Document:

EX-10.1

 Exhibit 10.1 

Published CUSIP Numbers 

Deal:    86164DAC6 

Revolving Commitment:    86164DAD4 

$200,000,000 
 FIFTH AMENDED AND
RESTATED CREDIT AGREEMENT 
 among 

STONE ENERGY CORPORATION 
 as
Borrower, 
 THE FINANCIAL INSTITUTIONS 

NAMED IN THIS CREDIT AGREEMENT 
 as
Banks, 
 BANK OF AMERICA, N.A. 

as Administrative Agent and Issuing Bank, 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

NATIXIS, 
 THE BANK OF NOVA SCOTIA,

 CAPITAL ONE, NATIONAL ASSOCIATION, and 

TORONTO DOMINION (NEW YORK) LLC 
 as
Co-Syndication Agents, 
 REGIONS BANK and 

U.S. BANK NATIONAL ASSOCIATION, 
 as
Co-Documentation Agents, and 
 BANK OF AMERICA, N.A. 

as sole Lead Arranger and Bookrunner 

February 28, 2017 

							
	 ARTICLE I DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	 
			
	 Section 1.1.
	 	 Certain Defined Terms
	  	 	1	 
			
	 Section 1.2.
	 	 Computation of Time Periods
	  	 	31	 
			
	 Section 1.3.
	 	 Accounting Terms; Changes in GAAP
	  	 	31	 
			
	 Section 1.4.
	 	 Types of Advances
	  	 	32	 
			
	 Section 1.5.
	 	 Other Interpretive Provisions
	  	 	32	 
			
	 Section 1.6.
	 	 Rounding
	  	 	32	 
			
	 Section 1.7.
	 	 Letter of Credit Amounts
	  	 	32	 
		
	 ARTICLE II CREDIT FACILITIES
	  	 	33	 
			
	 Section 2.1.
	 	 Commitment for Advances
	  	 	33	 
			
	 Section 2.2.
	 	 Borrowing Base
	  	 	33	 
			
	 Section 2.3.
	 	 Method of Borrowing
	  	 	35	 
			
	 Section 2.4.
	 	 Prepayment of Advances
	  	 	38	 
			
	 Section 2.5.
	 	 Repayment of Advances
	  	 	40	 
			
	 Section 2.6.
	 	 Letters of Credit
	  	 	41	 
			
	 Section 2.7.
	 	 Fees
	  	 	44	 
			
	 Section 2.8.
	 	 Interest
	  	 	45	 
			
	 Section 2.9.
	 	 Payments and Computations
	  	 	47	 
			
	 Section 2.10.
	 	 Sharing of Payments, Etc
	  	 	48	 
			
	 Section 2.11.
	 	 Compensation for Losses
	  	 	48	 
			
	 Section 2.12.
	 	 Increased Costs
	  	 	49	 
			
	 Section 2.13.
	 	 Taxes
	  	 	50	 
			
	 Section 2.14.
	 	 Inability to Determine Rates
	  	 	55	 
			
	 Section 2.15.
	 	 Cash Collateral
	  	 	56	 
			
	 Section 2.16.
	 	 Defaulting Banks
	  	 	57	 
			
	 Section 2.17.
	 	 Mitigation Obligations; Replacement of Banks
	  	 	60	 
		
	 ARTICLE III CONDITIONS OF LENDING
	  	 	61	 
			
	 Section 3.1.
	 	 Initial Conditions Precedent to Borrowings
	  	 	61	 
			
	 Section 3.2.
	 	 Conditions Precedent to All Borrowings
	  	 	63	 
		
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES
	  	 	64	 
			
	 Section 4.1.
	 	 Corporate Existence; Subsidiaries
	  	 	64	 
			
	 Section 4.2.
	 	 Corporate Power; Authorization; No Violation
	  	 	64	 
			
	 Section 4.3.
	 	 Authorization and Approvals
	  	 	65	 

  
 -i- 

							
	 Section 4.4.
	 	 Enforceable Obligations
	  	 	65	 
			
	 Section 4.5.
	 	 Financial Statements; Solvency
	  	 	65	 
			
	 Section 4.6.
	 	 True and Complete Disclosure
	  	 	66	 
			
	 Section 4.7.
	 	 Litigation
	  	 	66	 
			
	 Section 4.8.
	 	 Use of Proceeds
	  	 	66	 
			
	 Section 4.9.
	 	 Investment Company Act
	  	 	66	 
			
	 Section 4.10.
	 	 Taxes
	  	 	66	 
			
	 Section 4.11.
	 	 ERISA Compliance
	  	 	67	 
			
	 Section 4.12.
	 	 Condition of Property; Casualties
	  	 	68	 
			
	 Section 4.13.
	 	 No Burdensome Restrictions; No Defaults
	  	 	68	 
			
	 Section 4.14.
	 	 Environmental Condition
	  	 	68	 
			
	 Section 4.15.
	 	 Permits, Licenses, Etc.; Compliance with Legal Requirements
	  	 	69	 
			
	 Section 4.16.
	 	 Gas Contracts
	  	 	69	 
			
	 Section 4.17.
	 	 Title to Properties, Liens, Leases, Etc.
	  	 	69	 
			
	 Section 4.18.
	 	 Mineral Interests
	  	 	70	 
			
	 Section 4.19.
	 	 Sanctions
	  	 	71	 
			
	 Section 4.20.
	 	 Anti-Corruption Laws
	  	 	71	 
			
	 Section 4.21.
	 	 No EEA Financial Institution
	  	 	71	 
		
	 ARTICLE V AFFIRMATIVE COVENANTS
	  	 	71	 
			
	 Section 5.1.
	 	 Compliance with Laws, Etc
	  	 	71	 
			
	 Section 5.2.
	 	 Maintenance of Insurance
	  	 	71	 
			
	 Section 5.3.
	 	 Preservation of Corporate Existence, Etc
	  	 	73	 
			
	 Section 5.4.
	 	 Payment of Taxes
	  	 	73	 
			
	 Section 5.5.
	 	 Visitation Rights
	  	 	73	 
			
	 Section 5.6.
	 	 Reporting Requirements
	  	 	73	 
			
	 Section 5.7.
	 	 Designation of Public Information
	  	 	78	 
			
	 Section 5.8.
	 	 Maintenance of Property
	  	 	78	 
			
	 Section 5.9.
	 	 New Subsidiaries
	  	 	78	 
			
	 Section 5.10.
	 	 Maintenance of Books and Records
	  	 	79	 
			
	 Section 5.11.
	 	 Use of Proceeds
	  	 	79	 
			
	 Section 5.12.
	 	 Agreement to Mortgage; Further Assurances
	  	 	79	 
			
	 Section 5.13.
	 	 Title Information and Cure
	  	 	80	 
			
	 Section 5.14.
	 	 [Reserved.]
	  	 	81	 

  
 -ii- 

							
	 Section 5.15.
	 	 Anti-Corruption Laws
	  	 	81	 
			
	 Section 5.16.
	 	 ARO Account
	  	 	81	 
			
	 Section 5.17.
	 	 Swap Agreements
	  	 	81	 
			
	 Section 5.18.
	 	 Post-Closing Obligations
	  	 	81	 
		
	 ARTICLE VI NEGATIVE COVENANTS
	  	 	82	 
			
	 Section 6.1.
	 	 Liens
	  	 	82	 
			
	 Section 6.2.
	 	 Debt
	  	 	84	 
			
	 Section 6.3.
	 	 Agreements Restricting Liens and Distributions
	  	 	85	 
			
	 Section 6.4.
	 	 Merger or Consolidation; Dispositions
	  	 	85	 
			
	 Section 6.5.
	 	 Dividends, Distributions, Redemptions and Amendments
	  	 	87	 
			
	 Section 6.6.
	 	 Investments
	  	 	88	 
			
	 Section 6.7.
	 	 Prohibition on Speculative Hedging
	  	 	88	 
			
	 Section 6.8.
	 	 Affiliate Transactions
	  	 	89	 
			
	 Section 6.9.
	 	 Compliance with ERISA
	  	 	89	 
			
	 Section 6.10.
	 	 Maintenance of Ownership of Subsidiaries
	  	 	89	 
			
	 Section 6.11.
	 	
Sale-and-Leaseback
	  	 	89	 
			
	 Section 6.12.
	 	 Change of Business
	  	 	89	 
			
	 Section 6.13.
	 	 Financial Performance Tests
	  	 	90	 
			
	 Section 6.14.
	 	 Subordinated Debt
	  	 	91	 
			
	 Section 6.15.
	 	 Sanctions
	  	 	91	 
			
	 Section 6.16.
	 	 Anti-Corruption Laws
	  	 	91	 
			
	 Section 6.17.
	 	 Acceptable Cash Arrangements
	  	 	91	 
			
	 Section 6.18.
	 	 Swap Contracts
	  	 	91	 
		
	 ARTICLE VII REMEDIES
	  	 	92	 
			
	 Section 7.1.
	 	 Events of Default
	  	 	92	 
			
	 Section 7.2.
	 	 Optional Acceleration of Maturity
	  	 	94	 
			
	 Section 7.3.
	 	 Automatic Acceleration of Maturity
	  	 	95	 
			
	 Section 7.4.
	 	 Right of Setoff
	  	 	95	 
			
	 Section 7.5.
	 	 Actions Under Credit Documents
	  	 	96	 
			
	 Section 7.6.
	 	 Non-exclusivity of Remedies
	  	 	96	 
			
	 Section 7.7.
	 	 Application of Funds
	  	 	96	 

  
 -iii- 

							
	 ARTICLE VIII THE AGENT AND THE ISSUING BANK
	  	 	97	 
			
	 Section 8.1.
	 	 Appointment and Authorization of Agent
	  	 	97	 
			
	 Section 8.2.
	 	 Rights as a Bank
	  	 	98	 
			
	 Section 8.3.
	 	 Exculpatory Provisions
	  	 	99	 
			
	 Section 8.4.
	 	 Reliance by Agent
	  	 	100	 
			
	 Section 8.5.
	 	 Delegation of Duties
	  	 	100	 
			
	 Section 8.6.
	 	 Resignation of Agent
	  	 	100	 
			
	 Section 8.7.
	 	 Non-Reliance on Agent and Other Banks
	  	 	102	 
			
	 Section 8.8.
	 	 No Other Duties, Etc
	  	 	102	 
			
	 Section 8.9.
	 	 Agent May File Proofs of Claim; Credit Bidding
	  	 	102	 
			
	 Section 8.10.
	 	 Collateral and Guaranty Matters
	  	 	103	 
			
	 Section 8.11.
	 	 Specified Cash Management Agreements and Specified Swap Contracts
	  	 	104	 
			
	 Section 8.12.
	 	 Indemnification of Agent
	  	 	104	 
		
	 ARTICLE IX MISCELLANEOUS
	  	 	105	 
			
	 Section 9.1.
	 	 Amendments, Etc
	  	 	105	 
			
	 Section 9.2.
	 	 Notices, Etc.
	  	 	106	 
			
	 Section 9.3.
	 	 No Waiver; Cumulative Remedies; Enforcement
	  	 	108	 
			
	 Section 9.4.
	 	 Costs and Expenses
	  	 	109	 
			
	 Section 9.5.
	 	 Binding Effect
	  	 	109	 
			
	 Section 9.6.
	 	 Bank Assignments and Participations
	  	 	109	 
			
	 Section 9.7.
	 	 Indemnification
	  	 	114	 
			
	 Section 9.8.
	 	 USA Patriot Act Notice
	  	 	115	 
			
	 Section 9.9.
	 	 No Advisory or Fiduciary Responsibility
	  	 	115	 
			
	 Section 9.10.
	 	 Execution in Counterparts
	  	 	116	 
			
	 Section 9.11.
	 	 Survival of Representations, Etc
	  	 	116	 
			
	 Section 9.12.
	 	 Severability
	  	 	116	 
			
	 Section 9.13.
	 	 Replacement of Banks
	  	 	116	 
			
	 Section 9.14.
	 	 Keepwell
	  	 	117	 
			
	 Section 9.15.
	 	 Amendment and Restatement
	  	 	118	 
			
	 Section 9.16.
	 	 Governing Law
	  	 	118	 
			
	 Section 9.17.
	 	 Submission to Jurisdiction; Waiver of Punitive Damages; Jury Trial; Etc.
	  	 	118	 
			
	 Section 9.18.
	 	 Treatment of Certain Information; Confidentiality
	  	 	119	 
			
	 Section 9.19.
	 	 Integration
	  	 	120	 
			
	 Section 9.20.
	 	 Acknowledgement and Consent to Bail-In of EEA Financial
Institutions
	  	 	121	 

  
 -iv- 

					
	 Annex 1
	 	-	    	 Commitments; Borrower and Agent Notice Information

			
	 SCHEDULES:
	 		    	
			
	 Schedule 2.6(h)
	 	-	    	 Existing Letters of Credit

	 Schedule 4.1
	 	-	    	 Material Subsidiaries

	 Schedule 4.7
	 	-	    	 Existing Litigation

	 Schedule 4.14(a)
	 	-	    	 Existing Environmental Concerns

	 Schedule 4.14(b)
	 	-	    	 Designated Environmental Sites

	 Schedule 4.17(b)(i)
	 	-	    	 Mortgage Filing Offices

	 Schedule 4.17(b)(ii)
	 	-	    	 Filing Offices

	 Schedule 6.1
	 	-	    	 Permitted Existing Liens

	 Schedule 6.2
	 	-	    	 Permitted Existing Debt

	 Schedule 6.6
	 	-	    	 Investments

	 Schedule 6.8
	 	-	    	 Affiliate Transactions

			
	 EXHIBITS:
	 		    	
			
	 Exhibit A
	 	-	    	 Form of Assignment and Acceptance

	 Exhibit B
	 	-	    	 Form of Compliance Certificate

	 Exhibit C
	 	-	    	 Form of Guaranty

	 Exhibit D
	 	-	    	 Form of Note

	 Exhibit E
	 	-	    	 Form of Notice of Borrowing

	 Exhibit F
	 	-	    	 Form of Notice of Conversion or Continuation

	 Exhibit G
	 	-	    	 Form of Letter of Credit Application

	 Exhibit H
	 	-	    	 Form of Security Agreement

	 Exhibit I
	 	-	    	 Form of Mortgage Compliance Certificate

	 Exhibit J
	 	-	    	 Form of Administrative Questionnaire

	 Exhibit K
	 	-	    	 Form of Tax Certificates

	 Exhibit L
	 		    	 Form of Intercreditor Agreement

  
 -v- 

 FIFTH AMENDED AND RESTATED CREDIT AGREEMENT 

This Fifth Amended and Restated Credit Agreement dated as of February 28, 2017, is among Stone Energy Corporation, a Delaware
corporation, the Banks (as defined below), and Bank of America, N.A., as administrative agent for the Banks and as Issuing Bank. 
 In
consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows: 
 ARTICLE I

 DEFINITIONS AND ACCOUNTING TERMS 

Section 1.1.    Certain Defined Terms. As used in this Agreement, the following terms shall have the following
meanings (unless otherwise indicated, such meanings to be equally applicable to both the singular and plural forms of the terms defined): 

“Acceptable Cash Arrangement” means, with respect to any Liquid Assets, that such Liquid Assets are subject to an Acceptable
Security Interest pursuant to a Control Agreement. 
 “Acceptable Security Interest” in any Property means a Lien which
(a) exists in favor of the Agent for the benefit of the Agent and the Secured Parties, (b) with respect to Property that is not Borrowing Base Assets, is the only Lien on such Property other than Permitted Liens, and which is superior to
all Liens or rights of any other Person in such Property encumbered thereby except for such Permitted Liens, (c) with respect to Borrowing Base Assets, is the only Lien on such Property other than Permitted Liens, and which is superior to all
Liens or rights of any other Person in such Property encumbered thereby except for such Permitted Liens, (d) secures the Obligations, and (e) is perfected and enforceable. 

“Acquired Debt” means Debt of a Person that becomes a Restricted Subsidiary (or is a Restricted Subsidiary that survives a
merger with such Person and was an Immaterial Subsidiary prior to such merger) or Debt attaching to the assets that are acquired by the Borrower or any Restricted Subsidiary after the Effective Date as the result of a Permitted Acquisition; provided
that: 
 (i)    such Debt existed at the time such Person became a Restricted Subsidiary or at the time such assets were
acquired and was not created in anticipation thereof; 
 (ii)    such Debt is not guaranteed in any respect by the
Borrower or any Restricted Subsidiary (other than any such Person that so becomes a Restricted Subsidiary or is the survivor of such merger with such Person or any of its Subsidiaries); and 

(iii)    immediately after giving effect to the assumption of any such Debt, such acquisition and any related
transactions, the Borrower shall be in Pro Forma Compliance. 
 “Administrative Questionnaire” means an Administrative
Questionnaire in substantially the form of Exhibit J or any other form approved by the Agent. 

 “Advance” means any advance by a Bank to the Borrower as part of a Borrowing and
refers to a Base Rate Advance or a Eurodollar Rate Advance. 
 “Affiliate” means, as to any Person, any other Person that,
directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such Person or any Subsidiary of such Person. The term “control” (including the terms “controlled by” or
“under common control with”) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of Voting Securities, by contract, or otherwise.

 “Agent” means Bank of America, in its capacity as an administrative agent and collateral agent pursuant to Article VIII,
and any successor Agent pursuant to Section 8.6. 
 “Agent’s Office” means the Agent’s
address and, as appropriate, account as set forth on Annex I, or such other address or account as the Agent may from time to time notify the Borrower and the Banks. 

“Agent-Related Persons” means the Agent, together with its Affiliates, and the partners, directors, officers, employees,
agents, trustees and advisors of such Persons and Affiliates. 
 “Aggregate Oil and Gas Property Value” means, as of any
date of its determination, the aggregate Oil and Gas Property Value of all proved Oil and Gas Properties of the Borrower and the Guarantors as set forth in the applicable Oil and Gas Reserve Report, discounted at the stated per annum rate
utilized in such report. 
 “Agreement” means this Fifth Amended and Restated Credit Agreement, as the same may be amended,
supplemented, and otherwise modified from time to time. 
 “Allocated Value” has the meaning set forth in Section
2.2(e). 
 “Anti-Corruption Laws” means the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act
2010, in each case as amended from time to time, or other similar legislation in other jurisdictions. 
 “Applicable
Margin” means, for any day, the following percentages based upon the ratio of (a) the aggregate outstanding amount of Advances plus the Letter of Credit Exposure to (b) the Borrowing Base as of such day: 

 

													
	 Ratio of (Advances +

Letter of
 Credit Exposure) to

(Borrowing

Base)
	  	Applicable
Margin for
Base Rate
Advances	 	 	Applicable
Margin for
Eurodollar Rate
Advances	 	 	Applicable Margin for
Commitment Fees	 
	 Less than .25
	  	 	2.000	% 	 	 	3.000	% 	 	 	0.375	% 
	 Greater than or equal to .25 but less than .50
	  	 	2.250	% 	 	 	3.250	% 	 	 	0.375	% 
	 Greater than or equal to .50 but less than .75
	  	 	2.500	% 	 	 	3.500	% 	 	 	0.500	% 
	 Greater than or equal to .75 but less than .90
	  	 	2.750	% 	 	 	3.750	% 	 	 	0.500	% 
	 Greater than or equal to .90
	  	 	3.000	% 	 	 	4.000	% 	 	 	0.500	% 

  
 2 

 “Approved Fund” means any Fund that is administered or managed by (a) a
Bank, (b) an Affiliate of a Bank or (c) an entity or an Affiliate of an entity that administers or manages a Bank. 

“Approved Counterparty” means any Person who at the time of entering into a Swap Contract is (a) a Hedge Bank or
(b) subject in each case to approval by the Majority Banks, any other Person whose long term unsecured debt rating is A-/A3 by S&P or Moody’s Investor Service, Inc. (or their equivalent) or
higher. 
 “ARO Account” means a special account with the Agent or any Bank with funds on deposit in an initial amount of
$75,000,000 as of the Effective Date and subject to an Acceptable Security Interest. 
 “Arranger” means Bank of America,
in its capacity as sole lead arranger and sole bookrunner. 
 “Assignment and Acceptance” means an assignment and
acceptance entered into by a Bank and an Eligible Assignee (with the consent of any party whose consent is required by Section 9.6(b)), and accepted by the Agent, in substantially the form of Exhibit A or any other
form (including electronic documentation generated by use of an electronic platform) approved by the Agent. 
 “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU
Bail-In Legislation Schedule. 
 “Bank of America” means Bank of America, N.A. and
its successors. 
 “Bankruptcy Court” means the United States Bankruptcy Court for the Southern District of Texas, Houston
Division. 
 “Banks” means the lenders listed on the signature pages of this Agreement and each Eligible Assignee that
shall become a party to this Agreement pursuant to Section 9.6. 

  
 3 

 “Base Rate” means for any day a fluctuating rate per annum equal to the highest
of (a) the Federal Funds Rate plus 1/2 of 1% (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate”, and (c) the Eurodollar Rate plus 1.00%;
provided that for any Advance maintained as a Base Rate Advance due to the application of Section 2.14(b), the “Base Rate” shall be the greater of clauses (a) and (b) above. The “prime
rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be
priced at, above, or below such announced rate. Any change in such rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change. 

“Base Rate Advance” means an Advance which bears interest based on the Base Rate. 

“Borrower” means Stone Energy Corporation, a Delaware corporation. 

“Borrower Materials” has the meaning set forth in Section 5.7. 

“Borrowing” means, subject to Sections 2.3(c)(ii) and 2.4(b)(v), a borrowing consisting of simultaneous
Advances of the same Type made by each Bank pursuant to Section 2.3(a), continued by each Bank pursuant to Section 2.3(b), or Converted by each Bank to Advances of a different Type pursuant to Section 2.3(b). 

“Borrowing Base” means, for any date of its determination by the Required Banks or all of the Banks, as the case may be, the
loan value of the Borrower’s and the Guarantors’ Oil and Gas Properties determined in accordance with Section 2.2. 

“Borrowing Base Assets” means, at any time, any assets (including any Swap Contracts) that are given value in the most
recently determined Borrowing Base. 
 “Borrowing Base Deficiency” has the meaning given to such term in Section
2.4(b)(i). 
 “Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are
authorized to close under the Legal Requirements of, or are in fact closed in, the state where the Agent’s Office is located and, if such day relates to any Eurodollar Rate Advance, means any such day that is also a London Banking Day. 

“Capital Expenditures” means, with respect to any Person for any period, any expenditure in respect of the purchase or other
acquisition of any fixed or capital asset (including, for the avoidance of doubt, any portion of the purchase price of an acquisition or other Investment that represents such expenditures). 

“Capital Leases” means, as applied to any Person, any lease of any Property by such Person as lessee which would, in
accordance with GAAP (but subject to Section 1.3(b)), be required to be classified and accounted for as a liability on the balance sheet of such Person. 

“Capital Stock” means: 

(a)    in the case of a corporation, corporate stock or shares; 

  
 4 

 (b)    in the case of an association or business entity that
is not a corporation, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock; 

(c)    in the case of a partnership or limited liability company, partnership interests (whether general or
limited) or membership interests; and 
 (d)    any other interest or participation that confers on a
Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person, but excluding from all of the foregoing any debt securities convertible into Capital Stock, whether or not such debt securities
include any right of participation with Capital Stock. 
 “Cash Collateral” has the meaning set forth in the definition of
“Cash Collateralize”. 
 “Cash Collateral Account” means a special interest bearing cash collateral account
pledged to the Agent for the ratable benefit of the Banks containing cash deposited pursuant to Sections 2.4(b), 2.6, 2.15, 2.16, 7.2(b), or 7.3(b) to be maintained at the Agent’s Office and bear
interest or be invested in the Agent’s reasonable discretion. 
 “Cash Collateralize” means to pledge and deposit with
or deliver to the Agent, for the benefit of the Agent or Issuing Bank (as applicable) and the Banks, as collateral for Letter of Credit Exposure or obligations of Banks to fund participations in respect of either thereof (as the context may
require), cash or deposit account balances or, if the Issuing Bank shall agree in its sole discretion, other credit support, in each case pursuant to documentation in form and substance reasonably satisfactory to (a) the Agent and (b) the
Issuing Bank. “Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 

“Cash Management Bank” means a Bank or Affiliate of a Bank party to a Specified Cash Management Agreement. 

“CERCLA” means the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (42 U.S.C.
§§ 9601 et seq.), as amended, state and local analogues, and all rules and regulations and requirements thereunder in each case as now or hereafter in effect. 

“CFC” means a “controlled foreign corporation” within the meaning of Section 957 of the Code. 

“Change in Law” means the occurrence, after the Effective Date, of any of the following: (a) the adoption or taking
effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or
issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and
Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel
Committee on Banking Supervision (or any 

  
 5 

 
successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”,
regardless of the date enacted, adopted or issued. 
 “Code” means the Internal Revenue Code of 1986, as amended, and any
successor statute. 
 “Collateral” means all of the “Collateral” or other similar term referred to in the
Security Documents and all of the other property that is or is intended under the terms of the Security Documents to be subject to Liens in favor of the Agent for the benefit of the Secured Parties. Notwithstanding any provision in this Agreement or
any other Credit Document to the contrary, in no event is any enclosed structure (having two or more walls and a roof) or manufactured mobile home (both a “Building”) included in the definition of “Collateral” and no
Building is hereby encumbered by this Agreement or any other Credit Document. 
 “Commitment” means, for any Bank, the
amount set opposite such Bank’s name on Annex 1 as its Commitment, or if such Bank has entered into any Assignment and Acceptance, as set forth for such Bank as its Commitment in the Register maintained by the Agent pursuant to
Section 9.6(c), as such amount may be reduced or terminated pursuant to Article VII. 
 “Commodity
Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute. 

“Compliance Certificate” means a compliance certificate in the form of the attached Exhibit B signed by the Chief
Financial Officer or Chief Accounting Officer of the Borrower. 
 “Confirmation Order” means the order or orders of the
Bankruptcy Court confirming the Plan of Reorganization pursuant to section 1129 of title 11 of the United States Code, which order or orders shall be satisfactory to the Agent and the Majority Banks. 

“Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or
that are franchise Taxes or branch profits Taxes. 
 “Consents” means the Consent and Agreements made by the counterparties
to the applicable Mortgaged Contracts in favor of the Agent for the benefit of the Secured Parties, including any such Consent and Agreements delivered from time to time in accordance with Section 5.12, in each case, as the
same may be amended, supplemented, or otherwise modified from time to time. 
 “Consolidated Funded Debt” of any Person
means, at any time, without duplication, Debt of such Person other than contingent obligations in respect of the undrawn portion of Letters of Credit. 

“Consolidated Funded Leverage Ratio” means, with respect to any Test Period, the ratio of (a) Consolidated Funded Debt
of the Borrower and its Restricted Subsidiaries as of the last day of such Test Period to (b) EBITDA of the Borrower and its Restricted Subsidiaries for such Test Period. 

  
 6 

 “Consolidated Net Income” means, for any period of its determination, the net
income of the Borrower and its Restricted Subsidiaries for such period determined on a consolidated basis in accordance with GAAP; provided that the net income for such period of any non-wholly owned
Subsidiary shall be included only to the extent of the amount of dividends or distributions or other payments paid in cash (or to the extent converted into cash) by such non-wholly owned Subsidiary to the
Borrower or a wholly owned Restricted Subsidiary during such period. 
 “Consolidated Total Assets” means, as of any date
of determination, the amount that would, in conformity with GAAP, be set forth opposite the caption “total assets” (or any like caption) on a consolidated balance sheet of the Borrower and the Restricted Subsidiaries. 

“Contractual Requirement” means, as to any Person, any provision of any security issued by such Person or of any agreement,
instrument or other undertaking to which such Person is a party or by which it or any of its Property is bound. 
 “Control
Agreement” means an agreement, in form and substance reasonably satisfactory to the Agent, among the applicable Credit Party, a banking institution holding such Credit Party’s funds, and the Agent with respect to control of all
deposits and balances held in a deposit account maintained by such Credit Party with such banking institution. 
 “Controlled
Group” means all members of a controlled group of corporations and all trades (whether or not incorporated) under common control which, together with the Borrower, are treated as a single employer under Section 414 of the Code. 

“Convert,” “Conversion,” and “Converted” each refers to a conversion of Advances of one
Type into Advances of another Type pursuant to Section 2.3(b). 
 “Credit Documents” means this
Agreement, the Notes, the Letter of Credit Documents, the Guaranties, the Intercreditor Agreement, the Fee Letter, the Security Documents and each other agreement, instrument, or document executed by or at the request of a Credit Party at any time
in connection with this Agreement. For the avoidance of doubt, Specified Swap Contracts are not “Credit Documents”. 

“Credit Parties” means the Borrower and each Guarantor. 

“Debt” means, for any Person, without duplication: 

(a)    indebtedness of such Person for borrowed money, including without limitation, obligations under letters of credit
and agreements relating to the issuance of letters of credit or acceptance financing; 
 (b)    obligations of such
Person evidenced by bonds, debentures, notes or other similar instruments; 
 (c)    obligations of such Person to pay
the deferred purchase price of property (other than seismic purchases and trade payables); 

  
 7 

 (d)    trade payables and amounts payable for seismic purchases, in each case
more than 90 days past due unless contested in good faith by appropriate proceedings and for which adequate reserves under GAAP have been established; 

(e)    the capitalized portion of obligations of such Person as lessee under Capital Leases; 

(f)    obligations of such Person under direct or indirect guaranties in respect of, and obligations (contingent or
otherwise) of such Person to purchase or otherwise acquire, or otherwise to assure a creditor against loss in respect of, Debt of others of the kinds referred to in clauses (a) through (e) above; 

(g)    indebtedness or obligations of others of the kinds referred to in clauses (a) through (f) secured by any Lien
on or in respect of any Property of such Person; and 
 (h)    all liabilities of such Person in an aggregate amount
greater than $1,000,000 in respect of unfunded vested benefits under any Plan. 
 For the avoidance of doubt, “Debt” does not include
(i) obligations in respect of Swap Contracts; (ii) indemnities incurred in the ordinary course of business or in connection with the disposition of assets; (iii) any non-cash employee or
director compensation; (iv) any compensation paid to employees or directors pursuant to stock appreciation rights; (v) in-kind obligations relating to net oil, natural gas liquids or natural gas
balancing positions arising in the ordinary course of business; or (vi) asset retirement obligations, in each case unless evidenced by a note or similar instrument. 

“Debtor Relief Law” means the Bankruptcy Code of the United States of America, and all other liquidation, conservatorship,
bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Legal Requirements of the United States or other applicable jurisdictions from time to time in effect.

 “Default” means (a) an Event of Default or (b) any event or condition which with notice or lapse of time or
both would, unless cured or waived, become an Event of Default. 
 “Defaulting Bank” means, subject to Section
2.16(b), any Bank that (a) has failed to (i) fund all or any portion of its Advances or participations in respect of Letters of Credit within two Business Days of the date such Advances or participations were required to be funded
hereunder unless such Bank notifies the Agent and the Borrower in writing that such failure is the result of such Bank’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any
applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Agent, the Issuing Bank or any other Bank any other amount required to be paid by it hereunder (including in respect of its
participation in Letters of Credit) within two Business Days of the date when due, (b) has notified the Borrower, the Agent or any Issuing Bank in writing that it does not intend to comply with its funding obligations hereunder, or has made a
public statement to that effect (unless such writing or public statement relates to such Bank’s obligation to fund an Advance hereunder and states that such position is based on such Bank’s determination that a condition precedent to

  
 8 

 
funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within
three Business Days after written request by the Agent or the Borrower, to confirm in writing to the Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such Bank shall cease to be a
Defaulting Bank pursuant to this clause (c) upon receipt of such written confirmation by the Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any
Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the
Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity, or (iii) become the subject of a Bail-In Action; provided that a Bank shall not
be a Defaulting Bank solely by virtue of the ownership or acquisition of any equity interest in that Bank or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide
such Bank with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Bank (or such Governmental Authority) to reject, repudiate, disavow or
disaffirm any contracts or agreements made with such Bank. Any determination by the Agent that a Bank is a Defaulting Bank under any one or more of clauses (a) through (d) above, and of the effective date of such status, shall be
conclusive and binding absent manifest error, and such Bank shall be deemed to be a Defaulting Bank (subject to Section 2.16(b)) as of the date established therefor by the Agent in a written notice of such determination, which shall be
delivered by the Agent to the Borrower, the Issuing Bank and each Bank promptly following such determination. 
 “Designated
Jurisdiction” means any country or territory to the extent that such country or territory itself is the subject of any Sanction. 

“Dispose” or “Disposed of” shall have a correlative meaning to the defined term of “Disposition”.

 “Disposition” has the meaning set forth in Section 6.4(b). 

“Dollar Equivalent” means for all purposes of this Agreement, the equivalent in another currency of an amount in Dollars to
be determined by reference to the rate of exchange quoted by Bank of America at 10:00 a.m. (Dallas, Texas time) on the date of determination, for the spot purchase in the foreign exchange market of such amount of Dollars with such other
currency. 
 “Dollars” and “$” means lawful money of the United States of America. 

“Domestic Subsidiary” means any Subsidiary that is organized under the laws of the United States of America or any state
thereof or the District of Columbia. 
 “EBITDA” means, with respect to the Borrower and its Restricted Subsidiaries and
for any period of its determination, the Consolidated Net Income of the Borrower and its Restricted Subsidiaries for such period, plus, in each case to the extent deducted from Consolidated Net Income and without duplication: 

(i)    the consolidated interest expense of the Borrower and its Restricted Subsidiaries for such period; 

  
 9 

 (ii)    depreciation, depletion, and amortization of the Borrower and its
Restricted Subsidiaries for such period; 
 (iii)     income taxes of the Borrower and its Restricted Subsidiaries for
such period; 
 (iv)    transaction costs incurred by the Borrower and its Restricted Subsidiaries (including, for the
avoidance of doubt, transaction costs in connection with the negotiation, execution and delivery of the Credit Documents) during such period in connection with debt or equity issuances or acquisitions to the extent such debt, equity issuances or
acquisitions are permitted under this Agreement; 
 (v)    accretion of asset retirement obligations in accordance with
FASB ASC 410, Accounting for Asset Retirement and Environmental Obligations; 

(vi)    non-cash losses or charges on Swap Contracts resulting from the
requirements of FASB ASC 815; 
 (vii)    losses from the disposition of assets; 

(viii)    extraordinary or non-recurring losses or charges, including, only to the
extent incurred on or before the ninetieth (90th) day after the Effective Date, all losses and charges related to restructuring contemplated by the Plan of Reorganization; 

(ix)    other non-cash charges (excluding accruals made in the ordinary course of
business); 
 (x)    impairment of property, plant, equipment and other long-lived assets (including ceiling test
write-downs on Oil and Gas Properties under GAAP or SEC guidelines); 
 (xi)    exploration expense incurred by the
Borrower and its Restricted Subsidiaries during such period; and 
 (xii)    solely for any determination of EBITDA for
any period ending on or before December 31, 2017, and only to the extent incurred on or before the Effective Date, any nonrecurring contract settlement or termination fees related to the termination of rig and/or vessel contracts; 

minus, in each case to the extent included in Consolidated Net Income, and without duplication: 

(xiii)    non-cash income or gains (excluding accruals made in the ordinary course
of business); 
 (xiv)     non-cash gains on any Swap Contracts resulting from
the requirements of FASB ASC 815; 

  
 10 

 (xv)    extraordinary or
non-recurring gains; 
 (xvi)    gains from the disposition of assets; and 

(xvii)    any income tax benefits. 

For the purposes of calculating EBITDA, if any acquisition or disposition of assets permitted to be made under this Agreement (other than non-material acquisitions in the ordinary course of business or non-material dispositions in the ordinary course of business) occurs during such period of
determination, EBITDA for such period shall be calculated on a pro forma basis to give effect to such acquisition or disposition as if each such acquisition or disposition had been consummated on the first day of such period. 

“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country
which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution
established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EEA Resolution Authority” means any public administrative authority or any person entrusted with public administrative
authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” means the date on which each of the conditions precedent in Section 3.1 has been
met or waived. 
 “Eligible Assignee” means (i) any Fund, (ii) any Bank, and (iii) any commercial bank, in
each case organized under the laws of any country which is a member of the Organization for Economic Cooperation and Development and having primary capital (or its equivalent) of not less than $250,000,000 (or its Dollar Equivalent) (subject to such
consents, if any, as may be required under Section 9.6(b)). 
 “Environment” or “Environmental”
shall have the meanings set forth in 42 U.S.C. § 9601(8) (1988). 
 “Environmental Claim” means any third party
or Governmental Authority action, lawsuit, written claim, demand, regulatory action or proceeding, order, decree, consent agreement or notice of potential or actual responsibility or violation (including claims or proceedings under the Occupational
Safety and Health Act or similar laws or requirements, to the extent relating to occupational safety or exposure to Hazardous Substances) which seeks to impose liability under any Environmental Law. 

“Environmental Law” means all Legal Requirements, including common law, arising from, relating to, or in connection with the
Environment or natural resources, including without 

  
 11 

 
limitation CERCLA, or relating to (a) pollution, contamination, injury, destruction, loss, protection, cleanup, reclamation or restoration of the air, surface water, groundwater, land
surface or subsurface strata, or other natural resources; (b) solid, gaseous or liquid waste generation, treatment, processing, recycling, reclamation, cleanup, storage, disposal or transportation; (c) exposure to pollutants, contaminants,
Hazardous Substances, or Hazardous Wastes; (d) the safety or health of employees, to the extent relating to occupational safety or exposure to Hazardous Substances; or (e) the manufacture, processing, handling, transportation, distribution
in commerce, use, storage or disposal of Hazardous Substances or Hazardous Wastes. 
 “Environmental Permit” means any
permit, license, order, approval or other authorization under Environmental Law. 
 “Equity Interests” means Capital Stock
and all warrants, options or other rights to acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock). 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with the Borrower within the
meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 

“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) the withdrawal of the Borrower or
any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which such entity was a “substantial employer” as defined in Section 4001(a)(2) of ERISA or a cessation of operations that is treated
as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the filing
of a notice of intent to terminate a Pension Plan or the treatment of a Pension Plan amendment as a termination under Section 4041 or 4041A of ERISA; (e) the institution by the PBGC of proceedings to terminate a Pension Plan; (f) any
event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (g) the determination that any Pension Plan is considered an at-risk plan or a plan in endangered or critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304 and 305 of ERISA; (h) the imposition of any liability under
Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon the Borrower or any ERISA Affiliate; or (i) a failure by the Borrower or any ERISA Affiliate to meet all applicable requirements
under the Pension Funding Rules in respect of a Pension Plan, whether or not waived, or the failure by the Borrower or any ERISA Affiliate to make any required contribution to a Multiemployer Plan. 

“EU Bail-In Legislation Schedule” means the EU
Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

  
 12 

 “Eurocurrency Liabilities” has the meaning assigned to that term in
Regulation D of the Federal Reserve Board (or any successor), as in effect from time to time. 
 “Eurodollar Rate”
means: 
 (a)    for any Interest Period with respect to a Eurodollar Rate Advance, the rate per annum equal to the
London Interbank Offered Rate (“LIBOR”) or a comparable or successor rate, which rate is approved by the Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such
quotations as may be designated by the Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest
Period) with a term equivalent to such Interest Period; and 
 (b)    for any interest calculation with respect to a
Base Rate Advance on any date, the rate per annum equal to LIBOR, at or about 11:00 a.m., London time determined two Business Days prior to such date for U.S. Dollar deposits with a term of one month commencing that day; and 

(c)    if the Eurodollar Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement; 

provided that to the extent a comparable or successor rate is approved by the Agent in connection herewith, the approved rate shall be applied in a
manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the
Agent. 
 “Eurodollar Rate Advance” means an Advance which bears interest at a rate based on clause (a) of the
definition of Eurodollar Rate. 
 “Eurodollar Rate Reserve Percentage” of any Bank for the Interest Period for any
Eurodollar Rate Advance means the reserve percentage applicable during such Interest Period (or if more than one such percentage shall be so applicable, the daily average of such percentages for those days in such Interest Period during which any
such percentage shall be so applicable) under regulations issued from time to time by the Federal Reserve Board for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve
requirement) for such Bank with respect to liabilities or assets consisting of or including Eurocurrency Liabilities having a term equal to such Interest Period. 

“Event of Default” has the meaning specified in Section 7.1. 

“Excluded Equity Interests” means (a) any Equity Interests of any Foreign Subsidiary that is classified as a CFC or any
FSHCO other than 65% of the voting Equity Interests of a FSHCO or any Foreign Subsidiary that is classified as a CFC and in each case is owned directly by the Borrower or a Guarantor, (b) the Equity Interests of any Subsidiary of a Foreign
Subsidiary that is classified as a CFC or is owned directly or indirectly by a CFC, (c) any Equity Interests of HWCG Holdings, LLC held by the Borrower, and (d) any Equity Interests of SP 49 Pipeline, LLC held by Stone Offshore as of the
Effective Date, provided that any such Equity 

  
 13 

 
Interests of SP 49 Pipeline, LLC shall not constitute Excluded Equity Interests unless (i) the Borrower has satisfied the condition precedent in
Section 3.1(i), and (ii) notwithstanding such satisfaction, the Borrower shall fail to obtain the necessary consents for such Equity Interests to constitute Pledged Securities (as defined in the Security Agreement).

 “Excluded Subsidiary” means (a) each Immaterial Subsidiary, for so long as any such Subsidiary constitutes an
Immaterial Subsidiary pursuant to the terms hereof, (b) any Foreign Subsidiary that is classified as a CFC or any Subsidiary thereof, and (c) any Domestic Subsidiary that is a FSHCO. 

“Excluded Swap Obligations” means, with respect to any Guarantor, any Swap Obligation, if, and to the extent that, all or a
portion of the guarantee by such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation, or order
of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the
Commodity Exchange Act (determined after giving effect to Section 9.14 and any other “keepwell, support or other agreement” for the benefit of such Guarantor and any and all guarantees of such Guarantor’s
Swap Obligations by other Credit Parties) at the time the guarantee of such Guarantor, or a grant by such Guarantor of a security interest, becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement
governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such Guaranty or security interest is or becomes excluded in accordance with the first sentence of this
definition. 
 “Excluded Taxes” means any of the following Taxes imposed on or with respect to a Recipient or required to
be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized
under the laws of, or having its principal office or, in the case of any Bank, its applicable Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes,
(b) in the case of a Bank, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Bank with respect to an applicable interest in an Advance or Commitment pursuant to a law in effect on the date on which
(i) such Bank acquires such interest in the Advance or Commitment (other than pursuant to an assignment request by the Borrower under Section 9.13) or (ii) such Bank changes its Lending Office, except in each case
to the extent that, pursuant to Section 2.13(a), amounts with respect to such Taxes were payable either to such Bank’s assignor immediately before such Bank acquired such interest in such Advance or Commitment or to such Bank immediately
before it changed its Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 2.13(e) and (d) any U.S. federal withholding Taxes imposed under FATCA. 

“Existing Credit Agreement” means the Fourth Amended and Restated Credit Agreement dated as of June 24, 2014 among the
Borrower, the lenders party thereto, and Bank of America, as administrative agent, as amended through the Effective Date. 

  
 14 

 “Existing Letters of Credit” means the letters of credit outstanding on the
Effective Date, issued by the Issuing Bank for the account of the Borrower or its Restricted Subsidiaries, which are described on Schedule 2.6(h). 

“Expiration Date” means, with respect to any Letter of Credit, the date on which such Letter of Credit will expire or
terminate in accordance with its terms. 
 “Fair Market Value” means, with respect to any asset or group of assets on any
date of determination, the value of the consideration obtainable in a Disposition of such asset at such date of determination assuming a Disposition by a willing seller to a willing purchaser dealing at arm’s length and arranged in an orderly
manner over a reasonable period of time having regard to the nature and characteristics of such asset. 

“Fall 2017 Redetermination Date” means November 1, 2017. 

“Farm-In Agreement” means an agreement whereby a Person agrees to pay all or a share
of the drilling, completion or other expenses of one or more exploratory or development wells (which agreement may be subject to a maximum payment obligation, after which expenses are shared in accordance with the working or participation interests
therein or in accordance with the agreement of the parties) or perform the drilling, completion or other operation on such well or wells as all or a part of the consideration provided in exchange for an ownership interest in an Oil and Gas Property.

 “Farm-Out Agreement” means a Farm-In
Agreement viewed from the standpoint of the party that transfers an ownership interest to another. 
 “FASB ASC” means the
Accounting Standards Codification of the Financial Accounting Standards Board. 
 “FATCA” means Sections 1471 through
1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any
agreements entered into pursuant to Section 1471(b)(1) of the Code, any intergovernmental agreement entered into in connection with the implementation of such Sections of the Code and any fiscal or regulatory legislation, rules or practices adopted
pursuant to such intergovernmental agreement. 
 “Federal Funds Rate” means, for any day, the rate per annum equal to the
weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if
such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such
next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Agent.

  
 15 

 “Federal Reserve Board” means the Board of Governors of the Federal Reserve
System or any of its successors. 
 “Fee Letter” means that certain letter agreement dated as of the Effective Date among
the Borrower and Bank of America as Agent and Arranger. 
 “Financial Performance Covenants” means the covenants of the
Borrower set forth in Section 6.13. 
 “Financial Statements” means (a) the consolidated
financial statements of the Borrower and its Restricted Subsidiaries for the fiscal year ended 2016, including balance sheets, income and cash flow statements, audited by independent public accountants and prepared in conformity with GAAP and not
subject to any qualification or exception as to the scope of such audit, and (b) the unaudited consolidated financial statements of the Borrower and its Restricted Subsidiaries for the fiscal quarter ended December 31, 2016, including
balance sheets, income and cash flow statements. 
 “Forecasted PDP Reserve Production” means, for any period, the
forecasted production of crude oil or natural gas (measured by barrel of oil equivalent, not sales price) for such period from the Credit Parties’ PDP Reserves, as forecasted in the most recent Oil and Gas Reserve Report delivered pursuant to
this Agreement, after deducting forecasted production from any Oil and Gas Properties sold or under contract for sale that had been included in such report. 

“Foreign Bank” means any Bank that is not a U.S. Person. 

“Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary. 

“Fronting Exposure” means, at any time there is a Defaulting Bank, such Defaulting Bank’s Pro Rata Share of the
outstanding Letter of Credit Exposure other than Letter of Credit Exposure as to which such Defaulting Bank’s participation obligation has been reallocated to other Banks or Cash Collateralized in accordance with the terms hereof. 

“FSHCO” shall mean any Domestic Subsidiary substantially all of whose assets (held directly or through its Subsidiaries)
consist of Equity Interests of one or more Foreign Subsidiaries that are CFCs. 
 “Fund” means any Person (other than a
natural Person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities. 

“GAAP” means United States generally accepted accounting principles as in effect from time to time, applied on a basis
consistent with the requirements of Section 1.3. 
 “Governmental Authority” means the government
of the United States or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial,
taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

  
 16 

 “Guaranties” means the Third Amended and Restated Guaranty, dated as of the
Effective Date, by Stone Offshore and each other Guaranty in favor of the Agent for the ratable benefit of the Banks in the form of the attached Exhibit C executed on the date hereof or as required by Section 5.9, as
the same may be amended, supplemented, or otherwise modified from time to time. 
 “Guarantors” means each Restricted
Subsidiary of the Borrower which has executed a Guaranty on the date hereof or as required by Section 5.9. 

“Hazardous Substance” means the substances identified as such pursuant to CERCLA and those regulated as pollutants or
contaminants under any other Environmental Law, including without limitation petroleum or petroleum products, materials exhibiting radioactivity in excess of background concentrations, and medical and infectious waste. 

“Hazardous Waste” means the substances regulated as such pursuant to any Environmental Law. 

“Hedge Bank” means a Bank or Affiliate of a Bank (or former Bank or Affiliate of a Bank) party to a Specified Swap Contract.

 “Hydrocarbons” means oil, gas, coal seam gas, casinghead gas, drip gasolines, natural gasoline, condensate, distillate,
and all other liquid and gaseous hydrocarbons produced or to be produced in conjunction therewith, and all products, by-products and all other substances derived therefrom or the processing thereof, and all
other minerals and substances, including sulphur, lignite, coal, uranium, thorium, iron, geothermal steam, water, carbon dioxide, helium, and any and all other minerals, ores, or substances of value, and the products and proceeds therefrom,
including all gas resulting from the in-situ combustion of coal or lignite. 
 “Immaterial
Subsidiary” means any Subsidiary that is not a Material Subsidiary, provided that (a) all Immaterial Subsidiaries in the aggregate may not hold Total Assets (when combined with the assets of such Subsidiary’s Restricted
Subsidiaries, after eliminating intercompany obligations), at the last day of the most recent fiscal quarter of the Borrower for which financial statements were required to be delivered pursuant to Section 5.6, constituting
more than 5% of the Borrower’s Consolidated Total Assets on such date (the “Immaterial Subsidiary Requirement”) and (b) if the Immaterial Subsidiary Requirement would not be met at any time, certain Restricted Subsidiaries
that would otherwise be Immaterial Subsidiaries shall be deemed not to be Immaterial Subsidiaries for purposes of this Agreement to the extent necessary to meet the Immaterial Subsidiary Requirement. 

“Immaterial Title Deficiencies” means, with respect to Borrowing Base Assets, defects or clouds on title, discrepancies in
reported net revenue and working interest ownership percentage and other Liens, defects, discrepancies and similar matters which do not, individually or in the aggregate, affect Borrowing Base Assets with a present value of the future net income (as
set forth in the most recently delivered Oil and Gas Reserve Report) greater than 4.0% of the present value of the future net income with respect to all Borrowing Base Assets. 

  
 17 

 “Indemnified Liabilities” has the meaning set forth in
Section 9.7. 
 “Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on
or with respect to any payment made by or on account of any obligation of the Borrower under any Credit Document and (b) to the extent not otherwise described in (a), Other Taxes. 

“Indemnitees” has the meaning set forth in Section 9.7. 

“Information” has the meaning set forth in Section 9.18. 

“Insurance Certificate” shall mean a “Certificate of Insurance” issued by an insurance broker on the form ACORD-25 (in the case of property or physical damage policies) or ACORD-27 (in the case of liability policies) or its substantial equivalent, and, in the case of each
liability policy, shall include an ISO Form CG 2018 confirming that the Agent has been added as an additional insured for such liability policy, in each case in form reasonably satisfactory to Agent. 

“Intercreditor Agreement” means that certain Intercreditor Agreement dated as of the Effective Date in the form of the
attached Exhibit L, and any supplement or joinder thereto, executed on the date hereof or as required by Section 5.9, as the same may be amended, supplemented, or otherwise modified from time to
time 
 “Interest Period” means, as to each Eurodollar Rate Advance, the period commencing on the date such Eurodollar Rate
Advance is disbursed or converted to or continued as a Eurodollar Rate Advance and ending on the date one, two, three or six months thereafter (in each case, subject to availability), as selected by the Borrower in its Notice of Borrowing, or such
other period that is twelve months or less requested by the Borrower and consented to by all the Banks; provided that: 

(a)    the Borrower may not select any Interest Period for any Advance which ends after the Maturity Date; 

(b)    Interest Periods commencing on the same date for Advances comprising part of the same Borrowing shall be of the
same duration; 
 (c)    whenever the last day of any Interest Period would otherwise occur on a day other than a
Business Day, the last day of such Interest Period shall be extended to occur on the next succeeding Business Day, provided that if such extension would cause the last day of such Interest Period to occur in the next following calendar month,
the last day of such Interest Period shall occur on the next preceding Business Day; and 
 (d)    any Interest Period
which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month in which it
would have ended if there were a numerically corresponding day in such calendar month. 
 “Investment” has the meaning set forth
in Section 6.6. 

  
 18 

 “ISP” means the “International Standby Practices 1998” published by
the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance). 

“Issuing Bank” means Bank of America and any successor issuing bank pursuant to Section 8.6. 

“Legal Requirement” means any law, statute, ordinance, treaty, decree, requirement, order, judgment, rule, regulation (or
official interpretation of any of the foregoing) of, and the terms of any license or permit issued by, any Governmental Authority, including, but not limited to, Regulations U and X. 

“Lending Office” means, as to any Bank, the office or offices of such Bank described as such in such Bank’s
Administrative Questionnaire, or such other office or offices as a Bank may from time to time notify the Borrower and the Agent, which office may include any Affiliate of such Bank or any domestic or foreign branch of such Bank or such Affiliate.
Unless the context otherwise requires, each reference to a Bank shall include its applicable Lending Office. 
 “Letter of
Credit” means, individually, any standby letter of credit issued by the Issuing Bank which is subject to this Agreement, including the Existing Letters of Credit, and “Letters of Credit” means all such letters of credit
collectively. 
 “Letter of Credit Application” means the Issuing Bank’s standard form letter of credit application
for either a commercial or standby letter of credit, as the case may be, which has been executed by the Borrower and accepted by the Issuing Bank in connection with the issuance of a Letter of Credit, which form or forms as of the Effective Date are
in the form of the attached Exhibit G, as the same may be amended, supplemented, and otherwise modified from time to time. 

“Letter of Credit Documents” means all Letters of Credit, Letter of Credit Applications, and agreements, documents, and
instruments entered into by or at the request of a Credit Party in connection with or relating thereto. 
 “Letter of Credit
Exposure” means, at any time, the sum of (a) the aggregate undrawn maximum face amount of each Letter of Credit at such time, plus (b) the aggregate unpaid amount of all Reimbursement Obligations at such time. 

“Letter of Credit Fees” has the meaning given such term in Section 2.7(d)(i). 

“Letter of Credit Obligations” means any obligations of the Borrower under this Agreement in connection with the Letters of
Credit, including the Reimbursement Obligations. 
 “Lien” means any mortgage, lien, pledge, charge, deed of trust,
security interest, or encumbrance to secure, or provide for the payment of, any obligation of any Person, whether arising by contract, operation of law, or otherwise (including, without limitation, the interest of a vendor or lessor under any
conditional sale agreement, Capital Lease, or other title retention agreement). 

  
 19 

 “Liquid Assets” means all unrestricted cash and Liquid Investments (excluding,
for the avoidance of doubt, Cash Collateral and deposits on account in the ARO Account) held on the balance sheet of, or controlled by, the Borrower or any of its Subsidiaries. 

“Liquid Investments” means: 

(a)    debt securities issued or directly and fully guaranteed or insured by the United States government or any agency or
instrumentality thereof, with maturities of no more than two years from the date of acquisition; 
 (b)    commercial
paper of a domestic issuer rated at the date of acquisition not less than P1 by Moody’s Investor Service, Inc., or A1 by S&P; 

(c)    certificates of deposit, demand deposits, Eurodollar time deposits, overnight bank deposits, and bankers’
acceptances, with maturities of no more than two years from the date of acquisition, issued by any Bank or any bank or trust company organized under the laws of the United States or any state thereof whose deposits are insured by the Federal Deposit
Insurance Corporation, and having capital and surplus aggregating at least $1,000,000,000; 
 (d)    corporate bonds,
and municipal bonds of a domestic issuer rated at the date of acquisition Aaa by Moody’s Investor Service, Inc., or AAA by S&P, with maturities of no more than two years from the date of acquisition; 

(e)    repurchase agreements secured by debt securities of the type described in part (a) above, the market value of
which, including accrued interest, is not less than 100% of the amount of the repurchase agreement, with maturities of no more than two years from the date of acquisition, issued by or acquired from or through any Bank or any bank or trust company
organized under the laws of the United States or any state thereof and having capital and surplus aggregating at least $1,000,000,000; and 

(f)    investments, classified in accordance with GAAP as current assets of the Borrower or any of its Subsidiaries, in
money market investment programs registered under the Investment Company Act of 1940, which are administered by financial institutions that have the highest rating obtainable from either Moody’s or S&P, and the portfolios of which are
limited solely to Investments of the character, quality and maturity described in clauses (a), (b) and (c) of this definition; 
 provided
that (i) investments in any one issuer, excluding the United States government or any agency or instrumentality thereof, shall not exceed 20% of total fixed-income Liquid Investments based on market value at the time of acquisition,
(ii) fixed-income holdings shall not exceed 5% of all Liquid Investments at any time, and (iii) certificates of deposit, commercial paper, corporate bonds, mortgaged-backed securities, or municipal bonds issued by any one issuer shall not
exceed 5% of all Liquid Investments at any time. 
 “Liquidity” means, as of any date of determination, the sum of
(a) the unutilized portion of the Borrowing Base on such date, plus (b) the aggregate amount of Unrestricted Cash of the Borrower and its Restricted Subsidiaries that is subject to an Acceptable Cash Arrangement at such date,
minus (c) the amount of any Borrowing Base Deficiency on such date. 

  
 20 

 “Liquidity Test” means, at any time of determination, with respect to any event
or proposed event in connection with which such determination is being made, the Borrower is in compliance with Section 6.13(c) both before and after giving effect to such event. 

“London Banking Day” means any day on which dealings in Dollar deposits are conducted by and between banks in the London
interbank eurodollar market. 
 “Majority Banks” means, at any time and except as provided in the last sentence of this
definition, Banks holding more than 50% of the then aggregate unpaid principal amount of the Notes held by the Banks and the Letter of Credit Exposure of the Banks at such time; provided that if no such principal amount or Letter of Credit
Exposure is then outstanding, “Majority Banks” shall mean Banks having more than 50% of the aggregate amount of the Commitments at such time; and provided further that the Commitment of, and the portion of the aggregate unpaid
principal amount of the Notes and Letter of Credit Exposure held or deemed held by, any Defaulting Bank shall be excluded for purposes of making a determination of Majority Banks. 

“Master Agreement” has the meaning set forth in the definition of “Swap Contract”. 

“Material Adverse Change” means (a) a material adverse change in the business, financial condition, or results of
operations of the Borrower and its Restricted Subsidiaries taken as a whole, or (b) a material adverse effect on (i) the Borrower’s ability individually or the Credit Parties’ ability collectively to perform their obligations
under any Credit Document, (ii) the rights and remedies of the Agent or any Bank under any Credit Document, or (iii) the legality, validity, or binding effect, or enforceability against the Borrower or any Guarantor of, any Credit Document
to which it is party. 
 “Material Obligations” means, at any time of determination, Debt (other than Advances or Letters
of Credit) and obligations under Swap Contracts of any one or more of the Borrower and its Restricted Subsidiaries in an aggregate principal amount exceeding the greater of $10,000,000 and 5% of the Borrowing Base then in effect. For purposes of
determining Material Obligations, the “principal amount” of the obligations of the Borrower or any Restricted Subsidiary in respect of any Swap Contract at any time shall be the Swap Termination Value. 

“Material Subsidiary” means, as of any date of its determination, a Restricted Subsidiary of the Borrower (a) with Total
Assets (when combined with the assets of such Restricted Subsidiary’s Restricted Subsidiaries, after eliminating intercompany obligations) at the last day of the most recent fiscal quarter of the Borrower for which financial statements were
required to be delivered pursuant to Section 5.6 constituting 5% or more of the Borrower’s Consolidated Total Assets on such date, (b) that contributed 5% or more of the Borrower’s consolidated EBITDA for the
four-quarter period most recently ended, (c) that owns any Borrowing Base Assets or (d) that the Borrower has designated to be Material Subsidiary. 

“Maturity Date” means the earlier of (a) February 28, 2021, and (b) the termination in whole of the
Commitments pursuant to Section 2.1(b) or Article VII. 
 “Maximum Rate” has the meaning
set forth in Section 2.8(d). 

  
 21 

 “Minimum Collateral Amount” means, at any time, (i) with respect to Cash
Collateral consisting of cash or deposit account balances, (A) if such Cash Collateral is required in connection with Fronting Exposure related to a Defaulting Bank, an amount equal to 100% of the Fronting Exposure of the Issuing Bank with
respect to Letters of Credit issued and outstanding at such time and (B) otherwise an amount equal to the sum of the aggregate undrawn face amount of the relevant Letters of Credit issued and outstanding at such time, and all scheduled fees in
respect of such Letter of Credit through expiration, and (ii) with respect to any other Cash Collateral, an amount determined by the Agent and the Issuing Bank in their sole discretion. 

“Mortgaged Contracts” means the contracts of the Borrower and the Guarantors related to the Mortgaged Properties. 

“Mortgaged Properties” means the Oil and Gas Properties of the Borrower and the Guarantors that are subject to the Mortgages.

 “Mortgaged Property Value” means, as of any date of its determination, the aggregate present value of the future net
income with respect to the Mortgaged Properties as set forth in the applicable engineering report, discounted at the stated per annum rate utilized in such report; provided, however, that the Mortgaged Property Value shall not include any Oil
and Gas Properties acquired by any Credit Party after the recordation of the Mortgages in the real property records of the jurisdiction where such Oil and Gas Properties are located unless an amendment or supplement to such Mortgages sufficiently
describing such after-acquired Oil and Gas Properties has been recorded in such real property records. For the avoidance of doubt, the methodology utilized to calculate the Mortgaged Property Value shall be the same methodology utilized to calculate
the Oil and Gas Property Value for all purposes of this Agreement. 
 “Mortgages” means (i) that certain Third Amended
and Restated Act of Mortgage, Assignment of Production, Security Agreement, Fixture Filing and Financing Statement dated as of the date hereof, made by Stone Offshore in favor of the Agent for the benefit of the Secured Parties, and governed by
Louisiana law, and (ii) any other mortgage or deed of trust executed by the Borrower or any Guarantor in favor of the Agent for the benefit of the Secured Parties, in each case, as the same may be amended, supplemented, or otherwise modified
from time to time. 
 “Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3)
of ERISA, to which the Borrower or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 

“Multiple Employer Plan” means a Plan which has two or more contributing sponsors (including the Borrower or any ERISA
Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA. 
 “Net
Cash Proceeds” means, with respect to any transaction or event, an amount equal to the cash proceeds received by any Credit Party from or in respect of such transaction or event (including cash proceeds of any
non-cash proceeds of such transaction), less (a) any out-of-pocket expenses paid to a Person that are reasonably
incurred by such Credit Party in connection therewith and (b) in the case of an asset Disposition, the amount of any Debt secured by a Lien 

  
 22 

 
on the related asset and discharged from the proceeds of such asset Disposition and any taxes paid or reasonably estimated by the applicable Credit Party to be payable by such Person in respect
of such asset Disposition (provided that, if the actual amount of taxes paid is less than the estimated amount, the difference shall immediately constitute Net Cash Proceeds). 

“Net Interest Expense” means, for the Borrower and its Restricted Subsidiaries on a consolidated basis for any Test Period
(a) interest expense (including Letter of Credit Fees) for such Test Period minus (b) interest income for such Test Period, in each case determined in accordance with GAAP consistently applied. 

“Non-Consenting Bank” means any Bank that does not approve any consent, waiver,
amendment or Borrowing Base increase that (i) requires the approval of all Banks and (ii) has been approved by the Majority Banks. 

“Non-Defaulting Bank” means, at any time, each Bank that is not a Defaulting Bank at
such time. 
 “Note” means a promissory note of the Borrower payable to any Bank or its registered assigns, in
substantially the form of the attached Exhibit D, evidencing indebtedness of the Borrower to such Bank resulting from Advances owing to such Bank. 

“Notice of Borrowing” means a notice of borrowing in the form of the attached Exhibit E or such
other form as may be approved by the Agent (including any form on an electronic transmission system as shall be approved by the Agent), appropriately completed and signed by a Responsible Officer of the Borrower. 

“Notice of Conversion or Continuation” means a notice of conversion or continuation in the form of the attached
Exhibit F signed by a Responsible Officer of the Borrower. 
 “Obligations” means all
(a) principal, interest, fees, reimbursements, indemnifications, and other amounts payable by the Borrower or any Guarantor to the Agent, the Issuing Bank, or the Banks under the Credit Documents and (b) all debts, liabilities, obligations
of the Borrower or any Guarantor under any Specified Swap Contract (other than Excluded Swap Obligations) or Specified Cash Management Agreement, in each case, whether direct or indirect (including those acquired by assumption), absolute or
contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against the Borrower or any Guarantor of any proceeding under any law relating to bankruptcy, insolvency or
reorganization or relief of debtors naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding; provided that any release of Collateral or Guarantors pursuant to
this Agreement shall not require the consent of the holders of Obligations under Specified Swap Contracts or Specified Cash Management Agreements. 

“OFAC” means the Office of Foreign Assets Control of the United States Department of the Treasury. 

“Oil and Gas Properties” means fee, leasehold or other interests in or under mineral estates or oil, gas, and other liquid or
gaseous hydrocarbon leases with respect to Properties 

  
 23 

 
situated in the United States or offshore from any state of the United States, including overriding royalty and royalty interests, leasehold estate interests, net profits interests, production
payment interests and mineral fee interests, together with contracts executed in connection therewith and incidental rights belonging thereto. 

“Oil and Gas Property Value” means, with respect to Oil and Gas Properties of the Borrower and the Guarantors as of any date
of its determination, the aggregate present value of the future net income with respect to such Oil and Gas Properties as set forth in the applicable Oil and Gas Reserve Report, discounted at the stated per annum rate utilized in such report.

 “Oil and Gas Reserve Report” means each engineering report covering the Borrower’s and Guarantors’
consolidated Oil and Gas Properties provided to the Agent pursuant to Section 5.6(c)(i) or (ii). 
 “Other Connection
Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed,
delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Credit Document, or sold or assigned an interest in
any Advance or Credit Document). 
 “Other Taxes” means all present or future stamp, court or documentary, intangible,
recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any
Credit Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.17 or Section 9.13). 

“Participant” has the meaning given to such term in Section 9.6(d). 

“Participant Register” has the meaning given to such term in Section 9.6(d). 

“PBGC” means the Pension Benefit Guaranty Corporation or any entity succeeding to any or all of its functions under ERISA.

 “PDP Reserves” means those Oil and Gas Properties designated as “proved developed and producing” (in
accordance with SEC definitions and regulations) in the Oil and Gas Reserve Report most recently delivered to the Agent pursuant to this Agreement. 

“Pension Act” means the Pension Protection Act of 2006. 

“Pension Funding Rules” means the rules of the Code and ERISA regarding minimum required contributions (including any
installment payment thereof) to Pension Plans and set forth in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412 of the Code and Section 302 of ERISA, each as in effect prior to the Pension Act
and, thereafter, Section 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA. 

  
 24 

 “Pension Plan” means any employee pension benefit plan (including a Multiple
Employer Plan or a Multiemployer Plan) that is maintained or is contributed to by the Borrower and any ERISA Affiliate and is either covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code.

 “Permitted Acquisition” means the acquisition, by merger or otherwise, by the Borrower or any of the Restricted
Subsidiaries of assets (including any assets constituting a business unit, line of business or division) or Equity Interests, so long as (a) such acquisition and all transactions related thereto shall be consummated in all material respects in
accordance with Legal Requirements; (b) if such acquisition involves the acquisition of Equity Interests of a Person that upon such acquisition would become a Subsidiary, such acquisition shall result in the issuer of such Equity Interests
becoming a Restricted Subsidiary and, to the extent required by Section 5.9, a Guarantor; (c) such acquisition shall result in the Agent, for the benefit of the Secured Parties, being granted a security interest in any
Equity Interests or any assets so acquired to the extent required by Section 5.9; (d) after giving effect to such acquisition, no Event of Default shall have occurred and be continuing; (e) after giving effect to
such acquisition, the Borrower and its Restricted Subsidiaries shall be in compliance with Section 6.12; and (f) the Borrower shall be in Pro Forma Compliance after giving effect to such acquisition. 

“Permitted Holders” means (i) each of (a) Bain Capital Credit, LP, (b) Credit Suisse Asset Management, LLC,
(c) Franklin Advisers, Inc., (d) MacKay Shields LLC, (e) Par Capital Management, Inc. and (f) Putnam Investments, (ii) any affiliated funds or investment vehicles managed by any of the Persons described in clause (i),
and (iii) any general partner, managing member, principal or managing director of any of the Persons described in clause (i). 

“Permitted Liens” means the Liens permitted to exist pursuant to Section 6.1. 

“Person” means an individual, partnership, corporation (including a business trust), joint stock company, limited liability
corporation or company, limited liability partnership, trust, unincorporated association, joint venture or other entity, or a government or any political subdivision or agency thereof or any trustee, receiver, custodian or similar official. 

“Plan” means any employee benefit plan within the meaning of Section 3(3) of ERISA (including a Pension Plan),
maintained for employees of the Borrower or any ERISA Affiliate or any such Plan to which the Borrower or any ERISA Affiliate is required to contribute on behalf of any of its employees. 

“Plan of Reorganization” means that certain Second Amended Joint Prepackaged Plan of Reorganization of Stone Energy
Corporation and Its Debtor Affiliates Under Chapter 11 of the Bankruptcy Code dated December 28, 2016. 

“Platform” has the meaning specified in Section 5.7. 

“Pro Forma Compliance” means, as of any date of determination, that the Borrower and the Restricted Subsidiaries would be in
compliance with the Financial Performance Covenants as at the last day of the most recently ended fiscal quarter of the Borrower and the Restricted Subsidiaries for which the financial statements were required to have been delivered pursuant to
Section 5.6, when such Financial Performance Covenants are recomputed on a pro forma basis on such date of determination. 

  
 25 

 “Property” of any Person means any property or assets (whether real, personal,
or mixed, tangible or intangible) of such Person. 
 “Property Proceeds” means (i) the aggregate insurance proceeds
received under any property or physical damage insurance policy in connection with one or more related events or (ii) any award or other compensation with respect to any eminent domain, condemnation of property or similar proceedings (or any
transfer or disposition of property in lieu of condemnation). 
 “Pro Rata Share” means, with respect to any Bank, either
(a) the ratio (expressed as a percentage) of such Bank’s Commitments at such time to the aggregate Commitments at such time or (b) if the Commitments have been terminated, the ratio (expressed as a percentage) of such Bank’s
aggregate outstanding Advances and Letter of Credit Exposure at such time to the aggregate outstanding Advances and Letter of Credit Exposure of all the Banks at such time. 

“Proved Mineral Interests” means, collectively, proved developed producing reserves, proved developed non-producing reserves, and proved undeveloped reserves. 
 “Public Bank” has the meaning
set forth in Section 5.7. 
 “Recipient” means (a) the Agent, (b) any Bank and
(c) any Issuing Bank, as applicable. 
 “Redemption” means, with respect to any Debt, the repurchase, redemption,
prepayment, repayment, defeasance or any other acquisition or retirement for value of such Debt. “Redeem” has the correlative meaning thereto. 

“Register” has the meaning set forth in paragraph (c) of Section 9.6. 

“Regulations U and X” mean Regulations U and X of the Federal Reserve Board, as the same is from time to time in effect, and
all official rulings and interpretations thereunder or thereof. 
 “Reimbursement Obligations” means all of the obligations
of the Borrower to reimburse the Issuing Bank for amounts paid by the Issuing Bank under Letters of Credit as established by the Letter of Credit Applications and Section 2.6(d). 

“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers,
employees, agents, trustees and advisors of such Person and of such Person’s Affiliates. 
 “Release” shall have the
meaning set forth in CERCLA or under any similar applicable Environmental Law. 
 “Reportable Event” means any of the
events set forth in Section 4043(c) of ERISA, other than events for which the 30 day notice period has been waived. 

  
 26 

 “Required Banks” means, at any time and except as provided in the last sentence
of this definition, Banks holding at least 66-2/3% of the then aggregate unpaid principal amount of the Notes held by the Banks and the Letter of Credit Exposure of the Banks at such time, but in no event less
than two Banks at any time when there are three or more Banks; provided that if no such principal amount or Letter of Credit Exposure is then outstanding, “Required Banks” shall mean Banks having at least 66-2/3% of the aggregate amount of the Commitments at such time, but in no event less than two Banks at any time when there are three or more Banks; and provided further that the Commitment of, and the
portion of the aggregate unpaid principal amount of the Notes and Letter of Credit Exposure held or deemed held by, any Defaulting Bank shall be excluded for purposes of making a determination of Required Banks. For any redetermination of the
Borrowing Base under Section 2.2 which would increase the Borrowing Base, “66-2/3%” in the foregoing sentence shall be “100%”. 

“Response” shall have the meaning set forth in CERCLA or under any similar applicable Environmental Law. 

“Responsible Officer” means, with respect to any Person, such Person’s Chief Executive Officer, President, Chief
Financial Officer, Chief Accounting Officer, and Vice Presidents, and, solely for purposes of notices given pursuant to Article II, any other officer or employee of the applicable Credit Party so designated by any of the foregoing officers in a
notice to the Agent. 
 “Restricted Payment” means, with respect to any Person, any dividends or other distributions (in
cash, property, or otherwise) on, or any payment, including any sinking fund or deposit, for the purchase, redemption, or other acquisition of, any shares of any Capital Stock of such Person, other than dividends payable in such Person’s
Capital Stock. 
 “Restricted Subsidiary” means any Subsidiary of the Borrower. 

“S&P” means Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc., and
any successor thereto. 
 “Sanction(s)” means any sanction administered or enforced by the United States Government
(including without limitation, OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority. 

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal
functions. 
 “Second Lien Debt Amount” means, as of any date of determination, the principal amount of Second Lien Notes
then outstanding after giving effect only to Redemptions of such Second Lien Notes through such date of determination; provided that the Second Lien Debt Amount shall not exceed $225,000,000 as of any date of determination. 

“Second Lien Holders” means the holders of Second Lien Notes. 

“Second Lien Note Documents” means, collectively, the following (as the same now exist or may hereafter be amended, modified,
supplemented, extended, renewed, restated, refinanced or replaced, in each case in accordance with the terms of the Intercreditor 

  
 27 

 
Agreement): (a) the Second Lien Note Indenture, (b) each other “Note Document” (as defined in the Second Lien Note Indenture), and (c) all other agreements, documents and
instruments at any time executed and/or delivered by the Borrower or any Guarantor with, to or in favor of the Second Lien Trustee or any Second Lien Holder in connection therewith or related thereto.” 

“Second Lien Note Indenture” means that certain Indenture dated as of the Effective Date, entered into by the Second Lien
Trustee, Stone Energy Corporation, as issuer of its 7.500% Senior Secured Notes Due 2022 (the “Second Lien Notes”), and the other Credit Parties party thereto from time to time, as guarantors, as amended, modified, supplemented,
extended, renewed, refinanced, restated or replaced in accordance with the terms of the Intercreditor Agreement. 
 “Second Lien
Notes” means the “Notes” as defined in the Second Lien Note Indenture. 
 “Second Lien Trustee” means
The Bank of New York Mellon Trust Company, N.A., in its capacity as trustee and/or collateral agent, as the context may require, under the Second Lien Note Indenture, together with its successors and permitted assigns in any such capacity. 

“Secured Parties” means the Agent, the Issuing Bank, the Banks, and the holders of Obligations under Specified Swap Contracts
and Specified Cash Management Agreements. 
 “Security Agreement” means the Third Amended and Restated Security Agreement
dated as of the Effective Date and each other Security Agreement in favor of the Agent for the ratable benefit of the Secured Parties in the form of the attached Exhibit H, and any supplement or joinder thereto, executed on
the date hereof or as required by Section 5.9, as the same may be amended, supplemented, or otherwise modified from time to time. 

“Security Documents” means the Mortgages, the Security Agreements, the Consents, the Control Agreements, any agreement
creating or perfecting rights in Cash Collateral pursuant to the provisions of Section 2.15 of this Agreement and each of the other agreements, instruments, or documents that creates or purports to create, or to consent to
the creation of, a Lien in favor of the Agent for the benefit of the Secured Parties. 
 “Solvent” means, with respect to
any Person on any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable
value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it
will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which
such Person’s property would constitute an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. The amount
of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 

  
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 “Specified Cash Management Agreement” means any agreement to provide cash
management services (including treasury, depository, overdraft, credit or debit card, electronic funds transfer, and other cash management arrangements) between any Credit Party and any Bank or an Affiliate of any Bank. The status of any such
agreement as a Specified Cash Management Agreement shall not create in favor of such Bank or Affiliate any rights in connection with the management or release of any Collateral or of the obligations of any Credit Party under any Security Document.

 “Specified Covenant Test” means, at any time of determination, with respect to any event or proposed event in connection
with which such determination is being made, the satisfaction of each of the following conditions: (a) no Default or Event of Default has occurred and is continuing or would immediately result from such event, (b) the Borrower would be in
Pro Forma Compliance with the Financial Performance Covenants after giving effect to such event, (c) at such time, immediately after giving effect to such event, the Liquidity Test shall be satisfied, and (d) at such time, after giving
effect to such event, no Borrowing Base Deficiency shall exist.  
 “Specified Credit Party” means any Credit
Party that is not an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 9.14). 

“Specified Swap Contract” means any Swap Contract entered into between any Credit Party and any Person which is a Bank or an
Affiliate of any Bank, or was a Bank or an Affiliate of any Bank at the time such Swap Contract was executed. The status of any Swap Contract as a Specified Swap Contract shall not create in favor of such Bank or Affiliate any rights in connection
with the management or release of any Collateral or of the obligations of any Credit Party under any Security Document. 
 “Stone
Offshore” means Stone Energy Offshore, L.L.C., a Delaware limited liability company. 
 “Subsidiary” of a Person
means any corporation or other entity of which more than 50% of the outstanding capital stock or other ownership interests having ordinary voting power to elect a majority of the board of directors or similar governing body of such corporation or
other entity (irrespective of whether at such time capital stock or other ownership interests of any other class or classes of such corporation or other entity shall or might have voting power upon the occurrence of any contingency) is at the time
directly or indirectly owned by such Person, by such Person and one or more Subsidiaries of such Person or by one or more Subsidiaries of such Person. Unless otherwise indicated herein, each reference to the term “Subsidiary” means
a Subsidiary of the Borrower. 
 “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit
derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or
forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap

  
 29 

 
transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or
not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master
agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master
Agreement”), including any such obligations or liabilities under any Master Agreement, in each case, expressly including any such transactions in which a Person hedges the price to be received by it for future production from the Oil and
Gas Properties. 
 “Swap Obligations” means with respect to any Guarantor any obligation to pay or perform under any
agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act. 

“Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any
legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s) and
(b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined
based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Bank or any Affiliate of a Bank). 

“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding),
assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Test Period” means, for any date of determination under this Agreement, the most recent four consecutive fiscal quarters of
the Borrower ending with the most recently ended fiscal quarter for which financial statements were required to have been delivered pursuant to Section 5.6. 

“Total Assets” means, as of any date of determination with respect to any Person, the amount that would, in conformity with
GAAP, be set forth opposite the caption “total assets” (or any like caption) on a balance sheet of such Person at such date. 

