Document:

Registration Rights Agreement

 Exhibit 4.2 

Execution Version 

AMERICAN MIDSTREAM PARTNERS, LP 

AMERICAN MIDSTREAM FINANCE CORPORATION 

REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT is dated as of December 28, 2016 (the “Agreement”), by and among AMERICAN MIDSTREAM
PARTNERS, LP, a Delaware limited partnership (the “Partnership”), and AMERICAN MIDSTREAM FINANCE CORPORATION, a Delaware corporation (“Finance Corp.” and, together with the Partnership, the
“Issuers”), the subsidiaries of the Partnership named in Schedule I hereto (each individually, a “Guarantor” and collectively, the “Guarantors”), and the several Initial Purchasers listed in
Schedule I to the Purchase Agreement (defined below) (the “Initial Purchasers”). 
 The Issuers, the Guarantors and the
Initial Purchasers are parties to the Purchase Agreement dated December 13, 2016 (the “Purchase Agreement”), which provides for the sale by the Issuers to the Initial Purchasers of $300,000,000 aggregate principal amount of the
Issuers’ 8.500% Senior Notes due 2021 (including the unconditional guarantees thereof on an unsecured senior basis as to principal, premium, if any, and interest by the Guarantors, the “Securities”). As an inducement to the
Initial Purchasers to enter into the Purchase Agreement, the Issuers have agreed to provide to the Initial Purchasers and their direct and indirect transferees the registration rights set forth in this Agreement. The execution and delivery of this
Agreement is a condition to the Initial Purchasers’ obligations under the Purchase Agreement. 
 In consideration of the foregoing, the
parties hereto agree as follows: 
 1. Definitions. As used in this Agreement, the following terms shall have the following meanings:

 “Additional Guarantor” shall mean any subsidiary of the Partnership that executes a Subsidiary Guarantee under the
Indenture after the date of this Agreement. 
 “Agreement” shall have the meaning set forth in the preamble. 

“Business Day” shall mean any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are
authorized or required by law to remain closed. 
 “Closing Date” shall mean the Closing Date as defined in the Purchase
Agreement. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

“Exchange Dates” shall have the meaning set forth in Section 2(a)(ii) hereof. 

“Exchange Offer” shall mean the exchange offer by the Partnership and the Guarantors of Exchange Securities for Registrable
Securities pursuant to Section 2(a) hereof. 

  
 1 

 “Exchange Offer Registration” shall mean a registration under the Securities Act
effected pursuant to Section 2(a) hereof. 
 “Exchange Offer Registration Statement” shall mean an exchange offer
registration statement on Form S-4 (or, if applicable, on another appropriate form) and all amendments and supplements to such registration statement, in each case including the Prospectus contained therein,
all exhibits thereto and any document incorporated by reference therein. 
 “Exchange Securities” shall mean senior notes
issued by the Issuers and guaranteed by the Guarantors under the Indenture containing terms substantially identical to the Securities (except that the Exchange Securities will not be subject to restrictions on transfer or to any increase in annual
interest rate for failure to comply with this Agreement) and to be offered to Holders of Securities in exchange for Securities pursuant to the Exchange Offer. 

“Finance Corp.” shall have the meaning set forth in the preamble. 

“Free Writing Prospectus” means each free writing prospectus (as defined in Rule 405 under the Securities Act) prepared by or
on behalf of the Issuers or used or referred to by the Issuers in connection with the sale of the Securities or Exchange Securities. 

“Guarantors” shall have the meaning set forth in the preamble and shall also include any Guarantor’s successors and any
Additional Guarantors. 
 “Holders” shall mean the Initial Purchasers, for so long as they own any Registrable Securities,
and each of their successors, assigns and direct and indirect transferees who become owners of Registrable Securities under the Indenture; provided that for purposes of Sections 4 and 5 of this Agreement, the term “Holders” shall include
Participating Broker-Dealers. 
 “Indemnified Person” shall have the meaning set forth in Section 5(c) hereof. 

“Indemnifying Person” shall have the meaning set forth in Section 5(c) hereof. 

“Indenture” shall mean the Indenture relating to the Securities dated as of December 28, 2016, among the Issuers, the
Guarantors and Wells Fargo Bank, National Association, as trustee, and as the same may be amended from time to time in accordance with the terms thereof. 

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

“Inspector” shall have the meaning set forth in Section 3(m) hereof. 

“Issuer Information” shall have the meaning set forth in Section 5(a) hereof. 

“Issuers” shall have the meaning set forth in the preamble. 

“Majority Holders” shall mean the Holders of a majority of the aggregate principal amount of outstanding Registrable
Securities; provided that whenever the consent or approval of Holders of a specified percentage of Registrable Securities is required hereunder, Registrable Securities owned directly or indirectly by the Issuers or any of their affiliates shall not
be 

  
 2 

 
counted in determining whether such consent or approval was given by the Holders of such required percentage or amount; and provided, further, that if the Issuers shall issue any additional
Securities under the Indenture prior to the consummation of the Exchange Offer, or, if applicable, the effectiveness of any Shelf Registration Statement, such additional Securities and Registrable Securities to which this Agreement relates shall be
treated together as one class for purposes of determining whether the consent or approval of Holders of a specified percentage of Registrable Securities has been obtained. 

“Participating Broker-Dealers” shall have the meaning set forth in Section 4(a) hereof. 

“Partnership” shall have the meaning set forth in the preamble. 

“Person” shall mean an individual, partnership, limited liability company, corporation, trust or unincorporated organization,
or a government or agency or political subdivision thereof. 
 “Prospectus” shall mean the prospectus included in, or,
pursuant to the rules and regulations of the Securities Act, deemed a part of, a Registration Statement, including any preliminary prospectus, and any such prospectus as amended or supplemented by any prospectus supplement, including a prospectus
supplement with respect to the terms of the offering of any portion of the Registrable Securities covered by a Shelf Registration Statement, and by all other amendments and supplements to such prospectus, and in each case including any document
incorporated by reference therein. 
 “Purchase Agreement” shall have the meaning set forth in the preamble. 

“Registrable Securities” shall mean the Securities; provided that the Securities shall cease to be Registrable Securities on
the earliest of (i) when a Registration Statement with respect to such Securities has been declared effective under the Securities Act and such Securities have been exchanged or disposed of pursuant to such Registration Statement or
(ii) when such Securities cease to be outstanding. 
 “Registration Expenses” shall mean any and all expenses incident
to performance of or compliance by the Issuers and the Guarantors with this Agreement, including, without limitation, (i) all SEC, stock exchange or Financial Industry Regulatory Authority registration and filing fees, (ii) all fees and
expenses incurred in connection with compliance with state securities or blue sky laws (including reasonable fees and disbursements of counsel for any Underwriters or Holders in connection with blue sky qualification of any Exchange Securities or
Registrable Securities), (iii) all expenses of any Persons in preparing or assisting in preparing, word processing, printing and distributing any Registration Statement, any Prospectus and any amendments or supplements thereto, any underwriting
agreements, securities sales agreements or other similar agreements and any other documents relating to the performance of and compliance with this Agreement, (iv) all rating agency fees, (v) all fees and disbursements relating to the
qualification of the Indenture under applicable securities laws, (vi) the fees and disbursements of the Trustee and its counsel, (vii) the fees and disbursements of counsel for the Issuers and the Guarantors and, in the case of a Shelf
Registration Statement, the reasonable fees and disbursements of one counsel for the Holders (which counsel shall be selected by the Majority Holders and which counsel may also be counsel for the Initial Purchasers) and (viii) the fees and

  
 3 

 
disbursements of the independent public accountants of the Issuers, including the expenses of any special audits or “comfort” letters required by or incident to the performance of and
compliance with this Agreement, but excluding fees and expenses of counsel to the Underwriters (other than fees and expenses set forth in clause (ii) above) or the Holders and underwriting discounts and commissions, brokerage commissions and
transfer taxes, if any, relating to the sale or disposition of Registrable Securities by a Holder. 
 “Registration
Statement” shall mean any registration statement filed under the Securities Act of the Issuers and the Guarantors that covers any of the Exchange Securities or Registrable Securities pursuant to the provisions of this Agreement and all
amendments and supplements to any such registration statement, including post-effective amendments, in each case including the Prospectus contained therein or deemed a part thereof, all exhibits thereto and any document incorporated by reference
therein. 
 “SEC” shall mean the Securities and Exchange Commission. 

“Securities” shall have the meaning set forth in the preamble. 

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

“Shelf Additional Interest Date” shall have the meaning set forth in Section 2(d) hereof. 

“Shelf Effectiveness Period” shall have the meaning set forth in Section 2(b) hereof. 

“Shelf Registration” shall mean a registration effected pursuant to Section 2(b) hereof. 

“Shelf Registration Statement” shall mean a “shelf” registration statement of the Issuers and the Guarantors that
covers all or a portion of the Registrable Securities (but no other securities unless approved by a majority of the Holders whose Registrable Securities are to be covered by such Shelf Registration Statement) on an appropriate form under Rule 415
under the Securities Act, or any similar rule that may be adopted by the SEC, and all amendments and supplements to such registration statement, including post-effective amendments, in each case including the Prospectus contained therein or deemed a
part thereof, all exhibits thereto and any document incorporated by reference therein. 
 “Shelf Request” shall have the
meaning set forth in Section 2(b) hereof. 
 “Subsidiary Guarantees” shall mean the guarantees of the Securities and the
Exchange Securities by the Guarantors under the Indenture. 
 “Target Registration Date” shall have the meaning set forth
in Section 2(d) hereof. 
 “Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended from time to time.

 “Trustee” shall mean the trustee with respect to the Securities under the Indenture. 

“Underwriter” shall have the meaning set forth in Section 3 hereof. 

  
 4 

 “Underwritten Offering” shall mean an offering in which Registrable Securities
are sold to an Underwriter for reoffering to the public. 
 2. Registration Under the Securities Act. (a) To the extent not
prohibited by any applicable law or applicable interpretations of the staff of the SEC, the Issuers shall use their commercially reasonable best efforts to (i) cause to be filed an Exchange Offer Registration Statement covering an offer to the
Holders to exchange all the Registrable Securities for Exchange Securities, (ii) consummate the Exchange Offer no later than 360 days after the Closing Date and (iii) have such Registration Statement remain effective until 180 days after
the last Exchange Date for use by one or more Participating Broker-Dealers. The Issuers and the Guarantors shall commence the Exchange Offer promptly after the Exchange Offer Registration Statement is declared effective by the SEC. 

The Issuers and the Guarantors shall commence the Exchange Offer by mailing the related Prospectus, appropriate letters of transmittal and
other accompanying documents to each Holder stating, in addition to such other disclosures as are required by applicable law, 
 (i) that
the Exchange Offer is being made pursuant to this Agreement and that all Registrable Securities validly tendered and not properly withdrawn will be accepted for exchange; 

(ii) the dates of acceptance for exchange (which shall be a period of at least 20 Business Days from the date such notice is mailed) (the
“Exchange Dates”); 
 (iii) that any Registrable Security not tendered will remain outstanding and continue to accrue
interest but will not retain any rights under this Agreement, except as otherwise specified herein; 
 (iv) that any Holder electing to have
a Registrable Security exchanged pursuant to the Exchange Offer will be required to (A) surrender such Registrable Security, together with the appropriate letters of transmittal, to the institution and at the address and in the manner specified
in the notice, or (B) effect such exchange otherwise in compliance with the applicable procedures of the depositary for such Registrable Security, in each case, prior to the close of business on the last Exchange Date; and 

(v) that any Holder will be entitled to withdraw its election, not later than the close of business on the last Exchange Date, by
(A) sending to the institution and at the address specified in the notice, a telegram, telex, facsimile transmission or letter setting forth the name of such Holder, the principal amount of Registrable Securities delivered for exchange and a
statement that such Holder is withdrawing its election to have such Securities exchanged or (B) effecting such withdrawal in compliance with the applicable procedures of the depositary for the Registrable Securities. 

As a condition to participating in the Exchange Offer, a Holder will be required to represent to the Issuers and the Guarantors that
(i) any Exchange Securities to be received by it will be acquired in the ordinary course of its business, (ii) such Holder has no arrangement or understanding with any Person to participate in the distribution (within the meaning of the
Securities Act) of the Exchange Securities in violation of the provisions of the Securities Act, 

  
 5 

 
(iii) such Holder is not an “affiliate” (within the meaning of Rule 405 under the Securities Act) of the Issuers or any Guarantor and (iv) if such Holder is a broker-dealer that
will receive Exchange Securities for its own account in exchange for Registrable Securities that were acquired as a result of market-making or other trading activities, then such Holder will deliver a Prospectus (or, to the extent permitted by law,
make available a Prospectus to purchasers) in connection with any resale of such Exchange Securities. 
 As soon as practicable after the
last Exchange Date, the Issuers and the Guarantors shall: 
 (i) accept for exchange Registrable Securities or portions thereof validly
tendered and not properly withdrawn pursuant to the Exchange Offer; and 
 (ii) deliver, or cause to be delivered, to the Trustee for
cancellation all Registrable Securities or portions thereof so accepted for exchange by the Issuers and issue, and cause the Trustee to promptly authenticate and deliver to each Holder, Exchange Securities equal in principal amount to the principal
amount of the Registrable Securities tendered by such Holder. 
 The Issuers and the Guarantors shall use their commercially reasonable best
efforts to complete the Exchange Offer as provided above and shall comply with the applicable requirements of the Securities Act, the Exchange Act and other applicable laws and regulations in connection with the Exchange Offer. The Exchange Offer
shall not be subject to any conditions, other than that the Exchange Offer does not violate any applicable law or applicable interpretations of the staff of the SEC. 

