase the Notes pursuant to this
Asset Sale Offer will be offered to purchase Second Lien Debt, if any, in accordance with the Second Lien Debt Documents; and 

(10) the other procedures, as determined by the Company, consistent with this Section 3.09 that a Holder must follow. 

  
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 (e) On or before the Asset Sale Purchase Date, the Company will, to the extent lawful, accept for
payment, on a pro rata basis to the extent necessary or as otherwise provided in Section 4.16(a)(3), the Asset Sale Offer Amount of Notes or portions thereof validly tendered and not properly withdrawn pursuant to the Asset Sale Offer, or, if
less than the Asset Sale Offer Amount has been validly tendered and not properly withdrawn, all Notes so tendered, in the case of the Notes, in whole number multiples of $1,000; provided that if, following repurchase of a portion of a Note,
the remaining principal amount of such Note outstanding immediately after such repurchase would be less than $1,000, then the portion of such Note so repurchased shall be reduced so that the remaining principal amount of such Note outstanding
immediately after such repurchase is $1,000. The Company will deliver, or cause to be delivered, to the Trustee the Notes so accepted and an Officer’s Certificate stating the aggregate principal amount of Notes or portions thereof so
accepted and that such Notes or portions thereof were accepted for payment by the Company in accordance with the terms of this Section 3.09. 

(f) The Company (or its paying agent) will promptly, but in no event later than five Business Days after termination of the Asset Sale Offer
Period, distribute to each tendering Holder an amount equal to the purchase price of the Notes so validly tendered and not properly withdrawn by such holder or lender, as the case may be, and accepted by the Company for purchase, and the Company
will promptly issue a new Note, and the Trustee, upon receipt of an Authentication Order, will authenticate and mail or deliver (or cause to be transferred by book-entry) such new Note to such Holder (it being understood that, notwithstanding
anything in this Indenture to the contrary, no Opinion of Counsel or Officer’s Certificate is required for the Trustee to authenticate and mail or deliver such new Note) in a principal amount equal to any unpurchased portion of the Note
surrendered; provided that each such new Note will be in a minimum principal amount of $1,000 or an integral multiple of $1,000 in excess thereof. Any Note not so accepted will be promptly mailed or delivered by the Company to the Holder
thereof. The Company will publicly announce the results of the Asset Sale Offer on or as soon as practicable after the Asset Sale Purchase Date. 

(g) The Company will comply with Rule 14e-1 under the Exchange Act (to the extent applicable) and all other applicable laws or regulations in
connection with the repurchase of Notes pursuant to an Asset Sale Offer, and the procedures related to an Asset Sale Offer contained in this Indenture will be modified as necessary to permit such compliance. To the extent that the provisions of
any securities laws or regulations conflict with the provisions of this Indenture, the Company will comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under this Indenture by virtue
thereof. 

  
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 ARTICLE 4 

COVENANTS 
 Section
4.01. Payment of Notes. (a) The Company will pay, or cause to be paid, the principal, premium, if any, and interest on the Notes on the dates and in the manner provided in the Notes. Principal, premium, if any, and interest shall be
considered paid on the date due if the Paying Agent, if other than the Company or a Subsidiary, holds as of 10:00 a.m. (New York City) time, on the due date money deposited by the Company in immediately available funds and designated for and
sufficient to pay the principal, premium, if any, and interest then due and the Paying Agent is not prohibited from paying such money to the Holders on that date pursuant to Article 12. 

(b) The Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and
premium, if any, at the rate equal to the then applicable interest rate on the Notes to the extent lawful; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest
(without regard to any applicable grace period) at the same rate to the extent lawful. 
 Section 4.02. Maintenance of Office or
Agency. The Company shall maintain an office or agency (which may be an office of the Trustee or an affiliate of the Trustee, Registrar or co-registrar) where Notes may be surrendered for registration of transfer or for exchange and where
notices and demands to or upon the Company and the Guarantors in respect of the Notes and this Indenture may be served. The Company shall give prompt written notice to the Trustee of the location, and any change in the location, of such office
or agency. 
 The Company may also from time to time designate additional offices or agencies where the Notes may be presented or
surrendered for any or all such purposes and may from time to time rescind such designations. The Company shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other
office or agency. 
 The Company hereby designates the Corporate Trust Office of the Trustee as one such office or agency of the Company
with respect to the presentment or surrender of Notes in accordance with Section 2.03. 
 Section 4.03. Taxes. The Company shall
pay, and shall cause each of its Restricted Subsidiaries to pay, prior to delinquency, all taxes, assessments and governmental levies except (a) such as are being contested in good faith and by appropriate negotiations or proceedings or (b) where
the failure to effect such payment would not have a material adverse effect (1) upon the financial condition, business or results of operations of the Company and its Restricted Subsidiaries and (2) on the ability of the Company and its Restricted
Subsidiaries to perform their respective obligations under the Notes or this Indenture. 

  
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 Section 4.04. Stay, Extension and Usury Laws. The Company and each Guarantor
covenants (to the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time
hereafter in force, that may affect the covenants or the performance of this Indenture; and the Company and each Guarantor (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenant that
it shall not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but shall suffer and permit the execution of every such power as though no such law has been enacted. 

Section 4.05. Corporate Existence. Subject to Article 5, the Company shall do or cause to be done all things necessary to preserve
and keep in full force and effect (1) its corporate existence and the corporate, partnership, limited liability company or other existence of each of its Restricted Subsidiaries, in accordance with the respective organizational documents (as the
same may be amended from time to time) of the Company or any such Restricted Subsidiary and (2) the rights (charter and statutory), licenses and franchises of the Company and its Restricted Subsidiaries; provided that the Company shall not be
required to preserve any such right, license or franchise, or the corporate, partnership, limited liability company or other existence of any of its Restricted Subsidiaries, if the Company in good faith shall determine that the preservation thereof
is no longer desirable in the conduct of the business of the Company and its Restricted Subsidiaries, taken as a whole. 
 Section 4.06.
Reporting Requirements. (a) Whether or not required by the SEC, so long as any Notes are outstanding, the Company will file with the SEC for public availability within the time periods specified in the SEC’s rules and regulations
taking into account any extension of time, deemed filing date or safe harbor contemplated or provided for by Rule 12b-25, under the Exchange Act, and successor provision (unless the SEC will not accept such a filing, in which case the Company will
furnish to the Trustee and, upon its prior request, to any Holder, within the time periods specified in the SEC’s rules and regulations): 

(1) quarterly reports on Form 10-Q and annual reports on Form 10-K, or any successor or comparable forms, containing all the
information that would be required to be contained therein if the Company were required to file such reports, or required in such successor or comparable form; and 

(2) all current reports on Form 8-K, or any successor or comparable form, that would be required to be filed with the SEC on
Form 8-K if the Company were required to file such reports. 

  
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 (b) For so long as any Notes remain outstanding and are “restricted securities” within
the meaning of Rule 144(a)(3), if at any time the Company and the Guarantors are not required to file the reports required by the preceding paragraphs with the SEC, they will furnish to the Holders and to securities analysts and prospective
investors in the Notes, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act. The Company will be deemed to have provided such information to the holders of the Notes, securities
analysts and prospective holders of the Notes if it has filed reports containing such information with the SEC via the EDGAR filing system and such reports are publicly available. 

(c) In the event that 
 any
direct or indirect parent of the Company becomes a Guarantor of the Notes, such consolidated reporting at such parent entity’s level in a manner consistent with that described in this Section 4.06 for the Company will satisfy this covenant;
provided that, such financial information is accompanied by consolidating information that explains in reasonable detail the differences between the information relating to such direct or indirect parent and any of its Subsidiaries other than
the Company and its Subsidiaries, on the one hand, and the information relating to the Company and its Subsidiaries on a standalone basis, on the other hand. 

(d) If the Company has designated any of its Subsidiaries as an Unrestricted Subsidiary (other than Unrestricted Subsidiaries that, when taken
together with all other Unrestricted Subsidiaries, are “minor” within the meaning of Rule 3-10 of Regulation S-X), then the annual and quarterly information required by Section 4.06(a)(1) shall include a reasonably detailed presentation of
the financial condition and results of operation) of such Unrestricted Subsidiaries as a group in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section. 

Section 4.07. Compliance Certificate. (a) The Company and each Guarantor will deliver to the Trustee, within 120 days after the
end of each fiscal year ending after the Issue Date, a certificate from an Officer (which must be the Chief Executive Officer, Chief Financial Officer or Chief Accounting Officer) stating that a review of the activities of the Company and its
Restricted Subsidiaries during the preceding fiscal year has been made under the supervision of the signing officer with a view to determining whether the Company and each Guarantor have kept, observed, performed and fulfilled their obligations
under this Indenture, and further stating, as to such officer signing such certificate, that to the best of his or her knowledge, the Company and each Guarantor have kept, observed, performed and fulfilled each and every condition and covenant
contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions, covenants and conditions of this Indenture (or, if a Default shall have occurred, describing all such Defaults of which he or she may
have knowledge and what action the Company and each Guarantor are taking or propose to take with respect thereto). 

  
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 (b) When any Default has occurred and is continuing under this Indenture, or if the Trustee or
the holder of any other evidence of Debt of the Company or any Subsidiary gives any notice or takes any other action with respect to a claimed Default, the Company will promptly (which shall be within five Business Days following the date on which
the Company becomes aware of such Default, receives notice of such Default or becomes aware of such action, as applicable) send to the Trustee an Officer’s Certificate specifying such event, its status and what action the Company is taking or
proposes to take with respect thereof. 
 Section 4.08. Limitation on Restricted Payments. (a) The Company will not, and will
not permit any Restricted Subsidiary to, directly or indirectly (the payments and other actions described in the following clauses being collectively “Restricted Payments”): 

(1) declare or pay any dividend or make any distribution on the Company’s or any of its Restricted Subsidiaries’
Equity Interests (including, without limitation, any payment in connection with any merger or consolidation involving the Company or any Restricted Subsidiaries) or to the direct or indirect holders of the Company’s or any of its Restricted
Subsidiaries’ Equity Interests in their capacity as such, (other than (A) dividends or distributions paid in the Company’s Qualified Equity Interests and (B) dividends or distributions by a Restricted Subsidiary payable, on a pro rata
basis or on a basis more favorable to the Company, to all holders of any class of Capital Stock of such Restricted Subsidiary a majority of which is held, directly or indirectly, by the Company); 

(2) purchase, redeem or otherwise acquire or retire for value (including, without limitation, any payment in connection with
any merger or consolidation involving the Company or any Restricted Subsidiaries) any Equity Interests of the Company; 

(3) make any payment on or with respect to, or repay, redeem, repurchase, defease or otherwise acquire or retire for value,
prior to scheduled maturity, scheduled repayment or scheduled sinking fund payment on or with respect to any unsecured Debt, Subordinated Debt or Junior Lien Debt (including, without limitation, the Second Lien Debt), except (A) a payment of
interest on or after the date when due and (B) a repayment, redemption, repurchase, defeasance or acquisition or retirement in anticipation of Stated Maturity, due within three months of the date of such repayment, redemption, repurchase, defeasance
or acquisition or retirement; or 
 (4) make any Investment (other than Permitted Investments). 

  
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 (b) The provisions of Section 4.08(a) will not prohibit: 

(1) the payment of any dividend or distribution (including in the form of interest on shareholders’ equity) within 60
days after the date of declaration thereof if, at the date of declaration, such dividend or distribution would comply with Section 4.08(a); 

(2) the repayment, redemption, repurchase, defeasance or other acquisition or retirement for value of unsecured Debt or
Subordinated Debt owed to the Company or any of its Restricted Subsidiaries, the Incurrence of which was permitted under Section 4.09(c); 

(3) the repayment, redemption, repurchase, defeasance or other acquisition or retirement for value of unsecured Debt,
Subordinated Debt or Junior Lien Debt with the proceeds of, or in exchange for, a substantially concurrent issuance of Permitted Refinancing Debt that complies with Section 4.10; 

(4) any Restricted Payment made in exchange for, or out of the net cash proceeds of a substantially concurrent sale (other
than to a Subsidiary) of, Qualified Equity Interests of the Company (other than Disqualified Stock) or from a substantially concurrent cash contribution to the common equity of the Company not representing an interest in Disqualified Stock; 

(5) repurchases of Equity Interests of the Company deemed to occur upon exercise of warrants, options or rights to acquire
Equity Interests if such Equity Interests represent a portion of the exercise price of such warrants, options or rights or nominal cash payments (or related withholding taxes) in lieu of issuances of fractional shares; 

(6) the payment of dividends, distributions or other amounts to fund the repurchase, redemption or other acquisition or
retirement for value of any of the Company’s Equity Interests or any Equity Interests of any of its Restricted Subsidiaries held by any then-existing or former director, officer, employee, independent contractor or consultant of the Company or
any of its Restricted Subsidiaries or their respective assigns, estates or heirs; provided, however, that the price paid for all repurchased, redeemed, acquired or retired Equity Interests in all cases, does not exceed U.S.$5.0 million in the
aggregate in any fiscal year (with unused amounts in any fiscal year being carried over to succeeding fiscal years subject to a maximum payment of U.S.$7.5 million in any calendar year); provided, further, that the amounts in any fiscal year
may be increased by an amount not to exceed the cash proceeds of “key man” life insurance policies received by the Company or any of its Restricted Subsidiaries since the Issue Date; 

  
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 (7) (a) repurchases of unsecured Debt, Subordinated Debt or Junior Lien Debt at
a purchase price not greater than (i) 101% of the principal amount or accreted value, as applicable, of such unsecured Debt, Subordinated Debt or Junior Lien Debt and accrued and unpaid interest thereon in the event of a Change of Control or (ii)
100% of the principal amount or accreted value, as applicable, of such unsecured Debt, Subordinated Debt or Junior Lien Debt (including, without limitation, repurchases of Second Lien Debt pursuant to Section 4.16) and accrued and unpaid interest
thereon, in the event of an Asset Sale, in connection with any change of control offer or asset sale offer required by the terms of such unsecured Debt, Subordinated Debt or Junior Lien Debt, or (b) any repayment, redemption, repurchase, defeasance
or other acquisition or retirement of the Existing Notes with Retained Asset Sale Proceeds in accordance with Section 4.16, but in any case only if: (A) in the case of a Change of Control, the Company has first made and consummated an Offer to
Purchase and complied with and fully satisfied its obligations with respect thereto pursuant to Section 4.15; or (B) in the case of an Asset Sale, the Company has first made and consummated an Offer to Purchase and complied with and fully
satisfied its obligations with respect thereto pursuant to Section 4.16 and, prior to any repayment, redemption, repurchase, defeasance or other acquisition or retirement of the Existing Notes pursuant to clause (b) above, at least U.S. $400.0
million aggregate principal amount of Notes have been repaid, redeemed, repurchased, defeased or otherwise acquired or retired since the Issue Date; 

(8) Payments of dividends on Disqualified Stock issued pursuant to Section 4.09(a) or (b); 

(9) the defeasance, repurchase, redemption or other acquisition or retirement for value of (a) any Equity Interests of the
Company or any Restricted Subsidiary of the Company held by any current or former officers, directors or employees of the Company or any of its Restricted Subsidiaries in connection with the exercise or vesting of any equity compensation (including,
without limitation, stock options, restricted stock, restricted stock units and phantom stock) in order to satisfy any tax withholding obligation with respect to such exercise or vesting or (b) to the extent otherwise constituting a Restricted
Payment, any rights under any cash and/or equity-settled equity stock appreciation agreement or plan of the Company or any Restricted Subsidiary; 

(10) other Restricted Payments in an aggregate amount not to exceed U.S.$10.0 million; 

(11) [Reserved.]; 

(12) Restricted Payments by the Company and its Restricted Subsidiaries pursuant to the Permitted Intercompany Activities;

  
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 (13) the repurchase of Existing Notes in an aggregate amount not to exceed
$350.0 million since the Issue Date, in one or more transactions, by way of an exchange for Second Lien Debt incurred pursuant to Section 4.10(b)(7), provided that the exchange ratio for such Existing Notes shall not exceed (i) in the case of 2019
Notes to be exchanged, 84.5% of the aggregate principal amount of such 2019 Notes to exchanged, and (ii) in the case of 2024 Notes to be exchanged, 66.5% of the aggregate principal amount of such 2024 Notes to be exchanged; and 

(14) the repurchase of Existing Notes in one or more transactions, either by way of (i) a repurchase for cash using the net
proceeds of a substantially concurrent issuance of unsecured Debt or Junior Lien Debt (other than Second Lien Debt), or (ii) an exchange for unsecured Debt or Junior Lien Debt (other than Second Lien Debt), in each case incurred in compliance with
Section 4.09 and Section 4.10. 
 provided, further, that, in the case of clauses (2), (6), (8), (10), (13) and (14), no Default or Event of Default
has occurred and is continuing or would occur as a result thereof. 
 Section 4.09. Limitation on Debt and Disqualified
Stock. (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, Incur any unsecured Debt, Junior Lien Debt (other than Second Lien Debt) or Disqualified Stock constituting an extension or renewal of, replacement
of, or substitution for, or issued in exchange for, or the net proceeds of which are used to repay, redeem, repurchase, refinance or refund, including by way of defeasance (all, for the purpose of this Section 4.09, “refinance”) then
outstanding Existing Notes if: 
 (1) the new Debt or Disqualified Stock has a Stated Maturity prior to the Stated Maturity
of the Existing Notes, or 
 (2) the new Debt or Disqualified Stock bears interest (or provides for dividends) payable in
cash at a rate exceeding 12% per annum. 
 Any intercompany liabilities of the Company and its Restricted Subsidiaries shall be expressly subordinated in
right of payment to the Notes. 
 (b) The Company will not permit any of its Restricted Subsidiaries that is not a Guarantor to Incur or
suffer to exist any Debt or Disqualified Stock, or any refinancings thereof, in an aggregate principal amount in excess of U.S. $25.0 million at any one time outstanding. 

(c) Notwithstanding the foregoing, the Company or any Restricted Subsidiary may Incur the following (“Permitted Debt”): 

(1) Debt of the Company or a Restricted Subsidiary so long as such Debt is owed to the Company or a Restricted Subsidiary and
which, if the obligor is the Company or a Guarantor, is expressly subordinated in right of payment to the Notes or the Note Guarantees, as applicable; provided, however, that if such Debt is owed to a Restricted Subsidiary that is not a
Guarantor such Debt shall be unsecured and expressly subordinated in right of payment to the Notes; 

  
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 (2) Permitted Refinancing Debt of Restricted Subsidiaries that are not
Guarantors; 
 (3) [Reserved.]; 

(4) Debt of the Company or any Restricted Subsidiary in respect of performance bonds, customs, reimbursement obligations,
letters of credit, bankers’ acceptances, deposits, promissory notes, self-insurance obligations, completion guarantees and bid, surety or appeal bonds provided in the ordinary course of business; 

(5) Debt of the Company represented by the Existing Notes; 

(6) Debt represented by guarantees of pension fund obligations of the Company or any Restricted Subsidiary required by law or
regulation; 
 (7) Debt of the Company or any Restricted Subsidiary Incurred through the provision of bonds, guarantees,
letters of credit or similar instruments required by any maritime commission or authority or other governmental or regulatory agencies, including, without limitation, customs authorities; in each case, for vessels owned or chartered by, and in the
ordinary course of business of, the Company or any of its Restricted Subsidiaries at any time outstanding not to exceed the amount required by such governmental or regulatory authority; 

(8) Debt in connection with treasury, depository, overdraft protections, cash pooling or other cash management arrangements of
the Company or any Restricted Subsidiary in place with a bank or financial institution but only to the extent of offsetting credit balances of the Company or any of its Restricted Subsidiaries pursuant to such arrangements; 

(9) Debt of the Company or any Restricted Subsidiary to the extent that the net proceeds thereof are promptly deposited to
defease or to satisfy and discharge the Notes in accordance with this Indenture; 
 (10) Debt of the Company or any of its
Restricted Subsidiaries for taxes levied, assessments due and other governmental charges required to be paid as a matter of law or regulation in the ordinary course of business; 

  
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 (11) Guarantees by the Company or any Guarantor of Debt permitted to be Incurred
pursuant to this Section 4.09(c); 
 (12) Debt of the Company or any Restricted Subsidiary in respect of (i) self-insurance
obligations or captive insurance companies or consisting of the financing of insurance premiums or (ii) take-or-pay obligations contained in supply agreements in the ordinary course of business; 

(13) Debt of the Company or any Restricted Subsidiary with respect to reimbursement type obligations regarding worker’s
compensation claims and Debt and other obligations in respect of deferred compensation of employees Incurred in the ordinary course of business; 

(14) Debt of the Company or any Restricted Subsidiary in the form of customer deposits and advance payments received in the
ordinary course of business from customers for purchases in the ordinary course of business; and 
 (15) Debt of the Company
or any Restricted Subsidiary consisting of Capitalized Lease Obligations and Purchase Money Obligations; provided, however, that such Debt exists at the date of such purchase, lease or improvement, or is created within 270 days
thereafter (for the avoidance of doubt, the purchase date for any asset shall be the later of the date of completion of construction or installation and the beginning of the full productive use of such asset); 

(d) Notwithstanding anything to the contrary in this Section 4.09, the maximum amount of Debt that the Company and its Restricted Subsidiaries
may Incur pursuant to this Section 4.09 shall not be deemed to be exceeded, with respect to any outstanding Debt, solely as a result of fluctuations in the exchange rate of currencies or change in accounting policies or practices. 

(e) The Company or Restricted Subsidiaries (i) may not Incur or suffer to exist any Debt that is subordinate in right of payment to other Debt
of the Company unless such Debt is also subordinate in right of payment to the Notes or the relevant guarantee on substantially identical term, (ii) will not and will not permit any of its Restricted Subsidiaries, to directly or indirectly Incur, or
suffer to exist any Debt that is secured by any Liens that have any form of contractual subordinated Lien priority with respect to the Liens securing such other Debt of the Issuer or any of the Restricted Subsidiaries (other than the Junior Lien
Debt), (iii) will not and will not permit any of its Restricted Subsidiaries, to directly or indirectly Incur, or suffer to exist any Debt (other than the Notes or any Junior Lien Debt) secured by a common Lien with other Debt, subject to a
contractual payment waterfall or similar arrangement whereby one item of Debt has priority over the other in its rights to receive proceeds of Collateral covered by such common Lien; provided, however, that for purposes of clause (i), no Debt
will be deemed to be subordinated in right of payment to any other Debt of the Company solely by virtue of being unsecured, by virtue of being secured with different collateral or by virtue of being secured on a junior priority basis. 

