Document:

EX-10.1

 Exhibit 10.1 
 CLASS C PREFERRED UNIT PURCHASE AGREEMENT 
 BY AND AMONG 

ATLAS RESOURCE PARTNERS, L.P. 
 AND 
 ATLAS ENERGY, L.P. 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	 Article I DEFINITIONS
	  	 	1	  
			
	 Section 1.01
	  	 Definitions
	  	 	1	  
	 Section 1.02
	  	 Accounting Procedures and Interpretation
	  	 	5	  
		
	 Article II SALE AND PURCHASE
	  	 	5	  
			
	 Section 2.01
	  	 Sale and Purchase
	  	 	5	  
	 Section 2.02
	  	 Reserved
	  	 	5	  
	 Section 2.03
	  	 Purchased Units
	  	 	5	  
	 Section 2.04
	  	 Consideration
	  	 	6	  
	 Section 2.05
	  	 Funding into Escrow
	  	 	6	  
	 Section 2.06
	  	 Closing
	  	 	6	  
		
	 Article III REPRESENTATIONS AND WARRANTIES OF ATLAS
	  	 	7	  
			
	 Section 3.01
	  	 Existence
	  	 	7	  
	 Section 3.02
	  	 Capitalization and Valid Issuance of Purchased Units
	  	 	7	  
	 Section 3.03
	  	 Atlas SEC Documents
	  	 	8	  
	 Section 3.04
	  	 No Material Adverse Change
	  	 	9	  
	 Section 3.05
	  	 No Breach
	  	 	9	  
	 Section 3.06
	  	 Authority
	  	 	9	  
	 Section 3.07
	  	 Compliance with Laws
	  	 	10	  
	 Section 3.08
	  	 Approvals
	  	 	10	  
	 Section 3.09
	  	 Investment Company Status
	  	 	10	  
	 Section 3.10
	  	 Offering
	  	 	10	  
	 Section 3.11
	  	 Certain Fees
	  	 	10	  
	 Section 3.12
	  	 Registration Rights
	  	 	10	  
		
	 Article IV REPRESENTATIONS AND WARRANTIES OF EACH PURCHASER
	  	 	11	  
			
	 Section 4.01
	  	 Valid Existence
	  	 	11	  
	 Section 4.02
	  	 No Breach
	  	 	11	  
	 Section 4.03
	  	 Investment
	  	 	11	  
	 Section 4.04
	  	 Nature of Purchaser
	  	 	12	  
	 Section 4.05
	  	 Receipt of Information; Authorization
	  	 	12	  
	 Section 4.06
	  	 Restricted Securities
	  	 	12	  
	 Section 4.07
	  	 Certain Fees
	  	 	12	  
	 Section 4.08
	  	 Legend
	  	 	12	  
	 Section 4.09
	  	 Short Selling
	  	 	13	  
	 Section 4.10
	  	 Receipt of Information
	  	 	13	  
		
	 Article V COVENANTS
	  	 	13	  
			
	 Section 5.01
	  	 Anti-dilution Protection
	  	 	13	  
	 Section 5.02
	  	 Reserved
	  	 	13	  
	 Section 5.03
	  	 Taking of Necessary Action
	  	 	13	  

  
 i 

							
	 Section 5.04
	  	 Public Filings
	  	 	13	  
	 Section 5.05
	  	 Use of Proceeds
	  	 	13	  
	 Section 5.06
	  	 Tax Information
	  	 	14	  
	 Section 5.07
	  	 NYSE Listing of Common Units
	  	 	14	  
	 Section 5.07
	  	 Adoption of Certificate of Designation
	  	 	14	  
		
	 Article VI CLOSING CONDITIONS
	  	 	14	  
			
	 Section 6.01
	  	 Conditions to the Closing
	  	 	14	  
	 Section 6.02
	  	 Atlas Deliveries
	  	 	15	  
	 Section 6.03
	  	 Purchaser Deliveries
	  	 	16	  
		
	 Article VII INDEMNIFICATION, COSTS AND EXPENSES
	  	 	16	  
			
	 Section 7.01
	  	 Indemnification by Atlas
	  	 	16	  
	 Section 7.02
	  	 Indemnification by Purchasers
	  	 	16	  
	 Section 7.03
	  	 Indemnification Procedure
	  	 	17	  
		
	 Article VIII MISCELLANEOUS
	  	 	18	  
			
	 Section 8.01
	  	 Interpretation
	  	 	18	  
	 Section 8.02
	  	 Survival of Provisions
	  	 	18	  
	 Section 8.03
	  	 No Waiver; Modifications in Writing
	  	 	18	  
	 Section 8.04
	  	 Binding Effect; Assignment
	  	 	19	  
	 Section 8.05
	  	 Aggregation of Purchased Units
	  	 	19	  
	 Section 8.06
	  	 Communications
	  	 	19	  
	 Section 8.07
	  	 Removal of Legend
	  	 	19	  
	 Section 8.08
	  	 Entire Agreement
	  	 	20	  
	 Section 8.09
	  	 Governing Law
	  	 	20	  
	 Section 8.10
	  	 Execution in Counterparts
	  	 	20	  
	 Section 8.11
	  	 Termination
	  	 	20	  
	 Section 8.12
	  	 Recapitalization, Exchanges, Etc. Affecting the Purchased Common Units
	  	 	21	  
	 Section 8.13
	  	 Obligations Limited to Parties to Agreement
	  	 	21	  

  
 ii 

 Schedules and Exhibits 

 

					
	Schedule 2.01 – Commitment Amount
		
	Exhibit A -	  	Form of Atlas Resource Partners, L.P. Officer’s Certificate
		
	Exhibit B -	  	Form of Certificate of Designation of Class C Units
		
	Exhibit C -	  	Form of Common Unit Purchase Warrant

  
 iii

 CLASS C PREFERRED UNIT PURCHASE AGREEMENT 

This CLASS C PREFERRED UNIT PURCHASE AGREEMENT, is entered into as of June 9, 2013 (this “Agreement”), by and among
ATLAS RESOURCE PARTNERS, L.P., a Delaware limited partnership (“Atlas”), and Atlas Energy, L.P., a Delaware limited partnership (“Purchaser”). 

WHEREAS, simultaneously with the execution of this Agreement, Atlas is entering into a definitive purchase and sale agreement to acquire
certain assets and entities from EP Energy E&P Company, L.P. and EPE Nominee Corp., and Atlas and Purchaser are entering into an assignment and assumption agreement to assign certain of Atlas’ rights and obligations under the Acquisition
Agreement to Purchaser (together, the “Acquisition”); 
 WHEREAS, Atlas desires to finance a portion of the
Acquisition through the sale of Class C Units (defined below), and the Purchaser desires to purchase Class C Units from Atlas, each in accordance with the provisions of this Agreement; 

WHEREAS, it is a condition to the obligations of the Purchaser and Atlas under this Agreement that the Acquisition be expected to be
consummated substantially concurrently with the issuance of the Class C Units; 
 WHEREAS, Atlas has agreed to issue certain
Warrants (defined below) to Purchaser, in accordance with the provisions of this Agreement; and 
 WHEREAS, Atlas has agreed to
provide the Purchaser with registration rights with respect to the Purchased Units (defined below) acquired pursuant to this Agreement and the Common Units underlying the Warrants. 

NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Atlas and Purchaser hereby agree as follows: 
 ARTICLE I

 ARTICLE II 
 ARTICLE III  
 DEFINITIONS 

Section 3.01 Definitions 
 As used in this Agreement, and unless the context requires a different meaning, the following terms have the meanings indicated: 
 “Acquisition” shall have the meaning specified in the recitals. 

“Acquisition Agreement” means that certain Purchase and Sale Agreement dated as of the date hereof, among Atlas, EP
Energy E&P Company, L.P. and EPE Nominee Corp. 

 “Acquisition Closing Date” means the date on which the Acquisition is
consummated. 
 “Action” against a Person means any lawsuit, action, proceeding, investigation or complaint
before any Governmental Authority, mediator or arbitrator. 
 “Affiliate” means, with respect to a specified
Person, any other Person, whether now in existence or hereafter created, directly or indirectly controlling, controlled by or under direct or indirect common control with such specified Person. For purposes of this definition, “control”
(including, with correlative meanings, “controlling”, “controlled by” and “under common control with”) means the power to direct or cause the direction of the management and policies of such Person, directly or
indirectly, whether through the ownership of voting securities, by contract or otherwise. 
 “Agreement” shall
have the meaning specified in the introductory paragraph. 
 “Assignment Agreement” means that certain Assignment
and Assumption Agreement dated as of the date hereof, between Atlas and Purchaser. 
 “Atlas” shall have
the meaning specified in the introductory paragraph. 
 “Atlas Financial Statements” shall have the meaning
specified in Section 5.03. 
 “Atlas Related Parties” shall have the meaning specified in
Section 7.02. 
 “Atlas SEC Documents” shall have the meaning specified in Section 5.03. 

“Basic Documents” means, collectively, the Escrow Agreement, this Agreement, the Common Unit Purchase Warrant, the
Registration Rights Agreement, the Acquisition Agreement, the Assignment Agreement and any and all other agreements or instruments executed and delivered by the Parties to evidence the execution, delivery and performance of this Agreement, and any
amendments, supplements, continuations or modifications thereto. 
 “Business Day” means any day other than a
Saturday, a Sunday, or a legal holiday for commercial banks in New York, New York. 
 “Certificate of
Designation” means the Certificate of Designation of the powers, preferences and relative, participating, optional, and other special rights and qualifications, limitations and restrictions thereof of Class C Preferred Units of Atlas
Resource Partners, L.P., a form of which is attached hereto as Exhibit B. 
 “Class C Units” means the
convertible Class C preferred limited partnership units of Atlas having the rights, preferences and designations set forth in the Certificate of Designation. 
 “Class C Unit Price” shall have the meaning specified in Section 4.04. 
 “Closing” shall have the meaning specified in Section 2.06. 

“Closing Date” shall have the meaning specified in 2.06. 

  
 2 

 “Code” means the Internal Revenue Code of 1986, as amended from time to
time. 
 “Commission” means the United States Securities and Exchange Commission. 

“Commitment Amount” means the dollar amount set forth on Schedule 2.01 to this Agreement under the heading
“Purchaser’s Allocated Purchase Price.” 
 “Common Unit Purchase Warrant” means a warrant to
purchase Common Units of Atlas, a form of which is attached hereto as Exhibit C. 
 “Common Units” means
the Common Units of Atlas representing limited partner interests having the rights, preferences and designations set forth in the Limited Partnership Agreement. 
 “Delaware LP Act” means the Delaware Revised Uniform Limited Partnership Act, as amended from time to time. 
 “Escrow Agreement” means the escrow agreement to be entered into no less than five (5) days prior to the Closing Date (or such other period of time reasonably acceptable to the
Purchaser) among Atlas, the Purchaser and an escrow agent, which shall contain reasonable and customary terms to be approved by Atlas and the Purchaser. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and the rules and regulations of the Commission promulgated thereunder. 

“GAAP” means generally accepted accounting principles in the United States of America in effect from time to time.

 “Governmental Authority” shall include the country, state, county, city and political subdivisions in which
any Person or such Person’s Property is located or that exercises valid jurisdiction over any such Person or such Person’s Property, and any court, agency, department, commission, board, bureau or instrumentality of any of them and any
monetary authorities that exercise valid jurisdiction over any such Person or such Person’s Property. Unless otherwise specified, all references to Governmental Authority herein shall mean a Governmental Authority having jurisdiction over,
where applicable, Atlas, its Subsidiaries or any of their Property or of the Purchaser. 
 “HSR Act” means the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the rules and regulations promulgated thereunder. 

“Indemnified Party” shall have the meaning specified in Section 7.03. 

“Indemnifying Party” shall have the meaning specified in Section 7.03. 

“Law” means any federal, state, local or foreign order, writ, injunction, judgment, settlement, award, decree, statute,
law, rule or regulation. 

  
 3 

 “Lien” means any interest in Property securing an obligation owed to, or a
claim by, a Person other than the owner of the Property, whether such interest is based on the common law, statute or contract, and whether such obligation or claim is fixed or contingent, and including the lien or security interest arising from a
mortgage, encumbrance, pledge, security agreement, conditional sale or trust receipt or a lease, consignment or bailment for security purposes. 
 “Limited Partnership Agreement” shall have the meaning specified in Section 4.03. 
 “Net Proceeds” means the aggregate amount delivered for the Purchased Units as set forth on Schedule 2.01, less any expenses incurred by Atlas in connection with the Basic Documents.

 “Party” or “Parties” means Atlas and the Purchaser, individually or collectively, as the
case may be. 
 “Person” means any individual, corporation, company, voluntary association, partnership, joint
venture, trust, limited liability company, unincorporated organization or government or any agency, instrumentality or political subdivision thereof, or any other form of entity. “Property” means any interest in any kind of property
or asset, whether real, personal or mixed, or tangible or intangible. 
 “Purchased Securities” means the
Purchased Units, the Warrants and the Common Units underlying the Purchased Units and the Warrants. 
 “Purchased
Units” means the Class C Units to be issued and sold to the Purchaser pursuant to this Agreement. 

“Purchaser” shall have the meaning specified in the introductory paragraph. 

“Purchaser Material Adverse Effect” means any material and adverse effect on (i) the ability of a Purchaser to meet
its obligations under this Agreement or the Registration Rights Agreement on a timely basis or (ii) the ability of a Purchaser to consummate the transactions under this Agreement or the Registration Rights Agreement. 

“Purchaser Related Parties” shall have the meaning specified in Section 9.01. 

“Qualified Equity Offering” shall have the meaning specified in Section 2.07. 

“Qualified Offering Notice” shall have the meaning specified in Section 2.07. 

“Registration Rights Agreement” means the registration rights agreement to be entered into at or before Closing between
Atlas and the Purchaser, which shall contain reasonable and customary terms to be approved by Atlas and the Purchaser. 

“Representatives” of any Person means the officers, managers, directors, employees, agents, affiliates, control persons,
counsel, investment bankers and other representatives of such Person. 

  
 4 

 “Securities Act” means the Securities Act of 1933, as amended from time to
time, and the rules and regulations of the Commission promulgated thereunder. 
 “Short Sales” means, without
limitation, all “short sales” as defined in Rule 200 promulgated under Regulation SHO under the Exchange Act, whether or not against the box, and forward sale contracts, options, puts, calls, short sales, “put equivalent
positions” (as defined in Rule 16a-1(h) under the Exchange Act) and similar arrangements, and sales and other transactions through non-U.S. broker dealers or foreign regulated brokers. 

“Subsidiary” means, as to any Person, any corporation or other entity, of which a majority of the outstanding equity
interests having by the terms thereof ordinary voting power to elect a majority of the board of directors of such corporation or other entity (irrespective of whether or not at the time any equity interest of any other class or classes of such
corporation or other entity shall have or might have voting power by reason of the happening of any contingency), is at the time, directly or indirectly, owned or controlled by such Person or one or more of its Subsidiaries. 

“Terminating Breach” shall have the meaning specified in Section 10.11(a). 

“Warrant” shall have the meaning specified in Section 2.01. 

Section 3.02 Accounting Procedures and Interpretation. Unless otherwise specified in this Agreement, all accounting terms
used herein shall be interpreted, all determinations with respect to accounting matters under this Agreement shall be made in accordance with GAAP applied on a consistent basis during the periods involved (except, in the case of unaudited
statements, as permitted by Form 10-Q promulgated by the Commission) and in compliance as to form in all material respects with applicable accounting requirements and with the published rules and regulations of the Commission with respect thereto.

 ARTICLE IV 
 SALE AND PURCHASE 
 Section 4.01 Sale and Purchase.
Contemporaneously with the consummation of the Acquisition, and subject to the terms and conditions of this Agreement, at the Closing Atlas hereby agrees to issue and sell to Purchaser, and Purchaser hereby agrees, to purchase from Atlas, subject to
Section 2.03, the number of Purchased Units set forth opposite its name on Schedule 2.01 hereto. Purchaser agrees to pay Atlas the Class C Unit Price for each such Purchased Unit. Purchaser will also receive, for no additional consideration, a
warrant (the “Warrants”) to purchase Common Units in an amount equal to fifteen percent (15%) of the number of Purchased Units set forth opposite the Purchaser’s name on Schedule 2.01 hereto (as such number may be amended
in accordance with Section 2.07). 
 Section 4.02 Reserved. 

Section 4.03 Purchased Units. The number of Purchased Units to be issued and sold to Purchaser will be equal to
Purchaser’s Commitment Amount divided by the Class C Unit Price; provided, however, that upon completion of a Qualified Equity Offering, Purchaser shall be 

  
 5 

 
entitled to reduce Purchaser’s Commitment Amount as provided in Section 2.07. The Purchased Units shall have those rights, preferences, privileges and restrictions governing the Class C
Units as set forth in the Amended and Restated Agreement of Limited Partnership of Atlas, dated as of March 13, 2012, as the same has been amended from time to time (the “Limited Partnership Agreement”), including as will be
amended by the Certificate of Designation in the form annexed hereto as Exhibit B, which Atlas will cause to be adopted no later than immediately prior to the issuance and sale of Class C Units contemplated by this Agreement. References
herein to the Limited Partnership Agreement shall include or exclude the Certificate of Designation as the context requires. 
 Section 4.04 Consideration. The amount per Class C Unit Purchaser will pay to Atlas to purchase the Purchased Units shall be $23.10 (the “Class C Unit Price”).1 

Section 4.05 Funding into Escrow. Purchaser shall deposit its Commitment Amount, or such reduced amount as may be established
by Atlas in its sole discretion, into an escrow account established under the Escrow Agreement no later than one Business Day prior to the Closing Date. On the Closing Date, upon receipt of satisfactory evidence that the conditions set forth in
Article VIII have been satisfied or waived, pursuant to Section 2.06 Purchaser shall deliver notice to the Escrow Agent (as such term is defined in the Escrow Agreement) to promptly and timely release the funds escrowed under the Escrow
Agreement to Atlas. 
 Section 4.06 Closing. Subject to satisfaction or waiver of the conditions set forth in
Article VIII, the execution and delivery of the Basic Documents (other than this Agreement, the Acquisition Agreement and the Assignment Agreement), the release of the funds escrowed under the Escrow Agreement to Atlas pursuant to the terms of the
Escrow Agreement, and the execution and delivery of all other instruments, agreements and other documents required by this Agreement, the closing with respect to the purchase and sale of the Class C Units (the “Closing”) shall take
place on a date (the “Closing Date”) concurrent with the Acquisition Closing Date, provided that Atlas shall take reasonable efforts to provide Purchaser five Business Days (or such shorter period as shall be agreeable to Purchaser
but in any event no less than two Business Days) prior written notice of such designated Closing Date. 
 Section 4.07
Commitment Amounts. Notwithstanding Section 2.06 hereof, if, prior to the Closing Date, Atlas completes and receives proceeds in excess of $275 million from an offering of any of its equity securities (other than the offering
contemplated by this Agreement) (a “Qualified Equity Offering”), Purchaser’s Commitment Amount shall automatically be reduced by an amount equal to the amount of proceeds raised in the Qualified Equity Offering in excess of
$275 million. Atlas shall amend Schedule 2.01 accordingly to reflect such reduction. 
  

	1 	 ARP’s 10 day VWAP 

  
 6 

 ARTICLE V  

REPRESENTATIONS AND WARRANTIES OF ATLAS 
 Atlas represents and warrants to the Purchaser, on and as of the date of this Agreement and on and as of the Closing Date, as follows: 

Section 5.01 Existence. Each of Atlas and its Subsidiaries: (i) is a corporation, limited partnership, partnership or
limited liability company, as applicable, duly organized, validly existing and in good standing under the Laws of the state or other jurisdiction of its incorporation or organization; (ii) has all requisite power and authority, and has all
material governmental licenses, authorizations, consents and approvals, necessary to own, lease, use and operate its Properties and carry on its business as its business is now being conducted as described in the Atlas SEC Documents, except where
the failure to obtain such licenses, authorizations, consents and approvals would not reasonably be expected to have a material adverse effect on Atlas. Each of Atlas and its Subsidiaries is duly qualified or licensed and in good standing as a
foreign limited partnership, limited liability company, limited partnership, partnership or corporation, as applicable, and is authorized to do business in each jurisdiction in which the ownership or leasing of its respective Properties or the
character of its respective operations makes such qualification necessary, except where the failure to obtain such qualification, license, authorization or good standing would not reasonably be expected to have a material adverse effect on Atlas.

 Section 5.02 Capitalization and Valid Issuance of Purchased Units. 

(a) As of June 7, 2013, and prior to the issuance and sale of the Purchased Units, the issued and outstanding limited partnership
interests of Atlas consist of 44,447,284 Common Units, Class A Units and 3,836,554 Class B units (each as defined in the Limited Partnership Agreement). All of the outstanding Common Units, Class A Units, Class B Units and Incentive
Distribution Rights (as defined in the Limited Partnership Agreement) have been duly authorized and validly issued in accordance with applicable Law and the Limited Partnership Agreement and are fully paid (to the extent required under the Limited
Partnership Agreement) and non-assessable (except as such non-assessability may be affected by Section 17-607 of the Delaware LP Act). 
 (b) Other than Atlas’s existing Long-Term Incentive Plans, and other existing management compensation arrangements, Atlas has no equity compensation plans that contemplate the issuance of Common
Units (or securities convertible into or exchangeable for Common Units). Atlas has no outstanding indebtedness having the right to vote (or convertible into or exchangeable for securities having the right to vote) on any matters on which the holders
of Common Units may vote. Except as set forth in the first sentence of this Section 5.02(b), as contemplated by this Agreement, as are contained in the Limited Partnership Agreement, or as described in the Atlas SEC Documents, there are no
outstanding or authorized (i) options, warrants, preemptive rights, subscriptions, calls or other rights, convertible securities, agreements, claims or commitments of any character obligating Atlas or any of its Subsidiaries to issue, transfer
or sell any limited partnership interests or other equity interests in Atlas or any of its Subsidiaries or securities convertible into or exchangeable for such limited partnership interests or other equity interests, (ii) obligations of Atlas
or any of its Subsidiaries to repurchase, redeem or otherwise acquire any limited partnership interests or other equity interests in Atlas or any of its Subsidiaries or any such securities or agreements listed in clause (i) of this sentence or
(iii) voting trusts or similar agreements to which Atlas or any of its Subsidiaries is a party with respect to the voting of the equity interests of Atlas or any of its Subsidiaries. 

  
 7 

 (c) All of the issued and outstanding equity interests of each of Atlas’s Subsidiaries
are owned, directly or indirectly, by Atlas free and clear of any Liens (except for such restrictions as may exist under applicable Law and except for such Liens as may be imposed under Atlas’s or its Subsidiaries’ credit facilities filed
as exhibits to the Atlas SEC Documents), and all such ownership interests have been duly authorized and validly issued and are fully paid (to the extent required by applicable Law and the organizational documents of Atlas’s Subsidiaries, as
applicable) and non-assessable (except as non-assessability may be affected by Section 17-607 of the Delaware LP Act or the organizational documents of Atlas’s Subsidiaries, as applicable) and free of preemptive rights, with no personal
liability attaching to the ownership thereof. 
 (d) The offer and sale of the Purchased Units and the limited partner interests
represented thereby, and the Common Units issuable upon conversion of the Purchased Units in accordance with the terms of the Class C Units as reflected in the Certificate of Designation, are or will be duly authorized by Atlas pursuant to the
Limited Partnership Agreement, as amended by the Certificate of Designation, prior to the Closing and, when issued and delivered to the Purchaser against payment therefor in accordance with the terms of this Agreement, will be validly issued, fully
paid (to the extent required by applicable Law and the Limited Partnership Agreement) and non-assessable (except as such non-assessability may be affected by Section 17-607 of the Delaware LP Act) and will be free of any and all Liens and
restrictions on transfer, other than restrictions on transfer under the Limited Partnership Agreement, the Registration Rights Agreement and applicable state and federal securities Laws and other than such Liens as are created by the Purchaser.

 (e) Atlas’s currently outstanding Common Units are quoted on The New York Stock Exchange and Atlas has not received any
notice of delisting. 
 (f) The Purchased Units shall have those rights, preferences, privileges and restrictions governing the
Class C Units as set forth in the Limited Partnership Agreement, as amended by the Certificate of Designation. 

Section 5.03 Atlas SEC Documents. Atlas has filed with the Commission all forms, registration statements, reports, schedules
and statements required to be filed by it under the Exchange Act or the Securities Act (all such documents filed on or prior to the date of this Agreement, collectively, the “Atlas SEC Documents”). The Atlas SEC Documents, including
any audited or unaudited financial statements and any notes thereto or schedules included therein (the “Atlas Financial Statements”), at the time filed (in the case of registration statements, solely on the dates of effectiveness)
(except to the extent corrected by a subsequently filed Atlas SEC Document filed prior to the date of this Agreement) (i) did not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or
necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading, (ii) complied in all material respects with the applicable requirements of the Exchange Act and the Securities Act, as
the case may be, (iii) complied as to form in all material respects with applicable accounting requirements and with the published rules and regulations of the Commission with respect thereto, (iv) were prepared in accordance with GAAP
applied on a consistent basis during the periods involved (except as may be indicated in the notes thereto or, in the case of unaudited statements, as permitted by Form 10-Q of the Commission) and
(v)

  
 8 

 
fairly presented (subject in the case of unaudited statements to normal, recurring and year-end audit adjustments) in all material respects the consolidated financial position and status of the
business of Atlas as of the dates thereof and the consolidated results of its operations and cash flows for the periods then ended. Grant Thornton LLP is an independent registered public accounting firm with respect to Atlas and has not resigned or
been dismissed as independent registered public accountants of Atlas as a result of or in connection with any disagreement with Atlas on any matter of accounting principles or practices, financial statement disclosure or auditing scope or
procedures. 
 Section 5.04 Litigation. Except as set forth in the Atlas SEC Documents, there is no Action pending
or, to the knowledge of Atlas, threatened in writing against Atlas or any of its Subsidiaries that would reasonably be expected to prevent the consummation of the transactions contemplated by this Agreement. 

Section 5.05 No Breach. The execution, delivery and performance by Atlas of the Basic Documents to which it is a party and
all other agreements and instruments in connection with the transactions contemplated by the Basic Documents, and compliance by Atlas with the terms and provisions hereof and thereof, do not (a) violate any provision of any Law applicable to
Atlas or any of its Subsidiaries or any of their respective Properties, (b) conflict with or result in a violation of any provision of the Certificate of Limited Partnership of Atlas or the Limited Partnership Agreement, as amended by the
Certificate of Designation, or any organizational documents of any of Atlas’s Subsidiaries, (c) require any consent, approval or notice under or result in a violation or breach of or constitute (with or without due notice or lapse of time
or both) a default (or give rise to any right of termination, cancellation or acceleration) under (i) any material note, bond, mortgage, license, or loan or credit agreement to which Atlas or any of its Subsidiaries is a party or by which Atlas
or any of its Subsidiaries or any of their respective Properties may be bound or (ii) any other material agreement, instrument or obligation, or (d) result in or require the creation or imposition of any Lien upon or with respect to any of
the Properties now owned or hereafter acquired by Atlas or any of its Subsidiaries, except in the cases of clauses (a), (c) and (d) where such violation, default, breach, termination, cancellation, failure to receive consent or approval,
or acceleration with respect to the foregoing provisions of this Section 5.05 would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on Atlas. 

Section 5.06 Authority. Atlas has all necessary limited partnership power and authority to execute, deliver and perform its
obligations under the Basic Documents to which it is a party and to consummate the transactions contemplated thereby; the execution, delivery and performance by Atlas of each of the Basic Documents to which it is a party, and the consummation of the
transactions contemplated thereby, have been duly authorized by all necessary action on its part; and the Basic Documents constitute the legal, valid and binding obligations of Atlas, enforceable in accordance with their terms, except as such
enforceability may be limited by bankruptcy, insolvency, fraudulent transfer and similar Laws affecting creditors’ rights generally or by general principles of equity. Except as contemplated by this Agreement, no approval by the holders of
Common Units is required as a result of Atlas’s issuance and sale of the Purchased Units. 

  
 9 

 Section 5.07 Compliance with Laws. Neither Atlas nor any of its Subsidiaries is
in violation of any judgment, decree or order or any Law applicable to Atlas or its Subsidiaries, except as would not, individually or in the aggregate, have a material adverse effect on Atlas. Atlas and its Subsidiaries possess all material
certificates, authorizations and permits issued by the appropriate regulatory authorities necessary to conduct their respective businesses, except where the failure to possess such certificates, authorizations or permits would not, individually or
in the aggregate, reasonably be expected to have a material adverse effect on Atlas, and neither Atlas nor any such Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization
or permit, except where such potential revocation or modification would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on Atlas. 

Section 5.08 Approvals. Except as contemplated by this Agreement, as required under the HSR Act, or as required by the
Commission in connection with Atlas’s obligations under the Registration Rights Agreement, no authorization, consent, approval, waiver, license, qualification or written exemption from, nor any filing, declaration, qualification or registration
with, any Governmental Authority or any other Person is required in connection with the execution, delivery or performance by Atlas of any of the Basic Documents to which it is a party, except where the failure to receive such authorization,
consent, approval, waiver, license, qualification or written exemption or to make such filing, declaration, qualification or registration would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on Atlas.

 Section 5.09 Investment Company Status. Atlas is not an “investment company” within the meaning of the
Investment Company Act of 1940, as amended. 
 Section 5.10 Offering. Assuming the accuracy of the representations
and warranties of the Purchaser contained in this Agreement, the sale and issuance of the Purchased Units pursuant to this Agreement are exempt from the registration requirements of the Securities Act, and neither Atlas nor any authorized
Representative acting on its behalf has taken or will take any action hereafter that would cause the loss of such exemption. 

Section 5.11 Certain Fees. The Purchaser shall not be liable for any fees or commissions payable by Atlas to brokers, finders
or investment bankers with respect to the sale of any of the Purchased Securities or the consummation of the transactions contemplated by this Agreement. Atlas agrees that it will indemnify and hold harmless Purchaser from and against any and all
claims, demands or liabilities for broker’s, finder’s, placement or other similar fees or commissions incurred by Atlas or alleged to have been incurred by Atlas in connection with the sale of Purchased Securities or the consummation of
the transactions contemplated by this Agreement. 
 Section 5.12 Registration Rights. Neither the execution of this
Agreement nor the issuance of the Purchased Units as contemplated by this Agreement gives rise to any rights for or relating to the registration of any securities of Atlas, other than pursuant to the Registration Rights Agreement. 

  
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 ARTICLE VI  

REPRESENTATIONS AND WARRANTIES OF PURCHASER 
 Purchaser hereby represents and warrants to Atlas with respect to itself, on and as of the date of this Agreement and on and as of the Closing Date, as follows: 

Section 6.01 Valid Existence. Purchaser (i) is duly organized, validly existing and in good standing under the Laws of
the State of Delaware and (ii) has all requisite power, and has all material governmental licenses, authorizations, consents and approvals, necessary to own its Properties and carry on its business as its business is now being conducted, except
where the failure to obtain such licenses, authorizations, consents and approvals would not have and would not reasonably be expected to have a Purchaser Material Adverse Effect. 

Section 6.02 No Breach. The execution, delivery and performance by Purchaser of the Basic Documents to which it is a party
and all other agreements and instruments in connection with the transactions contemplated by the Basic Documents to which it is a party, and compliance by Purchaser with the terms and provisions hereof and thereof and the purchase of the Purchased
Units by Purchaser do not (a) violate any provision of any Law, governmental permit, determination or award having applicability to Purchaser or any of its Properties, (b) conflict with or result in a violation of any provision of the
organizational documents of Purchaser or (c) require any consent (other than standard internal consents), approval or notice under or result in a violation or breach of or constitute (with or without due notice or lapse of time or both) a
default (or give rise to any right of termination, cancellation or acceleration) under (i) any material note, bond, mortgage, license, or loan or credit agreement to which Purchaser is a party or by which Purchaser or any of its Properties may
be bound or (ii) any other such material agreement, instrument or obligation, except in the case of clauses (a) and (c) where such violation, default, breach, termination, cancellation, failure to receive consent or approval, or
acceleration with respect to the foregoing provisions of this Section 6.02 would not, individually or in the aggregate, reasonably be expected to have a Purchaser Material Adverse Effect. 