(b) In the event that (i) the Issuers and the Guarantors determine that the Exchange Offer Registration provided for in Section 2(a)
above is not available or may not be completed as soon as practicable after the last Exchange Date because it would violate any applicable law or applicable interpretations of the staff of the SEC, (ii) the Exchange Offer is not for any other
reason completed within 360 calendar days following the Closing Date, (iii) the Issuers receive a written request from any Initial Purchaser in connection with the offer or sale of Registrable Securities that are ineligible to be exchanged in
the Exchange Offer or (iv) in the case of any Holder that participates in the Exchange Offer, such Holder does not receive Exchange Securities on the date of the exchange that may be sold without restriction under state and federal securities
laws (other than due solely to the status of such Holder as an affiliate of either Issuer within the meaning of the Securities Act) and so notifies (such notification or written request pursuant to the preceding clause (iii), a “Shelf
Request”) the Issuers within 30 days after such Holder first becomes aware of such restrictions, the Issuers and the Guarantors shall use their commercially reasonable best efforts to cause to be filed as soon as practicable after such
determination date or Shelf Request, as the case may be, a Shelf Registration Statement providing for the sale of all the Registrable Securities by the Holders thereof and to have such Shelf Registration Statement become effective. 

In the event that the Issuers and the Guarantors are required to file a Shelf Registration Statement pursuant to clauses (iii) or (iv) of
the preceding sentence, the Issuers and the Guarantors shall use their commercially reasonable best efforts to file and become effective both an Exchange Offer Registration Statement pursuant to Section 2(a) with respect to all Registrable
Securities and a Shelf Registration Statement (which may be a combined Registration Statement with the Exchange Offer Registration Statement) with respect to offers and sales of Registrable Securities held by the Initial Purchasers or such Holder
after completion of the Exchange Offer. 

  
 6 

 The Issuers and the Guarantors agree to use their commercially reasonable best efforts
(i) to file the Shelf Registration Statement as promptly as practicable but in any event by the 30th day after they become obligated to make the filing, (ii) to cause the registration statement to become effective and (iii) to keep
the Shelf Registration Statement continuously effective until the second anniversary of the Closing Date or such shorter period that will terminate when all the Registrable Securities covered by the Shelf Registration Statement have been sold
pursuant to the Shelf Registration Statement (the “Shelf Effectiveness Period”). The Issuers and the Guarantors further agree to supplement or amend the Shelf Registration Statement and the related Prospectus if required by the
rules, regulations or instructions applicable to the registration form used by the Issuers for such Shelf Registration Statement or by the Securities Act or by any other rules and regulations thereunder or if reasonably requested by a Holder of
Registrable Securities with respect to information relating to such Holder, and to use their commercially reasonable best efforts to cause any such amendment to become effective and such Shelf Registration Statement and Prospectus to become usable
as soon as thereafter practicable. The Issuers and the Guarantors agree to furnish to the Holders of Registrable Securities copies of any such supplement or amendment promptly after its being used or filed with the SEC. 

(c) The Issuers and the Guarantors shall pay all Registration Expenses in connection with any registration pursuant to Section 2(a) or Section
2(b) hereof. Each Holder shall pay all underwriting discounts and commissions, brokerage commissions and transfer taxes, if any, relating to the sale or disposition of such Holder’s Registrable Securities pursuant to the Shelf Registration
Statement. 
 (d) An Exchange Offer Registration Statement pursuant to Section 2(a) hereof or a Shelf Registration Statement pursuant to
Section 2(b) hereof will not be deemed to have become effective unless it has been declared effective by the SEC. 
 In the event that the
Exchange Offer is not completed on or prior to the 360th calendar day after the Closing Date (the “Target Registration Date”), the interest rate on the Securities will be increased by (i) 0.25% per annum for the first 90 day period
immediately following the Target Registration Date and (ii) an additional 0.25% per annum with respect to each subsequent 90 day period, in each case until the Exchange Offer is completed up to a maximum increase of 1.00% per annum. In the
event that the Partnership is obligated to file a Shelf Registration Statement pursuant to Section 2(b), and the Shelf Registration Statement required to be filed thereby does not become effective prior to the 90th day after the obligation to file
such Shelf Registration arises pursuant to Section 2(b) (such later date, the “Shelf Additional Interest Date”), then the interest rate on the Securities will be increased by (i) 0.25% per annum for the first 90 day period
payable commencing from one day after the Shelf Additional Interest Date and (ii) an additional 0.25% per annum with respect to each subsequent 90 day period, in each case until the Shelf Registration Statement becomes effective up to a maximum
increase of 1.00% per annum. 
 If the Shelf Registration Statement, if required hereby, has become effective and thereafter either ceases
to be effective or the Prospectus contained therein ceases to be usable, in 

  
 7 

 
each case whether or not permitted by this Agreement, at any time during the Shelf Effectiveness Period, and such failure to remain effective or usable exists for more than 30 days (whether or
not consecutive) in any 12-month period, then the interest rate on the Securities will be increased by (i) 0.25% per annum for the first 90 day period (whether or not consecutive) commencing on the 31st day in
such 12-month period and (ii) an additional 0.25% per annum with respect to each subsequent 90 day period and ending on such date that the Shelf Registration Statement has again become effective or the
Prospectus again becomes usable, up to a maximum of 1.00% per annum of additional interest. 
 (e) Any additional interest paid in
accordance with this Section 2 shall be liquidated damages and shall be the sole and exclusive remedy available to Holders due to a failure by the Issuers to comply with their obligations under Section 2(a) and Section 2(b). 

3. Registration Procedures. In connection with their obligations pursuant to Section 2(a) and Section 2(b) hereof, the Issuers and the
Guarantors shall as expeditiously as possible 
 (a) prepare and file with the SEC a Registration Statement on the appropriate form under
the Securities Act, which form (x) shall be selected by the Issuers and the Guarantors, (y) shall, in the case of a Shelf Registration, be available for the sale of the Registrable Securities by the Holders thereof and (z) shall
comply as to form in all material respects with the requirements of the applicable form and include all financial statements required by the SEC to be filed therewith; and use their commercially reasonable best efforts to cause such Registration
Statement to become effective and remain effective for the applicable period in accordance with Section 2 hereof; 
 (b) prepare and
file with the SEC such amendments and post-effective amendments to each Registration Statement as may be necessary to keep such Registration Statement effective for the applicable period in accordance with Section 2 hereof and cause each
Prospectus to be supplemented by any required prospectus supplement and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act; and keep each Prospectus current during the period described in Section 4(3) of and Rule 174
under the Securities Act that is applicable to transactions by brokers or dealers with respect to the Registrable Securities or Exchange Securities; 

(c) in the case of a Shelf Registration, furnish to each Holder of Registrable Securities, to counsel for the Initial Purchasers, to counsel
for such Holders and to each Underwriter of an Underwritten Offering of Registrable Securities, if any, without charge, as many copies of each Prospectus, including each preliminary prospectus, and any amendment or supplement thereto, in order to
facilitate the sale or other disposition of the Registrable Securities thereunder; and the Issuers consent to the use of such Prospectus and any amendment or supplement thereto in accordance with applicable law by each of the Holders of Registrable
Securities and any such Underwriters in connection with the offering and sale of the Registrable Securities covered by and in the manner described in such Prospectus, preliminary prospectus or any amendment or supplement thereto in accordance with
applicable law; 
 (d) use their commercially reasonable best efforts to register or qualify the Registrable Securities under all applicable
state securities or blue sky laws of such jurisdictions 

  
 8 

 
as any Holder of Registrable Securities covered by a Registration Statement shall reasonably request in writing by the time the applicable Registration Statement is declared effective by the SEC;
cooperate with the Holders in connection with any filings required to be made with the Financial Industry Regulatory Authority; and do any and all other acts and things that may be reasonably necessary or advisable to enable each Holder to complete
the disposition in each such jurisdiction of the Registrable Securities owned by such Holder; provided that neither Issuer and none of the Guarantors shall be required to (i) qualify as a foreign corporation or other entity or as a dealer in
securities in any such jurisdiction where it would not otherwise be required to so qualify, (ii) file any general consent to service of process in any such jurisdiction or (iii) subject itself to taxation in any such jurisdiction if it is
not so subject; 
 (e) in the case of a Shelf Registration, notify each Holder of Registrable Securities, counsel for such Holders and
counsel for the Initial Purchasers promptly and, if requested by any such Holder or counsel, confirm such advice in writing (i) when a Registration Statement has become effective and when any post-effective amendment thereto has been filed and
becomes effective, (ii) of any request by the SEC or any state securities authority for amendments and supplements to a Registration Statement and Prospectus or for additional information after the Registration Statement has become effective,
(iii) of the issuance by the SEC or any state securities authority of any stop order suspending the effectiveness of a Registration Statement or the initiation of any proceedings for that purpose, including the receipt by the Issuers of any
notice of objection of the SEC to the use of a Shelf Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act, (iv) if, between the applicable effective date of a Shelf Registration
Statement and the closing of any sale of Registrable Securities covered thereby, the representations and warranties of any Issuer or Guarantor contained in the Purchase Agreement cease to be true and correct in all material respects or if any Issuer
or any Guarantor receives any notification with respect to the suspension of the qualification of the Registrable Securities for sale in any jurisdiction or the initiation of any proceeding for such purpose and (v) of the happening of any event
during the period a Shelf Registration Statement is effective that makes any statement made in such Registration Statement or the related Prospectus untrue in any material respect or that requires the making of any changes in such Registration
Statement or Prospectus in order to make the statements therein not misleading; 
 (f) use their commercially reasonable best efforts to
obtain the withdrawal of any order suspending the effectiveness of a Registration Statement or, in the case of a Shelf Registration, the resolution of any objection of the SEC pursuant to Rule 401(g)(2), including by filing an amendment to such
Shelf Registration Statement on the proper form, at the earliest possible moment; 
 (g) in the case of a Shelf Registration, furnish to
each Holder of Registrable Securities, without charge, at least one conformed copy of each Registration Statement and any post-effective amendment thereto (without any documents incorporated therein by reference or exhibits thereto, unless
requested); provided, however, that any such document available on the SEC’s EDGAR database shall satisfy and such obligation; 
 (h)
in the case of a Shelf Registration, cooperate with the selling Holders of Registrable Securities to facilitate the timely preparation and delivery of certificates representing 

  
 9 

 
Registrable Securities to be sold and not bearing any restrictive legends and enable such Registrable Securities to be issued in such denominations and registered in such names (consistent with
the provisions of the Indenture) as the selling Holders may reasonably request at least one Business Day prior to the closing of any sale of Registrable Securities; 

(i) in the case of a Shelf Registration, upon the occurrence of any event contemplated by Section 3(e)(v) hereof, use their commercially
reasonable best efforts to prepare and file with the SEC a supplement or post-effective amendment to such Shelf Registration Statement or the related Prospectus or any document incorporated therein by reference or file any other required document so
that, as thereafter delivered (or, to the extent permitted by law, made available) to purchasers of the Registrable Securities, such Prospectus will not contain any untrue statement of a material fact or omit to state a material fact necessary to
make the statements therein, in the light of the circumstances under which they were made, not misleading; and the Issuers and the Guarantors shall notify the Holders of Registrable Securities to suspend use of the Prospectus as promptly as
practicable after the occurrence of such an event, and such Holders hereby agree to suspend use of the Prospectus until the Issuers and the Guarantors have amended or supplemented the Prospectus to correct such misstatement or omission; 

