Document:

EX-4.1

 Exhibit 4.1 

Execution Version 
  

 
 INDENTURE 

Dated as of March 19, 2021 

between 
 Centennial Resource
Production, LLC 
 as Issuer 

and 
 UMB Bank, N.A. 

as Trustee 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I. DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	
	 Section 1.1.
	 	 Definitions
	  	 	1	
	 Section 1.2.
	 	 Other Definitions
	  	 	4	
	 Section 1.3.
	 	 Incorporation by Reference of Trust Indenture Act
	  	 	5	
	 Section 1.4.
	 	 Rules of Construction
	  	 	5	
		
	 ARTICLE II. THE SECURITIES
	  	 	5	
	 Section 2.1.
	 	 Issuable in Series
	  	 	5	
	 Section 2.2.
	 	 Establishment of Terms of Series of Securities
	  	 	6	
	 Section 2.3.
	 	 Execution and Authentication
	  	 	8	
	 Section 2.4.
	 	 Registrar and Paying Agent
	  	 	9	
	 Section 2.5.
	 	 Paying Agent to Hold Money in Trust
	  	 	10	
	 Section 2.6.
	 	 Securityholder Lists
	  	 	10	
	 Section 2.7.
	 	 Transfer and Exchange
	  	 	10	
	 Section 2.8.
	 	 Mutilated, Destroyed, Lost and Stolen Securities
	  	 	11	
	 Section 2.9.
	 	 Outstanding Securities
	  	 	11	
	 Section 2.10.
	 	 Treasury Securities
	  	 	12	
	 Section 2.11.
	 	 Temporary Securities
	  	 	12	
	 Section 2.12.
	 	 Cancellation
	  	 	12	
	 Section 2.13.
	 	 Defaulted Interest
	  	 	13	
	 Section 2.14.
	 	 Global Securities
	  	 	13	
	 Section 2.15.
	 	 CUSIP Numbers
	  	 	14	
		
	 ARTICLE III. REDEMPTION
	  	 	15	
	 Section 3.1.
	 	 Notice to Trustee
	  	 	15	
	 Section 3.2.
	 	 Selection of Securities to be Redeemed
	  	 	15	
	 Section 3.3.
	 	 Notice of Redemption
	  	 	15	
	 Section 3.4.
	 	 Effect of Notice of Redemption
	  	 	16	
	 Section 3.5.
	 	 Deposit of Redemption Price
	  	 	16	
	 Section 3.6.
	 	 Securities Redeemed in Part
	  	 	16	
		
	 ARTICLE IV. COVENANTS
	  	 	17	
	 Section 4.1.
	 	 Payment of Principal and Interest
	  	 	17	
	 Section 4.2.
	 	 SEC Reports
	  	 	17	
	 Section 4.3.
	 	 Compliance Certificate
	  	 	17	
	 Section 4.4.
	 	 Stay, Extension and Usury Laws
	  	 	17	
		
	 ARTICLE V. SUCCESSORS
	  	 	18	
	 Section 5.1.
	 	 When Company May Merge, Etc.
	  	 	18	
	 Section 5.2.
	 	 Successor Corporation Substituted
	  	 	18	

  
 i 

							
	 ARTICLE VI. DEFAULTS AND REMEDIES
	  	 	19	
	 Section 6.1.
	 	 Events of Default
	  	 	19	
	 Section 6.2.
	 	 Acceleration of Maturity; Rescission and Annulment
	  	 	20	
	 Section 6.3.
	 	 Collection of Indebtedness and Suits for Enforcement by Trustee
	  	 	21	
	 Section 6.4.
	 	 Trustee May File Proofs of Claim
	  	 	21	
	 Section 6.5.
	 	 Trustee May Enforce Claims Without Possession of Securities
	  	 	22	
	 Section 6.6.
	 	 Application of Money Collected
	  	 	22	
	 Section 6.7.
	 	 Limitation on Suits
	  	 	23	
	 Section 6.8.
	 	 Unconditional Right of Holders to Receive Principal and Interest
	  	 	23	
	 Section 6.9.
	 	 Restoration of Rights and Remedies
	  	 	23	
	 Section 6.10.
	 	 Rights and Remedies Cumulative
	  	 	24	
	 Section 6.11.
	 	 Delay or Omission Not Waiver
	  	 	24	
	 Section 6.12.
	 	 Control by Holders
	  	 	24	
	 Section 6.13.
	 	 Waiver of Past Defaults
	  	 	25	
	 Section 6.14.
	 	 Undertaking for Costs
	  	 	25	
		
	 ARTICLE VII. TRUSTEE
	  	 	25	
	 Section 7.1.
	 	 Duties of Trustee
	  	 	25	
	 Section 7.2.
	 	 Rights of Trustee
	  	 	27	
	 Section 7.3.
	 	 Individual Rights of Trustee
	  	 	28	
	 Section 7.4.
	 	 Trustee’s Disclaimer
	  	 	28	
	 Section 7.5.
	 	 Notice of Defaults
	  	 	28	
	 Section 7.6.
	 	 Reports by Trustee to Holders
	  	 	28	
	 Section 7.7.
	 	 Compensation and Indemnity
	  	 	28	
	 Section 7.8.
	 	 Replacement of Trustee
	  	 	29	
	 Section 7.9.
	 	 Successor Trustee by Merger, Etc.
	  	 	30	
	 Section 7.10.
	 	 Eligibility; Disqualification
	  	 	30	
	 Section 7.11.
	 	 Preferential Collection of Claims Against Company
	  	 	30	
		
	 ARTICLE VIII. SATISFACTION AND DISCHARGE; DEFEASANCE
	  	 	31	
	 Section 8.1.
	 	 Satisfaction and Discharge of Indenture
	  	 	31	
	 Section 8.2.
	 	 Application of Trust Funds; Indemnification
	  	 	32	
	 Section 8.3.
	 	 Legal Defeasance of Securities of any Series
	  	 	32	
	 Section 8.4.
	 	 Covenant Defeasance
	  	 	34	
	 Section 8.5.
	 	 Repayment to Company
	  	 	35	
	 Section 8.6.
	 	 Reinstatement
	  	 	35	
		
	 ARTICLE IX. AMENDMENTS AND WAIVERS
	  	 	35	
	 Section 9.1.
	 	 Without Consent of Holders
	  	 	35	
	 Section 9.2.
	 	 With Consent of Holders
	  	 	36	
	 Section 9.3.
	 	 Limitations
	  	 	37	
	 Section 9.4.
	 	 Compliance with Trust Indenture Act
	  	 	37	
	 Section 9.5.
	 	 Revocation and Effect of Consents
	  	 	37	
	 Section 9.6.
	 	 Notation on or Exchange of Securities
	  	 	38	
	 Section 9.7.
	 	 Trustee Protected
	  	 	38	
		
	 ARTICLE X. MISCELLANEOUS
	  	 	38	
	 Section 10.1.
	 	 Trust Indenture Act Controls
	  	 	38	
	 Section 10.2.
	 	 Notices
	  	 	38	

  
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	 Section 10.3.
	 	 Communication by Holders with Other Holders
	  	 	40	
	 Section 10.4.
	 	 Certificate and Opinion as to Conditions Precedent
	  	 	40	
	 Section 10.5.
	 	 Statements Required in Certificate or Opinion
	  	 	41	
	 Section 10.6.
	 	 Rules by Trustee and Agents
	  	 	41	
	 Section 10.7.
	 	 Legal Holidays
	  	 	41	
	 Section 10.8.
	 	 No Recourse Against Others
	  	 	41	
	 Section 10.9.
	 	 Counterparts
	  	 	41	
	 Section 10.10.
	 	 Governing Law; Waiver of Jury Trial; Consent to Jurisdiction
	  	 	42	
	 Section 10.11.
	 	 No Adverse Interpretation of Other Agreements
	  	 	43	
	 Section 10.12.
	 	 Successors
	  	 	43	
	 Section 10.13.
	 	 Severability
	  	 	43	
	 Section 10.14.
	 	 Table of Contents, Headings, Etc.
	  	 	43	
	 Section 10.15.
	 	 Securities in a Foreign Currency
	  	 	43	
	 Section 10.16.
	 	 Judgment Currency
	  	 	44	
	 Section 10.17.
	 	 Force Majeure
	  	 	44	
	 Section 10.18.
	 	 U.S.A. Patriot Act
	  	 	44	
		
	 ARTICLE XI. SINKING FUNDS
	  	 	45	
	 Section 11.1.
	 	 Applicability of Article
	  	 	45	
	 Section 11.2.
	 	 Satisfaction of Sinking Fund Payments with Securities
	  	 	45	
	 Section 11.3.
	 	 Redemption of Securities for Sinking Fund
	  	 	46	

  
 iii 

 CENTENNIAL RESOURCE PRODUCTION, LLC 

Reconciliation and tie between Trust Indenture Act of 1939 and 

Indenture, dated as of March 19, 2021 
  

							
	 	§  310(a)(1)	 	 		  	7.10
	 	(a)(2)	 	 		  	7.10
	 	(a)(3)	 	 		  	Not Applicable
	 	(a)(4)	 	 		  	Not Applicable
	 	(a)(5)	 	 		  	7.10
	 	(b)	 	 		  	7.10
	 	§ 311(a)	 	 		  	7.11
	 	(b)	 	 		  	7.11
	 	(c)	 	 		  	Not Applicable
	 	§ 312(a)	 	 		  	2.6
	 	(b)	 	 		  	10.3
	 	(c)	 	 		  	10.3
	 	§ 313(a)	 	 		  	7.6
	 	(b)(1)	 	 		  	7.6
	 	(b)(2)	 	 		  	7.6
	 	(c)(1)	 	 		  	7.6
	 	(d)	 	 		  	7.6
	 	§ 314(a)	 	 		  	4.2, 10.5
	 	(b)	 	 		  	Not Applicable
	 	(c)(1)	 	 		  	10.4
	 	(c)(2)	 	 		  	10.4
	 	(c)(3)	 	 		  	Not Applicable
	 	(d)	 	 		  	Not Applicable
	 	(e)	 	 		  	10.5
	 	(f)	 	 		  	Not Applicable
	 	§ 315(a)	 	 		  	7.1
	 	(b)	 	 		  	7.5
	 	(c)	 	 		  	7.1
	 	(d)	 	 		  	7.1
	 	(e)	 	 		  	6.14
	 	§ 316(a)	 	 		  	2.10
	 	(a)(1)(A)	 	 		  	6.12
	 	(a)(1)(B)	 	 		  	6.13
	 	(b)	 	 		  	6.8
	 	§ 317(a)(1)	 	 		  	6.3
	 	(a)(2)	 	 		  	6.4
	 	(b)	 	 		  	2.5
	 	§ 318(a)	 	 		  	10.1

  
 Note: This
reconciliation and tie shall not, for any purpose, be deemed to be part of the Indenture. 

  
 iv 

 Indenture, dated as of March 19, 2021 between Centennial Resource Production, LLC
(“Company”), and UMB Bank, N.A. (“Trustee”). 
 Each party agrees as follows for the benefit of the other
party and for the equal and ratable benefit of the Holders of the Securities issued under this Indenture. 
 ARTICLE I. 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.1.     Definitions. 

“Additional Amounts” means any additional amounts which are required hereby or by any Security, under circumstances specified
herein or therein, to be paid by the Company in respect of certain taxes imposed on Holders specified herein or therein and which are owing to such Holders. 

“Affiliate” of any specified person means any other person directly or indirectly controlling or controlled by or under
common control with such specified person.    For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and “under common control with”), as used
with respect to any person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such person, whether through the ownership of voting securities or by agreement or
otherwise. 
 “Agent” means any Registrar, Paying Agent or Notice Agent. 

“Board of Directors” means, with respect to a corporation, the board of directors of the corporation or any committee thereof
duly authorized to act on behalf of such board; with respect to a partnership, the board of directors of the general partner of the partnership; with respect to a limited liability company, the managing member or members or any controlling committee
of managing members thereof; and with respect to any other person, the board or committee of such person serving a similar function. 

“Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have
been adopted by the Board of Directors or pursuant to authorization by the Board of Directors and to be in full force and effect on the date of the certificate and delivered to the Trustee. 

“Business Day” means any day except a Saturday, Sunday or a legal holiday in The City of New York, New York (or in connection
with any payment, the place of payment) on which banking institutions are authorized or required by law, regulation or executive order to close. 

“Capital Stock” means any and all shares, interests, participations, rights or other equivalents (however designated) of
corporate stock. 
 “Company” means the party named as such above until a successor replaces it and thereafter means the
successor. 

 “Company Order” means a written order signed in the name of the Company by
an Officer. 
 “Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust
business related to this Indenture shall be principally administered. 
 “Default” means any event which is, or after
notice or passage of time or both would be, an Event of Default. 
 “Depositary” means, with respect to the Securities of
any Series issuable or issued in whole or in part in the form of one or more Global Securities, the person designated as Depositary for such Series by the Company, which Depositary shall be a clearing agency registered under the Exchange Act; and if
at any time there is more than one such person, “Depositary” as used with respect to the Securities of any Series shall mean the Depositary with respect to the Securities of such Series. 

“Discount Security” means any Security that provides for an amount less than the stated principal amount thereof to be due
and payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2. 
 “Dollars” and
“$” means the currency of The United States of America. 
 “Exchange Act” means the Securities Exchange
Act of 1934, as amended. 
 “Foreign Currency” means any currency or currency unit issued by a government other than the
government of The United States of America. 
 “Foreign Government Obligations” means, with respect to Securities of any
Series that are denominated in a Foreign Currency, direct obligations of, or obligations guaranteed by, the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged and
which are not callable or redeemable at the option of the issuer thereof. 
 “GAAP” means accounting principles generally
accepted in the United States of America set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting
Standards Board or in such other statements by such other entity as have been approved by a significant segment of the accounting profession, which are in effect as of the date of determination. 

“Global Security” or “Global Securities” means a Security or Securities, as the case may be, in the form
established pursuant to Section 2.2 evidencing all or part of a Series of Securities, issued to the Depositary for such Series or its nominee, and registered in the name of such Depositary or nominee. 

“Holder” or “Securityholder” means a person in whose name a Security is registered. 

  
 2 

 “Indenture” means this Indenture as amended or supplemented from time to
time and shall include the form and terms of particular Series of Securities established as contemplated hereunder. 

“interest” with respect to any Discount Security which by its terms bears interest only after Maturity, means interest
payable after Maturity. 
 “Maturity,” when used with respect to any Security, means the date on which the principal of
such Security becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise. 

“Officer” means the Chairman of the Board, the Chief Executive Officer, the President, the Chief Financial Officer, the Chief
Accounting Officer, any Executive Vice President, Senior Vice President or Vice President, the Treasurer or the Secretary of the Company. 

“Officer’s Certificate” means a certificate signed by any Officer or, in the event that the Company is a partnership or
a limited liability company that has no such officers, a person duly authorized under applicable law by the general partner, managers, members or a similar body to act on behalf of the Company. 

“Opinion of Counsel” means a written opinion of legal counsel who is acceptable to the Trustee. The counsel may be an
employee of or counsel to the Company. The opinion may contain customary limitations, conditions and exceptions. 

“person” means any individual, corporation, partnership, joint venture, association, limited liability company, joint-stock
company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “principal” of
a Security means the principal of the Security plus, when appropriate, the premium, if any, on, and any Additional Amounts in respect of, the Security. 

“Responsible Officer” means any officer of the Trustee in its Corporate Trust Office having responsibility for administration
of this Indenture and also means, with respect to a particular corporate trust matter, any other officer to whom any corporate trust matter is referred because of his or her knowledge of and familiarity with a particular subject. 

“SEC” means the Securities and Exchange Commission. 

“Securities” means the debentures, notes or other debt instruments of the Company of any Series authenticated and delivered
under this Indenture. 
 “Series” or “Series of Securities” means each series of debentures, notes or
other debt instruments of the Company created pursuant to Sections 2.1 and 2.2 hereof. 
 “Stated Maturity” when used with
respect to any Security, means the date specified in such Security as the fixed date on which the principal of such Security or interest is due and payable. 

  
 3 

 “Subsidiary” of any specified person means any corporation, association or
other business 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 owned
or controlled, directly or indirectly, by such person or one or more of the other Subsidiaries of that person or a combination thereof. 

“TIA” means the Trust Indenture Act of 1939 (15 U.S. Code §§ 77aaa-77bbbb) as in effect on the date of this
Indenture; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “TIA” means, to the extent required by any such amendment, the Trust Indenture Act as so amended. 

“Trustee” means the person named as the “Trustee” in the first paragraph of this instrument until a successor
Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each person who is then a Trustee hereunder, and if at any time there is more than one such person,
“Trustee” as used with respect to the Securities of any Series shall mean the Trustee with respect to Securities of that Series. 

“U.S. Government Obligations” means securities which are direct obligations of, or guaranteed by, The United States of
America for the payment of which its full faith and credit is pledged and which are not callable or redeemable at the option of the issuer thereof, and shall also include a depositary receipt issued by a bank or trust company as custodian with
respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as
required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation evidenced by such
depositary receipt. 
 Section 1.2.     Other Definitions. 

 

			
	 TERM
	  	DEFINED IN
SECTION
	 “Bankruptcy Law”
	  	6.1
	 “Custodian”
	  	6.1
	 “Event of Default”
	  	6.1
	 “Judgment Currency”
	  	10.16
	 “Legal Holiday”
	  	10.7
	 “mandatory sinking fund payment”
	  	11.1
	 “New York Banking Day”
	  	10.16
	 “Notice Agent”
	  	2.4
	 “optional sinking fund payment”
	  	11.1
	 “Paying Agent”
	  	2.4
	 “Registrar”
	  	2.4
	 “Required Currency”
	  	10.16
	 “Specified Courts”
	  	10.10
	 “successor person”
	  	5.1

  
 4 

 Section 1.3.     Incorporation by Reference of Trust
Indenture Act. 
 Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part
of this Indenture. The following TIA terms used in this Indenture have the following meanings: 
 “Commission” means the
SEC. 
 “indenture securities” means the Securities. 

“indenture security holder” means a Securityholder. 

“indenture to be qualified” means this Indenture. 

“indenture trustee” or “institutional trustee” means the Trustee. 

“obligor” on the indenture securities means the Company and any successor obligor upon the Securities. 

All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under
the TIA and not otherwise defined herein are used herein as so defined. 
 Section 1.4.     Rules of
Construction. 
 Unless the context otherwise requires: 

(a)    a term has the meaning assigned to it; 

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

 (c)    “or” is not exclusive; 

(d)    “including” means including without limitation; 

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

(f)    provisions apply to successive events and transactions. 

ARTICLE II. 
 THE SECURITIES 

Section 2.1.     Issuable in Series. 

The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may be
issued in one or more Series. All Securities of a Series shall be identical except as may be set forth or determined in the manner 

  
 5 

 
provided in a Board Resolution, a supplemental indenture or an Officer’s Certificate detailing the adoption of the terms thereof pursuant to authority granted under a Board Resolution. In
the case of Securities of a Series to be issued from time to time, the Board Resolution, Officer’s Certificate or supplemental indenture detailing the adoption of the terms thereof pursuant to authority granted under a Board Resolution may
provide for the method by which specified terms (such as interest rate, maturity date, record date or date from which interest shall accrue) are to be determined. Securities may differ between Series in respect of any matters, provided that all
Series of Securities shall be equally and ratably entitled to the benefits of the Indenture. 

Section 2.2.     Establishment of Terms of Series of Securities. 

At or prior to the issuance of any Securities within a Series, the following shall be established (as to the Series generally, in the case of
Subsection 2.2.1 and either as to such Securities within the Series or as to the Series generally in the case of Subsections 2.2.2 through 2.2.23) by or pursuant to a Board Resolution, and set forth or determined in the manner provided in a Board
Resolution, supplemental indenture hereto or Officer’s Certificate: 
 2.2.1.    the title (which shall distinguish
the Securities of that particular Series from the Securities of any other Series) and ranking (including the terms of any subordination provisions) of the Series; 

2.2.2.    the price or prices (expressed as a percentage of the principal amount thereof) at which the Securities of the
Series will be issued; 
 2.2.3.    any limit upon the aggregate principal amount of the Securities of the 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 the Series pursuant to Section 2.7, 2.8, 2.11,
3.6 or 9.6); 
 2.2.4.    the date or dates on which the principal of the Securities of the Series is payable; 

2.2.5.    the rate or rates (which may be fixed or variable) per annum or, if applicable, the method used to determine
such rate or rates (including any commodity, commodity index, stock exchange index or financial index) at which the Securities of the Series shall bear interest, if any, the date or dates from which such interest, if any, shall accrue, the date or
dates on which such interest, if any, shall commence and be payable and any regular record date for the interest payable on any interest payment date; 

2.2.6.    the place or places where the principal of and interest, if any, on the Securities of the Series shall be
payable, where the Securities of such Series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be delivered, and the
method of such payment, if by wire transfer, mail or other means; 
 2.2.7.    if applicable, the period or periods
within which, the price or prices at which and the terms and conditions upon which the Securities of the Series may be redeemed, in whole or in part, at the option of the Company; 

  
 6 

 2.2.8.    the obligation, if any, of the Company to redeem or purchase
the Securities of the Series pursuant to any sinking fund or analogous provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the
Series shall be redeemed or purchased, in whole or in part, pursuant to such obligation; 
 2.2.9.    the dates, if any,
on which and the price or prices at which the Securities of the Series will be repurchased by the Company at the option of the Holders thereof and other detailed terms and provisions of such repurchase obligations; 

2.2.10.    if other than denominations of $1,000 and any integral multiple thereof, the denominations in which the
Securities of the Series shall be issuable; 
 2.2.11.    the forms of the Securities of the Series and whether the
Securities will be issuable as Global Securities; 
 2.2.12.    if other than the principal amount thereof, the portion
of the principal amount of the Securities of the Series that shall be payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2; 

2.2.13.    the currency of denomination of the Securities of the Series, which may be Dollars or any Foreign Currency, and
if such currency of denomination is a composite currency, the agency or organization, if any, responsible for overseeing such composite currency; 

2.2.14.    the designation of the currency, currencies or currency units in which payment of the principal of and
interest, if any, on the Securities of the Series will be made; 
 2.2.15.    if payments of principal of or interest,
if any, on the Securities of the Series are to be made in one or more currencies or currency units other than that or those in which such Securities are denominated, the manner in which the exchange rate with respect to such payments will be
determined; 
 2.2.16.    the manner in which the amounts of payment of principal of or interest, if any, on the
Securities of the Series will be determined, if such amounts may be determined by reference to an index based on a currency or currencies or by reference to a commodity, commodity index, stock exchange index or financial index; 

2.2.17.    the provisions, if any, relating to any security provided for the Securities of the Series; 

2.2.18.    any addition to, deletion of or change in the Events of Default which applies to any Securities of the Series
and any change in the right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 6.2; 

2.2.19.    any addition to, deletion of or change in the covenants set forth in Articles IV or V which applies to
Securities of the Series; 

  
 7 

 2.2.20.    any Depositaries, interest rate calculation agents, exchange
rate calculation agents or other agents with respect to Securities of such Series if other than those appointed herein; 

2.2.21.    the provisions, if any, relating to conversion or exchange of any Securities of such Series, including if
applicable, the conversion or exchange price, the conversion or exchange period, provisions as to whether conversion or exchange will be mandatory, at the option of the Holders thereof or at the option of the Company, the events requiring an
adjustment of the conversion price or exchange price and provisions affecting conversion or exchange if such Series of Securities are redeemed; 

2.2.22.    any other terms of the Series (which may supplement, modify or delete any provision of this Indenture insofar
as it applies to such Series), including any terms that may be required under applicable law or regulations or advisable in connection with the marketing of Securities of that Series; and 

2.2.23.    whether any of the Company’s direct or indirect Subsidiaries will guarantee the Securities of that Series,
including the terms of subordination, if any, of such guarantees. 
 All Securities of any one Series need not be issued at the same time
and may be issued from time to time, consistent with the terms of this Indenture, if so provided by or pursuant to the Board Resolution, supplemental indenture hereto or Officer’s Certificate referred to above. 

Section 2.3.     Execution and Authentication. 

An Officer shall sign the Securities for the Company by manual, facsimile or electronic signature. 

If an Officer whose signature is on a Security no longer holds that office at the time the Security is authenticated, the Security shall
nevertheless be valid. 
 A Security shall not be valid until authenticated by the manual signature of the Trustee or an authenticating
agent. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. 
 The Trustee shall at any
time, and from time to time, authenticate Securities for original issue in the principal amount provided in the Board Resolution, supplemental indenture hereto or Officer’s Certificate, upon receipt by the Trustee of a Company Order. Each
Security shall be dated the date of its authentication. 
 The aggregate principal amount of Securities of any Series outstanding at any
time may not exceed any limit upon the maximum principal amount for such Series set forth in the Board Resolution, supplemental indenture hereto or Officer’s Certificate delivered pursuant to Section 2.2, except as provided in
Section 2.8. 
 Prior to the issuance of Securities of any Series, the Trustee shall have received and (subject to Section 7.2)
shall be fully protected in relying on: (a) the Board Resolution, 

  
 8 

 
supplemental indenture hereto or Officer’s Certificate establishing the form of the Securities of that Series or of Securities within that Series and the terms of the Securities of that
Series or of Securities within that Series, (b) an Officer’s Certificate complying with Section 10.4, and (c) an Opinion of Counsel complying with Section 10.4. 

The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series: (a) if the Trustee, being advised
by counsel, determines that such action may not be taken lawfully; or (b) if the Trustee in good faith by its board of directors or trustees, executive committee or a trust committee of directors and/or vice-presidents or a committee of
Responsible Officers shall determine that such action would expose the Trustee to personal liability to Holders of any then outstanding Series of Securities. 

The Trustee may appoint an authenticating agent acceptable to the Company 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 the Company or an Affiliate of
the Company. 
 Section 2.4.     Registrar and Paying Agent. 

The Company shall maintain, with respect to each Series of Securities, at the place or places specified with respect to such Series pursuant to
Section 2.2, an office or agency where Securities of such Series may be presented or surrendered for payment (“Paying Agent”), where Securities of such Series may be surrendered for registration of transfer or exchange
(“Registrar”) and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be delivered (“Notice Agent”). The Registrar shall keep a register with respect
to each Series of Securities and to their transfer and exchange. The Company will give prompt written notice to the Trustee of the name and address, and any change in the name or address, of each Registrar, Paying Agent or Notice Agent. If at any
time the Company shall fail to maintain any such required Registrar, Paying Agent or Notice Agent or shall fail to furnish the Trustee with the name and address thereof, such presentations, surrenders, notices and demands may be made or served at
the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands; provided, however, that any appointment of the Trustee as the
Notice Agent shall exclude the appointment of the Trustee or any office of the Trustee as an agent to receive the service of legal process on the Company. 

The Company may also from time to time designate one or more co-registrars, additional paying agents
or additional notice agents and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligations to maintain a Registrar, Paying Agent
and Notice Agent in each place so specified pursuant to Section 2.2 for Securities of any Series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the name
or address of any such co-registrar, additional paying agent or additional notice agent. The term “Registrar” includes any co-registrar; the term
“Paying Agent” includes any additional paying agent; and the term “Notice Agent” includes any additional notice agent. The Company or any of its Affiliates may serve as Registrar or Paying Agent. 

  
 9 

 The Company hereby appoints the Trustee the initial Registrar, Paying Agent and Notice Agent
for each Series unless another Registrar, Paying Agent or Notice Agent, as the case may be, is appointed prior to the time Securities of that Series are first issued. 

Section 2.5.     Paying Agent to Hold Money in Trust. 

The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust, for the
benefit of Securityholders of any Series of Securities, or the Trustee, all money held by the Paying Agent for the payment of principal of or interest on the Series of Securities, and will notify the Trustee in writing of any default by the Company
in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon
payment over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate and hold
in a separate trust fund for the benefit of Securityholders of any Series of Securities all money held by it as Paying Agent. Upon any bankruptcy, reorganization or similar proceeding with respect to the Company, the Trustee shall serve as Paying
Agent for the Securities. 
 Section 2.6.     Securityholder Lists. 

The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of
Securityholders of each Series of Securities and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least ten days before each interest payment date and at such other times
as the Trustee may request in writing a list, in such form and as of such date as the Trustee may reasonably require, of the names and addresses of Securityholders of each Series of Securities. 

Section 2.7.     Transfer and Exchange. 

Where Securities of a Series are presented to the Registrar or a co-registrar with a request to
register a transfer or to exchange them for an equal principal amount of Securities of the same Series, the Registrar shall register the transfer or make the exchange if its requirements for such transactions are met. To permit registrations of
transfers and exchanges, the Trustee shall authenticate Securities at the Registrar’s request. No service charge shall be made for any registration of transfer or exchange (except as otherwise expressly permitted herein), but the Company may
require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer tax or similar governmental charge payable upon exchanges pursuant to Sections 2.11, 3.6 or
9.6). 
 Neither the Company nor the Registrar shall be required (a) to issue, register the transfer of, or exchange Securities of any
Series for the period beginning at the opening of business fifteen days immediately preceding the sending of a notice of redemption of Securities of that Series selected for redemption and ending at the close of business on the day such notice is
sent, or (b) to register the transfer of or exchange Securities of any Series selected, called or being called for redemption as a whole or the portion being redeemed of any such Securities selected, called or being called for redemption in
part. 

  
 10 

 Section 2.8.     Mutilated, Destroyed, Lost and Stolen
Securities. 
 If any mutilated Security is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and
deliver in exchange therefor a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 

If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any
Security and (ii) such security or indemnity bond as may be required by each of them to hold itself and any of its agents harmless, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide
purchaser, the Company shall execute and upon receipt of a Company Order the Trustee shall authenticate and make available for delivery, in lieu of any such destroyed, lost or stolen Security, a new Security of the same Series and of like tenor and
principal amount and bearing a number not contemporaneously outstanding. 
 In case any such mutilated, destroyed, lost or stolen Security
has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 

Upon the issuance of any new Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

Every new Security of any Series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an
original additional contractual obligation of the Company, 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 that Series duly issued hereunder. 
 The provisions of this Section are exclusive and shall preclude (to
the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 

Section 2.9.     Outstanding Securities. 

The Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those delivered to
it for cancellation, those reductions in the interest on a Global Security effected by the Trustee in accordance with the provisions hereof and those described in this Section as not outstanding. 

If a Security is replaced pursuant to Section 2.8, it ceases to be outstanding until the Trustee receives proof satisfactory to it that
the replaced Security is held by a bona fide purchaser. 
 If the Paying Agent (other than the Company, a Subsidiary of the Company or an
Affiliate of the Company) holds on the Maturity of Securities of a Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the Series cease to be outstanding and interest on them ceases to
accrue. 

  
 11 

 The Company may purchase or otherwise acquire the Securities, whether by open market
purchases, negotiated transactions or otherwise. A Security does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security (but see Section 2.10 below). 

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, the principal amount of a Discount Security that shall be deemed to be outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such
determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 6.2. 

Section 2.10.     Treasury Securities. 

In determining whether the Holders of the required principal amount of Securities of a Series have concurred in any request, demand,
authorization, direction, notice, consent or waiver, Securities of a Series owned by the Company or any Affiliate of the Company shall be disregarded, except that for the purposes of determining whether the Trustee shall be protected in relying on
any such request, demand, authorization, direction, notice, consent or waiver only Securities of a Series that a Responsible Officer of the Trustee knows are so owned shall be so disregarded. 

Section 2.11.     Temporary Securities. 

Until definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities upon a
Company Order. Temporary Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and the
Trustee upon receipt of a Company Order shall authenticate definitive Securities of the same Series and date of maturity in exchange for temporary Securities. Until so exchanged, temporary securities shall have the same rights under this Indenture
as the definitive Securities. 
 Section 2.12.     Cancellation. 

The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee
any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee shall cancel all Securities surrendered for transfer, exchange, payment, replacement or cancellation and shall destroy such canceled Securities
(subject to the record retention requirements of the Exchange Act and the Trustee) and deliver a certificate of such cancellation to the Company upon written request of the Company. The Company may not issue new Securities to replace Securities that
it has paid or delivered to the Trustee for cancellation. 

  
 12 

 Section 2.13.     Defaulted Interest. 

If the Company defaults in a payment of interest on a Series of Securities, it shall pay the defaulted interest, plus, to the extent permitted
by law, any interest payable on the defaulted interest, to the persons who are Securityholders of the Series on a subsequent special record date. The Company shall fix the record date and payment date. At least 10 days before the special record
date, the Company shall send to the Trustee and to each Securityholder of the Series a notice that states the special record date, the payment date and the amount of interest to be paid. The Company may pay defaulted interest in any other lawful
manner as specified in an Officer’s Certificate. 
 Section 2.14.     Global Securities. 

2.14.1.    Terms of Securities. A Board Resolution, a supplemental indenture hereto or an Officer’s Certificate
shall establish whether the Securities of a Series shall be issued in whole or in part in the form of one or more Global Securities and the Depositary for such Global Security or Securities. 

2.14.2.    Transfer and Exchange. Notwithstanding any provisions to the contrary contained in Section 2.7 of
the Indenture and in addition thereto, any Global Security shall be exchangeable pursuant to Section 2.7 of the Indenture for Securities registered in the names of Holders other than the Depositary for such Security or its nominee only if
(i) such Depositary notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security or if at any time such Depositary ceases to be a clearing agency registered under the Exchange Act, and, in either case,
the Company fails to appoint a successor Depositary registered as a clearing agency under the Exchange Act within 90 days of such event or (ii) the Company executes and delivers to the Trustee an Officer’s Certificate to the effect that
such Global Security shall be so exchangeable. Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Securities registered in such names as the Depositary shall direct in writing in an aggregate
principal amount equal to the principal amount of the Global Security with like tenor and terms. 
 Except as provided in this
Section 2.14.2, a Global Security may not be transferred except as a whole by the Depositary with respect to such Global Security to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or another nominee of such
Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such a successor Depositary. 

2.14.3.    Legends. Any Global Security issued hereunder shall bear a legend in substantially the following form:

 “THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE
DEPOSITARY OR A NOMINEE OF THE DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE
TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, BY A NOMINEE 

  
 13 

 
OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITARY.” 

In addition, so long as the Depository Trust Company (“DTC”) is the Depositary, each Global Note registered in the name of DTC or
its nominee shall bear a legend in substantially the following form: 
 “UNLESS THIS GLOBAL NOTE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY GLOBAL NOTE 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.” 

2.14.4.    Acts of Holders. The Depositary, as a Holder, may appoint agents and otherwise authorize participants to
give or take any request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under the Indenture. 

2.14.5.    Payments. Notwithstanding the other provisions of this Indenture, unless otherwise specified as
contemplated by Section 2.2, payment of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof. 

2.14.6.    Consents, Declaration and Directions. The Company, the Trustee and any Agent shall treat a person as the
Holder of such principal amount of outstanding Securities of such Series represented by a Global Security as shall be specified in a written statement of the Depositary or by the applicable procedures of such Depositary with respect to such Global
Security, for purposes of obtaining any consents, declarations, waivers or directions required to be given by the Holders pursuant to this Indenture. 

Section 2.15.     CUSIP Numbers. 

The Company in issuing the Securities may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use
“CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Securities or as contained
in any notice of a redemption and that reliance may be placed only on the other elements of identification printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. 

  
 14 

 ARTICLE III. 

REDEMPTION 

Section 3.1.     Notice to Trustee. 

The Company may, with respect to any Series of Securities, reserve the right to redeem and pay the Series of Securities or may covenant to
redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on such terms as provided for in such Securities. If a Series of Securities is redeemable and the Company wants or is obligated to
redeem prior to the Stated Maturity thereof all or part of the Series of Securities pursuant to the terms of such Securities, it shall notify the Trustee in writing of the redemption date and the principal amount of Series of Securities to be
redeemed. The Company shall give the notice at least 15 days before the redemption date, unless a shorter period is satisfactory to the Trustee. 

Section 3.2.     Selection of Securities to be Redeemed. 

Unless otherwise indicated for a particular Series by a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, if
less than all the Securities of a Series are to be redeemed, the Securities of the Series to be redeemed will be selected as follows: (a) if the Securities are in the form of Global Securities, in accordance with the procedures of the
Depositary, (b) if the Securities are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange, if any, on which the Securities are listed, or (c) if, not otherwise
provided for under clause (a) or (b), in the manner that the Trustee deems fair and appropriate, including by lot or other method, unless otherwise required by law or applicable stock exchange requirements, subject, in the case of Global
Securities, to the applicable rules and procedures of the Depositary. The Securities to be redeemed shall be selected from Securities of the Series outstanding not previously called for redemption. Portions of the principal of Securities of the
Series that have denominations larger than $1,000 may be selected for redemption. Securities of the Series and portions of them it selected for redemption shall be in amounts of $1,000 or whole multiples of $1,000 or, with respect to Securities of
any Series issuable in other denominations pursuant to Section 2.2.10, the minimum principal denomination for each Series and the authorized integral multiples thereof. Provisions of this Indenture that apply to Securities of a Series called
for redemption also apply to portions of Securities of that Series called for redemption. 

Section 3.3.     Notice of Redemption. 

Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, at
least 15 days but not more than 60 days before a redemption date, the Company shall send or cause to be sent by first-class mail or electronically, in accordance with the procedures of the Depositary, a notice of redemption to each Holder whose
Securities are to be redeemed. 
 The notice shall identify the Securities of the Series to be redeemed and shall state: 

(a)    the redemption date; 

  
 15 

 (b)    the redemption price; 

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

(d)    if any Securities are being redeemed in part, the portion of the principal amount of such Securities
to be redeemed and that, after the redemption date and upon surrender of such Security, a new Security or Securities in principal amount equal to the unredeemed portion of the original Security shall be issued in the name of the Holder thereof upon
cancellation of the original Security; 
 (e)    that Securities of the Series called for redemption must
be surrendered to the Paying Agent to collect the redemption price; 
 (f)    that interest on Securities
of the Series called for redemption ceases to accrue on and after the redemption date unless the Company defaults in the deposit of the redemption price; 

(g)    the CUSIP number, if any; and 

(h)    any other information as may be required by the terms of the particular Series or the Securities of
a Series being redeemed. 
 At the Company’s request, the Trustee shall give the notice of redemption in the Company’s name and at
its expense, provided, however, that the Company has delivered to the Trustee, at least 10 days (unless a shorter time shall be acceptable to the Trustee) prior to the notice date, an Officer’s Certificate requesting that the Trustee give such
notice and setting forth the information to be stated in such notice. 
 Section 3.4.     Effect of Notice
of Redemption. 
 Once notice of redemption is sent as provided in Section 3.3, Securities of a Series called for redemption become
due and payable on the redemption date and at the redemption price. Except as otherwise provided in the supplemental indenture, Board Resolution or Officer’s Certificate for a Series, a notice of redemption may not be conditional. Upon
surrender to the Paying Agent, such Securities shall be paid at the redemption price plus accrued interest to the redemption date. 

Section 3.5.     Deposit of Redemption Price. 

On or before 11:00 a.m., New York City time, on the redemption date, the Company shall deposit with the Paying Agent money sufficient to pay
the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date. 

Section 3.6.     Securities Redeemed in Part. 

Upon surrender of a Security that is redeemed in part, the Trustee shall authenticate for the Holder a new Security of the same Series and the
same maturity equal in principal amount to the unredeemed portion of the Security surrendered. 

  
 16 

 ARTICLE IV. 

COVENANTS 

Section 4.1.     Payment of Principal and Interest. 

The Company covenants and agrees for the benefit of the Holders of each Series of Securities that it will duly and punctually pay the principal
of and interest, if any, on the Securities of that Series in accordance with the terms of such Securities and this Indenture. On or before 11:00 a.m., New York City time, on the applicable payment date, the Company shall deposit with the Paying
Agent money sufficient to pay the principal of and interest, if any, on the Securities of each Series in accordance with the terms of such Securities and this Indenture. 

Section 4.2.     SEC Reports. 

To the extent any Securities of a Series are outstanding, the Company shall deliver to the Trustee within 15 days after it files them with the
SEC 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 SEC may by rules and regulations prescribe) which the Company is required to file with the SEC pursuant
to Section 13 or 15(d) of the Exchange Act. The Company also shall comply with the other provisions of TIA § 314(a). Reports, information and documents filed with the SEC via the EDGAR system will be deemed to be delivered to the Trustee
as of the time of such filing via EDGAR for purposes of this Section 4.2. 
 Delivery of reports, information and documents to the
Trustee under this Section 4.2 are for informational purposes only and the Trustee’s receipt of the foregoing shall not constitute constructive or actual notice of any information contained therein or determinable from information
contained therein, including the Company’s compliance with any of their covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). 