“Type” has the meaning set forth in Section 1.4. 

“Unrestricted Cash” means cash and Liquid Investments of the Borrower or any of its Restricted Subsidiaries that would not
appear as “restricted” on a consolidated balance sheet of the Borrower or any of its Restricted Subsidiaries and not subject to any Lien other than (a) a Lien in favor of the Secured Parties, (b) Liens created in the ordinary
course of business in favor of banks and other financial institutions over credit balances of, or attaching to, any bank accounts, commodity trading accounts or other brokerage accounts of the Borrower and the Restricted Subsidiaries held at such
banks or financial institutions holding such cash or Liquid Investment, or (c) inchoate statutory liens arising under law in the ordinary course of business and attaching to all assets of the Borrower or such Restricted Subsidiary. 

  
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 “U.S. Person” means any Person that is a “United States Person” as
defined in Section 7701(a)(30) of the Code. 
 “U.S. Tax Compliance Certificate” has the meaning assigned to such term in
Section 2.13(e). 
 “Voting Securities” means with respect to any corporation, capital stock of
the corporation having general voting power under ordinary circumstances to elect directors of such corporation (irrespective of whether at the time stock of any other class or classes shall have or might have special voting power or rights by
reason of the happening of any contingency). 
 “Wholly-Owned Subsidiary” means any Subsidiary of which all of the
outstanding Equity Interests (other than any directors’ qualifying shares mandated by applicable law), on a fully-diluted basis, are owned by the Borrower or one or more of the Wholly-Owned Subsidiaries or are owned by the Borrower and one or
more of the Wholly-Owned Subsidiaries. 
 “Withholding Agent” means any Credit Party and the Agent. 

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 
 Section 1.2.    Computation of Time
Periods. In this Agreement in the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including”; the words “to” and
“until” each means “to but excluding”; and the word “through” means “to and including.” 

Section 1.3.    Accounting Terms; Changes in GAAP. 

(a)    All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied
on a consistent basis with those applied in the preparation of the Financial Statements. 
 (b)    Unless otherwise
indicated, all financial statements of the Borrower, all calculations for compliance with covenants in this Agreement and all calculations of any amounts to be calculated under the definitions in Section 1.1 shall be based
upon the consolidated accounts of the Borrower and its Subsidiaries in accordance with GAAP (or in compliance with the regulations promulgated by the United States Securities and Exchange Commission regarding financial reporting) and consistent with
the principles applied in preparing the Financial Statements. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Credit Document, and either the Borrower or the Majority Banks shall
so request, the Agent, the Banks and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Majority Banks);

  
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provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Borrower shall
provide to the Agent and the Banks financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after
giving effect to such change in GAAP. Notwithstanding the foregoing, if any change in GAAP would recharacterize an operating lease as a Capital Lease, or treat a new lease that except for such change would have been characterized as an operating
lease, as a Capital Lease, such change shall be disregarded. 
 Section 1.4.    Types of Advances. Advances
are distinguished by “Type.” The “Type” of an Advance refers to the determination whether such Advance is a Eurodollar Rate Advance or Base Rate Advance. 

Section 1.5.    Other Interpretive Provisions. The definitions of terms herein shall apply equally to the
singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and
“including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the
context requires otherwise, (i) any definition of or reference to any agreement, instrument or other document shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or
otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein or in any other Credit Document), (ii) any reference herein to any Person shall be construed to include such Person’s
successors and assigns, (iii) the words “hereto,” “herein,” “hereof” and “hereunder,” and words of similar import when used in any Credit Document, shall be construed to refer to such Credit Document in
its entirety and not to any particular provision thereof, (iv) all references in a Credit Document to Articles, Sections, Preliminary Statements, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Preliminary
Statements, Exhibits and Schedules to, the Credit Document in which such references appear, (v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending, replacing or interpreting such law and any
reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) the words “asset” and “property” shall be construed to
have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

Section 1.6.    Rounding. Any financial ratios required to be maintained by the Borrower pursuant to this
Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest
number (with a rounding-up if there is no nearest number). 

Section 1.7.    Letter of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of Credit
at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any Letter of Credit Document related
thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or
not such maximum stated amount is in effect at such time. 

  
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 ARTICLE II 

CREDIT FACILITIES 

Section 2.1.    Commitment for Advances. 

(a)    Advances. Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make
Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Maturity Date in an aggregate outstanding amount up to but not to exceed an amount equal to (i) the lesser of such Bank’s
Commitment or such Bank’s Pro Rata Share of the Borrowing Base less (ii) such Bank’s Pro Rata Share of the Letter of Credit Exposure; provided that the sum of the outstanding amount of all Advances made by such Bank and
such Bank’s Pro Rata Share of the Letter of Credit Exposure shall not exceed such Bank’s Commitment. Each Borrowing shall, in the case of Borrowings consisting of Base Rate Advances, be in an aggregate amount not less than $500,000 (or, if
less, the remaining undrawn Commitments of all Banks) and in integral multiples of $100,000 in excess thereof, and in the case of Borrowings consisting of Eurodollar Rate Advances, be in an aggregate amount not less than $2,000,000 (or, if less, the
remaining undrawn Commitments of all Banks) or in integral multiples of $1,000,000 in excess thereof, and in each case shall consist of Advances of the same Type made on the same day by the Banks ratably according to their respective Commitments.
Within the limits of each Bank’s Commitment, and subject to the terms of this Agreement, the Borrower may from time to time borrow, prepay, and reborrow Advances. 

(b)    Optional Reduction of Commitment. The Borrower shall have the right, upon at least three Business Days’
irrevocable notice to the Agent, to terminate in whole or reduce ratably in part the unused portion of the Commitments; provided that each partial reduction of the Commitments shall be in the aggregate amount of $5,000,000 or in integral
multiples of $1,000,000 in excess thereof. Any reduction or termination of the Commitments pursuant to this Section 2.1(b) shall be permanent, with no obligation of the Banks to reinstate such Commitments, and the
commitment fees provided for in Section 2.7(a) shall thereafter be computed on the basis of the Commitments, as so reduced. 

(c)    Notes. The indebtedness of any Borrower to each Bank resulting from the Advances owing to such Bank shall,
if such Bank requests, be evidenced by a Note of the Borrower in the maximum principal amount of such Bank’s Commitment. 

Section 2.2.    Borrowing Base. 

(a)    As of the Effective Date, the parties hereto agree that the Borrowing Base shall be equal to $200,000,000 until such
time as the Borrowing Base is redetermined in accordance with this Agreement; provided, however, that notwithstanding anything to the contrary herein, the aggregate amount of Advances and Letter of Credit Obligations at any time prior
to the Fall 2017 Redetermination Date shall not exceed $150,000,000. 

  
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 (b)    From the date hereof through the Maturity Date and subject to the
further provisions of this Section 2.2, the Borrowing Base shall be redetermined by the Required Banks each May 1 and November 1 in accordance with Section 2.2 on the basis of
information, including the Oil and Gas Reserve Reports required to be delivered before each such date supplied by Borrower in compliance with the provisions of this Agreement, such additional data concerning pricing, quantities of production,
purchasers of production, and other information and engineering and geological data with respect thereto as the Agent or any Bank may reasonably request, together with all other information then available to the Agent and the Banks; provided
that the first such scheduled redetermination shall occur on the Fall 2017 Redetermination Date (with the process set forth in Section 2.2(d) beginning prior to the Fall 2017 Redetermination Date and the redetermination of the Borrowing
Base occurring no earlier and no later than the Fall 2017 Redetermination Date). Notwithstanding the foregoing, the Required Banks may, in the exercise of their good faith discretion, require additional redeterminations of the Borrowing Base in
accordance with Section 2.2(d) by providing written notice to the Borrower, but only two such requests may be made during any calendar year; provided that no such requests may be made from the Effective Date to the
Fall 2017 Redetermination Date. 
 (c)    The Borrower may request that the Required Banks redetermine the
Borrowing Base (i) by providing a written request to the Agent, but only two such requests may be made during any calendar year or (ii) in connection with the Borrower’s or any Guarantor’s acquisition of Oil and Gas Properties
with a purchase price of $20,000,000 or more. In connection with any such request, the Borrower shall provide the Agent and the Banks with an interim reserve report prepared by the Borrower together with such other information, including additional
data concerning pricing, quantities of production, purchasers of production, and other information and engineering and geological data, as the Agent or any Bank may reasonably request. Within 30 days following the receipt of such interim reserve
report and other information, the Required Banks shall make a redetermination of the Borrowing Base in accordance with Section 2.2(d). 

(d)    In connection with a redetermination of the Borrowing Base, the Agent shall propose a Borrowing Base to the Banks
within fifteen (15) calendar days following the receipt of the applicable Oil and Gas Reserve Report or interim reserve report and all other applicable information set forth in Sections 2.2(b) and (c), and within fifteen
(15) calendar days following the receipt of the Agent’s proposed Borrowing Base, the Banks shall vote to approve or disapprove such proposed Borrowing Base. If the Required Banks do not approve the proposed Borrowing Base, the Agent shall
propose, and the Banks shall vote to approve or disapprove, another Borrowing Base, in each case acting reasonably promptly, until the Required Banks approve a Borrowing Base proposed by the Agent. Once the Required Banks approve the proposed
Borrowing Base, the Agent shall notify the Borrower of such redetermination. Until the Borrower receives such notification from the Agent, the Borrowing Base most recently established shall remain in effect, and thereafter the new Borrowing Base as
set forth in such notification shall be in effect. 
 (e)    Upon any sale, lease, transfer, unwinding, termination,
novation or other Disposition (including pursuant to a Farm-Out Agreement, participation or other agreement that would reduce the Borrower’s or such Restricted Subsidiary’s interest in any Property),
whether directly or indirectly, and whether or not in the ordinary course of business, by the Borrower or any of its Restricted Subsidiaries of Borrowing Base Assets or Equity Interests in a Restricted

  
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Subsidiary owning Borrowing Base Assets that (individually or on a cumulative basis with all such Dispositions consummated since the determination of the most recently determined Borrowing Base)
(x) have Oil and Gas Property Value allocated to such Borrowing Base Assets in the most recent Oil and Gas Reserve Report (the “Allocated Value”) in excess of 5% of the amount of such Borrowing Base, or (y) in the case of
Swap Contracts, have Net Cash Proceeds in excess of 5% of the amount of such Borrowing Base, the Borrowing Base shall automatically be reduced by an amount equal to (1) with respect to Swap Contracts, 75% of the Net Cash Proceeds received by a
Credit Party as a result of unwinding, terminating, or novating such Swap Contracts (after giving effect to any new Swap Contracts that are given value in the Borrowing Base and that were entered into prior to or in connection with such unwind,
termination or novation) and (2) with respect to all Borrowing Base Assets other than Swap Contracts, the Allocated Value of such Borrowing Base Assets. 

(f)    The Borrowing Base shall represent the determination by the Required Banks of the loan value of the Borrower’s
and the Guarantors’ Oil and Gas Properties which are either (i) subject to an Acceptable Security Interest or (ii) unencumbered (except for Permitted Liens), but the Agent and the Required Banks shall make their determination and vote
their approval, respectively, in accordance with the applicable definitions and provisions herein contained, each such Bank’s standard policies regarding energy lending, industry lending practices, consultation with the Agent and the other
Banks (but without requiring the approval of any such Bank), and consideration for the nature of the facilities established hereunder. The Borrower acknowledges that the determination of the Borrowing Base contains an equity cushion (market value in
excess of loan value), which is acknowledged by the Borrower to be essential for the adequate protection of the Agent and the Banks. 

(g)    The Borrower shall also have the right to reduce the Borrowing Base once during the period from October 1 to
March 31 and once during the period from April 1 to September 30 during each year by providing the Agent thirty (30) days’ advance written notice of such reduction. The Agent shall promptly send to each Bank a copy of such
notice and such reduction shall be effective on the later of (i) thirty (30) days following the date of the Agent’s receipt of such notice, and (ii) the date specified in such notice, in each case unless otherwise agreed by the
Agent. 
 (h)    As of the Effective Date, the Agent has provided the Borrower with the Agent’s standard policies
regarding energy lending. The Agent, but not any other Bank, agrees to provide the Borrower with written notice of any changes to such policies. 

Section 2.3.    Method of Borrowing. 

(a)    Notice. Each Borrowing shall be made upon the Borrower’s irrevocable notice to the Agent, which may be
given by (x) telephone, or (y) a Notice of Borrowing; provided that any telephone notice must be confirmed immediately by delivery to the Agent of a Notice of Borrowing. Each such Notice of Borrowing must be given not later than
10:00 a.m. (Dallas, Texas time) (i) on the third Business Day before the date of the proposed Borrowing, in the case of a Eurodollar Rate Borrowing or (ii) on the Business Day of the proposed Borrowing, in the case of a Base Rate
Borrowing, by the Borrower to the Agent, which shall in turn give to each Bank prompt notice of such proposed Borrowing by telecopier or telex. Each Notice of a 

  
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Borrowing shall be given by telecopier or telex, confirmed immediately in writing specifying the information required therein. In the case of a proposed Borrowing comprised of Eurodollar Rate
Advances, the Agent shall promptly notify each Bank of the applicable interest rate under Section 2.8(b). Each Bank shall (A) in the case of a Eurodollar Rate Borrowing, before 10:00 a.m. (Dallas, Texas time) on
the date of such Borrowing and (B) in the case of a Base Rate Borrowing, before 1:00 p.m. (Dallas, Texas time) on the date of such Borrowing, make available for the account of its Lending Office to the Agent at its address referred to in
Section 9.2, or such other location as the Agent may specify by notice to the Banks, in same day funds, such Bank’s Pro Rata Share of such Borrowing. After the Agent’s receipt of such funds and upon fulfillment of
the applicable conditions set forth in Article III, the Agent shall make such funds available to the Borrower at its account with the Agent. 

(b)    Conversions and Continuations. Each continuation or Conversion of any Borrowing under this
Section 2.3 shall be made upon the Borrower’s irrevocable notice to the Agent, which may be given by (x) telephone, or (y) a Notice of Conversion or Continuation; provided that any telephone notice
must be confirmed immediately by delivery to the Agent of a Notice of Conversion or Continuation. Each such Notice of Conversion or Continuation must be given to the Agent at the Agent’s office no later than 10:00 a.m. (Dallas, Texas time)
(i) on the date which is at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to or a continuation of a Borrowing comprised of Eurodollar Rate Advances and (ii) on the Business
Day of the proposed conversion date in the case of a Conversion to a Borrowing comprised of Base Rate Advances. Each such Notice of Conversion or Continuation shall be in writing or by telex or telecopier confirmed immediately in writing specifying
the information required therein. Promptly after receipt of a Notice of Conversion or Continuation under this Section 2.3, the Agent shall provide each Bank with a copy thereof and, in the case of a Conversion to or a
continuation of a Borrowing comprised of Eurodollar Rate Advances, notify each Bank of the applicable interest rate under Section 2.8(b). 

(c)    Certain Limitations. Notwithstanding anything in clauses (a) and (b) above: 

(i)    at no time shall there be more than twelve Interest Periods applicable to outstanding Eurodollar
Rate Advances; 
 (ii)    if any Bank shall, at least one Business Day before the date of any requested
Borrowing, Conversion, or continuation, notify the Agent that the introduction of or any change in or in the interpretation of any law or regulation makes it unlawful, or that any central bank or other Governmental Authority asserts that it is
unlawful, for such Bank or its Lending Office to perform its obligations under this Agreement to make Eurodollar Rate Advances or to fund or maintain Eurodollar Rate Advances, the right of the Borrower to select Eurodollar Rate Advances from such
Bank shall be suspended until such Bank shall notify the Agent that the circumstances causing such suspension no longer exist, and the Advance made by such Bank in respect of such Borrowing, Conversion, or continuation shall be a Base Rate Advance;

 (iii)    if the Agent is unable to determine the Eurodollar Rate for Eurodollar Rate Advances
comprising any requested Borrowing, the right of the Borrower to select Eurodollar Rate Advances for such Borrowing or for any subsequent Borrowing shall be 

  
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suspended until the Agent shall notify the Borrower and the Banks that the circumstances causing such suspension no longer exist, and each Advance comprising such Borrowing shall be a Base Rate
Advance; 
 (iv)    if the Majority Banks shall, at least one Business Day before the date of any
requested Borrowing, notify the Agent that the Eurodollar Rate for Eurodollar Rate Advances comprising such Borrowing will not adequately reflect the cost to such Banks of making or funding their respective Eurodollar Rate Advances, as the case may
be, for such Borrowing, the right of the Borrower to select Eurodollar Rate Advances for such Borrowing or for any subsequent Borrowing shall be suspended until the Agent shall notify the Borrower and the Banks that the circumstances causing such
suspension no longer exist, and each Advance comprising such Borrowing shall be a Base Rate Advance; and 

(v)    if the Borrower shall fail to select the duration or continuation of any Interest Period for any
Eurodollar Rate Advances in accordance with the provisions contained in the definition of “Interest Period” in Section 1.1 and clause (b) of this Section 2.3, the Agent shall
forthwith so notify the Borrower and the Banks and such Advances shall be made available to the Borrower on the date of such Borrowing as Base Rate Advances or, if an existing Advance, Convert into Base Rate Advances. 

(d)    Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation shall be irrevocable
and binding on the Borrower. In the case of any Borrowing which the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Advances, the Borrower shall indemnify each Bank against any loss, out-of-pocket cost, or expense incurred by such Bank as a result of any failure by the Borrower to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing the applicable
conditions set forth in Article III including, without limitation, any loss, cost, or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Bank to fund the Advance to be made by such Bank as part
of such Borrowing when such Advance, as a result of such failure, is not made on such date. 
 (e)    Agent
Reliance. Unless the Agent shall have received notice from a Bank before the date of any Borrowing that such Bank shall not make available to the Agent such Bank’s Pro Rata Share of such Borrowing, the Agent may assume that such Bank has
made its Pro Rata Share of such Borrowing available to the Agent on the date of such Borrowing in accordance with clause (a) of this Section 2.3 and the Agent may, in reliance upon such assumption, make available to
the Borrower on such date a corresponding amount. If and to the extent that such Bank shall not have so made its Pro Rata Share of such Borrowing available to the Agent, such Bank and the Borrower severally agree to immediately repay to the Agent on
demand such corresponding amount, together with interest on such amount, for each day from the date such amount is made available to the Borrower until the date such amount is repaid to the Agent, at (i) in the case of the Borrower, the
interest rate applicable on such day to Advances comprising such Borrowing and (ii) in the case of such Bank, the Federal Funds Rate for such day. If such Bank shall repay to the Agent such corresponding amount and interest as provided above,
such corresponding amount so repaid shall constitute such Bank’s Advance as part of such Borrowing for purposes of this Agreement even though not made on the same day as the other Advances comprising such Borrowing. 

  
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 (f)    Bank Obligations Several. The failure of any Bank to make the
Advance to be made by it as part of any Borrowing shall not relieve any other Bank of its obligation, if any, to make its Advance on the date of such Borrowing. No Bank shall be responsible for the failure of any other Bank to make the Advance to be
made by such other Bank on the date of any Borrowing. 
 Section 2.4.    Prepayment of Advances. 

(a)    Optional. The Borrower may prepay Advances, after giving by 10:00 a.m. (Dallas, Texas time) (i) in
the case of Eurodollar Rate Advances, at least two Business Days’ or (ii) in case of Base Rate Advances, same Business Day’s, irrevocable prior written notice to the Agent, in a form reasonably acceptable to the Agent, stating the
proposed date and aggregate principal amount of such prepayment; provided, however, that, in the case of a prepayment resulting from a refinancing of all Advances, the Borrower and Agent may agree to the terms of such payment in a
payoff letter acceptable to Agent. If any such notice is given, the Borrower shall prepay Advances comprising part of the same Borrowing in whole or ratably in part in an aggregate principal amount equal to the amount specified in such notice;
provided, however, that each partial prepayment with respect to: (A) any Borrowing comprised of Base Rate Advances shall be made in $100,000 multiples and in an aggregate principal amount such that after giving effect thereto such
Borrowing shall have a principal amount outstanding of at least $500,000 and (B) any Borrowing comprised of Eurodollar Rate Advances shall be made in $1,000,000 multiples and in an aggregate principal amount such that after giving effect
thereto such Borrowing shall have a principal amount outstanding of at least $2,000,000. Full prepayments of any Borrowing are permitted without restriction of amounts. 

(b)    Mandatory. 

(i)    Borrowing Base Deficiency. Except as provided in Section 2.4(b)(ii)
through (vi) below, if the aggregate outstanding amount of Advances plus the Letter of Credit Exposure ever exceeds the Borrowing Base (such excess being referred to herein as the “Borrowing Base Deficiency”), the Borrower
shall, within thirty (30) days after receipt of written notice of such condition from the Agent elect by written notice to the Agent to take one or more of the following actions to remedy such Borrowing Base Deficiency: 

(A)    prepay Advances and, if the Advances have been repaid in full, Cash Collateralize the Letter of
Credit Exposure, such that the Borrowing Base Deficiency is cured within ten (10) days after the Borrower’s written election; 

(B)    add additional Oil and Gas Properties to the Borrowing Base (and take such actions as are requested
by the Agent to cause such additional Oil and Gas Properties to become subject to Mortgages, to the extent necessary to cause the Mortgaged Property Value to equal or exceed 95% of the Aggregate Oil and Gas Property Value) such that the Borrowing
Base Deficiency is cured within thirty (30) days after the Borrower’s written election; or 

  
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 (C)    pay the deficiency in six (6) equal monthly
installments in amounts equal to one-sixth (1/6th) of the amount of the deficiency or such lesser amounts satisfactory to the Required Banks for the prepayment of Advances (with the first such installment, if
applicable, to be paid no later than the end of such thirty (30) day period following receipt of notice of the Borrowing Base Deficiency) and, if the Advances have been repaid in full, Cash Collateralize the Letter of Credit Exposure such that
the Borrowing Base Deficiency is eliminated within six (6) months of the occurrence of such Borrowing Base Deficiency. 

(ii)    Reduction of Commitments. On the date of each reduction of the aggregate Commitments
pursuant to Section 2.1(b), the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances and then Cash Collateralize the Letter of Credit Exposure to the extent, if any, that the aggregate
unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the Commitments, as so reduced. Any amount paid under the preceding sentence in respect of Letter of Credit Exposure shall be held as Cash Collateral under
Section 2.15. 
 (iii)    Asset Sales. The Borrower shall make a
prepayment in an aggregate amount equal to 100% of Net Cash Proceeds, within three days after receipt of such proceeds, from any sale, lease, transfer, unwinding, termination, novation or other Disposition (other than Dispositions pursuant to
clauses (ii) and (v) of Section 6.4(b)) of any of the Borrower’s or any of its Subsidiaries’ Borrowing Base Assets occurring from the Effective Date to the Fall 2017
Redetermination Date. If, after giving effect to the sale, lease, transfer, unwinding, termination, novation or other Disposition of any of the Borrower’s or any of its Subsidiaries’ Borrowing Base Assets occurring after the Fall 2017
Redetermination Date, a Borrowing Base Deficiency then exists, the Borrower shall repay the Advances, and then Cash Collateralize the Letter of Credit Exposure, by an amount equal to the lesser of (A) such Borrowing Base Deficiency and
(B) 100% of the Net Cash Proceeds of such sale, lease, transfer, unwinding, termination, novation or other Disposition, within three days after receipt of such proceeds. The provisions of this Section 2.4(b)(iii) shall, for the avoidance of
doubt, not apply to any Net Cash Proceeds of Dispositions that are distributed pursuant to and in accordance with the Plan of Reorganization. 

(iv)    Property, Physical Damage and Other Insurance Proceeds. If any Credit Party (or Agent as
loss payee or assignee) receives any Property Proceeds arising from a single event or related series of events, whether as one payment or a series of payments, (A) during the existence of a Default or Event of Default, then the Borrower shall
repay the Advances, and then Cash Collateralize the Letter of Credit Exposure, by an amount equal to 100% of such Property Proceeds, upon receipt of such proceeds, and (B) during the existence of a Borrowing Base Deficiency, then the Borrower
shall repay the Advances, and then Cash Collateralize the Letter of Credit Exposure, by an amount equal to the lesser of (1) such Borrowing Base Deficiency and (2) 100% of such Property Proceeds, within three days after receipt of such
proceeds. 

  
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 (v)    Illegality. If any Bank shall notify the Agent
and the Borrower that the introduction of or any change in or in the interpretation of any law or regulation makes it unlawful, or that any central bank or other Governmental Authority asserts that it is unlawful for such Bank or its Lending Office
to perform its obligations under this Agreement to maintain or make any Advances whose interest is determined by reference to the Eurodollar Rate hereunder or any Governmental Authority has imposed material restrictions on the authority of such Bank
to purchase or sell, or to take deposits of, Dollars in the London interbank market, (i) the Borrower shall, no later than 10:00 a.m. (Dallas, Texas time) (A) if not prohibited by law, on the last day of the Interest Period for each
outstanding Eurodollar Rate Advance made by such Bank or (B) if required by such notice, on the second Business Day following its receipt of such notice prepay all of the Eurodollar Rate Advances made by such Bank then outstanding,
(ii) such Bank shall simultaneously make a Base Rate Advance (the interest rate on such Base Rate Advance of such Bank shall, if necessary to avoid such illegality, be determined by the Agent without reference to the Eurodollar Rate component
of the Base Rate) to the Borrower on such date in an amount equal to the aggregate principal amount of the Eurodollar Rate Advances prepaid to such Bank, and (iii) the right of the Borrower to select Eurodollar Rate Advances from such Bank for
any subsequent Borrowing shall be suspended until such Bank giving notice referred to above shall notify the Agent that the circumstances causing such suspension no longer exist. 

(vi)    Excess Cash. If at any time after the Effective Date, the aggregate amount of Liquid Assets
exceeds $50,000,000, the Borrower shall, on the next Business Day, prepay the Advances, and then Cash Collateralize the Letter of Credit Exposure, without a corresponding reduction to the aggregate Commitments or the Borrowing Base, in an amount
equal to the lesser of (A) such excess and (B) the amount required to reduce the outstanding balance of Advances to $0 and Cash Collateralize 103% of the Letter of Credit Exposure. For the avoidance of doubt, in determining the amount of
Liquid Assets for purposes of this Section 2.4(b)(vi), the Borrower shall not deduct or subtract any future payments or outstanding checks from the amount of Liquid Assets. 

(c)    No Additional Right; Ratable Prepayment; Interest and Breakage. The Borrower shall have no right to prepay
any principal amount of any Advance except as provided in this Section 2.4, and all notices given pursuant to this Section 2.4 shall be irrevocable and binding upon the Borrower. Each payment of
any Advance pursuant to this Section 2.4 shall be made in a manner such that all Advances comprising part of the same Borrowing are paid in whole or ratably in part. Each prepayment pursuant to this
Section 2.4 shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.11 as a result of such
prepayment being made on such date. 
 Section 2.5.    Repayment of Advances. The Borrower shall repay to
the Agent for the ratable benefit of the Banks the outstanding principal amount of each Advance on the Maturity Date. 

  
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 Section 2.6.    Letters of Credit. 

(a)    Commitment. From time to time from the Effective Date until the Maturity Date, at the request of the
Borrower, the Issuing Bank shall, on the terms and conditions hereinafter set forth, issue, increase, or extend the Expiration Date of Letters of Credit for the account of the Borrower on any Business Day; 

(i)    provided that no Letter of Credit shall be issued, increased, or extended: 

(A)    unless such issuance, increase, extension or conversion would not cause the Letter of Credit Exposure to exceed the
lesser of (x) the aggregate Commitments less the aggregate outstanding principal amount of all Advances or (y) the Borrowing Base (provided that the “Borrowing Base” solely for purposes of this
Section 2.6(a)(i)(A) from the Effective Date to the Fall 2017 Redetermination Date shall be $150,000,000) less the aggregate outstanding principal amount of all Advances; 

(B)    unless such Letter of Credit has an Expiration Date not later than the earlier of (1) 12 months after the date
of issuance thereof (or, if extendable beyond such period, unless such Letter of Credit is cancelable upon at least 30 days’ notice given by the Issuing Bank to the beneficiary of such Letter of Credit) or (2) five days prior to the
Maturity Date; 
 (C)    unless such Letter of Credit Documents are in form and substance acceptable to the Issuing Bank
in its sole discretion; 
 (D)    unless such Letter of Credit is a standby letter of credit not supporting the
repayment of indebtedness for borrowed money of any Person; and 
 (E)    unless the Borrower has delivered to the
Issuing Bank a completed and executed Letter of Credit Application; and 
 (ii)    provided
further that the Issuing Bank shall not be under any obligation to issue any Letter of Credit if: 
 (A)    any order,
judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the Issuing Bank from issuing such Letter of Credit, or any Legal Requirement applicable to the Issuing Bank or any request or directive
(whether or not having the force of law) from any Governmental Authority with jurisdiction over the Issuing Bank shall prohibit, or request that the Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in
particular or shall impose upon the Issuing Bank with respect to such Letter of Credit any restriction, reserve or capital requirement (for which the Issuing Bank is not otherwise compensated hereunder) not in effect on the Effective Date, or shall
impose upon the Issuing Bank any unreimbursed loss, cost, or expense which was not applicable on the Effective Date and which the Issuing Bank in good faith deems material to it; 

  
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 (B)    the issuance of such Letter of Credit would violate one or more
policies of the Issuing Bank; or 
 (C)    any Bank is at that time a Defaulting Bank, unless the Issuing Bank has
entered into arrangements, including the delivery of Cash Collateral, satisfactory to the Issuing Bank (in its sole discretion) with the Borrower or such Bank to eliminate the Issuing Bank’s actual or potential Fronting Exposure (after giving
effect to Section 2.16(a)(iv)) with respect to the Defaulting Bank arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other Letter of Credit Exposure as to which the Issuing
Bank has actual or potential Fronting Exposure, as it may elect in its sole discretion. 
 As of the Effective Date, the Existing Letters of Credit shall be
deemed “Letters of Credit” hereunder and shall be subject to the terms and provisions set forth herein. 

(b)    Participations. Upon the date of the issuance or increase of a Letter of Credit or the conversion of an
Existing Letter of Credit to a Letter of Credit, the Issuing Bank shall be deemed to have sold to each other Bank and each other Bank shall have been deemed to have purchased from the Issuing Bank a participation in the related Letter of Credit
Obligations equal to such Bank’s Pro Rata Share at such date and such sale and purchase shall otherwise be in accordance with the terms of this Agreement. The Issuing Bank shall promptly notify each such participant Bank by telex, telephone, or
telecopy of each Letter of Credit issued, increased, or extended or converted and the actual dollar amount of such Bank’s participation in such Letter of Credit. 

(c)    Issuing. Each Letter of Credit shall be issued, increased, or extended pursuant to a Letter of Credit
Application (or by telephone notice promptly confirmed in writing by a Letter of Credit Application), given not later than 10:00 a.m. (Dallas, Texas time) on the fifth Business Day before the date of the proposed issuance, increase, or
extension of the Letter of Credit, and the Agent shall give to each Bank prompt notice thereof by telex, telephone, or telecopy. Each Letter of Credit Application shall be given by telecopier or telex, confirmed immediately in writing, specifying
the information required therein. After the Agent’s receipt of such Letter of Credit Application and upon fulfillment of the applicable conditions set forth in Article III, the Agent shall issue, increase, or extend such Letter of Credit for
the account of the Borrower. Each Letter of Credit Application shall be irrevocable and binding on the Borrower. 

(d)    Reimbursement. The Borrower hereby agrees to pay on demand to the Issuing Bank an amount equal to any amount
paid by the Issuing Bank under any Letter of Credit. In the event the Issuing Bank makes a payment pursuant to a request for draw presented under a Letter of Credit and such payment is not promptly reimbursed by the Borrower upon demand, the Issuing
Bank shall give the Agent notice of the Borrower’s failure to make such reimbursement and the Agent shall promptly notify each Bank of the amount necessary to reimburse the Issuing Bank. Upon such notice from the Agent, each Bank shall promptly
reimburse the Issuing Bank 

  
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for such Bank’s Pro Rata Share of such amount (and the Agent may make available Cash Collateral provided for this purpose), and such reimbursement shall be deemed for all purposes of this
Agreement to be an Advance to the Borrower transferred at the Borrower’s request to the Issuing Bank. If such reimbursement is not made by any Bank to the Issuing Bank on the same day on which the Agent notifies such Bank to make reimbursement
to the Issuing Bank hereunder, such Bank shall pay interest on its Pro Rata Share thereof to the Issuing Bank at a rate per annum equal to the Federal Funds Rate. The Borrower hereby unconditionally and irrevocably authorizes, empowers, and directs
the Agent and the Banks to record and otherwise treat such reimbursements to the Issuing Bank as Base Rate Advances under a Borrowing requested by the Borrower to reimburse the Issuing Bank which have been transferred to the Issuing Bank at the
Borrower’s request. 
 (e)    Obligations Unconditional. The obligations of the Borrower under this
Agreement in respect of each Letter of Credit shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including, without limitation, the following circumstances: 

(i)    any lack of validity or enforceability of any Letter of Credit Documents; 

(ii)    any amendment or waiver of, or any consent to departure from, any Letter of Credit Documents; 

(iii)    the existence of any claim, setoff, defense, or other right which the Borrower may have at any
time against any beneficiary or transferee of such Letter of Credit (or any Persons for whom any such beneficiary or any such transferee may be acting), the Issuing Bank, or any other person or entity, whether in connection with this Agreement, the
transactions contemplated in this Agreement or in any Letter of Credit Documents, or any unrelated transaction; 

(iv)    any statement or any other document presented under such Letter of Credit proving to be forged,
fraudulent, invalid, or insufficient in any respect or any statement therein being untrue or inaccurate in any respect to the extent the Issuing Bank would not be liable therefor pursuant to the following clause (f) of this
Section 2.6; or 
 (v)    payment by the Issuing Bank under such Letter of
Credit against presentation of a draft or certificate which does not comply with the terms of such Letter of Credit; 
 provided, however,
that nothing contained in this clause (e) shall be deemed to constitute a waiver of any remedies of the Borrower in connection with the Letters of Credit or the Borrower’s rights under Section 2.6(f) below. 

(f)    Liability of Issuing Bank. The Borrower assumes all risks of the acts or omissions of any beneficiary or
transferee of any Letter of Credit with respect to its use of such Letter of Credit. Neither the Issuing Bank nor any of its officers or directors shall be liable or responsible for: 

(i)    the use which may be made of any Letter of Credit or any acts or omissions of any beneficiary or
transferee in connection therewith; 

  
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 (ii)    the validity, sufficiency, or genuineness of
documents, or of any endorsement thereon, even if such documents should prove to be in any or all respects invalid, insufficient, fraudulent, or forged; 

(iii)    payment by the Issuing Bank against presentation of documents which do not comply with the terms
of a Letter of Credit, including failure of any documents to bear any reference or adequate reference to the relevant Letter of Credit; or 

(iv)    any other circumstances whatsoever in making or failing to make payment under any Letter of Credit
(INCLUDING THE ISSUING BANK’S OWN NEGLIGENCE), 
 except that the Borrower shall have a claim against the Issuing Bank, and the Issuing
Bank shall be liable to the Borrower, to the extent of any direct, as opposed to consequential, damages suffered by the Borrower which the Borrower proves were caused by (A) the Issuing Bank’s willful misconduct or gross negligence in
determining whether documents presented under a Letter of Credit comply with the terms of such Letter of Credit or (B) the Issuing Bank’s willful failure to make lawful payment under any Letter of Credit after the presentation to it of a
draft and certificate strictly complying with the terms and conditions of such Letter of Credit. In furtherance and not in limitation of the foregoing, the Issuing Bank may accept documents that appear on their face to be in order, without
responsibility for further investigation, regardless of any notice or information to the contrary. 

Section 2.7.    Fees. 

(a)    Commitment Fees. 

(i)    Subject to Section 2.16(a)(iii), the Borrower agrees to pay to the Agent
for the account of each Bank a commitment fee per annum equal to the Applicable Margin for commitment fees in effect from time to time on the average daily amount by which such Bank’s Pro Rata Share of the Borrowing Base exceeds the sum of such
Bank’s outstanding Advances and such Bank’s Pro Rata Share of the Letter of Credit Exposure, from the Effective Date until the Maturity Date. 

(ii)    The commitment fees shall be due and payable quarterly in arrears on the last day of each March,
June, September, and December during the term of this Agreement and on the Maturity Date. 
 (b)    Agent and
Arranger Fees. The Borrower agrees to pay to Bank of America as Agent and Arranger for its own account the arrangement fee and the annual administrative agent fees described in the Fee Letter. 

(c)    Bank Fees. The Borrower agrees to pay to the Agent for the benefit of the Banks on the Effective Date, the
amendment fee described in the Fee Letter and any fees agreed to between the Borrower and the Banks in writing. 

  
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 (d)    Letter of Credit Fees. 

(i)    The Borrower agrees to pay (A) to the Agent for the pro rata benefit of the Banks a per
annum fee for each Letter of Credit issued hereunder equal to the Applicable Margin for Eurodollar Advances on the face amount of such Letter of Credit, but with a minimum annual fee of $1,000 on each Letter of Credit (collectively, the
“Letter of Credit Fees”); provided, however, any Letter of Credit Fees otherwise payable for the account of a Defaulting Bank with respect to any Letter of Credit as to which such Defaulting Bank has not provided Cash
Collateral satisfactory to the Issuing Bank pursuant to this Section 2.7 shall be payable, to the maximum extent permitted by applicable Legal Requirements, to the other Banks in accordance with the upward adjustments in
their respective Pro Rata Share allocable to such Letter of Credit pursuant to Section 2.16(a)(iv), with the balance of such fee, if any, payable to the Issuing Bank for its own account and (B) to the Agent for the
benefit of the Issuing Bank a fronting fee for each Letter of Credit equal to 0.125 % per annum of the face amount of such Letter of Credit, but with a minimum annual fee of $1,000 on each
Letter of Credit. Each such fee with respect to a Letter of Credit shall be payable quarterly in arrears for the period such Letter of Credit is outstanding, and on the Maturity Date. 

(ii)    The Borrower agrees to pay to the Issuing Bank for its own account the customary issuance,
presentation, amendment, and other processing fees, and other standard costs and charges, of the Issuing Bank relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on
demand and are nonrefundable. 
 Section 2.8.    Interest. The Borrower shall pay interest on the unpaid
principal amount of each Advance made by each Bank from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum: 

(a)    Base Rate Advances. If such Advance is a Base Rate Advance, a rate per annum equal at all times to the Base
Rate in effect from time to time plus the Applicable Margin in effect from time to time, payable in arrears on the last day of March, June, September, and December and on the date such Base Rate Advance shall be paid in full; provided
that any amount of principal which is not paid when due (whether at stated maturity, by acceleration, or otherwise) shall bear interest from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per
annum equal at all times to the Base Rate in effect from time to time plus the Applicable Margin plus 2.00% per annum. 

(b)    Eurodollar Rate Advances. If such Advance is a Eurodollar Rate Advance, a rate per annum equal at all times
during the Interest Period for such Advance to the Eurodollar Rate for such Interest Period plus the Applicable Margin in effect from time to time, payable on the last day of such Interest Period, and, in the case of Interest Periods that are
longer than three months, every three months and on the last day of such Interest Period; provided that any amount of principal which is not paid when due (whether at stated maturity, by acceleration, or otherwise) shall bear interest from
the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal to (i) until the end of the relevant Interest Period, the Eurodollar Rate in effect from time to time plus the Applicable
Margin plus 2.00% per annum and (ii) thereafter, the Base Rate in effect from time to time plus the Applicable Margin plus 2.00% per annum. 

  
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 (c)    Additional Interest on Eurodollar Rate Advances. The Borrower
shall pay to each Bank, so long as any such Bank shall be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on
the unpaid principal amount of each Eurodollar Rate Advance of such Bank, from the effective date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by
subtracting (i) the Eurodollar Rate for the Interest Period for such Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Bank for
such Interest Period, payable on each date on which interest is payable on such Advance. Such additional interest payable to any Bank shall be determined by such Bank and notified to the Borrower through the Agent (such notice to include the
calculation of such additional interest, which calculation shall be conclusive in the absence of manifest error). 

(d)    Usury. 

(i)    If, with respect to any Bank, the effective rate of interest contracted for under the Credit
Documents, including the stated rates of interest and fees contracted for hereunder and any other amounts contracted for under the Credit Documents which are deemed to be interest, at any time exceeds the maximum lawful rate that may be contracted
for, charged, taken, received or reserved (the “Maximum Rate”) by such Bank in accordance with applicable Legal Requirements, then the outstanding principal amount of the loans made by such Bank hereunder shall bear interest at a
rate which would make the effective rate of interest for such Bank under the Credit Documents equal the Maximum Rate until the difference between the amounts which would have been due at the stated rates and the amounts which were due at the Maximum
Rate (the “Lost Interest”) has been recaptured by such Bank. 
 (ii)    If, when the
loans made hereunder are repaid in full, the Lost Interest has not been fully recaptured by such Bank pursuant to the preceding clause (i) of this Section 2.8(d), then, to the extent permitted by
law, for the loans made hereunder by such Bank the interest rates charged under Section 2.8 hereunder shall be retroactively increased such that the effective rate of interest under the Credit Documents was at the Maximum
Rate since the effectiveness of this Agreement to the extent necessary to recapture the Lost Interest not recaptured pursuant to the preceding sentence and, to the extent allowed by law, the Borrower shall pay to such Bank the amount of the Lost
Interest remaining to be recaptured by such Bank. 
 (iii)    In calculating all sums paid or agreed to
be paid to any Bank by the Borrower for the use, forbearance, or detention of money under the Credit Documents, such amounts shall, to the extent permitted by applicable law, be amortized, prorated, allocated, and spread in equal parts throughout
the term of the Credit Documents. 

  
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 (iv)    Notwithstanding the foregoing or any other term in
this Agreement and the Credit Documents to the contrary, it is the intention of each Bank and the Borrower to conform strictly to any applicable usury laws. Accordingly, if any Bank contracts for, charges, or receives any consideration which
constitutes interest in excess of the Maximum Rate, then (A) the provisions of this Section 2.8 shall control, and (B) any such excess shall be canceled automatically and, if previously paid, shall at such
Bank’s option be applied to the outstanding amount of the loans made hereunder by such Bank or be refunded to the Borrower. 

Section 2.9.    Payments and Computations. 

(a)    Payment Procedures. The Borrower shall make each payment under this Agreement and under the Notes not later
than 10:00 a.m. (Dallas, Texas time) on the day when due in Dollars to the Agent at 901 Main Street, 14th Floor, Dallas, Texas 75202 (or such other location as the Agent shall designate in writing to the Borrower), in same day funds. The Agent
shall promptly thereafter cause to be distributed like funds relating to the payment of principal, interest or fees ratably (other than amounts payable solely to the Agent, the Issuing Bank, or a specific Bank pursuant to
Section 2.7, 2.8(c), 2.11, 2.12, 2.13, 8.12, or 9.7, but after taking into account payments effected pursuant to Section 9.4) to the Banks for the account
of their respective Lending Offices, and like funds relating to the payment of any other amount payable to any Bank or the Issuing Bank to such Bank for the account of its Lending Office, in each case to be applied in accordance with the terms of
this Agreement. 
 (b)    Computations. All computations of interest based on the Base Rate shall be made by the
Agent on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the Eurodollar Rate and the Federal Funds Rate and of fees shall be made by the Agent, on the basis of a year of 360 days, in each case
for the actual number of days (including the first day, but excluding the last day) occurring in the period for which such interest or fees are payable. Each determination by the Agent of an interest rate or fee shall be conclusive and binding for
all purposes, absent manifest error. 
 (c)    Non-Business Day Payments.
Whenever any payment shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or
fees, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of Eurodollar Rate Advances to be made in the next following calendar month, such payment shall be made on the next
preceding Business Day. 
 (d)    Agent Reliance. Unless the Agent shall have received written notice from the
Borrower prior to the date on which any payment is due to the Banks that the Borrower shall not make such payment in full, the Agent may assume that the Borrower has made such payment in full to the Agent on such date and the Agent may, in reliance
upon such assumption, cause to be distributed to each Bank on such date an amount equal to the amount then due such Bank. If and to the extent the Borrower shall not have so made such payment in full to the Agent, each Bank shall repay to the Agent
forthwith on demand such amount distributed to such Bank, together with interest, for each day from the date such amount is distributed to such Bank until the date such Bank repays such amount to the Agent, at the Federal Funds Rate for such day.

  
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 Section 2.10.    Sharing of Payments, Etc. If any Bank shall, by
exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of (a) Obligations due and payable to such Bank hereunder and under the other Credit Documents at such time in excess of its ratable share (according to the
proportion of (i) the amount of such Obligations due and payable to such Bank at such time to (ii) the aggregate amount of the Obligations due and payable to all Banks hereunder and under the other Credit Documents at such time) of
payments on account of the Obligations due and payable to all Banks hereunder and under the other Credit Documents at such time obtained by all the Banks at such time or (b) Obligations owing (but not due and payable) to such Bank hereunder and
under the other Credit Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations owing (but not due and payable) to such Bank at such time to (ii) the aggregate amount of the
Obligations owing (but not due and payable) to all Banks hereunder and under the other Credit Parties at such time) of payment on account of the Obligations owing (but not due and payable) to all Banks hereunder and under the other Credit Documents
at such time obtained by all of the Banks at such time then the Bank receiving such greater proportion shall (a) notify the Agent of such fact, and (b) purchase (for cash at face value) participations in the Advances and subparticipations
in Letter of Credit Obligations of the other Banks, or make such other adjustments (including, if acceptable to the Agent in its sole discretion, assignments of Advances in lieu of participations) as shall be equitable, so that the benefit of all
such payments shall be shared by the Banks ratably in accordance with the aggregate amount of Obligations then due and payable to the Banks or owing (but not due and payable) to the Banks, as the case may be, provided that: 

(a)    if any such participations (or assignments) or subparticipations are purchased and all or any portion of the
payment giving rise thereto is recovered, such participations (or assignments) or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 

(b)    the provisions of this Section 2.10 shall not be construed to apply to (x) any
payment made by or on behalf of the Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Bank), (y) the application of Cash Collateral
provided for in Section 2.15, or (z) any payment obtained by a Bank as consideration for the assignment of or sale of a participation in any of its Advances or subparticipations in Letter of Credit Obligations to any
assignee or participant, other than an assignment to the Borrower or any Subsidiary thereof (as to which the provisions of this Section 2.10 shall apply). 

The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Bank acquiring a participation (or
taking an assignment) pursuant to the foregoing arrangements may exercise against the Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Bank were a direct creditor of the Borrower in the amount of such
participation. 
 Section 2.11.    Compensation for Losses. Upon demand of any Bank (with a copy to the
Agent) from time to time, the Borrower shall promptly compensate such Bank for and hold such Bank harmless from any loss, cost or expense incurred by it as a result of: 

(a)    any continuation, conversion, payment or prepayment of any Advance other than a Base Rate Advance on a day other
than the last day of the Interest Period for such Advance (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 

  
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 (b)    any failure by the Borrower (for a reason other than the failure of
such Bank to make an Advance) to prepay, borrow, continue or convert any Advance other than a Base Rate Advance on the date or in the amount notified by the Borrower; or 

(c)    any assignment of a Eurodollar Rate Advance on a day other than the last day of the Interest Period therefor as a
result of a request by the Borrower pursuant to Section 9.13; 
 including any loss or expense arising from the
liquidation or reemployment of funds obtained by it to maintain such Advance or from fees payable to terminate the deposits from which such funds were obtained. The Borrower shall also pay any customary administrative fees charged by such Bank in
connection with the foregoing. 
 For purposes of calculating amounts payable by the Borrower to the Banks under this
Section 2.11, each Bank shall be deemed to have funded each Eurodollar Rate Advance made by it at the Eurodollar Rate for such Advance by a matching deposit or other borrowing in the London interbank eurodollar market for a
comparable amount and for a comparable period, whether or not such Eurodollar Rate Advance was in fact so funded. 

Section 2.12.    Increased Costs. 

(a)    Advances Determined by Reference to Eurodollar Rate. If any Change in Law shall (i) impose, modify or
deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Bank (except the Eurodollar Rate Reserve
Percentage) or the Issuing Bank; (ii) subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection Income
Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or (iii) impose on any Bank or the Issuing Bank or the London interbank
market any other condition, cost or expense (other than Taxes) affecting this Agreement or Advances made by such Bank or any Letter of Credit or participation therein; and the result of any of the foregoing shall be to increase the cost to such Bank
or such other Recipient of making, converting to, continuing or maintaining any Advance or of maintaining its obligation to make any such Advance, or to increase the cost to such Bank, the Issuing Bank or such other Recipient of participating in,
issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Bank, the Issuing Bank or other Recipient hereunder
(whether of principal, interest or any other amount) then, upon request of such Bank, the Issuing Bank or other Recipient, the Borrower will pay to such Bank, the Issuing Bank or other Recipient, as the case may be, such additional amount or amounts
as will compensate such Bank, the Issuing Bank or other Recipient, as the case may be, for such additional costs incurred or reduction suffered 

  
 49 

 (b)    Capital Adequacy. If any Bank or the Issuing Bank determines in
good faith that any Change in Law affecting such Bank or the Issuing Bank or any lending office of such Bank or such Bank’s or the Issuing Bank’s holding company, if any, regarding capital or liquidity requirements, has or would have the
effect of reducing the rate of return on such Bank’s or the Issuing Bank’s capital or on the capital of such Bank’s or the Issuing Bank’s holding company, if any, as a consequence of this Agreement, the Commitments of such Bank
or the Advances made by, or participations in Letters of Credit held by, such Bank, or the Letters of Credit issued by the Issuing Bank, to a level below that which such Bank or the Issuing Bank or such Bank’s or the Issuing Bank’s holding
company could have achieved but for such Change in Law (taking into consideration such Bank’s or the Issuing Bank’s policies and the policies of such Bank’s or the Issuing Bank’s holding company with respect to capital adequacy),
then from time to time the Borrower will pay to such Bank or the Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Bank or the Issuing Bank or such Bank’s or the Issuing Bank’s holding company for
any such reduction suffered. 
 (c)    Letters of Credit. If any change in any law or regulation or in the
interpretation thereof after the date hereof by any court or administrative or Governmental Authority charged with the administration thereof shall either (i) impose, modify, or deem applicable any reserve, special deposit, or similar
requirement against letters of credit issued by, or assets held by, or deposits in or for the account of, the Issuing Bank or (ii) impose on the Issuing Bank any other condition regarding the provisions of this Agreement relating to the Letters
of Credit or any Letter of Credit Obligations (including increased reserve or similar requirements), and the result of any event referred to in the preceding clause (i) or (ii) shall be to increase the cost to the Issuing Bank of issuing
or maintaining any Letter of Credit (which increase in cost shall be determined by the Issuing Bank’s reasonable allocation of the aggregate of such cost increases resulting from such event), then, upon demand by the Issuing Bank, the Borrower
shall pay to the Issuing Bank, from time to time as specified by the Issuing Bank, additional amounts which shall be sufficient to compensate the Issuing Bank for such increased cost. A certificate as to such increased cost incurred by the Issuing
Bank, as a result of any event mentioned in clause (i) or (ii) above, and detailing the calculation of such increased costs submitted by the Issuing Bank to the Borrower, shall be conclusive and binding for all purposes, absent manifest
error. 
 (d)    Delay in Requests. Failure or delay on the part of any Bank or the Issuing Bank to demand
compensation pursuant to this Section 2.12 shall not constitute a waiver of such Bank’s or the Issuing Bank’s right to demand such compensation; provided that the Borrower shall not be required to
compensate a Bank or the Issuing Bank pursuant to this Section 2.12 for any increased costs incurred or reductions suffered more than 180 days prior to the date that such Bank or the Issuing Bank, as the case may be,
notifies the Borrower of the Change in Law giving rise to such increased costs or reductions, and of such Bank’s or the Issuing Bank’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such
increased costs or reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof). 

Section 2.13.    Taxes. 

(a)    Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. Any and all payments by or on
account of any obligation of the Credit Parties under any Credit 

  
 50 

 
Document shall be made without deduction or withholding for any Taxes, except as required by applicable Legal Requirements. If Legal Requirements (as determined in the good faith discretion of an
applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full
amount deducted or withheld to the relevant Governmental Authority in accordance with such Legal Requirements and, if such Tax is an Indemnified Tax, then the sum payable by the applicable Credit Party shall be increased as necessary so that after
such deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section 2.13) the applicable Recipient receives an amount equal to the sum it would
have received had no such deduction or withholding been made. 
 (b)    Payment of Other Taxes by the Borrower.
Without limiting the provisions of clause (a) of this Section 2.13 above, the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable Legal
Requirements or at the option of the Agent timely reimburse it for the payment of, any Other Taxes. 
 (c)    Tax
Indemnifications. 
 (i)    Without limiting the provisions of clause (a)
or (b) of this Section 2.13 above, the Borrower shall, and does hereby, indemnify the Agent, each Bank and the Issuing Bank, and shall make payment in respect thereof within 10 days after demand therefor, for
the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 2.13) withheld or deducted by the Borrower or the Agent or paid by the
Agent, such Bank or the Issuing Bank, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the
relevant Governmental Authority. The Borrower shall also, and does hereby, indemnify the Agent, and shall make payment in respect thereof within 10 days after demand therefor, for any amount which a Bank or the Issuing Bank for any reason fails
to pay to the Agent as required by clause (ii) of this Section 2.13(c), net of any amounts the Agent has received as a set off against such Bank or Issuing Bank pursuant to
clause (ii) of this Section 2.13(c); provided that such indemnity shall not be available to the extent that such payment is determined by a court of competent jurisdiction by final and
nonappealable judgment to have resulted from the gross negligence or willful misconduct of the Agent; and provided further that, if the Borrower is required to directly indemnify the Agent pursuant to this sentence, the Agent shall
take all steps reasonably requested by the Borrower in order to ensure that the Borrower is subrogated to the Agent’s right to collect from the applicable Bank or Issuing Bank. Prior to seeking indemnity from the Borrower under the immediately
preceding sentence, the Agent shall make demand upon the applicable Bank or Issuing Bank for such amounts owed and shall use commercially reasonable efforts to exercise any then available set off rights against such Bank or Issuing Bank to satisfy
such amounts owed. A certificate as to the amount of any such payment or liability delivered to the Borrower by a Bank or the Issuing Bank (with a copy to the Agent), or by the Agent on its own behalf or on behalf of a Bank or the Issuing Bank,
shall be conclusive absent manifest error. Notwithstanding anything to the contrary herein, the Borrower shall not be 

  
 51 

 
required to compensate the Agent, any Bank or the Issuing Bank pursuant to this Section 2.13 for any Indemnified Taxes unless such Agent, Bank or Issuing Bank requests
compensation from the Borrower no later than 180 days after the earlier of (i) the date on which the relevant Governmental Authority makes written demand upon such Agent, Bank or Issuing Bank for payment of such Indemnified Taxes, and
(ii) the date on which such Agent, Bank or Issuing Bank has made payment of such Indemnified Taxes (except that, if the circumstances giving rise to such Indemnified Taxes are retroactive in effect, then the
180-day period referred to above shall be extended to include the period of retroactive effect thereof). 

(ii)    Without limiting the provisions of clause (a) or (b) of this
Section 2.13 above, each Bank and the Issuing Bank shall, and does hereby, indemnify the Borrower and the Agent, and shall make payment in respect thereof within 30 days after demand therefor, against any and all Taxes and
any and all related losses, claims, liabilities, penalties, interest and expenses (including the fees, charges and disbursements of any counsel for the Borrower or the Agent) incurred by or asserted against the Borrower or the Agent by any
Governmental Authority as a result of the failure by such Bank or the Issuing Bank, as the case may be, to deliver, or as a result of the inaccuracy, inadequacy or deficiency of, any documentation required to be delivered by such Bank or the Issuing
Bank, as the case may be, to the Borrower or the Agent pursuant to clause (e) of this Section 2.13. A certificate as to the amount of any such payment or liability delivered to a Bank or the
Issuing Bank by the Borrower or the Agent shall be conclusive absent manifest error. Each Bank and the Issuing Bank hereby authorizes the Agent to set off and apply any and all amounts at any time owing to such Bank or the Issuing Bank, as the case
may be, under this Agreement or any other Credit Document against any amount due to the Agent under this clause (ii). The agreements in this clause (ii) shall survive the resignation and/or replacement of the
Agent, any assignment of rights by, or the replacement of, a Bank or the Issuing Bank, the termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations. 

(d)    Evidence of Payments. Upon request by the Borrower or the Agent, as the case may be, after any payment of
Taxes by the Borrower or by the Agent to a Governmental Authority as provided in this Section 2.13, the Borrower shall deliver to the Agent or the Agent shall deliver to the Borrower, as the case may be, the original or a
certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of any return required by Legal Requirements to report such payment or other evidence of such payment reasonably satisfactory to the Borrower or the
Agent, as the case may be. 
 (e)    Status of Banks; Tax Documentation. 

(i)    Any Bank that is entitled to an exemption from or reduction of withholding Tax with respect to
payments made under any Credit Document shall deliver to the Borrower and the Agent, at the time or times reasonably requested by the Borrower or the Agent, such properly completed and executed documentation reasonably requested by the Borrower or
the Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Bank, if reasonably requested by the Borrower or the Agent, shall deliver such other documentation

  
 52 

 
prescribed by applicable law or reasonably requested by the Borrower or the Agent as will enable the Borrower or the Agent to determine whether or not such Bank is subject to backup withholding
or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in
Section 2.13(e)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if in the Bank’s reasonable judgment such completion, execution or submission would subject such Bank to any material unreimbursed
cost or expense or would materially prejudice the legal or commercial position of such Bank. 

(ii)    Without limiting the generality of the foregoing, 

(A)    any Bank that is a U.S. Person shall deliver to the Borrower and the Agent executed originals of
Internal Revenue Service Form W-9 (or applicable successor form) or such other documentation or information prescribed by applicable Legal Requirements or reasonably requested by the Borrower or the Agent as
will enable the Borrower or the Agent, as the case may be, to determine whether or not such Bank is subject to backup withholding or information reporting requirements; 

(B)    each Foreign Bank that is entitled under the Code or any applicable treaty to an exemption from or
reduction of U.S. withholding Tax with respect to payments hereunder or under any other Credit Document shall deliver to the Borrower and the Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which
such Foreign Bank becomes a Bank under this Agreement (and from time to time thereafter upon the request of the Borrower or the Agent, but only if such Foreign Bank is legally entitled to do so), whichever of the following is applicable: 

(I.)    in the case of a Foreign Bank claiming the benefits of an income tax treaty to which the United
States is a party (x) with respect to payments of interest under any Credit Document, executed originals of IRS Form W-8BEN or IRS Form
W-8BEN-E (or applicable successor form) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of
such tax treaty and (y) with respect to any other applicable payments under any Credit Document, IRS Form W-8BEN or IRS Form
W-8BEN-E (or applicable successor form) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or
“other income” article of such tax treaty; 
 (II.)    executed originals of Internal Revenue
Service Form W-8ECI (or applicable successor form), 

(III.)    in the case of a Foreign Bank claiming the benefits of the exemption for portfolio interest
under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit K-1 to the effect that such 

  
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Foreign Bank is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning of
Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E (or applicable successor form); or 

(IV.)    to the extent a Foreign Bank is not the beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN or IRS Form
W-8BEN-E (or applicable successor forms), a U.S. Tax Compliance Certificate substantially in the form of Exhibit K-2 or Exhibit K-3, IRS Form W-9 (or applicable successor form), and/or other certification documents from each beneficial owner, as applicable; provided that if the
Foreign Bank is a partnership and one or more direct or indirect partners of such Foreign Bank are claiming the portfolio interest exemption, such Foreign Bank may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit K-4 on behalf of each such direct and indirect partner; 

(C)    executed originals of any other form prescribed by applicable Legal Requirements as a basis for
claiming exemption from or a reduction in United States Federal withholding Tax together with such supplementary documentation as may be prescribed by applicable Legal Requirements to permit the Borrower or the Agent to determine the withholding or
deduction required to be made. 
 (D)    if a payment made to a Recipient under any Credit Document would
be subject to U.S. federal withholding Tax imposed by FATCA if such Recipient were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such
Recipient shall deliver to the Borrower or the Agent (as applicable) at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Agent such documentation prescribed by applicable Legal Requirement
(including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Agent as may be necessary for the Borrower and the Agent to comply with their obligations under
FATCA and to determine that such Recipient has complied with such Bank’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D),
“FATCA” shall include any amendments made to FATCA after the Effective Date. 
 (iii)    Each
Recipient agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Agent in writing of its legal
inability to do so. 

  
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 (f)    Treatment of Certain Refunds. Unless required by applicable
Legal Requirements, at no time shall the Agent have any obligation to file for or otherwise pursue on behalf of a Bank or the Issuing Bank, or have any obligation to pay to any Bank or the Issuing Bank, any refund of Taxes withheld or deducted from
funds paid for the account of such Bank or the Issuing Bank, as the case may be. If any party determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified pursuant to this
Section 2.13 (including by the payment of additional amounts pursuant to this Section 2.13), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of
indemnity payments made under this Section 2.13 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses
(including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to
such indemnified party the amount paid over pursuant to this clause (f) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to
repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this clause (f), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this
clause (f) the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to
indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This clause (f) shall
not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person. 

(g)    Survival. Each party’s obligations under this Section 2.13 shall survive the
resignation or replacement of the Agent or any assignment of rights by, or the replacement of, a Bank or the Issuing Bank, the termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations. 

(h)    Defined Terms. For purposes of this Section 2.13, the term “Bank” includes any Issuing Bank
and the term “Legal Requirements” includes FATCA. 
 Section 2.14.    Inability to Determine
Rates. If in connection with any request for Eurodollar Rate Advances or a conversion to or continuation thereof (a) the Agent determines that (i) Dollar deposits are not being offered to banks in the London interbank Eurodollar market
for the applicable amount and Interest Period of such Eurodollar Rate Advances, or (ii) adequate and reasonable means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to such proposed Eurodollar
Rate Advance or in connection with an existing or proposed Base Rate Advance (in each case with respect to clause (a) (i) above, “Impacted Advances”), or (b) the Agent or the Majority Banks determine that for any
reason the Eurodollar Rate for any requested Interest Period with respect to such proposed Eurodollar Rate Advance does not adequately and fairly reflect the cost to such Banks of funding such Advance, the Agent will promptly so notify the Borrower
and each Bank. Thereafter, (x) the obligation of the Banks to make Eurodollar Rate Advances, or effect any conversion thereto or continuation thereof, shall be suspended, and (y) in the event of a determination described in the preceding
sentence with respect to the Eurodollar Rate component of the Base Rate, the utilization of the Eurodollar 

  
 55 

 
Rate component in determining the Base Rate shall be suspended, in each case until the Agent (upon the instruction of the Majority Banks) revokes such notice. Upon receipt of such notice, the
Borrower may revoke, without premium or penalty, any pending request for an Advance of, conversion to or continuation of Eurodollar Rate Advances or, failing that, will be deemed to have converted such request into a request for Advances bearing
interest based upon the Base Rate in the amount specified therein. 
 Notwithstanding the foregoing, if the Agent has made the determination
described in clause (a) (i) of this Section 2.14, the Agent, in consultation with the Borrower and the affected Banks, may establish an alternative interest rate for the Impacted Advances, in which case, such
alternative rate of interest shall apply with respect to the Impacted Advances until (1) the Agent revokes the notice delivered with respect to the Impacted Advances under clause (a) of the first sentence of this
Section 2.14, (2) the Agent or the Majority Banks notify the Agent and the Borrower that such alternative interest rate does not adequately and fairly reflect the cost to such Banks of funding the Impacted Advances, or
(3) any Bank determines that any Legal Requirement has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for such Bank or its applicable Lending Office to make, maintain or fund Advances whose interest is
determined by reference to such alternative rate of interest or to determine or charge interest rates based upon such rate or any Governmental Authority has imposed material restrictions on the authority of such Bank to do any of the foregoing and
provides the Agent and the Borrower written notice thereof. 
 Section 2.15.    Cash Collateral. 

(a)    Certain Credit Support Events. If (i) the Issuing Bank has honored any full or partial drawing request
under any Letter of Credit and such drawing has resulted in a Reimbursement Obligation, (ii) as of the Letter of Credit Expiration Date, any Letter of Credit Exposure for any reason remains outstanding, (iii) the Borrower shall be required
to provide Cash Collateral pursuant to Section 7.2(b) or 7.3(b), or (iv) there shall exist a Defaulting Bank, the Borrower shall immediately (in the case of clause (iii) above or within one Business Day (in
all other cases) following any request by the Agent or Issuing Bank (with a copy to the Agent)) provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant
to clause (iv) above, after giving effect to Section 2.16(a)(iv) and any Cash Collateral provided by such Defaulting Bank). If at any time the Agent determines that any funds held as Cash Collateral are subject to any
right or claim of any Person other than the Agent or that the total amount of such funds is less than the aggregate amount of all Letter of Credit Obligations, the Borrower will, forthwith upon demand by the Agent, pay to the Agent, as additional
funds to be deposited as Cash Collateral, an amount equal to the excess of (x) such aggregate amount of Letter of Credit Obligations over (y) the total amount of funds, if any, then held as Cash Collateral that the Agent determines to be
free and clear of any such right and claim. Upon the drawing of any Letter of Credit for which funds are on deposit as Cash Collateral, such funds shall be applied, to the extent permitted under applicable Legal Requirements, to reimburse the
Issuing Bank. 
 (b)    Grant of Security Interest. If the Borrower is required to deposit funds in the Cash
Collateral Account pursuant to Sections 2.4(b), 2.6, 2.15, 2.16, 7.2(b), or 7.3(b), then the Borrower and the Agent shall establish the Cash Collateral Account and the Borrower shall

  
 56 

 
execute any documents and agreements, including the Agent’s standard form assignment of deposit accounts, that the Agent requests in connection therewith to establish the Cash Collateral
Account and grant the Agent a first priority perfected security interest in such account and the funds therein. The Borrower, and to the extent provided by any Defaulting Bank, such Defaulting Bank, hereby grants to (and subjects to the control of)
the Agent, for the benefit of the Issuing Bank, and agrees to maintain, a first priority security interest in all such cash, deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and in all
proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant to clause (c) of this Section 2.15 below. If at any time the Agent determines
that Cash Collateral is subject to any right or claim of any Person other than the Agent and the Issuing Bank as herein provided (other than Permitted Liens), or that the total amount of such Cash Collateral is less than the Minimum Collateral
Amount, the Borrower will, promptly upon demand by the Agent, pay or provide to the Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency. Cash Collateral (other than credit support not constituting funds subject to
deposit) shall be maintained in one or more Cash Collateral Accounts. The Borrower shall pay on demand therefor from time to time all customary account opening, activity and other administrative fees and charges in connection with the maintenance
and disbursement of Cash Collateral. 
 (c)    Application. Notwithstanding anything to the contrary contained in
this Agreement, Cash Collateral provided under any of Sections 2.4(b), 2.6, 2.15(a), 2.16, 7.2(b), or 7.3(b) in respect of Letters of Credit shall be held and applied to the satisfaction
of the specific Letter of Credit Exposure, obligations to fund participations therein (including, as to Cash Collateral provided by a Defaulting Bank, any interest accrued on such obligation) and other obligations for which the Cash Collateral was
so provided, prior to any other application of such property as may be provided for herein. 
 (d)    Release.
Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or to secure other obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving
rise thereto (including by the termination of Defaulting Bank status of the applicable Bank (or, as appropriate, its assignee following compliance with Section 9.6(b)(vi))) or (ii) the Agent’s good faith
determination that there exists excess Cash Collateral; provided, however, (x) that Cash Collateral furnished by or on behalf of a Credit Party shall not be released during the continuance of a Default or Event of Default (and
following application as provided in this Section 2.15 may be otherwise applied in accordance with Section 7.7), and (y) the Person providing Cash Collateral and the Issuing Bank, may agree
that Cash Collateral shall not be released but instead held to support future anticipated Fronting Exposure or other obligations. 

Section 2.16.    Defaulting Banks. 

(a)    Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Bank becomes a
Defaulting Bank, then, until such time as such Bank is no longer a Defaulting Bank, to the extent permitted by applicable Legal Requirements: 

(i)    Waivers and Amendments. Such Defaulting Bank’s right to approve or disapprove any
amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 9.1, and in the definitions of “Majority Banks” and “Required Banks”. 

  
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 (ii)    Defaulting Lender Waterfall. Any payment of
principal, interest, fees or other amounts received by the Agent for the account of such Defaulting Bank (whether voluntary or mandatory, at maturity, pursuant to Article VII or otherwise) or received by the Agent from a Defaulting Bank
pursuant to Section 7.4 shall be applied at such time or times as may be determined by the Agent as follows: first, to the payment of any amounts owing by such Defaulting Bank to the Agent hereunder; second,
to the payment on a pro rata basis of any amounts owing by such Defaulting Bank to the Issuing Bank hereunder; third, to Cash Collateralize the Issuing Banks’ Fronting Exposure with respect to such Defaulting Bank in accordance
with Section 2.15; fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Advance in respect of which such Defaulting Bank has failed to fund its portion thereof
as required by this Agreement, as determined by the Agent; fifth, if so determined by the Agent and the Borrower, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Bank’s potential
future funding obligations with respect to Advances under this Agreement and (y) Cash Collateralize the Issuing Banks’ future Fronting Exposure with respect to such Defaulting Bank with respect to future Letters of Credit issued under this
Agreement, in accordance with Section 2.15; sixth, to the payment of any amounts owing to the Banks, the Issuing Bank as a result of any judgment of a court of competent jurisdiction obtained by any Bank or the
Issuing Bank against such Defaulting Bank as a result of such Defaulting Bank’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the
Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Bank as a result of such Defaulting Bank’s breach of its obligations under this Agreement; and eighth, to such
Defaulting Bank or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Advances or Reimbursement Obligations in respect of which such Defaulting Bank
has not fully funded its appropriate share, and (y) such Advances were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 3.2 were satisfied or waived, such payment
shall be applied solely to pay the Advances of, and Letter of Credit Obligations owed to, all Non-Defaulting Banks on a pro rata basis prior to being applied to the payment of any Advances of, or Letter
of Credit Obligations owed to, such Defaulting Bank until such time as all Advances and funded and unfunded participations in Letter of Credit Obligations are held by the Banks pro rata in accordance with the Commitments without giving effect
to Section 2.16(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Bank that are applied (or held) to pay amounts owed by a Defaulting Bank or to post Cash Collateral pursuant to this
Section 2.16(a)(ii) shall be deemed paid to and redirected by such Defaulting Bank, and each Bank irrevocably consents hereto. 

(iii)    Certain Fees. 

(A)    No Defaulting Bank shall be entitled to receive any commitment fee pursuant to
Section 2.7(a) for any period during which that Bank is a 

  
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Defaulting Bank (and the Borrower shall not be required to pay any such commitment fee that otherwise would have been required to have been paid to that Defaulting Bank). 

(B)     Each Defaulting Bank shall be entitled to receive Letter of Credit Fees for any period during which
that Bank is a Defaulting Bank only to the extent allocable to its Pro Rata Share of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section 2.15. 

(C)    With respect to any fee payable under Section 2.7(a) or any Letter of
Credit Fee not required to be paid to any Defaulting Bank pursuant to clause (B) above, the Borrower shall (x) pay to each Non-Defaulting Bank that portion of any such fee
otherwise payable to such Defaulting Bank with respect to such Defaulting Bank’s participation in Letter of Credit Obligations that has been reallocated to such Non-Defaulting Bank pursuant to
clause (iv) below, (y) pay to the Issuing Bank the amount of any such Letter of Credit Fee otherwise payable to such Defaulting Bank to the extent allocable to the Issuing Bank’s Fronting Exposure to such
Defaulting Bank, and (z) not be required to pay the remaining amount of any such Letter of Credit Fee. 

(iv)    Reallocation of Pro Rata Shares to Reduce Fronting Exposure. All or any part of such
Defaulting Bank’s participation in Letter of Credit Obligations shall be reallocated among the Non-Defaulting Banks in accordance with their respective Pro Rata Shares (calculated without regard to such
Defaulting Bank’s Commitment) but only to the extent that (x) the conditions set forth in Section 3.2 are satisfied at the time of such reallocation (and, unless the Borrower shall have otherwise notified the
Agent at such time, the Borrower shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause the aggregate outstanding Advances and Letter of Credit Exposure held
by any Non-Defaulting Bank to exceed such Non-Defaulting Bank’s Commitment. Subject to Section 9.20, no reallocation hereunder shall
constitute a waiver or release of any claim of any party hereunder against a Defaulting Bank arising from that Bank having become a Defaulting Bank, including any claim of a Non-Defaulting Bank as a result of
such Non-Defaulting Bank’s increased exposure following such reallocation. 

(v)    Cash Collateral. If the reallocation described in clause (iv) above
cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, Cash Collateralize the Issuing Bank’s Fronting Exposure in accordance with the procedures set forth
in Section 2.15. 
 (b)    Defaulting Bank Cure. If the Borrower, the Agent and the
Issuing Bank agree in writing that a Bank is no longer a Defaulting Bank, the Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include
arrangements with respect to any Cash Collateral), that Bank will, to the extent applicable, purchase at par that portion of outstanding Advances of the other Banks or take such other actions as the Agent may determine to be necessary to cause the
Advances and funded and unfunded participations in Letters of Credit to be held pro rata by the Banks in 

  
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accordance with their Pro Rata Share (without giving effect to Section 2.16(a)(iv)), whereupon such Bank will cease to be a Defaulting Bank; provided that no
adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Bank was a Defaulting Bank; and provided further that, except to the extent otherwise expressly agreed by the
affected parties, no change hereunder from Defaulting Bank to Bank will constitute a waiver or release of any claim of any party hereunder arising from that Bank’s having been a Defaulting Bank. 

Section 2.17.    Mitigation Obligations; Replacement of Banks. 

(a)    Designation of a Different Lending Office. Each Bank may make any Advance through any Lending Office,
provided that the exercise of this option shall not affect the obligation of the Borrower to repay the Advance in accordance with the terms of this Agreement. If any Bank or the Issuing Bank requests compensation under
Section 2.12, or requires the Borrower to pay any Indemnified Taxes or additional amounts to any Bank, the Issuing Bank or any Governmental Authority for the account of any Bank or the Issuing Bank pursuant to
Section 2.13 or if any Bank gives a notice pursuant to Section 2.4(b)(v), then such Bank or the Issuing Bank shall (at the request of the Borrower) use reasonable efforts to designate a different
Lending Office for funding or booking its Advances hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Bank or the Issuing Bank, such designation or assignment
(i) would eliminate or reduce amounts payable pursuant to Section 2.12 or 2.13, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 2.4(b)(v), as
applicable, and (ii) in each case, would not subject such Bank or the Issuing Bank, as the case may be, to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Bank or the Issuing Bank, as the case may be. The
Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Bank or the Issuing Bank in connection with any such designation or assignment. 

(b)    Replacement of Banks. If any Bank requests compensation under Section 2.12, or if
the Borrower is required to pay any Indemnified Taxes or additional amounts to any Bank or any Governmental Authority for the account of any Bank pursuant to Section 2.13 and, in each case, such Bank has declined or is
unable to designate a different Lending Office in accordance with Section 2.17(a), or if any Bank is a Defaulting Bank or a Non-Consenting Bank, then the Borrower may replace such
Bank in accordance with Section 9.13. (so long as, in the case of a replacement of a Non-Consenting Bank, after giving effect to such replacement and any other replacements effected
substantially simultaneously therewith, all of the Banks have approved the relevant consent, waiver, amendment or Borrowing Base increase). 

  
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 ARTICLE III 

CONDITIONS OF LENDING 

Section 3.1.    Initial Conditions Precedent to Borrowings 

This Agreement shall become effective on the date the following conditions precedent are met: 

(a)    Documentation. On or before the day on which the initial Borrowing is made or the initial Letters of Credit
are issued, the Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Agent and the Banks, and, where applicable, in sufficient copies for each Bank: 

(i)    this Agreement, the Notes, the Guaranty by Stone Offshore, the Security Agreement, the Intercreditor
Agreement, the Consents, the Control Agreements, and the Mortgages to the extent required to comply with Section 5.12; 

(ii)    proper financing statements in form appropriate for filing under the Uniform Commercial Code of all
jurisdictions that the Agent may deem necessary or desirable in order to perfect the Liens created under the Security Documents; 

(iii)    a favorable opinion of Latham & Watkins LLP, counsel to the Credit Parties, dated as of
the Effective Date, covering such matters as any Bank through the Agent may reasonably request; 

(iv)    a favorable opinion of Liskow & Lewis, Louisiana counsel to the Borrower covering the Louisiana-law Mortgages and such other matters as any Bank through the Agent may reasonably request; 

(v)    Reserved; 

(vi)    a certificate of the Secretary or an Assistant Secretary of the Borrower and each Guarantor
certifying as of the Effective Date (A) certificates of good standing and existence or qualification to do business for each of the Borrower and each Guarantor from its jurisdiction of organization and each jurisdiction where it is required to
be qualified to do business, (B) the certificate of incorporation, formation, or partnership of each of the Borrower and each Guarantor, (C) the bylaws, limited liability company agreement, or partnership agreement of each of the Borrower
and each Guarantor, (D) the resolutions of the board of directors (or similar governing body) of the Borrower and each Guarantor authorizing this Agreement and related transactions, and (E) the incumbency and signatures of the officers of
the Borrower and each Guarantor authorized to execute this Agreement and related documents; 
 (vii)    a
certificate of a Responsible Officer of Borrower stating that, as of the Effective Date, (A) the representations and warranties contained in this Agreement and the other Credit Documents are true and correct in all material respects,
(B) no Default or Event of Default exists, and (C) all conditions set forth in this Section 3.1 and in Section 3.2 have been satisfied (assuming satisfaction by the Agent and the Banks
where such satisfaction is specified in such conditions); 
 (viii)    Insurance Certificates from the
Borrower’s and Guarantors’ insurance providers setting forth the insurance maintained by Borrower and Guarantors, showing that insurance meeting the requirements of Section 5.2 is in full force and effect and that

  
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all premiums due with respect thereto have been paid, showing Agent as loss payee with respect to all such property or physical damage policies and as additional insured with respect to all such
liability policies, and stating that such insurer will provide Agent with at least 30 days’ advance notice of cancellation of any such policy for any reason other than for cancellation due to non-payment
of the premium which shall require the insurer to provide Agent with at least 10 days’ advance notice; 

(ix)    such Uniform Commercial Code Lien search reports as Agent shall require, conducted in such
jurisdictions and reflecting such names as Agent shall request; and 
 (x)    such other documents,
governmental certificates, agreements, and Lien searches as the Agent or any Bank may reasonably request. 