(j) a reasonable time prior to the filing of any Registration Statement, any Prospectus, any amendment to a Registration Statement or
amendment or supplement to a Prospectus or of any document that is to be incorporated by reference into a Registration Statement or a Prospectus after initial filing of a Registration Statement, provide copies of such document to the Initial
Purchasers and their counsel (and, in the case of a Shelf Registration Statement, to the Holders of Registrable Securities and their counsel) and make such of the representatives of the Issuers and the Guarantors as shall be reasonably requested by
the Initial Purchasers and their counsel (and, in the case of a Shelf Registration Statement, the Holders of Registrable Securities and their counsel) available for discussion of such document; and the Issuers and the Guarantors shall not, at any
time after initial filing of a Registration Statement, use or file any Prospectus, any amendment of or supplement to a Registration Statement or a Prospectus, or any document that is to be incorporated by reference into a Registration Statement or a
Prospectus, of which the Initial Purchasers and their counsel (and, in the case of a Shelf Registration Statement, the Holders of Registrable Securities and their counsel) shall not have previously been advised and furnished a copy or to which the
Initial Purchasers or their counsel (and, in the case of a Shelf Registration Statement, the Holders of Registrable Securities or their counsel) shall reasonably object; provided, that this clause shall not apply to any filing by the Partnership of
any Annual Report on Form 10-K, Quarterly Report on Form 10-Q or Current Report on Form 8-K with respect to matters unrelated to
the Securities and the offering or exchange therefor; 
 (k) obtain a CUSIP number for all Exchange Securities or Registrable Securities, as
the case may be, not later than the effective date of a Registration Statement which shall be the same CUSIP number as the notes issued under the Indenture on December 28, 2016, unless it is not possible to obtain the same CUSIP number following the
commercially reasonable best efforts of the Partnership to do so; 
 (l) cause the Indenture to be qualified under the Trust Indenture Act
in connection with the registration of the Exchange Securities or Registrable Securities, as the case may be; 

  
 10 

 
cooperate with the Trustee and the Holders to effect such changes to the Indenture as may be required for the Indenture to be so qualified in accordance with the terms of the Trust Indenture Act;
and execute, and use their commercially reasonable best efforts to cause the Trustee to execute, all documents as may be required to effect such changes and all other forms and documents required to be filed with the SEC to enable the Indenture to
be so qualified in a timely manner; 
 (m) in the case of a Shelf Registration, make available for inspection by a representative of the
Holders of the Registrable Securities (an “Inspector”), any Underwriter participating in any disposition pursuant to such Shelf Registration Statement, and attorneys and accountants designated by the Holders, at reasonable times and
in a reasonable manner, all pertinent financial and other records, documents and properties of the Issuers and the Guarantors, and cause the respective officers, directors and employees of the Issuers and the Guarantors to supply all information
reasonably requested by any such Inspector, Underwriter, attorney or accountant in connection with a Shelf Registration Statement; provided that if any such information is identified by the Issuers as being confidential or proprietary, each Person
receiving such information shall take such actions as are reasonably necessary to protect the confidentiality of such information to the extent such action is otherwise not inconsistent with, an impairment of or in derogation of the rights and
interests of any Inspector, Holder or Underwriter; 
 (n) in the case of a Shelf Registration, use their commercially reasonable best
efforts to cause all Registrable Securities to be listed on any securities exchange or any automated quotation system on which similar securities issued or guaranteed by any Issuer or any Guarantor are then listed if requested by the Majority
Holders, to the extent such Registrable Securities satisfy applicable listing requirements; 
 (o) request that each Holder of Securities to
be sold pursuant to the Registration Statement to furnish the Issuers such information regarding the Holder and the distribution of the Securities as the Issuer may from time to time reasonably require for inclusion in the Registration Statement,
and the Issuers may exclude from such registration the Securities of any Holder that unreasonably fails to furnish such information within a reasonable time after receiving such request; and 

(p) in the case of a Shelf Registration, enter into such customary agreements and take all such other actions in connection therewith
(including those requested by the Holders of a majority in principal amount of the Registrable Securities being sold) in order to expedite or facilitate the disposition of such Registrable Securities including, but not limited to, an Underwritten
Offering and in such connection, (i) to the extent possible, make such representations and warranties to the Holders and any Underwriters of such Registrable Securities with respect to the business of the Partnership and its subsidiaries, the
Registration Statement, Prospectus and documents incorporated by reference or deemed incorporated by reference, if any, in each case, in form, substance and scope as are customarily made by issuers to underwriters in underwritten offerings and
confirm the same if and when requested, (ii) obtain opinions of counsel to the Issuers (which counsel and opinions, in form, scope and substance, shall be reasonably satisfactory to the Holders and such Underwriters and their respective
counsel) addressed to each selling Holder (to the extent such Holder has advised the Issuers that 

  
 11 

 
such Holder may have a “due diligence” defense under Section 11 of the Securities Act) and Underwriter of Registrable Securities, covering the matters customarily covered in
opinions requested in underwritten offerings, (iii) obtain “comfort” letters from the independent certified public accountants of the Issuers (and, if necessary, any other certified public accountant of any subsidiary of the Issuers
or any Guarantor, or of any business acquired by the Issuers or any Guarantor for which financial statements and financial data are or are required to be included in the Registration Statement) addressed to each selling Holder (to the extent
permitted by applicable professional standards) and Underwriter of Registrable Securities, such letters to be in customary form and covering matters of the type customarily covered in “comfort” letters in connection with underwritten
offerings and (iv) deliver such documents and certificates as may be reasonably requested by the Holders of a majority in principal amount of the Registrable Securities being sold or the Underwriters, and which are customarily delivered in
underwritten offerings, to evidence the continued validity of the representations and warranties of the Issuers made pursuant to clause (i) above and to evidence compliance with any customary conditions contained in an underwriting agreement.

 In the case of a Shelf Registration Statement, the Issuers may require each Holder of Registrable Securities to furnish to the Issuers
such information regarding such Holder and the proposed disposition by such Holder of such Registrable Securities as the Issuers may from time to time reasonably request in writing. 

In the case of a Shelf Registration Statement, each Holder of Registrable Securities covered in such Shelf Registration Statement agrees that,
upon receipt of any notice from the Issuers of the happening of any event of the kind described in Section 3(e)(v) hereof, such Holder will forthwith discontinue disposition of Registrable Securities pursuant to a Registration Statement until such
Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 3(i) hereof and, if so directed by the Issuers, such Holder will deliver to the Issuers all copies in its possession, other than permanent file
copies then in such Holder’s possession, of the Prospectus covering such Registrable Securities that is current at the time of receipt of such notice. 

If the Issuers shall give any such notice to suspend the disposition of Registrable Securities pursuant to a Registration Statement, the
Issuers shall extend the period during which the Registration Statement shall be maintained effective pursuant to this Agreement by the number of days during the period from and including the date of the giving of such notice to and including the
date when the Holders shall have received copies of the supplemented or amended Prospectus necessary to resume such dispositions. The Issuers may give any such notice so long as there are no more than 90 days during any 365-day period in which such suspensions are in effect. 
 The Holders of Registrable Securities covered
by a Shelf Registration Statement who desire to do so may sell such Registrable Securities in an Underwritten Offering. In any such Underwritten Offering, the investment bank or investment banks and manager or managers (the
“Underwriters”) that will administer the offering will be selected by the Majority Holders of the Registrable Securities included in such offering; provided that such selections shall be subject to the approval of the Partnership,
which approval shall not unreasonably be withheld. 

  
 12 

 4. Participation of Broker-Dealers in Exchange Offer. (a) The staff of the SEC has
taken the position that any broker-dealer that receives Exchange Securities for its own account in the Exchange Offer in exchange for Securities that were acquired by such broker-dealer as a result of market-making or other trading activities (a
“Participating Broker-Dealer”) may be deemed to be an “underwriter” within the meaning of the Securities Act and must deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of
such Exchange Securities. 
 The Issuers understand that it is the staff of the SEC’s position that if the Prospectus contained in the
Exchange Offer Registration Statement includes a plan of distribution containing a statement to the above effect and the means by which Participating Broker-Dealers may resell the Exchange Securities, without naming the Participating Broker-Dealers
(or, to the extent permitted by law, made available to purchasers) or specifying the amount of Exchange Securities owned by them, such Prospectus may be delivered by Participating Broker-Dealers to satisfy their prospectus delivery obligation under
the Securities Act in connection with resales of Exchange Securities for their own accounts, so long as the Prospectus otherwise meets the requirements of the Securities Act. 

(b) In light of the above, and notwithstanding the other provisions of this Agreement, the Issuers agree to use their commercially reasonable
best efforts to amend or supplement the Prospectus contained in the Exchange Offer Registration Statement, as would otherwise be contemplated by Section 3(i), for a period of up to 180 days after the last Exchange Date (as such period may be
extended pursuant to the penultimate paragraph of Section 3 of this Agreement), if requested by the Initial Purchasers or by one or more Participating Broker-Dealers, in order to expedite or facilitate the disposition of any Exchange Securities
by Participating Broker-Dealers consistent with the positions of the staff of the SEC recited in Section 4(a) above. The Issuers further agree that Participating Broker-Dealers shall be authorized to deliver such Prospectus (or, to the extent
permitted by law, make available) during such period in connection with the resales contemplated by this Section 4. 
 (c) The Initial
Purchasers shall have no liability to any Issuer, any Guarantor or any Holder with respect to any request that they may make pursuant to Section 4(b) above. 

5. Indemnification and Contribution. (a) Each Issuer and each Guarantor, jointly and severally, agrees to indemnify and hold
harmless the Initial Purchasers and each Holder, their respective affiliates, directors and officers and each Person, if any, who controls an Initial Purchasers or any Holder within the meaning of Section 15 of the Securities Act or
Section 20 of the Exchange Act, from and against any and all losses, claims, damages and liabilities (including, without limitation, legal fees and other expenses incurred in connection with any suit, action or proceeding or any claim asserted,
as such fees and expenses are incurred), joint or several, that arise out of, or are based upon, (1) any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement or any Prospectus or any omission
or alleged omission to state therein a material fact required to be stated therein or necessary in order to make the statements made therein, in the light of the circumstances under which they were made, not misleading, or (2) any untrue
statement or alleged untrue statement of a material fact contained in any Prospectus, any Free Writing Prospectus used in violation of this Agreement or any “issuer information” (“Issuer Information”) filed or required to
be filed pursuant to Rule 433(d) 

  
 13 

 
under the Securities Act, or any omission or alleged omission to state therein a material fact necessary in order to make the statements made therein, in the light of the circumstances under
which they were made, not misleading, in each case, except insofar as such losses, claims, damages or liabilities arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in
conformity with any information relating to the Initial Purchasers or any Holder furnished to the Issuers in writing by the Initial Purchasers through Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated or any
selling Holder expressly for use therein. 
 (b) Each Holder agrees, severally and not jointly, to indemnify and hold harmless the Issuers,
the Guarantors, the Initial Purchasers and the other selling Holders, their respective affiliates, the directors of the Issuers, each officer of the Issuers who signed the Registration Statement and each Person, if any, who controls the Issuers, the
Guarantors, the Initial Purchasers and any other selling Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act to the same extent as the indemnity set forth in paragraph (a) above, but only
with respect to any losses, claims, damages or liabilities that arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any information relating to such
Holder furnished to the Issuers in writing by or on behalf of such Holder expressly for use in any Registration Statement and any Prospectus. 

(c) If any suit, action, proceeding (including any governmental or regulatory investigation), claim or demand shall be brought or asserted
against any Person in respect of which indemnification may be sought pursuant to either paragraph (a) or (b) above, such Person (the “Indemnified Person”) shall promptly notify the Person against whom such indemnification may
be sought (the “Indemnifying Person”) in writing; provided that the failure to notify the Indemnifying Person shall not relieve it from any liability that it may have under this Section 5 except to the extent that it has been
materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided, further, that the failure to notify the Indemnifying Person shall not relieve it from any liability that it may have to an Indemnified
Person otherwise than under this Section 5. If any such proceeding shall be brought or asserted against an Indemnified Person and it shall have notified the Indemnifying Person thereof, the Indemnifying Person shall retain counsel reasonably
satisfactory to the Indemnified Person to represent the Indemnified Person and any others entitled to indemnification pursuant to this Section 5 that the Indemnifying Person may designate in such proceeding and shall pay the fees and expenses
of such counsel related to such proceeding, as incurred. In any such proceeding, any Indemnified Person shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Person
unless (i) the Indemnifying Person and the Indemnified Person shall have mutually agreed to the contrary; (ii) the Indemnifying Person has failed within a reasonable time to retain counsel reasonably satisfactory to the Indemnified Person;
(iii) the Indemnified Person shall have reasonably concluded that there may be legal defenses available to it that are different from or in addition to those available to the Indemnifying Person; or (iv) the named parties in any such
proceeding (including any impleaded parties) include both the Indemnifying Person and the Indemnified Person and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them.
It is understood and agreed that the Indemnifying Person shall not, in connection with any proceeding or related proceeding in the same 

  
 14 

 
jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any local counsel) for all Indemnified Persons, and that all such fees and expenses shall be
reimbursed as they are incurred. Any such separate firm (x) for the Initial Purchasers, their affiliates, directors and officers and any control Persons of an Initial Purchaser shall be designated in writing by the Initial Purchasers,
(y) for any Holder, its affiliates, directors and officers and any control Persons of such Holder shall be designated in writing by the Majority Holders and (z) in all other cases shall be designated in writing by the Issuers. The
Indemnifying Person shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the Indemnifying Person agrees to indemnify each
Indemnified Person from and against any loss or liability by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an Indemnified Person shall have requested that an Indemnifying Person reimburse the
Indemnified Person for fees and expenses of counsel as contemplated by this paragraph, the Indemnifying Person shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more
than 30 days after receipt by the Indemnifying Person of such request and (ii) the Indemnifying Person shall not have reimbursed the Indemnified Person in accordance with such request prior to the date of such settlement. No Indemnifying Person
shall, without the written consent of the Indemnified Person, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Person is or could have been a party and indemnification could have been sought hereunder
by such Indemnified Person, unless such settlement (A) includes an unconditional release of such Indemnified Person, in form and substance reasonably satisfactory to such Indemnified Person, from all liability on claims that are the subject
matter of such proceeding and (B) does not include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of any Indemnified Person. 