Section 4.3.     Compliance Certificate. 

To the extent any Securities of a Series are outstanding, the Company shall deliver to the Trustee, within 120 days after the end of each
fiscal year of the Company, an Officer’s Certificate stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officers with a view to
determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to each such Officer signing such certificate, that to the best of his/her knowledge the Company has kept,
observed, performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions hereof (or, if a Default or Event of Default shall have
occurred, describing all such Defaults or Events of Default of which the Officer may have knowledge). 

Section 4.4.     Stay, Extension and Usury Laws. 

The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, plead, or in any manner whatsoever
claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, which 

  
 17 

 
may affect the covenants or the performance of this Indenture or the Securities; and the Company (to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such
law and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted.

 ARTICLE V. 
 SUCCESSORS 

Section 5.1.     When Company May Merge, Etc. 

The Company shall not consolidate with or merge with or into, or convey, transfer or lease all or substantially all of its properties and
assets to, any person (a “successor person”) unless: 
 (a)    the Company is the
surviving corporation or the successor person (if other than the Company) is a corporation organized and validly existing under the laws of any U.S. domestic jurisdiction and expressly assumes the Company’s obligations on the Securities and
under this Indenture; and 
 (b)    immediately after giving effect to the transaction, no Default or
Event of Default, shall have occurred and be continuing. 
 The Company shall deliver to the Trustee prior to the consummation of the
proposed transaction an Officer’s Certificate to the foregoing effect and an Opinion of Counsel stating that the proposed transaction and any supplemental indenture comply with this Indenture. 

Notwithstanding the above, any Subsidiary of the Company may consolidate with, merge into or transfer all or part of its properties to the
Company. Neither an Officer’s Certificate nor an Opinion of Counsel shall be required to be delivered in connection therewith. 

Section 5.2.     Successor Corporation Substituted. 

Upon any consolidation or merger, or any sale, lease, conveyance or other disposition of all or substantially all of the assets of the Company
in accordance with Section 5.1, the successor corporation formed by such consolidation or into or with which the Company is merged or to which such sale, lease, conveyance or other disposition is made shall succeed to, and be substituted for,
and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor person has been named as the Company herein; provided, however, that the predecessor Company in the case of a sale,
conveyance or other disposition (other than a lease) shall be released from all obligations and covenants under this Indenture and the Securities. 

  
 18 

 ARTICLE VI. 

DEFAULTS AND REMEDIES 

Section 6.1.     Events of Default. 

“Event of Default,” wherever used herein with respect to Securities of any Series, means any one of the following events,
unless in the establishing Board Resolution, supplemental indenture or Officer’s Certificate, it is provided that such Series shall not have the benefit of said Event of Default: 

(a)    default in the payment of any interest on any Security of that Series when it becomes due and
payable, and continuance of such default for a period of 30 days (unless the entire amount of such payment is deposited by the Company with the Trustee or with a Paying Agent prior to 11:00 a.m., New York City time, on the 30th day of such period); or 
 (b)    default in the
payment of principal of any Security of that Series at its Maturity; or 
 (c)    default in the
performance or breach of any covenant or warranty of the Company in this Indenture (other than defaults pursuant to paragraphs (a) or (b) above or pursuant to a covenant or warranty that has been included in this Indenture solely for the
benefit of Series of Securities other than that Series), which default continues uncured for a period of 60 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the
Holders of at least 25% in principal amount of the outstanding Securities of that Series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or

 (d)    the Company pursuant to or within the meaning of any Bankruptcy Law: 

(i)    commences a voluntary case, 

(ii)    consents to the entry of an order for relief against it in an involuntary case, 

(iii)    consents to the appointment of a Custodian 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 unable to pay its debts as the same become due; or 

(e)    a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(i)    is for relief against the Company in an involuntary case, 

  
 19 

 (ii)    appoints a Custodian of the Company or for all
or substantially all of its property, or 
 (iii)    orders the liquidation of the Company, 

and the order or decree remains unstayed and in effect for 60 days; or 

(f)    any other Event of Default provided with respect to Securities of that Series, which is specified in
a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, in accordance with Section 2.2.18. 
 The term
“Bankruptcy Law” means title 11, U.S. Code or any similar Federal or State law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any
Bankruptcy Law. 
 The Company will provide the Trustee written notice of any Default or Event of Default within 30 days of becoming aware
of the occurrence of such Default or Event of Default, which notice will describe in reasonable detail the status of such Default or Event of Default and what action the Company is taking or proposes to take in respect thereof. 

Section 6.2.     Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default with respect to Securities of any Series at the time outstanding occurs and is continuing (other than an Event of
Default referred to in Section 6.1(d) or (e)) then in every such case the Trustee or the Holders of not less than 25% in principal amount of the outstanding Securities of that Series may declare the principal amount (or, if any Securities of
that Series are Discount Securities, such portion of the principal amount as may be specified in the terms of such Securities) of and accrued and unpaid interest, if any, on all of the Securities of that Series to be due and payable immediately, by
a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) and accrued and unpaid interest, if any, shall become immediately due and payable. If an Event of
Default specified in Section 6.1(d) or (e) shall occur, the principal amount (or specified amount) of and accrued and unpaid interest, if any, on all outstanding Securities shall ipso facto become and be immediately due and payable
without any declaration or other act on the part of the Trustee or any Holder. 
 At any time after such a declaration of acceleration with
respect to any Series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of at least a majority in principal amount of the outstanding
Securities of that Series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if all Events of Default with respect to Securities of that Series, other than the non-payment of the principal and interest, if any, of Securities of that Series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 6.13. 

No such rescission shall affect any subsequent Default or impair any right consequent thereon. 

  
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 Section 6.3.     Collection of Indebtedness and Suits for
Enforcement by Trustee. 
 The Company covenants that if 

(a)    default is made in the payment of any interest on any Security when such interest becomes due and
payable and such default continues for a period of 30 days, or 
 (b)    default is made in the payment
of principal of any Security at the Maturity thereof, or 
 (c)    default is made in the deposit of any
sinking fund payment, if any, when and as due by the terms of a Security, 
 then, the Company will, upon demand of the Trustee, pay to it, for the
benefit of the Holders of such Securities, the whole amount then due and payable on such Securities for principal and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and any
overdue interest at the rate or rates prescribed therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the compensation, reasonable expenses,
disbursements and advances of the Trustee, its agents and counsel. 
 If the Company fails to pay such amounts forthwith upon such demand,
the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the
Company or any other obligor upon such Securities and collect the moneys adjudged or deemed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated. 

If an Event of Default with respect to any 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 in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 

Section 6.4.     Trustee May File Proofs of Claim. 

In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall then be due
and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention in
such proceeding or otherwise, 
 (a)    to file and prove a claim for the whole amount of principal and
interest owing and unpaid in respect of the Securities and to file such other papers or documents as 

  
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may be necessary or advisable in order to have the claims of the Trustee (including any claim for the compensation, reasonable expenses, disbursements and advances of the Trustee, its agents and
counsel) and of the Holders allowed in such judicial proceeding, and 
 (b)    to collect and receive any
moneys or other property payable or deliverable on any such claims and to distribute the same, 
 and any custodian, receiver, assignee, trustee,
liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to
the Holders, to pay to the Trustee any amount due it for the compensation, reasonable expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.7. 

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 thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

Section 6.5.     Trustee May Enforce Claims Without Possession of Securities. 

All rights of action and claims under this Indenture or 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 of judgment shall, after
provision for the payment of the compensation, reasonable expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered.

 Section 6.6.     Application of Money Collected. 

Any money or property collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by
the Trustee: 
 First:    To the payment of all amounts due the Trustee under Section 7.7, including payment of all
reasonable compensation, expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; and 

Second:    To the payment of the amounts then due and unpaid for principal of and interest on the Securities 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 amounts due and payable on such Securities for principal and interest, respectively; and 

Third:    To the Company. 

  
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 Section 6.7.     Limitation 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 

(a)    such Holder has previously given written notice to the Trustee of a continuing Event of Default with
respect to the Securities of that Series; 
 (b)    the Holders of not less than 25% in principal amount
of the outstanding Securities of that Series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(c)    such Holder or Holders have offered to the Trustee indemnity or security satisfactory to the Trustee
against the costs, expenses and liabilities which might be incurred by the Trustee in compliance with such request; 

(d)    the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed
to institute any such proceeding; and 
 (e)    no direction inconsistent with such written request has
been given to the Trustee during such 60-day period by the Holders of not less than a majority in principal amount of the outstanding Securities of that Series; 

it being understood, intended and expressly covenanted by the Holder of every Security with every other Holder and the Trustee that no one or more of such
Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference
over any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all such Holders of the applicable Series. 

Section 6.8.     Unconditional Right of Holders to Receive Principal and Interest. 

Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to
receive payment of the principal of and interest, if any, on such Security on the Maturity of such Security, including the Stated Maturity expressed in such Security (or, in the case of redemption, on the redemption date) and to institute suit for
the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 

Section 6.9.     Restoration of Rights and Remedies. 

If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been
discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored
severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 

  
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 Section 6.10.     Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in Section 2.8,
no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every
other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not, to the extent permitted by law, prevent the concurrent
assertion or employment of any other appropriate right or remedy. 
 Section 6.11.     Delay or Omission
Not Waiver. 
 No delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any
Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time
to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 

Section 6.12.     Control by Holders. 

The Holders of at least a majority in 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 

(a)    such direction shall not be in conflict with any rule of law or with this Indenture, 

(b)    the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with
such direction, 
 (c)    subject to the provisions of Section 7.1, the Trustee shall have the right
to decline to follow any such direction if the Trustee in good faith shall, by a Responsible Officer of the Trustee, determine that the proceeding so directed would involve the Trustee in personal liability, and 

(d)    prior to taking any action as directed under this Section 6.12, the Trustee shall be entitled
to indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction. 

  
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 Section 6.13.     Waiver of Past Defaults. 

The Holders of not less than a majority in principal amount of the outstanding Securities of any Series may on behalf of the Holders of all the
Securities of such Series, by written notice to the Trustee and the Company, waive any past Default hereunder with respect to such Series and its consequences, except a Default in the payment of the principal of or interest on any Security of such
Series (provided, however, that the Holders of not less than a majority in principal amount of the outstanding Securities of any Series may rescind an acceleration and its consequences, including any related payment default that resulted from such
acceleration). 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 6.14.     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, suffered or omitted by it as Trustee, the filing by any party litigant in such suit
of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, 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 shall not apply to any suit instituted by the Company, 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 the outstanding Securities of any Series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of or interest on any Security on or after the Maturity of
such Security, including the Stated Maturity expressed in such Security (or, in the case of redemption, on or after the redemption date). 

ARTICLE VII. 
 TRUSTEE 

Section 7.1.     Duties of Trustee. 

(a)    If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and
powers vested in it by this Indenture and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 

(b)    Except during the continuance of an Event of Default: 

(i)    The Trustee need perform only those duties that are specifically set forth in this Indenture and no
others. 
 (ii)    In the absence of bad faith on its part, the Trustee may conclusively rely, as to the
truth of the statements and the correctness of the opinions expressed therein, upon Officer’s Certificates or Opinions of Counsel furnished to the Trustee and conforming to the requirements of this Indenture; however, in the case of any

  
 25 

 
such Officer’s Certificates or Opinions of Counsel which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such Officer’s
Certificates and Opinions of Counsel to determine whether or not they conform to the form requirements of this Indenture. 

(c)    The Trustee may not be relieved from liability for its own negligent action, its own negligent
failure to act or its own willful misconduct, except that: 
 (i)    This paragraph does not limit the
effect of paragraph (b) of this Section. 
 (ii)    The Trustee shall not be liable for any error of
judgment made in good faith by a Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts. 

(iii)    The Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken
by it with respect to Securities of any Series in good faith in accordance with the direction of the Holders of at least a majority in principal amount of the outstanding Securities of such Series relating to the time, method and place of conducting
any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such Series in accordance with Section 6.12. 

(d)    Every provision of this Indenture that in any way relates to the Trustee is subject to paragraph
(a), (b) and (c) of this Section. 
 (e)    The Trustee may refuse to perform any duty or exercise
any right or power unless it receives indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in performing such duty or exercising such right or power. 

(f)    The Trustee shall not be liable for interest on any money received by it except as the Trustee may
agree in writing with the Company. Money held in trust by the Trustee shall be held un-invested and need not be segregated from other funds except to the extent required by law. 

(g)    No provision of this Indenture shall require the Trustee to risk its own funds or otherwise incur
any financial liability in the performance of any of its duties, or in the exercise of any of its rights or powers, if adequate indemnity against such risk is not assured to the Trustee in its satisfaction. 

(h)    The Paying Agent, the Registrar and any authenticating agent shall be entitled to the protections
and immunities as are set forth in paragraphs (e), (f) and (g) of this Section and in Section 7.2, each with respect to the Trustee. 

  
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 Section 7.2.     Rights of Trustee. 

(a)    The Trustee may rely on and shall be protected in acting or refraining from acting upon any document
(whether in its original or facsimile form) 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. 

(b)    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. 

(c)    The Trustee may act through agents and shall not be responsible for the misconduct or negligence of
any agent appointed with due care. No Depositary shall be deemed an agent of the Trustee and the Trustee shall not be responsible for any act or omission by any Depositary. 

(d)    The Trustee shall not be liable for any action it takes or omits to take in good faith which it
believes to be authorized or within its rights or powers, provided that the Trustee’s conduct does not constitute willful misconduct or negligence. 

(e)    The Trustee may consult with counsel and the advice of such counsel or any Opinion of Counsel shall
be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder without willful misconduct or negligence, and in reliance thereon. 

(f)    The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by
this Indenture at the request or direction of any of the Holders of Securities unless such Holders shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it
in compliance with such request or direction. 
 (g)    The Trustee shall not be bound to make any
investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but
the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit. 

(h)    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 Securities
generally or the Securities of a particular Series and this Indenture. 
 (i)    In no event shall the
Trustee be liable to any person for special, punitive, indirect, consequential or incidental loss or damage of any kind whatsoever (including lost profits), even if the Trustee has been advised of the likelihood of such loss or damage. 

  
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 (j)    The permissive right of the Trustee to take the
actions permitted by this Indenture shall not be construed as an obligation or duty to do so. 

Section 7.3.     Individual Rights of Trustee. 

The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or an
Affiliate of the Company with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee is also subject to Sections 7.10 and 7.11. 

Section 7.4.     Trustee’s Disclaimer. 

The Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities, it shall not be accountable for the
Company’s use of the proceeds from the Securities, and it shall not be responsible for any statement in the Securities other than its authentication. 

Section 7.5.     Notice of Defaults. 

If a Default or Event of Default occurs and is continuing with respect to the Securities of any Series and if it is known to a Responsible
Officer of the Trustee, the Trustee shall send to each Securityholder of the Securities of that Series notice of a Default or Event of Default within 90 days after it occurs or, if later, after a Responsible Officer of the Trustee has knowledge of
such Default or Event of Default. Except in the case of a Default or Event of Default in payment of principal of or interest on any Security of any Series, the Trustee may withhold the notice if and so long as its corporate trust committee or a
committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of Securityholders of that Series. 

Section 7.6.     Reports by Trustee to Holders. 

Within 60 days after each anniversary of this Indenture, the Trustee shall transmit by mail to all Securityholders, as their names and
addresses appear on the register kept by the Registrar, a brief report dated as of such anniversary date, in accordance with, and to the extent required under, TIA § 313. 

A copy of each report at the time of its mailing to Securityholders of any Series shall be filed with the SEC and each national securities
exchange on which the Securities of that Series are listed. The Company shall promptly notify the Trustee in writing when Securities of any Series are listed on any national securities exchange. 

Section 7.7.     Compensation and Indemnity. 

The Company shall pay to the Trustee from time to time compensation for its services as the Company and the Trustee shall from time to time
agree upon in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon request for all reasonable out of pocket expenses incurred by it.
Such expenses shall include the reasonable compensation and expenses of the Trustee’s agents and counsel. 

  
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 The Company shall indemnify each of the Trustee and any predecessor Trustee (including for
the cost of defending itself) against any cost, expense or liability, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee) incurred by it except as set forth in the next paragraph in the performance
of its duties under this Indenture as Trustee or Agent. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations
hereunder, unless and to the extent that the Company is materially prejudiced thereby. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may have one separate counsel and the Company shall pay the
reasonable fees and expenses of such counsel. The Company need not pay for any settlement made without its consent, which consent will not be unreasonably withheld. This indemnification shall apply to officers, directors, employees, shareholders and
agents of the Trustee. 
 The Company need not reimburse any expense or indemnify against any loss or liability incurred by the Trustee or
by any officer, director, employee, shareholder or agent of the Trustee through willful misconduct or negligence. 
 To secure the
Company’s payment obligations in this Section, the Trustee shall have a lien prior to the Securities of any Series on all money or property held or collected by the Trustee, except that held in trust to pay principal of and interest on
particular Securities of that Series. 
 When the Trustee incurs expenses or renders services after an Event of Default specified in
Section 6.1(d) or (e) occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. 

The provisions of this Section shall survive the termination of this Indenture. 

Section 7.8.     Replacement of Trustee. 

A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee’s
acceptance of appointment as provided in this Section. 
 The Trustee may resign with respect to the Securities of one or more Series by so
notifying the Company at least 30 days prior to the date of the proposed resignation. The Holders of not less than a majority in principal amount of the Securities of any Series may remove the Trustee with respect to that Series by so notifying the
Trustee and the Company. The Company may remove the Trustee with respect to Securities of one or more Series if: 

(a)    the Trustee fails to comply with Section 7.10; 

(b)    the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to
the Trustee under any Bankruptcy Law; 
 (c)    a Custodian or public officer takes charge of the Trustee
or its property; or 
 (d)    the Trustee becomes incapable of acting. 

  
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 If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any
reason, the Company shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of at least a majority in principal amount of the then outstanding Securities may appoint a successor Trustee to
replace the successor Trustee appointed by the Company. 
 If a successor Trustee with respect to the Securities of any one or more Series
does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least a majority in principal amount of the Securities of the applicable Series may petition any court of
competent jurisdiction for the appointment of a successor Trustee. 
 A successor Trustee shall deliver a written acceptance of its
appointment to the retiring Trustee and to the Company. Immediately after that, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee subject to the lien provided for in Section 7.7, the resignation or
removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee with respect to each Series of Securities for which it is acting as Trustee under this Indenture. A
successor Trustee shall mail a notice of its succession to each Securityholder of each such Series. Notwithstanding replacement of the Trustee pursuant to this Section 7.8, the Company’s obligations under Section 7.7 hereof shall
continue for the benefit of the retiring Trustee with respect to expenses and liabilities incurred by it for actions taken or omitted to be taken in accordance with its rights, powers and duties under this Indenture prior to such replacement. 

Section 7.9.     Successor Trustee by Merger, Etc. 

If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business to, another
corporation, the successor corporation without any further act shall be the successor Trustee, subject to Section 7.10. 

Section 7.10.     Eligibility; Disqualification. 

This Indenture shall always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and (5). The Trustee shall always have a
combined capital and surplus of at least $25,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with TIA § 310(b). 

Section 7.11.     Preferential Collection of Claims Against Company. 

The Trustee is subject to TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned or
been removed shall be subject to TIA § 311(a) to the extent indicated. 

  
 30 

 ARTICLE VIII. 

SATISFACTION AND DISCHARGE; DEFEASANCE 

Section 8.1.     Satisfaction and Discharge of Indenture. 

This Indenture shall upon Company Order be discharged with respect to the Securities of any Series and cease to be of further effect as to all
Securities of such Series (except as hereinafter provided in this Section 8.1), and the Trustee, at the expense of the Company, shall execute instruments acknowledging satisfaction and discharge of this Indenture, when 

(a)    either 

(i)    all Securities of such Series theretofore authenticated and delivered (other than Securities that
have been destroyed, lost or stolen and that have been replaced or paid) have been delivered to the Trustee for cancellation; or 

(ii)    all such Securities of such Series not theretofore delivered to the Trustee for cancellation 

(1)    have become due and payable by reason of sending a notice of redemption or otherwise, or 

(2)    will become due and payable at their Stated Maturity within one year, or 

(3)    have been called for redemption or are to be called for redemption within one year under
arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, or 

(4)    are deemed paid and discharged pursuant to Section 8.3, as applicable; 

and the Company, in the case of (1), (2) or (3) above, shall have irrevocably deposited or caused to be deposited with the Trustee as trust funds in
trust an amount of money or U.S. Government Obligations, which amount shall be sufficient for the purpose of paying and discharging each installment of principal (including mandatory sinking fund or analogous payments) of and interest on all the
Securities of such Series on the dates such installments of principal or interest are due; 
 (b)    the
Company has paid or caused to be paid all other sums payable hereunder by the Company; and 
 (c)    the
Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for relating to the satisfaction and discharge contemplated by this Section have been complied
with. 
 Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under
Section 7.7, and, if money shall have been deposited with the Trustee pursuant to clause (a) of this Section, the provisions of Sections 2.4, 2.7, 2.8, 8.2 and 8.5 shall survive. 

  
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 Section 8.2.     Application of Trust Funds;
Indemnification. 
 (a)    Subject to the provisions of Section 8.5, all money and U.S.
Government Obligations or Foreign Government Obligations deposited with the Trustee pursuant to Section 8.1, 8.3 or 8.4 and all money received by the Trustee in respect of U.S. Government Obligations or Foreign Government Obligations deposited
with the Trustee pursuant to Section 8.1, 8.3 or 8.4, 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 (including the
Company acting as its own Paying Agent) as the Trustee may determine, to the persons entitled thereto, of the principal and interest for whose payment such money has been deposited with or received by the Trustee or to make mandatory sinking fund
payments or analogous payments as contemplated by Sections 8.1, 8.3 or 8.4. 
 (b)    The Company shall
pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against U.S. Government Obligations or Foreign Government Obligations deposited pursuant to Sections 8.1, 8.3 or 8.4 or the interest and principal
received in respect of such obligations other than any payable by or on behalf of Holders. 
 (c)    The
Trustee shall deliver or pay to the Company from time to time upon Company Order any U.S. Government Obligations or Foreign Government Obligations or money held by it as provided in Sections 8.3 or 8.4 which, in the opinion of a nationally
recognized firm of independent certified public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, are then in excess of the amount thereof which then would have been required to be deposited for
the purpose for which such U.S. Government Obligations or Foreign Government Obligations or money were deposited or received. This provision shall not authorize the sale by the Trustee of any U.S. Government Obligations or Foreign Government
Obligations held under this Indenture. 
 Section 8.3.     Legal Defeasance of Securities of any
Series. 
 Unless this Section 8.3 is otherwise specified, pursuant to Section 2.2, to be inapplicable to Securities of any
Series, the Company shall be deemed to have paid and discharged the entire indebtedness on all the outstanding Securities of any Series on the 91st day after the date of the deposit referred to in subparagraph (d) hereof, and the provisions of
this Indenture, as it relates to such outstanding Securities of such Series, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, upon receipt of a Company Order, execute instruments acknowledging the same), except as
to: 
 (a)    the rights of Holders of Securities of such Series to receive, from the trust funds
described in subparagraph (d) hereof, (i) payment of the principal of and each installment of principal of and interest on the outstanding Securities of such Series on the 

  
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Maturity of such principal or installment of principal or interest and (ii) the benefit of any mandatory sinking fund payments applicable to the Securities of such Series on the day on which
such payments are due and payable in accordance with the terms of this Indenture and the Securities of such Series; 

(b)    the provisions of Sections 2.4, 2.5, 2.7, 2.8, 7.7, 8.2, 8.3, 8.5 and 8.6; and 

(c)    the rights, powers, trusts and immunities of the Trustee hereunder and the Company’s
obligations in connection therewith; 
 provided that, the following conditions shall have been satisfied: 

(d)    the Company shall have irrevocably deposited or caused to be deposited (except as provided in
Section 8.2(c)) with the Trustee as trust funds specifically pledged as security for and dedicated solely to the benefit of the Holders of such Securities (i) in the case of Securities of such Series denominated in Dollars, cash in Dollars
and/or U.S. Government Obligations, or (ii) in the case of Securities of such Series denominated in a Foreign Currency (other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and
principal in respect thereof in accordance with their terms, will provide (and without reinvestment and assuming no tax liability will be imposed on such Trustee), not later than one day before the due date of any payment of money, an amount in
cash, sufficient, in the opinion of a nationally recognized firm of independent public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, to pay and discharge each installment of principal of and
interest on, and any mandatory sinking fund payments in respect of, all the Securities of such Series on the dates such installments of principal or interest and such sinking fund payments are due; 

(e)    such deposit will not result in a breach or violation of, or constitute a default under, this
Indenture or any other agreement or instrument to which the Company is a party or by which it is bound; 

(f)    no Default or Event of Default with respect to the Securities of such Series shall have occurred and
be continuing on the date of such deposit or during the period ending on the 91st day after such date; 

(g)    the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of
Counsel to the effect that (i) the Company has received from, or there has been published by, the Internal Revenue Service a ruling, or (ii) since the date of execution of this Indenture, there has been a change in the applicable Federal
income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the Securities of such Series will not recognize income, gain or loss for Federal income tax purposes as a result of such
deposit, defeasance and discharge and will be subject to Federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit, defeasance and discharge had not occurred; 

  
 33 

 (h)    the Company shall have delivered to the Trustee
an Officer’s Certificate stating that the deposit was not made by the Company with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and 

(i)    the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of
Counsel, each stating that all conditions precedent provided for relating to the defeasance contemplated by this Section have been complied with. 

Section 8.4.     Covenant Defeasance. 

Unless this Section 8.4 is otherwise specified pursuant to Section 2.2 to be inapplicable to Securities of any Series, the Company
may omit to comply with respect to the Securities of any Series with any term, provision or condition set forth under Sections 4.2, 4.3, 4.4 and 5.1 and, unless otherwise specified therein, any additional covenants specified in a supplemental
indenture for such Series of Securities or a Board Resolution or an Officer’s Certificate delivered pursuant to Section 2.2 (and the failure to comply with any such covenants shall not constitute a Default or Event of Default with respect
to such Series under Section 6.1) and the occurrence of any event specified in a supplemental indenture for such Series of Securities or a Board Resolution or an Officer’s Certificate delivered pursuant to Section 2.2 and designated
as an Event of Default shall not constitute a Default or Event of Default hereunder, with respect to the Securities of such Series, but, except as specified above, the remainder of this Indenture and such Securities will be unaffected thereby;
provided that the following conditions shall have been satisfied: 
 (a)    with reference to this
Section 8.4, the Company has irrevocably deposited or caused to be irrevocably deposited (except as provided in Section 8.2(c)) with the Trustee 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 (i) in the case of Securities of such Series denominated in Dollars, cash in Dollars and/or U.S. Government Obligations, or (ii) in the case of
Securities of such Series denominated in a Foreign Currency (other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and principal in respect thereof in accordance with their terms, will
provide (and without reinvestment and assuming no tax liability will be imposed on such Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm of
independent certified public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, to pay and discharge each installment of principal (including mandatory sinking fund or analogous payments) of and
interest on all the Securities of such Series on the dates such installments of principal or interest are due; 

(b)    such deposit will not result in a breach or violation of, or constitute a default under, this
Indenture or any other agreement or instrument to which the Company is a party or by which it is bound; 

(c)    no Default or Event of Default with respect to the Securities of such Series shall have occurred and
be continuing on the date of such deposit; 

  
 34 

 (d)    the Company shall have delivered to the Trustee
an Officers’ Certificate and an Opinion of Counsel to the effect that the Holders of the Securities of such Series will not recognize income, gain or loss for Federal income tax purposes as a result of such deposit and covenant defeasance and
will be subject to Federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit and covenant defeasance had not occurred; 

(e)    The Company shall have delivered to the Trustee an Officer’s Certificate stating the deposit
was not made by the Company with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and 

(f)    The Company shall have 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 covenant defeasance contemplated by this Section have been complied with. 

Section 8.5.     Repayment to Company. 

Subject to applicable abandoned property law, the Trustee and the Paying Agent shall pay to the Company upon request any money held by them for
the payment of principal and interest that remains unclaimed for two years. After that, Securityholders entitled to the money must look to the Company for payment as general creditors unless an applicable abandoned property law designates another
person. 
 Section 8.6.     Reinstatement. 

If the Trustee or the Paying Agent is unable to apply any money deposited with respect to Securities of any Series in accordance with
Section 8.1 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the obligations of the Company under this Indenture
with respect to the Securities of such Series and under the Securities of such Series shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.1 until such time as the Trustee or the Paying Agent is permitted to
apply all such money in accordance with Section 8.1; provided, however, that if the Company has made any payment of principal of or interest on or any Additional Amounts with respect to any Securities because of the reinstatement
of its obligations, the Company shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money or U.S. Government Obligations held by the Trustee or Paying Agent after payment in full to the Holders. 

ARTICLE IX. 
 AMENDMENTS AND
WAIVERS 
 Section 9.1.     Without Consent of Holders. 

The Company and the Trustee may amend or supplement this Indenture or the Securities of one or more Series without the consent of any
Securityholder: 
 (a)    to cure any ambiguity, defect or inconsistency; 

  
 35 

 (b)    to comply with Article V; 

(c)    to provide for uncertificated Securities in addition to or in place of certificated Securities; 

(d)    to add guarantees with respect to Securities of any Series or secure Securities of any Series; 

(e)    to surrender any of the Company’s rights or powers under this Indenture; 

(f)    to add covenants or events of default for the benefit of the holders of Securities of any Series;

 (g)    to comply with the applicable procedures of the applicable depositary; 

(h)    to make any change that does not adversely affect the rights of any Securityholder; 

(i)    to provide for the issuance of and establish the form and terms and conditions of Securities of any
Series as permitted by this Indenture; 
 (j)    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; or 
 (k)    to comply with requirements of the SEC in order to
effect or maintain the qualification of this Indenture under the TIA. 
 Section 9.2.     With Consent of
Holders. 
 The Company and the Trustee may enter into a supplemental indenture with the written consent of the Holders of at least a
majority in principal amount of the outstanding Securities of each Series affected by such supplemental indenture (including consents obtained in connection with a tender offer or exchange offer for the Securities of such Series), for the purpose of
adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the Securityholders of each such Series. Except as provided in
Section 6.13, the Holders of at least a majority in principal amount of the outstanding Securities of any Series by notice to the Trustee (including consents obtained in connection with a tender offer or exchange offer for the Securities of
such Series) may waive compliance by the Company with any provision of this Indenture or the Securities with respect to such Series. 
 It
shall not be necessary for the consent of the Holders of Securities under this Section 9.2 to approve the particular form of any proposed supplemental indenture or waiver, but it shall be sufficient if such consent approves the substance
thereof. After a supplemental indenture or waiver under this section becomes effective, the Company shall send to the Holders of Securities affected thereby, a notice briefly describing the supplemental indenture or waiver. Any failure by the
Company to send such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture or waiver. 

  
 36 

 Section 9.3.     Limitations. 

Without the consent of each Securityholder affected, an amendment or waiver may not: 

(a)    reduce the principal amount of Securities whose Holders must consent to an amendment, supplement or
waiver; 
 (b)    reduce the rate of or extend the time for payment of interest (including default
interest) on any Security; 
 (c)    reduce the principal or change the Stated Maturity of any Security
or reduce the amount of, or postpone the date fixed for, the payment of any sinking fund or analogous obligation; 

(d)    reduce the principal amount of Discount Securities payable upon acceleration of the maturity
thereof; 
 (e)    waive a Default or Event of Default in the payment of the principal of or interest, if
any, on any Security (except a rescission of acceleration of the Securities of any Series by the Holders of at least a majority in principal amount of the outstanding Securities of such Series and a waiver of the payment default that resulted from
such acceleration); 
 (f)    make the principal of or interest, if any, on any Security payable in any
currency other than that stated in the Security; 
 (g)    make any change in Sections 6.8, 6.13 or 9.3
(this sentence); or 
 (h)    waive a redemption payment with respect to any Security, provided that such
redemption is made at the Company’s option. 
 Section 9.4.     Compliance with Trust Indenture
Act. 
 Every amendment to this Indenture or the Securities of one or more Series shall be set forth in a supplemental indenture hereto
that complies with the TIA as then in effect. 
 Section 9.5.     Revocation and Effect of Consents.

 Until an amendment is set forth in a supplemental indenture or a waiver becomes effective, a consent to it by a Holder of a Security is a
continuing consent by the Holder and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security. However, any such
Holder or subsequent Holder may revoke the consent as to his Security or portion of a Security if the Trustee receives the notice of revocation before the date of the supplemental indenture or the date the waiver becomes effective. 

  
 37 

 Any amendment or waiver once effective shall bind every Securityholder of each Series
affected by such amendment or waiver unless it is of the type described in any of clauses (a) through (h) of Section 9.3. In that case, the amendment or waiver shall bind each Holder of a Security who has consented to it and every
subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security. 
 The
Company may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to give their consent or take any other action described above or required or permitted to be taken pursuant to this Indenture. If a
record date is fixed, then notwithstanding the second immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only those persons, shall be entitled to give such consent or to revoke
any consent previously given or take any such action, whether or not such Persons continue to be Holders after such record date. No such consent shall be valid or effective for more than 120 days after such record date. 

Section 9.6.     Notation on or Exchange of Securities. 

The Company or the Trustee may place an appropriate notation about an amendment or waiver on any Security of any Series thereafter
authenticated. The Company in exchange for Securities of that Series may issue and the Trustee shall authenticate upon receipt of a Company Order in accordance with Section 2.3 new Securities of that Series that reflect the amendment or waiver.

 Section 9.7.     Trustee Protected. 

In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby
of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 7.1) shall be fully protected in relying upon, an Officer’s Certificate or an Opinion of Counsel or both complying with
Section 10.4. The Trustee shall sign all supplemental indentures upon delivery of such an Officer’s Certificate or Opinion of Counsel or both, except that the Trustee need not sign any supplemental indenture that adversely affects its
rights, duties, liabilities or immunities under this Indenture. 
 ARTICLE X. 

MISCELLANEOUS 

Section 10.1.     Trust Indenture Act Controls. 

If any provision of this Indenture limits, qualifies, or conflicts with another provision which is required or deemed to be included in this
Indenture by the TIA, such required or deemed provision shall control. 
 Section 10.2.     Notices.

 (a)    Any notice or communication by the Company or the Trustee to the other, or by a Holder to the Company or the
Trustee, is duly given if in writing and (1) delivered in person, (2) mailed by first-class mail (registered or certified, return receipt requested), postage

  
 38 

 
prepaid, or overnight air courier guaranteeing next day delivery or (3) sent by facsimile or electronic transmission, to its address: 

 

			
	if to the Company:	  	
		
		  	c/o Centennial Resource Production, LLC
		  	1001 Seventeenth Street, Suite 1800
		  	Denver, Colorado 80202
		  	Fax No.: (303) 845-9516
		  	Email: George.Glyphis@cdevinc.com
		  	Attention: George S. Glyphis
		  	Telephone: (720) 499-1400
		
	with a copy to:	  	
		
		  	Latham & Watkins LLP
		  	811 Main Street, Suite 3700
		  	Houston, Texas 77002
		  	Email:         bill.finnegan@lw.com
		  	                    john.greer@lw.com
		  	Attention:   William N. Finnegan IV
		  	                    John M. Greer
		  	Telephone:  (713) 546-5400
		
	if to the Trustee:	  	
		
		  	UMB Bank, N.A.
		  	5555 San Felipe Street, Suite 810
		  	Houston, Texas 77056
		  	Email: Mauri.Cowen@umb.com
		  	Attention: Corporate Trust Department
		  	Telephone: 713-300-0587
		
	with a copy to:	  	
		
		  	Thompson & Knight LLP
		  	811 Main Street, Suite 2500
		  	Houston, Texas 77002
		  	Attention: Doug Lionberger
		  	Telephone: (713) 653-8844

 The Company or the Trustee by notice to the other may designate additional or different addresses for
subsequent notices or communications. 
 (b)    All notices and communications (other than those sent to
Securityholders) shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; on 

  
 39 

 
the first date of which publication is made, if by publication; five calendar days after being deposited in the mail, postage prepaid, if mailed by first-class mail; the next Business Day after
timely delivery to the courier, if mailed by overnight air courier guaranteeing next day delivery; when receipt acknowledged, if sent by facsimile or electronic transmission; provided that any notice or communication delivered to the Trustee
shall be deemed effective upon actual receipt thereof. 
 (c)    Any notice or communication to a Securityholder shall
be mailed by first-class mail (or sent electronically if DTC is the recipient), registered or certified, return receipt requested or by overnight air courier guaranteeing next day delivery to its address shown on the Registrar’s register or by
such other delivery system as the Trustee agrees to accept. Failure to mail a notice or communication to a Securityholder or any defect in it shall not affect its sufficiency with respect to other Securityholders. 

(d)    Where this Indenture provides for notice in any manner, such notice may be waived in writing by the person entitled
to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Securityholders shall be filed with the Trustee, but such filing shall not be a condition precedent to the
validity of any action taken in reliance upon such waiver. 
 (e)    Notwithstanding any other provision herein, where
this Indenture provides for notice of any event (including any notice of redemption) to any Holder of an interest in a Global Security (whether by mail or otherwise), such notice shall be sufficiently given if given to the Depositary for such
Security (or its designee), according to the applicable procedures of such Depositary, if any, prescribed for the giving of such notice. 

(f)    If a notice or communication is sent in the manner provided above within the time prescribed, it is duly given,
whether or not the addressee receives it. 
 Section 10.3.     Communication by Holders with Other
Holders. 
 Securityholders of any Series may communicate pursuant to TIA § 312(b) with other Securityholders of that Series or any
other Series with respect to their rights under this Indenture or the Securities of that Series or all Series. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c). 

Section 10.4.     Certificate and Opinion as to Conditions Precedent. 

Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the
Trustee: 
 (a)    an Officer’s Certificate stating that, in the opinion of the signers, all
conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

(b)    an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent
have been complied with. 

  
 40 

 Section 10.5.     Statements Required in Certificate or
Opinion. 
 Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other
than a certificate provided pursuant to TIA § 314(a)(4)) shall comply with the provisions of TIA § 314(e) and shall include: 

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

 (b)    a brief statement as to the nature and scope of the examination or investigation upon which the
statements or opinions contained in such certificate or opinion are based; 
 (c)    a statement that, in
the opinion of such person, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(d)    a statement as to whether or not, in the opinion of such person, such condition or covenant has been
complied with. 
 Section 10.6.     Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or a meeting of Securityholders of one or more Series. Any Agent may make reasonable rules
and set reasonable requirements for its functions. 
 Section 10.7.     Legal Holidays. 

A “Legal Holiday” is any day that is not a Business Day. If a payment date is a Legal Holiday at a place of payment, payment
may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. 

Section 10.8.     No Recourse Against Others. 

A director, officer, employee, holder of membership interests or stockholder (past or present), as such, of the Company shall not have any
liability for any obligations of the Company under the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Securityholder by accepting a Security waives and releases all such
liability. The waiver and release are part of the consideration for the issue of the Securities. 

Section 10.9.     Counterparts. 

This Indenture may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed
shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. The exchange of copies of this Indenture and of signature pages by facsimile or electronic format (e.g., “.pdf” or
“.tif”) transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile
or electronic format (e.g., “.pdf” or “.tif”) shall be deemed to be their original signatures for all purposes. 

  
 41 

 Unless otherwise provided herein or in any other Securities, the words “execute”,
“execution”, “signed”, and “signature” and words of similar import used in or related to any document to be signed in connection with this Indenture, any Securities or any of the transactions contemplated hereby
(including amendments, waivers, consents and other modifications) shall be deemed to include electronic signatures and the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a
manually executed signature in ink or the use of a paper-based recordkeeping system, as applicable, to the fullest extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the
New York State Electronic Signatures and Records Act, and any other similar state laws based on the Uniform Electronic Transactions Act, provided that, notwithstanding anything herein to the contrary, the Trustee is not under any obligation to agree
to accept electronic signatures in any form or in any format unless expressly agreed to by such Trustee pursuant to procedures approved by such Trustee. 

Section 10.10.     Governing Law; Waiver of Jury Trial; Consent to Jurisdiction. 