Section 6.03 Investment. The Purchased Units are being acquired for Purchaser’s own account, not as a nominee or agent,
and with no present intention of distributing the Purchased Units or any part thereof, and Purchaser has no present intention of selling or granting any participation in or otherwise distributing the same in any transaction in violation of the
securities Laws of the United States of America or any state, without prejudice, however, to Purchaser’s right at all times to sell or otherwise dispose of all or any part of the Purchased Units under a registration statement under the
Securities Act and applicable state securities Laws or under an exemption from such registration available thereunder (including, if available, Rule 144 promulgated thereunder). If Purchaser should in the future decide to dispose of any of the
Purchased Units, Purchaser understands and agrees that it may do so only (a)(i) in compliance with the Securities Act and applicable state securities Law, as then in effect, or pursuant to an exemption therefrom (including Rule 144 under the
Securities Act) or (ii) in the manner contemplated by any registration statement pursuant to which such securities are being offered, and (b) if no stop-transfer instructions will be in effect with respect to such securities. 

  
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 Section 6.04 Nature of Purchaser. Purchaser represents and warrants to, and
covenants and agrees with, Atlas that (a) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act and (b) by reason of its business and financial
experience it has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Securities, is able to bear the economic risk of
such investment and, at the present time, would be able to afford a complete loss of such investment. 
 Section 6.05
Receipt of Information; Authorization. Purchaser acknowledges that it has (a) had access to the Atlas SEC Documents, (b) had access to information regarding the Acquisition and its potential effect on Atlas’s operations and
financial results and (c) been provided a reasonable opportunity to ask questions of and receive answers from Representatives of Atlas regarding such matters. 
 Section 6.06 Restricted Securities. Purchaser understands that the Purchased Securities it is purchasing are characterized as “restricted securities” under the federal securities
Laws inasmuch as they are being acquired from Atlas in a transaction not involving a public offering and that under such Laws and applicable regulations such securities may be resold without registration under the Securities Act only in certain
limited circumstances. In connection with the foregoing, Purchaser represents that it is knowledgeable with respect to Rule 144 of the Commission promulgated under the Securities Act. 

Section 6.07 Certain Fees. No fees or commissions will be payable by Purchaser to brokers, finders or investment bankers with
respect to the sale of any of the Purchased Securities or the consummation of the transactions contemplated by this Agreement. Atlas will not be liable for any such fees or commissions. Purchaser agrees that it will indemnify and hold harmless Atlas
from and against any and all claims, demands or liabilities for broker’s, finder’s, placement or other similar fees or commissions incurred by Purchaser or alleged to have been incurred by Purchaser in connection with the purchase of
Purchased Securities or the consummation of the transactions contemplated by this Agreement. 
 Section 6.08 Legend.
The Purchased Securities (other than the Warrants) shall not be evidenced by physical certificates. It is understood that the certificates evidencing the Warrants and, if any certificates are issued for the other Purchased Securities, such
certificates initially will bear the following legend: 
 “These securities have not been registered under the Securities
Act of 1933, as amended. These securities may not be sold, offered for sale, pledged (except in connection with a bona fide margin account or other loan or financing arrangement secured by these securities) or hypothecated in the absence of a
registration statement in effect with respect to the securities under such Act or pursuant to an exemption from registration thereunder and, in the case of a transaction exempt from registration, unless sold pursuant to Rule 144 under such Act or
the issuer has received documentation reasonably satisfactory to it that such transaction does not require registration under such Act.” 

  
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 Section 6.09 Short Selling. Purchaser represents that it has not entered into
any Short Sales of any of the securities of Atlas owned by it between the time it first began discussions with Atlas about the transactions contemplated by this Agreement and the date hereof. 

Section 6.10 Receipt of Information. The Purchaser (a) has carefully reviewed the Atlas SEC Documents and has been
furnished with all other materials that it considers relevant to an investment in the Purchased Securities, has had a full opportunity to ask questions of and receive answers from Atlas or any person or persons acting on behalf of Atlas concerning
the terms and conditions of an investment in the Purchased Securities; (b) has conducted, to the extent it deemed necessary, an independent investigation of such matters as, in its judgment, is necessary for it to make an informed investment
decision with respect to the Purchased Securities and Atlas; (c) is not relying upon, and has not relied upon, any statement, representation or warranty made by any person except for the statements, representations and warranties contained in
this Agreement and the Atlas SEC Documents; and (d) has made all decisions in connection with the offer and sale of the Purchased Securities as the result of arm’s-length negotiations. 

ARTICLE VII  
 COVENANTS 
 Section 7.01 Anti-dilution Protection. The
Purchased Units are subject to the anti-dilution provisions set forth in the Limited Partnership Agreement, as amended by the Certificate of Designation, a form of which is attached hereto as Exhibit B, and the Warrants are subject to the
anti-dilution provisions set forth in the Common Unit Purchase Warrant, a form of which is attached hereto as Exhibit C. 

Section 7.02 Reserved. 
 Section 7.03 Taking of Necessary Action. Each of the Parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause
to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting the foregoing, Atlas and Purchaser will, and Atlas shall
cause each of its Subsidiaries to, use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of Purchaser or Atlas, as the case may be,
advisable for the consummation of the transactions contemplated by this Agreement and the other Basic Documents. 

Section 7.04 Public Filings. Atlas shall timely file any filings and notices required to be made by Atlas by the Commission
or applicable Law with respect to the transactions contemplated hereby. 
 Section 7.05 Use of Proceeds. Atlas
intends to use the net proceeds from the sale of the Purchased Units to partially finance the Acquisition. 

  
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 Section 7.06 Tax Information. Atlas shall cooperate with the Purchaser and provide
Purchaser with any reasonably requested tax information related to its ownership of the Purchased Units. 

Section 7.07 NYSE Listing of Common Units. Promptly following the Closing Date, Atlas will submit an additional listing
application to The New York Stock Exchange with respect to the Common Units underlying each of the Purchased Units and the Warrants. 
 Section 7.08 Adoption of Certificate of Designation. On or before the Closing Date, Atlas will adopt the Certificate of Designation in substantially the same form as attached hereto as
Exhibit B. 
 ARTICLE VIII  
 CLOSING CONDITIONS 
 Section 8.01 Conditions to the Closing. 

(a) Mutual Conditions. The respective obligation of each Party to consummate the purchase and issuance and sale of the Purchased
Units and the Warrants shall be subject to the satisfaction on or prior to the Closing Date of each of the following conditions (any or all of which may be waived by either Party on behalf of itself in writing, in whole or in part, to the extent
permitted by applicable Law): 
 (i) no Law shall have been enacted or promulgated, and no action shall have been taken, by any
Governmental Authority of competent jurisdiction which temporarily, preliminarily or permanently restrains, precludes, enjoins or otherwise prohibits the consummation of the transactions contemplated by this Agreement or makes the transactions
contemplated by this Agreement illegal; 
 (ii) any waiting period under the HSR Act applicable to the transactions
contemplated by this Agreement shall have expired or been terminated; 
 (iii) there shall not be pending any Action by any
Governmental Authority seeking to restrain, preclude, enjoin or prohibit the transactions contemplated by this Agreement; and 

(iv) Atlas shall have consummated or shall expect to consummate the Acquisition substantially on the terms set forth in the Acquisition
Agreement and the Assignment Agreement. 

  
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 (b) Purchaser’s Conditions. The respective obligation of Purchaser to consummate
the purchase of the Purchased Units and receipt of the Warrants shall be subject to the satisfaction on or prior to the Closing Date of each of the following conditions (any or all of which may be waived by Purchaser on behalf of itself in writing,
in whole or in part, to the extent permitted by applicable Law): 
 (i) Atlas shall have performed and complied with the
covenants and agreements contained in this Agreement in all material respects that are required to be performed and complied with by Atlas on or prior to the Closing Date; 
 (ii) the representations and warranties of Atlas contained in this Agreement that are qualified by materiality or material adverse effect shall be true and correct when made and as of the Closing Date and
all other representations and warranties shall be true and correct in all material respects when made and as of the Closing Date, in each case as though made at and as of the Closing Date (except that representations made as of a specific date shall
be required to be true and correct as of such date only); 
 (iii) Atlas shall have delivered, or caused to be delivered, to
Purchaser at the Closing, Atlas’s closing deliveries described in Section 8.02 of this Agreement; and 
 (iv) Atlas
shall have raised or borrowed an amount that, when combined with the Net Proceeds and cash on hand, is sufficient for Atlas to complete the Acquisition. 
 (c) Atlas’s Conditions. The obligation of Atlas to consummate the sale of the Purchased Units and the issuance of the Warrants to Purchaser shall be subject to the satisfaction on or prior to
the Closing Date of the following conditions with respect to Purchaser (which may be waived by Atlas in writing, in whole or in part, to the extent permitted by applicable Law): 

(i) Purchaser shall have performed and complied with the covenants and agreements contained in this Agreement in all material respects
that are required to be performed and complied with by Purchaser on or prior to the Closing Date; 
 (ii) the representations
and warranties of Purchaser contained in this Agreement that are qualified by materiality or Purchaser Material Adverse Effect shall be true and correct when made and as of the Closing Date and all other representations and warranties shall be true
and correct in all material respects when made and as of the Closing Date, in each case as though made at and as of the Closing Date (except that representations made as of a specific date shall be required to be true and correct as of such date
only); 
 (iii) the funds escrowed pursuant to the Escrow Agreement shall have been released to Atlas; 

(iv) Purchaser shall have delivered, or caused to be delivered, to Atlas at the Closing, Purchaser’s closing deliveries described
in Section 8.03 of this Agreement. 
 Section 8.02 Atlas Deliveries. At the Closing, subject to the terms and
conditions of this Agreement, Atlas will deliver, or cause to be delivered, to Purchaser: 
 (a) a letter instructing
Atlas’s transfer agent to issue Class C Units evidenced by book entry positions in the name of the Purchaser, or, if Atlas is acting as the transfer agent for the Class C Units, a letter from Atlas to the Purchaser evidencing the number of
Purchased Units set forth on Schedule 2.01 hereto, free and clear of any Liens, encumbrances or interests of any other party; 

  
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 (b) a General Partner’s Certificate in substantially the form attached to this
Agreement as Exhibit A; 
 (c) the Registration Rights Agreement, containing reasonable and customary terms approved by
Atlas and the Purchaser, which shall have been duly executed by Atlas; and 
 (d) the Common Unit Purchase Warrant in
substantially the form attached to this Agreement as Exhibit C, which shall have been duly executed by Atlas. 

Section 8.03 Purchaser Deliveries. At the Closing, subject to the terms and conditions of this Agreement, Purchaser will
deliver, or cause to be delivered, to Atlas: 
 (a) notice to the Escrow Agent instructing the Escrow Agent to release the funds
escrowed pursuant to the Escrow Agreement in respect of Purchaser to Atlas; 
 (b) the Registration Rights Agreement, containing
reasonable and customary terms approved by Atlas and the Purchaser, which shall have been duly executed by Purchaser; and 
 (c)
an Officer’s Certificate in form and substance reasonably satisfactory to Atlas. 
 ARTICLE IX  

INDEMNIFICATION, COSTS AND EXPENSES 
 Section 9.01 Indemnification by Atlas. Atlas agrees to indemnify Purchaser and its Representatives (collectively, “Purchaser Related Parties”) from, and hold each of them
harmless against, any and all actions, suits, proceedings (including any investigations, litigation or inquiries), demands and causes of action, and, in connection therewith, and promptly upon demand, pay and reimburse each of them for all costs,
losses, liabilities, damages or expenses of any kind or nature whatsoever, including the reasonable fees and disbursements of counsel and all other reasonable expenses incurred in connection with investigating, defending or preparing to defend any
such matter that may be incurred by them or asserted against or involve any of them as a result of, arising out of or in any way related to (i) any actual or proposed use by Atlas of the proceeds of the sale of the Purchased Units or
(ii) the breach of any of the representations, warranties or covenants of Atlas contained herein; provided that such claim for indemnification relating to a breach of a representation or warranty is made prior to the expiration of such
representation or warranty. 
 Section 9.02 Indemnification by Purchaser. Purchaser agrees to indemnify Atlas and
its Representatives (collectively, “Atlas Related Parties”) from, and hold each of them harmless against, any and all actions, suits, proceedings (including any investigations, litigation or inquiries), demands and causes of action,
and, in connection therewith, and promptly upon demand, pay and reimburse each of them for all costs, losses, liabilities, damages or expenses of any kind or nature whatsoever, including the reasonable fees and disbursements of counsel and all other
reasonable expenses incurred in connection with investigating, defending or preparing to defend any such matter that may be incurred by them or asserted against or involve any of them as a result of, arising out of or in any way related to the
breach of any of the representations, warranties or covenants of Purchaser contained herein. 

  
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 Section 9.03 Indemnification Procedure. Promptly after any Atlas Related Party
or Purchaser Related Party (hereinafter, the “Indemnified Party”) has received notice of any indemnifiable claim hereunder, or the commencement of any action or proceeding by a third party, which the Indemnified Party believes in
good faith is an indemnifiable claim under this Agreement, the Indemnified Party shall give the indemnitor hereunder (the “Indemnifying Party”) written notice of such claim or the commencement of such action or proceeding, but
failure to so notify the Indemnifying Party will not relieve the Indemnifying Party from any liability it may have to such Indemnified Party hereunder except to the extent that the Indemnifying Party is materially prejudiced by such failure. Such
notice shall state the nature and the basis of such claim to the extent then known. The Indemnifying Party shall have the right to defend and settle, at its own expense and by its own counsel who shall be reasonably acceptable to the Indemnified
Party, any such matter as long as the Indemnifying Party pursues the same diligently and in good faith. If the Indemnifying Party undertakes to defend or settle, it shall promptly notify the Indemnified Party of its intention to do so, and the
Indemnified Party shall cooperate with the Indemnifying Party and its counsel in all commercially reasonable respects in the defense thereof and the settlement thereof. Such cooperation shall include furnishing the Indemnifying Party with any books,
records and other information reasonably requested by the Indemnifying Party and in the Indemnified Party’s possession or control. Such cooperation of the Indemnified Party shall be at the cost of the Indemnifying Party. After the Indemnifying
Party has notified the Indemnified Party of its intention to undertake to defend or settle any such asserted liability, and for so long as the Indemnifying Party diligently pursues such defense, the Indemnifying Party shall not be liable for any
additional legal expenses incurred by the Indemnified Party in connection with any defense or settlement of such asserted liability; provided, however, that the Indemnified Party shall be entitled (i) at its expense, to participate in the
defense of such asserted liability and the negotiations of the settlement thereof and (ii) if (A) the Indemnifying Party has failed to assume the defense or employ counsel reasonably acceptable to the Indemnified Party or (B) if the
defendants in any such action include both the Indemnified Party and the Indemnifying Party and counsel to the Indemnified Party shall have concluded that there may be reasonable defenses available to the Indemnified Party that are different from or
in addition to those available to the Indemnifying Party or if the interests of the Indemnified Party reasonably may be deemed to conflict with the interests of the Indemnifying Party, then the Indemnified Party shall have the right to select a
separate counsel and to assume such legal defense and otherwise to participate in the defense of such action, with the expenses and fees of such separate counsel and other expenses related to such participation to be reimbursed by the Indemnifying
Party as incurred. Notwithstanding any other provision of this Agreement, the Indemnifying Party shall not settle any indemnified claim without the consent of the Indemnified Party, unless the settlement thereof imposes no liability or obligation
on, involves no admission of wrongdoing or malfeasance by, and includes a complete release from liability of, the Indemnified Party. 

  
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 ARTICLE X 
 MISCELLANEOUS 
 Section 10.01 Interpretation. Article,
Section, Schedule and Exhibit references are to this Agreement, unless otherwise specified. All references to instruments, documents, contracts and agreements are references to such instruments, documents, contracts and agreements as the same may be
amended, supplemented and otherwise modified from time to time, unless otherwise specified. The word “including” shall mean “including but not limited to.” Whenever Atlas has an obligation under the Basic Documents, the expense
of complying with such obligation shall be an expense of Atlas unless otherwise specified. Whenever any determination, consent or approval is to be made or given by Purchaser under this Agreement, such action shall be in Purchaser’s sole
discretion unless otherwise specified. If any provision in the Basic Documents is held to be illegal, invalid, not binding or unenforceable, such provision shall be fully severable and the Basic Documents shall be construed and enforced as if such
illegal, invalid, not binding or unenforceable provision had never comprised a part of the Basic Documents, and the remaining provisions shall remain in full force and effect. The Basic Documents have been reviewed and negotiated by sophisticated
parties with access to legal counsel and shall not be construed against the drafter. 
 Section 10.02 Survival of
Provisions. The representations and warranties set forth in this Agreement shall survive the execution and delivery of this Agreement and the issuance and delivery of the Purchased Units for a period of one year, with the exception the that
representations and warranties set forth in Sections 3.01, 3.02, 3.05(b), 3.06, 3.10 and Section 4.01 shall survive perpetually. The covenants made in this Agreement or any other Basic Document shall survive the Closing of the transactions
described herein and remain operative and in full force and effect regardless of acceptance of any of the Purchased Units and payment therefor and repayment, conversion, exercise or repurchase thereof. All indemnification obligations of Atlas and
the Purchaser pursuant to Section 3.11, Section 6.07 and Article IX of this Agreement shall remain operative and in full force and effect unless such obligations are expressly terminated in a writing by the Parties referencing the
particular Article or Section, regardless of any purported general termination of this Agreement. 
 Section 10.03 No Waiver;
Modifications in Writing. 
 (a) Delay. No failure or delay on the part of any Party in exercising any right, power
or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of any right, power or remedy. The remedies provided
for herein are cumulative and are not exclusive of any remedies that may be available to a Party at law or in equity or otherwise. 
 (b) Specific Waiver. Except as otherwise provided in this Agreement or the Registration Rights Agreement, no amendment, waiver, consent, modification or termination of any provision of this
Agreement or any other Basic Document shall be effective unless signed by each of the Parties or each of the original signatories thereto affected by such amendment, waiver, consent, modification or termination. Any amendment, supplement or
modification of or to any provision of this Agreement or any other Basic Document, any waiver of any provision of 

  
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this Agreement or any other Basic Document and any consent to any departure by Atlas from the terms of any provision of this Agreement or any other Basic Document shall be effective only in the
specific instance and for the specific purpose for which made or given. Except where notice is specifically required by this Agreement, no notice to or demand on any Party in any case shall entitle any Party to any other or further notice or demand
in similar or other circumstances. 
 Section 10.04 Binding Effect; Assignment. 

(a) Binding Effect. This Agreement shall be binding upon Atlas, Purchaser, and their respective successors and permitted assigns.
Except as expressly provided in this Agreement, this Agreement shall not be construed so as to confer any right or benefit upon any Person other than the Parties to this Agreement and as provided in Article IX, and their respective successors and
permitted assigns. 
 (b) Assignment of Purchased Units and Warrants. All or any portion of a Purchaser’s Purchased
Units purchased pursuant to this Agreement or Warrants may be sold, assigned or pledged by Purchaser, subject to compliance with applicable securities Laws. 
 (c) Assignment of Rights. Purchaser may assign all or any portion of its rights, subject to an express assumption of each of the obligations under this Agreement, without the consent of Atlas to
any Affiliate of Purchaser, and in each case the assignee shall be deemed to be a Purchaser hereunder with respect to such assigned rights or obligations and shall agree to be bound by the provisions of this Agreement. Except as expressly permitted
by this Section 10.04(c), such rights and obligations may not otherwise be transferred except with the prior written consent of Atlas (which consent shall not be unreasonably withheld), in which case the assignee shall be deemed to be a
Purchaser hereunder with respect to such assigned rights or obligations and shall agree to be bound by the provisions of this Agreement. Schedule 2.01 shall be revised to reflect the actual Purchaser(s) and allocations at the Closing. 

Section 10.05 Aggregation of Purchased Units. All Purchased Units held or acquired by Persons who are Affiliates of one
another shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. 

Section 10.06 Communications. All notices and demands provided for hereunder shall be in writing and shall be given by
regular mail, registered or certified mail, return receipt requested, facsimile, air courier guaranteeing overnight delivery, electronic mail or personal delivery to the following addresses set forth on the signature pages hereof or to such other
address as Atlas or Purchaser may designate in writing. All notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; upon actual receipt if sent by registered or certified mail,
return receipt requested, or regular mail, if mailed; when receipt acknowledged, if sent via facsimile; and upon actual receipt when delivered to an air courier guaranteeing overnight delivery or via electronic mail. 

Section 10.07 Removal of Legend. Atlas shall remove the legend described in Section 6.08 from any certificates
evidencing the Purchased Units, or such similar restrictive legend attached to the book-entry position evidencing the Purchased Units held by the transfer agent of Atlas, at the request of a Purchaser submitting to Atlas such documentation as may be
reasonably 

  
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requested by Atlas or required by its transfer agent, unless Atlas, with the advice of counsel, reasonably determines that such removal is inappropriate; provided that Atlas shall provide an
opinion of counsel to the transfer agent at no cost to the Purchaser (if such an opinion can be given in light of the facts of the situation), and the Purchaser shall not be required to provide an opinion, in the event a Purchaser is effecting a
sale of such Purchased Units pursuant to Rule 144 under the Securities Act or an effective registration statement, in which case Atlas shall cooperate with Purchaser to effect removal of such legend. Subject to the Limited Partnership Agreement, the
legend described in Section 6.08 shall be removed and Atlas shall issue a certificate without such legend to the holder of Purchased Units, or shall instruct the transfer agent to remove such legend from the book-entry position evidencing the
Purchased Units, if, unless otherwise required by state securities Laws, (i) such Purchased Units are sold pursuant to an effective registration statement, (ii) in connection with a sale, assignment or other transfer, such holder provides
Atlas with an opinion of a law firm reasonably acceptable to Atlas, in a generally acceptable form, to the effect that such sale, assignment or transfer of such Purchased Units may be made without registration under the applicable requirements of
the Securities Act, or (iii) such holder provides Atlas with reasonable assurance that such Purchased Units can be sold, assigned or transferred pursuant to Rule 144 or Rule 144A under the Securities Act. Atlas shall bear all costs and expenses
associated with the removal of a legend pursuant to this Section 8.08. 
 Section 10.08 Entire Agreement. This
Agreement and the other Basic Documents are intended by the Parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the Parties hereto and thereto in respect of the
subject matter contained herein and therein. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein or therein with respect to the rights granted by Atlas or a Purchaser set forth herein or
therein. This Agreement and the other Basic Documents supersede all prior agreements and understandings between the Parties with respect to such subject matter. 
 Section 10.09 Governing Law. This Agreement will be construed in accordance with and governed by the Laws of the State of New York without regard to principles of conflicts of Laws.

 Section 10.10 Execution in Counterparts. This Agreement may be executed in any number of counterparts and by
different Parties hereto in separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same Agreement.

 Section 10.11 Termination. 
 (a) Notwithstanding anything herein to the contrary, this Agreement may be terminated on or any time prior to the Closing by Purchaser or by Atlas, in each case, (A) upon a breach of any
representation or warranty of any other Party set forth in this Agreement, or (B) upon a breach in any material respect of any covenant or agreement on the part of any other Party set forth in this Agreement (either (A) or (B) above
being a “Terminating Breach”) if such Terminating Breach would cause the satisfaction of the conditions to the terminating Party’s obligations to be impossible and such Terminating Breach is not cured within 20 Business Days
after written notice from the terminating Party. 

  
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 (b) Notwithstanding anything herein to the contrary, this Agreement shall automatically
terminate on or any time prior to the Closing: 
 (i) if the Closing shall not have occurred on or before the date on which the
Acquisition Agreement is terminated; 
 (ii) if the Acquisition has not closed by the date that is 180 days after the date
hereof; or 
 (iii) if a Law shall have been enacted or promulgated, or if any Action shall have been taken by any Governmental
Authority of competent jurisdiction which permanently restrains, precludes, enjoins or otherwise prohibits the consummation of the transactions contemplated by this Agreement or makes the transactions contemplated by this Agreement and the
consummation of the transactions contemplated by the Acquisition Agreement and the Assignment Agreement illegal. 
 (c) In the
event of the termination of this Agreement as provided in Section 10.11(a) or Section 10.11(b), this Agreement shall forthwith become null and void. In the event of such termination, there shall be no liability on the part of any Party
hereto, except as set forth in Article IX of this Agreement and except with respect to the requirement to comply with any confidentiality agreement in favor of Atlas; provided that nothing herein shall relieve any Party from any liability or
obligation with respect to any willful breach of this Agreement. 
 Section 10.12 Recapitalization, Exchanges, Etc.
Affecting the Purchased Common Units. The provisions of this Agreement shall apply to the full extent set forth herein with respect to any and all equity interests of Atlas or any successor or assign of Atlas (whether by merger, consolidation,
sale of assets or otherwise) that may be issued in respect of, in exchange for or in substitution of, the Purchased Securities, and shall be appropriately adjusted for combinations, unit splits, recapitalizations and the like occurring after the
date of this Agreement. 
 Section 10.13 Obligations Limited to Parties to Agreement. Each of the parties hereto
covenants, agrees and acknowledges that no Person other than the Purchaser (and its permitted assignees) and Atlas shall have any obligation hereunder and that, notwithstanding that one or more of the Purchaser and its permitted assignees may be a
corporation, limited partnership, partnership or limited liability company, no recourse under this Agreement or the other Basic Documents or under any documents or instruments delivered in connection herewith or therewith shall be had against any
former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of the Purchaser or Atlas or any former, current or future director, officer, employee, agent, general or limited
partner, manager, member, stockholder or Affiliate of any of the foregoing, whether by the enforcement of any assessment or by any legal or equitable proceeding, or by virtue of any applicable Law, it being expressly agreed and acknowledged that no
personal liability whatsoever shall attach to, be imposed on or otherwise be incurred by any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of the Purchaser or

  
 21 

 
Atlas or any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the foregoing, as such, for any
obligations of the Purchaser and Atlas under this Agreement or the other Basic Documents or any documents or instruments delivered in connection herewith or therewith or for any claim based on, in respect of or by reason of such obligation or its
creation. 
 [The remainder of this page is intentionally left blank.] 

  
 22 

 IN WITNESS WHEREOF, the Parties hereto execute this Agreement, effective as of the date
first above written. 
  

					
		 	ATLAS RESOURCE PARTNERS, L.P.
		
		 	By: Atlas Resource Partners GP, LLC, its general partner
			
		 	By:	 	 /s/ Daniel Herz

		 		 	Daniel Herz
		 		 	Senior Vice President of Corporate Development and Strategy
		
	 Address for notices:
	 	Atlas Resource Partners, L.P.
		 	1000 Commerce Dr., Suite 400
		 	Pittsburgh, PA 15275
		 	Fax:	 	215-405-3882
		 	Attn:	 	Sean P. McGrath
		
	 With copies to:
	 	Ledgewood, P.C.
		 	1900 Market Street, Suite 750
		 	Philadelphia, PA 19103
		 	Fax:	 	215-735-2513
		 	Attn:	 	J. Baur Whittlesey
		 		 	Mark E. Rosenstein

  
 Signature
Page to Purchase Agreement 

 IN WITNESS WHEREOF, the Parties hereto execute this Agreement, effective as of the date
first above written. 
  

					
		 	ATLAS ENERGY, L.P.
		
		 	By: Atlas Energy GP, LLC, its general partner
			
		 	By:	 	 /s/ Sean P. McGrath

		 	Name:	 	Sean P. McGrath
		 	Title:	 	Chief Financial Officer
		
	 Address for notices:
	 	Atlas Resource Partners, L.P.
		 	1000 Commerce Dr., Suite 400
		 	Pittsburgh, PA 15275
		 	Fax:	 	215-405-3882
		 	Attn:	 	Sean P. McGrath

  
 Signature
Page to Purchase Agreement 

 Schedule 2.01 

 

											
	Purchaser’s
Allocated
Purchase Price	 	 	Class C Units	 	 	Warrants	 
	$	124,999,990	  	 	 	5,411,255	  	 	 	811,688	  

  
 Signature
Page to Purchase Agreement 

 EXHIBIT A 

FORM OF GENERAL PARTNER’S CERTIFICATE 
 ATLAS RESOURCE PARTNERS, L.P. 
 General Partner’s Certificate

 Pursuant to Section 6.02(b) of the Class C Preferred Unit Purchase Agreement, dated as of
            , 2013 (the “Agreement”), by and among Atlas Resource Partners, L.P., a Delaware limited partnership (“Atlas Resource Partners”) and Atlas
Energy, L.P. (“Purchaser”), the undersigned hereby certifies on behalf of Atlas Resource Partners, as follows (capitalized terms used but not defined herein have the meaning assigned to them in the Agreement): 

(A) Atlas Resource Partners has performed and complied with the covenants and agreements contained in the Agreement in all
material respects that are required to be performed and complied with by Atlas Resource Partners on or prior to the date hereof. 
 (B) The representations and warranties of Atlas Resource Partners contained in the Agreement that are qualified by materiality or material adverse effect are true and correct as of the date of the
Agreement and as of the date hereof and all other representations and warranties are true and correct in all material respects as of the date of the Agreement and as of the date hereof, except that representations made as of a specific date are true
and correct as of such date only. 
  

							
	Dated:             , 2013	 		 	ATLAS RESOURCE PARTNERS GP, LLC
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

 EXHIBIT B 

FORM OF CERTIFICATE OF DESIGNATION OF THE POWERS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL, AND OTHER SPECIAL RIGHTS AND
QUALIFICATIONS, LIMITATIONS AND RESTRICTIONS THEREOF 
 OF 

CLASS C CONVERTIBLE PREFERRED UNITS 
 ATLAS RESOURCE PARTNERS, L.P., a Delaware limited partnership (the “Partnership”), pursuant to the provisions of the Delaware Revised Uniform Limited Partnership Act and its
Limited Partnership Agreement, does hereby state and certify that, pursuant to the authority expressly vested in ATLAS RESOURCE PARTNERS GP, LLC, its general partner (the “General Partner”), the General Partner duly adopted
the following resolution, which remains in full force and effect as of the date hereof: 
 RESOLVED, that the Certificate
of Designation of the Class C Convertible Preferred Units of the Partnership dated as of [            ], 2013 (this “Certificate of Designation”) be and hereby is
adopted as follows: 
 RESOLVED, that each of the Class C Convertible Preferred Units rank equally in all respects with
one another and shall be subject to the following terms and provisions: 
 1. Designation. There is hereby created
a series of units designated as the “Class C Convertible Preferred Units” (the “Preferred Units”). The number of Preferred Units shall be
[                    ] and the face value of each Preferred Unit shall be the Execution Date Unit Price (the “Face Value”).

 2. Definitions. For purposes of this Certificate of Designation, the following terms have the meanings ascribed
to them below. Capitalized terms used herein without definition have the meanings ascribed to such terms in the Limited Partnership Agreement. 
 “Certificate of Designation” has the meaning assigned to it in the recitals hereof. 
 “Conversion Agent” means such bank, trust company or other Person (including the General Partner or one of its Affiliates) as shall be appointed from time to time by the General
Partner or the Partnership to act as conversion agent for the Preferred Units; provided, that if no Conversion Agent is specifically designated for the Preferred Units, the General Partner shall act in such capacity. 

“Conversion Rate” has the meaning assigned to it in Section 7 hereof. 

“Distribution Payment Date” has the meaning assigned to it in Section 3 hereof. 

 “Execution Date Unit Price” means
$[        ]1.

 “Expiration Date” has the meaning assigned to it in Section 9(d) hereof. 

“Ex-distribution Date” is the first date upon which a sale of Common Units that will settle regular way (T+3)
will not transfer the right to receive the relevant issuance or distribution from the seller of Common Units to its buyer. 

“Face Value” has the meaning assigned to it in Section 1 hereof. 

“Fair Market Value” of property means the amount that a willing buyer would pay a willing seller in an
arm’s-length transaction of such property, unless otherwise stated, as determined in good faith by the Partnership. 

“General Partner” has the meaning assigned to it in the recitals hereof. 

“Holder” means the Person in whose name Preferred Units are registered, which the Partnership and the Conversion
Agent shall deem to be the owner of such Preferred Units for the purpose of making distributions on, and settling conversions of, as well as for other purposes relating to, such Preferred Units. 

“Junior Units” means interests in the Partnership that, with respect to distributions on such interests and
distributions upon liquidation of the Partnership, rank junior to the Preferred Units, including but not limited to the Common Units. “Junior Units” do not include Class A Units, Class B Units or Incentive Distribution
Rights. 
 “Limited Partnership Agreement” means the Amended and Restated Agreement of Limited
Partnership of the Partnership dated as of March 13, 2012, as amended from time to time. 
 “Liquidation
Value” has the meaning assigned to it in Section 4 hereof. 
 “Mandatory Conversion
Date” means [            ], 20162. 
 “Market Disruption Event” means the occurrence or
existence for more than one-half hour in the aggregate on any Scheduled Trading Day for the Common Units of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the New York Stock Exchange or
otherwise) or quoting, if applicable, in the Common Units or in any options, contracts or future contracts relating to the Common Units and such suspension or limitation occurs or exists at any time before 1:00 p.m., New York City time, on such day.