(d) If the indemnification provided for in paragraphs (a) and (b) above is unavailable to an Indemnified Person or insufficient in
respect of any losses, claims, damages or liabilities referred to therein, then each Indemnifying Person under such paragraph, in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the amount paid or payable by such
Indemnified Person as a result of such losses, claims, damages or liabilities (i) in such proportion as is appropriate to reflect the relative benefits received by the Issuers and the Guarantors from the offering of the Securities and the
Exchange Securities, on the one hand, and by the Holders from receiving Securities or Exchange Securities registered under the Securities Act, on the other hand, or (ii) if the allocation provided by clause (i) is not permitted by
applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) but also the relative fault of the Issuers and the Guarantors on the one hand and the Holders on the other in connection
with the statements or omissions that resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault of the Issuers and the Guarantors on the one hand and the Holders on the other
shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Issuers and the Guarantors
or by the Holders and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

(e) The Issuers, the Guarantors and the Holders agree that it would not be just and equitable if contribution pursuant to this Section 5
were determined by pro rata allocation (even 

  
 15 

 
if the Holders were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in paragraph
(d) above. The amount paid or payable by an Indemnified Person as a result of the losses, claims, damages and liabilities referred to in paragraph (d) above shall be deemed to include, subject to the limitations set forth above, any legal
or other expenses incurred by such Indemnified Person in connection with any such action or claim. Notwithstanding the provisions of this Section 5, in no event shall a Holder be required to contribute any amount in excess of the amount by
which the total price at which the Securities or Exchange Securities sold by such Holder exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or
alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The
Holders’ obligations to contribute pursuant to this Section 5 are several and not joint. 
 (f) The remedies provided for in this
Section 5 are not exclusive and shall not limit any rights or remedies that may otherwise be available to any Indemnified Person at law or in equity. 

(g) The indemnity and contribution provisions contained in this Section 5 shall remain operative and in full force and effect regardless
of (i) any termination of this Agreement, (ii) any investigation made by or on behalf of the Initial Purchasers or any Holder, their respective affiliates or any Person controlling any Initial Purchaser or any Holder, or by or on behalf of the
Issuers, their respective affiliates or the officers or directors of or any Person controlling the Issuers, (iii) acceptance of any of the Exchange Securities and (iv) any sale of Registrable Securities pursuant to a Shelf Registration
Statement. 
 6. General. 

(a) No Inconsistent Agreements. The Issuers and the Guarantors have not as of the date hereof entered into, nor shall it on or after
the date of this Agreement enter into, any agreement with respect to its securities that is inconsistent with the rights granted to the Holders of Registrable Securities in this Agreement or otherwise conflicts with the provisions hereof. 

(b) Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified
or supplemented, and waivers or consents to departures from the provisions hereof may not be given unless the Issuers have obtained the written consent of Holders of at least a majority in aggregate principal amount of the outstanding Registrable
Securities affected by such amendment, modification, supplement, waiver or consent; provided that no amendment, modification, supplement, waiver or consent to any departure from the provisions of Section 5 hereof shall be effective as against
any Holder of Registrable Securities unless consented to in writing by such Holder. Any amendments, modifications, supplements, waivers or consents pursuant to this Section 6(b) shall be by a writing executed by each of the parties hereto. 

(c) Notices. All notices and other communications provided for or permitted hereunder shall be made in writing by hand-delivery,
registered first-class mail, facsimile, or any courier guaranteeing overnight delivery (i) if to a Holder, at the most current address given by 

  
 16 

 
such Holder to the Issuers by means of a notice given in accordance with the provisions of this Section 6(c), which address initially is, with respect to the Initial Purchaser, the address set
forth in the Purchase Agreement; (ii) if to the Issuers, initially at the Issuers’ address set forth in the Purchase Agreement and thereafter at such other address, notice of which is given in accordance with the provisions of this Section
6(c); and (iii) to such other persons at their respective addresses as provided in the Purchase Agreement and thereafter at such other address, notice of which is given in accordance with the provisions of this Section 6(c). All such notices
and communications shall be deemed to have been duly given at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt is acknowledged, if delivered by
facsimile; and on the next Business Day if timely delivered to an air courier guaranteeing overnight delivery. Copies of all such notices, demands or other communications shall be concurrently delivered by the Person giving the same to the Trustee,
at the address specified in the Indenture. 
 (d) Successors and Assigns. This Agreement shall inure to the benefit of and be binding
upon the successors, assigns and transferees of each of the parties, including, without limitation and without the need for an express assignment, subsequent Holders; provided that nothing herein shall be deemed to permit any assignment, transfer or
other disposition of Registrable Securities in violation of the terms of the Purchase Agreement or the Indenture. If any transferee of any Holder shall acquire Registrable Securities in any manner, whether by operation of law or otherwise, such
Registrable Securities shall be held subject to all the terms of this Agreement, and by taking and holding such Registrable Securities such Person shall be conclusively deemed to have agreed to be bound by and to perform all of the terms and
provisions of this Agreement and such Person shall be entitled to receive the benefits hereof. The Initial Purchasers (in their capacity as the Initial Purchasers) shall have no liability or obligation to the Issuers or the Guarantors with respect
to any failure by a Holder to comply with, or any breach by any Holder of, any of the obligations of such Holder under this Agreement. 

(e) Third Party Beneficiaries. Each Holder shall be a third party beneficiary to the agreements made hereunder between the Issuers, on
the one hand, and the Initial Purchasers, on the other hand, and shall have the right to enforce such agreements directly to the extent it deems such enforcement necessary or advisable to protect its rights or the rights of other Holders hereunder.

 (f) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts,
each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

(g) Headings. The headings in this Agreement are for convenience of reference only, are not a part of this Agreement and shall not
limit or otherwise affect the meaning hereof. 
 (h) Governing Law. This Agreement and any claim, controversy or dispute arising
under or related to this Agreement shall be governed by and construed in accordance with the laws of the State of New York. 

  
 17 

 (i) Miscellaneous. This Agreement contains the entire agreement between the parties
relating to the subject matter hereof and supersedes all oral statements and prior writings with respect thereto. If any term, provision, covenant or restriction contained in this Agreement is held by a court of competent jurisdiction to be invalid,
void or unenforceable or against public policy, the remainder of the terms, provisions, covenants and restrictions contained herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated. The Issuers and the
Initial Purchasers shall endeavor in good faith negotiations to replace the invalid, void or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, void or unenforceable
provisions. 
 [Remainder of This Page is Intentionally Left Blank] 

  
 18 

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

  

			
	Very truly yours,
	
	AMERICAN MIDSTREAM PARTNERS, LP
		
	By:	 	AMERICAN MIDSTREAM GP, LLC,
		 	its general partner
		
	By:	 	 /s/ Eric T. Kalamaras

	Name:	 	Eric T. Kalamaras
	Title:	 	Senior Vice President and Chief Financial Officer
	
	AMERICAN MIDSTREAM FINANCE CORPORATION
		
	By:	 	 /s/ Eric T. Kalamaras

	Name:	 	Eric T. Kalamaras
	Title:	 	Senior Vice President and Chief Financial Officer
	
	GUARANTORS
	
	AMERICAN MIDSTREAM, LLC,
	 AMERICAN MIDSTREAM MARKETING, LLC,

AMERICAN MIDSTREAM (ALABAMA GATHERING), LLC,

	AMERICAN MIDSTREAM (ALABAMA INTRASTATE), LLC,
	 AMERICAN MIDSTREAM (ALATENN), LLC,

AMERICAN MIDSTREAM (LOUISIANA INTRASTATE), LLC,

	 AMERICAN MIDSTREAM (MISSISSIPPI), LLC,

AMERICAN MIDSTREAM (SIGCO INTRASTATE), LLC,

	AMERICAN MIDSTREAM (TENNESSEE RIVER), LLC,
	AMERICAN MIDSTREAM ONSHORE PIPELINES, LLC,

  
 Signature Page to
Registration Rights Agreement 

					
	AMERICAN MIDSTREAM OFFSHORE (SEACREST), LP,
		 	By:	 	American Midstream, LLC, its general partner
	AMERICAN MIDSTREAM (BURNS POINT), LLC,
	AMERICAN MIDSTREAM CHATOM, LLC,
	AMERICAN MIDSTREAM CHATOM UNIT 1, LLC,
	AMERICAN MIDSTREAM CHATOM UNIT 2, LLC,
	AMERICAN MIDSTREAM MADISON, LLC,
	HIGH POINT GAS TRANSMISSION HOLDINGS, LLC,
	HIGH POINT GAS TRANSMISSION, LLC,
	HIGH POINT GAS GATHERING HOLDINGS, LLC,
	HIGH POINT GAS GATHERING, L.L.C.,
	AMERICAN MIDSTREAM (LAVACA), LLC,
	CENTANA GATHERING, LLC,
	CENTANA OIL GATHERING, LLC,
	AMERICAN MIDSTREAM REPUBLIC, LLC,
	AMERICAN MIDSTREAM COSTAR, LLC,
	AMERICAN MIDSTREAM GAS SOLUTIONS, LP,
		 	By:	 	American Midstream Gas Solutions GP, LLC, its general partner
	AMERICAN MIDSTREAM GAS SOLUTIONS GP, LLC,
	AMERICAN MIDSTREAM GAS SOLUTIONS LP, LLC,
	AMERICAN MIDSTREAM BAKKEN, LLC,
	AMERICAN MIDSTREAM PERMIAN, LLC,
	AMERICAN MIDSTREAM EAST TEXAS RAIL, LLC,
	AMERICAN MIDSTREAM DELTA HOUSE, LLC,
	AMERICAN MIDSTREAM MESQUITE, LLC,
	AMERICAN MIDSTREAM TRANSTAR GAS PROCESSING, LLC,
	AMERICAN MIDSTREAM AMPAN, LLC,
	AMERICAN MIDSTREAM EMERALD, LLC,
	AMERICAN MIDSTREAM PINEY WOODS, LLC,

  
 Signature Page to
Registration Rights Agreement 

 
			
	AMERICAN MIDSTREAM MIDLA RECONFIGURATION, LLC
	D-DAY OFFSHORE HOLDINGS, LLC
		
	By:	 	 /s/ Eric T. Kalamaras

	Name:	 	Eric T. Kalamaras
	Title:	 	Senior Vice President and Chief Financial Officer
	
	AMERICAN MIDSTREAM TERMINALING, LLC
	 BLACKWATER INVESTMENTS, INC.,

AMERICAN MIDSTREAM BLACKWATER, LLC,

	 BLACKWATER MIDSTREAM CORP.,

BLACKWATER GEORGIA, L.L.C.,
 BLACKWATER HARVEY, LLC,

BLACKWATER MARYLAND, L.L.C.,
 BLACKWATER NEW ORLEANS,
L.L.C.,

		
	By:	 	 /s/ Eric T. Kalamaras

	Name:	 	Eric T. Kalamaras
	Title:	 	Executive Vice President

  
 Signature Page to
Registration Rights Agreement 

 Confirmed and accepted as of the date first above written: 

 

			
	WELLS FARGO SECURITIES, LLC
	 MERRILL LYNCH, PIERCE, FENNER & SMITH

                          
       INCORPORATED

	on behalf of the several Initial Purchasers named on Schedule I to the Purchase Agreement
		
	By:	 	WELLS FARGO SECURITIES, LLC
		
	By:	 	 /s/ Todd B. Schanzlin

	Name:	 	Todd B. Schanzlin
	Title:	 	Managing Director
		
	By:	 	MERRILL LYNCH, PIERCE, FENNER & SMITH
		 	                                  INCORPORATED
		
	By:	 	 /s/ Jeffrey Bloomquist

	Name:	 	Jeffrey Bloomquist
	Title:	 	Managing Director

 SCHEDULE I 

GUARANTORS 
 American Midstream, LLC 

American Midstream Marketing, LLC 
 American Midstream (Alabama
Gathering), LLC 
 American Midstream (Alabama Intrastate), LLC 

American Midstream (Alatenn), LLC 
 American Midstream (Louisiana
Intrastate), LLC 
 American Midstream (Mississippi), LLC 

American Midstream (Sigco Intrastate), LLC 
 American Midstream
(Tennessee River), LLC 
 American Midstream Onshore Pipelines, LLC 

American Midstream Offshore (Seacrest), LP 
 American Midstream
(Burns Point), LLC 
 American Midstream Chatom, LLC 
 American
Midstream Chatom Unit 1, LLC 
 American Midstream Chatom Unit 2, LLC 

American Midstream Madison, LLC 
 High Point Gas Transmission
Holdings, LLC 
 High Point Gas Transmission, LLC 
 High Point
Gas Gathering Holdings, LLC 
 High Point Gas Gathering, L.L.C. 