  
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 (f) The accrual of interest, the accretion or amortization of original issue discount, the
payment of regularly scheduled interest in the form of additional Debt of the same instrument or the payment of regularly scheduled dividends on Disqualified Stock in the form of additional Disqualified Stock with the same terms will not be deemed
to be an Incurrence of Debt for purposes of this Section 4.09. 
 (g) For purposes of determining compliance with any U.S.
dollar-denominated restriction on the Incurrence of Debt, the U.S. dollar-equivalent principal amount of Debt denominated in a non-U.S. currency will be calculated based on the relevant currency exchange rate in effect on the date such Debt was
Incurred or, in the case of revolving credit Debt, first committed; provided that if such Debt is Incurred to refinance other Debt denominated in a non-U.S. currency, and such refinancing would cause the applicable U.S. dollar-denominated
restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated restriction will be deemed not to have been exceeded so long as the principal amount of such Debt
does not exceed the principal amount of such Debt being refinanced. The principal amount of any Debt Incurred to refinance other Debt, if Incurred in a different currency from the Debt being refinanced, will be calculated based on the currency
exchange rate applicable to the currencies in which such Debt is denominated that is in effect on the date of such refinancing. 
 (h) Upon
written request and the receipt of an Officer’s Certificate and Opinion of Counsel stating that any joinder, amendment or supplement is authorized or permitted under this Indenture and the Security Documents and that all conditions precedent
thereto have been satisfied, to the extent it is necessary to amend or supplement the Security Documents to provide for any Incurrence of Debt permitted by this Indenture, the Trustee or Collateral Agent is hereby expressly authorized and directed
to enter any such amendments or supplements on behalf of the Holders. 
 Section 4.10. Limitation on Liens. (a) The Company will
not, and will not permit any Restricted Subsidiary to, create or suffer to exist any Lien on any asset or property of the Company or any Restricted Subsidiary, other than Permitted Liens. No Liens securing Debt for borrowed money shall be
permitted to be Incurred on any Excluded Real Property. 
 (b) Section 4.10(a) will not apply to Liens consisting of the following
(“Permitted Liens”): 
 (1) any Lien in existence on the Issue Date (provided that this clause (1) shall
not apply to Liens securing Debt for borrowed money other than Liens securing Second Lien Notes issued on the Issue Date) and any extension, renewal or replacement thereof or of any Lien in clause (7) below; provided, however, that

  
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the total amount of Debt so secured is not increased as a result thereof plus any fees and expenses in connection with such extension, renewal or replacement and the Lien shall be limited to all
or part of the same property that secured the original Lien (together with improvements and accessions to such property); 

(2) Liens securing Debt owed by any Restricted Subsidiary of the Company solely to the Company or one or more Restricted
Subsidiaries and/or by the Company to one or more such Restricted Subsidiaries; 
 (3) Liens securing obligations under or
with respect to Debt Incurred pursuant to clauses (2) or (11) of Section 4.09(c); provided that (a) Liens securing obligations relating to any Debt permitted to be Incurred pursuant to clause (2) relate only to obligations relating to
Permitted Refinancing Debt that (x) is secured by Liens on the same assets as the assets securing the Permitted Refinancing Debt or (y) extends, replaces, refunds, refinances, renews or defeases Debt Incurred issued under clause (2) of Section
4.09(c), and (b) Liens securing obligations relating to any Guarantees Incurred pursuant to clause (11) are also permitted to be Incurred on the Debt referred to in such clause; 

(4) Liens securing the Notes in an aggregate principal amount of up to $500.0 million (for the avoidance of doubt, following
the purchase, redemption or other acquisition of Notes, no Liens in respect of any other Debt (including any additional Notes) may be incurred pursuant to this clause (4)); 

(5) Liens or deposits to secure judgments (other than with respect to Section 6.01(a)(7)(b), in each case not giving rise to
an Event of Default, so long as any appropriate legal proceedings which may have been duly initiated for the review of such judgment have not been finally terminated or the period within which such proceedings may be initiated has not expired; 

(6) Liens encumbering goods and documents of title with respect to such goods and arising in the ordinary course of business
in connection with the issue of documentary letters of credit, and Liens arising out of title retention provisions in a supplier’s standard condition of supply of goods acquired in the ordinary course of business; 

(7) Liens securing Second Lien Debt in an aggregate principal amount not to exceed U.S. $350.0 million, provided that (i) if
such Second Lien Debt is incurred within six (6) months of the Issue Date, (A) such Second Lien Debt shall have a Stated Maturity no earlier than the Stated Maturity of the Second Lien Notes issued on the Issue Date, and (B) shall not bear interest
payable in cash at a rate greater than 7.75%, and (ii) such Second Lien Debt shall be issued only for the purposes of making a Restricted Payment pursuant to Section 4.08(b)(13); 

  
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 (8) any Lien existing on any property or assets, including Equity Interests
(plus improvements, accessions, proceeds or dividends or distributions in respect thereof, or replacements of any thereof) of any Person incurred before that Person’s acquisition by, merger or amalgamation into or consolidation with the Company
or any Restricted Subsidiary after the Issue Date securing Debt not to exceed U.S.$25.0 million in the aggregate; provided that the Lien is not created in contemplation of or in connection with such acquisition, merger, amalgamation or
consolidation; provided, further that the Lien shall only be permitted if such Liens are limited to all or part of the same property or assets, including Equity Interests (plus improvements, accessions, proceeds or dividends or distributions
in respect thereof, or replacements of any thereof) acquired, or of any Person acquired or merged or consolidated with or into the Company or any Restricted Subsidiary; 

(9) any Lien imposed by law that was Incurred in the ordinary course of business, including, without limitation,
carriers’, warehousemen’s and mechanics’ liens and other similar encumbrances arising in the ordinary course of business, in each case for sums that are not more than 60 days past due or are being contested in good faith by
appropriate proceedings; 
 (10) pledges or deposits in connection with workers’ compensation laws, unemployment
insurance laws or similar legislation, or good faith deposits, letters of credit and performance, bid, surety, appeal or similar bonds in connection with bids, tenders, contracts (other than for the payment of Debt) or leases to which the Company or
any of its Restricted Subsidiaries is a party, or deposits for the payment of rent, or deposits to secure public or statutory obligations or for contested taxes or import or customs duties, in each case Incurred in the ordinary course of business;

 (11) any Lien in favor of issuers of surety bonds, performance bonds or letters of credit issued pursuant to the request
of and for the account of the Company or any Subsidiary in the ordinary course of business; 
 (12) any Lien securing taxes,
assessments and other governmental charges, the payment of which are not more than 60 days past due or are being contested in good faith by appropriate proceedings and for which reserves or other appropriate provisions, if any, have been established
as required by U.S. GAAP; 
 (13) minor defects, easements, rights-of-way, restrictions and other similar encumbrances
Incurred in the ordinary course of business and encumbrances consisting of municipal or zoning restrictions, licenses, restrictions on the use of property or assets or minor imperfections in title that do not materially impair the value or use of
the property or assets affected thereby, and any leases and subleases of real property that do not interfere with the ordinary conduct of the business of the Company or any Subsidiary, and which are made on customary and usual terms applicable to
similar properties; 

  
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 (14) any rights of set-off, netting or similar rights and remedies of any Person
with respect to any deposit account of the Company or any Subsidiary arising in the ordinary course of business; 
 (15) any
Lien securing Hedging Agreements so long as such Hedging Agreements are entered into for bona fide, non-speculative purposes; 

(16) any Lien on the Capital Stock of an Unrestricted Subsidiary; 

(17) any Lien on pipelines and pipeline facilities that arise by operation of law; 

(18) any Lien arising under joint venture agreements, partnership agreements, oil and gas leases, subleases, licenses or
sublicenses, assignments, purchase and sale agreements, division orders, contracts for the sale, purchasing, processing, transportation or exchange of oil or natural gas, unitization and pooling declarations and agreements, development agreements,
technical evaluation agreements, area of mutual interest agreements, rights of first refusal, rights of first offer, licenses, sublicenses, net profits interests, participation agreements, Farm-Out Agreements, Farm-In Agreements, carried working
interest, joint operating, unitization, royalty, override, sales and similar agreements or arrangements relating to the exploration or development of, or production from, Oil and Gas Properties, in each case, entered into in the ordinary course of
business in a Permitted Business; provided that (x) such Liens do not secure Debt and (y) such Liens are limited to the assets that are the subject of the relevant agreement or arrangement; 

(19) any Lien reserved in oil and gas mineral leases or licenses for bonus (including, without limitation, social bonus),
royalty or rental payments and for compliance with the terms of such leases or licenses; 
 (20) any Lien on, or related to,
properties or assets to secure all or part of the costs Incurred in the ordinary course of a Permitted Business for exploration, drilling, development, production, processing, transportation, marketing, storage, abandonment or operation, provided
that such Liens do not secure Debt; 
 (21) Liens arising from Uniform Commercial Code financing statement filings regarding
operating leases entered into by the Company and its Restricted Subsidiaries in the ordinary course of business; 
 (22)
leases or subleases, or licenses or sub-licenses of real property (but not Oil and Gas Properties) and intellectual property, granted to others that do not materially interfere with the ordinary conduct of business of the Company and its Restricted
Subsidiaries, taken as a whole; 

  
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 (23) Liens arising under this Indenture in favor of the Trustee or Collateral
Agent for its own benefit and similar Liens in favor of other trustees, agents and representatives arising under instruments governing Debt permitted to be Incurred under this Indenture; provided, however, that such Liens are solely for the
benefit of the trustees, agents or representatives in their capacities as such and not for the benefit of the holders of such Debt; 

(24) Liens arising from the deposit of funds or securities in trust for the purpose of decreasing or defeasing Debt so long as
such deposit of funds or securities and such decreasing or defeasing of Debt are permitted under Section 4.08; 
 (25) Liens
securing obligations under or with respect to Debt Incurred by Restricted Subsidiaries that are not Guarantors pursuant to Section 4.09(c); provided, that such Debt is secured only by assets of such non-Guarantor; 

(26) Liens securing Debt of the Company or a Restricted Subsidiary consisting of Capitalized Lease Obligations and Purchase
Money Obligations; provided, however, that (i) such Debt exists at the date of such purchase, lease or improvement, or is created within 270 days thereafter (for the avoidance of doubt, the purchase date for any asset shall be the
later of the date of completion of construction or installation and the beginning of the full productive use of such asset), (ii) such Liens extend only to the assets so purchased, leased or improved, and (iii) such Liens secure the financing of
equipment related to exploration, production and commercialization activities in connection with a Permitted Business, including without limitation, leases or rentals of equipment related to exploration, production and commercialization activities,
including without limitation, leases or rentals of or related to drilling rigs, pipelines, supply boats, crude oil and LNG carriers, FPSO (floating production storage and offloading) facilities, subsea infrastructure, topsides, WHPs (wellhead
platforms), TLWPs (tension leg wellhead platforms) and any other equipment or other similar assets, following the Company making a final investment decision (FID) relating to the corresponding development project; 

(27) Liens securing obligations in an aggregate principal amount at any time outstanding which does not exceed U.S.$10.0
million (determined as of the date of such Incurrence) in the aggregate; 
 (28) Liens securing any Junior Lien Debt (other
than Second Lien Debt), in each case permitted to be Incurred by the Company or any Restricted Subsidiaries pursuant to this Indenture and the Security Documents; provided that any such Junior Lien Debt shall bear interest payable in cash at
a rate not to exceed 8.0% per annum; and 
 (29) Liens on insurance policies and the proceeds thereof securing the financing
of the premiums with respect thereto. 

  
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 (c) Upon written request and the receipt of an Officer’s Certificate and Opinion of Counsel
to the effect that any joinder, amendment or supplement is authorized or permitted under this Indenture and the Security Documents and that all conditions precedent thereto have been satisfied, to the extent it is necessary to amend or supplement
the Security Documents to provide for any Lien permitted by this Indenture, the Trustee or Collateral Agent is hereby expressly authorized and directed to enter any such amendments or supplements on behalf of the Holders. 

Section 4.11. Additional Guarantors. (a) If, after the date of this Indenture, (i) the Company or any Restricted Subsidiary of the
Company forms or acquires any Domestic Subsidiary that is a Wholly-Owned Restricted Subsidiary of the Company, (ii) any Restricted Subsidiary of the Company that is not a Guarantor guarantees, is an obligor of, or provides credit support for,
any Debt of the Company or any Guarantor (other than Debt incurred by the Company or any Guarantor pursuant to Section 4.09(b) and Section 4.09(c)(1), (2), (3), (4), (6), (7), (9), (10), (12), (13) and (14) to the extent permitted herein) or (iii)
an Excluded Subsidiary no longer constitutes an Excluded Subsidiary pursuant to the definition thereof, to the extent that such Excluded Subsidiary is a Domestic Subsidiary and a Wholly-Owned Subsidiary of the Company, then the Company shall cause
such Restricted Subsidiary, within 20 Business Days after the date of such event: 
 (1) execute and deliver to the Trustee
a supplemental indenture in the form attached hereto as Exhibit C pursuant to which such Restricted Subsidiary shall unconditionally guarantee all of the Company’s obligations under the Notes on the terms set forth in this Indenture; 

(2) execute and deliver all supplements or joinders, as applicable, to the applicable Security Documents in order to grant a
Lien in the Collateral owned by such Restricted Subsidiary to the same extent as that set forth in this Indenture and the Security Documents and take all actions required by the Security Documents to perfect such Lien; and 

(3) deliver to the Trustee an Opinion of Counsel that such supplemental indenture and the other documents described in clause
(1) and (2) above have been duly authorized, executed and delivered by such Restricted Subsidiary and constitute a valid and legally binding and enforceable obligations of such Restricted Subsidiary, subject to customary exceptions. 

Thereafter, such Restricted Subsidiary shall be a Guarantor for all purposes of this Indenture. 

  
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 (b) Upon written request and the receipt of an Officer’s Certificate and Opinion of Counsel
to the effect that any joinder, amendment or supplement and the other documents described in clause (1) and (2) is authorized or permitted under this Indenture and the Security Documents and that all conditions precedent thereto have been satisfied,
to the extent it is necessary to amend or supplement the Security Documents to provide for any guarantee of Debt (including, without limitation, a Note Guarantee) permitted by this Indenture, the Trustee and Collateral Agent is hereby expressly
authorized and directed to enter any such amendments or supplements on behalf of the Holders. 
 Section 4.12. Dividend and Other Payment
Restrictions Affecting Restricted Subsidiaries. (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create or permit to exist or become effective any consensual encumbrance or
restriction on the ability of any Restricted Subsidiary to: 
 (1) pay dividends or make any other distributions on its
Capital Stock to the Company or any of its Restricted Subsidiaries, or with respect to any other interest or participation in, or measured by, its profits, or pay any Debt owed to the Company or any of its Restricted Subsidiaries; 

(2) make loans or advances to the Company or any of its Restricted Subsidiaries; or 

(3) sell, lease or transfer any of its properties or assets to the Company or any of its Restricted Subsidiaries. 

(b) The foregoing Section 4.12(a) will not apply to encumbrances or restrictions existing under or by reason of: 

(1) the Second Lien Notes and other agreements governing the Second Lien Notes, in each case as in effect on the Issue Date
and any amendments, restatements, modifications, renewals, supplements, refundings, replacements or refinancings of those agreements; provided that such amendments, restatements, modifications, renewals, supplements, refundings, replacements
or refinancings are not, in the good faith judgment of the Company, materially more restrictive, taken as a whole, with respect to such dividend and other payment restrictions than those contained in those agreements on the Issue Date; 

(2) this Indenture, the Notes, the Note Guarantees and the Security Documents; 

(3) agreements governing Debt permitted to be Incurred pursuant to Section 4.09 and any amendments, restatements,
modifications, renewals, supplements, refundings, replacements or refinancings of those agreements; provided (A) that the encumbrances and restrictions are not materially more disadvantageous to the holders of the Notes than is customary in
comparable 

  
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financings (as determined in the good faith judgment of the Company) and (B) either (x) the Company reasonably determines in good faith that such encumbrance or restriction will not adversely
affect the Company’s ability to make principal and interest payments on the Notes as and when they come due or (y) such encumbrances and restrictions apply only during the continuance of a default in respect of a payment or financial
maintenance covenant relating to such Debt; 
 (4) applicable law, rule, regulation or order; 

(5) any instrument or agreement governing Debt or Capital Stock of a Person acquired by the Company or any of its Restricted
Subsidiaries as in effect at the time of such acquisition (except to the extent such Debt or Capital Stock was incurred in connection with or in contemplation of such acquisition), which encumbrance or restriction is not applicable to any Person, or
the properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired; provided that in the case of Debt, such Debt was permitted by the terms of this Indenture to be Incurred; 

(6) customary non-assignment provisions in contracts and licenses entered into in the ordinary course of business; 

(7) in the case of Section 4.12(a)(3), any encumbrance or restriction: 

(A) that restricts in a customary manner the subletting, assignment or transfer of any property or asset that is subject to a
lease (including leases governing leasehold interests or farm-in agreements or farm-out agreements relating to leasehold interests in Oil and Gas Properties), license or similar contract, or the assignment or transfer of any such lease (including
leases governing leasehold interests or farm-in agreements or farm-out agreements relating to leasehold interests in Oil and Gas Properties), license (including, without limitation, licenses of intellectual property) or other contract; 

(B) contained in mortgages, pledges or other security agreements permitted under an instrument securing Debt of the Company or
a Restricted Subsidiary to the extent such encumbrances or restrictions restrict the transfer of the property subject to such mortgages, pledges or other security agreements; 

(C) contained in any agreement creating Hedging Obligations permitted from time to time under this Indenture; 

  
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 (D) pursuant to customary provisions restricting dispositions of real property
interests set forth in any reciprocal easement agreements of the Company or any Restricted Subsidiary; or 
 (E)
restrictions on cash or other deposits imposed by customers under contracts entered into in the ordinary course of business; 

(8) provisions with respect to the disposition or distribution of assets or property in leases, subleases, licenses,
sublicenses, operating agreements, working interests, royalty or override interests, mineral leases, processing agreements, Farm-In Agreements, Farm-Out Agreements, unitization agreements, area of mutual interest agreements, production sharing
agreements or other similar or customary agreements, transactions or arrangements that are customary in the Oil and Gas Business and entered into in the ordinary course of business, which provisions apply only to the assets that are the subject of
such agreements; 
 (9) Purchase Money Obligations for property acquired in the ordinary course of business and Capital
Lease Obligations that impose restrictions on the property purchased or leased of the nature described in Section 4.12(a)(3); 

(10) any agreement for the sale or other disposition of a Restricted Subsidiary that restricts distributions by that
Restricted Subsidiary pending its sale or other disposition; 
 (11) Permitted Refinancing Debt; provided that the
restrictions contained in the agreements governing such Permitted Refinancing Debt are not materially more restrictive, taken as a whole, than those contained in the agreements governing the Debt being refinanced; 

(12) Liens permitted to be incurred pursuant to Section 4.10; and 

(13) any agreement or instrument governing a Permitted Business Investment. 

Section 4.13. Limitation on Designation of Unrestricted Subsidiaries. (a) The Company may designate after the Issue Date any
Subsidiary of the Company as an “Unrestricted Subsidiary” under this Indenture (a “Designation”) only if: 

(1) no Default or Event of Default has occurred and is continuing at the time of or after giving effect to such Designation;

 (2) any transactions between the Company or any of its Restricted Subsidiaries and such Unrestricted Subsidiary are, and
after giving effect to such Designation will be, in compliance with Section 4.14; 

  
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 (3) such Subsidiary has no Debt other than Non-Recourse Debt; and 

(4) the Company would be permitted to make an Investment in an Unrestricted Subsidiary at the time of Designation (assuming
the effectiveness of such Designation and treating such Designation as an Investment in an Unrestricted Subsidiary at the time of Designation) as a Restricted Payment pursuant to Section 4.08 in an amount equal to the aggregate Fair Market Value of
the Company’s Investment in such Subsidiary on such date. 
 (b) The Company may revoke any Designation of a Subsidiary as an
Unrestricted Subsidiary (a “Revocation”) only if: 
 (1) no Event of Default has occurred and is continuing
at the time of and after giving effect to such Revocation; and 
 (2) all Debt and Liens of such Unrestricted Subsidiary
outstanding immediately following such Revocation would, if Incurred at such time, have been permitted to be Incurred for all purposes of this Indenture. 

(c) The Designation of a Subsidiary of the Company as an Unrestricted Subsidiary will be deemed to include the Designation of all of the
Subsidiaries of such Subsidiary. All Designations and Revocations must be evidenced by a resolution of the Board of Directors of the Company and an Officer’s Certificate delivered to the Trustee certifying compliance with the preceding
provisions.
 (d) If, at any time, any Unrestricted Subsidiary would fail to meet the preceding requirements as an Unrestricted Subsidiary,
it will thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture and any Debt of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary as of such date and, if such Debt is not permitted to be incurred as of
such date under Sections 4.09 and 4.10 hereof, the Company will be in default of such covenants. 
 Section 4.14. Limitation on
Transactions with Affiliates. (a) The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, enter into, renew or extend any transaction or arrangement including the purchase, sale, lease or exchange of
property or assets, or the rendering of any service with any Affiliate of the Company involving aggregate payments or consideration in excess of U.S.$2.5 million (a “Related Party Transaction”), except upon fair and reasonable terms
no less favorable to the Company or the Restricted Subsidiary than could be obtained in a comparable arm’s length transaction with a Person that is not an Affiliate of the Company. 

(b) In any Related Party Transaction or series of Related Party Transactions with an aggregate value in excess of U.S.$10.0 million (or the
equivalent thereof at the time of determination), a majority of the Board of Directors (including a majority of the disinterested members thereof, but only to the extent there are disinterested members

  
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with respect to such Related Party Transaction) must first approve (such approval to be set forth in an Officer’s Certificate delivered to the Trustee) such transaction or series of related
transactions and determine that such transaction or series of related transactions are on fair and reasonable terms no less favorable to the Company or such Restricted Subsidiary than could be obtained in a comparable arm’s length transaction
and is otherwise compliant with the terms of this Indenture. 
 (c) Section 4.14(a) and (b) do not apply to: 

(1) any transaction or arrangement between the Company and any Restricted Subsidiary or between or among Restricted
Subsidiaries; 
 (2) the payment of reasonable and customary regular fees to directors of the Company who are not employees
of the Company; 
 (3) Permitted Investments and any Restricted Payments that do not violate Section 4.08; 

(4) [intentionally omitted.]; 

(5) any issuance or sale of Equity Interests (other than Disqualified Stock) of the Company; 

(6) transactions or payments (including loans, advances, grants of securities, stock options, reimbursement of out-of-pocket
expenses and similar rights) pursuant to any employee, officer or director compensation or benefit plans, customary indemnifications, insurance or arrangements entered into in the ordinary course of business; 

(7) transactions pursuant to agreements in effect on the Issue Date, as amended, modified or replaced from time to time so
long as the amended, modified or new agreements, taken as a whole, are no less favorable to the Company and its Restricted Subsidiaries than those in effect on the Issue Date; 

(8) transactions with joint venture partners, customers, clients, suppliers or purchasers or sellers of goods or services, or
lessors or lessees of property (i) in effect on the Issue Date, as amended, modified or replaced from time to time and (ii) as may be entered into after the Issue Date; provided that the amendment, modification, replacement or new
arrangement, taken as a whole, is in the ordinary course of business or customary in the oil and gas industry and otherwise in compliance with the terms of this Indenture and similar to those contained in similar contracts entered into by the
Company or any Restricted Subsidiary and third parties, or if neither the Company nor any Restricted Subsidiary has entered into a similar contract with a third party, which are, in the aggregate (taking into account all the costs and benefits
associated with such 

  
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transactions), not materially less favorable to the Company and its Restricted Subsidiaries than those that would have been obtained in a comparable transaction by the Company or such Restricted
Subsidiary with an unrelated Person, in the good faith determination of the Company’s Board of Directors or any executive officer of the Company involved in or otherwise familiar with such transaction; 

(9) any transaction in which the Company or any of its Restricted Subsidiaries, as the case may be, delivers to the Trustee an
opinion from an accounting, appraisal or investment banking firm of national standing stating that such transaction is fair to the Company or such Restricted Subsidiary from a financial point of view or that such transaction meets the requirements
of Section 4.14(a); and 
 (10) (a) guarantees by the Company or any of its Restricted Subsidiaries of performance of
obligations of the Company’s Unrestricted Subsidiaries in the ordinary course of business or which is customary in the oil and gas industry except for guarantees of Debt in respect of borrowed money, and (b) pledges by the Company or any
Restricted Subsidiary of the Company of Equity Interests of Unrestricted Subsidiaries for the benefit of lenders of Unrestricted Subsidiaries. 

Section 4.15. Offer to Repurchase Upon Change of Control. (a) If a Change of Control occurs, unless the Company has exercised its
right to redeem all of the Notes pursuant to Sections 3.03 and 3.07, the Company will make an offer to purchase all of the Notes (the “Change of Control Offer”) at a purchase price in cash equal to the applicable Change of Control
Payment Price, plus accrued and unpaid interest to, but excluding the date of purchase (the “Change of Control Payment”), subject to the right of Holders of record on a Record Date to receive any interest due on the Change of
Control Payment Date. Within 15 days following any Change of Control, unless the Company has exercised its right to redeem all of the Notes pursuant to Sections 3.03 and 3.07, the Company will mail a notice of such Change of Control Offer to
each Holder or otherwise deliver notice in accordance with the applicable procedures of the Depositary, with a copy to the Trustee, stating: 

(1) that a Change of Control Offer is being made pursuant to this Section 4.15, the expiration time for such Change of Control
Offer (which shall be no earlier than 30 days nor later than 60 days from the date such notice is mailed or otherwise delivered in accordance with the applicable procedures of the Depositary) and that all Notes properly tendered pursuant to such
Change of Control Offer will be accepted for purchase by the Company at the applicable Change of Control Purchase Price, plus accrued and unpaid interest, if any, to the date of purchase (subject to the right of Holders of record on the applicable
Record Date to receive interest due on the Change of Control Payment Date); 

  
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 (2) the purchase date (which shall be no later than five Business Days after the
date such Change of Control Offer expires) (the “Change of Control Payment Date”); 
 (3) that Notes must
be tendered in integral multiples of $1,000, and any Note not properly tendered will remain outstanding and continue to accrue interest (subject to clause (7) below); 

(4) that, unless the Company defaults in the payment of the Change of Control Payment, any Note accepted for payment pursuant
to the Change of Control Offer will cease to accrue interest on and after the Change of Control Payment Date; 
 (5) that
Holders electing to have any Notes purchased pursuant to a Change of Control Offer will be required to surrender such Notes, with the form entitled “Option of Holder to Elect Purchase” attached to such Notes completed, to the Paying Agent
specified in the notice at the address specified in the notice prior to the close of business on the third Business Day preceding the Change of Control Payment Date; 

(6) that Holders shall be entitled to withdraw their tendered Notes and their election to require the Company to purchase such
Notes; provided that the Paying Agent receives at the address specified in the notice, not later than the expiration time of such Change of Control Offer, a telegram, facsimile transmission or letter setting forth the name of the Holder of
the Notes, the principal amount of Notes tendered for purchase and a statement that such Holder is withdrawing its tendered Notes and its election to have such Notes purchased; 

(7) that, if a Holder is tendering less than all of its Notes, such Holder will be issued new Notes equal in principal amount
to the unpurchased portion of the Notes surrendered (the unpurchased portion of the Notes must be equal to $1,000 or an integral multiple of $1,000 in excess thereof); and 

(8) the other procedures, as determined by the Company, consistent with this Section 4.15 that a Holder must follow. 