(b)    Payment of Fees. On the Effective Date, the Borrower shall have paid (i) the fees required by
Section 2.7(b) and (c), (ii) all costs and expenses which have been invoiced and are payable pursuant to Section 9.4, and (iii) all fees payable to the Arranger and Agent pursuant
to any written agreement between Borrower and the Arranger or the Agent. 
 (c)    Financial Statements. The
Agent shall have reviewed and be satisfied with (i) the Financial Statements and (ii) projections for the fiscal years ending 2017, 2018 and 2019, including balance sheets and income and cash flow statements. 

(d)    No Material Litigation. The absence of any action, suit, investigation or proceeding pending or threatened
as of the Effective Date in any court or before any arbitrator or Governmental Authority that (i) could reasonably be expected to cause a Material Adverse Change, except as set forth on Schedule 4.7 or
(ii) purports to adversely affect any transaction contemplated hereby or the ability of the Borrower and the Guarantors to perform their respective obligations under the Credit Documents. 

(e)    Engineering Reports. The Agent shall have received Oil and Gas Reserve Reports for the Oil and Gas
Properties included in the Borrowing Base. 
 (f)    Environmental Condition. The Agent shall be reasonably
satisfied with the environmental condition of the Borrower’s and its Subsidiaries’ Oil and Gas Properties. 

(g)    Title. The Borrower shall have delivered to the Agent title reports (or title opinions) regarding that
portion of the Borrowing Base Assets representing not less than 95% of the Aggregate Oil and Gas Property Value of the Borrower and its Restricted Subsidiaries as set forth in the most recently delivered Oil and Gas Reserve Report delivered prior to
the Effective Date, and such title reports or opinions shall reflect that the Borrower and its Subsidiaries have good and marketable title to all such Borrowing Base Assets, free and clear of all Liens, except for Permitted Liens. 

(h)    Confirmation Order. The Bankruptcy Court shall have entered the final Confirmation Order, the Confirmation
Order shall not be subject to any stay, and all conditions to the Effective Date (as defined in the Plan of Reorganization) of the Plan of Reorganization (other than the effectiveness of this Agreement) shall have been satisfied or waived. 

  
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 (i)    Equity Interests. The Borrower shall have used commercially
reasonable efforts to obtain the necessary consents for Equity Interests of SP 49 Pipeline, LLC, held by Stone Offshore to constitute Pledged Securities (as defined in the Security Agreement). 

(j)    [Reserved.] 

(k)    Other Matters. All matters related to this Agreement, the other Credit Documents, and Borrower or any
Guarantor shall be acceptable to Agent and each Bank in their sole discretion, and Borrower shall have delivered to Agent and each Bank such evidence as they shall request to substantiate any matters related to this Agreement, the other Credit
Documents, and Borrower or any Guarantor as Agent or any Bank shall request. 
 Without limiting the generality of the provisions of the
last paragraph of Section 8.3, for purposes of determining compliance with the conditions specified in this Section 3.1, each Bank that has signed this Agreement shall be deemed to have consented
to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Bank unless the Agent shall have received notice from such Bank prior to the
proposed Effective Date specifying its objection thereto. 
 Section 3.2.    Conditions Precedent to All
Borrowings. The obligation of each Bank to make an Advance on the occasion of each Borrowing (other than a continuation pursuant to Section 2.3(b) or a Conversion pursuant to Section 2.3(b))
and of the Issuing Bank to issue, increase, or extend any Letter of Credit shall be subject to the further conditions precedent that on the date of such Borrowing or the issuance, increase, or extension of such Letter of Credit: 

(a)    the Agent shall have timely received a Notice of Borrowing or Letter of Credit Application, as applicable; 

(b)    the following statements shall be true (and each of the giving of the applicable Notice of Borrowing or Letter of
Credit Application and the acceptance by the Borrower of the proceeds of such Borrowing or the issuance, increase, or extension of such Letter of Credit shall constitute a representation and warranty by the Borrower that, on the date of such
Borrowing, or the issuance, increase, or extension of such Letter of Credit, such statements are true): 

(i)    the representations and warranties contained in Article IV and the other Credit Documents are
true and correct in all material respects (except to the extent such representations and warranties are already qualified as to materiality, in which case such representations and warranties shall be true and correct in all respects) on and as of
the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of Credit, before and after giving effect to such Borrowing or to the issuance, increase, or extension of such Letter of Credit and to the application of
the proceeds from such Borrowing, as though made on and as of such date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date; 

(ii)    no Default has occurred and is continuing or would result from such Borrowing or from the
application of the proceeds therefrom or from the issuance, increase, or extension of such Letter of Credit; and 

  
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 (iii)    the funding of such Borrowing or issuance of such
Letter of Credit and all other Borrowings to be made or Letters of Credit to be issued on the same day under this Agreement, shall not cause the aggregate outstanding amount of Advances plus the Letter of Credit Exposure to exceed the lesser
of (A) the Borrowing Base (provided that the “Borrowing Base” solely for purposes of this Section 3.2(b)(iii) from the Effective Date to the Fall 2017 Redetermination Date shall be $150,000,000) and
(B) the aggregate Commitments. 
 Each Notice of Borrowing or Letter of Credit Application submitted by the Borrower shall be deemed to be a
representation and warranty that the conditions specified in this Section 3.2(b) have been satisfied on and as of the date of the applicable Advance or issuance of Letter of Credit.     

(c)    At any time after the Effective Date, immediately after giving effect to such requested Advance, the aggregate
amount of Liquid Assets shall not exceed $25,000,000. 
 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

The Borrower represents and warrants as follows: 

Section 4.1.    Corporate Existence; Subsidiaries. The Borrower is a corporation duly organized, validly
existing, and in good standing under the laws of Delaware and in good standing and qualified to do business in each jurisdiction where a failure to be qualified could reasonably be expected to cause a Material Adverse Change. Each Guarantor is a
corporation, limited liability company, or limited partnership duly organized, validly existing, and in good standing under the laws of its jurisdiction of formation and in good standing and qualified to do business in each jurisdiction where a
failure to be qualified could reasonably be expected to cause a Material Adverse Change. Each Subsidiary of the Borrower (other than Excluded Subsidiaries) has complied with the requirements of Section 5.9.
Schedule 4.1 lists each Subsidiary of the Borrower as of the Effective Date, its jurisdiction and type of organization, the owners of the Equity Interests in such Subsidiary, and indicates whether such Subsidiary is an
Excluded Subsidiary. 
 Section 4.2.    Corporate Power; Authorization; No Violation. 

(a)    The execution, delivery, and performance by the Borrower of this Agreement, the Notes, and the other Credit
Documents to which it is a party and by the Guarantors of the Guaranties and the consummation of the transactions contemplated hereby and thereby (i) are within the Borrower’s and the Guarantors’ corporate, limited liability, or
limited partnership powers, (ii) have been duly authorized by all necessary corporate, limited liability, or limited partnership action, (iii) do not contravene (A) the Borrower’s or any Guarantor’s certificate or articles
of incorporation or formation, by-laws, limited liability company agreement or other governing documents or (B) any applicable law or any material Contractual Requirement binding on the Borrower or any
Guarantor, and (iv) will not result in or require the creation or imposition of any Lien (other than Permitted Liens). 

  
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 (b)    At the time of each Borrowing, such Borrowing and the use of the
proceeds of such Borrowing (i) will be within the Borrower’s corporate powers, (ii) will have been duly authorized by all necessary corporate action on the part of the Borrower, (iii) will not contravene (A) the
Borrower’s certificate of incorporation or by-laws or (B) any applicable law or any material Contractual Requirement binding on the Borrower, and (iv) will not result in or require the creation
or imposition of any Lien (other than Permitted Liens). 
 Section 4.3.    Authorization and Approvals. No
authorization or approval or other action by, and no notice to or filing with, any Governmental Authority or third party is required for the due execution, delivery, and performance by the Borrower of this Agreement, the Notes, or the other Credit
Documents to which the Borrower is a party or by each Guarantor of its Guaranty or the consummation of the transactions contemplated thereby, except for (a) those that have already been obtained or made, (b) routine consents,
authorizations, filings and notices required to be made in the ordinary course of business, (c) the filing of UCC-1 or UCC-3 financing statements in the appropriate
filing offices and (d) filings required pursuant to Section 5.9 in connection with new Subsidiaries or Section 5.12 and Section 5.13 in connection with the mortgaging
of additional Oil and Gas Properties. At the time of each Borrowing, no authorization or approval or other action by, and no notice to or filing with, any Governmental Authority or third party (in each case, which has not been obtained) will be
required for such Borrowing or the use of the proceeds of such Borrowing. 
 Section 4.4.    Enforceable
Obligations. This Agreement, the Notes, and the other Credit Documents to which the Borrower is a party have been duly executed and delivered by the Borrower, and the Guaranties and the other Credit Documents to which any Guarantor is a party
have been duly executed and delivered by such Guarantor. Each Credit Document is the legal, valid, and binding obligation of the Borrower and each Guarantor which is a party to it enforceable against the Borrower and each such Guarantor in
accordance with its terms, except as such enforceability may be limited by any applicable bankruptcy, insolvency, reorganization, moratorium, or similar law affecting creditors’ rights generally and by general principles of equity. 

Section 4.5.    Financial Statements; Solvency. The Financial Statements, copies of which have been furnished
to each Bank, fairly present in all material respects the consolidated financial condition of the Borrower and its Restricted Subsidiaries, as at such date and the consolidated results of the operations of the Borrower and its Restricted
Subsidiaries, for the fiscal year ended on such date, and such consolidated balance sheets and consolidated statements of operations, cash flow, and stockholders’ equity were prepared in accordance with GAAP (or in compliance with the
regulations promulgated by the SEC), subject, in the case of unaudited Financial Statements, to the absence of footnotes and to normal year-end audit adjustments. Since the Effective Date, there has been no
event or circumstance, either individually or in the aggregate, that has had or could reasonably be expected to cause a Material Adverse Change. As of (x) the Effective Date, after giving effect to the consummation of the transactions occurring
on the Effective Date (including the execution and delivery of this Agreement, the making of any Advance on the Effective Date and the use of proceeds of such Advance) and (y) the date of each Borrowing or each issuance, increase, or extension
any Letter of Credit (after giving effect to such Borrowing, issuance, increase or extension), the Borrower on a consolidated basis with its Restricted Subsidiaries is Solvent. 

  
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 Section 4.6.    True and Complete Disclosure. All factual
information (excluding estimates, projections, pro forma financial information and information of a general economic or industry nature) heretofore or contemporaneously furnished by or on behalf of the Borrower or any of its Restricted
Subsidiaries in writing to any Bank or the Agent for purposes of or in connection with this Agreement, any other Credit Document or any transaction contemplated hereby or thereby (as modified or supplemented by other information so furnished) is
(when taken as a whole) true and correct in all material respects and does not contain any untrue statement of a material fact or omit to state any material fact necessary to make the statements contained therein not misleading, in light of the
circumstances under which they were made. With respect to financial projections and pro forma financial information, the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be
reasonable at the time of preparation and when delivered to the Agent or the Banks; it being understood that such projections may vary from actual results and that such variances may be material and that, with respect to Oil and Gas Reserve Reports,
projections concerning volumes attributable to the Oil and Gas Properties and production and cost estimates contained in each Oil and Gas Reserve Report are necessarily based upon professional opinions, estimates and projections and that the
Borrower and the Subsidiaries do not warrant that such opinions, estimates and projections will ultimately prove to be accurate. 

Section 4.7.    Litigation. Set forth on Schedule 4.7 is an accurate description of
all of the Borrower’s and its Restricted Subsidiaries’ pending litigation existing on the Effective Date which could reasonably be expected to cause a Material Adverse Change. There is no pending or, to the knowledge of the Borrower,
threatened action, proceeding, or investigation affecting the Borrower or any of its Restricted Subsidiaries before any court, Governmental Authority or arbitrator, which (a) could reasonably be expected to cause a Material Adverse Change,
except as set forth on Schedule 4.7, or (b) purports to affect the legality, validity, binding effect, or enforceability of this Agreement, any Note, or any other Credit Document. 

Section 4.8.    Use of Proceeds. All Advances and Letters of Credit shall be used (a) to pay costs and
expenses related to the credit facility evidenced by this Agreement and (b) for working capital, Capital Expenditures, and general corporate purposes of the Borrower and its Subsidiaries (including without limitation to finance acquisitions of
Oil and Gas Properties and other Permitted Acquisitions). The Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U). No proceeds of any Advance
will be used to purchase or carry any margin stock in violation of Regulation U or X. 

Section 4.9.    Investment Company Act. Neither the Borrower nor any of its Subsidiaries is an
“investment company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 

Section 4.10.    Taxes. Proper and accurate (in all material respects) federal, state, local, and foreign tax
returns, reports and statements required to be filed (after giving effect to any extension granted in the time of filing) by or on behalf of the Borrower, its Subsidiaries, or any member of the Controlled Group (hereafter collectively called the
“Tax Group”) have been duly filed on a timely basis or appropriate extensions have been obtained with appropriate governmental agencies in all jurisdictions in which such returns, reports, and statements are

  
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required to be filed, except where the failure to so file would not be reasonably expected to cause a Material Adverse Change; and all taxes (which are material in amount) and other material
impositions due and payable have been timely paid prior to the date on which any fine, penalty, interest, late charge, or loss may be added thereto for non-payment thereof, except where contested in good faith
by appropriate proceedings. The reserves for accrued taxes reflected in the financial statements delivered to the Banks under this Agreement are adequate in the aggregate for the payment of all unpaid taxes, whether or not disputed, for the period
ended as of the date thereof and for any period prior thereto, and for which the Tax Group may be liable in its own right, as withholding agent or as a transferee of the assets of, or successor to, any Person, except for such taxes or reserves
therefor, the failure to pay or provide for which does not and could not reasonably be expected to cause a Material Adverse Change. Timely payment of all material sales and use taxes required by applicable law has been made by the Borrower and all
other members of the Tax Group. 
 Section 4.11.    ERISA Compliance. 

(a)    Except where such failure could not reasonably be expected to cause a Material Adverse Change, each Plan is in
compliance in all material respects with the applicable provisions of ERISA, the Code and other applicable Federal or state laws. Except where such failure or event could not reasonably be expected to cause a Material Adverse Change, (i) each
Pension Plan that is intended to be a qualified plan under Section 401(a) of the Code has received a favorable determination or opinion letter from the Internal Revenue Service to the effect that the form of such Plan is qualified under
Section 401(a) of the Code and the trust related thereto has been determined by the Internal Revenue Service to be exempt from federal income tax under Section 501(a) of the Code, or an application for such a letter is currently being
processed by the Internal Revenue Service and (ii) to the best knowledge of the Borrower, nothing has occurred that would prevent or cause the loss of such tax-qualified status. 

(b)    There are no pending or, to the best knowledge of the Borrower, threatened claims, actions or lawsuits, or action
by any Governmental Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Change. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that
has resulted or could reasonably be expected to result in a Material Adverse Change. 
 (c)    In all cases, except
where such event or failure, either individually or in the aggregate, could not reasonably be expected to cause a Material Adverse Change: (i) no ERISA Event has occurred, and neither the Borrower nor any ERISA Affiliate is aware of any fact,
event or circumstance that could reasonably be expected to constitute or result in an ERISA Event with respect to any Pension Plan; (ii) the Borrower and each ERISA Affiliate has met all applicable requirements under the Pension Funding Rules
in respect of each Pension Plan, and no waiver of the minimum funding standards under the Pension Funding Rules has been applied for or obtained; (iii) as of the most recent valuation date for any Pension Plan, the funding target attainment
percentage (as defined in Section 430(d)(2) of the Code) is 60% or higher and neither the Borrower nor any ERISA Affiliate knows of any facts or circumstances that could reasonably be expected to cause the funding target attainment percentage
for any such plan to drop below 60% as of the most recent valuation date; (iv) neither the Borrower nor any ERISA Affiliate has incurred any liability to the PBGC other than for the payment of premiums, and there are no

  
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premium payments which have become due that are unpaid; (v) neither the Borrower nor any ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or
Section 4212(c) of ERISA; and (vi) no Pension Plan has been terminated by the plan administrator thereof nor by the PBGC, and no event or circumstance has occurred or exists that could reasonably be expected to cause the PBGC to institute
proceedings under Title IV of ERISA to terminate any Pension Plan. 
 Section 4.12.    Condition of
Property; Casualties. The material Properties used or to be used in the continuing operations of the Borrower and each of its Restricted Subsidiaries are in all material respects in good repair, working order and condition. Except as could not
reasonably be expected to cause a Material Adverse Change, since the date of the Financial Statements, neither the business nor the material Properties of the Borrower and each of its Restricted Subsidiaries, taken as a whole, has been materially
and adversely affected as a result of any fire, explosion, earthquake, flood, drought, windstorm, accident, strike or other labor disturbance, embargo, requisition or taking of property or cancellation of contracts, permits, or concessions by a
Governmental Authority, riot, activities of armed forces, or acts of God or of any public enemy. 

Section 4.13.    No Burdensome Restrictions; No Defaults. Neither the Borrower nor any of its Restricted
Subsidiaries is a party to any indenture, loan, or credit agreement or any lease or other agreement or instrument or subject to any charter or corporate restriction or provision of applicable law or governmental regulation which could reasonably be
expected to cause a Material Adverse Change. The Borrower and the Guarantors are not in default under or with respect to any contract, agreement, lease, or other instrument to which the Borrower or any Guarantor is a party and which could reasonably
be expected to cause a Material Adverse Change. No Default has occurred and is continuing. 

Section 4.14.    Environmental Condition. 

(a)    Permits, Etc. Except as set forth on Schedule 4.14(a), the Borrower and its
Subsidiaries (i) have obtained all Environmental Permits material to the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in compliance in all material respects
with all terms and conditions of such Environmental Permits and with all other applicable Environmental Laws; (iii) have not received written notice of any material unresolved violation or material alleged violation of any Environmental Law or
Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim, which could reasonably be expected to cause a Material Adverse Change. 

(b)    Certain Liabilities. Except as set forth on Schedule 4.14(b), none of the present
or, to the Borrower’s actual knowledge, previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities
List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogues, or have been otherwise investigated, designated, listed, or identified as a potential site for any material removal,
remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any
Property owned or 

  
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operated by the Borrower or any of its Subsidiaries, wherever located, which could reasonably be expected to cause a Material Adverse Change; or (iii) has been the site of any Release of
Hazardous Substances or Hazardous Wastes from present or past operations that has resulted in any condition at the site, or, to the Borrower’s actual knowledge, at any third-party site, that could reasonably be expected to result in the
imposition of any Response, notice, or investigatory obligations on the Borrower or any of its Subsidiaries under applicable Environmental Law that could reasonably be expected to cause a Material Adverse Change. 

(c)    Certain Actions. Without limiting the foregoing, except for matters that could not reasonably be expected to
result in a Material Adverse Change: (i) all necessary notices have been properly filed, and no further action is required under current Environmental Law as to each Response or other restoration or remedial project undertaken by the Borrower,
or its present or former Subsidiaries on any of their presently or, to the Borrower’s actual knowledge, formerly owned or operated Property (ii) there are no current liabilities of the Borrower and its Restricted Subsidiaries arising under
any Environmental Laws, and (iii) to the Borrower’s actual knowledge, there are no facts or circumstances that could reasonably be expected to result in the imposition of any liabilities, costs or obligations on the Borrower or its
Restricted Subsidiaries in connection with any Environmental Laws. 
 Section 4.15.    Permits, Licenses, Etc.;
Compliance with Legal Requirements. Except for Environmental Permits, which are addressed in Section 4.14(a), the Borrower and its Restricted Subsidiaries possess (a) all permits and licenses which are material to
the conduct of its business and (b) except where the failure to possess the same could not reasonably be expected to result in a Material Adverse Change, all patents, patent rights or patent licenses, trademarks, trademark rights, trade names
rights and copyrights necessary for the conduct of its business. The Borrower and its Subsidiaries manage and operate their business in accordance with all applicable Legal Requirements and good industry practices, except where the failure to do so
could not reasonably be expected to result in a Material Adverse Change. 
 Section 4.16.    Gas Contracts.
Neither the Borrower nor any of its Restricted Subsidiaries, as of the date hereof, (a) is obligated in any material respect by virtue of any prepayment made under any contract containing a “take-or-pay” or “prepayment” provision or under any similar agreement to deliver Hydrocarbons produced from or allocated to any of the Borrower’s consolidated Oil and Gas Properties
at some future date without receiving full payment therefor at the time of delivery or (b) has produced gas, in any material amount, subject to, and none of the Borrower’s consolidated Oil and Gas Properties is subject to, balancing rights
of third parties or subject to balancing duties under governmental requirements, except as to such matters for which the Borrower or its relevant Restricted Subsidiary has established monetary reserves adequate in amount in accordance with GAAP to
satisfy such obligations. 
 Section 4.17.    Title to Properties, Liens, Leases, Etc. 

(a)    Except as is being cured pursuant to Section 5.13, the Borrower and/or its applicable
Restricted Subsidiaries (i) have good and marketable title to all Borrowing Base Assets, free and clear of all Liens, except for Permitted Liens, and (ii) have good and marketable title to all material assets reflected in the financial
statements most recently delivered pursuant to Section 5.6(a) or Section 5.6(b), free and clear of all Liens, except for Permitted Liens. 

  
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 (b)    On the Effective Date, (i) the Mortgages are effective to create
in favor of the Agent, for the ratable benefit of the Secured Parties, an Acceptable Security Interest on all of the Credit Parties’ right, title and interest in and to the Mortgaged Property thereunder and the proceeds thereof, and when the
Mortgages are filed in the offices specified on Schedule 4.17(b)(i), the Mortgages shall constitute an Acceptable Security Interest in, all right, title and interest of the Credit Parties in such Mortgaged Property and the proceeds thereof
and (ii) the Security Agreement, upon execution and delivery thereof by the parties thereto, will create in favor of the Agent, for the ratable benefit of the Secured Parties, an Acceptable Security Interest in the Collateral described therein
and the proceeds thereof and when financing statements in appropriate form are filed in the offices specified on Schedule 4.17(b)(ii), the Lien created under the Security Agreement will constitute an Acceptable Security Interest in, all
right, title and interest of the Credit Parties in such Collateral to the extent that such Lien can be perfected by the filing of a financing statement. 

(c)    All leases and agreements for the conduct of business of the Credit Parties are valid and subsisting, in full force
and effect, and there exists no default or event of default or circumstance which with the giving of notice or lapse of time or both would give rise to a default under any such leases or agreements, in each case except which could not reasonably be
expected to cause a Material Adverse Change. 
 (d)    No Credit Party is a party to any agreement or arrangement (other
than as permitted under Section 6.3), or subject to any order, judgment, writ or decree, which either restricts or purports to restrict its ability to grant Liens to secure the Obligations against their respective assets or
Properties. 
 Section 4.18.    Mineral Interests. 

(a)    Except for Permitted Liens, all Borrowing Base Assets are valid, subsisting, and in full force and effect, and all
rentals, royalties, and other amounts due and payable in respect thereof have been duly paid. 
 (b)    Without regard
to any consent or non-consent provisions of any joint operating agreement covering the Borrower’s or any Guarantor’s Proved Mineral Interests, and except for Permitted Liens, the Borrower’s and
each Guarantor’s share of (i) the costs for each Borrowing Base Asset is not greater than the decimal fraction set forth in the most recently delivered Oil and Gas Reserve Report, before and after payout, as the case may be, and described
therein by the respective designations “working interests”, “WI”, “gross working interest”, “GWI”, or similar terms, and (ii) production from, allocated to, or attributed to each such Borrowing Base Asset
is not less than the decimal fraction set forth in such Oil and Gas Reserve Report, before and after payout, as the case may be, and described therein by the designations “net revenue interest,” “NRI,” or similar terms. 

(c)    Each well drilled in respect of proved producing reserves described in the most recently delivered Oil and Gas
Reserve Report (i) is capable of, and was, as of the date of such Oil & Gas Reserve Report, producing Hydrocarbons in commercial quantities, and Borrower and each Guarantor (as applicable) is currently receiving payments for its share
of production, with no funds in respect of any thereof being presently held in suspense, other than any such funds 

  
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being held in suspense pending delivery of appropriate division orders and (ii) to Borrower’s knowledge, has been drilled, bottomed, completed, and operated in compliance in all
material respects with applicable Legal Requirements and no such well which is currently producing Hydrocarbons is subject to any penalty in production by reason of such well having produced in excess of its allowable production. 

Section 4.19.    Sanctions. Neither the Borrower, nor any of its Subsidiaries, nor any director, officer,
employee, agent, affiliate or representative thereof, is an individual or entity that is, or is owned or controlled by any individual or entity that is (i) currently the subject or target of any Sanctions or (ii) located, organized or
resident in a Designated Jurisdiction. 
 Section 4.20.    Anti-Corruption Laws. The Borrower and its
Subsidiaries have conducted their businesses in compliance with applicable Anti-Corruption Laws and have instituted and maintained policies and procedures designed to promote and achieve compliance with such laws. 

Section 4.21.    No EEA Financial Institution. None of the Credit Parties is an EEA Financial Institution.

 ARTICLE V 

AFFIRMATIVE COVENANTS 

The Borrower agrees to comply with the following covenants. 

Section 5.1.    Compliance with Laws, Etc. The Borrower shall comply, and cause each of its Restricted
Subsidiaries to comply, with all Legal Requirements except where the failure to do so could not reasonably be expected to result in a Material Adverse Change. Without limiting the generality and coverage of the foregoing, the Borrower shall comply,
and shall cause each of its Restricted Subsidiaries to comply with all Environmental Laws and all laws, regulations, or directives with respect to equal employment opportunity and employee safety in all jurisdictions in which the Borrower, or any of
its Restricted Subsidiaries do business, except where the failure to do so could not reasonably be expected to result in a Material Adverse Change; provided, however, that this Section 5.1 shall not prevent
the Borrower, or any of its Restricted Subsidiaries from, in good faith and with reasonable diligence, contesting the validity or application of any such laws or regulations by appropriate legal proceedings. 

Section 5.2.    Maintenance of Insurance. 

(a)    Required Insurance Coverage. The Borrower will maintain, and will cause each Restricted Subsidiary to
maintain, property and physical damage insurance on selected real and personal property on an all risks basis (including the perils of flood and quake on a sub-limited basis), covering the repair and
replacement cost of all such selected property. Borrower will also maintain commercial general liability and excess liability insurance and products/completed operations liability coverage. Each of the policies described in this
clause (a) shall be of the kinds and in the amounts customarily carried or maintained by Persons of established reputation engaged in similar businesses and owning similar properties in the same general areas in which the
Borrower or such Restricted Subsidiary operates; provided that the Borrower may self-insure against wind damage if deemed appropriate by the Borrower. All such insurance (other than 

  
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permitted self-insurance) shall be provided by insurers having a minimum A.M. Best policyholders rating of A-, VII. The Borrower will not, and will not
permit any of its Restricted Subsidiaries to, bring or keep any article on any business location of the Borrower or any of its Restricted Subsidiaries, or cause or allow any condition to exist, if the presence of such article or the occurrence of
such condition would reasonably cause the invalidation of any insurance required by this Section 5.2, or would otherwise be prohibited by the terms thereof. 

(b)    Loss Payee; Additional Insured. 

(i)    On Effective Date, and at all times thereafter, the Borrower will cause the Agent to be named as
(A) an additional insured on each liability policy required to be maintained pursuant to this Section 5.2, and (B) loss payee (which shall include, as applicable, identification as mortgagee) on each property and
physical damage policy required to be maintained pursuant to this Section 5.2 for any Property Proceeds in excess of $5,000,000 arising from a single event or related series of events. 

(ii)    If (A) the Agent receives Property Proceeds in its capacity as loss payee, (B) no Default
or Event of Default exists at such time, and (C) such Property Proceeds are not required to be applied as a prepayment under the terms of this Agreement, the Agent will remit such Property Proceeds to the Borrower within 15 days after receipt
thereof. 
 (iii)    The Agent shall, promptly after the Effective Date, deliver, to the Borrower’s
insurance broker for delivery to each insurer that provides a property or physical damage policy on which the Agent is listed as loss payee, a revocable notice that such insurer may pay any Property Proceeds arising from a single event or related
series of events that occurred prior to the Effective Date directly to the Borrower; provided that (A) such notice may be revoked by the Agent at any time when a Default or Event of Default exists or any such Property Proceeds would be
required to be applied as a prepayment under the terms of this Agreement, and (B) any Property Proceeds payable under such policy after receipt by the insurer of written notice of such revocation shall be paid directly to the Agent. If such
Default or Event of Default is cured or waived, the foregoing arrangement may be restored with respect to future Property Proceeds. 

(iv)    All loss payee and additional insured endorsements must be in form and substance reasonably
acceptable to the Agent. 
 (c)    Evidence of Insurance Coverage. The Borrower will deliver to the Agent on the
Effective Date, an Insurance Certificate from the Borrower’s insurance broker in effect on such date showing the amount of coverage under all such policies as of such date, showing the endorsements required above, and showing waivers of all
rights of subrogation against all loss payees and additional insureds. Each such Insurance Certificate will also indicate that each additional insured and loss payee will be given at least 30 days’ written notice of the cancellation,
termination, reduction in amount or material change in coverage to any part of any applicable policy; provided that for cancellation of the policy due to non-payment of the premium, only 10 days’
advance written notice shall be required. Annually, on or prior to the 60th day after the renewal or effectiveness thereof, the Borrower shall provide Insurance 

  
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Certificates for each of its insurance policies and such additional information as to the applicable policies as is reasonably requested by any Bank. The Borrower will deliver to the Agent,
(i) within 15 days after receipt of notice from any insurer, a copy of any notice of cancellation or material change in coverage from that existing under the applicable policy immediately prior to such notice, (ii) no later than 30 days
after any cancellation or nonrenewal of any insurance policy by the applicable insurer, notice thereof, unless such policy has been renewed or replaced with a substantially similar policy, and (iii) notice of any cancellation or nonrenewal of
any insurance policy by the Borrower no later than 30 days thereafter. 
 Section 5.3.    Preservation of
Corporate Existence, Etc. The Borrower shall preserve and maintain, and cause each of its Restricted Subsidiaries to preserve and maintain, its corporate existence, rights, franchises, and privileges in the jurisdiction of its incorporation, and
qualify and remain qualified, and cause each such Restricted Subsidiary to qualify and remain qualified, as a foreign corporation in each jurisdiction in which qualification is necessary or desirable in view of its business and operations or the
ownership of its properties, except, in each case, where failure to qualify or preserve and maintain its rights and franchises could not reasonably be expected to cause a Material Adverse Change; provided, however, that nothing herein
contained shall prevent any transaction permitted by Section 6.4. 

Section 5.4.    Payment of Taxes. The Borrower shall, and shall cause each Restricted Subsidiary to, pay,
discharge, or otherwise satisfy all material Tax liabilities of the Borrower and its Restricted Subsidiaries before the same shall become delinquent, except where the validity or amount thereof is being contested in good faith by appropriate
proceedings and the Borrower or applicable Restricted Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP (or in the case of a Foreign Subsidiary, the comparable accounting principles in the relevant
jurisdiction). 
 Section 5.5.    Visitation Rights. At any reasonable time and from time to time, upon
reasonable notice, the Borrower shall, and shall cause its Restricted Subsidiaries to, permit the Agent or any of its agents or representatives thereof, to (a) examine and make copies of and abstracts from the records and books of account of,
and visit and inspect at its reasonable discretion the properties of, the Borrower and any such Restricted Subsidiary, and (b) discuss the affairs, finances and accounts of the Borrower and any such Restricted Subsidiary with any of their
respective officers or directors; provided, however, that the Agent or the Bank for whose benefit such inspection and visitation is made assumes sole responsibility for the condition of any property of the Borrower or its Restricted
Subsidiaries so visited and inspected, the access and egress thereto (including, but not limited to wharves, docks, and helicopter landing areas), and any vice or defect therein or thereon, and assumes all responsibility for and hereby releases and
indemnifies the Borrower, its Affiliates, and their officers, directors, employees, and agents against any claim for damage or injury to or by the Agent or such Bank (or the representatives thereof) or to the Borrower’s or its
Subsidiaries’ Property which may be occasioned by such inspection and visitation of the Borrower’s or its Subsidiaries’ Property. 

Section 5.6.    Reporting Requirements. The Borrower shall furnish to the Agent: 

(a)    Annual Financials. As soon as available and in any event not later than 90 days after the end of each fiscal
year of the Borrower, (i) a copy of the annual audit report for such 

  
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year for the Borrower and its Subsidiaries, including therein the consolidated balance sheet of the Borrower and its Subsidiaries as of the end of such fiscal year and consolidated statements of
operations, cash flows, and stockholders’ equity of the Borrower and its Subsidiaries for such fiscal year, in each case certified by Ernst & Young LLP or other independent certified public accountants of national standing, and
including any management letters delivered by such accountants to the Borrower in connection with such audit, (ii) the capital budget for the Borrower and its Subsidiaries established by the board of directors of the Borrower for the next
fiscal year, in reasonable detail by geographical area and type of expenditure, and (iii) a Compliance Certificate executed by the Chief Financial Officer or Chief Accounting Officer of the Borrower; 

(b)    Quarterly Financials. As soon as available and in any event not later than 50 days after the end of each of
the first three quarters of each fiscal year of the Borrower (or, if earlier, 5 days after the date required to be filed with the SEC (without giving effect to any extension permitted by the SEC)), (i) the unaudited consolidated balance sheet of
Borrower and its Subsidiaries as of the end of such quarter and the consolidated statements of operations and cash flows of the Borrower and its Subsidiaries for the period commencing at the end of the previous year and ending with the end of such
quarter, all in reasonable detail and duly certified with respect to such consolidated statements (subject to year-end audit adjustments) by the Chief Financial Officer or Chief Accounting Officer of the
Borrower as having been prepared in accordance with GAAP (or in compliance with the regulations promulgated by the SEC), and (ii) a Compliance Certificate executed by the Chief Financial Officer or Chief Accounting Officer of the Borrower; 

(c)    Oil and Gas Reserve Reports. 

(i)    As soon as available but in any event on or before March 31 of each year, an engineering report
in form and substance meeting the requirements of the SEC for financial reporting purposes, certified by Netherland, Sewell & Associates Inc. or such other firm or firms of independent consulting petroleum engineers reasonably acceptable to
the Agent as fairly setting forth (A) the proved and producing, shut in, behind pipe, and undeveloped oil and gas reserves (separately classified as such) attributable to the Borrower’s and its Restricted Subsidiaries’ consolidated
Oil and Gas Properties as of December 31 of the previous year, (B) the aggregate present value, determined on the basis of stated pricing assumptions, of the future net income with respect to such Oil and Gas Properties, discounted at a
stated per annum discount rate, and (C) projections of the annual rate of production, gross income, and net income with respect to such Oil and Gas Properties. 

(ii)    As soon as available but in any event on or before September 30 of each year, an internal
engineering report in form and substance reasonably satisfactory to the Agent, certified by a Responsible Officer of the Borrower, to such Responsible Officer’s actual knowledge without investigation and not in such Responsible Officer’s
individual capacity, as fairly setting forth (A) the proved and producing, shut in, behind pipe, and undeveloped oil and gas reserves (separately classified as such) attributable to the Borrower’s and its Restricted Subsidiaries’
consolidated Oil and Gas Properties as of June 30 of such year, (B) the aggregate present value, determined on the basis of stated 

  
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pricing assumptions, of the future net income with respect to such Oil and Gas Properties, discounted at a stated per annum discount rate, and (C) projections of the annual rate of
production, gross income, and net income with respect to such Oil and Gas Properties. 
 (iii)    Each
engineering report delivered pursuant to Section 5.6(c)(i), (ii) or (iv) shall be accompanied by a certificate, executed by a Responsible Officer of the Borrower in the form of
Exhibit I attached hereto, which (A) sets forth the Mortgaged Property Value, as set forth in such Oil and Gas Reserve Report, (B) either (y) demonstrates and certifies that such Mortgaged Property Value
equals or exceeds 95% of the Aggregate Oil and Gas Property Value as set forth in such Oil and Gas Reserve Report or (z) demonstrates and certifies the amount by which such Mortgaged Property Value is less than 95% of such Aggregate Oil and Gas
Property Value and agrees that the Borrower shall take all actions required under Section 5.12 hereof within the period required by such Section 5.12, and (C) certifies a true, correct and
complete schedule of all Swap Contracts of the Credit Parties, specifying the type of Swap Contract, pricing arrangements, volume, expiration, counterparty, and such other information as may be reasonably requested by the Agent. 

(iv)    (A) At least 10 days prior to the consummation of any Disposition, whether or not in the
ordinary course of business, by the Borrower or any Guarantor of any Mortgaged Property for which the value of the future net income attributed thereto in the most recently delivered Oil and Gas Reserve Report (individually or on a cumulative basis
with all sales of Mortgaged Properties consummated since the date of such Oil and Gas Reserve Report) comprised in excess of five percent (5%) of the Mortgaged Property Value as set forth in such report, (B) at least 10 days prior to the
consummation of any acquisition by the Borrower or any Guarantor of any Oil and Gas Property for which the value of the future net income attributed thereto in the engineering reports obtained in connection with such acquisition (individually or on
a cumulative basis with all acquisitions of Oil and Gas Properties consummated since the date of such report) comprises in excess of 5% of the Oil and Gas Property Value as set forth in the Oil and Gas Reserve Report most recently delivered under
this Agreement, and (C) no later than 10 days following the written request of the Agent (provided that, so long as no Event of Default exists, the Agent shall not make more than two such requests in any calendar year, the Borrower shall
provide (y) an updated internal Oil and Gas Reserve Report, current as of the end of the month then most recently ended for which production data is available and in form and substance reasonably satisfactory to the Agent, setting forth the
information required by Section 5.6(c)(ii) for internal Oil and Gas Reserve Reports and (z) a certificate as required by Section 5.6(c)(iii) which, in the case of any Disposition of any
Mortgaged Property or acquisition of any Oil and Gas Property shall make the required calculation giving pro forma effect to such transaction (including, in the case of any Disposition of any Mortgaged Property, the inclusion of any
additional Oil and Gas Properties mortgaged by the Borrower or the Guarantors prior to or concurrently with such Disposition)). 

(v)    The Agent and the Banks acknowledge that the Oil and Gas Reserve Reports contain certain proprietary
information including geological and geophysical data, maps, models, and interpretations necessary for determining the Borrowing Base 

  
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and the creditworthiness of the Borrower and the Guarantors. The Agent and the Banks agree to maintain the confidentiality of such information except (A) as required by applicable law and
(B) that the Agent and the Banks may share such information with Eligible Assignees who are potential transferees of their interests under this Agreement pursuant to Section 9.6 if such Eligible Assignees agree to
maintain the confidentiality of such information pursuant to Section 9.18. 

(d)    Defaults. As soon as possible and in any event within five (5) days after the occurrence of each
Default known to a Responsible Officer of the Borrower or any of its Restricted Subsidiaries which is continuing on the date of such statement, a statement of a Responsible Officer of the Borrower setting forth the details of such Default and the
actions which the Borrower has taken and proposes to take with respect thereto; 
 (e)    Securities Law Filings.
Except as provided in clauses (a) and (b) above, promptly and in any event within fifteen (15) days after the sending or filing thereof, copies of all proxy material, reports and other information which the
Borrower or any of its Restricted Subsidiaries sends to or files with the SEC or sends to any shareholder of the Borrower; 

(f)    ERISA Events. As soon as possible and in any event within ten Business Days after the occurrence of each
ERISA Event known to a Responsible Officer of the Borrower or any of its Restricted Subsidiaries which is continuing on the date of such statement, a statement of a Responsible Officer of the Borrower setting forth the details of such ERISA Event
and the actions which the Borrower has taken and proposes to take with respect thereto; 
 (g)    Other ERISA
Notices. Promptly and in any event within ten Business Days after receipt thereof by the Borrower or any ERISA Affiliate from a Multiemployer Plan sponsor, a copy of each notice received by the Borrower or any ERISA Affiliate concerning the
imposition or amount of withdrawal liability pursuant to Section 4202 of ERISA; 
 (h)    Environmental
Notices. Promptly upon the receipt thereof by the Borrower or any of its Restricted Subsidiaries, a copy of any form of notice, investigation, summons or citation received from the EPA, or any other Governmental Authority, concerning
(i) violations or alleged violations of Environmental Laws, which seeks to impose liability on the Borrower or any of its Restricted Subsidiaries or in relation to their respective Oil and Gas Properties in excess of $2,500,000, (ii) any
action or omission on the part of the Borrower or any of its present or former Restricted Subsidiaries in connection with Hazardous Waste or a Release of Hazardous Substances which could reasonably result in the imposition of liability on the
Borrower or any of its Restricted Subsidiaries or in relation to their respective Oil and Gas Properties in excess of $5,000,000, including without limitation any notice of potential responsibility under CERCLA or (iii) concerning the filing of
a Lien upon, against or in connection with the Borrower, its present or former Subsidiaries, or any of their leased or owned Property, wherever located, pursuant to Environmental Laws; 

(i)    Other Governmental Notices. Promptly and in any event within five Business Days after receipt thereof by the
Borrower or any Restricted Subsidiary, a copy of (i) any notice, summons, citation, or proceeding seeking to modify in any material respect, revoke, or suspend any material contract, license, permit, or agreement with any Governmental Authority
(including material Environmental Permits) and (ii) any other material notice from any Governmental Authority; 

  
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 (j)    Material Changes. Prompt written notice of any condition or
event of which the Borrower has knowledge, which condition or event has resulted or may reasonably be expected to result in a Material Adverse Change; 

(k)    Disputes, Etc. Prompt written notice of any claims, proceedings, or disputes, or to the knowledge of the
Borrower threatened, or affecting the Borrower, or any of its Restricted Subsidiaries which could reasonably be expected to cause a Material Adverse Change, or any material labor controversy of which the Borrower or any of its Subsidiaries has
knowledge resulting in or reasonably considered to be likely to result in a strike against the Borrower or any of its Restricted Subsidiaries; 

(l)    Liquidity. During the period from the Effective Date to the Fall 2017 Redetermination Date, on or prior
to the second Business Day of each calendar week, a calculation of Liquidity as of the last Business Day of the preceding calendar week; 

(m)    Cash Flow Forecast. During the period from the Effective Date to the Fall 2017 Redetermination Date, a
rolling 13-week cash flow forecast in form and detail reasonably satisfactory to the Agent, first delivered no later than March 7, 2017, for the 13-week period
beginning March 12, 2017, and updated on a monthly basis thereafter; 
 (n)    Lease Operating Statements.
As soon as available, and in any event within sixty (60) days after the end of each fiscal quarter (provided that the outstanding amount of Advances as of the end of such quarter exceeds $25,000,000 in the aggregate), a report describing by
lease or unit the gross volume of production and sales attributable to production during such quarter from the Oil and Gas Properties described in the most recent Oil and Gas Reserve Report and describing the related severance taxes, other taxes,
and leasehold operating expenses attributable thereto and incurred during such quarter; and 
 (o)    Other
Information. Promptly, such other information respecting the business or Properties, or the condition or operations, financial or otherwise, of the Borrower, or any of its Restricted Subsidiaries, as any Bank through the Agent may from time to
time reasonably requests. 
 Documents required to be delivered pursuant to this Section 5.6 (to the extent any
such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date on which such documents are posted by, or on behalf of, the Borrower
(y) on the Borrower’s internet website or another internet or intranet website to which each Bank and the Agent have access (whether a commercial, third-party website or whether sponsored by the Agent) or (z) on the website of the
SEC; provided that the Borrower shall deliver paper copies of such documents to the Agent or any Bank upon its written request, until a written request to cease delivering paper copies is given by the Agent or such Bank. The Agent shall have
no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Borrower with any such request by a Bank for delivery, and each Bank
shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

  
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 Section 5.7.    Designation of Public Information. The Borrower
hereby acknowledges that (a) Agent and/or the Arranger will make available to the Banks materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the
Borrower Materials on Syndtrak or another similar electronic system (the “Platform”) and (b) certain of the Banks (each, a “Public Bank”) may have personnel who do not wish to receive material non-public information with respect to the Borrower or its Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to
such Persons’ securities. The Borrower hereby agrees that (w) all Borrower Materials that are to be made available to Public Banks shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word
“PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Agent, the Arranger, the Issuing Bank and the Banks to treat such
Borrower Materials as not containing any material non-public information with respect to the Borrower or its securities for purposes of United States Federal and state securities laws; (y) all Borrower
Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Investor”; and (z) the Agent and the Arrangers shall be entitled to treat any Borrower Materials that are not
marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Investor”. Notwithstanding the foregoing, the Borrower shall be under no obligation to mark any Borrower Materials
“PUBLIC” unless and until the Agent (1) has been notified in writing by any Bank that it is a Public Bank or has received notice through the Platform that any Bank is a Public Bank and (2) has given notice to the Borrower that
any Bank is a Public Bank. 
 Section 5.8.    Maintenance of Property. Borrower shall, and shall cause each
of its Subsidiaries to, (a) maintain their material Properties used or to be used in the continuing operations of the Borrower and its Subsidiaries in all material respects in good repair, working order, and condition and (b) abstain from
committing and from knowingly or willfully permitting the commission of, waste or other injury, destruction, or loss of natural resources, or the occurrence of pollution, contamination, or any other condition in, on or about the owned or operated
property involving the Environment that could reasonably be expected to result in Response activities the costs of which could be reasonably expected to result in a Material Adverse Change. 

Section 5.9.    New Subsidiaries. Prior to the creation or acquisition of any Subsidiary (other than an
Excluded Subsidiary) after the Effective Date or if an existing Excluded Subsidiary ceases to be an Excluded Subsidiary after the Effective Date, the Borrower shall give written notice of such new Subsidiary to the Agent. Within 15 days after such
creation or acquisition or such Subsidiary’s no longer being an Excluded Subsidiary, the Borrower shall cause (a) such Subsidiary to execute and deliver to the Agent a Guaranty (or joinder to an existing Guaranty) with such changes as the
Agent may reasonably request, (b) such Subsidiary to execute and deliver to the Agent a Security Agreement (or joinder to an existing Security Agreement) with such changes as the Agent may reasonably request, (c) such Subsidiary to execute
and deliver a joinder to the Intercreditor Agreement, (d) if such Subsidiary holds Oil and Gas Properties, and if the Mortgaged Property Value as set forth in the certificate of such value 

  
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delivered in connection with the most recently delivered Oil and Gas Reserve Report is less than 95% of the Aggregate Oil and Gas Property Value (after giving effect to such new Subsidiary’s
Oil and Gas Properties), such Subsidiary to execute and deliver to the Agent a Mortgage or Mortgages granting an Acceptable Security Interest in such Oil and Gas Properties, (e) each equity holder of such Subsidiary to execute and deliver a
supplement or joinder to its Security Agreement evidencing its pledge of the equity of such Subsidiary (unless the Equity Interests of such Subsidiary are Excluded Equity Interests), (f) such Subsidiary and such equity holders to deliver to the
Agent evidence of corporate authority to enter into such documentation as the Agent may reasonably request, including, without limitation, if requested by Agent, a legal opinion regarding the enforceability of such documentation and (g) such
Subsidiary and such equity holders deliver to the Agent such other documentation, or authorize Agent to take such other action, as is reasonably requested by Agent. 

Section 5.10.    Maintenance of Books and Records. The Borrower shall, and shall cause its Restricted
Subsidiaries to, (a) maintain proper books of record and account, in which full, true, and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of
the Borrower or such Restricted Subsidiary, as the case may be, and (b) maintain such books of record and account in material conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction over the
Borrower or such Restricted Subsidiary, as the case may be. 
 Section 5.11.    Use of Proceeds. The
Borrower shall, and shall cause its Subsidiaries to, use all Advances and Letters of Credit (a) to pay costs and expenses related to the credit facility evidenced by this Agreement and (b) for working capital, Capital Expenditures, and
general corporate purposes of the Borrower and its Subsidiaries (including without limitation to finance acquisitions of Oil and Gas Properties and other Permitted Acquisitions). 

Section 5.12.    Agreement to Mortgage; Further Assurances. 

(a)    If any certificate delivered pursuant to Section 5.6(c)(iii) or
(iv) demonstrates that the Mortgaged Property Value as set forth in the related Oil and Gas Reserve Report is less than 95% of the Aggregate Oil and Gas Property Value as set forth in such report, the Borrower shall, or shall cause the
Guarantors to (i) promptly, but in any event within 60 days of the delivery of such certificate, grant to the Agent an Acceptable Security Interest in (A) additional Oil and Gas Properties of the Borrower or the Guarantors as necessary to
cause the Mortgaged Property Value to equal or exceed 95% of the Aggregate Oil and Gas Property Value, together with all related equipment and (B) the Borrower’s and the Guarantors’ contracts related to such additional Mortgaged
Properties (unless the granting of a security interest in any such contract requires the consent of the applicable counterparty, in which case the Borrower or applicable Guarantor shall grant such security interest upon receipt of such consent), and
(ii) promptly, but in any event within 90 days of the delivery of such certificate (A) perform such title review, title reports (provided that no title opinions shall be required), and title
clean-up as are reasonably requested by the Agent with respect to such additional Mortgaged Properties, (B) use commercially reasonable efforts to obtain consents from contract counterparties with respect
to each such additional Mortgaged Contract that is material to (y) the Credit Parties’ business or financial condition or (z) the operation and ownership of the additional Mortgaged Property to which it relates (including without
limitation production, transportation, and marketing of oil and 

  
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gas produced therefrom), in each case, to the extent such material Mortgaged Contract prohibits or restricts assignment of the applicable Credit Party’s rights thereunder to the Agent,
unless otherwise agreed by Agent and the Majority Banks, and (C) take such other actions, approve such other filings, provide such opinions of counsel, and execute and deliver such other documents as are reasonably requested by the Agent in
connection with the foregoing. 
 (b)    The Credit Parties shall from time to time execute and deliver, or cause to be
executed and delivered, such additional instruments, certificates or documents, and take such actions, as the Agent may reasonably request for the purposes of implementing or effectuating the provisions of this Agreement and the other Credit
Documents, or of more fully perfecting or renewing the rights of the Agent and the Banks with respect to the Collateral (or with respect to any additions thereto or replacements or proceeds thereof or with respect to any other property or assets
hereafter acquired by any Credit Party which may be part of the Collateral) pursuant hereto or thereto, including without limitation using commercially reasonable efforts to obtain consents from contract counterparties with respect to any future
Mortgaged Contract that is material to (i) the Credit Parties’ business or financial condition or (ii) the operation and ownership of the Mortgaged Property to which it relates (including without limitation production, transportation,
and marketing of oil and gas produced therefrom), in each case, to the extent such material Mortgaged Contract prohibits or restricts assignment of the applicable Credit Party’s rights thereunder to the Agent, unless otherwise agreed by Agent
and the Majority Banks. Upon the exercise by the Agent or any Bank of any power, right, privilege or remedy pursuant to this Agreement or the other Credit Documents which requires any consent, approval, recording, qualification or authorization of
any Governmental Authority, each Credit Party will execute and deliver, or will cause the execution and delivery of, all applications, certifications, instruments and other documents and papers that the Agent or such Bank may be required to obtain
from the Borrower or any of its Subsidiaries for such governmental consent, approval, recording, qualification or authorization. 

Section 5.13.    Title Information and Cure. 

(a)    Within 60 days after the delivery to the Agent and the Banks of each Oil and Gas Reserve Report required by
Section 5.6, the Borrower shall deliver title information (provided that no title opinions shall be required) in form and substance reasonably acceptable to the Agent covering enough of the Oil and Gas Properties
evaluated by such Oil and Gas Reserve Report that were not included in the immediately preceding Oil and Gas Reserve Report, so that the Agent shall have received, together with title information previously delivered to the Agent, reasonably
satisfactory title information on at least 95% of the Aggregate Oil and Gas Property Value. 
 (b)    Within 60 days
after notice from the Agent that title defects or exceptions (including defects or exceptions as to priority, but excluding Permitted Liens) exist with respect to any Oil and Gas Properties such that the Agent no longer has reasonably satisfactory
title information on at least 95% of the Aggregate Oil and Gas Property Value, then the Borrower shall do one or a combination of the following so that the Agent shall have received, together with title information previously delivered to the Agent,
satisfactory title information on at least 95% of the Aggregate Oil and Gas Property Value: (i) cure any such title defects or exceptions, (ii) substitute acceptable Oil and Gas Properties having an equivalent or greater value with no
title defects or exceptions other than Permitted Liens or (iii) deliver title information (provided that no title opinions shall be required) in form and substance acceptable to the Agent. 

  
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 (c)    If the Borrower is unable to cure any title defect requested by Agent
to be cured within the 60-day period referred to in clause (b) above or the Borrower does not comply with the requirements to provide acceptable title information covering 95% of the Aggregate Oil and Gas
Property Value in accordance with clause (b) above, such failure shall not be an Event of Default, but instead the Agent shall have the right to exercise the following remedy in its sole discretion from time to time while such condition
persists, and any failure to so exercise this remedy at any such time shall not be a waiver as to future exercise of the remedy by Agent or the Banks. To the extent that the Agent is not satisfied with title to any Mortgaged Property after the 60-day period has elapsed, such unacceptable Mortgaged Property shall not count towards the 95% requirement, and the Agent may send a notice to the Borrower and the Banks that the then outstanding Borrowing Base
shall be reduced by 50% of the value given to such unacceptable Mortgaged Property in the most recently delivered Oil and Gas Reserve Report. 

Section 5.14.    [Reserved.] 

Section 5.15.    Anti-Corruption Laws. The Borrower shall, and shall cause each of its Subsidiaries to,
conduct its business in compliance with applicable Anti-Corruption Laws and maintain policies and procedures designed to promote and achieve compliance with such laws. 

Section 5.16.    ARO Account. The Borrower shall satisfy fixed, liquidated and undisputed costs and expenses
arising from plugging and abandonment liabilities and asset retirement obligations as such costs and expenses become due and payable solely from funds on deposit in the ARO Account,
dollar-for-dollar, until the ARO Account shall be a zero-dollar-account. The Borrower shall not use funds on deposit in the ARO
Account for any purpose other than satisfying fixed, liquidated and undisputed costs and expenses arising from plugging and abandonment liabilities and asset retirement obligations; provided, however, that if an Event of Default shall
have occurred and be continuing, funds on deposit in the ARO Account may be applied to pay outstanding Obligations hereunder. 

Section 5.17.    Swap Agreements. Subject in each case to Section 6.18, the Borrower
shall (i) within thirty (30) days following the Effective Date, enter into Swap Contracts with Approved Counterparties for notional volumes which, when aggregated with other commodity Swap Contracts then in effect, equal or exceed 25% of
Forecasted PDP Reserve Production for the calendar year ending December 31, 2017, and (ii) within one hundred twenty (120) days following the Effective Date, enter into Swap Contracts with Approved Counterparties for notional volumes
which, when aggregated with other commodity Swap Contracts then in effect, equal or exceed 50% of Forecasted PDP Reserve Production for the period of two (2) years ending December 31, 2018. 

Section 5.18.    Post-Closing Obligations. Within thirty (30) days of the Effective Date (or such longer
period of time as the Agent may agree in its reasonable discretion), but in any event within sixty (60) days of the Effective Date, and with respect to certain Oil and Gas Properties that are located on the outer continental shelf and that
might be deemed by the Borrower (in consultation with the Agent) to be adjacent to any or all of the counties of Mobile 

  
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and Baldwin in the State of Alabama and the counties of Hancock, Harrison and Jackson in the State of Mississippi, the Borrower shall or shall cause the Guarantors to (i) enter into a
Mortgage or Mortgages to be filed in such Alabama and Mississippi counties, as appropriate, and (ii) provide such opinions of counsel as are reasonably requested by the Agent in connection with the foregoing. 

ARTICLE VI 
 NEGATIVE
COVENANTS 
 The Borrower agrees to comply with the following covenants. 

Section 6.1.    Liens. The Borrower shall not create, assume, incur, or suffer to exist, or permit any of its
Restricted Subsidiaries to create, assume, incur, or suffer to exist, any Lien on or in respect of any of its Property whether now owned or hereafter acquired, except that the Borrower and its Subsidiaries may create, incur, assume, or suffer to
exist: 
 (a)    Liens securing the Obligations; 

(b)    Liens specified in the attached Schedule 6.1 on the Property owned by the Borrower and
its Restricted Subsidiaries which is specified therein securing only the obligations disclosed to be secured by such Liens therein; 

(c)    Liens securing Debt permitted under Section 6.2(c) and Section 6.2(h); provided that
(i) in respect of Debt permitted under Section 6.2(c) each such Lien encumbers only the Property acquired, leased, repaired, replaced, constructed, expanded or improved in connection with the creation of any such Debt, (ii) in
respect of Debt permitted under Section 6.2(h) (x) each such Lien encumbers only the insurance policy being financed and the proceeds thereof and (y) the aggregate amount of outstanding obligations secured by all such Liens does not
exceed $15,000,000 in the aggregate at any time, and (iii) no such Lien encumbers Borrowing Base Assets; 

(d)    Liens for taxes, assessments, or other governmental charges or levies that (i) are not yet due or
(ii) provided foreclosure, distraint, sale, or other similar proceedings shall not have been initiated, are being contested in good faith by appropriate proceedings, and for which such reserve as may be required by GAAP shall have been made;

 (e)    Liens in favor of vendors, carriers, warehousemen, repairmen, mechanics, workmen, materialmen, construction,
or similar Liens arising by operation of law in the ordinary course of business in respect of obligations that (i) are not overdue for a period of more than 30 days or (ii) are being contested in good faith by appropriate proceedings and
for which such reserves as may be required by GAAP shall have been made; 
 (f)    Liens to operators and non-operators under joint operating agreements arising in the ordinary course of the business of the Borrower or the relevant Subsidiary to secure amounts owing, which amounts are not yet due or are being contested
in good faith by appropriate proceedings, if such reserve as may be required by GAAP shall have been made therefor; 

  
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 (g)    (i) Easements, rights-of-way, restrictive covenants on real property, and other similar encumbrances, none of which interfere with the ordinary conduct of the business of Borrower or the relevant Subsidiary or materially
detract from the value or use of the Property to which they apply, and (ii) Immaterial Title Deficiencies; 

(h)    Liens (including the right of set-off and similar rights and remedies)
created in the ordinary course of business in favor of banks and other financial institutions over credit balances of, or attaching to, any bank accounts, commodity trading accounts or other brokerage accounts of the Borrower and the Restricted
Subsidiaries held at such banks or financial institutions, as the case may be; 
 (i)    Liens of record under terms and
provisions of the leases, unit agreements, assignments, and other transfer of title documents in the chain of title under which the Borrower or the relevant Subsidiary acquired the Property, which have been disclosed to the Agent; 

(j)    Liens to secure plugging and abandonment obligations; 

(k)    Liens on any amounts held by a trustee under any indenture or other debt agreement issued in escrow pursuant to
customary escrow arrangements pending the release thereof, or under any indenture or other debt agreement pursuant to customary discharge, redemption or defeasance provisions; 

(l)    Liens on cash or securities pledged to secure performance to the seller of any Property to be acquired in an
Investment pursuant to Section 6.6 to be applied against the purchase price for such Investment or representing a cash earnest money deposit or advance for any such potential Investment; 

(m)    Liens to secure the performance of bids, trade contracts and leases (other than Debt), statutory obligations,
surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 

(n)    Liens arising from precautionary Uniform Commercial Code financing statement or similar filings made in respect of
operating leases entered into by the Borrower or any of its Restricted Subsidiaries in the ordinary course of business; 

(o)    pledges or deposits in the ordinary course of business in connection with workers’ compensation, unemployment
insurance and other social security legislation, other than any Lien imposed by ERISA; 
 (p)    Liens securing
judgments for the payment of money not constituting an Event of Default under Section 7.1(f); 
 (q)    Liens
securing obligations not to exceed $5,000,000 in the aggregate at any time; 
 (r)    Liens to secure the Debt permitted
under Section 6.2(l), provided that such Liens shall at all times be subject to the terms of the Intercreditor Agreement; and 

  
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 (s)    Liens or deposits in the ordinary course of business (i) in
connection with workers’ compensation, unemployment insurance and other social security legislation and (ii) securing liability for reimbursement or indemnification obligations of insurance carriers providing property, casualty or
liability insurance to the Borrower or any of its Restricted Subsidiaries. 
 Section 6.2.    Debt. The
Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, create, assume, suffer to exist, or in any manner become or be liable in respect of, any Debt except: 

(a)    the Obligations; 

(b)    Debt of the Borrower and its Restricted Subsidiaries disclosed in the attached
Schedule 6.2 and any extensions, contemporaneous rearrangements, modifications, renewal, and refinancings thereof which do not increase the then-outstanding principal amount thereof or the interest rate charged thereon
above a market rate of interest or shorten the maturity thereof; 
 (c)    Debt (including Capital Leases and purchase
money obligations) incurred to finance (concurrently with or within 90 days after) the acquisition, construction or improvement of any fixed or capital assets and any Acquired Debt assumed in connection with Permitted Acquisitions in an aggregate
amount under this clause (c) not to exceed $15,000,000; 
 (d)    Debt for borrowed money owed
by: (i) any Restricted Subsidiary of the Borrower to the Borrower or to any other Credit Party; (ii) the Borrower to any other Credit Party; or (iii) any Restricted Subsidiary of the Borrower that is not a Guarantor to any other
Restricted Subsidiary; provided that, in each case, any such Debt over $1,000,000 owed to a Credit Party is evidenced by a promissory note that is pledged and delivered to the Agent; 

(e)    Debt in the form of obligations for the deferred purchase price of property or services incurred in the ordinary
course of business which are not yet due and payable or are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP have been established; 

(f)    any guarantee of any other Debt permitted to be incurred hereunder; 

(g)    Debt in respect of letters of credit, bank or completion guarantees, surety, performance, warranty, bid, appeal or
other bonds or guarantees and similar instruments, in each case to the extent (x) required by applicable Legal Requirements or any third Person and (y) provided in the ordinary course of business in connection with the operation of the Oil
and Gas Properties; 
 (h)    Debt incurred to finance insurance premiums; 

(i)    endorsements of negotiable instruments for collection in the ordinary course of business and cash management
obligations (including unsecured credit card programs) incurred in the ordinary course of business; 

(j)    [Reserved.] 

  
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 (k)    provided that no Default or Event of Default has occurred and is
continuing at the time of incurrence, other Debt in an aggregate principal amount not to exceed $10,000,000 at any time outstanding; and 

(l)    Debt evidenced by the Second Lien Note Documents in an aggregate outstanding amount not to exceed the Second Lien
Debt Amount. 
 Section 6.3.    Agreements Restricting Liens and Distributions. The Borrower shall not, nor
shall it permit any of its Restricted Subsidiaries to, enter into any agreement (other than a Credit Document, Second Lien Note Documents and Swap Contracts), which (a) except with respect to specific Property encumbered to secure payment of
Debt related to such Property, imposes restrictions upon the creation or assumption of any Lien upon its Properties, revenues or assets, whether now owned or hereafter acquired, in favor of the Agent and the Banks or (b) limits Restricted
Payments by, or any advance by, any of the Borrower’s Restricted Subsidiaries to the Borrower; provided that (i) no Second Lien Note Document or Swap Contract shall limit the creation or existence of any Lien securing the
Obligations, or contain limitations on Restricted Payments made by any Restricted Subsidiary to the Borrower or any other Restricted Subsidiary that are more restrictive than the limitations in Section 6.5 of this Agreement
and (ii) no Swap Contract shall limit the creation or assumption of a Lien in favor of the Agent and the Banks except to the extent that such Lien would apply to cash margin posted to secure such Swap Contract. 

Section 6.4.    Merger or Consolidation; Dispositions. The Borrower shall not, and shall not permit any of its
Restricted Subsidiaries to: 
 (a)    merge or consolidate with or into any other Person, except that: 

(i)    any Subsidiary may merge or consolidate with (A) the Borrower; provided that the
Borrower shall be the continuing or surviving Person or (B) any one or more other Subsidiaries; provided that (x) when any Restricted Subsidiary is merging with any other Subsidiary, the continuing or surviving Person shall be a
Restricted Subsidiary and (y) when any Guarantor is merging with any other Subsidiary, (1) the continuing or surviving Person shall be, or substantially concurrently therewith become, a Guarantor or (2) the transaction must be
permitted as an Investment under Section 6.6; and 
 (ii)    the Borrower and
any Restricted Subsidiary may merge or consolidate with any other Person that is not a Subsidiary in a transaction in which the Borrower or the Restricted Subsidiary, as applicable, is the surviving or continuing Person in connection with an
Investment permitted under Section 6.6. 
 (b)    sell, lease, transfer, or otherwise dispose
of any of its Property, or an equity interest in a Restricted Subsidiary, (including pursuant to a Farm-Out Agreement, participation, or other agreement that would reduce the Borrower’s or such Restricted
Subsidiary’s interest in any Property but excluding, for the avoidance of doubt, issuances of Equity Interests by (1) the Borrower, (2) any Subsidiary of a Credit Party to a Credit Party or (3) any Restricted Subsidiary

  
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that is not a Guarantor to any other Restricted Subsidiary) (each of the foregoing, a “Disposition”), except: 

(i)    any Subsidiary may Dispose of all or substantially all of its Property (upon voluntary liquidation
or otherwise) to the Borrower or to another Subsidiary; provided that (A) if the transferor in such a transaction is a Restricted Subsidiary, then the transferee must either be the Borrower or another Restricted Subsidiary and
(B) if the transferor is a Credit Party, then (1) the transferee must either be the Borrower or be a Guarantor or substantially concurrently with such Disposition become a Guarantor or (2) the Disposition must be permitted as
Investment under Section 6.6; 
 (ii)    Dispositions of Hydrocarbons and other
inventory in the ordinary course of business; 
 (iii)    (A) Dispositions of (1) Oil and Gas
Properties to which no proved reserves are attributable and (2) Oil and Gas Properties that are not Borrowing Base Assets and other assets not included in the Borrowing Base and (B) Farm-Out
Agreements with respect to undeveloped acreage to which no proved reserves are attributable and assignments in connection with such Farm-Out Agreements; provided that each such Disposition must be made
for not less than Fair Market Value; 
 (iv)    Dispositions of (A) equipment, vehicles and
immaterial assets (other than accounts receivable or Borrowing Base Assets) that are no longer necessary for the business of the Borrower or such Subsidiary or is replaced within a reasonable time period by equipment, vehicles and other assets of at
least comparable value and use and (B) Liquid Investments; 
 (v)    the Borrower and the Restricted
Subsidiaries may Dispose of property or assets to the Borrower or to another Subsidiary; provided that (A) if the transferor in such a transaction is a Restricted Subsidiary, then the transferee must either be the Borrower or another
Restricted Subsidiary (unless such Disposition is otherwise permitted under Section 6.4(b) or Section 6.6) and (B) if the transferor is a Credit Party, then (1) the transferee must either
be the Borrower or be a Guarantor or substantially concurrently with such Disposition become a Guarantor or (2) the Disposition must be otherwise permitted as a Disposition under Section 6.4(b) or an Investment under
Section 6.6; 
 (vi)    Dispositions (directly or indirectly), whether or not
in the ordinary course of business, of Borrowing Base Assets or any interest therein or the Equity Interests of any Person owning Borrowing Base Assets (and including the unwinding of any Swap Contract and Dispositions in connection with net profits
interests, operating agreements, Farm-In Agreements, joint exploration and development agreements customary in the oil and gas industry for the purpose of developing such Borrowing Base Assets), including
Mortgaged Properties, of which the Borrower has provided the Agent ten days’ advance notice; provided that (y) such proposed Dispositions will not cause a Borrowing Base Deficiency, after giving effect to any reduction of the
Borrowing Base that would be required under Section 2.2(e) in connection with such Disposition and (z) in the case of any Disposition (directly or indirectly) of a Mortgaged Property, at the time of such Disposition
the Mortgaged Property Value is not less than 95% of the Aggregate Oil and Gas Property Value, as set forth in the Oil and Gas Reserve Report most recently delivered pursuant to Section 5.6(c), after giving effect to
(1) any reduction of such 

  
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present value (which shall be the present value given to such assets in such most recent Oil and Gas Reserve Report, including the applicable stated discount utilized therein, in connection with
such Disposition) on a cumulative basis with all direct or indirect sales of Mortgaged Properties since the date of such report and (2) the aggregate present value, as set forth in such Oil and Gas Reserve Report and discounted at the
applicable rate stated in such Oil and Gas Reserve Report, of any additional Oil and Gas Properties mortgaged by the Borrower or the Guarantors in accordance with the requirements of Section 5.12 prior to or concurrently
with such Disposition (on a cumulative basis with all mortgages of additional Oil and Gas Properties since the date of such report). 

Section 6.5.    Dividends, Distributions, Redemptions and Amendments. 

(a)    The Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, make or pay any Restricted
Payment other than the following: 
 (i)    Restricted Payments from a Subsidiary of the Borrower
(A) ratably with respect to the holders of their Equity Interests or (B) in any manner to a Credit Party; 

(ii)    The Borrower and each of its Restricted Subsidiaries may purchase, redeem or otherwise acquire
Equity Interests issued by it with the proceeds received from the substantially concurrent issue of new shares of its common stock or other Equity Interests; 

(iii)    The Borrower and each of its Restricted Subsidiaries may make Restricted Payments to, directly or
indirectly, purchase the Equity Interests of the Borrower from present or former officers, directors, consultants, agents or employees (or their estates, trusts, family members or former spouses) of the Borrower or any Restricted Subsidiary upon the
death, disability, retirement, or termination of the applicable officer, director, consultant, agent or employee, provided that the aggregate amount of payments pursuant to this Section 6.5(a)(iii) shall not exceed
(A) $1,000,000 in any calendar year and (B) $2,500,000 in the aggregate; 

(iv)    Non-cash repurchases of Equity Interests of the Borrower
deemed to occur upon exercise of stock options or warrants or the settlement or vesting of other equity awards if such Equity Interests represent a portion of the exercise price of such options or warrants or similar equity incentive awards; and

 (v)    The Borrower may make Restricted Payments to allow the Borrower to make cash payments in lieu
of the issuance of fractional shares in connection with the exercise of warrants, options or other securities convertible into or exchangeable for Equity Interests of the Borrower. 

(b)    The Borrower will not, and will not permit any Restricted Subsidiary to call, make or offer to make any optional or
voluntary Redemption of or otherwise optionally or voluntarily Redeem (whether in whole or in part) the Second Lien Notes; provided that the Borrower may optionally Redeem such Debt by converting or exchanging such Second Lien Notes into
Equity Interests of the Borrower. 

  
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 Section 6.6.    Investments. The Borrower shall not, and shall
not permit any of its Restricted Subsidiaries to, make or permit to exist any loans, advances, or capital contributions to, guarantees, credit support, or other support of or liability for the financial or performance obligations of, or make any
investment in, or purchase or commit to purchase any stock or other securities or evidences of Debt of or Equity Interests in any Person (each, an “Investment”), except: 

(a)    Liquid Investments; 

(b)    Investments outstanding on the date hereof and listed on Schedule 6.6; 

(c)    trade and customer accounts receivable which are for goods furnished or services rendered in the ordinary course of
business and are payable in accordance with customary trade terms; 
 (d)    Investments (i) by the Borrower or any
Restricted Subsidiary in any Credit Party and (ii) by any Restricted Subsidiary that is not a Guarantor in any other Restricted Subsidiary; 

(e)    [Reserved.]; 

(f)    [Reserved.]; 

(g)    Farm-Out Agreements, Farm-In
Agreements, development venture agreements, joint operating agreements, area of mutual interest agreements, limited partnerships, investments in gathering systems or pipelines, and similar transactions, in each case related to oil and gas
exploration and production businesses and in the ordinary course of business; 
 (h)    other Investments, valued at
their Fair Market Value at the time each such Investment is made, in an aggregate amount not to exceed $15,000,000; 

(i)    loans or advances to employees, officers or directors in the ordinary course of business of the Borrower or any of
its Subsidiaries, in each case only as permitted by applicable law, including Section 402 of the Sarbanes Oxley Act of 2002, but in any event not to exceed $1,000,000 in the aggregate at any time; 

(j)    Investments in stock, obligations or securities received in settlement of debts arising from investments permitted
under this Section 6.6 owing to the Borrower or any Subsidiary as a result of a bankruptcy or other insolvency proceeding of the obligor in respect of such debts or upon the enforcement of any Lien in favor of the Borrower
or any of its Subsidiaries; and 
 (k)    Investments made with proceeds of the substantially concurrent issuance of
common Capital Stock of the Borrower so long as the Specified Covenant Test is satisfied with respect to such Investment. 

Section 6.7.    Prohibition on Speculative Hedging. The Borrower shall not, and shall not permit any of its
Subsidiaries to, purchase, assume, or hold a speculative position in any commodities market or futures market. Subject to Sections 5.17 and 6.18, Borrower may continue its current production hedging program policy,
including swaps, puts, and collars, to reduce price risk on quantities less than its total production. 

  
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 Section 6.8.    Affiliate Transactions. Except as expressly
permitted elsewhere in this Agreement or otherwise approved in writing by the Agent, and except as described in Schedule 6.8, the Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, make,
directly or indirectly: (a) any Investment in any Affiliate (other than a Restricted Subsidiary or a Person who will become a Restricted Subsidiary as a result of such Investment); (b) any Disposition of any Property to any such Affiliate
or any purchase or acquisition of assets from any such Affiliate (other than a Restricted Subsidiary); or (c) any arrangement or other transaction directly or indirectly with or for the benefit of any such Affiliate (other than a Restricted
Subsidiary or a Person who will become a Restricted Subsidiary as a result of such transaction) (including without limitation guaranties and assumptions of obligations of an Affiliate), unless in any such case such transactions are upon fair and
reasonable terms no less favorable to it than it would obtain in a comparable arm’s-length transaction with a Person not an Affiliate; provided that the foregoing shall not apply to any amendments
to the transactions set forth on Schedule 6.8 or arrangement similar thereto to the extent such an amendment or arrangement is not adverse, taken as a whole, to the Banks in any material respect (as determined by the
Borrower in good faith). 
 Section 6.9.    Compliance with ERISA. The Borrower shall not, and shall not
permit any of its Restricted Subsidiaries to, (a) terminate, or permit any ERISA Affiliate to terminate, any Pension Plan so as to result in any material (in the opinion of the Majority Banks) liability of the Borrower or any ERISA Affiliate to
the PBGC or (b) permit to exist any occurrence of any Reportable Event, or any other event or condition, which presents a material (in the opinion of the Majority Banks) risk of such a termination by the PBGC of any Plan. 

Section 6.10.    Maintenance of Ownership of Subsidiaries. Except as permitted by
Section 6.4, the Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, Dispose of any shares of Capital Stock of any of the Borrower’s Restricted Subsidiaries or permit any Restricted
Subsidiary to issue, sell, or otherwise dispose of any shares of its Capital Stock or the Capital Stock of any of the Borrower’s Restricted Subsidiaries. 

Section 6.11.    
Sale-and-Leaseback. The Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to, sell or transfer to a Person (other than the Borrower or a
Subsidiary of the Borrower) any property, whether now owned or hereafter acquired, if at the time or thereafter the Borrower or a Subsidiary of the Borrower shall lease as lessee such property or any part thereof or other property which the Borrower
or a Subsidiary of the Borrower intends to use for substantially the same purpose as the property sold or transferred except such transactions (x) incident to transactions permitted by Section 6.4(b), and (y) from
which arise lease obligations and other rental obligations not exceeding $3,000,000 during any fiscal year of the Borrower. 

Section 6.12.    Change of Business. The Borrower shall not, nor shall it permit any of its Restricted
Subsidiaries to, materially change the character of their business as an independent oil and gas exploration and production company and business substantially related thereto. 

  
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 Section 6.13.    Financial Performance Tests. 

(a)    Consolidated Funded Leverage Ratio. 

Consolidated Funded Leverage Ratio: The Borrower will not permit the Consolidated Funded Leverage Ratio as of the last day of a Test Period to exceed the
corresponding maximum Consolidated Funded Leverage Ratio set forth below next to such Test Period: 
  

			
	 Test Period
	  	Maximum Consolidated Funded
Leverage Ratio
	 Test Period ending March 31, 2017
	  	2.75 to 1.00
		
	 Test Period ending June 30, 2017
	  	2.50 to 1.00
		
	 Test Period ending September 30, 2017
	  	3.00 to 1.00
		
	 Test Period ending December 31, 2017
	  	2.75 to 1.00
		
	 Test Period ending March 31, 2018
	  	2.50 to 1.00
		
	 Test Period ending June 30, 2018
	  	2.50 to 1.00
		
	 Test Period ending September 30, 2018
	  	2.50 to 1.00
		
	 Test Period ending December 31, 2018
	  	2.50 to 1.00
		
	 Test Period ending March 31, 2019
	  	2.75 to 1.00
		
	 Test Period ending June 30, 2019
	  	3.00 to 1.00
		
	 Test Period ending September 30, 2019
	  	3.50 to 1.00
		
	 Test Period ending December 31, 2019
	  	3.50 to 1.00
		
	 Test Period ending March 31, 2020
	  	3.00 to 1.00
		
	 Test Period ending June 30, 2020
	  	2.75 to 1.00
		
	 Test Period ending September 30, 2020
	  	2.75 to 1.00
		
	 Test Period ending December 31, 2020
	  	2.50 to 1.00
		
	 Test Period ending March 31, 2021
	  	2.50 to 1.00

 (b)    Interest Coverage Ratio: The Borrower shall not permit the ratio, as of the
last day of any fiscal quarter of the Borrower (commencing with the fiscal quarter ended March 31, 2017), of (a) EBITDA for the most recent Test Period to (b) Net Interest Expense for the most recent Test Period, to be less than 2.75
to 1.00. 

  
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 (c)    Liquidity: At all times, the Borrower shall not permit
Liquidity to be less than the Dollar value of twenty percent (20%) of the Borrowing Base then in effect. 

Section 6.14.    Subordinated Debt. The Borrower (a) shall not violate the subordination terms governing
any Debt which is by its terms subordinated to the Obligations and (b) shall not amend the subordination terms governing any such Debt in any manner adverse to the Banks without prior written consent of the Majority Banks. 