American Midstream (Lavaca), LLC 
 Centana Gathering, LLC 

Centana Oil Gathering, LLC 
 American Midstream Republic, LLC 

American Midstream Costar, LLC 
 American Midstream Gas Solutions,
LP 
 American Midstream Gas Solutions GP, LLC 
 American
Midstream Gas Solutions LP, LLC 
 American Midstream Bakken, LLC 

American Midstream Permian, LLC 
 American Midstream East Texas
Rail, LLC 
 American Midstream Delta House, LLC 
 American
Midstream Mesquite, LLC 
 American Midstream Transtar Gas Processing, LLC 

American Midstream Ampan, LLC 
 American Midstream Emerald, LLC

 American Midstream Piney Woods, LLC 
 American Midstream
Midla Reconfiguration, LLC 
 D-Day Offshore Holdings, LLC 

American Midstream Terminaling, LLC 
 Blackwater Investments, INC.

 American Midstream Blackwater, LLC 

 Blackwater Midstream Corp. 

Blackwater Georgia, L.L.C. 
 Blackwater Harvey, LLC 

Blackwater Maryland, L.L.C. 
 Blackwater New Orleans, L.L.CEX-4.3

 Exhibit 4.3 

[FORM OF SUPPLEMENTAL INDENTURE] 
  

 

                    Supplemental
Indenture 
 Dated as
of                    , 20     

Supplement to the Senior Note Indenture 

Dated as of February 10, 2014 
  

 
 PG&E
CORPORATION 
 Issuer 

and 
 U.S. BANK NATIONAL
ASSOCIATION 
 Trustee 
  

 
  

 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE [I] DEFINITIONS
	  	 	1	  
		
	 ARTICLE [II] [ESTABLISHMENT OF THE FLOATING RATE SENIOR NOTES; TERMS]
	  	 	3	  
		
	 [SECTION 201 Establishment and Designation of the Floating Rate Senior Notes.
	  	 	3	  
		
	 [SECTION 202 Form of the Floating Rate Senior Notes.
	  	 	4	  
		
	 [SECTION 203 Principal Amount of the Floating Rate Senior Notes.
	  	 	4	  
		
	 [SECTION 204 Interest Rates; Stated Maturity of the Floating Rate Senior Notes.
	  	 	4	  
		
	 [SECTION 205 No Sinking Fund.
	  	 	4	  
		
	 [SECTION 206 No Redemption.
	  	 	4	  
		
	 [SECTION 207 Paying Agent and Bond Registrar.
	  	 	4	  
		
	 [SECTION 208 Calculation Agent.
	  	 	4	  
		
	 [SECTION 209 Global Securities; Appointment of Depositary for Global Securities.
	  	 	4	  
		
	 [SECTION 210 Other Terms of the Floating Rate Senior Notes.
	  	 	5	  
		
	 ARTICLE [III] [ESTABLISHMENT OF THE     % SENIOR NOTES; TERMS]
	  	 	5	  
		
	 [SECTION 301 Establishment and Designation of the     % Senior Notes.
	  	 	5	  
		
	 [SECTION 302 Form of the     % Senior Notes.
	  	 	5	  
		
	 [SECTION 303 Principal Amount of the     % Senior Notes.
	  	 	5	  
		
	 [SECTION 304 Interest Rates; Stated Maturity of the     % Senior Notes;
Minimum Denomination.
	  	 	6	  
		
	 [SECTION 305 No Sinking Fund.
	  	 	6	  
		
	 [SECTION 306 Paying Agent and Security Registrar.
	  	 	6	  
		
	 [SECTION 307 Global Securities; Appointment of Depositary for Global Securities.
	  	 	6	  
		
	 [SECTION 308 Other Terms of the     % Senior Notes.
	  	 	6	  
		
	 ARTICLE [IV] [OPTIONAL REDEMPTION BY COMPANY]
	  	 	6	  
		
	 [SECTION 401 Optional Redemption.
	  	 	7	  
		
	 [SECTION 402 Calculation of Redemption Price.
	  	 	7	  
		
	 [SECTION 403 Notice of Redemption.
	  	 	7	  
		
	 ARTICLE [V] [REOPENING OF      % SENIOR NOTES]
	  	 	8	  
		
	 ARTICLE [VI] MISCELLANEOUS
	  	 	8	  
		
	 SECTION [601] Application of
            Supplemental Indenture.
	  	 	8	  

  

  
 i 

					
	 	  	Page	 
	 SECTION [602] Effective Date of
            Supplemental Indenture.
	  	 	8	  
		
	 SECTION [603] Counterparts.
	  	 	8	  
		
	 EXHIBIT [    ]
	  			

  
 ii 

                     SUPPLEMENTAL
INDENTURE, dated as of                     , 20         (this
“             Supplemental Indenture”), by and between PG&E CORPORATION, a corporation duly organized and existing under the laws of the State of California (the
“Company” or the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Trustee under the Base Indenture (as hereinafter
defined) (the “Trustee”). 
 RECITALS OF THE COMPANY 

A. The Company and the Trustee are parties to that certain Senior Note Indenture, dated as of February 10, 2014 (the “Base
Indenture”), as amended and supplemented by the First Supplemental Indenture, dated as of February 27, 2014 (the “First Supplemental Indenture,” and together with the Base Indenture, the “Indenture”) providing for the
issuance by the Company of an unlimited number of series of Senior Notes (as defined in the Base Indenture) from time to time. 
 B. Under
the Base Indenture, the Company is authorized to establish one or more series of Senior Notes at any time in accordance with and subject to the provisions of the Base Indenture, and the terms of such series of Senior Notes may be described by a
supplemental indenture executed by the Company and the Trustee. 
 C. The execution and delivery of this
                Supplemental Indenture has been authorized by a Board Resolution (as defined in the Base Indenture). 

D. Concurrent with the execution hereof, the Company has caused its counsel to deliver to the Trustee an Opinion of Counsel (as defined in the
Base Indenture) pursuant to Sections 102 and 904 of the Base Indenture together with a Company Order pursuant to Section 302 of the Base Indenture. 

E. The Company has done all things necessary to make this
                Supplemental Indenture a valid agreement of the Company, in accordance with its terms. 

NOW, THEREFORE, the Company and the Trustee agree, for the benefit of each other and for the equal and proportionate benefit of Holders of
[the Floating Rate Senior Notes] [the     % Senior Notes] (as defined below) with respect to all provisions herein applicable to such series of notes, as follows: 

ARTICLE [I]  

DEFINITIONS 
 Unless the
context otherwise requires, capitalized terms used but not defined herein have the meaning set forth in the Indenture. The following additional terms are hereby established for purposes of this
                Supplemental Indenture and shall have the meanings set forth in
this                Supplemental Indenture only for purposes of this                 
Supplemental Indenture: 
 [“    % Senior Notes” has the meaning set forth in Section
            hereto.] 

 [“Adjusted Treasury Rate” means, with respect to any Redemption Date for any
    % Senior Notes, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount)
equal to the Comparable Treasury Price for such Redemption Date.]
 [“Calculation Agency Agreement” means the Calculation
Agency Agreement, dated as of                     , 20        , by and between the Company and the
Calculation Agent, as such agreement may be amended, modified or supplemented from time to time.] 
 [“Calculation Agent”
means                             or such other Person as the Company shall from time to time designate in
accordance with the Calculation Agency Agreement.] 
 [“Comparable Treasury Issue” means the United States Treasury
security selected by the Quotation Agent as having a maturity comparable to the remaining term of the     % Senior Notes to be redeemed, assuming, for such purpose, that the     %
Senior Notes matured on                     , 20         (the date that is
        months prior to the maturity date) (the “remaining term”), that would be used, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate
debt securities of comparable maturity to the remaining term.] 
 [“Comparable Treasury Price” means, with respect to any
Redemption Date for any     % Senior Notes, (1) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest of the Reference Treasury Dealer
Quotations or (2) if the Company obtains fewer than four Reference Treasury Dealer Quotations, the average of all Reference Treasury Dealer Quotations so received.] 

[“Floating Rate Senior Notes” has the meaning set forth in Section          hereto.]

 [“Original Issue Date” means
                    , 20        .] 

[“Primary Treasury Dealer” means a primary U.S. Government Securities dealer in the United States.] 

[“Quotation Agent” means the Reference Treasury Dealer appointed by the Company.] 

[“Redemption Price” means the price at which     % Senior Notes may be redeemed pursuant to Section
         or Section              hereto, as applicable.] 

[“Reference Treasury Dealer” means (1) each of
                      and                  , and their respective
successors, unless any of them ceases to be a Primary Treasury Dealer, in which case the Company shall substitute another Primary Treasury Dealer; and (2) any other Primary Treasury Dealer selected by the Company.] 

[“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the
average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by that Reference Treasury Dealer at 5:00 p.m.,
New York City time, on the third Business Day preceding such Redemption Date. For purposes of this definition only, “Business Day” means any day that is not a day on which banking institutions in New York City are authorized or required by
law or regulation to close.] 

  
 2 

 [“Remaining Scheduled Payments” means, with respect to each of the
    % Senior Notes that the Company is redeeming pursuant to Section         hereto, the remaining scheduled payments of principal and interest that would be due after the applicable
Redemption Date if such     % Senior Notes were not redeemed. However, if the Redemption Date is not a scheduled Interest Payment Date with respect to such     % Senior Notes, the amount
of the next succeeding scheduled interest payment on such     % Senior Notes will be reduced by the amount of interest accrued on such     % Senior Notes to the Redemption Date.] 

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

The words “herein,” “hereof” and “hereunder” and other words of similar import refer to this
                    Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision. 

ARTICLE [II] 
 NOTE: THE FOLLOWING IS
APPLICABLE TO SENIOR NOTES WITH A FLOATING INTEREST RATE 
 [ESTABLISHMENT OF THE FLOATING RATE SENIOR NOTES; TERMS] 

[SECTION 201    Establishment and Designation of the Floating Rate Senior Notes. 

Pursuant to the terms hereof and Section 301 of the Base Indenture, the Company hereby establishes a series of Senior Notes designated as the
“Floating Rate Senior Notes due                     , 20        ” (the “Floating Rate Senior
Notes”). The Floating Rate Senior Notes may be reopened, from time to time, for issuances of additional Senior Notes of such series, and any additional Securities issued and comprising Floating Rate Senior Notes shall have identical terms
as the Floating Rate Senior Notes, except that the issue price, issue date and, in some cases, the first Interest Payment Date may differ.] 

  
 3 

 [SECTION 202    Form of the Floating Rate Senior Notes.

 The Floating Rate Senior Notes shall be issued in the form of one or more Global Securities in substantially the form set forth in
Exhibit [    ] hereto.] 
 [SECTION 203    Principal Amount of the Floating Rate
Senior Notes. 
 The Floating Rate Senior Notes shall be issued in an initial aggregate principal amount of
$                      .] 
 [SECTION
204    Interest Rates; Stated Maturity of the Floating Rate Senior Notes. 
 The rate of interest on
the Floating Rate Senior Notes shall be calculated as set forth in the form of the Floating Rate Senior Notes attached as Exhibit [    ] hereto.] 

[The Floating Rate Senior Notes shall have a Stated Maturity of
                    , 20        .] 

[SECTION 205    No Sinking Fund. 

No sinking fund is provided for the Floating Rate Senior Notes.] 

[SECTION 206    No Redemption. 

The Floating Rate Senior Notes shall not be subject to redemption prior to their Stated Maturity.] 

[SECTION 207    Paying Agent and Bond Registrar. 

The Trustee is hereby appointed as initial Paying Agent and initial Security Registrar for the Floating Rate Senior Notes. The Place of
Payment of the Floating Rate Senior Notes shall be the Corporate Trust Office of the Trustee.]
 [SECTION
208    Calculation Agent. 
 The
                     is hereby appointed as the initial Calculation Agent for the Floating Rate Senior Notes.] 

[SECTION 209    Global Securities; Appointment of Depositary for Global Securities.

 The Floating Rate Senior Notes shall be issued in the form of one or more permanent Global Securities as provided in Section 203 of the
Base Indenture and deposited with, or on behalf of, the Depositary, or with the Trustee, as custodian for the Depositary, duly executed by the Company and authenticated by the Trustee. 

The Company hereby initially appoints The Depository Trust Company (“DTC”) to act as the Depositary with respect to all Floating
Rate Senior Notes, and the Floating Rate Senior Notes shall initially be registered in the name of Cede & Co., as the nominee of DTC. 

  
 4 

 None of the Company, the Trustee, any Paying Agent or any Security Registrar will have any
responsibility or liability for any aspect of Depositary records relating to, or payments made on account of, beneficial ownership interests in a Global Security or for maintaining, supervising or reviewing any Depositary records relating to such
beneficial ownership interests, or for transfers of beneficial interests in the Floating Rate Senior Notes or any transactions between the Depositary and beneficial owners.] 