The notice, if mailed or otherwise delivered in a manner herein provided, shall be conclusively presumed to have been given, whether or not
the Holder receives such notice. If (A) the notice is mailed in a manner herein provided and (B) any Holder fails to receive such notice or a Holder receives such notice but it is defective, such Holder’s failure to receive such notice or
such defect shall not affect the validity of the proceedings for the purchase of the Notes as to all other Holders that properly received such notice without defect. 

  
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 (b) On the Change of Control Payment Date, the Company will, to the extent lawful: 

(1) accept for payment all Notes or portions of Notes (in integral multiples of $1,000) properly tendered pursuant to the
Change of Control Offer; provided that if, following repurchase of a portion of a Note, the remaining principal amount of such Note outstanding immediately after such repurchase would be less than $1,000, then the portion of such Note so
repurchased shall be reduced so that the remaining principal amount of such Note outstanding immediately after such repurchase is $1,000; 

(2) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or portions of
Notes so tendered; and 
 (3) deliver or cause to be delivered to the Trustee for cancellation the Notes so accepted
together with an Officer’s Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company in accordance with this Section 4.15. 

(c) The Paying Agent will promptly mail (or otherwise deliver in accordance with the applicable procedures of the Depositary) to each Holder
of Notes so tendered the Change of Control Payment for such Notes, and the Trustee will promptly authenticate and mail (or otherwise deliver in accordance with the applicable procedures of the Depositary) (or make appropriate adjustments to the
amount and beneficial interests in any Global Note) to each Holder a new Note (it being understood that, notwithstanding anything in this Indenture to the contrary, no Opinion of Counsel or Officer’s Certificate will be required for the Trustee
to authenticate and mail or deliver such new Note) equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each such new Note will be in a principal amount of $1,000 or integral multiples of $1,000
in excess thereof. 
 (d) If the Change of Control Payment Date is on or after a Record Date and on or before the related Interest Payment
Date, any accrued and unpaid interest to the Change of Control Payment Date will be paid on the Change of Control Payment Date to the Person in whose name a Note is registered at the close of business on such Record Date. 

(e) Prior to making a Change of Control Payment, and as a condition to such payment (1) the requisite lenders or holders of Debt incurred or
issued under a credit facility, an indenture or other agreement that may be violated by such payment shall have consented to such Change of Control Payment being made and waived the event of default, if any, caused by the Change of Control or (2)
the Company will repay all outstanding Debt incurred or issued under a credit facility, an indenture or other agreement that may be violated by a Change of Control Payment or the Company will offer to repay all such Debt, make payment to the lenders
or holders of such Debt that 

  
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accept such offer and obtain waivers of any event of default arising under the relevant credit facility, indenture or other agreement from the remaining lenders or holders of such Debt. The
Company covenants to effect such repayment or obtain such consent prior to making a Change of Control Payment, it being a default of the Change of Control provisions of this Indenture if the Company fails to comply with such covenant. 

(f) the Company will not be required to make an Change of Control Offer upon a Change of Control if (1) a third party makes the Change of
Control Offer upon a Change of Control in the manner, at the time and otherwise in compliance with the requirements set forth in the Indenture applicable to a Change of Control Offer upon a Change of Control made by the Company and purchases all the
notes properly tendered and not withdrawn under such Change of Control Offer or (2) notice of redemption has been given pursuant to this Indenture as described under Article 3 unless and until there is a default in payment of the applicable
redemption price. 
 (g) Notwithstanding anything to the contrary herein, a Change of Control Offer may be made in advance of a Change of
Control and be conditional upon such Change of Control if a definitive agreement is in place for the Change of Control at the time of making of the Change of Control Offer. 

(h) The Company will comply with Rule 14e-1 under the Exchange Act (to the extent applicable) and all other applicable laws and regulations in
connection with the repurchase of the Notes pursuant to an Change of Control Offer, and the above procedures will be deemed modified as necessary to permit such compliance. To the extent that the provisions of any securities laws or regulations
conflict with the provisions of this Indenture, the Company will comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations described in this Indenture by virtue thereof. 

(i) Other than as specifically provided in this Section 4.15, any purchase pursuant to this Section 4.15 shall be made pursuant to the
provisions of Sections 3.02, 3.05 and 3.06. 
 Section 4.16. Limitation on Asset Sales. (a) The Company will not, and will not
permit any Restricted Subsidiary to, make or consummate any Asset Sale, unless the following conditions are met: 
 (1) The
Company (or the applicable Restricted Subsidiary) receives consideration at the time of the Asset Sale at least equal to the Fair Market Value (other than any Asset Sale for which total consideration received, measured at the time received, does not
exceed U.S.$50.0 million); 
 (2) At least 75% of the consideration for such Asset Sale, consists of cash or Cash
Equivalents received at closing; provided, however, to the extent that any disposition in any such Asset Sale was of Collateral, the consideration other 

  
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than cash or Cash Equivalents is pledged as Collateral under the Security Documents substantially simultaneously with such sale, in accordance with the requirements set forth in this Indenture.

 (A) Following the Asset Sale Cap Repayment Date, for purposes of this clause (2), (i) the assumption by the purchasers of
Debt or other obligations (other than Subordinated Debt) of the Company or a Restricted Subsidiary pursuant to a written agreement which releases or indemnifies the Company or such Restricted Subsidiary from such obligations, (ii) Debt (other than
Subordinated Debt) of any Restricted Subsidiary that is no longer a Restricted Subsidiary as a result of such Asset Sale, to the extent that the Company and each other Restricted Subsidiary are released from any guarantee of, or are not liable with
respect to, such Debt in connection with such Asset Sale, (iii) consideration consisting of Debt of the Company or any Guarantor received from persons who are not the Company or any Restricted Subsidiary, and (iv) instruments, securities or other
obligations received by the Company or any of its Restricted Subsidiaries from the purchasers that are converted into cash or Cash Equivalents within 180 days of the closing, shall be considered to be cash received at closing; 

(B) Notwithstanding clause (2) above, following the Asset Sale Cap Repayment Date, the Company and its Restricted Subsidiaries
will be permitted to consummate an Asset Sale without complying with clause (a)(2) above to the extent at least 75% of the consideration for such Asset Sale constitutes Additional Assets, cash, Cash Equivalents and/or Marketable Securities;
provided that any consideration not constituting Additional Assets received by the Company or any Restricted Subsidiary in connection with any Asset Sale permitted to be consummated under this clause shall be applied in accordance with the
provisions of clause (3) below; and provided, further, that such Additional Assets acquired through any disposition of Collateral are pledged as Collateral under the Security Documents substantially simultaneously with such acquisition, in
accordance with the requirements set forth in this Indenture; 
 (C) Prior to the Asset Sale Cap Repayment Date, for
purposes of clause (2) above, the Company may apply an amount of cash on hand prior to such Asset Sale up to U.S. $50.0 million in the aggregate since the Issue Date to satisfy clause (2) above; provided, that such cash amount shall be deemed
“Net Cash Proceeds” for the purpose of clause (3) below. 
 (3) The Net Cash Proceeds of an Asset Sale of less
than U.S. $10.0 million will be carried forward and accumulated. When accumulated Net Cash 

  
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Proceeds equals or exceeds such amount, the Company must, within 30 days, make an offer (“Asset Sale Offer”) to purchase Notes and other Second Lien Debt pursuant to Section
3.09. The Net Cash Proceeds of an Asset Sale not applied pursuant to this Section 4.16(a)(3) constitute “Retained Asset Sale Proceeds.” The Company may use any Retained Asset Sale Proceeds for any purpose not otherwise
prohibited by this Indenture. All Net Cash Proceeds obtained in connection with an Asset Sale of any assets held by a Restricted Subsidiary shall be promptly distributed to the Company or any Guarantor. 

(b) Pending application in accordance with this Section 4.16, Net Cash Proceeds may be invested in Cash Equivalents. The Fair Market Value for
any Asset Sale will be determined by the Company in good faith. 
 (c) To the extent that any portion of Net Cash Proceeds payable in
respect of the Notes is denominated in a currency other than U.S. dollars, the amount thereof payable in respect of the Notes shall not exceed the net amount of funds in U.S. dollars that is actually received by the Company upon converting such
portion into U.S. dollars. 
 (d) Notwithstanding the foregoing, the Company will not, and will not permit any Restricted Subsidiary to,
make or consummate any Production Payment and Reserve Sale, other than (1) such grants or transfers pursuant to incentive compensation programs on terms that are reasonably customary in the oil and gas business for geologists, geophysicists, and
other providers of technical services to the Company or any Subsidiary of the Company or (2) Production Payment and Reserve Sales created, incurred, issued or assumed in connection with the acquisition of, or within 60 days after the acquisition of,
the property that is subject thereto. 
 Section 4.17. After-Acquired Property. Subject to Article 11 of this Indenture
and the Security Documents, if at any time after the Issue Date the Company or any of its Restricted Subsidiaries that is a Guarantor acquires or owns any property (other than Excluded Real Property and any Excluded Asset), the Company or such
Guarantor shall, as promptly as practicable after such property is acquired or such Restricted Subsidiary becomes a Guarantor, execute and deliver such mortgages, deeds of trust, deeds to secure debt, security instruments, financing statements and
certificates or such other documentation as shall be reasonably necessary to vest in the Collateral Agent, for the benefit of the Holders, itself and the Trustee, a perfected Lien (with the priority required hereunder and under the Security
Documents), subject only to Permitted Liens, in such property and to have such property added to the Collateral, and thereupon all provisions of this Indenture relating to the Collateral shall be deemed to relate to such property to the same extent
and with the same force and effect. 
 Section 4.18. Permitted Line of Business. The Company shall not, and shall not permit any
of its Restricted Subsidiaries to, engage in any business other than Permitted Businesses, except to such extent as would not be material to the Company and its Restricted Subsidiaries taken as a whole. 

  
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 Section 4.19. Payments for Consent. Neither the Company nor any Affiliate of the
Company shall, directly or indirectly, pay or cause to be paid any consideration, whether by way of interest, fee or otherwise, to any Holder for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this
Indenture or any Security Document unless such consideration is offered to be paid to all Holders that so consent, waive or agree to amend in the time frame set forth in solicitation documents relating to such consent, waiver or agreement. 

Section 4.20. Minimum Liquidity. At all times the Notes are outstanding, the Company and its Restricted Subsidiaries shall
maintain aggregate Consolidated Cash Balances equal to at least U.S. $200.0 million. 
 Section 4.21. Insurance.

(a) The Company and the Guarantors shall: 

(1) maintain insurance with respect to their properties and business at all times by financially sound and reputable insurers,
to such extent and against such risks as is customarily insured against by Persons in the same or similar businesses operating in the same or similar locations, and of such types and in such amounts as are customarily carried under similar
circumstances; and 
 (2) maintain such other insurance as may be required by law. 

(b) Upon the request of the Collateral Agent, the Company and the Guarantors will furnish to the Collateral Agent information as to their
property and liability insurance carriers. 
 Section 4.22. Conditions Subsequent. The Company shall comply with the obligations
described in Schedule 4.22, in each case, within the applicable periods of time specified in such Schedule with respect to such item. 

ARTICLE 5 

SUCCESSORS 

Section 5.01. Consolidation, Merger, Amalgamation or Sale of All or Substantially All Assets. (a) The Company will not consolidate
with or merge or amalgamate with or into, or sell, convey, transfer, dispose of or lease all or substantially all of its assets to, any Person, unless: 

(1) the surviving Person (the “Successor Company”) (if not the Company) will be a Person organized and
existing under the laws of the United States of America, any state thereof or the District of Columbia, and such Person expressly assumes, by a supplemental indenture to this Indenture substantially in the form of Exhibit C hereto and such other
instruments, joinders and other 

  
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documents, executed and delivered to the Trustee, the Collateral Agent and the Paying Agent, all the obligations of the Company under the Notes, this Indenture and the Security Documents; 

(2) immediately prior to such transaction and immediately after giving effect to such transaction, no Default or Event of
Default will have occurred and be continuing; 
 (3) each Guarantor (unless it is the other party to the transactions
described above, in which case Section 5.01(d) shall apply) shall have by supplemental indenture to this Indenture substantially in the form of Exhibit C hereto confirmed that its Note Guarantee shall apply to such Successor Company’s
obligations under the Notes, this Indenture and the Security Documents; 
 (4) the Successor Company (if not the Company)
shall take such action (or agree to take such action) as may be reasonably necessary to cause any property or assets that constitute Collateral owned by or transferred to the Successor Company (if not the Company) to be subject to the Liens in the
manner and to the extent required under the Note Documents; and 
 (5) the Successor Company (if not the Company) will have
delivered to the Trustee and the Collateral Agent an Officer’s Certificate and an Opinion of Counsel, reasonably acceptable to the Trustee and Collateral Agent, stating that such consolidation, merger, amalgamation or transfer, that such
supplemental indenture and other documents, if any, comply with this Indenture and that such supplemental indenture and the other documents described in clause (1) and (3) above have been duly authorized, executed and delivered and constitute a
valid and legally binding and enforceable obligations of the Successor Company or the Guarantors party thereto, as applicable, subject to customary exceptions. 

(b) The Trustee and the Collateral Agent will be fully protected in relying upon such Officer’s Certificate and Opinion of Counsel as
sufficient evidence of the satisfaction of the conditions precedent set forth in this Section 5.01. 
 (c) Notwithstanding the restriction
described in Section 5.01(a)(2), any Restricted Subsidiary may consolidate with, merge or amalgamate into or transfer all or part of its properties and assets to the Company, the Company may merge or amalgamate into a Restricted Subsidiary that is a
Guarantor for the purpose of reincorporating the Company in another jurisdiction, and any Restricted Subsidiary may consolidated with, merge or amalgamate into or transfer all or part of its properties and assets to another Restricted Subsidiary
that is a Guarantor. 

  
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 (d) The Company will not permit any Guarantor to consolidate with or merge or amalgamate with or
into, or sell, convey, transfer, dispose of or lease all or substantially all of its assets to, any Person, unless: 

(1) the surviving Person (the “Successor Guarantor”) (if not the Guarantor) will be a Person organized and
existing under the laws of the United States of America, any state thereof or the District of Columbia, and such Person expressly assumes in a supplemental indenture to this Indenture substantially in the form of Exhibit C hereto and such other
instruments, joinders and other documents, executed and delivered to the Collateral Agent, the Trustee and the Paying Agent, all the obligations of the Guarantor under the Notes, this Indenture, the Note Guarantee and the Security Documents; 

(2) immediately prior to such transaction and immediately after giving effect to such transaction, no Default or Event of
Default will have occurred and be continuing; 
 (3) the Successor Guarantor (if not the Guarantor) shall take such action
(or agree to take such action) as may be reasonably necessary to cause any property or assets that constitute Collateral owned by or transferred to the Successor Guarantor (if not the Guarantor) to be subject to the Liens in the manner and to the
extent required under the Note Documents; and 
 (4) the Successor Guarantor (if not the Guarantor) will have delivered to
the Trustee and the Collateral Agent an Officer’s Certificate and an Opinion of Counsel, reasonably acceptable to the Trustee and the Collateral Agent, stating that such consolidation, merger, amalgamation or transfer and such supplemental
indenture, if any, comply with this Indenture and such supplemental indenture and the other documents described in clause (1) and (3) above have been duly authorized, executed and delivered and constitute a valid and legally binding and enforceable
obligations of the Successor Company or the Guarantors party thereto, as applicable, subject to customary exceptions. 
 (e) Notwithstanding
the restriction described in Section 5.01(d)(2), any Restricted Subsidiary may consolidate with, merge or amalgamate into or transfer all or part of its properties and assets to any Guarantor, any Guarantor may merge or amalgamate into a Restricted
Subsidiary that is or becomes a Guarantor for the purpose of reincorporating such Guarantor in another jurisdiction, and any Restricted Subsidiary may consolidate with, merge or amalgamate into or transfer all or part of its properties and assets to
another Restricted Subsidiary that is a Guarantor. 
 (f) Upon written request and the receipt of an Officer’s Certificate and Opinion
of Counsel to the effect that any joinder, amendment or supplement is authorized or permitted under this Indenture and the Security Documents and that all conditions precedent thereto have been satisfied, to the extent it is necessary to amend or
supplement 

  
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the Security Documents to provide for any transaction provided for in accordance with these provisions, the Trustee and Collateral Agent is hereby expressly authorized and directed to enter any
such amendments or supplements on behalf of the Holders. 
 Section 5.02. Successor Entity Substituted. Upon any consolidation,
merger, amalgamation, sale, assignment, conveyance, transfer, assignment, disposition or lease of all or substantially all of the assets of the Company or a Guarantor in accordance with Section 5.01, the Successor Company and the Successor
Guarantor, as the case may be, will succeed to, and be substituted for, and may exercise every right and power of, the Company or a Guarantor, as the case may be, under the Indenture, the Notes, the Security Documents and the Note Guarantees with
the same effect as if such surviving Person had been named as the Company or a Guarantor, as the case may be, in this Indenture, the Notes, the Security Documents and the Note Guarantees; provided that, in the case of a lease of all or
substantially all its assets, the Company will not be released from the obligation to pay the principal and interest (and premium, if any) on the Notes, and a Guarantor will not be released from its obligations under its Note Guarantee. 

ARTICLE 6 
 DEFAULTS
AND REMEDIES 
 Section 6.01. Events of Default. (a) An “Event of Default” occurs
if: 
 (1) the Company defaults in any payment of interest on any Note when the same becomes due and payable, and such
default continues for a period of 30 days; 
 (2) the Company defaults in the payment of the principal of, or premium, if
any, any Note when the same becomes due and payable upon acceleration or redemption or otherwise; 
 (3) the Company fails
to make an Offer to Purchase and thereafter to accept and pay for Notes tendered when and as required pursuant to Section 4.15 or Section 4.16; 

(4) the Company or any Guarantor fails to comply with Section 5.01, Section 4.20 or Section 4.22; 

(5) the Company or any Guarantor, as the case may be, fails to comply with any of its covenants or agreements in the Notes,
the Note Guarantees, this Indenture or the Security Documents (other than those referred to in (1), (2), (3) and (4) above), and such failure continues for 60 days after the notice specified below; 

(6) the Company or any Restricted Subsidiary defaults under any mortgage, Indenture or instrument under which there may be
issued or by which 

  
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there may be secured or evidenced any Debt for money borrowed by the Company or such Restricted Subsidiary (or the payment of which is guaranteed by the Company or such Restricted Subsidiary)
whether such Debt or guarantee now exists, or is created after the Issue Date, which default (a) is caused by failure to pay principal of or premium, if any, or interest on such Debt after giving effect to any grace period provided in such Debt on
the date of such default (a “Payment Default”) or (b) results in the acceleration of such Debt prior to its Stated Maturity and, in each case, the principal amount of any such Debt, together with the principal amount of any other
such Debt under which there has been a Payment Default or the maturity of which has been so accelerated, totals U.S.$10.0 million (or the equivalent thereof at the time of determination) or more in the aggregate. 

(7) (a) one or more final and non-appealable-judgments for the payment of money are rendered against the Company or any
Restricted Subsidiary, and are not paid or otherwise discharged and there is a period of 60 consecutive days following entry of the final and non-appealable judgment that causes the aggregate amount for all such final and non-appealable judgments
outstanding and not paid or discharged against all such Persons to exceed U.S.$10.0 million or the equivalent thereof at the time of determination (in excess of amounts which the Company’s insurance carriers have agreed to pay under applicable
policies) during which a stay of enforcement, by reason of a pending appeal or otherwise, is not in effect, and (b) one or more final non-appealable judgments (or series of related judgments) for the payment of money (or settlements (or series of
related settlements) related to any litigation or threatened claims against the Company or any of its Subsidiaries) in an amount of U.S.$75.0 million or more; provided, that no Event of Default shall occur to the extent any such judgment or
settlement (A) relates to ordinary course disputes arising from the operating activities of the Company (which for the avoidance of doubt shall not include among others, financing or business combination transactions) or any disputes or claims
arising from any alleged misstatement, omission or other failure to make sufficient disclosure of information, (B) is paid with cash up to U.S.$75.0 million, the proceeds of insurance claims or the net proceeds from additional issuances of (i)
unsecured Debt of the Company with a maturity date no earlier than the maturity date of the Second Lien Notes and a cash interest rate no greater than 12% per annum and/or (ii) common stock of the Company or (C) relates to any proceeding or
litigation commencing prior to the Issue Date; 
 (8) an involuntary case or other proceeding is commenced against the
Company, any Guarantor or any Significant Subsidiary or group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary, with respect to it or its debts under any bankruptcy, insolvency or other similar law now or
hereafter in effect seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its 

  
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property, and such involuntary case or other proceeding remains undismissed and unstayed for a period of 60 days; or an order for relief is entered against the Company, any Guarantor or any
Significant Subsidiary or group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary, under the federal bankruptcy laws as now or hereafter in effect and such order is not being contested by the Company, any
Guarantor or such Significant Subsidiary or group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary, as the case may be, in good faith or has not been dismissed, discharged or otherwise stayed, in each case
within 60 days of being made; 
 (9) the Company, any Guarantor or any Significant Subsidiary or group of Restricted
Subsidiaries that, taken together, would constitute a Significant Subsidiary, (i) commences a voluntary case or other proceeding seeking the commencement of judicial or extra judicial reorganization, proceedings or bankruptcy proceedings with
respect to itself or its debts under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or consents to the entry of an order for relief in an involuntary case under any such law, (ii) consents to the appointment
of or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of the Company, any Guarantor or any Significant Subsidiary or group of Restricted Subsidiaries that, taken together, would constitute
a Significant Subsidiary, or for all or substantially all of the property of the Company, any Guarantor or such Significant Subsidiary or group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary or (iii)
effects any general assignment for the benefit of creditors; 
 (10) any Note Guarantee, ceases to be in full force and
effect, other than in accordance with the terms of this Indenture, or a Guarantor denies or disaffirms its obligations under its Note Guarantee; 

(11) all or substantially all of the undertakings, assets and revenues of the Company, any Guarantor and any Significant
Subsidiary or group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary, taken as a whole, is condemned, seized or otherwise appropriated (other than in accordance with its terms) by any Person acting under the
authority of any national, regional or local government, and such condemnation, seizure or appropriation is approved by a final, binding and non-appealable ruling of a court or tribunal exercising competent jurisdiction (including, without
limitation, such court or tribunal selected pursuant to an arbitration agreement); or 
 (12) the Liens created by the
Security Documents shall at any time not constitute a valid and perfected Lien on any material portion of the Collateral intended to be covered thereby (to the extent perfection by filing, registration,

  
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recordation or possession is required by this Indenture or the Security Documents) if such default continues for 30 days after notice, or the enforceability thereof shall be contested by the
Company or any Restricted Subsidiary. 
 However, a Default under clause (5) of this Section 6.01(a) will not constitute an Event of Default
until the Trustee or the holders of at least 25.0% in principal amount of the Notes outstanding notify the Company and the Trustee of the Default and the Company does not cure such Default within the time specified in clause (5) of this Section
6.01(a) after receipt of such notice. 
 (b) The Trustee is not to be charged with knowledge of any Default or Event of Default or knowledge
of any cure of any Default or Event of Default unless either (i) a Responsible Officer of the Trustee with direct responsibility for this Indenture has actual knowledge of such Default or Event of Default or (ii) written notice of any event which is
in fact a Default or Event of Default has been given to the Trustee at its corporate trust office by the Company, any Guarantor or any Holder, such notice identifying this Indenture and the Company and stating that such notice is a notice of Default
or Event of Default. 
 Section 6.02. Acceleration. (a) If an Event of Default (other than an Event of Default described in
clauses (8) or (9) of Section 6.01(a)) occurs and is continuing, the Trustee by written notice to the Company, specifying the Event of Default, or the Holders of at least 25.0% in principal amount of the then outstanding Notes, by written notice to
the Company and the Trustee, may, declare the principal, premium, if any, and accrued and unpaid interest, if any, on all the Notes to be due and payable. Upon such declaration, such principal, premium, if any, and accrued and unpaid interest,
if any, will be due and payable. 
 (b) In case an Event of Default described in clauses (8) or (9) of Section 6.01(a) occurs and is
continuing, the principal of, premium, if any, and accrued and unpaid interest, if any, on all the Notes will become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. 