Section 6.15.    Sanctions. The Borrower shall not directly or indirectly, use the proceeds of any Advance or
issuance of a Letter of Credit, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other individual or entity, to fund any activities of or business with any individual or entity, or in any
Designated Jurisdiction, that, at the time of such funding, is the subject of Sanctions, or in any other manner that will result in a violation by any individual or entity (including any individual or entity participating in the transaction, whether
as Bank, Arranger, Agent, Issuing Bank, or otherwise) of Sanctions. 
 Section 6.16.    Anti-Corruption
Laws. Directly or indirectly use the proceeds of any Advance or Letter of Credit for any purpose which would breach the Anti-Corruption Laws. 

Section 6.17.    Acceptable Cash Arrangements. At all times, the Borrower shall not, and shall not permit any
of its Restricted Subsidiaries to, deposit or maintain funds in excess of $500,000 in a manner that is not subject to Acceptable Cash Arrangements other than deposit accounts used solely (a) to pay payroll, employee wage and benefit payments,
payroll taxes or other taxes, (b) for escrow or trust purposes, (c) for royalty suspense amounts or other third party funds or (d) as a zero balance account. 

Section 6.18.    Swap Contracts. 

(a)    In connection with the performance of obligations under Section 5.17 hereof, Borrower
shall not, and shall not permit any of its Restricted Subsidiaries to, enter into any commodity Swap Contract (i) with any Person other than an Approved Counterparty and (ii) for notional volumes which, when aggregated with other commodity
Specified Swap Contracts then in effect (other than basis differential swaps on volumes already hedged pursuant to other Swap Contracts), exceed, as of the date such Swap Contract is executed, 75% of Forecasted PDP Reserve Production for the period
of two (2) years commencing with the first full month after the date such Swap Contract trade or transaction is created. 

(b)    In no event shall any Swap Contract with an Approved Counterparty that is not a Hedge Bank contain any requirement,
agreement or covenant for the Borrower or any Restricted Subsidiary to post collateral, credit support (including in the form of letters of credit) or margin to secure their obligations under such Swap Contract or to cover market exposures. For the
avoidance of doubt, any Approved Counterparty that is not a Hedge Bank shall not constitute a Secured Party hereunder. 

  
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 ARTICLE VII 

REMEDIES 

Section 7.1.    Events of Default. The occurrence of any of the following events shall constitute an
“Event of Default” under any Credit Document: 
 (a)    Payment. The Borrower shall fail to pay
(i) any principal of any Advance or any reimbursement obligation in respect of any Letter of Credit Obligation when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or
otherwise, or (ii) any interest on any Advance or any fee or any other amount (other than an amount referred to in clause (i) above) payable under any Credit Document, when and as the same shall become due and payable,
and such failure shall continue unremedied for a period of five Business Days. 
 (b)    Representation and
Warranties. Any representation or warranty made or deemed to be made (i) by the Borrower in this Agreement or in any other Credit Document, (ii) by the Borrower (or any of its officers) in connection with this Agreement or any other
Credit Document, or (iii) by any Subsidiary of the Borrower in any Credit Document shall prove to have been incorrect in any material respect when made or deemed to be made; 

(c)    Covenant Breaches. 

(i)    The Borrower shall fail to perform or observe any covenant contained in
Section 5.2, 5.3, 5.5, 5.6 (except for clauses (h), (i) and (n) thereof), 5.9, 5.11, 5.12, 5.13, 5.15, 5.16,
5.17, 5.18 or Article VI of this Agreement, 
 (ii)    any Guarantor shall fail to
perform or observe any covenant contained in its Guaranty, or 
 (iii)    any Credit Party shall fail to
perform or observe any other term or covenant set forth in this Agreement or in any other Credit Document which is not covered by clause (i) or (ii) above, or any other provision of this
Section 7.1, if such failure shall remain unremedied for thirty (30) days after the earlier of written notice of such default shall have been given to such Person by the Agent or any Bank or such Person’s actual
knowledge of such default; 
 (d)    Cross-Defaults. (i) The Borrower or any of its Restricted Subsidiaries
shall fail to pay any principal of or premium or interest on its Material Obligations when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue
after the applicable grace period, if any, specified in the agreement or instrument relating to such Material Obligations; (ii) any other event shall occur or condition shall exist under any agreement or instrument relating to Material
Obligations, and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such event or condition is to accelerate, or to permit the acceleration of, the maturity of such Material
Obligations; or (iii) any Material Obligations shall be declared to be due and payable, or required to be prepaid (other than by a regularly scheduled required prepayment), prior to the stated maturity thereof; provided that this
clause (d) shall not apply to 

  
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(y) secured Debt that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Debt, if such sale or transfer is permitted hereunder and under the
documents providing for such Debt and (z) termination events or similar events occurring under any Swap Contract that constitutes Material Obligations (it being understood that this clause (d) will apply to any failure
to make any payment required as a result of any such termination or similar event); 
 (e)    Insolvency. The
Borrower or any of its Restricted Subsidiaries shall generally not pay its debts as such debts become due, or shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any
proceeding shall be instituted by or against the Borrower or any of its Restricted Subsidiaries seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or
composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee or other similar official for it or for any
substantial part of its property and, in the case of any such proceeding instituted against the Borrower or any such Restricted Subsidiary, either such proceeding shall remain undismissed for a period of 60 days or any of the actions sought in such
proceeding shall occur; or the Borrower or any of its Restricted Subsidiaries shall take any corporate action to authorize any of the actions set forth above in this clause (e); 

(f)    Judgments. Any judgment or order for the payment of money in excess of $10,000,000 (not fully covered by
insurance) shall be rendered against the Borrower or any of its Restricted Subsidiaries and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (ii) there shall be any period of 30
consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; 

(g)    ERISA Events. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has
resulted or could reasonably be expected to result in liability of the Borrower under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of $10,000,000, or (ii) the Borrower or any ERISA
Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of
$10,000,000; 
 (h)    Plan Withdrawals. The Borrower or any ERISA Affiliate as employer under a Multiemployer
Plan shall have made a complete or partial withdrawal from such Multiemployer Plan and the plan sponsor of such Multiemployer Plan shall have notified such withdrawing employer that such employer has incurred a withdrawal liability in an annual
amount exceeding $10,000,000; 
 (i)    Borrowing Base. Any failure to cure any Borrowing Base Deficiency in
accordance with Section 2.4, including any failure to make payments to cure the Borrowing Base Deficiency within the time period specified by and in accordance with Section 2.4(b); 

  
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 (j)    Credit Documents; Security Interests. Any provision of any
Credit Document shall for any reason cease to be valid and binding on the applicable Credit Parties or any such Credit Party or any Credit Party shall so state in writing. Any Security Document shall for any reason (other than as permitted pursuant
to the terms thereof or hereof) cease to create a valid and perfected lien on and security interest in any material portion of the Collateral or any Credit Party shall so state in writing; or 

(k)    Change of Control. (i) As a result of one or more transactions (other than the transactions
contemplated by the Plan of Reorganization) after the Effective Date, any “person” or “group” of persons, other than a Permitted Holder, shall have “beneficial ownership” of more than forty-five percent (45%) of the
outstanding common stock of the Borrower (within the meaning of Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended, and the applicable rules and regulations thereunder), provided that the relationships among the
officers and directors of the Borrower and among the respective shareholders of the Borrower on the Effective Date shall not be deemed to constitute all or any combination of them as a “group”; (ii) during any period of twelve
(12) consecutive months, beginning with and after the Effective Date, individuals who at the beginning of such twelve-month period were directors of the Borrower or who were nominated for election by a majority of the persons who were directors
of the Borrower at the beginning of such period cease for any reason to constitute a majority of the board of directors of the Borrower at any time during such period; (iii) any event or circumstance that constitutes a “Change of
Control” as defined in the Second Lien Note Indenture shall occur; or (iv) with respect to any Material Obligation, the occurrence of any event or circumstance that constitutes a change of control resulting in a default or event of default
or results in a redemption, repayment or repurchase obligation. 
 (l)    Confirmation Order; Plan of
Reorganization. In each case without the prior written consent of the Agent (with the consent of the Required Banks), (i) the Confirmation Order shall be reversed, vacated, stayed, subject to appeal, amended, supplemented, or otherwise
modified or (ii) the Plan of Reorganization shall be revoked, withdrawn, amended, supplemented, or otherwise modified. 

Section 7.2.    Optional Acceleration of Maturity. If any Event of Default (other than an Event of Default
pursuant to clause (e) of Section 7.1) shall have occurred and be continuing, then, and in any such event, 

(a)    the Agent (i) shall at the request, or may with the consent, of the Majority Banks, by notice to the Borrower,
declare the obligation of each Bank and the Issuing Bank to make extensions of credit hereunder, including making Advances and issuing Letters of Credit, to be terminated, whereupon the same shall forthwith terminate, and (ii) shall at the
request, or may with the consent, of the Majority Banks, by notice to the Borrower, declare all principal, interest, fees, reimbursements, indemnifications, and all other amounts payable under this Agreement, the Notes, and the other Credit
Documents to be forthwith due and payable, whereupon all such amounts shall become and be forthwith due and payable in full, without notice of intent to demand, demand, presentment for payment, notice of nonpayment, protest, notice of protest,
grace, notice of dishonor, notice of intent to accelerate, notice of acceleration, and all other notices, all of which are hereby expressly waived by the Borrower; 

  
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 (b)    the Borrower shall, on demand of the Agent at the request or with the
consent of the Majority Banks, deposit with the Agent into the Cash Collateral Account an amount of cash equal to the Letter of Credit Exposure as security for the Obligations; and 

(c)    the Agent shall at the request of, or may with the consent of, the Majority Banks proceed to enforce its rights and
remedies under the Guaranties and any other Credit Document for the ratable benefit of the Banks by appropriate proceedings. 

Section 7.3.    Automatic Acceleration of Maturity. If any Event of Default pursuant to
clause (e) of Section 7.1 shall occur, 
 (a)    (i) the
obligation of each Bank and the Issuing Bank to make extensions of credit hereunder, including making Advances and issuing Letters of Credit, shall terminate, and (ii) all principal, interest, fees, reimbursements, indemnifications, and all
other amounts payable under this Agreement, the Notes, and the other Credit Documents shall become and be forthwith due and payable in full, without notice of intent to demand, demand, presentment for payment, notice of nonpayment, protest, notice
of protest, grace, notice of dishonor, notice of intent to accelerate, notice of acceleration, and all other notices, all of which are hereby expressly waived by the Borrower; 

(b)    the Borrower shall deposit with the Agent into the Cash Collateral Account an amount of cash equal to the
outstanding Letter of Credit Exposure as security for the Obligations; and 
 (c)    the Agent shall at the request of,
or may with the consent of, the Majority Banks proceed to enforce its rights and remedies under the Guaranties and any other Credit Document for the ratable benefit of the Banks by appropriate proceedings. 

Section 7.4.    Right of Setoff. If an Event of Default shall have occurred and be continuing, each Bank, the
Issuing Bank, and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand,
provisional or final, in whatever currency) at any time held, and other obligations (in whatever currency) at any time owing, by such Bank, the Issuing Bank or any such Affiliate, to or for the credit or the account of the Borrower or any other
Credit Party against any and all of the obligations of the Borrower or such Credit Party now or hereafter existing under this Agreement or any other Credit Document to such Bank or the Issuing Bank or their respective Affiliates, irrespective of
whether or not such Bank, Issuing Bank or Affiliate shall have made any demand under this Agreement or any other Credit Document and although such obligations of the Borrower or such Credit Party may be contingent or unmatured or are owed to a
branch, office or Affiliate of such Bank or the Issuing Bank different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness; provided that in the event that any Defaulting Bank shall exercise any such
right of setoff, (x) all amounts so set off shall be paid over immediately to the Agent for further application in accordance with the provisions of Section 2.16 and, pending such payment, shall be segregated by such
Defaulting Bank from its other funds and deemed held in trust for the benefit of the Agent, the Issuing Bank, and the Banks, and (y) the Defaulting Bank shall provide promptly to the Agent a statement describing in reasonable detail the
Obligations owing to such 

  
 95 

 
Defaulting Bank as to which it exercised such right of setoff. The rights of each Bank, the Issuing Bank and their respective Affiliates under this Section 7.4 are in
addition to other rights and remedies (including other rights of setoff) that such Bank, the Issuing Bank or their respective Affiliates may have. Each Bank and the Issuing Bank agrees to notify the Borrower and the Agent promptly after any such
setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application. 

The Agent, the Issuing Bank and each Bank agrees to promptly notify the Borrower and the Agent promptly after any such setoff and application,
provided that the failure to give such notice shall not affect the validity of such setoff and application. The rights of the Agent, the Issuing Bank and each Bank under this Section 7.4 are in addition to any other rights
and remedies (including, without limitation, other rights of setoff) which the Agent, the Issuing Bank or such Bank may have. 

Section 7.5.    Actions Under Credit Documents. Following an Event of Default, the Agent shall at the request,
or may with the consent, of the Majority Banks, take any and all actions permitted under the other Credit Documents, including enforcing its rights under the Guaranties for the ratable benefit of the Banks. 

Section 7.6.    Non-exclusivity of Remedies. No remedy conferred upon
the Agent is intended to be exclusive of any other remedy, and each remedy shall be cumulative of all other remedies existing by contract, at law, in equity, by statute or otherwise. 

Section 7.7.    Application of Funds. After the exercise of remedies provided for above (or after the Advances
have automatically become immediately due and payable and the Letter of Credit Obligations have automatically been required to be Cash Collateralized as set forth in Section 7.3), any amounts received on account of the
Obligations shall, subject to the provisions of Sections 2.15 and 2.16, be applied by the Agent in the following order: 

First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts
(including fees, charges and disbursements of counsel to the Agent) payable to the Agent in its capacity as such; 

Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than
principal, interest, Letter of Credit Fees, and Obligations with respect to Specified Swap Contracts and Specified Cash Management Agreements) payable to the Banks and the Issuing Bank (including fees, charges and disbursements of counsel to the
respective Banks and the Issuing Bank and amounts payable under Sections 2.11, 2.12, and 2.13), ratably among them in proportion to the respective amounts described in this
clause Second payable to them; 
 Third, to payment of that portion of the
Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Advances and other Obligations (other than Obligations with respect to Specified Swap Contracts and Specified Cash Management Agreements), ratably among the Banks
and the Issuing Bank in proportion to the respective amounts described in this clause Third payable to them; 

  
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 Fourth, to payment of that portion of the Obligations constituting unpaid
principal of the Advances, and Obligations with respect to Specified Swap Contracts and Specified Cash Management Agreements, ratably among the Banks, the Issuing Bank, and the holders of Obligations under Specified Swap Contracts and Specified Cash
Management Agreements, in proportion to the respective amounts described in this clause Fourth held by them; 

Fifth, to the Agent for the account of the Issuing Bank, to Cash Collateralize that portion of Letter of Credit
Obligations comprised of the aggregate undrawn amount of Letters of Credit to the extent not otherwise Cash Collateralized by the Borrower pursuant to Section 2.15; and 

Last, the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Borrower or as
otherwise required by the Intercreditor Agreement or applicable law. 
 Excluded Swap Obligations with respect to any Guarantor shall not be
paid with amounts received from such Guarantor or its assets, but appropriate adjustments shall be made with respect to payments from other Credit Parties to preserve the allocation to Obligations otherwise set forth above in this
Section 7.7. 
 Subject to Section 2.6(d) and 2.15, amounts used to Cash
Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Fifth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash
Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. 

Notwithstanding the foregoing, Obligations arising under Specified Cash Management Agreements and Specified Swap Contracts shall be excluded
from the application described above if the Agent has not received written notice thereof, together with such supporting documentation as the Agent may request, from the applicable Bank or Affiliate of the Bank party to such Specified Cash
Management Agreement or Specified Swap Contract, as the case may be. Each such Affiliate not a party to the Credit Agreement that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and
accepted the appointment of the Agent pursuant to the terms of Article VIII hereof for itself and its Affiliates as if a “Bank” party hereto. 

ARTICLE VIII 
 THE AGENT
AND THE ISSUING BANK 
 Section 8.1.    Appointment and Authorization of Agent. 

(a)    Each of the Banks (including in its capacity as a potential Hedge Bank and a potential Cash Management Bank) and the
Issuing Bank hereby irrevocably appoints Bank of America to act on its behalf as the Agent hereunder and under the other Credit Documents (including, for the avoidance of doubt, the Intercreditor Agreement) and authorizes the Agent to take such
actions on its behalf and to exercise such powers as are delegated to the Agent by the 

  
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terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. Without limiting the generality of the foregoing, each of the Banks (including in its capacity
as a potential Hedge Bank and a potential Cash Management Bank) and the Issuing Bank hereby authorize the Agent to execute the Intercreditor Agreement on their behalf. The provisions of this Article VIII are solely for the benefit of the
Agent, the Banks and the Issuing Bank, and the Borrower shall not have rights as a third party beneficiary of any of such provisions except for the Borrower’s consultation rights explicitly set forth in Section 8.6. It
is understood and agreed that the use of the term “agent” herein or in any other Credit Documents (or any other similar term) with reference to the Agent is not intended to connote any fiduciary or other implied (or express) obligations
arising under agency doctrine of any applicable Legal Requirements. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. 

(b)    The Agent shall also act as the “collateral agent” under the Credit Documents (including, for the
avoidance of doubt, the Intercreditor Agreement), and each of the Banks (including in its capacity as a potential Hedge Bank and a potential Cash Management Bank) and the Issuing Bank hereby irrevocably appoints and authorizes the Agent to act as
the agent of such Bank and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Credit Parties to secure any of the Obligations, together with such powers and discretion as are
reasonably incidental thereto. In this connection, the Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Agent pursuant to Section 8.5 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security
Documents, or for exercising any rights and remedies thereunder at the direction of the Agent), shall be entitled to the benefits of all provisions of this Article VIII (including Section 8.12 and
Article IX, as though such co-agents, sub-agents and
attorneys-in-fact were the “collateral agent” under the Credit Documents) as if set forth in full herein with respect thereto. 

(c)    The Issuing Bank shall act on behalf of the Banks with respect to any Letters of Credit issued by it and the
documents associated therewith, and the Issuing Bank shall have all of the benefits and immunities (i) provided to the Agent in this Article VIII with respect to any acts taken or omissions suffered by the Issuing Bank in connection with
Letters of Credit issued by it or proposed to be issued by it and the applications and agreements for letters of credit pertaining to such Letters of Credit as fully as if the term “Agent” as used in this Article VIII and in the
definition of “Agent-Related Person” included the Issuing Bank with respect to such acts or omissions, and (ii) as additionally provided herein with respect to the Issuing Bank. 

Section 8.2.    Rights as a Bank. The Person serving as the Agent hereunder shall have the same rights and
powers in its capacity as a Bank as any other Bank and may exercise the same as though it were not the Agent and the term “Bank” or “Banks” shall, unless otherwise expressly indicated or unless the context otherwise requires,
include the Person serving as the Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally
engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Agent hereunder and without any duty to account therefor to the Banks. 

  
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 Section 8.3.    Exculpatory Provisions. Each of the Banks
(including in its capacity as a potential Hedge Bank or Cash Management Bank) and the Issuing Bank each agrees that the Agent shall not have any duties or obligations except those expressly set forth herein and in the other Credit Documents, and its
duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Agent: 

(a)    shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is
continuing; 
 (b)    shall not have any duty to take any discretionary action or exercise any discretionary powers,
except discretionary rights and powers expressly contemplated hereby or by the other Credit Documents that the Agent is required to exercise as directed in writing by the Majority Banks or the Required Banks, as applicable (or such other number or
percentage of the Banks as shall be expressly provided for herein or in the other Credit Documents), provided that the Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Agent to
liability or that is contrary to any Credit Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or
termination of property of a Defaulting Bank in violation of any Debtor Relief Law; and 
 (c)    shall not, except as
expressly set forth herein and in the other Credit Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or obtained by
the Person serving as the Agent or any of its Affiliates in any capacity. 
 (d)    shall not be liable for any action
taken or not taken by it (i) with the consent or at the request of the Majority Banks or the Required Banks, as applicable (or such other number or percentage of the Banks as shall be necessary, or as the Agent shall believe in good faith shall
be necessary, under the circumstances as provided in Article VII and Section 9.1) or (ii) in the absence of its own gross negligence or willful misconduct, as determined by a court of competent jurisdiction by a
final and nonappealable judgment. The Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given to the Agent by the Borrower, a Bank or the Issuing Bank. 

(e)    shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or
representation made in or in connection with this Agreement or any other Credit Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any
other Credit Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Security Documents, (v) the value or sufficiency of any Collateral, or (vi) the
satisfaction of any condition set forth in Article III or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Agent. 

  
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 Section 8.4.    Reliance by Agent. The Agent shall be entitled to
rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, internet or intranet website posting or other distribution)
believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and
shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of an Advance, or the issuance, extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the
satisfaction of a Bank or the Issuing Bank, the Agent may presume that such condition is satisfactory to such Bank or the Issuing Bank unless the Agent shall have received notice to the contrary from such Bank or the Issuing Bank prior to the making
of such Advance or the issuance of such Letter of Credit. The Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not
taken by it in accordance with the advice of any such counsel, accountants or experts. 

Section 8.5.    Delegation of Duties. The Agent may perform any and all of its duties and exercise its rights
and powers hereunder or under any other Credit Document by or through any one or more sub-agents appointed by the Agent. The Agent and any such sub-agent may perform any
and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article VIII shall apply to any such sub-agent and to the
Related Parties of the Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as
Agent. The Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that
the Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 

Section 8.6.    Resignation of Agent. 

(a)    The Agent may at any time give notice of its resignation to the Banks, the Issuing Bank and the Borrower. Upon
receipt of any such notice of resignation, the Majority Banks shall have the right, in consultation with the Borrower, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office
in the United States. If no such successor shall have been so appointed by the Majority Banks and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation, (or such earlier day as shall be
agreed by the Majority Banks) (the “Resignation Effective Date”), then the retiring Agent may (but shall not be obligated to) on behalf of the Banks and the Issuing Bank, appoint a successor Agent meeting the qualifications set
forth above. Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date. 

(b)    If the Person serving as Agent is a Defaulting Bank pursuant to clause (d) of the
definition thereof, the Majority Banks may, to the extent permitted by applicable law, by notice in writing to the Borrower and such Person remove such Person as Agent and, in consultation with the Borrower, appoint a successor. If no such successor
shall have been so appointed by the Majority Banks and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Majority Banks) (the “Removal Effective Date”), then such removal shall
nonetheless become effective in accordance with such notice on the Removal Effective Date. 

  
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 (c)    With effect from the Resignation Effective Date or the Removal
Effective Date (as applicable) (1) the retiring or removed Agent shall be discharged from its duties and obligations hereunder and under the other Credit Documents (except that in the case of any collateral security held by the Agent on behalf
of the Banks or the Issuing Bank under any of the Credit Documents, the retiring Agent shall continue to hold such collateral security until such time as a successor Agent is appointed) and (2) except for any indemnity payments or other amounts
then owed to the retiring or removed Agent, all payments, communications and determinations provided to be made by, to or through the Agent shall instead be made by or to each Bank and the Issuing Bank directly, until such time, if any, as the
Majority Banks appoint a successor Agent as provided for above. Upon the acceptance of a successor’s appointment as Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the
retiring (or removed) Agent (other than as provided in Section 2.13(g) and other than any rights to indemnity payments or other amounts owed to the retiring or removed Agent as of the Resignation Effective Date or the
Removal Effective Date, as applicable), and the retiring or removed Agent shall be discharged from all of its duties and obligations hereunder or under the other Credit Documents (if not already discharged therefrom as provided above in this
Section 8.6). The fees payable by the Borrower to a successor Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or removed
Agent’s resignation or removal hereunder and under the other Credit Documents, the provisions of this Article VIII, Section 9.4 and Section 9.7 shall continue in effect for the benefit
of such retiring or removed Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them (i) while the retiring or removed Agent was
acting as Agent and (ii) after such resignation or removal for as long as any of them continues to act in any capacity hereunder or under the other Loan Documents, including (a) acting as collateral agent or otherwise holding any
collateral security on behalf of any of the Banks and (b) in respect of any actions taken in connection with transferring the agency to any successor Agent. 

(d)    Any resignation or removal by Bank of America as Agent pursuant to this Section 8.6 shall
also constitute its resignation as Issuing Bank. If Bank of America resigns as an Issuing Bank, it shall retain all the rights, powers, privileges and duties of the Issuing Bank hereunder with respect to all Letters of Credit outstanding as of the
effective date of its resignation as Issuing Bank and all Letter of Credit Obligations with respect thereto, including the right to require the Banks to make Base Rate Advances or fund risk participations in Reimbursement Obligations pursuant to
Section 2.6(d). Upon the appointment by the Borrower of a successor Issuing Bank hereunder (which successor shall in all cases be a Bank other than a Defaulting Bank), (a) such successor shall succeed to and become
vested with all of the rights, powers, privileges and duties of the retiring Issuing Bank, (b) the retiring Issuing Bank shall be discharged from all of their respective duties and obligations hereunder or under the other Credit Documents, and
(c) the successor Issuing Bank shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to Bank of America to effectively assume the
obligations of Bank of America with respect to such Letters of Credit. 

  
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 Section 8.7.    Non-Reliance
on Agent and Other Banks. Each Bank and the Issuing Bank acknowledges that it has, independently and without reliance upon the Agent or any other Bank or any of their Related Parties and based on such documents and information as it has deemed
appropriate, made its own credit analysis and decision to enter into this Agreement. Each Bank and the Issuing Bank also acknowledges that it will, independently and without reliance upon the Agent or any other Bank or any of their Related Parties
and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Credit Document or any related agreement or
any document furnished hereunder or thereunder. 
 Section 8.8.    No Other Duties, Etc. Anything herein to
the contrary notwithstanding, none of the Syndication Agents, Co-Documentation Agents, Managing Agents, Bookrunners, or Lead Arrangers listed on the cover page hereof shall have any powers, duties or
responsibilities under this Agreement or any of the other Credit Documents, except in its capacity, as applicable, as the Agent, a Bank, or the Issuing Bank hereunder. 

Section 8.9.    Agent May File Proofs of Claim; Credit Bidding. In case of the pendency of any proceeding
under any Debtor Relief Law or any other judicial proceeding relative to any Credit Party, the Agent (irrespective of whether the principal of any Advance or Letter of Credit Obligation shall then be due and payable as herein expressed or by
declaration or otherwise and irrespective of whether the Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(a)    to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the
Advances, Letter of Credit Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Banks, the Issuing Bank and the Agent (including any
claim for the reasonable compensation, expenses, disbursements and advances of the Banks, the Issuing Bank and the Agent and their respective agents and counsel and all other amounts due the Banks, the Issuing Bank and the Agent under Sections
2.7 and 9.4) allowed in such judicial proceeding; and 
 (b)    to collect and receive any monies or other
property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator
or other similar official in any such judicial proceeding is hereby authorized by each Bank and the Issuing Bank to make such payments to the Agent and, in the event that the Agent shall consent to the making of such payments directly to the Banks
and the Issuing Bank, to pay to the Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Agent and its agents and counsel, and any other amounts due the Agent under Sections 2.7
and 9.4. 
 Nothing contained herein shall be deemed to authorize the Agent to authorize or consent to or accept or adopt on behalf
of any Bank or the Issuing Bank any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Bank or the Issuing Bank to authorize the Agent to vote in respect of the claim of any Bank or the
Issuing Bank in any such proceeding. 

  
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 The Secured Parties hereby irrevocably authorize the Agent, at the direction of the Majority
Banks, to credit bid all or any portion of the Obligations (including accepting some or all of the Collateral in satisfaction of some or all of the Obligations pursuant to a deed in lieu of foreclosure or otherwise) and in such manner purchase
(either directly or through one or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted under the provisions of the Bankruptcy Code of the United States, including under Sections 363, 1123 or
1129 of the Bankruptcy Code of the United States, or any similar Legal Requirements in any other jurisdictions to which a Credit Party is subject, and (b) at any other sale or foreclosure or acceptance of collateral in lieu of debt conducted by
(or with the consent or at the direction of) the Agent (whether by judicial action or otherwise) in accordance with any applicable Legal Requirement. In connection with any such credit bid and purchase, the Obligations owed to the Secured Parties
shall be entitled to be, and shall be, credit bid on a ratable basis (with Obligations with respect to contingent or unliquidated claims receiving contingent interests in the acquired assets on a ratable basis that would vest upon the liquidation of
such claims in an amount proportional to the liquidated portion of the contingent claim amount used in allocating the contingent interests) in the asset or assets so purchased (or in the Equity Interests or debt instruments of the acquisition
vehicle or vehicles that are used to consummate such purchase). In connection with any such bid, (i) the Agent shall be authorized to form one or more acquisition vehicles to make a bid, (ii) the Agent shall be authorized to adopt
documents providing for the governance of the acquisition vehicle or vehicles (provided that any actions by the Agent with respect to such acquisition vehicle or vehicles, including any disposition of the assets or Equity Interests thereof shall be
governed, directly or indirectly, by the vote of the Majority Banks, irrespective of the termination of this Agreement and without giving effect to the limitations on actions by the Majority Banks contained in clauses (a)
through (h) of Section 9.1 of this Agreement), (iii) the Agent shall be authorized to assign the relevant Obligations to any such acquisition vehicle pro rata by the Banks, as a result of which each
of the Banks shall be deemed to have received a pro rata portion of any Equity Interests and/or debt instruments issued by such an acquisition vehicle on account of the assignment of the Obligations to be credit bid, all without the need for
any Secured Party or acquisition vehicle to take any further action, and (iv) to the extent that Obligations that are assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of another bid being higher
or better, because the amount of Obligations assigned to the acquisition vehicle exceeds the amount of debt credit bid by the acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to the Banks pro rata and the
Equity Interests and/or debt instruments issued by any acquisition vehicle on account of the Obligations that had been assigned to the acquisition vehicle shall automatically be cancelled, without the need for any Secured Party or any acquisition
vehicle to take any further action. 
 Section 8.10.    Collateral and Guaranty Matters. Without limiting
the provision of Section 8.9, each of the Banks (including in its capacity as a potential Hedge Bank or a Cash Management Bank) and the Issuing Bank irrevocably authorize the Agent, at its option and in its discretion, 

(a)    to release any Lien on any property granted to or held by the Agent under any Credit Document (i) upon
termination of the Commitments and payment in full of all Obligations (other than contingent indemnification obligations) and the expiration or termination of all Letters of Credit, (ii) that is Disposed of as part of or in connection with any
Disposition permitted hereunder or under any other Credit Document, or (iii) subject to Section 9.1, if approved, authorized or ratified in writing by the Majority Banks; 

  
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 (b)    [Reserved.] 

(c)    to subordinate any Lien on any property granted to or held by the Agent under any Credit Document to the holder of
any Lien on such property that is permitted by Section 6.1(c) securing Debt permitted by Section 6.2(c); and 

(d)    to release any Guarantor from its obligations under any Guaranty if such Person ceases to be a Subsidiary or
becomes an Excluded Subsidiary as a result of a transaction permitted hereunder. 
 Upon request by the Agent at any time, the Majority
Banks will confirm in writing the Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under any Guaranty pursuant to this
Section 8.10. 
 In each case as specified in this Section 8.10, the Agent will, at the
Borrower’s expense, execute and deliver to the applicable Credit Party such documents as such Credit Party may reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted under the
Security Documents or to subordinate its interest in such item, or to release such Guarantor from its obligations under the Guaranty, in each case in accordance with the terms of the Credit Documents and this Section 8.10.

 The Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the
existence, value or collectability of the Collateral, the existence, priority or perfection of the Agent’s Lien thereon, or any certificate prepared by any Credit Party in connection therewith, nor shall the Agent be responsible or liable to
the Banks for any failure to monitor or maintain any portion of the Collateral. 
 Section 8.11.    Specified
Cash Management Agreements and Specified Swap Contracts. No Cash Management Bank or Hedge Bank that obtains the benefits of Section 8.3, any Guaranty or any Collateral by virtue of the provisions hereof or of any
Guaranty or any Security Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Credit Document or otherwise in respect of the Collateral (including the release or
impairment of any Collateral) other than in its capacity as a Bank and, in such case, only to the extent expressly provided in the Credit Documents. Notwithstanding any other provision of this Article VIII to the contrary, the Agent shall not
be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Specified Cash Management Agreements and Specified Swap Contracts unless the Agent has received written notice of
such Obligations, together with such supporting documentation as the Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. 

Section 8.12.    Indemnification of Agent. Whether or not the transactions contemplated hereby are
consummated, the Banks (including in their capacity as potential Hedge Banks or Cash Management Banks) shall indemnify upon demand each Agent-Related Person (to the extent not reimbursed by or on behalf of Borrower and without limiting the
obligation of 

  
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Borrower to do so), pro rata (as determined at the time indemnification is sought hereunder), and hold harmless each Agent-Related Person from and against any and all Indemnified
Liabilities incurred by it; provided, however, that no Bank shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified Liabilities to the extent determined in a final, nonappealable judgment by a
court of competent jurisdiction to have resulted from such Agent-Related Person’s own gross negligence or willful misconduct; provided, however, that no action taken in accordance with the directions of the Majority Banks or
Required Banks, as applicable, shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section 8.12. Without limitation of the foregoing, each Bank shall reimburse the Agent upon demand for
its ratable share (as determined at the time indemnification is sought hereunder) of any costs or out-of-pocket expenses (including all fees, expenses, and disbursements
of any law firm or other external counsel and, without duplication, the allocated cost of internal legal services and all expenses and disbursements of internal counsel) incurred by the Agent in connection with the preparation, execution, delivery,
administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, any other Credit Document, or any document
contemplated by or referred to herein, to the extent that the Agent is not reimbursed for such expenses by or on behalf of the Borrower. The undertaking in this Section 8.12 shall survive termination of the Commitments, the
payment of all other Obligations, and the resignation of the Agent. 
 ARTICLE IX 

MISCELLANEOUS 

Section 9.1.    Amendments, Etc. No amendment or waiver of any provision of this Agreement, the Notes, or any
other Credit Document, nor consent to any departure by the Borrower or any Guarantor therefrom, shall in any event be effective unless the same shall be in writing and signed by the Majority Banks and the Borrower, and then such waiver or consent
shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no amendment, waiver, or consent shall: 

(a)    extend or increase the Commitment of any Bank without the written consent of such Bank; 

(b)    reduce the principal of, or interest on or rate of interest under, the Notes or any fees or other amounts payable
hereunder or under any other Credit Document, without the written consent of each Bank directly and adversely affected thereby; 

(c)    postpone any date fixed for any payment (excluding mandatory prepayments) of principal of, or interest on, the
Notes or any fees or other amounts payable hereunder or extend the Maturity Date without the written consent of each Bank directly and adversely affected thereby; 

(d)    change the percentage of Banks which shall be required for the Banks or any of them to take any action hereunder or
under any other Credit Document without the written consent of each Bank; 

  
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 (e)    amend Section 2.10,
Section 7.7, or this Section 9.1 without the written consent of each Bank; 

(f)    amend the definitions of “Majority Banks” or “Required Banks” without the written consent of
each Bank; 
 (g)    release all or substantially all of the Collateral (other than as provided in
Section 8.10(a)(i) or (ii)) or any Guarantor from its Guaranty (other than as provided in Section 8.10(d)) in any transaction or series of related transactions without the consent of each
Bank; or 
 (h)    except with respect to a Defaulting Bank, change any provision which provides for payment to be
distributed to the Banks in accordance with their Pro Rata Shares without the consent of each Bank; 
 and provided, further,
that no amendment, waiver or consent shall, unless in writing and signed by the Agent or the Issuing Bank in addition to the Banks required above to take such action, affect the rights or duties of the Agent or the Issuing Bank, as the case may be,
under this Agreement or any other Credit Document. Notwithstanding anything to the contrary herein, no Defaulting Bank shall have any right to approve or disapprove any amendment, waiver, or consent hereunder, (and any amendment, waiver or consent
which by its terms requires the consent of all Banks or each affected Bank may be effected with the consent of the applicable Banks other than Defaulting Banks), except that (x) the Commitment of any Defaulting Bank may not be increased or
extended without the consent of such Bank and (y) any waiver, amendment or modification requiring the consent of all Banks or each affected Bank that by its terms affects any Defaulting Bank more adversely than other affected Banks shall
require the consent of such Defaulting Bank. If any Bank refuses to consent to any amendment, waiver or other modification of any Credit Document requested by the Borrower that requires the consent of a greater percentage of Banks than the Majority
Banks and such amendment, waiver or other modification is consented to by the Majority Banks, then the Borrower may replace such Bank in accordance with the provisions of Section 9.13. 

Section 9.2.    Notices, Etc. 

(a)    Notices Generally. Except as provided in clause (b) below, all notices and other
communications shall be in writing (including, without limitation, telecopy or telex) and mailed by certified mail, return receipt requested, telecopied, telexed, hand delivered, or delivered by a nationally recognized overnight courier, at the
address for the appropriate party specified in Annex 1 or at such other address as shall be designated by such party in a written notice to the other parties. All such notices and communications shall, when so mailed,
telecopied, telexed, or hand delivered or delivered by a nationally recognized overnight courier, be effective when received if mailed, when telecopy transmission is completed, when confirmed by telex answer-back, or when delivered by such messenger
or courier, respectively, except that (i) notices and communications to the Agent pursuant to Article II or VIII shall not be effective until received by the Agent, and (ii) notices delivered through electronic communications
pursuant to clause (b) below shall be effective as provided in such clause (b). 

  
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 (b)    Electronic Communications. Notices and other communications to
the Banks hereunder may be delivered or furnished by electronic communication (including e-mail, FpML messaging, and internet or intranet websites) pursuant to procedures approved by the Agent, provided
that the foregoing shall not apply to notices to any Bank pursuant to Article II if such Bank, as applicable, has notified the Agent that it is incapable of receiving notices under such Article II by electronic communication. The Agent
or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to
particular notices or communications. 
 Unless the Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to
have been sent at the opening of business on the next business day for the recipient, and (ii) notices or communications posted to an internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its
e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor. 

(c)    The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT-RELATED
PERSONS DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR
STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY AGENT-RELATED PERSONS IN
CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Agent-Related Persons have any liability to the Borrower, any Bank or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort,
contract or otherwise) arising out of the Borrower’s or the Agent’s transmission of Borrower Materials or notices through the Platform, any other electronic messaging service, or through the internet, except to the extent that such losses,
claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of Agent; provided, however, that in no
event shall any Agent-Related Person have any liability to the Borrower, any Bank, the Issuing Bank, or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages). 

(d)    Change of Address, Etc. Each of the Borrower, the Agent, and the Issuing Bank may change its address,
telecopier or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Bank may change its address, telecopier or telephone number for notices and other communications hereunder by notice to
the Borrower and the Agent. In addition, each Bank agrees to notify the Agent from time to time to 

  
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ensure that the Agent has on record (i) an effective address, contact name, telephone number, telecopier number and electronic mail address to which notices and other communications may be
sent and (ii) accurate wire instructions for such Bank. Furthermore, each Public Bank agrees to cause at least one individual at or on behalf of such Public Bank to at all times have selected the “Private Side Information” or similar
designation on the content declaration screen of the Platform in order to enable such Public Bank or its delegate, in accordance with such Public Bank’s compliance procedures and applicable Legal Requirements, including United States federal
and state securities laws, to make reference to Borrower Materials that are not made available through the “Public Side Information” portion of the Platform and that may contain material non-public
information with respect to the Borrower or its securities for purposes of United States Federal or state securities laws. 

(e)    Reliance by Agent, Issuing Bank, and Banks. The Agent, Issuing Bank and the Banks shall be entitled to rely
and act upon any notices (including telephonic Notices of Borrowing) purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any
other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify the Agent, the Issuing Bank, each Bank and the Related Parties of each of them
from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower. All telephonic notices to and other telephonic communications with the Agent may be
recorded by the Agent, and each of the parties hereto hereby consents to such recording. 
 Section 9.3.    No
Waiver; Cumulative Remedies; Enforcement. No failure on the part of any Bank, the Agent, or the Issuing Bank to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Credit
Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.
The rights, remedies, powers and privileges herein provided, and provided under each other Credit Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

Notwithstanding anything to the contrary contained herein or in any other Credit Document, the authority to enforce rights and remedies
hereunder and under the other Credit Documents against the Credit Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by,
the Agent in accordance with Sections 7.2, 7.3, 7.5 and 7.6 for the benefit of all the Banks and the Issuing Bank; provided, however, that the foregoing shall not prohibit (a) the
Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Agent) hereunder and under the other Credit Documents, (b) the Issuing Bank from exercising the rights and remedies that inure
to its benefit (solely in its capacity as Issuing Bank) hereunder and under the other Credit Documents, (c) any Bank from exercising setoff rights in accordance with Section 7.4 (subject to the terms of
Section 2.10), or (d) any Bank from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Credit Party under any Debtor Relief Law; and
provided, further, that if at any time there is no Person acting as Agent hereunder and under 

  
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the other Credit Documents, then (i) the Majority Banks shall have the rights otherwise ascribed to the Agent pursuant to Sections 7.2, 7.3, 7.5 and
7.6 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.10, any Bank may, with the consent of
the Majority Banks, enforce any rights and remedies available to it and as authorized by the Majority Banks. 

Section 9.4.    Costs and Expenses. The Borrower agrees to pay on demand (a) all reasonable out-of-pocket costs and expenses of the Agent in connection with the syndication of the credit facilities provided for herein, the preparation, execution, delivery,
administration, modification, and amendment of this Agreement, the Notes, the Guaranties, the Security Documents, and the other Credit Documents including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Agent with respect to advising the Agent as to its rights and responsibilities under this Agreement, and (b) all out-of-pocket costs and expenses, if any, of the Agent, the Issuing Bank, and each Bank (including, without limitation, reasonable counsel and financial advisor fees and expenses of the Agent, the Issuing
Bank, and each Bank) in connection with the enforcement or protection (whether through monitoring, negotiations, legal proceedings, or otherwise) of their rights in connection with this Agreement, the Notes, the Guaranties, the Security Documents
and the other Credit Documents. The agreements in this Section 9.4 shall survive the resignation of the Agent, the replacement of any Bank, the termination of the Commitments, and the repayment, satisfaction or discharge of
all the other Obligations. 
 Section 9.5.    Binding Effect. This Agreement shall become effective when it
shall have been executed by the Borrower and the Agent, and when the Agent shall have, as to each Bank, either received a counterpart hereof executed by such Bank or been notified by such Bank that such Bank has executed it and thereafter shall be
binding upon and inure to the benefit of the Borrower, the Agent, the Issuing Bank, and each Bank and their respective successors and assigns, except that the Borrower shall not have the right to assign its rights or delegate its duties under this
Agreement or any interest in this Agreement without the prior written consent of each Bank. 

Section 9.6.    Bank Assignments and Participations. 

(a)    Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Agent and
each Bank and no Bank may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of clause (b) of this Section 9.6,
(ii) by way of participation in accordance with the provisions of clause (d) of this Section 9.6, or (iii) by way of pledge or assignment of a security interest subject to the
restrictions of clause (f) of this Section 9.6 (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be
construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in clause (d) of this Section 9.6
and, to the extent expressly contemplated hereby, the Related Parties of each of the Agent, the Issuing Bank and the Banks) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

  
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 (b)    Assignments by Banks. Any Bank may at any time assign to one or
more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Advances (including for purposes of this clause (b), participations in Letter
of Credit Obligations) at the time owing to it); provided that any such assignment shall be subject to the following conditions: 

(i)    Minimum Amounts. 

(A)    in the case of an assignment of the entire remaining amount of the assigning Bank’s Commitment
and the Advances at the time owing to it or in the case of an assignment to a Bank, an Affiliate of a Bank or an Approved Fund, no minimum amount need be assigned; and 

(B)    in any case not described in clause (b)(i)(A) of this
Section 9.6, the aggregate amount of the Commitment (which for this purpose includes Advances outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Advances of the
assigning Bank subject to each such assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the
Trade Date, shall not be less than $5,000,000, unless each of the Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed);
provided, however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group)
will be treated as a single assignment for purposes of determining whether such minimum amount has been met; and provided, further, that such minimum aggregate amount may be reduced to $3,000,000 in the Agent’s sole discretion in
connection with any assignment to an Eligible Assignee that, substantially concurrently with the applicable assignment, becomes a Hedge Bank under a Specified Swap Contract. 

(ii)    Proportionate Amounts. Each partial assignment shall be made as an assignment of a
proportionate part of all the assigning Bank’s rights and obligations under this Agreement with respect to the Advances or the Commitment assigned; 

(iii)    Required Consents. No consent shall be required for any assignment except to the extent
required by clause (b)(i)(B) of this Section 9.6 and, in addition: 

(A)    the consent of the Borrower (such consent not to be unreasonably withheld or delayed) shall be
required unless (1) an Event of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Bank, an Affiliate of a Bank or an Approved Fund; provided that the Borrower shall be deemed to
have consented to any such assignment unless it shall object thereto by written notice to the Agent within five (5) Business Days after having received notice thereof; 

  
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 (B)    the consent of the Agent (such consent not to be
unreasonably withheld or delayed) shall be required if such assignment is to a Person that is not a Bank, an Affiliate of such Bank or an Approved Fund with respect to such Bank; and 

(C)    the consent of the Issuing Bank (such consent not to be unreasonably withheld or delayed) shall be
required for any assignment that increases the obligation of the assignee to participate in exposure under one or more Letters of Credit (whether or not then outstanding). 

(iv)    Assignment and Assumption. The parties to each assignment shall execute and deliver to the
Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case
of any assignment. The assignee, if it is not a Bank, shall deliver to the Agent an Administrative Questionnaire. 

(v)    No Assignment to Borrower, Defaulting Bank, Natural Person. No such assignment shall be made
(A) to the Borrower or any of the Borrower’s Affiliates or Subsidiaries, or (B) to any Defaulting Bank or any of its Subsidiaries, or any Person who, upon becoming a Bank hereunder, would constitute any of the foregoing Persons
described in this clause (B), or (C) to a natural Person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of a natural Person). 

(vi)    Certain Additional Payments. In connection with any assignment of rights and obligations of
any Defaulting Bank hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Agent in an aggregate
amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Borrower and the
Agent, the applicable pro rata share of Advances previously requested but not funded by the Defaulting Bank, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment
liabilities then owed by such Defaulting Bank to the Agent or any Bank hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Advances and participations in Letters of Credit in
accordance with its Pro Rata Share. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Bank hereunder shall become effective under applicable Legal Requirements without compliance with the
provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Bank for all purposes of this Agreement until such compliance occurs. 

(vii)    Subject to acceptance and recording thereof by the Agent pursuant to
clause (c) of this Section 9.6, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the
interest assigned by such Assignment and Assumption, have the 

  
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rights and obligations of a Bank under this Agreement, and the assigning Bank thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its
obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Bank’s rights and obligations under this Agreement, such Bank shall cease to be a party hereto) but shall continue to be entitled
to the benefits of Sections 2.11, 2.12, 2.13, 9.4, and 9.7 with respect to facts and circumstances occurring prior to the effective date of such assignment; provided, that except to the extent otherwise expressly
agreed by the affected parties, no assignment by a Defaulting Bank will constitute a waiver or release of any claim of any party hereunder arising from that Bank’s having been a Defaulting Bank. Upon request, the Borrower (at its expense) shall
execute and deliver a Note to the assignee Bank. Any assignment or transfer by a Bank of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Bank of a
participation in such rights and obligations in accordance with clause (d) of this Section 9.6. 

(viii)    Any such assignment shall be made subject to the Intercreditor Agreement to the extent in effect,
and the assignee thereunder shall be deemed to have agreed to be bound by the terms of the Intercreditor Agreement. 

(c)    Register. The Agent, acting solely for this purpose as a
non-fiduciary agent of the Borrower (and such agency being solely for tax purposes), shall maintain at the Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the
recordation of the names and addresses of the Banks, and the Commitments of, and principal amounts (and stated interest) of the Advances and Letter of Credit Obligations owing to, each Bank pursuant to the terms hereof from time to time (the
“Register”). The entries in the Register shall be conclusive, and the Borrower, the Agent and the Banks may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Bank hereunder for all purposes
of this Agreement, notwithstanding notice to the contrary. In addition, the Agent shall maintain on the Register information regarding the designation, and revocation of designation, of any Bank as a Defaulting Bank. The Register shall be available
for inspection by the Borrower and any Bank, at any reasonable time and from time to time upon reasonable prior notice. 

(d)    Participations. Any Bank may at any time, without the consent of, or notice to, the Borrower or the Agent,
sell participations to any Person (other than a natural Person, or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of a natural Person, a Defaulting Bank or the Borrower or any of the Borrower’s
Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Bank’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Advances (including such Bank’s
participations in Letter of Credit Obligations) owing to it); provided that (i) such Bank’s obligations under this Agreement shall remain unchanged, (ii) such Bank shall remain solely responsible to the other parties hereto for
the performance of such obligations and (iii) the Borrower, the Agent, the Banks and the Issuing Bank shall continue to deal solely and directly with such Bank in connection with such Bank’s rights and obligations under this Agreement.

  
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 Any agreement or instrument pursuant to which a Bank sells such a participation shall provide
that such Bank shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Bank will not,
without the consent of the Participant, agree to any amendment, waiver or other modification described in the first proviso to Section 9.1 that affects such Participant. Subject to clause (e) of
this Section 9.6, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.11, 2.12, and 2.13 to the same extent as if it were a Bank and had
acquired its interest by assignment pursuant to clause (b) of this Section 9.6. To the extent permitted by law, each Participant also shall be entitled to the benefits of
Section 7.4 as though it were a Bank, provided such Participant agrees to be subject to Section 2.10 as though it were a Bank. Each Bank that sells a Participation shall, acting
solely for this purpose as a non-fiduciary agent of Borrower (and such agency being solely for tax purposes), maintain a register (the “Participant Register”) on which it enters the name and
address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Commitments. The entries in the Participant Register shall be conclusive absent manifest error, and such Bank shall treat each
Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. 

(e)    Limitations upon Participant Rights. A Participant shall not be entitled to receive any greater payment
under Section 2.12 or 2.13 than the applicable Bank would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is
made with the Borrower’s prior written consent. A Participant that would be a Foreign Bank if it were a Bank shall not be entitled to the benefits of Section 2.13 unless the Borrower is notified of the participation
sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 2.13(e) as though it were a Bank (it being understood the documentation required under
Section 2.13(e) shall be delivered to the selling Bank). 
 (f)    Certain Pledges. Any
Bank may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under its Note, if any) to secure obligations of such Bank, including any pledge or assignment to secure obligations to a
Federal Reserve Bank; provided that no such pledge or assignment shall release such Bank from any of its obligations hereunder or substitute any such pledgee or assignee for such Bank as a party hereto. 

(g)    Electronic Execution of Assignments. The words “execution,” “execute,”
“signed,” “signature,” and words of like import in or related to any documents to be signed in connection with this Agreement and the transactions contemplated hereby (including without limitation Assignment and
Assumptions amendments or other Notices of Borrowing or Notices of Conversion or Continuation waivers and consents) shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic
platforms approved by the Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case
may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar

  
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state laws based on the Uniform Electronic Transactions Act; provided that notwithstanding anything contained herein to the contrary, the Agent is under no obligation to agree to accept
electronic signatures in any form or in any format unless expressly agreed to by the Agent pursuant to procedures approved by it. 

(h)    Resignation as Issuing Bank after Assignment. Notwithstanding anything to the contrary contained herein, if
at any time Bank of America assigns all of its Commitment and Advances pursuant to clause (b) above, Bank of America may, upon 30 days’ notice to the Borrower and the Banks, resign as Issuing Bank. In the event of any
such resignation as Issuing Bank, the Borrower shall be entitled to appoint from among the Banks a successor Issuing Bank hereunder; provided, however, that no failure by the Borrower to appoint any such successor shall affect the
resignation of Bank of America as Issuing Bank. If Bank of America resigns as Issuing Bank, it shall retain all the rights, powers, privileges and duties of the Issuing Bank hereunder with respect to all Letters of Credit outstanding as of the
effective date of its resignation as Issuing Bank and all Letter of Credit Obligations with respect thereto (including the right to require the Banks to make Advances or fund risk participations in unreimbursed amounts pursuant to
Section 2.6(d)). Upon the appointment of a successor Issuing Bank, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Issuing Bank, and
(b) the successor Issuing Bank shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to Bank of America to effectively assume the
obligations of Bank of America with respect to such Letters of Credit. 
 Section 9.7.    Indemnification.
Whether or not the transactions contemplated hereby are consummated, the Borrower shall indemnify and hold harmless each Agent-Related Person, each Bank and their respective Affiliates, directors, officers, employees, counsel, agents and attorneys-in-fact (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands,
actions, judgments, suits, costs, expenses, and disbursements (including all fees, expenses, and disbursements of any law firm or other external counsel and, without duplication, the allocated cost of internal legal services and all expenses and
disbursements of internal counsel and including settlement costs) of any kind or nature whatsoever, (excluding, however, the costs and expenses incurred by the banks, other than the agent, in connection with the preparation, execution or delivery of
this agreement) which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (a) the execution, delivery, enforcement, performance or administration of
any Credit Document or any other agreement, letter, or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (b) any Commitment, Advance, or Letter of Credit
or the use or proposed use of the proceeds therefrom (including any refusal by the Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of
such Letter of Credit), (c) any actual or alleged presence or release of Hazardous Waste or Hazardous Substances on or from any property currently or formerly owned or operated by the Borrower or any of its Subsidiaries, or any liability under
Environmental Law related in any way to the Borrower or any of its Subsidiaries, or (d) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other
theory, WHETHER BROUGHT BY THE BORROWER, ANY OTHER CREDIT 

  
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PARTY OR ANY THIRD PARTY (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any
Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”), in all cases, whether or not caused by or arising, in whole or in part, out of the COMPARATIVE, CONTRIBUTORY, OR SOLE negligence of
the Indemnitee; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or
disbursements (X) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (Y) result from a claim brought by the
Borrower or any other Credit Party against an Indemnitee for breach in bad faith of such indemnitee’s obligations hereunder or under any other Credit Document, if the Borrower or such Credit Party has obtained a final and nonappealable judgment
in its favor on such claim as determined by a court of competent jurisdiction. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through Syndtrak or other similar information
transmission systems in connection with this Agreement, nor shall any Indemnitee have any liability for any indirect or consequential damages relating to this Agreement or any other Credit Document or arising out of its activities in connection
herewith or therewith (whether before or after the Effective Date). All amounts due under this Section 9.7 shall be payable within ten Business Days after demand therefor. The agreements in this
Section 9.7 shall survive the resignation of the Agent, the replacement of any Bank, the termination of the Commitments, and the repayment, satisfaction or discharge of all the other Obligations. For the avoidance of doubt,
any indemnification relating to Taxes, other than Taxes resulting from any non-Tax claim, shall be covered by Sections 2.12 and 2.13 and shall not be covered by this
Section 9.7. 
 Section 9.8.    USA Patriot Act Notice. Each Bank that is subject
to the Act (as hereinafter defined) and the Agent (for itself and not on behalf of any Bank) hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub.
L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies the Borrower, which information includes the name
and address of the Borrower and other information that will allow such Bank or the Agent, as applicable, to identify the Borrower in accordance with the Act. The Borrower shall, promptly following a request by the Agent or any Bank, provide all
documentation and other information that the Agent or such Bank requests in order to comply with its ongoing obligations under applicable “know your customer” an anti-money laundering rules and regulations, including the Act. 

Section 9.9.    No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction
contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Credit Document), the Borrower acknowledges and agrees, and acknowledges its Affiliates’ understanding, that:
(i) (A) the arranging and other services regarding this Agreement provided by the Agent and the Arranger are arm’s-length commercial transactions between the Borrower and its Affiliates, on the
one hand, and the Agent and the Arranger, on the other hand, (B) the Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) the Borrower is capable of evaluating, and
understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Credit Documents; (ii) (A) the Agent and the Arranger each is and has been acting solely as a principal and, except as
expressly agreed in 

  
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writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for the Borrower or any of its Affiliates, or any other Person and (B) neither
the Agent nor the Arranger has any obligation to the Borrower or any of its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Credit Documents; and (iii) the
Agent and the Arranger and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower and its Affiliates, and neither the Agent nor the Arranger has any obligation to
disclose any of such interests to the Borrower or its Affiliates. To the fullest extent permitted by law, the Borrower hereby waives and releases any claims that it may have against the Agent and the Arranger with respect to any breach or alleged
breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 

Section 9.10.    Execution in Counterparts. This Agreement may be executed in any number of counterparts and
by different 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. 

Section 9.11.    Survival of Representations, Etc. All representations and warranties made hereunder and in
any other Credit Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon
by the Agent and each Bank, regardless of any investigation made by the Agent or any Bank or on their behalf and notwithstanding that the Agent or any Bank may have had notice or knowledge of any Default at the time of any Advance, and shall
continue in full force and effect as long as any Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. All obligations of the Borrower provided for in Sections 2.11, 2.12,
2.13(c), 9.4, and 9.7 and all of the obligations of the Banks in Section 8.7 shall survive any termination of this Agreement and repayment in full of the Obligations. 

Section 9.12.    Severability. In case one or more provisions of this Agreement or the other Credit Documents
shall be invalid, illegal or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Credit Documents shall not be affected or impaired thereby and (b) the parties shall
endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity
of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 9.12, if and to the extent that
the enforceability of any provisions in this Agreement relating to Defaulting Banks shall be limited by Debtor Relief Laws, as determined in good faith by the Agent or Issuing Bank, as applicable, then such provisions shall be deemed to be in effect
only to the extent not so limited. 
 Section 9.13.    Replacement of Banks. If any Bank requests
compensation under Section 2.12, or if the Borrower is required to pay any Indemnified Taxes or additional amounts to any Bank or any Governmental Authority for the account of any Bank pursuant to
Section 2.13 and, in each case, such Bank has declined or is unable to designate a different Lending Office in accordance with Section 2.17(a), or if any Bank is a Defaulting Bank or a

  
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Non-Consenting Bank, then the Borrower may, at its sole expense and effort, upon notice to such Bank and the Agent, require such Bank to assign and
delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 9.6), all of its interests, rights (other than its existing rights to payments pursuant to
Section 2.12 or Section 2.13) and obligations under this Agreement and the related Credit Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Bank,
if a Bank accepts such assignment); provided that: 
 (a)    the Borrower shall have paid to the Agent the
assignment fee (if any) specified in Section 9.6; 
 (b)    such Bank shall have received
payment of an amount equal to the outstanding principal of its Advances and participations in Reimbursement Obligations, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Credit Documents
(including any amounts under Section 2.11) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts); 

(c)    in the case of any such assignment resulting from a claim for compensation under
Section 2.12 or payments required to be made pursuant to Section 2.13, such assignment will result in a reduction in such compensation or payments thereafter; 

(d)    such assignment does not conflict with applicable Legal Requirements; and 

(e)    in the case of any assignment resulting from a Bank becoming a
Non-Consenting Bank, the applicable assignee shall have consented to the applicable amendment, waiver or consent. 

A Bank shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Bank or otherwise,
the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 

Section 9.14.    Keepwell. At the time the Guaranty or the grant of the security interest under the Credit
Documents, in each case, by any Specified Credit Party, becomes effective with respect to any Swap Obligation, the Borrower hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support
to each Specified Credit Party with respect to such Swap Obligation as may be needed by such Specified Credit Party from time to time to honor all of its obligations under its Guaranty and the other Credit Documents in respect of such Swap
Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering the Borrower’s obligations and undertakings under this Article IX voidable under applicable law relating to
fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of the Borrower under this Section 9.14 shall remain in full force and effect until the Obligations have been
indefeasibly paid and performed in full. The Borrower intends this Section 9.14 to constitute, and this Section 9.14 shall be deemed to constitute, a guarantee of the obligations of, and a
“keepwell, support, or other agreement” for the benefit of, each Specified Credit Party for all purposes of the Commodity Exchange Act. 

  
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 Section 9.15.    Amendment and Restatement. This Agreement
represents an amendment and restatement of the Existing Credit Agreement. Any indebtedness under the Existing Credit Agreement continues under this Agreement, and the execution of this Agreement does not indicate a payment, satisfaction, novation,
or discharge thereof. 
 Section 9.16.    Governing Law. This Agreement, the Notes and the other Credit
Documents shall be governed by, and construed and enforced in accordance with, the laws of the State of New York. Unless otherwise expressly agreed by the Issuing Bank and the Borrower when a Letter of Credit is issued, the rules of the ISP shall
apply to each standby Letter of Credit. 
 Section 9.17.    Submission to Jurisdiction; Waiver of Punitive
Damages; Jury Trial; Etc. 
 (a)    SUBMISSION TO JURISDICTION. EACH PARTY HERETO IRREVOCABLY AND
UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE
COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES
THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL
JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER CREDIT DOCUMENT SHALL AFFECT ANY RIGHT
THAT THE AGENT, ANY BANK OR THE ISSUING BANK MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT AGAINST THE BORROWER OR ANY OTHER CREDIT PARTY OR ITS PROPERTIES IN THE COURTS OF ANY
JURISDICTION. 
 (b)    WAIVER OF VENUE. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY ANY LEGAL REQUIREMENT, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT IN ANY COURT REFERRED TO IN
PARAGRAPH (a) OF THIS Section 9.17. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR
PROCEEDING IN ANY SUCH COURT. 
 (c)    SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF
PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 9.2. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY ANY LEGAL REQUIREMENT. 

  
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 (d)    WAIVER OF PUNITIVE DAMAGES, ETC. EACH PARTY HERETO HEREBY
(i) IRREVOCABLY WAIVES, TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW, ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY LITIGATION BASED HEREON, OR DIRECTLY OR INDIRECTLY AT ANY TIME ARISING OUT OF, UNDER OR IN CONNECTION WITH THE CREDIT
DOCUMENTS OR ANY TRANSACTION CONTEMPLATED THEREBY OR ASSOCIATED THEREWITH, ANY “SPECIAL DAMAGES,” AS DEFINED BELOW, PROVIDED, HOWEVER, THAT, THIS WAIVER OF SPECIAL DAMAGES SHALL NOT INCLUDE ANY SPECIAL DAMAGES FOR WHICH ANY
OF THE INDEMNITEES MAY BE LIABLE PURSUANT TO SECTION 9.7; (ii) CERTIFIES THAT NO PARTY HERETO NOR ANY REPRESENTATIVE OR AGENT OR COUNSEL FOR ANY PARTY HERETO HAS REPRESENTED, EXPRESSLY OR OTHERWISE, OR IMPLIED THAT
SUCH PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS, AND (iii) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT, THE OTHER CREDIT DOCUMENTS AND THE TRANSACTIONS CONTEMPLATED HEREBY AND
THEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS CONTAINED IN THIS Section 9.17. AS USED IN THIS Section 9.17, “SPECIAL DAMAGES” INCLUDES ALL SPECIAL,
CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES (REGARDLESS OF HOW NAMED), BUT DOES NOT INCLUDE ANY PAYMENT OR FUNDS WHICH ANY PARTY HERETO HAS EXPRESSLY PROMISED TO PAY OR DELIVER TO ANY OTHER PARTY HERETO. 

(e)    WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON
CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO
ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER CREDIT DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
Section 9.17. 
 Section 9.18.    Treatment of Certain Information;
Confidentiality. 
 Each of the Agent, the Banks and the Issuing Bank agrees to maintain the confidentiality of the Information (as
defined below), except that Information may be disclosed (a) to its Affiliates, its auditors and its Related Parties (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such
Information and instructed 

  
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to keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have jurisdiction over such Person or its Related Parties (including any
self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in
connection with the exercise of any remedies hereunder or under any other Credit Document or any action or proceeding relating to this Agreement or any other Credit Document or the enforcement of rights hereunder or thereunder, (f) subject to
an agreement containing provisions substantially the same as those of this Section 9.18, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations
under this Agreement or (ii) any actual or prospective party (or its Related Parties) to any swap, derivative or other transaction under which payments are to be made by reference to the Borrower and its obligations, this Agreement or payments
hereunder, (g) on a confidential basis to (i) any rating agency in connection with rating the Borrower or its Subsidiaries or the credit facilities provided hereunder or (ii) the CUSIP Service Bureau or any similar agency in
connection with the issuance and monitoring of CUSIP numbers or other market identifiers with respect to the credit facilities provided hereunder, (h) with the consent of the Borrower or (i) to the extent such Information (x) becomes
publicly available other than as a result of a breach of this Section 9.18 or (y) becomes available to the Agent, any Bank, the Issuing Bank, or any of their respective Affiliates on a nonconfidential basis from a
source other than the Borrower. In addition, the Agent and the Banks may disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry and service providers
to the Agents and the Banks in connection with the administration of this Agreement, the other Credit Documents, and the Commitments. 
 For
purposes of this Section 9.18, “Information” means all information received from the Borrower or any Subsidiary relating to the Borrower or any Subsidiary or any of their respective businesses, other than
any such information that is available to the Agent, any Bank, or the Issuing Bank on a nonconfidential basis prior to disclosure by the Borrower or any Subsidiary, provided that, in the case of information received from the Borrower or any
Subsidiary after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section 9.18 shall be
considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

Each of the Agent, the Banks, and the Issuing Bank acknowledges that (i) the Information may include material non-public information concerning the Borrower or a Subsidiary, as the case may be, (ii) it has developed compliance procedures regarding the use of material non-public
information and (iii) it will handle such material non-public information in accordance with applicable Legal Requirements, including United States federal and state securities laws. 

Section 9.19.    Integration. THIS WRITTEN AGREEMENT AND THE CREDIT DOCUMENTS, AS DEFINED IN THIS AGREEMENT,
REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 

  
 120 

 Section 9.20.    Acknowledgement and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any Credit Document or in any other agreement, arrangement or understanding among any such parties, each party hereto
acknowledges that any liability of any Bank that is an EEA Financial Institution arising under any Credit Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of an EEA Resolution Authority and
agrees and consents to, and acknowledges and agrees to be bound by: 
 (a)    the application of any Write-Down and
Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Bank that is an EEA Financial Institution; and 

(b)    the effects of any Bail-In Action on any such liability, including, if
applicable: 
 (i)    a reduction in full or in part or cancellation of any such liability; 

(ii)    a conversion of all, or a portion of, such liability into shares or other instruments of ownership
in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with
respect to any such liability under this Agreement or any other Credit Document; or 
 (iii)    the
variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority. 

  
 121 

 EXECUTED as of the date first above written. 

 

			
	BORROWER:
	
	STONE ENERGY CORPORATION
		
	By:	 	 /s/ David H. Welch

	Name:	 	 David H. Welch

	Title:	 	 Chief Executive Officer and President

  

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 
			
	AGENT:
	
	BANK OF AMERICA, N.A.
		
	By:	 	 /s/ Mark Hedrick

	Name:	 	 Mark Hedrick

	Title:	 	 Managing Director

  

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 
			
	BANK AND ISSUING BANK:
	
	BANK OF AMERICA, N.A.
		
	By:	 	 /s/ Mark Hedrick

	Name:	 	 Mark Hedrick

	Title:	 	 Managing Director

  

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 
			
	BANKS:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Patrick Greene

	Name:	 	 Patrick Greene

	Title:	 	 Vice President

  

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 
			
	NATIXIS
		
	By:	 	 /s/ Brice Le Foyer

	Name:	 	 Brice Le Foyer

	Title:	 	 Director

		
	By:	 	 /s/ Ajay Prakash

	Name:	 	 Ajay Prakash

	Title:	 	 Vice President

  

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 
			
	THE BANK OF NOVA SCOTIA
		
	By:	 	 /s/ Marc Graham

	Name:	 	 Marc Graham

	Title:	 	 Director

  

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 
			
	CAPITAL ONE, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Mark Brewster

	Name:	 	 Mark Brewster

	Title:	 	 Vice President

  

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 
			
	TORONTO DOMINION (NEW YORK) LLC
		
	By:	 	 /s/ Savo Bozic

	Name:	 	 Savo Bozic

	Title:	 	 Authorized Signatory

  

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 
			
	BARCLAYS BANK PLC
		
	By:	 	 /s/ Christopher Aitkin

	Name:	 	 Christopher Aitkin

	Title:	 	 Assistant Vice President

  

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 
			
	REGIONS BANK
		
	By:	 	 /s/ Margaret Renou

	Name:	 	 Margaret Renou

	Title:	 	 Vice President

  

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 
			
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ Nicholas V. Ocepek

	Name:	 	 Nicholas V. Ocepek

	Title:	 	 Vice President

  

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 
			
	IBERIABANK
		
	By:	 	 /s/ Stacy Goldstein

	Name:	 	 Stacy Goldstein

	Title:	 	 Senior Vice President

  

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 
			
	WHITNEY BANK
		
	By:	 	 /s/ William Jochetz

	Name:	 	 William Jochetz

	Title:	 	 Vice President

  

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 
			
	SUMITOMO MITSUI BANKING CORPORATION
		
	By:	 	 /s/ Ryo Suzuki

	Name:	 	 Ryo Suzuki

	Title:	 	 Deputy Head of Americas Division, General Manager

  

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 Annex 1 

COMMITMENTS; 
 BORROWER,
AND AGENT NOTICE INFORMATION 
  

	I.	Commitments 

  

					
	 Bank of America, N.A.
	  	$	19,200,000	 
	 Wells Fargo Bank, National Association
	  	$	18,400,000	 
	 Natixis
	  	$	18,400,000	 
	 The Bank of Nova Scotia
	  	$	18,400,000	 
	 Capital One, National Association
	  	$	18,400,000	 
	 Toronto Dominion (New York) LLC
	  	$	18,400,000	 
	 Barclays Bank PLC
	  	$	18,400,000	 
	 Regions Bank
	  	$	18,400,000	 
	 U.S. Bank National Association
	  	$	18,400,000	 
	 IBERIABANK
	  	$	12,000,000	 
	 Whitney Bank
	  	$	12,000,000	 
	 Sumitomo Mitsui Banking Corporation
	  	$	9,600,000	 
		
	 Total Commitments
	  	$	200,000,000	 

  

	II.	Borrower Notice Information 

 Stone Energy Corporation 

625 E. Kaliste Saloom Road 

Lafayette, Louisiana 70508 
 Attn:
    Mr. Kenneth H. Beer 

Telephone:      337-237-0410 

Telecopy:        
337-521-9880 

	III.	Agent Notice Information 

 For Payments and Requests for Credit Extensions 

Bank of America, N.A. 
 901
Main Street 
 Mail Code:
TX1-492-14-11 

Dallas TX, 75202 
 Attn:
Jennifer Ollek 
 Phone:972-338-3767 

Email: Jennifer.a.ollek@baml.com 

Fax Number: 214-290-8374 

Bank of America, N.A. 
 Account
No.: 1366072250600 
 Ref: Stone Energy Corp 

ABA# 026009593 
 Other Notices
for Administrative Agent 
 Bank of America, N.A. 

Agency Management 
 222
Broadway, 14th Fl 
 Mail Code:
NY3-222-14-03 

New York, NY 10038 
 Attn:
Steven Gazzillo 
 Phone:646-556-0328 

Email: steven.gazzillo@baml.com 

Fax Number:212-901-7842 

 SCHEDULE 2.6(h) 

EXISTING LETTERS OF CREDIT 
 The issuer of each Existing
Letter of Credit listed below is Bank of America, N.A. 
  

													
	 Letter of
 Credit

Number
	  	 Beneficiary
	  	Amount	 	  	Issue Date	  	Expiration
Date	 
	 139717
	  	Chevron U.S.A. Inc.	  	$	1,400,000	 	  	06/22/94	  	 	04/11/17	 
	 908720
	  	Chevron U.S.A. Inc.	  	$	1,400,000	 	  	05/10/96	  	 	04/11/17	 
	 3099240
	  	Anadarko Petroleum Corporation	  	$	8,767,274	 	  	04/08/09	  	 	04/11/17	 
	 3128210
	  	Zurich American Insurance	  	$	165,000	 	  	06/13/13	  	 	04/11/17	 
	 3128209
	  	Berkley Oil & Gas Specialty	  	$	737,000	 	  	06/27/13	  	 	04/11/17	 

 SCHEDULE 4.1 

SUBSIDIARIES 
  

							
	 Subsidiary
	  	Jurisdiction and Type
of Organization	  	Ownership	 	Excluded
Subsidiary
	Stone Energy Offshore, L.L.C.	  	Delaware Limited
Liability Company	  	Stone Energy
Corporation (Sole Member)	 	No
				
	Stone Energy Holding, L.L.C.	  	Delaware Limited
Liability Company	  	Stone Energy
Corporation (Sole Member)	 	Yes

 SCHEDULE 4.7 

EXISTING LITIGATION 
 None. 

 SCHEDULE 4.14(a) 

EXISTING ENVIRONMENTAL CONCERNS 
 None.

 SCHEDULE 4.14(b) 

DESIGNATED ENVIRONMENTAL SITES 
 None.

 SCHEDULE 4.17(b)(i) 

MORTGAGE FILING OFFICES 
  

	 	•	 	Clerk of Court’s Office for Cameron Parish, Louisiana 

  

	 	•	 	Clerk of Court’s Office for Iberia Parish, Louisiana 

  

	 	•	 	Clerk of Court’s Office for Jefferson Parish, Louisiana 

  

	 	•	 	Clerk of Court’s Office for LaFourche Parish, Louisiana 

  

	 	•	 	Clerk of Court’s Office for Plaquemines Parish, Louisiana 

  

	 	•	 	Clerk of Court’s Office for St. Bernard Parish, Louisiana 

  

	 	•	 	Clerk of Court’s Office for St. Mary Parish, Louisiana 

  

	 	•	 	Clerk of Court’s Office for Terrebonne Parish, Louisiana 

  

	 	•	 	Clerk of Court’s Office for Vermilion Parish, Louisiana 

  

	 	•	 	Bureau of Ocean Energy Management 

 Louisiana Fixture and As-Extracted
Filing 
  

	 	•	 	Clerk of Court’s Office of any Parish of the State of Louisiana 

  

	 	•	 	Bureau of Ocean Energy Management 

 SCHEDULE 4.17(b)(ii) 

FILING OFFICES 
 The Office of the Delaware Secretary of
State 

 SCHEDULE 6.1 

PERMITTED EXISTING LIENS 
 None. 

 SCHEDULE 6.2 

PERMITTED EXISTING DEBT 
 None. 

 SCHEDULE 6.6 

INVESTMENTS 
  

	 	•	 	The Borrower’s Equity Interest in HWCG Holdings, LLC 

  

	 	•	 	The Borrower’s Equity Interest in Stone Energy Holdings, L.L.C. 