[SECTION 210    Other Terms of the Floating Rate Senior Notes. 

The other terms of the Floating Rate Senior Notes shall be as expressly set forth herein and in Exhibit
[    ].] 
 ARTICLE [III] 

NOTE: THE FOLLOWING IS APPLICABLE TO SENIOR NOTES WITH A FIXED INTEREST RATE 

[ESTABLISHMENT OF THE     % SENIOR NOTES; TERMS] 

[SECTION 301    Establishment and Designation of the     % Senior Notes. 

Pursuant to the terms hereof and Section 301 of the Base Indenture, the Company hereby establishes a series of Senior Notes designated as the
“    % Senior Notes due                     , 20        ” (the
“    % Senior Notes”). The     % Senior Notes may be reopened, from time to time, for issuances of additional Senior Notes of such series, and any additional Senor Notes issued and comprising
    % Senior Notes shall have identical terms as the     % Senior Notes, except that the issue price, issue date and, in some cases, the first Interest Payment Date may differ.] 

[SECTION 302    Form of the     % Senior Notes. 

The     % Senior Notes shall be issued in the form of one or more Global Securities in substantially the
form set forth in Exhibit [    ] hereto.] 
 [SECTION 303    Principal Amount of
the     % Senior Notes. 
 The     % Senior Notes shall be issued in an initial aggregate
principal amount of $                  .] 

  
 5 

 [SECTION 304    Interest Rates; Stated Maturity of the
    % Senior Notes; Minimum Denomination. 
 The     % Senior Notes shall bear
interest at the rate of     % per annum and shall have a Stated Maturity of                     ,
20        . 
 The     % Senior Notes are issuable in denominations of
$                 and any integral multiple of $1,000 in excess thereof.] 

[SECTION 305    No Sinking Fund. 

No sinking fund is provided for the     % Senior Notes.] 

[SECTION 306    Paying Agent and Security Registrar. 

The Trustee is hereby appointed as initial Paying Agent and initial Security Registrar for the     % Senior Notes. The
    % Senior Notes shall be payable at the Corporate Trust Office of the Trustee.]
 [SECTION
307    Global Securities; Appointment of Depositary for Global Securities. 
 The
    % Senior Notes shall be issued in the form of one or more permanent Global Securities as provided in Section 203 of the Base Indenture and deposited with, or on behalf of, the Depositary, or with the Trustee, as custodian for
the Depositary, duly executed by the Company and authenticated by the Trustee. 
 The Company hereby initially appoints The Depository Trust
Company (“DTC”) to act as the Depositary with respect to all     % Senior Notes, and the     % Senior Notes shall initially be registered in the name of Cede & Co., as the nominee of DTC. 

None of the Company, the Trustee, any Paying Agent or any Security Registrar will have any responsibility or liability for any aspect of
Depositary records relating to, or payments made on account of, beneficial ownership interests in a Global Security or for maintaining, supervising or reviewing any Depositary records relating to such beneficial ownership interests, or for transfers
of beneficial interests in the     % Senior Notes or any transactions between the Depositary and beneficial owners.] 

[SECTION 308    Other Terms of the     % Senior Notes. 

The other terms of the     % Senior Notes shall be as expressly set forth herein and in Exhibit
[    ].] 
 ARTICLE [IV] 

[OPTIONAL REDEMPTION BY COMPANY] 

  
 6 

 [SECTION 401    Optional Redemption. 

(a) Subject to the terms and conditions of the Indenture, at any time prior
to                    , 20         (the date that is     months prior to the Maturity
Date), the     % Senior Notes are redeemable at the option of the Company in whole or in part at a redemption price equal to the greater of: 

(i) 100% of the principal amount of the     % Senior Notes to be redeemed; or 

(ii) as determined by the Quotation Agent, the sum of the present values of the Remaining Scheduled Payments of principal and
interest on the     % Senior Notes to be redeemed (not including any portion of payments of interest accrued as of the Redemption Date), calculated as if the Maturity Date of such     % Senior Notes was
                    , 20         (the date that is      months prior to the Maturity
Date), discounted to the Redemption Date on a semi-annual basis at the Adjusted Treasury Rate, plus      basis points; 
 plus, in
either of the above cases, accrued and unpaid interest thereon to but not including the Redemption Date. 
 (b) Subject to the terms and
conditions of the Indenture, at any time on or after                     , 20         (the date that is
     months prior to the Maturity Date), the     % Senior Notes are redeemable at the option of the Company in whole or in part at 100% of the principal amount of the     % Senior Notes to
be redeemed, plus accrued and unpaid interest thereon to but not including the Redemption Date. 
 (c) The Redemption Price shall be
calculated assuming a 360-day year consisting of twelve 30-day months.] 
 [SECTION 402    Calculation of
Redemption Price. 
 The Company shall calculate the Redemption Price for the redemption of any     %
Senior Notes pursuant to Section         , and notify the Trustee of such Redemption Price before it sends the amount of the Redemption Price to the Trustee or any Paying Agent.] 

[SECTION 403    Notice of Redemption. 

(a) Notice of any redemption pursuant to Section          shall be given to Holders of the
    % Senior Notes in the manner set forth in Section 106 of the Base Indenture and in the form set forth in Section 1104 of the Base Indenture, except that such notice shall be given not less than ten (10) days nor more than
sixty (60) days prior to the Redemption Date; provided, however, that such notice need not state the dollar amount of the Redemption Price if such dollar amount has not been determined as of the date such notice is being given to the Holders of the
    % Senior Notes being redeemed. Notwithstanding Section 1101 of the Base Indenture, if the Company elects to redeem any     % Senior Notes pursuant to
Section         hereof, it shall give written notice to the Trustee of such Redemption Date and of the 

  
 7 

 
principal amount of the     % Senior Notes to be redeemed at least 20 days prior to the redemption date fixed by the Company (unless a shorter notice shall be
satisfactory to the Trustee).] 
 ARTICLE [V] 

NOTE: THE FOLLOWING IS APPLICABLE TO A REOPENING OF A SERIES OF SENIOR NOTES 

[REOPENING OF     % SENIOR NOTES] 

[Pursuant to the Section of the          Supplemental Indenture, the     % series
of Senior Notes established by said section and designated as the “    % Senior Notes due                     ,
20        ” (the “    % Senior Notes”) is reopened and additional Senior Notes comprising part of such series shall be issued in the aggregate principal amount of
$             and shall be issued in the form of one or more Global Securities in substantially the form set forth in Exhibit [    ] hereto. As a result of the further
issuance of $             aggregate principal amount of     %         Senior Notes due
                    , 20         on
                    , 20        , the issued amount of Senior Notes of such series now totals
$            .] 
 ARTICLE [VI] 

MISCELLANEOUS 
 SECTION
[601]    Application of             Supplemental Indenture. 

Except as provided herein, each and every term and condition contained in this         Supplemental
Indenture that modifies, amends or supplements the terms and conditions of the Indenture shall apply only to the          Senior Notes established hereby and not to any other series of Senior Notes established
under the Indenture. Except as specifically amended and supplemented by, or to the extent inconsistent with, this         Supplemental Indenture, the Indenture shall remain in full force and effect and is
hereby ratified and confirmed. 
 SECTION [602]    Effective Date of
            Supplemental Indenture. 
 This
         Supplemental Indenture shall be effective upon the execution and delivery hereof by each of the parties hereto. 

SECTION [603]    Counterparts. 

This         Supplemental Indenture may be executed in any number of counterparts, each of which so
executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 

  
 8 

 IN WITNESS WHEREOF, the parties hereto have caused this
         Supplemental Indenture to be duly executed by their respective officers hereunto duly authorized, all as of the day and year first above written. 

 

			
	PG&E CORPORATION,
		 	as Issuer
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	U.S. BANK NATIONAL ASSOCIATION
		 	as Trustee
		
	By:	 	  

	Name:	 	
	Title:	 	

 Signature Page to         Supplemental Indenture 

 NOTE: This form to be used for senior notes with a floating interest rate. 

EXHIBIT      

FORM OF FLOATING RATE SENIOR NOTES DUE
                    , 20     

THIS SENIOR NOTE IS A SENIOR NOTE AND A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE
NAME OF A DEPOSITARY OR A NOMINEE THEREOF. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SENIOR NOTES IN DEFINITIVE FORM, THIS SENIOR NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE 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. 

UNLESS THIS SENIOR NOTE CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SENIOR NOTE CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN 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. 
 THE FOLLOWING SUMMARY OF TERMS IS SUBJECT TO THE
INFORMATION SET FORTH ON THE REVERSE HEREOF: 
  

					
	 PRINCIPAL AMOUNT :

$
	  	ORIGINAL ISSUE DATE:	  	INTEREST RATE:
			
	 MATURITY DATE:
	  	INTEREST PAYMENT DATES:	  	 THIS SENIOR NOTE IS A:
  

☒ Global Book-Entry Senior Note
 ☐ Certificated Senior
Note

	 REGISTERED OWNER: Cede & Co., as

nominee of The Depository Trust Company
	  		  	

  
 1 

 PG&E CORPORATION 

FLOATING SENIOR NOTES DUE
                    , 20     
  

					
	No. R-            	  		  	Principal Amount: $            
	CUSIP No:            	  		  	

 PG&E CORPORATION, a corporation duly organized and existing under the laws of the State of California
(herein called the “Company,” which term includes any successor Person pursuant to the applicable provisions of the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., as nominee for The
Depository Trust Company, or registered assigns, the Principal Amount stated above on the Maturity Date stated above, and to pay interest thereon from and including the Original Issue Date stated above or, in the case of a Floating Rate Senior Note
due                     , 20     issued upon the registration of transfer or exchange, from
and including the most recent Interest Payment Date to which interest has been paid or duly provided for, quarterly in arrears on the Interest Payment Dates set forth above and on the Maturity Date stated above until the principal hereof is paid or
made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Floating Rate Senior Note due
                    , 20     (this “Senior Note,” and together with all other
Floating Rate Senior Notes due                     , 20     , the
“Floating Rate Senior Notes”) (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the
            ,             ,              and
             preceding such Interest Payment Date, as applicable; provided, however, that interest payable at the Maturity Date will be paid to the Person to whom
principal is payable. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Senior Note (or one or more
Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Floating Rate Senior Notes not less than 10
days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of the Indenture and any securities exchange, if any, on which the Floating Rate Senior Notes may be listed, and upon
such notice as may be required by any such exchange, all as more fully provided in said Indenture. 
 Payments of interest on this Senior
Note will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for this Senior Note shall be computed and paid on the basis of a 360-day year and the actual days elapsed.

Payment of principal of, premium, if any, and interest on Floating Rate Senior Notes shall be made in such coin or currency of the United
States of America as at the time of payment is legal tender for payment of public and private debts. Payments of principal of, premium, if any, and interest on the Floating Rate Senior Notes represented by a Global Security shall be

  
 2 

 
made by wire transfer of immediately available funds to the Holder of such Global Security, provided that, in the case of payments of principal and premium, if any, such Global Security is first
surrendered to the Paying Agent. If any of the Floating Rate Senior Notes are no longer represented by a Global Security, (i) payments of principal, premium, if any, and interest due on the Maturity Date of such Floating Rate Senior Notes shall be
made at the office of the Paying Agent upon surrender of such Floating Rate Senior Notes to the Paying Agent, and (ii) payments of interest shall be made, at the option of the Company, subject to such surrender where applicable, (A) by check mailed
to the address of the Person entitled thereto as such address shall appear in the Security Register or (B) by wire transfer to registered Holders of at least $10,000,000 in principal amount of Floating Rate Senior Notes at such place and to such
account at a banking institution in the United States as such Holders may designate in writing to the Trustee at least sixteen (16) days prior to the date for payment. 

REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS FLOATING RATE SENIOR NOTE SET FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS
SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE. 
 Unless the certificate of authentication hereon has been
executed by the Trustee referred to on the reverse hereof by manual signature, this Floating Rate Senior Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 3 

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

Dated:                    , 20 

 

			
	PG&E CORPORATION
		
	By:	 	  

		 	    Name:
		 	    Title:
		
	By:	 	  

		 	    Name:
		 	    Title:

  
 4 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This Senior Note is one of the Senior Notes of the series designated as the
             referred to in the within-mentioned Indenture. 

Dated:                    ,
20     
  

			
	U.S. BANK NATIONAL ASSOCIATION, As Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 5 

 Reverse of Senior Note 

This Floating Rate Senior Note due
                    , 20     is one of a duly authorized issue of Senior Notes of the Company, issued and issuable in one or
more series under a Senior Note Indenture, dated as of February 10, 2014 (the “Base Indenture”), as supplemented by a First Supplemental Indenture, dated as of February 27, 2014 (the “First Supplemental Indenture”) and the
                     Supplemental Indenture, dated as of
                    , 20     (the
“                     Supplemental Indenture,” and with all additional indentures supplemental thereto, and any constituent instruments
establishing the terms of particular Senior Notes, being herein called the “Indenture”), between the Company and U.S. Bank National Association, as Trustee (herein called the “Trustee,” which term includes any successor trustee
under the Indenture), and reference is hereby made to the Indenture for a description of the respective rights, limitations of rights, duties and immunities of the Company, the Trustee and the Holders of Senior Notes thereunder and of the terms and
conditions upon which Senior Notes are, and are to be, authenticated and delivered. The acceptance of this Senior Note shall be deemed to constitute the consent and agreement by the Holder hereof to all of the terms and provisions of the Indenture.