(c) In the event of a declaration of acceleration of the Notes because an Event of Default described in clause (6) of Section 6.01(a) has
occurred and is continuing, the declaration of acceleration of the Notes shall be automatically annulled if: 
 (1) the
default triggering such Event of Default pursuant to clause (6) of Section 6.01(a) shall be remedied or cured by the Company or a Restricted Subsidiary or waived by the holders of the relevant Debt within 20 days after the declaration of
acceleration with respect thereto; and 
 (2) (A) the annulment of the acceleration of the Notes would not conflict with any
judgment or decree of a court of competent jurisdiction and (B) all existing Events of Default, except nonpayment of principal, premium, if any, or interest on the Notes that became due solely because of the acceleration of the Notes, have been
cured or waived. 

  
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 (d) If the Notes are accelerated or otherwise become due prior to their maturity date, in each
case, as a result of an Event of Default on or after December 1, 2018, the amount of principal of, accrued and unpaid interest and premium on the Notes that becomes due and payable shall equal the redemption price applicable with respect to an
optional redemption of the Notes, in effect on the date of such acceleration as if such acceleration were an optional redemption of the Notes accelerated. If the Notes are accelerated or otherwise become due prior to their maturity date, in each
case, as a result of an Event of Default prior to December 1, 2018, the amount of principal of, accrued and unpaid interest and premium on the Notes that becomes due and payable shall equal 100% of the principal amount of the Notes redeemed plus the
Applicable Premium in effect on the date of such acceleration, as if such acceleration were an optional redemption of the Notes accelerated plus accrued and unpaid interest. 

Without limiting the generality of the foregoing, it is understood and agreed that if the Notes are accelerated or otherwise become due prior
to their maturity date, in each case, in respect of any Event of Default (including, but not limited to, upon the occurrence of a voluntary or involuntary bankruptcy or insolvency event (including the acceleration of claims by operation of law) or
pursuant to a plan of reorganization), the premium applicable with respect to an optional redemption of the Notes will also be due and payable as though the Notes were optionally redeemed and shall constitute part of the Obligations under the Notes
hereunder, in view of the impracticability and extreme difficulty of ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of each Holder’s lost profits as a result thereof. Any premium payable above
shall be presumed to be the liquidated damages sustained by each Holder as the result of the early redemption and the Company agrees that it is reasonable under the circumstances currently existing. The premium shall also be payable in the event the
Notes (and/or the Indenture) are satisfied or released by foreclosure (whether by power of judicial proceeding), deed in lieu of foreclosure or by any other means. THE COMPANY EXPRESSLY WAIVES (TO THE FULLEST EXTENT IT MAY LAWFULLY DO SO) THE
PROVISIONS OF ANY PRESENT OR FUTURE STATUTE OR LAW THAT PROHIBITS OR MAY PROHIBIT THE COLLECTION OF THE FOREGOING PREMIUM IN CONNECTION WITH ANY SUCH ACCELERATION. The Company expressly agrees (to the fullest extent it may lawfully do so) that: (A)
the premium is reasonable and is the product of an arm’s length transaction between sophisticated business people, ably represented by counsel; (B) the premium shall be payable notwithstanding the then prevailing market rates at the time
payment is made; (C) there has been a course of conduct between Holders and the Company giving specific consideration in this transaction for such agreement to pay the premium; and (D) the Company shall be estopped hereafter from claiming
differently than as agreed to in this paragraph. The Company expressly acknowledges that its agreement to pay the premium to Holders as herein described is a material inducement to Holders to purchase the Notes 

  
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 (e) The Holders of a majority in principal amount of the outstanding Notes may waive all past
Events of Default (except with respect to nonpayment of principal, premium or interest) and rescind any acceleration with respect to the Notes and its consequences if (1) such rescission would not conflict with any judgment or decree of a court of
competent jurisdiction and (2) all existing Events of Default, other than the nonpayment of the principal of, premium, if any, and interest on the Notes that have become due solely by such declaration of acceleration, have been cured or waived. 

Section 6.03. Other Remedies. If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to
collect the payment of principal, premium, if any, and interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. 

The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding. A
delay or omission by the Trustee or any Holder of a Note in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies
are cumulative to the extent permitted by law. 
 Section 6.04. Waiver of Past Defaults. The Holders of a majority in principal
amount of the outstanding Notes by written notice to the Trustee may on behalf of all Holders waive any existing Default or Event of Default and its consequences hereunder, except: 

(1) a continuing Default or Event of Default in the payment of the principal, premium, if any, or interest on any Note held by
a non-consenting Holder (including in connection with an Asset Sale Offer or a Change of Control Offer); and 
 (2) a
Default or Event of Default with respect to a provision that under Section 9.02 cannot be amended without the consent of each Holder affected, 

provided that, subject to Section 6.02, the Holders of a majority in principal amount of the then outstanding Notes may rescind an acceleration and its
consequences, including any related payment default that resulted from such acceleration. Upon any such waiver, such Default or Event of Default shall cease to exist, and, if applicable, any Event of Default arising therefrom shall be deemed to
have been cured for every purpose of this Indenture, but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. 

Section 6.05. Control by Majority. The Holders of a majority in principal amount of the outstanding Notes may direct the time,
method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. However, the Trustee may refuse to follow any direction

  
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that conflicts with law, this Indenture, the Notes, the Security Documents or any Note Guarantee, or that the Trustee determines in good faith is unduly prejudicial to the rights of any other
Holder or that would involve the Trustee in personal liability. Prior to taking any action hereunder or under the Security Documents, the Trustee shall be entitled to indemnification satisfactory to it against all losses and expenses caused by
taking or not taking such action. 
 Section 6.06. Limitation on Suits. Subject to Section 6.07, no Holder may pursue any remedy
with respect to this Indenture or the Notes unless: 
 (1) such Holder has previously given the Trustee notice that
an Event of Default is continuing; 
 (2) the Holders of at least 25.0% in principal amount of the then outstanding Notes
have requested the Trustee to pursue the remedy; 
 (3) such Holders have offered the Trustee security or indemnity
satisfactory to the Trustee against any loss, liability or expense; 
 (4) the Trustee has not complied with such request
within 60 days after the receipt of the request and the offer of security or indemnity; and 
 (5) the Holders of a majority
in principal amount of the then outstanding Notes have not given the Trustee a direction that, in the opinion of the Trustee, is inconsistent with such request within such 60-day period. 

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

Section 6.07. Rights of Holders to Bring Suit. Notwithstanding any other provision of this Indenture, the right of any
Holder to bring suit for the enforcement of any payment of principal, premium, and interest on the Note, on or after the respective due dates expressed in the Note (including in connection with an Offer to Purchase), on or after such respective
dates, shall not be impaired or affected without the consent of such Holder. 
 Section 6.08. Collection Suit by Trustee. If an
Event of Default specified in Section 6.01(a)(1) or (2) occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company and any other obligor on the Notes for the whole amount of
principal, premium, if any, and interest remaining unpaid on the Notes, together with interest on overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection,
including the reasonable compensation, expenses, disbursements and advances of the Trustee and its agents and counsel. 

  
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 Section 6.09. Restoration of Rights and Remedies. If the Trustee or any Holder has
instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case,
subject to any determination in such proceedings, the Company, the Guarantors, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the
Holders shall continue as though no such proceeding has been instituted. 
 Section 6.10. Rights and Remedies Cumulative. Except
as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes in Section 2.07, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any
other right or remedy, and every right and remedy are, to the extent permitted by law, cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or
employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Section 6.11. Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder to exercise any right or remedy
accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may
be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 Section
6.12. Trustee May File Proofs of Claim. The Trustee may file proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders of the Notes allowed in any judicial proceedings relative to the Company (or any other obligor upon the Notes, including the Guarantors), its creditors or
its property and is entitled and empowered to participate as a member in any official committee of creditors appointed in such matter and to collect, receive and distribute any money or other property payable or deliverable on any such
claims. Any custodian in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to
the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee and its agents and counsel, and any other amounts due the Trustee under Section 7.07. To the extent that the payment of any
such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07 out of the estate in any such proceeding, shall be denied for any reason, payment of the same
shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, 

  
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money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or
otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the
rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 
 Section 6.13.
Priorities. If the Trustee collects any money or property pursuant to this Article 6 or pursuant to the foreclosure or other remedial provisions contained in the Security Documents, it shall pay out the money or proceeds of property in
the following order: 
 (1) to the Trustee, the Collateral Agent and its respective agents and attorneys for amounts due
hereunder or under the Security Documents, including payment of all reasonable compensation, expenses and liabilities incurred, and all advances made, by the Trustee and the Collateral Agent and the costs and expenses of collection; 

(2) to Holders for amounts due and unpaid on the Notes for principal, premium, if any, and interest ratably, without
preference or priority of any kind, according to the amounts due and payable on the Notes for principal, premium, if any, and interest, respectively; and 

(3) to the Company or to such party as a court of competent jurisdiction shall direct, including a Guarantor, if applicable.

 The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 6.13. Promptly after any record date is set
pursuant to this Section 6.13, the Trustee shall cause notice of such record date and payment date to be given to the Company and to each Holder in the manner set forth in Section 13.02. 

Section 6.14. Undertaking for Costs. In any suit for the enforcement of any right or remedy under this Indenture or in any suit against
the Trustee for any action taken or omitted by it as a Trustee, a court in its discretion may require the filing by any party litigant in such suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable
costs, including reasonable attorneys’ fees, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.14 does not apply to a suit by the Trustee
or a suit by Holders of more than 10% in aggregate principal amount of the outstanding Notes. 

  
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 ARTICLE 7 

TRUSTEE 
 Section
7.01. Duties of Trustee. (a) If an Event of Default has occurred and is continuing, the Trustee will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care in its exercise, as a prudent
person would exercise or use under the circumstances in the conduct of such person’s own affairs. 
 (b) Except during the continuance
of an Event of Default: 
 (1) the duties of the Trustee shall be determined solely by the express provisions of this
Indenture and the Trustee need perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. 

(3) However, in the case of any such certificates or opinions which by any provision hereof are specifically required to be
furnished to the Trustee, the Trustee shall examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other
facts stated therein). 
 (c) The Trustee may not be relieved from liabilities for its own negligent action, its own negligent failure to
act, or its own willful misconduct, except that: 
 (1) this paragraph does not limit the effect of paragraph (b) of this
Section 7.01; 
 (2) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer,
unless it is proved in a court of competent jurisdiction that the Trustee was negligent in ascertaining the pertinent facts; and 

(3) the Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a
direction received by it pursuant to Section 6.05. 
 (d) Whether or not therein expressly so provided, every provision of this Indenture
that in any way relates to the Trustee is subject to paragraphs (a), (b) and (c) of this Section 7.01. 

  
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 (e) The Trustee will be under no obligation to exercise any of the rights or powers under this
Indenture, the Notes, the Security Documents and the Note Guarantees at the request or direction of any of the Holders unless such Holders have offered to the Trustee indemnity or security satisfactory to it against any loss, liability or expense.

 (f) The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the
Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 
 Section
7.02. Rights of Trustee. (a) The Trustee may conclusively rely upon and shall be protected in acting or refraining from acting upon any resolution, Officer’s Certificate, Opinion of Counsel, statement, certificate, instrument, opinion,
report, notice, request, consent order, appraisal, bond or any other document believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in the document, but the
Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine in good faith to make such further inquiry or investigation, it shall be entitled to examine
the books, records and premises of the Company, personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

(b) Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel or both subject to
the other provisions of this Indenture. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel. The Trustee may consult with counsel of
its selection and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.

 (c) The Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence of any agent or
attorney appointed with due care. 
 (d) The Trustee shall not be liable for any action it takes or omits to take in good faith that it
believes to be authorized or within the rights or powers conferred upon it by this Indenture, the Notes, the Note Guarantees or the Security Documents. 

(e) Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Company or a Guarantor shall
be sufficient if signed by an Officer of the Company or such Guarantor. 
 (f) None of the provisions of this Indenture or the Security
Documents shall require the Trustee, Paying Agent, Transfer Agent or Registrar to expend or risk its own 

  
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funds or otherwise to incur any liability, financial or otherwise, in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers if it shall have reasonable
grounds for believing that repayment of such funds or indemnity satisfactory to it against such risk or liability is not assured to it. 

(g) The Trustee shall not be deemed to have notice or knowledge of any Default or Event of Default unless a Responsible Officer of the Trustee
has actual knowledge thereof or unless written notice of any event which is in fact such a Default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the existence of a Default or Event of Default,
the Notes and this Indenture. 
 (h) In no event shall the Trustee be responsible or liable for punitive, special, indirect, or
consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

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

(j) The Trustee may request that the Company deliver an Officer’s Certificate setting forth the names of individuals or titles of
Officers authorized at such time to take specified actions pursuant to this Indenture, which Officer’s Certificate may be signed by any Person authorized to sign an Officer’s Certificate, including any Person specified as so authorized in
any such certificate previously delivered and not superseded. 
 (k) The Trustee shall not be required to give any bond or surety in respect
of the performance of its powers and duties hereunder. 
 (l) The Trustee shall have no duty (A) to see to any recording, filing or
depositing of this Indenture or any Security Document, or any financing statement or continuation statement evidencing a security interest, or to see to the maintenance of such recording or filing or depositing, or to any rerecording, refiling or
redepositing of any thereof (B) to see to any insurance or (C) to see to the payment or discharge of any tax, assessment, or other governmental charge or any lien or encumbrance of any kind owing with respect to, assessed or levied against, any part
of the trust. 
 (m) The Trustee and any of its Affiliates, directors, officers, managers, employees, advisors, counsel, agents or
attorneys-in-fact shall not be responsible for or have any duty to ascertain, inquire into or verify (i) any statement, warranty or representation made in connection with this Indenture or any Security Document (each, a “Financing
Document” and, collectively, the “Financing Documents”), or any certificate, financial statement or other document furnished at any time under or in connection with this Indenture or any other Financing Document, (ii) the
performance or 

  
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observance of any of the terms, covenants or agreements of the Company and the Guarantors or any Person in this Indenture or any other Financing Document (iii) the validity, effectiveness,
genuineness, value, enforceability or sufficiency of the Collateral or any other Financing Document, or any other instrument or writing furnished in connection herewith or therewith, in respect of the Company or the Guarantors or (iv) the
attachment, perfection or priority of any security interest created or purported to be created under or in connection with any Security Document. Without limiting the generality of the foregoing, the Trustee or any of its Affiliates, directors,
officers, managers, employees, advisors, counsel, agents or attorneys-in-fact shall not be responsible to any Person for any mistake, omission or error of judgment with respect to the value or valuation, genuineness, enforceability, existence,
perfection or priority of any of the Collateral, the determination of the fair market value of any Collateral, or any other matters determined hereunder or under the other Financing Documents. 

(n) The right of the Trustee to perform any discretionary or permissive act enumerated in this Indenture or any Security Document shall not be
construed as a duty, and the Trustee shall not be answerable for other than its negligence or willful misconduct in the performance of such act. 

(o) Delivery of reports, information and documents to the Trustee and the Paying Agent is for informational purposes only and their respective
receipt of such reports shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s, any Guarantor’s or any other Person’s compliance with
any of its covenants under this Indenture or the Notes (as to which the Trustee and the Paying Agent are entitled to rely exclusively on Officer’s Certificates). Neither the Trustee nor the Paying Agent shall be obligated to monitor or
confirm, on a continuing basis or otherwise, the Company’s, any Guarantor’s or any other Person’s compliance with the covenants described herein or with respect to any reports or other documents filed under this Indenture or the
Security Documents. 
 (p) The Trustee shall not be responsible or liable for the environmental condition or any contamination of any
property secured by any mortgage or deed of trust or for any diminution in value of any such property as a result of any contamination of the property by any hazardous substance, hazardous material, pollutant or contaminant. The Trustee shall
not be liable for any claims by or on behalf of the Holders or any other person or entity arising from contamination of the property by any hazardous substance, hazardous material, pollutant or contaminant, and shall have no duty or obligation to
assess the environmental condition of any such property or with respect to compliance of any such property under state or federal laws pertaining to the transport, storage, treatment or disposal of, hazardous substances, hazardous materials,
pollutants, or contaminants or regulations, permits or licenses issued under such laws. 

  
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 (q) The Trustee shall be under no obligation to effect or maintain insurance or to renew any
policies of insurance or to inquire as to the sufficiency of any policies of insurance carried by the Company or any Guarantor, or to report, or make or file claims or proof of loss for, any loss or damage insured against or that may occur, or to
keep itself informed or advised as to the payment of any taxes or assessments, or to require any such payment to be made. 
 (r) The Trustee
shall not be obligated to acquire possession of or take any action with respect to any property secured by a mortgage or deed of trust, if as a result of such action, the Trustee would be considered to hold title to, to be a “mortgagee in
possession of”, or to be an “owner” or “operator” of such property within the meaning of the Comprehensive Environmental Responsibility Cleanup and Liability Act of 1980, as amended from time to time, unless the Trustee has
previously determined, based upon a report prepared by a person who regularly conducts environmental audits, that (i) the such property is in compliance with applicable environmental laws or, if not, that it would be in the best interest of the
Holders to take such actions as are necessary for such property to comply therewith and (ii) there are not circumstances present at such property relating to the use, management or disposal of any hazardous wastes for which investigation, testing,
monitoring, containment, clean-up or remediation could be required under any federal, state or local law or regulation or that if any such materials are present for which such action could be required, that it would be in the best economic interest
of the Holders to take such actions with respect to such property. Notwithstanding the foregoing, before taking any such action, the Trustee may require that a satisfactory indemnity bond or environmental impairment insurance be furnished to it
for the payment or reimbursement of all expenses to which it may be put and to protect it against all liability resulting from any claims, judgments, damages, losses, fees, penalties or expenses which may result from such action. 

Section 7.03. Individual Rights of Trustee. The Trustee or any Agent in its individual or any other capacity may become the owner
or pledgee of Notes and may otherwise deal with the Company or any Affiliate of the Company with the same rights it would have if it were not Trustee or such Agent. Any Agent may do the same with like rights and duties. The Trustee is also
subject to Section 7.10. 
 Section 7.04. Trustee’s Disclaimer. The Trustee shall not be responsible for and
makes no representation as to the validity or adequacy of this Indenture, the Security Documents or the Notes, it shall not be accountable for the Company’s use of the proceeds from the Notes or any money paid to the Company or upon the
Company’s direction under any provision of this Indenture, it shall not be responsible for the use or application of any money received by any Paying Agent other than the Trustee, and it shall not be responsible for any statement or recital
herein, in the Security Documents or any statement in the Notes or any other document in connection with the sale of the Notes or pursuant to this Indenture other than its certificate of authentication on the Notes. 

  
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 Section 7.05. Notice of Defaults. If a Default or Event of Default occurs and is
continuing and is actually known to a Responsible Officer of the Trustee, the Trustee will give to each Holder a notice of the Default within 90 days after it obtains knowledge thereof. Except in the case of an Event of Default specified in
clauses (1) or (2) of Section 6.01(a), the Trustee may withhold from the Holders notice of any continuing Default if the Trustee determines in good faith that withholding the notice is in the interest of the Holders. The Trustee shall not be
deemed to know of any Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is a Default or an Event of Default is received by the Trustee at its Corporate
Trust Office. 
 Section 7.06. [Reserved]. 

Section 7.07. Compensation and Indemnity. (a) The Company and the Guarantors, jointly and severally, shall pay to the Trustee from
time to time such compensation for its acceptance of this Indenture and services hereunder and under the Notes, the Note Guarantees and the Security Documents as the parties shall agree in writing from time to time. The Trustee’s
compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and expenses incurred or made by it in
addition to the compensation for its services. Such expenses shall include the compensation, disbursements and reasonable expenses of the Trustee’s agents and counsel. 

(b) The Company and the Guarantors, jointly and severally, shall indemnify the Trustee and any predecessor Trustee for, and hold each of the
Trustee and any predecessor Trustee harmless against, any and all loss, damage, claims, liability or expense (including attorneys’ fees and expenses) incurred by it in connection with the acceptance or administration of this trust and the
performance of its duties hereunder (including the costs and expenses of enforcing this Indenture, the Notes, the Note Guarantees and the Security Documents against the Company or any Guarantor (including this Section 7.07)) or defending itself
against any claim whether asserted by any Holder, the Company or any Guarantor, or liability in connection with the acceptance, exercise or performance of any of its powers or duties hereunder). The Trustee shall notify the Company promptly of
any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee may have separate counsel and the
Company shall pay the fees and expenses of such counsel. The Company need not reimburse any expense or indemnify against any loss, liability or expense incurred by the Trustee through the Trustee’s own willful misconduct, negligence or bad
faith as determined by a court of competent jurisdiction in a final, non-appealable decision. 

  
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 (c) The obligations of the Company and the Guarantors under this Section 7.07 shall survive the
satisfaction and discharge of this Indenture or the earlier resignation or removal of the Trustee. 
 (d) To secure the payment obligations
of the Company and the Guarantors in this Section 7.07, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal and interest on particular
Notes. Such Lien shall survive the satisfaction and discharge of this Indenture. 
 (e) When the Trustee incurs expenses or renders
services after an Event of Default specified in Section 6.01(a)(8) or (9) occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of
administration under any Bankruptcy Law. 
 Section 7.08. Replacement of Trustee. (a) A resignation or removal of the Trustee
and appointment of a successor Trustee shall become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.08. The Trustee may resign in writing at any time by giving 30 days’ prior notice
of such resignation to the Company and be discharged from the trust hereby created by so notifying the Company. The Holders of a majority in aggregate principal amount of the then outstanding Notes may remove the Trustee by so notifying the
Trustee and the Company in writing. The Company may remove the Trustee if: 
 (1) the Trustee fails to comply with
Section 7.10; 
 (2) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to
the Trustee under any Bankruptcy Law; 
 (3) a receiver or public officer takes charge of the Trustee or its property; or

 (4) the Trustee becomes incapable of acting. 

(b) If the Trustee resigns or is removed or if a vacancy exists in the office of the Trustee for any reason, the Company shall promptly
appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in aggregate principal amount of the then outstanding Notes may remove the successor Trustee to replace it with another successor
Trustee appointed by the Company. 
 (c) If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is
removed, the retiring Trustee (at the Company’s expense), the Company or the Holders of at least 10% in aggregate principal amount of the then outstanding Notes may petition any court of competent jurisdiction for the appointment of a successor
Trustee. 

  
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 (d) If the Trustee, after written request by any Holder who has been a Holder for at least six
months, fails to comply with Section 7.10, such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

(e) A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Thereupon, the
resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall mail a notice of its succession to
Holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee; provided that all sums owing to the Trustee hereunder have been paid and such transfer shall be subject to the Lien provided
for in Section 7.07. Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Company’s obligations under Section 7.07 shall continue for the benefit of the retiring Trustee. 

(f) As used in this Section 7.08, the term “Trustee” shall also include each Agent. 

Section 7.09. Successor Trustee by Merger, etc. If the Trustee consolidates, merges or converts into, or transfers all or substantially
all of its corporate trust business to, another corporation or national banking association, the successor corporation or national banking association without any further act shall be the successor Trustee, subject to Section 7.10. 

Section 7.10. Eligibility; Disqualification. There shall at all times be a Trustee hereunder that is a corporation or national banking
association organized and doing business under the laws of the United States or of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state
authorities and that has a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition. 

ARTICLE 8 
 LEGAL
DEFEASANCE AND COVENANT DEFEASANCE 
 Section 8.01. Option to Effect Legal
Defeasance or Covenant Defeasance. The Company may, at its option and at any time, elect to have either Section 8.02 or Section 8.03 applied to all outstanding Notes upon compliance with the conditions set forth below in this Article 8.

 Section 8.02. Legal Defeasance and Discharge. (a) Upon the Company’s exercise under Section 8.01 of the option
applicable to this Section 8.02, the Company and the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from their obligations with respect to this Indenture, all
outstanding Notes and Note Guarantees on the date the conditions set forth 

  
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below are satisfied (“Legal Defeasance”). For this purpose, Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire Debt represented by the
outstanding Notes, which shall thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 and the other Sections of this Indenture referred to in clauses (1) through (4) below, and to have satisfied all of its other
obligations under such Notes and this Indenture, including that of the Guarantors (and the Trustee, on demand of and at the expense of the Company, shall execute such instruments as reasonably requested by the Company acknowledging the same), except
for the following provisions which shall survive until otherwise terminated or discharged hereunder: 
 (1) the rights of
Holders to receive payments in respect of the principal, premium, if any, and interest on the Notes when such payments are due, solely out of the trust created pursuant to this Indenture referred to in Section 8.04; 

(2) the Company’s obligations with respect to the Notes concerning issuing temporary Notes, registration of Notes,
mutilated, destroyed, lost or stolen Notes and the maintenance of an office or agency for payment and money for Note payments held in trust; 

(3) the rights, powers, trusts, duties and immunities of the Trustee, and the Company’s obligations in connection
therewith; and 
 (4) this Section 8.02. 