 “Officer” means any of the Chief Executive Officer, the President, the Chief Operating Officer, the
Chief Financial Officer, any Vice President, the Treasurer, any Assistant Treasurer, the Controller, any Assistant Controller, the Secretary or any Assistant Secretary of the General Partner. 

 
  

	1 	ARP’s 10 day VWAP 

	2 	3 years from the date of issuance. 

  
 2 

 “Optional Conversion Date” has the meaning assigned to it in
Section 8(a) hereof. 
 “Partnership” has the meaning assigned to it in the recitals hereof.

 “Preferred Distributions” has the meaning assigned to it in Section 3 hereof. 

“Purchase Agreement” has the meaning assigned to it in Section 5 hereof. 

“Record Date” means (i) with respect to distributions on Common Units or Preferred Units, the date
established by the General Partner prior to any Distribution Payment Date on which a holder of Common Units or Preferred Units, as the case may be, must be a holder on the books of the Partnership to receive the applicable distribution, and
(ii) with respect to any distribution on Common Units where, or other transaction or event in which, the holders of Common Units have the right to receive any cash, security or other property, or transaction or event in which Common Units are
exchanged for or converted into any combination of cash, securities or other property, the date fixed for determination of holders of Common Units entitled to receive such cash, securities or other property (whether such date is fixed by the General
Partner or by statute, contract or otherwise). Such Record Date shall apply regardless of whether a particular Record Date is a Business Day. 
 “Reference Property” has the meaning assigned to it in Section 11(a) hereof. 
 “Reorganization Event” has the meaning assigned to it in Section 11(a) hereof. 
 “Reorganization Event Conversion” has the meaning assigned to it in Section 10 hereof. 
 “Reorganization Event Conversion Date” has the meaning assigned to it in Section 10 hereof. 
 “Scheduled Trading Day” means any day that is scheduled to be a Trading Day on the principal U.S. national or regional securities exchange or market on which Common Units are
listed or admitted for trading or, if Common Units are not listed or admitted for trading on any U.S. national or regional securities exchange or market, a Business Day. 
 “Spin-off” has the meaning assigned to it in Section 9(c) hereof. 
 “Tender Offer Valuation Period” has the meaning assigned to it in Section 9(c) hereof. 
 “Trading Day” means any day on which (i) there is no Market Disruption Event and (ii) (x) the New York Stock Exchange is open for trading, or, if the Common Units
are not listed on the New York Stock Exchange, the principal U.S. national or regional securities exchange on which the Common Units are listed is open for trading, (y) if the Common Units are

  
 3 

 
not traded on a U.S. national or regional securities exchange but are quoted on the over-the-counter market by Pink OTC Markets Inc. or a similar organization, Pink OTC Markets Inc. or such
similar organization, as applicable, is open for quoting or (z) if the Common Units are not traded on a U.S. national or regional securities exchange nor quoted by Pink OTC Markets Inc. or a similar organization, such day is a Business Day. A
“Trading Day” only includes those days that have a scheduled closing time of 4:00 p.m., New York City time, or the then standard closing time for regular trading on the relevant exchange or trading system or, if applicable,
regular quoting on the relevant quotation system. 
 “Valuation Period” has the meaning assigned to it
in Section 9(c) hereof. 
 “Voting Stock” of any person as of any date means the
equity interests of such person pursuant to which the holders thereof have the general voting power under ordinary circumstances to elect at least a majority of the board of directors, managers, general partners or trustees of such person
(regardless of whether, at the time, equity interests of any other class or classes shall have, or might have, voting power by reason of the occurrence of any contingency) or, with respect to a partnership (whether general or limited), any general
partner interest in such partnership. 
 3. Distributions; Allocations. A Holder shall be entitled to receive, on
any Distribution Payment Date, distributions payable in cash in an amount equal to the greater of (a) $0.51 and (b) the quarterly Common Unit distribution payable for the most recently completed Quarter, in each case multiplied by the
number of Common Units into which such Preferred Unit is convertible pursuant to Section 7 (the “Preferred Distributions”), prior to any other distributions pursuant to Sections 6.4 or 6.5 of the Limited Partnership
Agreement in respect of Junior Units; provided that the Holders of Preferred Units shall not be entitled to any distribution in respect of the Quarter ending June 30, 2013 or any Quarter prior thereto. Preferred Distributions shall be
paid in any Quarter on the same date as the distribution payment date for Common Units, and the Record Dates for distributions on the Preferred Units and Common Units shall be the same; provided that (i) the first Preferred Distribution shall
be for the Quarter ending September 30, 2013, (ii) if no distribution is paid with respect to the Common Units for any Quarter, the distribution payment date for the Preferred Units shall be set by the General Partner to be a date no later
than the 45th day following the end of such Quarter (the date distributions are paid on the Preferred Units, as set forth above, a “Distribution Payment Date”). If the Partnership fails to pay in full any Preferred
Distribution (or portion thereof), then (x) the General Partner shall cause the Partnership to pay such unpaid Preferred Distribution at such time and with such special Record Date as it may select and (y) the Partnership shall not be
permitted to, and shall not, make any distributions in respect of any Junior Units unless and until all unpaid Preferred Distributions have been paid in full. No interest shall accrue or be paid with respect to any unpaid distribution to the Holders
of Preferred Units. 
 4. Liquidation Value. In the event of any liquidation, dissolution or winding up of the
Partnership or the sale or other disposition of all or substantially all of the assets of the Partnership, either voluntary or involuntary, the Holders of the Preferred Units shall be entitled to receive, out of the assets of the Partnership
available for distribution to unit holders, prior and in preference to any distribution of any assets of the Partnership to the holders of any other existing or subsequently created Junior Units, an amount equal to the Face Value per Preferred

  
 4 

 
Unit plus all unpaid Preferred Distributions (collectively, the “Liquidation Value”). The foregoing shall not affect any rights which Holders of Preferred Units may have
to monetary damages. 
 5. Issuance of Preferred Units. The Preferred Units shall be issued by the Partnership
pursuant to a Class C Preferred Unit Purchase Agreement, dated as of [             ], 2013 (the “Purchase Agreement”), by and between the Partnership and Atlas
Energy, L.P. 
 6. Voting Rights. Except as provided herein or as a result of requirements imposed by Delaware
law, the Preferred Units shall have no voting rights. The affirmative vote of at least 75% of the outstanding Preferred Units shall be necessary for repeal of this Certificate of Designation or the Certificate of Limited Partnership or Limited
Partnership Agreement or any amendment to the Limited Partnership Agreement that may adversely affect any of the rights, preferences, obligations or privileges of the Preferred Units, except that no Holder of Preferred Units shall have any voting
rights with respect to a Reorganization Event except to the extent it has converted any of its Preferred Units to Common Units at or prior to the Record Date for Common Units to vote or consent with respect to any Reorganization Event. 

7. Conversion. 
 (a) Each Preferred Unit, unless previously converted, shall automatically convert on the Mandatory Conversion Date into a number of Common Units equal to the Liquidation Value divided by the Execution
Date Unit Price (the “Conversion Rate”), subject to adjustment pursuant to Section 9 hereof. 
 (b)
Holders shall have the right to convert their Preferred Units, in whole or in part, at any time prior to the Mandatory Conversion Date, into Common Units at the Conversion Rate, subject to adjustment pursuant to Section 9 hereof. 

8. Conversion Procedures. 
 (a) In order to exercise the right to convert Preferred Units prior to the Mandatory Conversion Date under Section 7(b), a Holder of such Preferred Units must: 

(1) complete and manually sign the “Notice of Optional Conversion” (attached as Exhibit A hereto) or a facsimile thereof;

 (2) deliver the completed Notice of Optional Conversion; 

(3) if required, furnish appropriate endorsements and transfer documents to the Conversion Agent to the extent that Common Units issued,
or cash paid by the Partnership, upon conversion of Preferred Units are to be issued in a name or paid to a Person other than the Holder; and 
 (4) pay all transfer or similar taxes, if any, required, under Section 8(b). 

The date that a Holder satisfies the foregoing requirements, or the requirements set forth in Section 8(b), if applicable, is the
“Optional Conversion Date.” 

  
 5 

 (b) The Partnership shall pay any documentary, stamp or similar issue or transfer taxes that
may be payable in respect of any issuance or delivery of Common Units upon conversion of Preferred Unit, other than the transfer taxes payable upon the issuance of Common Units upon conversion of Preferred Units in a name or names other than that of
the Holder, which shall be paid by the converting Holder. 
 (c) Effective immediately prior to 5:00 p.m., New York City time, on
the Mandatory Conversion Date or Optional Conversion Date, distributions on the converted Preferred Units shall cease to accrue and the converted Preferred Units shall cease to be outstanding, in each case subject to the right of Holders of such
converted Preferred Units to receive the consideration issuable upon conversion which they are entitled to pursuant to Section 7 hereof. 
 (d) As of 5:00 p.m., New York City time, on the applicable Mandatory Conversion Date or Optional Conversion Date, as applicable, the issuance by the Partnership of Common Units upon conversion of
Preferred Units shall become effective and the Person entitled to receive such Common Units shall be treated for all purposes as the record holder or holders of such Common Units. Prior to 5:00 p.m., New York City time, on the applicable Mandatory
Conversion Date or Optional Conversion Date, as the case may be, the Common Units issuable upon conversion shall be deemed not outstanding for any purpose, and Holders of Preferred Units shall have no rights with respect to the Common Units issuable
upon conversion by virtue of holding Preferred Units. 
 (e) In connection with the conversion of any Preferred Unit, no
fractional Common Units shall be issued to the converting Holder. In lieu of any fractional Common Units issuable to a Holder upon conversion, the Partnership shall pay or deliver, as applicable, to the converting Holder, at its option, either
(i) a number of Common Units rounded up to the next whole number of units, or (ii) an amount in cash (computed to the nearest cent) equal to the product of that same fraction and the Closing Price of Common Units on the Trading Day
immediately preceding the Mandatory Conversion Date or Optional Conversion Date, as applicable. 
 (f) If more than one Preferred
Unit shall be surrendered for conversion at one time by or for the same Holder, the number of Common Units issuable upon conversion of those Preferred Units shall be computed on the basis of the aggregate number of Preferred Units so surrendered.

 (g) (i) With respect to any conversion of Preferred Units prior to the Mandatory Conversion Date, 

(1) promptly following the Optional Conversion Date, the Partnership shall instruct the Conversion Agent to deliver or cause to be
delivered to the converting Holder confirmation by book entry of the whole number of Common Units issued upon conversion of such Preferred Units; and 
 (2) on the Business Day immediately following the Partnership Optional Conversion Date, the Partnership shall deliver or cause to be delivered to the converting Holder any cash payment for any fractional
units that the Partnership is obligated to pay under Section 8(e). 

  
 6 

 (ii) With respect to the mandatory conversion of Preferred Units under
Section 7(a), 
 (1) promptly following the Mandatory Conversion Date, the Partnership shall instruct the Conversion Agent
to deliver or cause to be delivered to the converting Holder confirmation by book entry of the whole number of Common Units issued upon conversion of such Preferred Units, and 
 (2) on the Business Day immediately following the Mandatory Conversion Date, the Partnership shall deliver or cause to be delivered to the converting Holder any cash payment for any fractional units that
the Partnership is obligated to pay under Section 8(e). 
 9. Conversion Rate Adjustments. The Conversion
Rate shall be adjusted from time to time by the Partnership in accordance with the provisions of this Section 9. 
 (a) If
the Partnership issues Common Units as a distribution to all or substantially all holders of Common Units, or if the Partnership effects a split or combination of Common Units, the Conversion Rate shall be adjusted based on the following formula:

 CR1 = CR0 × OS1 / OS0 

where, 
 CR0 = the
Conversion Rate in effect immediately prior to the adjustment relating to such event; 
 CR1 = the new Conversion Rate in effect taking such event into account;

 OS0 = the number of Common Units outstanding immediately prior to the effective time of the adjustment relating to such event;
and 
 OS1 = the number of Common Units outstanding immediately after the effective time of the adjustment relating to such event
(giving effect to such distribution, split or share combination, as applicable, as of such effective time). 
 Any adjustment
made pursuant to this Section 9(a) shall become effective immediately after 5:00 p.m., New York City time, on the Record Date or the effective date of such split or combination, as applicable. If any distribution of the type described in this
Section 9(a) is not so paid or made, or the outstanding Common Units are not split or combined, as the case may be, the new Conversion Rate shall be immediately readjusted, effective as of the date the General Partner determines not to pay such
distribution or to effect such split or combination, to the Conversion Rate that would then be in effect if such distribution, split or combination had not been announced. 

  
 7 

 (b) If the Partnership issues to all or substantially all holders of Common Units any
rights, warrants, options or other securities entitling them to subscribe for or purchase Common Units, or if the Partnership issues to all holders of Common Units securities convertible into Common Units, in either case at an exercise price per
Common Unit or a conversion price per Common Unit less than the volume-weighted average of the Closing Prices of Common Units over the ten consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the
Ex-distribution Date for such issuance, the Conversion Rate shall be adjusted based on the following formula: 
 CR1 = CR0 × (OS0 + X) / (OS0 + Y) 
 where, 
 CR0 = the Conversion Rate in effect immediately prior to the adjustment
relating to such event; 
 CR1 = the new Conversion Rate in effect taking such event into account; 

OS0 = the number of Common Units outstanding immediately prior to the effective time of the adjustment relating to such event;

 X = the total number of Common Units issuable pursuant to such rights, warrants, options, convertible securities or other
securities; and 
 Y = the number of Common Units equal to the quotient of (A) the aggregate price payable to exercise such
rights, warrants, options, convertible securities or other securities and (B) the average of the Closing Prices of Common Units over the ten consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the
Ex-distribution Date for such issuance. 
 Any adjustment made pursuant to this Section 9(b) shall become effective
immediately after 5:00 p.m., New York City time, on the Record Date. For purposes of this Section 9(b), in determining whether any rights, warrants, options, convertible securities or other securities entitle the holders of Common Units to
subscribe for or purchase, or exercise a conversion right for, Common Units at less than the applicable average of the Closing Prices of Common Units, and in determining the aggregate exercise or conversion price payable for such Common Units, there
shall be taken into account any consideration the Partnership receives for such rights, warrants, options, convertible securities or other securities and any amount payable on exercise or conversion thereof, with the value of such consideration, if
other than cash, to be determined by the General Partner in good faith. If any rights, warrants, options, convertible securities or other securities described in this Section 9(b) are not so issued, the Conversion Rate shall be readjusted,
effective as of the date the General Partner publicly announces its decision not to issue such rights, warrants, options, convertible securities or other securities, to the Conversion Rate that would then be in effect without such issuance. If any
rights, warrants, options, convertible securities or other securities described in this Section 9(b) are not exercised or converted prior to the expiration of the exercisability or convertibility thereof, the new Conversion Rate shall be
readjusted to the Conversion Rate that would then be in effect if 

  
 8 

 
the adjustments made upon the issuance of such right, warrant, option, convertible security or other securities had been made on the basis of the delivery of only the number of Common Units
actually delivered. 
 (c) (i) If the Partnership distributes evidences of its indebtedness or its other assets or property
to all or substantially all holders of Common Units, excluding: 
 (A) distributions, rights, warrants, options, convertible
securities or other securities as to which an adjustment was effected pursuant to Section 9(a) or (b) hereof, 
 (B)
distributions paid exclusively in cash, and 
 (C) Spin-offs described in this Section 9(c), 

then the Conversion Rate shall be adjusted based on the following formula: 

CR1 = CR0 × SP0 / (SP0 – FMV) 
 where, 
 CR0 = the Conversion Rate in effect immediately prior to the adjustment
relating to such event; 
 CR1 = the new Conversion Rate taking such event into account; 

SP0 = the average of the Closing Prices of Common Units over the ten consecutive Trading Day period ending on the Trading Day
immediately preceding the Ex-distribution Date for such distribution; and 
 FMV = the Fair Market Value (as determined by the
General Partner in good faith) of the evidences of indebtedness, assets or property distributed with respect to each outstanding Common Unit as of the Ex-distribution Date for such distribution. 

An adjustment to the Conversion Rate made pursuant to this Section 9(c)(i) shall be made successively whenever any such distribution
is made and shall become effective immediately after 5:00 p.m., New York City time, on the Record Date. 
 (ii) If the
Partnership distributes, to all holders of Common Units, common units of any class or series or any similar equity interest of or relating to a Subsidiary or other business unit of the Partnership, and such units or equity interests are listed for
trading on a U.S. national securities exchange (a “Spin-off”), the Conversion Rate shall be adjusted based on the following formula: 

CR1 = CR0 × (FMV0 + MP0) / MP0 

where, 

  
 9 

 CR0 = the Conversion Rate in effect immediately prior to the adjustment relating to such event; 

CR1 = the new Conversion Rate taking such event into account; 

FMV0 = the average of the Closing Prices of the equity interest distributed to holders of Common Units applicable to one Common
Unit over the first ten consecutive Trading Day period commencing on, and including, the Trading Day following the effective date of such Spin-off (such period, the “Valuation Period”); and 

MP0 = the average of the Closing Prices of Common Units over the Valuation Period. 

If the application of the foregoing formula would result in a decrease in a fixed conversion rate, no adjustment to the Conversion Rate
shall be made. An adjustment to the Conversion Rate made pursuant to this Section 9(c)(ii) shall occur on the final Trading Day of the Valuation Period; provided, that in respect of any conversion of Preferred Units within the ten
consecutive Trading Days immediately following the date of the Spin-off, references with respect to the Spin-off to “ten consecutive Trading Day period” shall be deemed replaced with such lesser number of Trading Days as have elapsed
between the effective date of such Spin-off and the Mandatory Conversion Date or Optional Conversion Date, as applicable, in determining the Conversion Rate. 
 (iii) If any such distribution or distribution described in this Section 9(c) is not paid or made, the new Conversion Rate shall be readjusted, effective as of the date the General Partner publicly
announces its decision not to pay such distribution or distribution, to the Conversion Rate that would then be in effect without such distribution or distribution. 
 (d) If the Partnership or any Subsidiary makes a payment in respect of a tender or exchange offer for Common Units (other than a tender offer solely to holders of fewer than 100 Common Units), to the
extent that the cash and value of any other consideration included in the payment per Common Unit exceeds the average of the Closing Prices of Common Units over the ten consecutive Trading Day period commencing on the Trading Day next succeeding the
last date on which tenders or exchanges may be made pursuant to such tender or exchange offer (the “Expiration Date”), the Conversion Rate shall be adjusted based on the following formula: 

CR1 = CR0 × (AC + (SP1 × OS1)) / (SP1 × OS0) 

where, 
 CR0 = the
Conversion Rate in effect immediately prior to the adjustment relating to such event; 
 CR1 = the new Conversion Rate taking such event into account; 

  
 10 

 AC = the Fair Market Value (as determined by the General Partner in good faith), on the
Expiration Date, of the aggregate value of all cash and any other consideration paid or payable for units accepted for purchase or exchange in such tender or exchange offer; 

OS0 = the number of Common Units outstanding immediately prior to the Expiration Date (prior to giving effect to such tender
offer or exchange offer); 
 OS1 = the number of Common Units outstanding immediately after the Expiration Date (after giving effect to such tender offer
or exchange offer); and 
 SP1 = the average of the Closing Prices of Common Units over the ten consecutive Trading Day period commencing on the Trading
Day next succeeding the Expiration Date (such period, the “Tender Offer Valuation Period”). 
 If the
application of the foregoing formula would result in a decrease in the Conversion Rate, no adjustment to the Conversion Rate shall be made. Any adjustment to the Conversion Rate made pursuant to this Section 9(d) shall become effective
immediately after 5:00 p.m., New York City time, on the final Trading Day of the Tender Offer Valuation Period; provided, that in respect of any conversion within the ten consecutive Trading Days next succeeding the Expiration Date,
references with respect to “ten consecutive Trading Day period” shall be deemed replaced with such lesser number of Trading Days as have elapsed between the Expiration Date and the Mandatory Conversion Date, Optional Conversion Date or
Reorganization Event Conversion Date, as applicable, in determining the Conversion Rate. 
 If the Partnership or one of its
Subsidiaries is obligated to purchase Common Units pursuant to any such tender or exchange offer, but the Partnership, or such Subsidiary, is permanently prevented by applicable law from effecting any such purchase, or all such purchases are
rescinded, then the new Conversation Rate shall be readjusted to be the Conversion Rate that would then be in effect if such tender or exchange offer had not been made. 
 (e) Notwithstanding the provisions of this Section 9, no adjustment to the Conversion Rate shall be made if Holders may participate in the transaction that would otherwise give rise to such
adjustment on an as-converted basis and without converting their Preferred Units. 
 (f) Notwithstanding the provisions of this
Section 9, no adjustment to the Conversion Rate need be made if the Common Units to be issued upon conversion will actually receive the consideration provided in, or be subject to, the transaction or event that would otherwise trigger the
adjustment. 
 (g) No adjustment to the Conversion Rate shall be required unless such adjustment would require an increase or
decrease of at least one percent (1%) of the Conversion Rate then in effect; provided, that any adjustments that by reason of this Section 9(g) are not required to be made shall be carried forward and taken into account in any
subsequent adjustment. All calculations under this Section 9 shall be made by the Partnership and 

  
 11 

 
shall be made to the nearest cent or to the nearest one-ten thousandth (1/10,000th) of a unit, as the case may be. Notwithstanding the foregoing, all adjustments not previously made shall
have effect with respect to any conversion of Preferred Units. 
 (h) To the fullest extent permitted by law, the Partnership may
(but is not required to) make such increases in the Conversion Rate, in addition to those required by this Section 9, as the General Partner considers to be advisable to avoid or diminish any income tax to holders of Common Units or rights to
purchase Common Units resulting from any distribution or distribution of Common Units (or rights or warrants to acquire Common Unit) or from any event treated as such for income tax purposes. To the fullest extent permitted by applicable law, the
Partnership from time to time may (but is not required to) increase the Conversion Rate by any amount for any period of time if the period is at least 20 days and the increase is irrevocable during the period and the General Partner determines in
good faith that such increase would be in the best interest of the Partnership, which determination shall be conclusive. 
 (i)
If the Partnership shall be required to withhold taxes on constructive distributions to a Holder and the Partnership pays the applicable withholding taxes, the Partnership may, at its option, set off any such payment against cash, Common Units or
other assets distributable or payable to such Holder. 
 (j) Whenever the Conversion Rate is adjusted as herein provided, the
Partnership shall promptly file with the Conversion Agent an Officer’s certificate setting forth the Conversion Rate after such adjustment and a brief statement setting forth in reasonable detail the method by which the adjustment to the
Conversion Rate was determined. Unless and until a responsible officer of the Conversion Agent shall have received such Officer’s certificate, the Conversion Agent shall not be deemed to have knowledge of any adjustment of the Conversion Rates
and may assume that the last Conversion Rates of which it has knowledge are still in effect. Promptly after delivery of such certificate, the Partnership shall prepare a notice of such adjustment of Conversion Rates setting forth the adjusted
Conversion Rates and the date on which each adjustment becomes effective and shall promptly mail such notice of adjustment of the Conversion Rate to each Holder at its last address appearing in the Unit register. Failure to deliver such notice shall
not affect the legality or validity of any such adjustment. 
 10. Conversion Upon Certain Reorganization Events.
If an event described in Section 11(a) is anticipated to occur in which the Partnership is not the surviving entity, then the Partnership may, at its option, cause the conversion of all, but not less than all, outstanding Preferred Units (the
“Reorganization Event Conversion”). The Reorganization Event Conversion shall occur on the effective date of such Reorganization Event (the “Reorganization Event Conversion Date”). If the Partnership
exercises this option, each Holder of the Preferred Units shall receive the Reference Property. In order for the Partnership to exercise its option for a Reorganization Event Conversion, the Partnership must provide written notice to the Holders not
later than 30 days prior to the anticipated effective date of the Reorganization Event. 

  
 12 

 11. Effect of Reclassification, Consolidation, Merger or Sale on Conversion.

 (a) Subject to the Partnership’s right to convert the Preferred Units under Section 10, in the event of: 

(i) any consolidation, merger or combination of the Partnership with or into another Person (other than a merger or consolidation in which
the Partnership is the continuing Partnership and in which the Common Units outstanding immediately prior to the merger or consolidation are not exchanged for cash, securities or other property of the Partnership or another Person); 

(ii) any sale, transfer, lease or conveyance of all or substantially all of the properties and assets of the Partnership to any other
person; or 
 (iii) any statutory exchange of the Partnership’s securities with another Person (other than in connection
with a merger or acquisition covered by clause (i) above), 
 in each case where Common Units are exchanged for, or
converted into, stock, securities, property or assets (including cash or any combination thereof) (a “Reorganization Event”), each Preferred Unit outstanding immediately prior to such Reorganization Event shall, without the
consent of the Holder, become convertible into the kind of securities, cash and other property that such Holder would have been entitled to receive if such Holder had converted its Preferred Units into Common Units immediately prior to such
Reorganization Event (the “Reference Property”). In such event, on the Reorganization Event Conversion Date, the applicable Conversion Rate then in effect shall be applied to determine the amount and value of securities, cash
or property a Holder would have received in such transaction (without interest thereon and without any right to distributions thereon which have a Record Date prior to the date such Preferred Units are actually converted). 

(b) Subject to the notice requirements of Section 10 regarding certain transactions as set forth in Section 11(a), the
Partnership shall cause notice of the application of this Section 11 to be delivered to each Holder at the address of such Holder within twenty (20) days after the occurrence of any of the events specified in Section 11(a). Failure to
deliver such notice shall not affect the legality or validity of any conversion pursuant to this Section 11. 
 (c) The
above provisions of this Section 11 shall similarly apply to successive reclassifications, changes, consolidations, mergers, combinations, sales and conveyances, provided, that if Section 10 applies to any event or occurrence, this
Section 11 shall not apply to such event or occurrence. 
 12. Notices. The Partnership shall distribute to
the Holders of Preferred Units copies of all notices, materials, annual and quarterly reports, proxy statements, information statements and any other documents distributed generally to the holders of Common Units of the Partnership, at such times
and by such method as such documents are distributed to such holders of such Common Units. 

  
 13 

 13. No Reissuance. No Preferred Units acquired by the Partnership by reason of
redemption, purchase, conversion or otherwise shall be reissued. 
 14. Transfers. No Preferred Unit shall be
transferable by any Holder of Preferred Units, except in compliance with all federal and applicable state securities laws. Prior to any transfer, and as a condition thereto, the General Partner may require such documentation, including appropriate
opinions of legal counsel, as it, in its sole discretion, deems necessary. 
 15. Severability of Provisions. If
any right, preference or limitation of the Preferred Units set forth in this Certificate of Designation (as this Certificate of Designation may be amended from time to time) is invalid, unlawful or incapable of being enforced by reason of any rule
or law or public policy, all other rights, preferences and limitations set forth in this Certificate of Designation, which can be given effect without the invalid, unlawful or unenforceable right, preference or limitation shall nevertheless remain
in full force and effect, and no right, preference or limitation herein set forth be deemed dependent upon any such other right, preference or limitation unless so expressed herein. 

[Signature Page Follows] 

  
 14 

 IN WITNESS WHEREOF, this Certificate of Designation has been duly executed as of the date first above
written. 
  

			
	ATLAS RESOURCE PARTNERS, L.P.
	
	By: ATLAS RESOURCE PARTNERS GP, LLC, its general partner
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 15 

 EXHIBIT A 
 NOTICE OF OPTIONAL CONVERSION 
 The undersigned hereby irrevocably elects to convert the
                     (the “Preferred Units”), represented by book entry with the Partnership’s transfer agent, into Common
Units of                     . Unless otherwise specified below, the undersigned elects to convert all Preferred Units represented by book
entry. If units are to be issued in the name of a person other than the undersigned, the undersigned shall pay all transfer taxes payable with respect thereto. 
 The Partnership is not required to issue Common Units until the original Preferred Unit to be converted, the required cash payment, if any, and required transfer taxes, if any, are received by the
Partnership or its transfer agent. 
 Name of registered holder of Preferred Units to be converted: 

 

					
	Signature:	 	                             
                           	 	
			
	Name:	 	                             
                           	 	
			
	Address:	 	  
	 	
		
	  
	 	

 Fax No.:
                                         
                            
 Number of Preferred Units to be converted (if less than all units represented by book entry with the Partnership’s transfer agent):
                                         
         
 Name of the Person in which Common Units issuable upon conversion are to be issued (if
different from the undersigned):
                                        
          

  
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 EXHIBIT C 

FORM OF COMMON UNIT PURCHASE WARRANT 
 THIS WARRANT AND THE SECURITIES FOR WHICH THIS WARRANT MAY BE EXERCISED (COLLECTIVELY, THE “SECURITIES”) HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER, OR AN EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF, THE SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE STATE SECURITIES LAWS. 
 ATLAS RESOURCE PARTNERS,
L.P. 
 WARRANT TO PURCHASE COMMON UNITS

  

			
	Warrant No.:	 	Number of Common Units:                

 Atlas Resource Partners, L.P., a Delaware limited partnership (the “Partnership”), hereby certifies
that, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, [                     ], the registered
holder hereof or its permitted assigns (the “Holder”), is entitled, subject to the terms set forth below, to purchase from the Partnership, at any time or times on or after the Warrant Date (as defined in Section 1 (xiii)), but
not after 11:59 P.M. New York Time on the Expiration Date (as defined herein) [                    (
                    )] Common Units (as defined in Section 1(iii) below) (the “Warrant Units”) at the Warrant Exercise Price
(as defined in Section 1(xv) below). 
 Section 1. Definitions. The following words and terms as used in this
Warrant shall have the following meanings: 
 (i) “Business Combination” means a merger, consolidation,
statutory share exchange or similar transaction that requires approval of the limited partners of the Partnership. 
 (ii)
“Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in the City of New York are authorized or required by law to remain closed. 

(iii) “Common Units” means (i) the Partnership’s common units of limited partnership interest, and
(ii) any capital securities into which such Common Units shall have been changed or any capital securities resulting from a reclassification of such Common Units. 
 (iv) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

  
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 (v) “Expiration Date” means
[            ], 20163. 
 (vi) “Ordinary Cash Distribution” means a cash distribution
to Common Units out of Available Cash, as such term is defined in the Partnership Agreement. 
 (vii) “Partnership
Agreement” means the Partnership Agreement of the Partnership, as the same may be amended from time to time. 
 (viii)
“Person” means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization or a government or any department or agency thereof or any other legal entity.

 (ix) “Principal Market” means, with respect to the Common Units or any other security, the New York Stock
Exchange, or, if the Common Units or such other security is not traded on the New York Stock Exchange, then the principal securities exchange or trading market for the Common Units or such other security. 

(x) “Pro Rata Repurchases” means any purchase of Common Units by the Partnership or any affiliate thereof pursuant to
(A) any tender offer or exchange offer subject to Section 13(e) or 14(e) of the Exchange Act or Regulation 14E promulgated thereunder or (B) any other offer available to substantially all holders of Common Units, in the case of both
(A) or (B), whether for cash or securities of the Partnership, evidences of indebtedness of the Partnership or any other person or any other property (including, without limitation, shares of capital stock, other securities or evidences of
indebtedness of a subsidiary), or any combination thereof, effected while this Warrant is outstanding. The “Effective Date” of a Pro Rata Repurchase shall mean the date of acceptance of shares for purchase or exchange by the
Partnership under any tender or exchange offer which is a Pro Rata Repurchase or the date of purchase with respect to any Pro Rata Repurchase that is not a tender or exchange offer. 

(xi) “Registration Rights Agreement” means that agreement dated
[                    ], by and among the Partnership and the persons who have purchased Class C convertible preferred units of the Partnership.

 (xii) “Securities Act” means the Securities Act of 1933, as amended. 

(xiii) “Warrant” means this Warrant and all Warrants issued in exchange, transfer or replacement hereof pursuant to the
terms of this Warrant. 
 (xiv) “Warrant Date” means
[            ], 20134. 
 (xv) “Warrant Exercise Price” shall be equal to, with respect
to any Warrant Unit, $[        ]5, subject to adjustment as hereinafter provided. 
  

 

	3 	3 year anniversary from the date of issuance. 

	4 	To be a date that is 90 days following issuance. 

	5 	ARP’s 10 day VWAP 

  
 18 

 (xvi) “Weighted Average Price” means, for any security as of any date, the
dollar volume-weighted average price for such security on its Principal Market during the period beginning at 9:30 a.m., New York City Time (or such other time as the Principal Market publicly announces is the official open of trading), and ending
at 4:00 p.m., New York City Time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg Financial Markets (or any successor thereto, “Bloomberg”) through its
“Volume at Price” functions, or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at
9:30 a.m., New York City Time (or such other time as such over-the-counter market publicly announces is the official open of trading), and ending at 4:00 p.m., New York City Time (or such other time as such over-the-counter market publicly announces
is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest closing bid price and the lowest closing ask price of
any of the market makers for such security as reported in the “pink sheets” by the National Quotation Bureau, Inc. If the Weighted Average Price cannot be calculated for such security on such date on any of the foregoing bases, the
Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Partnership and the Holder. If the Partnership and the Holder are unable to agree upon the fair market value of the Common Units, then
such dispute shall be resolved pursuant to Section 2(a) below. All such determinations to be appropriately adjusted for any dividend, stock split, combination or other similar transaction during any period during which the Weighted Average
Price is being determined. 
 Section 2. Exercise of Warrant. 