  

	 	•	 	Stone Offshore’s Equity Interest in SP 49 Pipeline, LLC 

 SCHEDULE 6.8 

AFFILIATE TRANSACTIONS 
 None.EX-10.2

 Exhibit 10.2 

Execution Version 

STONE ENERGY CORPORATION, 

as Issuer, 
 STONE
ENERGY OFFSHORE, L.L.C., 
 as Subsidiary Guarantor, 

and 
 THE BANK OF NEW
YORK MELLON TRUST COMPANY, N.A. 
 as Trustee and Collateral Agent 

INDENTURE 
 dated as of
February 28, 2017 
 $225,000,000 7.500% Senior Secured Notes due 2022

 CROSS-REFERENCE TABLE 

 

					
	 TIA

Section
	  	Indenture
Section
	 310
	 	(a)(1)	  	709
		 	(a)(2)	  	709
		 	(a)(3)	  	N.A.
		 	(a)(4)	  	N.A.
		 	(b)	  	708
		 		  	710
	 311
	 	(a)	  	713
		 	(b)	  	713
	 312
	 	(a)	  	801
		 		  	802
		 	(b)	  	802
		 	(c)	  	802
	 313
	 	(a)	  	803
		 	(b)	  	803
		 	(c)	  	803
		 	(d)	  	803
	 314
	 	(a)	  	804
		 	(a)(4)	  	201
		 		  	1104
		 	(b)	  	N.A.
		 	(c)(1)	  	202
		 	(c)(2)	  	202
		 	(c)(3)	  	N.A.
		 	(d)	  	N.A.
		 	(e)	  	202
	 315
	 	(a)	  	701; 703
		 	(b)	  	702
		 	(c)	  	701
		 	(d)	  	701
		 	(e)	  	614
	 316
	 	(a)	  	201
	 316
	 	(a)(1)(A)	  	602
		 		  	612
		 	(a)(1)(B)	  	613
		 	(a)(2)	  	N.A.
		 	(b)	  	608
		 	(c)	  	204
	 317
	 	(a)(1)	  	603
		 	(a)(2)	  	604
		 	(b)	  	1103
	 318
	 	(a)	  	207

 N.A. means Not Applicable 

NOTE:  This reconciliation and tie shall not, for any purpose, be deemed to be a part of this Indenture.

  
 i 

 TABLE OF CONTENTS 

 

							
	Article 1 INDENTURE	  	1	 
	 Article 2 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	 	1	 
	 Section 201.
	 	 Definitions
	  	 	1	 
	 Section 202.
	 	 Compliance Certificates and Opinions
	  	 	33	 
	 Section 203.
	 	 Form of Documents Delivered to Trustee
	  	 	33	 
	 Section 204.
	 	 Acts of Holders; Record Dates
	  	 	33	 
	 Section 205.
	 	 Notices, Etc., to Trustee and Company
	  	 	35	 
	 Section 206.
	 	 Notice to Holders; Waiver
	  	 	35	 
	 Section 207.
	 	 Conflict with Trust Indenture Act.
	  	 	36	 
	 Section 208.
	 	 Effect of Headings and Table of Contents
	  	 	36	 
	 Section 209.
	 	 Successors and Assigns
	  	 	36	 
	 Section 210.
	 	 Separability Clause
	  	 	36	 
	 Section 211.
	 	 Benefits of Indenture
	  	 	36	 
	 Section 212.
	 	 Governing Law
	  	 	36	 
	 Section 213.
	 	 Legal Holidays
	  	 	36	 
	 Section 214.
	 	 No Personal Liability of Directors, Officers, Employees and Stockholders
	  	 	36	 
	 Section 215.
	 	 No Adverse Interpretation of Other Agreements
	  	 	37	 
	 Section 216.
	 	 U.S.A. Patriot Act.
	  	 	37	 
	 Section 217.
	 	 Counterpart Originals
	  	 	37	 
	 Section 218.
	 	 WAIVER OF JURY TRIAL
	  	 	37	 
	 Section 219.
	 	 Force Majeure
	  	 	37	 
	 Section 220.
	 	 FATCA
	  	 	37	 
	 Article 3 NOTE FORMS
	  	 	38	 
	 Section 301.
	 	 Forms Generally
	  	 	38	 
	 Section 302.
	 	 Form of Legend for Global Notes
	  	 	38	 
	 Article 4 THE NOTES
	  	 	38	 
	 Section 401.
	 	 Title and Terms
	  	 	38	 
	 Section 402.
	 	 Denominations
	  	 	39	 
	 Section 403.
	 	 Execution, Authentication, Delivery and Dating
	  	 	39	 
	 Section 404.
	 	 Temporary Securities
	  	 	39	 
	 Section 405.
	 	 Registration, Registration of Transfer and Exchange
	  	 	39	 
	 Section 406.
	 	 Mutilated, Destroyed, Lost and Stolen Notes
	  	 	41	 
	 Section 407.
	 	 Payment of Interest; Interest Rights Preserved
	  	 	41	 
	 Section 408.
	 	 Persons Deemed Owners
	  	 	42	 
	 Section 409.
	 	 Cancellation
	  	 	42	 
	 Section 410.
	 	 Computation of Interest
	  	 	42	 
	 Section 411.
	 	 CUSIP Numbers
	  	 	42	 
	 Article 5 SATISFACTION AND DISCHARGE
	  	 	43	 
	 Section 501.
	 	 Satisfaction and Discharge of Indenture
	  	 	43	 
	 Section 502.
	 	 Application of Trust Money
	  	 	43	 
	 Article 6 REMEDIES
	  	 	44	 
	 Section 601.
	 	 Events of Default
	  	 	44	 
	 Section 602.
	 	 Acceleration of Maturity; Rescission and Annulment
	  	 	46	 
	 Section 603.
	 	 Collection of Indebtedness and Suits for Enforcement by Trustee
	  	 	47	 
	 Section 604.
	 	 Trustee May File Proofs of Claim
	  	 	47	 
	 Section 605.
	 	 Trustee May Enforce Claims Without Possession of Notes
	  	 	47	 
	 Section 606.
	 	 Application of Money Collected
	  	 	47	 
	 Section 607.
	 	 Limitation on Suits
	  	 	48	 
	 Section 608.
	 	 Unconditional Right of Holders to Receive Principal, Premium and Interest
	  	 	48	 
	 Section 609.
	 	 Restoration of Rights and Remedies
	  	 	48	 
	 Section 610.
	 	 Rights and Remedies Cumulative
	  	 	48	 
	 Section 611.
	 	 Delay or Omission Not Waiver
	  	 	48	 
	 Section 612.
	 	 Control by Holders
	  	 	49	 
	 Section 613.
	 	 Waiver of Past Defaults
	  	 	49	 
	 Section 614.
	 	 Undertaking for Costs
	  	 	49	 
	 Section 615.
	 	 Waiver of Usury, Stay or Extension Laws
	  	 	49	 

  
 ii 

							
	 Article 7 THE TRUSTEE
	  	 	50	 
	 Section 701.
	 	 Certain Duties and Responsibilities
	  	 	50	 
	 Section 702.
	 	 Notice of Defaults
	  	 	50	 
	 Section 703.
	 	 Certain Rights of Trustee
	  	 	50	 
	 Section 704.
	 	 Not Responsible for Recitals or Issuance of Notes
	  	 	51	 
	 Section 705.
	 	 May Hold Notes
	  	 	52	 
	 Section 706.
	 	 Money Held in Trust
	  	 	52	 
	 Section 707.
	 	 Compensation and Reimbursement
	  	 	52	 
	 Section 708.
	 	 Conflicting Interests
	  	 	53	 
	 Section 709.
	 	 Corporate Trustee Required; Eligibility
	  	 	53	 
	 Section 710.
	 	 Resignation and Removal; Appointment of Successor
	  	 	53	 
	 Section 711.
	 	 Acceptance of Appointment by Successor
	  	 	54	 
	 Section 712.
	 	 Merger, Conversion, Consolidation or Succession to Business
	  	 	54	 
	 Section 713.
	 	 Preferential Collection of Claims Against Company
	  	 	54	 
	 Section 714.
	 	 Appointment of Authenticating Agent
	  	 	54	 
	 Article 8 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
	  	 	55	 
	 Section 801.
	 	 Company to Furnish Trustee Names and Addresses of Holders
	  	 	55	 
	 Section 802.
	 	 Preservation of Information; Communications to Holders
	  	 	55	 
	 Section 803.
	 	 Reports by Trustee
	  	 	56	 
	 Section 804.
	 	 Reports by Company
	  	 	56	 
	 Article 9 CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
	  	 	57	 
	 Section 901.
	 	 Company May Consolidate, Etc., Only on Certain Terms
	  	 	57	 
	 Section 902.
	 	 Subsidiary Guarantors may Consolidate, Etc, Only on Certain Terms
	  	 	58	 
	 Section 903.
	 	 Certain Permitted Consolidations, Etc.
	  	 	59	 
	 Section 904.
	 	 Successor Substituted
	  	 	59	 
	 Article 10 AMENDMENTS
	  	 	59	 
	 Section 1001.
	 	 Amendments Without Consent of Holders
	  	 	59	 
	 Section 1002.
	 	 Amendments With Consent of Holders
	  	 	60	 
	 Section 1003.
	 	 Execution of Supplemental Indentures or Amendment
	  	 	61	 
	 Section 1004.
	 	 Effect of Supplemental Indentures or Amendment
	  	 	61	 
	 Section 1005.
	 	 Conformity with Trust Indenture Act.
	  	 	61	 
	 Section 1006.
	 	 Reference in Notes to Supplemental Indentures or Amendments
	  	 	61	 
	 Article 11 COVENANTS
	  	 	61	 
	 Section 1101.
	 	 Payment of Principal, Premium and Interest
	  	 	61	 
	 Section 1102.
	 	 Maintenance of Office or Agency
	  	 	61	 
	 Section 1103.
	 	 Money for Notes Payments to Be Held in Trust
	  	 	62	 
	 Section 1104.
	 	 Annual Compliance Certificate; Statement by Officers as to Default
	  	 	62	 
	 Section 1105.
	 	 Existence
	  	 	63	 
	 Section 1106.
	 	 [Reserved]
	  	 	63	 
	 Section 1107.
	 	 Payment of Taxes
	  	 	63	 
	 Section 1108.
	 	 [Reserved]
	  	 	63	 
	 Section 1109.
	 	 [Reserved]
	  	 	63	 
	 Section 1110.
	 	 Purchase of Notes Upon a Change of Control
	  	 	63	 
	 Section 1111.
	 	 Limitation on Indebtedness and Preferred Stock
	  	 	65	 
	 Section 1112.
	 	 Limitation on Restricted Payments
	  	 	67	 
	 Section 1113.
	 	 Limitation on Liens
	  	 	71	 
	 Section 1114.
	 	 Limitation on Restrictions on Distributions from Restricted Subsidiaries
	  	 	71	 
	 Section 1115.
	 	 Limitation on Sales of Assets and Subsidiary Stock
	  	 	73	 
	 Section 1116.
	 	 Limitation on Affiliate Transactions
	  	 	76	 
	 Section 1117.
	 	 Future Subsidiary Guarantors
	  	 	77	 
	 Section 1118.
	 	 After Acquired Property
	  	 	77	 
	 Section 1119.
	 	 Covenant Termination
	  	 	78	 

  
 iii 

							
	 Article 12 REDEMPTION OF NOTES
	  	 	78	 
	 Section 1201.
	 	 Applicability of Article
	  	 	78	 
	 Section 1202.
	 	 Election to Redeem; Notice to Trustee
	  	 	78	 
	 Section 1203.
	 	 Optional Redemption
	  	 	78	 
	 Section 1204.
	 	 Selection by Trustee of Notes to Be Redeemed
	  	 	79	 
	 Section 1205.
	 	 Notice of Redemption
	  	 	79	 
	 Section 1206.
	 	 Deposit of Redemption Price
	  	 	80	 
	 Section 1207.
	 	 Notes Payable on Redemption Date
	  	 	80	 
	 Section 1208.
	 	 Notes Redeemed in Part
	  	 	80	 
	 Article 13 SECURITY
	  	 	80	 
	 Section 1301.
	 	 Collateral and Security Documents
	  	 	80	 
	 Section 1302.
	 	 Release of Collateral
	  	 	81	 
	 Section 1303.
	 	 Authorization of Actions to be Taken by the Trustee
	  	 	81	 
	 Section 1304.
	 	 Authorization of Receipt of Funds by the Trustee
	  	 	82	 
	 Section 1305.
	 	 Termination of Security Interest
	  	 	82	 
	 Section 1306.
	 	 Intercreditor Agreement
	  	 	83	 
	 Section 1307.
	 	 Further Action
	  	 	83	 
	 Section 1308.
	 	 Concerning the Collateral Agent
	  	 	83	 
	 Section 1309.
	 	 Reports and Certificates Relating to Collateral
	  	 	86	 
	 Section 1310.
	 	 Security Documents and Collateral Requirements
	  	 	87	 
	 Section 1311.
	 	 Intercreditor Agreement
	  	 	88	 
	 Article 14 DEFEASANCE AND COVENANT DEFEASANCE
	  	 	88	 
	 Section 1401.
	 	 Company’s Option to Effect Defeasance or Covenant Defeasance
	  	 	88	 
	 Section 1402.
	 	 Defeasance and Discharge
	  	 	88	 
	 Section 1403.
	 	 Covenant Defeasance
	  	 	89	 
	 Section 1404.
	 	 Conditions to Defeasance or Covenant Defeasance
	  	 	89	 
	 Section 1405.
	 	 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous
Provisions
	  	 	90	 
	 Section 1406.
	 	 Reinstatement
	  	 	90	 
	 Article 15 [INTENTIONALLY DELETED]
	  	 	91	 
	 Article 16 SUBSIDIARY GUARANTEES
	  	 	91	 
	 Section 1601.
	 	 Unconditional Guarantee
	  	 	91	 
	 Section 1602.
	 	 Execution and Delivery of Notation of Subsidiary Guarantee
	  	 	92	 
	 Section 1603.
	 	 Limitation on Subsidiary Guarantors’ Liability
	  	 	92	 
	 Section 1604.
	 	 Release of Subsidiary Guarantors from Guarantee
	  	 	93	 
	 Section 1605.
	 	 Subsidiary Guarantor Contribution
	  	 	93	 
	 ANNEX A
	 		  	 	1	 
	 ANNEX B
	 		  	 	1	 
	 ANNEX C
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 iv 

 ARTICLE 1 

INDENTURE 
 This
INDENTURE (this “Indenture”), dated as of February 28, 2017, is among Stone Energy Corporation, a Delaware corporation (herein called the “Company”), having its principal office at 625 East Kaliste Saloom Road,
Lafayette, Louisiana 70508, Stone Energy Offshore, L.L.C., a Delaware limited liability company and subsidiary of the Company (herein called “Stone Offshore”), and The Bank of New York Mellon Trust Company, N.A., not in its individual
capacity, but solely as trustee (herein called the “Trustee”) and collateral agent (herein called the “Collateral Agent”). 

The Company, the Subsidiary Guarantors and the Trustee agree as follows for the equal and proportionate benefit of all Holders of the Notes:

 ARTICLE 2 

DEFINITIONS AND OTHER PROVISIONS 

OF GENERAL APPLICATION 

Section 201. Definitions. 
 For all
purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: 
  

	 	(1)	the terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular; 

 

	 	(2)	all other terms used herein which are defined in the Trust Indenture Act, or the Securities Act of 1933, either directly or by reference therein, have the meanings assigned to them therein; 

 

	 	(3)	all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with GAAP; 

  

	 	(4)	unless the context otherwise requires, any reference to an “Article” or a “Section” refers to an Article or a Section, as the case may be, of this Indenture; and 

 

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

 “Acquired Indebtedness” means Indebtedness (i) of a Person or any of its Subsidiaries existing at the
time such Person becomes or is merged with and into a Restricted Subsidiary or (ii) assumed in connection with the acquisition of assets from such Person, in each case whether or not Incurred by such Person in connection with, or in
anticipation or contemplation of, such Person becoming a Restricted Subsidiary or such acquisition. Acquired Indebtedness shall be deemed to have been Incurred, with respect to clause (i) of the preceding sentence, on the date such Person
becomes or is merged with and into a Restricted Subsidiary and, with respect to clause (ii) of the preceding sentence, on the date of consummation of such acquisition of assets. 

“Act”, when used with respect to any Holder, has the meaning specified in Section 204. 

“Action” has the meaning specified in Section 1308. 

“Additional Assets” means: 
  

	 	(1)	any properties or assets to be used by the Company or a Restricted Subsidiary in the Oil and Gas Business; 

  

	 	(2)	capital expenditures by the Company or a Restricted Subsidiary in the Oil and Gas Business; 

  

	 	(3)	the Capital Stock of a Person that becomes a Restricted Subsidiary as a result of the acquisition of such Capital Stock by the Company or a Restricted Subsidiary; or 

 

	 	(4)	Capital Stock constituting a minority interest in any Person that at such time is a Restricted Subsidiary; 

provided, however, that, in the case of clauses (3) and (4), such Restricted Subsidiary is primarily engaged in the Oil and Gas Business.

  
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 “Additional Secured Debt Designation” means the written agreement of the holders
of any Series of Junior Lien Debt or their Junior Lien representative, as applicable, as set forth in the indenture, credit agreement or other agreement governing such Series of Junior Lien Debt, for the benefit of (i) all holders of existing
and future Priority Lien Debt, the Priority Lien Agent, each existing and future holder of Priority Liens, (ii) if applicable, all existing and future holders of Note Obligations, the Collateral Agent and (iii) if applicable, all holders
of each existing and future Series of Junior Lien Debt and the Junior Lien collateral agent, in each case: 
  

	 	(a)	that all Junior Lien Obligations will be and are secured equally and ratably by all Junior Liens at any time granted by the Company or any Subsidiary Guarantor to secure any Obligations in respect of such Series of
Junior Lien Debt, whether or not upon Property otherwise constituting collateral for such Series of Junior Lien Debt, and that all such Junior Liens will be enforceable by the Junior Lien collateral agent for the benefit of all holders of Junior
Lien Obligations equally and ratably; 

  

	 	(b)	that such Junior Lien representative and the holders of Obligations in respect of such Series of Junior Lien Debt are bound by the provisions of an intercreditor agreement providing for the express subordination of the
Junior Liens to the Priority Liens and the Liens securing the Note Obligations and the order of application of proceeds from the enforcement of Priority Liens, Liens securing the Note Obligations and Junior Liens in accordance therewith; and

  

	 	(c)	appointing the Junior Lien collateral agent and consenting to the terms of such intercreditor agreement and the performance by the Junior Lien collateral agent of, and consenting to and directing the Junior Lien
collateral agent to perform its obligations under the Junior Lien Documents or applicable security documents, as applicable, and such intercreditor agreement, together with all such powers as are reasonably incidental thereto. 

“Adjusted Consolidated Net Tangible Assets” of the Company means (without duplication), as of the date of determination, the
remainder of: 
  

	 	(a)	the sum of: 

  

	 	(i)	discounted future net revenues from proved oil and gas reserves of the Company and its Restricted Subsidiaries calculated in accordance with SEC guidelines before any state or federal income taxes, as estimated by the
Company in a reserve report prepared as of the end of the Company’s most recently completed fiscal year for which audited financial statements are available, which reserve report is prepared or audited by independent petroleum engineers, as
increased by, as of the date of determination, the estimated discounted future net revenues from: 

 (A) estimated proved oil
and gas reserves acquired since such year end, which reserves were not reflected in such year end reserve report, and 
 (B) estimated oil
and gas reserves attributable to extensions, discoveries and other additions and upward revisions of estimates of proved oil and gas reserves since such year end due to exploration, development or exploitation, production or other activities, which
would, in accordance with standard industry practice, cause such revisions (including the impact to proved reserves and future net revenues from estimated development costs incurred and the accretion of discount since such year end), and decreased
by, as of the date of determination, the estimated discounted future net revenues from (C) estimated proved oil and gas reserves produced or disposed of since such year end, and (D) estimated oil and gas reserves attributable to downward
revisions of estimates of proved oil and gas reserves since such year end due to changes in geological conditions or other factors which would, in accordance with standard industry practice, cause such revisions, in each case calculated on a pre-tax
basis and in accordance with SEC guidelines, in the case of clauses (A) through (D) utilizing prices and costs calculated in accordance with SEC guidelines as of such year end; provided, however, that in the case of each of
the determinations made pursuant to clauses (A) through (D), such increases and decreases shall be as estimated by the Company’s petroleum engineers; 

  
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	 	(ii)	the capitalized costs that are attributable to Oil and Gas Properties of the Company and its Restricted Subsidiaries to which no proved oil and gas reserves are attributable, based on the Company’s books and
records as of a date no earlier than the date of the Company’s latest available annual or quarterly financial statements; 

  

	 	(iii)	the Net Working Capital of the Company and its Restricted Subsidiaries on a date no earlier than the date of the Company’s latest annual or quarterly financial statements; and 

 

	 	(iv)	the greater of: 

 (A) the net book value of other tangible assets of the Company and its
Restricted Subsidiaries, as of a date no earlier than the date of the Company’s latest annual or quarterly financial statements, and 

(B) the appraised value, as estimated by independent appraisers, of other tangible assets of the Company and its Restricted Subsidiaries, as
of a date no earlier than the date of the Company’s latest audited financial statements; provided, that, if no such appraisal has been performed the Company shall not be required to obtain such an appraisal and only clause (iv)(A) of
this definition shall apply; minus 
  

	 	(b)	the sum of: 

  

	 	(i)	Minority Interests; 

  

	 	(ii)	any net gas balancing liabilities of the Company and its Restricted Subsidiaries reflected in the Company’s latest annual or quarterly balance sheet (to the extent not deducted in calculating Net Working Capital of
the Company in accordance with clause (a)(iii) above of this definition); 

  

	 	(iii)	to the extent included in (a)(i) above, the discounted future net revenues, calculated in accordance with SEC guidelines (utilizing prices and costs calculated in accordance with SEC guidelines as of such year end),
attributable to reserves which are required to be delivered to third parties to fully satisfy the obligations of the Company and its Restricted Subsidiaries with respect to Volumetric Production Payments (determined, if applicable, using the
schedules specified with respect thereto); and 

  

	 	(iv)	the discounted future net revenues, calculated in accordance with SEC guidelines, attributable to reserves subject to Dollar-Denominated Production Payments which, based on the estimates of production and price
assumptions included in determining the discounted future net revenues specified in (a)(i) above, would be necessary to fully satisfy the payment obligations of the Company and its Subsidiaries with respect to Dollar-Denominated Production Payments
(determined, if applicable, using the schedules specified with respect thereto). 

 “Affiliate” of any
specified Person means any other Person, directly or indirectly, controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to
any Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled”
have meanings correlative to the foregoing. 
 “After Acquired Property” means any and all assets or property (other than
Excluded Collateral) acquired by the Company or any Subsidiary Guarantor after the Issue Date that constitutes Collateral. 

“Applicable Premium” means, with respect to any Note at the time of computation, the greater of: 

 

	 	(1)	1.0% of the principal amount of such Note; or 

  
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	 	(2)	the excess, if any, of: 

  

	 	(a)	the present value at such time of (i) the redemption price of such Note at May 31, 2020 (such redemption price being set forth in the table appearing in Section 1203) plus (ii) all required interest
payments (excluding accrued and unpaid interest to the redemption date) due on such Note through May 31, 2020 computed using a discount rate equal to the Treasury Rate as of such time plus 50 basis points; over 

 

	 	(b)	the principal amount of such Note. 

 “Asset Disposition” means (A) any
direct or indirect sale, lease (including by means of Production Payments and Reserve Sales and a Sale/Leaseback Transaction but excluding an operating lease entered into in the ordinary course of the Oil and Gas Business), transfer, issuance or
other disposition, or a series of related sales, leases, transfers, issuances or dispositions that are part of a common plan, of any assets and (B) Capital Stock of a Restricted Subsidiary (other than directors’ qualifying shares or shares
required by applicable law to be held by a Person other than the Company or a Restricted Subsidiary) (each referred to for the purposes of this definition as a “disposition”), in each case by the Company or any of the Restricted
Subsidiaries, including any disposition by means of a merger, consolidation or similar transaction. 
 Notwithstanding the preceding, the
following items shall not be deemed to be Asset Dispositions: 
  

	 	(1)	a disposition by a Restricted Subsidiary to the Company or by the Company or a Restricted Subsidiary to a Restricted Subsidiary; 

  

	 	(2)	a disposition of cash, Cash Equivalents or other financial assets in the ordinary course of business; 

  

	 	(3)	a disposition of Hydrocarbons or mineral products inventory in the ordinary course of business; 

  

	 	(4)	a disposition of damaged, unserviceable, obsolete or worn out equipment or equipment that is no longer necessary for the proper conduct of the business of the Company and its Restricted Subsidiaries and that is disposed
of in each case in the ordinary course of business; 

  

	 	(5)	transactions in accordance with Section 901 or 902; 

  

	 	(6)	an issuance of Capital Stock by a Restricted Subsidiary to the Company or to a Restricted Subsidiary; 

  

	 	(7)	the making of a Permitted Investment or a Restricted Payment (or a disposition that would constitute a Restricted Payment but for the exclusions from the definition thereof) permitted by Section 1112;

  

	 	(8)	an Asset Swap; 

  

	 	(9)	dispositions of assets with a Fair Market Value of less than $5.0 million; 

  

	 	(10)	Permitted Liens; 

  

	 	(11)	dispositions of receivables in connection with the compromise, settlement or collection thereof in the ordinary course of business or in bankruptcy or similar proceedings and exclusive of factoring or similar
arrangements; 

  

	 	(12)	the licensing or sublicensing of intellectual property (including, without limitation, the licensing of seismic data) or other general intangibles and licenses, leases or subleases of other property in the ordinary
course of business which do not materially interfere with the business of the Company and its Restricted Subsidiaries; 

  

	 	(13)	foreclosure on assets; 

  

	 	(14)	any Production Payments and Reserve Sales; provided that any such Production Payments and Reserve Sales, other than incentive compensation programs on terms that are reasonably customary in the Oil and Gas
Business for geologists, geophysicists and other providers of technical services to the Company or a Restricted Subsidiary, shall have been created, Incurred, issued, assumed or Guaranteed in connection with the financing of, and within 60 days
after the acquisition of, the property that is subject thereto; 

  
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	 	(15)	surrender or waiver of contract rights or the settlement, release or surrender of contract, tort or other claims of any kind; 

  

	 	(16)	the abandonment, farmout, lease or sublease of developed or undeveloped Oil and Gas Properties in the ordinary course of business; and 

 

	 	(17)	a disposition (whether or not in the ordinary course of business) of any Oil and Gas Property or interest therein to which no Proved Reserves are attributable at the time of such disposition. 

“Asset Disposition Offer” has the meaning specified in Section 1115. 

“Asset Disposition Offer Amount” has the meaning specified in Section 1115. 

“Asset Disposition Offer Period” has the meaning specified in Section 1115. 

“Asset Disposition Purchase Date” has the meaning specified in Section 1115. 

“Asset Swap” means any substantially contemporaneous (and in any event occurring within 180 days of each other) purchase and
sale or exchange of any oil or natural gas properties or assets or interests therein between the Company or any of its Restricted Subsidiaries and another Person; provided that any cash received must be applied in accordance with
Section 1115 as if the Asset Swap were an Asset Disposition. 
 “Authenticating Agent” means any Person authorized by
the Trustee pursuant to Section 714 to act on behalf of the Trustee to authenticate Notes. 
 “Average Life” means, as
of the date of determination, with respect to any Indebtedness or Preferred Stock, the quotient obtained by dividing (1) the sum of the products of the numbers of years from the date of determination to the dates of each successive scheduled
principal payment of such Indebtedness or redemption or similar payment with respect to such Preferred Stock multiplied by the amount of such payment by (2) the sum of all such payments. 

“Bank Product” means each and any of the following bank services provided to the Company or any Subsidiary Guarantor by any
holder of Priority Lien Debt or any Affiliate thereof: (a) commercial credit cards, (b) stored value cards and (c) Treasury Management Arrangements (including controlled disbursement, automated clearinghouse transactions, return
items, overdrafts and interstate depository network services). 
 “Bank Product Obligations” means any and all obligations
of the Company or any Subsidiary Guarantor, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection
with any Bank Product. 
 “Bankruptcy Code” means Title 11 of the United States Code. 

“Bankruptcy Law” means the Bankruptcy Code and any similar federal, state or foreign law for the relief of debtors. 

“Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act,
except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Exchange Act), such “person” will be deemed to have beneficial ownership of all securities that
such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only after the passage of time. The terms “Beneficially Owns” and
“Beneficially Owned” have a corresponding meaning. 
 “Board of Directors” means, as to any Person that is a
corporation, the board of directors of such Person or any duly authorized committee thereof or as to any Person that is not a corporation, the board of managers or such other individual or group serving a similar function. 

“Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have
been duly adopted by its Board of Directors and to be in full force and effect on the date of such certification. 

  
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 “Borrowing Base” means the “Borrowing Base” as defined in and as
determined from time to time pursuant to the Senior Secured Credit Agreement; provided that the Borrowing Base under the Senior Secured Credit Agreement is determined in accordance with customary policies and procedures for extending credit
under oil and gas secured reserve based loan transactions. 
 “Business Day” means each day that is not a Saturday, Sunday
or other day on which commercial banking institutions in New York, New York are authorized or required by law to close. 
 “Capital
Stock” of any Person means any and all shares, units, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) equity of such Person, including any Preferred Stock, but
excluding any debt securities convertible into, or exchangeable for, such equity. 
 “Capitalized Lease Obligations” means
an obligation that is required to be classified and accounted for as a capitalized lease for financial reporting purposes in accordance with GAAP, and the amount of Indebtedness represented by such obligation will be the capitalized amount of such
obligation at the time any determination thereof is to be made as determined in accordance with GAAP, and the Stated Maturity thereof will be the date of the last payment of rent or any other amount due under such lease prior to the first date such
lease may be terminated without penalty. 
 “Cash Equivalents” means: 

(1) securities issued or directly and fully guaranteed or insured by the United States Government or any agency or instrumentality of the
United States ( provided that the full faith and credit of the United States is pledged in support thereof), having maturities of not more than one year from the date of acquisition; 

(2) marketable general obligations issued by any state of the United States of America or any political subdivision of any such state or any
public instrumentality thereof maturing within one year from the date of acquisition and, at the time of acquisition, having a credit rating of “A” (or the equivalent thereof) or better from either S&P or Moody’s; 

(3) certificates of deposit, time deposits, eurodollar time deposits, overnight bank deposits or bankers’ acceptances having maturities
of not more than one year from the date of acquisition thereof issued by any commercial bank the short-term deposit of which is rated at the time of acquisition thereof at least “A-2” or the equivalent thereof by S&P, or
“P-2” or the equivalent thereof by Moody’s, and having combined capital and surplus in excess of $100.0 million; 
 (4)
repurchase obligations with a term of not more than seven days for underlying securities of the types described in clauses (1), (2) and (3) entered into with any bank meeting the qualifications specified in clause (3) above; 

(5) commercial paper rated at the time of acquisition thereof at least “A-2” or the equivalent thereof by S&P or “P-2”
or the equivalent thereof by Moody’s, or carrying an equivalent rating by a nationally recognized rating agency, if both of the two named Rating Agencies cease publishing ratings of investments, and in any case maturing within one year after
the date of acquisition thereof; and 
 (6) interests in any investment company or money market fund which invests 95% or more of its assets
in instruments of the type specified in clauses (1) through (5) above. 
 “CFC” means a “controlled foreign
corporation” within the meaning of Section 957 of the Code. 
 “Change of Control” means: 

(1) any “person” or “group” of related persons (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act),
other than a Permitted Holder, is or becomes the Beneficial Owner, directly or indirectly, of more than 50% of the total voting power of the Voting Stock of the Company (or its successor by merger, consolidation or purchase of all or substantially
all of its properties or assets) (for the purposes of this clause (1), such person or group shall be deemed to Beneficially Own any Voting Stock of the Company held by a parent entity, if such person or group Beneficially Owns, directly or
indirectly, more than 50% of the total voting power of the Voting Stock of such parent entity); 
 (2) the sale, lease, transfer, conveyance
or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the assets of the Company and its Restricted Subsidiaries taken as a whole to any “person” (as
such term is used in Sections 13(d) and 14(d) of the Exchange Act); or 

  
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 (3) the adoption by the shareholders of the Company of a plan or proposal for the liquidation or
dissolution of the Company. 
 “Code” means the Internal Revenue Code of 1986, as amended, and any successor statute. 

“Collateral” means all assets and property, whether real, personal or mixed, wherever located and whether owned on the Issue
Date or at any time acquired after the Issue Date by the Company or any Subsidiary Guarantor as to which a Lien is granted under the Security Documents to secure the Note Obligations. 

“Collateral Agent” means The Bank of New York Mellon Trust Company, N.A., until a successor replaces it and, thereafter,
means the successor entity thereunder. 
 “Commodity Agreements” means, in respect of any Person, any forward contract,
commodity swap agreement, commodity option agreement or other similar agreement or arrangement in respect of Hydrocarbons used, produced, processed or sold by such Person that are customary in the Oil and Gas Business and designed to protect such
Person against fluctuation in Hydrocarbon prices. 
 “Common Stock” means, with respect to any Person, any and all shares,
interests or other participations in, and other equivalents (however designated and whether voting or nonvoting) of such Person’s common stock whether or not outstanding on the Issue Date, and includes, without limitation, all series and
classes of such common stock. 
 “Communications Laws” means the Communications Act of 1934, as amended, and the FCC’s
rules, regulations, published orders and published and promulgated policy statements of the FCC, all as may be amended from time to time. 

“Company” means the Person named as the “Company” in the first paragraph of this instrument until a successor
Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person. 

“Company Request” or “Company Order” means a written request or order signed in the name of the Company by
an Officer and delivered to the Trustee. 
 “Consolidated Coverage Ratio” means as of any date of determination, the ratio
of (x) the aggregate amount of Consolidated EBITDA for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which financial statements are in existence to (y) Consolidated
Interest Expense for such four fiscal quarters, provided, however, that: 
  

	 	(1)	if the Company or any Restricted Subsidiary: 

  

	 	(a)	has Incurred any Indebtedness since the beginning of such period that remains outstanding on such date of determination or if the transaction giving rise to the need to calculate the Consolidated Coverage Ratio is an
Incurrence of Indebtedness, Consolidated EBITDA and Consolidated Interest Expense for such period will be calculated after giving effect on a pro forma basis to such Indebtedness and the use of proceeds thereof as if such Indebtedness had been
Incurred on the first day of such period and such proceeds had been applied as of such date (except that in making such computation, the amount of Indebtedness under any revolving Credit Facility outstanding on the date of such calculation will be
deemed to be (i) the average daily balance of such Indebtedness during such four fiscal quarters or such shorter period for which such facility was outstanding or (ii) if such revolving Credit Facility was created after the end of such
four fiscal quarters, the average daily balance of such Indebtedness during the period from the date of creation of such revolving Credit Facility to the date of such calculation, in each case, provided that such average daily balance shall
take into account any repayment of Indebtedness under such revolving Credit Facility as provided in clause (b)); or 

  

	 	(b)	 has repaid, repurchased, defeased or otherwise discharged any Indebtedness since the beginning of the period,
including with the proceeds of such new Indebtedness, that is no 

  
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longer outstanding on such date of determination or if the transaction giving rise to the need to calculate the Consolidated Coverage Ratio involves a discharge of Indebtedness (in each case
other than Indebtedness Incurred under any revolving Credit Facility unless such Indebtedness has been permanently repaid and the related commitment terminated), Consolidated EBITDA and Consolidated Interest Expense for such period will be
calculated after giving effect on a pro forma basis to such discharge of such Indebtedness as if such discharge had occurred on the first day of such period; 

  

	 	(2)	if, since the beginning of such period, the Company or any Restricted Subsidiary has made any Asset Disposition or if the transaction giving rise to the need to calculate the Consolidated Coverage Ratio is such an Asset
Disposition, the Consolidated EBITDA for such period will be reduced by an amount equal to the Consolidated EBITDA (if positive) directly attributable to the assets which are the subject of such Asset Disposition for such period or increased by an
amount equal to the Consolidated EBITDA (if negative) directly attributable thereto for such period and Consolidated Interest Expense for such period shall be reduced by an amount equal to the Consolidated Interest Expense directly attributable to
any Indebtedness of the Company or any Restricted Subsidiary repaid, repurchased, defeased or otherwise discharged with respect to the Company and its continuing Restricted Subsidiaries in connection with or with the proceeds from such Asset
Disposition for such period (or, if the Capital Stock of any Restricted Subsidiary is sold, the Consolidated Interest Expense for such period directly attributable to the Indebtedness of such Restricted Subsidiary to the extent the Company and its
continuing Restricted Subsidiaries are no longer liable for such Indebtedness after such sale); 

  

	 	(3)	if, since the beginning of such period, the Company or any Restricted Subsidiary (by merger or otherwise) has made an Investment in any Restricted Subsidiary (or any Person which becomes a Restricted Subsidiary or is
merged with or into the Company or a Restricted Subsidiary) or an acquisition (or will have received a contribution) of assets, including any acquisition or contribution of assets occurring in connection with a transaction causing a calculation to
be made under this Indenture, which constitutes all or substantially all of a company, division, operating unit, segment, business, group of related assets or line of business, Consolidated EBITDA and Consolidated Interest Expense for such period
will be calculated after giving pro forma effect thereto (including the Incurrence of any Indebtedness) as if such Investment or acquisition or contribution had occurred on the first day of such period; and 

 

	 	(4)	if, since the beginning of such period, any Person (that subsequently became a Restricted Subsidiary or was merged with or into the Company or any Restricted Subsidiary since the beginning of such period) made any Asset
Disposition or any Investment or acquisition of assets that would have required an adjustment pursuant to clause (2) or (3) above if made by the Company or a Restricted Subsidiary during such period, Consolidated EBITDA and Consolidated
Interest Expense for such period will be calculated after giving pro forma effect thereto as if such Asset Disposition or Investment or acquisition of assets had occurred on the first day of such period. 

For purposes of this definition, whenever pro forma effect is to be given to any calculation under this definition, the pro forma calculations
will be determined in good faith by a responsible financial or accounting officer of the Company; provided that such officer may in his or her discretion include any reasonably identifiable and factually supportable pro forma changes to
Consolidated EBITDA, including any pro forma expenses and costs reductions, that have occurred or in the judgment of such officer are reasonably expected to occur within 12 months of the date of the applicable transaction (regardless of whether
such expense or cost reduction or any other operating improvements could then be reflected properly in pro forma financial statements prepared in accordance with Regulation S-X under the Securities Act or any other regulation or policy of the
SEC). If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest expense on such Indebtedness will be calculated as if the average rate in effect from the beginning of such period to the date of
determination had been the applicable rate for the entire period (taking into account any Interest Rate Agreement applicable to such Indebtedness, but if the remaining term of such Interest Rate Agreement is less than 12 months, then such
Interest Rate Agreement shall only be taken into account for that portion of the period equal to the remaining term thereof). If any Indebtedness that is being given pro forma effect bears an interest rate at the option of the Company, the interest
rate shall be calculated by applying such optional rate chosen by the Company. Interest on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar rate, a eurocurrency interbank offered rate, or
other rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based upon such optional rate chosen as the Company may designate. 

  
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 “Consolidated EBITDA” for any period means, without duplication, the
Consolidated Net Income for such period, plus the following, without duplication and to the extent deducted (and not added back) in calculating such Consolidated Net Income: 
  

	 	(1)	Consolidated Interest Expense; 

  

	 	(2)	Consolidated Income Tax Expense; 

  

	 	(3)	consolidated accretion and consolidated depletion and depreciation expense of the Company and its Restricted Subsidiaries; 

  

	 	(4)	consolidated amortization expense or impairment charges of the Company and its Restricted Subsidiaries recorded in connection with the application of Statement of Financial Accounting Standard No. 142,
“Goodwill and Other Intangibles” and Statement of Financial Accounting Standard No. 144, “Accounting for the Impairment or Disposal of Long Lived Assets”; 

 

	 	(5)	other non-cash charges of the Company and its Restricted Subsidiaries (excluding any such non-cash charge to the extent it represents an accrual of or reserve for cash charges in any future period or amortization of a
prepaid cash expense that was paid in a prior period not included in the calculation); and 

  

	 	(6)	if the Company changes its method of accounting for Oil and Gas Properties from full cost to successful efforts or a similar method of accounting, consolidated exploration and abandonment expense of the Company and its
Restricted Subsidiaries, 

 if applicable for such period; and less, to the extent included in calculating such Consolidated Net Income and in
excess of any costs or expenses attributable thereto that were deducted (and not added back) in calculating such Consolidated Net Income, the sum of (x) the amount of deferred revenues that are amortized during such period and are attributable
to reserves that are subject to Volumetric Production Payments, (y) amounts recorded in accordance with GAAP as repayments of principal and interest pursuant to Dollar-Denominated Production Payments and (z) other non-cash gains (excluding
any non-cash gain to the extent it represents the reversal of an accrual or reserve for a potential cash item that reduced Consolidated EBITDA in any prior period). 

Notwithstanding the preceding sentence, clauses (2) through (6) relating to amounts of a Restricted Subsidiary of the Company will
be added to Consolidated Net Income to compute Consolidated EBITDA of the Company only to the extent (and in the same proportion) that the net income (loss) of such Restricted Subsidiary was included in calculating the Consolidated Net Income
of the Company and, to the extent the amounts set forth in clauses (2) through (6) are in excess of those necessary to offset a net loss of such Restricted Subsidiary or if such Restricted Subsidiary has net income for such period included
in Consolidated Net Income, only if a corresponding amount would be permitted at the date of determination to be dividended to the Company by such Restricted Subsidiary without prior approval (that has not been obtained), pursuant to the terms of
its charter and all agreements, instruments, judgments, decrees, orders, statutes, rules and governmental regulations applicable to that Restricted Subsidiary or the holders of its Capital Stock. 

“Consolidated Income Tax Expense” means, with respect to any period, the provision for federal, state, local and foreign
income taxes (including state franchise taxes accounted for as income taxes in accordance with GAAP) of the Company and its Restricted Subsidiaries for such period as determined in accordance with GAAP. 

“Consolidated Interest Expense” means, for any period, the total consolidated interest expense (less interest income) of the
Company and its Restricted Subsidiaries, whether paid or accrued, plus, to the extent not included in such interest expense and without duplication: 
  

	 	(1)	interest expense attributable to Capitalized Lease Obligations and the interest component of any deferred payment obligations; 

  

	 	(2)	amortization of debt discount and debt issuance cost (provided that any amortization of bond premium will be credited to reduce Consolidated Interest Expense unless, pursuant to GAAP, such amortization of bond
premium has otherwise reduced Consolidated Interest Expense); 

  
 9 

	 	(3)	non-cash interest expense; 

  

	 	(4)	commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing; 

  

	 	(5)	the interest expense on Indebtedness of another Person that is Guaranteed by the Company or one of its Restricted Subsidiaries or secured by a Lien on assets of the Company or one of its Restricted Subsidiaries, whether
or not such Guarantee or Lien is called upon; 

  

	 	(6)	cash costs associated with Interest Rate Agreements (including amortization of fees); provided, however, that if Interest Rate Agreements result in net cash benefits rather than costs, such benefits shall
be credited to reduce Consolidated Interest Expense unless, pursuant to GAAP, such net benefits are otherwise reflected in Consolidated Net Income; 

  

	 	(7)	the consolidated interest expense of the Company and its Restricted Subsidiaries that was capitalized during such period; and 

  

	 	(8)	all dividends paid or payable in cash, Cash Equivalents or Indebtedness or accrued during such period on any series of Disqualified Stock of the Company or on Preferred Stock of its Restricted Subsidiaries payable to a
party other than the Company or another Restricted Subsidiary, 

 minus, to the extent included above, (i) any interest attributable to
Dollar-Denominated Production Payments and (ii) accretion of interest charges on future plugging and abandonment obligations, future retirement benefits and other obligations that do not constitute Indebtedness. 

For the purpose of calculating the Consolidated Coverage Ratio in connection with the Incurrence of any Indebtedness described in the final
paragraph of the definition of “Indebtedness”, the calculation of Consolidated Interest Expense shall include all interest expense (including any amounts described in clauses (1) through (8) above) relating to any
Indebtedness of the Company or any Restricted Subsidiary described in the final paragraph of the definition of “Indebtedness.” 

“Consolidated Net Income” means, for any period, the aggregate net income (loss) of the Company and its consolidated
Subsidiaries determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends of such Person; provided, however, that there will not be included (to the extent otherwise included therein) in such
Consolidated Net Income: 
  

	 	(1)	any net income (loss) of any Person (other than the Company) if such Person is not a Restricted Subsidiary, except that: 

  

	 	(a)	subject to the limitations contained in clauses (3) and (4) below, the Company’s equity in the net income of any such Person for such period will be included in such Consolidated Net Income up to the
aggregate amount of cash actually distributed by such Person during such period to the Company or a Restricted Subsidiary as a dividend or other distribution (subject, in the case of a dividend or other distribution to a Restricted Subsidiary, to
the limitations contained in clause (2) below); and 

  

	 	(b)	the Company’s equity in a net loss of any such Person for such period will be included in determining such Consolidated Net Income to the extent such loss has been funded with cash from the Company or a Restricted
Subsidiary during such period; 

  

	 	(2)	any net income (but not loss) of any Restricted Subsidiary if such Subsidiary is subject to restrictions, directly or indirectly, on the payment of dividends or the making of distributions by such Restricted Subsidiary,
directly or indirectly, to the Company, except that: 

  

	 	(a)	subject to the limitations contained in clauses (3), (4) and (5) below, the Company’s equity in the net income of any such Restricted Subsidiary for such period will be included in such Consolidated Net
Income up to the aggregate amount of cash that could have been distributed by such Restricted Subsidiary during such period to the Company or another Restricted Subsidiary as a dividend or other distribution (subject, in the case of a dividend or
other distribution paid to another Restricted Subsidiary, to the limitation contained in this clause); and 

  
 10 

	 	(b)	the Company’s equity in a net loss of any such Restricted Subsidiary for such period will be included in determining such Consolidated Net Income; 

 

	 	(3)	any gain (loss) realized upon the sale or other disposition of any property, plant or equipment of the Company or its consolidated Subsidiaries (including pursuant to any Sale/Leaseback Transaction) which is not sold or
otherwise disposed of in the ordinary course of business and any gain (loss) realized upon the sale or other disposition of any Capital Stock of any Person; 

  

	 	(4)	any extraordinary or nonrecurring gains or losses, together with any related provision for taxes on such gains or losses and all related fees and expenses; 

 

	 	(5)	the cumulative effect of a change in accounting principles; 

  

	 	(6)	any “ceiling limitation” on Oil and Gas Properties or other asset impairment writedowns under GAAP or SEC guidelines; 

  

	 	(7)	any unrealized non-cash gains or losses or charges in respect of Hedging Obligations (including those resulting from the application of FASB ASC 815); 

 

	 	(8)	income or loss attributable to discontinued operations (including, without limitation, operations disposed of during such period whether or not such operations were classified as discontinued); 

 

	 	(9)	all deferred financing costs written off, and premiums paid, in connection with any early extinguishment of Indebtedness; and 

  

	 	(10)	any non-cash compensation charge arising from any grant of stock, stock options or other equity based awards; provided that the proceeds resulting from any such grant will be excluded from
Section 1112(c)(ii). 

 “continuing” means, with respect to any Default or Event of Default, that such
Default or Event of Default has not been cured or waived. 
 “Corporate Trust Office” means the principal office of the
Trustee in Houston, Texas at which at any particular time its corporate trust business shall be administered, which office on the date hereof is located at The Bank of New York Mellon Trust Company, N.A., 601 Travis Street, 16th Floor, Houston, Texas 77002, Attention: Corporate Trust Administration, or such other address as the Trustee may designate from time to time by notice to the Holders and the Company, or the
principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the Holders and the Company). 

“Covenant Defeasance” has the meaning specified in Section 1403. 

“Credit Agreement Agent” means, at any time, the Person serving at such time as the “Agent” or “Administrative
Agent” under the Senior Secured Credit Agreement or other representative then most recently designated in accordance with the applicable provisions of the Senior Secured Credit Agreement, together with its successors in such capacity. 

“Credit Facility” means, with respect to the Company or any Restricted Subsidiary, one or more debt facilities (including,
without limitation, the Senior Secured Credit Agreement), indentures or commercial paper facilities providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to such lenders or to special
purpose entities formed to borrow from such lenders against such receivables), capital markets financings or letters of credit, in each case, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to
time (and whether or not with the original administrative agent and lenders or another administrative agent or agents or other lenders and whether provided under the original Senior Secured Credit Agreement or any other credit or other agreement or
indenture). 
 “Currency Agreement” means in respect of a Person any foreign exchange contract, currency swap agreement,
futures contract, option contract or other similar agreement as to which such Person is a party or a beneficiary. 
 “Customary
Recourse Exceptions” means, with respect to any Non-Recourse Debt of an Unrestricted Subsidiary or any Non-Recourse Purchase Money Indebtedness, exclusions from the exculpation provisions with respect to such Indebtedness for the voluntary
bankruptcy of such Unrestricted Subsidiary or the obligor on such 

  
 11 

 
Non-Recourse Purchase Money Indebtedness, as applicable, fraud, misapplication of cash, environmental claims, waste, willful destruction and other circumstances customarily excluded by lenders
from exculpation provisions or included in separate indemnification agreements in non-recourse financings. 
 “Default”
means any event which is, or after notice or passage of time or both would be, an Event of Default. 
 “Defaulted Interest”
has the meaning specified in Section 407. 
 “Defeasance” has the meaning specified in Section 1402. 

“Depositary” means, with respect to Notes issued in whole or in part in the form of one or more Global Notes, The Depository
Trust Company or any other clearing agency registered under the Exchange Act that is designated to act as successor Depositary for such Notes. 

“Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person which by its terms (or by the terms
of any security into which it is convertible or for which it is exchangeable) at the option of the holder of the Capital Stock or upon the happening of any event: 
  

	 	(1)	matures or is mandatorily redeemable (other than redeemable only for Capital Stock of such Person which is not itself Disqualified Stock) pursuant to a sinking fund obligation or otherwise; 

 

	 	(2)	is convertible or exchangeable for Disqualified Stock or other Indebtedness (excluding Capital Stock which is convertible or exchangeable solely at the option of the Company or a Restricted Subsidiary); or

  

	 	(3)	is redeemable at the option of the holder of the Capital Stock in whole or in part, 

 in each case on or prior
to the date that is 91 days after the earlier of the date (a) of the Stated Maturity of the Notes or (b) on which there are no Notes outstanding; provided that only the portion of Capital Stock which so matures or is
mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the option of the holder thereof prior to such date will be deemed to be Disqualified Stock; provided further, that any Capital Stock that would constitute
Disqualified Stock solely because the holders thereof have the right to require the Company to repurchase such Capital Stock upon the occurrence of a change of control or asset sale (each defined in a substantially identical manner to the
corresponding definitions in this Indenture) shall not constitute Disqualified Stock if the terms of such Capital Stock (and all such securities into which it is convertible or for which it is ratable or exchangeable) provide that (i) the
Company may not repurchase or redeem any such Capital Stock (and all such securities into which it is convertible or for which it is ratable or exchangeable) pursuant to such provision prior to compliance by the Company with the provisions of
Sections 1110 and 1115 and (ii) such repurchase or redemption will be permitted solely to the extent also permitted in accordance with Section 1112. 

“Dollar-Denominated Production Payments” means production payment obligations recorded as liabilities in accordance with
GAAP, together with all undertakings and obligations in connection therewith. 
 “Domestic Subsidiary” means any Subsidiary
organized under the laws of the United States, any State thereof or the District of Columbia. 
 “Equity Interests” means
Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock). 

“Equity Offering” means a public or private offering for cash by the Company of Capital Stock (other than Disqualified
Stock), other than public offerings registered on Form S-8. 
 “Event of Default” has the meaning specified in
Section 601. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of
the SEC promulgated thereunder. 
 “Excluded Accounts” means deposit accounts (1) with funds less than or equal to
$500,000 or (2) used solely (a) to pay payroll, employee wage and benefit payments, payroll taxes or other taxes, (b) for escrow or trust purposes, (c) for royalty suspense amounts or other third party funds or (d) as a zero
balance account. 

  
 12 

 “Excluded Collateral” means any of the following property or assets of any the
Company or any Subsidiary Guarantor: 
 (1) Excluded Equity Interests; 

(2) motor vehicles or other assets subject to certificates of title; 

(3) commercial tort claims where the amount of the damages claimed by the Company or any Subsidiary Guarantor is less than $5,000,000; 

(4) any lease, license, contract, property right or agreement (or any of its rights or interests thereunder) if and to the extent that the
grant of the security interest shall, after giving effect to Sections 9-406, 9-407, 9-408 or 9-409 of the Uniform Commercial Code (or any successor provision or provisions) or any other applicable law, constitute or result in (A) the
abandonment, invalidation or unenforceability of any material right, title or interest of the Company or any Subsidiary Guarantor therein or (B) a breach or termination pursuant to the terms of, or a default under, any such lease license,
contract, property rights or agreement; provided, however, that the security interest shall attach immediately at any such time as the restriction resulting in abandonment, invalidation or unenforceability or breach or termination shall be removed
or become invalid or any condition thereto (including any consent) shall be satisfied; 
 (5) once paid, any amounts constituting the payment
of a dividend or the repurchase or redemption of the shares of the Company’s common stock, in each case to the extent such dividend, repurchase or redemption is permitted under Section 1112; 

(6) any FCC License to the extent (but only to the extent) that at such time the Collateral Agent may not validly possess a security interest
therein pursuant to applicable Communications Laws, but the Collateral shall include, to the maximum extent permitted by law, all rights incident or appurtenant to the FCC Licenses (except to the extent requiring approval of any governmental
authority, including by the FCC) and the right to receive all proceeds derived from or in connection with the sale, assignment or transfer of the FCC Licenses; and 

(7) assets subject to a Lien securing Capitalized Lease Obligations or purchase money debt obligations, in each case permitted under
Section 1113 and section (10) of the definition of “Permitted Liens”, if the contract or other agreement in which such Lien is granted prohibits the creation of any other Lien on such assets (other than to the extent that any
such prohibition would be rendered ineffective pursuant to the Uniform Commercial Code or any other applicable law), provided that such asset (x) will be excluded from the Collateral only to the extent and for so long as the consequences
specified in this clause (7) will result and (y) will cease to be excluded from the Collateral and will become subject to the Lien granted hereunder, immediately and automatically, at such time as such consequences will no longer result.

 “Excluded Equity Interests” means (a) any Equity Interests of any Foreign Subsidiary that is classified as a CFC or
any FSHCO other than 65% of the voting Equity Interests of a FSHCO or any Foreign Subsidiary that is classified as a CFC and in each case is owned directly by the Company or a Subsidiary Guarantor, (b) the Equity Interests of any Subsidiary of
a Foreign Subsidiary that is classified as a CFC or is owned directly or indirectly by a CFC, (c) any Equity Interests of Excluded Subsidiaries. 

“Excluded Subsidiaries” means (a) each Unrestricted Subsidiary, (b) any Foreign Subsidiary that is classified as a
CFC or any Subsidiary thereof, (c) each Immaterial Subsidiary, (d) any Domestic Subsidiary that is a FSHCO, (e) SP 49 Pipeline, LLC and (f) HWCG Holdings, LLC; provided, that in the case of (e) and (f), if the Equity
Interests of SP 49 Pipeline, LLC or HWCG Holdings, LLC no longer constitute “Excluded Equity Interests” under the Senior Secured Credit Agreement, then SP 49 Pipeline, LLC or HWCG Holdings, LLC, as applicable, shall no longer constitute an
“Excluded Subsidiary”. 
 “Expiration Date” has the meaning specified in Section 204. 

“Fair Market Value” means, with respect to any asset or property, the sale value that would be obtained in an
arm’s-length free market transaction between an informed and willing seller under no compulsion to sell and an 

  
 13 

 
informed and willing buyer under no compulsion to buy. Fair Market Value of an asset or property equal to or in excess of $25.0 million shall be determined by the Board of Directors of the
Company acting in good faith, whose determination shall be conclusive and evidenced by a resolution of such Board of Directors delivered to the Trustee, and any lesser Fair Market Value may be determined by an officer of the Company acting in good
faith. 
 “FASB ASC 815” means Financial Accounting Standards Board Accounting Standards Codification Topic No. 815,
Derivatives and Hedging. 
 “FCC” means the Federal Communications Commission and any successor thereto. 

“FCC License” means any paging, mobile telephone, specialized mobile radio, microwave, personal communications services or
other license, permit, consent, certificate of compliance, franchise, approval, waiver or authorization granted or issued by the FCC. 

“Foreign Subsidiary” means any Restricted Subsidiary that is not organized under the laws of the United States of America or
any state thereof or the District of Columbia. 
 “FSHCO” means any Domestic Subsidiary substantially all of whose assets
(held directly or through its Subsidiaries) consist of equity interests of one or more Foreign Subsidiaries that are CFCs. 

“Funding Guarantor” has the meaning specified in Section 1605. 

“GAAP” means generally accepted accounting principles in the United States of America as in effect from time to time. All
ratios and computations based on GAAP contained in this Indenture will be computed in conformity with GAAP. 
 “Global
Note” means a Note that evidences all or part of the Notes and bears the legend set forth in Section 302. 

“Grantors” means the Company, the Subsidiary Guarantors and any other Person (if any) that provides collateral security for
any Secured Obligations. 
 “Guarantee” means any obligation, contingent or otherwise, of any Person directly or indirectly
guaranteeing any Indebtedness of any other Person and any obligation, direct or indirect, contingent or otherwise, of such Person: 
  

	 	(1)	to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness of such other Person (whether arising by virtue of partnership arrangements, or by agreement to keep-well, to purchase
assets, goods, securities or services, to take-or-pay, or to maintain financial statement conditions or otherwise); or 

  

	 	(2)	entered into for purposes of assuring in any other manner the obligee of such Indebtedness of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part); 

provided, however, that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of
business or any obligation to the extent it is payable only in Capital Stock of the Subsidiary Guarantor that is not Disqualified Stock. The term “Guarantee” used as a verb has a corresponding meaning. 

“Guarantor Subordinated Obligation” means, with respect to a Subsidiary Guarantor, its Guarantee of the any Indebtedness of
the Company or any Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) which is expressly subordinate in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a
written agreement. 
 “Hedging Obligations” of any Person means the obligations of such Person pursuant to any Interest
Rate Agreement, Currency Agreement or Commodity Agreement. 
 “Holder” means a Person in whose name a Note is registered on
the Security Registrar’s books. 

  
 14 

 “Hydrocarbons” means oil, natural gas, casing head gas, drip gasoline, natural
gasoline, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons and all constituents, elements or compounds thereof and products refined or processed therefrom. 

“Hydrocarbon Interests” means leasehold and other interests in or under oil, natural gas and other liquid or gaseous
Hydrocarbon leases wherever located, mineral fee interests, overriding royalty and royalty interests, and net profit Interests relating to oil, gas or other liquid or gaseous Hydrocarbons wherever located, including any reserved or residual interest
of whatever nature. 
 “Immaterial Subsidiary” means, as of any date, any Restricted Subsidiary whose total assets, as of
the end of the most recent month for which financial statements are available, are less than $5.0 million and whose total revenues for the most recent 12-month period for which financial statements are available do not exceed $5.0 million;
provided that a Restricted Subsidiary will not be considered to be an Immaterial Subsidiary if it, directly or indirectly, Guarantees or otherwise provides direct credit support for any Indebtedness of the Company. 

“Incur” means issue, create, assume, Guarantee, incur or otherwise become directly or indirectly liable for, contingently or
otherwise; provided, however, that any Indebtedness or Capital Stock of a Person existing at the time such Person becomes a Restricted Subsidiary (whether by merger, consolidation, acquisition or otherwise) will be deemed to be
Incurred by such Restricted Subsidiary at the time it becomes a Restricted Subsidiary; and the terms “Incurred” and “Incurrence” have meanings correlative to the foregoing. 

“Indebtedness” means, with respect to any Person on any date of determination (without duplication, whether or not
contingent): 
  

	 	(1)	the principal of and premium (if any) in respect of indebtedness of such Person for borrowed money; 

  

	 	(2)	the principal of and premium (if any) in respect of obligations of such Person evidenced by bonds, debentures, notes or other similar instruments; 

 

	 	(3)	the principal component of all obligations of such Person in respect of letters of credit, bankers’ acceptances or other similar instruments (including reimbursement obligations with respect thereto except to the
extent such reimbursement obligation relates to a trade payable, to the extent such letters of credit are not drawn upon or, if and to the extent drawn upon, such obligation is satisfied within 30 days of payment on the letter of credit);

  

	 	(4)	the principal component of all obligations of such Person (other than obligations payable solely in Capital Stock that is not Disqualified Stock) to pay the deferred and unpaid purchase price of property (except as
described in clause (8) of the penultimate paragraph of this definition of “Indebtedness”), which purchase price is due more than six months after the date of placing such property in service or taking delivery and title thereto to
the extent such obligations would appear as a liabilities upon the consolidated balance sheet of such Person in accordance with GAAP; 

  

	 	(5)	Capitalized Lease Obligations of such Person to the extent such Capitalized Lease Obligations would appear as liabilities on the consolidated balance sheet of such Person in accordance with GAAP; 

 

	 	(6)	the principal component or liquidation preference of all obligations of such Person with respect to the redemption, repayment or other repurchase of any Disqualified Stock or, with respect to any Subsidiary that is not
a Subsidiary Guarantor, any Preferred Stock (but excluding, in each case, any accrued dividends); 

  

	 	(7)	the principal component of all Indebtedness of other Persons secured by a Lien on any asset of such Person, whether or not such Indebtedness is assumed by such Person; provided, however, that the amount of
such Indebtedness will be the lesser of (a) the Fair Market Value of such asset at such date of determination and (b) the amount of such Indebtedness of such other Persons; 

 

	 	(8)	the principal component of Indebtedness of other Persons to the extent Guaranteed by such Person; and 

  

	 	(9)	to the extent not otherwise included in this definition, net obligations of such Person under Commodity Agreements, Currency Agreements and Interest Rate Agreements (the amount of any such obligations to be equal at any
time to the termination value of such agreement or arrangement giving rise to such obligation that would be payable by such Person at such time); 

  
 15 

 provided, however, that any indebtedness which has been defeased in accordance with GAAP or
defeased pursuant to the deposit of cash or Cash Equivalents (in an amount sufficient to satisfy all such indebtedness obligations at maturity or redemption, as applicable, and all payments of interest and premium, if any) in a trust or account
created or pledged for the sole benefit of the holders of such indebtedness, and subject to no other Liens, shall not constitute “Indebtedness.” The term “Indebtedness also excludes any repayment or reimbursement obligation of such
Person or any of its Restricted Subsidiaries with respect to Customary Recourse Exceptions, unless and until an event or circumstance occurs that triggers the Person’s or such Restricted Subsidiary’s direct repayment or reimbursement
obligation (as opposed to contingent or performance obligations) to the lender or other Person to whom such obligation is actually owed, in which case the amount of such direct payment or reimbursement obligation shall constitute Indebtedness. 

The amount of Indebtedness of any Person at any date will be the outstanding balance at such date of all unconditional obligations as
described above and the maximum liability, upon the occurrence of the contingency giving rise to the obligation, of any contingent obligations at such date. 

Notwithstanding the preceding, “Indebtedness” of any Person shall not include: 

 

	 	(1)	Production Payments and Reserve Sales; 

  

	 	(2)	any obligation of a Person in respect of a farm-in agreement or similar arrangement whereby such Person agrees to pay all or a share of the drilling, completion or other expenses of an exploratory or development well
(which agreement may be subject to a maximum payment obligation, after which expenses are shared in accordance with the working or participation interest therein or in accordance with the agreement of the parties) or perform the drilling, completion
or other operation on such well in exchange for an ownership interest in an oil or gas property; 

  

	 	(3)	any obligations under Currency Agreements, Commodity Agreements and Interest Rate Agreements; provided that such agreements are entered into for bona fide hedging purposes of such Person or its Restricted
Subsidiaries (as determined in good faith by the Board of Directors or senior management of the Company, whether or not accounted for as a hedge in accordance with GAAP) and, in the case of Currency Agreements or Commodity Agreements, such Currency
Agreements or Commodity Agreements are related to business transactions of such Person or its Restricted Subsidiaries entered into in the ordinary course of business and, in the case of Interest Rate Agreements, such Interest Rate Agreements
substantially correspond in terms of notional amount, duration and interest rates, as applicable, to Indebtedness of such Person or its Restricted Subsidiaries Incurred without violation of this Indenture; 

 

	 	(4)	any obligation arising from agreements of such Person or a Restricted Subsidiary providing for indemnification, Guarantees, adjustment of purchase price, holdbacks, contingency payment obligations or similar
obligations, in each case, Incurred or assumed in connection with the acquisition or disposition of any business, assets or Capital Stock of a Restricted Subsidiary, provided that such Indebtedness is not reflected on the face of the balance
sheet of the Company or any Restricted Subsidiary; 

  

	 	(5)	any obligation arising from the honoring by a bank or other financial institution of a check, draft or similar instrument (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary
course of business, provided that such Indebtedness is extinguished within five business days of Incurrence; 

  

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

  

	 	(7)	all contracts and other obligations, agreements, instruments or arrangements described in clauses (19), (20), (21) or (26)(a) of the definition of “Permitted Liens”; and 

 

	 	(8)	accrued expenses and trade payables and other accrued liabilities arising in the ordinary course of business that are not overdue by 90 days past the invoice or billing date or more or are being contested in good
faith by appropriate proceedings promptly instituted and diligently conducted. 

  
 16 

 In addition, “Indebtedness” of any Person shall include Indebtedness described in the
first paragraph of this definition of “Indebtedness” that would not appear as a liability on the balance sheet of such Person if: 
  

	 	(1)	such Indebtedness is the obligation of a partnership or joint venture that is not a Restricted Subsidiary (a “Joint Venture”); 

 

	 	(2)	such Person or a Restricted Subsidiary of such Person is a general partner of the Joint Venture or otherwise liable for all or a portion of the Joint Venture’s liabilities (a “General Partner”); and

  

	 	(3)	there is recourse, by contract or operation of law, with respect to the payment of such Indebtedness to property or assets of such Person or a Restricted Subsidiary of such Person; and then such Indebtedness shall be
included in an amount not to exceed: 

  

	 	(a)	the lesser of (i) the net assets of the General Partner and (ii) the amount of such obligations to the extent that there is recourse, by contract or operation of law, to the property or assets of such Person
or a Restricted Subsidiary of such Person; or 

  

	 	(b)	if less than the amount determined pursuant to clause (a) immediately above, the actual amount of such Indebtedness that is with recourse to such Person or a Restricted Subsidiary of such Person, if the
Indebtedness is evidenced by a writing and is for a determinable amount and the related interest expense shall be included in Consolidated Interest Expense to the extent actually paid by such Person and its Restricted Subsidiaries.

 “Indenture” has the meaning specified in the first paragraph of this Indenture. 

“Intercreditor Agreement” means the Intercreditor Agreement among the Collateral Agent, the Trustee, the Priority Lien Agent
and the other Persons from time to time party thereto, to be entered into on the Issue Date, as it may be amended, restated, supplemented or otherwise modified from time to time in accordance with its terms. 

“Interest Payment Date”, when used with respect to any Note, means the Stated Maturity of an installment of interest on such
Note. 
 “Interest Rate Agreement” means with respect to any Person any interest rate protection agreement, interest rate
future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement or other similar agreement or arrangement as to which such Person is party or
a beneficiary. 
 “Investment” means, with respect to any Person, all investments by such Person in other Persons
(including Affiliates) in the form of any direct or indirect advance, loan or other extensions of credit (including by way of Guarantee or similar arrangement, but excluding any debt or extension of credit represented by a bank deposit other than a
time deposit and advances or extensions of credit to customers in the ordinary course of business) or capital contribution to (by means of any transfer of cash or other property to others or any payment for property or services for the account or
use of others), or any purchase or acquisition of Capital Stock, Indebtedness or other similar instruments (excluding any interest in a crude oil or natural gas leasehold to the extent constituting a security under applicable law) issued by, such
other Person and all other items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP. 
 The
amount of any Investment shall not be adjusted for increases or decreases in value, write-ups, write-downs or write-offs with respect to such Investment. 

For purposes of the definition of “Unrestricted Subsidiary” and Section 1112, 

 

	 	(1)	“Investment” will include the portion (proportionate to the Company’s equity interest in a Restricted Subsidiary to be designated as an Unrestricted Subsidiary) of the Fair Market Value of the net assets
of such Restricted Subsidiary at the time that such Restricted Subsidiary is designated an Unrestricted Subsidiary; provided, however, that upon a redesignation of such Subsidiary as a Restricted Subsidiary, the Company will be deemed
to continue to have a permanent “Investment” in an Unrestricted Subsidiary in an amount (if positive) equal to (a) the Company’s “Investment” in such Subsidiary at the time of such redesignation less (b) the
portion (proportionate to the Company’s equity interest in such Subsidiary) of the Fair Market Value of the net assets of such Subsidiary at the time that such Subsidiary is so redesignated a Restricted Subsidiary; and 

  
 17 

	 	(2)	any property transferred to or from an Unrestricted Subsidiary will be valued at its Fair Market Value at the time of such transfer. 

“Investment Company Act” means the Investment Company Act of 1940 and any statute successor thereto, in each case as amended
from time to time. 
 “Investment Grade Rating” means a rating equal to or higher than: 

 

	 	(1)	Baa3 (or the equivalent) with a stable or better outlook by Moody’s; and 

  

	 	(2)	BBB– (or the equivalent) with a stable or better outlook by S&P, 

 or, if either such Rating Agency
ceases to make a rating on the Notes publicly available for reasons outside of the Company’s control, the equivalent investment grade credit rating from any other Rating Agency. 

“Investment Grade Rating Event” means the first day on which the Notes have an Investment Grade Rating from each Rating
Agency, and no Default has occurred and is then continuing under this Indenture. 
 “Issue Date” means the date of this
Indenture. 
 “Junior Lien” means a Lien, junior to the Priority Liens and the Liens securing the Note Obligations as
provided in the Intercreditor Agreement, granted by the Company or any Subsidiary Guarantor in favor of holders of Junior Lien Debt (or any collateral agent or representative in connection therewith), at any time, upon any Property of the Company or
any Subsidiary Guarantor to secure Junior Lien Obligations. 
 “Junior Lien Debt” means any Indebtedness (other than
intercompany Indebtedness owing to the Company or its Subsidiaries) of the Company or any Subsidiary Guarantor (including any Refinancing Indebtedness in respect thereof to the extent permitted by the Intercreditor Agreement) that is secured by a
Junior Lien and that was permitted to be Incurred under the first paragraph of the Section 1111 or clause (1), (2), (4) or (8) of the second paragraph thereof and also permitted to be Incurred and so secured under each applicable
Secured Debt Document; provided that, in the case of any Indebtedness referred to in this definition: 

(a)    on or before the date on which the first such Indebtedness is Incurred by the Company or any Subsidiary Guarantor,
the Junior Lien collateral agent shall become a party an intercreditor agreement providing for the express subordination of such Junior Lien to the Priority Liens and the Liens securing the Note Obligations by executing and delivering an Additional
Secured Debt Designation; 
 (b)    on or before the date on which such Indebtedness is Incurred by the Company or any
Subsidiary Guarantor, such Indebtedness is designated by the Company, in an Officers’ Certificate delivered to the Junior Lien collateral agent and Collateral Agent as “Junior Lien Debt” for the purposes of the Secured Debt Documents;
provided that no Series of Junior Lien Debt may be designated as both Junior Lien Debt and Priority Lien Debt or as being secured on a pari passu basis with the Liens securing the Note Obligations (or any combination of the three);

 (c)    the administrative agent or other representative with respect to such Indebtedness, the Priority Lien Agent,
the Junior Lien collateral agent, the Collateral Agent, the Company and each applicable Subsidiary Guarantor have duly executed and delivered an intercreditor agreement providing for the express subordination of such Junior Lien to the Priority
Liens and the Liens securing the Note Obligations in a form reasonably acceptable to each of the parties thereto; and 

(d)    all other requirements set forth in such intercreditor agreement as to the confirmation, grant or perfection of the
Liens of the holders of Junior Debt to secure such Indebtedness or Obligations in respect thereof are satisfied. 
 “Junior Lien
Documents” means, collectively, any indenture, credit agreement or other agreement or instrument pursuant to which Junior Lien Debt is Incurred and the documents pursuant to which Junior Lien Obligations are granted, in each case, as
amended, modified, renewed, restated or replaced, in whole or in part, from time to time. 
 “Junior Lien Obligations”
means Junior Lien Debt and all other Obligations in respect thereof. 
 “Lien” means, with respect to any asset, any
mortgage, lien (statutory or otherwise), pledge, hypothecation, charge, security interest, preference, priority or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law,
including any conditional sale or other title retention 

  
 18 

 
agreement, any lease in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform
Commercial Code (or equivalent statutes) of any jurisdiction; provided that in no event shall an operating lease be deemed to constitute a Lien. 

“Minority Interest” means the percentage interest represented by any class of Capital Stock of a Restricted Subsidiary that
are not owned by the Company or a Restricted Subsidiary. 
 “Modified ACNTA” means, as of any date of determination, an
amount equal to the Company’s Adjusted Consolidated Net Tangible Assets calculated as of a date not more than 30 days prior to the date of determination (the “calculation date”), on the following basis: 

(a)    in lieu of commodity pricing of future net revenues based on SEC guidelines, Modified ACNTA Prices shall be used
after giving effect to all commodity derivatives contracts in effect as of the date of determination as determined in good faith by the Company, and 

(b)    such calculation shall be based on then current estimates of costs determined in good faith by the Company in light
of prevailing market conditions. 
 “Modified ACNTA Prices” means, as of any date of determination, the forward month
prices for the most comparable hydrocarbon commodity applicable to such future production month for a five year period (or such shorter period if forward month prices are not quoted for a reasonably comparable hydrocarbon commodity for the full five
year period), with such prices held constant thereafter based on the last quoted forward month price of such period, as such prices are (i) quoted on the NYMEX (or its successor) as of the calculation date (as defined in the definition of
Modified ACNTA) and (ii) adjusted for energy content, quality and basis differentials; provided that with respect to estimated future production for which prices are defined, within the meaning of SEC guidelines, by contractual
arrangements excluding escalations based upon future conditions, then such contract prices shall be applied to future production subject to such arrangements. 

“Moody’s” means Moody’s Investors Service, Inc., or any successor to the rating agency business thereof. 

“Net Available Cash” from an Asset Disposition means cash payments received (including any cash payments received by way of
deferred payment of principal pursuant to a note or installment receivable or otherwise and net proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other
consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to the properties or assets that are the subject of such Asset Disposition or received in any other non-cash form) therefrom, in
each case net of: 
  

	 	(1)	all legal, accounting, investment banking, title and recording tax expenses, commissions and other fees and expenses Incurred, and all federal, state, provincial, foreign and local taxes required to be paid or accrued
as a liability under GAAP (after taking into account any available tax credits or deductions and any tax sharing agreements), as a consequence of such Asset Disposition; 

 

	 	(2)	all payments made on any Indebtedness which is secured by any assets subject to such Asset Disposition, in accordance with the terms of any Lien upon such assets, or which must by its terms, or in order to obtain a
necessary consent to such Asset Disposition, or by applicable law be repaid out of the proceeds from such Asset Disposition; 

  

	 	(3)	all distributions and other payments required to be made to minority interest holders in Subsidiaries or joint ventures or to holders of royalty or similar interests as a result of such Asset Disposition;

  

	 	(4)	the deduction of appropriate amounts to be provided by the seller as a reserve, in accordance with GAAP, against any liabilities associated with the assets disposed of in such Asset Disposition and retained by the
Company or any Restricted Subsidiary after such Asset Disposition; and 

  

	 	(5)	all relocation expenses incurred as a result thereof and all related severance and associated costs, expenses and charges of personnel related to assets and related operations disposed of; 

provided, however, that if any consideration for an Asset Disposition (that would otherwise constitute Net Available Cash) is required to be
held in escrow pending determination of whether or not a purchase price adjustment will be made, such consideration (or any portion thereof) shall become Net Available Cash only at such time as it is released to the Company or any of its Restricted
Subsidiaries from escrow. 

  
 19 

 “Net Cash Proceeds”, with respect to any issuance or sale of Capital Stock or
any contribution to equity capital, means the cash proceeds of such issuance, sale or contribution net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, listing fees, discounts or commissions and
brokerage, consultant and other fees and charges actually Incurred in connection with such issuance, sale or contribution and net of taxes paid or payable as a result of such issuance or sale (after taking into account any available tax credit or
deductions and any tax sharing arrangements). 
 “Net Working Capital” means (a) all current assets of the Company and
its Restricted Subsidiaries, except current assets from commodity price risk management activities arising in the ordinary course of the Oil and Gas Business, less (b) all current liabilities of the Company and its Restricted Subsidiaries,
except current liabilities (i) associated with asset retirement obligations relating to Oil and Gas Properties, (ii) included in Indebtedness and (iii) any current liabilities from commodity price risk management activities arising in
the ordinary course of the Oil and Gas Business, in each case as set forth in the consolidated financial statements of the Company prepared in accordance with GAAP except as contemplated by clause (3) of the definition of “Permitted
Liens” or for Customary Recourse Exceptions. 
 “New York Uniform Commercial Code” means the Uniform Commercial Code
as from time to time in effect in the State of New York. 
 “Non-Recourse Debt” means Indebtedness of a Person: 

 

	 	(1)	as to which neither the Company nor any Restricted Subsidiary (a) provides any Guarantee or credit support of any kind (including any undertaking, guarantee, indemnity, agreement or instrument that would constitute
Indebtedness) or (b) is directly or indirectly liable (as a guarantor or otherwise), except for Customary Recourse Exceptions; 

  

	 	(2)	no default with respect to which (including any rights that the holders thereof may have to take enforcement action against an Unrestricted Subsidiary) would permit (upon notice, lapse of time or both) any holder of any
other Indebtedness of the Company or any Restricted Subsidiary to declare a default under such other Indebtedness or cause the payment thereof to be accelerated or payable prior to its stated maturity; and 

 

	 	(3)	the explicit terms of which provide there is no recourse against any of the assets of the Company or its Restricted Subsidiaries (excluding any adjustments made pursuant to FASB ASC 815. 

“Note Documents” means this Indenture, the Notes, the Subsidiary Guarantees, the Security Documents and the Intercreditor
Agreement. 
 “Note Obligations” means the obligations of the Company and the Subsidiary Guarantors hereunder in respect of
the Notes, this Indenture and the other Note Documents. 
 “Notice of Default” means a written notice of the kind specified
in Section 601(4). 
 “NYMEX” means the New York Mercantile Exchange. 

“Obligations” means any principal, premium, if any, interest (including interest accruing on or after the filing of any
petition in bankruptcy or for reorganization, whether or not a claim for post-filing interest is allowed in such proceeding), penalties, fees, charges, expenses, indemnifications, reimbursement obligations, damages, guarantees, and other liabilities
or amounts payable under the documentation governing any Indebtedness or in respect thereto. 
 “Officer” means the
Chairman of the Board, the Chief Executive Officer, the President, the Chief Financial Officer, any Vice President, the Treasurer or the Secretary of the Company. Officer of any Subsidiary Guarantor has a correlative meaning. 

“Officers’ Certificate” means a certificate signed by two Officers of the Company, one of whom must be, in the case of
the Officers’ Certificate referred to in Section 1104(a), the principal executive officer, the principal financial officer or the principal accounting officer of the Company, and that meets the requirements of Section 202. 

  
 20 

 “Oil and Gas Business” means: 

 

	 	(1)	the business of acquiring, exploring, exploiting, developing, producing, operating and disposing of interests in oil, natural gas, liquefied natural gas and other Hydrocarbon and mineral properties or products produced
in association with any of the foregoing; 

  

	 	(2)	the business of gathering, marketing, distributing, treating, processing, storing, refining, selling and transporting of any production from such interests or properties and products produced in association therewith
and the marketing of oil, natural gas, other Hydrocarbons and minerals obtained from unrelated Persons; 

  

	 	(3)	any other related energy business, including power generation and electrical transmission business, directly or indirectly, from oil, natural gas and other Hydrocarbons and minerals produced substantially from
properties in which the Company or its Restricted Subsidiaries, directly or indirectly, participate; 

  

	 	(4)	any business relating to oil field sales and service; and 

  

	 	(5)	any business or activity relating to, arising from, or necessary, appropriate or incidental to the activities described in the foregoing clauses (1) through (4) of this definition. 

“Oil and Gas Properties” means Hydrocarbon Interests now owned by the Company and the Subsidiary Guarantors and contracts
executed in connection therewith and all tenements, hereditaments, appurtenances, and properties belonging, affixed or incidental to such Hydrocarbon Interests, including any and all property, real or personal, now owned by the Company or the
Subsidiary Guarantors and situated upon or to be situated upon, and used, built for use, or useful in connection with the operating, working or developing of such Hydrocarbon Interests, including any and all petroleum and/or natural gas wells,
buildings, structures, field separators, liquid extractors, plant compressors, pumps, pumping units, field gathering systems, pipelines, tank and tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers, liters, apparatus,
equipment, appliances, tools, implements, cables, wires, towers, taping, tubing and rods, surface leases, rights-of-way, easements and servitudes, and all additions, substitutions, replacements for, and fixtures and attachments to, any and all of
the foregoing owned directly or indirectly by the Company and the Subsidiary Guarantors. 
 “Opinion of Counsel” means a
written opinion from legal counsel that meets the requirements of Section 202. The counsel may be an employee of or counsel to the Company. 