(b) Following the Company’s exercise of its Legal Defeasance option, payment of the Notes may not be accelerated because of an Event of
Default. 
 (c) Subject to compliance with this Article 8, the Company may exercise its option under this Section 8.02 notwithstanding the
prior exercise of its option under Section 8.03. 
 Section 8.03. Covenant Defeasance. Upon the Company’s exercise under
Section 8.01 of the option applicable to this Section 8.03, the Company and the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.04, be released from their obligations under the covenants contained in Sections
3.09, 4.03, 4.06, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13, 4.14, 4.15, 4.16, 4.17, 4.18, 4.19, 4.20, 4.21 and 4.22, with respect to the outstanding Notes, and the Guarantors shall be deemed to have been discharged from their obligations with respect to
all Note Guarantees, on and after the date the conditions set forth in Section 8.04 are satisfied (“Covenant Defeasance”), and the Notes shall thereafter be deemed not “outstanding” for the purposes of any direction,
waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Notes
shall 

  
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not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to this Indenture and the outstanding Notes, the Company may omit to comply
with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any
such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 6.01, but, except as specified above, the remainder of this Indenture, and such
Notes shall be unaffected thereby. In addition, upon the Company’s exercise under Section 8.01 of the option applicable to this Section 8.03, subject to the satisfaction of the conditions set forth in Section 8.04, an Event of Default
specified in Section 6.01(a)(3) (only with respect to the covenants that are released as a result of such Covenant Defeasance), Section 6.01(a)(4) (only with respect to the covenants that are released as a result of such Covenant Defeasance),
6.01(a)(5) (only with respect to covenants that are released as a result of such Covenant Defeasance), 6.01(a)(6), 6.01(a)(7), 6.01(a)(8), 6.01(a)(9), 6.01(a)(11) (solely with respect to Restricted Subsidiaries), 6.01(a)(10) and 6.01(a)(12), in each
case, shall not constitute an Event of Default. 
 Section 8.04. Conditions to Legal or Covenant Defeasance. (a) The following
shall be the conditions to the exercise of either the Legal Defeasance option under Section 8.02 or the Covenant Defeasance option under Section 8.03 with respect to the Notes: 

(1) the Company must irrevocably deposit with the Paying Agent, in trust, for the benefit of the Holders, cash in U.S.
dollars, Government Securities, or a combination thereof, in amounts as will be sufficient, as confirmed, certified or attested by an internationally recognized firm of independent public accountants in writing to the Trustee and Paying Agent,
without consideration of any reinvestment of interest, to pay the principal, premium, if any, and interest due on the outstanding Notes on the Stated Maturity or on the applicable redemption date, as the case may be, and the Company must specify
whether the Notes are being defeased to maturity or to a particular redemption date; 
 (2) in the case of Legal Defeasance,
the Company has delivered to the Trustee and Paying Agent an Opinion of Counsel confirming that, subject to customary assumptions and exclusions, 

(A) the Company has received from, or there has been published by, the U.S. Internal Revenue Service a ruling, or 

(B) since the Issue Date, there has been a change in the applicable U.S. federal income tax law, 

in either case to the effect that, and based thereon such Opinion of Counsel will confirm that beneficial owners of the Notes will not
recognize income, gain or 

  
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loss for U.S. federal income tax purposes as a result of such Legal Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as
would have been the case if such Legal Defeasance had not occurred; 
 (3) in the case of Covenant Defeasance, the Company
has delivered to the Trustee and Paying Agent an Opinion of Counsel confirming that, subject to customary assumptions and exclusions, beneficial owners of the Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a
result of such Covenant Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(4) no Default or Event of Default has occurred and is continuing on the date of such deposit or will occur as a result of
such deposit (other than a Default or an Event of Default resulting from the borrowing of funds to be applied to make such deposit and any similar and simultaneous deposit relating to other Debt and, in each case, the granting of Liens in connection
therewith) and the deposit will not result in a breach or violation of, or constitute a default under, any material agreement or material instrument (other than this Indenture) to which the Company or any Guarantor is a party or by which the Company
or any Guarantor is bound; 
 (5) the Company has delivered to the Trustee and Paying Agent an Officer’s Certificate
stating that the deposit was not made by the Company with the intent of defeating, hindering, delaying or defrauding any creditors of the Company, any Guarantor or others; 

(6) the Company has delivered to the Trustee and Paying Agent an Officer’s Certificate and an Opinion of Counsel (which
Opinion of Counsel may be subject to customary assumptions and exclusions), each stating that all conditions precedent relating to the Legal Defeasance or the Covenant Defeasance, as the case may be, have been complied with; and 

(7) the Company has delivered irrevocable instructions to the Trustee and Paying Agent to apply the deposited money toward the
payment of the Notes at maturity or the redemption date, as the case may be (which instructions may be contained in the Officer’s Certificate referred to in clause (6) above). 

Section 8.05. Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions. (a) Subject to
Section 8.06, all money and Government Securities (including the proceeds thereof) deposited with the Paying Agent pursuant to Section 8.04 in respect of the outstanding Notes shall be held in trust and applied by the Paying Agent, in accordance
with the provisions of such Notes and this Indenture, to the payment, to the Holders of all sums due and to become due thereon in respect of 

  
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principal, premium, if any, and interest on the Notes, but such money need not be segregated from other funds except to the extent required by law. Money and Government Securities so held in
trust are not subject to Article 12. 
 (b) The Company will pay and indemnify the Trustee and Paying Agent against any tax, fee or other
charge imposed on or assessed against the cash or Government Securities deposited pursuant to Section 8.04 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the
Holders. 
 (c) Anything in this Article 8 to the contrary notwithstanding, the Paying Agent will deliver or pay to the Company from time to
time upon the request of the Company any money or Government Securities held by it as provided in Section 8.04 which, in the opinion of an internationally recognized firm of independent public accountants expressed in a written certification thereof
delivered to the Trustee and Paying Agent (which may be the opinion delivered under Section 8.04(a)), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance.

 Section 8.06. Repayment to the Company. Subject to any applicable abandoned property law, any money deposited with the
Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal, premium, if any, or interest on any Note and remaining unclaimed for two years after such principal, premium, if any, or interest has become due and
payable shall be paid to the Company on its request or (if then held by the Company) shall be discharged from such trust; and the Holder of such Note shall thereafter look only to the Company for payment thereof, and all liability of the Trustee or
such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment,
may at the expense of the Company cause to be published once, in The New York Times or The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than
30 days from the date of such notification or publication, any unclaimed balance of such money then remaining shall be repaid to the Company. 

Section 8.07. Reinstatement. If the Trustee or Paying Agent is unable to apply any U.S. dollars or Government Securities in
accordance with Section 8.02 or Section 8.03, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s and the
Guarantors’ obligations under this Indenture, the Notes and the Note Guarantees shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or Section 8.03 until such time as the Trustee or Paying Agent is
permitted to apply all such money in accordance with Section 8.02 or Section 8.03, as the case may be; provided that, if the Company makes any payment of principal, premium, if 

  
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any, or interest on any Note following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders to receive such payment from the money held by the
Trustee or Paying Agent. 
 ARTICLE 9 

AMENDMENT, SUPPLEMENT AND WAIVER 

Section 9.01. Without Consent of Holders. (a) Notwithstanding Section 9.02, without the consent of any Holder, the Company, the
Trustee, the Paying Agent and the Collateral Agent may amend or supplement this Indenture, the Notes or the Security Documents (subject, in the case of the Security Documents, to the rights of the other parties therein): 

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

(2) to comply with Section 5.01; 

(3) to add to the covenants of the Company or the Guarantors for the benefit of Holders of the Notes; 

(4) to comply with any requirement to effect or maintain the qualification of this Indenture under the Trust Indenture Act;

 (5) to surrender any right conferred upon the Company or the Guarantors; 

(6) to evidence and provide for the acceptance of an appointment by a successor Trustee, Paying Agent, Transfer Agent,
Registrar or Collateral Agent; 
 (7) to provide for uncertificated Notes in addition to or in place of certificated Notes;

 (8) to provide for any Note Guarantee, to secure the Notes (including, without limitation, providing for additional
Collateral pursuant to the terms of the Security Documents) or to confirm and evidence the release, termination or discharge of any guarantee of or Lien securing the Notes when such release, termination or discharge is permitted by this Indenture
and the Security Documents; 
 (9) to provide for the succession of any parties to the Security Documents (and other
amendments that are administrative or ministerial in nature) in connection with an amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or other modification from time to time of any agreement that is not
prohibited by this Indenture or the Security Documents; 

  
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 (10) in the case of an joinder, amendment or supplement of the Security
Documents, to provide for any joinder, amendment or supplement permitted by this Indenture and the Security Documents; or 

(11) to make any amendment to the provisions of the Indenture relating to the transfer and legending of Notes as permitted by
the Indenture, including, without limitation to facilitate the issuance and administration of the Notes; provided, however, that such amendment does not adversely affect the rights of Holders to transfer Notes. 

(b) Upon the request of the Company, and upon receipt by the Trustee or Collateral Agent of the documents described in Section 13.04, the
Trustee or Collateral Agent shall join with the Company and the Guarantors in the execution of any amended or supplemental indenture or amendment to the Notes or Security Documents authorized or permitted by the terms of this Indenture and to make
any further appropriate agreements and stipulations that may be therein contained, but neither the Trustee nor the Collateral Agent shall be obligated to enter into such amendment that affects its own rights, duties, liabilities or immunities under
this Indenture or otherwise. 
 Section 9.02. With Consent of Holders. (a) Except as provided in Section 9.01 and this Section
9.02, the Company, the Trustee, the Paying Agent and the Collateral Agent may amend or supplement this Indenture, the Notes and the Security Documents with the consent of the Holders of a majority in principal amount of the Notes then outstanding
(including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes) and, subject to Section 6.04, any existing Default or Event of Default (other than a Default or Event of Default in the
payment of the principal, premium, if any, or interest on the Notes, except a payment default resulting from an acceleration that has been rescinded) or compliance with any provision of this Indenture, the Notes, the Note Guarantees or the Security
Documents may be waived with the consent of the Holders of a majority in principal amount of the Notes then outstanding (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for,
Notes). Section 2.08 and Section 2.09 shall determine which Notes are considered to be “outstanding” for the purposes of this Section 9.02. 

(b) Upon the request of the Company, and upon the filing with the Trustee or Collateral Agent of evidence of the consent of the Holders as
aforesaid, and upon receipt by the Trustee or Collateral Agent of the documents described in Section 13.04, the Trustee or Collateral Agent shall join with the Company and the Guarantors in the execution of such amended or supplemental indenture or
amendment to the Notes or Security Documents unless such amendment directly affects the Trustee’s own rights, duties, liabilities or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be
obligated to, enter into such amendment. 

  
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 (c) It shall not be necessary for the consent of the Holders under this Section 9.02 to approve
the particular form of any proposed amendment, supplement or waiver. It shall be sufficient if such consent approves the substance of such proposed amendment, supplement or waiver. 

(d) After an amendment, supplement or waiver under this Section 9.02 becomes effective, the Company will give to the Holders a notice as
described in Section 13.02(d) briefly describing such amendment, supplement or waiver. However, the failure of the Company to give such notice to all the Holders, or any defect in the notice, will not impair or affect the validity of any such
amendment, supplement or waiver. 
 (e) Without the consent of each affected Holder, an amendment, supplement or waiver under this Section
9.02 may not (with respect to any Notes held by a non-consenting Holder): 
 (1) reduce the rate of or extend the time for
payment of interest on any Note; 
 (2) reduce the principal of any Note or extend the fixed maturity of any Note; 

(3) reduce the amount payable upon redemption of any Note or change the time at which any Note may be redeemed or amend any
provision of Section 3.09; 
 (4) change the currency for payment of principal of, or interest on, any Note; 

(5) impair the right of Holders to institute suit for the enforcement of any payment of principal of, or interest or premium,
if any, on the Notes; 
 (6) waive payment defaults with respect to the Notes; 

(7) reduce the principal amount of Notes whose Holders must consent to any amendment or waiver; 

(8) make any change in the amendment or waiver provisions of this Indenture which require each Holder’s consent; 

(9) modify or change any provision of this Indenture affecting the ranking of the Notes or the Note Guarantees in a manner
adverse to the Holders of the Notes; 

  
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 (10) make any change in the Note Guarantees that would adversely affect the
noteholders in any material respect (unless otherwise permitted pursuant to the terms of this Indenture); or 
 (11) make
any change in the provisions of the Security Documents dealing with the application of the proceeds of Collateral from the Lien under this Indenture and the Security Documents with respect to the Notes that would adversely affect the noteholders
(unless otherwise permitted pursuant to the terms of this Indenture). 
 (f) Without the consent of Holders of at least two-thirds of the
outstanding principal amount of the Notes, this Indenture shall not permit the release of all or substantially all of the Collateral (other than in accordance with the terms of the Security Documents or this Indenture). 

(g) A consent to any amendment, supplement or waiver of this Indenture, the Notes or the Note Guarantee by any Holder given in connection with
a tender of such Holder’s Notes will not be rendered invalid by such tender. 
 Section 9.03. Compliance with Trust Indenture
Act. If this Indenture is qualified under the Trust Indenture Act, every joinder, amendment or supplement to this Indenture or the Notes shall be set forth in an amended or supplemental indenture that complies with the Trust Indenture
Act as then in effect. 
 Section 9.04. Revocation and Effect of Consents. (a) Until an amendment, supplement or waiver becomes
effective, a consent to it by a Holder of a Note is a continuing consent by the Holder of a Note and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the
consent is not made on any Note. However, any such Holder of a Note or subsequent Holder of a Note may revoke the consent as to its Note if the Trustee receives written notice of revocation before the date the waiver, supplement or amendment
becomes effective. An amendment, supplement or waiver becomes effective in accordance with its terms and thereafter binds every Holder. 

(b) The Company may, but shall not be obligated to, fix a record date pursuant to Section 1.05 for the purpose of determining the Holders
entitled to consent to any amendment, supplement or waiver. 
 Section 9.05. Notation on or Exchange of Notes. (a) The Company
may place an appropriate notation about an amendment, supplement or waiver on any Note thereafter authenticated. The Company in exchange for all Notes may issue and the Trustee shall, upon receipt of an Authentication Order, authenticate new
Notes that reflect the amendment, supplement or waiver. 
 (b) Failure to make the appropriate notation or issue a new Note shall not affect
the validity and effect of such amendment, supplement or waiver. 

  
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 Section 9.06. Trustee to Sign Amendments, etc. Upon the request of the Company, the
Trustee and the Collateral Agent, as applicable, shall sign any amendment, supplement or waiver authorized pursuant to this Article 9 if the amendment, supplement or waiver does not adversely affect the rights, duties, liabilities or immunities of
the Trustee or the Collateral Agent, as applicable. In executing any amendment, supplement or waiver, the Trustee and the Collateral agent, as applicable, shall be entitled to receive and (subject to Section 7.01) shall be fully protected in
relying upon, in addition to the documents required by Section 13.04, an Officer’s Certificate and an Opinion of Counsel stating that the execution of such amendment, supplement or waiver is authorized or permitted by this Indenture and the
Security Documents and that such amendment, supplement or waiver is the legal, valid and binding obligation of the Company and any Guarantor party thereto, enforceable against them in accordance with its terms, subject to customary exceptions, and
complies with the provisions hereof (including Section 9.03). 
 ARTICLE 10 

GUARANTEES 

Section 10.01. Note Guarantee. (a) Each Guarantor hereby, jointly and severally, irrevocably and unconditionally, guarantees, on
senior secured basis, to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and the Collateral Agent and their respective successors and assigns, irrespective of the validity and enforceability of this Indenture, the
Notes, the Security Documents or the Obligations of the Company hereunder or thereunder, that: (i) the principal of and interest and premium, if any, on the Notes shall be promptly paid in full or performed when due, whether at maturity, by
acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Notes, if any, if lawful, and all other obligations of the Company to the Holders, the Trustee or to the Collateral Agent hereunder or thereunder
shall be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and (ii) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that same shall be promptly paid in full
or performed when due in accordance with the terms of the extension or renewal, whether at Stated Maturity, by acceleration or otherwise. Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the
Guarantors shall be jointly and severally obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 

(b) The Guarantors hereby agree that their obligations hereunder shall be unconditional, irrespective of the validity, regularity or
enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder with respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any action to
enforce the same or any other circumstance which 

  
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might otherwise constitute a legal or equitable discharge or defense of a guarantor (other than payment in full of all of the obligations of the Company hereunder or under the Notes). Each
Guarantor hereby waives, to the fullest extent permitted by law, diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the
Company, protest, notice and all demands whatsoever and covenants that this Note Guarantee shall not be discharged except by full payment of the obligations contained in the Notes and this Indenture or by release in accordance with the provisions of
this Indenture. 
 (c) Each Guarantor also agrees to pay any and all costs and expenses (including reasonable attorneys’ fees) incurred
by the Trustee, the Collateral Agent or any Holder in enforcing any rights under this Section 10.01. 
 (d) If any Holder or the Trustee is
required by any court or otherwise to return to the Company, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Company or the Guarantors, then any amount paid either to the Trustee or
such Holder, this Note Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect. 
 (e) Each Guarantor
agrees that it shall not be entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guarantor further agrees that, as between
the Guarantors, on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 hereof for the purposes of this Guarantee, notwithstanding any
stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such obligations as provided in Article 6 hereof, such obligations
(whether or not due and payable) shall forthwith become due and payable by the Guarantors for the purpose of this Note Guarantee. The Guarantors shall have the right to seek contribution from any nonpaying Guarantor so long as the exercise of such
right does not impair the rights of the Holders under the Note Guarantees. Each Guarantor that makes a payment under its Note Guarantee shall, to the fullest extent permitted by applicable law, be entitled upon payment in full of all guaranteed
obligations under this Indenture to a contribution from each other Guarantor in an amount equal to such other Guarantor’s pro rata portion of such payment based on the respective net assets of all the Guarantors at the time of such payment
determined in accordance with U.S. GAAP. 
 (f) Until terminated in accordance with Section 10.06, each Note Guarantee shall remain in full
force and effect and continue to be effective should any petition be filed by or against the Company for liquidation, reorganization, should the Company become insolvent or make an assignment for the benefit of creditors or should a receiver or
trustee be appointed for all or any significant part of the Company’s assets, and shall, 

  
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to the fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment of the Notes are, pursuant to applicable law, rescinded or reduced in
amount, or must otherwise be restored or returned by any obligee on the Notes or Note Guarantees, whether as a “voidable preference,” “fraudulent transfer” or otherwise, all as though such payment had not been made. In the
event that any payment or any part thereof, is rescinded, reduced, restored or returned, the Notes shall, to the fullest extent permitted by law, be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or
returned. 
 (g) In case any provision of any Note Guarantee shall be invalid, illegal or unenforceable, the validity, legality, and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 (h) The Note Guarantee issued by any
Guarantor shall be a general secured senior obligation of such Guarantor and shall be pari passu in right of payment with all existing and future Senior Debt of such Guarantor, if any, and secured on a first priority basis in respect
of any Collateral shared with existing and future Senior Debt of such Guarantor. 
 (i) Each payment to be made by a Guarantor in respect of
its Note Guarantee shall be made without set-off, counterclaim, reduction or diminution of any kind or nature. 
 Section 10.02.
Limitation on Guarantor Liability. Each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Note Guarantee of such Guarantor not constitute a fraudulent transfer
or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any Note Guarantee. To effectuate the foregoing intention,
the Trustee, the Holders and the Guarantors hereby irrevocably agree that the obligations of each Guarantor shall be limited to the maximum amount as will, after giving effect to such maximum amount and all other contingent and fixed liabilities of
such Guarantor that are relevant under such laws and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under
this Article 10, result in the obligations of such Guarantor under its Note Guarantee not constituting a fraudulent conveyance or fraudulent transfer under applicable law or being void or voidable under any law relating to insolvency of debtors.

 Section 10.03. Execution and Delivery. To evidence its Note Guarantee set forth in Section 10.01 hereof, each Guarantor
hereby agrees that this Indenture (or a supplemental indenture in the form of Exhibit C hereto) shall be executed on behalf of such Guarantor by one of its authorized officers. 

  
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 Each Guarantor hereby agrees that its Note Guarantee set forth in Section 10.01 hereof shall
remain in full force and effect notwithstanding the absence of the endorsement of any notation of such Note Guarantee on the Notes. 
 If an
officer whose signature is on this Indenture (or a supplemental indenture in the form of Exhibit C hereto) no longer holds that office at the time the Trustee authenticates a Note, the Note Guarantee of such Guarantor shall be valid nevertheless.

 The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Note Guarantee
set forth in this Indenture on behalf of the Guarantors. 
 If required by Section 4.11 hereof, the Company shall cause any Restricted
Subsidiary to comply with the provisions of Section 4.11 hereof and this Article 10, to the extent applicable. 
 Section 10.04.
Subrogation. Each Guarantor shall be subrogated to all rights of Holders against the Company in respect of any amounts paid by any Guarantor pursuant to the provisions of Section 10.01 hereof; provided that, if an Event of Default
has occurred and is continuing, no Guarantor shall be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Company under this Indenture, the Notes or the
Security Documents shall have been paid in full. 
 Section 10.05. Benefits Acknowledged. Each Guarantor acknowledges that it
will receive direct and indirect benefits from the financing arrangements contemplated by this Indenture and that the guarantee and waivers made by it pursuant to its Note Guarantee are knowingly made in contemplation of such benefits. 

Section 10.06. Release of Note Guarantees. (a) A Note Guarantee by a Guarantor shall be automatically and unconditionally released
and discharged, and no further action by such Guarantor, the Company or the Trustee shall be required for the release of such Guarantor’s Note Guarantee, upon: 

(1) (A) a sale or disposition (including by way of consolidation, merger or amalgamation) of all or a portion of the Capital
Stock of such Guarantor following which such Guarantor is no longer a Subsidiary of the Company; 
 (B) a sale or
disposition (including by way of consolidation, merger or amalgamation) of all or substantially all of the assets of such Guarantor to a Person that is not the Company or a Restricted Subsidiary of the Company; 

  
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 (C) the Company’s exercise of its Legal Defeasance option or Covenant
Defeasance option in accordance with Article 8 or the discharge of the Company’s obligations under this Indenture in accordance with the terms of this Indenture; 

(D) the Designation of such Guarantor as an Unrestricted Subsidiary; or 

(E) the release or discharge of such other guarantee that resulted in the creation of such Note Guarantee, except a discharge
or release by or as a result of payment under such guarantee (it being understood that a release subject to a contingent reinstatement will constitute a release for the purposes of this provision, and if any such guarantee is so reinstated, such
guarantee shall also be reinstated to the extent that such Guarantor would then be required to provide a Note Guarantee pursuant to Section 4.11); or 

(F) the liquidation or dissolution of such Guarantor; provided that no Event of Default occurs as a result thereof or
has occurred or is continuing; 
 provided, in each case that the transaction is carried out pursuant to, and in
accordance with, all other applicable provisions of this Indenture; and 
 (2) such Guarantor delivering to the Trustee and
the Collateral Agent an Officer’s Certificate and Opinion of Counsel stating that all conditions precedent provided for in this Indenture relating to such transaction have been complied with. 

(b) At the written request of the Company and upon receipt of the items described in Section 10.06(a)(2) above, the Trustee and the Collateral
Agent shall execute and deliver any documents reasonably requested in order to evidence such release, discharge and termination in respect of the applicable Note Guarantee. 