(a) Subject to the terms and conditions hereof, Warrants may be exercised by the Holder, in whole or in part, at any
time on any Business Day on or after the opening of business on the Warrant Date and prior to 11:59 P.M. New York Time on the Expiration Date by (i) delivery of a written notice, in the form attached as Exhibit A hereto (the
“Exercise Notice”), of such holder’s election to exercise his Warrants, which notice shall specify the number of Warrant Units to be purchased and, (ii) payment to the Partnership of an amount equal to the Warrant Exercise
Price multiplied by the number of Warrant Units as to which his Warrant is being exercised (the “Aggregate Exercise Price”) by wire transfer of immediately available funds (or by check if the Partnership has not provided the holder
with wire transfer instructions for such payment). In the event of any exercise of the rights represented by the Warrant in compliance with this Section 2(a), the Partnership shall on the second (2nd) Business Day (the “Warrant Unit Delivery
Date”) following the date of its receipt of the later of the Exercise Notice and the Aggregate Exercise Price (the “Exercise Delivery Documents”), issue the Warrant Units to which the Holder shall be entitled by registering
such Warrant Units in the name of the Holder or its designee upon the books and records of the Partnership, the number of Common Units to which the Holder shall be entitled. Upon the later of the date of delivery of (x) the Exercise Notice and
(y) the Aggregate Exercise Price referred to in clause (ii) above, a Holder of Warrants shall be deemed for all purposes to have become the Holder of record of the Warrant Units with respect to which his Warrant has been exercised (the
date thereof being referred to as the “Deemed Issuance Date”), irrespective of the date of delivery of the Warrant Units. In the case of a dispute as to the determination of the Warrant Exercise Price, or the arithmetic calculation
of the number of Warrant Units, the Partnership shall promptly issue to the 

  
 19 

 
Holder the number of Warrant Units that is not disputed and shall submit the disputed determinations or arithmetic calculations to the Holder via facsimile within two (2) Business Days of
receipt of the Holder’s Exercise Notice. If the Holder and the Partnership are unable to agree upon the determination of the Warrant Exercise Price, or arithmetic calculation of the number of Warrant Units within one (1) Business Day of
such disputed determination or arithmetic calculation being submitted to the Holder, then the Partnership shall promptly submit via facsimile (i) the disputed determination of the Warrant Exercise Price to an independent, reputable investment
banking firm agreed to by the Partnership and the Holder of the Warrant or (ii) the disputed arithmetic calculation of the number of Warrant Units to its independent, outside public accountant. The Partnership shall direct the investment
banking firm or the accountant, as the case may be, to perform the determinations or calculations and notify the Partnership and the Holder of the results no later than two (2) Business Days after the date it receives the disputed
determinations or calculations. Such investment banking firm’s or accountant’s determination or calculation, as the case may be, shall be deemed conclusive absent demonstrable error. 

(b) If this Warrant is submitted for exercise, as may be required by Section 2(d), and unless the rights represented by this Warrant
shall have expired or shall have been fully exercised, the Partnership shall, as soon as practicable and in no event later than four (4) Business Days after receipt of this Warrant (the “Warrant Delivery Date”) and at its own
expense, issue a new Warrant identical in all respects to this Warrant except it shall represent rights to purchase the number of Warrant Units purchasable immediately prior to such exercise under this Warrant, less the number of Warrant Units with
respect to which such Warrant is exercised. 
 (c) No fractional Common Units are to be issued upon the exercise of this
Warrant, but rather the number of Common Units issued upon exercise of this Warrant shall be rounded up or down to the nearest whole number (with 0.5 rounded up). 
 (d) Book-Entry. Notwithstanding anything to the contrary set forth herein, upon exercise of this Warrant in accordance with the terms hereof, the Holder shall not be required to physically
surrender this Warrant to the Partnership unless it is being exercised for all of the Warrant Units represented by the Warrant. The Holder and the Partnership shall maintain records showing the number of Warrant Units exercised and issued and the
dates of such exercises or shall use such other method, reasonably satisfactory to the Holder and the Partnership, so as not to require physical surrender of this Warrant upon each such exercise. In the event of any dispute or discrepancy, such
records of the Partnership establishing the number of Warrant Units to which the Holder is entitled shall be controlling and determinative in the absence of demonstrable error. Notwithstanding the foregoing, if this Warrant is exercised as
aforesaid, the Holder may not transfer this Warrant unless the holder first physically surrenders this Warrant to the Partnership, whereupon the Partnership will forthwith issue and deliver upon the order of the Holder a new Warrant of like tenor,
registered as the holder may request, representing in the aggregate the remaining number of Warrant Units represented by this Warrant. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the
provisions of this paragraph, following exercise of any portion of this Warrant, the number of Warrant Units represented by this Warrant may be less than the number stated on the face hereof. Each Warrant shall bear the following legend: 

  
 20 

 ANY TRANSFEREE OF THIS WARRANT SHOULD CAREFULLY REVIEW THE TERMS OF THIS WARRANT, INCLUDING
SECTION 2(d) HEREOF. THE SECURITIES REPRESENTED BY THIS WARRANT MAY BE LESS THAN THE NUMBER SET FORTH ON THE FACE HEREOF PURSUANT TO SECTION 2(d) HEREOF. 
 Section 3. Covenants. The Partnership hereby covenants and agrees as follows: 
 (e) This Warrant is, and any Warrants issued in substitution for or replacement of this Warrant will upon issuance be, duly authorized and validly issued. 

(f) All Warrant Units that may be issued upon the exercise of the rights represented by the Warrants will, upon issuance, be validly
issued, fully paid and nonassessable, subject to applicable provisions of the Delaware Revised Uniform Limited Partnership Act. 

(g) During the period within which the rights represented by the Warrant may be exercised, the Partnership will at all times have
authorized and reserved a sufficient number of Common Units to provide for the exercise of the rights then represented by the Warrants. 
 (h) The Partnership shall promptly secure the listing of the Common Units issuable upon exercise of this Warrant on the Principal Market (subject to official notice of issuance upon exercise of this
Warrant) and each other market or exchange on which the Common Units are traded or listed and shall maintain, so long as any other Common Units shall be so traded or listed, such listing of all Common Units from time to time issuable upon the
exercise of this Warrant; and the Partnership shall so list on the Principal Market and each other market or exchange on which the Common Units are traded or listed and shall maintain such listing of, any other shares of capital stock of the
Partnership issuable upon the exercise of this Warrant if and so long as any shares of the same class shall be listed on the Principal Market and each other market or exchange on which the Common Units is traded or listed. 

(i) The Partnership will not, by amendment of its Partnership Agreement or through any reorganization, transfer of assets, consolidation,
merger, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed by it hereunder, but will at all times in good faith assist in the
carrying out of all the provisions of the Warrants and in the taking of all such action as may reasonably be requested by the Holder of any Warrant in order to protect the exercise privilege of such Holder against impairment, consistent with the
tenor and purpose of the Warrants. Without limiting the generality of the foregoing, the Partnership will take all such actions as may be necessary or appropriate in order that the Partnership may validly and legally issue Common Units upon the
exercise of any Warrants. 
 (j) The Warrants will be binding upon any entity succeeding to the Partnership by merger,
consolidation or acquisition of all or substantially all of the Partnership’s assets. 

  
 21 

 Section 4. Taxes. The Partnership shall pay any and all taxes (excluding income
taxes, franchise taxes or other taxes levied on gross earnings, profits or the like of Holders of Warrants) that may be payable with respect to the issuance and delivery of Warrant Units upon exercise of Warrants. 

Section 5. Holder not deemed a Limited Partner. The Holder, as such, shall not be entitled to vote or receive dividends or be
deemed the Holder of Common Units for any purpose solely due to its ownership of the Warrant, nor shall anything contained in the Warrant be construed to confer upon the Holder, as such, any of the rights of a limited partner of the Partnership or
any right to vote, give or withhold consent to any Partnership action (whether any reorganization, issue of partnership units or interests, reclassification of partnership units of interests, consolidation, merger, conveyance or otherwise), receive
notice of meetings, receive distributions or subscription rights, or otherwise, prior to the Deemed Issuance Date of the Warrant Units that such Holder is then entitled to receive upon the due exercise of this Warrant. In addition, nothing contained
in this Warrant shall be construed as imposing any obligations or liabilities on the Holder to purchase any securities (upon exercise of this Warrant or otherwise) or as a Limited Partner of the Partnership, whether such liabilities are asserted by
the Partnership or by creditors of the Partnership. 
 Section 6. Representations of Holder. The holder of this
Warrant, by the acceptance hereof, represents that it is acquiring this Warrant, and upon exercise hereof will acquire the Warrant Units, for its own account and not with a view towards, or for resale in connection with, the public sale or
distribution of this Warrant or the Warrant Units, except pursuant to sales registered or exempted under the Securities Act; provided, however, that by making the representations herein, the Holder does not agree to hold this Warrant or any of the
Warrant Units for any minimum or other specific term and reserves the right to dispose of this Warrant and the Warrant Units at any time in accordance with or pursuant to a registration statement or an exemption under the Securities Act. The Holder
further represents, by acceptance hereof, that, as of this date, such holder is an “accredited investor” as such term is defined in Rule 501(a)(3) of Regulation D promulgated by the Securities and Exchange Commission under the Securities
Act (an “Accredited Investor”) and has had the opportunity to ask questions and receive answers concerning the Partnership, the Warrant and the offering thereof from the Partnership. Each delivery of an Exercise Notice shall
constitute confirmation at such time by the Holder of the representations concerning the Warrant Units set forth in the first two sentences of this Section 6, unless contemporaneous with the delivery of such Exercise Notice, the Holder notifies
the Partnership in writing that it is not making such representations (a “Representation Notice”). If the Holder delivers a Representation Notice in connection with an exercise, it shall be a condition to such holder’s exercise
of this Warrant and the Partnership’s obligations set forth in Section 2 in connection with such exercise, that the Partnership receive such other representations as the Partnership considers reasonably necessary to assure the Partnership
that the issuance of its securities upon exercise of this Warrant shall not violate any United States or state securities laws, and the time periods for the Partnership’s compliance with its obligations set forth in Section 2 shall be
tolled until such Holder provides the Partnership with such other representations. 

  
 22 

 Section 7. Ownership and Transfer. 

(a) The Partnership shall maintain at its principal executive offices or at the offices of its transfer agent (or such other office or
agency of the Partnership as it may designate by notice to the Holder), a register for this Warrant, in which the Partnership shall record the name and address of the person in whose name this Warrant has been issued, as well as the name and address
of each transferee. The Partnership may treat the person in whose name any Warrant is registered on the register as the owner and holder thereof for all purposes, notwithstanding any notice to the contrary, but in all events recognizing any
transfers made in accordance with the terms of this Warrant. 
 (b) This Warrant and the rights granted hereunder shall be
assignable by the Holder without the consent of the Partnership. Neither the Warrant nor the Warrant Units shall be transferable by any Holder except in compliance will all federal and applicable state securities laws. Prior to any transfer, and as
a condition thereto, the Partnership’s general partner may require such documentation, including appropriate opinions of legal counsel, as it, in its sole discretion, deems necessary. 

(c) The Partnership is obligated to register the Warrant Units for resale under the Securities Act pursuant to the Registration Rights
Agreement, and the Holder (and assignees thereof) is entitled to the registration rights in respect of the Warrant Units as set forth in the Registration Rights Agreement. 
 Section 8. Adjustments. The Warrant Exercise Price and the number of Common Units issuable upon exercise of this Warrant shall be subject to adjustment from time to time as follows;
provided, that if more than one subsection of this Section 8 is applicable to a single event, the subsection shall be applied that produces the largest adjustment and no single event shall cause an adjustment under more than one
subsection of this Section 8 so as to result in duplication: 
 (a) Stock Splits, Subdivisions, Reclassifications or
Combinations. If the Partnership shall (i) declare and pay a dividend or make a distribution on its Common Units in Common Units, (ii) subdivide or reclassify the outstanding Common Units into a greater number of units, or
(iii) combine or reclassify the outstanding Common Units into a smaller number of units, the number of Warrant Units issuable upon exercise of this Warrant at the time of the record date for such dividend or distribution or the effective date
of such subdivision, combination or reclassification shall be proportionately adjusted so that a Warrant Holder after such date shall be entitled to purchase the number of Warrant Units which such Holder would have owned or been entitled to receive
in respect of Common Units subject to this Warrant after such date had this Warrant been exercised immediately prior to such date. In such event, the Warrant Exercise Price in effect at the time of the record date for such dividend or distribution
or the effective date of such subdivision, combination or reclassification shall be adjusted to the number obtained by dividing (x) the product of (1) the number of Warrant Units issuable upon the exercise of this Warrant before such
adjustment and (2) the Warrant Exercise Price in effect immediately prior to the record or effective date, as the case may be, for the dividend, distribution, subdivision, combination or reclassification giving rise to this adjustment by
(y) the new number of Warrant Units issuable upon exercise of the Warrant determined pursuant to the immediately preceding sentence. 

  
 23 

 (b) Distributions. In case the Partnership shall fix a record date for the making of
a distribution to all holders of Common Units of securities, evidences of indebtedness, assets, cash, rights or warrants (excluding Ordinary Cash Dividends, dividends of its Common Units and other dividends or distributions referred to in
Section 8(a)), in each such case, the Warrant Exercise Price in effect prior to such record date shall be reduced immediately thereafter to the price determined by multiplying the Warrant Exercise Price in effect immediately prior to the
reduction by the quotient of (x) the Weighted Average Price of the Common Units on the last trading day preceding the first date on which the Common Unit trades regular way on the Principal Market on which the Common Unit is listed or admitted
to trading without the right to receive such distribution, minus the amount of cash and/or the fair market value of the securities, evidences of indebtedness, assets, rights or warrants to be so distributed in respect of one Common Unit as
determined by the Board of Directors of the Partnership’s general partner in good faith (the “Fair Market Value”) divided by (y) such Weighted Average Price on such date specified in clause (x); such adjustment shall be
made successively whenever such a record date is fixed. In such event, the number of Warrant Units issuable upon the exercise of this Warrant shall be increased to the number obtained by dividing (x) the product of (1) the number of
Warrant Units issuable upon the exercise of this Warrant before such adjustment, and (2) the Warrant Exercise Price in effect immediately prior to the distribution giving rise to this adjustment by (y) the new Warrant Exercise Price
determined in accordance with the immediately preceding sentence. In the case of adjustment for a cash dividend that is, or is coincident with, an Ordinary Cash Dividend, the Fair Market Value shall be reduced by the per unit amount of the portion
of the cash dividend that would constitute an Ordinary Cash Dividend. In the event that such distribution is not so made, the Warrant Exercise Price and the number of Warrant Units issuable upon exercise of this Warrant then in effect shall be
readjusted, effective as of the date when the Board of Directors of the Partnership’s general partner determines not to distribute such units, evidences of indebtedness, assets, rights, cash or warrants, as the case may be, to the Warrant
Exercise Price that would then be in effect and the number of Warrant Units that would then be issuable upon exercise of this Warrant if such record date had not been fixed. 
 (c) Certain Repurchases of Common Units. In case the Partnership effects a Pro Rata Repurchase of Common Units, then the Warrant Exercise Price shall be reduced to the price determined by
multiplying the Warrant Exercise Price in effect immediately prior to the Effective Date of such Pro Rata Repurchase by a fraction of which the numerator shall be (i) the product of (x) the number of Common Units outstanding immediately
before such Pro Rata Repurchase and (y) the Weighted Average Price of a share of Common Units on the trading day immediately preceding the first public announcement by the Partnership or any of its Affiliates of the intent to effect such Pro
Rata Repurchase, minus (ii) the aggregate purchase price of the Pro Rata Repurchase, and of which the denominator shall be the product of (i) the number of Common Units outstanding immediately prior to such Pro Rata Repurchase minus the
number of Common Units so repurchased and (ii) the Weighted Average Price per Common Unit on the trading day immediately preceding the first public announcement by the Partnership or any of its Affiliates of the intent to effect such Pro Rata
Repurchase. In such event, the number of Common Units issuable upon the exercise of this Warrant shall be increased to the number obtained by dividing (x) the product of (1) the number of Common Units issuable upon the exercise of this
Warrant before such adjustment, and (2) the Warrant Exercise Price in effect 

  
 24 

 
immediately prior to the Pro Rata Repurchase giving rise to this adjustment by (y) the new Warrant Exercise Price determined in accordance with the immediately preceding sentence. For the
avoidance of doubt, no increase to the Warrant Exercise Price or decrease in the number of unit issuable upon exercise of this Warrant shall be made pursuant to this Section 13(c). 

(d) Business Combinations. In case of any Business Combination or reclassification of Common Units (other than a reclassification
of Common Units referred to in Section 8(a)), the Warrantholder’s right to receive Warrant Units upon exercise of this Warrant shall be converted into the right to exercise this Warrant to acquire the number of units or other securities or
property (including cash) which the Common Unit issuable (at the time of such Business Combination or reclassification) upon exercise of this Warrant immediately prior to such Business Combination or reclassification would have been entitled to
receive upon consummation of such Business Combination or reclassification; and in any such case, if necessary, the provisions set forth herein with respect to the rights and interests thereafter of the Holder shall be appropriately adjusted so as
to be applicable, as nearly as may reasonably be, to the Holder’s right to exercise this Warrant in exchange for any shares of stock or other securities or property pursuant to this paragraph. In determining the kind and amount of units,
securities or the property receivable upon exercise of this Warrant following the consummation of such Business Combination, if the holders of Common Units have the right to elect the kind or amount of consideration receivable upon consummation of
such Business Combination, then the consideration that the Warrantholder shall be entitled to receive upon exercise shall be deemed to be the types and amounts of consideration received by the majority of all holders of the common stock that
affirmatively make an election (or of all such holders if none make an election). 
 (e) Rounding of Calculations; Minimum
Adjustments. All calculations under this Section 8 shall be made to the nearest one-tenth (1/10th) of a cent or to the nearest one hundredth (1/100th) of a share, as the case may be. Any provision of this Section 8 to the
contrary notwithstanding, no adjustment in the Warrant Exercise Price or the number of Common Units into which this Warrant is exercisable shall be made if the amount of such adjustment would be less than $0.01 or one-tenth (1/10th) of a Common
Unit, but any such amount shall be carried forward and an adjustment with respect thereto shall be made at the time of and together with any subsequent adjustment which, together with such amount and any other amount or amounts so carried forward,
shall aggregate $0.01 or 1/10th of a Common Unit, or more. 
 (f) Timing of Issuance of Additional Common Units Upon Certain
Adjustments. In any case in which the provisions of this Section 8 shall require that an adjustment shall become effective immediately after a record date for an event, the Partnership may defer until the occurrence of such event
(i) issuing to the holder of this Warrant exercised after such record date and before the occurrence of such event the additional Common Units issuable upon such exercise by reason of the adjustment required by such event over and above the
Common Units issuable upon such exercise before giving effect to such adjustment and (ii) paying to such holder any amount of cash in lieu of fractional Common Units; provided, however, that the Partnership upon request shall
deliver to such holder a due bill or other appropriate instrument evidencing such holder’s right to receive such additional units, and such cash, upon the occurrence of the event requiring such adjustment. 

  
 25 

 (g) Statement Regarding Adjustments. Whenever the number of Warrant Units into which
this Warrant is exercisable shall be adjusted as provided in this Section 8, the Partnership shall forthwith file at the principal office of the Partnership a statement showing in reasonable detail the facts requiring such adjustment and the
number of Warrant Units into which Warrants shall be exercisable after such adjustment, and the Partnership shall also cause a copy of such statement to be sent by mail, first class postage prepaid, to the Holder at the address appearing in the
Partnership’s records. 
 (h) Proceedings Prior to Any Action Requiring Adjustment. As a condition precedent to the
taking of any action which would require an adjustment pursuant to this Section 8, the Partnership shall take any action which may be necessary, including obtaining regulatory, or limited partner approvals or exemptions, in order that the
Partnership may thereafter validly and legally issue as fully paid and nonassessable all Warrant Units issuable pursuant to the Warrants. 
 (i) Adjustment Rules. Any adjustments pursuant to this Section 8 shall be made successively whenever an event referred to herein shall occur. 

Section 9. Lost, Stolen, Mutilated or Destroyed Warrant. If this Warrant is lost, stolen, mutilated or destroyed, the
Partnership shall promptly, on receipt of an indemnification undertaking by the Holder (or in the case of a mutilated Warrant, the Warrant), issue a new Warrant of like denomination and tenor as this Warrant so lost, stolen, mutilated or destroyed.

 Section 10. Notice. Any notices, consents, waivers or other communications required or permitted to be given
under the terms of this Warrant must be in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile (provided confirmation of transmission is mechanically or
electronically generated and kept on file by the sending party); or (iii) one (1) Business Day after deposit with a nationally recognized overnight delivery service, in each case properly addressed to the party to receive the same. The
addresses and facsimile numbers for such communications shall be: 
 If to the Partnership: 

Atlas Resource Partners, L.P. 
 c/o Atlas Resource Partners GP, LLC 
 Park Place Corporate Center One 

1000 Commerce Drive, Suite 410 
 Pittsburgh, PA 15275 
 Telephone:     (412) 489-0006

 Facsimile:      (412) 262-2820 

Attention:      Chief Legal Officer 

  
 26 

 With copy to: 
 Ledgewood 
 1900 Market Street, Suite 750 

Philadelphia, PA 19103 
 Telephone:    (215) 731-9450 

Facsimile:     (215) 735-2513 
 Attention:     J. Baur Whittlesey, Esq. 
 If to the Warrant
Holder: 
 Section 11. Date. The date of this Warrant is
[             ], 2013. This Warrant, in all events, shall be wholly void and of no effect after 11:59 P.M., New York Time, on the Expiration Date, except that notwithstanding any other
provisions hereof, the provisions of Section 7 shall continue in full force and effect after such date as to any Warrant Units or other securities issued upon the exercise of this Warrant. 

Section 12. Amendment and Waiver. This Warrant may be amended and the Partnership may take any action herein prohibited, or
omit to perform any act herein required to be performed by it, only with the written consent of the Holder; provided, however, that the Partnership may, without the consent of the Holder, amend or supplement this Warrant to cure defects or
inconsistencies. 
 Section 13. Descriptive Headings; Governing Law. The descriptive headings of the several
sections and paragraphs of this Warrant are inserted for convenience only and do not constitute a part of this Warrant. All questions concerning the construction, validity, enforcement and interpretation of this Warrant shall be governed by the
internal laws of the State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction
other than the State of New York. 
 Section 14. Rules of Construction. Unless the context otherwise requires,
(a) all references to Sections, Schedules or Exhibits are to Sections, Schedules or Exhibits contained in or attached to this Warrant, (b) each accounting term not otherwise defined in this Warrant has the meaning assigned to it in
accordance with accounting principles generally accepted in the United States, (c) words in the singular or plural include the singular and plural and pronouns stated in either the masculine, the feminine or neuter gender shall include the
masculine, feminine and neuter and (d) the use of the word “including” in this Warrant shall be by way of example rather than limitation. 
 * * * * * * 

  
 27 

 IN WITNESS WHEREOF, the Partnership has caused this Warrant to be executed as of the
date first written above. 
  

			
	ATLAS RESOURCE PARTNERS, L.P.
	By: Atlas Resource Partners GP, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 28 

 EXHIBIT A TO WARRANT 

EXERCISE NOTICE 
 TO BE EXECUTED BY THE REGISTERED HOLDER TO EXERCISE THIS WARRANT 
 ATLAS RESOURCE
PARTNERS, L.P. 
 The undersigned holder hereby exercises the right to purchase
                     Common Units (“Warrant Units”) of Atlas Resource Partners, L.P., a Delaware limited partnership (the
“Partnership”), pursuant to the Warrant registered in the name of the undersigned (the “Warrant”) on the books and records of the Partnership. Capitalized terms used herein and not otherwise defined shall have the
respective meanings set forth in the Warrant. 
 1. Warrant Exercise. The holder intends that payment of the Warrant Exercise
Price shall be with respect to                     Warrant Units. 
 2. Payment of Warrant Exercise Price. The Holder shall pay the Aggregate Exercise Price in the sum of $        to the Partnership in accordance with the terms of
the Warrant. 
 3. Delivery of Warrant Units. The Partnership shall deliver
                     Warrant Units in accordance with the terms of the Warrant in the following name and to the following address: 

Issue to:
                                         
                                         
                                         
                                         
                 
 Facsimile Number:
                                         
                                         
                                         
                                         
     
 Account Number (if electronic book entry transfer):
                                         
                                         
                                       

Date:                  ,
         
 Name of Registered Holder 

 

			
	By:	 	  

	Name:	 	
	Title:	 	

 ACKNOWLEDGMENT 

The Partnership hereby acknowledges this Exercise Notice and hereby directs [TRANSFER AGENT] to issue the above indicated number of
Common Units in accordance with the Transfer Agent Instructions dated             , 20     from the Partnership and acknowledged and agreed to by [TRANSFER AGENT].

  

			
	ATLAS RESOURCE PARTNERS, L.P.
	By: Atlas Resource Partners GP, LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 EXHIBIT B TO WARRANT 

FORM OF WARRANT POWER 
 FOR
VALUE RECEIVED, the undersigned does hereby assign and transfer to                     , Federal Identification No.
                    , a warrant to purchase
                     Common Units of Atlas Resource Partners, L.P., a Delaware limited partnership standing in the name of the undersigned on the
books of said limited partnership. The undersigned does hereby irrevocably constitute and appoint                     , attorney to transfer the
warrants of said corporation, with full power of substitution in the premises. 
 Dated:
            , 20     
  

			
	  

		
	Name:	 	  

	Title:EX-4.1

 Exhibit 4.1 
 CHEMTURA CORPORATION 
 THE GUARANTORS NAMED ON SCHEDULE I HERETO, 

and 
 WELLS FARGO
BANK, NATIONAL ASSOCIATION, 
 as Trustee 
 INDENTURE 
 Dated as of June 10, 2013 

Debt Securities 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE ONE
	   

	 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	 	1	  
			
	 Section 101
	  	Definitions.	  	 	1	  
	 Section 102
	  	Compliance Certificates and Opinions.	  	 	11	  
	 Section 103
	  	Form of Documents Delivered to Trustee.	  	 	11	  
	 Section 104
	  	Acts of Holders.	  	 	11	  
	 Section 105
	  	Notices, etc., to Trustee, Issuer and Guarantors.	  	 	13	  
	 Section 106
	  	Notice to Holders of Securities; Waiver.	  	 	13	  
	 Section 107
	  	Conflict with Trust Indenture Act.	  	 	14	  
	 Section 108
	  	Effect of Headings and Table of Contents.	  	 	14	  
	 Section 109
	  	Successors and Assigns.	  	 	14	  
	 Section 110
	  	Separability Clause.	  	 	15	  
	 Section 111
	  	Benefits of Indenture.	  	 	15	  
	 Section 112
	  	Governing Law.	  	 	15	  
	 Section 113
	  	Legal Holidays.	  	 	15	  
	 Section 114
	  	Waiver of Jury Trial.	  	 	15	  
	 Section 115
	  	Force Majeure.	  	 	16	  
	 Section 116
	  	Counterparts.	  	 	16	  
	 Section 117
	  	Extension of Payment Dates.	  	 	16	  
	 Section 118
	  	Immunity of Shareholders, Directors, Officers and Agents of the Issuer and Any Guarantor.	  	 	16	  
	
	 ARTICLE TWO
	   

	 SECURITIES FORMS
	  	 	17	  
			
	 Section 201
	  	Forms Generally.	  	 	17	  
	 Section 202
	  	Form of Trustee’s Certificate of Authentication.	  	 	17	  
	 Section 203
	  	Form of Legend for Global Notes.	  	 	18	  
	
	 ARTICLE THREE
	   

	 THE SECURITIES
	  	 	19	  
			
	 Section 301
	  	Amount Unlimited; Issuable in Series.	  	 	19	  
	 Section 302
	  	Currency; Denominations.	  	 	22	  
	 Section 303
	  	Execution, Authentication, Delivery and Dating.	  	 	23	  
	 Section 304
	  	Temporary Securities.	  	 	24	  
	 Section 305
	  	Registration, Transfer and Exchange.	  	 	24	  
	 Section 306
	  	Mutilated, Destroyed, Lost and Stolen Securities.	  	 	25	  
	 Section 307
	  	Payment of Interest and Certain Additional Amounts; Rights to Interest and Certain Additional Amounts Preserved.	  	 	26	  
	 Section 308
	  	Persons Deemed Owners.	  	 	27	  
	 Section 309
	  	Cancellation.	  	 	28	  

  
 -i-

							
	 Section 310
	  	Computation of Interest.	  	 	28	  
	 Section 311
	  	Original Issue Discount.	  	 	28	  
	
	 ARTICLE FOUR
	   

	 SATISFACTION AND DISCHARGE OF INDENTURE
	  	 	29	  
			
	 Section 401
	  	Satisfaction and Discharge.	  	 	29	  
	 Section 402
	  	Defeasance and Covenant Defeasance.	  	 	30	  
	 Section 403
	  	Application of Trust Money.	  	 	34	  
	 Section 404
	  	Reinstatement.	  	 	35	  
	
	 ARTICLE FIVE
	   

	 REMEDIES
	  	 	35	  
			
	 Section 501
	  	Events of Default.	  	 	35	  
	 Section 502
	  	Acceleration of Maturity; Rescission and Annulment.	  	 	36	  
	 Section 503
	  	Collection of Indebtedness and Suits for Enforcement by Trustee.	  	 	37	  
	 Section 504
	  	Trustee May File Proofs of Claim.	  	 	38	  
	 Section 505
	  	Trustee May Enforce Claims without Possession of Securities.	  	 	38	  
	 Section 506
	  	Application of Money Collected.	  	 	38	  
	 Section 507
	  	Limitations on Suits.	  	 	39	  
	 Section 508
	  	Unconditional Right of Holders to Receive Principal and any Premium, Interest and Additional Amounts.	  	 	39	  
	 Section 509
	  	Restoration of Rights and Remedies.	  	 	40	  
	 Section 510
	  	Rights and Remedies Cumulative.	  	 	40	  
	 Section 511
	  	Delay or Omission Not Waiver.	  	 	40	  
	 Section 512
	  	Control by Holders of Securities.	  	 	40	  
	 Section 513
	  	Waiver of Past Defaults.	  	 	41	  
	 Section 514
	  	Waiver of Usury, Stay or Extension Laws.	  	 	41	  
	 Section 515
	  	Undertaking for Costs.	  	 	41	  
	
	 ARTICLE SIX
	   

	 THE TRUSTEE
	  	 	42	  
			
	 Section 601
	  	Certain Rights of Trustee.	  	 	42	  
	 Section 602
	  	Notice of Defaults.	  	 	43	  
	 Section 603
	  	Not Responsible for Recitals or Issuance of Securities.	  	 	43	  
	 Section 604
	  	May Hold Securities.	  	 	43	  
	 Section 605
	  	Money Held in Trust.	  	 	43	  
	 Section 606
	  	Compensation and Reimbursement.	  	 	44	  
	 Section 607
	  	Conflicting Interests.	  	 	44	  
	 Section 608
	  	Corporate Trustee Required; Eligibility.	  	 	45	  
	 Section 609
	  	Resignation and Removal; Appointment of Successor.	  	 	45	  
	 Section 610
	  	Acceptance of Appointment by Successor.	  	 	46	  
	 Section 611
	  	Merger, Conversion, Consolidation or Succession to Business.	  	 	48	  
	 Section 612
	  	Appointment of Authenticating Agent.	  	 	48	  

  
 -ii-

							
	 ARTICLE SEVEN
	   

	 HOLDERS LISTS AND REPORTS BY TRUSTEE, ISSUER AND GUARNATORS
	  	 	48	  
			
	 Section 701
	  	Issuer to Furnish Trustee Names and Addresses of Holders.	  	 	48	  
	 Section 702
	  	Preservation of Information; Communications to Holders.	  	 	49	  
	 Section 703
	  	Reports by Trustee.	  	 	49	  
	 Section 704
	  	Reports by Issuer and Guarantors.	  	 	49	  
	
	 ARTICLE EIGHT
	   

	 CONSOLIDATION, MERGER AND SALES
	  	 	50	  
			
	 Section 801
	  	Issuer May Consolidate, Etc., Only on Certain Terms.	  	 	50	  
	 Section 802
	  	Successor Person Substituted for Issuer.	  	 	51	  
	
	 ARTICLE NINE
	   

	 SUPPLEMENTAL INDENTURES
	  	 	51	  
			
	 Section 901
	  	Supplemental Indentures without Consent of Holders.	  	 	51	  
	 Section 902
	  	Supplemental Indentures with Consent of Holders.	  	 	53	  
	 Section 903
	  	Execution of Supplemental Indentures.	  	 	54	  
	 Section 904
	  	Effect of Supplemental Indentures.	  	 	54	  
	 Section 905
	  	Reference in Securities to Supplemental Indentures.	  	 	54	  
	 Section 906
	  	Conformity with Trust Indenture Act.	  	 	55	  
	
	 ARTICLE TEN
	   

	 COVENANTS
	  	 	55	  
			
	 Section 1001
	  	Payment of Principal, Premium, Interest and Additional Amounts.	  	 	55	  
	 Section 1002
	  	Maintenance of Office or Agency.	  	 	55	  
	 Section 1003
	  	Money for Securities Payments to Be Held in Trust.	  	 	56	  
	 Section 1004
	  	Additional Amounts.	  	 	57	  
	 Section 1005
	  	Legal Existence.	  	 	57	  
	 Section 1006
	  	Waiver of Certain Covenants.	  	 	57	  
	 Section 1007
	  	Issuer Statement as to Compliance.	  	 	58	  
	
	 ARTICLE ELEVEN
	   

	 REDEMPTION OF SECURITIES
	  	 	58	  
			
	 Section 1101
	  	Applicability of Article.	  	 	58	  
	 Section 1102
	  	Election to Redeem; Notice to Trustee.	  	 	58	  
	 Section 1103
	  	Selection by Trustee of Securities to be Redeemed.	  	 	58	  
	 Section 1104
	  	Notice of Redemption.	  	 	59	  
	 Section 1105
	  	Deposit of Redemption Price.	  	 	60	  
	 Section 1106
	  	Securities Payable on Redemption Date.	  	 	60	  
	 Section 1107
	  	Securities Redeemed in Part.	  	 	60	  
	
	 ARTICLE TWELVE
	   

	 SINKING FUNDS
	  	 	61	  

  
 -iii-

							
	 Section 1201
	  	Applicability of Article.	  	 	61	  
	 Section 1202
	  	Satisfaction of Sinking Fund Payments with Securities.	  	 	61	  
	
	 ARTICLE THIRTEEN
	   

	 REPAYMENT AT THE OPTION OF HOLDERS
	  	 	61	  
			
	 Section 1301
	  	Applicability of Article.	  	 	61	  
	
	 ARTICLE FOURTEEN
	   

	 SECURITIES IN FOREIGN CURRENCIES
	  	 	62	  
			
	 Section 1401
	  	Applicability of Article.	  	 	62	  
	
	 ARTICLE FIFTEEN
	   

	 GUARANTEES
	  	 	62	  
			
	 Section 1501
	  	Guarantees.	  	 	62	  
	
	 ARTICLE SIXTEEN
	   

	 SECURITY
	  	 	63	  
			
	 Section 1601
	  	Security.	  	 	63	  

  
 -iv-

 INDENTURE, dated as of June 10, 2013 (the “Indenture”), among Chemtura
Corporation, a Delaware corporation (the “Issuer”), Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America (the “Trustee”) and,
if applicable, the Guarantors (as defined below). 
 RECITALS 

The Issuer has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of senior
unsecured and secured debentures, notes or other evidences of indebtedness (hereinafter called the “Securities”), unlimited as to principal amount, to bear such rates of interest, to mature at such time or times, to be issued in one
or more series and to have such other provisions as shall be fixed as hereinafter provided. 
 The Issuer and the Initial
Guarantors (as defined below) have duly authorized the execution and delivery of this Indenture. All things necessary to make this Indenture a valid agreement of the Issuer and the Initial Guarantors, in accordance with its terms, have been done.