“Outstanding”, when used with respect to the Notes, means, as of the date of determination, all Notes theretofore
authenticated and delivered under this Indenture, except: 
  

	 	(1)	Notes theretofore cancelled by the Trustee or delivered to the Trustee for cancellation; 

  

	 	(2)	Notes for whose payment or redemption money in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other than the Company or an Affiliate of the Company) in trust or set aside and
segregated in trust by the Company (if the Company or an Affiliate of the Company shall act as its own Paying Agent) for the Holders of such Notes; provided that, if such Notes are to be redeemed, notice of such redemption has been duly given
pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; 

  

	 	(3)	Notes as to which Defeasance has been effected pursuant to Section 1402; and 

  

	 	(4)	Notes which have been paid pursuant to Section 406 or in exchange for or in lieu of which other Notes have been authenticated and delivered pursuant to this Indenture, other than any such Notes in respect of which
there shall have been presented to the Trustee proof satisfactory to it that such Notes are held by a protected purchaser in whose hands such Notes are valid obligations of the Company; 

provided, however, that in determining whether the Holders of the requisite principal amount of the Outstanding Notes have given, made or taken
any request, demand, authorization, direction, notice, consent, waiver or other Act hereunder as of any date, Notes owned by the Company or any other obligor upon the Notes or any Affiliate of the Company or such other obligor shall be disregarded
and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent, waiver or other action, only Notes which a Responsible Officer
of the Trustee actually knows to be so owned shall be so disregarded. Notes so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to
act with respect to such Notes and that the pledgee is not the Company or any other obligor upon the Notes or any Affiliate of the Company or of such other obligor. 

  
 21 

 “Paying Agent” means any Person authorized by the Company to pay the principal
of or any premium or interest on any Notes on behalf of the Company. 
 “Permitted Acquisition Indebtedness” means
Indebtedness (including Disqualified Stock) of the Company or any of the Restricted Subsidiaries to the extent such Indebtedness was Indebtedness: 
  

	 	(1)	of an acquired Person prior to the date on which such Person became a Restricted Subsidiary as a result of having been acquired and not Incurred in contemplation of such acquisition; or 

 

	 	(2)	of a Person that was merged, consolidated or amalgamated with or into the Company or a Restricted Subsidiary that was not Incurred in contemplation of such merger, consolidation or amalgamation, 

provided that on the date such Person became a Restricted Subsidiary or the date such Person was merged, consolidated and amalgamated with or into the
Company or a Restricted Subsidiary, as applicable, after giving pro forma effect thereto, 
  

	 	(a)	the Restricted Subsidiary or the Company, as applicable, would be permitted to Incur at least $1.00 of additional Indebtedness pursuant to the first paragraph of Section 1111, or 

 

	 	(b)	the Consolidated Coverage Ratio for the Company would be greater than the Consolidated Coverage Ratio for the Company immediately prior to such transaction. 

“Permitted Business Investment” means any Investment made in the ordinary course of, and of a nature that is or shall have
become customary in, the Oil and Gas Business including investments or expenditures for actively exploiting, exploring for, acquiring, developing, producing, processing, gathering, marketing or transporting oil, natural gas or other Hydrocarbons and
minerals through agreements, transactions, interests or arrangements which permit one to share risks or costs, comply with regulatory requirements regarding local ownership or satisfy other objectives customarily achieved through the conduct of the
Oil and Gas Business jointly with third parties including: 
  

	 	(a)	ownership interests in oil, natural gas, other Hydrocarbons and minerals properties, liquefied natural gas facilities, processing facilities, gathering systems, pipelines, storage facilities or related systems or
ancillary real property interests; 

  

	 	(b)	Investments in the form of or pursuant to operating agreements, working interests, royalty interests, mineral leases, processing agreements, farm-in agreements, farm-out agreements, contracts for the sale,
transportation or exchange of oil, natural gas, other Hydrocarbons and minerals, production sharing agreements, participation agreements, development agreements, area of mutual interest agreements, unitization agreements, pooling agreements, joint
bidding agreements, service contracts, joint venture agreements, partnership agreements (whether general or limited) and other similar agreements (including for limited liability companies) with third parties, excluding, however, Investments in
corporations and publicly-traded limited liability companies or limited partnerships; and 

  

	 	(c)	direct or indirect ownership interests in drilling rigs and related equipment, including, without limitation, transportation equipment. 

“Permitted Holder” means (i) each of (a) Bain Capital Credit, LP, (b) Credit Suisse Asset Management, LLC,
(c) Franklin Advisers, Inc., (d) MacKay Shields LLC, (e) Par Capital Management, Inc. and (f) Putnam Investments, (ii) any affiliated funds or investment vehicles managed by any of the Persons described in clause (i), and
(iii) any general partner, managing member, principal or managing director of any of the Persons described in clause (i). 

“Permitted Investment” means an Investment by the Company or any Restricted Subsidiary in: 

 

	 	(1)	the Company (whether by way of an Investment in the Notes or otherwise) or a Restricted Subsidiary; provided, however, that the primary business of such Restricted Subsidiary is the Oil and Gas Business;

  
 22 

	 	(2)	another Person whose primary business is the Oil and Gas Business if as a result of such Investment such other Person becomes a Restricted Subsidiary or is merged or consolidated with or into, or transfers or conveys
all or substantially all its assets to, the Company or a Restricted Subsidiary and, in each case, any Investment held by such Person; provided that such Investment was not acquired by such Person in contemplation of such acquisition, merger,
consolidation or transfer; 

  

	 	(3)	cash and Cash Equivalents; 

  

	 	(4)	receivables owing to the Company or any Restricted Subsidiary created or acquired in the ordinary course of business and payable or dischargeable in accordance with customary trade terms; provided,
however, that such trade terms may include such concessionary trade terms as the Company or any such Restricted Subsidiary deems reasonable under the circumstances; 

 

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

  

	 	(6)	loans or advances to employees (other than executive officers) made in the ordinary course of business consistent with past practices of the Company or such Restricted Subsidiary not to exceed $5.0 million in the
aggregate at any one time outstanding; 

  

	 	(7)	non-speculative Hedging Obligations entered into in the ordinary course of business and in compliance with this Indenture; 

  

	 	(8)	endorsements of negotiable instruments and documents in the ordinary course of business; 

  

	 	(9)	an acquisition of assets, Capital Stock or other securities by the Company or a Subsidiary for consideration to the extent such consideration consists of Common Stock of the Company; 

 

	 	(10)	Capital Stock, obligations or securities received in settlement of debts (x) created in the ordinary course of business and owing to the Company or any Restricted Subsidiary or in satisfaction of judgments or
(y) pursuant to any plan of reorganization or similar arrangement in a bankruptcy or insolvency proceeding; 

  

	 	(11)	any Person as a result of the receipt of non-cash consideration from an Asset Disposition that was made pursuant to and in compliance with Section 1115; 

 

	 	(12)	Commodity Agreements, Currency Agreements, Interest Rate Agreements and related Hedging Obligations, which transactions or obligations are Incurred in compliance with Section 1111; 

 

	 	(13)	Guarantees issued in accordance with Section 1111; 

  

	 	(14)	Permitted Business Investments; 

  

	 	(15)	any Person where such Investment was acquired by the Company or any of its Restricted Subsidiaries (a) in exchange for any other Investment or accounts receivable held by the Company or any such Restricted
Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization or recapitalization of the issuer of such other Investment or accounts receivable or (b) as a result of a foreclosure by the Company or any of its Restricted
Subsidiaries with respect to any secured Investment or other transfer of title with respect to any secured Investment in default; 

  

	 	(16)	any Person to the extent such Investments consist of prepaid expenses, negotiable instruments held for collection and lease, utility and workers’ compensation, performance and other similar deposits made in the
ordinary course of business by the Company or any Restricted Subsidiary; 

  

	 	(17)	Guarantees of performance or other obligations (other than Indebtedness) arising in the ordinary course in the Oil and Gas Business, including obligations under oil and natural gas exploration, development, joint
operating, and related agreements and licenses, concessions or operating leases related to the Oil and Gas Business; and 

  

	 	(18)	Investments by the Company or any of its Restricted Subsidiaries, together with all other Investments pursuant to this clause (18), in an aggregate amount outstanding at the time of such Investment not to exceed the
greater of $10.0 million and 1.0% of the Company’s Modified ACNTA (with the Fair Market Value of such Investment being measured at the time such Investment is made and without giving effect to subsequent changes in value). 

  
 23 

 “Permitted Liens” means, with respect to any Person: 

 

	 	(1)	Liens securing Priority Lien Debt or Junior Lien Debt under Credit Facilities permitted to be Incurred under clause (1) of the second paragraph of Section 1111 and Liens securing Bank Product Obligations and
Hedging Obligations constituting Priority Lien Obligations; 

  

	 	(2)	pledges or deposits by such Person under workers’ compensation laws, unemployment insurance laws, social security or old age pension laws or similar legislation or regulations or other insurance-related obligations
(including, but not limited to, in respect of deductibles, self-insured retention amounts and premiums and adjustments thereto) or indemnification obligations of (including obligations in respect of letters of credit or bank guarantees for the
benefit of) insurance carriers providing property, casualty or liability insurance, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such Person is a party, or
deposits (which may be secured by a Lien) to secure public or statutory obligations of such Person including letters of credit and bank guarantees required or requested by the United States, any State thereof or any foreign government or any
subdivision, department, agency, organization or instrumentality of any of the foregoing in connection with any contract or statute (including lessee or operator obligations under statutes, governmental regulations, contracts or instruments related
to the ownership, exploration and production of oil, natural gas, other Hydrocarbons and minerals on State, Federal or foreign lands or waters), or deposits of cash or United States government bonds to secure indemnity performance, surety or appeal
bonds or other similar bonds to which such Person is a party, or deposits as security for contested taxes or import or customs duties or for the payment of rent, in each case Incurred in the ordinary course of business; 

 

	 	(3)	Liens on and pledges of Capital Stock of any Unrestricted Subsidiary or any Joint Venture owned by the Company or any Restricted Subsidiary of the Company to the extent securing Non-Recourse Debt or other Indebtedness
of such Unrestricted Subsidiary or Joint Venture; 

  

	 	(4)	Liens for taxes, assessments or other governmental charges or claims not yet subject to penalties for non-payment or which are being contested in good faith by appropriate proceedings; provided that appropriate
reserves, if any, required pursuant to GAAP have been made in respect thereof; 

  

	 	(5)	Liens in favor of issuers of surety or performance bonds or bankers’ acceptances issued pursuant to the request of and for the account of such Person in the ordinary course of its business; 

 

	 	(6)	survey exceptions, encumbrances, ground leases, easements or reservations of, or rights of others for, licenses, rights of way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or
zoning, building codes or other restrictions (including, without limitation, minor defects or irregularities in title and similar encumbrances) as to the use of real properties or Liens incidental to the conduct of the business of such Person or to
the ownership of its properties which do not in the aggregate materially adversely affect the value of the assets of such Person and its Restricted Subsidiaries, taken as a whole, or materially impair their use in the operation of the business of
such Person; 

  

	 	(7)	Liens securing, to the extent not constituting Priority Lien Obligations, (a) Hedging Obligations and (b) in respect of Bank Product Obligations of the Company and its Restricted Subsidiaries, in each case,
Incurred in the ordinary course of business; provided that such Liens are subordinated to the Liens securing the Note Obligations; 

  

	 	(8)	leases, licenses, subleases and sublicenses of assets (including, without limitation, real property and intellectual property rights) which do not materially interfere with the ordinary conduct of the business of the
Company or any of its Restricted Subsidiaries; 

  

	 	(9)	prejudgment Liens and judgment Liens not giving rise to an Event of Default so long as such Lien is adequately bonded and any appropriate legal proceedings which may have been duly initiated for the review of such
judgment have not been finally terminated or the period within which such proceedings may be initiated has not expired; 

  
 24 

	 	(10)	Liens for the purpose of securing the payment of all or a part of the purchase price of, or Capitalized Lease Obligations, purchase money obligations or other payments Incurred to finance the acquisition, lease,
improvement or construction of or repairs or additions to, assets or property acquired or constructed in the ordinary course of business; provided that: 

  

	 	(a)	the aggregate principal amount of Indebtedness secured by such Liens is otherwise permitted to be Incurred under this Indenture and does not exceed the cost of the assets or property so acquired or constructed; and

  

	 	(b)	such Liens are created within 180 days of the later of the acquisition, lease, completion of improvements, construction, repairs or additions or commencement of full operation of the assets or property subject to
such Lien and do not encumber any other assets or property of the Company or any Restricted Subsidiary other than such assets or property and assets affixed or appurtenant thereto; 

 

	 	(11)	Liens arising solely by virtue of any statutory or common law provisions relating to banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with a
depositary institution; provided that: 

  

	 	(a)	such deposit account is not a dedicated cash collateral account and is not subject to restrictions against access by the Company in excess of those set forth by regulations promulgated by the Federal Reserve Board; and

  

	 	(b)	such deposit account is not intended by the Company or any Restricted Subsidiary to provide collateral to the depository institution; 

 

	 	(12)	Liens arising from Uniform Commercial Code financing statement filings regarding operating leases entered into by the Company and its Restricted Subsidiaries in the ordinary course of business; 

 

	 	(13)	Liens existing on the Issue Date (other than Priority Liens); 

  

	 	(14)	Liens on property or Capital Stock of a Person at the time such Person becomes a Subsidiary; provided, however, that such Liens are not created or Incurred in connection with, or in contemplation of, such other Person
becoming a Subsidiary; provided further, however, that any such Lien may not extend to any other property owned by the Company or any Restricted Subsidiary (other than assets or property affixed or appurtenant thereto); 

 

	 	(15)	Liens on property at the time the Company or any of its Subsidiaries acquired the property, including any acquisition by means of a merger or consolidation with or into the Company or any of its Subsidiaries; provided,
however, that such Liens are not created or Incurred in connection with, or in contemplation of, such acquisition; provided further, however, that such Liens may not extend to any other property owned by the Company or any Restricted Subsidiary
(other than assets or property affixed or appurtenant thereto); 

  

	 	(16)	Liens securing Note Obligations in respect of Notes and Subsidiary Guarantees issued on the Issue Date; 

  

	 	(17)	Liens securing Refinancing Indebtedness Incurred to refinance Indebtedness that was previously so secured, provided that any such Lien is limited to all or part of the same property or assets (plus improvements,
accessions, proceeds or dividends or distributions in respect thereof) that secured (or, under the written arrangements under which the original Lien arose, could secure) the Indebtedness being refinanced or is in respect of property or assets that
is the security for a Permitted Lien hereunder; 

  

	 	(18)	Liens in respect of Production Payments and Reserve Sales, which Liens shall be limited to the property that is the subject of such Production Payments and Reserve Sales; 

 

	 	(19)	 Liens arising under farm-out agreements, farm-in agreements, division orders, contracts for the sale, purchase,
exchange, transportation, gathering or processing of Hydrocarbons, unitizations and pooling designations, declarations, orders and agreements, development agreements, joint venture agreements, partnership agreements, operating agreements, royalties,
working interests, net profits interests, joint 

  
 25 

	 	
interest billing arrangements, participation agreements, production sales contracts, area of mutual interest agreements, gas balancing or deferred production agreements, injection, repressuring
and recycling agreements, salt water or other disposal agreements, seismic or geophysical permits or agreements, and other agreements which are customary in the Oil and Gas Business; provided, however, in all instances that such Liens
are limited to the assets that are the subject of the relevant agreement, program, order or contract; 

  

	 	(20)	Liens on pipelines or pipeline facilities that arise by operation of law; 

  

	 	(21)	Liens in favor of the Company or any Subsidiary Guarantor; 

  

	 	(22)	deposits made in the ordinary course of business to secure liability to insurance carriers; 

  

	 	(23)	Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods in the ordinary course of business; 

 

	 	(24)	Liens deemed to exist in connection with Investments in repurchase agreements permitted by Section 1111; provided that such Liens do not extend to any assets other than those that are the subject of such
repurchase agreement; 

  

	 	(25)	Liens encumbering reasonable customary initial deposits and margin deposits and similar Liens attaching to commodity trading accounts or other brokerage accounts incurred in the ordinary course of business and not for
speculative purposes; 

  

	 	(26)	any (a) interest or title of a lessor or sublessor under any lease, Liens reserved in oil, gas or other Hydrocarbons, minerals, leases for bonus, royalty or rental payments and for compliance with the terms of such
leases, (b) restriction or encumbrance that the interest or title of such lessor or sublessor may be subject to (including, without limitation, ground leases or other prior leases of the demised premises, mortgages, mechanics’ liens, tax
liens, and easements) or (c) subordination of the interest of the lessee or sublessee under such lease to any restrictions or encumbrance referred to in the preceding clause (b); 

 

	 	(27)	Liens upon specific items of inventory or other goods and proceeds of any Person securing such Person’s obligations in respect of bankers’ acceptances issued or created for the account of such Person to
facilitate the purchase, shipment or storage of such inventory or other goods; 

  

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

  

	 	(29)	Liens arising from the deposit of funds or securities in trust for the purpose of decreasing or defeasing Indebtedness so long as such deposit of funds or securities and such decreasing or defeasing of Indebtedness are
permitted by Section 1112; 

  

	 	(30)	Liens in favor of collecting or payer banks having a right of setoff, revocation, or charge back with respect to money or instruments of the Company or any Subsidiary of the Company on deposit with or in possession of
such bank; 

  

	 	(31)	Liens securing Indebtedness (other than Priority Lien Obligations) in an aggregate principal amount outstanding at any one time, added together with all other Indebtedness secured by Liens Incurred pursuant to this
clause (31), not to exceed the greater of $10.0 million and 1.0% of the Company’s Modified ACNTA, as determined on the date of Incurrence of such Indebtedness after giving pro forma effect to such Incurrence and the application of the proceeds
therefrom; 

  

	 	(32)	landlords’, carriers’, warehousemen’s, materialmen’s, repairmen’s, construction and mechanics’ Liens not yet subject to penalties for non-payment or which are being contested in good faith
by appropriate proceedings; provided that appropriate reserves, if any, required pursuant to GAAP have been made in respect thereof; 

  
 26 

	 	(33)	Liens on cash collateral to secure bonds and other arrangements in place for plugging and abandonment liabilities of the Company and its Restricted Subsidiaries; and 

 

	 	(34)	Liens securing Junior Lien Debt under Credit Facilities permitted to be Incurred under the first paragraph of Section 1111 or clauses (1), (2), (4) or (8) of the second paragraph thereof.

 In each case set forth above, notwithstanding any stated limitation on the assets that may be subject to such Lien, a
Permitted Lien on a specified asset or group or type of assets may include Liens on all improvements, additions and accessions thereto and all products and proceeds thereof (including dividends, distributions and increases in respect thereof). 

“Permitted Prior Liens” means Liens described in clauses (2), (3), (4), (5), (6), (9), (10), (11), (14), (15), (19) (to
the extent arising in the ordinary course of business), (20), (22) (23), (25), (26), (29), (30), (32) and (33) (in respect of the refinancing of any other Permitted Prior Lien) of the definition of “Permitted Liens” that, by
operation of law or, in the case of Liens described in clauses (19) and (33), otherwise, have priority over the Liens securing the Note Obligations. 

“Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust,
unincorporated organization, limited liability company, government or any agency or political subdivision thereof or any other entity. 

“Place of Payment”, when used with respect to the Notes, means the place or places where the principal of and any premium and
interest on the Notes are payable as specified in Section 1102. 
 “Predecessor Note” of any particular Note means
every previous Note evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the purposes of this definition, any Note authenticated and delivered under Section 406 in exchange for or in lieu of a
mutilated, destroyed, lost or stolen Note shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Note. 

“Preferred Stock”, as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however
designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.

 “Priority Lien” means a Lien granted by the Company or any Subsidiary Guarantor in favor of the Priority Lien Agent, at
any time, upon any Property of the Company or any Subsidiary Guarantor to secure Priority Lien Obligations. 
 “Priority Lien
Agent” means (1) the Credit Agreement Agent (or other Person designated by the Credit Agreement Agent), or (2) in the case of any Refinancing Credit Facility, the trustee, agent or other representative of lenders or holders of
Priority Lien Debt who maintains the transfer register for such Priority Lien Debt and is appointed as a representative of the Priority Lien Debt (for purposes related to the administration of the security documents related to such Priority Lien
Debt) pursuant to the agreements governing such Priority Lien Debt. 
 “Priority Lien Debt” means Indebtedness of the
Company and the Subsidiary Guarantors under the Senior Secured Credit Agreement (including letters of credit (with outstanding letters of credit being deemed to have a principal amount equal to the stated amount thereof) and reimbursement
obligations with respect thereto) or any Refinancing Credit Facility, in each case, that is subject to the Intercreditor Agreement and permitted to be Incurred under clause (1) of Section 1111 and secured under each applicable Secured Debt
Document; provided, in the case of Indebtedness under any Refinancing Credit Facility, that: 
  

	 	(a)	on or before the date on which such Indebtedness is Incurred under such Refinancing Credit Facility by the Company and the Subsidiary Guarantors, such Indebtedness is designated by the Company, in an Officers’
Certificate delivered to the Priority Lien Agent and the Collateral Agent, as “Priority Lien Debt” for the purposes of the Secured Debt Documents; provided that if such Indebtedness is designated as “Priority Lien Debt,”
it cannot also be designated as Junior Lien Debt (other than in the case of “Excess First Lien Obligations,” as defined in the Intercreditor Agreement) or secured on a pari passu basis with the Liens securing the Note Obligations
(or any combination of the three); 

  
 27 

	 	(b)	the collateral agent or other representative with respect to such Indebtedness, the Priority Lien Agent, the Collateral Agent, the Company and each applicable Subsidiary Guarantor have duly executed and delivered the
Intercreditor Agreement (or a joinder to the Intercreditor Agreement or a new Intercreditor Agreement substantially similar to the Intercreditor Agreement, as in effect on the Issue Date, and in a form reasonably acceptable to each of the parties
thereto); and 

  

	 	(d)	such Indebtedness (other than any DIP Financing (as defined in the Intercreditor Agreement) that is permitted by the Intercreditor Agreement) is pari passu in lien priority with other Priority Lien Debt. Any such
Indebtedness (other than any such DIP Financing) that is not consistent with the foregoing requirement for pari passu treatment in lien priority shall not constitute Priority Lien Debt. 

“Priority Lien Documents” means the Senior Secured Credit Agreement, any Refinancing Credit Facility and any other Credit
Facility pursuant to which any Priority Lien Debt is Incurred and the documents pursuant to which Priority Lien Obligations are granted. 

“Priority Lien Obligations” means the Priority Lien Debt and all other Obligations in respect of Priority Lien Debt, Hedging
Obligations and Bank Product Obligations, in each case, to the extent such Obligations are secured by a Priority Lien under the terms of each applicable Priority Lien Document. 

“Priority Lien Secured Parties” means, at any time, the Priority Lien Agent, each lender or issuing bank under the Senior
Secured Credit Agreement or Refinancing Credit Facility, each holder, provider or obligee of any Hedging Obligations and Bank Product Obligations that is a lender or an Affiliate of a lender under the Senior Secured Credit Agreement or Refinancing
Credit Facility at the time of entry into the applicable arrangements or is otherwise allowed to be secured under the Senior Secured Credit Agreement or Refinancing Credit Facility (as defined herein or in the Senior Secured Credit Agreement)
thereof and that is a secured party (or a party entitled to the benefits of the security) under any Priority Lien Document, the beneficiaries of each indemnification obligation undertaken by the Company or any Subsidiary Guarantor under any Priority
Lien Document, each other Person that provides letters of credit, Guarantees or other credit support related thereto under any Priority Lien Document and each other holder of, or obligee in respect of, any Priority Lien Obligations, in each case to
the extent designated as, or otherwise entitled to be, a secured party (or a party entitled to the benefits of the security) under any Priority Lien Document outstanding at such time. 

“Production Payments and Reserve Sales” means the grant or transfer by the Company or a Restricted Subsidiary to any Person
of a royalty, overriding royalty, net profits interest, production payment (whether volumetric or dollar denominated), partnership or other interest in Oil and Gas Properties, reserves or the right to receive all or a portion of the production or
the proceeds from the sale of production attributable to such properties where the holder of such interest has recourse solely to such production or proceeds of production, subject to the obligation of the grantor or transferor to operate and
maintain, or cause the subject interests to be operated and maintained, in a reasonably prudent manner or other customary standard or subject to the obligation of the grantor or transferor to indemnify for environmental, title or other matters
customary in the Oil and Gas Business, including any such grants or transfers pursuant to incentive compensation programs on terms that are reasonably customary in the Oil and Gas Business for geologists, geophysicists or other providers of
technical services to the Company or a Restricted Subsidiary. 
 “Property” means any interest in any kind of property or
asset, whether real, personal or mixed, or tangible or intangible, including, without limitation, cash, securities, accounts and contract rights. 

“Proved Reserves” has the meaning assigned to such term under Rule 4-10(22) of Regulation S-X. 

“Rating Agency” means each of S&P and Moody’s, or if S&P or Moody’s or both shall not make a rating on the
Notes publicly available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Company shall be substituted for S&P or Moody’s, or both, as the case may be. 

“Real Property” shall mean, collectively, all right, title and interest of the Company or any Subsidiary Guarantor (including
any leasehold or mineral estate) in and to any and all parcels of real property owned or operated by the Company or any Subsidiary Guarantor, whether by lease, license or other use agreement, including but not limited to, coal leases and surface use
agreements, together with, in each case, all improvements and appurtenant fixtures (including all conveyors, preparation plants or other coal processing facilities, silos, shops and load out and other transportation facilities), easements and other
property and rights incidental to the ownership, lease or operation thereof, including but not limited to, access rights, water rights and extraction rights for minerals. 

  
 28 

 “Redemption Date”, when used with respect to any Note to be redeemed, means the
date fixed for such redemption by or pursuant to this Indenture. 
 “Redemption Price”, when used with respect to any Note
to be redeemed, means the price at which it is to be redeemed pursuant to this Indenture. 
 “Refinancing Credit Facility”
means any Credit Facility that refunds, refinances or replaces the Senior Secured Credit Agreement or any other Refinancing Credit Facility, in each case, in whole and with all commitments thereunder terminated, or, to the extent permitted by the
terms of the Senior Secured Credit Agreement or such Refinancing Credit Facility so refunded, refinanced or replaced, in part. 

“Refinancing Indebtedness” means Indebtedness that is Incurred to refund, refinance, replace, exchange, renew, repay, extend,
prepay, redeem or retire (including pursuant to any defeasance or discharge mechanism) (collectively, “refinance” and “refinances” and “refinanced” shall have correlative meanings) any Indebtedness (including
Indebtedness of the Company that refinances Indebtedness of any Restricted Subsidiary and Indebtedness of any Restricted Subsidiary that refinances Indebtedness of another Restricted Subsidiary, but excluding Indebtedness of a Subsidiary that is not
a Restricted Subsidiary that refinances Indebtedness of the Company or a Restricted Subsidiary), including Indebtedness that refinances Refinancing Indebtedness, provided, however, that: 

 

	 	(1)	(a) if the Stated Maturity of the Indebtedness being Refinanced is earlier than the Stated Maturity of the Notes, the Refinancing Indebtedness has a Stated Maturity no earlier than the Stated Maturity of the
Indebtedness being refinanced or (b) if the Stated Maturity of the Indebtedness being refinanced is later than the Stated Maturity of the Notes, the Refinancing Indebtedness has a Stated Maturity at least 91 days later than the Stated
Maturity of the Notes; 

  

	 	(2)	the Refinancing Indebtedness has an Average Life at the time such Refinancing Indebtedness is Incurred that is (a) equal to or greater than the Average Life of the Indebtedness being refinanced or (b) at least
91 days later than the Stated Maturity of the Notes; 

  

	 	(3)	such Refinancing Indebtedness is Incurred in an aggregate principal amount (or if issued with original issue discount, an aggregate issue price) that is equal to or less than the sum of the aggregate principal amount
(or if issued with original issue discount, the aggregate accreted value) then outstanding of the Indebtedness being refinanced (plus, without duplication, any additional Indebtedness Incurred to pay interest, premiums or defeasance costs required
by the instruments governing such existing Indebtedness and fees and expenses Incurred in connection therewith); 

  

	 	(4)	if the Indebtedness being Refinanced is subordinated in right of payment to the Notes or the Subsidiary Guarantee, such Refinancing Indebtedness is subordinated in right of payment to the Notes or the Subsidiary
Guarantee on terms at least as favorable to the Holders as those contained in the documentation governing the Indebtedness being Refinanced; and 

  

	 	(5)	if the Indebtedness being Refinanced is Non-Recourse Purchase Money Indebtedness or Indebtedness that Refinanced Non-Recourse Purchase Money Indebtedness, such Refinancing Indebtedness satisfies clauses (a) and
(b) of the definition of “Non-Recourse Purchase Money Indebtedness.” 

 “Regular Record Date”
for the interest payable on any Interest Payment Date on the Notes means the date specified for that purpose as contemplated by Section 401. 

“Related Person” has the meaning specified in Section 1308. 

“Reporting Failure” means the failure of the Company to file with the SEC and make available or otherwise deliver to the
Trustee and each Holder of Notes, within the time periods specified in Section 804 (after giving effect to any grace period specified under Rule 12b-25 under the Exchange Act), the periodic reports, information, documents or other reports
which the Company may be required to file with the SEC pursuant to such provision. 
 “Responsible Officer,” when used with
respect to the Trustee, means any officer within the Corporate Trust Administration department of the Trustee (or any successor group of the Trustee) with direct responsibility for the 

  
 29 

 
administration of this Indenture and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity
with the particular subject and when used with respect to the Collateral Agent, means the officer in the Corporate Trust Office of the Collateral Agent having direct responsibility for administration of the Security Documents. 

“Restricted Investment” means any Investment other than a Permitted Investment. 

“Restricted Subsidiary” means any Subsidiary of the Company other than an Unrestricted Subsidiary. 

“S&P” means Standard & Poor’s Rating Services, a division of The McGraw-Hill Companies, Inc., or any
successor to the rating agency business thereof. 
 “Sale/Leaseback Transaction” means an arrangement relating to property
now owned or hereafter acquired whereby the Company or a Restricted Subsidiary transfers such property to a Person and the Company or a Restricted Subsidiary leases it from such Person. 

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

“Secured Debt Documents” means the Priority Lien Documents, the Note Documents and the Junior Lien Documents. 

“Secured Obligations” means the Priority Lien Obligations, Note Obligations and Junior Lien Obligations. 

“Securities Act” means the Securities Act of 1933 and any statute successor thereto, in each case as amended from time to
time. 
 “Security Agreement” means the security agreement to be dated as of the Issue Date among the Collateral Agent, the
Company and the Subsidiary Guarantors granting, among other things, a Lien on the Collateral subject to Permitted Liens, in each case in favor of the Collateral Agent for its benefit and for the benefit of the Trustee and the Holders, as amended,
modified, restated, supplemented or replaced from time to time in accordance with its terms. 
 “Security Documents” means
all security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, collateral agency agreements, control agreements or other grants or transfers for security executed and delivered by the Company or any Subsidiary
Guarantor creating (or purporting to create) a Lien upon Collateral in favor of the Collateral Agent, in each case, as amended, modified, renewed, restated or replaced, in whole or in part, from time to time, in accordance with its terms. 

“Security Document Order” has the meaning specified in Section 1308. 

“Security Register” and “Security Registrar” have the respective meanings specified in Section 405.

 “Senior Secured Credit Agreement” means the Fifth Amended and Restated Credit Agreement dated on or about the date
hereof among the Company, as Borrower, Bank of America, N.A., as Administrative Agent and Issuing Bank, and the lenders and other Persons parties thereto from time to time, including any guarantees, collateral documents, instruments and agreements
executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings or refinancings thereof (including by any Refinancing Credit Facility) and any indentures or credit facilities or
commercial paper facilities with banks or other institutional lenders or investors that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder. 

“Series of Junior Lien Debt” means each issue or series of Junior Lien Debt for which a single transfer register is
maintained. 
 “Significant Subsidiary” means any Restricted Subsidiary that would be a “Significant Subsidiary”
of the Company within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC, as in effect on the Issue Date. 

“Special Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to
Section 407. 
 “Stated Maturity” means, with respect to any security, the date specified in such security as the
fixed date on which the payment of principal of such security is due and payable, including pursuant to any mandatory redemption provision, but shall not include any contingent obligations to repay, redeem or repurchase any such principal prior to
the date originally scheduled for the payment thereof. 

  
 30 

 “Subordinated Obligation” means any Indebtedness of the Company or any of the
Subsidiary Guarantors (whether outstanding on the Issue Date or thereafter Incurred) which is expressly subordinate in right of payment to the Notes pursuant to a written agreement. 

“Subsidiary” of any Person means (a) any corporation, association or other business entity (other than a partnership,
joint venture, limited liability company or similar entity) of which more than 50% of the total ordinary voting power of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or
trustees thereof (or Persons performing similar functions) or (b) any partnership, joint venture, limited liability company or similar entity of which more than 50% of the capital accounts, distribution rights, total equity and voting interests
or general or limited partnership interests, as applicable, is, in the case of clauses (a) and (b), at the time owned or controlled, directly or indirectly, by (1) such Person, (2) such Person and one or more Subsidiaries of such
Person or (3) one or more Subsidiaries of such Person. Unless otherwise specified herein, each reference to a Subsidiary (other than in this definition) will refer to a Subsidiary of the Company. 

“Subsidiary Guarantee” means, individually, any Guarantee of payment of the Notes by a Subsidiary Guarantor pursuant to the
terms of this Indenture and any supplemental indenture thereto, and, collectively, all such Guarantees. 
 “Subsidiary
Guarantor” means any Subsidiary of the Company that is a guarantor of the Notes, including the Subsidiary party to this Indenture and any Person that is required after the Issue Date to Guarantee the Notes pursuant to Section 1117, in
each case until a successor replaces such Person pursuant to the applicable provisions of this Indenture and, thereafter, means such successor. 

“Treasury Management Arrangement” means any agreement or other arrangement governing the provision of treasury or cash
management services, including deposit accounts, overdraft, credit or debit card, funds transfer (including electronic funds transfer), automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox,
interstate depository network services, account reconciliation and reporting and trade finance services and other cash management services. 

“Treasury Rate” means, in respect of any redemption date, the yield to maturity at the time of computation of United States
Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) which has become publicly available at least two Business Days prior to such time (or, if such Statistical
Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the redemption date to May 31, 2020; provided, however, that if the period from the redemption date to May 31, 2020
is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly
average yields of United States Treasury securities for which such yields are given, except that if the period from the redemption date to May 31, 2020 is less than one year, the weekly average yield on actually traded United States Treasury
securities adjusted to a constant maturity of one year shall be used. The Company will (a) calculate the Treasury Rate as of the second Business Day preceding the applicable redemption date (or, in the case of any redemption in connection with
a legal or covenant defeasance of the Notes or a satisfaction and discharge of this Indenture, on the second Business Day preceding such event) and (b) prior to such redemption date (or such event, as applicable) file with the Trustee an
Officers’ Certificate setting forth the Applicable Premium and the Treasury Rate and showing the calculation of each in reasonable detail. 

“Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was
executed; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent required by any such amendment, the Trust Indenture Act of 1939 as so
amended. 
 “Trustee” means the Person named as the “Trustee” in the first paragraph of this instrument until a
successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean each successor Trustee. 

  
 31 

 “Unrestricted Subsidiary” means: 

 

	 	(1)	any Subsidiary of the Company that at the time of determination shall be designated an Unrestricted Subsidiary by the Board of Directors of the Company in the manner provided below; and 

 

	 	(2)	any Subsidiary of an Unrestricted Subsidiary. 

 The Board of Directors of the Company may
designate any Subsidiary of the Company (including any newly acquired or newly formed Subsidiary or a Person becoming a Subsidiary through merger or consolidation or Investment therein) to be an Unrestricted Subsidiary only if: 

 

	 	(1)	such Subsidiary or any of its Subsidiaries does not own any Capital Stock or Indebtedness of or has any Investment in, or owns or holds any Lien on any property of, any other Subsidiary of the Company which is not a
Subsidiary of the Subsidiary to be so designated or otherwise an Unrestricted Subsidiary; 

  

	 	(2)	all the Indebtedness of such Subsidiary and its Subsidiaries shall, at the date of designation, and will at all times thereafter, consist of Non-Recourse Debt; 

 

	 	(3)	on the date of such designation, such designation and the Investment of the Company or a Restricted Subsidiary in such Subsidiary complies with Section 1112; 

 

	 	(4)	such Subsidiary is a Person with respect to which neither the Company nor any of its Restricted Subsidiaries has any direct or indirect obligation: 

 

	 	(a)	to subscribe for additional Capital Stock of such Person; or 

  

	 	(b)	to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified levels of operating results; and 

 

	 	(5)	on the date such Subsidiary is designated an Unrestricted Subsidiary, such Subsidiary is not a party to any agreement, contract, arrangement or understanding with the Company or any Restricted Subsidiary with terms
substantially less favorable to the Company or such Restricted Subsidiary than those that might have been obtained from Persons who are not Affiliates of the Company. 

Any such designation by the Board of Directors of the Company shall be evidenced to the Trustee by filing with the Trustee a Board Resolution
of the Company giving effect to such designation and an Officers’ Certificate certifying that such designation complies with the foregoing conditions. If, at any time, any Unrestricted Subsidiary would fail to meet the foregoing requirements as
an Unrestricted Subsidiary, it shall thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture and any Indebtedness of such Subsidiary shall be deemed to be Incurred as of such date. 

The Board of Directors of the Company may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that
immediately after giving effect to such designation, no Default or Event of Default shall have occurred and be continuing or would occur as a consequence thereof and the Company could Incur at least $1.00 of additional Indebtedness under the first
paragraph of Section 1111 on a pro forma basis taking into account such designation. 
 “U.S. Government Obligations”
means securities that are (a) direct obligations of the United States of America for the timely payment of 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 timely payment of which is unconditionally guaranteed as a full faith and credit obligation of the United States of America, which, in either case, are not callable or redeemable at the option of
the issuer thereof, and shall also include a depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such U.S. Government Obligations or a specific payment of principal of or
interest on any such U.S. Government Obligations held by such custodian for the account of the holder of such depositary receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount
payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligations or the specific payment of principal of or interest on the U.S. Government Obligations evidenced by such
depositary receipt. 
 “Vice President”, when used with respect to the Company or the Trustee, means any vice president,
whether or not designated by a number or a word or words added before or after the title “vice president.” 

  
 32 

 “Volumetric Production Payments” means production payment obligations recorded
as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith. 
 “Voting
Stock” of an entity means all classes of Capital Stock of such entity then outstanding and normally entitled to vote in the election of members of such entity’s Board of Directors. 

“Wholly-Owned Subsidiary” means a Restricted Subsidiary, all of the Capital Stock of which (other than directors’
qualifying shares) is owned by the Company or another Wholly-Owned Subsidiary. 
 Section 202. Compliance Certificates and Opinions. 

Upon any application or request by the Company to the Trustee to take or refrain from taking any action under any provision of this Indenture,
the Company shall furnish to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent relating to the proposed action have been satisfied. Each such certificate or opinion shall comply with the
requirements of the Trust Indenture Act and any other requirements set forth in this Indenture. 
 Every certificate or opinion with respect
to compliance with a condition or covenant provided for in this Indenture shall include, 
  

	 	(1)	a statement that each individual signing such certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 

 

	 	(2)	a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

 

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

  

	 	(4)	a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 

Section 203. Form of Documents Delivered to Trustee. 

In any case where several matters are required to be certified by, or covered by an opinion of, any specified person, it is not necessary that
all such matters be certified by, or covered by the opinion of, only one such person, or that they be so certified or covered by only one document, but one such person may certify or give an opinion with respect to some matters and one or more other
such persons as to other matters, and any such person may certify or give an opinion as to such matters in one or several documents. 
 Any
certificate or opinion of an Officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such Officer knows, or in the exercise of reasonable care should know,
that the certificate or opinion or representations with respect to the matters upon which his certificate or opinion is based are erroneous. Any such certificate or opinion of counsel may be based, insofar as it relates to factual matters, upon a
certificate or opinion of, or representations by, an Officer or Officers of the Company stating that the information with respect to such factual matters is in the possession of the Company, unless such counsel knows, or in the exercise of
reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. 
 Where any
Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 

Section 204. Acts of Holders; Record Dates. 

Any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given,
made or taken by Holders of the Notes may be embodied in and evidenced by one or more instruments of substantially similar tenor signed (either physically or by means of a facsimile or an electronic transmission, provided that such electronic
transmission is transmitted through the facilities of a Depositary) by such Holders in person or by agent duly appointed in writing; and, except as herein otherwise 

  
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expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company or the
Subsidiary Guarantors. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any
such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Company and, if applicable, the Subsidiary Guarantors, if made in the manner provided in
this Section 204. 
 The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit
of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof.
Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any such instrument or writing,
or the authority of the Person executing the same, may also be proved in any other manner which the Trustee deems sufficient. 
 The
ownership, principal amount and serial numbers of Notes held by any Person, and the date of commencement of such Person’s holding of same, shall be proved by the Security Register. 

Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Note shall bind every future Holder
of Notes and the Holder of every Note issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company or, if applicable, the
Subsidiary Guarantors in reliance thereon, whether or not notation of such action is made upon such Note. 
 The Company may set any day as
a record date for the purpose of determining the Holders of Outstanding Notes entitled to give, make or take any request, demand, authorization, direction, notice, consent, waiver or other Act provided or permitted by this Indenture to be given,
made or taken by Holders of Notes, provided that the Company may not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving or making of any notice, declaration, request or direction referred
to in the next paragraph. If any record date is set pursuant to this paragraph, the Holders of Outstanding Notes on such record date, and no other Holders, shall be entitled to take the relevant action, whether or not such Holders remain Holders
after such record date; provided that no such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Notes on such record date. Nothing in
this paragraph shall be construed to prevent the Company from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with
no action by any Person be cancelled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Notes on the date such action is taken.
Promptly after any record date is set pursuant to this paragraph, the Company, at its own expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Trustee in writing and to
each Holder of Notes in the manner set forth in Section 206. 
 The Trustee may set any day as a record date for the purpose of
determining the Holders of Notes entitled to join in the giving or making of (i) any Notice of Default, (ii) any declaration of acceleration referred to in Section 602, (iii) any request to institute proceedings referred to in
Section 607(2) or (iv) any direction referred to in Section 612. If any record date is set pursuant to this paragraph, the Holders of Outstanding Notes on such record date, and no other Holders, shall be entitled to join in such
notice, declaration, request or direction, whether or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of
the requisite principal amount of Outstanding Notes on such record date. Nothing in this paragraph shall be construed to prevent the Trustee from setting a new record date for any action for which a record date has previously been set pursuant to
this paragraph (whereupon the record date previously set shall automatically and with no action by any Person be cancelled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the
requisite principal amount of Outstanding Notes on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the Trustee, at the Company’s expense, shall cause notice of such record date, the proposed
action by Holders and the applicable Expiration Date to be given to the Company in writing and to each Holder of Notes in the manner set forth in Section 206. 

  
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 With respect to any record date set pursuant to this Section 204, the party hereto which
sets such record date may designate any day as the “Expiration Date” and from time to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective unless notice of the proposed new
Expiration Date is given to each other party hereto in writing, and to each Holder of Notes in the manner set forth in Section 206, on or prior to the existing Expiration Date. If an Expiration Date is not designated with respect to any record
date set pursuant to this Section 204, the party hereto which set such record date shall be deemed to have initially designated the 180th day after such record date as the Expiration Date with respect thereto, subject to its right to change the
Expiration Date as provided in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be later than the 180th day after the applicable record date. 

Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder with regard to the Notes may do so with regard to all
or any part of the principal amount of such Note or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of such principal amount. 

Section 205. Notices, Etc., to Trustee and Company. 

Any request, demand, authorization, direction, notice, consent, waiver or other Act of Holders or other document provided or permitted by this
Indenture to be made upon, given or furnished to, or filed with, 
  

	 	(1)	the Trustee by any Holder or by the Company or by any Subsidiary Guarantor shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing in the English language to or with the Trustee at
its Corporate Trust Office, Attention: Corporate Trust Administration, re: Stone Energy Corporation or 

  

	 	(2)	the Company or the Subsidiary Guarantors by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing in the English language and mailed,
first-class postage prepaid, addressed to the Company at the address of its principal office specified in the first paragraph of this instrument or at any other address previously furnished in writing to the Trustee by the Company or the Subsidiary
Guarantors. 

 The Trustee is authorized to accept and act upon instructions, directions, reports, notices and other
communications or information pursuant to this Indenture sent by unsecured electronic transmissions (including email and .pdf attachments); provided that (i) the Trustee shall not have any duty or obligation to verify or confirm that the Person
sending instructions, directions, reports, notices or other communications or information by electronic transmission is, in fact, a Person authorized to give such instructions, directions, reports, notices or other communications or information on
behalf of the party purporting to send such electronic transmission; and the Trustee shall not have any liability for any losses, liabilities, costs or expenses incurred or sustained by any party as a result of such reliance upon or compliance with
such instructions, directions, reports, notices or other communications or information and (ii) each other party agrees to assume all risks arising out of the use of electronic methods to submit instructions, directions, reports, notices or
other communications or information to the Trustee, including the risk of the Trustee acting on unauthorized instructions, notices, reports or other communications or information, and the risk of interception and misuse by third parties. 

Section 206. Notice to Holders; Waiver. 

Where this Indenture provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly
provided) if in writing in the English language and mailed, first-class postage prepaid, to each Holder affected by such event, at his address as it appears in the Security Register, not later than the latest date (if any), and not earlier than the
earliest date (if any), prescribed for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the
sufficiency of such notice with respect to other Holders. If notice is mailed to Holders in the manner provided in this Section 206, it is duly given, whether or not the addressee receives it. Where this Indenture provides for notice in any
manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but
such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 

  
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 In case by reason of the suspension of regular mail service or by reason of any other cause it
shall be impracticable to give such notice by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 

Section 207. Conflict with Trust Indenture Act. 

If any provision hereof limits, qualifies or conflicts with a provision of the Trust Indenture Act which is required under the Trust Indenture
Act to be a part of and govern this Indenture, the latter provision shall control. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act which may be so modified or excluded, the latter provision shall be
deemed to apply to this Indenture as so modified or to be excluded, as the case may be. 
 Section 208. Effect of Headings and Table of Contents.

 The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction
hereof. 
 Section 209. Successors and Assigns. 

All covenants and agreements in this Indenture by the Company, the Subsidiary Guarantors or the Trustee shall bind their respective successors
and assigns, whether so expressed or not. 
 Section 210. Separability Clause. 

In case any provision in this Indenture or the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforce ability of
the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 211. Benefits of Indenture. 

Nothing in this Indenture or the Notes, express or implied, shall give to any Person, other than the parties hereto and their successors
hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture. 
 Section 212. Governing Law.

 This Indenture, the Notes and the Subsidiary Guarantees shall be governed by and construed in accordance with the laws of the State of
New York. 
 Section 213. Legal Holidays. 

In any case where any Interest Payment Date, Redemption Date, purchase date or Stated Maturity of any Note shall not be a Business Day at any
Place of Payment, then (notwithstanding any other provision of this Indenture or of the Notes (other than a provision of any Note which specifically states that such provision shall apply in lieu of this Section 213)) payment of interest or
principal (and premium, if any) need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date, Redemption
Date or purchase date, or at the Stated Maturity. 
 Section 214. No Personal Liability of Directors, Officers, Employees and Stockholders. 

No director, officer, employee, incorporator, stockholder, member, partner or trustee of the Company or any Subsidiary Guarantor, as such,
shall have any liability for any obligations of the Company or any Subsidiary Guarantor under the Notes, this Indenture or the Subsidiary Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each
Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

  
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 Section 215. No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or its Subsidiaries or of any other
Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 
 Section 216. U.S.A. Patriot Act. 

The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial institutions
and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The
parties to this Indenture agree that they will provide the Trustee with such information within their possession or control as it may reasonably request in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act. 

Section 217. Counterpart Originals. 

The parties may sign any number of copies of this Indenture, and each party hereto may sign any number of separate copies of this Indenture.
Each signed copy shall be an original, but all of them together represent the same agreement. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this
Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

Section 218. WAIVER OF JURY TRIAL. 

EACH OF THE COMPANY, THE SUBSIDIARY GUARANTORS, THE HOLDERS AND THE TRUSTEE IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE BASE INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

Section 219. Force Majeure. 
 In no
event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work
stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it
being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

Section 220. FATCA 
 In order to comply with
applicable tax laws, rules and regulations (including Section 1471 through 1474 of the US Internal Revenue Code of 1986, as amended, and directives, guidelines and interpretations promulgated by competent authorities) in effect from time to
time (“Applicable Law”) related to this transaction to which a foreign financial institution, issuer, trustee, paying agent, holder or other institution is subject, the Company agrees (i) to provide to the Trustee information about
the transaction parties and/or transaction (including any modification to the terms of such transactions) to the extent required in the good faith judgment of the Company to determine whether the Trustee has tax related obligations under Applicable
Law, and (ii) that the Trustee shall be entitled to make any withholding or deduction from payments hereunder to the extent necessary to comply with Applicable Law. The obligations imposed on the Company under this paragraph are limited to the
extent that the Company has the relevant information in its possession or control, or is reasonably obtainable by the Company, and that the provision of such information to the Trustee will not result in any breach of this Indenture, the Notes or
any applicable law. 

  
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 ARTICLE 3 

NOTE FORMS 
 Section 301. Forms
Generally. 
 The Notes and the Trustee’s certificate of authentication shall be in substantially the respective forms set forth in
Annex A hereto, and the notations of Subsidiary Guarantee shall be in substantially the form set forth in Annex B hereto. The Notes may have such appropriate insertions, omissions, substitutions and other variations as are required or permitted by
this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or Depositary therefor or as may, consistently
herewith, be determined by the officers executing such Notes as evidenced by their execution thereof. 
 The definitive Notes shall be
printed, lithographed or engraved on steel engraved borders or may be produced in any other manner, all as determined by the officers executing such Notes, as evidenced by their execution of such Notes. 

The Notes shall be issued initially in the form of a Global Note, which shall be deposited with the Trustee, as custodian for the Depositary.
The aggregate principal amount of any Global Note may from time to time be increased or decreased by adjustments made on the schedule attached to such Global Note or on other records of the Trustee, acting as custodian for the Depositary. 

Section 302. Form of Legend for Global Notes. 

Every Global Note authenticated and delivered under this Indenture shall bear a legend in substantially the following form: 

THIS NOTE IS A NOTE SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE
THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A NOTE REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A
NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY 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. 
 ARTICLE 4 

THE NOTES 
 Section 401. Title and
Terms. 
 The Notes shall be entitled the “7.500% Senior Secured Notes due 2022.” The Trustee shall authenticate the Notes to
be authenticated and delivered under this Indenture on the Issue Date in an aggregate amount equal to $225,000,000, upon delivery of a Company Order. 

The Notes will mature on May 31, 2022. Interest on the Notes will accrue at the rate of 7.500% per annum and will be payable
semiannually in cash on each May 31 and November 30, commencing on November 30, 2017 in the case of the Notes, to the Persons who are registered Holders of Notes at the close of business on the May 5 and

  
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November 5 immediately preceding the applicable Interest Payment Date. Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been
paid, from and including the date of issuance to but excluding the actual Interest Payment Date. 
 The Notes shall be redeemable as
provided in Article Twelve and subject to Defeasance and Covenant Defeasance as provided in Article Fourteen. The Notes shall have such other terms as are indicated in Annex A. 

Section 402. Denominations. 
 The
Notes shall be issuable only in fully registered form without coupons and only in denominations of $2,000 and any integral multiple of $1.00 in excess thereof. 

Section 403. Execution, Authentication, Delivery and Dating. 

The Notes shall be executed on behalf of the Company by its Chairman of the Board, its Vice Chairman of the Board, its President or one of its
Vice Presidents. The signature of any of these officers on the Notes may be manual or facsimile. 
 Notes bearing the manual or facsimile
signatures of individuals who were at any time the proper officers of the Company shall bind the Company, notwithstanding the fact that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such
Notes or did not hold such offices at the date of such Notes. 
 At any time and from time to time after the execution and delivery of this
Indenture and as provided in Section 401, the Company may deliver Notes executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Notes, and the Trustee in accordance
with the Company Order shall authenticate and deliver such Notes. 
 Each Note shall be dated the date of its authentication. 

No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a
certificate of authentication substantially in the form provided for in Annex A, signed manually in the name of the Trustee by an authorized signatory, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such
Note has been duly authenticated and delivered hereunder. Notwithstanding the foregoing, if any Note shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Note to the
Trustee for cancellation as provided in Section 409, for all purposes of this Indenture such Note shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 

Section 404. Temporary Securities. 

Pending the preparation of definitive Notes, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver,
temporary Notes which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Notes in lieu of which they are issued and with such appropriate
insertions, omissions, substitutions and other variations as the Officers executing such Notes may determine, as evidenced by their execution of such Notes. 

If temporary Notes are issued, the Company will cause definitive Notes to be prepared without unreasonable delay. After the preparation of
definitive Notes, the temporary Notes shall be exchangeable for definitive Notes upon surrender of the temporary Notes at the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for
cancellation of any one or more temporary Notes, the Company shall execute and, upon Company Order, the Trustee shall authenticate and deliver in exchange therefor one or more definitive Notes of any authorized denominations and of like tenor and
aggregate principal amount. Until so exchanged, the temporary Notes shall in all respects be entitled to the same benefits under this Indenture as definitive Notes. 

Section 405. Registration, Registration of Transfer and Exchange. 

The Company shall cause to be kept at the Corporate Trust Office of the Trustee a register (the register maintained in such office and in any
other office or agency of the Company being herein sometimes collectively 

  
 39 

 
referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Notes and of transfers of
Notes. The Trustee is hereby appointed “Security Registrar” for the purpose of registering Notes and transfers of Notes as herein provided. 

Upon surrender for registration of transfer of any Note at the office of the Security Registrar, Company shall execute and the Trustee shall
authenticate and deliver, in the name of the designated transferee or transferees, one or more new Notes, of any authorized denominations and of like tenor and aggregate principal amount. 

All Notes issued upon any registration of transfer or exchange of Notes shall be the valid obligations of the Company evidencing the same
debt, and entitled to the same benefits under this Indenture, as the Notes surrendered upon such registration of transfer or exchange. 

Every Note presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the Trustee) be duly
endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed, by the Holder thereof or its attorney duly authorized in writing. 

No service charge shall be made for any registration of transfer or exchange of Notes, but the Company or the Trustee may require payment of a
sum sufficient to cover any transfer tax or other governmental taxes and fees that may be imposed by law or this Indenture in connection with any registration of transfer or exchange of Notes, other than exchanges pursuant to Sections 404,
1006, 1110, 1115 or 1208 not involving any transfer. 
 If the Notes are to be redeemed in part, the Company shall not be required
(A) to register the transfer of or exchange any Notes during a period of 15 days before a selection of Notes for redemption under Section 1204, or (B) to register the transfer of or exchange any Note so selected for redemption in
whole or in part, except the unredeemed portion of any Note being redeemed in part. 
 The provisions of clauses (1), (2), (3) and
(4) below shall apply only to Global Notes: 
  

	 	(1)	Each Global Note authenticated under this Indenture shall be registered in the name of the Depositary designated for such Global Note or a nominee thereof and delivered to such Depositary or a nominee thereof or
custodian therefor, and each such Global Note shall constitute a single Note for all purposes of this Indenture. 

  

	 	(2)	Notwithstanding any other provision in this Indenture, no Global Note may be exchanged in whole or in part for Notes registered, and no transfer of a Global Note in whole or in part may be registered, in the name of any
Person other than the Depositary for such Global Note or a nominee thereof, unless (A) such Depositary (i) has notified the Company that it is no longer willing or able to discharge its responsibilities properly as Depositary for such
Global Note or (ii) has ceased to be a clearing agency registered under the Exchange Act, and in either case the Company has not appointed a qualified successor within 90 days, (B) an Event of Default has occurred and is continuing
and the Depositary has notified the Company and the Trustee of its desire to exchange such Global Note for Notes in certificated form or (C) subject to the Depositary’s rules, the Company, at its option, has elected to terminate the
book-entry system through the Depositary. 

  

	 	(3)	Subject to clause (2) above, any exchange of a Global Note for other Notes may be made in whole or in part, and all Notes issued in exchange for a Global Note or any portion thereof shall be registered in such
names as the Depositary for such Global Note shall direct. 

  

	 	(4)	Every Note authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a Global Note or any portion thereof, whether pursuant to this Sections 405, 404, 406, 1006, 1110, 1115 or 1207
or otherwise, shall be authenticated and delivered in the form of, and shall be, a Global Note, unless such Note is registered in the name of a Person other than the Depositary for such Global Note or a nominee thereof. 

The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under
this Indenture or under applicable federal or state law with respect to any transfer of any interest in any Security (including any transfers between or among Depositary participants or beneficial owners of interests in any Global Note) other than
to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to
form with the express requirements hereof. 

  
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 Section 406. Mutilated, Destroyed, Lost and Stolen Notes. 

If any mutilated Note is surrendered to the Trustee, the Company shall execute and, if applicable, the Subsidiary Guarantors shall execute the
notation of Subsidiary Guarantee endorsed thereon, and, upon Company Order, the Trustee shall authenticate and deliver in exchange therefor a new Note of like tenor and principal amount and bearing a number not contemporaneously outstanding. 

If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any
Note and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that such Note has been acquired by a protected
purchaser, the Company shall execute and, if applicable, the Subsidiary Guarantors shall execute the notation of Subsidiary Guarantee endorsed thereon, and, upon Company Order, the Trustee shall authenticate and deliver, in lieu of any such
destroyed, lost or stolen Note, a new Note of like tenor and principal amount and bearing a number not contemporaneously outstanding. 
 In
case any such mutilated, destroyed, lost or stolen Note has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Note, pay such Note. 

Upon the issuance of any new Note under this Section 406, the Company may require the payment of a sum sufficient to cover any tax or
other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

Every new Note issued pursuant to this Section 406 in lieu of any destroyed, lost or stolen Note, and, if applicable, the notation of
Subsidiary Guarantee endorsed thereon, shall constitute an original additional contractual obligation of the Company and, if applicable, the respective Subsidiary Guarantors, whether or not the destroyed, lost or stolen Note shall be at any time
enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Notes duly issued hereunder. 

The provisions of this Section 406 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to
the replacement or payment of mutilated, destroyed, lost or stolen Notes. 
 Section 407. Payment of Interest; Interest Rights Preserved. 

Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in
whose name that Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest. 

Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called
“Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as
provided in clause (1) or (2) below: 
  

	 	(1)	 The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Notes (or their
respective Predecessor Notes) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of
Defaulted Interest proposed to be paid on each Note and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such
Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as
in this clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less
than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the
proposed payment of such Defaulted Interest and the Special Record Date therefor to be given to each Holder of Notes in the manner set forth in Section 206, not 

  
 41 

	 	
less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted
Interest shall be paid to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following clause (2).

  

	 	(2)	The Company may make payment of any Defaulted Interest on the Notes in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Notes may be listed, and upon such notice as
may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee. 

Subject to the foregoing provisions of this Section 407, each Note delivered under this Indenture upon registration of transfer of or in
exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Note. 

Section 408. Persons Deemed Owners. 

Prior to due presentment of a Note for registration of transfer, the Company, the Subsidiary Guarantors, the Trustee and any agent of the
Company or the Trustee may treat the Person in whose name such Note is registered as the owner of such Note for the purpose of receiving payment of principal of and any premium and (subject to Section 407) any interest on such Note and for all
other purposes whatsoever, whether or not such Note be overdue, and none of the Company, the Subsidiary Guarantors, the Trustee nor any of their respective agents shall be affected by notice to the contrary. 

None of the Company, the Subsidiary Guarantors, the Trustee, nor any of their respective agents will have any responsibility or liability for
any aspect of the records relating to, or payments made on account of, beneficial ownership interests of a Note or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests, or for maintaining, supervising
or reviewing any Depositary records relating to such beneficial ownership interests, or for transfers of beneficial interests in the Notes or any transactions between the Depositary and beneficial owners. 

Section 409. Cancellation. 
 All
Notes surrendered for payment, redemption, purchase, registration of transfer or exchange shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be promptly cancelled by it. The Company may at any time
deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for
cancellation any Notes previously authenticated hereunder which the Company has not issued and sold, and all Notes so delivered shall be promptly cancelled by the Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes
cancelled as provided in this Section 409, except as expressly permitted by this Indenture. All cancelled Notes held by the Trustee shall be disposed of in accordance with the Trustee’s standard provisions or as directed by a Company
Order. 
 Section 410. Computation of Interest. 

Interest on the Notes shall be computed on the basis of a 360-day year of twelve 30-day months. 

Section 411. CUSIP Numbers. 
 The
Company in issuing the Notes may use “CUSIP” numbers (if then generally in use), and, if they do so, the Trustee shall use “CUSIP” numbers in notices of redemption or exchange as a convenience to Holders; provided that any
such notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice of a redemption or exchange and that reliance may be placed only on the other identification
numbers printed on the Notes, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee in writing of any change in the “CUSIP” numbers. 

  
 42 

 ARTICLE 5 

SATISFACTION AND DISCHARGE 

Section 501. Satisfaction and Discharge of Indenture. 

This Indenture shall upon Company Request cease to be of further effect as to all Notes issued hereunder (and the Company’s and each
Subsidiary Guarantor’s obligations under the other Note Documents will terminate and the Liens on the Collateral will be released, as provided in Section 1305), and the Trustee, at the expense of the Company, shall execute proper
instruments acknowledging satisfaction and discharge of this Indenture, when 
  

	 	(1)	either 

  

	 	(A)	all Notes theretofore authenticated and delivered (other than (i) Notes which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 406 and (ii) Notes for whose
payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 1103), have been delivered to the Trustee for
cancellation; or 

  

	 	(B)	all such Notes not theretofore delivered to the Trustee for cancellation 

  

	 	(i)	have become due and payable, or 

  

	 	(ii)	will become due and payable at their Stated Maturity within one year, or 

  

	 	(iii)	are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, 

 

	 	(C)	and the Company or any Subsidiary Guarantor in the case of (i), (ii) or (iii) of subclause (B) of clause (i) of this Section 501, has irrevocably deposited or caused to be irrevocably deposited
with the Trustee as trust funds in trust solely for such purpose cash in U.S. dollars, U.S. Government Obligations, or a combination thereof in such amounts as will be sufficient, without consideration of any reinvestment of interest, to pay and
discharge the entire indebtedness on such Notes not theretofore delivered to the Trustee for cancellation, for principal and any premium and interest to the date of such deposit (in the case of Notes which have become due and payable) or to the
Stated Maturity or Redemption Date, as the case may be; 

  

	 	(D)	the Company has paid or caused to be paid all other sums payable hereunder by the Company in respect of the Notes; and 

  

	 	(E)	the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this
Indenture in respect of the Notes have been complied with. 

 Notwithstanding the satisfaction and discharge of this Indenture
in respect of the Notes, the obligations of the Company to the Holders under Sections 405 and 406, the obligations of the Company to the Trustee under Section 707, the obligations of the Company to any Authenticating Agent under
Section 714 and, if cash or U.S. Government Obligations shall have been deposited with the Trustee pursuant to subclause (B) of clause (1) of this Section 501, the obligations of the Trustee under Section 502 and the last
paragraph of Section 1103 shall survive. 
 Section 502. Application of Trust Money. 

Subject to the provisions of the last paragraph of Section 1103, all cash and U.S. Government Obligations (including the proceeds thereof)
deposited with the Trustee pursuant to Section 501 shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Company
acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such cash and U.S. Government Obligations (including the proceeds thereof) have been
deposited with the Trustee. 

  
 43 

 ARTICLE 6 

REMEDIES 
 Section 601. Events of
Default. 
 An “Event of Default”, wherever used herein, means any one of the following events in relation to the Notes
(whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or
governmental body): 
  

	 	(1)	default in the payment of any interest upon any Note when it becomes due and payable, and continuance of such default for a period of 30 days; or 

 

	 	(2)	default in the payment of the principal of or any premium on any Note when due at its Stated Maturity, upon optional redemption, upon required repurchase, upon declaration of acceleration or otherwise; or

  

	 	(3)	failure by the Company or any Subsidiary Guarantor to comply with its obligations under Article Nine; or 

  

	 	(4)	failure by the Company to comply for 30 days (or 180 days in the case of a Reporting Failure) after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and
the Trustee by the Holders of at least 25% in principal amount of the Outstanding Notes a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder,
with any of its obligations under Sections 1110 through 1118 or Section 804 (in each case, other than a failure to purchase Notes which will constitute an Event of Default under clause (2) above and other than a failure to comply with
Article Nine which will constitute an Event of Default under clause (3) above); or 

  

	 	(5)	failure by the Company to comply with any agreement in the Note Documents (other than an agreement, a default in or failure to comply with is elsewhere in this Section 601 specifically dealt with) and continuance
of such default or breach for a period of 60 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding
Notes a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 

 

	 	(6)	default under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries
(or the payment of which is Guaranteed by the Company or any of its Restricted Subsidiaries), other than Indebtedness owed to the Company or a Restricted Subsidiary, whether such Indebtedness or Guarantee now exists, or is created after the Issue
Date, which default: 

  

	 	(a)	is caused by a failure to pay principal of, or interest or premium, if any, on such Indebtedness prior to the expiration of the grace period provided in such Indebtedness (and any extensions of any grace period)
(“payment default”); or 

  

	 	(b)	results in the acceleration of such Indebtedness prior to its Stated Maturity; 

 and, in each
case, the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under which there has been a payment default or the maturity of which has been so accelerated, aggregates $10.0 million or
more; or 
  

	 	(7)	 the entry by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of
the Company or a Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the last audited consolidated financial statements for the Company and its Restricted Subsidiaries) would constitute a Significant Subsidiary in
an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or (B) a decree or order adjudging the Company a bankrupt or insolvent, or approving as properly filed a
petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Company or a Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the last audited consolidated financial statements
for the Company and its Restricted Subsidiaries) would constitute a Significant Subsidiary, under any applicable Federal or State law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other

  
 44 

	 	
similar official of the Company or a Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the last audited consolidated financial statements for the Company and
its Restricted Subsidiaries) would constitute a Significant Subsidiary, or of any substantial part of its or their property, or ordering the winding up or liquidation of its or their affairs, and the continuance of any such decree or order for
relief or any such other decree or order unstayed and in effect for a period of 60 consecutive days; or 

  

	 	(8)	the commencement by the Company or a Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the last audited consolidated financial statements for the Company and its Restricted
Subsidiaries) would constitute a Significant Subsidiary of a voluntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated a
bankrupt or insolvent, or the consent by it or them to the entry of a decree or order for relief in respect of the Company or in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other
similar law or to the commencement of any bankruptcy or insolvency case or proceeding against it or them, or the filing by it or them of a petition or answer or consent seeking reorganization or relief under any applicable Federal or State law, or
the consent by it or them to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or a Significant Subsidiary or
group of Restricted Subsidiaries that, taken together (as of the last audited consolidated financial statements for the Company and its Restricted Subsidiaries) would constitute a Significant Subsidiary or of any substantial part of its or their
property, or the making by it or them of an assignment for the benefit of creditors, or the admission by it or them in writing of its or their inability to pay its or their debts generally as they become due, or the taking of corporate action by the
Company or a Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the last audited consolidated financial statements for the Company and its Restricted Subsidiaries) would constitute a Significant Subsidiary in
furtherance of any such action; or 

  

	 	(9)	failure by the Company or any Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the latest audited consolidated financial statements for the Company and its Restricted Subsidiaries),
would constitute a Significant Subsidiary to pay final judgments aggregating in excess of $10.0 million (to the extent not covered by insurance by a reputable and creditworthy insurer as to which the insurer has not disclaimed coverage), which
judgments are not paid or discharged, and there shall be any period of 60 consecutive days following entry of such final judgment or decree during which a stay of enforcement of such final judgment or decree, by reason of pending appeal or
otherwise, shall not be in effect; 

  

	 	(10)	any Subsidiary Guarantee of a Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the latest audited consolidated financial statements for the Company and its Restricted Subsidiaries)
would constitute a Significant Subsidiary, ceases to be in full force and effect (except as contemplated by the terms of this Indenture) or is declared null and void in a judicial proceeding or any Subsidiary Guarantor that is a Significant
Subsidiary or group of Subsidiary Guarantors that, taken together (as of the latest audited consolidated financial statements of the Company and its Restricted Subsidiaries) would constitute a Significant Subsidiary, denies or disaffirms its
obligations under this Indenture or its Subsidiary Guarantee; or 

  

	 	(11)	the occurrence of the following: 

  

	 	(a)	except as permitted by the Note Documents, any Note Document establishing the Liens securing the Note Obligations ceases for any reason to be fully enforceable; provided that it will not be an Event of Default
under this clause (11)(a) if the sole result of the failure of one or more Note Documents to be fully enforceable is that any such Lien purported to be granted under such Note Document on Collateral, individually or in the aggregate, having a
Fair Market Value of not more than $10.0 million, ceases to be an enforceable and perfected Lien; provided, further, that if such failure is susceptible to cure, no Event of Default shall arise with respect thereto
until 45 days after any officer of the Company or any of its Restricted Subsidiaries becomes aware of such failure, which failure has not been cured during such time period; 

 

	 	(b)	 except as permitted by the Note Documents, any Lien purported to be granted under any Note Document on
Collateral, individually or in the aggregate, having a Fair Market Value in excess of $10.0 million, ceases to be an enforceable and perfected second priority Lien, subject to the

  
 45 

	 	
Intercreditor Agreement and Permitted Prior Liens; provided, further, that if such failure is susceptible to cure (other than in the case of the initial mortgage filings (and the execution
of any related Security Documents) or any other filings required by Section 1310(b)), no Event of Default shall arise with respect thereto until 30 days after any officer of the Company or any of its Restricted Subsidiaries becomes
aware of such failure, which failure has not been cured during such time period, and 

  

	 	(c)	the Company or any other Grantor, or any Person acting on behalf of any of them, denies or disaffirms, in writing, any obligation of the Company or any other Grantor set forth in or arising under any Note Document
establishing Liens on Collateral (other than the obligations under any Note Document of any Subsidiary Guarantor that has been released of its obligations under such Note Document in accordance with the terms thereof). 

Section 602. Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default (other than an Event of Default specified in Section 601(7) or 601(8)) occurs and is continuing, then in every such
case the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Notes may, and the Trustee at the request of such Holders shall, declare the Notes to be due and payable immediately, by a notice in writing to the Company
(and to the Trustee if given by Holders), and upon any such declaration the principal of, premium, if any, and accrued and unpaid interest, if any, on all of the Outstanding Notes shall become immediately due and payable. If an Event of Default
specified in Section 601(7) or 601(8) occurs, the principal of, premium, if any, and accrued and unpaid interest, if any, on all of the Outstanding Notes shall automatically, and without any declaration or other action on the part of the
Trustee or any Holder, become immediately due and payable. 
 At any time after such a declaration of acceleration with respect to the Notes
has been made, the Holders of a majority in principal amount of the Outstanding Notes, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if 

 

	 	(a)	such rescission would not conflict with any judgment or decree of a court of competent jurisdiction; 

  

	 	(b)	the Company has paid or deposited with the Trustee a sum sufficient to pay 

  

	 	(A)	all overdue interest on all the Notes, 

  

	 	(B)	the principal of (and premium, if any, on) any Notes which have become due otherwise than by such declaration of acceleration and any interest thereon at the rate or rates prescribed therefor in such Notes,

  

	 	(C)	to the extent that payment of such interest is lawful, interest upon overdue interest at the rate prescribed therefor in such Notes, and 

 

	 	(D)	all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel; and 

 

	 	(c)	all Events of Default with respect to the Notes, other than the non-payment of the principal of, premium, if any, and interest on the Notes that have become due solely by such declaration of acceleration, have been
cured or waived as provided in Section 613. 

 Notwithstanding the foregoing, if an Event of Default specified in
Section 601(6) above has occurred and is continuing, such Event of Default and any consequential acceleration (to the extent not in violation of any applicable law or in conflict with any judgment or decree of a court of competent jurisdiction)
shall be automatically rescinded if (i) the Indebtedness that is the subject of such Event of Default has been repaid or (ii) if the default relating to such Indebtedness is waived by the holders of such Indebtedness or cured and if such
Indebtedness has been accelerated, then the holders thereof have rescinded their declaration of acceleration in respect of such Indebtedness, in each case within 20 days after the declaration of acceleration with respect thereto, and
(iii) any other existing Events of Default, except nonpayment of principal, premium, if any, or interest on the Notes that became due solely because of the acceleration of the Notes, have been cured or waived. 

No such rescission shall affect any subsequent default or impair any right consequent thereon. 

  
 46 

 Section 603. Collection of Indebtedness and Suits for Enforcement by Trustee. 

If an Event of Default occurs and is continuing, the Trustee, in its own name and as trustee of an express trust, shall be entitled and
empowered to institute any action or proceedings at law or in equity for the collection of the sums so due and unpaid or enforce the performance of any provision of the Notes or this Indenture, and may prosecute any such action or proceedings to
judgment or final decree, and may enforce any such judgment or final decree against the Subsidiary Guarantors or the Company or any other obligor upon the Notes (and collect in the manner provided by law out of the property of the Subsidiary
Guarantors or the Company or any other obligor upon the Notes wherever situated the moneys adjudged or decreed to be payable). 
 Section 604.
Trustee May File Proofs of Claim. 
 In case of any judicial proceeding relative to the Company, the Subsidiary Guarantors or any other
obligor upon the Notes, or the property or creditors of the Company or the Subsidiary Guarantors, the Trustee shall be entitled and empowered, by intervention in such proceeding or otherwise, to take any and all actions authorized under the Trust
Indenture Act in order to have claims of the Holders and the Trustee allowed in any such proceeding. In particular, the Trustee shall be authorized to collect and receive any moneys or other property payable or deliverable on any such claims and to
distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that
the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due
the Trustee under Section 707. 
 No provision of this Indenture shall be deemed to authorize the Trustee to authorize or consent to or
accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such
proceeding; provided, however, that the Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ or other similar committee. 

Section 605. Trustee May Enforce Claims Without Possession of Notes. 

All rights of action and claims under this Indenture or the Notes may be prosecuted and enforced by the Trustee without the possession of any
of the Notes or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the
payment of the compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Notes in respect of which such judgment has been recovered. 

Section 606. Application of Money Collected. 

Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee
and, in case of the distribution of such money on account of principal or any premium or interest, upon presentation of the Notes and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 

FIRST: To the payment of all amounts due the Trustee and Collateral Agent, their agents and counsel under Section 707; 

SECOND: To the payment of the amounts then due and unpaid for principal of and any premium and interest on the Notes, ratably, without
preference or priority of any kind, according to the amounts due and payable on such Notes for principal and any premium and interest, respectively; and 

THIRD: The remainder, if any, shall be paid to the Subsidiary Guarantors or the Company, as applicable, or to whomsoever may be lawfully
entitled to receive the same, or as a court of competent jurisdiction may direct. 

  
 47 

 Section 607. Limitation on Suits. 

No Holder shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a
receiver or trustee, or for any other remedy hereunder, unless: 
  

	 	(1)	such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Notes; 

  

	 	(2)	the Holders of not less than 25% in principal amount of the Outstanding Notes shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee
hereunder; 

  

	 	(3)	such Holder or Holders have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities to be incurred in compliance with such request; 

 

	 	(4)	the Trustee for 60 days after its receipt of such notice, request and offer of security or indemnity has failed to institute any such proceeding; and 

 

	 	(5)	the Holders of a majority in principal amount of the Outstanding Notes have not waived such Event of Default or otherwise given the Trustee a direction that, in the opinion of the Trustee, is inconsistent with such
request within such 60-day period; 

 it being understood and intended that no one or more of such Holders shall have any right in any manner
whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce
any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all of such Holders. 
 Section 608.
Unconditional Right of Holders to Receive Principal, Premium and Interest. 
 Notwithstanding any other provision in this Indenture, the
Holder of any Notes shall have the right, which is absolute and unconditional, to receive payment of the principal of and any premium and (subject to Section 407) interest on such Notes on the Stated Maturity expressed in such Notes (or, in the
case of redemption or offer by the Company to purchase the Notes pursuant to the terms of this Indenture, on the Redemption Date or purchase date, as applicable), and to institute suit for the enforcement of any such payment, and such rights shall
not be impaired without the consent of such Holder. 
 Section 609. Restoration of Rights and Remedies. 

If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been
discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, the Subsidiary Guarantors, the Trustee and the
Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 

Section 610. Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes in the last paragraph of
Section 406, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in
addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or
employment of any other appropriate right or remedy. 
 Section 611. Delay or Omission Not Waiver. 

No delay or omission of the Trustee or of any Holder to exercise any right or remedy accruing upon any Event of Default shall impair any such
right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed
expedient, by the Trustee or by the Holders, as the case may be. 

  
 48 

 Section 612. Control by Holders. 

Subject to Section 703(5), the Holders of a majority in principal amount of the Outstanding Notes shall have the right to direct the time,
method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Notes, provided that 

 

	 	(1)	the Trustee may refuse to follow any direction that conflicts with any rule of law or with this Indenture or that the Trustee determines is unduly prejudicial to the rights of any other Holder or would involve the
Trustee in personal liability, and 

  

	 	(2)	the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. 

Section 613. Waiver of Past Defaults. 

The Holders of not less than a majority in principal amount of the Outstanding Notes may on behalf of the Holders of all the Notes waive any
past default hereunder and its consequences or compliance with any covenant or provision hereof, except a default 
  

	 	(1)	in the payment of the principal of or any premium or interest on the Notes (including any Note which is required to have been purchased by the Company pursuant to an offer to purchase by the Company made pursuant to the
terms of this Indenture), or 

  

	 	(2)	in respect of a covenant or provision hereof which under Article Ten cannot be modified or amended without the consent of the Holder of each Outstanding Note affected. 

Upon any such waiver with respect to a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be
deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

Section 614. Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered
or omitted by it as Trustee, a court may require any party litigant in such suit to file an undertaking to pay the costs of such suit, and may assess costs against any such party litigant, in the manner and to the extent provided in the Trust
Indenture Act; provided that neither this Section 614 nor the Trust Indenture Act shall be deemed to authorize any court to require such an undertaking or to make such an assessment in any suit instituted by the Company or the Trustee.

 Section 615. Waiver of Usury, Stay or Extension Laws. 

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

  
 49 

 ARTICLE 7 

THE TRUSTEE 
 Section 701. Certain
Duties and Responsibilities. 
  

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

  

	 	(1)	the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and

  

	 	(2)	in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee
and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same
to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 

 

	 	(b)	In case an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a
prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 

  

	 	(c)	No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

 

	 	(1)	this Subsection shall not be construed to limit the effect of Subsection (a) of this Section; 

  

	 	(2)	the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 

 

	 	(3)	the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Holders of at least 25% in principal amount of the Outstanding Notes
relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee under this Indenture; and 

 

	 	(4)	no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its
rights or powers. 

  

	 	(d)	Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this
Section. 

 Section 702. Notice of Defaults. 