THIS INDENTURE AND THE SECURITIES, INCLUDING ANY CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THE INDENTURE OR THE SECURITIES, SHALL
BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 THE COMPANY, THE TRUSTEE AND THE HOLDERS (BY THEIR ACCEPTANCE OF THE SECURITIES)
EACH HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR
THEREBY. 
 Any legal suit, action or proceeding arising out of or based upon this Indenture or the transactions contemplated hereby may
be instituted in the Federal courts of the United States of America located in the City of New York or the courts of the State of New York in each case located in the City of New York (collectively, the “Specified Courts”), and each
party irrevocably submits to the non-exclusive jurisdiction of such courts in any such suit, action or proceeding. Service of any process, summons, notice or document by mail (to the extent allowed under any
applicable statute or rule of court) to such party’s address set forth above shall be effective service of process for any suit, action or other proceeding brought in any such court. The Company, the Trustee and the Holders (by their acceptance
of the Securities) each hereby irrevocably and unconditionally waives any objection to the laying of venue of any suit, action or other proceeding in the Specified Courts and irrevocably and unconditionally waives and agrees not to plead or claim
any such suit, action or other proceeding has been brought in an inconvenient forum. 

  
 42 

 Section 10.11.     No Adverse Interpretation of Other
Agreements. 
 This Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary of
the Company. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 

Section 10.12.     Successors. 

All agreements of the Company in this Indenture and the Securities shall bind its successor. All agreements of the Trustee in this Indenture
shall bind its successor. 
 Section 10.13.     Severability. 

In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 10.14.     Table of Contents, Headings, Etc. 

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

Section 10.15.     Securities in a Foreign Currency. 

Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate delivered pursuant to
Section 2.2 of this Indenture with respect to a particular Series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all Series
or all Series affected by a particular action at the time outstanding and, at such time, there are outstanding Securities of any Series which are denominated in more than one currency, then the principal amount of Securities of such Series which
shall be deemed to be outstanding for the purpose of taking such action shall be determined by converting any such other currency into a currency that is designated upon issuance of any particular Series of Securities. Unless otherwise specified in
a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate delivered pursuant to Section 2.2 of this Indenture with respect to a particular Series of Securities, such conversion shall be at the spot rate for the
purchase of the designated currency as published in The Financial Times in the “Currency Rates” section (or, if The Financial Times is no longer published, or if such information is no longer available in The Financial Times, such source
as may be selected in good faith by the Company) on any date of determination. The provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a Series denominated in currency other than
Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this Indenture. 
 All decisions and
determinations provided for in the preceding paragraph shall, in the absence of manifest error, to the extent permitted by law, be conclusive for all purposes and irrevocably binding upon the Trustee and all Holders. 

  
 43 

 Section 10.16.     Judgment Currency. 

The Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining
judgment in any court it is necessary to convert the sum due in respect of the principal of or interest or other amount on the Securities of any Series (the “Required Currency”) into a currency in which a judgment will be rendered
(the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the
day on which final unappealable judgment is entered, unless such day is not a New York Banking Day, then the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New
York the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which final unappealable judgment is entered and (b) its obligations under this Indenture to make payments in the Required Currency
(i) shall not be discharged or satisfied by any tender, any recovery pursuant to any judgment (whether or not entered in accordance with subsection (a)), in any currency other than the Required Currency, except to the extent that such tender or
recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the
purpose of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so expressed to be payable, and (iii) shall not be affected by judgment being obtained
for any other sum due under this Indenture. For purposes of the foregoing, “New York Banking Day” means any day except a Saturday, Sunday or a legal holiday in The City of New York on which banking institutions are authorized or
required by law, regulation or executive order to close. 
 Section 10.17.     Force Majeure. 

In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of
or caused by, directly or indirectly, forces beyond its control, including strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, epidemics, pandemics, nuclear or natural catastrophes or acts of God, and
interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services, it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to
resume performance as soon as practicable under the circumstances. 
 Section 10.18.     U.S.A. Patriot
Act. 
 The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee is required to
obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as
it may request in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act. 

  
 44 

 ARTICLE XI. 

SINKING FUNDS 

Section 11.1.     Applicability of Article. 

The provisions of this Article shall be applicable to any sinking fund for the retirement of the Securities of a Series if so provided by the
terms of such Securities pursuant to Section 2.2 and except as otherwise permitted or required by any form of Security of such Series issued pursuant to this Indenture. 

The minimum amount of any sinking fund payment provided for by the terms of the Securities of any Series is herein referred to as a
“mandatory sinking fund payment” and any other 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 11.2. Each sinking fund payment shall be applied to the redemption of Securities of any Series as provided for by the terms of the
Securities of such Series. 
 Section 11.2.     Satisfaction of Sinking Fund Payments with Securities.

 The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any Series to be made
pursuant to the terms of such Securities (1) deliver outstanding Securities of such Series to which such sinking fund payment is applicable (other than any of such Securities previously called for mandatory sinking fund redemption) and
(2) apply as credit Securities of such Series to which such sinking fund payment is applicable and which have been repurchased by the Company or redeemed either at the election of the Company pursuant to the terms of such Series of Securities
(except pursuant to any mandatory sinking fund) or through the application of permitted optional sinking fund payments or other optional redemptions pursuant to the terms of such Securities, provided that such Securities have not been previously so
credited. Such Securities shall be received by the Trustee, together with an Officer’s Certificate with respect thereto, not later than 15 days prior to the date on which the Trustee begins the process of selecting Securities for redemption,
and shall be credited for such purpose by the Trustee at the price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. If as a result of the
delivery or credit of Securities in lieu of cash payments pursuant to this Section 11.2, the principal amount of Securities of such Series to be redeemed in order to exhaust the aforesaid cash payment shall be less than $100,000, the Trustee
need not call Securities of such Series for redemption, except upon receipt of a Company Order that such action be taken, and such cash payment shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment,
provided, however, that the Trustee or such Paying Agent shall from time to time upon receipt of a Company Order pay over and deliver to the Company any cash payment so being held by the Trustee or such Paying Agent upon delivery by
the Company to the Trustee of Securities of that Series purchased by the Company having an unpaid principal amount equal to the cash payment required to be released to the Company. 

  
 45 

 Section 11.3.     Redemption of Securities for Sinking
Fund. 
 Not less than 45 days (unless otherwise indicated in the Board Resolution, supplemental indenture hereto or Officer’s
Certificate in respect of a particular Series of Securities) prior to each sinking fund payment date for any Series of Securities, the Company will deliver to the Trustee an Officer’s Certificate specifying the amount of the next ensuing
mandatory sinking fund payment for that Series pursuant to the terms of that Series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting of
Securities of that Series pursuant to Section 11.2, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and the Company shall thereupon be obligated to pay the amount therein specified. Not
less than 30 days (unless otherwise indicated in the Board Resolution, Officer’s Certificate or supplemental indenture in respect of a particular Series of Securities) before each such sinking fund payment date the Securities to be redeemed
upon such sinking fund payment date will be selected in the manner specified in Section 3.2 and the Company shall send or cause to be sent a notice of the redemption thereof to be given in the name of and at the expense of the Company in the
manner provided in and in accordance with Section 3.3. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 3.4, 3.5 and 3.6. 

  
 46 

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

					
	Centennial Resource Production, LLC
		
	By:	 	 /s/ George S. Glyphis

		 	Name:	 	George S. Glyphis
		 	 Its:
	 	Vice President, Chief Financial Officer and Assistant Secretary
	
	UMB Bank, N.A., as Trustee
		
	By:	 	 /s/ Mauri J. Cowen

		 	Name:	 	Mauri J. Cowen
		 	Its:	 	Senior Vice President

  
 [Signature Page to Base
Indenture]EX-4.2

 Exhibit 4.2 

Execution Version 
  

 
  

 
  

 
 CENTENNIAL RESOURCE PRODUCTION,
LLC, 
 THE GUARANTOR PARTIES HERETO 

and 
 UMB BANK, N.A. 

as Trustee 
  

 
 FIRST
SUPPLEMENTAL INDENTURE 
 Dated as of March 19, 2021 
  

 
 3.25%
Exchangeable Senior Notes due 2028 
  
  

 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 Article 1. Definitions; Rules of Construction; Scope and Interpretation of Base
Indenture
	  	 	1	 
			
	 Section 1.01.
	 	 Definitions
	  	 	1	 
	 Section 1.02.
	 	 Other Definitions
	  	 	12	 
	 Section 1.03.
	 	 Rules of Construction
	  	 	13	 
	 Section 1.04.
	 	 Interpretation; Scope of Supplemental Indenture; Supersession of Base Indenture
	  	 	14	 
		
	 Article 2. The Notes
	  	 	15	 
			
	 Section 2.01.
	 	 Form, Dating and Denominations
	  	 	15	 
	 Section 2.02.
	 	 Execution, Authentication and Delivery
	  	 	16	 
	 Section 2.03.
	 	 Initial Notes and Additional Notes
	  	 	16	 
	 Section 2.04.
	 	 Method of Payment
	  	 	17	 
	 Section 2.05.
	 	 Accrual of Interest; Defaulted Amounts; When Payment Date is Not a Business Day
	  	 	17	 
	 Section 2.06.
	 	 Registrar, Paying Agent and Exchange Agent
	  	 	18	 
	 Section 2.07.
	 	 Paying Agent and Exchange Agent to Hold Property in Trust
	  	 	19	 
	 Section 2.08.
	 	 Holder Lists
	  	 	19	 
	 Section 2.09.
	 	 Legends
	  	 	19	 
	 Section 2.10.
	 	 Transfers and Exchanges; Certain Transfer Restrictions
	  	 	20	 
	 Section 2.11.
	 	 Exchange and Cancellation of Notes to Be Exchanged or to Be Repurchased Pursuant to a Repurchase
Upon Fundamental Change or Redemption
	  	 	24	 
	 Section 2.12.
	 	 Replacement Notes
	  	 	25	 
	 Section 2.13.
	 	 Registered Holders; Certain Rights with Respect to Global Notes
	  	 	25	 
	 Section 2.14.
	 	 Cancellation
	  	 	25	 
	 Section 2.15.
	 	 Notes Held by the Company or its Affiliates
	  	 	25	 
	 Section 2.16.
	 	 Temporary Notes
	  	 	26	 
	 Section 2.17.
	 	 Outstanding Notes
	  	 	26	 
	 Section 2.18.
	 	 Repurchases by the Company
	  	 	27	 
	 Section 2.19.
	 	 CUSIP and ISIN Numbers
	  	 	27	 
		
	 Article 3. Covenants
	  	 	27	 
			
	 Section 3.01.
	 	 Payment on Notes
	  	 	27	 
	 Section 3.02.
	 	 Exchange Act Reports
	  	 	27	 
	 Section 3.03.
	 	 Compliance and Default Certificates
	  	 	28	 
	 Section 3.04.
	 	 Stay, Extension and Usury Laws
	  	 	28	 
	 Section 3.05.
	 	 Acquisition of Notes by the Company and its Affiliates
	  	 	28	 
		
	 Article 4. Repurchase and Redemption
	  	 	28	 
			
	 Section 4.01.
	 	 No Sinking Fund
	  	 	28	 
	 Section 4.02.
	 	 Right of Holders to Require the Company to Repurchase Notes upon a Fundamental Change
	  	 	29	 
	 Section 4.03.
	 	 Right of the Company to Redeem the Notes
	  	 	33	 

  
 - i - 

							
	 Article 5. Exchange
	  	 	36	 
			
	 Section 5.01.
	 	 Right to Exchange
	  	 	36	 
	 Section 5.02.
	 	 Exchange Procedures
	  	 	40	 
	 Section 5.03.
	 	 Settlement Upon Exchange
	  	 	41	 
	 Section 5.04.
	 	 Reserve and Status of Common Stock Issued Upon Exchange
	  	 	45	 
	 Section 5.05.
	 	 Adjustments to the Exchange Rate
	  	 	46	 
	 Section 5.06.
	 	 Voluntary Adjustments
	  	 	56	 
	 Section 5.07.
	 	 Adjustments to the Exchange Rate in Connection with a Make-Whole Fundamental Change
	  	 	56	 
	 Section 5.08.
	 	 Transfer of Notes to Be Exchanged to a Third Party for Settlement
	  	 	58	 
	 Section 5.09.
	 	 Effect of Common Stock Change Event
	  	 	58	 
		
	 Article 6. Successors
	  	 	60	 
			
	 Section 6.01.
	 	 When the Company May Merge, Etc.
	  	 	60	 
	 Section 6.02.
	 	 Successor Entity Substituted
	  	 	61	 
	 Section 6.03.
	 	 Exclusion for Asset Transfers with Wholly Owned Subsidiaries
	  	 	61	 
		
	 Article 7. Defaults and Remedies
	  	 	61	 
			
	 Section 7.01.
	 	 Events of Default
	  	 	61	 
	 Section 7.02.
	 	 Acceleration
	  	 	63	 
	 Section 7.03.
	 	 Sole Remedy for a Failure to Report
	  	 	64	 
	 Section 7.04.
	 	 Other Remedies
	  	 	65	 
	 Section 7.05.
	 	 Waiver of Past Defaults
	  	 	65	 
	 Section 7.06.
	 	 Control by Majority
	  	 	65	 
	 Section 7.07.
	 	 Limitation on Suits
	  	 	66	 
	 Section 7.08.
	 	 Absolute Right of Holders to Receive Payment and Exchange Consideration and to Institute Suit for
the Enforcement of such Right
	  	 	66	 
	 Section 7.09.
	 	 Collection Suit by Trustee
	  	 	66	 
	 Section 7.10.
	 	 Trustee May File Proofs of Claim
	  	 	67	 
	 Section 7.11.
	 	 Priorities
	  	 	67	 
	 Section 7.12.
	 	 Undertaking for Costs
	  	 	68	 
		
	 Article 8. Amendments, Supplements and Waivers
	  	 	68	 
			
	 Section 8.01.
	 	 Without the Consent of Holders
	  	 	68	 
	 Section 8.02.
	 	 With the Consent of Holders
	  	 	69	 
	 Section 8.03.
	 	 Notice of Amendments, Supplements and Waivers
	  	 	70	 
	 Section 8.04.
	 	 Revocation, Effect and Solicitation of Consents; Special Record Dates; Etc.
	  	 	70	 
	 Section 8.05.
	 	 Notations and Exchanges
	  	 	71	 
	 Section 8.06.
	 	 Trustee to Execute Supplemental Indentures
	  	 	71	 
		
	 Article 9. Guarantees
	  	 	72	 
			
	 Section 9.01.
	 	 Guarantees
	  	 	72	 
	 Section 9.02.
	 	 Limitation on Guarantor Liability
	  	 	73	 
	 Section 9.03.
	 	 Execution and Delivery of Guarantee
	  	 	73	 

  
 - ii - 

							
	 Section 9.04.
	 	 When the Guarantors May Merge, Etc.
	  	 	73	 
	 Section 9.05.
	 	 Future Guarantors
	  	 	75	 
	 Section 9.06.
	 	 Application of Certain Provisions to the Guarantors
	  	 	76	 
	 Section 9.07.
	 	 Release of Guarantees
	  	 	76	 
		
	 Article 10. Satisfaction and Discharge
	  	 	77	 
			
	 Section 10.01.
	 	 Termination of Company’s and Guarantors’ Obligations
	  	 	77	 
	 Section 10.02.
	 	 Repayment to Company
	  	 	77	 
	 Section 10.03.
	 	 Reinstatement
	  	 	78	 
		
	 Article 11. Trustee
	  	 	78	 
			
	 Section 11.01.
	 	 Duties of the Trustee
	  	 	78	 
	 Section 11.02.
	 	 Rights of the Trustee
	  	 	79	 
	 Section 11.03.
	 	 Individual Rights of the Trustee
	  	 	80	 
	 Section 11.04.
	 	 Trustee’s Disclaimer
	  	 	80	 
	 Section 11.05.
	 	 Notice of Defaults
	  	 	80	 
	 Section 11.06.
	 	 Compensation and Indemnity
	  	 	80	 
	 Section 11.07.
	 	 Replacement of the Trustee
	  	 	81	 
	 Section 11.08.
	 	 Successor Trustee by Merger, Etc.
	  	 	82	 
	 Section 11.09.
	 	 Eligibility; Disqualification
	  	 	82	 
		
	 Article 12. Miscellaneous
	  	 	82	 
			
	 Section 12.01.
	 	 Notices
	  	 	82	 
	 Section 12.02.
	 	 Delivery of Officer’s Certificate and Opinion of Counsel as to Conditions Precedent
	  	 	84	 
	 Section 12.03.
	 	 Statements Required in Officer’s Certificate and Opinion of Counsel
	  	 	85	 
	 Section 12.04.
	 	 Rules by the Trustee, the Registrar and the Paying Agent
	  	 	85	 
	 Section 12.05.
	 	 No Personal Liability of Directors, Officers, Employees and Stockholders
	  	 	85	 
	 Section 12.06.
	 	 Governing Law; Waiver of Jury Trial
	  	 	85	 
	 Section 12.07.
	 	 Submission to Jurisdiction
	  	 	86	 
	 Section 12.08.
	 	 No Adverse Interpretation of Other Agreements
	  	 	86	 
	 Section 12.09.
	 	 Successors
	  	 	86	 
	 Section 12.10.
	 	 Force Majeure
	  	 	86	 
	 Section 12.11.
	 	 U.S.A. PATRIOT Act
	  	 	86	 
	 Section 12.12.
	 	 Calculations
	  	 	87	 
	 Section 12.13.
	 	 Severability
	  	 	87	 
	 Section 12.14.
	 	 Counterparts
	  	 	87	 
	 Section 12.15.
	 	 Table of Contents, Headings, Etc.
	  	 	87	 
	 Section 12.16.
	 	 Withholding Taxes
	  	 	87	 
	 Section 12.17.
	 	 Trust Indenture Act Controls
	  	 	88	 

  

					
	Exhibits	  			
		
	 Exhibit A: Form of Note
	  	 	A-1	 
		
	 Exhibit B-1: Form of Global Note Legend
	  	 	B1-1	 
		
	 Exhibit B-2: Form of Affiliate Resale Legend
	  	 	B2-1	 

  
 - iii - 

 CROSS REFERENCE TABLE* 

 

			
	 Trust
Indenture
Act
Section
	  	 Indenture

Section

	 310(a)(1)
	  	N/A
	 (a)(2)
	  	N/A
	 (a)(3)
	  	N/A
	 (a)(4)
	  	N/A
	 (a)(5)
	  	N/A
	 (b)
	  	N/A
	 (c)
	  	N/A
	 311(a)
	  	N/A
	 (b)
	  	N/A
	 (c)
	  	N/A
	 312(a)
	  	2.08
	 (b)
	  	N/A
	 (c)
	  	N/A
	 313(a)
	  	N/A
	 (b)(1)
	  	N/A
	 (b)(2)
	  	N/A
	 (c)
	  	N/A
	 (d)
	  	N/A
	 314(a)
	  	3.02(A)
	 (b)
	  	N/A
	 (c)(1)
	  	12.02(A)
	 (c)(2)
	  	12.02(B)
	 (c)(3)
	  	N/A
	 (d)
	  	N/A
	 (e)
	  	12.02(A), 12.02(B)
	 (f)
	  	N/A
	 315(a)
	  	N/A
	 (b)
	  	N/A
	 (c)
	  	N/A
	 (d)
	  	N/A
	 (e)
	  	7.12
	 316(a) (last sentence)
	  	2.15
	 (a)(1)(A)
	  	7.06
	 (a)(1)(B)
	  	7.05
	 (a)(2)
	  	N/A
	 (b)
	  	7.08
	 (c)
	  	N/A
	 317(a)(1)
	  	7.09
	 (a)(2)
	  	7.10
	 (b)
	  	2.07
	 318(a)
	  	N/A
	 (b)
	  	12.17
	 (c)
	  	N/A

 N/A means not applicable. 
  

	*	 This Cross Reference Table is not part of the Indenture. 

 

 FIRST SUPPLEMENTAL INDENTURE, dated as of March 19, 2021, among Centennial
Resource Production, LLC, a Delaware limited liability company, as issuer (the “Company”), the Guarantor parties signatory hereto and UMB Bank, N.A., as trustee (the “Trustee”), to the Base Indenture (as defined
below). 
 This Supplemental Indenture (as defined below) is being executed and delivered pursuant to Article II of the Base Indenture to
establish the terms, and provide for the issuance, of a new series of Securities (as defined in the Base Indenture) constituting the Company’s 3.25% Exchangeable Senior Notes due 2028 (the “Notes”). 

Each party to this Supplemental Indenture agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the
Holders (as defined below) of the Notes. 
 Article 1.    DEFINITIONS; RULES OF CONSTRUCTION; SCOPE AND INTERPRETATION
OF BASE INDENTURE 
 Section 1.01.    DEFINITIONS. 

Subject to the last paragraph of Section 1.03, capitalized terms used in this Supplemental Indenture without
definition have the respective meanings ascribed to them in the Base Indenture. For purposes of the Notes, the following additional definitions will apply and supersede any conflicting definitions in the Base Indenture. 

“Affiliate” has the meaning set forth in Rule 144. 

“Affiliate Resale Legend” means a legend substantially in the form set forth in Exhibit
B-2. 
 “Authorized Denomination” means, with respect to a Note, a minimum
principal amount thereof equal to $1,000 or a principal amount that is any integral multiple of $1,000 in excess thereof. 

“Bankruptcy Law” means Title 11, United States Code, or any similar U.S. federal or state or
non-U.S. law for the relief of debtors. 
 “Base Indenture” means that certain
Indenture, dated as of March 19, 2021, between the Company and the Trustee. 
 “Bid Solicitation Agent” means the
Person who is required to obtain bids for the Trading Price in accordance with Section 5.01(C)(i)(2) and the definition of “Trading Price.” The initial Bid Solicitation Agent on the Issue Date will be the Company;
provided, however, that the Company may appoint any other Person (including any of the Company’s Subsidiaries) to be the Bid Solicitation Agent at any time after the Issue Date without prior notice to Holders. 

“Board of Directors” means the board of directors of the Company or the Parent Guarantor, as the context requires, or a
committee of such board duly authorized to act on behalf of such board. 

  
 - 1 - 

 “Business Day” means any day other than a Saturday, a Sunday or any day on
which the Federal Reserve Bank of New York is authorized or required by law or executive order to close or be closed. 
 “Capital
Stock” of any Person means any and all shares of, interests in, rights to purchase, warrants or options for, participations in, or other equivalents of, in each case however designated, the equity of such Person, but excluding any debt
securities convertible into or exchangeable for such equity. 
 “Close of Business” means 5:00 p.m., New York City time.

 “Common Stock” means the Class A Common Stock, $0.0001 par value per share, of the Parent Guarantor, subject to
Section 5.09. 
 “Company” means the Person named as such in the first paragraph of this
Supplemental Indenture and, subject to Article 6, its successors and assigns. 
 “Company Order” means a written
request or order signed on behalf of the Company by one (1) of its Officers and delivered to the Trustee. 
 “Covered Debt
Securities” means (A) the Existing Senior Notes; and (B) any unsecured indebtedness for borrowed money of the Company in the form of notes or convertible or exchangeable notes (other than the Notes). 

“Daily Cash Amount” means, with respect to any VWAP Trading Day, the lesser of (A) the applicable Daily Maximum Cash
Amount; and (B) the Daily Exchange Value for such VWAP Trading Day. 
 “Daily Exchange Value” means, with respect to
any VWAP Trading Day, one-fortieth (1/40th) of the product of (A) the Exchange Rate on such VWAP Trading Day; and (B) the Daily VWAP per share of Common Stock on such VWAP Trading Day. 

“Daily Maximum Cash Amount” means, with respect to the Exchange of any Note, the quotient obtained by dividing (A) the
Specified Dollar Amount applicable to such Exchange by (B) forty (40). 
 “Daily Share Amount” means, with respect to
any VWAP Trading Day, the quotient obtained by dividing (A) the excess, if any, of the Daily Exchange Value for such VWAP Trading Day over the applicable Daily Maximum Cash Amount by (B) the Daily VWAP for such VWAP Trading Day. For the
avoidance of doubt, the Daily Share Amount will be zero for such VWAP Trading Day if such Daily Exchange Value does not exceed such Daily Maximum Cash Amount. 

“Daily VWAP” means, for any VWAP Trading Day, the per share volume-weighted average price of the Common Stock as displayed
under the heading “Bloomberg VWAP” on Bloomberg page “CDEV <EQUITY> AQR” (or, if such page is not available, its equivalent 

  
 - 2 - 

 
successor page) in respect of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such VWAP Trading Day (or, if such
volume-weighted average price is unavailable, the market value of one share of Common Stock on such VWAP Trading Day, determined, using a volume-weighted average price method, by a nationally recognized independent investment banking firm selected
by the Company, which may include any of the Underwriters). The Daily VWAP will be determined without regard to after-hours trading or any other trading outside of the regular trading session. 

“Default” means any event that is (or, after notice, passage of time or both, would be) an Event of Default. 

“Default Settlement Method” means Combination Settlement with a Specified Dollar Amount of $1,000 per $1,000 principal amount
of Notes; provided, however, that (x) subject to Section 5.03(A)(iii), the Company may, from time to time, change the Default Settlement Method, to any Settlement Method that the Company is then permitted
to elect, by sending notice of the new Default Settlement Method to the Holders, the Trustee and the Exchange Agent (it being understood, for the avoidance of doubt, that no such change will affect any Settlement Method theretofore elected (or
deemed to be elected) with respect to any Note pursuant to the Indenture); and (y) the Default Settlement Method will be subject to Section 5.03(A)(ii). 

“Depositary” means The Depository Trust Company or its successor. 

“Depositary Participant” means any member of, or participant in, the Depositary. 

“Depositary Procedures” means, with respect to any Exchange, transfer, exchange or other transaction involving a Global Note
or any beneficial interest therein, the rules and procedures of the Depositary applicable to such Exchange, transfer, exchange or transaction. 

“Ex-Dividend Date” means, with respect to an issuance, dividend or distribution on
the Common Stock, the first date on which shares of Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive such issuance, dividend or distribution (including pursuant to due bills or
similar arrangements required by the relevant stock exchange). For the avoidance of doubt, any alternative trading convention on the applicable exchange or market in respect of the Common Stock under a separate ticker symbol or CUSIP number will not
be considered “regular way” for this purpose. 
 “Exchange” means, with respect to any Note, the exchange of such
note pursuant to Article 5, into Exchange Consideration. The terms “Exchanged” and “Exchangeable” have meanings correlative to the foregoing. 

“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended. 

“Exchange Date” means, with respect to a Note, the first Business Day on which the requirements set forth in
Section 5.02(A) to Exchange such Note are satisfied. 
 “Exchange Price” means, as of any time,
an amount equal to (A) one thousand dollars ($1,000) divided by (B) the Exchange Rate in effect at such time. 

  
 - 3 - 

 “Exchange Rate” initially means 159.2610 shares of Common Stock per $1,000
principal amount of Notes; provided, however, that the Exchange Rate is subject to adjustment pursuant to Article 5; provided, further, that whenever this Supplemental Indenture refers to the Exchange Rate as of a
particular date without setting forth a particular time on such date, such reference will be deemed to be to the Exchange Rate immediately after the Close of Business on such date. 

“Exchange Share” means any share of Common Stock issued or issuable upon Exchange of any Note. 

“Existing Senior Notes” means the Company’s 5.375% senior notes due 2026 and 6.875% senior notes due 2027 outstanding as
of the Issue Date. 
 “Exempted Fundamental Change” means any Fundamental Change with respect to which, in accordance with
Section 4.02(I), the Company does not offer to repurchase any Notes. 
 “Fundamental Change”
means any of the following events: 
 (A)    a “person” or “group” (within the meaning of
Section 13(d)(3) of the Exchange Act) (other than (i) the Company; (ii) any Guarantor; (iii) any of the Company’s or any Guarantor’s respective Wholly Owned Subsidiaries; or (ii) any employee benefit plans of the
Company, any Guarantor or any of the Company’s or any Guarantor’s respective Wholly Owned Subsidiaries) files any report with the SEC indicating that such person or group has become the direct or indirect “beneficial owner” (as
defined below) of shares of the Common Stock representing more than fifty percent (50%) of the voting power of all of the Company’s Common Stock; 

(B)    the consummation of (i) any sale, lease or other transfer, in one transaction or a series of transactions, of
all or substantially all of the assets of the Parent Guarantor and its Subsidiaries, taken as a whole, to any Person, other than solely to one or more of the Parent Guarantor’s Wholly Owned Subsidiaries; or (ii) any transaction or series
of related transactions in connection with which (whether by means of merger, consolidation, share exchange, combination, reclassification, recapitalization, acquisition, liquidation or otherwise) all of the Common Stock is exchanged for, converted
into, acquired for, or constitutes solely the right to receive, other securities, cash or other property; provided, however, that any merger, consolidation, share exchange or combination of the Parent Guarantor pursuant to which the
Persons that directly or indirectly “beneficially owned” (as defined below) all classes of the Parent Guarantor’s common equity immediately before such transaction directly or indirectly “beneficially own,” immediately after
such transaction, more than fifty percent (50%) of all classes of common equity of the surviving, continuing or acquiring company or other transferee, as applicable, or the parent thereof, in substantially the same proportions vis-à-vis each other as immediately before such transaction will be deemed not to be a Fundamental Change pursuant to this clause (B); 

(C)    the Parent Guarantor’s stockholders approve any plan or proposal for the liquidation or dissolution of the
Parent Guarantor; or 
 (D)    the Common Stock ceases to be listed on any of The New York Stock Exchange, The Nasdaq
Capital Market, The Nasdaq Global Market, The Nasdaq Global Select Market (or any of their respective successors); 

  
 - 4 - 

 provided, however, that a transaction or event described in clause (A) or
(B) above will not constitute a Fundamental Change if at least ninety percent (90%) of the consideration received or to be received by the holders of Common Stock (excluding cash payments for fractional shares or pursuant to dissenters
rights), in connection with such transaction or event, consists of shares of common stock or other corporate common equity interests listed (or depositary receipts representing shares of common stock or other corporate common equity interests, which
depositary receipts are listed) on any of The New York Stock Exchange, The Nasdaq Capital Market, The Nasdaq Global Market or The Nasdaq Global Select Market (or any of their respective successors), or that will be so listed when issued or exchanged
in connection with such transaction or event, and such transaction or event constitutes a Common Stock Change Event whose Reference Property consists of such consideration. 

For the avoidance of doubt, references in this definition to the Parent Guarantor, the Common Stock and the Parent Guarantor’s
“common equity” will be subject to (x) Section 9.04, (y) Section 9.07 and (z) Section 5.09(A)(1)(III). 

For the purposes of this definition, (x) any transaction or event described in both clause (A) and in clause (B)(i) or
(ii) above (without regard to the proviso in clause (B)) will be deemed to occur solely pursuant to clause (B) above (subject to such proviso); and (y) whether a Person is a “beneficial owner,”
whether shares are “beneficially owned,” and percentage beneficial ownership, will be determined in accordance with Rule 13d-3 under the Exchange Act. 

“Fundamental Change Repurchase Date” means the date fixed for the repurchase of any Notes by the Company pursuant to a
Repurchase Upon Fundamental Change. 
 “Fundamental Change Repurchase Notice” means a notice (including a notice
substantially in the form of the “Fundamental Change Repurchase Notice” set forth in Exhibit A) containing the information, or otherwise complying with the requirements, set forth in Section 4.02(F)(i) and
Section 4.02(F)(ii). 
 “Fundamental Change Repurchase Price” means the cash price payable by the
Company to repurchase any Note upon its Repurchase Upon Fundamental Change, calculated pursuant to Section 4.02(D). 

“Global Note” means a Note that is represented by a certificate substantially in the form set forth in Exhibit
A, registered in the name of the Depositary or its nominee, duly executed by the Company and authenticated by the Trustee, and deposited with the Trustee, as custodian for the Depositary. 

“Global Note Legend” means a legend substantially in the form set forth in Exhibit
B-1. 
 “Guarantee” means the guarantee by each Guarantor of the Company’s
obligations under the Indenture (as it relates to the Notes) and the Notes pursuant to Article 9. 

  
 - 5 - 

 “Guarantors” mean the Parent Guarantor and the Subsidiary Guarantors. 

“Holder” means a person in whose name a Note is registered on the Registrar’s books. 

“Indenture” means the Base Indenture, as amended by this Supplemental Indenture, and as the same may be further amended or
supplemented from time to time in accordance with the terms hereof. 
 “Interest Payment Date” means, with respect to a
Note, each April 1 and October 1 of each year, commencing on October 1, 2021 (or commencing on such other date specified in the certificate representing such Note). For the avoidance of doubt, the Maturity Date is an Interest Payment
Date. 
 “Issue Date” means March 19, 2021. 

“Last Reported Sale Price” of the Common Stock for any Trading Day means the closing sale price per share (or, if no closing
sale price is reported, the average of the last bid price and the last ask price per share or, if more than one in either case, the average of the average last bid prices and the average last ask prices per share) of Common Stock on such Trading Day
as reported in composite transactions for the principal U.S. national or regional securities exchange on which the Common Stock is then listed. If the Common Stock is not listed on a U.S. national or regional securities exchange on such Trading Day,
then the Last Reported Sale Price will be the last quoted bid price per share of Common Stock on such Trading Day in the over-the-counter market as reported by OTC
Markets Group Inc. or a similar organization. If the Common Stock is not so quoted on such Trading Day, then the Last Reported Sale Price will be the average of the mid-point of the last bid price and the last
ask price per share of Common Stock on such Trading Day from a nationally recognized independent investment banking firm selected by the Company, which may include any of the Underwriters. Neither the Trustee nor the Exchange Agent will have any
duty to determine the Last Reported Sale Price. 
 “Make-Whole Fundamental Change” means (A) a Fundamental Change
(determined after giving effect to the proviso immediately after clause (D) of the definition thereof, but without regard to the proviso to clause (B)(ii) of such definition); or (B) the sending of a Redemption Notice
pursuant to Section 4.03(F); provided, however, that, subject to Section 4.03(I), the sending of a Redemption Notice will constitute a Make-Whole Fundamental Change only with respect
to the Notes called for Redemption pursuant to such Redemption Notice and not with respect to any other Notes. 
 “Make-Whole
Fundamental Change Exchange Period” has the following meaning: 
 (A)    in the case of a Make-Whole
Fundamental Change pursuant to clause (A) of the definition thereof, the period from, and including, the Make-Whole Fundamental Change Effective Date of such Make-Whole Fundamental Change to, and including, the thirty fifth (35th)
Trading Day after such Make-Whole Fundamental Change Effective Date (or, if such Make-Whole Fundamental Change also constitutes a Fundamental Change (other than an Exempted Fundamental Change), to, but excluding, the related Fundamental Change
Repurchase Date); and 

  
 - 6 - 

 (B)    in the case of a Make-Whole Fundamental Change pursuant to
clause (B) of the definition thereof, the period from, and including, the Redemption Notice Date for the related Redemption to, and including, the second (2nd) Business Day immediately before the related Redemption Date; 

provided, however, that if the Exchange Date for the Exchange of a Note that has been called (or deemed, pursuant to
Section 4.03(I), to be called) for Redemption occurs during the Make-Whole Fundamental Change Exchange Period for both a Make-Whole Fundamental Change occurring pursuant to clause (A) of the definition of
“Make-Whole Fundamental Change” and a Make-Whole Fundamental Change resulting from such Redemption pursuant to clause (B) of such definition, then, notwithstanding anything to the contrary in
Section 5.07, solely for purposes of such Exchange, (x) such Exchange Date will be deemed to occur solely during the Make-Whole Fundamental Change Exchange Period for the Make-Whole Fundamental Change with the earlier
Make-Whole Fundamental Change Effective Date; and (y) the Make-Whole Fundamental Change with the later Make-Whole Fundamental Change Effective Date will be deemed not to have occurred. 

“Make-Whole Fundamental Change Effective Date” means (A) with respect to a Make-Whole Fundamental Change pursuant to
clause (A) of the definition thereof, the date on which such Make-Whole Fundamental Change occurs or becomes effective; and (B) with respect to a Make-Whole Fundamental Change pursuant to clause (B) of the definition
thereof, the applicable Redemption Notice Date. 
 “Market Disruption Event” means, with respect to any date, the
occurrence or existence, during the one-half hour period ending at the scheduled close of trading on such date on the principal U.S. national or regional securities exchange or other market on which the Common
Stock is listed for trading or trades, of any material suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise) in the Common Stock or in any options contracts or
futures contracts relating to the Common Stock. 
 “Maturity Date” means April 1, 2028. 

“Note Agent” means any Registrar, Paying Agent or Exchange Agent. 

“Notes” means the 3.25% Exchangeable Senior Notes due 2028 issued by the Company pursuant to this Supplemental Indenture.

 “Observation Period” means, with respect to any Note to be Exchanged, (A) subject to clause (B) below,
if the Exchange Date for such Note occurs before January 3, 2028, the forty (40) consecutive VWAP Trading Days beginning on, and including, the third (3rd) VWAP Trading Day immediately after such Exchange Date; (B) if such Exchange
Date occurs on or after the date the Company has sent a Redemption Notice calling all or any Notes for Redemption pursuant to Section 4.03(F) and on or before the second (2nd) Business Day before the related Redemption
Date, the forty (40) consecutive VWAP Trading Days beginning on, and including, the forty first 

  
 - 7 - 

 
(41st) Scheduled Trading Day immediately before such Redemption Date; and (C) subject to clause (B) above, if such Exchange Date occurs on or after January 3, 2028, the
forty (40) consecutive VWAP Trading Days beginning on, and including, the forty first (41st) Scheduled Trading Day immediately before the Maturity Date. 

“Officer” means the Chairman of the Board of Directors, the Chief Executive Officer, the President, the Chief Operating
Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary or any Vice-President of the Company. 

“Officer’s Certificate” means a certificate that is signed on behalf of the Company by one (1) of its Officers and
that meets the requirements of Section 12.03. 
 “Open of Business” means 9:00 a.m., New York
City time. 
 “Opinion of Counsel” means an opinion, from legal counsel (including an employee of, or counsel to, the
Company or any of its Subsidiaries) reasonably acceptable to the Trustee, that meets the requirements of Section 12.03, subject to customary qualifications and exclusions. 

“Parent Guarantor” means Centennial Resource Development, Inc. and, subject to 9.04 and 9.07, its successors
and assigns. 
 “Person” or “person” means any individual, corporation, partnership, limited liability
company, joint venture, association, joint-stock company, trust, unincorporated organization or government or other agency or political subdivision thereof. Any division or series of a limited liability company, limited partnership or trust will
constitute a separate “person” under the Indenture. 
 “Physical Note” means a Note (other than a Global Note)
that is represented by a certificate substantially in the form set forth in Exhibit A, registered in the name of the Holder of such Note and duly executed by the Company and authenticated by the Trustee. 

“Redemption” means the repurchase of any Note by the Company pursuant to Section 4.03. 

“Redemption Date” means the date fixed, pursuant to Section 4.03(D), for the settlement of the
repurchase of any Notes by the Company pursuant to a Redemption. 
 “Redemption Notice Date” means, with respect to a
Redemption, the date on which the Company sends the Redemption Notice for such Redemption pursuant to Section 4.03(F). 

“Redemption Price” means the cash price payable by the Company to redeem any Note upon its Redemption, calculated pursuant to
Section 4.03(E). 
 “Regular Record Date” has the following meaning with respect to an Interest
Payment Date: (A) if such Interest Payment Date occurs on April 1, the immediately preceding March 15; (whether or not a Business Day) and (B) if such Interest Payment Date occurs on October 1, the immediately preceding
September 15 (whether or not a Business Day). 

  
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 “Repurchase Upon Fundamental Change” means the repurchase of any Note by
the Company pursuant to Section 4.02. 
 “Responsible Officer” means (A) any officer within
the Corporate Trust Services of the Trustee (or any successor group of the Trustee) or any other officer of the Trustee customarily performing functions similar to those performed by any of such officers; and (B) with respect to a particular
corporate trust matter, any other officer to whom such matter is referred because of his or her knowledge of, and familiarity with, the particular subject. 

“Rule 144” means Rule 144 under the Securities Act (or any successor rule thereto), as the same may be amended from time to
time. 
 “Scheduled Trading Day” means any day that is scheduled to be a Trading Day on the principal U.S. national or
regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, on the principal other market on which the Common Stock is then traded. If the
Common Stock is not so listed or traded, then “Scheduled Trading Day” means a Business Day. 
 “SEC” means the
U.S. Securities and Exchange Commission. 
 “Securities Act” means the U.S. Securities Act of 1933, as amended. 