 The interest rate on the Floating Rate Senior Notes will be reset quarterly on
                    , 20    
                    , 20     and
                    , 20     (each, an “Interest Reset Date”). The Floating Rate Senior Notes will bear interest at a
per annum rate equal to      -month LIBOR (as defined below) for the applicable Interest Reset Period or Initial Interest Period (each as defined below) plus      % (     basis points). The
interest rate for the Initial Interest Period will be      -month LIBOR, determined as of two London Business Days prior to the Original Issue Date, plus      % (     basis points) per
annum, which shall be      %.
 The “Initial Interest Period” will be the period from and including the
Original Issue Date to but excluding the initial Interest Reset Date. Thereafter, each “Interest Reset Period” will be the period from and including an Interest Reset Date to but excluding the immediately succeeding Interest Reset Date;
provided that the final Interest Reset Period for the Floating Rate Senior Notes will be the period from and including the Interest Reset Date immediately preceding the Maturity Date of such Floating Rate Senior Notes to but excluding the Maturity
Date. 
 If any Interest Reset Date would otherwise be a day that is not a Business Day, the Interest Reset Date will be postponed to the
immediately succeeding day that is a Business Day, except that if that Business Day is in the immediately succeeding calendar month, the Interest Reset Date shall be the immediately preceding Business Day. 

The interest rate in effect on each day will be (i) if that day is an Interest Reset Date, the interest rate determined as of the Interest
Determination Date (as defined below) immediately preceding such Interest Reset Date or (ii) if that day is not an Interest Reset Date, the interest rate determined as of the Interest Determination Date immediately preceding the most recent Interest
Reset Date or the Original Issue Date, as the case may be. 
 The interest rate applicable to each Interest Reset Period commencing on the
related Interest Reset Date, or the Original Issue Date in the case of the Initial Interest Period, will be the rate determined as of the applicable Interest Determination Date. The “Interest Determination

  
 6 

 
Date” will be the second London Business Day immediately preceding the Original Issue Date, in the case of the initial Interest Reset Period, or thereafter, will be the second London
Business Day immediately preceding the applicable Interest Reset Date. With respect to any Interest Determination Date, the Calculation Agent will determine      -month LIBOR in accordance with the following provisions: 

(i) LIBOR is the rate for deposits in U.S. dollars for the      -month period which appears on Reuters Screen LIBOR01 Page
(as defined below) at approximately 11:00 a.m., London time, on the applicable Interest Determination Date. “Reuters Screen LIBOR01 Page” means the display designated on page “LIBOR01” on Reuters Screen (or such other page as may
replace the LIBOR01 page on that service, any successor service or such other service or services as may be nominated by the British Bankers’ Association for the purpose of displaying London interbank offered rates for U.S. dollar deposits). If
no rate appears on Reuters Screen LIBOR01 Page, LIBOR for such Interest Determination Date will be determined in accordance with the provisions of paragraph (ii) below. 

(ii) With respect to an Interest Determination Date on which no rate appears on Reuters Screen LIBOR01 Page as of approximately 11:00 a.m.,
London time, on such Interest Determination Date, the Calculation Agent shall request the principal London offices of each of four major reference banks (which may include affiliates of the underwriters) in the London interbank market selected by
the Company to provide the Calculation Agent with a quotation of the rate at which deposits of U.S. dollars having a      -month maturity, commencing on the second London Business Day immediately following such Interest
Determination Date, are offered by it to prime banks in the London interbank market as of approximately 11:00 a.m., London time, on such Interest Determination Date in a principal amount equal to an amount of not less than U.S. $1,000,000 that is
representative for a single transaction in such market at such time. If at least two such quotations are provided, LIBOR for such Interest Determination Date will be the arithmetic mean of such quotations as calculated by the Calculation Agent. If
fewer than two quotations are provided, LIBOR for such Interest Determination Date will be the arithmetic mean of the rates quoted as of approximately 11:00 a.m., New York City time, on such Interest Determination Date by three major banks (which
may include affiliates of the underwriters) selected by the Company for loans in U.S. dollars to leading European banks having a      -month maturity commencing on the second London Business Day immediately following such
Interest Determination Date and in a principal amount equal to an amount of not less than U.S. $1,000,000 that is representative for a single transaction in such market at such time; provided, however, that if the banks selected as aforesaid by the
Company are not quoting such rates as mentioned in this sentence, LIBOR for such Interest Determination Date will be LIBOR determined with respect to the immediately preceding Interest Determination Date. 

All percentages resulting from any calculation of any interest rate for the Floating Rate Senior Notes will be rounded, if necessary, to the
nearest one hundred thousandth of a percentage point, with five one-millionths of a percentage point rounded upward (e.g., 9.876545% (or .09876545) would be rounded to 9.87655% (or .0987655)), and all dollar amounts will be rounded to the nearest
cent, with one-half cent being rounded upward. 
 Promptly upon such determination, the Calculation Agent will notify the Company and the
Trustee (if the Calculation Agent is not the Trustee) of the interest rate for the new Interest 

  
 7 

 
Reset Period. Upon request of a Holder of the Floating Rate Senior Notes, the Calculation Agent will provide to such Holder the interest rate in effect on the date of such request and, if
determined, the interest rate for the next Interest Reset Period. 
 All calculations made by the Calculation Agent for the purposes of
calculating interest on the Floating Rate Senior Notes shall be conclusive and binding on the Holders of the Floating Rate Senior Notes and the Company, absent manifest errors. 

“Business Day” means any day (1) that is not a Saturday or Sunday and that is not a day on which banking institutions are authorized
or obligated by law or executive order to close in The City of New York and, for any place of payment outside of The City of New York, in such place of payment, and (2) that is also a “London Business Day”, which is a day on which dealings
in deposits in U.S. dollars are transacted in the London interbank market. 
 Interest will be payable on
                    , 20    ,
                    , 20    ,
                    , 20     and on the Maturity Date (each an “Interest Payment Date”). In the event that any
date on which interest is payable on this Senior Note (other than the Maturity Date) is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or
payment in respect of any such delay) with the same force and effect as if made on the date the payment was originally payable, except that if such Business Day is in the next succeeding calendar month, such Interest Payment Date shall be the
immediately preceding Business Day. If the Maturity Date falls on a day that is not a Business Day, the payment of principal, premium, if any, and interest may be made on the next succeeding Business Day with the same force and effect as if made on
the date payment was originally payable, and no interest on such payment shall accrue for the period from and after maturity. 
 Unless
otherwise specified on the face hereof, interest payments, if any, will be the amount of interest accrued from and including the last date in respect of which interest has been paid or duly provided for (or from and including the Original Issue Date
stated above if no interest has been paid or provided for with respect to this Senior Note) to but excluding the Interest Payment Date or the Maturity Date. Accrued interest hereon from the Original Issue Date stated above or from the last date to
which interest hereon has been paid is calculated by multiplying the face amount hereof by an accrued interest factor. Such accrued interest factor is computed by adding the interest factor calculated for each day from the Original Issue Date stated
above or from the last date to which interest shall have been paid, to the date for which accrued interest is being calculated. The interest factor for each day shall be computed by dividing the interest rate applicable to such day by 360. All
percentages resulting from any calculation hereon will be rounded to the nearest one hundred-thousandth of a percentage point, with five-one millionths of a percentage point rounded upwards. For example, 9.876545% (or .09876545) would be rounded to
9.87655% (or .0987655). All dollar amounts used in or resulting from any calculation hereon will be rounded to the nearest cent. 
 The
interest rate on the Floating Rate Senior Notes will in no event be higher than the maximum rate permitted by California law as the same may be modified by United States law of general applicability. 

[This Senior Note shall not be subject to redemption prior to its Stated Maturity.] 

  
 8 

 As provided in the Indenture and subject to certain limitations therein set forth, this Senior
Note or any portion of the principal amount hereof will be deemed to have been paid for all purposes of the Indenture and to be no longer Outstanding thereunder, and the Company’s entire indebtedness in respect thereof will be satisfied and
discharged, if there has been irrevocably deposited with the Trustee or any Paying Agent (other than the Company), in trust, money in an amount which will be sufficient and/or Eligible Obligations, the principal of and interest on which when due,
without regard to any reinvestment thereof, will provide moneys which, together with money, if any, deposited with or held by the Trustee or such Paying Agent, will be sufficient to pay when due the principal of and premium, if any, and interest on
this Senior Note when due. 
 If an Event of Default shall occur and be continuing, the Trustee or the Holders of not less than 33% in
aggregate principal amount of the Outstanding Floating Rate Senior Notes, considered as one class, may declare the principal amount of all Floating Rate Senior Notes then Outstanding to be due and payable immediately by notice in writing to the
Company (and to the Trustee if given by Holders); provided, however, that upon the occurrence of an Event of Default specified Section 501(5) or Section 501(6) of the Base Indenture, the principal amount of all Floating Rate Senior Notes then
Outstanding shall be due and payable immediately without declaration or other action by the Trustee or Holders of the Floating Rate Senior Notes. 

The Indenture permits, with certain exceptions as therein provided, the Company and the Trustee to enter into one or more supplemental
indentures for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, the Indenture with the consent of the Holders of not less than a majority in aggregate principal amount of Outstanding Senior
Notes of each series affected by such supplemental indenture. The Indenture also contains provisions permitting the Holders of a majority in aggregate principal amount of Floating Rate Senior Notes, on behalf of the Holders of all Floating Rate
Senior Notes, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Senior Note shall be conclusive and binding upon such Holder and upon all future Holders of this Senior Note
and of any Senior Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Senior Note. 

As provided in and subject to the provisions of the Indenture, the Holder of this Senior Note shall not have the right to institute any
proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to
the Floating Rate Senior Notes, the Holders of at least 33% in aggregate principal amount of the Floating Rate Senior Notes at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of
Default in its own name as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of at least a majority in aggregate principal amount of the Floating Rate Senior Notes at the time Outstanding
a direction inconsistent with such written request, and shall have failed to institute any such proceeding for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder
of this Senior Note for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 

  
 9 

 No reference herein to the Indenture and no provision of this Senior Note or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Senior Note at the times, place and rate, and in the coin or currency, herein prescribed. 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Senior Note is registrable in the
Security Register, upon surrender of this Senior Note for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Senior Note are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company, the Trustee or the Security Registrar, as the case may be, duly executed by the Holder hereof or such Holder’s attorney duly authorized in writing, and
thereupon one or more new Floating Rate Senior Notes of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Floating Rate Senior Notes are issuable only in registered form without coupons in denominations of
$             and integral multiples of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, the Floating Rate Senior Notes are
exchangeable for a like aggregate principal amount of Floating Rate Senior Notes and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 

No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Senior Note for registration
of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Senior Note is registered as the owner hereof for all purposes, whether or not this Senior Note is overdue, and neither the
Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 This Senior Note shall be governed by, and construed
and enforced in accordance with, the laws of the State of New York without regard to the principles of conflicts of laws thereunder, except to the extent that the Trust Indenture Act shall be applicable. 

As provided in the Indenture, no recourse shall be had for the payment of the principal of, premium, if any, or interest with respect to this
Senior Note, or any part thereof, or for any claim based hereon or otherwise in respect hereof, or of the indebtedness represented hereby, or upon any obligation, covenant or agreement under the Indenture, against any incorporator, shareholder,
officer or director, as such, past, present or future, of the Company or of any predecessor or successor corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any constitutional
provision, statute or rule of law or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that the Indenture and all the Floating Rate Senior Notes are solely corporate obligations and that any such
personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of the Indenture and the issuance of this Senior Note. 

  
 10 

 All terms used in this Senior Note which are not defined herein shall have the meanings assigned
to them in the Indenture. 

  
 11 

 ASSIGNMENT FORM 
  

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

	(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 Senior 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 Senior Note)

					
			
		 	Tax Identification No.:	 	  

					
			
		 	SIGNATURE GUARANTEE:	 	
			
		 	  
	 	
		
		 	Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Security Registrar, which requirements include membership or participation in the Securities Transfer Agent
Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Security Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of
1934, as amended.

  
 12 

 NOTE: This form to be used for senior notes with a fixed interest rate 

EXHIBIT     

FORM OF     % SENIOR NOTES
DUE                     , 20     

THIS SENIOR NOTE IS A SENIOR NOTE AND A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE
NAME OF A DEPOSITARY OR A NOMINEE THEREOF. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SENIOR NOTES IN DEFINITIVE FORM, THIS SENIOR NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE 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. 