If a default occurs hereunder and is continuing and is known to the Trustee, the Trustee shall give the Holders of the Notes notice of such
default as and to the extent provided by the Trust Indenture Act; provided, however, that in the case of any default of the character specified in Section 601(5) with respect to the Notes, no such notice to Holders shall be given
until at least 30 days after the occurrence thereof. For the purpose of this Section 702, the term “default” means any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to the
Notes. 
 The Trustee shall not be deemed to have notice of any default (and no default shall be known to the Trustee) unless written notice
of any event which is in fact such a default is received by the Trustee from the Company or a Holder at the Corporate Trust Office of the Trustee, and such notice references the Notes and this Indenture. 

Section 703. Certain Rights of Trustee. 

Subject to the provisions of Section 701: 
  

	 	(1)	the Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture,
note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties; 

  
 50 

	 	(2)	any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order, and any resolution of the Board of Directors shall be sufficiently evidenced by a Board
Resolution; 

  

	 	(3)	whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence
be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon an Officers’ Certificate or Opinion of Counsel; 

  

	 	(4)	the Trustee may consult with counsel of it selection and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted
by it hereunder in good faith and in reliance thereon; 

  

	 	(5)	the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall
have offered to the Trustee security or indemnity satisfactory to it in its sole discretion against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction; 

 

	 	(6)	the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond,
debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make
such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional liability of any
kind by reason of such inquiry or investigation; 

  

	 	(7)	the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or
negligence on the part of any agent or attorney appointed with due care by it hereunder; 

  

	 	(8)	the Trustee shall not be liable for any action it takes or omits to take in good faith which it believes authorized or within its rights; 

 

	 	(9)	in no event shall the Trustee be responsible or liable for special, punitive, indirect, or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the
Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action; 

  

	 	(10)	the permissive right of the Trustee to take any action under this Indenture shall not be construed as a duty to so act; 

  

	 	(11)	the rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its
capacities hereunder; and 

  

	 	(12)	prior to acting the Trustee may require an Officers’ Certificate or an Opinion of Counsel or both, and the Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such
Officers’ Certificate or Opinion of Counsel. 

 Section 704. Not Responsible for Recitals or Issuance of Notes. 

The recitals contained herein and in the Notes, except the Trustee’s certificates of authentication, shall be taken as the statements of
the Company and neither the Trustee nor any Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Notes. Neither the Trustee nor any
Authenticating Agent shall be accountable for the use or application by the Company of Notes or the proceeds thereof. 

  
 51 

 Section 705. May Hold Notes. 

The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the Company, in its individual or any
other capacity, may become the owner or pledgee of Notes and, subject to Sections 708 and 713, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar
or such other agent. 
 Section 706. Money Held in Trust. 

Money and U.S. Government Obligations held by the Trustee in trust hereunder need not be segregated from other funds except to the extent
required by law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed with the Company. 

Section 707. Compensation and Reimbursement. 

The Company agrees 
  

	 	(1)	to pay to the Trustee and the Collateral Agent from time to time compensation for all services rendered by the Trustee or the Collateral Agent, respectively, hereunder (which compensation shall not be limited by any
provision of law in regard to the compensation of a trustee of an express trust); 

  

	 	(2)	to reimburse the Trustee and the Collateral Agent upon the request of the Trustee or the Collateral Agent, respectively, for all expenses, disbursements and advances incurred or made by the Trustee or the Collateral
Agent, respectively, in accordance with any provision of this Indenture (including the compensation and the expenses and disbursements of such Person’s respective agents and counsel), except any such expense, disbursement or advance as may be
attributable to such Person’s respective gross negligence or bad faith; 

  

	 	(3)	to indemnify the Trustee and Collateral Agent for, and to hold each such Person harmless against, any loss, liability or expense incurred without gross negligence or bad faith on the part of either the Trustee or the
Collateral Agent, respectively, arising out of or in connection with acting hereunder or the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending itself against any claim or liability in
connection with the exercise or performance of any of its powers or duties hereunder. When either the Trustee or the Collateral Agent incurs expenses or renders services after the occurrence of an Event of Default specified in paragraph (7) or
(8) of Section 601 of this Indenture, such expenses and the compensation for such services are intended to constitute expenses of administration under any Insolvency or Liquidation Proceeding. For the purposes of this paragraph,
“Insolvency” or “Liquidation Proceeding” means, with respect to any Person, (a) an insolvency or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or similar case or proceeding in connection
therewith, relative to such Person or its creditors, as such, or its assets, or (b) any liquidation, dissolution or other winding-up proceeding of such Person, whether voluntary or involuntary and whether or not involving insolvency or
bankruptcy or (c) any assignment for the benefit of creditors or any other marshaling of assets and liabilities of such Person; 

  

	 	(4)	to secure the Company’s payment obligations in this Section 707, the Trustee and the Collateral Agent will each have a Lien prior to the Notes on all money or property held or collected by the Trustee or the
Collateral Agent, respectively, except that held in trust to pay principal of, premium, if any, and interest on, particular Notes. Such Lien will survive the satisfaction and discharge of this Indenture; and 

 

	 	(5)	that the terms of this Section 707 shall survive the resignation or removal of either the Trustee or the Collateral Agent and the termination of this Indenture. 

The Trustee shall comply with the provisions of Trust Indenture Act Section 313(b)(2) to the extent applicable. 

  
 52 

 Section 708. Conflicting Interests. 

If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate
such interest or, except as otherwise provided in Section 310(b) of the Trust Indenture Act, resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. 

Section 709. Corporate Trustee Required; Eligibility. 

There shall at all times be one (and only one) Trustee hereunder with respect to the Notes. Each Trustee shall be a Person that is eligible
pursuant to the Trust Indenture Act to act as such, and has a combined capital and surplus of at least $50,000,000. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or
examining authority, then for the purposes of this Section 709 and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its
most recent report of condition so published. If at any time the Trustee with respect to the Notes shall cease to be eligible in accordance with the provisions of this Section 709, it shall resign immediately in the manner and with the effect
hereinafter specified in this Article. 
 Section 710. Resignation and Removal; Appointment of Successor. 

No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the
acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 711. 
 The Trustee may
resign at any time with respect to the Notes by giving written notice thereof to the Company. If the instrument of acceptance by a successor Trustee required by Section 711 shall not have been delivered to the Trustee within 30 days after
the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Notes. 

The Trustee may upon 30 days’ notice be removed at any time by Act of the Holders of a majority in principal amount of the Outstanding
Notes, delivered to the Trustee and to the Company. 
 If at any time: 

 

	 	(1)	the Trustee shall fail to comply with Section 708 after written request therefor by the Company or by any Holder who has been a bona fide Holder of a Note for at least six months, or 

 

	 	(2)	the Trustee shall cease to be eligible under Section 709 and shall fail to resign after written request therefor by the Company or by any such Holder, or 

 

	 	(3)	the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the
Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 

 then, in any such case, (A) the
Company by a Board Resolution may remove the Trustee, or (B) subject to Section 614, any Holder who has been a bona fide Holder of a Note for at least six months may, on behalf of himself and all others similarly situated, petition any
court of competent jurisdiction for the removal with at least 30 days’ notice of the Trustee with respect to all Notes and the appointment of a successor Trustee or Trustees. 

If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause,
with respect to the Notes, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Notes and shall comply with the applicable requirements of Section 711. If, within one year after such
resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Notes shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Notes delivered to the Company and
the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with the applicable requirements of Section 711, become the successor Trustee with respect to the Notes and to that
extent supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to the Notes shall have been so appointed by the Company or the Holders and accepted appointment in the manner required by Section 711, any
Holder who has been a bona fide Holder of a Note for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Notes.

  
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 The Company shall give notice of each resignation and each removal of the Trustee and each
appointment of a successor Trustee to all Holders of Notes in the manner provided in Section 206. Each notice shall include the name of the successor Trustee and the address of its Corporate Trust Office. 

Section 711. Acceptance of Appointment by Successor. 

In case of the appointment hereunder of a successor Trustee, every such successor Trustee so appointed shall execute, acknowledge and deliver
to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance,
shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument
transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. 

Upon request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and
confirming to such successor Trustee all such rights, powers and trusts referred to in the first or second preceding paragraph, as the case may be. 

No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible
under this Article. 
 Section 712. Merger, Conversion, Consolidation or Succession to Business. 

Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such
corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Notes shall have been authenticated, but not delivered,
by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Notes so authenticated with the same effect as if such successor Trustee had itself
authenticated such Notes. 
 Section 713. Preferential Collection of Claims Against Company. 

If and when the Trustee shall be or become a creditor of the Company or any other obligor upon the Notes, the Trustee shall be subject to the
provisions of the Trust Indenture Act regarding the collection of claims against the Company or any such other obligor. 
 Section 714. Appointment
of Authenticating Agent. 
 The Trustee may appoint an Authenticating Agent or Agents which shall be authorized to act on behalf of the
Trustee to authenticate Notes issued upon original issue and upon exchange, registration of transfer or partial redemption thereof or pursuant to Section 406, and Notes so authenticated shall be entitled to the benefits of this Indenture and
shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Notes by the Trustee or the Trustee’s certificate of authentication,
such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent
shall be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to act as
Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 and subject to supervision or examination by Federal or State authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant
to law or to the requirements of said supervising or examining authority, then for the purposes of this Section 714, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set
forth in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section 714, such Authenticating Agent shall resign immediately in the manner
and with the effect specified in this Section 714. 

  
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 Any corporation into which an Authenticating Agent may be merged or converted or with which it
may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an
Authenticating Agent, shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section 714, without the execution or filing of any paper or any further act on the part of the Trustee or the
Authenticating Agent. 
 An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to the Company.
The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any
time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section 714, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall give notice of such
appointment in the manner provided in Section 206 to all Holders of Notes with respect to which such Authenticating Agent will serve. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all
the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section 714. 

The Company agrees to pay to each Authenticating Agent from time to time reasonable compensation for its services under this Section 714.

 If an appointment with respect to one or more series is made pursuant to this Section 714, the Notes may have endorsed thereon, in
addition to the Trustee’s certificate of authentication, an alternative certificate of authentication in the following form: 
 This is
one of the Notes designated therein referred to in the within-mentioned Indenture. 
  

			
	[●], as Trustee
		
	By:	 	  

		 	As Authenticating Agent
		
	By:	 	  

		 	Authorized Officer

 ARTICLE 8 

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 

Section 801. Company to Furnish Trustee Names and Addresses of Holders. 

The Company will furnish or cause to be furnished to the Trustee 
  

	 	(1)	semi-annually, not later than each Interest Payment Date for the Notes in each year, a list, in such form as the Trustee may reasonably require, of the names and addresses of the Holders of Notes as of the preceding
Regular Record Date, and 

  

	 	(2)	at such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to
the time such list is furnished; 

 excluding from any such list names and addresses received by the Trustee in its capacity as Security
Registrar. 
 Section 802. Preservation of Information; Communications to Holders. 

The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders contained in the most recent
list furnished to the Trustee as provided in Section 801 and the names and addresses of Holders received by the Trustee in its capacity as Security Registrar and shall otherwise comply with Trust Indenture Act Section 312(a). The Trustee
may destroy any list furnished to it as provided in Section 801 upon receipt of a new list so furnished. 

  
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 The rights of Holders to communicate with other Holders with respect to their rights under this
Indenture or under the Notes, and the corresponding rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act. 

Every Holder of Notes, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor
any agent of any of them shall be held accountable by reason of any disclosure of information as to names and addresses of Holders made pursuant to the Trust Indenture Act. 

Section 803. Reports by Trustee. 

The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required pursuant to
the Trust Indenture Act at the times and in the manner provided pursuant thereto. 
 A copy of each such report shall, at the time of such
transmission to Holders, be filed by the Trustee with each stock exchange upon which the Notes are listed, with the SEC, with the Company and with the Subsidiary Guarantors. The Company will notify the Trustee when any Notes are listed on any stock
exchange 
 Section 804. Reports by Company. 

(a) Whether or not the Company is subject to the reporting requirements of Section 13 or Section 15(d) of the Exchange Act, to the
extent not prohibited by the Exchange Act, the Company will file with the SEC, and make available to the Trustee and the Holders of the Notes without cost to any Holder, the annual reports and the information, documents and other reports (or copies
of such portions of any of the foregoing as the SEC may by rules and regulations prescribe) that are specified in Sections 13 and 15(d) of the Exchange Act and applicable to a U.S. corporation within the time periods specified therein with
respect to an accelerated filer. In the event that the Company is not permitted to file such reports, documents and information with the SEC pursuant to the Exchange Act, the Company will nevertheless make available such Exchange Act information to
the Trustee and the Holders of the Notes without cost to any Holder as if the Company were subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act within the time periods specified therein with respect to a
non-accelerated filer. The Company shall also comply with the provisions of Trust Indenture Act Section 314(a). 
 (b) The Company may
request the Trustee on behalf of the Company at the Company’s expense to mail or send the foregoing to Holders. In such case, the Company shall provide the Trustee with a sufficient number of copies of all reports and other documents and
information that the Trustee may be required to deliver to Holders under this Section 804. 
 (c) If the Company has designated any of
its Subsidiaries as Unrestricted Subsidiaries, then the financial information required will include a reasonably detailed presentation, either on the face of the financial statements or in the footnotes thereto, and in Management’s Discussion
and Analysis of Financial Condition and Results of Operations, of the financial condition and results of operations of the Company and its Restricted Subsidiaries separate from the financial condition and results of operations of the Unrestricted
Subsidiaries of the Company. 
 (d) The availability of the foregoing materials on the SEC’s website or on the Company’s website
shall be deemed to satisfy the foregoing delivery obligations; provided, that the Trustee shall have no obligation to verify or monitor whether the Company posts the foregoing materials on the SEC’s website or on the Company’s
website, and in the absence of written notice from the Company stating that the Company has failed to so post the foregoing materials, the Trustee shall be entitled to presume that such materials have been posted. 

(e) Any and all Defaults or Events of Default arising from a failure to furnish or file in a timely manner a report or other information
required by this Section 804 shall be deemed cured (and the Company shall be deemed to be in compliance with this Section 804) upon furnishing or filing such report or other information as contemplated by this Section 804 (but without
regard to the date on which such report or other information is so furnished or filed); provided, that such cure shall not otherwise affect the rights of the Holders or the Trustee under Section 601 of this Indenture if the principal of,
premium, if any, and interest on the Notes have been accelerated in accordance with the terms of this Indenture and such acceleration has not been rescinded or cancelled prior to such cure. 

  
 56 

 (f) The delivery of the foregoing reports, information and documents to the Trustee is for
informational purposes only and the Trustee’s receipt of such reports, information or documents shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the
Company’s compliance with any of its covenants under this Indenture (as to which the Trustee is entitled to conclusively rely upon an Officers’ Certificate). 

ARTICLE 9 

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 

Section 901. Company May Consolidate, Etc., Only on Certain Terms. 

The Company shall not consolidate with or merge with or into or wind up into (whether or not the Company is the surviving Person), or sell,
lease, transfer, convey or otherwise dispose of all or substantially all its properties or assets in one or more related transactions to, any Person, unless: 
  

	 	(1)	the resulting, surviving or transferee Person (for purposes of this Article Nine, a “Successor Company”) will be a corporation, partnership, trust or limited liability company organized and existing under
the laws of the United States of America, any State of the United States or the District of Columbia and the Successor Company (if not the Company) will expressly assume, by supplemental indenture, executed and delivered to the Trustee, in form
reasonably satisfactory to the Trustee, all the obligations of the Company under the Note Documents; 

  

	 	(2)	immediately after giving effect to such transaction (and treating any Indebtedness that becomes an obligation of the Successor Company or any Subsidiary of the Successor Company as a result of such transaction as having
been Incurred by the Successor Company or such Subsidiary at the time of such transaction), no Default or Event of Default shall have occurred and be continuing; 

  

	 	(3)	either immediately after giving effect to such transaction on a pro forma basis and any related financing transactions as if the same had occurred at the beginning of the applicable four quarter period, (A) the
Successor Company would be able to Incur at least an additional $1.00 of Indebtedness pursuant to the first paragraph of Section 1111 or (B) the Consolidated Coverage Ratio of the Company is equal to or greater than the Consolidated
Coverage Ratio of the Company immediately before such transaction; 

  
 57 

	 	(4)	if the Company is not the Successor Company, each Subsidiary Guarantor (unless it is the other party to the transactions above, in which case clause (1) shall apply) shall have by supplemental indenture confirmed
that its Subsidiary Guarantee shall apply to such Person’s obligations in respect of this Indenture and the Notes shall continue to be in effect; 

  

	 	(5)	the Successor Company shall take such action (or agree to take such action) as may be reasonably necessary to cause any property or assets that constitute Collateral owned by or transferred to the Successor Company to
be subject to the Liens securing the Note Obligations in the manner and to the extent required under the Note Documents and shall deliver an Opinion of Counsel as to the enforceability of any amendments, supplements or other instruments with respect
to the Note Documents to be executed, delivered, filed and recorded, as applicable, and such other matters as the Trustee or the Collateral Agent, as applicable, may reasonably request; and 

 

	 	(6)	the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, merger, sale, lease, transfer, conveyance or other disposition and such
supplemental indenture (if any) comply with this Indenture and that all conditions precedent herein provided for relating to such transaction have been complied with. 

For purposes of this Article Nine, the sale, lease, transfer, conveyance or other disposition of all or substantially all of the
properties or assets of one or more Subsidiaries of the Company, which properties or assets, if held by the Company instead of such Subsidiaries, would constitute all or substantially all of the properties or assets of the Company on a consolidated
basis, shall be deemed to be the disposition of all or substantially all of the properties or assets of the Company. 
 Section 902. Subsidiary
Guarantors may Consolidate, Etc, Only on Certain Terms. 
 A Subsidiary Guarantor may not sell, lease, transfer, convey or otherwise
dispose of, in one or more related transactions, all or substantially all of its properties or assets to, or consolidate with or merge with or into (whether or not such Subsidiary Guarantor is the surviving Person) another Person, other than the
Company or another Subsidiary Guarantor, unless: 
  

	 	(1)	immediately after giving effect to such transaction or series of transactions, no Default or Event of Default exists; 

  

	 	(2)	either: 

  

	 	a.	the Person acquiring the properties or assets in any such sale, lease, transfer, conveyance or other disposition or the Person formed by or surviving any such consolidation or merger (if other than the Subsidiary
Guarantor) unconditionally assumes all the obligations of that Subsidiary Guarantor under its Subsidiary Guarantee and this Indenture pursuant to a supplemental indenture in form reasonably satisfactory to the Trustee; or 

 

	 	b.	such transaction or series of transactions does not violate Section 1115; 

  

	 	(3)	if the Person acquiring the properties or assets in any such sale, lease, transfer, conveyance or other disposition or the Person formed by or surviving any such consolidation or merger is a Restricted Subsidiary of the
Company, then such Person shall take such action (or agree to take such action) as may be necessary to cause any property or assets that constitute Collateral owned by or transferred to such Person to be subject to the Liens securing the Note
Obligations in the manner and to the extent required under the Note Documents and shall deliver an Opinion of Counsel as to the enforceability of any amendments, supplements or other instruments with respect to the Note Documents to be executed,
delivered, filed and recorded, as applicable, and such other matters as the Trustee or the Collateral Agent, as applicable, may reasonably request; and 

  

	 	(4)	the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such transaction and such supplemental indenture (if any) comply with this Indenture and that
all conditions precedent herein provided for relating to such transaction have been complied with. 

  
 58 

 Section 903. Certain Permitted Consolidations, Etc. 

Notwithstanding the preceding Section 901(3), (x) any Restricted Subsidiary may consolidate with, merge into or dispose of all or
part of its properties or assets to the Company and the Company may consolidate with, merge into or transfer all or part of its properties or assets to a Subsidiary Guarantor and (y) the Company may merge with an Affiliate incorporated solely
for the purpose of reincorporating the Company in another jurisdiction; and provided further that, in the case of a Restricted Subsidiary that consolidates with, merges into or disposes of all or part of its properties and assets to the
Company, the Company will not be required to comply with the preceding Section 901(6). 
 Section 904. Successor Substituted. 

Upon any consolidation of the Company with, or merger of the Company into, any other Person or any conveyance, transfer or lease of all or
substantially all of the assets of the Company in accordance with Section 901, the Successor Company shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as
if such successor Person had been named as the Company herein, and thereafter, except in the case of a lease of all or substantially all its properties or assets, the Company shall be relieved of all obligations and covenants under this Indenture
and the Notes. 
 ARTICLE 10 

AMENDMENTS 
 Section 1001.
Amendments Without Consent of Holders. 
 Without the consent of any Holders, the Company, the Subsidiary Guarantors, the Trustee and the
Collateral Agent, at any time and from time to time, may amend or supplement this Indenture, the Notes or the other Note Documents for any of the following purposes: 
  

	 	(1)	cure any ambiguity, omission, defect, mistake or inconsistency in the Note Documents; 

  

	 	(2)	provide for the assumption by a successor corporation, partnership, trust or limited liability company of the obligations of the Company or any Subsidiary Guarantor under this Indenture, the Notes or any other Note
Document; 

  

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

  

	 	(4)	add guarantors with respect to the Notes, including Subsidiary Guarantors, or release a Subsidiary Guarantor from its Subsidiary Guarantee and terminate such Subsidiary Guarantee; provided that the release and
termination is in accordance with Section 1604; 

  

	 	(5)	make, complete or confirm any grant of Collateral permitted or required by any of the Note Documents; 

  

	 	(6)	add to the covenants of the Company or a Subsidiary Guarantor for the benefit of the Holders or surrender any right or power conferred upon the Company or a Subsidiary Guarantor; 

 

	 	(7)	make any change that does not adversely affect the rights of any Holder or conform the text of the Note Documents or any other such documents (in recordable form) as may be necessary or advisable to preserve and confirm
the relative priorities of the Priority Lien Documents, the Note Documents and the Junior Lien Documents as such priorities are contemplated and set forth in the Intercreditor Agreement; 

 

	 	(8)	provide for the succession of a successor Trustee, provided that the successor Trustee is otherwise qualified and eligible to act as such under this Indenture; or 

 

	 	(9)	release, discharge, terminate or subordinate Liens on Collateral in accordance with the Note Documents and to confirm and evidence any such release, discharge, termination or subordination. 

Each of the Trustee and the Collateral Agent, is hereby authorized to join with the Company and the Subsidiary Guarantors in the execution of
any such amendment or supplement, to make any further appropriate agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property thereunder. 

  
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 Any Note Document authorized by the provisions of this Section 1001 may be executed by the
Company, the Subsidiary Guarantors, the Trustee and the Collateral Agent without the consent of the Holders, notwithstanding any of the provisions of Section 1002. 

Section 1002. Amendments With Consent of Holders. 

With the consent of the Holders of not less than a majority in principal amount of the Outstanding Notes, the Company, the Subsidiary
Guarantors, the Trustee and the Collateral Agent may amend or supplement this Indenture, the Notes and the other Note Documents; provided, however, that no such amendment or supplement shall, without the consent of the Holder of each
Outstanding Note affected thereby: 
  

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

  

	 	(2)	reduce the stated rate of or extend the stated time for payment of interest on any Note; 

  

	 	(3)	reduce the principal of or extend the Stated Maturity of any Note; 

  

	 	(4)	reduce the premium payable upon the redemption of any Note pursuant to Section 1203 or change the time at which any Note may be redeemed pursuant to Section 1203; 

 

	 	(5)	waive a Default or Event of Default in the payment of principal of, or interest or premium, if any, on, the Notes (except a rescission of acceleration of the Notes by the Holders of a majority in aggregate principal
amount of the then Outstanding Notes and a waiver of the payment default that resulted from such acceleration); 

  

	 	(6)	make any Note payable in money other than that stated in the Note; 

  

	 	(7)	make any change in the provisions of this Indenture relating to waivers of past Defaults or Events of Default or impair the right of any Holder (a) to receive payment of the principal of, premium, if any, and
interest on such Holder’s Notes on or after the due dates therefor except as may be permitted by this Indenture or (b) to institute suit for the enforcement of any payment on or with respect to such Holder’s Notes; 

 

	 	(8)	make any change in this Section 1002 or in Section 613; 

  

	 	(9)	modify the Subsidiary Guarantees in any manner adverse to the Holders of the Notes; 

  

	 	(10)	make any change to or modify the ranking of the Notes or the Subsidiary Guarantees that would adversely affect the Holders; or 

  

	 	(11)	make any change to the consent of holders of Notes required to release the Liens for the benefit of the holders on all, substantially all or any part of the Collateral, other than in accordance with the Note Documents.

 In addition, any amendment to, or waiver of, the provisions of this Indenture or any Security Document that has the effect
of releasing all or substantially all of the Collateral from the Liens securing the Notes (other than in accordance with the Note Documents) will require the consent of the holders of at least 66 2/3% in aggregate principal amount of the Notes then
outstanding. 
 It shall not be necessary for any Act of Holders under this Section 1002 to approve the particular form of any proposed
amendment or supplement, but it shall be sufficient if such Act shall approve the substance thereof. 
 A consent to any amendment or waiver
under this Indenture by any Holder of Notes given in connection with a tender of such Holder’s Notes, or a purchase of, or tender offer or exchange offer for, other Notes, will not be rendered invalid thereby. 

After an amendment under this Section 1002 becomes effective, the Company shall mail to the Holders a notice briefly describing such
amendment. However, the failure to give such notice to all the Holders, or any defect in the notice will not impair or affect the validity of the amendment. 

  
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 Section 1003. Execution of Supplemental Indentures or Amendment. 

In executing, or accepting the additional trusts created by, any supplemental indenture or amendment permitted by this Article or the
modifications thereby of the trusts created by the Note Document, the Trustee shall be entitled to receive, and shall be fully protected in relying upon, an Officers’ Certificate and Opinion of Counsel stating that the execution of such
supplemental indenture or amendment is authorized or permitted by this Indenture, and that all conditions precedent have been complied with. The Trustee or the Collateral Agent may, but shall not be obligated to, enter into any such supplemental
indenture or amendment which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
 Section 1004. Effect
of Supplemental Indentures or Amendment. 
 Upon the execution of any supplemental indenture or amendment under this Article, this
Indenture shall be modified in accordance therewith, and such supplemental indenture or amendment shall form a part of this Indenture for all purposes; and every Holder of Notes theretofore or thereafter authenticated and delivered hereunder shall
be bound thereby. 
 Section 1005. Conformity with Trust Indenture Act. 

Every supplemental indenture or amendment executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act. 

Section 1006. Reference in Notes to Supplemental Indentures or Amendments. 

Notes authenticated and delivered after the execution of any supplemental indenture or amendment pursuant to this Article may, and shall if
required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture or amendment. If the Company shall so determine, new Notes so modified as to conform to any such supplemental
indenture or amendment may be prepared and executed by the Company and such new Notes may be authenticated and delivered by the Trustee in exchange for Outstanding Notes. 

ARTICLE 11 COVENANTS 

Section 1101. Payment of Principal, Premium and Interest. 

The Company covenants and agrees for the benefit of the Notes that it will duly and punctually pay the principal of and any premium and
interest on the Notes in accordance with the terms of the Notes and this Indenture. Principal, premium, if any, and interest will be considered paid on the date due if the Trustee or a Paying Agent, if other than the Company or a Subsidiary thereof,
holds as of 11 a.m., New York City time, on the due date money deposited by the Company in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest then due. 

The Company will pay interest (including post-petition interest in any proceeding under any applicable Federal or State bankruptcy,
insolvency, reorganization or similar law) on overdue principal and premium, if any, at the interest rate specified in the Notes to the extent lawful; and it will pay interest (including post-petition interest in any proceeding under any applicable
Federal or State bankruptcy, insolvency, reorganization or similar law) on overdue installments of interest (without regard to any applicable grace period) at the same rate to the extent lawful. 

Section 1102. Maintenance of Office or Agency. 

The Company will maintain, in Houston, Texas and in any other Place of Payment, an office or agency where Notes may be presented or surrendered
for payment, and it will maintain an office or agency in the continental United States where Notes may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Notes and this
Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or agency or
shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and each of the Company and the Subsidiary Guarantors hereby appoints
the 

  
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Trustee as its agent to receive all such presentations, surrenders, notices and demands. The Company hereby irrevocably designates as a Place of Payment for the Notes Houston, Texas, and
initially appoints The Bank of New York Mellon Trust Company, N.A., at The Bank of New York Mellon Trust Company, N.A., 601 Travis Street, 16th Floor, Houston, Texas 77002, Attention: Corporate
Trust Administration, as the Company’s office or agency in such city where the Notes may be presented or surrendered for payment. 

The Company may also from time to time designate one or more other offices or agencies where the Notes may be presented or surrendered for any
or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain in Houston, Texas, a Place of
Payment for the Notes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 

Section 1103. Money for Notes Payments to Be Held in Trust. 

If the Company shall at any time act as its own Paying Agent, it will, before 11 a.m., New York City time, on each due date of the principal of
or any premium or interest on any of the Notes, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any premium and interest so becoming due until such sums shall be paid to such
Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its action or failure so to act. 
 Whenever the
Company shall have one or more Paying Agents for the Notes, it will, prior to 11 a.m., New York City time, on each due date of the principal of or any premium or interest on the Notes, deposit with a Paying Agent a sum sufficient to pay such amount,
such sum to be held as provided by the Trust Indenture Act, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. 

The Company will cause each Paying Agent other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent
shall agree with the Trustee, subject to the provisions of this Section 1103, that such Paying Agent will (1) comply with the provisions of the Trust Indenture Act applicable to it as a Paying Agent and (2) during the continuance of
any default by the Company or any other obligor upon the Notes in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith pay to the Trustee all sums held in trust by such Paying Agent for payment in
respect of the Notes. 
 The Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for
any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held
by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money. 

Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of or any
premium or interest on the Notes and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the Company on Company Request, or (if then held by the Company) shall be discharged from
such trust; and the Holder of such Notes shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of
the Company as trustee thereof, shall thereupon cease; provided, however, that, if there are then outstanding any Notes not in global form, the Trustee or such Paying Agent, before being required to make any such repayment, may at the
expense of the Company cause to be published once, in a newspaper published in the English language, customarily published on each Business Day and of general circulation in the City and State of New York notice that such money remains unclaimed and
that, after a date specified therein, which shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Company. 

Section 1104. Annual Compliance Certificate; Statement by Officers as to Default. 

(a) The Company and the Subsidiary Guarantors shall deliver to the Trustee within 120 days after the end of each fiscal year of the
Company ending after the Issue Date an Officers’ Certificate signed by the principal executive officer, the principal accounting officer or the principal financial officer of each of the Company and the Subsidiary Guarantors, stating that a
review of the activities of the Company and its Restricted Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officers with a view to determining 

  
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whether each of the Company and the Subsidiary Guarantors has performed its obligations under this Indenture, and further stating whether or not the signers know of any Default or Event of
Default that occurred during such period. If they do, the certificate shall describe such Default or Event of Default, its status and what action the Company is taking or proposes to take with respect thereto. 

(b) The Company shall, so long as any Note is Outstanding, deliver to the Trustee within thirty days after the occurrence of a Default,
written notice (which need not be an Officers’ Certificate) setting forth the details of such Default, and what action the Company is taking or proposing to take with respect thereto. 

Section 1105. Existence. 
 Subject to
Article Nine, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect the existence, rights (charter and statutory) and franchises of the Company; provided, however, that the
Company shall not be required to preserve any such right or franchise if it shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company. 

Section 1106. [Reserved]. 
 Section 1107.
Payment of Taxes. 
 The Company will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, all
material taxes, assessments and governmental charges levied or imposed upon the Company or any Subsidiary or upon the income, profits or property of the Company or any Subsidiary; provided, however, that the Company shall not be required to
pay or discharge or cause to be paid or discharged any such tax, assessment or charge whose amount, applicability or validity is being contested in good faith by appropriate proceedings. 

Section 1108. [Reserved]. 
 Section 1109.
[Reserved]. 
 Section 1110. Purchase of Notes Upon a Change of Control. 

If a Change of Control occurs, unless the Company has previously or concurrently exercised its right to redeem all of the Notes pursuant to
Section 1203, each Holder will have the right to require the Company to purchase all or any part (equal to $2,000 or an integral multiple of $1.00 in excess of $2,000) of such Holder’s Notes at a purchase price in cash equal to at least
101% of the principal amount of the Notes plus accrued and unpaid interest, if any, to the date of purchase (subject to the right of holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). 

Within 30 days following any Change of Control, unless the Company has previously or concurrently exercised its right to redeem all of
the Notes pursuant to Section 1203, the Company will mail (or send electronically if the Depositary is the recipient) a notice (the “Change of Control Offer”) to each Holder, with a copy to the Trustee, stating: 

 

	 	(1)	that a Change of Control has occurred and that such Holder has the right to require the Company to purchase such Holder’s Notes at a purchase price in cash equal to 101% (or such greater percentage as may be
specified in such notice) of the principal amount of such Notes plus accrued and unpaid interest, if any, to the date of purchase (subject to the right of Holders of record on a record date to receive interest on the relevant Interest Payment Date)
(the “Change of Control Payment”); 

  

	 	(2)	the purchase date (which shall be no earlier than 30 days nor later than 60 days from the date such notice is mailed) (the “Change of Control Payment Date”); 

 

	 	(3)	that any Note not properly tendered will remain outstanding and continue to accrue interest; 

  

	 	(4)	that unless the Company defaults in the payment of the Change of Control Payment, all Notes accepted for payment pursuant to the Change of Control Offer will cease to accrue interest on the Change of Control Payment
Date; 

  
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	 	(5)	that Holders electing to have any Notes in certificated form purchased pursuant to a Change of Control Offer will be required to surrender such Notes, with the form entitled “Option of Holder to Elect
Purchase” on the reverse of such Notes completed, to the paying agent specified in the notice at the address specified in the notice prior to the close of business on the third Business Day preceding the Change of Control Payment Date;

  

	 	(6)	that Holders will be entitled to withdraw their tendered Notes and their election to require the Company to purchase such Notes, provided that the paying agent receives, not later than the close of business on
the third Business Day preceding the Change of Control Payment Date, a facsimile or electronic transmission or letter setting forth the name of the Holder of the Notes, the principal amount of Notes tendered for purchase, and a statement that such
Holder is withdrawing its tendered Notes and its election to have such Notes purchased; 

  

	 	(7)	that if the Company is repurchasing a portion of the Note of any Holder, the Holder will be issued a new Note equal in principal amount to the unpurchased portion of the Note surrendered, provided that the
unpurchased portion of the Note must be equal to a minimum principal amount of $2,000 and an integral multiple of $1.00 in excess of $2,000; and 

  

	 	(8)	the procedures determined by the Company, consistent with this Indenture, that a Holder must follow in order to have its Notes repurchased. 

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

	 	(1)	accept for payment all Notes or portions of Notes (in a minimum principal amount of $2,000 and integral multiples of $1.00 in excess of $2,000) properly tendered pursuant to the Change of Control Offer and not properly
withdrawn; 

  

	 	(2)	deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes accepted for payment; and 

 

	 	(3)	deliver or cause to be delivered to the Trustee the Notes so accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company.

 The Paying Agent will promptly mail or deliver to each Holder of Notes accepted for payment the Change of Control Payment
for such Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book entry) to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each
such new Note will be in a minimum principal amount of $2,000 or an integral multiple of $1.00 in excess of $2,000. 
 If the Change of
Control Payment Date is on or after an interest record date and on or before the related Interest Payment Date, any accrued and unpaid interest will be paid to the Person in whose name a Note is registered at the close of business on such record
date, and no further interest will be payable to Holders who tender pursuant to the Change of Control Offer. 
 The Company is not required
to make a Change of Control Offer upon a Change of Control if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with this Section 1110 applicable to a Change of Control Offer made by the
Company and purchases all Notes validly tendered and not properly withdrawn under such Change of Control Offer. 
 A Change of Control Offer
may be made in advance of a Change of Control, and conditioned upon the occurrence of a Change of Control, if a definitive agreement is in place for the Change of Control at the time of making the Change of Control Offer. 

The Company will comply, to the extent applicable, with the requirements of Rule 14e-1 of the Exchange Act and any other securities laws
or regulations in connection with the purchase of Notes as a result of a Change of Control. To the extent that the provisions of any securities laws or regulations conflict with provisions of this Section 1110, the Company will comply with the
applicable securities laws and regulations and will not be deemed to have breached its obligations under this Section 1110 by virtue of its compliance with such securities laws or regulations. 

  
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 If Holders of not less than 90% in aggregate principal amount of the Outstanding Notes validly
tender and do not withdraw such Notes in a Change of Control Offer and the Company, or any third party making a Change of Control Offer in lieu of the Company as described above, purchases all of the Notes validly tendered and not withdrawn by such
Holders, the Company will have the right, upon not less than 30 nor more than 60 days’ prior notice, given not more than 30 days following such purchase pursuant to the Change of Control Offer described above, to redeem all Notes that
remain Outstanding following such purchase at a Redemption Price in cash equal to the applicable Change of Control Payment plus, to the extent not included in the Change of Control Payment, accrued and unpaid interest, if any, to the Redemption
Date. 
 The Company’s obligation to make a Change of Control Offer pursuant to this Section 1110 may be waived or modified or
terminated with the written consent of the Holders of a majority in principal amount of the Notes then Outstanding (including consents obtained in connection with a tender offer or exchange offer for the Notes) prior to the occurrence of such Change
of Control. 
 Section 1111. Limitation on Indebtedness and Preferred Stock. 

The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, Incur any Indebtedness (including
Acquired Indebtedness) and the Company will not permit any of its Restricted Subsidiaries to issue Preferred Stock; provided, however, that the Company may Incur Indebtedness and any of the Subsidiary Guarantors may Incur Indebtedness
and issue Preferred Stock if on the date thereof: 
  

	 	(1)	the Consolidated Coverage Ratio for the Company and its Restricted Subsidiaries is at least 2.50 to 1.00, determined on a pro forma basis (including a pro forma application of proceeds); and 

 

	 	(2)	no Default would occur as a consequence of, and no Event of Default would be continuing following, Incurring the Indebtedness or its application. 

The first paragraph of this Section 1111 will not prohibit the Incurrence of the following Indebtedness: 

 

	 	(1)	Indebtedness under one or more Credit Facilities of the Company or any Subsidiary Guarantor Incurred pursuant to this clause (1) in an aggregate amount not to exceed the greatest of (i) $250.0 million,
(ii) 115% of the Borrowing Base in effect at the time of Incurrence and (iii) $100.0 million plus 35% of the Company’s Modified ACNTA determined as of the date of the Incurrence of such Indebtedness after giving effect to the
application of the proceeds therefrom; 

  

	 	(2)	Guarantees of Indebtedness Incurred in accordance with the provisions of this Indenture; provided that in the event such Indebtedness that is being Guaranteed is a Subordinated Obligation or a Guarantor
Subordinated Obligation, then the related Guarantee shall be subordinated in right of payment to the Notes or the Subsidiary Guarantee to at least the same extent as the Indebtedness being Guaranteed, as the case may be; 

 

	 	(3)	Indebtedness of the Company owing to and held by any Restricted Subsidiary or Indebtedness of a Restricted Subsidiary owing to and held by the Company or any Restricted Subsidiary; provided, however, that
(a)(i) if the Company is the obligor on such Indebtedness and the obligee is not a Subsidiary Guarantor, such Indebtedness must be expressly subordinated to the prior payment in full in cash of all obligations with respect to the Notes and
(ii) if a Subsidiary Guarantor is the obligor of such Indebtedness and the obligee is neither the Company nor a Subsidiary Guarantor, such Indebtedness must be expressly subordinated to the prior payment in full in cash of all obligations of
such Subsidiary Guarantor with respect to its Subsidiary Guarantee and (b)(i) any subsequent issuance or transfer of Capital Stock or any other event which results in any such Indebtedness being held by a Person other than the Company or a
Restricted Subsidiary of the Company and (ii) any sale or other transfer of any such Indebtedness to a Person other than the Company or a Restricted Subsidiary of the Company shall be deemed, in each case, to constitute an Incurrence of such
Indebtedness by the Company or such Subsidiary, as the case may be, that was not permitted by this clause (3); 

  

	 	(4)	Indebtedness represented by (a) the Notes issued on the Issue Date and all Subsidiary Guarantees, (b) any Indebtedness (other than the Indebtedness described in clauses (1), (2) and 4(a)) outstanding on
the Issue Date and (c) any Refinancing Indebtedness Incurred in respect of any Indebtedness described in this clause (4) or clauses (5) or (6) Incurred pursuant to the first paragraph of this Section 1111; 

  
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	 	(5)	Permitted Acquisition Indebtedness and Bank Product Obligations; 

  

	 	(6)	Indebtedness Incurred to finance the acquisition, construction or improvement of any assets, including Capitalized Lease Obligations and any Indebtedness assumed in connection with the acquisition of any such assets or
secured by a Lien on any such assets before the acquisition thereof; provided that the aggregate principal amount at any time outstanding of any Indebtedness Incurred pursuant to this clause, including all Refinancing Indebtedness Incurred to
refund, refinance or replace any Indebtedness Incurred pursuant to this clause (6), may not exceed the greater of (x) $25.0 million or (y) 5% of Modified ACNTA; 

 

	 	(7)	Indebtedness Incurred in respect of (a) self-insurance obligations, bid, appeal, reimbursement, performance, surety and similar bonds and completion guarantees provided by the Company or a Restricted Subsidiary in
the ordinary course of business and any Guarantees or letters of credit functioning as or supporting any of the foregoing bonds or obligations and (b) obligations represented by letters of credit for the account of the Company or a Restricted
Subsidiary in order to provide security for workers’ compensation claims (in the case of clauses (a) and (b) other than for an obligation for money borrowed); and 

 

	 	(8)	in addition to the items referred to in clauses (1) through (7) above, Indebtedness of the Company and its Restricted Subsidiaries in an aggregate outstanding principal amount that, when taken together with
the aggregate principal amount of all other Indebtedness Incurred pursuant to this clause (8) and then outstanding, will not exceed $50.0 million. 

For purposes of determining compliance with, and the outstanding principal amount of any particular Indebtedness Incurred pursuant to and in
compliance with, this Section 1111: 
  

	 	(1)	in the event an item of that Indebtedness meets the criteria of more than one of the types of Indebtedness described in the first and second paragraphs of this Section 1111, the Company, in its sole discretion,
will classify such item of Indebtedness on the date of Incurrence and, subject to clause (2) below may later classify, reclassify or redivide all or a portion of such item of Indebtedness, in any manner that complies with this
Section 1111; 

  

	 	(2)	all Indebtedness outstanding on the Issue Date under the Senior Secured Credit Agreement shall be deemed Incurred on the Issue Date under clause (1) of the second paragraph of this Section 1111;

  

	 	(3)	Guarantees of, or obligations in respect of letters of credit supporting, Indebtedness which is otherwise included in the determination of a particular amount of Indebtedness shall not be included; 

 

	 	(4)	if obligations in respect of letters of credit are Incurred pursuant to a Credit Facility and are being treated as Incurred pursuant to clause (1) of the second paragraph above and the letters of credit relate to
other Indebtedness, then such other Indebtedness shall not be included to the extent of the underlying letter of credit; 

  

	 	(5)	the principal amount of any Disqualified Stock of the Company or a Restricted Subsidiary, or Preferred Stock of a Restricted Subsidiary that is not a Subsidiary Guarantor, will be equal to the greater of the maximum
mandatory redemption or repurchase price (not including, in either case, any redemption or repurchase premium) or the liquidation preference thereof; 

  

	 	(6)	Indebtedness permitted by this Section 1111 need not be permitted solely by reference to one provision permitting such Indebtedness but may be permitted in part by one such provision and in part by one or more
other provisions of this Section 1111 permitting such Indebtedness; and 

  

	 	(7)	the amount of Indebtedness issued at a price that is less than the principal amount thereof will be equal to the amount of the liability in respect thereof determined in accordance with GAAP. 

Accrual of interest, accrual of dividends, the amortization of debt discount or the accretion of accreted value, the payment of interest in
the form of additional Indebtedness, the payment of dividends in the form of additional shares of Preferred Stock or Disqualified Stock and unrealized losses or charges in respect of Hedging Obligations (including those resulting from the
application of FASB ASC 815) will not be deemed to be an Incurrence of Indebtedness for purposes of this Section 1111. 

  
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 The Company will not permit any of its Unrestricted Subsidiaries to Incur any Indebtedness, or
issue any shares of Disqualified Stock, other than Non-Recourse Debt. If at any time an Unrestricted Subsidiary becomes a Restricted Subsidiary, any Indebtedness of such Subsidiary shall be deemed to be Incurred by a Restricted Subsidiary as of such
date (and, if such Indebtedness is not permitted to be Incurred as of such date under this Section 1111, the Company shall be in Default of this Section 1111). 

The Company will not incur, and will not permit and Subsidiary Guarantor to incur, any Indebtedness that is contractually subordinated in
right of payment to any other Indebtedness of the Company or such Subsidiary Guarantor unless such Indebtedness is also contractually subordinated in right of payment to the Notes or the applicable Note Guarantees on substantially identical
terms; provided, however, that no Indebtedness will be deemed to be contractually subordinated in right of payment to any other Indebtedness of the Company or any Subsidiary Guarantor solely by virtue of being unsecured or by virtue of being
secured on a junior priority basis. 
 For purposes of determining compliance with any U.S. dollar-denominated restriction on the Incurrence
of Indebtedness, the U.S. dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was Incurred, in the case of term
Indebtedness, or first committed, in the case of revolving credit Indebtedness; provided that if such Indebtedness is Incurred to refinance other Indebtedness denominated in a foreign currency, and such refinancing would cause the applicable
U.S. dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated restriction shall be deemed not to have been exceeded so long as the
principal amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness being refinanced. Notwithstanding any other provision of this Section 1111, the maximum amount of Indebtedness that the Company may
Incur pursuant to this Section 1111 shall not be deemed to be exceeded solely as a result of fluctuations in the exchange rates of currencies. The principal amount of any Indebtedness Incurred to refinance other Indebtedness, if Incurred in a
different currency from the Indebtedness being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in which such Refinancing Indebtedness is denominated that is in effect on the date of such refinancing.

 Section 1112. Limitation on Restricted Payments. 

The Company will not, and will not permit any of its Restricted Subsidiaries, directly or indirectly, to: 

 

	 	(1)	declare or pay any dividend or make any payment or distribution on or in respect of the Company’s or any of its Restricted Subsidiaries’ Capital Stock (including any payment or distribution in connection with
any merger or consolidation involving the Company or any of its Restricted Subsidiaries) except: 

  

	 	(a)	dividends or distributions by the Company payable solely in Capital Stock of the Company (other than Disqualified Stock but including options, warrants or other rights to purchase such Capital Stock of the Company); and

  

	 	(b)	dividends or distributions payable to the Company or a Restricted Subsidiary and if such Restricted Subsidiary is not a Wholly-Owned Subsidiary, to minority stockholders (or owners of an equivalent interest in the case
of a Subsidiary that is an entity other than a corporation) so long as the Company or a Restricted Subsidiary receives at least its pro rata share of such dividend or distribution; 

 

	 	(2)	purchase, repurchase, redeem, defease or otherwise acquire or retire for value any Capital Stock of the Company or any direct or indirect parent of the Company held by Persons other than the Company or a Restricted
Subsidiary (other than in exchange for Capital Stock of the Company (other than Disqualified Stock)); 

  

	 	(3)	purchase, repurchase, redeem, defease or otherwise acquire or retire for value, prior to scheduled maturity, scheduled repayment or scheduled sinking fund payment, any unsecured Indebtedness of the Company or any
Subsidiary Guarantor, Junior Lien Debt, Subordinated Obligations or Guarantor Subordinated Obligations (in each case, other than (x) Indebtedness permitted under clause (3) of the second paragraph of Section 1111 or (y) the
purchase, repurchase, redemption, defeasance or other acquisition or retirement for value of any such Indebtedness purchased in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case due within 90
days of the date of purchase, repurchase, redemption, defeasance or other acquisition or retirement); or 

  
 67 

	 	(4)	make any Restricted Investment in any Person; 

 (any such dividend, distribution, purchase, redemption,
repurchase, defeasance, other acquisition, retirement or Restricted Investment referred to in clauses (1) through (4) shall be referred to herein as a “Restricted Payment”), if at the time the Company or such Restricted
Subsidiary makes such Restricted Payment: 
  

	 	(a)	a Default shall have occurred and be continuing (or would result therefrom); 

  

	 	(b)	the Company is not able to Incur an additional $1.00 of Indebtedness pursuant to the first paragraph of Section 1111 after giving effect, on a pro forma basis, to such Restricted Payment; or 

 

	 	(c)	the aggregate amount of such Restricted Payment and all other Restricted Payments declared or made subsequent to the Issue Date would exceed the sum of: 

 

	 	(i)	50% of Consolidated Net Income for the period (treated as one accounting period) from April 1, 2017 to the end of the most recent fiscal quarter ending prior to the date of such Restricted Payment for which
internal financial statements are in existence (or, in case such Consolidated Net Income is a deficit, minus 100% of such deficit); 

  

	 	(ii)	100% of the aggregate Net Cash Proceeds and the Fair Market Value of property or securities other than cash (including Capital Stock of Persons engaged primarily in the Oil and Gas Business or assets used in the Oil and
Gas Business), in each case received by the Company from the issue or sale of its Capital Stock (other than Disqualified Stock) or other capital contributions subsequent to the Issue Date (other than Net Cash Proceeds received from an issuance or
sale of such Capital Stock to (x) any Persons indicated in clause (5)(a) of the next succeeding paragraph or any direct or indirect parent of the Company, to the extent such Net Cash Proceeds have been used to make a Restricted Payment
pursuant to clause (5)(a) of the next succeeding paragraph, (y) a Subsidiary of the Company or (z) an employee stock ownership plan, option plan or similar trust (to the extent such sale to an employee stock ownership plan, option
plan or similar trust is financed by loans from or Guaranteed by the Company or any Restricted Subsidiary unless such loans have been repaid with cash on or prior to the date of determination)); 

 

	 	(iii)	the amount by which Indebtedness of the Company or its Restricted Subsidiaries is reduced on the Company’s balance sheet upon the conversion or exchange (other than by a Subsidiary of the Company) subsequent to the
Issue Date of any Indebtedness of the Company or its Restricted Subsidiaries convertible or exchangeable for Capital Stock (other than Disqualified Stock) of the Company (less the amount of any cash, or the Fair Market Value of any other property
(other than such Capital Stock), distributed by the Company upon such conversion or exchange), together with the net proceeds, if any, received by the Company or any of its Restricted Subsidiaries upon such conversion or exchange; and

  

	 	(iv)	the amount equal to the aggregate net reduction in Restricted In-vestments made by the Company or any of its Restricted Subsidiaries in any Person after the Issue Date resulting from: 

 

	 	(A)	repurchases, repayments or redemptions of such Restricted Investments by such Person, proceeds realized upon the sale of such Restricted Investment (other than to a Subsidiary of the Company), repayments of loans or
advances or other transfers of assets (including by way of dividend or distribution) by such Person to the Company or any Restricted Subsidiary; 

  

	 	(B)	the redesignation of Unrestricted Subsidiaries as Restricted Subsidiaries (valued in each case as provided in the definition of “Investment”) not to exceed, in the case of any Unrestricted Subsidiary, the
amount of Investments previously made by the Company or any Restricted Subsidiary in such Unrestricted Subsidiary, which amount in each case under this clause (iv) was included in the calculation of the amount of Restricted Payments;
provided, however, that no amount will be included under this clause (iv) to the extent it is already included in Consolidated Net Income; and 

  
 68 

	 	(C)	the sale by the Company or any Restricted Subsidiary (other than to the Company or a Restricted Subsidiary) of all or a portion of the Capital Stock of an Unrestricted Subsidiary or a distribution from an Unrestricted
Subsidiary or a dividend from an Unrestricted Subsidiary (whether any such distribution or dividend is made with proceeds from the issuance by such Unrestricted Subsidiary of its Capital Stock or otherwise). 

The provisions of the preceding paragraph will not prohibit: 
  

	 	(1)	any Restricted Payment made by exchange for, or out of the proceeds of the substantially concurrent sale of, Capital Stock of the Company (other than Disqualified Stock and other than Capital Stock issued or sold to a
Subsidiary of the Company or an employee stock ownership plan or similar trust to the extent such sale to an employee stock ownership plan or similar trust is financed by loans from or Guaranteed by the Company or any Restricted Subsidiary unless
such loans have been repaid with cash on or prior to the date of determination) or a substantially concurrent cash capital contribution received by the Company from its shareholders; provided, however, that (a) such Restricted
Payment will be excluded from subsequent calculations of the amount of Restricted Payments and (b) the Net Cash Proceeds from such sale of Capital Stock or capital contribution will be excluded from clause (c)(ii) of the preceding paragraph;

  

	 	(2)	any purchase, repurchase, redemption, defeasance or other acquisition or retirement of unsecured Indebtedness of the Company or any Subsidiary Guarantor, Junior Lien Debt, Subordinated Obligations or Guarantor
Subordinated Obligations, in each case, made by exchange for, or out of the proceeds of the substantially concurrent sale or issuance of, (x) Refinancing Indebtedness that, in each case, is permitted to be Incurred pursuant to the covenant
described in Section 1111 or (y) Capital Stock of the Company or any Subsidiary Guarantor; provided, however, that such purchase, repurchase, redemption, defeasance, acquisition or retirement will be excluded from subsequent
calculations of the amount of Restricted Payments; 

  

	 	(3)	any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Disqualified Stock of the Company or a Restricted Subsidiary made by exchange for, or out of the proceeds of the substantially
concurrent sale of, Disqualified Stock of the Company or such Restricted Subsidiary, as the case may be, that, in each case, is permitted to be Incurred pursuant to Section 1111; provided, however, that such purchase, repurchase,
redemption, defeasance, acquisition or retirement will be excluded from subsequent calculations of the amount of Restricted Payments; 

  

	 	(4)	dividends paid or distributions made within 60 days after the date of declaration if at such date of declaration such dividend or distribution would have complied with this Section 1112; provided,
however, that such dividends and distributions will be included in subsequent calculations of the amount of Restricted Payments; and provided further, however, that for purposes of clarification, this clause (4) shall not
include cash payments in lieu of the issuance of fractional shares included in clause (9) below; 

  

	 	(5)	 so long as no Default has occurred and is continuing, (a) the repurchase or other acquisition of Capital
Stock (including options, warrants, equity appreciation rights or other rights to purchase or acquire Capital Stock) of the Company held by any existing or former employees, officers or directors of the Company or any Restricted Subsidiary of the
Company or their assigns, estates or heirs, in each case pursuant to the repurchase or other acquisition provisions under employee stock option or stock purchase plans or agreements or other agreements to compensate employees, officers or directors,
in each case approved by the Company’s Board of Directors; provided that such repurchases or other acquisitions pursuant to this subclause (a) during any calendar year will not exceed $2.0 million in the aggregate (with unused
amounts in any calendar year being carried over to succeeding calendar years); provided further that such amount in any calendar year may be increased by an amount not to exceed (A) the cash proceeds received by the Company from the sale
of Capital Stock of the Company to any existing or former employees, officers or directors of the Company or any of its Restricted Subsidiaries or their assigns, estates or heirs that occurred after the Issue Date (to the extent the cash proceeds
from 

  
 69 

	 	
the sale of such Capital Stock have not otherwise been applied to the payment of Restricted Payments by virtue of the clause (c) of the preceding paragraph), plus (B) the cash proceeds
of key man life insurance policies received by the Company and its Restricted Subsidiaries after the Issue Date, less (C) the amount of any Restricted Payments made pursuant to clauses (A) and (B) of this clause (5)(a); provided
further, however, that the amount of any such repurchase or other acquisition under this subclause (a) will be excluded in subsequent calculations of the amount of Restricted Payments and the proceeds received from any such
transaction will be excluded from clause (c)(ii) of the preceding paragraph; and (b) loans or advances to employees, officers or directors of the Company or any Subsidiary of the Company, in each case as permitted by Section 402 of the
Sarbanes-Oxley Act of 2002, the proceeds of which are used to purchase Capital Stock of the Company, or to refinance loans or advances made pursuant to this clause 5(b), in an aggregate principal amount not in excess of $2.0 million at any one
time outstanding; provided, however, that the amount of such loans and advances will be included in subsequent calculations of the amount of Restricted Payments; 

 

	 	(6)	purchases, repurchases, redemptions or other acquisitions or retirements for value of Capital Stock deemed to occur upon the exercise of stock options, warrants, rights to acquire Capital Stock or other convertible
securities if such Capital Stock represents a portion of the exercise or exchange price thereof, and any purchases, repurchases, redemptions or other acquisitions or retirements for value of Capital Stock made in lieu of withholding taxes in
connection with any exercise or exchange of warrants, options or rights to acquire Capital Stock; provided, however, that such acquisitions or retirements will be excluded from subsequent calculations of the amount of Restricted
Payments; 

  

	 	(7)	so long as no Default has occurred and is continuing or would be caused thereby, the purchase, repurchase, redemption, defeasance or other acquisition or retirement for value of any unsecured Indebtedness, Junior Lien
Debt or Subordinated Obligations (i) at a purchase price not greater than 101% of the principal amount of such unsecured Indebtedness, Junior Lien Debt or Subordinated Obligations in the event of a Change of Control in accordance with
provisions similar to Section 1110 hereof or (ii) at a purchase price not greater than 100% of the principal amount thereof in accordance with provisions similar to Section 1115 hereof; provided that, prior to or simultaneously with
such purchase, repurchase, redemption, defeasance or other acquisition or retirement, the Company has made the Change of Control Offer or Asset Disposition Offer, as applicable, as provided in such covenant with respect to the Notes and has
completed the repurchase or redemption of all Notes validly tendered for payment in connection with such Change of Control Offer or Asset Disposition Offer; provided, however, that such acquisitions or retirements will be included in subsequent
calculations of the amount of Restricted Payments; 

  

	 	(8)	payments or distributions to dissenting stockholders pursuant to applicable law or in connection with the settlement or other satisfaction of legal claims made pursuant to or in connection with a consolidation, merger
or transfer of assets; provided, however, that any payment pursuant to this clause (8) shall be included in the calculation of the amount of Restricted Payments; 

 

	 	(9)	cash payments in lieu of the issuance of fractional shares; provided, however, that any payment pursuant to this clause (9) shall be excluded in the calculation of the amount of Restricted Payments;

  

	 	(10)	the declaration and payment of scheduled or accrued dividends to holders of any class of or series of Disqualified Stock of the Company issued on or after the Issue Date in accordance with Section 1111, to the
extent such dividends are included in Consolidated Interest Expense; provided, however, that any payment pursuant to this clause (10) shall be excluded in the calculation of the amount of Restricted Payments; and

  

	 	(11)	Restricted Payments in an amount not to exceed $15.0 million in the aggregate since the Issue Date; provided, however, that the amount of such Restricted Payments will be included in subsequent
calculations of the amount of Restricted Payments. 

 The amount of all Restricted Payments (other than cash) shall be the
Fair Market Value, on the date of such Restricted Payment, of the Restricted Investment proposed to be made or the asset(s) or securities proposed to be transferred or issued by the Company or such Restricted Subsidiary, as the case may be, pursuant
to the Restricted Payment, provided that the Fair Market Value of any non-cash dividend or distribution paid within 60 days after the date of its declaration 

  
 70 

 
shall be determined as of such date. The Fair Market Value of any cash Restricted Payment shall be its face amount, and the Fair Market Value of any non-cash Restricted Payment shall be
determined in accordance with the definition of that term. Not later than the date of making any Restricted Payment in excess of $15.0 million that will be included in subsequent calculations of the amount of Restricted Payments, the Company
shall deliver to the Trustee an Officers’ Certificate stating that such Restricted Payment is permitted and setting forth the basis upon which the calculations required by this covenant were computed. 

In the event that a Restricted Payment meets the criteria of more than one of the exceptions described in (1) through (11) above or
is entitled to be made pursuant to the first paragraph above, the Company shall, in its sole discretion, classify such Restricted Payment. 

The Company will not permit any Unrestricted Subsidiary to become a Restricted Subsidiary except pursuant to the last sentence of the
definition of “Unrestricted Subsidiary.” For purpose of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding Investments by the Company and its Restricted Subsidiaries (except to the extent repaid) in the
Subsidiary so designated will be deemed to be Restricted Payments in an amount determined as set forth in the last sentence of the definition of “Investment.” Such designation will be permitted only if a Restricted Payment in such amount
would be permitted at such time, whether pursuant to the first paragraph of this Section 1112 or under clause (11) of the second paragraph of this Section 1112, or pursuant to the definition of “Permitted Investments,” and
if such Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. 
 Section 1113. Limitation on Liens. 

The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create, Incur or suffer to exist any
Lien other than Permitted Liens upon any of its property or assets (including Capital Stock of Restricted Subsidiaries), including any income or profits therefrom, whether owned on the Issue Date or acquired after that date, which Lien is securing
any Indebtedness. 
 Section 1114. Limitation on Restrictions on Distributions from Restricted Subsidiaries. 

The Company will not, and will not permit any Restricted Subsidiary to, create or otherwise cause or permit to exist or become effective any
consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to: 
  

	 	(1)	pay dividends or make any other distributions on its Capital Stock or pay any Indebtedness or other obligations owed to the Company or any Restricted Subsidiary (it being understood that the priority of any Preferred
Stock in receiving dividends or liquidating distributions prior to dividends or liquidating distributions being paid on Common Stock shall not be deemed a restriction on the ability to make distributions on Capital Stock); 

 

	 	(2)	make any loans or advances to the Company or any Restricted Subsidiary (it being understood that the subordination of loans or advances made to the Company or any Restricted Subsidiary to other Indebtedness Incurred by
the Company or any Restricted Subsidiary shall not be deemed a restriction on the ability to make loans or advances); or 

  

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

The preceding provisions will not prohibit: 
  

	 	(1)	any encumbrance or restriction pursuant to or by reason of (a) an agreement in effect at or entered into on the Issue Date or (b) the Note Documents; 

 

	 	(2)	any encumbrance or restriction with respect to a Person pursuant to or by reason of an agreement relating to any Capital Stock or Indebtedness Incurred by a Person on or before the date on which such Person was acquired
by the Company or another Restricted Subsidiary (other than Capital Stock or Indebtedness Incurred as consideration in, or to provide all or any portion of the funds utilized to consummate, the transaction or series of related transactions pursuant
to which such Person was acquired by the Company or a Restricted Subsidiary or in contemplation of the transaction) and outstanding on such date; provided that any such encumbrance or restriction shall not extend to any assets or property of
the Company or any other Restricted Subsidiary other than the assets and property so acquired; 

  
 71 

	 	(3)	any encumbrance or restriction with respect to an Unrestricted Subsidiary pursuant to or by reason of an agreement that the Unrestricted Subsidiary is a party to entered into before the date on which such Unrestricted
Subsidiary became a Restricted Subsidiary; provided that such agreement was not entered into in anticipation of the Unrestricted Subsidiary becoming a Restricted Subsidiary and any such encumbrance or restriction shall not extend to any
assets or property of the Company or any other Restricted Subsidiary other than the assets and property so acquired; 

  

	 	(4)	with respect to any Foreign Subsidiary, any encumbrance or restriction contained in the terms of any Indebtedness or any agreement pursuant to which such Indebtedness was Incurred if either (1) the encumbrance or
restriction applies only in the event of a payment default or a default with respect to a financial covenant in such Indebtedness or agreement or (2) the Company determines that any such encumbrance or restriction will not materially affect the
Company’s ability to make principal or interest payments on the Notes, as determined in good faith by the Board of Directors of the Company, whose determination shall be conclusive; 

 

	 	(5)	any encumbrance or restriction with respect to a Restricted Subsidiary pursuant to an agreement effecting a refunding, replacement or refinancing of Indebtedness Incurred pursuant to an agreement referred to in clauses
(1) through (4) or clause (11) of this paragraph or this clause (5) or contained in any amendment, restatement, modification, renewal, refunding, replacement or refinancing of an agreement referred to in clauses (1) through
(4) or clause (11) of this paragraph or this clause (5); provided that the encumbrances and restrictions with respect to such Restricted Subsidiary contained in any such agreement, taken as a whole, are no less favorable in any
material respect to the Holders of the Notes than the encumbrances and restrictions contained in the agreements governing the Indebtedness being refunded, replaced or refinanced; 

 

	 	(6)	in the case of clause (3) of the first paragraph of this Section 1114, any encumbrance or restriction: 

  

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

  

	 	(b)	contained in mortgages, pledges or other security agreements permitted under this Indenture securing Indebtedness of the Company or a Restricted Subsidiary to the extent such encumbrances or restrictions restrict the
transfer of the property subject to such mortgages, pledges or other security agreements; 

  

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

  

	 	(d)	pursuant to customary provisions restricting dispositions of real property interests set forth in any reciprocal easement agreements of the Company or any Restricted Subsidiary; 

 

	 	(e)	restrictions on cash or other deposits imposed by customers under contracts entered into in the ordinary course of business; or 

  

	 	(f)	provisions with respect to the disposition or distribution of assets or property in operating agreements, joint venture agreements, development agreements, area of mutual interest agreements and other agreements that
are customary in the Oil and Gas Business and entered into in the ordinary course of business. 

  

	 	(7)	any encumbrance or restriction contained in (a) purchase money obligations for property acquired in the ordinary course of business and (b) Capitalized Lease Obligations permitted under this Indenture, in each
case, that impose encumbrances or restrictions of the nature described in clause (3) of the first paragraph of this Section 1114 on the property so acquired; 

  
 72 

	 	(8)	any encumbrance or restriction with respect to a Restricted Subsidiary (or any of its property or assets) imposed pursuant to an agreement entered into for the direct or indirect sale or disposition of all or a portion
of the Capital Stock or assets of such Restricted Subsidiary (or the property or assets that are subject to such restriction) pending the closing of such sale or disposition; 

 

	 	(9)	any customary encumbrances or restrictions imposed pursuant to any agreement of the type described in the definition of “Permitted Business Investment”; 

 

	 	(10)	encumbrances or restrictions arising or existing by reason of applicable law or any applicable rule, regulation or order; 

  

	 	(11)	encumbrances or restrictions contained in agreements governing Indebtedness of the Company or any of its Restricted Subsidiaries permitted to be Incurred pursuant to an agreement entered into subsequent to the Issue
Date in accordance with Section 1111; provided that the provisions relating to such encumbrance or restriction contained in such Indebtedness are not materially less favorable to the Company taken as a whole, as determined by the Board
of Directors of the Company in good faith, than the provisions contained in the Senior Secured Credit Agreement and in this Indenture as in effect on the Issue Date; 

 

	 	(12)	the issuance of Preferred Stock by a Restricted Subsidiary or the payment of dividends thereon in accordance with the terms thereof; provided that issuance of such Preferred Stock is permitted pursuant to
Section 1111 and the terms of such Preferred Stock do not expressly restrict the ability of a Restricted Subsidiary to pay dividends or make any other distributions on its Capital Stock (other than requirements to pay dividends or liquidation
preferences on such Preferred Stock prior to paying any dividends or making any other distributions on such other Capital Stock); 

  

	 	(13)	supermajority voting requirements existing under corporate charters, by-laws, stockholders agreements and similar documents and agreements; 

 

	 	(14)	restrictions on cash or other deposits or net worth imposed by customers under contracts entered into in the ordinary course of business; 

 

	 	(15)	any encumbrance or restriction contained in the Senior Secured Credit Agreement as in effect as of the Issue Date, and in any amendments, modifications, restatements, renewals, increases, supplements, refundings,
replacements or refinancings thereof; provided that such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are no more restrictive with respect to such dividend and other
payment restrictions than those contained in the Senior Secured Credit Agreement as in effect on the Issue Date; and 

  

	 	(16)	encumbrances or restrictions existing under or by reason of Indebtedness secured by a Lien otherwise permitted to be incurred hereunder that limit the right of the debtor to dispose of the assets securing such
Indebtedness and any restrictions arising in connection with any Liens relating to such secured Indebtedness; provided, that such encumbrances or restrictions are no more restrictive, taken as a whole, as those contained in the Senior Secured Credit
Agreement as in effect on the Issue Date. 

 Section 1115. Limitation on Sales of Assets and Subsidiary Stock. 

The Company will not, and will not permit any of its Restricted Subsidiaries to, make any Asset Disposition unless: 

 

	 	(1)	the Company or such Restricted Subsidiary, as the case may be, receives consideration at the time of such Asset Disposition at least equal to the Fair Market Value (such Fair Market Value to be determined on the date of
contractually agreeing to such Asset Disposition) of the shares or other assets subject to such Asset Disposition; 

  

	 	(2)	at least 75% of the aggregate consideration received by the Company or such Restricted Subsidiary, as the case may be, from such Asset Disposition and all other Asset Dispositions since the Issue Date, on a cumulative
basis, is in the form of cash or Cash Equivalents, or any combination thereof; and 

  

	 	(3)	 except as provided in the next paragraph, an amount equal to 100% of the Net Available Cash from such Asset
Disposition is applied, within 365 days from the later of the date of such Asset Disposition 

  
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or the receipt of such Net Available Cash, by the Company or such Restricted Subsidiary, as the case may be: 

 

	 	(a)	to prepay, repay, purchase, repurchase, redeem, defease or otherwise acquire or retire the Notes or Priority Lien Debt; provided, however, that, in connection with any prepayment, repayment, purchase, repurchase,
redemption, defeasance, or other acquisition of Indebtedness pursuant to this clause (a), the Company or such Restricted Subsidiary will retire such Indebtedness, in the case of the Notes, by redeeming such Notes as provided under Section 1203,
through open-market purchases (to the extent such purchases are at a purchase price at or above 100% of the principal amount thereof plus accrued but unpaid interest, if any) or by making an offer (in accordance with the procedures set forth below
for an Asset Disposition Offer) to all Holders to purchase their Notes at 100% of the principal amount thereof, plus the amount of accrued but unpaid interest, if any; or 

 

	 	(b)	to invest in Additional Assets; 

 provided that pending the final application of any such Net Available
Cash in accordance with clause (a) or (b) of this Section 1115, the Company and its Restricted Subsidiaries may otherwise invest or otherwise use such Net Available Cash in any manner not prohibited by this Indenture. 

Any Net Available Cash from Asset Dispositions that is not applied or invested as provided in the preceding paragraph will be deemed to
constitute “Excess Proceeds.” Not later than the 366th day from the later of the date of such Asset Disposition or the receipt of such Net Available Cash, if the aggregate amount of Excess Proceeds exceeds $10.0 million, the Company will
be required to make an offer (“Asset Disposition Offer”) to all Holders of Notes to purchase or redeem on a pro rata basis the maximum principal amount of Notes to which the Asset Disposition Offer applies that may be purchased out of the
Excess Proceeds, at an offer price in cash in an amount equal to 100% of the principal amount of the Notes plus accrued and unpaid interest, if any, to the date of purchase (subject to the right of Holders of record on the relevant record date to
receive interest due on the relevant Interest Payment Date), in accordance with the procedures set forth in this Section 1115 in minimum principal amount of $2,000 and integral multiples of $1.00 in excess of $2,000. If the aggregate principal
amount of Notes surrendered by holders thereof and accepted for payment exceeds the amount of Excess Proceeds allocated to the purchase of Notes, the Trustee shall select the Notes to be purchased on a pro rata basis (or, in the case of Notes issued
in global form, based on such method as the Depositary or its nominee or successor may require). To the extent that the aggregate amount of Notes so validly tendered and not properly withdrawn pursuant to an Asset Disposition Offer is less than the
Excess Proceeds, the Company or any Restricted Subsidiary may use any remaining Excess Proceeds for general corporate purposes, subject to the other covenants contained in this Indenture. Upon completion of such Asset Disposition Offer, the amount
of Excess Proceeds shall be reset at zero. 
 The Asset Disposition Offer will remain open for a period of 20 Business Days following its
commencement, except to the extent that a longer period is required by applicable law (the “Asset Disposition Offer Period”). No later than five Business Days after the termination of the Asset Disposition Offer Period (the “Asset
Disposition Purchase Date”), the Company will purchase the principal amount of Notes required to be purchased pursuant to this Section 1115 (the “Asset Disposition Offer Amount”) or, if less than the Asset Disposition Offer
Amount has been so validly tendered and not properly withdrawn, all Notes validly tendered and not properly withdrawn in response to the Asset Disposition Offer. 

If the Asset Disposition Purchase Date is on or after an interest record date and on or before the related Interest Payment Date, any accrued
and unpaid interest, if any, will be paid to the Person in whose name a Note is registered at the close of business on such record date, and no further interest will be payable to Holders who tender Notes pursuant to the Asset Disposition Offer.

 On or before the Asset Disposition Purchase Date, the Company will, to the extent lawful, accept for payment, on a pro rata basis to the
extent necessary, the Asset Disposition Offer Amount of Notes or portions of Notes so validly tendered and not properly withdrawn pursuant to the Asset Disposition Offer, or if less than the Asset Disposition Offer Amount has been validly tendered
and not properly withdrawn, all Notes so validly tendered and not properly withdrawn, in each case in minimum principal amount of $2,000 and integral multiples of $1.00 in excess of $2,000. The Company will deliver to the Trustee an Officers’
Certificate stating that such Notes or portions thereof were accepted for payment by the Company in accordance with the terms of this Section 1115. The Company or the paying agent, as the case may be, will promptly (but in any case not later
than five Business Days 

  
 74 

 
after the termination of the Asset Disposition Offer Period) mail or deliver to each tendering Holder of Notes an amount equal to the purchase price of the Notes so validly tendered and not
properly withdrawn by such Holder of Notes and accepted by the Company for purchase, and the Company will promptly issue a new Note, and the Trustee, upon delivery of a Company Request, will authenticate and mail or deliver such new Note to such
Holder, in a principal amount equal to any unpurchased portion of the Note surrendered; provided that each such new Note will be in a minimum principal amount of $2,000 or an integral multiple of $1.00 in excess of $2,000. Any Note not so
accepted will be promptly mailed or delivered by the Company to the Holder thereof. The Company will publicly announce the results of the Asset Disposition Offer on the Asset Disposition Purchase Date. 

The Company will comply, to the extent applicable, with the requirements of Rule 14e-1 of the Exchange Act and any other securities laws
or regulations in connection with the repurchase of Notes pursuant to an Asset Disposition Offer. To the extent that the provisions of any securities laws or regulations conflict with provisions of this Section 1115, the Company will comply
with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Indenture by virtue of its compliance with such securities laws or regulations. 

For the purposes of clause (2) of the first paragraph of this Section 1115, the following will be deemed to be cash: 

 

	 	(1)	the assumption, forgiveness or discharge by the transferee of Indebtedness (other than unsecured Indebtedness, Junior Lien Debt, Subordinated Obligations or Disqualified Stock) of the Company or Indebtedness of a
Restricted Subsidiary (other than unsecured Indebtedness, Junior Lien Debt, Guarantor Subordinated Obligations or Disqualified Stock of any Restricted Subsidiary that is a Subsidiary Guarantor) and the release of the Company or such Restricted
Subsidiary from all liability on such Indebtedness in connection with such Asset Disposition; 

  

	 	(2)	with respect to any Asset Disposition by the Company or any of its Restricted Subsidiaries of Oil and Gas Properties in which the Company or such Restricted Subsidiary still retains an interest, the costs and expenses
of the Company or such Restricted Subsidiary related to the exploration, development, completion or production of such properties and activities related thereto which the transferee (or an Affiliate thereof) agrees to pay; and 

 

	 	(3)	securities, notes or other obligations received by the Company or any Restricted Subsidiary from the transferee that are converted by the Company or such Restricted Subsidiary into cash within 180 days after
receipt thereof. 

 Notwithstanding the foregoing, the 75% limitation referred to in clause (2) of the first paragraph of
this Section 1115 shall be deemed satisfied with respect to any Asset Disposition in which the cash or Cash Equivalents portion of the consideration received therefrom, determined in accordance with the foregoing provision on an after-tax
basis, is equal to or greater than what the after-tax proceeds would have been had such Asset Disposition complied with the aforementioned 75% limitation. 

The requirement of clause (3)(b) of the first paragraph of this Section 1115 shall be deemed to be satisfied if an agreement
(including a lease, whether a capital lease or an operating lease) committing to make the acquisitions or expenditures referred to therein is entered into by the Company or its Restricted Subsidiary within the specified time period and such Net
Available Cash is subsequently applied in accordance with such agreement within six months following such agreement. 
 The Company will
not, and will not permit any Restricted Subsidiary to, engage in any Asset Swaps, unless: 
  

	 	(1)	at the time of entering into such Asset Swap and immediately after giving effect to such Asset Swap, no Default or Event of Default shall have occurred and be continuing or would occur as a consequence thereof; and

  

	 	(2)	in the event such Asset Swap involves the transfer by the Company or any Restricted Subsidiary of assets having an aggregate Fair Market Value equal to or in excess of $25.0 million, the terms of such Asset Swap
have been approved by a majority of the members of the Board of Directors of the Company. 

  
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 Section 1116. Limitation on Affiliate Transactions. 

The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into, make, amend or conduct any
transaction (including making a payment to, the purchase, sale, lease or exchange of any property or the rendering of any service), contract, agreement or understanding with or for the benefit of any Affiliate of the Company (an “Affiliate
Transaction”) unless: 
  

	 	(1)	the terms of such Affiliate Transaction are no less favorable to the Company or such Restricted Subsidiary, as the case may be, than those that could reasonably be expected to be obtained in a comparable transaction at
the time of such transaction in arm’s-length dealings with a Person who is not such an Affiliate; and 

  

	 	(2)	the Company delivers to the Trustee a copy of: 

  

	 	a.	with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in excess of $25.0 million, a Board Resolution certifying that the terms of such transaction
have been approved by a majority of the members of the Board of Directors of the Company having no personal stake in such transaction, if any (and such majority determines that such Affiliate Transaction satisfies the criteria in clause
(1) above); and 

  

	 	b.	with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in excess of $50.0 million, a written opinion addressed to the Board of Directors of the
Company or the Company from an independent investment banking, accounting, engineering or appraisal firm of nationally recognized standing that such Affiliate Transaction is fair, from a financial standpoint, to the Company or such Restricted
Subsidiary or is not materially less favorable than those that could reasonably be expected to be obtained in a comparable transaction at such time on an arm’s-length basis from a Person that is not an Affiliate. 