“Security” means any Note or Exchange Share. 

“Settlement Method” means Cash Settlement, Combination Settlement or Physical Settlement. 

“Shoe Option” means the Underwriters’ option to purchase up to twenty two million five hundred thousand dollars
($22,500,000) aggregate principal amount of additional Notes as provided for in the Underwriting Agreement. 
 “Significant
Subsidiary” means, with respect to any Person, any Subsidiary of such Person that constitutes a “significant subsidiary” (as defined in Rule 1-02(w) of Regulation S-X under the Exchange Act) of such Person; provided, however, that, if a Subsidiary meets the criteria of clause (1)(iii), but not clause (1)(i) or (1)(ii), of the definition of “significant
subsidiary” in Rule 1-02(w) (or, if applicable, the respective successor clauses to the aforementioned clauses), then such Subsidiary will be deemed not to be a Significant Subsidiary unless such
Subsidiary’s income from continuing operations before income taxes, exclusive of amounts attributable to any non-controlling interests, for the last completed fiscal year before the date of determination
exceeds thirty five million dollars ($35,000,000). 
 “Special Interest” means any interest that accrues on any Note
pursuant to Section 7.03. 
 “Specified Dollar Amount” means, with respect to the Exchange of a
Note to which Combination Settlement applies, the maximum cash amount per $1,000 principal amount of such Note deliverable upon such Exchange (excluding cash in lieu of any fractional share of Common Stock). 

  
 - 9 - 

 “Stock Price” has the following meaning for any Make-Whole Fundamental
Change: (A) if the holders of Common Stock receive only cash in consideration for their shares of Common Stock in such Make-Whole Fundamental Change and such Make-Whole Fundamental Change is pursuant to clause (B) of the definition
of “Fundamental Change,” then the Stock Price is the amount of cash paid per share of Common Stock in such Make-Whole Fundamental Change; and (B) in all other cases, the Stock Price is the average of the Last Reported Sale Prices per
share of Common Stock for the five (5) consecutive Trading Days ending on, and including, the Trading Day immediately before the Make-Whole Fundamental Change Effective Date of such Make-Whole Fundamental Change. 

“Subsidiary” means, with respect to any Person, (A) any corporation, association or other business entity (other than a
partnership or limited liability company) of which more than fifty percent (50%) of the total voting power of the Capital Stock entitled (without regard to the occurrence of any contingency, but after giving effect to any voting agreement or
stockholders’ agreement that effectively transfers voting power) to vote in the election of directors, managers or trustees, as applicable, of such corporation, association or other business entity is owned or controlled, directly or
indirectly, by such Person or one or more of the other Subsidiaries of such Person; and (B) any partnership or limited liability company where (i) more than fifty percent (50%) of the capital accounts, distribution rights, equity and
voting interests, or of the general and limited partnership interests, as applicable, of such partnership or limited liability company are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of such
Person, whether in the form of membership, general, special or limited partnership or limited liability company interests or otherwise; and (ii) such Person or any one or more of the other Subsidiaries of such Person is a controlling general
partner of, or otherwise controls, such partnership or limited liability company. 
 “Subsidiary Guarantors” means
(A) Atlantic Exploration, LLC, Centennial Resource Management, LLC and each other Person that becomes a Subsidiary Guarantor by executing an amended or supplemental indenture pursuant to Sections 8.01(B), 9.03 or
9.04(B)(i); and (B) subject to 9.04 and 9.07, the successors and assigns of the foregoing; provided, however, that a Subsidiary Guarantor will be deemed to cease to be a Subsidiary Guarantor from and after the
release of such Subsidiary Guarantor’s Guarantee pursuant to Section 9.04 or 9.07. 

“Supplemental Indenture” means this Supplemental Indenture, as amended or supplemented from time to time. 

“Trading Day” means any day on which (A) trading in the Common Stock generally occurs on the principal U.S. national or
regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, on the principal other market on which the Common Stock is then traded; and
(B) there is no Market Disruption Event. If the Common Stock is not so listed or traded, then “Trading Day” means a Business Day. 

  
 - 10 - 

 “Trading Price” of the Notes on any Trading Day means the average of the
secondary market bid quotations, expressed as a cash amount per $1,000 principal amount of Notes, obtained by the Bid Solicitation Agent for five million dollars ($5,000,000) (or such lesser amount as may then be outstanding) in principal amount of
Notes at approximately 3:30 p.m., New York City time, on such Trading Day from three (3) nationally recognized independent securities dealers selected by the Company, which may include any of the Underwriters; provided, however,
that, if three (3) such bids cannot reasonably be obtained by the Bid Solicitation Agent but two (2) such bids are obtained, then the average of the two (2) bids will be used, and if only one (1) such bid can reasonably be
obtained by the Bid Solicitation Agent, then that one (1) bid will be used. If, on any Trading Day, (A) the Bid Solicitation Agent cannot reasonably obtain at least one (1) bid for five million dollars ($5,000,000) (or such lesser
amount as may then be outstanding) in principal amount of Notes from a nationally recognized independent securities dealer; (B) the Company is not acting as the Bid Solicitation Agent and the Company fails to instruct the Bid Solicitation Agent
to obtain bids when required; or (C) the Bid Solicitation Agent fails to solicit bids when required, then, in each case, the Trading Price per $1,000 principal amount of Notes on such Trading Day will be deemed to be less than ninety eight
percent (98%) of the product of the Last Reported Sale Price per share of Common Stock on such Trading Day and the Exchange Rate on such Trading Day. 

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

“Trustee” means the Person named as such in the first paragraph of this Supplemental Indenture until a successor replaces it
in accordance with the provisions of the Indenture and, thereafter, means such successor. 
 “Underwriters” means Citigroup
Global Markets Inc., J.P Morgan Securities LLC, Jefferies LLC, Comerica Securities, Inc., RBC Capital Markets, LLC, Capital One Securities, Inc., CIBC World Markets Corp., Fifth Third Securities, Inc., KeyBanc Capital Markets Inc., PNC Capital
Markets LLC and U.S. Bancorp Investments, Inc. 
 “Underwriting Agreement” means that certain Underwriting Agreement, dated
March 16, 2021, among the Company, the Guarantors and the Underwriters. 
 “VWAP Market Disruption Event” means, with
respect to any date, (A) the failure by the principal U.S. national or regional securities exchange on which the Common Stock is then listed, or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, the
principal other market on which the Common Stock is then traded, to open for trading during its regular trading session on such date; or (B) the occurrence or existence, for more than one half hour period in the aggregate, of any suspension or
limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common Stock, and such suspension
or limitation occurs or exists at any time before 1:00 p.m., New York City time, on such date. 

  
 - 11 - 

 “VWAP Trading Day” means a day on which (A) there is no VWAP Market
Disruption Event; and (B) trading in the Common Stock generally occurs on the principal U.S. national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S. national or
regional securities exchange, on the principal other market on which the Common Stock is then traded. If the Common Stock is not so listed or traded, then “VWAP Trading Day” means a Business Day. 

“Wholly Owned Subsidiary” of a Person means any Subsidiary of such Person, determined by reference to the definition of
“Subsidiary” above but with each reference therein to “more than fifty percent (50%)” deemed to be replaced with “one hundred percent (100%) for purposes of this definition; provided, however, that
directors’ qualifying shares will be disregarded for purposes of determining whether any Person is a Wholly Owned Subsidiary of another Person. 

Section 1.02.    OTHER DEFINITIONS. 

 

					
	 Term
	  	Defined in
Section	 
	 “Additional Shares”
	  	 	5.07(A)	 
	 “Business Combination Event”
	  	 	6.01(A)	 
	 “Cash Settlement”
	  	 	5.03(A)	 
	 “Combination Settlement”
	  	 	5.03(A)	 
	 “Common Stock Change Event”
	  	 	5.09(A)	 
	 “Exchange Agent”
	  	 	2.06(A)	 
	 “Default Interest”
	  	 	2.05(B)	 
	 “Defaulted Amount”
	  	 	2.05(B)	 
	 “Event of Default”
	  	 	7.01(A)	 
	 “Exchange Consideration”
	  	 	5.03(B)	 
	 “Expiration Date”
	  	 	5.05(A)(v)	 
	 “Expiration Time”
	  	 	5.05(A)(v)	 
	 “Fundamental Change Notice”
	  	 	4.02(E)	 
	 “Fundamental Change Repurchase Right”
	  	 	4.02(A)	 
	 “Guaranteed Obligations”
	  	 	9.04(A)(i)	 
	 “Initial Notes”
	  	 	2.03(A)	 
	 “Measurement Period”
	  	 	5.01(C)(i)(2)	 
	 “Parent Guarantor Business Combination Event”
	  	 	9.04(B)(i)	 
	 “Partial Redemption Limitation”
	  	 	4.03(J)	 
	 “Paying Agent”
	  	 	2.06(A)	 
	 “Physical Settlement”
	  	 	5.03(A)	 
	 “Redemption Notice”
	  	 	4.03(F)	 
	 “Reference Property”
	  	 	5.09(A)	 
	 “Reference Property Unit”
	  	 	5.09(A)	 
	 “Register”
	  	 	2.06(B)	 
	 “Registrar”
	  	 	2.06(A)	 
	 “Reporting Event of Default”
	  	 	7.03(A)	 
	 “Specified Courts”
	  	 	12.07	 
	 “Spin-Off”
	  	 	5.05(A)(iii)(2)	 

  
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	 “Spin-Off Valuation Period”
	  	 	5.05(A)(iii)(2)	 
	 “Stated Interest”
	  	 	2.05(A)	 
	 “Subsidiary Guarantor Business Combination Event”
	  	 	9.04(A)(i)	 
	 “Successor Entity”
	  	 	6.01(A)	 
	 “Successor Person”
	  	 	5.09(A)	 
	 “Successor Parent Guarantor Entity”
	  	 	9.04(B)(i)(1)(b)	 
	 “Successor Subsidiary Guarantor Entity”
	  	 	9.04(A)(i)(1)(b)	 
	 “Tender/Exchange Offer Valuation Period”
	  	 	5.05(A)(v)	 
	 “Trading Price Condition”
	  	 	5.01(C)(i)(2)	 

 Section 1.03.    RULES OF CONSTRUCTION. 

For purposes of the Indenture: 

(A)    “or” is not exclusive; 

(B)    “including” means “including without limitation”; 

(C)    “will” expresses a command; 

(D)    the “average” of a set of numerical values refers to the arithmetic average of such numerical values;

 (E)    a merger involving, or a transfer of assets by, a limited liability company, limited partnership or trust will
be deemed to include any division of or by, or an allocation of assets to a series of, such limited liability company, limited partnership or trust, or any unwinding of any such division or allocation; 

(F)    words in the singular include the plural and in the plural include the singular, unless the context requires
otherwise; 
 (G)    “herein,” “hereof” and other words of similar import refer to this Supplemental
Indenture as a whole and not to any particular Article, Section or other subdivision of this Supplemental Indenture, unless the context requires otherwise; 

(H)    each Article, Section, clause or paragraph reference in this Supplemental Indenture that is in bolded typeface
refers to the referenced Article, Section, clause or paragraph, as applicable, of this Supplemental Indenture; 

(I)    references to currency mean the lawful currency of the United States of America, unless the context requires
otherwise; 
 (J)    the exhibits, schedules and other attachments to this Supplemental Indenture are deemed to form
part of this Supplemental Indenture; and 
 (K)    the term “interest,” when used with respect to a
Note, includes any Special Interest or Default Interest, in each case to the extent the same is payable on the Notes, unless the context requires otherwise. 

  
 - 13 - 

 For purposes of the Indenture, the following terms of the Trust Indenture Act have the
following meanings: 
 (i)    “Commission” means the SEC; 

(ii)    “indenture securities” means the Notes; 

(iii)    “indenture security holder” means a Holder; 

(iv)    “indenture to be qualified” means the Indenture; 

(v)    “indenture trustee” or “institutional trustee” means the Trustee; and 

(vi)    “obligor” on the indenture securities means the Company. 

All other terms used in the Indenture that are defined by the Trust Indenture Act (including by reference to another statute) or the related
rules of the SEC, and not defined in the Indenture, have the respective meanings so defined by the Trust Indenture Act or such rules. 

Section 1.04.    INTERPRETATION; SCOPE OF SUPPLEMENTAL
INDENTURE; SUPERSESSION OF BASE INDENTURE. 

(A)    Generally. The amendments to the Base Indenture made by this Supplemental Indenture will apply solely with
respect to the Notes and not with respect to any other class or series of Securities. For purposes of the Notes, if any provision of this Supplemental Indenture conflicts with any provision of the Base Indenture, then this Supplemental Indenture
will control to the extent of such conflict. 
 (B)    Applicability of Base Indenture. Without limiting
Section 1.04(A), for purposes of the Notes: 
 (i)    Article II of the Base
Indenture will not apply to the Notes and will instead be deemed to be replaced with Article 2 of this Supplemental Indenture; 

(ii)    Section 4.2 of the Base Indenture will not apply to the Notes and will instead be deemed to be
replaced with Section 3.02 of this Supplemental Indenture; 
 (iii)    Section
4.3 of the Base Indenture will not apply to the Notes and will instead be deemed to be replaced with Section 3.03 of this Supplemental Indenture; 

(iv)    Section 4.4 of the Base Indenture will not apply to the Notes and will instead be deemed to be
replaced with Section 3.04 of this Supplemental Indenture; 
 (v)    Article
III of the Base Indenture will not apply to the Notes and will instead be deemed to be replaced with Section 4.03 of this Supplemental Indenture; 

(vi)    Article V of the Base Indenture will not apply to the Notes and will instead be deemed to be
replaced with Article 6 of this Supplemental Indenture; 

  
 - 14 - 

 (vii)    Article VI of the Base Indenture will not apply
to the Notes and will instead be deemed to be replaced with Article 7; 
 (viii)    Article IX of
the Base Indenture will not apply to the Notes and will instead be deemed to be replaced with Article 8 of this Supplemental Indenture; 

(ix)    Article VIII of the Base Indenture will not apply to the Notes and will instead be deemed to be
replaced with Article 10 of this Supplemental Indenture; 
 (x)    Article VII of the Base
Indenture will not apply to the Notes and will instead be deemed to be replaced with Article 11 of this Supplemental Indenture; 

(xi)    Article X of the Base Indenture will not apply to the Notes and will instead be deemed to be
replaced with Article 12 of this Supplemental Indenture; 
 Each reference in the Base Indenture to any Articles or Sections (or part
of any Articles or Sections) of the Base Indenture referred to in the preceding clauses of this Section 1.04(B) will, for purposes of the Notes, be deemed instead to be a reference to the respective Articles and
Sections (or corresponding part of the respective Articles or Sections) referred to in the preceding clauses of this Section 1.04(B). 

Article 2.    THE NOTES 

Section 2.01.    FORM, DATING AND DENOMINATIONS. 

The Notes and the Trustee’s certificate of authentication will be substantially in the form set forth in Exhibit A. The Notes will
bear the legends required by Section 2.09 and may bear notations, legends or endorsements required by law, stock exchange rule or usage or the Depositary. Each Note will be dated as of the date of its authentication. 

Except to the extent otherwise provided in a Company Order delivered to the Trustee in connection with the issuance and authentication
thereof, the Notes will be issued initially in the form of one or more Global Notes. Global Notes may be exchanged for Physical Notes, and Physical Notes may be exchanged for Global Notes, only as provided in Section 2.10.

 The Notes will be issuable only in registered form without interest coupons and only in Authorized Denominations. 

Each certificate representing a Note will bear a unique registration number that is not affixed to any other certificate representing another
outstanding Note. 
 The terms contained in the Notes constitute part of this Supplemental Indenture, and, to the extent applicable, the
Company and the Trustee, by their execution and delivery of this Supplemental Indenture, agree to such terms and to be bound thereby; provided, however, that, to the extent that any provision of any Note conflicts with the provisions
of the Indenture, the provisions of the Indenture will control for purposes of the Indenture and such Note. 

  
 - 15 - 

 Section 2.02.    EXECUTION, AUTHENTICATION
AND DELIVERY. 
 (A)    Due Execution by the Company. At least one (1) duly
authorized Officer will sign the Notes on behalf of the Company by manual or facsimile signature. A Note’s validity will not be affected by the failure of any Officer whose signature is on any Note to hold, at the time such Note is
authenticated, the same or any other office at the Company. 
 (B)    Authentication by the Trustee and Delivery.

 (i)    No Note will be valid until it is authenticated by the Trustee. A Note will be deemed to be
duly authenticated only when an authorized signatory of the Trustee (or a duly appointed authenticating agent) manually signs the certificate of authentication of such Note. 

(ii)    The Trustee will cause an authorized signatory of the Trustee (or a duly appointed authenticating
agent) to manually sign the certificate of authentication of a Note only if (1) the Company delivers such Note to the Trustee; (2) such Note is executed by the Company in accordance with Section 2.02(A); and
(3) the Company delivers a Company Order to the Trustee that (a) requests the Trustee to authenticate such Note; and (b) sets forth the name of the Holder of such Note and the date as of which such Note is to be authenticated. If such
Company Order also requests the Trustee to deliver such Note to any Holder or to the Depositary, then the Trustee will promptly deliver such Note in accordance with such Company Order. 

(iii)    The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Notes. A
duly appointed authenticating agent may authenticate Notes whenever the Trustee may do so under the Indenture, and a Note authenticated as provided in the Indenture by such an agent will be deemed, for purposes of the Indenture, to be authenticated
by the Trustee. Each duly appointed authenticating agent will have the same rights to deal with the Company as the Trustee would have if it were performing the duties that the authentication agent was validly appointed to undertake. 

Section 2.03.    INITIAL NOTES AND ADDITIONAL NOTES.

 (A)    Initial Notes. On the Issue Date, there will be originally issued one hundred fifty million dollars
($150,000,000) aggregate principal amount of Notes, subject to the provisions of the Indenture (including Section 2.02). If the Underwriters exercise the Shoe Option, then there will be originally issued up to an additional
twenty two million five hundred thousand dollars ($22,500,000) principal amount of Notes pursuant to such exercise, subject to the provisions of the Indenture (including Section 2.02). Notes issued pursuant to this
Section 2.03(A), and any Notes issued in exchange therefor or in substitution thereof, are referred to in the Indenture as the “Initial Notes.” 

(B)    Additional Notes. Without the consent of any Holder, the Company may, subject to the provisions of the
Indenture (including Section 2.02), originally issue additional Notes with the same terms as the Initial Notes (except, to the extent applicable, with respect to the date as of which interest begins to accrue on such
additional Notes and the first Interest Payment Date), which additional Notes will, subject to the foregoing, be considered to be part of the same series of, and 

  
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rank equally and ratably with all other, Notes issued under this Supplemental Indenture; provided, however, that if any such additional Notes (and any Notes that are resold after
such Notes have been purchased or otherwise acquired by the Company or its Subsidiaries) are not fungible with other Notes issued under this Supplemental Indenture for purposes of federal income tax or federal securities laws or, if applicable, the
Depositary Procedures, then such additional Notes will be identified by a separate CUSIP number or by no CUSIP number. 

Section 2.04.    METHOD OF PAYMENT. 

(A)    Global Notes. The Company will pay, or cause the Paying Agent to pay, the principal (whether due upon
maturity on the Maturity Date, Redemption on a Redemption Date or repurchase on a Fundamental Change Repurchase Date or otherwise) of, interest on, and any cash Exchange Consideration for, any Global Note to the Depositary by wire transfer of
immediately available funds no later than the time the same is due as provided in the Indenture. 
 (B)    Physical
Notes. The Company will pay, or cause the Paying Agent to pay, the principal (whether due upon maturity on the Maturity Date, Redemption on a Redemption Date or repurchase on a Fundamental Change Repurchase Date or otherwise) of, interest on,
and any cash Exchange Consideration for, any Physical Note no later than the time the same is due as provided in the Indenture as follows: (i) if the principal amount of such Physical Note is at least five million dollars ($5,000,000) (or such
lower amount as the Company may choose in its sole and absolute discretion) and the Holder of such Physical Note entitled to such payment has delivered to the Paying Agent or the Trustee, no later than the time set forth in the immediately following
sentence, a written request that the Company make such payment by wire transfer to an account of such Holder within the United States, by wire transfer of immediately available funds to such account; and (ii) in all other cases, by check mailed
to the address of the Holder of such Physical Note entitled to such payment as set forth in the Register. To be timely, such written request must be so delivered no later than the Close of Business on the following date: (x) with respect to the
payment of any interest due on an Interest Payment Date, the immediately preceding Regular Record Date; (y) with respect to any cash Exchange Consideration, the relevant Exchange Date; and (z) with respect to any other payment, the date
that is fifteen (15) calendar days immediately before the date such payment is due. 

Section 2.05.    ACCRUAL OF INTEREST; DEFAULTED
AMOUNTS; WHEN PAYMENT DATE IS NOT A BUSINESS DAY. 

(A)    Accrual of Interest. Each Note will accrue interest at a rate per annum equal to 3.25% (the “Stated
Interest”), plus any Special Interest that may accrue pursuant to Section 7.03. Stated Interest on each Note will (i) accrue from, and including, the most recent date to which Stated Interest has been paid or duly
provided for (or, if no Stated Interest has theretofore been paid or duly provided for, the date set forth in the certificate representing such Note as the date from, and including, which Stated Interest will begin to accrue in such circumstance)
to, but excluding, the date of payment of such Stated Interest; and (ii) be, subject to Sections 4.02(D), 4.03(E) and 5.02(D) (but without duplication of any payment of interest), payable semi-annually in arrears on
each Interest Payment Date, beginning on the first Interest Payment Date set forth in the certificate representing such Note, to the Holder of such Note as of the Close of Business on the immediately preceding Regular Record Date. Stated Interest,
and, if applicable, Special Interest, on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months. 

  
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 (B)    Defaulted Amounts. If the Company fails to pay any amount
(a “Defaulted Amount”) payable on a Note on or before the due date therefor as provided in the Indenture, then, regardless of whether such failure constitutes an Event of Default, (i) such Defaulted Amount will forthwith cease to be
payable to the Holder of such Note otherwise entitled to such payment; (ii) to the extent lawful, interest (“Default Interest”) will accrue on such Defaulted Amount at a rate per annum equal to the rate per annum at which Stated
Interest accrues, from, and including, such due date to, but excluding, the date of payment of such Defaulted Amount and Default Interest; (iii) such Defaulted Amount and Default Interest will be paid on a payment date selected by the Company to the
Holder of such Note as of the Close of Business on a special record date selected by the Company, provided that such special record date must be no more than fifteen (15), nor less than ten (10), calendar days before such payment date; and
(iv) at least fifteen (15) calendar days before such special record date, the Company will send notice to the Trustee and the Holders that states such special record date, such payment date and the amount of such Defaulted Amount and Default
Interest to be paid on such payment date. 
 (C)    Delay of Payment when Payment Date is Not a Business Day. If
the due date for a payment on a Note as provided in the Indenture is not a Business Day, then, notwithstanding anything to the contrary in the Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest
will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be
deemed not to be a “Business Day.” 
 Section 2.06.    REGISTRAR, PAYING AGENT
AND EXCHANGE AGENT. 
 (A)    Generally. The Company will
maintain (i) an office or agency in the continental United States where Notes may be presented for registration of transfer or for exchange (the “Registrar”); (ii) an office or agency in the continental United States where Notes may
be presented for payment (the “Paying Agent”); and (iii) an office or agency in the continental United States where Notes may be presented for Exchange (the “Exchange Agent”). If the Company fails to maintain a
Registrar, Paying Agent or Exchange Agent, then the Trustee will act as such. For the avoidance of doubt, the Company or any of its Subsidiaries may act as Registrar, Paying Agent or Exchange Agent. 

(B)    Duties of the Registrar. The Registrar will keep a record (the “Register”) of the names and
addresses of the Holders, the Notes held by each Holder and the transfer, exchange, repurchase, Redemption and Exchange of Notes. Absent manifest error, the entries in the Register will be conclusive and the Company and the Trustee may treat each
Person whose name is recorded as a Holder in the Register as a Holder for all purposes. The Register will be in written form or in any form capable of being converted into written form reasonably promptly. 

(C)    Co-Agents; Company’s Right to Appoint Successor Registrars, Paying
Agents and Exchange Agents. The Company may appoint one or more co-Registrars, co-Paying Agents and co-Exchange Agents, each
of whom will be deemed to be a Registrar, Paying Agent or Exchange 

  
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Agent, as applicable, under the Indenture. Subject to Section 2.06(A), the Company may change any Registrar, Paying Agent or Exchange Agent (including appointing itself
or any of its Subsidiaries to act in such capacity) without notice to any Holder. The Company will notify the Trustee (and, upon request, any Holder) of the name and address of each Note Agent, if any, not a party to the Indenture and will enter
into an appropriate agency agreement with each such Note Agent, which agreement will implement the provisions of the Indenture that relate to such Note Agent. 

(D)    Initial Appointments. The Company appoints the Trustee as the initial Paying Agent, the initial Registrar
and the initial Exchange Agent. 
 Section 2.07.    PAYING AGENT AND
EXCHANGE AGENT TO HOLD PROPERTY IN TRUST. 

The Company will require each Paying Agent or Exchange Agent that is not the Trustee to agree in writing that such Note Agent will
(A) hold in trust for the benefit of Holders or the Trustee all money and other property held by such Note Agent for payment or delivery due on the Notes; and (B) notify the Trustee of any default by the Company in making any such payment
or delivery. The Company, at any time, may, and the Trustee, while any Default continues, may, require a Paying Agent or Exchange Agent to pay or deliver, as applicable, all money and other property held by it to the Trustee, after which payment or
delivery, as applicable, such Note Agent (if not the Company or any of its Subsidiaries) will have no further liability for such money or property. If the Company or any of its Subsidiaries acts as Paying Agent or Exchange Agent, then (A) it
will segregate and hold in a separate trust fund for the benefit of the Holders or the Trustee all money and other property held by it as Paying Agent or Exchange Agent; and (B) references in the Indenture or the Notes to the Paying Agent or
Exchange Agent holding cash or other property, or to the delivery of cash or other property to the Paying Agent or Exchange Agent, in each case for payment or delivery to any Holders and the Trustee or with respect to the Notes, will be deemed to
refer to cash or other property so segregated and held separately, or to the segregation and separate holding of such cash or other property, respectively. Upon the occurrence of any event pursuant to clause (x) or (xi) of
Section 7.01(A) with respect to the Company (or with respect to any Subsidiary of the Company acting as Paying Agent or Exchange Agent), the Trustee will serve as the Paying Agent or Exchange Agent, as applicable, for the
Notes. 
 Section 2.08.    HOLDER LISTS. 

If the Trustee is not the Registrar, then the Company will furnish to the Trustee, no later than seven (7) Business Days before each
Interest Payment Date, and at such other times as the Trustee may request, a list, in such form and as of such date or time as the Trustee may reasonably require, of the names and addresses of the Holders. 

Section 2.09.    LEGENDS. 

(A)    Global Note Legend. Each Global Note will bear the Global Note Legend (or any similar legend, not
inconsistent with the Indenture, required by the Depositary for such Global Note). 
 (B)    Affiliate Resale
Legend. Each Note will bear the Affiliate Resale Legend. 

  
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 (C)    Other Legends. A Note may bear any other legend or text,
not inconsistent with the Indenture, as may be required by applicable law or by any securities exchange or automated quotation system on which such Note is traded or quoted. 

(D)    Acknowledgment and Agreement by the Holders. A Holder’s acceptance of any Note bearing any legend
required by this Section 2.09 will constitute such Holder’s acknowledgment of, and agreement to comply with, the restrictions set forth in such legend. 

Section 2.10.    TRANSFERS AND EXCHANGES; CERTAIN
TRANSFER RESTRICTIONS. 
 (A)    Provisions Applicable to All Transfers and
Exchanges. 
 (i)    Generally. Subject to this Section 2.10,
Physical Notes and beneficial interests in Global Notes may be transferred or exchanged from time to time and the Registrar will record each such transfer or exchange in the Register. 

(ii)    Transferred and Exchanged Notes Remain Valid Obligations of the Company. Each Note issued
upon transfer or exchange of any other Note (such other Note being referred to as the “old Note” for purposes of this Section 2.10(A)(ii)) or portion thereof in accordance with the Indenture will be the valid
obligation of the Company, evidencing the same indebtedness, and entitled to the same benefits under the Indenture, as such old Note or portion thereof, as applicable. 

(iii)    No Services Charge; Transfer Taxes. The Company, the Guarantors, the Trustee and the Note
Agents will not impose any service charge on any Holder for any transfer, exchange or Exchange of Notes, but the Company, the Guarantors, the Trustee, the Registrar and the Exchange Agent may require payment of a sum sufficient to cover any transfer
tax or similar governmental charge that may be imposed in connection with any transfer, exchange or Exchange of Notes, other than exchanges pursuant to Section 2.11, 2.16 or 8.05 not involving any transfer. 

(iv)    Transfers and Exchanges Must Be in Authorized Denominations. Notwithstanding anything to the
contrary in the Indenture or the Notes, a Note may not be transferred or exchanged in part unless the portion to be so transferred or exchanged is in an Authorized Denomination. 

(v)    Trustee’s Disclaimer. The Trustee will have no obligation or duty to monitor, determine
or inquire as to compliance with any transfer restrictions imposed under the Indenture or applicable law with respect to any Security, other than to require the delivery of such certificates or other documentation or evidence as expressly required
by the Indenture and to examine the same to determine substantial compliance as to form with the requirements of the Indenture. 

(vi)    Legends. Each Note issued upon transfer of, or in exchange for, another Note will bear each
legend, if any, required by Section 2.09. 
 (vii)    Settlement of
Transfers and Exchanges. Upon satisfaction of the requirements of the Indenture to effect a transfer or exchange of any Note, the Company will cause such transfer or exchange to be effected as soon as reasonably practicable but in no event later
than the second (2nd) Business Day after the date of such satisfaction. 

  
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 (B)    Transfers and Exchanges of Global Notes. 

(i)    Certain Restrictions. Subject to the immediately following sentence, no Global Note may be
transferred or exchanged in whole except (x) by the Depositary to a nominee of the Depositary; (y) by a nominee of the Depositary to the Depositary or to another nominee of the Depositary; or (z) by the Depositary or any such nominee
to a successor Depositary or a nominee of such successor Depositary. No Global Note (or any portion thereof) may be transferred to, or exchanged for, a Physical Note; provided, however, that a Global Note will be exchanged, pursuant to
customary procedures, for one or more Physical Notes if: 
 (1)    (x) the Depositary notifies the
Company or the Trustee that the Depositary is unwilling or unable to continue as depositary for such Global Note or (y) the Depositary ceases to be a “clearing agency” registered under Section 17A of the Exchange Act and, in each
case, the Company fails to appoint a successor Depositary within ninety (90) days of such notice or cessation; 

(2)    an Event of Default has occurred and is continuing and the Company, the Trustee or the Registrar has
received a written request from the Depositary, or from a holder of a beneficial interest in such Global Note, to exchange such Global Note or beneficial interest, as applicable, for one or more Physical Notes; or 

(3)    the Company, in its sole discretion, permits the exchange of any beneficial interest in such Global
Note for one or more Physical Notes at the request of the owner of such beneficial interest. 

(ii)    Effecting Transfers and Exchanges. Upon satisfaction of the requirements of the Indenture to
effect a transfer or exchange of any Global Note (or any portion thereof): 
 (1)    the Trustee will
reflect any resulting decrease of the principal amount of such Global Note by notation on the “Schedule of Exchanges of Interests in the Global Note” forming part of such Global Note (and, if such notation results in such Global Note
having a principal amount of zero, then the Company may (but is not required to) instruct the Trustee to cancel such Global Note pursuant to Section 2.14); 

(2)    if required to effect such transfer or exchange, then the Trustee will reflect any resulting
increase of the principal amount of any other Global Note by notation on the “Schedule of Exchanges of Interests in the Global Note” forming part of such other Global Note; 

(3)    if required to effect such transfer or exchange, then the Company will issue, execute and deliver,
and the Trustee will authenticate, in each case in accordance with Section 2.02, a new Global Note bearing each legend, if any, required by Section 2.09; and 

  
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 (4)    if such Global Note (or such portion thereof), or
any beneficial interest therein, is to be exchanged for one or more Physical Notes, then the Company will issue, execute and deliver, and the Trustee will authenticate, in each case in accordance with Section 2.02, one or
more Physical Notes that (x) are in Authorized Denominations and have an aggregate principal amount equal to the principal amount of such Global Note to be so exchanged; (y) are registered in such name(s) as the Depositary specifies (or as
otherwise determined pursuant to customary procedures); and (z) bear each legend, if any, required by Section 2.09. 

(iii)    Compliance with Depositary Procedures. Each transfer or exchange of a beneficial interest
in any Global Note will be made in accordance with the Depositary Procedures. 
 (C)    Transfers and Exchanges of
Physical Notes. 
 (i)    Requirements for Transfers and Exchanges. Subject to this
Section 2.10, a Holder of a Physical Note may (x) transfer such Physical Note (or any portion thereof in an Authorized Denomination) to one or more other Person(s); (y) exchange such Physical Note (or any portion
thereof in an Authorized Denomination) for one or more other Physical Notes in Authorized Denominations having an aggregate principal amount equal to the aggregate principal amount of the Physical Note (or portion thereof) to be so exchanged; and
(z) if then permitted by the Depositary Procedures, transfer such Physical Note (or any portion thereof in an Authorized Denomination) in exchange for a beneficial interest in one or more Global Notes; provided, however, that, to
effect any such transfer or exchange, such Holder must surrender such Physical Note to be transferred or exchanged to the office of the Registrar, together with any endorsements or transfer instruments reasonably required by the Company, the Trustee
or the Registrar. 
 (ii)    Effecting Transfers and Exchanges. Upon the satisfaction of the
requirements of the Indenture to effect a transfer or exchange of any Physical Note (such Physical Note being referred to as the “old Physical Note” for purposes of this Section 2.10(C)(ii)) of a Holder (or any
portion of such old Physical Note in an Authorized Denomination): 
 (1)    such old Physical Note will
be promptly cancelled pursuant to Section 2.14; 
 (2)    if such old Physical
Note is to be so transferred or exchanged only in part, then the Company will issue, execute and deliver, and the Trustee will authenticate, in each case in accordance with Section 2.02, one or more Physical Notes that
(x) are in Authorized Denominations and have an aggregate principal amount equal to the principal amount of such old Physical Note not to be so transferred or exchanged; (y) are registered in the name of such Holder; and (z) bear each
legend, if any, required by Section 2.09; 

  
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 (3)    in the case of a transfer: 

(a)    to the Depositary or a nominee thereof that will hold its interest in such old Physical Note (or
such portion thereof) to be so transferred in the form of one or more Global Notes, the Trustee will reflect an increase of the principal amount of one or more existing Global Notes by notation on the “Schedule of Exchanges of Interests in the
Global Note” forming part of such Global Note(s), which increase(s) are in Authorized Denominations and aggregate to the principal amount to be so transferred, and which Global Note(s) bear each legend, if any, required by
Section 2.09; provided, however, that if such transfer cannot be so effected by notation on one or more existing Global Notes (whether because no Global Notes bearing each legend, if any, required by
Section 2.09 then exist, because any such increase will result in any Global Note having an aggregate principal amount exceeding the maximum aggregate principal amount permitted by the Depositary or otherwise), then the
Company will issue, execute and deliver, and the Trustee will authenticate, in each case in accordance with Section 2.02, one or more Global Notes that (x) are in Authorized Denominations and have an aggregate
principal amount equal to the principal amount that is to be so transferred but that is not effected by notation as provided above; and (y) bear each legend, if any, required by Section 2.09; and 

(b)    to a transferee that will hold its interest in such old Physical Note (or such portion thereof) to
be so transferred in the form of one or more Physical Notes, the Company will issue, execute and deliver, and the Trustee will authenticate, in each case in accordance with Section 2.02, one or more Physical Notes that
(x) are in Authorized Denominations and have an aggregate principal amount equal to the principal amount to be so transferred; (y) are registered in the name of such transferee; and (z) bear each legend, if any, required by
Section 2.09; and 
 (4)    in the case of an exchange, the Company will issue,
execute and deliver, and the Trustee will authenticate, in each case in accordance with Section 2.02, one or more Physical Notes that (x) are in Authorized Denominations and have an aggregate principal amount equal to
the principal amount to be so exchanged; (y) are registered in the name of the Person to whom such old Physical Note was registered; and (z) bear each legend, if any, required by Section 2.09. 

(D)    Transfers of Notes Subject to Redemption, Repurchase or Exchange. Notwithstanding anything to the contrary
in the Indenture or the Notes, the Company, the Guarantors, the Trustee and the Registrar will not be required to register the transfer of or exchange any Note that (i) has been surrendered for Exchange, except to the extent that any portion of
such Note is not subject to Exchange; (ii) is subject to a Fundamental Change Repurchase Notice validly delivered, and not withdrawn, pursuant to Section 4.02(F), except to the extent that any portion of such Note is
not subject to such notice or the Company fails to pay the applicable Fundamental Change Repurchase Price when due; or (iii) has been selected for Redemption pursuant to a Redemption Notice, except to the extent that any portion of such Note is
not subject to Redemption or the Company fails to pay the applicable Redemption Price when due. 

  
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 Section 2.11.    EXCHANGE AND
CANCELLATION OF NOTES TO BE EXCHANGED OR TO BE REPURCHASED PURSUANT
TO A REPURCHASE UPON FUNDAMENTAL CHANGE OR REDEMPTION. 

(A)    Partial Exchanges of Physical Notes and Partial Repurchases of Physical Notes Pursuant to a Repurchase Upon
Fundamental Change or Redemption. If only a portion of a Physical Note of a Holder is to be Exchanged pursuant to Article 5 or repurchased pursuant to a Repurchase Upon Fundamental Change or Redemption, then, as soon as reasonably
practicable after such Physical Note is surrendered for such Exchange or repurchase, as applicable, the Company will cause such Physical Note to be exchanged, pursuant and subject to Section 2.10(C), for (i) one or
more Physical Notes that are in Authorized Denominations and have an aggregate principal amount equal to the principal amount of such Physical Note that is not to be so Exchanged or repurchased, as applicable, and deliver such Physical Note(s) to
such Holder; and (ii) a Physical Note having a principal amount equal to the principal amount to be so Exchanged or repurchased, as applicable, which Physical Note will be Exchanged or repurchased, as applicable, pursuant to the terms of the
Indenture; provided, however, that the Physical Note referred to in this clause (ii) need not be issued at any time after which such principal amount subject to such Exchange or repurchase, as applicable, is deemed to cease
to be outstanding pursuant to Section 2.17. 
 (B)    Cancellation of Notes that Are
Exchanged and Notes that Are Repurchased Pursuant to a Repurchase Upon Fundamental Change or Redemption. 

(i)    Physical Notes. If a Physical Note (or any portion thereof that has not theretofore been
exchanged pursuant to Section 2.11(A)) of a Holder is to be Exchanged pursuant to Article 5 or repurchased pursuant to a Repurchase Upon Fundamental Change or Redemption, then, promptly after the later of the time
such Physical Note (or such portion) is deemed to cease to be outstanding pursuant to Section 2.17 and the time such Physical Note is surrendered for such Exchange or repurchase, as applicable, (1) such Physical Note
will be cancelled pursuant to Section 2.14; and (2) in the case of a partial Exchange or repurchase, as applicable, the Company will issue, execute and deliver to such Holder, and the Trustee will authenticate, in each
case in accordance with Section 2.02, one or more Physical Notes that (x) are in Authorized Denominations and have an aggregate principal amount equal to the principal amount of such Physical Note that is not to be so
Exchanged or repurchased, as applicable; (y) are registered in the name of such Holder; and (z) bear each legend, if any, required by Section 2.09. 

(ii)    Global Notes. If a Global Note (or any portion thereof) is to be Exchanged pursuant to
Article 5 or repurchased pursuant to a Repurchase Upon Fundamental Change or Redemption, then, promptly after the time such Note (or such portion) is deemed to cease to be outstanding pursuant to Section 2.17, the
Trustee will reflect a decrease of the principal amount of such Global Note in an amount equal to the principal amount of such Global Note to be so Exchanged or repurchased, as applicable, by notation on the “Schedule of Exchanges of Interests
in the Global Note” forming part of such Global Note (and, if the principal amount of such Global Note is zero following such notation, cancel such Global Note pursuant to Section 2.14). 

  
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 Section 2.12.    REPLACEMENT NOTES. 