 This Indenture is subject to the provisions of the Trust Indenture Act (as defined below), as amended, and the rules and
regulations of the Securities and Exchange Commission promulgated thereunder that are required to be part of this Indenture and, to the extent applicable, shall be governed by such provisions. 

NOW, THEREFORE, THIS INDENTURE WITNESSETH: 
 For and in consideration of the premises and the purchase of the Securities by the Holders (as herein defined) thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all
Holders of the Securities or of any series thereof as follows: 
 ARTICLE ONE 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

 

	 	Section 101	Definitions. 

 Except as
otherwise expressly provided in or pursuant to this Indenture or unless the context otherwise requires, for all purposes of this Indenture: 
 (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 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) any reference to an “Article” or a “Section”
refers to an Article or a Section, as the case may be, of this Indenture; 

 (5) the words “herein,” “hereof,” “hereto” 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; 
 (6) “including” means including without limitation; 
 (7)
the word “or” is always used inclusively (for example, the phrase “A or B” means “A or B or both,” not “either A or B but not both”); 

(8) provisions apply to successive events and transactions; 

(9) the term “merger” includes a statutory share exchange and the terms “merge” and “merged”
have correlative meanings; 
 (10) the masculine gender includes the feminine and the neuter; and 

(11) references to agreements and other instruments include subsequent amendments and supplements thereto. 

Certain terms used principally in certain Articles hereof are defined in those Articles. 

Except as otherwise expressly provided in or pursuant to this Indenture, for all purposes of this Indenture, references to the conversion
or exchange of any Securities for or into other securities or property shall not include the exchange of Securities of any series for other Securities of the same series. 
 “Act,” when used with respect to any Holders, has the meaning specified in Section 104(1). 
 “Additional Amounts” means any additional amounts which are required by this Indenture or by any Security, or by the terms of any Security established pursuant to Section 301, under
circumstances specified herein or therein, to be paid by the Issuer or any Guarantors in respect of certain taxes, duties, levies, imposts, assessments or other governmental charges imposed on Holders specified herein or therein. 

“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 specified 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. 

“Agent” means any Person acting as a Paying Agent, Security Registrar, collateral agent, calculation agent or foreign
currency agent, as applicable. 
 “Applicable Procedures” means, with respect to any transfer or exchange of or
for beneficial interests in any Global Note, the rules and procedures of the Depository, Euroclear and/or Clearstream that apply to such transfer or exchange. 

  
 2 

 “Authenticating Agent” means any Person authorized by the Trustee pursuant
to Section 612 to act on behalf of the Trustee to authenticate Securities of one or more series. 
 “Bankruptcy
Law” means Title 11, U.S. Code or any similar federal, state, or foreign law for the relief of debtors. 

“Board of Directors” means the board of directors of the Issuer or any committee of that board duly authorized to act
generally or in any particular respect for the Issuer hereunder. The term “board of directors” means the board of directors of the Issuer and does not include committees of the board of directors. 

“Board Resolution” means a copy of one or more resolutions to have been duly adopted by the Board of Directors and to be
in full force and effect on the date delivered and certified to the Trustee. 
 “Business Day” means, unless
otherwise specified with respect to the Securities of any series pursuant to Section 301, any day other than a Saturday, Sunday or other day on which banking institutions in The City of New York are authorized or obligated by law, regulation or
executive order to close; provided that such term shall mean, when used with respect to any payment of principal of, or premium or interest, if any, on, or Additional Amounts with respect to, the Securities of any series to be made at any Place of
Payment for such Securities, unless otherwise specified pursuant to Section 301 with respect to such Securities, any day other than a Saturday, Sunday or other day on which banking institutions in such Place of Payment are authorized or
obligated by law, regulation or executive order to close. 
 “Clearstream” means Clearstream Banking,
Société Anonyme. 
 “Collateral” means, collectively, all of the property and assets that are
from time to time subject to the Lien of the security documents including the Liens, if any, required to be granted pursuant to the Indenture. 
 “Commission” means the Securities and Exchange Commission, as from time to time constituted, or, if at any time after the execution of this Indenture such Commission is not existing and
performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such time. 

“Corporate Trust Office” means the principal corporate trust office of the Trustee at which at any particular time its
corporate trust business shall be administered, which office at the date of this Indenture is located at 150 East 42nd Street, 40th Floor, New York, NY 10017, Attn: Corporate Trust Services-Administrator for Chemtura Corporation. 

The term “Corporation” includes corporations, partnerships, associations, limited liability companies and other
companies, and business trusts. The term “corporation” means a corporation and does not include partnerships, associations, limited liability companies or other companies or business trusts. 

“Currency,” with respect to any payment, deposit or other transfer in respect of the principal of or any premium or
interest on or any Additional Amounts with respect to any Security, means Dollars or the Foreign Currency, as the case may be, in which such payment, 

  
 3 

 
deposit or other transfer is required to be made by or pursuant to the terms hereof or such Security and, with respect to any other payment, deposit or transfer pursuant to or contemplated by the
terms hereof or such Security, means Dollars. 
 “Default” means any event that is, or with the passage of time
or the giving of notice or both would be, an Event of Default. 
 “Defaulted Interest” has the meaning
specified in Section 307. 
 “Depository” means, with respect to any Security issuable or issued in the
form of one or more global Securities, the Person designated as depository by the Issuer in or pursuant to this Indenture, and, unless otherwise provided with respect to any Security, any successor to such Person. If at any time there is more than
one such Person, “Depository” shall mean, with respect to any Securities, the depository which has been appointed with respect to such Securities. 
 “Dollars” or “$” means a dollar or other equivalent unit of legal tender for payment of public or private debts in the United States of America. 

“Euroclear” means Euroclear Bank S.A./N.V., as operator of the Euroclear System. 

“Event of Default” has the meaning specified in Section 501. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor thereto, in each case as amended
from time to time. 
 “Foreign Currency” means any Currency, currency unit or composite currency, including,
without limitation, the Euro, issued by the government of one or more countries other than the United States of America or by any recognized confederation or association of such governments. 

“GAAP” means, unless otherwise specified with respect to any series of Securities pursuant to Section 301, such
accounting principles as are generally accepted in the United States of America as of the date or time of any computation required hereunder. 
 “Government Obligations” means securities which are (i) direct obligations of the United States of America or the other government or governments in the confederation which issued
the Foreign Currency in which the principal of or any premium or interest on the relevant Security or any Additional Amounts in respect thereof shall be payable, in each case where the payment or payments thereunder are supported by the full faith
and credit of such government or governments or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America or such other government or governments, in each case where the
timely payment or payments thereunder are unconditionally guaranteed as a full faith and credit obligation by the United States of America or such other government or governments, and which, in the case of (i) or (ii), are not callable or
redeemable at the option of the issuer or issuers thereof, and shall also include a depository receipt issued by a bank or trust company as custodian with respect to any such Government Obligation or a specific payment of interest on or principal of
or other amount with respect to any such Government Obligation held by such custodian for the account of the Holder of a depository receipt, provided that (except as 

  
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required by law) such custodian is not authorized to make any deduction from the amount payable to the Holder of such depository receipt from any amount received by the custodian in respect of
the Government Obligation or the specific payment of interest on or principal of or other amount with respect to the Government Obligation evidenced by such depository receipt. 

“Guarantee” means a guarantee of any Securities by a Guarantor as contemplated by Article Fifteen; provided that the
term “Guarantee,” when used with respect to any Security or with respect to the Securities of any series, means a guarantee of such Security or of the Securities of such series, respectively, by a Guarantor of such Security or of
the Securities of such series, respectively, as contemplated by Article Fifteen. 
 “Guarantor” means the
Initial Guarantor list on schedule I hereto and any other Person who shall have become a Guarantor under this Indenture pursuant to Section 301 or 901 hereof, in each case unless and until a successor Person shall have been substituted for such
Guarantor pursuant to the applicable provisions of this Indenture established pursuant to Section 301 or 901, at which time references to such Guarantor shall mean such successor Person; provided that the term “Guarantor”, when
used, with respect to any Security or the Securities of any series, means the Persons who shall from time to time be the guarantors of such Security or the Securities of such series, respectively, as contemplated by Article Fifteen. 

“Guarantor’s Board of Directors” means, with respect to any Guarantor, the board of directors,
managers, partners or other managing body of such Guarantor or any committee of that board duly authorized to act generally or in any particular respect for such Guarantor hereunder. 

“Guarantor’s Board Resolution” means, with respect to any Guarantor, a copy of one or more
resolutions to have been duly adopted by such Guarantor’s Board of Directors or by the Board of Directors of such Guarantor’s general partner, managing partner or managing member and to be in full force and effect on the date delivered and
certified to the Trustee. 
 “Guarantor’s Officer’s Certificate” means,
with respect to any Guarantor, a certificate signed by the Chairman, the Chief Executive Officer, the President, the Chief Financial Officer, a Vice President, the Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary of such
Guarantor or of such Guarantor’s general partner, managing partner or managing member, that, if required by the Trust Indenture Act, complies with the requirements of Section 314(e) of the Trust Indenture Act. In the event that
Guarantor’s Officer’s Certificates relating to the same matter shall be delivered by two or more Guarantors on the same date, such certificates may be combined into a single certificate, provided that the certifications made by each
Guarantor therein shall be several and not joint certifications of each such Guarantor. 
 “Guarantor Request”
means, with respect to any Guarantor, a written request signed in the name of such Guarantor by the Chairman, the Chief Executive Officer, the President, a Vice President, the Treasurer, an Assistant Treasurer, the Secretary or an Assistant
Secretary of such Guarantor or of such Guarantor’s general partner, managing partner or managing member, and delivered to the Trustee. In the event that Guarantor’s Requests relating to the same matter shall be delivered by two or more
Guarantors on the same date, such requests may be combined into a single document, provided that the requests made by each Guarantor therein shall be several and not joint requests of each such Guarantor. 

  
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 “Holder,” means a Person in whose name a Security is registered in the
Security Register. 
 “Indenture” means this instrument as originally executed or as it may from time to time
be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and, with respect to any Security or Guarantee, by the terms and provisions of such Security or such Guarantee, as the
case may be, established pursuant to Section 301 (as such terms and provisions may be amended pursuant to the applicable provisions hereof), provided, however, that, if at any time more than one Person is acting as Trustee under this
instrument, “Indenture” shall mean, with respect to any one or more series of Securities for which such Person is Trustee, this instrument as originally executed or as it may from time to time be supplemented or amended by one or
more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms of those particular series of Securities for which such Person is Trustee established pursuant to Section 301, exclusive,
however, of any provisions or terms which relate solely to other series of Securities for which such Person is not Trustee, regardless of when such terms or provisions were adopted. 

“Indexed Security” means a Security the terms of which provide that the principal amount thereof payable at Stated
Maturity may be more or less than the principal face amount thereof at original issuance. 
 “Initial
Guarantor” or “Initial Guarantors” means the Guarantors listed on Schedule I hereto. 

“interest,” with respect to any Original Issue Discount Security which by its terms bears interest only after
Maturity, means interest payable after Maturity. 
 “Interest Payment Date,” with respect to any Security,
means the Stated Maturity of an installment of interest on such Security. 
 “Issuer” means the Person named as
the “Issuer” 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 “Issuer” shall mean such successor
Person and any other obligor upon the Securities. 
 “Issuer Request” and “Issuer Order” mean,
respectively, a written request or order, as the case may be, signed in the name of the Issuer by the Chairman, the Chief Executive Officer, the President, the Chief Financial Officer or a Vice President and by the Treasurer, an Assistant Treasurer,
the Secretary or an Assistant Secretary of the Issuer, and delivered to the Trustee. 
 “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 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. 

  
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 “Maturity,” with respect to any Security, means the date on which the
principal of such Security or an installment of principal becomes due and payable as provided in or pursuant to this Indenture or such Security, whether at the Stated Maturity or by declaration of acceleration, upon redemption at the option of the
Issuer, upon repurchase or repayment at the option of the Holder or otherwise, and includes a Redemption Date for such Security and a date fixed for the repurchase or repayment of such Security at the option of the Holder. 

“Office” or “Agency,” with respect to any Securities, means an office or agency of the Issuer
maintained or designated in a Place of Payment for such Securities pursuant to Section 1002 or any other office or agency of the Issuer maintained or designated for such Securities pursuant to Section 1002 or, to the extent designated or
required by Section 1002 in lieu of such office or agency, the Corporate Trust Office of the Trustee. 

“Officer” means the Chairman, the Chief Executive Officer, the President, any Executive Vice President, the Chief
Financial Officer or a Vice President, the Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary of the Issuer, a Guarantor or such Guarantor’s general partner, managing partner or managing member, as applicable.

 “Officer’s Certificate” means a certificate signed by the Chairman, the Chief Executive
Officer, the President, the Chief Financial Officer, a Vice President, the Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary of the Issuer or a Guarantor, as applicable that, if required by the Trust Indenture Act, complies
with the requirements of Section 314(e) of the Trust Indenture Act and is delivered to the Trustee. 
 “Opinion of
Counsel” means a written opinion of counsel, who may be an employee of or counsel for the Issuer or a Guarantor or other counsel who shall be reasonably acceptable to the Trustee, that, if required by the Trust Indenture Act, complies with
the requirements of Section 314(e) of the Trust Indenture Act. 
 “Original Issue Discount Security” means
a Security issued pursuant to this Indenture which provides for an amount less than the principal face amount thereof to be due and payable upon declaration of acceleration pursuant to Section 502. 

“Outstanding,” when used with respect to any Securities, means, as of the date of determination, all such Securities
theretofore authenticated and delivered under this Indenture, except: 
 (1) any such Security theretofore
cancelled by the Trustee or the Security Registrar or delivered to the Trustee or the Security Registrar for cancellation; 
 (2) any such Security for whose payment at the Maturity thereof money in the necessary amount has been theretofore deposited pursuant hereto (other than pursuant to Section 402) with the Trustee or
any Paying Agent (other than the Issuer) in trust or set aside and segregated in trust by the Issuer (if the Issuer shall act as its own Paying Agent) for the Holders of such Securities, provided that, if such Securities 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; 

  
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 (3) any such Security with respect to which the Issuer has effected
defeasance or covenant defeasance pursuant to Section 402, except to the extent provided in Section 402; 
 (4) any such Security which has been paid pursuant to Section 306 or in exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, unless
there shall have been presented to the Trustee proof satisfactory to it that such Security is held by a bona fide purchaser in whose hands such Security is a valid obligation of the Issuer; and 

(5) Securities as to which any property deliverable upon conversion thereof has been delivered (or such delivery has been
made available), or as to which any other particular conditions have been satisfied, in each case as may be provided for such Securities as contemplated in Section 301; 
 provided, however, that in determining whether the Holders of the requisite principal amount of Outstanding Securities have given any request, demand, authorization, direction, notice, consent or
waiver hereunder, (i) the principal amount of an Original Issue Discount Security that may be counted in making such determination and that shall be deemed to be Outstanding for such purposes shall be equal to the amount of the principal
thereof that pursuant to the terms of such Original Issue Discount Security would be declared (or shall have been declared to be) due and payable upon a declaration of acceleration thereof pursuant to Section 502 at the time of such
determination, and (ii) the principal amount of any Indexed Security that may be counted in making such determination and that shall be deemed Outstanding for such purpose shall be equal to the principal face amount of such Indexed Security at
original issuance, unless otherwise provided in or pursuant to this Indenture, and (iii) the principal amount of a Security denominated in a Foreign Currency that may be counted in making such determination and that shall be deemed Outstanding
for such purposes shall be the Dollar equivalent, determined on the date of original issuance of such Security, of the principal amount (or, in the case of an Original Issue Discount Security, the Dollar equivalent on the date of original issuance
of such Security of the amount determined as provided in (i) above) of such Security, and (iv) Securities owned by the Issuer, a Guarantor of the Securities or any other obligor upon the Securities, or any Affiliate of the Issuer or any
such Guarantor or such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in making any such determination or relying upon any such request, demand, authorization,
direction, notice, consent or waiver, only Securities which a Responsible Officer of the Trustee knows to be so owned shall be so disregarded. Securities so owned which shall have been pledged in good faith may be regarded as Outstanding if the
pledgee establishes to the satisfaction of the Trustee (A) the pledgee’s right so to act with respect to such Securities and (B) that the pledgee is not the Issuer or a Guarantor of the Securities any other obligor upon the Securities
or an Affiliate (other than a Trust) of the Issuer or a Guarantor of the Securities or such other obligor. 
 “Paying
Agent” means any Person authorized by the Issuer to pay the principal of, or any premium or interest on, or any Additional Amounts with respect to, any Security on behalf of the Issuer. 

  
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 “Person” and “person” mean any individual, Corporation
joint venture, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “Place of Payment,” with respect to any Security, means the place or places where the principal of, or any premium or interest on, or any Additional Amounts with respect to such Security
are payable as provided in or pursuant to this Indenture or such Security. 
 “Predecessor Security” of any
particular Security means every previous Security evidencing all or a portion of the same indebtedness as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under
Section 306 in exchange for or in lieu of a lost, destroyed, mutilated or stolen Security shall be deemed to evidence the same indebtedness as the lost, destroyed, mutilated or stolen Security. 

“Redemption Date,” with respect to any Security or portion thereof to be redeemed, means the date fixed for such
redemption by or pursuant to this Indenture or such Security. 
 “Redemption Price,” with respect to any
Security or portion thereof to be redeemed, means the price at which it is to be redeemed as determined by or pursuant to this Indenture or such Security. 
 “Regular Record Date” for the interest payable on any Security on any Interest Payment Date therefor means the date, if any, specified in or pursuant to this Indenture or such Security as
the record date for the payment of such interest. 
 “Responsible Officer” means any officer of the Trustee in
its Corporate Trust Office having direct responsibility for matters pertaining to this Indenture and also means, with respect to a particular corporate trust matter, any other officer or employee of the Trustee to whom such matter is referred
because of his or her knowledge of and familiarity with the particular subject. 
 “Securities Act” means the
Securities Act of 1933, as amended, or any successor thereto, in each case as amended from time to time. 

“Security” or “Securities” means any note or notes, bond or bonds, debenture or debentures, or any
other evidences of indebtedness, as the case may be, authenticated and delivered under this Indenture; provided, however, that, if at any time there is more than one Person acting as Trustee under this Indenture, “Securities,” with
respect to any such Person, shall mean Securities authenticated and delivered under this Indenture, exclusive, however, of Securities of any series as to which such Person is not Trustee. 

“Security Register” and “Security Registrar” have the respective meanings specified in
Section 305. 
 “Significant Subsidiary” means, as of any date of determination, a Subsidiary of the
Issuer that would constitute a “significant subsidiary,” as such term is defined under Rule 1-02(w) of Regulation S-X of the Commission as in effect on the date of this Indenture. 

  
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 “Special Record Date” for the payment of any Defaulted Interest on any
Security means a date fixed by the Trustee pursuant to Section 307(1). 
 “Stated Maturity,” with respect
to any Security or any installment of principal thereof or interest thereon or any Additional Amounts with respect thereto, means the date established by or pursuant to this Indenture or such Security as the fixed date on which the principal of such
Security or such installment of principal or interest is, or such Additional Amounts are, due and payable. 

“Subsidiary” means, with respect to any Person, (i) 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 voting power of shares of capital stock entitled (without regard to the occurrence of any contingency) to vote in the election of
directors, managers or trustees thereof is at the time of determination owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof or is consolidated under GAAP with
such Person at such time; and (ii) any partnership, joint venture, limited liability company or similar entity of which more than 50% of the equity ownership, whether in the form of membership, general, special or limited partnership interests
or otherwise, is owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof or is consolidated under GAAP with such person at such time. 

“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, and any reference herein to the Trust Indenture
Act or a particular provision thereof shall mean such Act or provision, as the case may be, as amended or replaced from time to time or as supplemented from time to time by rules or regulations adopted by the Commission under or in furtherance of
the purposes of such Act or provision, as the case may be. 
 “Trustee” means the Person named as the
“Trustee” in the first paragraph of this instrument until a successor Trustee shall have become such with respect to one or more series of Securities pursuant to the applicable provisions of this Indenture, and thereafter
“Trustee” shall mean each Person who is then a Trustee hereunder; provided, however, that if at any time there is more than one such Person, “Trustee” shall mean each such Person and as used with respect to the
Securities of any series shall mean the Trustee with respect to the Securities of such series. 
 “United
States,” means the United States of America (including the states thereof and the District of Columbia), its territories, its possessions and other areas subject to its jurisdiction; and the term “United States of America”
means the United States of America. 
 “United States Alien,” except as otherwise provided in or pursuant to
this Indenture or any Security, means any Person who, for United States Federal income tax purposes, is a foreign corporation, a non-resident alien individual, a non-resident alien fiduciary of a foreign estate or trust, or a foreign partnership one
or more of the members of which is, for United States Federal income tax purposes, a foreign corporation, a non-resident alien individual or a non-resident alien fiduciary of a foreign estate or trust. 

  
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 “Vice President,” when used with respect to the Issuer 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.” 
  

	 	Section 102	Compliance Certificates and Opinions. 

 Except as otherwise expressly provided in or pursuant to this Indenture, upon any application or request by the Issuer or a Guarantor to the Trustee to take any action under any provision of this
Indenture, the Issuer or such Guarantor, as the case may be, shall furnish to the Trustee, if requested by the Trustee, an Officer’s Certificate or a Guarantor’s Officer’s Certificate, as the case may be, stating that all conditions
precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent, if any, have been complied with, except
that in the case of any such application or request as to which the furnishing of such documents or any of them is specifically required by any provision of this Indenture relating to such particular application or request, no additional certificate
or opinion need be furnished by the Issuer, and except that no such Officer’s Certificate or Opinion of Counsel shall be required in connection with the execution of a supplemental indenture contemporaneously with the execution of this
Indenture. 
  

	 	Section 103	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
Issuer or a Guarantor may be based, insofar as it relates to legal matters, upon an Opinion of Counsel, unless such officer knows, or in the exercise of reasonable care should know, that the opinion with respect to the matters upon which his
certificate or opinion is based is erroneous. Any such 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 Issuer, a Guarantor, a
governmental official or officers or any other Person or Persons stating that the information with respect to such factual matters is in the possession of the Issuer or such Guarantor, as the case maybe be, unless such counsel knows, or in the
exercise of reasonable care should know, that the certificate, 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 or any Security, they may,
but need not, be consolidated and form one instrument. 
  

	 	Section 104	Acts of Holders. 

 (1) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by or pursuant to this Indenture to be made, given or taken by

  
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Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing. Except as herein
otherwise expressly provided, such action shall become effective when such instrument or instruments or record or both are delivered to the Trustee and, where it is hereby expressly required, to the Issuer and the Guarantors. Such instrument or
instruments and any such record (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments or so voting at any such meeting. Proof of
execution of any such instrument or of a writing appointing any such agent, or of the holding by any Person of a Security, shall be sufficient for any purpose of this Indenture and (subject to Section 315 of the Trust Indenture Act) conclusive
in favor of the Trustee, the Issuer or a Guarantor and any agent of the Trustee, the Issuer or such Guarantor, if made in the manner provided in this Section. 
 (2) Without limiting the generality of this Section 104, unless otherwise provided in or pursuant to this Indenture, a Holder, including a Depository that is a Holder of a global Security, may make,
give or take, by a proxy or proxies, duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other Act provided in or pursuant to this Indenture or the Securities to be made, given or taken by Holders,
and a Depository that is a Holder of a global Security may provide its proxy or proxies to the beneficial owners of interests in any such global Security through such Depository’s standing instructions and customary practices. 

(3) The fact and date of the execution by any Person of any such instrument or writing may be proved in any reasonable
manner which the Trustee deems sufficient and in accordance with such reasonable rules as the Trustee may determine; and the Trustee may in any instance require further proof with respect to any of the matters referred to in this Section.

 (4) The ownership, principal amount and serial numbers of Securities held by any Person, and the date of the
commencement and the date of the termination of holding the same, shall be proved by the Security Register. 

(5) If the Issuer shall solicit from the Holders of any Securities any request, demand, authorization, direction, notice,
consent, waiver or other Act, the Issuer may at its option (but is not obligated to), by Board Resolution fix in advance a record date for the determination of Holders of Securities entitled to give such request, demand, authorization, direction,
notice, consent, waiver or other Act. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but only the Holders of Securities of record at
the close of business on such record date shall be deemed to be Holders for the purpose of determining whether Holders of the requisite proportion of Outstanding Securities have authorized or agreed or consented to such request, demand,
authorization, direction, notice, consent, waiver or other Act, and for that purpose the Outstanding Securities shall be computed as of such record date; provided that no such authorization, agreement or consent by the Holders of Securities shall be
deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than six months after the record date. 

  
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 (6) Any request, demand, authorization, direction, notice, consent, waiver
or other Act by the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done
or suffered to be done by the Trustee, any Security Registrar, any Paying Agent or the Issuer in reliance thereon, whether or not notation of such Act is made upon such Security. 

 

	 	Section 105	Notices, etc., to Trustee, Issuer and Guarantors. 

 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, a Guarantor or the Issuer shall be sufficient for every purpose hereunder
if made, given, furnished or filed in writing to or with and received by the Trustee at its Corporate Trust Office, or 
 (2) the Issuer or a Guarantor by the Trustee or any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing and delivered in person or mailed by
first-class mail (registered or certified, return receipt requested), fax or overnight air courier guaranteeing next day delivery to the Issuer or such Guarantor, as the case may be, addressed to the attention of its General Counsel at the address
of the Issuer’s principal office set forth below, or as set forth in any supplemental indenture or at any other address furnished in writing to the Trustee by the Issuer as such Guarantor, as the case may be. 

If to the Issuer or any Guarantor: 
 Chemtura Corporation 
 199 Benson Road 

Middlebury, Connecticut 06749 
 Fax No.: (203) 573-2214 
 Attention: Chief Financial Officer and General
Counsel 
 All notices and communications (other than those sent to Holders) shall be deemed to have been duly given: at the time
delivered by hand, if personally delivered; five calendar days after being deposited in the mail, postage prepaid, if mailed by first-class mail; when receipt acknowledged, if faxed; and the next Business Day after timely delivery to the courier, if
sent by overnight air courier guaranteeing next day delivery; provided that any notice or communication delivered to the Trustee shall be deemed effective upon actual receipt thereof. 

 

	 	Section 106	Notice to Holders of Securities; Waiver. 

 Except as otherwise expressly provided in or pursuant to this Indenture, where this Indenture provides for notice to Holders of Securities of any event, such notice shall be

  
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sufficiently given (unless otherwise herein expressly provided) to Holders of Securities if in writing and mailed, first-class postage prepaid, certified or registered, return receipt requested,
or by overnight air courier guaranteeing next day delivery or delivered by electronic transmission to each Holder of a Security affected by such event, at such Holder’s address as it appears in the Security Register, not later than the latest
date, and not earlier than the earliest date, prescribed for the giving of such notice. Any notice or communication shall also be so mailed to any Person described in Trust Indenture Act Section 313(c), to the extent required by the Trust
Indenture Act. Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. 
 In any case where notice to Holders of Securities is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder of a Security shall affect the
sufficiency of such notice with respect to other Holders of Securities In the 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. 
 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 of Securities 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. 
 Where this Indenture provides for notice of any event to a Holder of a Global Security, such notice shall be sufficiently given if given to the Depository for such Security (or its designee), pursuant to
the Applicable Procedures of the Depository, not later than the latest date, if any, and not earlier than the earliest date, if any, prescribed for the giving of such notice. 
 If a notice or communication is made in the manner provided above within the time prescribed, it is duly given, whether or not the addressee receives it. 

If the Issuer gives notice or communication to Holders, it shall provide a copy to the Trustee and each Agent, as applicable, at the same
time. 
  

	 	Section 107	Conflict with Trust Indenture Act. 

 If any provision hereof limits, qualifies or conflicts with any duties under any required provision of the Trust Indenture Act imposed hereon by Section 318(c) thereof, such required provision shall
control. 
  

	 	Section 108	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 109	Successors and Assigns. 

  
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 All covenants and agreements in this Indenture by the Issuer shall bind its successors and
assigns, whether so expressed or not. All agreements of the Trustee, Security Registrar and Paying Agent, as applicable, in this Indenture shall bind their successors and assigns, whether so expressed or not. 

 

	 	Section 110	Separability Clause. 

 In
case any provision in this Indenture, any Security shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not, to the fullest extent permitted by applicable law, in any way be affected
or impaired thereby. 
  

	 	Section 111	Benefits of Indenture. 

Nothing in this Indenture or any Security, express or implied, shall give to any Person, other than the parties hereto, any Agent, Any
Authenticating Agent and their successors hereunder and the Holders of Securities, any benefit or any legal or equitable right, remedy or claim under this Indenture. 
  

	 	Section 112	Governing Law. 