The preceding paragraph will not apply to: 
  

	 	(1)	any Restricted Payment permitted to be made pursuant to Section 1112 or any Permitted Investment; 

  

	 	(2)	any issuance of Capital Stock (other than Disqualified Stock), or other payments, awards or grants in cash, Capital Stock (other than Disqualified Stock) or otherwise pursuant to, or the funding of, employment or
severance agreements and other compensation arrangements, options to purchase Capital Stock (other than Disqualified Stock) of the Company, restricted stock plans, long-term incentive plans, stock appreciation rights plans, participation plans or
similar employee benefits plans and/or insurance and indemnification arrangements provided to or for the benefit of directors and employees approved by the Board of Directors of the Company; 

 

	 	(3)	loans or advances to employees, officers or directors in the ordinary course of business of the Company or any of its Restricted Subsidiaries not to exceed $2.0 million in the aggregate at any one time outstanding;

  

	 	(4)	advances to or reimbursements of employees for moving, entertainment and travel expenses, drawing accounts and similar expenditures in the ordinary course of business of the Company or any of its Restricted
Subsidiaries; 

  

	 	(5)	any transaction between the Company and a Restricted Subsidiary or between Restricted Subsidiaries and Guarantees issued by the Company or a Restricted Subsidiary for the benefit of the Company or a Restricted
Subsidiary, as the case may be, in accordance with Section 1111; 

  

	 	(6)	any transaction with a joint venture or similar entity (other than an Unrestricted Subsidiary) which would constitute an Affiliate Transaction solely because the Company or a Restricted Subsidiary owns, directly or
indirectly, an Equity Interest in or otherwise controls such joint venture or similar entity; 

  

	 	(7)	the issuance or sale of any Capital Stock (other than Disqualified Stock) of the Company or the receipt by the Company of any capital contribution from its shareholders; 

  
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	 	(8)	indemnities of officers, directors and employees of the Company or any of its Restricted Subsidiaries permitted by charter, bylaw or statutory provisions and any employment agreement or other employee compensation plan
or arrangement entered into in the ordinary course of business by the Company or any of its Restricted Subsidiaries; 

  

	 	(9)	the payment of reasonable compensation and fees paid to, and indemnity provided on behalf of, officers or directors of the Company or any Restricted Subsidiary; 

 

	 	(10)	the performance of obligations of the Company or any of its Restricted Subsidiaries under the terms of any agreement to which the Company or any of its Restricted Subsidiaries is a party as of or on the Issue Date, as
these agreements may be amended, modified, supplemented, extended or renewed from time to time; provided, however, that any future amendment, modification, supplement, extension or renewal entered into after the Issue Date will be
permitted only to the extent that its terms are not materially more disadvantageous, taken as a whole, to the Holders of the Notes than the terms of the agreements in effect on the Issue Date; 

 

	 	(11)	transactions with customers, clients, suppliers, or purchasers or sellers of goods or services, in each case in the ordinary course of business and otherwise in compliance with the terms of this Indenture,
provided that in the reasonable determination of the Board of Directors of the Company or the senior management of the Company, such transactions are on terms not materially less favorable to the Company or the relevant Restricted Subsidiary
than those that could reasonably be expected to be obtained in a comparable transaction at such time on an arm’s-length basis from a Person that is not an Affiliate of the Company; 

 

	 	(12)	transactions with a Person (other than an Unrestricted Subsidiary) that is an Affiliate of the Company solely because the Company owns, directly or through a Restricted Subsidiary, an Equity Interest in such Person; and

  

	 	(13)	transactions between the Company or any Restricted Subsidiary and any Person, a director of which is also a director of the Company or any direct or indirect parent company of the Company and such director is the sole
cause for such Person to be deemed an Affiliate of the Company or any Restricted Subsidiary; provided, however, that such director shall abstain from voting as a director of the Company or such direct or indirect parent company, as the
case may be, on any matter involving such other Person. 

 Section 1117. Future Subsidiary Guarantors. 

The Company will cause each Wholly-Owned Subsidiary of the Company (other than an Excluded Subsidiary) formed or acquired after the Issue Date
to execute and deliver to the Trustee within 30 days a supplemental indenture (in substantially the form specified in Annex C to this Indenture) pursuant to which such Subsidiary will unconditionally Guarantee, on a joint and several basis, the
full and prompt payment of the principal of, premium, if any, and interest on the Notes and all other amounts due under this Indenture on a senior basis; provided that any Restricted Subsidiary that constitutes an Excluded Subsidiary need not
become a Subsidiary Guarantor until such time as it ceases to be an Excluded Subsidiary. 
 Section 1118. After Acquired Property. 

Promptly, but in no event later than 15 days (or, in the case of mortgages, 60 days), following the acquisition by the Company or any
Subsidiary Guarantor of any After Acquired Property, the Company or such Subsidiary Guarantor shall execute and deliver such mortgages, Security Document supplements, security instruments and financing statements as shall be reasonably necessary to
cause such After Acquired Property to be made subject to a perfected Lien (subject to Liens permitted under this Indenture, including Permitted Liens) in favor of the Collateral Agent for the benefit of the Trustee and the Holders of the Notes, and
thereupon all provisions of this Indenture and the Security Documents relating to the Collateral shall be deemed to relate to such After Acquired Property to the same extent and with the same force and effect; provided that the execution and
delivery of such documents will only be required, and such After Acquired Property will only become part of the Collateral securing the Notes, if and to the extent that such After Acquired Property becomes part of the Collateral securing the Senior
Secured Credit Agreement substantially concurrently therewith, and the Collateral in any event will exclude Excluded Collateral. 

  
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 Notwithstanding anything to the contrary set forth herein, neither the Company nor any Subsidiary
Guarantor shall be required to perfect the security interest in any asset or property to the extent that the Priority Lien Agent does not require such Lien to be perfected under the Senior Secured Credit Agreement. 

Section 1119. Covenant Termination. 

From and after the occurrence of an Investment Grade Rating Event, the Company and its Restricted Subsidiaries will no longer be subject to the
provisions of this Indenture described above in Sections 901(3), 1111, 1112, 1114, 1115, 1116 and 1118. 
 After the foregoing
covenants have been terminated, the Company may not designate any of its Subsidiaries as Unrestricted Subsidiaries pursuant to the second sentence of the definition of “Unrestricted Subsidiary.” 

The Company shall promptly notify the Trustee, in writing, of the occurrence or cessation of an Investment Grade Rating Event and in the
absence of such notice, the Trustee shall be entitled to presume that no such occurrence, or cessation, has taken place. 
 ARTICLE 12

 REDEMPTION OF NOTES 

Section 1201. Applicability of Article. 

The Notes shall be redeemable at the election of the Company in accordance with their terms and in accordance with this Article. 

Section 1202. Election to Redeem; Notice to Trustee. 

In case of any redemption of less than all Notes, the Company shall, at least five Business Days prior to notice of a redemption being sent to
Holders pursuant to Section 1205 (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the principal amount of Notes to be redeemed. In the case of any redemption of Notes prior to the
expiration of any restriction on such redemption provided in the terms of such Notes or elsewhere in this Indenture, the Company shall furnish the Trustee, prior to giving notice of such redemption, with an Officers’ Certificate evidencing
compliance with such restriction; and in the case of every redemption under this Indenture, the Company shall deliver an Officers’ Certificate to the Trustee that all conditions precedent to such redemption have been complied with at the time
that the notice of redemption is to be transmitted to Holders. 
 Section 1203. Optional Redemption. 

(a) On and after May 31, 2020, the Company may redeem all or, from time to time, a part of the Notes, at the following Redemption
Prices (expressed as a percentage of principal amount of the Notes) plus accrued and unpaid interest on the Notes, if any, to the applicable Redemption Date (subject to the right of holders of record on the relevant record date to receive interest
due on the relevant Interest Payment Date), if redeemed during the twelve-month period beginning on May 31 of the years indicated below: 
  

					
	Year	  	Percentage	 
	 2020
	  	 	105.625	% 
	 2021
	  	 	105.625	% 
	 2022 and thereafter
	  	 	100.000	% 

 (b) Prior to May 31, 2020, the Company may, at its option, on any one or more occasions redeem up to
35% of the aggregate principal amount of the Notes (including any Additional Notes) issued under this Indenture with an amount of cash equal to the Net Cash Proceeds of one or more Equity Offerings at a Redemption Price of 107.500% of the principal
amount thereof, plus accrued and unpaid interest, if any, to the Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date); provided that 

  
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	 	(1)	at least 65% of the original principal amount of the Notes issued on the Issue Date remains outstanding after each such redemption; and 

 

	 	(2)	the redemption occurs within 180 days after the closing of the related Equity Offering. 

(c) In addition, the Notes may be redeemed, in whole or in part, at any time prior to May 31, 2020, at the option of the Company at
a Redemption Price equal to 100% of the principal amount of the Notes redeemed plus the Applicable Premium, and accrued and unpaid interest to, the applicable Redemption Date (subject to the right of holders of record on the relevant record date to
receive interest due on the relevant Interest Payment Date). 
 (d) The Notes may be redeemed, as a whole, following certain Change of
Control Offers pursuant to Section 1110, at the Redemption Price and subject to the conditions set forth in such Section 1110. 

Section 1204. Selection by Trustee of Notes to Be Redeemed. 

If less than all the Notes are to be redeemed at any time, the particular Notes to be redeemed shall be selected by the Trustee, from the
Outstanding Notes not previously called for redemption as follows: 
 (1)    if the Notes are listed on any national
securities exchange, in compliance with the requirements of the principal national securities exchange on which the Notes are listed or; 

(2)    if the Notes are not listed on any national securities exchange, on a pro rata basis (or, in the case Global Notes,
based on such method as the Depositary may require), provided that the unredeemed portion of the principal amount of any Note shall be in an authorized denomination (which shall not be less than the minimum authorized denomination) for such Note.

 For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Notes shall
relate, in the case of any Notes redeemed or to be redeemed only in part, to the portion of the principal amount of such Notes which has been or is to be redeemed. 

Section 1205. Notice of Redemption. 

Notice of redemption shall be given by first-class mail, postage prepaid, (or sent electronically if the Depositary is the recipient) mailed or
sent not less than 30 nor more than 60 days prior to the Redemption Date, to each Holder of Notes to be redeemed, at its address appearing in the Security Register, provided that a notice of redemption may be mailed more than 60 days
prior to the Redemption Date if such notice is issued in connection with any Covenant Defeasance, Legal Defeasance or satisfaction and discharge of the Notes as provided under Article Five or Article Fourteen of this Indenture. 

All notices of redemption shall state: 
  

	 	(1)	the Redemption Date, 

  

	 	(2)	the Redemption Price, if then determined and otherwise the basis for its determination, 

  

	 	(3)	if less than all the Outstanding Notes are to be redeemed, the identification (and, in the case of partial redemption of any such Notes, the principal amounts) of the particular Notes to be redeemed, 

 

	 	(4)	that on the Redemption Date the Redemption Price will become due and payable upon each such Note be redeemed and that interest thereon will cease to accrue on and after said date, 

 

	 	(5)	the place or places where each such Note is to be surrendered for payment of the Redemption Price, and 

  

	 	(6)	the CUSIP/ISIN numbers of the Notes. 

 Notice of redemption of Notes to be redeemed at the
election of the Company shall be given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company and shall be irrevocable. Notices of redemption of Notes may be subject to one or more conditions
specified in such notice. 

  
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 Section 1206. Deposit of Redemption Price. 

Prior to 11:00 a.m., New York City time, on any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if
the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 1103) an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued
interest on, all the Notes which are to be redeemed on that date. 
 Section 1207. Notes Payable on Redemption Date. 

Notice of redemption having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, become due and payable at the
Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Notes shall cease to bear interest. Upon surrender of any such Notes for redemption
in accordance with said notice, such Notes shall be paid by the Company at the Redemption Price, together with accrued interest to the Redemption Date; provided, however, that installments of interest whose Stated Maturity is on or
prior to the Redemption Date will be payable to the Holders of such Notes, or one or more Predecessor Notes, registered as such at the close of business on the relevant record dates according to their terms and the provisions of Section 407.

 If any Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until
paid, bear interest from the Redemption Date at the rate prescribed therefor in the Note. 
 Section 1208. Notes Redeemed in Part. 

Any Note which is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company or the Trustee so
requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or its attorney duly authorized in writing), and the Company shall execute and the Trustee
shall authenticate and deliver to the Holder of such Note without service charge, a new Note or Notes of like tenor, of any authorized denomination as requested by such Holder, in aggregate principal amount equal to and in exchange for the
unredeemed portion of the principal of the Note so surrendered. 
 ARTICLE 13 

SECURITY 
 Section 1301. Collateral
and Security Documents 
 (a) The Note Obligations are secured by second-priority Liens on the Collateral as provided in the Security
Documents and the Intercreditor Agreement. For all purposes of this Indenture, all references to “second-priority” Liens means Liens that may be junior in priority to the Liens securing Priority Debt Obligations, to the extent permitted to
be incurred or to exist under the Intercreditor Agreement, and to Liens permitted by Section 1113 of this Indenture. 
 (b) Each Holder
of Notes, by its acceptance thereof, consents and agrees to the terms of the Security Documents and the Intercreditor Agreement (including, without limitation, the provisions providing for foreclosure and release of Collateral and authorizing the
Collateral Agent to enter into any Security Document on its behalf) as the same may be in effect or may be amended from time to time in accordance with its terms and authorizes and directs the Collateral Agent (and, if applicable, the Trustee) to
enter into the Security Documents and the Intercreditor Agreement and to perform its obligations and exercise its rights thereunder in accordance therewith. 

(c) The Company shall deliver to the Trustee copies of all documents delivered to the Collateral Agent pursuant to the Security Documents, and
the Company shall, and shall cause its Restricted Subsidiaries to do or cause to be done all such acts and things as may be necessary or proper, or as may be required by the provisions of the Security Documents, or which the Collateral Agent from
time to time may reasonably request, to assure and confirm to the Trustee that the Collateral Agent holds, for the benefit of itself, the Holders of the Notes and the Trustee, duly created, enforceable and perfected Liens as contemplated hereby and
by the Security Documents and the Intercreditor Agreement, so as to render the same available for the security and benefit of this Indenture and of the Notes and any Subsidiary Guarantee secured thereby, according to the intent and purposes herein
expressed. The Company and any Subsidiary Guarantor shall each take any and all actions reasonably required or reasonably 

  
 80 

 
requested by the Trustee to cause the Security Documents and the Intercreditor Agreement to create and maintain, as security for the Note Obligations, in respect of the Collateral, valid and
enforceable perfected second-priority Liens in and on such Collateral and subject to no other Liens other than as permitted by the terms of this Indenture. 

(d) The Collateral Agent agrees that it will hold the security interests in Collateral created under the Security Documents to which it is a
party as contemplated by this Indenture in accordance with the Intercreditor Agreement, and any and all proceeds thereof, for the benefit of, among others, the Trustee and the Holders of the Notes, to act in preservation of the security interest in
the Collateral in accordance with the Intercreditor Agreement. The Collateral Agent shall (subject to being indemnified and/or secured to its satisfaction) take action or refrain from taking action with respect to the Notes in connection therewith
only as directed by the Trustee, Holders holding a majority in aggregate outstanding principal amount of the Notes, or, subject to Section 1308(l), Section 1308(o) and Section 1302, the Company. 

(e) Each Holder, by accepting a Note, shall be deemed (i) to have authorized the Trustee to enter into the Intercreditor Agreement and
the Collateral Agent to enter into the Security Documents and the Intercreditor Agreement, (ii) to have agreed to be bound thereby and (iii) to appoint the Trustee or the Collateral Agent, as the case may be, as its agent under the
Security Documents and the Intercreditor Agreement. 
 (f) The Trustee hereby acknowledges that the Collateral Agent is authorized to act
under the Security Documents on behalf of the Trustee and the Holders. The Collateral Agent is hereby authorized to exercise such rights, powers and discretions as are specifically delegated to it by the terms of the Security Documents, including
the power to enter into the Security Documents, on behalf of the Holders of the Notes and the Trustee, together with all rights, powers and discretions as are reasonably incidental thereto or necessary to give effect to the trusts created
thereunder. The Collateral Agent shall, however, at all times be entitled to seek directions from the Trustee or the Holders with respect to the Notes and shall, subject to the Collateral Agent being indemnified and/or secured to its satisfaction,
be obligated to follow those directions if given. The Collateral Agent hereby accepts its appointment as collateral agent for the Holders and the Trustee under the Security Documents, and its authorization to so act on such Holders’ and the
Trustee’s behalf in accordance with the terms of this Indenture and the Intercreditor Agreement. 
 (g) Notwithstanding any other
provision of this Indenture or any other Note Document, neither the Trustee nor the Collateral Agent shall have any responsibility for the validity, perfection, sufficiency, adequacy, priority or enforceability of any Lien or Security Document or
other security interest, and shall have no obligation to take any action to procure or maintain such validity, perfection, sufficiency, adequacy, priority or enforceability, including without limitation no responsibility to make any filings to
perfect or maintain the perfection of the Collateral Agent’s security interest in the Collateral. 
 Section 1302. Release of Collateral

 Collateral may be released from the Liens and security interests created by the Security Documents at any time or from time to time in
accordance with the provisions of the Security Documents, the Intercreditor Agreement, and this Indenture. In connection with the execution of any release of Collateral, the Collateral Agent and the Trustee shall be furnished with an Opinion of
Counsel and an Officers’ Certificate stating that all conditions precedent to the release in the Indenture and in the Security Documents have been complied with, and such release of Collateral is permitted thereunder. The Collateral Agent and
the Trustee shall be fully protected in relying upon such Officers’ Certificate and Opinion of Counsel. Notwithstanding anything to the contrary in the relevant Security Documents and the Intercreditor Agreement, upon receipt of such
Officers’ Certificate and Opinion of Counsel, together with any additional document required by Section 1309(c), the Collateral Agent shall execute, deliver or acknowledge any instruments of termination, satisfaction or release, without
recourse or warranty, to evidence the release of any such Collateral requested by the Company, all at the sole cost and expense of the Company and the Subsidiary Guarantors. 

Section 1303. Authorization of Actions to be Taken by the Trustee 

Following an Event of Default, subject to the provisions of Section 701 and Section 703 and the terms of the Security Documents and
the Intercreditor Agreement (including any consent of the Holders required thereunder), the Trustee may, in its sole discretion, direct, on behalf of the Holders of Notes, the Collateral Agent to take all actions it deems necessary or appropriate in
order to: 
  

	 	(1)	enforce any of the terms of the Security Documents and the Intercreditor Agreement; and 

  
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	 	(2)	collect and receive any and all amounts payable in respect of the Note Obligations. 

 Subject
to Section 701 and Section 703, the Trustee will have power to institute and maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts that may be unlawful or in violation of the
Security Documents, the Intercreditor Agreement or this Indenture, and such suits and proceedings as the Trustee may deem expedient to preserve or protect its interests and the interests of the Holders of Notes in the Collateral (including power to
institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be otherwise invalid if the enforcement of, or compliance with, such enactment,
rule or order would impair the security interest hereunder or be prejudicial to the interests of the Holders of the Notes or of the Trustee). 

Section 1304. Authorization of Receipt of Funds by the Trustee 

The Collateral Agent is authorized to receive any funds for the benefit of the Trustee and the Holders of the Notes distributed under the
Security Documents or the Intercreditor Agreement, and to make further distributions of such funds to the Trustee for further distribution to the Holders of the Notes according to the provisions of this Indenture and the Intercreditor Agreement.

 Section 1305. Termination of Security Interest 

The Collateral shall be released from the Lien and security interest created by the Security Documents, all without delivery of any instrument
or performance of any act by any party, at any time or from time to time in accordance with the provisions of the Security Documents or as provided by this Section 1305 (subject to the delivery of the Opinion of Counsel and Officers’
Certificate provided for in Section 1302, if the Collateral Agent or Trustee is asked to execute any documents in connection therewith). Upon such release, all rights in the Collateral shall revert to the Company and the Subsidiary Guarantors.
The Collateral shall be released under one or more of the following circumstances: 
  

	 	(1)	upon Defeasance or Covenant Defeasance in accordance with Article 14 or satisfaction and discharge of this Indenture in accordance with Article 5; 

 

	 	(2)	upon payment in full in cash and discharge of all Notes outstanding under this Indenture and all other Obligations that are outstanding, due and payable under this Indenture and the other Note Documents at the time the
Notes are paid in full in cash and discharged; 

  

	 	(3)	as to any Collateral of the Company or a Subsidiary Guarantor that is sold, transferred or otherwise disposed of by the Company or Subsidiary Guarantor to a Person that is not (either before or after such sale, transfer
or disposition) the Company or a Restricted Subsidiary of the Company in a transaction or other circumstance that does not violate the provisions described in Section 1115 (other than the obligation to apply proceeds of such Asset Sale as
provided in such provision) and is permitted by all of the other Note Documents, at the time of such sale, transfer or other disposition to the extent of the interest sold, transferred or otherwise disposed of; provided that the Collateral
Agent’s Liens upon the Collateral will not be released if the sale or disposition is subject to Section 901; 

  

	 	(4)	in whole or in part, with the consent of the Holders of the requisite percentage of Notes in accordance with the provisions set forth in Article 10 hereof; 

 

	 	(5)	in the case of a Subsidiary Guarantor that is released from its Subsidiary Guarantee pursuant to the terms of Section 1604 hereof, the release of the property, assets of such Subsidiary Guarantor; or

  

	 	(6)	if and to the extent required by the provisions of the Intercreditor Agreement. 

 The
Collateral Agent and the Trustee upon receipt of an Officers’ Certificate and Opinion of Counsel will execute all documents reasonably requested of it to effectuate or evidence any release of Collateral securing the Notes and the Subsidiary
Guarantees, as requested by and at the cost and expense of the Company, in accordance with the provisions of this Indenture, the Intercreditor Agreement and the relevant Security Document. 

  
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 Section 1306. Intercreditor Agreement 

The Collateral Agent and the Trustee shall enter into any other intercreditor agreement at the request of the Company, provided that the
Company will have delivered to the Collateral Agent and the Trustee an Officers’ Certificate to the effect that such other intercreditor agreement complies with the provisions of this Indenture, the Notes and the Security Documents. The
Collateral Agent and the Trustee, as applicable, each agrees at the Company’ expense to execute and deliver any amendment to, waiver of, or supplement to any Security Document or intercreditor agreement authorized pursuant to Article 10. 

Section 1307. Further Action 
 Upon
the terms and subject to the conditions of this Indenture and the Security Documents the Company and any Subsidiary Guarantor shall use its respective reasonable efforts to take, or cause to be taken, all appropriate action, and to do or cause to be
done, all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective the security over the Collateral as contemplated by the Security Documents and the Intercreditor Agreement, including, without
limitation, (a) preparing or causing to be prepared any required filings under the Security Documents and the Intercreditor Agreement, (b) using reasonable efforts to make all required filings, notifications, releases and applications and
to obtain licenses, permits, consents, approvals, authorizations, qualifications and orders of governmental authorities and parties to contracts with the Company and any Subsidiary Guarantor as are necessary for the grants of security contemplated
by this Indenture and the Security Documents and to fulfill the conditions of the Security Documents including, without limitation, delivery of title deeds and all other documents of title relating to the Collateral secured by the Security Documents
in the manner as provided for therein and in the Intercreditor Agreement to which any Subsidiary Guarantor is a party, (c) taking any and all action to perfect the security over the Collateral as contemplated by this Indenture and the Security
Documents, (d) cooperating in all respects with each other in connection with any investigation or other inquiry, including any proceeding initiated by any Person, in connection with the granting of security over the Collateral,
(e) keeping the Trustee or the Collateral Agent informed in all material respects of any material communication received by the Company or any Subsidiary Guarantor from, or given by them to, any governmental authority or any other Person
regarding any matters contemplated by the Security Documents and the Intercreditor Agreement and or with respect to the Collateral, and (f) permitting the Trustee or the Collateral Agent to review any material communication given by the Company
or any Subsidiary Guarantor to any such governmental authority or any other Person. 
 Section 1308. Concerning the Collateral Agent 

(a) Notwithstanding any provision to the contrary contained elsewhere in this Indenture, the Security Documents and the Intercreditor
Agreement, the duties of the Collateral Agent shall be ministerial and administrative in nature, and the Collateral Agent shall not have any duties or responsibilities, except those expressly set forth herein and in the other Note Documents to which
the Collateral Agent is a party, nor shall the Collateral Agent have or be deemed to have any trust or other fiduciary relationship with the Trustee, any Holder, the Company or any Subsidiary Guarantor, and no implied covenants, functions,
responsibilities, duties, obligations or liabilities shall be read into this Indenture, the Security Documents, the Intercreditor Agreement, or otherwise exist against the Collateral Agent. Without limiting the generality of the foregoing sentence,
the use of the term “agent” or “Agent” in this Indenture and the other Note Documents with reference to the Collateral Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency
doctrine of any applicable law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties. 

(b) The Collateral Agent may perform any of its duties under this Indenture, the Security Documents or the Intercreditor Agreement by or
through receivers, agents, employees, attorneys-in-fact or with respect to any specified Person, such Person’s Affiliates, and the respective officers, directors, employees, agents, advisors and attorneys-in-fact of such Person and its
Affiliates (a “Related Person”) and shall be entitled to advice of counsel concerning all matters pertaining to such duties, and shall be entitled to act upon, and shall be fully protected in taking action in reliance upon any advice or
opinion given by legal counsel. The Collateral Agent shall not be responsible for the negligence or willful misconduct of any receiver, agent, employee, attorney-in-fact or Related Person that it selects as long as such selection was made with due
care. 

  
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 (c) The Collateral Agent (i) shall not be liable for any action taken or omitted to be taken
by it in connection with this Indenture, the Intercreditor Agreement and the Security Documents or instrument referred to herein or therein, except to the extent that any of the foregoing are found by a final, non-appealable judgment of a court of
competent jurisdiction to have resulted from its own gross negligence or willful misconduct, (ii) shall not be liable for interest on any money received by it except as the Collateral Agent may agree in writing with the Company (and money held
in trust by the Collateral Agent need not be segregated from other funds except to the extent required by law), (iii) shall not be liable for acting pursuant to direction from the Trustee or the Holders of a majority in aggregate principal
amount of the Notes and (iv) may consult with counsel of its selection and the advice or opinion of such counsel as to matters of law shall be full and complete authorization and protection from liability in respect of any action taken, omitted
or suffered by it in good faith and in accordance with the advice or opinion of such counsel. The grant of permissive rights or powers to the Collateral Agent shall not be construed to impose duties to act. 

(d) The Collateral Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, resolution, notice, consent,
certificate, affidavit, letter, telegram, facsimile, certification, telephone message, statement, or other communication, document or conversation (including those by telephone or e-mail) believed by it to be genuine and correct and to have been
signed, sent, or made by the proper Person or Persons, and upon advice and statements of legal counsel (including, without limitation, counsel to the Company or any Subsidiary Guarantor), independent accountants and other experts and advisors
selected by the Collateral Agent. The Collateral Agent shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order,
bond, debenture, or other paper or document. 
 (e) The Collateral Agent shall have no obligation to any Holder or any other Person to
ascertain or inquire into the existence of any Default or Event of Default, the observance or performance by any obligor of any terms of this Indenture, the Intercreditor Agreement, and the Security Documents, or the satisfaction of any conditions
precedent contained in this Indenture, the Intercreditor Agreement and any Security Documents. The Collateral Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default, unless a Responsible Officer of
the Collateral Agent shall have received written notice from the Trustee or the Company referring to this Indenture, describing such Default or Event of Default and stating that such notice is a “notice of default.” The Collateral Agent
shall take such action with respect to such Default or Event of Default as may be requested by the Trustee in accordance with Article 6 or the Holders of a majority in aggregate principal amount of the Notes (subject to this Section 1308). 

(f) Notwithstanding anything to the contrary contained herein, the Collateral Agent shall solely act pursuant to the instructions of the
Holders and the Trustee with respect to the Security Documents and the Collateral. The Collateral Agent shall be fully justified in failing or refusing to take any action under this Indenture, the Security Documents or the Intercreditor Agreement
unless it shall first receive such direction, advice or concurrence of the Trustee or the Holders of a majority in aggregate principal amount of the Notes as it determines and, if it so requests, it shall first be indemnified to its satisfaction by
the Holders against any and all loss, liability and expense which may be incurred by it by reason of taking or continuing to take any such action. The Collateral Agent shall in all cases be fully protected in acting, or in refraining from acting,
under this Indenture, the Security Documents or the Intercreditor Agreement in accordance with a request, direction, instruction or consent of the Trustee or the Holders of a majority in aggregate principal amount of the then outstanding Notes and
such request and any action taken or failure to act pursuant thereto shall be binding upon all of the Holders. After the occurrence of an Event of Default, the Trustee or the Holders of a majority in aggregate principal amount of the Notes may
direct the Collateral Agent in connection with any action required or permitted by this Indenture, the Security Documents or the Intercreditor Agreement. For the avoidance of doubt, the Collateral Agent shall have no discretion under this Indenture,
the Intercreditor Agreement or the Security Documents and shall not be required to make or give any determination, consent, approval, request or direction without the written direction of the Holders of a majority in aggregate principal amount of
the then outstanding Notes or the Trustee, as applicable. 
 (g) The Collateral Agent may resign at any time by notice to the Trustee and
the Company, such resignation to be effective upon the acceptance of a successor agent to its appointment as Collateral Agent. If the Collateral Agent resigns under this Indenture, the Company shall appoint a successor collateral agent. If no
successor collateral agent is appointed prior to the intended effective date of the resignation of the Collateral Agent 

  
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(as stated in the notice of resignation), the Collateral Agent may petition a court of competent jurisdiction to appoint a successor. Upon the acceptance of its appointment as successor
collateral agent hereunder, such successor collateral agent shall succeed to all the rights, powers and duties of the retiring Collateral Agent, and the term “Collateral Agent” shall mean such successor collateral agent, and the retiring
Collateral Agent’s appointment, powers and duties as the Collateral Agent shall be terminated. After the retiring Collateral Agent’s resignation hereunder, the provisions of this Section 1308 (and Section 707) shall continue to
inure to its benefit and the retiring Collateral Agent shall not by reason of such resignation be deemed to be released from liability as to any actions taken or omitted to be taken by it while it was the Collateral Agent under this Indenture. Any
resignation or removal of the Colaltearl Agent shall be upon at least 30 days’ written notice. 
 (h) Except as otherwise explicitly
provided herein or in the Security Documents or the Intercreditor Agreement, neither the Collateral Agent nor any of its respective officers, directors, employees or agents or other Related Persons shall be liable for failure to demand, collect or
realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of any other Person or to take any other action whatsoever with regard to the Collateral
or any part thereof. The Collateral Agent shall be accountable only for amounts that it actually receives as a result of the exercise of such powers, and neither the Collateral Agent nor any of its officers, directors, employees or agents shall be
responsible for any act or failure to act hereunder, except for its own gross negligence or willful misconduct. 
 (i) The Collateral Agent
shall have no obligation whatsoever to the Trustee or any of the Holders to assure that the Collateral exists or is owned by the Company or any Subsidiary Guarantor or is cared for, protected, or insured or has been encumbered, or that the
Collateral Agent’s Liens have been properly or sufficiently or lawfully created, perfected, protected, maintained or enforced or are entitled to any particular priority, or to determine whether all or the Company’s and Subsidiary
Guarantors’ property constituting collateral intended to be subject to the Lien and security interest of the Security Documents has been properly and completely listed or delivered, as the case may be. The Collateral Agent does not assume any
responsibility for the genuineness, validity, marketability, enforceability, collectability, value, sufficiency, location or existence of any Collateral or title thereto, or the validity, effectiveness, enforceability, sufficiency, extent,
perfection or priority of any Lien therein; the validity, enforceability or collectability of any Obligations; the assets, liabilities, financial condition, results of operations, business, creditworthiness or legal status of any obligor; or for any
failure of any obligor to perform its Obligations under this Indenture, the Intercreditor Agreement, and the Security Documents. The Collateral Agent shall not be required to initiate or conduct any litigation or collection or other proceeding
under this Indenture, the Intercreditor Agreement, and the Security Documents or to exercise at all or in any particular manner or under any duty of care, disclosure, or fidelity, or to continue exercising, any of the rights, authorities, and
powers granted or available to the Collateral Agent pursuant to this Indenture, any Security Document or the Intercreditor Agreement, other than pursuant to the instructions of the Trustee or the Holders of a majority in aggregate principal amount
of the Notes (but then only to the extent such direction is accompanied by indemnity as provided for in this Section 1308). 
 (j) No
provision of this Indenture, the Intercreditor Agreement, or any Security Document shall require the Collateral Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or
thereunder or to take or omit to take any action hereunder or thereunder or take any action at the request or direction of Holders if it shall have received indemnity satisfactory to the Collateral Agent against potential costs and liabilities
incurred by the Collateral Agent relating thereto. Notwithstanding anything to the contrary contained in this Indenture, the Intercreditor Agreement, or the Security Documents, in the event the Collateral Agent is entitled or required to commence an
action to foreclose or otherwise exercise its remedies to acquire control or possession of the Collateral, the Collateral Agent shall not be required to commence any such action or exercise any remedy or to inspect or conduct any studies of any
property under the mortgages or take any such other action if the Collateral Agent has determined that the Collateral Agent may incur personal liability as a result of the presence at, or release on or from, the Collateral or such property, of any
hazardous substances unless the Collateral Agent has received security or indemnity from the Holders in an amount and in a form all satisfactory to the Collateral Agent in its sole discretion, protecting the Collateral Agent from all such liability.
The Collateral Agent shall at any time be entitled to cease taking any action described in this clause if it no longer reasonably deems any indemnity, security or undertaking from the Company or the Holders to be sufficient. 

(k) The Collateral Agent shall not be liable for delays or failures in performance resulting from acts beyond its control. Such acts shall
include but not be limited to acts of God, strikes, lockouts, riots, acts of war, epidemics, 

  
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governmental regulations superimposed after the fact, fire, communication line failures, computer viruses, power failures, earthquakes or other disasters. The Collateral Agent shall not be liable
for any indirect, special, punitive, incidental or consequential damages (included but not limited to lost profits) whatsoever, even if it has been informed of the likelihood thereof and regardless of the form of action. 

(l) Upon the receipt by the Collateral Agent of a written request of the Company in the form of an Officers’ Certificate (a
“Security Document Order”), the Collateral Agent is hereby authorized to execute and enter into, and shall execute and enter into, without the further consent of any Holder or the Trustee, any Security Document to be executed after the
Issue Date. Such Security Document Order shall (i) state that it is being delivered to the Collateral Agent pursuant to, and is a Security Document Order referred to in, this Section 1308(l), and (ii) instruct the Collateral Agent to
execute and enter into such Security Document. Any such execution of a Security Document shall be at the direction and expense of the Company, upon delivery to the Collateral Agent of an Officers’ Certificate and Opinion of Counsel stating that
all conditions precedent to the execution and delivery of the Security Document have been satisfied. The Holders, by their acceptance of the Notes, hereby authorize and direct the Collateral Agent to execute such Security Documents. 

(m) In each case that the Collateral Agent may or is required hereunder or under any other Note Document to take any action (an
“Action”), including without limitation to make any determination, to give consents, to exercise rights, powers or remedies, to release or sell Collateral or otherwise to act hereunder or under any other Note Document, the Collateral Agent
may seek direction from the Holders of a majority in aggregate principal amount of the then outstanding Notes. The Collateral Agent shall not be liable with respect to any Action taken or omitted to be taken by it in accordance with the direction
from the Holders of a majority in aggregate principal amount of the then outstanding Notes. If the Collateral Agent shall request direction from the Holders of a majority in aggregate principal amount of the then outstanding Notes with respect to
any Action, the Collateral Agent shall be entitled to refrain from such Action unless and until the Collateral Agent shall have received direction from the Holders of a majority in aggregate principal amount of the then outstanding Notes, and the
Collateral Agent shall not incur liability to any Person by reason of so refraining. 
 (n) Notwithstanding anything to the contrary in this
Indenture or any other Note Document, in no event shall the Collateral Agent be responsible for, or have any duty or obligation with respect to, the recording, filing, registering, perfection, protection or maintenance of the security interests or
Liens intended to be created by this Indenture or the other Note Documents (including without limitation the filing or continuation of any Uniform Commercial Code financing or continuation statements or similar documents or instruments), nor shall
the Collateral Agent be responsible for, and the Collateral Agent makes no representation regarding, the validity, effectiveness or priority of any of the Security Documents or the security interests or Liens intended to be created thereby. 

(o) Before the Collateral Agent acts or refrains from acting in each case at the request or direction of the Company or the Subsidiary
Guarantors, it may require an Officers’ Certificate and an Opinion of Counsel, which shall conform to the provisions of Section 202. The Collateral Agent shall not be liable for any action it takes or omits to take in good faith in
reliance on such certificate or opinion. 
 (p) The Company and Subsidiary Guarantors shall pay to the Collateral Agent such compensation,
reimburse the Collateral Agent for expenses and indemnify the Collateral Agent all as set forth in Section 707 hereof. 
 Section 1309. Reports
and Certificates Relating to Collateral 
 (a) To the extent applicable, the Company shall cause Trust Indenture Act § 313(b)(1),
relating to reports, and Trust Indenture Act § 314(d), relating to the release of property or securities subject to the Lien of the Security Documents, to be complied with. 

(b) Any release of Collateral permitted by Section 1305 shall be deemed not to impair the Liens under this Indenture and the Security
Agreement and the other Security Documents in contravention thereof. Any certificate or opinion required under Trust Indenture Act § 314(d) may be made by an officer or legal counsel, as applicable, of the Company except in cases where Trust
Indenture Act § 314(d) requires that such certificate or opinion be made by an independent Person, which Person shall be an independent engineer, appraiser or other expert selected by the Company. 

  
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 (c) Notwithstanding anything to the contrary in this Section 1309, the Company and the
Subsidiary Guarantors shall not be required to comply with all or any portion of Trust Indenture Act § 314(d) if they reasonably determine that under the terms of Trust Indenture Act § 314(d) or any interpretation or guidance as to the
meaning thereof of the SEC and its staff, including “no action” letters or exemptive orders, all or any portion of Trust Indenture Act § 314(d) is inapplicable to any release or series of releases of Collateral. Without limiting the
generality of the foregoing, each of the Company and the Subsidiary Guarantors may, subject to the other provisions of this Indenture, among other things, without any release or consent by the Trustee, the Collateral Agent or the Holders, conduct
ordinary course activities with respect to the Collateral, including, (i) selling or otherwise disposing of, in any transaction or series of related transactions, any property or assets that is or has become worn out, defective, obsolete or not
used or useful in the business of the Company and the Subsidiary Guarantors; (ii) abandoning, terminating, canceling, releasing or making alterations in or substitutions for any leases, contracts or other agreements or instruments;
(iii) surrendering or modifying any franchise, license or permit that it may hold or own or under which it may be operating; (iv) altering, repairing, replacing, changing the location or position of or adding to its structures, machinery,
systems, equipment, fixtures and appurtenances; (v) granting a license of any intellectual property; (vi) selling, transferring or otherwise disposing of inventory in the ordinary course of business; (vii) collecting accounts
receivable in the ordinary course of business; (viii) making cash payments (including for the repayment of Indebtedness or payment of interest) from cash that is at any time part of the Collateral in the ordinary course of business; and
(ix) abandoning any intellectual property that is no longer used or useful in the business of the Company and the Subsidiary Guarantors. 

(d) To the extent applicable, the Company will comply with the provisions of Trust Indenture Act § 314(b), relating to opinions of
counsel, except to the extent the Company reasonably determines such compliance is not required as set forth in the Trust Indenture Act or any other SEC regulation or any interpretation or guidance as to the meaning thereof of the SEC and its staff,
including “no action” letters or exemptive orders. 
 (e) For the avoidance of doubt, in the event the Company determines that
Trust Indenture Act § 314(d) is not applicable to a particular release of Collateral for which the Company is requesting the Collateral Agent to execute or release, then, together with the Opinion of Counsel and Officers’ Certificate
required under Section 1302 hereof, the Company shall certify to the Collateral Agent that it has made such determination. If the Company deems Trust Indenture Act § 314(d) to apply, then it shall comply with Trust Indenture Act §
314(d) at the time of the release request. 
 Section 1310. Security Documents and Collateral Requirements 

(a) To secure the full and punctual payment when due and the full and punctual performance of the Note Obligations, the Company and Subsidiary
Guarantors shall, on the Issue Date: 
  

	 	(1)	enter into the Security Agreement; 

  

	 	(2)	file, register or record all documents and instruments, including Uniform Commercial Code financing statements, required by applicable law or reasonably requested by the Trustee or the Collateral Agent to be filed,
registered or recorded to create the Liens intended to be created by the Security Documents and to perfect such Liens to the extent required by, and with the priority required by, the Security Documents or this Indenture (it being understood that
neither the Trustee nor the Collateral Agent has any duty to make any such request); and 

  

	 	(3)	enter into such Security Documents creating Liens securing the Note Obligations on all interests in assets and property owned by the Company and Subsidiary Guarantors (other than Excluded Collateral) that are subject to
any Lien securing the Priority Lien Obligations under the Senior Secured Credit Agreement. 

 (b) Notwithstanding anything to
the contrary set forth in clause (a) or elsewhere in this Indenture or any Security Document, (i) any mortgages (and any related Security Documents) required to be entered into pursuant to

  
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clause (a)(3) on the Issue Date with respect to Real Property securing the Note Obligations on the Issue Date shall be filed, registered or recorded as soon as commercially reasonable
following the Issue Date, but in no event later than 30 days following the Issue Date and (ii) any other Lien on Collateral required to be perfected on the Issue Date (other than to the extent perfection may be achieved by the filing of a
financing statement under the Uniform Commercial Code) shall be perfected as soon as commercially reasonable following the Issue Date, but in no event later than 30 days following the Issue Date. On or promptly after the date that all of the
mortgages referenced in (b)(i) of this Section 1310 are filed, registered or recorded, but in no event more than two Business Days after such date, the Company shall issue a press release regarding the filing, registering or recordation, as
applicable, of such mortgages. 
 (c) Each Holder, by accepting a Note, consents and agrees to the terms of the Security Documents entered
into on the Issue Date or from time to time thereafter (including the provisions providing for the possession, use, release and foreclosure of Collateral) as each may be amended from time to time in accordance with their terms and this Indenture,
the Security Documents and the Intercreditor Agreement. 
 (d) Each Holder, by accepting the Notes, is deemed to acknowledge that, as more
fully set forth in the Security Documents, the Collateral as now or hereafter constituted shall be for the benefit of all the Holders, the Collateral Agent, the Trustee and the other secured parties described in the Security Documents, and that the
Lien granted in the Security Documents relating to the Notes in respect of the Trustee, the Collateral Agent, the Holders and such other secured parties is subject to and qualified and limited in all respects by the Security Documents and actions
that may be taken thereunder. 
 Section 1311. Intercreditor Agreement. 

Notwithstanding anything herein to the contrary, (i) the liens and security interests granted to the Collateral Agent pursuant to this Indenture are
expressly subject and, to the extent set forth in the Intercreditor Agreement referred to below, subordinate to the liens and security interests granted in favor of the First Lien Secured Parties (as defined in such Intercreditor Agreement),
including liens and security interests granted to Bank of America, N.A., as administrative agent, pursuant to or in connection with the Fifth Amended and Restated Credit Agreement, dated on or about the date hereof, among the Company, the lenders
from time to time party thereto, Bank of America, N.A., as administrative agent, and the other parties thereto, as further amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time and (ii) the
exercise of any right or remedy by the Collateral Agent hereunder is subject to the limitations and provisions of the Intercreditor Agreement dated on or about the date hereof (as amended, restated, supplemented or otherwise modified from time to
time, the “Intercreditor Agreement”), among the Company, Bank of America, N.A., as first lien administrative agent, the Collateral Agent, as second lien collateral agent and the other parties thereto. In the event of any conflict between
the terms of the Intercreditor Agreement and the terms of this Indenture, the terms of the Intercreditor Agreement shall govern. 

ARTICLE 14 
 DEFEASANCE
AND COVENANT DEFEASANCE 
 Section 1401. Company’s Option to Effect Defeasance or Covenant Defeasance. 

The Company may elect, at its option at any time, to have Section 1402 or Section 1403 applied to the Notes or the other Note
Documents, upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to a Board Resolution delivered to the Trustee. 

Section 1402. Defeasance and Discharge. 

Upon the Company’s exercise of its option to have this Section 1402 applied to the Notes, the Company shall be deemed to have been
discharged from its obligations with respect to such Notes as provided in this Section 1402 on and after the date the conditions set forth in Section 1404 are satisfied (hereinafter called “Defeasance”). For this purpose, such
Defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such Notes and to have satisfied all its other obligations under such Notes and this Indenture insofar as the Notes are concerned
(and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), subject to the following, which shall survive until otherwise terminated or discharged hereunder: (1) the rights of Holders of such Notes
to receive, solely from the trust fund described in 

  
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Section 1404 and as more fully set forth in such Section 1404, payments in respect of the principal of and any premium and interest on such Notes when payments are due, (2) the
Company’s obligations with respect to such Notes under Sections 404, 405, 406, 1102, 1103 and 1104(a) and its obligations under Section 314(a) of the Trust Indenture Act, (3) the rights, powers, trusts, duties and immunities of
the Trustee hereunder and (4) this Article. If the Company exercises its defeasance option pursuant to this Section 1402, the Subsidiary Guarantees will terminate with respect to the Notes, the Liens on the Collateral will be released, and
payment of the Notes may not be accelerated pursuant to Section 602 because of an Event of Default. Subject to compliance with this Article, the Company may exercise its option (if any) to have this Section 1402 applied to any Notes
notwithstanding the prior exercise of its option (if any) to have Section 1403 applied to such Notes. 
 Section 1403. Covenant Defeasance.

 Upon the Company’s exercise of its option to have this Section 1403 applied to the Notes, (1) the Company shall be
released from its obligations under Section 901(3), Section 1107, Sections 1110 through 1118, inclusive; (2) the occurrence of any event specified in Sections 601(3) (with respect only to the obligation under
Section 901(3)), 601(4), 601(5), 601(6), 601(7) (with respect only to Significant Subsidiaries) or (8) (with respect only to Significant Subsidiaries), 601(9) and 601(10) shall be deemed not to be or to result in an Event of Default, and
(3) the Subsidiary Guarantees shall be automatically released and the Liens on the Collateral will be released, in each case with respect to such Notes as provided in this Section 1403 on and after the date the conditions set forth in
Section 1404 are satisfied (hereinafter called “Covenant Defeasance”). For this purpose, such Covenant Defeasance means that, with respect to such Notes, the Company may omit to comply with and shall have no liability in respect of
any term, condition or limitation set forth in any such specified Section, whether directly or indirectly by reason of any reference elsewhere herein to any such Section or Article or by reason of any reference in any such Section or Article to any
other provision herein or in any other document, but the remainder of this Indenture and such Notes shall be unaffected thereby. 
 Section 1404.
Conditions to Defeasance or Covenant Defeasance. 
 The following shall be the conditions to the application of Section 1402 or
Section 1403 to any Notes: 
  

	 	(4)	The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee which satisfies the requirements contemplated by Section 709 and agrees to comply with the provisions of
this Article applicable to it) as trust funds in trust for the purpose of making the following payments and specifically dedicated solely to the benefit of the Holders of such Notes, (A) money in an amount, or (B) U.S. Government
Obligations which through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment, money in an amount, or (C) a combination
thereof, in each case sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee
(or any such other qualifying trustee) to pay and discharge, the principal of and any premium and interest on such Notes on the Stated Maturities or Redemption Date, as applicable, in accordance with the terms of this Indenture and such Notes.

  

	 	(5)	In the event of an election to have Section 1402 apply to any Notes, the Company shall have delivered to the Trustee an Opinion of Counsel stating that (A) the Company has received from, or there has been
published by, the Internal Revenue Service a ruling or (B) since the date of this Indenture, there has been a change in the applicable Federal income tax law, in either case (A) or (B) to the effect that, and based thereon such
opinion shall confirm that, the Holders of such Notes will not recognize income, gain or loss for Federal income tax purposes as a result of the deposit, Defeasance and discharge to be effected with respect to such Notes and will be subject to
Federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit, Defeasance and discharge were not to occur. 

  

	 	(6)	In the event of an election to have Section 1403 apply to any Notes, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Notes will not recognize income,
gain or loss for Federal income tax purposes as a result of the deposit and Covenant Defeasance to be effected with respect to such Notes and will be subject to Federal income tax on the same amount, in the same manner and at the same times as would
be the case if such deposit and Covenant Defeasance were not to occur. 

  
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	 	(7)	The Company shall have delivered to the Trustee an Officers’ Certificate to the effect that the Notes, if then listed on any securities exchange, will not be delisted as a result of such deposit. 

 

	 	(8)	No Default with respect to such Notes shall have occurred and be continuing at the time of such deposit or, with regard to any such event specified in Sections 601(7) and (8), at any time on or prior to the 121st
day after the date of such deposit (it being understood that this condition shall not be deemed satisfied until after such 121st day), other than a Default resulting from the borrowing of funds to be applied to such deposit. 

 

	 	(9)	Such Defeasance or Covenant Defeasance shall not cause the Trustee to have a conflicting interest within the meaning of the Trust Indenture Act. 

 

	 	(10)	Such Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under, any other agreement or instrument (other than this Indenture) to which the Company is a party or by
which it is bound. 

  

	 	(11)	The Company shall have delivered to the Trustee an Opinion of Counsel to the effect that such deposit shall not cause either the Trustee or the trust so created to be subject to the Investment Company Act.

  

	 	(12)	The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent with respect to such Defeasance or Covenant Defeasance have been
complied with. 

 Section 1405. Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions.

 Subject to the provisions of the last paragraph of Section 1103, all money and U.S. Government Obligations (including the
proceeds thereof) deposited with the Trustee or other qualifying trustee (solely for purposes of this Section 1405 and Section 1406, the Trustee and any such other trustee are referred to collectively as the “Trustee”) pursuant
to Section 1404 in respect of any Notes shall be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any such Paying Agent (including the
Company acting as its own Paying Agent) as the Trustee may determine, to the Holders of such Notes, of all sums due and to become due thereon in respect of principal and any premium and interest, but money so held in trust need not be segregated
from other funds except to the extent required by law. 
 The Company shall pay and indemnify the Trustee against any tax, fee or other
charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to Section 1404 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of
the Holders of Outstanding Notes. 
 Anything in this Article to the contrary notwithstanding, the Trustee shall deliver or pay to the
Company from time to time upon Company Request any money or U.S. Government Obligations held by it as provided in Section 1404 with respect to any Notes which, in the opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect the Defeasance or Covenant Defeasance, as the case may be, with respect to such Notes.

 Section 1406. Reinstatement. 

If the Trustee or any Paying Agent is unable to apply any money in accordance with this Article with respect to any Notes by reason of any
order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the obligations under this Indenture and such Notes from which the Company has been discharged or released pursuant to
Section 1402 or 1403 shall be revived and reinstated as though no deposit had occurred pursuant to this Article with respect to such Notes, until such time as the Trustee or Paying Agent is permitted to apply all money held in trust pursuant to
Section 1405 with respect to such Notes in accordance with this Article; provided, however, that if the Company makes any payment of principal of or any premium or interest on any such Note following such reinstatement of its
obligations, the Company shall be subrogated to the rights (if any) of the Holders of such Notes to receive such payment from the money so held in trust. 

  
 90 

 ARTICLE 15 

[INTENTIONALLY DELETED] 

ARTICLE 16 
 SUBSIDIARY
GUARANTEES 
 Section 1601. Unconditional Guarantee. 

(a) For value received, each of the Subsidiary Guarantors hereby fully and unconditionally Guarantees to the Holders and to the Trustee
the due and punctual payment of the principal of, and premium, if any, and interest on the Notes and all other amounts due and payable under this Indenture, the Notes and the other Note Documents by the Company, when and as such principal, premium,
if any, and interest shall become due and payable, whether at the stated maturity or by declaration of acceleration, call for redemption or otherwise, according to the terms of the Notes and this Indenture, subject to the limitations set forth in
Section 1603. 
 (b) Failing payment when due of any amount guaranteed pursuant to its Subsidiary Guarantee, for whatever reason,
each of the Subsidiary Guarantors will be jointly and severally obligated to pay the same immediately. Each Subsidiary Guarantee hereunder is intended to be a general, unsecured, senior obligation of each of the Subsidiary Guarantors and will rank
pari passu in right of payment with all debt of such Subsidiary Guarantor that is not, by its terms, expressly subordinated in right of payment to the Subsidiary Guarantee. Each of the Subsidiary Guarantors hereby agrees that its obligations
hereunder shall be full, unconditional and absolute, irrespective of the validity, regularity or enforceability of the Notes, the Subsidiary Guarantee of any other Subsidiary Guarantor, this Indenture or any other Note Document, the absence of any
action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against the Company or any other Subsidiary Guarantor, or any action to enforce the same or
any other circumstances which might otherwise constitute a legal or equitable discharge or defense of the Subsidiary Guarantors. Each of the Subsidiary Guarantors hereby agrees that in the event of a default in payment of the principal of, or
premium, if any, or interest on the Notes, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise, legal proceedings may be instituted by the Trustee on behalf of the Holders or, subject to
Section 607, by the Holders, on the terms and conditions set forth in this Indenture, directly against such Subsidiary Guarantor to enforce its Subsidiary Guarantee without first proceeding against the Company or any other Subsidiary Guarantor.

 (c) The obligations of each of the Subsidiary Guarantors under this Article shall be as aforesaid full and unconditional and shall
not be impaired, modified, released or limited by any occurrence or condition whatsoever, including, without limitation, (A) any compromise, settlement, release, waiver, renewal, extension, indulgence or modification of, or any change in, any
of the obligations and liabilities of the Company or any of the other Subsidiary Guarantors contained in the Notes, this Indenture or any other Note Document, (B) any impairment, modification, release or limitation of the liability of the
Company, any of the other Subsidiary Guarantors or any of their estates in bankruptcy, or any remedy for the enforcement thereof, resulting from the operation of any present or future provision of any applicable Bankruptcy Law, or other statute or
from the decision of any court, (C) the assertion or exercise by the Company, any of the other Subsidiary Guarantors or the Trustee of any rights or remedies under the Notes, this Indenture or any other Note Document or their delay in or
failure to assert or exercise any such rights or remedies, (D) the assignment or the purported assignment of any property as security for the Notes, including all or any part of the rights of the Company or any of the other Subsidiary
Guarantors under this Indenture, (E) the extension of the time for payment by the Company or any of the other Subsidiary Guarantors of any payments or other sums or any part thereof owing or payable under any of the terms and provisions of the
Notes or this Indenture or of the time for performance by the Company or any of the other Subsidiary Guarantors of any other obligations under or arising out of any such terms and provisions or the extension or the renewal of any thereof,
(F) the modification or amendment (whether material or otherwise) of any duty, agreement or obligation of the Company or any of the other Subsidiary Guarantors set forth in this Indenture or any other Note Document, (G) the voluntary or
involuntary liquidation, dissolution, sale or other disposition of all or substantially all of the assets, marshaling of assets and liabilities, receivership, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization,
arrangement, composition or readjustment of, or other similar proceeding affecting, the Company or any of the other Subsidiary Guarantors or any of their respective assets, or the disaffirmance of the Notes, the Subsidiary Guarantee, this Indenture
or any other Note Document in any such proceeding, (H) the release 

  
 91 

 
or discharge of the Company or any of the other Subsidiary Guarantors from the performance or observance of any agreement, covenant, term or condition contained in any of such instruments by
operation of law, (I) the unenforceability of the Notes, this Indenture or any other Note Document or (J) any other circumstances (other than payment in full or discharge of all amounts guaranteed pursuant to the Subsidiary Guarantees)
which might otherwise constitute a legal or equitable discharge of a surety or guarantor. 
 (d) Each of the Subsidiary Guarantors
hereby (A) waives diligence, presentment, demand of payment, filing of claims with a court in the event of the merger, insolvency or bankruptcy of the Company or any of the Subsidiary Guarantors, and all demands whatsoever,
(B) acknowledges that any agreement, instrument or document evidencing its Subsidiary Guarantee may be transferred and that the benefit of its obligations hereunder shall extend to each holder of any agreement, instrument or document evidencing
the Subsidiary Guarantee without notice to it and (C) covenants that its Subsidiary Guarantee will not be discharged except by complete performance of the Subsidiary Guarantee. Each of the Subsidiary Guarantors further agrees that if at any
time all or any part of any payment theretofore applied by any Person to its Subsidiary Guarantee is, or must be, rescinded or returned for any reason whatsoever, including without limitation, the insolvency, bankruptcy or reorganization of the
Company or any of the Subsidiary Guarantors, the Subsidiary Guarantee shall, to the extent that such payment is or must be rescinded or returned, be deemed to have continued in existence notwithstanding such application, and the Subsidiary Guarantee
shall continue to be effective or be reinstated, as the case may be, as though such application had not been made. 
 (e) Each of the
Subsidiary Guarantors shall be subrogated to all rights of the Holders and the Trustee against the Company in respect of any amounts paid by such Subsidiary Guarantor pursuant to the provisions of this Indenture, provided, however,
that such Subsidiary Guarantor, shall not be entitled to enforce or to receive any payments arising out of, or based upon, such right of subrogation until all of the Notes and the Subsidiary Guarantees shall have been paid in full or discharged.

 Section 1602. Execution and Delivery of Notation of Subsidiary Guarantee. 

To further evidence its Subsidiary Guarantee set forth in Section 1601, each of the Subsidiary Guarantors hereby agrees that a notation
relating to such Subsidiary Guarantee, substantially in the form attached hereto as Annex B, shall be endorsed on each Note entitled to the benefits of the Subsidiary Guarantee authenticated and delivered by the Trustee and executed by either manual
or facsimile signature of an Officer of such Subsidiary Guarantor, or in the case of a Subsidiary Guarantor that is a limited partnership, an Officer of the general partner of each Subsidiary Guarantor. Each of the Subsidiary Guarantors hereby
agrees that the Subsidiary Guarantee set forth in Section 1601 shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation relating to its Subsidiary Guarantee. If any Officer of the Subsidiary
Guarantor, or in the case of a Subsidiary Guarantor that is a limited partnership, any Officer of the general partner of the Subsidiary Guarantor, whose signature is on this Indenture or a Note no longer holds that office at the time the Trustee
authenticates such Note or at any time thereafter, the Subsidiary Guarantee of such Note shall be valid nevertheless. The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the
Subsidiary Guarantees set forth in this Indenture on behalf of the Subsidiary Guarantors. 
 Section 1603. Limitation on Subsidiary Guarantors’
Liability. 
 Each Subsidiary Guarantor and by its acceptance hereof each Holder of a Note entitled to the benefits of the Subsidiary
Guarantee hereby confirm that it is the intention of all such parties that the guarantee by such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of any Federal or State law.
To effectuate the foregoing intention, the Holders of a Note entitled to the benefits of the Subsidiary Guarantees and the Subsidiary Guarantors hereby irrevocably agree that the obligations of each Subsidiary Guarantor under its Subsidiary
Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and to any collections from or payments made by or on behalf of any other Subsidiary Guarantor
in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee, result in the obligations of such Subsidiary Guarantor under the Subsidiary Guarantee not constituting a fraudulent conveyance or fraudulent transfer
under Federal or State law. 

  
 92 

 Section 1604. Release of Subsidiary Guarantors from Guarantee. 

(a) Notwithstanding any other provisions of this Indenture, the Subsidiary Guarantee of any Subsidiary Guarantor shall be released upon
the terms and subject to the conditions set forth in this Section 1604. The Subsidiary Guarantee of a Subsidiary Guarantor will be released automatically: 
  

	 	(1)	in connection with any sale or other disposition of all or substantially all of the properties or assets of that Subsidiary Guarantor, by way of merger, consolidation or otherwise, to a Person that is not (either before
or after giving effect to such transaction) the Company or a Restricted Subsidiary of the Company if the sale or other disposition as of the time of such disposition does not violate the Section 1115 provisions of this Indenture;

  

	 	(2)	in connection with any sale or other disposition of the Capital Stock of that Subsidiary Guarantor to a Person that is not (either before or after giving effect to such transaction) the Company or a Restricted
Subsidiary of the Company, if the sale or other disposition does not violate Section 1115 and the Subsidiary Guarantor ceases to be a Restricted Subsidiary of the Company as a result of the sale or other disposition; 

 

	 	(3)	if the Company designates such Subsidiary Guarantor to be an Unrestricted Subsidiary in accordance with the applicable provisions of this Indenture or the Subsidiary Guarantor otherwise becomes an Excluded Subsidiary;

  

	 	(4)	upon legal defeasance, covenant defeasance or satisfaction and discharge of this Indenture as provided in Article 14 and Article 5; 

  

	 	(5)	upon the liquidation or dissolution of such Subsidiary Guarantor provided no Default or Event of Default has occurred that is continuing; 

 

	 	(6)	at such time as such Subsidiary Guarantor ceases both (a) to Guarantee any other Indebtedness of the Company and any Indebtedness of any other Subsidiary Guarantor (except as a result of payment under any such
other Guarantee) and (b) to be an obligor with respect to any Indebtedness under any Credit Facility; or 

  

	 	(7)	upon such Subsidiary Guarantor consolidating with, merging into or transferring all of its properties or assets to the Company or another Subsidiary Guarantor, and as a result of, or in connection with, such transaction
such Subsidiary Guarantor dissolving or otherwise ceasing to exist. 

 (b) The Trustee shall execute an appropriate
instrument reasonably requested of it evidencing any release of a Subsidiary Guarantor from the Subsidiary Guarantee upon receipt of a Company Request accompanied by an Officers’ Certificate and an Opinion of Counsel the Subsidiary Guarantor is
entitled to such release in accordance with the provisions of this Indenture. 
 (c) Any Subsidiary Guarantor not released in
accordance with the provisions of this Indenture will remain liable for the full amount of principal of (and premium, if any, on) and interest on the Notes as provided in this Article Sixteen, subject to the limitations of Section 1603.

 Section 1605. Subsidiary Guarantor Contribution. 

In order to provide for just and equitable contribution among the Subsidiary Guarantors, the Subsidiary Guarantors hereby agree, inter se, that
in the event any payment or distribution is made by any Subsidiary Guarantor (a “Funding Guarantor”) under its Subsidiary Guarantee, such Funding Guarantor shall be entitled to a contribution from each other Subsidiary Guarantor (if any)
in a pro rata amount based on the net assets of each Subsidiary Guarantor (including the Funding Guarantor) for all payments, damages and expenses incurred by that Funding Guarantor in discharging the Company’s Obligations with respect to the
Notes or any other Subsidiary Guarantor’s obligations with respect to its Subsidiary Guarantee. 
 [Signature Page Follows] 

  
 93 

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

			
	STONE ENERGY CORPORATION
		
	By:	 	 /s/ Kenneth H. Beer

	Name:	 	Kenneth H. Beer
	Title:	 	Executive Vice President and Chief Financial Officer
	
	STONE ENERGY OFFSHORE, L.L.C.,
		
	By:	 	 /s/ Kenneth H. Beer

	Name:	 	Kenneth H. Beer
	Title:	 	Executive Vice President and Chief Financial Officer
	
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., not in its individual capacity, but solely as Trustee
		
	By:	 	 /s/ R. Tarnas

	Name:	 	R. Tarnas
	Title:	 	Vice President
	
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., not in its individual capacity, but solely as Collateral Agent
		
	By:	 	 /s/ R. Tarnas

	Name:	 	R. Tarnas
	Title:	 	Vice President

 ANNEX A 

CUSIP 861642 AQ9 
 ISIN US861642AQ90

 [Form of Face of Note] 
 [If
a Global Note, insert the Global Note Legend.] 
 STONE ENERGY CORPORATION 

7.500% Senior Secured Note due 2022 
  

					
	
No.                   
 
	  	$	            	

 Stone Energy Corporation, a corporation duly organized and existing under the laws of the State of Delaware
(herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
                    , or registered assigns, the principal sum of          Dollars on
May 31, 2022 [ if this Note is a Global Note, insert – or such greater or lesser amount as may be indicated on the Schedule of Exchanges of Interests in the Global Note attached hereto,] to pay interest thereon from
February 28, 2017 or, if interest has already been paid, from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on May 31 and November 30 in each year, commencing
November 30, 2017, at the rate of 7.500% per annum, until the principal hereof is paid or made available for payment, and to pay interest on any overdue principal hereof or installment of interest hereon at the same rate, to the extent
lawful, from the dates such amounts are due until they are paid or made available for payment, and such interest shall be payable on demand. 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 Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest, which shall be the May 5 or November 5
(whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. 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 Note (or one or more Predecessor Notes) 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 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 any securities exchange on which the Notes may be listed, and upon such notice
as may be required by such exchange, all as more fully provided in said Indenture. 
 Payment of the principal of (and premium, if any) and
any such interest on this Note will be made at the office or agency of the Company maintained for that purpose in Houston, Texas, [ if this Note is a Global Note, insert – in immediately available funds] 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; provided, however, that, unless this Note is a Global Note, at the option of the Company payment of interest may be made by
check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. 
 Reference is hereby
made to the further provisions of this 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 manually signed in the name of the Trustee referred to on the reverse hereof by an
authorized signatory, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 A-1 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed by its undersigned
officer. 
  

			
	STONE ENERGY CORPORATION
		
	By:	 	                                    
                                        
                   

 Trustee’s Certificate of Authentication 

This is one of the 7.500% Senior Secured Notes due 2022 referred to in the within-mentioned Indenture. 

 

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	  

		 	Authorized Signatory

 Dated:
                     

  
 A-2 

 [Form of Reverse of Note] 

This Note is one of a duly authorized series of senior notes of the Company (herein called the “Note”), issued under an Indenture
(herein called the “Indenture”) dated as of February 28, 2017, among the Company, having its principal office at 625 East Kaliste Saloom Road, Lafayette, Louisiana 70508, Stone Energy Offshore, L.L.C., a Delaware limited liability
company and subsidiary of the Company, and The Bank of New York Mellon Trust Company, N.A., not in its individual capacity but solely as trustee (herein called the “Trustee”) and collateral agent (herein called the “Collateral
Agent”) and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Subsidiary Guarantors, the Trustee, the Collateral Agent and the Holders
of the Notes and of the terms upon which the Notes are, and are to be, authenticated and delivered. This Note is one of the series designated on the face hereof, [initially] limited in aggregate principal amount to $225.0 million. 

On and after May 31, 2020, the Company may redeem all or, from time to time, a part of the Notes, at the following Redemption Prices
(expressed as a percentage of principal amount of the Notes) plus accrued and unpaid interest on the Notes, if any, to the applicable Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on
the relevant Interest Payment Date), if redeemed during the twelve-month period beginning on May 31 of the years indicated below: 
  

					
	Year	  	Percentage	 
	 2020
	  	 	105.625	% 
	 2021
	  	 	105.625	% 
	 2022 and thereafter
	  	 	100.000	% 

 Prior to May 31,2020, the Company may, at its option, on any one or more occasions redeem up to 35% of
the aggregate principal amount of the Notes (including any Additional Notes) issued under the Indenture with an amount of cash equal to the Net Cash Proceeds of one or more Equity Offerings at a Redemption Price of 107.500% of the principal amount
thereof, plus accrued and unpaid interest, if any, to the Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date); provided that 

 

	 	(1)	at least 65% of the original principal amount of the Notes issued on the Issue Date remains outstanding after each such redemption; and 

 

	 	(2)	the redemption occurs within 180 days after the closing of the related Equity Offering. 

In addition, the Notes may be redeemed, in whole or in part, at any time prior to May 31, 2020, at the option of the Company upon notice
as provided in the Indenture at a Redemption Price equal to 100% of the principal amount of the Notes redeemed plus the Applicable Premium, and accrued and unpaid interest to, the applicable Redemption Date (subject to the right of holders of record
on the relevant record date to receive interest due on the relevant Interest Payment Date). 
 “Applicable Premium” means, with respect to any
Note at the time of computation, the greater of: 
  

	 	(1)	1.0% of the principal amount of such Note; or 

  

	 	(2)	the excess, if any, of: 

  

	 	a.	the present value at such time of (i) the redemption price of such Note at May 31, 2020 (such redemption price being set forth in the table appearing above) plus (ii) all required interest payments
(excluding accrued and unpaid interest to the redemption date) due on such Note through May 31, 2020 computed using a discount rate equal to the Treasury Rate as of such time plus 50 basis points; over 

 

	 	b.	the principal amount of such Note. 

 “Treasury Rate” means, in respect of any
redemption date, the yield to maturity at the time of computation of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) which has become
publicly available at least two Business Days prior to such 

  
 A-3 

 
time (or, if such Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the redemption date to May 31, 2020;
provided, however, that if the period from the redemption date to May 31, 2020 is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear
interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the redemption date to May 31, 2020 is less than
one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used. The Company will (a) calculate the Treasury Rate as of the second Business Day preceding the
applicable redemption date (or, in the case of any redemption in connection with a legal or covenant defeasance of the Notes or a satisfaction and discharge of the Indenture, on the second Business Day preceding such event) and (b) prior to
such redemption date (or such event, as applicable) file with the Trustee an Officers’ Certificate setting forth the Applicable Premium and the Treasury Rate and showing the calculation of each in reasonable detail. 

The Notes may also be redeemed, as a whole, following certain Change of Control Offers, at the Redemption Price and subject to the conditions
set forth in Section 1110 of the Indenture. 
 Notice of redemption shall be given by first-class mail, postage prepaid, (or sent
electronically if the Depositary is the recipient) mailed not less than 30 nor more than 60 days prior to the Redemption Date, to each Holder of this Note to be redeemed, at its address appearing in the Security Register, provided that a
notice of redemption may be mailed more than 60 days prior to the Redemption Date if such notice is issued in connection with any Covenant Defeasance, Legal Defeasance or satisfaction and discharge of the Note as provided under Article 5 or
Article 14 of the Indenture. 
 In the event of redemption of this Note in part only, a new Note or Notes of like tenor for the
unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 The Indenture contains provisions
for defeasance at any time of the entire indebtedness of this Note as well as certain restrictive covenants and Events of Default with respect to this Note, in each case upon compliance with certain conditions set forth in the Indenture. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Notes to be affected under the Indenture at any time by the Company, the Subsidiary Guarantors and the Trustee with the consent of the Holders of a majority in principal amount of the Notes at the
time Outstanding to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Notes at the time Outstanding, on behalf of the Holders of all Notes, to waive compliance by the
Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders
of this Note and of any 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 Note. 

If an Event of Default with respect to the Notes shall occur and be continuing, the Notes may be declared (or shall automatically become) due
and payable in the manner and with the effect provided in the Indenture. 
 As provided in and subject to the provisions of the Indenture,
the Holder of this 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 Notes, the Holders of not less than 25% in principal amount of the Notes at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect
of such Event of Default as Trustee and offered the Trustee reasonable security or indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount of Notes at the time Outstanding a direction inconsistent with
such request (and such Holders shall not have waived such Event of Default), and the Trustee shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of security or indemnity. The foregoing
shall not apply to any suit instituted by the Holder of this 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 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 Note at the times, place and rate, and in the coin or currency, herein prescribed. 

  
 A-4 

 As provided in the Indenture and subject to certain limitations therein set forth, the transfer
of this Note is registrable in the Security Register, upon surrender of this Note for registration of transfer at the office of the Security Registrar, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the
Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes of like tenor, of authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees. 
 The Notes are issuable only in registered form without coupons in denominations of
$2,000 and any integral multiple of $1.00 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Notes are exchangeable for a like aggregate principal amount of Notes 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 or the Trustee may require payment of a sum sufficient to cover any transfer tax or other governmental taxes and fees required by law or permitted by the Indenture. 

Prior to due presentment of this Note for registration of transfer, the Company, the Subsidiary Guarantors, the Trustee and any agent of the
Company, the Subsidiary Guarantors or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and neither the Company, the Subsidiary Guarantors, the Trustee
nor any such agent shall be affected by notice to the contrary. 
 No director, officer, employee, incorporator, stockholder, member,
partner or trustee of the Company or any Subsidiary Guarantor, as such, shall have any liability for any obligations of the Company or any Subsidiary Guarantor under the Notes, the Indenture or the Subsidiary Guarantees or for any claim based on, in
respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

All terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

The Notes, the Subsidiary Guarantees and the Indenture shall be governed by and construed in accordance with the laws of the State of New
York. 

  
 A-5 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

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

		 		  	(Insert assignee’s legal name)

  
  

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

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

			
	and irrevocably appoint	 	  

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

  

									
	Date: 	 	                    	 		 		 	
					
		 		 		 	Your Signature:	 	  

 

									
		 		 		 	(Sign exactly as your name appears on the face of this Note)
				
	Signature Guarantee:*	 	  
	 		 	

  

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

  
 A-6 

 Option of Holder to Elect Purchase 

If you want to elect to have this Note purchased by the Company pursuant to Section 1110 or Section 1115 of this Indenture, check
the appropriate box below: 
  

			
	☐  Section 1110	  	☐  Section 1115

 If you want to elect to have only part of the Note purchased by the Company pursuant to Section 1110 or
Section 1115 of this Indenture, state the amount you elect to have purchased: 

$         
  

									
	Date: 	 	                    	 		 		 	
					
		 		 		 	Your Signature:	 	  

					
		 		 		 		 	(Sign exactly as your name appears on the face of this Note)
					
		 		 		 	Tax Identification No.:	 	  

 

									
	Signature Guarantee:*	 	  
	 		 		 	

  

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

  
 A-7 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

The following exchanges of a part of this Global Note for other Notes have been made: 

 

									
	 Date of

Exchange
	 	 Amount of

decrease in

Principal Amount

of this Global Note
	 	 Amount of increase

in Principal Amount
 of this
Global Note
	 	 Principal Amount of this

Global Note following
 such decrease
(or
 increase)
	 	 Signature of

authorized signatory
 of Trustee
or
 Custodian

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  

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

  
 A-8 

 ANNEX B 

NOTATION OF SUBSIDIARY GUARANTEE 

Each of the Subsidiary Guarantors (which term includes any successor Person under the Indenture (as defined below)), has fully and
unconditionally guaranteed, to the extent set forth in Article Sixteen of the Indenture dated as of February 28, 2017, by and among Stone Energy Corporation, as issuer, the Subsidiary Guarantors and The Bank of New York Mellon Trust Company,
N.A., as Trustee (the “Indenture”), and subject to the provisions in the Indenture, the due and punctual payment of the principal of, and premium, if any, and interest on the Notes and all other amounts due and payable under the Indenture
and the Notes by the Company. 
 The obligations of the Subsidiary Guarantors to the Holders of Notes and to the Trustee pursuant to the
Subsidiary Guarantee and the Indenture are expressly set forth in Article Sixteen of the Indenture and reference is hereby made to the Indenture for the precise terms of the Subsidiary Guarantee and the conditions upon which it may be released. 

IN WITNESS WHEREOF, each of the Subsidiary Guarantors has caused this Subsidiary Guarantee to be duly executed. 

 

			
	[Name of Subsidiary Guarantor(s)]
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 B-1 

 ANNEX C 

FORM OF SUPPLEMENTAL INDENTURE 

TO BE DELIVERED BY FUTURE SUBSIDIARY GUARANTORS 

This SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
            , 20    , among [Name of Future Subsidiary Guarantor(s)] (the “New Subsidiary Guarantor”), a direct or indirect subsidiary of
Stone Energy Corporation, a Delaware corporation [or its permitted successor] (the “ Company”), the existing Subsidiary Guarantors (as defined in the Indenture referred to herein) and The Bank of New York Mellon Trust Company, N.A.,
not in its individual capacity but solely as Trustee and Collateral Agent. The New Subsidiary Guarantor and the existing Subsidiary Guarantors are sometimes referred to collectively herein as the “Subsidiary Guarantors”, or individually as
a “Subsidiary Guarantor.” 
 W I T N E S S E T H 

WHEREAS, the Company and the existing Subsidiary Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of
February 28, 2017, relating to the 7.500% Senior Secured Notes due 2022 (the “Notes”) of the Company; 
 WHEREAS,
Section 1117 of the Indenture obligates the Company to cause certain Restricted Subsidiaries to become Subsidiary Guarantors by executing a supplemental indenture as provided in such Section 1117; and 

WHEREAS, pursuant to Section 1001 of the Indenture, the Company, the Subsidiary Guarantors and the Trustee are authorized to execute and
deliver this Supplemental Indenture to amend or supplement the Indenture without the consent of any Holder; 
 NOW THEREFORE, to comply with
the provisions of the Indenture and in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the New Subsidiary Guarantor, the other Subsidiary Guarantors, the Company and the
Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 
 1. CAPITALIZED TERMS.
Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 
 2. AGREEMENT TO
GUARANTEE. The New Subsidiary Guarantor hereby agrees, jointly and severally, with all other Subsidiary Guarantors, to fully and unconditionally Guarantee to each Holder and to the Trustee the Obligations, to the extent set forth in
Article Sixteen of the Indenture and subject to the provisions thereof. The obligations of the Subsidiary Guarantors to the Holders of Notes and to the Trustee pursuant to the Subsidiary Guarantees, the Indenture and the other Note Documents
are expressly set forth in Article Sixteen of the Indenture and reference is hereby made to such Article for the precise terms of the Subsidiary Guarantees. 

3. NEW YORK LAW TO GOVERN. THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE AND ENFORCE THIS SUPPLEMENTAL
INDENTURE. 
 4. COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an
original, but all of them together represent the same agreement. This Supplemental Indenture may be executed in multiple counterparts which, when taken together, shall constitute one instrument. 

5. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof. 

6. RECITALS AND THE EFFECT OF THIS SUPPLEMENTAL INDENTURE. The recitals contained herein shall be taken as statements of New Subsidiary
Guarantor, the Company and the existing Subsidiary Guarantors, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture. Except as
specifically supplemented above, the Indenture, the Notes, the Subsidiary Guarantees and the other Note Documents are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. 

  
 C-1 

 7. THE TRUSTEE. This Supplemental Indenture is executed and accepted by the Trustee subject
to all the terms and conditions set forth in the Indenture with the same force and effect as if those terms and conditions were repeated at length herein and made applicable to the Trustee with respect hereto. 

[Signature Page Follows.] 

  
 C-2 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed and
attested, all as of the date first above written. 
 Dated:             ,
20     
  

			
	[NEW SUBSIDIARY GUARANTOR]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	[OTHER SUBSIDIARY GUARANTORS]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	STONE ENERGY CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., not in its individual capacity but solely as Trustee
		
	By:	 	  

		 	Authorized Signatory
	
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. not in its individual capacity but solely as Collateral Agent
		
	By:	 	  

		 	Authorized Signatory

  
 C-3

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