If a Holder of any Note claims that such Note has been mutilated, lost, destroyed or wrongfully taken, then the Company will issue, execute and
deliver, and the Trustee will authenticate, in each case in accordance with Section 2.02, a replacement Note upon surrender to the Trustee of such mutilated Note, or upon delivery to the Trustee of evidence of such loss,
destruction or wrongful taking reasonably satisfactory to the Trustee and the Company. In the case of a lost, destroyed or wrongfully taken Note, the Company and the Trustee may require the Holder thereof to provide such security or indemnity that
is satisfactory to the Company and the Trustee to protect the Company and the Trustee from any loss that any of them may suffer if such Note is replaced. The Company may charge for its and the Trustee’s expenses in replacing a Note. 

Every replacement Note issued pursuant to this Section 2.12 will be an additional obligation of the Company and will
be entitled to all of the benefits of the Indenture equally and ratably with all other Notes issued under the Indenture, whether or not the lost, destroyed or wrongfully taken Note will at any time be enforceable by anyone. 

Section 2.13.    REGISTERED HOLDERS; CERTAIN RIGHTS
WITH RESPECT TO GLOBAL NOTES. 
 Only the Holder of a Note
will have rights under the Indenture as the owner of such Note. Without limiting the generality of the foregoing, Depositary Participants will have no rights as such under the Indenture with respect to any Global Note held on their behalf by the
Depositary or its nominee, or by the Trustee as its custodian, and the Company, the Guarantors, the Trustee and the Note Agents, and their respective agents, may treat the Depositary as the absolute owner of such Global Note for all purposes
whatsoever; provided, however, that (A) the Holder of any Global Note may grant proxies and otherwise authorize any Person, including Depositary Participants and Persons that hold interests in Notes through Depositary
Participants, to take any action that such Holder is entitled to take with respect to such Global Note under the Indenture or the Notes; and (B) the Company and the Trustee, and their respective agents, may give effect to any written
certification, proxy or other authorization furnished by the Depositary. 
 Section 2.14.    CANCELLATION.

 The Company may at any time deliver Notes to the Trustee for cancellation. The Registrar, the Paying Agent and the Exchange Agent will
forward to the Trustee each Note duly surrendered to them for transfer, exchange, payment or Exchange. The Trustee will promptly cancel all Notes so surrendered to it in accordance with its customary procedures. Without limiting the generality of
Section 2.03(B), the Company may not originally issue new Notes to replace Notes that it has paid or that have been cancelled upon transfer, exchange, payment or Exchange. 

Section 2.15.    NOTES HELD BY THE COMPANY
OR ITS AFFILIATES. 
 Without limiting the generality of Section 2.17, in
determining whether the Holders of the required aggregate principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by the Company or any of its Affiliates will be deemed not to be outstanding; provided,
however, that, for purposes of determining whether the Trustee is protected in relying on any such direction, waiver or consent, only Notes that a Responsible Officer of the Trustee knows are so owned will be so disregarded. 

  
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 Section 2.16.    TEMPORARY NOTES. 

Until definitive Notes are ready for delivery, the Company may issue, execute and deliver, and the Trustee will authenticate, in each case in
accordance with Section 2.02, temporary Notes. Temporary Notes will be substantially in the form of definitive Notes but may have variations that the Company considers appropriate for temporary Notes. The Company will
promptly prepare, issue, execute and deliver, and the Trustee will authenticate, in each case in accordance with Section 2.02, definitive Notes in exchange for temporary Notes. Until so exchanged, each temporary Note will
in all respects be entitled to the same benefits under the Indenture as definitive Notes. 

Section 2.17.    OUTSTANDING NOTES. 

(A)    Generally. The Notes that are outstanding at any time will be deemed to be those Notes that, at such time,
have been duly executed and authenticated, excluding those Notes (or portions thereof) that have theretofore been (i) cancelled by the Trustee or delivered to the Trustee for cancellation in accordance with
Section 2.14; (ii) assigned a principal amount of zero by notation on the “Schedule of Exchanges of Interests in the Global Note” forming part of any a Global Note representing such Note; (iii) paid in full
(including upon Exchange) in accordance with the Indenture; or (iv) deemed to cease to be outstanding to the extent provided in, and subject to, clause (B), (C) or (D) of this Section 2.17.

 (B)    Replaced Notes. If a Note is replaced pursuant to Section 2.12, then such
Note will cease to be outstanding at the time of its replacement, unless the Trustee and the Company receive proof reasonably satisfactory to them that such Note is held by a “bona fide purchaser” under applicable law. 

(C)    Maturing Notes and Notes Called for Redemption or Subject to Repurchase. If, on a Redemption Date, a
Fundamental Change Repurchase Date or the Maturity Date, the Paying Agent holds money sufficient to pay the aggregate Redemption Price, Fundamental Change Repurchase Price or principal amount, respectively, together, in each case, with the aggregate
interest, in each case due on such date, then (unless there occurs a Default in the payment of any such amount) (i) the Notes (or portions thereof) to be redeemed or repurchased, or that mature, on such date will be deemed, as of such date, to
cease to be outstanding, except to the extent provided in Section 4.02(D), 4.03(E) or 5.02(D); and (ii) the rights of the Holders of such Notes (or such portions thereof), as such, will terminate with
respect to such Notes (or such portions thereof), other than the right to receive the Redemption Price, Fundamental Change Repurchase Price or principal amount, as applicable, of, and accrued and unpaid interest on, such Notes (or such portions
thereof), in each case as provided in the Indenture. 
 (D)    Notes to Be Exchanged. At the Close of
Business on the Exchange Date for any Note (or any portion thereof) to be Exchanged, such Note (or such portion) will (unless there occurs a Default in the delivery of the Exchange Consideration or interest due, pursuant to
Section 5.03(B) or Section 5.02(D), upon such Exchange) be deemed to cease to be outstanding, except to the extent provided in Section 5.02(D) or
Section 5.08. 

  
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 (E)    Cessation of Accrual of Interest. Except as provided in
Section 4.02(D), 4.03(E) or 5.02(D), interest will cease to accrue on each Note from, and including, the date that such Note is deemed, pursuant to this Section 2.17, to cease to be
outstanding, unless there occurs a default in the payment or delivery of any cash or other property due on such Note. 

Section 2.18.    REPURCHASES BY THE COMPANY. 

Without limiting the generality of Section 2.14, the Company, the Guarantors or their respective Subsidiaries may,
from time to time, repurchase Notes in open market purchases or in negotiated transactions without delivering prior notice to Holders. 

Section 2.19.    CUSIP AND ISIN NUMBERS. 

The Company may use one or more CUSIP or ISIN numbers to identify any of the Notes, and, if so, the Company and the Trustee will use such CUSIP
or ISIN number(s) in notices to Holders; provided, however, that (i) the Trustee makes no representation as to the correctness or accuracy of any such CUSIP or ISIN number; and (ii) the effectiveness of any such notice will
not be affected by any defect in, or omission of, any such CUSIP or ISIN number. The Company will promptly notify the Trustee of any change in the CUSIP or ISIN number(s) identifying any Notes. 

Article 3.    COVENANTS 

Section 3.01.    PAYMENT ON NOTES. 

(A)    Generally. The Company will pay or cause to be paid all the principal of, the Fundamental Change Repurchase
Price and Redemption Price for, interest on, and other amounts due with respect to, the Notes on the dates and in the manner set forth in the Indenture. 

(B)    Deposit of Funds. Before 11:00 A.M., New York City time, on each Redemption Date, Fundamental Change
Repurchase Date or Interest Payment Date, and on the Maturity Date or any other date on which any cash amount is due on the Notes, the Company will deposit, or will cause there to be deposited, with the Paying Agent cash, in funds immediately
available on such date, sufficient to pay the cash amount due on the applicable Notes on such date. The Paying Agent will return to the Company, as soon as practicable, any money not required for such purpose. 

Section 3.02.    EXCHANGE ACT REPORTS. 

(A)    Generally. The Parent Guarantor will send to the Trustee copies of all reports that the Parent Guarantor is
required to file with the SEC pursuant to Section 13(a) or 15(d) of the Exchange Act within fifteen (15) calendar days after the date that the Parent Guarantor is required to file the same (after giving effect to all applicable grace
periods under the Exchange Act); provided, however, that the Parent Guarantor need not send to the Trustee any material for which the Parent Guarantor has received, or is seeking in good faith and has not been denied, confidential
treatment by the SEC. Any report that the Parent Guarantor files with the SEC through the EDGAR system (or any successor thereto) will be deemed to be sent to the Trustee at the time such report is so filed via the EDGAR system (or such successor).
Upon the request of any Holder, the Trustee will provide to such Holder a copy of any report that the Parent Guarantor has sent the Trustee pursuant to this Section 3.02(A), other than a report that is deemed to be sent to
the Trustee pursuant to the preceding sentence. The Company will also comply with its other obligations under Section 314(a)(1) of the Trust Indenture Act. 

  
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 (B)    Trustee’s Disclaimer. The Trustee need not determine
whether the Parent Guarantor has filed any material via the EDGAR system (or such successor). The sending or filing of reports pursuant to Section 3.02(A) will not be deemed to constitute constructive notice to the Trustee
of any information contained, or determinable from information contained, therein, including the Company’s or any Guarantor’s compliance with any of its covenants under the Indenture. 

Section 3.03.    COMPLIANCE AND DEFAULT CERTIFICATES. 

(A)    Annual Compliance Certificate. Within one hundred and twenty (120) days after December 31, 2021 and
each fiscal year of the Company ending thereafter, the Company will deliver an Officer’s Certificate to the Trustee stating (i) that the signatory thereto has supervised a review of the activities of the Company and its Subsidiaries during
such fiscal year with a view towards determining whether any Default or Event of Default has occurred; and (ii) whether, to such signatory’s knowledge, a Default or Event of Default has occurred or is continuing (and, if so, describing all
such Defaults or Events of Default and what action the Company is taking or proposes to take with respect thereto). 

(B)    Default Certificate. If a Default or Event of Default occurs, then the Company will, within thirty
(30) days after its first occurrence, deliver an Officer’s Certificate to the Trustee describing the same and what action the Company is taking or proposes to take with respect thereto. 

Section 3.04.    STAY, EXTENSION AND USURY LAWS.

 To the extent that it may lawfully do so, the Company (A) agrees that it will not at any time insist upon, plead, or in any
manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law (wherever or whenever enacted or in force) that may affect the covenants or the performance of the Indenture; and (B) expressly waives all benefits or
advantages of any such law and agrees that it will not, by resort to any such law, hinder, delay or impede the execution of any power granted to the Trustee by the Indenture, but will suffer and permit the execution of every such power as though no
such law has been enacted. 
 Section 3.05.    ACQUISITION OF NOTES
BY THE COMPANY AND ITS AFFILIATES. 
 Without
limiting the generality of Section 2.17, Notes that the Company, the Parent Guarantor or any of their respective Subsidiaries have purchased or otherwise acquired will be deemed to remain outstanding (except to the extent
provided in Section 2.15) until such time as such Notes are delivered to the Trustee for cancellation. 

Article 4.    REPURCHASE AND REDEMPTION 

Section 4.01.    NO SINKING FUND. 

No sinking fund is required to be provided for the Notes. 

  
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 Section 4.02.    RIGHT OF HOLDERS
TO REQUIRE THE COMPANY TO REPURCHASE NOTES UPON A FUNDAMENTAL CHANGE. 

(A)    Right of Holders to Require the Company to Repurchase Notes Upon a Fundamental Change. Subject to the other
terms of this Section 4.02, if a Fundamental Change occurs, then each Holder will have the right (the “Fundamental Change Repurchase Right”) to require the Company to repurchase such Holder’s Notes (or
any portion thereof in an Authorized Denomination) on the Fundamental Change Repurchase Date for such Fundamental Change for a cash purchase price equal to the Fundamental Change Repurchase Price. 

(B)    Repurchase Prohibited in Certain Circumstances. If the principal amount of the Notes has been accelerated
and such acceleration has not been rescinded on or before the Fundamental Change Repurchase Date for a Repurchase Upon Fundamental Change (including as a result of the payment of the related Fundamental Change Repurchase Price, and any related
interest pursuant to the proviso to Section 4.02(D), on such Fundamental Change Repurchase Date), then (i) the Company may not repurchase any Notes pursuant to this Section 4.02; and
(ii) the Company will cause any Notes theretofore surrendered for such Repurchase Upon Fundamental Change to be returned to the Holders thereof (or, if applicable with respect to Global Notes, cancel any instructions for book-entry transfer to
the Company, the Trustee or the Paying Agent of the applicable beneficial interest in such Notes in accordance with the Depositary Procedures). 

(C)    Fundamental Change Repurchase Date. The Fundamental Change Repurchase Date for any Fundamental Change will
be a Business Day of the Company’s choosing that is no more than thirty five (35), nor less than twenty (20), Business Days after the date the Company sends the related Fundamental Change Notice pursuant to
Section 4.02(E). 
 (D)    Fundamental Change Repurchase Price. The Fundamental Change
Repurchase Price for any Note to be repurchased upon a Repurchase Upon Fundamental Change following a Fundamental Change is an amount in cash equal to the principal amount of such Note plus accrued and unpaid interest on such Note to, but excluding,
the Fundamental Change Repurchase Date for such Fundamental Change; provided, however, that if such Fundamental Change Repurchase Date is after a Regular Record Date and on or before the next Interest Payment Date, then (i) the
Holder of such Note at the Close of Business on such Regular Record Date will be entitled, notwithstanding such Repurchase Upon Fundamental Change, to receive, on or, at the Company’s election, before such Interest Payment Date, the unpaid
interest that would have accrued on such Note to, but excluding, such Interest Payment Date (assuming, solely for these purposes, that such Note remained outstanding through such Interest Payment Date, if such Fundamental Change Repurchase Date is
before such Interest Payment Date); and (ii) the Fundamental Change Repurchase Price will not include accrued and unpaid interest on such Note to, but excluding, such Fundamental Change Repurchase Date. For the avoidance of doubt, if an
Interest Payment Date is not a Business Day within the meaning of Section 2.05(C) and such Fundamental Change Repurchase Date occurs on the Business Day immediately after such Interest Payment Date, then (x) accrued
and unpaid interest on Notes to, but excluding, such Interest Payment Date will be paid, in accordance with Section 2.05(C), on the next Business Day to Holders as of the Close of Business on the immediately preceding
Regular Record Date; and (y) the Fundamental Change Repurchase Price will include interest on Notes to be repurchased from, and including, such Interest Payment Date. 

  
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 (E)    Fundamental Change Notice. On or before the twentieth
(20th) calendar day after the effective date of a Fundamental Change, the Company will send to each Holder, the Trustee and the Paying Agent a notice of such Fundamental Change (a “Fundamental Change Notice”). 

Such Fundamental Change Notice must state: 

(i)    briefly, the events causing such Fundamental Change; 

(ii)    the effective date of such Fundamental Change; 

(iii)    the procedures that a Holder must follow to require the Company to repurchase its Notes pursuant
to this Section 4.02, including the deadline for exercising the Fundamental Change Repurchase Right and the procedures for submitting and withdrawing a Fundamental Change Repurchase Notice; 

(iv)    the Fundamental Change Repurchase Date for such Fundamental Change; 

(v)    the Fundamental Change Repurchase Price per $1,000 principal amount of Notes for such Fundamental
Change (and, if such Fundamental Change Repurchase Date is after a Regular Record Date and on or before the next Interest Payment Date, the amount, manner and timing of the interest payment payable pursuant to the proviso to
Section 4.02(D)); 
 (vi)    the name and address of the Paying Agent and the
Exchange Agent; 
 (vii)    the Exchange Rate in effect on the date of such Fundamental Change Notice and
a description and quantification of any adjustments to the Exchange Rate that may result from such Fundamental Change (including pursuant to Section 5.07); 

(viii)    that Notes for which a Fundamental Change Repurchase Notice has been duly tendered and not duly
withdrawn must be delivered to the Paying Agent for the Holder thereof to be entitled to receive the Fundamental Change Repurchase Price; 

(ix)    that Notes (or any portion thereof) that are subject to a Fundamental Change Repurchase Notice that
has been duly tendered may be Exchanged only if such Fundamental Change Repurchase Notice is withdrawn in accordance with the Indenture; and 

(x)    the CUSIP and ISIN numbers, if any, of the Notes. 

Neither the failure to deliver a Fundamental Change Notice nor any defect in a Fundamental Change Notice will limit the Fundamental Change
Repurchase Right of any Holder or otherwise affect the validity of any proceedings relating to any Repurchase Upon Fundamental Change. 

  
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 (F)    Procedures to Exercise the Fundamental Change Repurchase
Right. 
 (i)    Delivery of Fundamental Change Repurchase Notice and Notes to Be Repurchased.
To exercise its Fundamental Change Repurchase Right for a Note following a Fundamental Change, the Holder thereof must deliver to the Paying Agent: 

(1)    before the Close of Business on the Business Day immediately before the related Fundamental Change
Repurchase Date (or such later time as may be required by law), a duly completed, written Fundamental Change Repurchase Notice with respect to such Note; and 

(2)    such Note, duly endorsed for transfer (if such Note is a Physical Note) or by book-entry transfer
(if such Note is a Global Note). 
 The Paying Agent will promptly deliver to the Company a copy of each Fundamental Change Repurchase Notice
that it receives. 
 (ii)    Contents of Fundamental Change Repurchase Notices. Each Fundamental
Change Repurchase Notice with respect to a Note must state: 
 (1)    if such Note is a Physical Note,
the certificate number of such Note; 
 (2)    the principal amount of such Note to be repurchased, which
must be an Authorized Denomination; and 
 (3)    that such Holder is exercising its Fundamental Change
Repurchase Right with respect to such principal amount of such Note; 
 provided, however, that if such Note is a Global Note,
then such Fundamental Change Repurchase Notice must comply with the Depositary Procedures (and any such Fundamental Change Repurchase Notice delivered in compliance with the Depositary Procedures will be deemed to satisfy the requirements of this
Section 4.02(F)). 
 (iii)    Withdrawal of Fundamental Change Repurchase
Notice. A Holder that has delivered a Fundamental Change Repurchase Notice with respect to a Note may withdraw such Fundamental Change Repurchase Notice by delivering a written notice of withdrawal to the Paying Agent at any time before the
Close of Business on the Business Day immediately before the related Fundamental Change Repurchase Date. Such withdrawal notice must state: 

(1)    if such Note is a Physical Note, the certificate number of such Note; 

(2)    the principal amount of such Note to be withdrawn, which must be an Authorized Denomination; and

 (3)    the principal amount of such Note, if any, that remains subject to such Fundamental Change
Repurchase Notice, which must be an Authorized Denomination; 

  
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 provided, however, that if such Note is a Global Note, then such withdrawal
notice must comply with the Depositary Procedures (and any such withdrawal notice delivered in compliance with the Depositary Procedures will be deemed to satisfy the requirements of this Section 4.02(F)). 

Upon receipt of any such withdrawal notice with respect to a Note (or any portion thereof), the Paying Agent will (x) promptly deliver a
copy of such withdrawal notice to the Company; and (y) if such Note is surrendered to the Paying Agent, cause such Note (or such portion thereof in accordance with Section 2.11, treating such Note as having been then
surrendered for partial repurchase in the amount set forth in such withdrawal notice as remaining subject to repurchase) to be returned to the Holder thereof (or, if applicable with respect to any Global Note, cancel any instructions for book-entry
transfer to the Company, the Trustee or the Paying Agent of the applicable beneficial interest in such Note in accordance with the Depositary Procedures). 

(G)    Payment of the Fundamental Change Repurchase Price. Without limiting the Company’s obligation to
deposit the Fundamental Change Repurchase Price within the time proscribed by Section 3.01(B), the Company will cause the Fundamental Change Repurchase Price for a Note (or portion thereof) to be repurchased pursuant to a
Repurchase Upon Fundamental Change to be paid to the Holder thereof on or before the later of (i) the applicable Fundamental Change Repurchase Date; and (ii) the date (x) such Note is delivered to the Paying Agent (in the case of a
Physical Note) or (y) the Depositary Procedures relating to the repurchase, and the delivery to the Paying Agent, of such Holder’s beneficial interest in such Note to be repurchased are complied with (in the case of a Global Note). For the
avoidance of doubt, interest payable pursuant to the proviso to Section 4.02(D) on any Note to be repurchased pursuant to a Repurchase Upon Fundamental Change must be paid pursuant to such proviso regardless of whether such
Note is delivered or such Depositary Procedures are complied with pursuant to the first sentence of this Section 4.02(G). 

(H)    Third Party May Conduct Repurchase Offer In Lieu of the Company. Notwithstanding anything to the contrary in
this Section 4.02, the Company will be deemed to satisfy its obligations under this Section 4.02 if (i) one or more third parties conduct any Repurchase Upon Fundamental Change and related
offer to repurchase Notes otherwise required by this Section 4.02 in a manner that would have satisfied the requirements of this Section 4.02 if conducted directly by the Company; and (ii) an
owner of a beneficial interest in any Note repurchased by such third party or parties will not receive a lesser amount (as a result of withholding or similar taxes) than such owner would have received had the Company repurchased such Note. 

(I)    No Requirement to Conduct an Offer to Repurchase Notes if the Fundamental Change Results in the Notes Becoming
Exchangeable into an Amount of Cash Exceeding the Fundamental Change Repurchase Price. Notwithstanding anything to the contrary in this Section 4.02, the Company will not be required to send a Fundamental
Change Notice pursuant to Section 4.02(E), or offer to repurchase or repurchase any Notes pursuant to this Section 4.02, in connection with a Fundamental Change occurring pursuant to clause
(B)(ii) (or pursuant to clause (A) that also constitutes a Fundamental Change occurring pursuant to clause (B)(ii)) of the definition thereof, if (i) such Fundamental Change constitutes a Common Stock Change Event whose

  
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Reference Property consists entirely of cash in U.S. dollars; (ii) immediately after such Fundamental Change, the Notes become Exchangeable, pursuant to
Section 5.09(A) and, if applicable, Section 5.07, into consideration that consists solely of U.S. dollars in an amount per $1,000 aggregate principal amount of Notes that equals or exceeds the
Fundamental Change Repurchase Price per $1,000 aggregate principal amount of Notes (calculated assuming that the same includes accrued and unpaid interest to, but excluding, the latest possible Fundamental Change Repurchase Date for such Fundamental
Change); and (iii) the Company timely sends the notice relating to such Fundamental Change required pursuant to Section 5.01(C)(i)(3)(b) and includes, in such notice, a statement that the Company is relying on this
Section 4.02(I). 
 (J)    Compliance with Applicable Securities Laws. To the extent
applicable, the Company will comply, in all material respects, with all federal and state securities laws in connection with a Repurchase Upon Fundamental Change (including complying with Rules 13e-4 and 14e-1 under the Exchange Act and filing any required Schedule TO, to the extent applicable) so as to permit effecting such Repurchase Upon Fundamental Change in the manner set forth in the Indenture;
provided, however, that, to the extent that the Company’s obligations pursuant to this Section 4.02 conflict with any law or regulation that is applicable to the Company and enacted after the Issue Date,
the Company’s compliance with such law or regulation will not be considered to be a Default of such obligations. 

(K)    Repurchase in Part. Subject to the terms of this Section 4.02, Notes may be
repurchased pursuant to a Repurchase Upon Fundamental Change in part, but only in Authorized Denominations. Provisions of this Section 4.02 applying to the repurchase of a Note in whole will equally apply to the repurchase
of a permitted portion of a Note. 
 Section 4.03.    RIGHT OF THE
COMPANY TO REDEEM THE NOTES. 

(A)    No Right to Redeem Before April 7, 2025. The Company may not redeem the Notes at its
option at any time before April 7, 2025. 
 (B)    Right to Redeem the Notes on or After
April 7, 2025. Subject to the terms of this Section 4.03 (including, for the avoidance of doubt, Section 4.03(J)), the Company has the right, at its election, to redeem all,
or any portion in an Authorized Denomination, of the Notes, at any time, and from time to time, on a Redemption Date on or after April 7, 2025 and on or before the fortieth (40th) Scheduled Trading Day immediately before the Maturity Date, for
a cash purchase price equal to the Redemption Price, but only if the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Exchange Price on (x) each of at least twenty (20) Trading Days
(whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the Trading Day immediately before the Redemption Notice Date for such Redemption; and (y) the Trading Day immediately before such
Redemption Notice Date. For the avoidance of doubt, the calling of any Notes for Redemption will constitute a Make-Whole Fundamental Change with respect to such Notes pursuant to clause (B) of the definition thereof. 

(C)    Redemption Prohibited in Certain Circumstances. If the principal amount of the Notes has been accelerated
and such acceleration has not been rescinded on or before the Redemption Date (including as a result of the payment of the related Redemption Price, and any 

  
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related interest pursuant to the proviso to Section 4.03(E), on such Redemption Date), then (i) the Company may not call for Redemption or otherwise redeem any
Notes pursuant to this Section 4.03; and (ii) the Company will cause any Notes theretofore surrendered for such Redemption to be returned to the Holders thereof (or, if applicable with respect to Global Notes, cancel
any instructions for book-entry transfer to the Company, the Trustee or the Paying Agent of the applicable beneficial interests in such Notes in accordance with the Depositary Procedures). 

(D)    Redemption Date. The Redemption Date for any Redemption will be a Business Day of the Company’s
choosing that is no more than sixty five (65), nor less than forty five (45), Scheduled Trading Days after the Redemption Notice Date for such Redemption; provided, however, that if, in accordance with
Section 5.03(A)(i)(3), the Company has elected to settle all Exchanges of Notes with an Exchange Date that occurs on or after such Redemption Notice Date and on or before the second (2nd) Business Day immediately before the
Redemption Date by Physical Settlement, then the Company may instead elect to choose a Redemption Date that is a Business Day no more than sixty (60), nor less than fifteen (15), calendar days after such Redemption Notice Date. 

(E)    Redemption Price. The Redemption Price for any Note called for Redemption is an amount in cash equal to the
principal amount of such Note plus accrued and unpaid interest on such Note to, but excluding, the Redemption Date for such Redemption; provided, however, that if such Redemption Date is after a Regular Record Date and on or before the
next Interest Payment Date, then (i) the Holder of such Note at the Close of Business on such Regular Record Date will be entitled, notwithstanding such Redemption, to receive, on or, at the Company’s election, before such Interest Payment
Date, the unpaid interest that would have accrued on such Note to, but excluding, such Interest Payment Date (assuming, solely for these purposes, that such Note remained outstanding through such Interest Payment Date, if such Redemption Date is
before such Interest Payment Date); and (ii) the Redemption Price will not include accrued and unpaid interest on such Note to, but excluding, such Redemption Date. For the avoidance of doubt, if an Interest Payment Date is not a Business Day
within the meaning of Section 2.05(C) and such Redemption Date occurs on the Business Day immediately after such Interest Payment Date, then (x) accrued and unpaid interest on Notes to, but excluding, such Interest
Payment Date will be paid, in accordance with Section 2.05(C), on the next Business Day to Holders as of the Close of Business on the immediately preceding Regular Record Date; and (y) the Redemption Price will include
interest on Notes to be redeemed from, and including, such Interest Payment Date. 
 (F)    Redemption Notice. To
call any Notes for Redemption, the Company must send to each Holder of such Notes, the Trustee and the Paying Agent a written notice of such Redemption (a “Redemption Notice”). 

Such Redemption Notice must state: 

(i)    that such Notes have been called for Redemption, briefly describing the Company’s Redemption
right under the Indenture; 
 (ii)    the Redemption Date for such Redemption; 

  
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 (iii)    the Redemption Price per $1,000 principal
amount of Notes for such Redemption (and, if the Redemption Date is after a Regular Record Date and on or before the next Interest Payment Date, the amount, manner and timing of the interest payment payable pursuant to the proviso to
Section 4.03(E)); 
 (iv)    the name and address of the Paying Agent and the
Exchange Agent; 
 (v)    that Notes called for Redemption may be Exchanged at any time before the Close
of Business on the second (2nd) Business Day immediately before the Redemption Date (or, if the Company fails to pay the Redemption Price due on such Redemption Date in full, at any time until such time as the Company pays such Redemption Price in
full); 
 (vi)    the Exchange Rate in effect on the Redemption Notice Date for such Redemption and a
description and quantification of any adjustments to the Exchange Rate that may result from such Redemption (including pursuant to Section 5.07); 

(vii)    the Settlement Method that will apply to all Exchanges of Notes with an Exchange Date that occurs
on or after such Redemption Notice Date and on or before the second (2nd) Business Day before such Redemption Date; and 

(viii)    the CUSIP and ISIN numbers, if any, of the Notes. 

On or before the Redemption Notice Date, the Company will send a copy of such Redemption Notice to the Trustee and the Paying Agent. 

(G)    Selection and Exchange of Notes to Be Redeemed in Part. 

(i)    If less than all Notes then outstanding are called for Redemption, then the Notes to be redeemed
will be selected by the Company as follows: (1) in the case of Global Notes, in accordance with the Depositary Procedures; and (2) in the case of Physical Notes, pro rata, by lot or by such other method the Company considers fair and
appropriate; and 
 (ii)    If only a portion of a Note is subject to Redemption and such Note is
Exchanged in part, then the Exchanged portion of such Note will be deemed to be from the portion of such Note that was subject to Redemption. 

(H)    Payment of the Redemption Price. Without limiting the Company’s obligation to deposit the Redemption
Price by the time proscribed by Section 3.01(B), the Company will cause the Redemption Price for a Note (or portion thereof) subject to Redemption to be paid to the Holder thereof on or before the applicable Redemption
Date. For the avoidance of doubt, interest payable pursuant to the proviso to Section 4.03(E) on any Note (or portion thereof) subject to Redemption must be paid pursuant to such proviso. 

(I)    Special Provisions for Partial Calls. If the Company elects to redeem less than all of the outstanding Notes
pursuant to this Section 4.03, and the Holder of any Note, or any owner of a beneficial interest in any Global Note, is reasonably not able to determine, before the Close of Business on the
forty-second (42nd) Scheduled Trading Day (or, if, in accordance with Section 5.03(A)(i)(3), the Company has elected to settle all Exchanges of Notes with an Exchange Date that occurs
on or after the Redemption Notice Date for such Redemption and on or before the 

  
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second (2nd) Business Day immediately before the Redemption Date by Physical Settlement, the tenth (10th) calendar day) immediately before the Redemption Date for such Redemption, whether such
Note or beneficial interest, as applicable, is to be redeemed pursuant to such Redemption, then such Holder or owner, as applicable, will be entitled to Exchange such Note or beneficial interest, as applicable, at any time before the Close of
Business on the second (2nd) Business Day immediately before such Redemption Date, and each such Exchange will be deemed to be of a Note called for Redemption for purposes of this Section 4.03 and Sections
5.01(C)(i)(4) and 5.07. 
 (J)    Partial Redemption Limitation. If the Company elects to redeem
less than all of the outstanding Notes pursuant to this Section 4.03, then the excess of the principal amount of Notes outstanding as of the time the Company sends the related Redemption Notice over the aggregate principal
amount of Notes set forth in such Redemption Notice as being subject to Redemption must be at least fifty million dollars ($50,000,000) (such requirement, the “Partial Redemption Limitation”). 

Article 5.    EXCHANGE 

Section 5.01.    RIGHT TO EXCHANGE. 

(A)    Generally. Subject to the provisions of this Article 5, each Holder may, at its option, Exchange such
Holder’s Notes into Exchange Consideration. 
 (B)    Exchanges in Part. Subject to the terms of the
Indenture, Notes may be Exchanged in part, but only in Authorized Denominations. Provisions of this Article 5 applying to the Exchange of a Note in whole will equally apply to Exchanges of a permitted portion of a Note. 

(C)    When Notes May Be Exchanged. 

(i)    Generally. Subject to Section 5.01(C)(ii), a Note may be Exchanged
only in the following circumstances: 
 (1)    Exchange upon Satisfaction of Common Stock Sale Price
Condition. A Holder may Exchange its Notes during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on June 30, 2021, if the Last Reported Sale Price per share of Common Stock exceeds
one hundred and thirty percent (130%) of the Exchange Price for each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the
immediately preceding calendar quarter. 
 (2)    Exchange upon Satisfaction of Note Trading Price
Condition. A Holder may Exchange its Notes during the five (5) consecutive Business Days immediately after any ten (10) consecutive Trading Day period (such ten (10) consecutive Trading Day period, the “Measurement
Period”) if the Trading Price per $1,000 principal amount of Notes, as determined following a request by a Holder in accordance with the procedures set forth below, for each Trading Day of the Measurement Period was less than ninety eight
percent (98%) of the product of the Last Reported Sale Price per share of Common Stock on such Trading Day and the Exchange Rate on such Trading Day. The condition set forth in the preceding sentence is referred to in this Supplemental Indenture as
the “Trading Price Condition.” 

  
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 The Trading Price will be determined by the Bid Solicitation Agent pursuant to this
Section 5.01(C)(i)(2) and the definition of “Trading Price.” The Bid Solicitation Agent (if not the Company) will have no obligation to determine the Trading Price of the Notes unless the Company has requested
such determination in writing, and the Company will have no obligation to make such request (or seek bids itself) unless a Holder provides the Company with reasonable evidence that the Trading Price per $1,000 principal amount of Notes would be less
than ninety eight percent (98%) of the product of the Last Reported Sale Price per share of Common Stock and the Exchange Rate. If a Holder provides such evidence, then the Company will (if acting as Bid Solicitation Agent), or will instruct the Bid
Solicitation Agent to, determine the Trading Price of the Notes beginning on the next Trading Day and on each successive Trading Day until the Trading Price per $1,000 principal amount of Notes is greater than or equal to ninety eight percent (98%)
of the product of the Last Reported Sale Price per share of Common Stock on such Trading Day and the Exchange Rate on such Trading Day. If the Trading Price Condition has been met as set forth above, then the Company will notify the Holders, the
Trustee and the Exchange Agent of the same. If, on any Trading Day after the Trading Price Condition has been met as set forth above, the Trading Price per $1,000 principal amount of Notes is greater than or equal to ninety eight percent (98%) of
the product of the Last Reported Sale Price per share of Common Stock on such Trading Day and the Exchange Rate on such Trading Day, then the Company will notify the Holders, the Trustee and the Exchange Agent of the same. 

(3)    Exchange upon Specified Corporate Events. 

(a)    Certain Distributions. If, before January 3, 2028, the Parent Guarantor elects to: 

(I)    distribute, to all or substantially all holders of Common Stock, any rights, options or warrants
(other than rights issued pursuant to a stockholder rights plan, so long as such rights have not separated from the Common Stock and are not exercisable until the occurrence of a triggering event, except that such rights will be deemed to be
distributed under this clause (I) upon their separation from the Common Stock or upon the occurrence of such triggering event) entitling them, for a period of not more than sixty (60) calendar days after the record date of such
distribution, to subscribe for or purchase shares of Common Stock at a price per share that is less than the average of the Last Reported Sale Prices per share of Common Stock for the ten (10) consecutive Trading Days ending on, and including,
the Trading Day immediately before the date such distribution is announced (determined in the manner set forth in the third paragraph of Section 5.05(A)(ii)); or 

  
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 (II)    distribute, to all or substantially all holders
of Common Stock, assets or securities of the Parent Guarantor or rights to purchase the Parent Guarantor’s securities, which distribution per share of Common Stock has a value, as reasonably determined by the Parent Guarantor’s Board of
Directors, exceeding ten percent (10%) of the Last Reported Sale Price per share of Common Stock on the Trading Day immediately before the date such distribution is announced, 

then, in either case, (x) the Company will send notice of such distribution, and of the related right to Exchange Notes, to Holders, the
Trustee and the Exchange Agent at least forty five (45) Scheduled Trading Days before the Ex-Dividend Date for such distribution (or, if later in the case of any such separation of rights issued pursuant
to a stockholder rights plan or the occurrence of any such triggering event under a stockholder rights plan, as soon as reasonably practicable after the Company becomes aware that such separation or triggering event has occurred or will occur); and
(y) once the Company has sent such notice, Holders may Exchange their Notes at any time until the earlier of the Close of Business on the Business Day immediately before such Ex-Dividend Date and the
Parent Guarantor’s announcement that such distribution will not take place; provided, however, that the Notes will not become Exchangeable pursuant to clause (y) above (but the Company will be required to send notice of such
distribution pursuant to clause (x) above) on account of such distribution if each Holder participates, at the same time and on the same terms as holders of Common Stock, and solely by virtue of being a Holder, in such distribution without
having to Exchange such Holder’s Notes and as if such Holder held a number of shares of Common Stock equal to the product of (i) the Exchange Rate in effect on the record date for such distribution; and (ii) the aggregate principal
amount (expressed in thousands) of Notes held by such Holder on such record date; provided, further, that if the Company is then otherwise permitted to settle Exchanges of Notes by Physical Settlement (and, for the avoidance of doubt,
the Company has not elected another Settlement Method to apply, including pursuant to Section 5.03(A)(i)(1)), then the Company may instead elect to provide such notice at least ten (10) Scheduled Trading Days before
such Ex-Dividend Date, in which case (x) the Company must settle all Exchanges of Notes with an Exchange Date occurring on or after the date the Company provides such notice and on or before the Business
Day immediately before the Ex-Dividend Date for such distribution (or any earlier announcement by the Parent Guarantor that such distribution will not take place) by Physical Settlement; and (y) such
notice must state that all such Exchanges will be settled by Physical Settlement. 
 (b)    Certain
Corporate Events. If a Fundamental Change, Make-Whole Fundamental Change (other than a Make-Whole Fundamental Change pursuant to clause (B) of the definition thereof) or Common Stock Change Event occurs (other than a merger or other
business combination 

  
 - 38 - 

 
transaction that is effected solely to change the Company or the Parent Guarantor’s jurisdiction of incorporation and that does not constitute a Fundamental Change or a Make-Whole
Fundamental Change), then, in each case, Holders may Exchange their Notes at any time from, and including, the effective date of such transaction or event to, and including, the thirty fifth (35th) Trading Day after such effective date (or, if such
transaction or event also constitutes a Fundamental Change (other than an Exempted Fundamental Change), to, but excluding, the related Fundamental Change Repurchase Date); provided, however, that if the Company does not provide the
notice referred to in the immediately following sentence by the second (2nd) Business Day after such effective date, then the last day on which the Notes are Exchangeable pursuant to this sentence will be extended by the number of Business Days
from, and including, the second (2nd) Business Day after such effective date to, but excluding, the date the Company provides such notice. No later than the second (2nd) Business Day after such effective date, the Company will send notice to the
Holders, the Trustee and the Exchange Agent of such transaction or event, such effective date and the related right to Exchange Notes. 

(4)    Exchange upon Redemption. If the Company calls any Note for Redemption, then the Holder of
such Note may Exchange such Note at any time before the Close of Business on the second (2nd) Business Day immediately before the related Redemption Date (or, if the Company fails to pay the Redemption Price due on such Redemption Date in full, at
any time until such time as the Company pays such Redemption Price in full). 
 (5)    Exchanges
During Free Exchangeability Period. A Holder may Exchange its Notes at any time from, and including, January 3, 2028 until the Close of Business on the second (2nd) Scheduled Trading Day immediately before the Maturity Date. 

For the avoidance of doubt, the Notes may become Exchangeable pursuant to any one or more of the preceding
sub-paragraphs of this Section 5.01(C)(i) and the Notes ceasing to be Exchangeable pursuant to a particular sub-paragraph of this
Section 5.01(C)(i) will not preclude the Notes from being Exchangeable pursuant to any other sub-paragraph of this Section 5.01(C)(i). 

(ii)    Limitations and Closed Periods. Notwithstanding anything to the contrary in the Indenture or
the Notes: 
 (1)    Notes may be surrendered for Exchange only after the Open of Business and before the
Close of Business on a day that is a Business Day; 
 (2)    in no event may any Note be Exchanged after
the Close of Business on the second (2nd) Scheduled Trading Day immediately before the Maturity Date; 

  
 - 39 - 

 (3)    if the Company calls any Note for Redemption
pursuant to Section 4.03, then the Holder of such Note may not Exchange such Note after the Close of Business on the second (2nd) Business Day immediately before the applicable Redemption Date, except to the extent the
Company fails to pay the Redemption Price for such Note in accordance with this Supplemental Indenture; and 

(4)    if a Fundamental Change Repurchase Notice is validly delivered pursuant to
Section 4.02(F) with respect to any Note, then such Note may not be Exchanged, except to the extent (a) such Note is not subject to such notice; (b) such notice is withdrawn in accordance with
Section 4.02(F); or (c) the Company fails to pay the Fundamental Change Repurchase Price for such Note in accordance with this Supplemental Indenture. 