UNLESS THIS SENIOR NOTE CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SENIOR NOTE CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN 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. 
 THE FOLLOWING SUMMARY OF TERMS IS SUBJECT TO THE
INFORMATION SET FORTH ON THE REVERSE HEREOF: 
  

					
	 PRINCIPAL AMOUNT :

$
	  	ORIGINAL ISSUE DATE:	  	INTEREST RATE:
			
	 MATURITY DATE:
	  	INTEREST PAYMENT DATES:	  	 THIS SENIOR NOTE IS A:
  

☒ Global Book-Entry Senior Note

☐ Certificated Senior Note

	 REGISTERED OWNER: Cede & Co., as

nominee of The Depository Trust Company
	  		  	

  
 1 

 PG&E CORPORATION 

% SENIOR NOTES DUE                 , 20    

 (Fixed Rate) 
  

			
	No. R-            	  	Principal Amount: $            
	CUSIP No:            	  	

 PG&E CORPORATION, a corporation duly organized and existing under the laws of the State of California
(herein called the “Company,” which term includes any successor Person pursuant to the applicable provisions of the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., as nominee for The
Depository Trust Company, or registered assigns, the Principal Amount stated above on the Maturity Date stated above, and to pay interest thereon from and including the Original Issue Date stated above or, in the case of a     %
Senior Note due                , 20     issued upon the registration of transfer or exchange, from and including the most recent Interest Payment
Date to which interest has been paid or duly provided for, semi-annually in arrears on the Interest Payment Dates set forth above and on the Maturity Date stated above, commencing
                , 20     at the rate of     % per annum until the principal hereof is paid or made available for payment. The
interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this     % Senior Note due
                , 20     (this “Senior Note,” and together with all other     % Senior Notes due
                , 20     (the “    % Senior Notes”) (or one or more Predecessor Securities) is registered at the close
of business on the Regular Record Date for such interest, which shall be the     th day preceding such Interest Payment Date; provided, however, that interest payable at the Maturity Date or on a Redemption Date
will be paid to the Person to whom principal is payable. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name
this Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the
    % Senior Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of the Indenture and any securities exchange, if any, on which
the     % Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in said Indenture. 

Payments of interest on this Senior Note will include interest accrued to but excluding the respective Interest Payment Dates. Interest
payments for this Senior Note shall be computed and paid on the basis of a 360-day year of twelve 30-day months and will accrue from                 ,
20     or from the most recent Interest Payment Date to which interest has been paid or duly provided for. In the event that any date on which interest is payable on this Senior Note (other than the Maturity Date) is not a
Business Day then payment of the interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay) with the same force and effect as if made on the date
the 

  
 2 

 
payment was originally payable. If the Maturity Date falls on a day that is not a Business Day, the payment of principal, premium, if any, and interest may be made on the next succeeding Business
Day, and no interest on such payment shall accrue for the period from and after maturity. 
 Payment of principal of, premium, if any, and
interest on the     % Senior Notes shall be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of principal of, premium, if
any, and interest on the     % Senior Notes represented by a Global Security shall be made by wire transfer of immediately available funds to the Holder of such Global Security, provided that, in the case of payments of principal
and premium, if any, such Global Security is first surrendered to the Paying Agent. If any of the     % Senior Notes are no longer represented by a Global Security, (i) payments of principal, premium, if any, and interest due on
the Maturity Date or earlier redemption of such Senior Notes shall be made at the office of the Paying Agent upon surrender of such Senior Notes to the Paying Agent, and (ii) payments of interest shall be made, at the option of the Company, subject
to such surrender where applicable, (A) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (B) by wire transfer to registered Holders of at least $10,000,000 in principal amount of
the     % Senior Notes at such place and to such account at a banking institution in the United States as such Holders may designate in writing to the Trustee at least sixteen (16) days prior to the date for payment. 

REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS     % SENIOR NOTE SET FORTH ON THE REVERSE HEREOF, WHICH
FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE. 
 Unless the certificate of authentication
hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this     % Senior Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 3 

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

Dated:                    , 20 

 

			
	PG&E CORPORATION
		
	By:	 	  

		 	    Name:
		 	    Title:
		
	By:	 	  

		 	    Name:
		 	    Title:

  
 4 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This Senior Note is one of the Senior Notes of the series designated as the     % Senior Notes due
                    , 20     referred to in the within-mentioned Indenture. 

Dated:                     ,
20     
  

			
	U.S. BANK NATIONAL ASSOCIATION, As Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 5 

 Reverse of Senior Note 

This     % Senior Note due
                    , 20     is one of a duly authorized issue of Senior Notes of the Company, issued and issuable in one or
more series under a Senior Note Indenture, dated as of February 10, 2014 (the “Base Indenture”), as supplemented by a First Supplemental Indenture, dated as of February 27, 2014 (the “First Supplemental Indenture”) and the
             Supplemental Indenture, dated as of                     ,
20     (the “             Supplemental Indenture”, and with all additional indentures supplemental thereto, and any constituent instruments establishing the
terms of particular Senior Notes, being herein called the “Indenture”), between the Company and U.S. Bank National Association, as Trustee (herein called the “Trustee,” which term includes any successor trustee under the
Indenture), and reference is hereby made to the Indenture for a description of the respective rights, limitations of rights, duties and immunities of the Company, the Trustee and the Holders of Senior Notes thereunder and of the terms and conditions
upon which Senior Notes are, and are to be, authenticated and delivered. [This     % Senior Note is one of the Senior Notes of the series designated as the      % Senior Notes due
                    , 20     established by the Company under the Indenture and initially issued in an aggregate principal amount
of $         on                     , 20    . As a result of the further issuance of
$         aggregate principal amount of Senior Notes of such series on                     ,
20    , the issued amount of Securities of such series now totals $        .] The acceptance of this Senior Note shall be deemed to constitute the consent and agreement by the Holder hereof
to all of the terms and provisions of the Indenture. 
 Subject to the terms and conditions of the Indenture, the     %
Senior Notes are redeemable at the option of the Company (“Optional Redemption”), in whole or in part, (a) at any time prior
to                    , 20     (the date that is              months
prior to the Maturity Date) at a Redemption Price equal to the greater of: 
 (i) 100% of the principal amount of the
    % Senior Notes to be redeemed; or 
 (ii) as determined by the Quotation Agent, the sum of the
present values of the Remaining Scheduled Payments of principal and interest on the     % Senior Notes to be redeemed (not including any portion of payments of interest accrued as of the Redemption Date), calculated as if the
Maturity Date of such     % Senior Notes was                     , 20     (the date that is
             months prior to the Maturity Date), discounted to the Redemption Date on a semi-annual basis at the Adjusted Treasury Rate, plus      basis points, 

plus, in either of the above cases, accrued and unpaid interest thereon to but not including the Redemption Date; and (b) at any time on or after
                    , 20     (the date that is      months prior to the Maturity Date) at 100% of the
principal amount of the     % Senior Notes to be redeemed, plus accrued and unpaid interest thereon to but not including the Redemption Date. 

Interest installments whose Stated Maturity is on or prior to such Redemption Date will be payable to Holders of such
    % Senior Notes, or one or more Predecessor Securities, of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture. 

  
 6 

 In the case of an Optional Redemption, notice of redemption will be in writing and mailed
first-class postage-prepaid not less than 10 days nor more than 60 days prior to the Redemption Date to each Holder of the     % Senior Notes to be redeemed at the Holder’s registered address; provided, however, that such
notice need not state the dollar amount of the Redemption Price if such dollar amount has not been determined as of the date such notice is being given to the Holders of the     % Senior Notes being redeemed. If money
sufficient to pay the Redemption Price of all the     % Senior Notes (or portions thereof) to be redeemed on the Redemption Date is deposited with the Paying Agent or the Trustee on or prior to the Redemption Date, from and after
such Redemption Date such     % Senior Notes or portions thereof shall cease to bear interest. The     % Senior Notes in denominations larger than $         in principal
amount may be redeemed in part but only in integral multiples of $1,000. 
 In the event of redemption of this Senior Note in part only, a
new     % Senior Note or     % Senior Notes of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the surrender hereof. 

As provided in the Indenture and subject to certain limitations therein set forth, this Senior Note or any portion of the principal amount
hereof will be deemed to have been paid for all purposes of the Indenture and to be no longer Outstanding thereunder, and the Company’s entire indebtedness in respect thereof will be satisfied and discharged, if there has been irrevocably
deposited with the Trustee or any Paying Agent (other than the Company), in trust, money in an amount which will be sufficient and/or Eligible Obligations, the principal of and interest on which when due, without regard to any reinvestment thereof,
will provide moneys which, together with money, if any, deposited with or held by the Trustee or such Paying Agent, will be sufficient to pay when due the principal of and premium, if any, and interest on this Senior Note when due. 

If an Event of Default shall occur and be continuing, the Trustee or the Holders of not less than 33% in aggregate principal amount of the
Outstanding     % Senior Notes, considered as one class, may declare the principal amount of all     % Senior Notes then Outstanding to be due and payable immediately by notice in writing to the Company (and
to the Trustee if given by Holders); provided, however, that upon the occurrence of an Event of Default specified Section 501(5) or Section 501(6) of the Base Indenture, the principal amount of all     % Senior Notes then
Outstanding shall be due and payable immediately without declaration or other action by the Trustee or Holders of the     % Senior Notes. 

The Indenture permits, with certain exceptions as therein provided, the Company and the Trustee to enter into one or more supplemental
indentures for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, the Indenture with the consent of the Holders of not less than a majority in aggregate principal amount of Outstanding Senior
Notes of each series affected by such supplemental indenture. The Indenture also contains provisions permitting the Holders of a majority in aggregate principal amount of     % Senior Notes, on behalf of the Holders of all
    % Senior Notes, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by the 

  
 7 

 
Holder of this Senior Note shall be conclusive and binding upon such Holder and upon all future Holders of this Senior Note and of any Senior Note issued upon the registration of transfer hereof
or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Senior Note. 
 As provided in
and subject to the provisions of the Indenture, the Holder of this Senior Note shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder,
unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the     % Senior Notes, the Holders of at least 33% in aggregate principal amount of the
    % Senior Notes at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee and offered the Trustee reasonable indemnity, and
the Trustee shall not have received from the Holders of at least a majority in aggregate principal amount of the     % Senior Notes at the time Outstanding a direction inconsistent with such written request, and shall have failed
to institute any such proceeding for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Senior Note for the enforcement of any payment of principal hereof
or any premium or interest hereon on or after the respective due dates expressed herein. 
 No reference herein to the Indenture and no
provision of this Senior Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Senior Note at the times, place and rate, and in
the coin or currency, herein prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer
of this Senior Note is registrable in the Security Register, upon surrender of this Senior Note for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Senior Note
are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company, the Trustee or the Security Registrar, as the case may be, duly executed by the Holder hereof or such Holder’s attorney duly
authorized in writing, and thereupon one or more new     % Senior Notes of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The     % Senior Notes are issuable only in registered form without coupons in denominations of
$         and integral multiples of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, the     % Senior Notes are exchangeable for
a like aggregate principal amount of     % Senior Notes and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 

No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith. 
 The Company shall not be required to execute or to provide
for the registration of the transfer of or the exchange of (A) any     % Senior Note during a period of 15 days 

  
 8 

 
immediately preceding the date notice is to be given identifying the serial numbers of the     % Senior Notes called for redemption, or (B) any     %
Senior Note selected for redemption in whole or in part, except the unredeemed portion of any     % Senior Note being redeemed in part. 

Prior to due presentment of this Senior Note for registration of transfer, the Company, the Trustee and any agent of the Company or the
Trustee may treat the Person in whose name this Senior Note is registered as the owner hereof for all purposes, whether or not this Senior Note is overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary. 
 This Senior Note shall be governed by, and construed and enforced in accordance with, the laws of the State of New York without
regard to the principles of conflicts of laws thereunder, except to the extent that the Trust Indenture Act shall be applicable. 
 As
provided in the Indenture, no recourse shall be had for the payment of the principal of, premium, if any, or interest with respect to this Senior Note, or any part thereof, or for any claim based hereon or otherwise in respect hereof, or of the
indebtedness represented hereby, or upon any obligation, covenant or agreement under the Indenture, against any incorporator, shareholder, officer or director, as such, past, present or future, of the Company or of any predecessor or successor
corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any constitutional provision, statute or rule of law or by the enforcement of any assessment or penalty or otherwise; it being
expressly agreed and understood that the Indenture and all the     % Senior Notes are solely corporate obligations and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the
consideration for, the execution of the Indenture and the issuance of this Senior Note. 
 All terms used in this Senior Note which are not
defined herein shall have the meanings assigned to them in the Indenture. 

  
 9 

 ASSIGNMENT FORM 
  

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

	(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 Senior 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 Senior Note)

					
			
		 	Tax Identification No.:	 	  

					
			
		 	SIGNATURE GUARANTEE:	 	
			
		 	  
	 	
		
		 	Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Security Registrar, which requirements include membership or participation in the Securities Transfer Agent
Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Security Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of
1934, as amended.

  
 10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00265-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00265-of-00352.parquet"}]]