ARTICLE 11 

COLLATERAL 

Section 11.01. Security Interest. The obligations of the Company under the Notes will be secured by a first priority Lien on the
Collateral, subject to Permitted Liens. The due and punctual payment of the principal of and interest and premium, if any, on the Notes when and due and payable, whether on an interest payment date, at maturity, by acceleration, repurchase,
redemption or otherwise, and interest on the overdue principal of and interest (to the extent permitted by law), if any, whether by the Company pursuant to the Notes or by any Guarantor pursuant to its Note Guarantee and the performance of

  
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all other obligations of the Company and the Guarantors to the Holders, the Trustee or the Collateral Agent under the Indenture, the Notes and the Note Guarantees, according to the terms
hereunder or thereunder, are secured as provided in the Security Documents. Each Holder, by its acceptance thereof, consents and agrees to the terms of the Security Documents (including, without limitation, the provisions providing for release of
Collateral) as the same may be in effect or may be amended from time to time in accordance with their terms and authorizes and directs the Trustee and the Collateral Agent, as applicable, to enter into the Security Documents and to perform its
obligations and exercise its rights thereunder in accordance with the terms hereof and thereof. The Company shall deliver to the Trustee copies of all documents delivered to the Collateral Agent pursuant to the Security Documents, and will do or
cause to be done all such acts and things as may be necessary or proper, or as may be required by the provisions of the Security Documents, to assure and confirm to the Trustee and the Collateral Agent the security interest in the Collateral
contemplated hereby, by the Security Documents or any part thereof, as from time to time constituted, so as to render the same available for the security and benefit of this Indenture and of the Notes and the Note Guarantees secured hereby,
according to the intent and purposes herein expressed. 
 The Collateral will also secure certain of the Company’s and the
Guarantors’ existing and future Second Lien Debt and other obligations permitted under this Indenture to be so secured, provided that an authorized representative of the holders of such Debt shall have executed the Intercreditor Agreement or a
joinder thereto. Under the terms of the Intercreditor Agreement, the proceeds of any collection, sale, disposition or other realization of Collateral received in connection with the exercise of remedies (including distributions of cash, securities
or other property on account of the value of the Collateral in a bankruptcy, insolvency, reorganization or similar proceedings) will be applied first to repay the Notes, Note Guarantees and other obligations under the Indenture. 

The Company will take, and will cause its Subsidiaries to take any and all actions (including those that may be requested by the Trustee or
the Collateral Agent) reasonably required to cause the Security Documents to create and maintain, as security for the obligations of the Company hereunder, a valid and enforceable perfected first priority Lien in and on all the Collateral, in favor
of the Collateral Agent for the benefit of the Holders, the Trustee and the Collateral Agent, subject to Permitted Liens. 
 Section 11.02.
Security Documents. In order to secure the due and punctual payment of the Notes, the Company, the Guarantors, the Collateral Agent, the Trustee and the other parties thereto have entered into the Security Documents. Without
limiting any of the rights and protections (including indemnities) of the Trustee or Collateral Agent hereunder, in the event of a conflict or inconsistency between the terms of this Indenture and the Security Documents, the Security Documents shall
control. 

  
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 The Trustee and the Collateral Agent shall be bound by the terms of the Intercreditor Agreement
and each Holder of a Note, by accepting such Note or beneficial interest therein, agrees to all the terms and provisions of the Intercreditor Agreement and the other Security Documents. Notwithstanding anything to the contrary, (i) the liens
and security interests granted to the Collateral Agent pursuant to the Security Documents and all rights and obligations of the Trustee and Collateral Agent hereunder are expressly subject to the Intercreditor Agreement and (ii) the exercise of any
right or remedy by the Trustee hereunder is subject to the limitation and provisions of the Intercreditor Agreement. Without limiting any of the rights and protections (including indemnities) of the Trustee or Collateral Agent hereunder, in the
event of any conflict or inconsistency between the terms of the Intercreditor Agreement and the terms of this Indenture, the terms of the Intercreditor Agreement shall govern. 

Each Holder, by accepting a Note, agrees that the Liens on the Collateral are subject to the terms of the Intercreditor Agreement. The
Holders, by accepting a Note, hereby agree that the Holders shall comply with the provisions of the Intercreditor Agreement applicable to them in their capacities as such to the same extent as if the Holders were parties thereto. 

Section 11.03. Release of Collateral. (a) The Liens on the Collateral will be released with respect to the Notes and the Note
Guarantees, as applicable: 
 (1) in full, upon satisfaction of the Termination Conditions; 

(2) in part, as to any property constituting Collateral (A) that is sold, transferred or otherwise disposed of by the Company
or any of the Guarantors (other than to the Company or another Guarantor) in a transaction permitted by Section 4.16 hereof and by the Security Documents (to the extent of the interest sold or disposed of), (B) that are assets of, or Equity
Interests in, any Subsidiary that ceases to be a Guarantor in accordance with the terms of this Indenture or (C) becoming an Excluded Asset or Excluded Real Property or that otherwise no longer constitutes Collateral; provided that if
required to effect a transaction resulting in any release under clause (A), (B) or (C) such release may occur contemporaneously with or prior to such transaction if the Company delivers an Officers’ Certificate to the Trustee setting forth in
reasonable detail such requirement; 
 (3) otherwise in accordance with, and as expressly provided for under, this Indenture
or the Security Documents; 
 (4) in whole as to all Collateral that is owned by a Guarantor that is released from its Note
Guarantee in accordance with this Indenture; 
 (5) in whole or in part, with the consent of Holders of the requisite
percentage of Notes in accordance with the provisions of Section 9.02 hereof; and 
 (6) in whole, in accordance with the
provisions of Article 12 hereof. 

  
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 (b) Upon release of the Collateral, the Trustee and the Collateral Agent shall promptly, and are
hereby authorized to, take such actions as reasonably requested by the Company or the Guarantors in order to reconvey to the Company or the Guarantors, as the case may be, the released Collateral and, if necessary, the Collateral Agent shall
cooperate with the Company to, and is hereby authorized to, at the Company’s expense, authorize the filing by the Company of such documents or instruments (that are prepared by the Company and provided to the Collateral Agent) as shall be
necessary to provide for the release by the Collateral Agent of the released Collateral; provided that prior to any such release, the Company shall deliver an Officer’s Certificate and Opinion of Counsel stating that all conditions
precedent to such release have been complied with. 
 (c) Any release of Collateral permitted by this Section 11.03 shall be deemed not to
impair the remaining Liens under this Indenture and the Security Documents in contravention thereof. 
 Section 11.04. Collateral Agent;
Intercreditor Agreement. The Trustee and each of the Holders by acceptance of the Notes hereby acknowledge the appointment of the Collateral Agent under the Security Documents and agree that the Collateral Agent shall have the rights,
duties and responsibilities as set forth in the Security Documents. On the Issue Date, the Trustee and the Collateral Agent is hereby authorized and directed to enter into the Intercreditor Agreement.

The Collateral Agent is hereby authorized to execute and deliver the Security Documents and each applicable Intercreditor Agreement or joinder
thereto. Notwithstanding the foregoing, the Collateral Agent shall not be obligated to take any such action without the direction of the Holders of at least a majority in aggregate principal amount of the Notes and may, at the expense of the
Company, request the direction of the Holders of a majority in aggregate principal amount of the outstanding Notes with respect to any such actions and, upon receipt of the written consent of the Holders of a majority in aggregate principal amount
of the outstanding Notes along with security and indemnity satisfactory to the Collateral Agent, shall take such actions; provided that all actions so taken shall, at all times, be in conformity with the requirements of the Intercreditor
Agreement then extant, if entered into; provided, further, that upon execution of an Intercreditor Agreement, the Collateral Agent shall act at the direction of those directing parties entitled to so direct the Collateral Agent
thereunder and the Collateral Agent shall be protected in the same manner contemplated by this Section. 
 Neither the Trustee, subject to
the provisions of Section 7.01 hereof, nor the Collateral Agent nor any of their respective officers, directors, employees, attorneys or agents shall be responsible or liable (i) for the legality, enforceability, effectiveness or sufficiency of the
Security Documents, for the creation, perfection, priority, sufficiency, maintenance, renewal or protection of any first priority Lien, or for any defect or 

  
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deficiency as to any such matters, or (ii) for any failure to demand, collect, foreclose or realize upon or otherwise enforce any of the first priority Liens or Security Documents or any delay in
doing so; except, in the case of the Collateral Agent, to the extent such action or omission constitutes gross negligence, bad faith or willful misconduct (as determined by a final order of a court of competent jurisdiction that is not subject to
appeal) on the part of the Collateral Agent, or (iii) for the validity or sufficiency of the Collateral or any agreement or assignment contained therein, for the validity of the title, for insuring the Collateral or for the payment of taxes,
charges, assessments or Liens upon the Collateral or otherwise as to the maintenance of the Collateral. 
 The rights, privileges,
protections, immunities and benefits given to the Trustee under this Indenture, including, without limitation, its right to be indemnified and compensated and all other rights, privileges, protections, immunities and benefits set forth in Sections
7.01, 7.02, 7.03 and 7.07, are extended to the Collateral Agent, and its agents, receivers and attorneys, and shall be enforceable by, the Collateral Agent, as if fully set forth in this Section 11.04 with respect to the Collateral Agent, except
that the Collateral Agent shall only be liable for (and shall be indemnified and held harmless to the extent such Losses do not constitute) its gross negligence, bad faith or willful misconduct. In acting under any Security Document, the Collateral
Agent shall enjoy the rights, privileges, protections, immunities and benefits that are extended to the Collateral Agent hereunder. 

Beyond the exercise of reasonable care in the custody of Collateral in its possession, the Collateral Agent will have no duty as to any
Collateral in its possession or control or in the possession or control of any agent or bailee or any income thereon or as to preservation of rights against prior parties or any other rights pertaining thereto and the Collateral Agent will not be
responsible for filing any financing or continuation statements or recording any documents or instruments in any public office at any time or times or otherwise perfecting or maintaining the perfection of any Liens on the Collateral. The Collateral
Agent will be deemed to have exercised reasonable care in the custody of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which it accords property held by it as a collateral agent or any similar
arrangement, and the Collateral Agent will not be liable or responsible for any loss or diminution in the value of any of the Collateral by reason of the act or omission of any carrier, forwarding agency or other agent or bailee selected by the
Collateral Agent in good faith. 
 The Collateral Agent shall not be required to acquire title to an asset for any reason and shall not be
required to carry out any fiduciary or trust obligation for the benefit of another. The Collateral Agent is not a fiduciary and shall not be deemed to have assumed any fiduciary obligation. If the Collateral Agent in its sole discretion believes
that any obligation to take or omit to take any action may cause the Collateral Agent to be considered an “owner or operator” under any environmental laws or otherwise cause the Collateral Agent to incur, or be exposed to, any
environmental 

  
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liability or any liability under any other federal, state or local law, the Collateral Agent reserves the right, instead of taking such action, either to resign as Collateral Agent or to arrange
for the transfer of the title or control of the asset to a court appointed receiver. The Collateral Agent will not be liable to any Person for any environmental liability or any environmental claims or contribution actions under any federal, state
or local law, rule or regulation by reason of the Collateral Agent’s actions and conduct as authorized, empowered and directed hereunder or relating to any kind of discharge or release or threatened discharge or release of any hazardous
materials into the environment. 
 The Collateral Agent may resign or be replaced in accordance with the procedures set forth in Section
7.08 hereof, except that references to the Trustee in such section shall be deemed to be references to the Collateral Agent. If the Collateral Agent consolidates, merges or converts into, or transfers all or substantially all of its corporate
trust business to, another corporation, the successor corporation without any further act will be the successor Collateral Agent. 
 At all
times when the Trustee is not itself the Collateral Agent, the Company shall deliver to the Trustee copies of all Security Documents delivered to the Collateral Agent and copies of all documents delivered to the Collateral Agent pursuant to the
Security Documents. 
 Upon the receipt by the Collateral Agent of a written request of the Company signed by any Officer (a
“Security Document Order”), the Collateral Agent is hereby authorized to execute and enter into, and if satisfactory in form and substance to the Collateral Agent, execute and enter into, without the further consent of any Holder or
the Trustee, any Security Document to be executed after the Issue Date. Such Security Document Order shall (i) state that it is being delivered to the Collateral Agent pursuant to, and is a Security Document Order referred to in, this Section 11.04,
(ii) instruct the Collateral Agent to execute and enter into such Security Document and (iii) certify that all conditions precedent to the execution and delivery of the Security Document have been satisfied. The Holders, by their acceptance of the
Notes, hereby authorize and direct the Collateral Agent to execute such Security Documents. 
 ARTICLE 12 

SATISFACTION AND DISCHARGE 

Section 12.01. Satisfaction and Discharge. (a) This Indenture will be discharged, and will cease to be of further effect as to all
Notes, when: 
 (1) (A) all Notes that have been authenticated, except lost, stolen or destroyed Notes that have been
replaced or paid and Notes for whose payment money has been deposited in trust and thereafter repaid to the Company, have been delivered to the Registrar for cancellation; or 

(B) all Notes that have not been delivered to the Registrar for cancellation (i) have become due and payable, (ii) will become
due and payable at their Stated Maturity within three months or (iii) have been called for redemption by reason of the mailing of a notice of redemption and, in each case, the Company has irrevocably deposited or caused to be deposited with the
Paying Agent as funds in trust solely for the benefit of the holders of the Notes, U.S. dollars or U.S. Government Obligations, in amounts as will be sufficient without consideration of any reinvestment of interest, to pay and discharge the entire
Debt (including all principal interest and premium, if any) on the Notes not delivered to the Registrar for cancellation for principal, premium and accrued interest to the date of maturity or redemption; 

  
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 (2) no Event of Default has occurred and will continue after the date of the
deposit or will occur as a result of the deposit and the deposit will not result in a breach or violation of, or constitute a default under, any other material instrument to which the Company or any Restricted Subsidiary is a party or by which the
Company or any Restricted Subsidiary is bound; 
 (3) the Company or any Restricted Subsidiary has paid or caused to be paid
all other sums payable by it under this Indenture; and 
 (4) the Company has delivered irrevocable instructions to the
Paying Agent under this Indenture to apply the deposited money toward the payment of the Notes at maturity or the redemption date, as the case may be. 

(b) In addition, the Company shall deliver to the Trustee and Paying Agent an Officer’s Certificate and an Opinion of Counsel (which
Opinion of Counsel may be subject to customary assumptions and exclusions) each stating that all conditions precedent to satisfaction and discharge have been satisfied. 

Section 12.02. Application of Trust Money. (a) Subject to the provisions of Section 8.06, all money deposited with the Trustee or
the Paying Agent pursuant to Section 12.01 shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its
own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal, premium, if any, and interest for whose payment such money has been deposited with the Trustee or the Paying Agent, but such money need not be
segregated from other funds except to the extent required by law. 
 (b) If the Trustee or Paying Agent is unable to apply any money or
Government Securities in accordance with Section 12.01 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the
Company’s and any Guarantor’s obligations under this Indenture, the Notes and the Note Guarantees shall be revived and 

  
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reinstated as though no deposit had occurred pursuant to Section 12.01; provided that if the Company has made any payment of principal, premium, if any, or interest on any Notes because of
the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money or Government Securities held by the Trustee or Paying Agent, as the case may be. 

ARTICLE 13 

MISCELLANEOUS 

Section 13.01. [Reserved]. 

Section 13.02. Notices. (a) Any notice or communication to the Company, any Guarantor or the Trustee is duly given if in writing and
(1) delivered in person, (2) mailed by first-class mail (certified or registered, return receipt requested), postage prepaid, or overnight air courier guaranteeing next day delivery or (3) sent by facsimile or electronic transmission (provided
that, with respect to the Trustee, such electronic transmission shall be in the form of a pdf file of a document executed by the required Person) , to its address: 

if to the Company or any Guarantor: 

c/o Cobalt International Energy, Inc. 

920 Memorial City Way, Suite 100 

Houston, Texas 77024 

Fax No.: (713) 579-9184 

Email: jeff.starzec@cobaltintl.com 

Attention: General Counsel 

with a copy to: 

Davis Polk & Wardwell LLP 

450 Lexington Avenue 

New York, New York 10017 

Fax No.: (212) 701-5658 

Email: byron.rooney@davispolk.com 

Attention: Byron B. Rooney, Esq. 

if to the Trustee or Collateral Agent: 

Wilmington Trust, National Association 

50 South Sixth Street, Suite 1290 

Minneapolis, Minnesota 55402 

Attention: Cobalt International Energy, Inc. Administrator 

Fax No: (612) 217-5651 

  
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 The Company, any Guarantor, the Trustee or the Collateral Agent, by like notice, may designate additional or
different addresses for subsequent notices or communications. 
 (b) Notices will be deemed to have been given on the date of mailing or of
publication as aforesaid or, if published on different dates, on the date of the first such publication; provided that any notice or communication delivered to the Trustee shall be deemed effective upon actual receipt thereof. 

(c) Any notice or communication to a Holder shall be mailed by first-class mail (certified or registered, return receipt requested) or by
overnight air courier guaranteeing next day delivery to its address shown on the Note Register or by such other delivery system as the Trustee agrees to accept. Failure to mail a notice or communication to a Holder or any defect in it shall not
affect its sufficiency with respect to other Holders. 
 (d) Where this Indenture provides for notice in any manner, such notice may be
waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not
be a condition precedent to the validity of any action taken in reliance upon such waiver. 
 (e) Notwithstanding any other provision
herein, where this Indenture provides for notice of any event to any Holder of an interest in a Global Note (whether by mail or otherwise), such notice shall be sufficiently given if given to the Depositary for such Note (or its designee), according
to the applicable procedures of such Depositary, if any, prescribed for the giving of such notice. 
 (f) Each of the Trustee and the
Collateral Agent agrees to accept and act upon notice, instructions or directions pursuant to this Indenture sent by unsecured facsimile or electronic transmission; provided, however, that (1) the party providing such written notice,
instructions or directions, subsequent to such transmission of written instructions, shall provide the originally executed instructions or directions to the Trustee in a timely manner, and (2) such originally executed notice, instructions or
directions shall be signed by an authorized representative of the party providing such notice, instructions or directions. Neither the Trustee nor the Collateral Agent shall be liable for any losses, costs or expenses arising directly or indirectly
from the Trustee’s reasonable reliance upon and compliance with such notice, instructions or directions notwithstanding such notice, instructions or directions conflict or are inconsistent with a subsequent notice, instructions or directions.

 (g) If a notice or communication is sent in the manner provided above within the time prescribed, it is duly given, whether or not the
addressee receives it. 
 (h) If the Company mails a notice or communication to Holders, it shall mail a copy to the Trustee and each Agent
at the same time. 

  
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 Section 13.03. Communication by Holders with Other Holders. Holders may communicate
pursuant to TIA § 312(b) with other Holders with respect to their rights under this Indenture or the Notes. The Issuer, the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c). 

Section 13.04. Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Company or any Guarantor
to the Trustee or the Collateral Agent to take any action under this Indenture or Security Documents, the Company or such Guarantor, as the case may be, shall furnish to the Trustee or the Collateral Agent, as applicable: 

(1) an Officer’s Certificate in form and substance reasonably satisfactory to the Trustee or Collateral Agent (which
shall include the statements set forth in Section 13.05) stating that, in the opinion of the signer, all conditions precedent and covenants, if any, provided for in this Indenture or the Security Documents, as applicable, relating to the proposed
action have been complied with; and 
 (2) an Opinion of Counsel in form and substance reasonably satisfactory to the
Trustee or Collateral Agent (which shall include the statements set forth in Section 13.05) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been complied with; provided that no Opinion of Counsel
pursuant to this Section shall be required in connection with the issuance of Notes on the Issue Date. 
 Section 13.05. Statements
Required in Certificate or Opinion. Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate provided pursuant to Section 4.07) shall include: 

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

(2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions
contained in such certificate or opinion are based; 
 (3) a statement that, in the opinion of such Person, he or she has
made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been complied with (and, in the case of an Opinion of Counsel, may be limited to reliance
on an Officer’s Certificate as to matters of fact); and 
 (4) a statement as to whether or not, in the opinion of such
Person, such condition or covenant has been complied with. 

  
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 Section 13.06. Currency Indemnity. (a) U.S. dollars are the sole currency of account
and payment for all sums payable by the Company or the Guarantors under or in connection with the Notes, this Indenture and the guarantees, including damages. Any amount received or recovered in a currency other than U.S. dollars (whether as a
result of, or of the enforcement of, a judgment or order of a court of any jurisdiction, in the winding-up or dissolution of the Company or any of the Guarantors or otherwise) by any holder of a Note in respect of any sum expressed to be due to it
from the Company or the Guarantors will only constitute a discharge to the Company or the Guarantors, as the case may be, to the extent of the U.S. dollar amount which the recipient is able to purchase with the amount so received or recovered in
that other currency on the date of that receipt or recovery (or, if it is not practicable to make that purchase on that date, on the first date on which it is practicable to do so). If that U.S. dollar amount is less than the U.S. dollar amount
expressed to be due to the recipient under any Note, the Company will indemnify such holder against any loss sustained by it as a result; and if the amount of U.S. dollars so purchased is greater than the sum originally due to such holder, such
holder will promptly remit such excess to the Paying Agent who will in turn remit such amount to the Company. In any event, the Company will indemnify the recipient against the cost of making any such purchase. 

(b) For the purposes of the preceding subsection, it will be sufficient for the holder of a Note to certify in a satisfactory manner
(indicating the sources of information used) that it would have suffered a loss had an actual purchase of U.S. dollars been made with the amount so received in that other currency on the date of receipt or recovery (or, if a purchase of U.S. dollars
on such date had not been practicable, on the first date on which it would have been practicable, it being required that the need for a change of date be certified in the manner mentioned above). These indemnities constitute a separate and
independent obligation from the other obligations of the Company and the Guarantors, will give rise to a separate and independent cause of action, will apply irrespective of any indulgence granted by any holder of a Note and will continue in full
force and effect despite any other judgment, order, claim or proof for a liquidated amount in respect of any sum due under any Note. 

Section 13.07. Consent to Jurisdiction and Service; Waiver of Immunities. In relation to any legal action or proceedings arising
out of or in connection with this Indenture, the Notes and the Guarantees, the Company and each Guarantor hereby irrevocably submit to the non-exclusive jurisdiction of the U.S. federal and state courts in the Borough of Manhattan in the City of New
York, County and State of New York, United States of America.
 The Company and each Guarantor irrevocably waives and agrees not to assert,
by way of motion, as a defense, or otherwise in any such suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of the above-mentioned courts for any reason whatsoever, that such suit, action or proceeding is
brought in an inconvenient forum or that the venue for such suit is improper, or that this Indenture, the Notes, the Guarantees or the Security Documents or the subject matter hereof or thereof may not be enforced in such courts. 

  
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 The Company and the Guarantors agree that a final judgment in any such suit, action or proceeding
shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Section 13.07 shall affect the right of the Trustee or Collateral Agent to serve legal process in any
other manner permitted by law or affect the right of the Trustee to bring any action or proceeding against the Company or any Guarantor or its property in the courts of any other jurisdictions. 

Section 13.08. Rules by Trustee and Agents. The Trustee may make reasonable rules for action by or at a meeting of
Holders. The Collateral Agent, Registrar, Transfer Agent or Paying Agent may make reasonable rules and set reasonable requirements for its functions. 

Section 13.09. No Personal Liability of Directors, Officers, Employees, Members, Partners and Stockholders. No past, present or
future director, officer, employee, incorporator, member, partner or stockholder of the Company or any Guarantor, as such, shall have any liability for any obligations of the Company or any Guarantor (other than the Company in respect of the Notes
and each Guarantor in respect of its Note Guarantee) under the Notes, the Note Guarantees or this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. 

Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance
of the Notes. 
 Section 13.10. Governing Law. THIS INDENTURE AND THE NOTES WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK.. 
 Section 13.11. Waiver of Jury Trial. EACH OF THE COMPANY, THE GUARANTORS, THE
TRUSTEE, THE COLLATERAL AGENT, THE TRANSFER AGENT, THE PAYING AGENT AND THE REGISTRAR HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING
TO THIS INDENTURE, THE NOTES, THE NOTE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 Section 13.12. Force Majeure. In
no event shall the Trustee or the Collateral Agent be responsible or liable for any failure or delay in the performance of its obligations under this Indenture arising out of or caused by, directly or indirectly, forces beyond its reasonable
control, including without limitation strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities,

  
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communications or computer (software or hardware) services; it being understood that the Trustee or the Collateral Agent shall use reasonable efforts which are consistent with accepted practices
in the banking industry to resume performance as soon as practicable under the circumstances. 
 Section 13.13. No Adverse Interpretation
of Other Agreements. This Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or its Restricted Subsidiaries or of any other Person. Any such indenture, loan or debt agreement may not be
used to interpret this Indenture. 
 Section 13.14. Successors. All agreements of the Company in this Indenture and the Notes
shall bind its successors. All agreements of the Trustee in this Indenture shall bind its successors. All agreements of each Guarantor in this Indenture shall bind its successors, except as otherwise provided in Section 10.06. 

Section 13.15. Severability. In case any provision in this Indenture or in the Notes shall be invalid, illegal or unenforceable,
the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section
13.16. Counterpart Originals. The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 

Section 13.17. Table of Contents, Headings, etc. The Table of Contents, Cross-Reference Table and headings of the Articles and
Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part of this Indenture and shall in no way modify or restrict any of the terms or provisions hereof. 