Section 5.02.    EXCHANGE PROCEDURES. 

(A)    Generally. 

(i)    Global Notes. To Exchange a beneficial interest in a Global Note that is Exchangeable
pursuant to Section 5.01(C), the owner of such beneficial interest must (1) comply with the Depositary Procedures for Exchanging such beneficial interest (at which time such Exchange will become irrevocable); and
(2) pay any amounts due pursuant to Section 5.02(D) or Section 5.02(E). 

(ii)    Physical Notes. To Exchange all or a portion of a Physical Note that is Exchangeable
pursuant to Section 5.01(C), the Holder of such Note must (1) complete, manually sign and deliver to the Exchange Agent the Exchange Notice attached to such Physical Note or a facsimile of such Exchange Notice;
(2) deliver such Physical Note to the Exchange Agent (at which time such Exchange will become irrevocable); (3) furnish any endorsements and transfer documents that the Company or the Exchange Agent may require; and (4) pay any amounts due
pursuant to Section 5.02(D) or Section 5.02(E). 
 (B)    Effect
of Exchanging a Note. At the Close of Business on the Exchange Date for a Note (or any portion thereof) to be Exchanged, such Note (or such portion) will (unless there occurs a Default in the delivery of the Exchange Consideration or interest
due, pursuant to Section 5.03(B) or 5.02(D), upon such Exchange) be deemed to cease to be outstanding (and, for the avoidance of doubt, no Person will be deemed to be a Holder of such Note (or such portion thereof) as of
the Close of Business on such Exchange Date), except to the extent provided in Section 5.02(D). 

(C)    Holder of Record of Exchange Shares. The Person in whose name any share of Common Stock is issuable upon
Exchange of any Note will be deemed to become the holder of record of such share as of the Close of Business on (i) the Exchange Date for such Exchange, in the case of Physical Settlement; or (ii) the last VWAP Trading Day of the
Observation Period for such Exchange, in the case of Combination Settlement. 
 (D)    Interest Payable upon Exchange
in Certain Circumstances. If the Exchange Date of a Note is after a Regular Record Date and before the next Interest Payment Date, then (i) the Holder of such Note at the Close of Business on such Regular Record Date will be entitled,
notwithstanding such Exchange (and, for the avoidance of doubt, notwithstanding anything set 

  
 - 40 - 

 
forth in the proviso to this sentence), to receive, on or, at the Company’s election, before such Interest Payment Date, the unpaid interest that would have accrued on such Note to, but
excluding, such Interest Payment Date (assuming, solely for these purposes, that such Note remained outstanding through such Interest Payment Date); and (ii) the Holder surrendering such Note for Exchange must deliver to the Exchange Agent, at
the time of such surrender, an amount of cash equal to the amount of such interest referred to in clause (i) above; provided, however, that the Holder surrendering such Note for Exchange need not deliver such cash (v) if the
Company has specified a Redemption Date that is after such Regular Record Date and on or before the second (2nd) Business Day immediately after such Interest Payment Date; (w) if such Exchange Date occurs after the Regular Record Date
immediately before the Maturity Date; (x) if the Company has specified a Fundamental Change Repurchase Date that is after such Regular Record Date and on or before the Business Day immediately after such Interest Payment Date; or (y) to
the extent of any overdue interest or interest that has accrued on any overdue interest. For the avoidance of doubt, as a result of, and without limiting the generality of, the foregoing, if a Note is Exchanged with an Exchange Date that is after
the Regular Record Date immediately before the Maturity Date, or as of the Close of Business on the Regular Record Date immediately before a Redemption Date or Fundamental Change Repurchase Date described in clause (v) or (x),
respectively, in the preceding sentence, then the Company will pay, as provided above, the interest that would have accrued on such Note to, but excluding, the next Interest Payment Date. For the avoidance of doubt, if the Exchange Date of a Note to
be Exchanged is on an Interest Payment Date, then the Holder of such Note at the Close of Business on the Regular Record Date immediately before such Interest Payment Date will be entitled to receive, on such Interest Payment Date, the unpaid
interest that has accrued on such Note to, but excluding, such Interest Payment Date, and such Note, when surrendered for Exchange, need not be accompanied by any cash amount pursuant to the first sentence of this
Section 5.02(D). 
 (E)    Taxes and Duties. If a Holder Exchanges a Note, the Company
will pay any documentary, stamp or similar issue or transfer tax or duty due on the issue or delivery of any shares of Common Stock upon such Exchange; provided, however, that if any tax or duty is due because such Holder requested
such shares to be registered in a name other than such Holder’s name, then such Holder will pay such tax or duty and, until having received a sum sufficient to pay such tax or duty, the Exchange Agent may refuse to deliver any such shares to be
issued in a name other than that of such Holder. 
 (F)    Exchange Agent to Notify Company of Exchanges. If any
Note is submitted for Exchange to the Exchange Agent or the Exchange Agent receives any notice of Exchange with respect to a Note, then the Exchange Agent will promptly (and, in any event, no later than the Business Day following the date the
Exchange Agent receives such Note or notice) notify the Company and the Trustee of such occurrence, together with any other information reasonably requested by the Company, and will cooperate with the Company to determine the Exchange Date for such
Note. 
 Section 5.03.    SETTLEMENT UPON EXCHANGE. 

(A)    Settlement Method. Upon the Exchange of any Note, the Company will settle such Exchange by paying or
delivering, as applicable and as provided in this Article 5, either (x) shares of Common Stock, together, if applicable, with cash in lieu of fractional shares as provided in 

  
 - 41 - 

 
Section 5.03(B)(i)(1) (a “Physical Settlement”); (y) solely cash as provided in Section 5.03(B)(i)(2) (a “Cash
Settlement”); or (z) a combination of cash and shares of Common Stock, together, if applicable, with cash in lieu of fractional shares as provided in Section 5.03(B)(i)(3) (a “Combination
Settlement”). 
 (i)    The Company’s Right to Elect Settlement Method. The Company
will have the right to elect the Settlement Method applicable to any Exchange of a Note; provided, however, that: 

(1)    subject to clause (3) below, all Exchanges of Notes with an Exchange Date that occurs on
or after January 3, 2028 will be settled using the same Settlement Method, and the Company will send notice of such Settlement Method to Holders, the Trustee and the Exchange Agent no later than the Open of Business on January 3, 2028;

 (2)    subject to clause (3) below, if the Company elects a Settlement Method with respect
to the Exchange of any Note whose Exchange Date occurs before January 3, 2028, then the Company will send notice of such Settlement Method to the Holder of such Note, the Trustee and the Exchange Agent no later than the Close of Business on the
Business Day immediately after such Exchange Date; 
 (3)    if any Notes are called for Redemption, then
(1) the Company will specify, in the related Redemption Notice (and, in the case of a Redemption of less than all outstanding Notes, in a notice simultaneously sent to all Holders of Notes not called for Redemption) sent pursuant to
Section 4.03(F), the Settlement Method that will apply to all Exchanges of Notes with an Exchange Date that occurs on or after the related Redemption Notice Date and on or before the second (2nd) Business Day before the
related Redemption Date; and (2) if such Redemption Date occurs on or after January 3, 2028, then such Settlement Method must be the same Settlement Method that, pursuant to clause (1) above, applies to all Exchanges of Notes
with an Exchange Date that occurs on or after January 3, 2028; 
 (4)    the Company will use the
same Settlement Method for all Exchanges of Notes with the same Exchange Date (and, for the avoidance of doubt, the Company will not be obligated to use the same Settlement Method with respect to Exchanges of Notes with different Exchange Dates,
except as provided in clause (1) or (3) above); 
 (5)    if the Company does not
timely elect a Settlement Method with respect to the Exchange of a Note, then the Company will be deemed to have elected the Default Settlement Method (and, for the avoidance of doubt, the failure to timely make such election will not constitute a
Default or Event of Default); 
 (6)    if the Company timely elects Combination Settlement with respect
to the Exchange of a Note but does not timely notify the Holder of such Note of the applicable Specified Dollar Amount, then the Specified Dollar Amount for such 

  
 - 42 - 

 
Exchange will be deemed to be $1,000 per $1,000 principal amount of Notes (and, for the avoidance of doubt, the failure to timely send such notification will not constitute a Default or Event of
Default); and 
 (7)    the Settlement Method will be subject to
Section 5.01(C)(i)(3)(a). 
 (ii)    The Company’s Right to
Irrevocably Fix the Settlement Method. The Company will have the right, exercisable at its election by sending notice of such exercise to the Holders (with a copy to the Trustee and the Exchange Agent), to (1) irrevocably fix the Settlement
Method that will apply to all Exchanges of Notes with an Exchange Date that occurs on or after the date such notice is sent to Holders; or (2) irrevocably elect Combination Settlement to apply to all Exchanges of Notes with an Exchange Date
that occurs on or after the date such notice is sent to Holders, and eliminate a Specified Dollar Amount or range of Specified Dollar Amounts that will apply to such Exchanges, provided, in each case, that (w) the Settlement Method(s) so
elected pursuant to clause (1) or (2) above must be a Settlement Method or Settlement Method(s), as applicable, that the Company is then permitted to elect (for the avoidance of doubt, including pursuant to, and subject to, the
other provisions of this Section 5.03(A)); (x) no such irrevocable election will affect any Settlement Method theretofore elected (or deemed to be elected) with respect to any Note pursuant to the Indenture (including
pursuant to Section 8.01(G) or this Section 5.03(A)); (y) upon any such irrevocable election pursuant to clause (1) above, the Default Settlement Method will automatically be deemed to
be set to the Settlement Method so fixed; and (z) upon any such irrevocable election pursuant to clause (2) above, the Company will, if needed, simultaneously change the Default Settlement Method to Combination Settlement with a
Specified Dollar Amount that is consistent with such irrevocable election. Such notice, if sent, must set forth the applicable Settlement Method and expressly state that the election is irrevocable and applicable to all Exchanges of Notes with an
Exchange Date that occurs on or after the date such notice is sent to Holders. For the avoidance of doubt, such an irrevocable election, if made, will be effective without the need to amend the Indenture or the Notes, including pursuant to
Section 8.01(G) (it being understood, however, that the Company may nonetheless choose to execute such an amendment at its option). 

(iii)    Requirement to Publicly Disclose the Fixed or Default Settlement Method. If the Company
changes the Default Settlement Method pursuant to clause (x) of the proviso to the definition of such term or irrevocably fixes the Settlement Method(s) pursuant Section 5.03(A)(ii), then the Parent Guarantor
will either post the Default Settlement Method or fixed Settlement Method(s), as applicable, on its website or disclose the same in a Current Report on Form 8-K (or any successor form) that is filed with, or
furnished to, the SEC. 
 (B)    Exchange Consideration. 

(i)    Generally. Subject to Sections 5.03(B)(ii), 5.03(B)(iii) and
5.09(A)(2), the type and amount of consideration (the “Exchange Consideration”) due in respect of each 

  
 - 43 - 

 
$1,000 principal amount of a Note to be Exchanged will be as follows: 

(1)    if Physical Settlement applies to such Exchange, a number of shares of Common Stock equal to the
Exchange Rate in effect on the Exchange Date for such Exchange; 
 (2)    if Cash Settlement applies to
such Exchange, cash in an amount equal to the sum of the Daily Exchange Values for each VWAP Trading Day in the Observation Period for such Exchange; or 

(3)    if Combination Settlement applies to such Exchange, consideration consisting of (a) a number of
shares of Common Stock equal to the sum of the Daily Share Amounts for each VWAP Trading Day in the Observation Period for such Exchange; and (b) an amount of cash equal to the sum of the Daily Cash Amounts for each VWAP Trading Day in such
Observation Period. 
 (ii)    Cash in Lieu of Fractional Shares. If Physical Settlement or
Combination Settlement applies to the Exchange of any Note and the number of shares of Common Stock deliverable pursuant to Section 5.03(B)(i) upon such Exchange is not a whole number, then such number will be rounded down
to the nearest whole number and the Company will deliver, in addition to the other consideration due upon such Exchange, cash in lieu of the related fractional share in an amount equal to the product of (1) such fraction and (2) (x) the Daily
VWAP on the Exchange Date for such Exchange (or, if such Exchange Date is not a VWAP Trading Day, the immediately preceding VWAP Trading Day), in the case of Physical Settlement; or (y) the Daily VWAP on the last VWAP Trading Day of the
Observation Period for such Exchange, in the case of Combination Settlement. 
 (iii)    Exchange of
Multiple Notes by a Single Holder. If a Holder Exchanges more than one (1) Note on a single Exchange Date, then the Exchange Consideration due in respect of such Exchange will (in the case of any Global Note, to the extent permitted by, and
practicable under, the Depositary Procedures) be computed based on the total principal amount of Notes Exchanged on such Exchange Date by such Holder. 

(iv)    Notice of Calculation of Exchange Consideration. If Cash Settlement or Combination
Settlement applies to the Exchange of any Note, then the Company will determine the Exchange Consideration due thereupon promptly following the last VWAP Trading Day of the applicable Observation Period and will promptly thereafter send notice to
the Trustee and the Exchange Agent of the same and the calculation thereof in reasonable detail. Neither the Trustee nor the Exchange Agent will have any duty to make any such determination. 

(C)    Delivery of the Exchange Consideration. Except as set forth in Sections 5.05(D) and
5.09, the Company will pay or deliver, as applicable, the Exchange Consideration due upon the Exchange of any Note to the Holder as follows: (i) if Cash Settlement or Combination Settlement applies to such Exchange, on the second (2nd)
Business Day immediately after the last VWAP Trading Day of the Observation Period for such Exchange; and (ii) if Physical Settlement applies to such Exchange, on the second (2nd) Business Day immediately after the Exchange Date

  
 - 44 - 

 
for such Exchange; provided, however, that if Physical Settlement applies to the Exchange of any Note with an Exchange Date that is after the Regular Record Date immediately before
the Maturity Date, then, solely for purposes of such Exchange, (x) the Company will pay or deliver, as applicable, the Exchange Consideration due upon such Exchange on the Maturity Date (or, if the Maturity Date is not a Business Day, the next
Business Day); and (y) the Exchange Date will instead be deemed to be the second (2nd) Business Day immediately before the Maturity Date. 

(D)    Deemed Payment of Principal and Interest; Settlement of Accrued Interest Notwithstanding Exchange. If a
Holder Exchanges a Note, then the Company will not adjust the Exchange Rate to account for any accrued and unpaid interest on such Note, and, except as provided in Section 5.02(D), the Company’s delivery of the
Exchange Consideration due in respect of such Exchange will be deemed to fully satisfy and discharge the Company’s obligation to pay the principal of, and accrued and unpaid interest, if any, on, such Note to, but excluding the Exchange Date.
As a result, except as provided in Section 5.02(D), any accrued and unpaid interest on an Exchanged Note will be deemed to be paid in full rather than cancelled, extinguished or forfeited. In addition, subject to
Section 5.02(D), if the Exchange Consideration for a Note consists of both cash and shares of Common Stock, then accrued and unpaid interest that is deemed to be paid therewith will be deemed to be paid first out of such
cash. 
 Section 5.04.    RESERVE AND STATUS OF
COMMON STOCK ISSUED UPON EXCHANGE. 

(A)    Stock Reserve. At all times when any Notes are outstanding, the Parent Guarantor will reserve (out of its
authorized and not outstanding but unissued shares of Common Stock that are not reserved for other purposes) a number of shares of Common Stock sufficient to permit the Exchange of all then-outstanding Notes, assuming (x) Physical Settlement
will apply to such Exchange; and (y) the Exchange Rate is increased by the maximum amount pursuant to which the Exchange Rate may be increased pursuant to Section 5.07. To the extent the Company delivers shares of
Common Stock held in the Parent Guarantor’s treasury in settlement of the Exchange of any Notes, each reference in the Indenture or the Notes to the issuance of shares of Common Stock in connection therewith will be deemed to include such
delivery, mutatis mutandis. 
 (B)    Status of Exchange Shares; Listing. Each Exchange Share, if any,
delivered upon Exchange of any Note will be a newly issued or treasury share (except that any Exchange Share delivered by a designated financial institution pursuant to Section 5.08 need not be a newly issued or treasury
share) and will be duly authorized, validly issued, fully paid, non-assessable, free from preemptive rights and free of any lien or adverse claim (except to the extent of any lien or adverse claim created by
the action or inaction of the Holder of such Note or the Person to whom such Exchange Share will be delivered). If the Common Stock is then listed on any securities exchange, or quoted on any inter-dealer quotation system, then the Parent Guarantor
will use commercially reasonable efforts to cause each Exchange Share, when delivered upon Exchange of any Note, to be admitted for listing on such exchange or quotation on such system. 

  
 - 45 - 

 Section 5.05.    ADJUSTMENTS TO THE
EXCHANGE RATE. 
 (A)    Events Requiring an Adjustment to the Exchange Rate.
The Exchange Rate will be adjusted from time to time as follows: 
 (i)    Stock Dividends, Splits and
Combinations. If the Parent Guarantor issues solely shares of Common Stock as a dividend or distribution on all or substantially all shares of the Common Stock, or if the Parent Guarantor effects a stock split or a stock combination of the
Common Stock (in each case excluding an issuance solely pursuant to a Common Stock Change Event, as to which Section 5.09 will apply), then the Exchange Rate will be adjusted based on the following formula: 

 
 

 
 where: 
  

					
	ER0	  	=	  	the Exchange Rate in effect immediately before the Open of Business on the Ex-Dividend Date for such dividend or distribution, or immediately before the Open of Business on the effective date
of such stock split or stock combination, as applicable;
			
	ER1	  	=    	  	the Exchange Rate in effect immediately after the Open of Business on such Ex-Dividend Date or effective date, as applicable;
			
	OS0	  	=	  	the number of shares of Common Stock outstanding immediately before the Open of Business on such Ex-Dividend Date or effective date, as applicable, without giving effect to such dividend,
distribution, stock split or stock combination; and
			
	OS1	  	=	  	the number of shares of Common Stock outstanding immediately after giving effect to such dividend, distribution, stock split or stock combination.

 If any dividend, distribution, stock split or stock combination of the type described in this
Section 5.05(A)(i) is declared or announced, but not so paid or made, then the Exchange Rate will be readjusted, effective as of the date the Parent Guarantor’s Board of Directors determines not to pay such dividend or
distribution or to effect such stock split or stock combination, to the Exchange Rate that would then be in effect had such dividend, distribution, stock split or stock combination not been declared or announced. 

(ii)    Rights, Options and Warrants. If the Parent Guarantor distributes, to all or substantially
all holders of Common Stock, rights, options or warrants (other than rights issued or otherwise distributed pursuant to a stockholder rights plan, as to which Sections 5.05(A)(iii)(1) and 5.05(F) will apply) entitling such holders, for
a period of not more than sixty (60) calendar days after the record date of such distribution, to subscribe for or purchase shares of Common Stock at a price per share that is less than the average of the Last Reported Sale Prices per share of
Common Stock for the ten (10) consecutive Trading Days ending on, and including, the Trading Day immediately before the date such distribution is announced, then the Exchange Rate will be increased based on the following formula: 

 
 

 

  
 - 46 - 

 where: 

 

					
	ER0	  	=	  	the Exchange Rate in effect immediately before the Open of Business on the Ex-Dividend Date for such distribution;
			
	ER1	  	=	  	the Exchange Rate in effect immediately after the Open of Business on such Ex-Dividend Date;
			
	OS	  	=    	  	the number of shares of Common Stock outstanding immediately before the Open of Business on such Ex-Dividend Date;
			
	X	  	=	  	the total number of shares of Common Stock issuable pursuant to such rights, options or warrants; and
			
	Y	  	=	  	a number of shares of Common Stock obtained by dividing (x) the aggregate price payable to exercise such rights, options or warrants by (y) the average of the Last Reported Sale Prices per share of Common Stock for the ten
(10) consecutive Trading Days ending on, and including, the Trading Day immediately before the date such distribution is announced.

 To the extent such rights, options or warrants are not so distributed, the Exchange Rate will be
readjusted to the Exchange Rate that would then be in effect had the increase to the Exchange Rate for such distribution been made on the basis of only the rights, options or warrants, if any, actually distributed. In addition, to the extent that
shares of Common Stock are not delivered after the expiration of such rights, options or warrants (including as a result of such rights, options or warrants not being exercised), the Exchange Rate will be readjusted to the Exchange Rate that would
then be in effect had the increase to the Exchange Rate for such distribution been made on the basis of delivery of only the number of shares of Common Stock actually delivered upon exercise of such rights, option or warrants. 

For purposes of this Section 5.05(A)(ii) and Section 5.01(C)(i)(3)(a)(I), in determining
whether any rights, options or warrants entitle holders of Common Stock to subscribe for or purchase shares of Common Stock at a price per share that is less than the average of the Last Reported Sale Prices per share of Common Stock for the ten
(10) consecutive Trading Days ending on, and including, the Trading Day immediately before the date the distribution of such rights, options or warrants is announced, and in determining the aggregate price payable to exercise such rights,
options or warrants, there will be taken into account any consideration the Parent Guarantor receives for such rights, options or warrants and any amount payable on exercise thereof, with the value of such consideration, if not cash, to be
determined by the Company in good faith and in a commercially reasonable manner. 

  
 - 47 - 

 (iii)    Spin-Offs and Other Distributed
Property. 
 (1)    Distributions Other than Spin-Offs. If the Parent Guarantor distributes
shares of its Capital Stock, evidences of its indebtedness or other assets or property of the Parent Guarantor, or rights, options or warrants to acquire Capital Stock of the Parent Guarantor or other securities, to all or substantially all holders
of the Common Stock, excluding: 
 (u)    dividends, distributions, rights, options or warrants for
which an adjustment to the Exchange Rate is required (or would be required without regard to Section 5.05(C)) pursuant to Section 5.05(A)(i) or 5.05(A)(ii); 

(v)    dividends or distributions paid exclusively in cash for which an adjustment to the Exchange Rate is
required (or would be required without regard to Section 5.05(C)) pursuant to Section 5.05(A)(iv); 

(w)    rights issued or otherwise distributed pursuant to a stockholder rights plan, except to the extent
provided in Section 5.05(F); 
 (x)    Spin-Offs for which an adjustment to
the Exchange Rate is required (or would be required without regard to Section 5.05(C)) pursuant to Section 5.05(A)(iii)(2); 

(y)    a distribution solely pursuant to a tender offer or exchange offer for shares of Common Stock, as
to which Section 5.05(A)(v) will apply; and 
 (z)    a distribution solely
pursuant to a Common Stock Change Event, as to which Section 5.09 will apply, 
 then the Exchange Rate will be
increased based on the following formula: 
  
 

 
 where: 
  

					
	ER0	  	=	  	the Exchange Rate in effect immediately before the Open of Business on the Ex-Dividend Date for such distribution;
			
	ER1	  	=	  	the Exchange Rate in effect immediately after the Open of Business on such Ex-Dividend Date;
			
	SP	  	=    	  	the average of the Last Reported Sale Prices per share of Common Stock for the ten (10) consecutive Trading Days ending on, and including, the Trading Day immediately before such
Ex-Dividend Date; and

  
 - 48 - 

					
	FMV	  	=    	  	the fair market value (as determined by the Company in good faith and in a commercially reasonable manner), as of such Ex-Dividend Date, of the shares of Capital Stock, evidences of
indebtedness, assets, property, rights, options or warrants distributed per share of Common Stock pursuant to such distribution;

 provided, however, that if FMV is equal to or greater than SP, then, in lieu
of the foregoing adjustment to the Exchange Rate, each Holder will receive, for each $1,000 principal amount of Notes held by such Holder on the record date for such distribution, at the same time and on the same terms as holders of Common Stock,
and without having to Exchange its Notes, the amount and kind of shares of Capital Stock, evidences of indebtedness, assets, property, rights, options or warrants that such Holder would have received if such Holder had owned, on such record date, a
number of shares of Common Stock equal to the Exchange Rate in effect on such record date. 
 To the extent such distribution is not so paid
or made, the Exchange Rate will be readjusted to the Exchange Rate that would then be in effect had the adjustment been made on the basis of only the distribution, if any, actually made or paid. 

(2)    Spin-Offs. If the Parent Guarantor distributes or dividends shares of Capital Stock of any
class or series, or similar equity interests, of or relating to an Affiliate, a Subsidiary or other business unit of the Parent Guarantor to all or substantially all holders of the Common Stock (other than solely pursuant to (x) a Common Stock
Change Event, as to which Section 5.09 will apply; or (y) a tender offer or exchange offer for shares of Common Stock, as to which Section 5.05(A)(v) will apply), and such Capital Stock or
equity interests are listed or quoted (or will be listed or quoted upon the consummation of the transaction) on a U.S. national securities exchange (a “Spin-Off”), then the Exchange Rate will
be increased based on the following formula: 
  
 

 
 where: 
  

					
	ER0	  	=	  	the Exchange Rate in effect immediately before the Close of Business on the last Trading Day of the Spin-Off Valuation Period for such
Spin-Off;
			
	ER1	  	=    	  	the Exchange Rate in effect immediately after the Close of Business on the last Trading Day of the Spin-Off Valuation Period;

  
 - 49 - 

					
	FMV	  	=    	  	the product of (x) the average of the Last Reported Sale Prices per share or unit of the Capital Stock or equity interests distributed in such Spin-Off over the ten (10) consecutive
Trading Day period (the “Spin-Off Valuation Period”) beginning on, and including, the Ex-Dividend Date for such
Spin-Off (such average to be determined as if references to Common Stock in the definitions of Last Reported Sale Price, Trading Day and Market Disruption Event were instead references to such Capital Stock or
equity interests); and (y) the number of shares or units of such Capital Stock or equity interests distributed per share of Common Stock in such Spin-Off; and
			
	SP	  	=	  	the average of the Last Reported Sale Prices per share of Common Stock for each Trading Day in the Spin-Off Valuation Period.

 Notwithstanding anything to the contrary in this Section 5.05(A)(iii)(2), (i)
if any VWAP Trading Day of the Observation Period for a Note whose Exchange will be settled pursuant to Cash Settlement or Combination Settlement occurs during the Spin-Off Valuation Period for such Spin-Off, then, solely for purposes of determining the Exchange Rate for such VWAP Trading Day for such Exchange, such Spin-Off Valuation Period will be deemed to consist of
the Trading Days occurring in the period from, and including, the Ex-Dividend Date for such Spin-Off to, and including, such VWAP Trading Day; and (ii) if the
Exchange Date for a Note whose Exchange will be settled pursuant to Physical Settlement occurs during the Spin-Off Valuation Period for such Spin-Off, then, solely for
purposes of determining the Exchange Consideration for such Exchange, such Spin-Off Valuation Period will be deemed to consist of the Trading Days occurring in the period from, and including, the Ex-Dividend Date for such Spin-Off to, and including, such Exchange Date. 

To the extent any dividend or distribution of the type set forth in this Section 5.05(A)(iii)(2) is declared but not
made or paid, the Exchange Rate will be readjusted to the Exchange Rate that would then be in effect had the adjustment been made on the basis of only the dividend or distribution, if any, actually made or paid. 

(iv)    Cash Dividends or Distributions. If any cash dividend or distribution is made to all or
substantially all holders of Common Stock, then the Exchange Rate will be increased based on the following formula: 
  

 

  
 - 50 - 

 where: 

 

					
	ER0	  	=	  	the Exchange Rate in effect immediately before the Open of Business on the Ex-Dividend Date for such dividend or distribution;
			
	ER1	  	=    	  	the Exchange Rate in effect immediately after the Open of Business on such Ex-Dividend Date;
			
	SP	  	=	  	the Last Reported Sale Price per share of Common Stock on the Trading Day immediately before such Ex-Dividend Date; and
			
	D	  	=	  	the cash amount distributed per share of Common Stock in such dividend or distribution;

 provided, however, that if D is equal to or greater than SP, then, in lieu of
the foregoing adjustment to the Exchange Rate, each Holder will receive, for each $1,000 principal amount of Notes held by such Holder on the record date for such dividend or distribution, at the same time and on the same terms as holders of Common
Stock, and without having to Exchange its Notes, the amount of cash that such Holder would have received if such Holder had owned, on such record date, a number of shares of Common Stock equal to the Exchange Rate in effect on such record date. 

To the extent such dividend or distribution is declared but not made or paid, the Exchange Rate will be readjusted to the Exchange Rate that
would then be in effect had the adjustment been made on the basis of only the dividend or distribution, if any, actually made or paid. 

(v)    Tender Offers or Exchange Offers. If the Company, the Parent Guarantor or any of their
respective Subsidiaries makes a payment in respect of a tender offer or exchange offer for shares of Common Stock (other than solely pursuant to an odd-lot tender offer pursuant to Rule 13e-4(h)(5) under the Exchange Act), and the value (determined as of the Expiration Time by the Company in good faith and in a commercially reasonable manner) of the cash and other consideration paid per share of
Common Stock in such tender or exchange offer exceeds the Last Reported Sale Price per share of Common Stock on the Trading Day immediately after the last date (the “Expiration Date”) on which tenders or exchanges may be made
pursuant to such tender or exchange offer (as it may be amended), then the Exchange Rate will be increased based on the following formula: 
  

 
 where: 
  

					
	ER0	  	=    	  	the Exchange Rate in effect immediately before the Close of Business on the last Trading Day of the Tender/Exchange Offer Valuation Period for such tender or exchange
offer;

  
 - 51 - 

					
	ER1	  	=	  	the Exchange Rate in effect immediately after the Close of Business on the last Trading Day of the Tender/Exchange Offer Valuation Period;
			
	AC	  	=    	  	the aggregate value (determined as of the time (the “Expiration Time”) such tender or exchange offer expires by the Company in good faith and in a commercially reasonable manner) of all cash and other consideration
paid for shares of Common Stock purchased or exchanged in such tender or exchange offer;
			
	OS0	  	=	  	the number of shares of Common Stock outstanding immediately before the Expiration Time (including all shares of Common Stock accepted for purchase or exchange in such tender or exchange offer);
			
	OS1	  	=	  	the number of shares of Common Stock outstanding immediately after the Expiration Time (excluding all shares of Common Stock accepted for purchase or exchange in such tender or exchange offer); and
			
	SP	  	=	  	the average of the Last Reported Sale Prices per share of Common Stock over the ten (10) consecutive Trading Day period (the “Tender/Exchange Offer Valuation Period”) beginning on, and including, the Trading
Day immediately after the Expiration Date;

 provided, however, that the Exchange Rate will in no event be adjusted down pursuant to
this Section 5.05(A)(v), except to the extent provided in the immediately following paragraph. Notwithstanding anything to the contrary in this Section 5.05(A)(v), (i) if any VWAP Trading Day of
the Observation Period for a Note whose Exchange will be settled pursuant to Cash Settlement or Combination Settlement occurs during the Tender/Exchange Offer Valuation Period for such tender or exchange offer, then, solely for purposes of
determining the Exchange Rate for such VWAP Trading Day for such Exchange, such Tender/Exchange Offer Valuation Period will be deemed to consist of the Trading Days occurring in the period from, and including, the Trading Day immediately after the
Expiration Date for such tender or exchange offer to, and including, such VWAP Trading Day; and (ii) if the Exchange Date for a Note whose Exchange will be settled pursuant to Physical Settlement occurs during the Tender/Exchange Offer
Valuation Period for such tender or exchange offer, then, solely for purposes of determining the Exchange Consideration for such Exchange, such Tender/Exchange Offer Valuation Period will be deemed to consist of the Trading Days occurring in the
period from, and including, the Trading Day immediately after the Expiration Date to, and including, such Exchange Date. 
 To the extent
such tender or exchange offer is announced but not consummated (including as a result of being precluded from consummating such tender or exchange offer under applicable law), or any purchases or exchanges of shares of Common Stock in such tender or
exchange offer are rescinded, the Exchange Rate will be readjusted to the Exchange Rate that would then be in effect had the adjustment been made on the basis of only the purchases or exchanges of shares of Common Stock, if any, actually made, and
not rescinded, in such tender or exchange offer. 

  
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 (B)    No Adjustments in Certain Cases. 

(i)    Where Holders Participate in the Transaction or Event Without Exchange. Notwithstanding
anything to the contrary in Section 5.05(A), the Company will not be obligated to adjust the Exchange Rate on account of a transaction or other event otherwise requiring an adjustment pursuant to
Section 5.05(A) (other than a stock split or combination of the type set forth in Section 5.05(A)(i) or a tender or exchange offer of the type set forth in
Section 5.05(A)(v)) if each Holder participates, at the same time and on the same terms as holders of Common Stock, and solely by virtue of being a Holder of Notes, in such transaction or event without having to Exchange
such Holder’s Notes and as if such Holder held a number of shares of Common Stock equal to the product of (i) the Exchange Rate in effect on the related record date; and (ii) the aggregate principal amount (expressed in thousands) of
Notes held by such Holder on such date. 
 (ii)    Certain Events. The Company will not be
required to adjust the Exchange Rate except as provided in Section 5.05 or Section 5.07. Without limiting the foregoing, the Company will not be obligated to adjust the Exchange Rate on account of:

 (1)    except as otherwise provided in Section 5.05, the sale of shares of
Common Stock for a purchase price that is less than the market price per share of Common Stock or less than the Exchange Price; 

(2)    the issuance of any shares of Common Stock pursuant to any present or future plan providing for the
reinvestment of dividends or interest payable on the Parent Guarantor’s securities and the investment of additional optional amounts in shares of Common Stock under any such plan; 

(3)    the issuance of any shares of Common Stock or options or rights to purchase shares of Common Stock
pursuant to any present or future employee, director or consultant benefit plan or program of, or assumed by, the Parent Guarantor or any of its Subsidiaries; 

(4)    the issuance of any shares of Common Stock pursuant to any option, warrant, right or convertible or
exchangeable security of the Company or the Parent Guarantor outstanding as of the Issue Date; 

(5)    solely a change in the par value of the Common Stock; or 

(6)    accrued and unpaid interest on the Notes. 

(C)    Adjustment Deferral. If an adjustment to the Exchange Rate otherwise required by this Article 5 would
result in a change of less than one percent (1%) to the Exchange Rate, then, notwithstanding anything to the contrary in this Article 5, the Company may, at its election, defer such adjustment, except that all such deferred adjustments must
be given effect immediately upon the earliest of the following: (i) when all such deferred adjustments would result in a change of at least one percent (1%) to the Exchange Rate; (ii) the Exchange Date of, or any VWAP Trading Day of an
Observation Period for, any Note; (iii) the effective date of a Fundamental Change or Make-Whole Fundamental Change; (iv) the date the Company calls any Notes for Redemption; and (v) January 3, 2028. 

  
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 (D)    Adjustments Not Yet Effective. Notwithstanding anything to
the contrary in the Indenture or the Notes, if: 
 (i)    a Note is to be Exchanged pursuant to Physical
Settlement or Combination Settlement; 
 (ii)    the record date, effective date or Expiration Time for
any event that requires an adjustment to the Exchange Rate pursuant to Section 5.05(A) has occurred on or before the Exchange Date for such Exchange (in the case of Physical Settlement) or on or before any VWAP Trading Day
in the Observation Period for such Exchange (in the case of Combination Settlement), but an adjustment to the Exchange Rate for such event has not yet become effective as of such Exchange Date or VWAP Trading Day, as applicable; 

(iii)    the Exchange Consideration due upon such Exchange includes any whole shares of Common Stock (in
the case of Physical Settlement) or due in respect of such VWAP Trading Day includes any whole or fractional shares of Common Stock (in the case of Combination Settlement); and 

(iv)    such shares are not entitled to participate in such event (because they were not held on the
related record date or otherwise), 
 then, solely for purposes of such Exchange, the Company will, without duplication, give effect to such adjustment on
such Exchange Date (in the case of Physical Settlement) or such VWAP Trading Day (in the case of Combination Settlement). In such case, if the date on which the Company is otherwise required to deliver the consideration due upon such Exchange is
before the first date on which the amount of such adjustment can be determined, then the Company will delay the settlement of such Exchange until the second (2nd) Business Day after such first date. 

(E)    Exchange Rate Adjustments where Exchanging Holders Participate in the Relevant Transaction or Event.
Notwithstanding anything to the contrary in the Indenture or the Notes, if: 
 (i)    an Exchange Rate
adjustment for any dividend or distribution becomes effective on any Ex-Dividend Date pursuant to Section 5.05(A); 

(ii)    a Note is to be Exchanged pursuant to Physical Settlement or Combination Settlement; 

(iii)    the Exchange Date for such Exchange (in the case of Physical Settlement) or any VWAP Trading Day
in the Observation Period for such Exchange (in the case of Combination Settlement) occurs on or after such Ex-Dividend Date and on or before the related record date; 

(iv)    the Exchange Consideration due upon such Exchange includes any whole shares of Common Stock (in the
case of Physical Settlement) or due in respect of such VWAP Trading Day includes any whole or fractional shares of Common Stock (in the case of Combination Settlement), in each case based on an Exchange Rate that is adjusted for such dividend or
distribution; and 

  
 - 54 - 

 (v)    such shares would be entitled to participate in
such dividend or distribution (including pursuant to Section 5.02(C)), 
 then (x) in the case of Physical Settlement, such
Exchange Rate adjustment will not be given effect for such Exchange and the shares of Common Stock issuable upon such Exchange based on such unadjusted Exchange Rate will not be entitled to participate in such dividend or distribution, but there
will be added, to the Exchange Consideration otherwise due upon such Exchange, the same kind and amount of consideration that would have been delivered in such dividend or distribution with respect to such shares of Common Stock had such shares been
entitled to participate in such dividend or distribution; and (y) in the case of Combination Settlement, the Exchange Rate adjustment relating to such Ex-Dividend Date will be made for such Exchange in
respect of such VWAP Trading Day, but the shares of Common Stock issuable with respect to such VWAP Trading Day based on such adjusted Exchange Rate will not be entitled to participate in such dividend or distribution. 

(F)    Stockholder Rights Plans. If the Parent Guarantor has a stockholder rights plan in effect upon Exchange of
any Notes into Common Stock, the Holder Exchanging such Notes will receive, in addition to any shares of Common Stock such Holder receives in connection with such Exchange, the rights under such stockholder rights plan. However, if, prior to any
Exchange of Notes, the rights have separated from the shares of Common Stock in accordance with the provisions of the applicable stockholder rights plan, then the Exchange Rate will be adjusted pursuant to
Section 5.05(A)(iii)(1) at the time of such separation as if the Parent Guarantor distributed, to all or substantially all holders of Common Stock, shares of its capital stock, evidences of indebtedness, assets, property,
rights, options or warrants as described above in Section 5.05(A)(iii)(1), subject to potential readjustment in accordance with the last paragraph of Section 5.05(A)(iii)(1). 

(G)    Limitation on Effecting Transactions Resulting in Certain Adjustments. Neither the Parent Guarantor nor the
Company will engage in or be a party to any transaction or event that would require the Exchange Rate to be adjusted pursuant to Section 5.05(A) or Section 5.07 to an amount that would result in
the Exchange Price per share of Common Stock being less than the par value per share of Common Stock. 

(H)    Equitable Adjustments to Prices. Whenever any provision of this Supplemental Indenture requires the Company
to calculate the average of the Last Reported Sale Prices, or any function thereof, over a period of multiple days (including to calculate the Stock Price or an adjustment to the Exchange Rate), or to calculate Daily VWAPs, Daily Exchange Values,
Daily Cash Amounts or Daily Share Amounts over an Observation Period, the Company will, if appropriate, make proportionate adjustments to such calculations to account for any adjustment to the Exchange Rate that becomes effective, or any event
requiring an adjustment to the Exchange Rate where the Ex-Dividend Date, effective date or Expiration Date, as applicable, of such event occurs, at any time during such period or Observation Period, as
applicable. 

  
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 (I)    Calculation of Number of Outstanding Shares of Common
Stock. For purposes of Section 5.05(A), the number of shares of Common Stock outstanding at any time will (i) include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of Common
Stock; and (ii) exclude shares of Common Stock held in the Company’s treasury (unless the Company pays any dividend or makes any distribution on shares of Common Stock held in its treasury). 

(J)    Calculations. All calculations with respect to the Exchange Rate and adjustments thereto will be made to the
nearest 1/10,000th of a share of Common Stock (with 5/100,000ths rounded upward). 
 (K)    Notice of Exchange Rate
Adjustments. Upon the effectiveness of any adjustment to the Exchange Rate pursuant to Section 5.05(A), the Company will promptly send notice to the Holders, the Trustee and the Exchange Agent containing (i) a
brief description of the transaction or other event on account of which such adjustment was made; (ii) the Exchange Rate in effect immediately after such adjustment; and (iii) the effective time of such adjustment. 