 THIS
INDENTURE, THE SECURITIES AND THE GUARANTEES OF THE SECURITIES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
  

	 	Section 113	Legal Holidays. 

 Unless
otherwise specified in or pursuant to this Indenture or any Securities, in any case where any Interest Payment Date, Stated Maturity or Maturity of, or any other day on which a payment is due with respect to, any Security shall be a day which is not
a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or any Security other than a provision in any Security or in the Board Resolution, Officer’s Certificate or supplemental indenture establishing
the terms of any Security that specifically states that such provision shall apply in lieu hereof) payment need not be made at such Place of Payment on such date, but such payment may be made on the next succeeding day that is a Business Day at such
Place of Payment with the same force and effect as if made on the Interest Payment Date, at the Stated Maturity or Maturity or on any such other payment date, as the case may be, and no interest shall accrue on the amount payable on such date or at
such time for the period from and after such Interest Payment Date, Stated Maturity, Maturity or other payment date, as the case may be, to the next succeeding Business Day. 

 

	 	Section 114	Waiver of Jury Trial. 

EACH OF THE ISSUER, THE GUARANTORS, THE TRUSTEE AND THE SECURITY REGISTRAR AND PAYING AGENT HEREBY IRREVOCABLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE OR THE SECURITIES. 

  
 15 

	 	Section 115	Force Majeure. 

 In no
event shall the Trustee, Paying Agent or Security Registrar be responsible or liable for any failure or delay in the performance of its obligations under this Indenture arising out of or caused by, directly or indirectly, forces beyond its
reasonable control, including without limitation strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities,
communications or computer (software or hardware) services. 
  

	 	Section 116	Counterparts. 

 This
Indenture may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. 
  

	 	Section 117	Extension of Payment Dates. 

 In the event that (i) the terms of any Security or any Guarantee established in or pursuant to this Indenture permit the Issuer , any Guarantor or any Holder thereof to extend the date on which any
payment of principal of, or premium, if any, or interest, if any, on, or Additional Amounts, if any, with respect to such Security or Guarantee, as the case may be, is due and payable and (ii) the due date for any such payment shall have been
so extended, then all references herein to the Stated Maturity of such payment (and all references of like import) shall be deemed to refer to the date as so extended. 
  

	 	Section 118	Immunity of Shareholders, Directors, Officers and Agents of the Issuer and Any Guarantor. 

No recourse under or upon any obligation, covenant or agreement contained in this Indenture or in any Security or Guarantee, or because
of any indebtedness evidenced thereby, or for any claim based thereon or otherwise in respect thereof, shall be had against any past, present or future shareholder, incorporator, employee, officer or director, as such, of the Issuer or any
predecessor or successor to the Issuer or any Guarantor, either directly or through the Issuer or any Guarantor or any such predecessor or successor, under any rule of law, statute or constitutional provision or by the enforcement of any assessment
or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of the Securities by the Holders and as part of the consideration for the issue of the Securities; it being expressly
understood that, without limitation to the foregoing, this Indenture, the Securities and the Guarantees and the obligations created hereunder and thereunder are solely corporate, limited liability company, partnership, limited partnership or similar
obligations, as the case may be, of the Issuer and the respective Guarantors and that no such personal liability whatever shall attach to, or is or shall be incurred by, any past, present or future shareholder, incorporator, employee, officer or
director, as such, of the Issuer or any Guarantor or any of their respective predecessors or successors, or any of them, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements
contained in this Indenture or in any Security or Guarantee implied herefrom or therefrom and that any and all such personal liability of every type and nature, either at common law or in equity or by constitution or statute, of, and any and all
such rights and claims against, every such past, present 

  
 16 

 
or future shareholder, incorporator, employee, officer or director, as such, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or
agreements contained in this Indenture or in any Security or Guarantee or implied herefrom or therefrom, are hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issuance of the
Securities. As used in this Section 118, all references to “shareholders” shall be deemed to mean, with respect to any Person, any past, present or future Holder or owner of an equity interest in such Person, including, without
limitation, owners or holders of capital stock, limited or general partnership interests and limited liability company interests. 
 U.S.A. Patriot Act. 
 The Issuer acknowledges 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 Issuer agrees that it will provide the Trustee with such information as it may reasonably request as required in order for the Trustee to satisfy the requirements of
the U.S.A. Patriot Act. 
 ARTICLE TWO 
 SECURITIES FORMS 
  

	 	Section 201	Forms Generally. 

 The
Securities of each series shall be in substantially such form or forms as shall be established by or pursuant to a Board Resolution or, subject to Section 303, set forth in, or determined in the manner provided in, an Officer’s Certificate
pursuant to a Board Resolution, or in one or more indentures supplemental hereto, and any Guarantee or any Security issued pursuant to this Indenture shall be in the form established by or pursuant to a Guarantor’s Board Resolution or a
Guarantor’s Officer’s Certificate pursuant to a Guarantor’s Board Resolution, or established in one or more indentures supplemental hereto, and in each case with 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 applicable tax laws or the rules of any
securities exchange or Depository therefor or as may, consistently herewith, be determined by the Officer executing such Securities, as evidenced by his or her execution thereof. If the form of Securities of any series is established by action taken
pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Issuer and delivered to the Trustee at or prior to the delivery of the Issuer Order contemplated by
Section 303 for the authentication and delivery of such Securities. If all of the Securities of any series established by action taken pursuant to a Board Resolution are not to be issued at one time, it shall not be necessary to deliver a
record of such action at the time of issuance of each Security of such series, but an appropriate record of such action shall be delivered at or before the time of issuance of the first Security of such series. 

Anything herein to the contrary notwithstanding, there shall be no requirement that any Security have endorsed thereon or attached
thereto a Guarantee or a notation of a Guarantee, but such a Guarantee or notation of a Guarantee may be endorsed thereon or attached thereto as contemplated by this Section 201. 

 

	 	Section 202	Form of Trustee’s Certificate of Authentication. 

 Subject to Section 612, the Trustee’s certificate of authentication shall be in substantially the following form: 

  
 17 

 This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture. 
  

			
	 Wells Fargo Bank, National Association,
 as Trustee

		
	By:	 	Authorized Signatory

  

	 	Section 203	Form of Legend for Global Notes. 

 Unless otherwise specified as contemplated by Section 301 for the Securities evidenced thereby or as required by Applicable Procedures, every Global Security authenticated and delivered hereunder
shall bear a legend in substantially the following form: 
 [Insert, if applicable — UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR 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. 

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.] 

[Insert, if applicable — THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO ON THE REVERSE HEREOF
AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY 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.] 

  
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 ARTICLE THREE 
 THE SECURITIES 
  

	 	Section 301	Amount Unlimited; Issuable in Series. 

 The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued in one or more series. 

With respect to any Securities to be authenticated and delivered hereunder, there shall be established in or pursuant to one or more
Board Resolutions or Guarantor’s Board Resolutions, as applicable, or set forth in an Officer’s Certificate or one or more Guarantor’s Officer’s Certificate pursuant to a Board Resolution, as applicable, or established in one or
more indentures supplemental hereto, prior to the issuance of any Securities of a series, 
 (1) the title of the
Securities of such series; 
 (2) any limit upon the aggregate principal amount of the Securities of such series
which may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of such series pursuant to Section 304, 305,
306, 905 or 1107, upon repayment in part of any Security of such series pursuant to Article Thirteen or upon surrender in part of any Security for conversion or exchange into Common Shares or other securities or property pursuant to its terms), and
if such series may not be reopened from time to time for the issuance of additional Securities of such series; 

(3) if any of such Securities are to be issuable in global form, when any of such Securities are to be issuable in global
form and (i) whether such Securities are to be issued in temporary or permanent global form or both, (ii) whether beneficial owners of interests in any such global Security may exchange such interests for Securities of the same series and
of like tenor and of any authorized form and denomination, and the circumstances under which any such exchanges may occur, if other than in the manner specified in Section 305, (iii) the name of the Depository with respect to any such
global Security and (iv) if applicable and in addition to the Persons specified in Section 305, the Person or Persons who shall be entitled to make any endorsements on any such global Security and to give the instructions and take the
other actions with respect to such global Security contemplated by the first paragraph of Section 203; 

(4) the date or dates, or the method or methods, if any, by which such date or dates shall be determined, on which the
principal and premium, if any, of such Securities is payable; 
 (5) the rate or rates at which such Securities
shall bear interest, if any, or the method or methods, if any, by which such rate or rates are to be determined, the date or dates, if any, from which such interest shall begin to accrue or the method or methods, if any, by which such date or dates
are to be determined, the Interest Payment Dates, if any, on which such interest shall be payable and the Regular Record Date, if any, for the interest payable on Securities on any Interest Payment Date, the notice, if any, to Holders regarding the
determination of interest on a floating rate Security and the manner of giving such notice, and the basis upon which interest shall be calculated if other than that of a 360-day year of twelve 30-day months; 

  
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 (6) if in addition to or other than the place where the Corporate Trust
Office of the Trustee may from time to time be located, the place or places where the principal of, premium, if any, and interest, if any, on, and Additional Amounts, if any, with respect to, such Securities shall be payable, any of such Securities
that are Securities may be surrendered for registration of transfer or exchange, any of such Securities may be surrendered for conversion or exchange and notices or demands to or upon the Issuer in respect of such Securities and this Indenture may
be served; 
 (7) whether any of such Securities are to be redeemable at the option of the Issuer and, if so, the
date or dates on which, the period or periods within which, the price or prices at which and the other terms and conditions upon which such Securities may be redeemed, in whole or in part, at the option of the Issuer; 

(8) if the Issuer is obligated to redeem or purchase any of such Securities pursuant to any sinking fund or analogous
provision or at the option of any Holder thereof and, if so, the date or dates on which, the period or periods within which, the price or prices at which and the other terms and conditions upon which such Securities shall be redeemed or purchased,
in whole or in part, pursuant to such obligation, and any provisions for the remarketing of such Securities so redeemed or purchased; 
 (9) if other than denominations of $2,000 and any integral multiple of $1,000 in excess thereof, the denominations in which any Securities of the series shall be issuable; 

(10) if other than the principal amount thereof, the portion of the principal amount of any of such Securities that shall
be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 502 or the method by which such portion is to be determined; 
 (11) if other than Dollars, the Foreign Currency in which payment of the principal of, any premium or interest on or any Additional Amounts with respect to any of such Securities shall be payable;

 (12) if the principal of, any premium or interest on or any Additional Amounts with respect to any of such
Securities are to be payable, at the election of the Issuer or a Holder thereof or otherwise, in Dollars or in a Foreign Currency other than that in which such Securities are stated to be payable, the date or dates on which, the period or periods
within which, and the other terms and conditions upon which, such election may be made, and the time and manner of determining the exchange rate between the Currency in which such Securities are stated to be payable and the Currency in which such
Securities or any of them are to be paid pursuant to such election, and any deletions from or modifications of or additions to the terms of this Indenture to provide for or to facilitate the issuance of Securities denominated or payable, at the
election of the Issuer or a Holder thereof or otherwise, in a Foreign Currency; 

  
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 (13) if the amount of payments of principal of, any premium or interest on
or any Additional Amounts with respect to such Securities may be determined with reference to an index, formula or other method or methods (which index, formula or method or methods may be based, without limitation, on one or more Currencies,
commodities, equity indices or other indices), and, if so, the terms and conditions upon which and the method by which such amounts shall be determined and paid or payable; 

(14) any deletions from, modifications of or additions to the Events of Default or covenants of the Issuer or any
Guarantors with respect to such Securities or the related Guarantees (whether or not such Events of Default or covenants are consistent with the Events of Default or covenants set forth herein), and, if any additional covenants not contained in this
Indenture as of its date shall be applicable with respect to such Securities, whether Section 1006 shall be applicable with respect to any such additional covenants; 

(15) if any one or more of the provisions of Section 401 relating to satisfaction and discharge, Section 402(2)
relating to defeasance or Section 402(3) relating to covenant defeasance shall not be applicable to the Securities of such series, and any covenants in addition to or other than those covenants, if any, specified in Section 402(3) relating
to the Securities of such series which shall be subject to covenant defeasance, and, if the Securities of such series are subject to repurchase or repayment at the option of the Holders thereof pursuant to Article Thirteen, if the Issuer’s
obligation to repurchase or repay such Securities will not be subject to satisfaction and discharge pursuant to Section 401 or to defeasance pursuant to Section 402, and, if the Holders of such Securities have the right to convert or
exchange such Securities into Common Shares or other securities or property, if the right to effect such conversion or exchange will be subject to satisfaction and discharge pursuant to Section 401 or to defeasance or covenant defeasance
pursuant to Section 402, and any deletions from, or modifications or additions to, the provisions of Article Four in respect of the Securities of such series; 

(16) if any of such Securities are issuable in global form and are to be issuable in definitive form (whether upon
original issue or upon exchange of a temporary Security) only upon receipt of certain certificates or other documents or satisfaction of other conditions, then the form and terms of such certificates, documents or conditions; 

(17) whether and under what circumstances the Issuer or any Guarantor of such Securities will pay Additional Amounts on
such Securities or its Guarantee of such Securities, as the case may be, to any Holder who is a United States Alien in respect of specified taxes, assessments or other government charges and, if so, whether the Issuer will have the option to redeem
such Securities rather than pay such Additional Amounts; 
 (18) if there is more than one Trustee, the identity
of the Trustee and, if not the Trustee, the identity of each Security Registrar, Paying Agent or Authenticating Agent, as applicable, with respect to such Securities; 

(19) the Person to whom any interest on any Security of such series shall be payable, if other than the Person in whose
name the Security (or one or more Predecessor 

  
 21 

 
Securities) is registered at the close of business on the Regular Record Date for such interest, the manner in which, and the extent to which, or the manner in which, any interest payable on a
temporary global Security will be paid if other than in the manner provided in this Indenture; 
 (20) the names
of the Guarantors of the Securities of such series (which may, but need not, include any or all of the Initial Guarantors) and the terms of the Guarantees of the Securities of such series, including, without limitation, any deletions from, or
modifications or additions to, the provisions of Article Sixteen or any other provisions of this Indenture in connection with the Guarantees of the Securities of such series; 

(21) whether the Securities of such series or any Guarantees of such Securities are to be secured by any property, assets
or other collateral and, if so, the applicable collateral, any deletions from, or modifications or additions to, the provisions of Article Sixteen hereof or any other provisions of this Indenture in connection therewith or in connection with any
other instrument or agreement entered into in connection therewith; and 
 (22) any other terms of such
Securities and the Guarantees of such Securities (whether or not such other terms are consistent or inconsistent with any other terms of this Indenture) and any deletions from or modifications or additions to this Indenture in respect of such
Securities or such Guarantees. 
 All Securities of any one series shall be substantially identical except as to denomination
and except as may otherwise be provided in or pursuant to the Board Resolution referred to above or pursuant to authority granted by one or more Board Resolutions and, subject to Section 303, set forth, or determined in the manner provided, in
the Officer’s Certificate pursuant to a Board Resolution referred to above or in any such indenture supplemental hereto. All Securities of any one series need not be issued at one time and, unless otherwise provided in or pursuant to the Board
Resolution referred to above and, subject to Section 303, set forth, or determined in the manner provided, in the Officer’s Certificate pursuant to a Board Resolution referred to above or pursuant to authority granted by one or more Board
Resolutions or in any such indenture supplemental hereto with respect to a series of Securities, additional Securities of a series may be issued, at the option of the Issuer, without the consent of any Holder, at any time and from time to time.

 If any of the terms of the Securities of any series or any Guarantee of the Securities of any series shall be established by
action taken by or pursuant to one or more Board Resolutions or Guarantor’s Board Resolutions, such Board Resolutions or Guarantor’s Board Resolutions shall be delivered to the Trustee at or prior to the delivery of the Officer’s
Certificate or the Guarantor’s Officer’s Certificate setting forth the terms of such series. 
  

	 	Section 302	Currency; Denominations. 

Unless otherwise provided in or pursuant to this Indenture, the principal of, any premium and interest on and any Additional Amounts with
respect to the Securities shall be payable in Dollars. Unless otherwise provided in or pursuant to this Indenture, Securities denominated in 

  
 22 

 
Dollars shall be issuable in registered form without coupons in denominations of $2,000 and any integral multiples of $1,000 in excess thereof. Securities not denominated in Dollars shall be
issuable in such denominations as are established with respect to such Securities in or pursuant to this Indenture. 
  

	 	Section 303	Execution, Authentication, Delivery and Dating. 

 Securities shall be executed on behalf of at least one Officer of the Issuer and may (but need not) have its corporate or other seal or a facsimile thereof reproduced thereon and may be signed by manual
or facsimile signature. 
 If any Guarantees are to be endorsed on or attached to any Securities, and if such Guarantees provide
for the execution thereof by the applicable Guarantors (it being understood and agreed that any such Guarantee may, but need not, provide for the execution by the applicable Guarantors), such Guarantees shall be executed on behalf of an Officer of
each applicable Guarantor and may (but need not) have its corporate or other seal or facsimile thereof reproduced thereon. The signature of any of these officers on any Guarantee may be manual or facsimile. 

Securities and any Guarantees bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the
Issuer or the applicable Guarantor, as the case may be, shall, to the fullest extent permitted by applicable law, bind the Issuer or such Guarantor, as the case may be, notwithstanding that such individuals or any of them have ceased to hold such
offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such Securities. 
 At any time and from time to time after the execution and delivery of this Indenture, the Issuer may deliver Securities executed by the Issuer, to the Trustee for authentication and, provided that the
Board Resolution or Officer’s Certificate pursuant to a Board Resolution (and each Guarantor’s Board Resolution or Guarantor’s Officer’s Certificate pursuant to a Guarantor’s Board Resolution) or supplemental indenture or
indentures with respect to such Securities referred to in Section 301 and a Issuer Order for the authentication and delivery of such Securities have been delivered to the Trustee, the Trustee in accordance with the Issuer Order and subject to
the provisions hereof and of such Securities shall authenticate and deliver such Securities. 
 If Securities of any series are
not to be issued at one time, it shall not be necessary to deliver an Opinion of Counsel at the time of issuance of each Security, but such opinion, with such modifications as counsel shall deem appropriate, shall be delivered at or before the time
of issuance of the first Security of such series. After any such first delivery, any separate request by the Issuer that the Trustee authenticate Securities of such series for original issue will be deemed to be a certification by the Issuer that
all conditions precedent provided for in this Indenture relating to authentication and delivery of such Securities continue to have been complied with. 
 The Trustee shall not be required to authenticate or to cause an Authenticating Agent to authenticate any Securities if the issue of such Securities pursuant to this Indenture will affect the
Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee or if the Trustee, being advised by counsel, determines that such action may not
lawfully be taken. 

  
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 Each Security shall be dated the date of its authentication. 

No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose, unless there appears on such
Security a certificate of authentication substantially in the form provided for in Section 202 or 612 executed by or on behalf of the Trustee or by the Authenticating Agent by the manual signature of one of its authorized signatories. Such
certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder. 
  

	 	Section 304	Temporary Securities. 

Pending the preparation of definitive Securities, the Issuer may execute and deliver to the Trustee and, upon Issuer Order, the Trustee
shall authenticate and deliver, in the manner provided in Section 303, temporary Securities in lieu thereof which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the
tenor of the definitive Securities in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers of the Issuer executing such Securities may determine, as conclusively evidenced
by their execution of such Securities. Such temporary Securities may be in global form. 
 Except in the case of temporary
Securities in global form, which shall be exchanged in accordance with the provisions set forth in this Indenture or the provisions established pursuant to Section 301, if temporary Securities are issued, the Issuer shall cause definitive
Securities to be prepared without unreasonable delay. Except as otherwise provided in or pursuant to this Indenture, after the preparation of definitive Securities of the same series and containing terms and provisions that are identical to those of
any temporary Securities, such temporary Securities shall be exchangeable for such definitive Securities upon surrender of such temporary Securities at an Office or Agency for such Securities, without charge to any Holder thereof. Except as
otherwise provided in or pursuant to this Indenture, upon surrender for cancellation of any one or more temporary Securities, the Issuer shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of
definitive Securities of authorized denominations of the same series and containing identical terms and provisions. Unless otherwise provided in or pursuant to this Indenture with respect to a temporary global Security, until so exchanged the
temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series. 
  

	 	Section 305	Registration, Transfer and Exchange. 

 The Issuer shall maintain an office or agency(the register maintained in such office and in any other office or agency of the Issuer in a Place of Payment being herein sometimes collectively referred to
as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Issuer shall provide for the registration of transfers and exchanges of Securities (the “Security Registrar”).
The Issuer may appoint one or more co-registrars. 

  
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 Except as otherwise provided in or pursuant to this Indenture, upon surrender for
registration of transfer of any Security of a series at the office or agency of the Issuer in a Place of Payment for such series, the Issuer shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or
transferees, one or more new Securities of the same series, of any authorized denominations and of like tenor and principal amount. 
 Except as otherwise provided in or pursuant to this Indenture, at the option of the Holder, Securities of any series may be exchanged for other Securities of the same series, of any authorized
denominations and of like tenor and principal amount, upon surrender of the Securities to be exchanged at such office or agency. Whenever any Securities are so surrendered for exchange, the Issuer shall execute, and the Trustee shall authenticate
and deliver, the Securities which the Holder making the exchange is entitled to receive. 
 The Issuer shall execute, and the
Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. 
 All
Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the Issuer evidencing the same debt and entitling the Holders thereof to the same benefits under this Indenture and the applicable
Guarantees as the Securities surrendered upon such registration of transfer or exchange. 
 Every Security presented or
surrendered for registration of transfer or for exchange or redemption shall (if so required by the Issuer or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Issuer and the Security
Registrar for such Security duly executed by the Holder thereof or such Holder’s attorney duly authorized in writing. 
 No
service charge shall be made for any registration of transfer or exchange of Securities, or any redemption or repayment of Securities, or any conversion or exchange of Securities for other types of securities or property, but the Issuer may require
payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 304, 905 or 1107 not involving any
transfer. 
 If the Securities of any series (or of any series and specified tenor) are to be redeemed in part, the Issuer shall
not be required (A) to issue, register the transfer of or exchange any Securities of such series (or of such series and specified tenor, as the case may be) during a period beginning at the opening of business 15 days before the day of the
delivery of a notice of redemption of any such Securities selected for redemption under Section 1103 and ending at the close of business on the day of such delivery, or (B) to register the transfer of or exchange any Security so selected
for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part. 
  

	 	Section 306	Mutilated, Destroyed, Lost and Stolen Securities. 

 If any mutilated Security is surrendered to the Trustee, subject to the provisions of this Section 306, the Issuer shall execute and the Trustee shall authenticate and deliver in exchange therefor a
new Security of the same series containing identical terms and of like principal amount and bearing a number not contemporaneously outstanding. 

  
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 If there be delivered to the Issuer and to the Trustee (i) evidence to their
satisfaction of the destruction, loss or theft of any Security, 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 from and against any and all loss, liability or
expense, then, in the absence of notice to the Issuer or the Trustee that such Security has been acquired by a bona fide purchaser, the Issuer shall execute and the Trustee shall authenticate and deliver, in exchange for or in lieu of any such
mutilated, destroyed, lost or stolen Security, a new Security of the same series containing identical terms and of like principal amount and bearing a number not contemporaneously outstanding. 

In case any mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Issuer in its discretion
may, instead of issuing a new Security, pay such Security. 
 Upon the issuance of any new Security under this Section, the
Issuer 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 counsel to the Issuer and the fees and expenses of
the Trustee and its counsel) connected therewith. 
 Every new Security issued pursuant to this Section in lieu of any
destroyed, lost or stolen Security shall constitute a separate obligation of the Issuer, whether or not the destroyed, lost or stolen Security 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 Securities of such series duly issued hereunder. 
 The provisions of this
Section, as amended or supplemented pursuant to this Indenture with respect to particular Securities or generally, shall (to the extent lawful) be 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 Securities. 
  

	 	Section 307	Payment of Interest and Certain Additional Amounts; Rights to Interest and Certain Additional Amounts Preserved. 

Unless otherwise provided in or pursuant to this Indenture, any interest on and any Additional Amounts with respect to any Security which
shall be payable, and are punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Security (or one or more Predecessor Securities) is registered as of the close of business on the Regular
Record Date for such interest. 
 Unless otherwise provided in or pursuant to this Indenture, any interest on and any Additional
Amounts with respect to any Security which shall be payable, but shall not be punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder
thereof on the relevant Regular Record Date by virtue of having been such Holder; and such Defaulted Interest may be paid by the Issuer, at its election in each case, as provided in Clause (1) or (2) below: 

  
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 (1) The Issuer may elect to make payment of any Defaulted Interest to the
Person in whose name such Security (or a Predecessor Security thereof) shall be 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 Issuer shall
notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on such Security and the date of the proposed payment, and at the same time the Issuer 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 on or prior to the date of the proposed payment, such money when so deposited to be held in trust for the
benefit of the Person 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 Issuer of such Special Record Date and, in the name and at the expense
of the Issuer shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be delivered in writing to the Holder of such Security (or a Predecessor Security thereof) at his address as it appears in
the Register not 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 mailed as aforesaid, such Defaulted Interest shall be paid to the Person
in whose name such Security (or a Predecessor Security thereof) shall be 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 Issuer may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the
requirements of any securities exchange on which such Security may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Issuer to the Trustee of the proposed payment pursuant to this Clause, such payment
shall be deemed practicable by the Trustee. 
 Subject to the foregoing provisions of this Section and Section 305, each
Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 

 

	 	Section 308	Persons Deemed Owners. 

Prior to due presentment of a Security for registration of transfer, the Issuer, the Guarantors, the Trustee and any agent of the Issuer,
any Guarantor or the Trustee may treat the Person in whose name such Security is registered in the Security Register as the owner of such Security for the purpose of receiving payment of principal of, any premium and (subject to Sections 305 and
307) interest on and any Additional Amounts with respect to such Security and for all other purposes whatsoever, whether or not any payment with respect to such Security shall be overdue, and none of the Issuer, the Guarantors, the Trustee or any
agent of the Issuer any Guarantor or the Trustee shall be affected by notice to the contrary. 

  
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 No Holder of any beneficial interest in any global Security held on its behalf by a
Depository shall have any rights under this Indenture with respect to such global Security, and such Depository may be treated by the Issuer, the Guarantors, the Trustee, and any agent of the Issuer or the Trustee as the owner of such global
Security for all purposes whatsoever. None of the Issuer, the Guarantors, the Trustee, any Paying Agent or the Security Registrar 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 global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 
 Notwithstanding the foregoing, nothing herein shall prevent the Issuer, the Guarantors, the Trustee, any Paying Agent or the Security Registrar from giving effect to any written certification, proxy or
other authorization furnished by the applicable Depository, as a Holder, with respect to a global Security or impair, as between such Depository and the owners of beneficial interests in such global Security, the operation of customary practices
governing the exercise of the rights of such Depository (or its nominee) as the Holder of such global Security. 
  

	 	Section 309	Cancellation. 

 All
Securities surrendered for payment, redemption, registration of transfer, exchange or conversion or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee, and any such
Securities, as well as Securities surrendered directly to the Trustee for any such purpose, shall be cancelled promptly by the Trustee. The Issuer may at any time deliver to the Trustee for cancellation any Securities previously authenticated and
delivered hereunder which the Issuer may have acquired in any manner whatsoever, and all Securities so delivered shall be cancelled promptly by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled
as provided in this Section, except as expressly permitted by or pursuant to this Indenture. All cancelled Securities held by the Trustee shall be destroyed by the Trustee in accordance with customary procedures. 

 

	 	Section 310	Computation of Interest. 

Except as otherwise provided in or pursuant to this Indenture or in the Securities of any series, interest on the Securities shall be
computed on the basis of a 360-day year of twelve 30-day months. 
  

	 	Section 311	Original Issue Discount. 

If any of the Securities is an Original Issue Discount Security, the Issuer shall file with the Trustee, Securities Registrar and Paying
Agent promptly at the end of each calendar year (1) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on such Outstanding Original Issue Discount Securities as of the end of
such year and (2) such other specific information relating to such original issue discount as may then be relevant under the Internal Revenue Code. 

  
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 ARTICLE FOUR 
 SATISFACTION AND DISCHARGE OF INDENTURE 
  

	 	Section 401	Satisfaction and Discharge. 

 Unless, pursuant to Section 301, the provisions of this Section 401 shall not be applicable with respect to the Securities of any series, upon the direction of the Issuer by a Issuer Order, this
Indenture shall cease to be of further effect with respect to any series of Securities specified in such Issuer Order and any Guarantees of such Securities and the Trustee, on receipt of a Issuer Order, at the expense of the Issuer, shall execute
proper instruments acknowledging satisfaction and discharge of this Indenture as to such series, when 
 (1)
Either 
 (a) all Securities of such series theretofore authenticated and delivered (other than
(i) Securities that have been mutilated, destroyed, lost or stolen and which have been replaced or paid as provided in Section 306 and (ii) Securities for whose payment money has theretofore been deposited in trust or segregated and
held in trust by the Issuer and thereafter repaid to the Issuer or discharged from such trust, as provided in Section 1003) have been delivered to the Trustee for cancellation; or 

(b) all Securities of such series 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) if redeemable at the option of the Issuer, 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 Issuer, and the Issuer, in the case of (i), (ii) or (iii) above, has deposited or caused to be deposited with the
Trustee as trust funds in trust for such purpose, money in the Currency in which such Securities are payable in an amount sufficient to pay and discharge the entire indebtedness on such Securities, including the principal of, any premium and
interest on, and, to the extent that the Securities of such series provide for the payment of Additional Amounts thereon and the amount of any such Additional Amounts which are or will be payable with respect to the Securities of such series is at
the time of deposit reasonably determinable by the Issuer (in the exercise by the Issuer of its sole and absolute discretion), any Additional Amounts with respect to, such Securities to the date of such deposit (in the case of Securities which have
become due and payable) or to the Maturity thereof, as the case may be; 

  
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 (2) the Issuer has paid or caused to be paid all other sums payable
hereunder by the Issuer; and 
 (3) the Issuer has delivered to the Trustee an Officer’s Certificate and an
Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture as to such series have been complied with. 

In the event there are Securities of two or more series Outstanding hereunder, the Trustee shall be required to execute an instrument
acknowledging satisfaction and discharge of this Indenture only if requested to do so with respect to Securities of such series as to which it is Trustee and if the other conditions thereto are met. 

At such time as the Issuer shall have effected satisfaction and discharge of this Indenture with respect to any series of Securities,
each Guarantor of the Securities of such series shall (except as provided in the next succeeding paragraph) be automatically and unconditionally released and discharged from all of its obligations under its Guarantee of the Securities of such series
and all of its other obligations under this Indenture in respect of the Securities of such series, without any action by the Issuer, any Guarantor or the Trustee and without the consent of the Holders of any Securities. 

Notwithstanding the satisfaction and discharge of this Indenture with respect to any series of Securities, the obligations of the Issuer
to the Trustee under Section 606 and, if money shall have been deposited with the Trustee pursuant to subclause (b) of clause (1) of this Section, the respective obligations of the Trustee under Section 402 and the last paragraph
of Section 1003 shall survive. 
  

	 	Section 402	Defeasance and Covenant Defeasance. 

 (1) Unless, pursuant to Section 301, either or both of (i) defeasance of the Securities of or within a series under clause (2) of this Section 402 or (ii) covenant defeasance of
the Securities of or within a series under clause (3) of this Section 402 shall not be applicable with respect to the Securities of such series, then such provisions, together with the other provisions of this Section 402 (with such
modifications thereto as may be specified pursuant to Section 301 with respect to any Securities), shall be applicable to such Securities, and the Issuer may at its option by Board Resolution, at any time, with respect to the Securities of or
within such series, elect to have Section 402(2) or Section 402(3) be applied to such Outstanding Securities upon compliance with the conditions set forth below in this Section 402. Unless otherwise specified pursuant to
Section 301 with respect to the Securities of any series, defeasance under clause (2) of this Section 402 and covenant defeasance under clause (3) of this Section 402 may be effected with respect to any or all of the
Outstanding Securities of any series. To the extent that the terms of any Security established in or pursuant to this Indenture permit the Issuer, any of the Guarantors or any Holder thereof to extend the date on which any payment of principal of,
or premium, if any, or interest, if any, on, or Additional Amounts, if any, with respect to such Security is due and payable, then unless otherwise provided pursuant to Section 301, the right to extend such date shall terminate upon defeasance
or covenant defeasance, as the case may be. 