Section 13.18. Facsimile and PDF Delivery of Signature Pages. The exchange of copies of this Indenture and of signature pages by
facsimile or portable document format (“PDF”) transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all
purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

Section 13.19. U.S.A. PATRIOT Act. The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. PATRIOT Act,
Wilmington Trust, National Association (in each of its capacities hereunder) is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with it. The
parties to this Indenture agree that they will provide Wilmington Trust, National Association (in each of its capacities hereunder) with such information as it may request in order for the Trustee to satisfy the requirements of the U.S.A. PATRIOT
Act. 

  
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 Section 13.20. Payments Due on Non-Business Days. In any case where any Interest
Payment Date, redemption date or repurchase date or the Stated Maturity of the Notes shall not be a Business Day, then (notwithstanding any other provision of this Indenture or of the Notes) payment of principal, premium, if any, or interest on the
Notes need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the Interest Payment Date, redemption date or repurchase date, or at the Stated Maturity of the Notes, provided
that no interest will accrue for the period from and after such Interest Payment Date, redemption date, repurchase date or Stated Maturity, as the case may be. 

Section 13.21. Accounting Provisions. Except as otherwise expressly provided herein, all terms of an accounting or financial
nature shall be construed in accordance with U.S. GAAP, as in effect from time to time; provided, that the Company shall have the sole discretion to give effect to, for purposes of this Indenture, any change, modification, restatement,
reinterpretation or revision of U.S. GAAP (or its application thereof) after the Issue Date that results in the Company’s operating leases or licenses to be reclassified or otherwise treated as capital leases. 

[Signatures on following page] 

  
 121 

 
					
	COBALT INTERNATIONAL ENERGY, INC.
		
	By:	 	 /s/ David D. Powell

		 	Name:	 	David D. Powell
		 	Title:	 	Chief Financial Officer and Executive Vice President
	
	COBALT INTERNATIONAL ENERGY L.P.
	
	By: COBALT INTERNATIONAL ENERGY GP, LLC, its general partner
		
	By:	 	 /s/ David D. Powell

		 	Name:	 	David D. Powell
		 	Title:	 	Authorized Officer
	
	COBALT INTERNATIONAL ENERGY GP, LLC
		
	By:	 	 /s/ David D. Powell

		 	Name:	 	David D. Powell
		 	Title:	 	Authorized Officer
	
	Cobalt GOM LLC
		
	By:	 	 /s/ David D. Powell

		 	Name:	 	David D. Powell
		 	Title:	 	Authorized Officer
	
	COBALT GOM #1 LLC
		
	By:	 	 /s/ David D. Powell

		 	Name:	 	David D. Powell
		 	Title:	 	Authorized Officer

 
					
	COBALT GOM #2 LLC
		
	By:	 	 /s/ David D. Powell

		 	Name:	 	David D. Powell
		 	Title:	 	Authorized Officer

  
 [Signature Page to
Indenture for 10.750% First-Lien Senior Secured Notes due 2021] 

 
					
	WILMINGTON TRUST, NATIONAL ASSOCIATION, AS TRUSTEE
		
	By:	 	 /s/ Jane Schweiger

		 	Name:	 	Jane Schweiger
		 	Title:	 	Vice President
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION, AS COLLATERAL AGENT
		
	By:	 	 /s/ Jane Schweiger

		 	Name:	 	Jane Schweiger
		 	Title:	 	Vice President

  
 [Signature Page to
Indenture for 10.750% First-Lien Senior Secured Notes due 2021] 

 APPENDIX A 

PROVISIONS RELATING TO THE NOTES 
  

	Section 1.1	Definitions. 

 (a) Capitalized Terms. 

Capitalized terms used but not defined in this Appendix A have the meanings given to them in this Indenture. The following capitalized terms
have the following meanings: 
 “Applicable Procedures” means, with respect to any transfer or transaction involving a
Global Note or beneficial interest therein, the rules and procedures of the Depositary for such Global Note, Euroclear or Clearstream, in each case to the extent applicable to such transaction and as in effect from time to time. 

“Clearstream” means Clearstream Banking, Société Anonyme, or any successor securities clearing agency. 

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

“Euroclear” means Euroclear Bank S.A./N.Y., as operator of Euroclear systems Clearance System or any successor securities
clearing agency. 
 “IAI” means an institution that is an “accredited investor” as described in Rule
501(a)(1), (2), (3) or (7) under the Securities Act and is not a QIB. 
 “QIB” means a “qualified institutional
buyer” as defined in Rule 144A. 
 “Regulation S” means Regulation S promulgated under the Securities Act. 

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

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

“Unrestricted Global Note” means any Note in global form that does not bear or is not required to bear the Restricted Notes
Legend. 
 “U.S. person” means a U.S. Person as defined in Rule 902(k) promulgated under the Securities Act. 

(b) Other Definitions. 
  

			
	 Term:
	  	 Defined in

Section:

		
	“Agent Members”	  	2.1(c)
	“Definitive Notes Legend”	  	2.2(e)

			
	 Term:
	  	 Defined in

Section:

		
	“ERISA Legend”	  	2.2(e)
	“Global Note”	  	2.1(b)
	“Global Notes Legend”	  	2.2(e)
	“IAI Global Note”	  	2.1(b)
	“Regulation S Global Note”	  	2.1(b)
	“Regulation S Notes”	  	2.1(a)
	“Restricted Notes Legend”	  	2.2(e)
	“Rule 144A Global Note”	  	2.1(b)
	“Rule 144A Notes”	  	2.1(a)

  

	Section 2.1	Form and Dating 

 (a) The Notes issued on the date hereof shall be resold initially only to (1)
QIBs in reliance on Rule 144A (“Rule 144A Notes”) and (2) Persons other than U.S. persons in reliance on Regulation S (“Regulation S Notes”). 

(b) Global Notes. Rule 144A Notes shall be issued initially in the form of one or more permanent global Notes in definitive, fully
registered form, numbered RA-1 upward (collectively, the “Rule 144A Global Note”) and Regulation S Notes shall be issued initially in the form of one or more global Notes, numbered RS-1 upward (collectively, the “Regulation
S Global Note”), in each case without interest coupons and bearing the Global Notes Legend and Restricted Notes Legend, which shall be deposited on behalf of the purchasers of the Notes represented thereby with the Custodian, and registered
in the name of the Depositary or a nominee of the Depositary, duly executed by the Company and authenticated by the Trustee as provided in this Indenture. One or more global Notes in definitive, fully registered form without interest coupons and
bearing the Global Notes Legend and the Restricted Notes Legend, numbered RIAI-1 upward (collectively, the “IAI Global Note”) shall also be issued on the Issue Date, deposited with the Custodian, and registered in the name of the
Depositary or a nominee of the Depositary, duly executed by the Company and authenticated by the Trustee as provided in this Indenture to accommodate transfers of beneficial interests in the Notes to IAIs subsequent to the initial distribution. The
Rule 144A Global Note, the IAI Global Note, the Regulation S Global Note and any Unrestricted Global Note are each referred to herein as a “Global Note” and are collectively referred to herein as “Global
Notes.” Each Global Note shall represent such of the outstanding Notes as shall be specified in the “Schedule of Exchanges of Interests in the Global Note” attached thereto and each shall provide that it shall
represent the aggregate principal amount of Notes from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes represented thereby may from time to time be reduced or increased, as applicable, to reflect exchanges
and redemptions. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of outstanding Notes represented thereby shall be made by the Trustee or the Custodian, at the direction of the
Trustee, in accordance with instructions given by the Holder thereof as required by Section 2.06 of this Indenture and Section 2.2(c) of this Appendix A. 

(c) Book-Entry Provisions. This Section 2.1(c) shall apply only to a Global Note deposited with or on behalf of the Depositary. 

  
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 The Company shall execute and the Trustee shall, in accordance with this Section 2.1(c) and
Section 2.02 of this Indenture and pursuant to an order of the Company signed by one Officer of the Company, authenticate and deliver initially one or more Global Notes that (i) shall be registered in the name of the Depositary for such Global Note
or Global Notes or the nominee of such Depositary and (ii) shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s instructions or held by the Trustee as Custodian. 

Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under this Indenture with respect to
any Global Note held on their behalf by the Depositary or by the Trustee as Custodian or under such Global Note, and the Depositary may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of such
Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other authorization
furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices of such Depositary governing the exercise of the rights of a holder of a beneficial interest in any Global Note. 

(d) Definitive Notes. Except as provided in Section 2.2 or Section 2.3 of this Appendix A, owners of beneficial interests in Global
Notes shall not be entitled to receive physical delivery of Definitive Notes. 
  

	Section 2.2	Transfer and Exchange. 

 (a) Transfer and Exchange of Definitive Notes for Definitive
Notes. When Definitive Notes are presented to the Registrar with a request: 
 (i) to register the transfer of such
Definitive Notes; or 
 (ii) to exchange such Definitive Notes for an equal principal amount of Definitive Notes of other
authorized denominations, 
 the Registrar shall register the transfer or make the exchange as requested if its reasonable requirements for such transaction
are met; provided, however, that the Definitive Notes surrendered for transfer or exchange: 
 (1) shall be
duly endorsed or accompanied by a written instrument of transfer in form reasonably satisfactory to the Company and the Registrar, duly executed by the Holder thereof or his attorney duly authorized in writing; and 

(2) in the case of Transfer Restricted Notes, they are being transferred or exchanged pursuant to an effective registration
statement under the Securities Act or pursuant to Section 2.2(b) of this Appendix A or otherwise in accordance with the Restricted Notes Legend, and are accompanied by a certification from the transferor in the form provided on the reverse side of
the Form of Note in Exhibit A for exchange or registration of transfers and, as applicable, delivery of such legal opinions, certifications and other information as may be requested by the Company or the Trustee pursuant thereto. 

  
 127 

 (b) Restrictions on Transfer of a Definitive Note for a Beneficial Interest in a Global
Note. A Definitive Note may not be exchanged for a beneficial interest in a Global Note except upon satisfaction of the requirements set forth below. Upon receipt by the Trustee of a Definitive Note, duly endorsed or accompanied by a written
instrument of transfer in form reasonably satisfactory to the Company and the Registrar, together with: 
 (i) a
certification from the transferor in the form provided on the reverse side of the Form of Note in Exhibit A for exchange or registration of transfers and, as applicable, delivery of such legal opinions, certifications and other information as
may be requested by the Company or the Trustee pursuant thereto; and 
 (ii) written instructions directing the Trustee to
make, or to direct the Custodian to make, an adjustment on its books and records with respect to such Global Note to reflect an increase in the aggregate principal amount of the Notes represented by the Global Note, such instructions to contain
information regarding the Depositary account to be credited with such increase, 
 the Trustee shall cancel such Definitive Note and cause, or direct the
Custodian to cause, in accordance with the standing instructions and procedures existing between the Depositary and the Custodian, the aggregate principal amount of Notes represented by the Global Note to be increased by the aggregate principal
amount of the Definitive Note to be exchanged and shall credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Global Note equal to the principal amount of the Definitive Note so
canceled. If the applicable Global Note is not then outstanding, the Company shall issue and the Trustee shall authenticate, upon an Authentication Order, a new applicable Global Note in the appropriate principal amount. 

(c) Transfer and Exchange of Global Notes. 

(i) The transfer and exchange of Global Notes or beneficial interests therein shall be effected through the Depositary, in accordance with
this Indenture (including applicable restrictions on transfer set forth in Section 2.2(d) of this Appendix A, if any) and the procedures of the Depositary therefor. A transferor of a beneficial interest in a Global Note shall deliver to the
Registrar a written order given in accordance with the Depositary’s procedures containing information regarding the participant account of the Depositary to be credited with a beneficial interest in another Global Note and such

  
 128 

 
account shall be credited in accordance with such order with a beneficial interest in the applicable Global Note and the account of the Person making the transfer shall be debited by an amount
equal to the beneficial interest in the Global Note being transferred. 
 (ii) If the proposed transfer is a transfer of a beneficial
interest in one Global Note to a beneficial interest in another Global Note, the Registrar shall reflect on its books and records the date and an increase in the principal amount of the Global Note to which such interest is being transferred in an
amount equal to the principal amount of the interest to be so transferred, and the Registrar shall reflect on its books and records the date and a corresponding decrease in the principal amount of the Global Note from which such interest is being
transferred. 
 (iii) Notwithstanding any other provisions of this Appendix A (other than the provisions set forth in Section 2.3 of this
Appendix A), a Global Note may not be transferred except as a whole and not in part if the transfer is by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by
the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. 
 (d) Restrictions on Transfer
of Global Notes; Voluntary Exchange of Interests in Transfer Restricted Global Notes for Interests in Unrestricted Global Notes. 
 (i)
Transfers by an owner of a beneficial interest in a Rule 144A Global Note or an IAI Global Note to a transferee who takes delivery of such interest through another Transfer Restricted Global Note shall be made in accordance with the Applicable
Procedures and the Restricted Notes Legend and only upon receipt by the Trustee of a certification from the transferor in the form provided on the reverse side of the Form of Note in Exhibit A for exchange or registration of transfers and, as
applicable, delivery of such legal opinions, certifications and other information as may be requested pursuant thereto. In addition, in the case of a transfer of a beneficial interest in either a Regulation S Global Note or a Rule 144A Global Note
for an interest in an IAI Global Note, the transferee must furnish a signed letter substantially in the form of Exhibit B to the Trustee. 

(ii) Until the Resale Restriction Termination Date, any Note will bear the Restricted Notes Legend unless: 

(A) such Note was transferred (1) to the Company or any Guarantor (within the meaning of Rule 144) or (2) pursuant to a registration statement
that was effective under the Securities Act at the time of such transfor; or 
 (B) such Note was transferred pursuant to the exemption from
registration provided by Rule 144 or any similar provision then in force under the Securities Act (subject to the requirements set forth in clause (iv) below); or 

(C) the Company delivers written notice to the Trustee (including, without limitation, by the Company’s delivery of an Officer’s
Certificate to the Trustee for removal of the Restricted Notes Legend and authentication of one or more Unrestricted Global Notes (each a “Free Transferability Certificate”) as provided herein) stating that the Restricted Notes
legend may be removed from such Note and all Applicable Procedures have been complied with. 

  
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 (iii) During the Distribution Compliance Period, beneficial ownership interests in the Regulation
S Global Note may only be sold, pledged or transferred through Euroclear or Clearstream in accordance with the Applicable Procedures, the Restricted Notes Legend on such Regulation S Global Note and any applicable securities laws of any state of the
U.S. Prior to the expiration of the Distribution Compliance Period, transfers by an owner of a beneficial interest in the Regulation S Global Note to a transferee who takes delivery of such interest through a Rule 144A Global Note or an IAI Global
Note shall be made only in accordance with the Applicable Procedures and the Restricted Notes Legend and upon receipt by the Trustee of a written certification from the transferor of the beneficial interest in the form provided on the reverse side
of the Form of Note in Exhibit A for exchange or registration of transfers. Such written certification shall no longer be required after the expiration of the Distribution Compliance Period. Upon the expiration of the Distribution Compliance
Period, beneficial ownership interests in the Regulation S Global Note shall be transferable in accordance with applicable law and the other terms of this Indenture. 

(iv) Upon the expiration of the Distribution Compliance Period, beneficial interests in the Regulation S Global Note may be exchanged for
beneficial interests in an Unrestricted Global Note upon certification in the form provided on the reverse side of the Form of Note in Exhibit A for an exchange from a Regulation S Global Note to an Unrestricted Global Note. 

(v) Beneficial interests in a Transfer Restricted Note that is a Rule 144A Global Note or an IAI Global Note may be exchanged for beneficial
interests in an Unrestricted Global Note if the Holder certifies in writing to the Registrar that its request for such exchange is in respect of a transfer made in reliance on Rule 144 (such certification to be in the form set forth on the reverse
side of the Form of Note in Exhibit A) and/or upon delivery of such legal opinions, certifications and other information as the Company or the Registrar may reasonably request. 

(vi) If no Unrestricted Global Note is outstanding at the time of a transfer contemplated by the preceding clauses (iv) and (v), the Company
shall issue and the Trustee shall authenticate a new Unrestricted Global Note in the appropriate principal amount. 
 (e) Legends.

 (i) Except as permitted by Section 2.2(d) and this Section 2.2(e) of this Appendix A, each Note certificate evidencing the Global Notes
and the Definitive Notes (and all Notes issued in exchange therefor or in substitution thereof) shall bear a legend in substantially the form below until the date that is one year after the Issue Date (each defined term in the legend being defined
as such for purposes of the legend only) (“Restricted Notes Legend”).

  
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 THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF
IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT
HAS PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS [IN THE CASE OF RULE 144A NOTES: ONE YEAR AFTER THE LATER OF THE ORIGINAL
ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE COMPANY OR ANY AFFILIATE OF THE COMPANY WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY)] [IN THE CASE OF REGULATION S NOTES: 40 DAYS AFTER THE LATER OF THE ORIGINAL ISSUE
DATE HEREOF AND THE DATE ON WHICH THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY) WAS FIRST OFFERED TO PERSONS OTHER THAN DISTRIBUTORS (AS DEFINED IN RULE 902 OF REGULATION S UNDER THE SECURITIES ACT) IN RELIANCE ON REGULATION S], ONLY (A) TO
THE COMPANY OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT
(“RULE 144A”), TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE
IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT, (E) TO AN INSTITUTIONAL
“ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AND THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL
ACCREDITED INVESTOR, IN EACH CASE IN A MINIMUM PRINCIPAL AMOUNT OF SECURITIES OF AT LEAST $250,000 OR (F) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE COMPANY’S AND THE
TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D), (E) OR (F) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, 

  
 131 

 
CERTIFICATION AND/ OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE. [IN THE CASE OF
REGULATION S NOTES: BY ITS ACQUISITION HEREOF, THE HOLDER HEREOF REPRESENTS THAT IT IS NOT A U.S. PERSON NOR IS IT PURCHASING FOR THE ACCOUNT OF A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH
REGULATION S UNDER THE SECURITIES ACT.] 
 THIS NOTE WAS ISSUED WITH ORIGINAL ISSUE DISCOUNT FOR UNITED STATES FEDERAL INCOME TAX PURPOSES.
UPON REQUEST, THE ISSUER WILL PROMPTLY MAKE AVAILABLE TO A HOLDER OF THIS NOTE INFORMATION REGARDING THE ISSUE PRICE, THE AMOUNT OF ORIGINAL ISSUE DISCOUNT, THE ISSUE DATE AND THE YIELD TO MATURITY OF THIS NOTE. HOLDERS SHOULD CONTACT DAVID D.
POWELL, CHIEF FINANCIAL OFFICER AND EXECUTIVE VICE PRESIDENT, AT (713) 579-9104, OR 920 MEMORIAL CITY WAY, SUITE 100, HOUSTON, TEXAS 77024. 

Each Definitive Note shall bear the following additional legend (“Definitive Notes Legend”): 

IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH
REGISTRAR AND TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 
 Each Global
Note shall bear the following additional legend (“Global Notes Legend”): 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE
OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

  
 132 

 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO
DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE
REVERSE HEREOF. 
 THIS GLOBAL NOTE WAS ISSUED WITH ORIGINAL ISSUE DISCOUNT FOR UNITED STATES FEDERAL INCOME TAX PURPOSES. UPON REQUEST, THE
ISSUER WILL PROMPTLY MAKE AVAILABLE TO THE HOLDER OF THIS GLOBAL NOTE INFORMATION REGARDING THE ISSUE PRICE, THE AMOUNT OF ORIGINAL ISSUE DISCOUNT, THE ISSUE DATE AND THE YIELD TO MATURITY OF THIS GLOBAL NOTE. THE HOLDER SHOULD CONTACT DAVID D.
POWELL, CHIEF FINANCIAL OFFICER AND EXECUTIVE VICE PRESIDENT, AT (713) 579-9104, OR 920 MEMORIAL CITY WAY, SUITE 100, HOUSTON, TEXAS 77024. 

Each Note shall bear the following additional legend (“ERISA Legend”): 

BY ITS ACQUISITION OF THIS SECURITY, THE HOLDER THEREOF WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT EITHER (1) NO PORTION OF THE
ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY CONSTITUTES THE ASSETS OF AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OF A PLAN,
INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) OR PROVISIONS UNDER ANY OTHER FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER LAWS OR
REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR (2)
THE ACQUISITION AND HOLDING OF THIS SECURITY WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS. 

(ii) Upon any sale or transfer of a Transfer Restricted Note that is a Definitive Note, the Registrar shall permit the Holder thereof to
exchange such Transfer Restricted Note for a Definitive Note that does not bear the Restricted Notes Legend and the Definitive Notes Legend and rescind any restriction on the transfer of such Transfer Restricted Note if the Holder certifies in
writing to the Registrar that its request for such exchange is in respect of a transfer made in reliance on Rule 144 (such certification to be 

  
 133 

 
in the form set forth on the reverse side of the Form of Note in Exhibit A) and provides such legal opinions, certifications and other information as the Company or the Trustee may
reasonably request. 
 (iii) Upon the expiration of the time period described in clause (i) of this Section 2.2(e), the Company shall use
reasonable efforts to effect an exchange of every beneficial interest in each Restricted Global Note for beneficial interests in Global Notes that do not bear any Restricted Notes Legend. To effect such mandatory exchange, the Company will (A)
deliver to the Depositary an instruction letter for the Depositary’s mandatory exchange process at least 15 days prior to the date set for such mandatory exchange (or such shorter time as may be permitted by the Applicable Procedures) and (B)
deliver to the Trustee an Authentication Order instructing the Trustee to authenticate and deliver the Notes without Restricted Legends, a duly completed Free Transferability Certificate and an Opinion of Counsel to the effect that the Restricted
Notes Legend may be removed from such Notes to be exchanged. The first date on which the Trustee shall have received such Free Transferability Certificate will be known as the “Resale Restriction Termination Date.” Immediately
upon receipt of the documents set forth in clause (B) above by each of the Trustee and the Registrar, the Company shall issue, and the Trustee and Registrar shall authenticate and deliver a Note (or Notes) without any Restricted Notes Legend; 

(iv) Prior to the Company’s delivery of the Free Transferability Certificate and afterwards, the Company and the Trustee will comply with
the Applicable Procedures and otherwise use reasonable efforts to cause each Global Note to be identified by an unrestricted CUSIP number in the facilities of the Depositary by the date the Free Transferability Certificate is delivered to the
Trustee and the Registrar or as promptly as possible thereafter. 
 (v) Notwithstanding anything to the contrary in this Section 2.2(e), the
Company will not be required to deliver the Free Transferability Certificate or an Opinion of Counsel if it reasonably believes that removal of the Restricted Notes Legend or the changes to the CUSIP numbers for the Notes could result in or
facilitate transfers of the Notes in violation of applicable law. 
 (f) Cancellation or Adjustment of Global Note. At such time as
all beneficial interests in a Global Note have either been exchanged for Definitive Notes, transferred in exchange for an interest in another Global Note, redeemed, repurchased or canceled, such Global Note shall be returned by the Depositary to the
Trustee for cancellation or retained and canceled by the Trustee. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for Definitive Notes, transferred in exchange for an interest in another Global Note,
redeemed, repurchased or canceled, the principal amount of Notes represented by such Global Note shall be reduced and an adjustment shall be made on the books and records of the Registrar (if it is then the Custodian for such Global Note) with
respect to such Global Note, by the Registrar or the Custodian, to reflect such reduction. 

  
 134 

 (g) Obligations with Respect to Transfers and Exchanges of Notes. 

(i) To permit registrations of transfers and exchanges, the Company shall execute and the Trustee shall authenticate, Definitive Notes and
Global Notes at the Registrar’s request. 
 (ii) No service charge shall be imposed in connection with any registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover any transfer tax, assessments, or similar governmental charge payable in connection therewith (other than any such transfer taxes, assessments or similar governmental charge
payable upon exchanges pursuant to Section 2.10, Section 3.06, Section 3.09, Section 4.15, Section 4.16, Section 4.18 and Section 9.05 of this Indenture). 

(iii) Prior to the due presentation for registration of transfer of any Note, the Company, the Trustee, the Paying Agent or the Registrar may
deem and treat the person in whose name a Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal, premium, if any, and interest on such Note and for all other purposes whatsoever, whether or not such
Note is overdue, and none of the Company, the Trustee, the Paying Agent or the Registrar shall be affected by notice to the contrary. 