Section 5.06.    VOLUNTARY ADJUSTMENTS. 

(A)    Generally. To the extent permitted by law and applicable stock exchange rules, the Company, from time to
time, may (but is not required to) increase the Exchange Rate by any amount if (i) the Company or the Parent Guarantor determines that such increase is either (x) in the best interest of the Company or the Parent Guarantor; or
(y) advisable to avoid or diminish any income tax imposed on holders of Common Stock or rights to purchase Common Stock as a result of any dividend or distribution of shares (or rights to acquire shares) of Common Stock or any similar event;
(ii) such increase is in effect for a period of at least twenty (20) Business Days; and (iii) such increase is irrevocable during such period. 

(B)    Notice of Voluntary Increases. If the Company or the Parent Guarantor determines to increase the Exchange
Rate pursuant to Section 5.06(A), then, no later than the first Business Day of the related twenty (20) Business Day period referred to in Section 5.06(A), the Company will send notice to each
Holder, the Trustee and the Exchange Agent of such increase, the amount thereof and the period during which such increase will be in effect. 

Section 5.07.    ADJUSTMENTS TO THE EXCHANGE RATE
IN CONNECTION WITH A MAKE-WHOLE FUNDAMENTAL CHANGE. 

(A)    Generally. If a Make-Whole Fundamental Change occurs and the Exchange Date for the Exchange of a Note occurs
during the related Make-Whole Fundamental Change Exchange Period, then, subject to this Section 5.07, the Exchange Rate applicable to such Exchange will be increased by a number of shares (the “Additional
Shares”) set forth in the table below 

  
 - 56 - 

 
corresponding (after interpolation as provided in, and subject to, the provisions below) to the Make-Whole Fundamental Change Effective Date and the Stock Price of such Make-Whole Fundamental
Change: 
  

																																																					
	 	 	Stock Price	 
	 Make-Whole

Fundamental
 Change

Effective

Date              

	 	$4.83	 	 	$5.00	 	 	$5.50	 	 	$6.28	 	 	$7.25	 	 	$8.16	 	 	$10.00	 	 	$12.00	 	 	$15.00	 	 	$20.00	 	 	$25.00	 	 	$35.00	 	 	$50.00	 
	 March 19, 2021
	 	 	47.7783	 	 	 	47.7783	 	 	 	41.0572	 	 	 	32.3332	 	 	 	24.9235	 	 	 	20.1248	 	 	 	13.9424	 	 	 	9.9780	 	 	 	6.5167	 	 	 	3.5364	 	 	 	1.9991	 	 	 	0.5850	 	 	 	0.0013	 
	 April 1, 2022
	 	 	47.7783	 	 	 	47.7772	 	 	 	39.8706	 	 	 	30.9552	 	 	 	23.5114	 	 	 	18.7689	 	 	 	12.8030	 	 	 	9.0830	 	 	 	5.9027	 	 	 	3.1990	 	 	 	1.8050	 	 	 	0.5164	 	 	 	0.0000	 
	 April 1, 2023
	 	 	47.7783	 	 	 	46.6780	 	 	 	38.4269	 	 	 	29.2594	 	 	 	21.7727	 	 	 	17.1130	 	 	 	11.4334	 	 	 	8.0230	 	 	 	5.1893	 	 	 	2.8166	 	 	 	1.5899	 	 	 	0.4453	 	 	 	0.0000	 
	 April 1, 2024
	 	 	47.7783	 	 	 	45.3742	 	 	 	36.6593	 	 	 	27.1518	 	 	 	19.6103	 	 	 	15.0715	 	 	 	9.7801	 	 	 	6.7696	 	 	 	4.3645	 	 	 	2.3833	 	 	 	1.3493	 	 	 	0.3673	 	 	 	0.0000	 
	 April 1, 2025
	 	 	47.7783	 	 	 	43.8208	 	 	 	34.4607	 	 	 	24.4853	 	 	 	16.8835	 	 	 	12.5305	 	 	 	7.7875	 	 	 	5.3029	 	 	 	3.4249	 	 	 	1.8969	 	 	 	1.0805	 	 	 	0.2835	 	 	 	0.0000	 
	 April 1, 2026
	 	 	47.7783	 	 	 	41.9507	 	 	 	31.6024	 	 	 	20.9279	 	 	 	13.2889	 	 	 	9.2704	 	 	 	5.3837	 	 	 	3.6185	 	 	 	2.3777	 	 	 	1.3528	 	 	 	0.7783	 	 	 	0.1933	 	 	 	0.0000	 
	 April 1, 2027
	 	 	47.7783	 	 	 	41.3449	 	 	 	27.5600	 	 	 	15.6505	 	 	 	8.1607	 	 	 	4.9352	 	 	 	2.5931	 	 	 	1.7981	 	 	 	1.2431	 	 	 	0.7313	 	 	 	0.4269	 	 	 	0.0963	 	 	 	0.0000	 
	 April 1, 2028
	 	 	47.7783	 	 	 	40.7390	 	 	 	22.5572	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 

 If such Make-Whole Fundamental Change Effective Date or Stock Price is not set forth in the table above, then:

 (i)    if such Stock Price is between two Stock Prices in the table above or the Make-Whole
Fundamental Change Effective Date is between two dates in the table above, then the number of Additional Shares will be determined by straight-line interpolation between the numbers of Additional Shares set forth for the higher and lower Stock
Prices in the table above or the earlier and later dates in the table above, based on a 365- or 366-day year, as applicable; and 

(ii)    if the Stock Price is greater than $50.00 (subject to adjustment in the same manner as the Stock
Prices set forth in the column headings of the table above are adjusted pursuant to Section 5.07(B)), or less than $4.83 (subject to adjustment in the same manner), per share, then no Additional Shares will be added to the
Exchange Rate. 
 Notwithstanding anything to the contrary in the Indenture or the Notes, in no event will the Exchange Rate be increased to
an amount that exceeds 207.0393 shares of Common Stock per $1,000 principal amount of Notes, which amount is subject to adjustment in the same manner as, and at the same time and for the same events for which, the Exchange Rate is required to be
adjusted pursuant to Section 5.05(A). 
 For the avoidance of doubt, but subject to
Section 4.03(I), (x) the sending of a Redemption Notice will constitute a Make-Whole Fundamental Change only with respect to the Notes called (or deemed called) for Redemption pursuant to such Redemption Notice, and not
with respect to any other Notes; and (y) the Exchange Rate applicable to the Notes not so called for Redemption will not be subject to increase pursuant to this Section 5.07 on account of such Redemption Notice. 

(B)    Adjustment of Stock Prices and Number of Additional Shares. The Stock Prices in the first row (i.e.,
the column headers) of the table set forth in Section 5.07(A) will be adjusted in the same manner as, and at the same time and for the same events for which, the Exchange Price is adjusted as a result of the operation of
Section 5.05(A). The numbers of Additional Shares in the table set forth in Section 5.07(A) will be adjusted in the same manner as, and at the same time and for the same events for which, the
Exchange Rate is adjusted pursuant to Section 5.05(A). 
 (C)    Notice of the Occurrence
of a Make-Whole Fundamental Change. The Company will notify the Holders, the Trustee and the Exchange Agent of each Make-Whole Fundamental Change (i) occurring pursuant to clause (A) of the definition thereof in accordance with
Section 5.01(C)(i)(3)(b); and (ii) occurring pursuant to clause (B) of the definition thereof in accordance with Section 4.03(F). 

  
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 Section 5.08.    TRANSFER OF NOTES
TO BE EXCHANGED TO A THIRD PARTY FOR SETTLEMENT. 

Notwithstanding anything to the contrary in this Article 5, and subject to the terms of this Section 5.08, if
a Note is submitted for Exchange, the Company may elect to arrange to transfer such Note to a financial institution, designated by the Company, that will deliver the consideration due upon such Exchange. To make such election, the Company must send
notice of such election to the Holder of such Note, the Trustee and the Exchange Agent before the Close of Business on the Business Day immediately following the Exchange Date for such Note. If the Company has made such election, then: 

(A)    no later than the Business Day immediately following such Exchange Date, the Company must deliver (or cause the
Exchange Agent to deliver) such Note, together with delivery instructions for the Exchange Consideration due upon such Exchange (including wire instructions, if applicable), to a financial institution designated by the Company that has agreed to
deliver such Exchange Consideration in the manner and at the time the Company would have had to deliver the same pursuant to this Article 5; 

(B)    if such Note is a Global Note, then (i) such designated institution will send written confirmation to the
Exchange Agent promptly after wiring the cash Exchange Consideration, if any, and delivering any other Exchange Consideration, due upon such Exchange to the Holder of such Note; and (ii) the Exchange Agent will as soon as reasonably practicable
thereafter contact such Holder’s custodian with the Depositary to confirm receipt of the same; and 
 (C)    such
Note will not cease to be outstanding by reason of such exchange in lieu of Exchange; 
 provided, however, that if such financial institution
does not accept such Note or fails to timely deliver such Exchange Consideration, then the Company will be responsible for delivering such Exchange Consideration in the manner and at the time provided in this Article 5 as if the Company had
not elected to make an exchange in lieu of Exchange. 
 Section 5.09.    EFFECT OF
COMMON STOCK CHANGE EVENT. 
 (A)    Generally. If
there occurs any: 
 (i)    recapitalization, reclassification or change of the Common Stock (other than
(x) changes solely resulting from a subdivision or combination of the Common Stock, (y) a change only in par value or from par value to no par value or no par value to par value and (z) stock splits and stock combinations that do not
involve the issuance of any other series or class of securities); 
 (ii)    consolidation, merger,
combination or binding or statutory share exchange involving the Parent Guarantor; 
 (iii)    sale,
lease or other transfer of all or substantially all of the assets of the Parent Guarantor and its Subsidiaries, taken as a whole, to any Person; or 

  
 - 58 - 

 (iv)    other similar event, 

and, as a result of which, the Common Stock is converted into, or is exchanged for, or represents solely the right to receive, other securities, cash or other
property, or any combination of the foregoing (such an event, a “Common Stock Change Event,” and such other securities, cash or property, the “Reference Property,” and the amount and kind of Reference Property that
a holder of one (1) share of Common Stock would be entitled to receive on account of such Common Stock Change Event (without giving effect to any arrangement not to issue or deliver a fractional portion of any security or other property), a
“Reference Property Unit”), then, notwithstanding anything to the contrary in the Indenture or the Notes, 

(1)    from and after the effective time of such Common Stock Change Event, (I) the Exchange
Consideration due upon Exchange of any Note, and the conditions to any such Exchange, will be determined in the same manner as if each reference to any number of shares of Common Stock in this Article 5 (or in any related definitions) were
instead a reference to the same number of Reference Property Units; (II) for purposes of Section 4.03, each reference to any number of shares of Common Stock in such Section (or in any related definitions) will instead
be deemed to be a reference to the same number of Reference Property Units; and (III) for purposes of the definitions of “Fundamental Change” and “Make-Whole Fundamental Change,” references to the “Common Stock”
and the Parent Guarantor’s “common equity” will be deemed to refer to the common equity (including depositary receipts representing common equity), if any, forming part of such Reference Property; 

(2)    if such Reference Property Unit consists entirely of cash, then (I) each Exchange of any Note
with an Exchange Date that occurs on or after the effective date of such Common Stock Change Event will be settled entirely in cash in an amount, per $1,000 principal amount of such Note being Exchanged, equal to the product of (x) the Exchange
Rate in effect on such Exchange Date (including, for the avoidance of doubt, any increase to such Exchange rate pursuant to Section 5.07, if applicable); and (y) the amount of cash constituting such reference property
unit; and (II) the Company will settle each such Exchange no later than the third (3rd) Business Day after the relevant Exchange Date; and 

(3)    for these purposes, (I) the Daily VWAP of any Reference Property Unit or portion thereof that
consists of a class of common equity securities will be determined by reference to the definition of “Daily VWAP,” substituting, if applicable, the Bloomberg page for such class of securities in such definition; and (II) the Daily
VWAP of any Reference Property Unit or portion thereof that does not consist of a class of common equity securities, and the Last Reported Sale Price of any Reference Property Unit or portion thereof that does not consist of a class of securities,
will be the fair value of such Reference Property Unit or portion thereof, as applicable, determined in good faith by the Company (or, in the case of cash denominated in U.S. dollars, the face amount thereof). 

If the Reference Property consists of more than a single type of consideration to be determined based in part upon any form of stockholder
election, then the composition of the 

  
 - 59 - 

 
Reference Property Unit will be deemed to be the weighted average of the types and amounts of consideration actually received, per share of Common Stock, by the holders of Common Stock. The
Company will notify Holders of such weighted average as soon as practicable after such determination is made. 
 At or before the effective
time of such Common Stock Change Event, the Company and the resulting, surviving or transferee Person (if not the Company or the Parent Guarantor) of such Common Stock Change Event (the “Successor Person”) will execute and deliver
to the Trustee a supplemental indenture pursuant to Section 8.01(F), which supplemental indenture will (x) provide for the settlement of subsequent Exchanges of Notes in the manner set forth in this
Section 5.09; (y) provide for subsequent adjustments to the Exchange Rate pursuant to Section 5.05(A) in a manner consistent with this Section 5.09; and (z) contain
such other provisions, if any, that the Company reasonably determines are appropriate to preserve the economic interests of the Holders and to give effect to the provisions of this Section 5.09(A). If the Reference Property
includes shares of stock or other securities or assets (other than cash) of a Person other than the Successor Person, then such other Person will also execute such supplemental indenture and such supplemental indenture will contain such additional
provisions, if any, that the Company reasonably determines are appropriate to preserve the economic interests of the Holders. 

(B)    Notice of Common Stock Change Events. The Company will provide notice of each Common Stock Change Event to
Holders, the Trustee and the Exchange Agent no later than the second (2nd) Business Day after the effective date of such Common Stock Change Event. 

(C)    Compliance Covenant. The Parent Guarantor will not become a party to any Common Stock Change Event unless
its terms are consistent with this Section 5.09. 
 Article 6.    SUCCESSORS 

Section 6.01.    WHEN THE COMPANY MAY MERGE,
ETC. 
 (A)    Generally. The Company will not consolidate with or merge with or into, or
(directly, or indirectly through one or more of its Subsidiaries) sell, lease or otherwise transfer, in one transaction or a series of transactions, all or substantially all of the assets of the Company and its Subsidiaries, taken as a whole, to
another Person (other than any Guarantor) (a “Business Combination Event”), unless: 

(i)    the resulting, surviving or transferee Person either (x) is the Company or (y) if not the
Company, is a corporation (or, if such Business Combination Event is an Exempted Fundamental Change, is a corporation, limited liability company, limited partnership or other similar entity) (the “Successor Entity”) duly organized
and existing under the laws of the United States of America, any State thereof or the District of Columbia that expressly assumes (by executing and delivering to the Trustee, at or before the effective time of such Business Combination Event, a
supplemental indenture pursuant to Section 8.01(E)) all of the Company’s obligations under the Indenture and the Notes; and 

(ii)    immediately after giving effect to such Business Combination Event, no Default or Event of Default
will have occurred and be continuing. 

  
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 (B)    Delivery of Officer’s Certificate and Opinion of Counsel
to the Trustee. Before the effective time of any Business Combination Event, the Company will deliver to the Trustee an Officer’s Certificate and Opinion of Counsel, each stating that (i) such Business Combination Event (and, if
applicable, the related supplemental indenture) comply with Section 6.01(A); and (ii) all conditions precedent to such Business Combination Event provided in the Indenture have been satisfied. 

Section 6.02.    SUCCESSOR ENTITY SUBSTITUTED. 

At the effective time of any Business Combination Event that complies with Section 6.01, the Successor Entity (if not
the Company) will succeed to, and may exercise every right and power of, the Company under the Indenture and the Notes with the same effect as if such Successor Entity had been named as the Company in the Indenture and the Notes, and, except in the
case of a lease, the predecessor Company will be discharged from its obligations under the Indenture and the Notes. 

Section 6.03.    EXCLUSION FOR ASSET TRANSFERS WITH
WHOLLY OWNED SUBSIDIARIES. 
 Notwithstanding anything to the contrary in this Article
6, this Article 6 will not apply to any transfer of assets between or among the Company and any one or more of its Wholly Owned Subsidiaries not effected by merger or consolidation. 

Article 7.    DEFAULTS AND REMEDIES 

Section 7.01.    EVENTS OF DEFAULT. 

(A)    Definition of Events of Default. “Event of Default” means the occurrence of any of the
following: 
 (i)    a default in the payment when due (whether at maturity, upon Redemption or
Repurchase Upon Fundamental Change or otherwise) of the principal of, or the Redemption Price or Fundamental Change Repurchase Price for, any Note; 

(ii)    a default for thirty (30) consecutive days in the payment when due of interest on any Note;

 (iii)    the Company’s failure to deliver, when required by the Indenture, a Fundamental Change
Notice, or a notice pursuant to Section 5.01(C)(i)(3), if (in the case of any notice other than a notice pursuant to Section 5.01(C)(i)(3)(a)) such failure is not cured within two
(2) Business Days after its occurrence; 
 (iv)    a default in the Company’s obligation to
Exchange a Note in accordance with Article 5 upon the exercise of the Exchange right with respect thereto, if such default is not cured within two (2) Business Days after its occurrence; 

(v)    a default in the Company’s obligations under Article 6 or in any Guarantor’s
obligations under Section 9.04; 

  
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 (vi)    a default in any of the Company’s
obligations or agreements, or in any Guarantor’s obligations or agreements, under the Indenture or the Notes (other than a default set forth in clause (i), (ii), (iii), (iv) or (v) of this
Section 7.01(A)) where such default is not cured or waived within sixty (60) days after notice to the Company by the Trustee, or to the Company and the Trustee by Holders of at least twenty five percent (25%) of the
aggregate principal amount of Notes then outstanding, which notice must specify such default, demand that it be remedied and state that such notice is a “Notice of Default”; 

(vii)    a default by the Company, any Guarantor or any of the Company’s or any Guarantor’s
respective Significant Subsidiaries with respect to any one or more mortgages, agreements or other instruments under which there is outstanding, or by which there is secured or evidenced, any indebtedness for money borrowed of at least thirty five
million dollars ($35,000,000) (or its foreign currency equivalent) in the aggregate of the Company, any Guarantor or any of the Company’s or any Guarantor’s respective Significant Subsidiaries, whether such indebtedness exists as of the
Issue Date or is thereafter created, where such default: 
 (1)    constitutes a failure to pay the
principal of such indebtedness when due and payable at its stated maturity, upon required repurchase, upon declaration of acceleration or otherwise, in each case after the expiration of any applicable grace period; or 

(2)    results in such indebtedness becoming or being declared due and payable before its stated maturity,

 in each case where such default is not cured or waived within thirty (30) days after notice to the Company by the Trustee or to the
Company and the Trustee by Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding; 

(viii)    one or more final judgments being rendered against the Company, any Guarantor or any of the
Company’s or any Guarantor’s respective Significant Subsidiaries for the payment of at least thirty five million dollars ($35,000,000) (or its foreign currency equivalent) in the aggregate (excluding any amounts covered by insurance),
where such judgment is not discharged or stayed within sixty (60) days after (i) the date on which the right to appeal the same has expired, if no such appeal has commenced; or (ii) the date on which all rights to appeal have been
extinguished; 
 (ix)    except as expressly permitted by the Indenture, any Guarantee ceases to be in
full force and effect or any Guarantor denies or disaffirms its obligations under its Guarantee; 

(x)    the Company, any Guarantor or any of their respective Significant Subsidiaries, pursuant to or
within the meaning of any Bankruptcy Law, either: 
 (1)    commences a voluntary case or proceeding;

  
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 (2)    consents to the entry of an order for relief
against it in an involuntary case or proceeding; 
 (3)    consents to the appointment of a custodian of
it or for any substantial part of its property; 
 (4)    makes a general assignment for the benefit of
its creditors; 
 (5)    takes any comparable action under any foreign Bankruptcy Law; or 

(6)    generally is not paying its debts as they become due; or 

(xi)    a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that either:

 (1)    is for relief against the Company, any Guarantor or any of their respective Significant
Subsidiaries in an involuntary case or proceeding; 
 (2)    appoints a custodian of the Company, any
Guarantor or any of their respective Significant Subsidiaries, or for any substantial part of the property of the Company, any Guarantor or any of their respective Significant Subsidiaries; 

(3)    orders the winding up or liquidation of the Company, any Guarantor or any of their respective
Significant Subsidiaries; or 
 (4)    grants any similar relief under any foreign Bankruptcy Law, 

and, in each case under this Section 7.01(A)(xi), such order or decree remains unstayed and in effect for at least
sixty (60) days. 
 (B)    Cause Irrelevant. Each of the events set forth in
Section 7.01(A) will constitute an Event of Default regardless of the cause thereof or whether voluntary or involuntary or 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. 
 Section 7.02.    ACCELERATION. 

(A)    Automatic Acceleration in Certain Circumstances. If an Event of Default set forth in
Section 7.01(A)(x) or 7.01(A)(xi) occurs with respect to the Company or any Guarantor (and not solely with respect to a Significant Subsidiary of the Company or any Guarantor), then the principal amount of, and all
accrued and unpaid interest on, all of the Notes then outstanding will immediately become due and payable without any further action or notice by any Person. 

(B)    Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than
an Event of Default set forth in Section 7.01(A)(x) or 7.01(A)(xi) with respect to the Company or any Guarantor and not solely with respect to a Significant Subsidiary of the Company or any Guarantor) occurs and is
continuing, then the Trustee, by notice to the Company, or Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company and the Trustee, may declare the principal amount of, and
all accrued and unpaid interest on, all of the Notes then outstanding to become due and payable immediately. 

  
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 (C)    Rescission of Acceleration. Notwithstanding anything to
the contrary in the Indenture or the Notes, the Holders of a majority in aggregate principal amount of the Notes then outstanding, by notice to the Company and the Trustee, may, on behalf of all Holders, rescind any acceleration of the Notes and its
consequences if (i) such rescission would not conflict with any judgment or decree of a court of competent jurisdiction; and (ii) all existing Events of Default (except the non-payment of principal
of, or interest on, the Notes that has become due solely because of such acceleration) have been cured or waived. No such rescission will affect any subsequent Default or impair any right consequent thereto. 

Section 7.03.    SOLE REMEDY FOR A FAILURE
TO REPORT. 
 (A)    Generally. Notwithstanding anything to the contrary in the
Indenture or the Notes, the Company may elect that the sole remedy for any Event of Default (a “Reporting Event of Default”) pursuant to Section 7.01(A)(vi) arising from the Parent Guarantor’s failure
to comply with Section 3.02 (or the Company’s obligations under Section 314(a)(1) of the Trust Indenture Act) will, for each of the first three hundred and sixty five (365) calendar days on which a Reporting
Event of Default has occurred and is continuing, consist exclusively of the accrual of Special Interest on the Notes. If the Company has made such an election, then (i) the Notes will be subject to acceleration pursuant to
Section 7.02 on account of the relevant Reporting Event of Default from, and including, the three hundred and sixty sixth (366th) calendar day on which a Reporting Event of Default has occurred and is continuing or if the
Company fails to pay any accrued and unpaid Special Interest when due; and (ii) Special Interest will cease to accrue on any Notes from, and including, such three hundred and sixty sixth (366th) calendar day (it being understood that interest
on any defaulted Special Interest will nonetheless accrue pursuant to Section 2.05(B)). 

(B)    Amount and Payment of Special Interest. Any Special Interest that accrues on a Note pursuant to
Section 7.03(A) will be payable on the same dates and in the same manner as the Stated Interest on such Note and will accrue at a rate per annum equal to one quarter of one percent (0.25%) of the principal amount thereof
for the first one hundred and eighty (180) days on which Special Interest accrues and, thereafter, at a rate per annum equal to one half of one percent (0.50%) of the principal amount thereof. Notwithstanding anything to the contrary in the
preceding sentence, in no event will Special Interest accrue on any day on a Note at a rate per annum that exceeds that set forth in the preceding sentence, regardless of the number of events giving rise to the accrual of Special Interest. For the
avoidance of doubt, any Special Interest that accrues on a Note will be in addition to the Stated Interest that accrues on such Note. 

(C)    Notice of Election. To make the election set forth in Section 7.03(A), the Company
must send to the Holders, the Trustee and the Paying Agent, before the date on which each Reporting Event of Default first occurs, a notice that (i) briefly describes the report(s) that the Parent Guarantor failed to file with the SEC;
(ii) states that the Company is electing that the sole remedy for such Reporting Event of Default consist of the accrual of Special Interest; and (iii) briefly describes the periods during which and rate at which Special Interest will
accrue and the circumstances under which the Notes will be subject to acceleration on account of such Reporting Event of Default. 

  
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 (D)    Notice to Trustee and Paying Agent; Trustee’s
Disclaimer. If Special Interest accrues on any Note, then, no later than five (5) Business Days before each date on which such Special Interest is to be paid, the Company will deliver an Officer’s Certificate to the Trustee and the
Paying Agent stating (i) that the Company is obligated to pay Special Interest on such Note on such date of payment; and (ii) the amount of such Special Interest that is payable on such date of payment. The Trustee will have no duty to
determine whether any Special Interest is payable or the amount thereof. 
 (E)    No Effect on Other Events of
Default. No election pursuant to this Section 7.03 with respect to a Reporting Event of Default will affect the rights of any Holder with respect to any other Event of Default, including with respect to any other
Reporting Event of Default. 
 Section 7.04.    OTHER REMEDIES. 

(A)    Trustee May Pursue All Remedies. If an Event of Default occurs and is continuing, then the Trustee may pursue
any available remedy to collect the payment of any amounts due with respect to the Notes or to enforce the performance of any provision of the Indenture or the Notes. 

(B)    Procedural Matters. The Trustee may maintain a proceeding even if it does not possess any of the Notes or
does not produce any of them in such proceeding. A delay or omission by the Trustee or any Holder in exercising any right or remedy following an Event of Default will not impair the right or remedy or constitute a waiver of, or acquiescence in, such
Event of Default. All remedies will be cumulative to the extent permitted by law. 
 Section 7.05.    WAIVER
OF PAST DEFAULTS. 
 An Event of Default pursuant to clause (i), (ii),
(iv) or (vi) of Section 7.01(A) (that, in the case of clause (vi) only, results from a Default under any covenant that cannot be amended without the consent of each affected Holder), and a
Default that could lead to such an Event of Default, can be waived only with the consent of each affected Holder. Each other Default or Event of Default may be waived, on behalf of all Holders, by the Holders of a majority in aggregate principal
amount of the Notes then outstanding. If an Event of Default is so waived, then it will cease to exist. If a Default is so waived, then it will be deemed to be cured and any Event of Default arising therefrom will be deemed not to occur. However, no
such waiver will extend to any subsequent or other Default or Event of Default or impair any right arising therefrom. 

Section 7.06.    CONTROL BY MAJORITY. 

Holders of a majority in aggregate principal amount of the Notes then outstanding may direct the time, method and place of conducting any
proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law, the Indenture or the Notes, or that, subject to
Section 11.01, the Trustee determines may be unduly prejudicial to the rights of other Holders or may involve the Trustee in liability, unless the Trustee is offered security and indemnity satisfactory to the Trustee
against any loss, liability or expense to the Trustee that may result from the Trustee’s following such direction. 

  
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 Section 7.07.    LIMITATION ON
SUITS. 
 No Holder may pursue any remedy with respect to the Indenture or the Notes (except to enforce (x) its
rights to receive the principal of, or the Redemption Price or Fundamental Change Repurchase Price for, or interest on, any Notes; or (y) the Company’s obligations to Exchange any Notes pursuant to Article 5), unless: 

(A)    such Holder has previously delivered to the Trustee notice that an Event of Default is continuing; 

(B)    Holders of at least twenty five percent (25%) in aggregate principal amount of the Notes then outstanding deliver a
request to the Trustee to pursue such remedy; 
 (C)    such Holder or Holders offer and, if requested, provide to the
Trustee security and indemnity satisfactory to the Trustee against any loss, liability or expense to the Trustee that may result from the Trustee’s following such request; 

(D)    the Trustee does not comply with such request within sixty (60) calendar days after its receipt of such
request and such offer of security or indemnity; and 
 (E)    during such sixty (60) calendar day period, Holders
of a majority in aggregate principal amount of the Notes then outstanding do not deliver to the Trustee a direction that is inconsistent with such request. 

A Holder of a Note may not use the Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another
Holder. The Trustee will have no duty to determine whether any Holder’s use of the Indenture complies with the preceding sentence. 

Section 7.08.    ABSOLUTE RIGHT OF HOLDERS TO
RECEIVE PAYMENT AND EXCHANGE CONSIDERATION AND TO INSTITUTE SUIT FOR THE
ENFORCEMENT OF SUCH RIGHT. 
 Notwithstanding anything to the contrary in the
Indenture or the Notes (but without limiting Section 8.01), the right of each Holder of a Note to receive payment or delivery, as applicable, of the principal of, or the Redemption Price or Fundamental Change Repurchase
Price for, or any interest on, or the Exchange Consideration due pursuant to Article 5 upon Exchange of, such Note on or after the respective due dates therefor provided in the Indenture and the Notes, or to bring suit for the enforcement of
any such payment or delivery on or after such respective due dates, will not be impaired or affected without the consent of such Holder. 

Section 7.09.    COLLECTION SUIT BY TRUSTEE. 

The Trustee will have the right, upon the occurrence and continuance of an Event of Default pursuant to clause (i), (ii)
or (iv) of Section 7.01(A), to recover judgment in its own name and as trustee of an express trust against the Company for the total unpaid or undelivered principal of, or Redemption Price or Fundamental Change
Repurchase Price for, or interest on, or Exchange Consideration due pursuant to Article 5 upon Exchange of, the Notes, as applicable, and, to the extent lawful, any Default Interest on any Defaulted Amounts, and such further amounts
sufficient to cover the costs and expenses of collection, including compensation provided for in Section 11.06. 

  
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 Section 7.10.    TRUSTEE MAY FILE
PROOFS OF CLAIM. 
 The Trustee has the right to (A) 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 and the Holders allowed in any judicial proceedings relative to the Company (or any other obligor upon the Notes) or its creditors or property and
(B) collect, receive and distribute any money or other property payable or deliverable on any such claims. Each Holder authorizes any custodian in such proceeding to make such payments to the Trustee, and, if the Trustee consents to the making
of such payments directly to the Holders, to pay to the Trustee any amount due to the Trustee for the reasonable compensation, expenses, disbursements and advances of the Trustee, and its agents and counsel, and any other amounts payable to the
Trustee pursuant to Section 11.06. To the extent that the payment of any such compensation, expenses, disbursements, advances and other amounts out of the estate in such proceeding, is denied for any reason, payment of the
same will be secured by a lien (senior to the rights of Holders) on, and will 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 in the Indenture will be deemed to authorize the Trustee to authorize, consent to, accept or adopt on behalf of any Holder any plan of reorganization, arrangement,
adjustment or composition affecting the Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

Section 7.11.    PRIORITIES. 

The Trustee will pay or deliver in the following order any money or other property that it collects pursuant to this Article 7: 

First:    to the Trustee and its agents and attorneys for amounts due under
Section 11.06, including payment of all fees, compensation, expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 

Second:    to Holders for unpaid amounts or other property due on the Notes, including the principal
of, or the Redemption Price or Fundamental Change Repurchase Price for, or any interest on, or any Exchange Consideration due upon Exchange of, the Notes, ratably, and without preference or priority of any kind, according to such amounts or other
property due and payable on all of the Notes; and 
 Third:    to the Company or such other Person
as a court of competent jurisdiction directs. 
 The Trustee may fix a record date and payment date for any payment or delivery to the
Holders pursuant to this Section 7.11, in which case the Trustee will instruct the Company to, and the Company will, deliver, at least fifteen (15) calendar days before such record date, to each Holder and the Trustee
a notice stating such record date, such payment date and the amount of such payment or nature of such delivery, as applicable. 

  
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 Section 7.12.    UNDERTAKING FOR
COSTS. 
 In any suit for the enforcement of any right or remedy under the Indenture or the Notes or in any suit against
the Trustee for any action taken or omitted by it as Trustee, a court, in its discretion, may (A) require the filing by any litigant party in such suit of an undertaking to pay the costs of such suit, and (B) assess reasonable costs
(including reasonable attorneys’ fees) against any litigant party in such suit, having due regard to the merits and good faith of the claims or defenses made by such litigant party; provided, however, that this
Section 7.12 does not apply to any suit by the Trustee, any suit by a Holder pursuant to Section 7.08 or any suit by one or more Holders of more than ten percent (10%) in aggregate principal amount
of the Notes then outstanding. 
 Article 8.    AMENDMENTS, SUPPLEMENTS AND WAIVERS 

Section 8.01.    WITHOUT THE CONSENT OF HOLDERS.

 Notwithstanding anything to the contrary in Section 8.02, the Company, the Guarantors and the Trustee may
amend or supplement the Indenture, the Notes or the Guarantees without the consent of any Holder to: 
 (A)    cure any
ambiguity or correct any omission, defect or inconsistency in the Indenture, the Notes or the Guarantees; 
 (B)    add
additional guarantees with respect to the Company’s obligations under the Indenture or the Notes; 
 (C)    secure
the Notes or any Guarantees; 
 (D)    add to the Company’s or any Guarantor’s covenants or Events of Default
for the benefit of the Holders or surrender any right or power conferred on the Company or any Guarantor; 

(E)    provide for the assumption of the Company’s or any Guarantor’s obligations under the Indenture and the
Notes pursuant to, and in compliance with, Article 6 or Section 9.04, as applicable; 

(F)    enter into supplemental indentures pursuant to, and in accordance with, Section 5.09 in
connection with a Common Stock Change Event; 
 (G)    irrevocably elect or eliminate any Settlement Method or Specified
Dollar Amount; provided, however, that no such election or elimination will affect any Settlement Method theretofore elected (or deemed to be elected) with respect to any Note pursuant to Section 5.03(A); 

(H)    evidence or provide for the acceptance of the appointment, under the Indenture, of a successor Trustee; 

(I)    conform the provisions of the Indenture and the Notes to the “Description of Notes” section of the
Company’s preliminary prospectus supplement, dated March 15, 2021, as supplemented by the related pricing term sheet, dated March 16, 2021; 

  
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 (J)    provide for or confirm the issuance of additional Notes pursuant
to Section 2.03(B); 
 (K)    provide for any transfer restrictions that apply to any Notes
issued under the Indenture (other than the Initial Notes) that, at the time of their original issuance, constitute “restricted securities” within the meaning of Rule 144 under the Securities Act or that are originally issued in reliance
upon Regulation S under the Securities Act; 
 (L)    comply with any requirement of the SEC in connection with
effecting or maintaining the qualification of the Indenture or any supplemental indenture under the Trust Indenture Act, as then in effect; or 

(M)    make any other change to the Indenture or the Notes that does not, individually or in the aggregate with all other
such changes, adversely affect the rights of the Holders, as such, in any material respect. 
 At the written request of any Holder of a
Note or owner of a beneficial interest in a Global Note, the Company will provide a copy of the “Description of Notes” section and pricing term sheet referred to in Section 8.01(I). 

Section 8.02.    WITH THE CONSENT OF HOLDERS. 

(A)    Generally. Subject to Sections 8.01, 7.05 and 7.08 and the immediately following
sentence, the Company, the Guarantors and the Trustee may, with the consent of the Holders of a majority in aggregate principal amount of the Notes then outstanding, amend or supplement the Indenture, the Notes or the Guarantees or waive compliance
with any provision of the Indenture, the Notes or the Guarantees. Notwithstanding anything to the contrary in the foregoing sentence, but subject to Section 8.01, without the consent of each affected Holder, no amendment or
supplement to the Indenture, the Notes or the Guarantees, or waiver of any provision of the Indenture, the Notes or the Guarantees, may: 

(i)    reduce the principal, or change the stated maturity, of any Note; 

(ii)    reduce the Redemption Price or Fundamental Change Repurchase Price for any Note or change the times
at which, or the circumstances under which, the Notes may or will be redeemed or repurchased by the Company; 

(iii)    reduce the rate, or change the time for the payment, of interest on any Note; 

(iv)    make any change that adversely affects the Exchange rights of any Note; 

(v)    impair the rights of any Holder set forth in Section 7.08 (as such section
is in effect on the Issue Date); 
 (vi)    change the ranking of the Notes or the Guarantees; 

(vii)    modify or amend the terms and conditions of the obligations of the Guarantors, as guarantors of
the Notes, in any manner that is adverse to the rights of the Holders, as such, other than any elimination of a Guarantee in accordance with the Indenture; 

  
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 (viii)    make any Note payable in money, or at a place
of payment, other than that stated in the Indenture or the Note; 
 (ix)    reduce the amount of Notes
whose Holders must consent to any amendment, supplement, waiver or other modification; or 
 (x)    make
any direct or indirect change to any amendment, supplement, waiver or modification provision of the Indenture or the Notes that requires the consent of each affected Holder. 

For the avoidance of doubt, pursuant to clauses (i), (ii), (iii) and (iv) of this
Section 8.02(A), no amendment or supplement to the Indenture or the Notes, or waiver of any provision of the Indenture or the Notes, may change the amount or type of consideration due on any Note (whether on an Interest
Payment Date, Redemption Date, Fundamental Change Repurchase Date or the Maturity Date or upon Exchange, or otherwise), or the date(s) or time(s) such consideration is payable or deliverable, as applicable, without the consent of each affected
Holder. 
 (B)    Holders Need Not Approve the Particular Form of any Amendment. A consent of any Holder pursuant
to this Section 8.02 need approve only the substance, and not necessarily the particular form, of the proposed amendment, supplement or waiver. 

Section 8.03.    NOTICE OF AMENDMENTS, SUPPLEMENTS AND
WAIVERS. 
 As soon as reasonably practicable after any amendment, supplement or waiver pursuant to
Section 8.01 or 8.02 becomes effective, the Company will send to the Holders and the Trustee notice that (A) describes the substance of such amendment, supplement or waiver in reasonable detail and (B) states the
effective date thereof; provided, however, that the Company will not be required to provide such notice to the Holders if such amendment, supplement or waiver is included in a periodic report filed by the Company with the SEC within
four (4) Business Days of its effectiveness. The failure to send, or the existence of any defect in, such notice will not impair or affect the validity of such amendment, supplement or waiver. 

Section 8.04.    REVOCATION, EFFECT AND SOLICITATION OF
CONSENTS; SPECIAL RECORD DATES; ETC. 

(A)    Revocation and Effect of Consents. The consent of a Holder of a Note to an amendment, supplement or waiver
will bind (and constitute the consent of) each subsequent Holder of any Note to the extent the same evidences any portion of the same indebtedness as the consenting Holder’s Note, subject to the right of any Holder of a Note to revoke (if not
prohibited pursuant to Section 8.04(B)) any such consent with respect to such Note by delivering notice of revocation to the Trustee before the time such amendment, supplement or waiver becomes effective. 

  
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 (B)    Special Record Dates. The Company may, but is not required
to, fix a record date for the purpose of determining the Holders entitled to consent or take any other action in connection with any amendment, supplement or waiver pursuant to this Article 8. If a record date is fixed, then, notwithstanding
anything to the contrary in Section 8.04(A), only Persons who are Holders as of such record date (or their duly designated proxies) will be entitled to give such consent, to revoke any consent previously given or to take
any such action, regardless of whether such Persons continue to be Holders after such record date; provided, however, that no such consent will be valid or effective for more than one hundred and twenty (120) calendar days after
such record date. 
 (C)    Solicitation of Consents. For the avoidance of doubt, each reference in the Indenture
or the Notes to the consent of a Holder will be deemed to include any such consent obtained in connection with a repurchase of, or tender or exchange offer for, any Notes. 

(D)    Effectiveness and Binding Effect. Each amendment, supplement or waiver pursuant to this Article 8
will become effective in accordance with its terms and, when it becomes effective with respect to any Note (or any portion thereof), will thereafter bind every Holder of such Note (or such portion). 

Section 8.05.    NOTATIONS AND EXCHANGES. 