  
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 (2) Upon the Issuer’s exercise of the above option applicable to this
Section 402(2) with respect to any Securities of or within a series, the Issuer shall be deemed to have been discharged from its obligations with respect to such Outstanding Securities on the date the conditions set forth in clause (4) of
this Section 402 are satisfied (hereinafter, “defeasance”). For this purpose, such defeasance means that the Issuer shall be deemed to have paid and discharged the entire indebtedness represented by such Outstanding Securities,
which shall thereafter be deemed to be “Outstanding” only for the purposes of clause (5) of this Section 402 and the other Sections of this Indenture referred to in clauses (i) through (iv) of this paragraph, and
the Issue and the Guarantors of the Securities of such series shall be deemed to have satisfied all of their respective other obligations under such Securities and the Guarantees of such Securities and this Indenture insofar as such Securities or
such Guarantees are concerned (and the Trustee, at the expense of the Issuer, shall execute proper instruments acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder: (i) the
rights of Holders of such Outstanding Securities to receive, solely (except as provided in clause (ii) below) from the trust fund described in clause (4)(a) of this Section 402 and as more fully set forth in this Section 402 and
Section 403, payments in respect of the principal of (and premium, if any) and interest, if any, on, and Additional Amounts, if any, with respect to, such Securities when such payments are due, (ii) the obligations of the Issuer, the
Guarantors of the Securities of such series and the Trustee with respect to such Securities under Sections 305, 306, 1002 and 1003 and, if applicable to the Securities of such series, any rights of Holders of such Securities (unless otherwise
provided pursuant to Section 301 with respect to the Securities of such series) to convert or exchange, and the obligations of the Issuer to convert or exchange, such Securities into Common Shares or other securities or property, and, if
expressly provided pursuant to Section 301 with respect to the Securities of such series, any rights of Holders of the Securities of such series to require the Issuer to repurchase or repay, and the obligations of the Issuer to repurchase or
repay, such Securities at the option of such Holders as contemplated by Article Thirteen hereof, and, if the Securities of such series provide for the payment of Additional Amounts pursuant to Section 1004, the Issuer will remain obligated,
following defeasance of this Indenture with respect to the Securities of such series, to pay, and the Guarantees of the Securities of such series will continue to Guarantee (on the terms and subject to the conditions set forth in this Indenture,
subject to any other terms of this Indenture, including any terms established pursuant to Section 301 with respect to the Securities of such series, providing for the release and discharge of any Guarantor from its Guarantee of the Securities
of such series and its other obligations under this Indenture in respect to the Securities of such series) the payment of, Additional Amounts with respect to such Securities as contemplated by Section 1004, to the extent (and only to the
extent) that the Additional Amounts payable with respect to such Securities exceed the amount deposited in respect of such Additional Amounts pursuant to clause 4(a) of this Section 402, (iii) the rights, powers, trusts, duties and
immunities of the Trustee hereunder and (iv) this Section 402 and Sections 403 and 404. The Issuer may exercise its option under this Section 402(2) notwithstanding the prior exercise of its option under Section 402(3) with
respect to such Securities. Upon the 

  
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effectiveness of defeasance with respect to any series of Securities, each Guarantor of the Securities of such series shall (except as provided in clause (ii) of the next preceding sentence)
be automatically and unconditionally released and discharged from all of its obligations under its Guarantee of the Securities of such series and all of its other obligations under this Indenture in respect of the Securities of such series, without
any action by the Issuer, any Guarantor or the Trustee and without the consent of the Holders of any Securities. 

(3) Upon the Issuer’s exercise of the above option applicable to this Section 402(3) with respect to any
Securities of or within a series, the Issuer shall be released from its obligations under any covenants applicable to such Securities which are specified pursuant to Section 301 as being subject to covenant defeasance on and after the date the
conditions set forth in clause (4) of this Section 402 are satisfied (hereinafter, “covenant defeasance”), and such Securities shall thereafter be deemed to be not “Outstanding” for the purposes of any
direction, waiver, consent or declaration or Act of Holders (and the consequences of any thereof) in connection with any such covenant, but shall continue to be deemed Outstanding for all other purposes hereunder. For this purpose, such covenant
defeasance means that with respect to such Outstanding Securities, the Issuer may omit to comply with, and shall have no liability in respect of, any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by
reason of any reference elsewhere herein to any such Section or such other covenant or by reason of reference in any such Section or such other covenant to any other provision herein or in any other document and such omission to comply shall not
constitute a default or an Event of Default under Section 501, as the case may be, but, except as specified above, the remainder of this Indenture and such Securities and the Guarantees thereof shall be unaffected thereby. 

(4) The following shall be the conditions to application of clause (2) or (3) of this Section 402 to any
Outstanding Securities of or within a series: 
 (a) The Issuer shall irrevocably have deposited or caused to be
deposited with the Trustee (or another trustee satisfying the requirements of Section 608 who shall agree to comply with the provisions of this Section 402 applicable to it) as trust funds in trust for the purpose of making the following
payments, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities, (1) an amount in Dollars or in such Foreign Currency in which such Securities appertaining thereto are then specified as
payable at Stated Maturity or, if such defeasance or covenant defeasance is to be effected in compliance with subsection (f) below, on the relevant Redemption Date, as the case may be, or (2) Government Obligations applicable to such
Securities (determined on the basis of the Currency in which such Securities are then specified as payable at Stated Maturity or, if such defeasance or covenant defeasance is to be effected in compliance with subsection (f) below, on the
relevant Redemption Date, as the case may be) 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 of principal of
(and premium, if any) and interest, if any, on such Securities, money 

  
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in an amount, or (3) a combination thereof, in any case, in an amount, sufficient, without consideration of any reinvestment of such principal and interest, 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 other qualifying trustee) to pay and discharge, (y) the
principal of (and premium, if any) and interest, if any, on, and, to the extent that such Securities provide for the payment of Additional Amounts thereon and the amount of any such Additional Amounts which are or will be payable with respect to the
Securities of such series is at the time of deposit reasonably determinable by the Issuer (in the exercise by the Issuer of its sole and absolute discretion), any Additional Amounts with respect to, such Outstanding Securities on the Stated Maturity
of such principal or installment of principal or interest or the applicable Redemption Date, as the case may be, and (z) any mandatory sinking fund payments or analogous payments applicable to such Outstanding Securities on the day on which
such payments are due and payable in accordance with the terms of this Indenture and of such Securities. 
 (b)
Such defeasance or covenant defeasance shall not result in a breach or violation of, or constitute a default under, this Indenture. 
 (c) No Event of Default or event which with notice or lapse of time or both would become an Event of Default with respect to such Securities shall have occurred and be continuing on the date of such
deposit. 
 (d) In the case of defeasance pursuant to Section 402(2), the Issuer shall have delivered to
the Trustee an Opinion of Counsel reasonably acceptable to the Trustee stating that (x) the Issuer has received from, or there has been published by, the Internal Revenue Service a ruling, or (y) since the date of this Indenture there has
been a change in applicable U.S. federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of such Outstanding Securities will not recognize income, gain or loss for U.S.
federal income tax purposes as a result of such defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such defeasance had not occurred; or, in the case
of covenant defeasance pursuant to Section 402(3), the Issuer shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee to the effect that the Holders of such Outstanding Securities will not recognize
income, gain or loss for U.S. federal income tax purposes as a result of such covenant defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such
covenant defeasance had not occurred. 
 (e) The Issuer shall have delivered to the Trustee an Officer’s
Certificate and an Opinion of Counsel, each stating that all conditions precedent to the defeasance or covenant defeasance, as the case may be, under this Indenture have been complied with. 

  
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 (f) If the monies or Government Obligations or combination thereof, as the
case may be, deposited under clause (a) above are sufficient to pay the principal of, and premium, if any, and interest, if any, on and, to the extent provided in such clause (a), Additional Amounts with respect to, such Securities provided
such Securities are redeemed on a particular Redemption Date, the Issuer shall have given the Trustee irrevocable instructions to redeem such Securities on such date and to provide notice of such redemption to Holders as provided in or pursuant to
this Indenture. 
 (g) Notwithstanding any other provisions of this Section 402(4), such defeasance or
covenant defeasance shall be effected in compliance with any additional or substitute terms, conditions or limitations which may be imposed on the Issuer in connection therewith pursuant to Section 301. 

(5) Subject to the provisions of the last paragraph of Section 1003, all money and Government Obligations (or other
property as may be provided pursuant to Section 301) (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee—collectively for purposes of this Section 402(5) and Section 403, the
“Trustee”) pursuant to clause (4)(a) of Section 402 in respect of any Outstanding Securities of any series shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this
Indenture, to the payment, either directly or through any Paying Agent (other than the Issuer or any Guarantor of the Securities of the applicable series or any Subsidiary or Affiliate of the Issuer or any such Guarantor acting as Paying Agent) as
the Trustee may determine, to the Holders of such Securities of all sums due and to become due thereon in respect of principal (and premium, if any) and interest and Additional Amounts, if any, but such money need not be segregated from other funds
except to the extent required by law. 
 The Issuer shall pay and indemnify the Trustee against any tax, fee or other charge,
imposed on or assessed against the Government Obligations deposited pursuant to this Section 402 or the principal or 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 such Outstanding Securities. 
 Anything in this Section 402 to the contrary notwithstanding, the Trustee shall
deliver or pay to the Issuer from time to time upon Issuer Request any money or Government Obligations (or other property and any proceeds therefrom) held by it as provided in clause (4)(a) of this Section 402 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 a defeasance or covenant
defeasance, as applicable, in accordance with this Section 402. 
  

	 	Section 403	Application of Trust Money. 

 Subject to the provisions of the last paragraph of Section 1003, all money and Government Obligations deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it,
in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (other than the Issuer or any Guarantor of 

  
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the Securities of the applicable series or any Subsidiary or Affiliate of the Issuer or any such Guarantor acting as Paying Agent) as the Trustee may determine, to the Persons entitled thereto,
of the principal, premium, interest and Additional Amounts for whose payment such money has or Government Obligations have been deposited with or received by the Trustee; but such money and Government Obligations need not be segregated from other
funds except to the extent required by law. 
  

	 	Section 404	Reinstatement. 

 If the
Trustee or Paying Agent is unable to apply any United States Dollars or Government Securities in accordance with Section 402 hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining,
restraining or otherwise prohibiting such application, then the Issuer’s and the applicable Guarantors’ respective obligations under this Indenture and the Securities of such series and the Guarantees of such Securities shall be revived
and reinstated as though no deposit had occurred pursuant to Section 402 hereof until such time as the Trustee (or other qualifying trustee) or Paying Agent is permitted to apply all such money in accordance with Section 402 hereof, as the
case may be; provided that, if the Issuer or any Guarantor makes any payment of principal of, premium and Additional Amounts, if any, or interest on any Securities following the reinstatement of its obligations, the Issuer or such Guarantor, as the
case may be, shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money held by the Trustee (or other qualifying trustee) or Paying Agent. 

ARTICLE FIVE 
 REMEDIES 
  

	 	Section 501	Events of Default. 

“Event of Default,” wherever used herein with respect to Securities of any series, means any one of the following events
(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) unless such event is specifically deleted or modified in or pursuant to the supplemental indenture, Board Resolution or Officer’s Certificate pursuant to a Board Resolution establishing the terms of such series pursuant to
this Indenture: 
 (1) default in payment when due and payable, upon redemption, acceleration or otherwise, of
principal of, or premium, if any, on the Securities; or 
 (2) default for 30 days or more in the payment when
due of interest on or with respect to the Securities; or 
 (3) default in the deposit of any sinking fund
payment when and as due with respect to any of the Securities of such series; or 
 (4) default in the
performance, or breach, of any covenant or warranty of the Issuer in the Indenture, and continuance of such default or breach for a period of 60 days after there has been given written notice by the Trustee or the holders of at least 10% in
principal amount of the Outstanding debt securities with a copy to the trustee specifying such default or breach and requiring it to be remedied; or 

  
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 (5) the Issuer pursuant to or under or within the meaning of any Bankruptcy
Law: 
 (i) commences proceedings to be adjudicated bankrupt or insolvent; 

(ii) consents to the institution of bankruptcy or insolvency proceedings against it, or the filing by it of a petition or
answer or consent seeking reorganization or relief under applicable Bankruptcy law; 
 (iii) consents to the
appointment of a receiver, liquidator, assignee, trustee, sequestrator or other similar official of it or for all or substantially all of its property; 
 (iv) makes a general assignment for the benefit of its creditors; or 
 (v) generally is not paying its debts as they become due; or; 
 (6)
a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (i) is for relief
against the Issuer in an involuntary case or proceeding; or 
 (ii) appoints a trustee, receiver, liquidator,
custodian or other similar official of the Issuer or any substantial part of their respective properties; or 

(iii) orders the liquidation of the Issuer; and, in each case in this clause (6), the order or decree remains unstayed
and in effect for 60 consecutive days; or 
 (7) the Guarantee of any Significant Subsidiary shall for any reason
cease to be in full force and effect or be declared null and void or any responsible officer of any Guarantor that is a Significant Subsidiary, as the case may be, denies that it has any further liability under its Guarantee or gives notice to such
effect, other than by reason of the termination of this Indenture or the release of any such Guarantee in accordance with this Indenture; or 
 (8) any other Event of Default provided in or pursuant to this Indenture with respect to Securities of such series. 
  

	 	Section 502	Acceleration of Maturity; Rescission and Annulment. 

  
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 If any Event of Default (other than an Event of Default specified in clause (5) or
(6) of Section 501 hereof) occurs and is continuing under this Indenture, the Trustee or the Holders of at least 25% in principal amount of the then total Outstanding Securities may declare the principal, premium, if any, interest and any
other monetary obligations on all the then Outstanding Securities to be due and payable immediately. Upon the effectiveness of such declaration, such principal and interest shall be due and payable immediately. The Trustee shall have no obligation
to accelerate the Securities if and so long as a committee of its Responsible Officers in good faith determines acceleration is not in the best interest of the Holders of the Securities. 

Notwithstanding the foregoing, in the case of an Event of Default arising under clause (5) or (6) of Section 501 hereof,
all Outstanding Securities shall be due and payable immediately without further action or notice. 
 The Holders of a majority
in aggregate principal amount of the then Outstanding Securities by written notice to the Issuer and the Trustee may on behalf of all of the Holders rescind an acceleration and its consequences if the rescission would not conflict with any judgment
or decree and if all existing Events of Default (except nonpayment of principal, interest, Additional Amounts, if any, or premium that has become due solely because of the acceleration) have been cured or waived. 

 

	 	Section 503	Collection of Indebtedness and Suits for Enforcement by Trustee. 

 The Issuer covenants that if: 
 (1) default is made in the payment
of any interest on, or any Additional Amounts payable in respect of any interest on, any Security when such interest or Additional Amounts, as the case may be, shall have become due and payable and such default continues for a period of 30 days, or

 (2) default is made in the payment of any principal of or premium, if any, on, or any Additional Amounts
payable in respect of any principal of or premium, if any, on, any Security at its Maturity, or 
 (3) default is
made in the deposit of any sinking fund payment when due, the Issuer shall, upon demand of the Trustee, pay to the Trustee, for the benefit of the Holders of such Securities, the whole amount of money then due and payable with respect to such
Securities, with interest upon the overdue principal, any premium and, to the extent permitted by applicable law, upon any overdue installments of interest and Additional Amounts at the rate or respective rates, as the case may be, provided for or
with respect to such Securities or, if no such rate or rates are so provided, at the rate or respective rates, as the case may be, of interest borne by such Securities, and, in addition thereto, such further amount of money as shall be sufficient to
cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and all other amounts due to the Trustee under Section 606. 

  
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 If an Event of Default with respect to Securities of any series occurs and is continuing,
the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Securities of such series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such
rights, whether for the specific enforcement of any covenant or agreement in this Indenture or such Securities or in aid of the exercise of any power granted herein or therein, or to enforce any other proper remedy. 

 

	 	Section 504	Trustee May File Proofs of Claim. 

 The Trustee is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders of the Securities allowed in any judicial proceedings relative to the Issuer (or any other obligor upon the Securities including the
Guarantors), its creditors or its property and shall be entitled and empowered to participate as a member in any official committee of creditors appointed in such matter and to collect, receive and distribute any money or other property payable or
deliverable on any such claims and any custodian in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the
Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 606 hereof. To the extent that
the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 606 hereof out of the estate in any such proceeding, shall be denied for any
reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation
or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement,
adjustment or composition affecting the Securities or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

 

	 	Section 505	Trustee May Enforce Claims without Possession of Securities. 

 All rights of action and claims under this Indenture or any of the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities 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 or judgment, after provision for the payment of the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, shall be for the ratable benefit of each and every Holder of a Security in respect of which such judgment has been recovered. 

 

	 	Section 506	Application of Money Collected. 

 Any money collected by the Trustee pursuant to this Article with respect to the Securities of any series shall be applied in the following order, at the date or dates fixed by the Trustee and,

  
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in case of the distribution of such money on account of principal, or any premium, interest or Additional Amounts, upon presentation of such Securities 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, Security
Registrar and Paying Agent and any predecessor thereof under Section 606; 
 SECOND: To the payment of the amounts then due
and unpaid upon the Securities for principal and any premium, interest and Additional Amounts in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the
aggregate amounts due and payable on such Securities for principal and any premium, interest and Additional Amounts; 
 THIRD:
The balance, if any, to the Person or Persons entitled thereto. 
  

	 	Section 507	Limitations on Suits. 

No Holder of any Security of any series 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 Securities of such series; 
 (2) Holders of at least 25% in principal amount of the total Outstanding Securities have requested the Trustee to pursue the remedy; 

(3) Holders of the Securities have offered the Trustee security or indemnity reasonably satisfactory to it against any
loss, liability or expense; 
 (4) the Trustee has not complied with such request within 60 days after the
receipt thereof and the offer of security or indemnity; and 
 (5) Holders of a majority in principal amount of
the total Outstanding Securities have not given the Trustee a direction inconsistent with such request within such 60-day period. 
 A Holder of a Security may not use this Indenture to prejudice the rights of another Holder of a Security or to obtain a preference or priority over another Holder of a Security. 

 

	 	Section 508	Unconditional Right of Holders to Receive Principal and any Premium, Interest and Additional Amounts. 

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

  
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	 	Section 509	Restoration of Rights and Remedies. 

 If the Trustee or any Holder of a Security 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 the Issuer, the Trustee and each such Holder shall, subject to any determination in such proceeding, be restored severally and respectively to their former
positions hereunder, and thereafter all rights and remedies of the Trustee and each such Holder shall continue as though no such proceeding had been instituted. 
  

	 	Section 510	Rights and Remedies Cumulative. 

 To the extent permitted by applicable law and except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of
Section 306, no right or remedy herein conferred upon or reserved to the Trustee or to each and every Holder of a Security is intended to be exclusive of any other right or remedy, and every right and remedy, to the extent permitted by
applicable law, shall 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,
to the extent permitted by applicable law, prevent the concurrent assertion or employment of any other appropriate right or remedy. 
  

	 	Section 511	Delay or Omission Not Waiver. 

 No delay or omission of the Trustee or of any Holder of any Security to exercise any right or remedy accruing upon any Event of Default shall, to the extent permitted by applicable law, 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 any Holder of a Security may, to the extent permitted by applicable law, be
exercised from time to time, and as often as may be deemed expedient, by the Trustee or by such Holder, as the case may be. 
  

	 	Section 512	Control by Holders of Securities. 

 The Holders of a majority in aggregate principal amount of the Outstanding Securities of any series 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 Securities of such series, provided that 
 (1) such direction shall not be in conflict with any rule of law or with this Indenture or with the Securities of any series, 

(2) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, and

 (3) such direction is not unduly prejudicial to the rights of the other Holders of Securities of such series
not joining in such action. 

  
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	 	Section 513	Waiver of Past Defaults. 

The Holders of not less than a majority in aggregate principal amount of the Outstanding Securities of any series on behalf of the
Holders of all the Securities of such series may waive any past default hereunder with respect to such series and its consequences, except 
 (1) a default in the payment of the principal of, any premium or interest on, or any Additional Amounts with respect to, any Security of such series, or 

(2) a default in respect of a covenant or provision hereof which under Article Nine cannot be modified or amended without
the consent of the Holder of each Outstanding Security of such series affected. 
 Upon any such waiver, 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 514	Waiver of Usury, Stay or Extension Laws. 

 Each of the Issuer and each of the Guarantors covenants that (to the extent that it may lawfully do so) it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit
or advantage of, any stay or extension law or any usury law or any other law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Issuer or such Guarantor, as the case may be, from paying all or any portion of
the principal of or premium, if any, or interest, if any, on or Additional Amounts, if any, with respect to any Securities (in the case of Issuer) or from paying any amount due under any of its Guarantees (in the case of such Guarantor) as
contemplated herein and therein or which may affect the covenants or the performance of this Indenture or the Securities (in the case of Issuer) or this Indenture or any of its Guarantees (in the case of such Guarantor); and each of the Issuer and
each Guarantor (to the extent that it may lawfully do so) 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 or the Holders, but
will suffer and permit the execution of every such power as though no such law had been enacted. 
  

	 	Section 515	Undertaking for Costs. 

All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any
court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken or omitted to be taken by it as Trustee, the filing by any party litigant in
such suit of any undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and disbursements, against any party litigant in such suit having due regard to
the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section 515 shall not apply to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in
the aggregate more than 10% in principal amount of Outstanding Securities of any series. 

  
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 ARTICLE SIX 
 THE TRUSTEE 
  

	 	Section 601	Certain Rights of Trustee. 

 Subject to Sections 315(a) through 315(d) of the Trust Indenture Act: 
 (1) The Trustee may conclusively rely upon any document believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated
in the document, 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 Issuer, personally or by agent or attorney at the sole cost of the Issuer and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation; 

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

(3) The Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence of
any agent or attorney appointed with due care; 
 (4) The Trustee shall not be liable for any action it takes or
omits to take in good faith that it believes to be authorized or within the rights or powers conferred upon it by this Indenture; 
 (5) Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Issuer shall be sufficient if signed by an Officer of the Issuer; 

(6) None of the provisions of this Indenture shall require the Trustee to expend or risk its own funds or otherwise to
incur any liability, financial or otherwise, in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such funds or indemnity
satisfactory to it against such risk or liability is not assured to it; 
 (7) The Trustee shall not be deemed to
have notice of any Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a Default is received by the Trustee at the Corporate Trust Office of
the Trustee, and such notice references the Notes and this Indenture; 

  
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 (8) In no event shall the Trustee be responsible or liable for special,
indirect, punitive 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; 
 (9) The Trustee will 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 unless such Holders have offered to the Trustee indemnity or security satisfactory to the Trustee against the losses, liabilities and expenses that might be incurred by it in
compliance with such request or direction; 
 (10) The Trustee shall not be required to give any note, bond or
surety in respect of the trusts and powers under this Indenture; 
 (11) The Trustee shall have no duty to
monitor the Issuer’s compliance with or the breach of any representation, warranty or covenant made in this Indenture; Delivery of reports, information and documents to the Trustee described in this Indenture is for informational purposes only
and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Issuer’s compliance with any of its covenants hereunder (as
to which the Trustee is entitled to rely conclusively on Officers’ Certificates). The Trustee is under no duty to examine such reports, information or documents to ensure compliance with the provision of this Indenture or to ascertain the
correctness or otherwise of the information or the statements contained therein; and 
 (12) The rights,
privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent,
custodian and other Person employed to act hereunder. 
  

	 	Section 602	Notice of Defaults. 

 If
a Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to Holders of Securities a notice of the Default within 90 days after it occurs. Except in the case of a Default relating to the payment of principal,
premium, if any, or interest on any Security, the Trustee may withhold from the Holders notice of any continuing default if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the
interests of the Holders of the Securities. The Trustee shall not be deemed to know of any Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is such a default is received by
the Trustee at the Corporate Trust Office of the Trustee. 
  

	 	Section 603	Not Responsible for Recitals or Issuance of Securities. 

 The recitals contained herein and in the Securities, except the Trustee’s certificate of authentication, shall be taken as the statements of the Issuer 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 Securities, except that the Trustee represents that it is duly authorized to execute and
deliver this Indenture, authenticate the Securities and perform its obligations hereunder and that the statements made by it in a Statement of Eligibility on Form T-1 supplied to the Issuer are true and accurate, subject to the qualifications set
forth therein. Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Issuer of the Securities or the proceeds thereof. 

 

	 	Section 604	May Hold Securities. 

The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other Person that may be an agent of the Trustee,
the Issuer or any Guarantor, in its individual or any other capacity, may become the owner or pledgee of Securities and, subject to Sections 310(b) and 311 of the Trust Indenture Act, may otherwise deal with the Issuer and each Guarantor with the
same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar or such other Person. 
  

	 	Section 605	Money Held in Trust. 

Money held by the Trustee in trust hereunder shall, until used or applied as herein provided, be held in trust for the purposes for which
they were received, but 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 Issuer or any
Guarantor. 

  
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	 	Section 606	Compensation and Reimbursement. 

 Each of the Issuer and Guarantors, jointly and severally, agrees: 

(1) to pay to the Trustee from time to time reasonable compensation for all services rendered by the Trustee 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) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any
provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to the Trustee’s negligence or bad faith;
and 
 (3) to indemnify the Trustee and its agents for, and to hold them harmless against, any loss, liability or
reasonable expense (including, without limitation, the reasonable fees and disbursements of the Trustee’s agents, legal counsel, accountants and experts) incurred without negligence or bad faith on their part, arising out of or in connection
with the acceptance or administration of the trust or trusts hereunder, including the reasonable costs and expenses of defending themselves against any claim or liability in connection with the exercise or performance of any of their powers or
duties hereunder, except to the extent that any such loss, liability or expense was due to the Trustee’s negligence, willful misconduct or bad faith. 
 As security for the performance of the obligations of the Issuer under this Section, the Trustee shall have a Lien prior to the Securities of any series upon all property and funds held or collected by
the Trustee as such, except funds held in trust for the payment of principal of, or premium or interest on or any Additional Amounts with respect to Securities. 
 Any compensation or expense incurred by the Trustee after a default specified by Section 501 is intended to constitute an expense of administration under any then applicable bankruptcy or insolvency
law. “Trustee” for purposes of this Section 606 shall include any predecessor Trustee but the negligence or bad faith of any Trustee shall not affect the rights of any other Trustee under this Section 606. The provisions
of this Section 606 shall, to the extent permitted by applicable law, survive any termination of this Indenture (including, without limitation, termination pursuant to any Bankruptcy Laws) and the resignation or removal of the Trustee. As used
in this Section 606, “Trustee” shall also include each of the Security Registrar and Paying Agent, as applicable. 
  

	 	Section 607	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 resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. 

  
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 To the extent permitted by the Trust Indenture Act, the Trustee shall not be deemed to have
a conflicting interest by virtue of being a trustee under this Indenture with respect to Securities of more than one series. 
  

	 	Section 608	Corporate Trustee Required; Eligibility. 

 There shall at all times be a Trustee hereunder that is a corporation or national banking association organized and doing business under the laws of the United States of America or of any state thereof
that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that has a combined capital and surplus of at least $50,000,000 as set forth in its most recent
published annual report of condition. 
 This Indenture shall always have a Trustee who satisfies the requirements of Trust
Indenture Act Sections 310(a)(1), (2) and (5). The Trustee is subject to Trust Indenture Act Section 310(b). 
  

	 	Section 609	Resignation and Removal; Appointment of Successor. 

 (1) 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 pursuant
to Section 609. 
 (2) The Trustee may resign at any time with respect to the Securities of one or more
series by giving written notice thereof to the Issuer. If the instrument of acceptance by a successor Trustee required by Section 609 shall not have been delivered to the Trustee within 90 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 such series. 
 (3) The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series, delivered to
the Trustee and the Issuer. 
 (4) If at any time: 

(a) the Trustee shall fail to comply with the obligations imposed upon it under Section 310(b) of the Trust
Indenture Act with respect to Securities of any series after written request therefor by the Issuer or any Holder of a Security of such series who has been a bona fide Holder of a Security of such series for at least six months, or 

(b) the Trustee shall cease to be eligible under Section 608 and shall fail to resign after written request therefor
by the Issuer or any such Holder, or 
 (c) 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 

  
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property or affairs for the purpose of rehabilitation, conservation or liquidation, then, in any such case, (i) the Issuer, by or pursuant to a Board Resolution, may remove the Trustee with
respect to all Securities or the Securities of such series, or (ii) subject to Section 315(e) of the Trust Indenture Act, any Holder of a Security who has been a bona fide Holder of a Security of such series for at least six months may, on
behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with respect to all Securities of such series and the appointment of a successor Trustee or Trustees. 

(5) 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 Securities of one or more series, the Issuer, by or pursuant to a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those series (it being
understood that any such successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any particular series) and shall
comply with the applicable requirements of Section 609. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed
by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Issuer 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 609, become the successor Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed by the Issuer. If no successor Trustee with
respect to the Securities of any series shall have been so appointed by the Issuer or the Holders of Securities and accepted appointment in the manner required by Section 609, any Holder of a Security who has been a bona fide Holder of a
Security of such series 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 Securities of such series.

 (6) The Issuer shall give notice of each resignation and each removal of the Trustee with respect to the
Securities of any series and each appointment of a successor Trustee with respect to the Securities of any series by providing written notice of such event to the Holders of Securities of such series in the manner provided in Section 106. Each
notice shall include the name of the successor Trustee with respect to the Securities of such series and the address of its Corporate Trust Office. 
 As used in this Section 609, “Trustee” shall also include each of the Security Registrar and Paying Agent, as applicable. 

 

	 	Section 610	Acceptance of Appointment by Successor. 

 (1) Upon the appointment hereunder of any successor Trustee with respect to all Securities, such successor Trustee so appointed shall execute, acknowledge and deliver to the Issuer, the Guarantors and the
retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall 

  
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become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties hereunder of the retiring Trustee;
but, on the request of the Issuer, any Guarantor or such successor Trustee, such retiring Trustee, upon payment of its charges, shall execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the
retiring Trustee and, subject to Section 1003, shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder, subject nevertheless to its claim, if any, provided for in
Section 606. 
 (2) Upon the appointment hereunder of any successor Trustee with respect to the Securities
of one or more (but not all) series, the Issuer, the Guarantors, the retiring Trustee and such successor Trustee shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which
(1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, such successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or
those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the
rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or
change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall
constitute such Trustee’s co-trustees of the same trust, that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee and that no Trustee
shall be responsible for any notice given to, or received by, or any act or failure to act on the part of any other Trustee hereunder, and, upon the execution and delivery of such supplemental indenture, the resignation or removal of the retiring
Trustee shall become effective to the extent provided therein, such retiring Trustee shall have no further responsibility for the exercise of rights and powers or for the performance of the duties and obligations vested in the Trustee under this
Indenture with respect to the Securities of that or those series to which the appointment of such successor Trustee relates other than as hereinafter expressly set forth, 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 with respect to the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Issuer, any Guarantor or
such successor Trustee, such retiring Trustee, upon payment of its charges with respect to the Securities of that or those series to which the appointment of such successor relates and subject to Section 1003 shall duly assign, transfer and
deliver to such successor Trustee, to the extent contemplated by such supplemental indenture, the property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such
successor Trustee relates, subject to its claim, if any, provided for in Section 606. 
 (3) Upon request of
any Person appointed hereunder as a successor Trustee, the Issuer and the Guarantors 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 paragraph (1) or (2) of this Section, as the case may be. 

  
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 (4) No Person shall accept its appointment hereunder as a successor Trustee
unless at the time of such acceptance such successor Person shall be qualified and eligible under this Article. 
  

	 	Section 611	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 of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder (provided that such Corporation shall otherwise be 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 Securities shall have been authenticated but not delivered by the Trustee then in office, any such successor to such
authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities. In case any Securities shall not have been authenticated by
such predecessor Trustee, any such successor Trustee may authenticate and deliver such Securities in either its own name or that of its predecessor Trustee. 
  

	 	Section 612	Appointment of Authenticating Agent. 

 The Trustee may appoint an Authenticating Agent acceptable to the Issuer to authenticate Securities. An Authenticating Agent may authenticate Securities whenever the Trustee may do so. Each reference in
this Indenture to authentication by the Trustee includes authentication by such agent. An Authenticating Agent has the same rights as an Agent to deal with Holders or an Affiliate of the Issuer. 

ARTICLE SEVEN 
 HOLDERS LISTS AND REPORTS BY TRUSTEE, ISSUER AND GUARNATORS 
  

	 	Section 701	Issuer to Furnish Trustee Names and Addresses of Holders. 

 In accordance with Section 312(a) of the Trust Indenture Act, the Issuer shall furnish or cause to be furnished to the Trustee 

(1) semi-annually with respect to Securities of each series not later than two Business Days before each Interest Payment
Date or upon such other dates as are set forth in or pursuant to the Board Resolution or indenture supplemental hereto authorizing such series, a list, in each case in such form as the Trustee may reasonably require, of the names and addresses of
Holders as of the applicable date, and 
 (2) at such other times as the Trustee may request in writing, within
30 days after the receipt by the Issuer 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, provided, however, that so long as the Trustee is the Security Registrar no
such list shall be required to be furnished. 