(iv) All Notes issued upon any transfer or exchange pursuant to the terms of this Indenture shall evidence the same debt and shall be entitled
to the same benefits under this Indenture as the Notes surrendered upon such transfer or exchange. 
 (v) In order to effect any transfer or
exchange of an interest in any Transfer Restricted Note for an interest in a Note that does not bear the Restricted Notes Legend and has not been registered under the Securities Act, if the Registrar or the Company so requests or if the Applicable
Procedures so require, an Opinion of Counsel, in form reasonably acceptable to the Registrar and the Company to the effect that no registration under the Securities Act is required in respect of such exchange or transfer or the re-sale of such
interest by the beneficial holder thereof, shall be required to be delivered to the Registrar and the Trustee. 
 (h) No Obligation of
the Trustee. 
 (i) The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Note, a member of, or a
participant in the Depositary or any other Person with respect to the accuracy of the records of the Depositary or its nominee or of any participant or member thereof, with respect to any ownership interest in the Notes or with respect to the
delivery to any participant, member, beneficial owner or other Person (other than the Depositary) of any notice (including any notice of redemption or repurchase) or the payment of any amount, under or with respect to such Notes. All notices and
communications to be given to the Holders and all payments to be made to Holders under the Notes shall be given or made only to the registered Holders (which shall be the Depositary or its nominee in the case of a Global Note). The rights of
beneficial owners in any Global Note shall be exercised only through the Depositary subject to the applicable rules and procedures of the Depositary. The Trustee may rely and shall be fully protected in relying upon information furnished by the
Depositary with respect to its members, participants and any beneficial owners. 
 (ii) The Trustee shall have no obligation or duty to
monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Depositary
participants, members or beneficial owners in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this
Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 

  
 135 

	Section 2.3	Definitive Notes. 

 (a) A Global Note deposited with the Depositary or with the Trustee
as Custodian pursuant to Section 2.1 may be transferred to the beneficial owners thereof in the form of Definitive Notes in an aggregate principal amount equal to the principal amount of such Global Note, in exchange for such Global Note, only if
such transfer complies with Section 2.2 of this Appendix A and (i) the Depositary notifies the Company that it is unwilling or unable to continue as a Depositary for such Global Note or if at any time the Depositary ceases to be a “clearing
agency” registered under the Exchange Act and, in each case, a successor depositary is not appointed by the Company within 90 days of such notice or after the Company becomes aware of such cessation, or (ii) an Event of Default has occurred
and is continuing and the Registrar has received a request from the Depository or (iii) the Company, in its sole discretion and subject to the procedures of the Depository, notifies the Trustee in writing that it elects to cause the issuance of
Definitive Notes under this Indenture. In addition, any Affiliate of the Company or any Guarantor that is a beneficial owner of all or part of a Global Note may have such Affiliate’s beneficial interest transferred to such Affiliate in the form
of a Definitive Note by providing a written request to the Company and the Trustee and such Opinions of Counsel, certificates or other information as may be required by this Indenture or the Company or Trustee. 

(b) Any Global Note that is transferable to the beneficial owners thereof pursuant to this Section 2.3 shall be surrendered by the Depositary
to the Trustee, to be so transferred, in whole or from time to time in part, without charge, and the Trustee shall authenticate and deliver, upon such transfer of each portion of such Global Note, an equal aggregate principal amount of Definitive
Notes of authorized denominations. Any portion of a Global Note transferred pursuant to this Section 2.3 shall be executed, authenticated and delivered only in denominations of $1,000 and integral multiples of $1,000 in excess thereof and registered
in such names as the Depositary shall direct. Any Definitive Note delivered in exchange for an interest in a Global Note that is a Transfer Restricted Note shall, except as otherwise provided by Section 2.2(e) of this Appendix A, bear the Restricted
Notes Legend. 

  
 136 

 (c) The registered Holder of a Global Note may grant proxies and otherwise authorize any Person,
including Agent Members and Persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Notes. 

(d) In the event of the occurrence of any of the events specified in Section 2.3(a) of this Appendix A, the Company shall promptly make
available to the Trustee a reasonable supply of Definitive Notes in fully registered form without interest coupons. 

  
 137 

 EXHIBIT A 

[FORM OF FACE OF NOTE] 
 [Insert
the Restricted Notes Legend, if applicable, pursuant to the provisions of the Indenture] 
 [Insert the Global Notes Legend, if applicable,
pursuant to the provisions of the Indenture] 
 [Insert the Definitive Notes Legend, if applicable, pursuant to the provisions of the
Indenture] 
 [Insert the ERISA Legend, if applicable, pursuant to the provisions of the Indenture] 

[Insert the Global OID Legend, if applicable] 

  
 A-1 

 CUSIP [            ] 

ISIN [            ]1 

[RULE 144A][REGULATION S][IAI][GLOBAL] NOTE 

10.750% First-Lien Senior Secured Notes due 2021 
  

			
	No. [RA-    ] [RS-    ] [RIAI-    ]	  	[Up to]2 [$        ]

 Cobalt International Energy, Inc. promises to pay to [CEDE & CO.]3
[                    ] or registered assigns the principal sum [set forth on the Schedule of Exchanges of Interests in the Global Note attached
hereto]4 [of $ (        Dollars)]5 on December 1, 2021. 

Interest Payment Dates: June 1 and December 1 
 Record
Dates: May 15 and November 15 
  

	1 	Rule 144A Note CUSIP: 19075F AC0 

 Rule 144A Note ISIN: US19075FAC05 

Regulation S Note CUSIP: U19116 AA7 

Regulation S Note ISIN: USU19116AA77 

[CUSIP for Unrestricted Global Note: 19075F AD8] 

[ISIN for Unrestricted Global Note: US19075FAD87] 

	2 	Include in Global Notes. 

	3 	Include in Global Notes 

	4 	Include in Global Notes 

	5 	Include in Definitive Notes 

  
 A-2 

 IN WITNESS HEREOF, the Company has caused this instrument to be duly executed. 

Dated: 
  

					
	COBALT INTERNATIONAL ENERGY, INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  
 A-3 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Notes referred to in the within-mentioned Indenture: 

 

			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory

 Dated: 

  
 A-4 

 [Reverse Side of Note] 

10.750% First-Lien Senior Secured Notes due 2021 

Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

1. INTEREST. Cobalt International Energy, Inc., a Delaware corporation (the “Company”), promises to pay interest on the
principal amount of this Note at 10.750% per annum until but excluding maturity. The Company shall pay interest semi-annually in arrears on June 1 and December 1 of each year, or if any such day is not a Business Day, on the next
succeeding Business Day (each, an “Interest Payment Date”). Interest on the Notes shall accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including December 6, 2016;
provided that the first Interest Payment Date shall be June 1, 2017. The Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on
demand at the interest rate on the Notes to the extent lawful; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace periods)
from time to time on demand at the interest rate on the Notes to the extent lawful. Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months. 

2. METHOD OF PAYMENT. The Company shall pay interest on the Notes to the Persons who are registered holders of Notes at the close of business
on the May 15 or November 15 (whether or not a Business Day), as the case may be, immediately preceding the related Interest Payment Date, even if such Notes are canceled after such Record Date and on or before such Interest Payment Date,
except as provided in Section 2.12 of the Indenture with respect to defaulted interest. Principal, premium, if any, and interest on the Notes shall be payable at the office or agency of the Company maintained for such purpose or, at the option of
the Company, payment of interest and premium, if any, may be made by check mailed to the Holders at their respective addresses set forth in the Note Register; provided that payment by wire transfer of immediately available funds shall be
required with respect to principal, premium, if any, and interest on all Global Notes and all other Notes the Holders of which shall have provided wire transfer instructions to the Company or the Paying Agent at least five Business Days prior to the
applicable payment date. Such payment shall be in such coin or currency of the United States as at the time of payment is legal tender for payment of public and private debts. 

3. PAYING AGENT AND REGISTRAR. Initially, the Trustee shall act as Paying Agent and Registrar. The Company may change any Paying Agent or
Registrar without notice to the Holders. The Company or any of its Restricted Subsidiaries may act in any such capacity. 
 4. INDENTURE.
The Company issued the Notes under an Indenture, dated as of December 6, 2016 (as amended or supplemented from time to time, the “Indenture”), among Cobalt International Energy, Inc., the Guarantors named therein

  
 A-5 

 
and the Trustee, Collateral Agent, Paying Agent, Transfer Agent and Registrar. This Note is one of a duly authorized issue of Notes of the Company designated as its 10.750% First-Lien Senior
Secured Notes due 2021. The terms of the Notes include those stated in the Indenture. The Notes are subject to all such terms, and Holders are referred to the Indenture for a statement of such terms. Any term used in this Note that is defined in the
Indenture shall have the meaning assigned to it in the Indenture. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. 

5. REDEMPTION AND REPURCHASE. The Notes are subject to optional redemption, and may be the subject of an Offer to Purchase, as further
described in the Indenture. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Notes. 

6. DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form without coupons in denominations of $1,000 and integral multiples of
$1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents, and
Holders shall be required to pay any taxes, governmental charges and fees required by law or permitted by the Indenture. The Company need not exchange or register the transfer of any Note or portion of a Note selected for redemption or tendered for
repurchase in connection with a Change of Control Offer or Asset Sale Offer, except for the unredeemed portion of any Note being redeemed or repurchased in part. 

8. PERSONS DEEMED OWNERS. The registered Holder of a Note may be treated as its owner for all purposes. 

9. AMENDMENT, SUPPLEMENT AND WAIVER. The Indenture, the Note Guarantees or the Notes may be amended or supplemented as provided in the
Indenture. 
 10. DEFAULTS AND REMEDIES. The Events of Default relating to the Notes are defined in Section 6.01 of the Indenture. Upon the
occurrence of an Event of Default, the rights and obligations of the Company, the Guarantors, the Trustee and the Holders shall be as set forth in the applicable provisions of the Indenture. 

11. AUTHENTICATION. This Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose until
authenticated by the manual signature of the Trustee. 
 12. GOVERNING LAW. THIS NOTE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK. 
 13. CUSIP AND ISIN NUMBERS. Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures, the Company has caused CUSIP and ISIN numbers to be printed on the Notes, and the 

  
 A-6 

 
Trustee may use CUSIP and ISIN numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as
contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 
 The Company
shall furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to the Company at the following address: 

c/o Cobalt International Energy, Inc. 

920 Memorial City Way, Suite 100 

Houston, Texas 77024 
 Fax No.:
(713) 579-9184 
 Email: jeff.starzec@cobaltintl.com 

Attention: General Counsel 

  
 A-7 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

			
	(I) or (we) assign and transfer this Note to:	 	  

		 	(Insert assignee’s legal name)

  

	
	  

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

	
	  

	
	  

	
	  

	(Print or type assignee’s name, address and zip code)

  

			
	and irrevocably appoint	  	  

	to transfer this Note on the books of the Company. The agent may substitute another to act for him.

  

									
	Date:	  	  
	 		 		 	
					
		  		 		 	Your Signature:	 	  

		  		 		 		 	(Sign exactly as your name appears on the face of this Note)

  

			
	Signature Guarantee*:	 	  

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 A-8 

 CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR 

REGISTRATION OF TRANSFERS OF TRANSFER RESTRICTED NOTES 

This certificate relates to $         principal amount of Notes held in (check applicable space)
             book-entry or              definitive form by the undersigned. 

The undersigned (check one box below): 
  

	 	☐	has requested the Registrar by written order to deliver in exchange for its beneficial interest in a Global Note held by the Depositary a Note or Notes in definitive, registered form of authorized denominations and an
aggregate principal amount equal to its beneficial interest in such Global Note (or the portion thereof indicated above) in accordance with the Indenture; or 

  

	 	☐	has requested the Registrar by written order to exchange or register the transfer of a Note or Notes. 

 In
connection with any transfer of any of the Notes evidenced by this certificate, the undersigned confirms that such Notes are being transferred in accordance with its terms: 

CHECK ONE BOX BELOW 
  

					
	(1)	  	☐	  	to the Company or subsidiary thereof; or
			
	(2)	  	☐	  	to the Registrar for registration in the name of the Holder, without transfer; or
			
	(3)	  	☐	  	pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “Securities Act”); or
			
	(4)	  	☐	  	to a Person that the undersigned reasonably believes is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act (“Rule 144A”)) that purchases for its own account or for
the account of a qualified institutional buyer and to whom notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in compliance with Rule 144A; or
			
	(5)	  	☐	  	pursuant to offers and sales to non-U.S. persons that occur outside the United States within the meaning of Regulation S under the Securities Act (and if the transfer is being made prior to the expiration of the Distribution
Compliance Period, the Notes shall be held immediately thereafter through Euroclear or Clearstream); or
			
	(6)	  	☐	  	to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act) that has furnished to the Registrar a signed letter containing certain representations and
agreements; or
			
	(7)	  	☐	  	pursuant to Rule 144 under the Securities Act; or
			
	(8)	  	☐	  	pursuant to another available exemption from registration under the Securities Act.

  
 A-9 

 Unless one of the boxes is checked, the Registrar will refuse to register any of the Notes
evidenced by this certificate in the name of any Person other than the registered Holder thereof; provided, however, that if box (5), (6), (7) or (8) is checked, the Company or the Registrar may require, prior to registering any such
transfer of the Notes, such legal opinions, certifications and other information as the Company or the Registrar has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to,
the registration requirements of the Securities Act. 
  

			
		  	Your Signature
		
	Date:	  	
		
		  	Signature of Signature
		  	Guarantor

 TO BE COMPLETED BY PURCHASER IF (4) ABOVE IS CHECKED. 

The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it exercises
sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has
received such information regarding the Company as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon the undersigned’s foregoing
representations in order to claim the exemption from registration provided by Rule 144A. 
  

									
	Dated:	 	  
	 		 	  

		 		 		 	NOTICE:	 	To be executed by an executive officer
		 		 		 	Name:	 	
		 		 		 	Title:	 	

  

			
	Signature Guarantee*:	 	  

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Registrar). 

  
 A-10 

 TO BE COMPLETED IF THE HOLDER REQUIRES AN EXCHANGE FROM A REGULATION S GLOBAL NOTE TO AN
UNRESTRICTED GLOBAL NOTE, PURSUANT TO SECTION 2.2(d)(iii) OF APPENDIX A TO THE INDENTURE”1 

The undersigned represents and warrants that either: 
  

	 	☐	the undersigned is not a dealer (as defined in the Securities Act) and is a non-U.S. person (within the meaning of Regulation S under the Securities Act); or 

 

	 	☐	the undersigned is not a dealer (as defined in the Securities Act) and is a U.S. person (within the meaning of Regulation S under the Securities Act) who purchased interests in the Notes pursuant to an exemption from,
or in a transaction not subject to, the registration requirements under the Securities Act; or 

  

	 	☐	the undersigned is a dealer (as defined in the Securities Act) and the interest of the undersigned in this Note does not constitute the whole or a part of an unsold allotment to or subscription by such dealer for the
Notes. 

  

									
	 Dated:
	 	  
	 		 	  

		 		 		 	 Your Signature

  

	1 	Include only for Regulation S Global Notes. 

  
 A-11 

 OPTION OF HOLDER TO ELECT PURCHASE 

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

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

					
		  	$        	  	(integral multiples of $1,000, provided that the unpurchased portion must be in a minimum principal amount of $1,000)
		  		  

  

									
	Date:	 	  
	 		 		 	
					
		 		 		 	Your Signature:	 	  

		 		 		 		 	(Sign exactly as your name appears on the face of this Note)

									
		 		 		 	Tax Identification No.:	 	  

  

			
	Signature Guarantee*:	 	  

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 A-12 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

The initial outstanding principal amount of this Global Note is $        . The following exchanges of
a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: 

 

																	
	Date of Exchange	  	 Amount of decrease
in Principal Amount
of

this Global Note
	 	  	Amount of
increase in
Principal
Amount of this
Global Note	 	  	Principal
Amount of
this Global
Note
following
such
decrease or
increase	 	  	 Signature of
authorized
signatory

of Trustee,
Depositary or
Custodian
	 
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			

  

	*	This schedule should be included only if the Note is issued in global form. 

  
 A-13 

 EXHIBIT B 

FORM OF 
 TRANSFEREE LETTER OF
REPRESENTATION 
 Cobalt International Energy, Inc. 
 920
Memorial City Way, Suite 100 
 Houston, Texas 77024 
 Fax No.:
(713) 579-9184 
 Email: jeff.starzec@cobaltintl.com 

Attention: General Counsel 
 Wilmington Trust, National
Association 
 50 South Sixth Street, Suite 1290 
 Minneapolis,
Minnesota 55402 
 Attention: Cobalt International Energy, Inc. Administrator 

Ladies and Gentlemen: 
 This certificate is
delivered to request a transfer of $[        ] principal amount of the 10.750% Senior Secured Notes due 2021 (the “Notes”) of Cobalt International Energy, Inc. (the
“Company”). 
 Upon transfer, the Notes would be registered in the name of the new beneficial owner as follows: 

 

			
	Name:	 	  

			
		
	Address:	 	  

			
		
	Taxpayer ID Number:	 	  

 The undersigned represents and warrants to you that: 

1. We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of
1933, as amended (the “Securities Act”)), purchasing for our own account or for the account of such an institutional “accredited investor” at least $250,000 principal amount of the Notes, and we are acquiring the
Notes, for investment purposes and not with a view to, or for offer or sale in connection with, any distribution in violation of the Securities Act. We have such knowledge and experience in financial and business matters as to be capable of
evaluating the merits and risks of our investment in the Notes, and we invest in or purchase securities similar to the Notes in the normal course of our business. We, and any accounts for which we are acting, are each able to bear the economic risk
of our or its investment. 
 2. We understand that the Notes have not been registered under the Securities Act and, unless so registered,
may not be sold except as permitted in the 

  
 B-1 

 
following sentence. We agree on our own behalf and on behalf of any investor account for which we are purchasing Notes to offer, sell or otherwise transfer such Notes prior to the date that is
one year after the later of the date of original issue and the last date on which the Company or any affiliate of the Company was the owner of such Notes (or any predecessor thereto) (the “Resale Restriction Termination Date”) only
in accordance with the Restricted Notes Legend (as such term is defined in the indenture under which the Notes were issued) on the Notes and any applicable securities laws of any state of the United States. The foregoing restrictions on resale will
not apply subsequent to the Resale Restriction Termination Date. If any resale or other transfer of the Notes is proposed to be made pursuant to clause (e) above prior to the Resale Restriction Termination Date, the transferor shall deliver a letter
from the transferee substantially in the form of this letter to the Company and the Trustee, which shall provide, among other things, that the transferee is an institutional “accredited investor” within the meaning of Rule
501(a)(1), (2), (3) or (7) under the Securities Act and that it is acquiring such Notes for investment purposes and not for distribution in violation of the Securities Act. Each purchaser acknowledges that the Company and the Trustee reserve the
right prior to the offer, sale or other transfer prior to the Resale Restriction Termination Date of the Notes with respect to applicable transfers described in the Restricted Notes Legend to require the delivery of an opinion of counsel,
certifications and/or other information satisfactory to the Company and the Trustee. 
  

			
	TRANSFEREE:	 	                                      
                      ,

 
			
		
	            by:	 	  

  

			
	Signature Guarantee*:	 	  

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 B-2 

 EXHIBIT C 

FORM OF SUPPLEMENTAL INDENTURE 
 TO
BE DELIVERED BY SUBSEQUENT GUARANTORS 
 Supplemental Indenture (this “Supplemental Indenture”), dated as of
[            ] [    ], 20[    ], among    (the “Guaranteeing Subsidiary”), a subsidiary of Cobalt International
Energy, Inc., a Delaware corporation (the “Company”), and Wilmington Trust, National Association, as trustee (the “Trustee”) and as collateral agent (the “Collateral Agent”). 

W I T N E S S E T H 
 WHEREAS,
each of the Company and the Guarantors (as defined in the Indenture referred to below) has heretofore executed and delivered to the Trustee and the Collateral Agent an indenture (the “Indenture”), dated as of December 6, 2016,
providing for the issuance of $500,000,000 aggregate principal amount of 10.750% First-Lien Senior Secured Notes due 2021 (the “Notes”); 

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a
supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally Guarantee all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein and under the Indenture; and

 WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee, the Collateral Agent, the Company [and the Guaranteeing Subsidiary] are
authorized to execute and deliver this Supplemental Indenture. 
 NOW THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders as follows: 

1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 

2. Guarantor. The Guaranteeing Subsidiary hereby agrees to be a Guarantor under the Indenture and the Security Documents and to be
bound by the terms of the Indenture and the Security Documents applicable to Guarantors, including Article 10 of the Indenture. 
 3.
Governing Law. THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

4. Waiver of Jury Trial. EACH OF THE GUARANTEEING SUBSIDIARY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL 

  
 C-1 

 
BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE INDENTURE, THE NOTES, THE NOTE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 

5. Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but
all of them together represent the same agreement. 
 6. Headings. The headings of the Sections of this Supplemental Indenture have
been inserted for convenience of reference only, are not to be considered a part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof. 

7. Sufficiency. The Trustee and Collateral Agent make no representation or warranty as to the validity or sufficiency of this
Supplemental Indenture or with respect to the recitals contained herein, all of which recitals are made solely by the other parties hereto. 

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

  

					
	[NAME OF GUARANTEEING SUBSIDIARY]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION, AS TRUSTEE
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION, AS COLLATERAL AGENT
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  
 C-2 

 SCHEDULE 4.22 

CONDITIONS SUBSEQUENT 
  

	1.	With respect to the Mortgage (as defined below) delivered on the Issue Date: 

  

	 	a.	The law firm of Liskow & Lewis shall, not later than one (1) Business Day after the Issue Date, have delivered original counterparts of the Mortgage to be filed in the mortgage records of Cameron, Vermilion, Iberia,
St. Mary, Terrebonne, Lafourche, Jefferson, Plaquemines and St. Bernard Parishes, Louisiana, together with all fees necessary to record the same; 

  

	 	b.	The law firm of Liskow & Lewis shall, not later than seven (7) days after the Issue Date, have delivered copies of recorded Mortgages to the Collateral Agent, filed in the mortgage records of Cameron, Vermilion,
Iberia, St. Mary, Terrebonne, Lafourche, Jefferson, Plaquemines and St. Bernard Parishes, Louisiana; 

  

	 	c.	The law firm of Liskow & Lewis shall, not later than one (1) Business Day after the Issue Date, have delivered an original counterpart of the Mortgage to be filed in the Non-Required Files maintained by the Bureau
of Ocean Energy Management (“BOEM”); and 

  

	 	d.	The law firm of Liskow & Lewis shall, not later than 10 days after the Issue Date, have delivered a copy of the recorded Mortgage filed in the Non-Required Files maintained by BOEM to the Collateral Agent.

  

	2.	Not later than 20 days after the Issue Date (the “Title Opinion Delivery Date”), the Company shall deliver to the Collateral Agent the following: 

 

	 	a.	customary title opinions from the Company’s Louisiana counsel covering the leasehold interests of Cobalt International Energy, L.P. (“Cobalt LP”) in the Oil and Gas Properties listed under the
heading “Leases” and subheadings “Anchor,” “North Platte,” “Shenandoah” and “South Anchor” on Exhibit A to the First Lien Act of Mortgage, Assignment of Production, Security Agreement, Fixture
Filing and Financing Statement, dated as of the date hereof, by and among Cobalt LP, Cobalt GOM #1 LLC and the Collateral Agent (the “Mortgage”), which opinions shall reveal no Liens on such leasehold interests other than Permitted
Liens, except as specified therein; and 

  

	 	b.	customary supplemental title opinions based on the limited original title opinions dated November 23, 2015 from the Company’s Louisiana counsel covering the leasehold interests of Cobalt GOM #1 LLC in the Oil and
Gas Properties listed under the heading “Lease Listings” and subheading “Heidelberg” on Exhibit A to the Mortgage, which opinions shall reveal no Liens on such leasehold interests other than Permitted Liens, except as
specified therein; 

 provided, that if any title defect that is not a Permitted Lien is
discovered on or prior to the Title Opinion Delivery Date with respect to any of the leasehold interests that are the subject of the title opinions referenced in clauses (a) and (b) above, then (i) such title opinion shall so reflect such exception,
and (ii) the Company shall be entitled to cure such title defect and deliver an update of the applicable title opinion, stating that such title defect is removed of record, not later than 40 days after the original Title Opinion Delivery Date. 

 

	3.	Not later than 20 days after the Issue Date, the Company shall deliver to the Collateral Agent scanned copies of the certified copies of all lease instruments and related assignments filed with the adjacent Parishes of
the State of Louisiana establishing Cobalt LPs title in the leasehold interests listed under the heading “Lease Listings” and subheadings “South Anchor,” “Latvian,” “Rocky Mountain,” “Baffin Bay,”
“Rum Ramsey,” “Ocoee,” “Williams Fork,” and “Fraser” on Exhibit A to the Mortgage. 

  

	4.	The Company shall deliver all Control Agreements to the Collateral Agent as required by Section 5(e) of the Security Agreement. 

  

	5.	The Trustee and Collateral Agent shall have no obligation to determine the Company’s compliance with the foregoing items 1, 2, 3 or 4, but the Company, promptly upon the completion of any such item requirement
shall deliver to the Trustee and Collateral Agent an Officers’ Certificate confirming that it has delivered all such documents as required by the terms of this Schedule and the Financing Documents.

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