  
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	 	Section 702	Preservation of Information; Communications to Holders. 

 The Trustee shall comply with the obligations imposed upon it pursuant to Section 312 of the Trust Indenture Act. 
 Every Holder of Securities, by receiving and holding the same, agrees with the Issuer, the Guarantors and the Trustee that none of the Issuer, the Guarantors, the Trustee, any Paying Agent or any Security
Registrar shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders of Securities in accordance with Section 312(c) of the Trust Indenture Act, regardless of the source from which
such information was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under Section 312(b) of the Trust Indenture Act. 

 

	 	Section 703	Reports by Trustee. 

 (1) Within 60 days after May 15 of each year commencing with the first May 15 following the first issuance of Securities pursuant to Section 301, if required by Section 313(a) of the
Trust Indenture Act, the Trustee shall transmit, pursuant to Section 313(c) of the Trust Indenture Act, a brief report dated as of such May 15 with respect to any of the events specified in said Sections 313(a) and 313(b)(2) which may have
occurred since the later of the immediately preceding May 15 and the date of this Indenture. 
 (2) The
Trustee shall transmit the reports required by Section 313(a) of the Trust Indenture Act at the times specified therein. 
 (3) Reports pursuant to this Section shall be transmitted in the manner and to the Persons required by Sections 313(c) and 313(d) of the Trust Indenture Act. 

 

	 	Section 704	Reports by Issuer and Guarantors. 

 The Issuer and each Guarantor pursuant to Section 314(a) of the Trust Indenture Act, shall: 
 (1) file with the Trustee, for distribution to a Holder of Securities upon any such Holder’s request, within 15 days after the Issuer or such Guarantor, as the case may be, is required to file the
same with the Commission, copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) which the
Issuer or such Guarantor, as the case may be, may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act; or, if the Issuer or any Guarantor is not required to file information, documents or
reports pursuant to either of said Sections, then it shall file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic information,
documents and reports which may 

  
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be required pursuant to Section 13 of the Exchange Act in respect of a security listed and registered on a national securities exchange as may be prescribed from time to time in such rules
and regulations; 
 (2) file with the Trustee, for distribution to a Holder of Securities upon any such
Holder’s request, and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such additional information, documents and reports with respect to compliance by the Issuer or such Guarantor, as the
case may be, with the conditions and covenants of this Indenture as may be required from time to time by such rules and regulations; and 
 (3) transmit within 30 days after the filing thereof with the Trustee, for distribution to a Holder of Securities upon any such Holder’s request, in the manner and to the extent provided in
Section 313(c) of the Trust Indenture Act, such summaries of any information, documents and reports required to be filed by the Issuer or such Guarantor, as the case may be, pursuant to paragraphs (1) and (2) of this Section as may be
required by rules and regulations prescribed from time to time by the Commission. 
 ARTICLE EIGHT 

CONSOLIDATION, MERGER AND SALES 
  

	 	Section 801	Issuer May Consolidate, Etc., Only on Certain Terms. 

 The Issuer shall not, in any transaction or series of related transactions, consolidate with, or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its property and
assets to, or merge with or into or wind up into, any Person unless: 
 (1) either (A) the Issuer shall be
the continuing Person (in the case of a merger) or (B) the successor Person (if other than the Issuer) formed by or resulting from the consolidation or merger, or to which such sale, assignment, transfer, lease, conveyance or other disposition
will have been made is a corporation organized or existing under the laws of the jurisdiction of organization of the applicable issuer or the laws of the United States, any state thereof, the District of Columbia, or any territory thereof (such
Person, as the case may be, being herein called the “Successor Issuer”); 
 (2) the Successor
Issuer, if other than the Issuer, shall expressly assume all the obligations of the Issuer pursuant to supplemental indentures or other documents or instruments in form reasonably satisfactory in form to the Trustee; 

(3) immediately after giving effect to the transaction described above, no Event of Default under this Indenture, and no
event which, after notice or lapse of time or both would become an Event of Default under the applicable indenture, shall have occurred and be continuing; 
 (4) each Guarantor, unless it is the other party to the transactions described above, shall have by supplemental indenture confirmed that its Guarantee shall apply to such person’s obligations under
this Indenture and Securities; and 

  
 50 

 (5) the Issuer shall have delivered to the Trustee an Officer’s
Certificate and an Opinion of Counsel, each stating that such consolidation, merger or transfer and such supplemental indentures, if any, comply with this Indenture and, if a supplemental indenture is required in connection with such transaction,
such supplement shall comply with the applicable provisions of this Indenture. 
 Immediately after giving pro forma effect to
the transaction described above, (1) the Collateral owned by the successor Person will continue to constitute Collateral under the applicable indenture and related security documents and (2) to the extent any assets of the Person which is
merged or consolidated with or into the successor Person are assets of the type which would constitute Collateral under the related security documents, the Successor Issuer will take such action as may be reasonably necessary to cause such property
and assets to be made subject to the Lien of the security documents in the manner and to the extent required by the Indenture. 
  

	 	Section 802	Successor Person Substituted for Issuer. 

 In the case of any such merger, consolidation, sale, assignment, transfer, lease, conveyance or other disposition in which the Issuer is not the continuing entity and upon execution and delivery by the
successor Person of the supplemental indenture described in Section 801, such successor Person shall succeed to, and be substituted for, the Issuer and may exercise every right and power of, the Issuer under this Indenture with the same effect
as if such successor Person had been named as the Issuer herein, and the predecessor Issuer shall be automatically released and discharged from all obligations and covenants under this Indenture, the Securities. 

ARTICLE NINE 
 SUPPLEMENTAL INDENTURES 
  

	 	Section 901	Supplemental Indentures without Consent of Holders. 

 Without the consent of any Holders of Securities, the Issuer (when authorized by or pursuant to a Board Resolution), the Guarantors (each when authorized by a Guarantor’s Board Resolution) and the
Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form reasonably satisfactory to the Trustee, for any of the following purposes: 

(1) to evidence the succession of another Person to the Issuer or a Guarantor, and the assumption by any such successor of
the covenants of the Issuer or such Guarantor, as the case may be, contained herein and in the Securities or the Guarantees of such Guarantor, as the case may be; or 

(2) to add to the covenants of the Issuer or any Guarantor for the benefit of the Holders of all or any series of
Securities (as shall be specified in such supplemental indenture or indentures) or to surrender any right or power herein conferred upon the Issuer or any Guarantor with respect to all or any series of Securities issued under this Indenture (as
shall be specified in such supplemental indenture or indentures); or 

  
 51 

 (3) to add any additional Events of Default with respect to all or any
series of Securities (as shall be specified in such supplemental indenture); or 
 (4) to change or eliminate any
of the provisions of this Indenture, provided that any such change or elimination shall become effective only when there are no Outstanding Securities of any series created prior to the execution of such supplemental indenture that is entitled to
the benefit of such provision and as to which such supplemental indenture would apply; or 
 (5) to secure or, if
applicable, to provide additional security for all or any Securities or Guarantees issued under this Indenture and all or any guarantees, if any, of all or any such Securities and to provide for any and all matters relating thereto, and to provide
for the release of any collateral as security for all or any Securities or all or any guarantees, if any, of all or any Securities in accordance with the terms of this Indenture; or 

(6) to supplement any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the
defeasance, covenant defeasance and/or satisfaction and discharge of any series of Securities pursuant to Article Four, provided that any such action shall not adversely affect the interests of any Holder of a Security of such series or any other
Security in any material respect; or 
 (7) to evidence and provide for the acceptance of appointment hereunder
by a successor Trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than
one Trustee, pursuant to the requirements of Section 609; or 
 (8) to cure any ambiguity, omission, defect
or inconsistency or to correct or supplement any provision herein which may be defective or which may be inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this Indenture;
or 
 (9) to change any place or places where the principal of and premium, if any, and interest, if any, on the
Securities s shall be payable, the Securities may be surrendered for registration or transfer, the Securities may be surrendered for exchange, and notices and demands upon the Issuer may be served; or 

(10) to comply with requirements of the Commission in order to effect or maintain the qualification of this Indenture
under the Trust Indenture Act; or 
 (11) to conform the text of this Indenture, the Guarantees or the Securities
to any provision of the “Description of the secured notes,” “Description of the unsecured notes” and “Description of the notes” sections of the prospectus supplement to the extent that such
provision in such “Description of the secured notes,” “Description of the unsecured notes” and “Description of the notes” section was intended to be a verbatim recitation of a provision of
this Indenture; or 

  
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 (12) to make any amendment to the provisions of this Indenture relating to
the transfer and legending of Securities as permitted by this Indenture, including, without limitation to facilitate the issuance and administration of the Notes; provided, however, that (i) compliance with this Indenture as so amended would
not result in Notes being transferred in violation of the Securities Act or any applicable securities law and (ii) such amendment does not materially and adversely affect the rights of Holders to transfer Securities; 

(13) to add additional Guarantees or additional Guarantors in respect of all or any Securities under this Indenture, and
to evidence the release and discharge of any Guarantor from its obligations under its Guarantee of any or all Securities and its obligations under this Indenture in respect of any or all Securities in accordance with the terms of this Indenture; or

 (14) to provide for the issuance of Securities in accordance with the limitations set forth in this Indenture.

  

	 	Section 902	Supplemental Indentures with Consent of Holders. 

 With the consent of the Holders of not less than a majority in principal amount of the Outstanding Securities of each series affected by such supplemental indenture, by Act of said Holders delivered to
the Issuer and the Trustee, the Issuer (when authorized by or pursuant to a Board Resolution), the Guarantors (each when authorized by or pursuant to a Guarantor’s Board Resolution) and the Trustee may enter into an indenture or indentures
supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of the Securities of such series or the Guarantees of such Securities or of modifying in any manner
the rights of the Holders of Securities of such series under this Indenture; provided, that no such supplemental indenture, without the consent of the Holder of each Outstanding Security affected thereby, shall 

(1) change the Stated Maturity of the principal of, or installment of interest, if any, on, Securities of any series, or
reduce the principal amount thereof or the interest thereon or any premium payable upon redemption thereof, or 

(2) change the Currency in which the principal of (and premium, if any) or interest on such Securities are denominated or
payable; 
 (3) adversely affect the right of repayment or repurchase, if any, at the option of the Holder after
such obligation arises, or reduce the amount of, or postpone the date fixed for, any payment under any sinking fund or impair the right to institute suit for the enforcement of any payment on or after the Stated Maturity thereof (or, in the case of
redemption, on or after the Redemption Date); 
 (4) reduce the percentage in principal amount of the Outstanding
Securities of any series, the consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder
and their consequences) provided for in this Indenture, or 
 (5) modify any of the provisions of this Section,
Section 513 or Section 1006; or 

  
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 (6) impair the right of any Holder to receive payment of principal of, or
interest on such Holder’s Securities on or after the due dates therefor or to institute suit for the enforcement of any payment on or with respect to such Holder’s Securities; or 

(7) except as expressly permitted by this Indenture, modify the Guarantees of any Significant Subsidiary in any manner
adverse to the Holders of the Securities. 
 A supplemental indenture which changes or eliminates any covenant or other
provision of this Indenture which shall have been included solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other
provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series. 

Anything in this Indenture to the contrary notwithstanding, if more than one series of Securities is Outstanding, the Issuer and the
Guarantors shall be entitled to enter into a supplemental indenture under this Section 902 with respect to any one or more series of Outstanding Securities without entering into a supplemental indenture with respect to any other series of
Outstanding Securities. 
 It shall not be necessary for any Act of Holders of Securities under this Section to approve the
particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 
  

	 	Section 903	Execution of Supplemental Indentures. 

 As a condition to executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trust created by this Indenture, the
Trustee shall be entitled to receive, and (subject to Sections 315(a) through 315(d) of the Trust Indenture Act) shall be fully protected in relying upon, an Officer’s Certificate and an Opinion of Counsel to the effect that the execution of
such supplemental indenture is authorized or permitted by this Indenture and that such supplemental indenture has been duly authorized, executed and delivered by, and is a valid, binding and enforceable obligation of, the Issuer and the Guarantors,
subject to customary exceptions. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

 

	 	Section 904	Effect of Supplemental Indentures. 

 Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all
purposes; and every Holder of a Security theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 
  

	 	Section 905	Reference in Securities to Supplemental Indentures. 

 Securities of any series authenticated and delivered after the execution of any supplemental indenture 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 

  
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indenture. If the Issuer shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the Issuer, to any such supplemental indenture may be
prepared and executed by the Issuer and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series. 
  

	 	Section 906	Conformity with Trust Indenture Act. 

 Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect. 

ARTICLE TEN 

COVENANTS 
  

	 	Section 1001	Payment of Principal, Premium, Interest and Additional Amounts. 

 The Issuer covenants and agrees for the benefit of the Holders of the Securities of each series that it shall pay or cause to be paid the principal of, premium, if any, and interest on the Securities on
the dates and in the manner provided in the Securities. Principal, premium, if any, and interest shall be considered paid on the date due if the Paying Agent, if other than the Issuer or a Subsidiary, holds as of noon Eastern Time on the due date
money deposited by the Issuer in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest then due. 
 The Issuer shall pay interest on overdue principal at the rate equal to the then applicable interest rate on Security to the extent lawful; it shall pay interest overdue installments of interest (without
regard to any applicable grace period) at the same rate to the extent lawful. 
  

	 	Section 1002	Maintenance of Office or Agency. 

 The Issuer shall maintain, an office or agency (which may be an office of the Trustee or an Affiliate of the Trustee, Security Registrar or co-registrar) where any series of Securities may be surrendered
for registration of transfer or for exchange and where notices and demands to or upon the Issuer in respect of the Securities and this Indenture may be served. The Issuer shall 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 Issuer 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. 
 The Issuer may also from time to time designate one or
more other offices or agencies where the Securities may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided that no such designation or rescission shall in any manner relieve the
Issuer of its obligation to maintain an office or agency for such purposes. The Issuer shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency.

 Unless otherwise provided in or pursuant to this Indenture (including, without limitation, pursuant to Section 301 with
respect to the Securities of any series), the Issuer hereby designates 

  
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the place where the Trustee shall from time to time maintain its Corporate Trust Office as the Issuer’s Office or Agency for such purpose and initially appoints the Trustee as the Security
Registrar for each series of Securities and. The Issuer may subsequently appoint a different or additional Office or Agency and, as provided in Section 305, may remove and replace from time to time the Security Registrar. 

 

	 	Section 1003	Money for Securities Payments to Be Held in Trust. 

 If the Issuer shall at any time act as its own Paying Agent with respect to any series of Securities, it shall, on or before each due date of the principal of, any premium or interest on, or any
Additional Amounts with respect to any of the Securities of such series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum in the Currency or Currencies in which the Securities of such series are payable sufficient to
pay the principal, any premium, interest and Additional Amounts, as the case may be, so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and shall promptly notify the Trustee of its action or
failure so to act. 
 Whenever the Issuer shall have one or more Paying Agents for any series of Securities, it shall, on or
prior to each due date of the principal of, or any premium or interest on or any Additional Amounts with respect to, any Securities of such series, deposit with any Paying Agent a sum (in the Currency or Currencies described in the preceding
paragraph) sufficient to pay the principal, premium, interest and Additional Amounts, as the case may be, so becoming due, such sum to be held in trust for the benefit of the Persons entitled thereto, and (unless such Paying Agent is the Trustee)
the Issuer will promptly notify the Trustee of its action or failure so to act. 
 The Issuer shall cause each Paying Agent for
any series of Securities 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, that such Paying Agent shall: 

(1) hold all sums held by it for the payment of the principal of, any premium or interest on or any Additional Amounts
with respect to Securities of such series in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as provided in or pursuant to this Indenture; 

(2) give the Trustee notice of any default by the Issuer (or any other obligor upon the Securities of such series) in the
making of any payment of principal, any premium or interest on or any Additional Amounts with respect to the Securities of such series; and 
 (3) at any time during the continuance of any such default, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent. 

The Issuer may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay,
or by Issuer Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Issuer or such Paying Agent, such sums to be held by the Trustee upon the same terms as those upon which such sums were held by the Issuer 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 sums. 

  
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 Except as otherwise provided herein or pursuant hereto, any money deposited with the Trustee
or any Paying Agent, or then held by the Issuer, in trust for the payment of the principal of, any premium or interest on or any Additional Amounts with respect to any Security of any series and remaining unclaimed for two years after such principal
or such premium or interest or Additional Amount shall have become due and payable shall be paid to the Issuer on Issuer Request (or if deposited by a Guarantor, paid to such Guarantor on Guarantor Request) or (if then held by the Issuer) shall be
discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Issuer or such Guarantor, as the case may be, for payment thereof, and all liability of the Trustee or such Paying Agent
with respect to such trust money, and all liability of the Issuer as trustee thereof, shall thereupon cease. 
  

	 	Section 1004	Additional Amounts. 

 If
any Securities of a series provide for the payment of Additional Amounts by the Issuer, the Issuer agrees to pay to the Holder of any such Security Additional Amounts as provided in or pursuant to this Indenture or such Securities; and, if the
Guarantee of the Securities of a series provides for the payment of Additional Amounts by any Guarantor of the Securities of such series, each such Guarantor agrees, severally and not jointly, to pay to the Holder of any such Security Additional
Amounts as provided in or pursuant to this Indenture or its Guarantee of such Security. Whenever in this Indenture there is mentioned, in any context, the payment of the principal of or any premium or interest on, or in respect of, any Security of
any series or Guarantee, such mention shall be deemed to include mention of the payment of Additional 
 Amounts provided by the
terms of such series established hereby or pursuant hereto to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof pursuant to such terms, and express mention of the payment of Additional Amounts (if
applicable) in any provision hereof shall not be construed as excluding Additional Amounts in those provisions hereof where such express mention is not made. 
  

	 	Section 1005	Legal Existence. 

Subject to Article Eight, the Issuer shall do or cause to be done all things necessary to preserve and keep in full force and effect its
legal existence as any type of Corporation (it being understood that nothing in this Section 1005 shall prohibit the Issuer from changing its legal form from one type of Corporation to another type of Corporation). 

 

	 	Section 1006	Waiver of Certain Covenants. 

 The Issuer may omit in any particular instance to comply with any term, provision or condition set forth in Sections 801, 802, 1002, 1003 or 1005 with respect to the Securities of any series and, if
expressly provided pursuant to Section 301 with respect to the Securities of such series, any additional covenants applicable to the Securities of such series if before the time for such compliance the Holders of at least a majority in
principal amount of the Outstanding Securities of such series, by Act of such Holders, either shall waive such compliance in such instance or generally shall have waived compliance with such term, provision or condition, but

  
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no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Issuer
and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect. 

Section 1007 Issuer Statement as to Compliance. 
 The Issuer and each Guarantor (to the extent that such Guarantor is so required under the Trust Indenture Act) shall deliver to the Trustee, within 90 days after the end of each fiscal year, an
Officer’s Certificate stating whether or not, to the best of his or her knowledge, the Issuer is in default in the performance and observance of any of the terms, provisions and conditions of this Indenture (without regard to notice
requirements or periods of grace) and if the Issuer shall be in default, specifying all such defaults and the nature and status thereof of which he or she may have knowledge. 
 ARTICLE ELEVEN 
 REDEMPTION OF SECURITIES 

 

	 	Section 1101	Applicability of Article. 

Redemption of Securities of any series at the option of the Issuer as permitted or required by the terms of such Securities shall be made
in accordance with the terms of such Securities and (except as otherwise provided herein or pursuant hereto) this Article. 
  

	 	Section 1102	Election to Redeem; Notice to Trustee. 

 The election of the Issuer to redeem any Securities shall be evidenced by or pursuant to a Board Resolution or an Officer’s Certificate or in another manner specified as contemplated by
Section 301 for such Securities. In case of any redemption at the election of the Issuer of less than all of the Securities of any series, the Issuer shall, at least 60 days prior to the Redemption Date fixed by the Issuer (unless a shorter
notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the principal amount of Securities of such series to be redeemed. 
 In the case of any redemption of Securities (A) prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture or
(B) pursuant to an election of the Issuer which is subject to a condition specified in the terms of such Securities or elsewhere in this Indenture, the Issuer shall furnish to the Trustee an Officer’s Certificate evidencing compliance with
such restriction or condition. 
  

	 	Section 1103	Selection by Trustee of Securities to be Redeemed. 

 If less than all of the Securities of any series are to be redeemed (unless all of the Securities of such series and of a special tenor are to be redeemed or unless such redemption affects only a single
Security), the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee from the Outstanding Securities of such series, not previously called for redemption, by such method as the
Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions of the 

  
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principal amount of Securities of such series; provided, however, that no such partial redemption shall reduce the portion of the principal amount of a Security of such series not redeemed to
less than the minimum denomination for a Security of such series established herein or pursuant hereto. 
 The Trustee shall
promptly notify the Issuer and the Security Registrar (if other than itself) in writing of the Securities selected for redemption and, in the case of any Securities selected for partial redemption, the principal amount thereof to be redeemed.

 For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of
Securities shall relate, in the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal of such Securities which has been or is to be redeemed. 

 

	 	Section 1104	Notice of Redemption. 

Notice of redemption shall be given in the manner provided in Section 106, not less than 30 nor more than 60 days prior to the
Redemption Date, unless a shorter period is specified in the Securities to be redeemed, to the Holders of Securities to be redeemed. Failure to give notice in the manner herein provided to the Holder of any Securities designated for redemption as a
whole or in part, or any defect in the notice to any such Holder, shall not affect the validity of the proceedings for the redemption of any other Securities or portions thereof. 

Any notice that is provided to the Holder of any Securities in the manner herein provided shall be conclusively presumed to have been
duly given, whether or not such Holder receives the notice. 
 All notices shall identify the Securities to be redeemed and
shall state: 
 (1) the Redemption Date; 

(2) the Redemption Price; 
 (3) if any Security is to be redeemed in part only, the portion of the principal amount of that Security that is to be redeemed and that, after the Redemption Date upon surrender of such Security, a new
Security or Securities in principal amount equal to the unredeemed portion of the original Security representing the same indebtedness to the extent not redeemed will be issued in the name of the Holder of the Securities upon cancellation of the
original Security; 
 (4) the name and address of the Paying Agent; 

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

(6) that, unless the Issuer defaults in making such redemption payment, interest on Securities called for redemption
ceases to accrue on and after the Redemption Date; 

  
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 (7) the paragraph or subparagraph of the Notes and/or Section of this
Indenture pursuant to which the Notes called for redemption are being redeemed; and 
 (8) that no representation
is made as to the correctness or accuracy of the CUSIP and/or ISIN number, if any, listed in such notice or printed on the Securities; and A notice of redemption published as contemplated by Section 106 need not identify particular Securities
to be redeemed. 
 Notice of redemption of Securities to be redeemed at the election of the Issuer shall be given by the Issuer
or, at the Issuer’s request, by the Trustee in the name and at the expense of the Issuer. 
  

	 	Section 1105	Deposit of Redemption Price. 

 On or prior to any Redemption Date, the Issuer shall deposit, with respect to the Securities of any series called for redemption pursuant to Section 1104, with the Trustee or with a Paying Agent (or,
if the Issuer is acting as its own Paying Agent, segregate and hold in trust as provided in Section 1003) an amount of money in the applicable Currency or, if the Redemption Price shall be payable in cash, securities and/or other property, an
amount of money in the applicable Currency, securities and/or other property, as the case may be, sufficient to pay the Redemption Price of, and (unless otherwise specified pursuant to Section 301 with respect to the Securities of such series)
any accrued interest on, all such Securities or portions thereof which are to be redeemed on that date. 
  

	 	Section 1106	Securities Payable on Redemption Date. 

 Notice of redemption having been given as aforesaid, the Securities 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 Issuer shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest. Upon surrender of any such Security for redemption in accordance with said notice, such Security
shall be paid by the Issuer at the Redemption Price, together, if applicable, with accrued interest to the Redemption Date; provided, however, that, unless otherwise specified as contemplated by Section 301, installments of interest whose
Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the relevant Record Dates according to their terms and
the provisions of Section 307; provided further that, unless otherwise specified as contemplated by Section 301, if the Redemption Date is after a Regular Record Date and on or prior to the Interest Payment Date, the accrued and unpaid
interest shall be payable to the Holder of the redeemed Securities registered on the relevant Regular Record Date. 
 If any
Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium, until paid, shall bear interest from the Redemption Date at the rate prescribed therefor in the Security or, if no rate is
prescribed therefor in the Security, at the rate of interest, if any, borne by such Security. 
  

	 	Section 1107	Securities Redeemed in Part. 

  
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 Any Security which is to be redeemed only in part shall be surrendered at a Place of Payment
therefor (with, if the Issuer or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Issuer and the Trustee duly executed by, the Holder thereof or such Holder’s attorney duly authorized
in writing), and the Issuer shall execute, and the Trustee shall authenticate and deliver to the Holder of such Security without service charge, a new Security or Securities of the same series and of like tenor, of any authorized denomination as
requested by such Holder, in principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered. 
 ARTICLE TWELVE 
 SINKING FUNDS 

 

	 	Section 1201	Applicability of Article. 

The provisions of this Article shall be applicable to any sinking fund for the retirement of Securities of a series, except as otherwise
permitted or required in or pursuant to this Indenture or any Security of such series issued pursuant to this Indenture. 
 The
minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms
of Securities of such series is herein referred to as an “optional sinking fund payment”. If provided for by the terms of Securities of any series, the cash amount of any sinking fund payment may be subject to reduction as provided
in Section 1202. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series and this Indenture. 

 

	 	Section 1202	Satisfaction of Sinking Fund Payments with Securities. 

 The Issuer (1) may deliver Outstanding Securities of a series (other than any previously called for redemption) and (2) may apply as a credit Securities of a series which have been redeemed
either at the election of the Issuer pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any
sinking fund payment with respect to any Securities of such series required to be made pursuant to the terms of such Securities as and to the extent provided for by the terms of such Securities; provided that the Securities to be so credited have
not been previously so credited. The Securities to be so credited shall be received and credited for such purpose by the Trustee at the Redemption Price, as specified in the Securities so to be redeemed, for redemption through operation of the
sinking fund and the amount of such sinking fund payment shall be reduced accordingly. 
 ARTICLE THIRTEEN 

REPAYMENT AT THE OPTION OF HOLDERS 
  

	 	Section 1301	Applicability of Article. 

Securities of any series which are repayable at the option of the Holders thereof before their Stated Maturity shall be repaid in
accordance with the terms of the Securities of such series. 

  
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The repayment of any principal amount of Securities pursuant to such option of the Holder to require repayment of Securities before their Stated Maturity, for purposes of Section 309, shall
not operate as a payment, redemption or satisfaction of the indebtedness represented by such Securities unless and until the Issuer, at its option, shall deliver or surrender the same to the Trustee with a directive that such Securities be
cancelled. Notwithstanding anything to the contrary contained in this Section 1301, in connection with any repayment of Securities, the Issuer may arrange for the purchase of any Securities by an agreement with one or more investment bankers or
other purchasers to purchase such Securities by paying to the Holders of such Securities on or before the applicable repayment date an amount not less than the repayment price payable by the Issuer on repayment of such Securities, and the obligation
of the Issuer to pay the repayment price of such Securities shall be satisfied and discharged to the extent such payment is so paid by such purchasers. 
 Unless otherwise expressly stated in this Indenture or pursuant to Section 301 with respect to the Securities of any series or unless the context otherwise requires, all references in this Indenture
to the repayment of Securities at the option of the Holders thereof (and all references of like import) shall be deemed to include a reference to the repurchase or redemption of Securities at the option of the Holders thereof. 

ARTICLE FOURTEEN 
 SECURITIES IN FOREIGN CURRENCIES 
  

	 	Section 1401	Applicability of Article. 

Whenever this Indenture provides for (i) any action by, or the determination of any of the rights of, Holders of Securities of any
series in which not all of such Securities are denominated in the same Currency or (ii) any distribution to Holders of Securities of any series in which not all of such Securities are denominated in the same Currency, in the absence of any
provision to the contrary in or pursuant to this Indenture or the Securities of such series, any amount in respect of any Security denominated in a Currency other than Dollars shall be treated for any such action, determination or distribution as
that amount of Dollars that could be obtained for such amount on such reasonable basis of exchange and as of the record date with respect to Securities of such series (if any) for such action, determination or distribution (or, if there shall be no
applicable record date, such other date reasonably proximate to the date of such distribution) as the Issuer may specify in a written notice to the Trustee. 
 ARTICLE FIFTEEN 
 GUARANTEES 

 

	 	Section 1501	Guarantees. 

 The
Securities of each series shall be guaranteed by such Guarantors, and on such terms and subject to such conditions, as shall be established pursuant to Section 301 with respect to the Securities of such series. The Persons who shall initially
be the Guarantors of the Securities of any series may, but need not, include any or all of the Initial Guarantors and may include any and all such other Persons as the Issuer may determine; provided that prior to the initial issuance of

  
 62 

 
Securities that are to be guaranteed by a Person that is not an Initial Guarantor (or, if provided by the terms of this Indenture, a successor to an Initial Guarantor), the parties hereto and
such Person shall enter into a supplemental indenture pursuant to Section 901 hereof whereby such Person shall become a Guarantor under this Indenture. 
 Anything in this Indenture, the Securities or any Guarantee to the contrary notwithstanding, the obligations of each Guarantor under its Guarantees and this Indenture shall be limited to the maximum
amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor, result in the obligations of such Guarantor under its Guarantees and this Indenture not constituting a fraudulent advance or fraudulent transfer
under any Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal, state or other law affecting the rights of creditors generally. 

No Guarantee shall be valid and obligatory for any purpose with respect to any Security until the certificate of authentication on such
Security shall have been signed by or on behalf of the Trustee. 
 ARTICLE SIXTEEN 

SECURITY 
  

	 	Section 1601	Security. 

 If so
provided pursuant to Section 301 with respect to the Securities of any series, the Securities of such series and/or the Guarantees of such Securities may be secured by such property, assets or other collateral as may be specified in or pursuant
to Section 301. Any and all terms and provisions applicable to the security for the Securities of such series and/or such Guarantees shall also be provided in or pursuant to Section 301, which may include, without limitation, provisions
for the execution and delivery of such security agreements, pledge agreements, collateral agreements and other similar or related agreements as the Issuer or any Guarantor may elect and which may provide for the Trustee to act as collateral agent or
in a similar or other capacity. The Trustee shall comply with Sections 313(a)(5) and (6) and 313(b)(1) of the Trust Indenture Act and the Issuer and, if applicable, any Guarantor that has pledged collateral to secure its Guarantee shall comply
with Sections 314(b), 314(c) and 314(d) of the Trust Indenture Act, in each case in respect of any secured Securities and/or Guarantees that may be Outstanding hereunder from time to time. 

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

  
 63 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, as of
the day and year first above written. 
  

					
	ISSUER:
	
	CHEMTURA CORPORATION
		
	By:	 	/s/ Alan Schutzman
		 	Name:	 	Alan Schutzman
		 	Title:	 	 Assistant Secretary

	
	GUARANTORS:
	
	BIO-LAB, INC.
		
	By:	 	/s/ Arthur C. Fullerton
		 	Name:	 	Arthur C. Fullerton
		 	Title:	 	Vice President and Secretary
	
	CROMPTON COLORS INCORPORATED
		
	By:	 	/s/ Billie S. Flaherty
		 	Name:	 	Billie S. Flaherty
		 	Title:	 	President
	
	GLCC LAUREL, LLC
		
	By:	 	/s/ Billie S. Flaherty
		 	Name:	 	Billie S. Flaherty
		 	Title:	 	President
	
	GREAT LAKES CHEMICAL CORPORATION
		
	By:	 	/s/ Arthur C. Fullerton
		 	Name:	 	Arthur C. Fullerton
		 	Title:	 	Vice President and Secretary
	
	HOMECARE LABS, INC.
		
	By:	 	/s/ Arthur C. Fullerton
		 	Name:	 	Arthur C. Fullerton
		 	Title:	 	Vice President

					
	
	RECREATIONAL WATER PRODUCTS, INC.
		
	By:	 	/s/ Billie S. Flaherty
		 	Name:	 	Billie S. Flaherty
		 	Title:	 	President
	
	TRUSTEE:
	
	 WELLS FARGO BANK, NATIONAL
 ASSOCIATION

		
	By:	 	/s/ Yana Kislenko
		 	Name:	 	Yana Kislenko
		 	Title:	 	Vice President

  
 65 

 SCHEDULE 1 
 Initial Guarantors 
 Bio-Lab, Inc. 

Crompton Colors Incorporated 
 GLCC Laurel, LLC

 Great Lakes Chemical Corporation 

HomeCare Labs, Inc. 
 Recreational Water
Products, Inc.

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