If any amendment, supplement or waiver changes the terms of a Note or a Guarantee, then the Trustee or the Company may, in its discretion,
require the Holder of such Note to deliver such Note to the Trustee so that the Trustee may place an appropriate notation prepared by the Company on such Note and return such Note to such Holder. Alternatively, at its discretion, the Company may, in
exchange for such Note, issue, execute and deliver, and the Trustee will authenticate, in each case in accordance with Section 2.02, a new Note that reflects the changed terms. The failure to make any appropriate notation
or issue a new Note pursuant to this Section 8.05 will not impair or affect the validity of such amendment, supplement or waiver. 

Section 8.06.    TRUSTEE TO EXECUTE SUPPLEMENTAL
INDENTURES. 
 The Trustee will execute and deliver any amendment or supplemental indenture authorized pursuant to this
Article 8; provided, however, that the Trustee need not (but may, in its sole and absolute discretion) execute or deliver any such amendment or supplemental indenture that the Trustee concludes adversely affects the
Trustee’s rights, duties, liabilities or immunities. In executing any amendment or supplemental indenture, the Trustee will be entitled to receive, and (subject to Sections 11.01 and 11.02) will be fully protected in
relying on, an Officer’s Certificate and an Opinion of Counsel stating that (A) the execution and delivery of such amendment or supplemental indenture is authorized or permitted by the Indenture; and (B) in the case of the Opinion of
Counsel, such amendment or supplemental indenture is valid, binding and enforceable against the Company in accordance with its terms. 

  
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 Article 9.    GUARANTEES 

Section 9.01.    GUARANTEES. 

(A)    Generally. By its execution of the Indenture (or any amended or supplemental indenture pursuant to
Section 8.01(B)), each Guarantor acknowledges and agrees that it receives substantial benefits from the Company and that such Guarantor is providing its Guarantee for good and valuable consideration, including such
substantial benefits. Subject to this Article 9, each of the Guarantors hereby, jointly and severally, fully and unconditionally guarantees, to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its
successors and assigns, regardless of the validity or enforceability of the Indenture, the Notes or the obligations of the Company under the Indenture or the Notes, that: 

(i)    the principal of, any interest on, and any Exchange Consideration for, the Notes will be promptly
paid in full when due, whether at maturity, by acceleration, on a Fundamental Change Repurchase Date, upon Redemption or otherwise, and interest on the overdue principal of, any interest on, or any Exchange Consideration for, the Notes, if lawful,
and all other obligations of the Company to the Holders or the Trustee under the Indenture or the Notes, will be promptly paid or delivered in full or performed, as applicable, in each case in accordance with the Indenture and the Notes; and 

(ii)    in case of any extension of time of payment or renewal of any Notes or any of such other
obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration, on a Fundamental Change Repurchase Date, upon Redemption or
otherwise, 
 (collectively, the “Guaranteed Obligations”), in each case subject to Section 9.02. 

Upon the failure of any payment when due of any amount so guaranteed, and upon the failure of any performance so guaranteed, for whatever
reason, the Guarantors will be jointly and severally obligated to pay or perform, as applicable, the same immediately. each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 

(B)    Guarantee Is Unconditional; Waiver of Diligence, Presentment, Etc. Each Guarantor agrees that its Guarantee
of the Guaranteed Obligations is unconditional, regardless of the validity or enforceability of the Indenture, the Notes or the obligations of the Company under the Indenture or the Notes, the absence of any action to enforce the same, any waiver or
consent by any Holder with respect to any provisions of the Indenture or the Notes, the recovery of any judgment against the Company, any action to enforce the same or any other circumstance that might otherwise constitute a legal or equitable
discharge or defense of a guarantor. Each Guarantor waives diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company,
protest, notice and all demands whatsoever, and covenants that this Guarantee will not be discharged except by complete performance of the obligations contained in the Indenture and the Notes. 

(C)    Reinstatement of Guarantee Upon Return of Payments. If any Holder or the Trustee is required by any court or
otherwise to return, to the Company, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to the Company or the Guarantors, any consideration paid or delivered by the Company or the Guarantors to such
Holder or the Trustee, then each Guarantee, to the extent theretofore discharged, will be reinstated in full force and effect. 

  
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 (D)    Subrogation. Each Guarantor agrees that any right of
subrogation, reimbursement or contribution it may have in relation to the Holders or in respect of any Guaranteed Obligations will be subordinated to, and will not be enforceable until payment in full of, all Guaranteed Obligations. Each Guarantor
further agrees that, as between the Guarantors, on the one hand, and the Holders and the Trustee, on the other hand, (i) the maturity of the Guaranteed Obligations may be accelerated as provided in Article 7, notwithstanding any stay,
injunction or other prohibition preventing such acceleration in respect of the Guaranteed Obligations; and (ii) if any Guaranteed Obligations are accelerated pursuant to Article 7, then such Guaranteed Obligations will, whether or not
due and payable, immediately become due and payable by the Guarantors. Each Guarantor will have the right to seek contribution from any non-paying Guarantor, but only if the exercise of such right does not
impair the rights of the Holders under any Guarantee. 
 Section 9.02.    LIMITATION ON
GUARANTOR LIABILITY. 
 Each Guarantor, and, by its acceptance of any Note, each Holder, confirms that each
Guarantor and the Holders intend that the Guarantee of each Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar
federal or state law to the extent applicable to any Guarantee. Each of the Trustee, the Holders and each Guarantor irrevocably agrees that the obligations of each Guarantor under its Guarantee will be limited to the maximum amount that will, after
giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on
behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee, result in the obligations of such Guarantor under its Guarantee not constituting a fraudulent transfer or conveyance. 

Section 9.03.    EXECUTION AND DELIVERY OF GUARANTEE.

 The execution by each Guarantor of the Indenture (or an amended or supplemental indenture pursuant to
Section 8.01(B)) evidences the Guarantee of such Guarantor, and the delivery of any Note by the Trustee after its authentication constitutes due delivery of each Guarantee on behalf of each Guarantor. A Guarantee’s
validity will not be affected by the failure of any officer of a Guarantor executing the Indenture or any such amended or supplemental indenture on such Guarantor’s behalf to hold, at the time any Note is authenticated, the same or any other
office at such Guarantor, and each Guarantee will be valid and enforceable even if no notation, certificate or other instrument is set upon or attached to, or otherwise executed and delivered to the Holder of, any Note. 

Section 9.04.    WHEN THE GUARANTORS MAY MERGE,
ETC. 
 (A)    Business Combination Events Involving a Subsidiary Guarantor. 

(i)    Generally. No Subsidiary Guarantor will consolidate with or merge with or into, or (directly,
or indirectly through one or more of its Subsidiaries) sell, lease or otherwise transfer, in one transaction or a series of transactions, all or substantially all of the assets of such Subsidiary Guarantor and its Subsidiaries, taken as a whole, to
another 

  
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Person (other than the Company, the Parent Guarantor or another Subsidiary Guarantor) (a “Subsidiary Guarantor Business Combination Event”), unless: 

(1)    the resulting, surviving or transferee Person either 

(a)    is such Subsidiary Guarantor; or 

(b)    if not such Subsidiary Guarantor, is a corporation, limited liability company, limited partnership
or other similar entity (the “Successor Subsidiary Guarantor Entity”) duly organized and existing under the laws of the United States of America, any State thereof or the District of Columbia that expressly assumes (by executing and
delivering to the Trustee, at or before the effective time of such Subsidiary Guarantor Business Combination Event, a supplemental indenture pursuant to Section 8.01(E)) all of such Subsidiary Guarantor’s obligations
under the Indenture and the Notes; and 
 (2)    immediately after giving effect to such Subsidiary
Guarantor Business Combination Event, no Default or Event of Default will have occurred and be continuing. 

(ii)    Delivery of Officer’s Certificate and Opinion of Counsel to the Trustee.
Before the effective time of any Subsidiary Guarantor Business Combination Event, the Company will deliver to the Trustee an Officer’s Certificate and Opinion of Counsel, each stating that (i) such Subsidiary Guarantor Business Combination
Event (and, if applicable, the related supplemental indenture) comply with Section 9.04(A)(i); and (ii) all conditions precedent to such Subsidiary Guarantor Business Combination Event provided in the Indenture have
been satisfied. 
 (iii)    Successor Subsidiary Guarantor Entity Substituted. At the
effective time of any Subsidiary Guarantor Business Combination Event that complies with Section 9.04(A)(i) and Section 9.04(A)(ii), the Successor Subsidiary Guarantor Entity (if not the applicable
Subsidiary Guarantor) will succeed to, and may exercise every right and power of, such Subsidiary Guarantor under the Indenture and the Notes with the same effect as if such Successor Subsidiary Guarantor Entity had been named as a Subsidiary
Guarantor in the Indenture and the Notes, and, except in the case of a lease, the predecessor Subsidiary Guarantor will be discharged from its obligations under the Indenture and the Notes. 

(iv)    Exclusion for Asset Transfers with Wholly Owned Subsidiaries. Notwithstanding anything to
the contrary in this Section 9.04(A), this Section 9.04(A) will not apply to any transfer of assets between or among any Subsidiary Guarantor and any one or more of its Wholly Owned Subsidiaries
not effected by merger or consolidation. 
 (B)    Business Combination Events Involving the Parent
Guarantor. 
 (i)    Generally. The Parent Guarantor will not consolidate with or merge
with or into, or (directly, or indirectly through one or more of its Subsidiaries) sell, lease or otherwise transfer, in one transaction or a series of transactions, all or substantially all of 

  
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the assets of the Parent Guarantor and its Subsidiaries, taken as a whole, to another Person (a “Parent Guarantor Business Combination Event”), unless: 

(1)    the resulting, surviving or transferee Person either 

(a)    is the Parent Guarantor; or 

(b)    if not the Parent Guarantor, is a corporation (or, if such Parent Guarantor Business Combination
Event is an Exempted Fundamental Change, is a corporation, limited liability company, limited partnership or other similar entity) (the “Successor Parent Guarantor Entity”) duly organized and existing under the laws of the United
States of America, any State thereof or the District of Columbia that expressly assumes (by executing and delivering to the Trustee, at or before the effective time of such Parent Guarantor Business Combination Event, a supplemental indenture
pursuant to Section 8.01(E)) all of the Parent Guarantor’s obligations under the Indenture and the Notes; and 

(2)    immediately after giving effect to such Parent Guarantor Business Combination Event, no Default or
Event of Default will have occurred and be continuing. 
 (ii)    Delivery of
Officer’s Certificate and Opinion of Counsel to the Trustee. Before the effective time of any Parent Guarantor Business Combination Event, the Company will deliver to the Trustee an Officer’s Certificate and Opinion of
Counsel, each stating that (i) such Parent Guarantor Business Combination Event (and, if applicable, the related supplemental indenture) comply with Section 9.04(B)(i); and (ii) all conditions precedent to such
Parent Guarantor Business Combination Event provided in the Indenture have been satisfied. 

(iii)    Successor Parent Guarantor Entity Substituted. At the effective time of any Parent
Guarantor Business Combination Event that complies with Section 9.04(B)(i) and Section 9.04(B)(ii), the Successor Parent Guarantor Entity (if not the Parent Guarantor) will succeed to, and may
exercise every right and power of, the Parent Guarantor under the Indenture and the Notes with the same effect as if the Successor Parent Guarantor Entity had been named as the Parent Guarantor in the Indenture and the Notes, and, except in the case
of a lease, the predecessor Parent Guarantor will be discharged from its obligations under the Indenture and the Notes. 

(iv)    Exclusion for Asset Transfers with Wholly Owned Subsidiaries. Notwithstanding anything to
the contrary in this Section 9.04(B), this Section 9.04(B) will not apply to any transfer of assets between or among the Parent Guarantor and any one or more of its Wholly Owned Subsidiaries not
effected by merger or consolidation. 
 Section 9.05.    FUTURE GUARANTORS. 

Subject to the following paragraph, if, after the Issue Date, any Subsidiary of the Parent Guarantor (other than the Company) or the Company
that is organized and existing under the laws 

  
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of the United States of America, any State thereof or the District of Columbia guarantees any Covered Debt Securities, then the Company will, as soon as reasonably practicable but no later than
ten (10) Business Days after such Subsidiary guarantees such Covered Debt Securities, cause such Subsidiary to execute an amended or supplemental indenture pursuant to Section 8.01(B) causing such Subsidiary to become
a Guarantor under the Indenture. 
 Section 9.06.    APPLICATION OF CERTAIN
PROVISIONS TO THE GUARANTORS. 
 (A)    Officer’s
Certificates and Opinions of Counsel. Upon any request or application by any Guarantor to the Trustee to take any action under the Indenture, the Trustee will be entitled to receive an Officer’s Certificate and an Opinion of Counsel
pursuant to Section 12.02 with the same effect as if each reference to the Company in Section 12.02 or in the definitions of “Officer,” “Officer’s Certificate” or
“Opinion of Counsel” were instead a reference to such Guarantor. 
 (B)    Company Order. A Company
Order may be given by any Guarantor with the same effect as if each reference to the Company in the definitions of “Company Order” or “Officer” were instead a reference to such Guarantor. 

(C)    Notices and Demands. Any notice or demand that the Indenture requires or permits to be given by the Trustee,
or by any Holders, to the Company may instead be given to any Guarantor. 
 Section 9.07.    RELEASE
OF GUARANTEES. 
 Notwithstanding anything to the contrary, in this Article 9, the Guarantee of a
Guarantor will be automatically released, and such Guarantor’s obligations under such Guarantee will be automatically released and discharged, and, in each case, be of no future force and effect, upon the occurrence of any of the following
events: (A) the Company’s obligations under the Indenture are discharged in accordance with the terms of the Indenture; (B) the merger or consolidation of such Guarantor into the Company; (C) all remaining obligations to make
payments or deliver other Exchange Consideration with respect all Notes are discharged in full after the same has become due; (D) such Guarantor no longer guarantees any Covered Debt Securities; or (E) no Covered Debt Securities are
outstanding; provided, however, that preceding clauses (D) and (E) will apply only to the Guarantees of the Subsidiary Guarantors, and the Parent Guarantor’s Guarantee will not be automatically released pursuant
to such clauses. 
 For the avoidance of doubt, the preceding paragraph will not limit the operation of
Section 5.09. Accordingly, if a Parent Guarantor Business Combination Event, a Subsidiary Guarantor Business Combination Event or any other merger or consolidation involving a Guarantor constitutes a Common Stock Change
Event whose Reference Property includes any securities of any Person (whether such Guarantor or another Person), then such Person will be required to execute a supplemental indenture in accordance with the final paragraph of
Section 5.09(A). 

  
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 Article 10.    SATISFACTION AND DISCHARGE 

Section 10.01.    TERMINATION OF COMPANY’S AND
GUARANTORS’ OBLIGATIONS. 
 The Indenture will be discharged, and will cease to be of further effect
as to all Notes issued under the Indenture, when: 
 (A)    all Notes then outstanding (other than Notes replaced
pursuant to Section 2.12) have (i) been delivered to the Trustee for cancellation; or (ii) become due and payable (whether on a Redemption Date, a Fundamental Change Repurchase Date, the Maturity Date, upon
Exchange or otherwise) for an amount of cash or Exchange Consideration, as applicable, that has been fixed; 

(B)    the Company has caused there to be irrevocably deposited with the Trustee, or with the Paying Agent (or, with
respect to Exchange Consideration, the Exchange Agent), in each case for the benefit of the Holders, or has otherwise caused there to be delivered to the Holders, cash (or, with respect to Notes to be Exchanged, Exchange Consideration) sufficient to
satisfy all amounts or other property due on all Notes then outstanding (other than Notes replaced pursuant to Section 2.12); 

(C)    the Company has paid all other amounts payable by it under the Indenture with respect to the Notes; and 

(D)    the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that
the conditions precedent to the discharge of the Indenture with respect to the Notes have been satisfied; 
 provided, however, that
Article 11 and Section 12.01 will survive such discharge and, until no Notes remain outstanding, Section 2.14 and the obligations of the Trustee, the Paying Agent and the Exchange Agent with
respect to money or other property deposited with them will survive such discharge. 
 At the Company’s request, the Trustee will
acknowledge the satisfaction and discharge of the Indenture. 
 Section 10.02.    REPAYMENT TO
COMPANY. 
 Subject to applicable unclaimed property law, the Trustee, the Paying Agent and the Exchange Agent will
promptly notify the Company if there exists (and, at the Company’s request, promptly deliver to the Company) any cash, Exchange Consideration or other property held by any of them for payment or delivery on the Notes that remain unclaimed two
(2) years after the date on which such payment or delivery was due. After such delivery to the Company, the Trustee, the Paying Agent and the Exchange Agent will have no further liability to any Holder with respect to such cash, Exchange
Consideration or other property, and Holders entitled to the payment or delivery of such cash, Exchange Consideration or other property must look to the Company for payment as a general creditor of the Company. 

  
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 Section 10.03.    REINSTATEMENT. 

If the Trustee, the Paying Agent or the Exchange Agent is unable to apply any cash or other property deposited with it pursuant to
Section 10.01 because of any legal proceeding or any order or judgment of any court or other governmental authority that enjoins, restrains or otherwise prohibits such application, then the discharge of the Indenture
pursuant to Section 10.01 will be rescinded; provided, however, that if the Company thereafter pays or delivers any cash or other property due on the Notes to the Holders thereof, then the Company will be
subrogated to the rights of such Holders to receive such cash or other property from the cash or other property, if any, held by the Trustee, the Paying Agent or the Exchange Agent, as applicable. 

Article 11.    TRUSTEE 

Section 11.01.    DUTIES OF THE TRUSTEE. 

(A)    If an Event of Default has occurred and is continuing, the Trustee will exercise such of the rights and powers
vested in it by the Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 

(B)    Except during the continuance of an Event of Default: 

(i)    the duties of the Trustee will be determined solely by the express provisions of the Indenture, and
the Trustee need perform only those duties that are specifically set forth in the Indenture and no others, and no implied covenants or obligations will be read into the Indenture against the Trustee; and 

(ii)    in the absence of bad faith or willful misconduct on its part, the Trustee may conclusively rely,
as to the truth of the statements and the correctness of the opinions expressed therein, upon Officer’s Certificates or Opinions of Counsel that are provided to the Trustee and conform to the requirements of the Indenture. However, the Trustee
will examine the certificates and opinions to determine whether or not they conform to the requirements of the Indenture. 

(C)    The Trustee may not be relieved from liabilities for its negligence, bad faith or willful misconduct, except that:

 (i)    this paragraph will not limit the effect of Section 11.01(B); 

(ii)    the Trustee will not be liable for any error of judgment made in good faith by a Responsible
Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 

(iii)    the Trustee will not be liable with respect to any action it takes or omits to take in good faith
in accordance with a direction received by it pursuant to Section 7.06. 
 (D)    Each
provision of the Indenture that in any way relates to the Trustee is subject to paragraphs (A), (B) and (C) of this Section 11.01, regardless of whether such provision so expressly provides.

  
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 (E)    No provision of the Indenture will require the Trustee to expend
or risk its own funds or incur any liability. 
 (F)    The Trustee will not be liable for interest on any money
received by it, except as the Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds, except to the extent required by law. 

Section 11.02.    RIGHTS OF THE TRUSTEE. 

(A)    The Trustee may conclusively rely on any document that it believes to be genuine and signed or presented by the
proper Person, and the Trustee need not investigate any fact or matter stated in such document. 
 (B)    Before the
Trustee acts or refrains from acting, it may require an Officer’s Certificate, an Opinion of Counsel or both. The Trustee will 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; and the written advice of such counsel, or any Opinion of Counsel, will constitute full and complete authorization of the Trustee to take or omit to take any action in good faith in
reliance thereon without liability. 
 (C)    The Trustee may act through its attorneys and agents and will not be
responsible for the misconduct or negligence of any such agent appointed with due care. 
 (D)    The Trustee will not
be liable for any action it takes or omits to take in good faith and that it believes to be authorized or within the rights or powers vested in it by the Indenture. 

(E)    Unless otherwise specifically provided in the Indenture, any demand, request, direction or notice from the Company
will be sufficient if signed by an Officer of the Company. 
 (F)    The Trustee need not exercise any rights or powers
vested in it by the Indenture at the request or direction of any Holder unless such Holder has offered the Trustee security or indemnity satisfactory to the Trustee against any loss, liability or expense that it may incur in complying with such
request or direction. 
 (G)    The Trustee will not be responsible or liable for any punitive, special, indirect or
consequential loss or damage (including lost profits), even if the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

(H)    The permissive rights of the Trustee enumerated herein will not be construed as duties. 

(I)    The Trustee will not be required to give any bond or surety in respect of the execution of the Indenture or
otherwise. 

  
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 Section 11.03.    INDIVIDUAL RIGHTS
OF THE TRUSTEE. 
 The Trustee, in its individual or any other capacity, may become the
owner or pledgee of any Note and may otherwise deal with the Company or any of its Affiliates with the same rights that it would have if it were not Trustee; provided, however, that if the Trustee acquires a “conflicting
interest” (within the meaning of Section 310(b) of the Trust Indenture Act), then it must eliminate such conflict within ninety (90) days or resign as Trustee. Each Note Agent will have the same rights and duties as the Trustee under
this Section 11.03. 
 Section 11.04.    TRUSTEE’S
DISCLAIMER. 
 The Trustee will not be (A) responsible for, and makes no representation as to, the validity or
adequacy of the Indenture or the Notes; (B) accountable for the Company’s use of the proceeds from the Notes or any money paid to the Company or upon the Company’s direction under any provision of the Indenture; (C) responsible
for the use or application of any money received by any Paying Agent other than the Trustee; and (D) responsible for any statement or recital in the Indenture, the Notes or any other document relating to the sale of the Notes or the Indenture,
other than the Trustee’s certificate of authentication. 
 Section 11.05.    NOTICE OF
DEFAULTS. 
 If a Default or Event of Default occurs and is continuing and is known to a Responsible Officer of the
Trustee, then the Trustee will send Holders a notice of such Default or Event of Default within ninety (90) days after it occurs or, if it is not known to the Trustee at such time, promptly (and in any event within ten (10) Business Days)
after it becomes known to a Responsible Officer; provided, however, that, except in the case of a Default or Event of Default in the payment of the principal of, or interest on, any Note, or an Event of Default in the payment or
delivery of any Exchange Consideration upon Exchange of any Note, the Trustee may withhold such notice if and for so long as it in good faith determines that withholding such notice is in the interests of the Holders. The Trustee will not be deemed
to have notice or be charged with knowledge of any Default or Event of Default unless written notice thereof has been received by a Responsible Officer, and such notice references the Notes and the Indenture and states on its face that a Default or
Event of Default has occurred. 
 Section 11.06.    COMPENSATION AND INDEMNITY.

 (A)    The Company will, from time to time, pay the Trustee reasonable compensation for its acceptance of the
Indenture and services under the Indenture. The Trustee’s compensation will not be limited by any law on compensation of a trustee of an express trust. In addition to the compensation for the Trustee’s services, the Company will reimburse
the Trustee promptly upon request for all reasonable disbursements, advances and expenses incurred or made by it under the Indenture, including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel. 

(B)    The Company will indemnify the Trustee against any and all losses, liabilities or expenses incurred by it arising
out of or in connection with the acceptance or administration of its duties under the Indenture, including the costs and expenses of enforcing the Indenture against the 

  
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Company (including this Section 11.06) and defending itself against any claim (whether asserted by the Company, any Holder or any other Person) or liability in
connection with the exercise or performance of any of its powers or duties under the Indenture, except to the extent any such loss, liability or expense is attributable to its negligence, bad faith or willful misconduct. The Trustee will promptly
notify the Company of any claim for which it may seek indemnity, but the Trustee’s failure to so notify the Company will not relieve the Company of its obligations under this Section 11.06(B), except to the extent the
Company is materially prejudiced by such failure. The Company will defend such claim, and the Trustee will cooperate in such defense. If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the
defenses available to the Company, or that there is an actual or potential conflict of interest, then the Trustee may retain separate counsel, and the Company will pay the reasonable fees and expenses of such counsel (including the reasonable fees
and expenses of counsel to the Trustee incurred in evaluating whether such a conflict exists). The Company need not pay for any settlement of any such claim made without its consent, which consent will not be unreasonably withheld. 

(C)    The obligations of the Company under this Section 11.06 will survive the resignation or
removal of the Trustee and the discharge of the Indenture. 
 (D)    To secure the Company’s payment obligations in
this Section 11.06, the Trustee will have a lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal of, or interest on, particular Notes, which lien will
survive the discharge of the Indenture. 
 (E)    If the Trustee incurs expenses or renders services after an Event of
Default pursuant to clause (x) or (xi) of Section 7.01(A) occurs, then such expenses and the compensation for such services (including the fees and expenses of its agents and counsel) are intended
to constitute expenses of administration under any Bankruptcy Law. 
 Section 11.07.    REPLACEMENT
OF THE TRUSTEE. 
 (A)    Notwithstanding anything to the contrary in
this Section 11.07, a resignation or removal of the Trustee, and the appointment of a successor Trustee, will become effective only upon such successor Trustee’s acceptance of appointment as provided in this
Section 11.07. 
 (B)    The Trustee may resign at any time and be discharged from the trust
created by the Indenture by so notifying the Company. The Holders of a majority in aggregate principal amount of the Notes then outstanding may remove the Trustee by so notifying the Trustee and the Company in writing. The Company may remove the
Trustee if: 
 (i)    the Trustee fails to comply with Section 11.09; 

(ii)    the Trustee is adjudged to be bankrupt or insolvent or an order for relief is entered with respect
to the Trustee under any Bankruptcy Law; 
 (iii)    a custodian or public officer takes charge of the
Trustee or its property; or 
 (iv)    the Trustee becomes incapable of acting. 

  
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 (C)    If the Trustee resigns or is removed, or if a vacancy exists in
the office of the Trustee for any reason, then (i) the Company will promptly appoint a successor Trustee; and (ii) at any time within one (1) year after the successor Trustee takes office, the Holders of a majority in aggregate
principal amount of the Notes then outstanding may appoint a successor Trustee to replace such successor Trustee appointed by the Company. 

(D)    If a successor Trustee does not take office within sixty (60) days after the retiring Trustee resigns or is
removed, then the retiring Trustee, the Company or the Holders of at least ten percent (10%) in aggregate principal amount of the Notes then outstanding may petition any court of competent jurisdiction for the appointment of a successor Trustee.

 (E)    If the Trustee, after written request by a Holder of at least six (6) months, fails to comply with
Section 11.09, then such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

(F)    A successor Trustee will deliver a written acceptance of its appointment to the retiring Trustee and to the
Company, upon which notice the resignation or removal of the retiring Trustee will become effective and the successor Trustee will have all the rights, powers and duties of the Trustee under the Indenture. The successor Trustee will send notice of
its succession to Holders. The retiring Trustee will, upon payment of all amounts due to it under the Indenture, promptly transfer all property held by it as Trustee to the successor Trustee, which property will, for the avoidance of doubt, be
subject to the lien provided for in Section 11.06(D). 
 Section 11.08.    SUCCESSOR
TRUSTEE BY MERGER, ETC. 
 If the Trustee consolidates, merges or converts
into, or transfers all or substantially all of its corporate trust business to, another corporation, then such corporation will become the successor Trustee without any further act. 

Section 11.09.    ELIGIBILITY; DISQUALIFICATION. 

There will at all times be a Trustee under the Indenture that is a corporation 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
$100.0 million as set forth in its most recent published annual report of condition. 
 Article
12.    MISCELLANEOUS 
 Section 12.01.    NOTICES. 

Any notice or communication by the Company or any Guarantor or the Trustee to the other will be deemed to have been duly given if in writing
and delivered in person or by first class mail (registered or certified, return receipt requested), facsimile transmission, electronic transmission 

  
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or other similar means of unsecured electronic communication or overnight air courier guaranteeing next day delivery, or to the other’s address, which initially is as follows: 

If to the Company or any Guarantor: 

Centennial Resource Development, Inc. 

1001 Seventeenth Street 
 Suite
1800 
 Denver, Colorado 80202 

Attention: General Counsel 
 with
a copy (which will not constitute notice) to: 
 Latham & Watkins LLP 

885 Third Avenue 
 New York, New
York 10022 
 Attention: John Greer; Greg Rodgers 

If to the Trustee: 
 UMB Bank,
N.A. 
 555 San Felipe Street, Suite 810 

Houston, Texas 77056 
 Attention:
Corporate Trust Department 
 The Company, any Guarantor or the Trustee, by notice to the others, may designate additional or different
addresses (including facsimile numbers and electronic addresses) for subsequent notices or communications. 
 Any communication sent to
Trustee under the Indenture that requires a signature must be in the form of a document that is signed manually or by way of a digital signature provided by DocuSign (or such other digital signature provider as specified in writing to Trustee by an
authorized representative of the Company). The Company agrees to assume all risks arising out of its use of digital signatures and electronic methods to submit communications to Trustee, including the risk of the Trustee acting on unauthorized
instructions and the risk of interception and misuse by third parties. 
 All notices and communications (other than those sent to Holders)
will be deemed to have been duly given: (A) at the time delivered by hand, if personally delivered; (B) five (5) Business Days after being deposited in the mail, postage prepaid, if mailed; (C) when receipt acknowledged, if
transmitted by facsimile, electronic transmission or other similar means of unsecured electronic communication; and (D) the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery.

 All notices or communications required to be made to a Holder pursuant to the Indenture must be made in writing and will be deemed to be
duly sent or given in writing if mailed by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery, to its address shown on the Register; provided, however, that a
notice or 

  
 - 83 - 

 
communication to a Holder of a Global Note may, but need not, instead be sent pursuant to the Depositary Procedures (in which case, such notice will be deemed to be duly sent or given in
writing). The failure to send a notice or communication to a Holder, or any defect in such notice or communication, will not affect its sufficiency with respect to any other Holder. 

If the Trustee is then acting as the Depositary’s custodian for the Notes, then, at the reasonable request of the Company to the Trustee,
the Trustee will cause any notice prepared by the Company to be sent to any Holder(s) pursuant to the Depositary Procedures, provided such request is evidenced in a Company Order delivered, together with the text of such notice, to the
Trustee at least two (2) Business Days before the date such notice is to be so sent. For the avoidance of doubt, such Company Order need not be accompanied by an Officer’s Certificate or Opinion of Counsel. The Trustee will not have any
liability relating to the contents of any notice that it sends to any Holder pursuant to any such Company Order. 
 If a notice or
communication is mailed or sent in the manner provided above within the time prescribed, it will be deemed to have been duly given, whether or not the addressee receives it. 

Notwithstanding anything to the contrary in the Indenture or the Notes, (A) whenever any provision of the Indenture requires a party to
send notice to another party, no such notice need be sent if the sending party and the recipient are the same Person acting in different capacities; and (B) whenever any provision of the Indenture requires a party to send notice to more than
one receiving party, and each receiving party is the same Person acting in different capacities, then only one such notice need be sent to such Person. 

Section 12.02.    DELIVERY OF OFFICER’S
CERTIFICATE AND OPINION OF COUNSEL AS TO CONDITIONS PRECEDENT. 

Upon any request or application by the Company to the Trustee to take any action under the Indenture (other than the initial authentication of
Notes under the Indenture), the Company will furnish to the Trustee: 
 (A)    an Officer’s Certificate in form and
substance reasonably satisfactory to the Trustee that complies with Section 12.03 and states that, in the opinion of the signatory thereto, all conditions precedent and covenants, if any, provided for in the Indenture
relating to such action have been satisfied; and 
 (B)    an Opinion of Counsel in form and substance reasonably
satisfactory to the Trustee that complies with Section 12.03 and states that, in the opinion of such counsel, all such conditions precedent and covenants, if any, have been satisfied. 

  
 - 84 - 

 Section 12.03.    STATEMENTS REQUIRED
IN OFFICER’S CERTIFICATE AND OPINION OF COUNSEL. 

Each Officer’s Certificate (other than an Officer’s Certificate pursuant to Section 3.03) or Opinion of
Counsel with respect to compliance with a covenant or condition provided for in the Indenture will include: 
 (A)    a
statement that the signatory thereto has read such covenant or condition; 
 (B)    a brief statement as to the nature
and scope of the examination or investigation upon which the statements or opinions contained therein are based; 

(C)    a statement that, in the opinion of such signatory, he, she or it has made such examination or investigation as is
necessary to enable him, her or it to express an informed opinion as to whether or not such covenant or condition has been satisfied; and 

(D)    a statement as to whether, in the opinion of such signatory, such covenant or condition has been satisfied. 

Section 12.04.    RULES BY THE TRUSTEE, THE
REGISTRAR AND THE PAYING AGENT. 
 The Trustee may make
reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set reasonable requirements for its functions. 

Section 12.05.    NO PERSONAL LIABILITY OF DIRECTORS,
OFFICERS, EMPLOYEES AND STOCKHOLDERS. 
 No past, present or future director,
officer, employee, incorporator or stockholder of the Company or any Guarantor, as such, will have any liability for any obligations of the Company or any Guarantor under the Indenture, the Notes or the Guarantees for any claim based on, in respect
of, or by reason of, such obligations or their creation. By accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes. 

Section 12.06.    GOVERNING LAW; WAIVER OF JURY
TRIAL. 
 THE INDENTURE, THE GUARANTEES AND THE NOTES, AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO
THE INDENTURE, THE GUARANTEES OR THE NOTES, WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. EACH OF THE COMPANY, EACH GUARANTOR AND THE TRUSTEE IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THE INDENTURE, THE NOTES, THE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED BY THE INDENTURE, THE NOTES OR THE GUARANTEES. 

  
 - 85 - 

 Section 12.07.    SUBMISSION TO
JURISDICTION. 
 Any legal suit, action or proceeding arising out of or based upon the Indenture or the transactions
contemplated by the Indenture may be instituted in the federal courts of the United States of America located in the City of New York or the courts of the State of New York, in each case located in the City of New York (collectively, the
“Specified Courts”), and each party irrevocably submits to the non-exclusive jurisdiction of such courts in any such suit, action or proceeding. Service of any process, summons, notice or
document by mail (to the extent allowed under any applicable statute or rule of court) to such party’s address set forth in Section 12.01 will be effective service of process for any such suit, action or proceeding
brought in any such court. Each of the Company, each Guarantor the Trustee and each Holder (by its acceptance of any Note) irrevocably and unconditionally waives any objection to the laying of venue of any suit, action or other proceeding in the
Specified Courts and irrevocably and unconditionally waives and agrees not to plead or claim any such suit, action or other proceeding has been brought in an inconvenient forum. 

Section 12.08.    NO ADVERSE INTERPRETATION OF OTHER
AGREEMENTS. 
 Neither the Indenture nor the Notes may be used to interpret any other indenture, note, loan or debt
agreement of the Company or its Subsidiaries or of any other Person, and no such indenture, note, loan or debt agreement may be used to interpret the Indenture or the Notes. 

Section 12.09.    SUCCESSORS. 

All agreements of the Company in the Indenture and the Notes will bind its successors. All agreements of the Trustee in the Indenture will bind
its successors. 
 Section 12.10.    FORCE MAJEURE. 

The Trustee and each Note Agent will not incur any liability for not performing any act or fulfilling any duty, obligation or responsibility
under the Indenture or the Notes by reason of any occurrence beyond its control (including any act or provision of any present or future law or regulation or governmental authority, act of God or war, civil unrest, local or national disturbance or
disaster, act of terrorism or unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility). 

Section 12.11.    U.S.A. PATRIOT ACT. 

The Company acknowledges that, in accordance with Section 326 of the U.S.A. PATRIOT Act, the Trustee, like all financial institutions, 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 Company
agrees to provide the Trustee with such information as it may request to enable the Trustee to comply with the U.S.A. PATRIOT Act. 

  
 - 86 - 

 Section 12.12.    CALCULATIONS. 

Except as otherwise provided in the Indenture, the Company will be responsible for making all calculations called for under the Indenture or
the Notes, including determinations of the Last Reported Sale Price, the Daily Exchange Value, the Daily Cash Amount, the Daily Share Amount, accrued interest on the Notes and the Exchange Rate. 

The Company will make all calculations in good faith, and, absent manifest error, its calculations will be final and binding on all Holders.
The Company will provide a schedule of its calculations to the Trustee and the Exchange Agent, and each of the Trustee and the Exchange Agent may rely conclusively on the accuracy of the Company’s calculations without independent verification.
The Trustee will promptly forward a copy of each such schedule to a Holder upon its written request therefor. For the avoidance of doubt, the Trustee will not be obligated to make or confirm any calculations called for under the Indenture or the
Notes. 
 Section 12.13.    SEVERABILITY. 

If any provision of the Indenture or the Notes is invalid, illegal or unenforceable, then the validity, legality and enforceability of the
remaining provisions of the Indenture or the Notes will not in any way be affected or impaired thereby. 

Section 12.14.    COUNTERPARTS. 

The parties may sign any number of copies of the Indenture. Each signed copy will be an original, and all of them together represent the same
agreement. Delivery of an executed counterpart of the Indenture by facsimile, electronically in portable document format or in any other format will be effective as delivery of a manually executed counterpart. 

Section 12.15.    TABLE OF CONTENTS, HEADINGS, ETC.

 The table of contents and the headings of the Articles and Sections of the Indenture have been inserted for convenience of reference
only, are not to be considered a part of the Indenture and will in no way modify or restrict any of the terms or provisions of the Indenture. 

Section 12.16.    WITHHOLDING TAXES. 

Each Holder of a Note agrees, and each beneficial owner of an interest in a Global Note, by its acquisition of such interest, is deemed to
agree, that if the Company or other applicable withholding agent (including the Trustee) pays withholding taxes or backup withholding on behalf of such Holder or beneficial owner as a result of an adjustment or the
non-occurrence of an adjustment to the Exchange Rate, then the Company or such withholding agent, as applicable, may, at its option, withhold from or set off such payments against payments of cash or the
delivery of other Exchange Consideration on such Note, any payments on the Common Stock or sales proceeds received by, or other funds or assets of, such Holder or the beneficial owner of such Note. 

  
 - 87 - 

 Section 12.17.    TRUST INDENTURE
ACT CONTROLS. 
 If any provision of the Indenture limits, qualifies or conflicts with another provision
that is required to be included in the Indenture by the Trust Indenture Act, then required provision of the Trust Indenture Act will control. 

[The Remainder of This Page Intentionally Left Blank; Signature Page Follows] 

  
 - 88 - 

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

					
	 CENTENNIAL RESOURCE PRODUCTION, LLC,

    as the Company

		
	By:	 	 /s/ George S. Glyphis

		 	Name:	 	George S. Glyphis
		 	Title:	 	Vice President, Chief Financial Officer and Assistant Secretary
	
	 CENTENNIAL RESOURCE DEVELOPMENT, INC.,

    as the Parent Guarantor

		
	By:	 	 /s/ George S. Glyphis

		 	Name:	 	George S. Glyphis
		 	Title:	 	Vice President, Chief Financial Officer and Assistant Secretary
	
	ATLANTIC EXPLORATION, LLC,
	    as a Subsidiary Guarantor
		
	By:	 	 /s/ George S. Glyphis

		 	Name:	 	George S. Glyphis
		 	Title:	 	Vice President, Chief Financial Officer and Assistant Secretary
	
	CENTENNIAL RESOURCE MANAGEMENT, LLC,
	    as a Subsidiary Guarantor
		
	By:	 	 /s/ George S.
Glyphis                    

		 	Name:	 	George S. Glyphis
		 	Title:	 	Vice President, Chief Financial Officer and Assistant Secretary

  
 [Signature Page to
Supplemental Indenture] 

 
					
	UMB BANK, N.A.,
	    as the Trustee
		
	By:	 	 /s/ Mauri J. Cowen

		 	Name:	 	Mauri J. Cowen
		 	Title:	 	Senior Vice President

  
 [Signature Page to
Supplemental Indenture] 

 EXHIBIT A 

FORM OF NOTE 
 [Insert
Global Note Legend, if applicable] 
 [Insert Affiliate Resale Legend] 

Centennial Resource Production, LLC 

3.25% Exchangeable Senior Note due 2028 
  

					
	CUSIP No.:	  	[                    ]	  	Certificate No. [                    ]

 ISIN
No.:         [                    ] 

Centennial Resource Production, LLC, a Delaware limited liability company, for value received, promises to pay to [Cede & Co.], or
its registered assigns, the principal sum of [                    ] dollars ($[        ]) [(as revised by the
attached Schedule of Exchanges of Interests in the Global Note)]* on April 1, 2028 and to pay interest thereon, as provided in the Indenture referred to below, until the principal and all
accrued and unpaid interest are paid or duly provided for. 
  

			
	Interest Payment Dates:	  	April 1 and October 1 of each year, commencing on [date].
		
	Regular Record Dates:	  	March 15 and September 15.

 Additional provisions of this Note are set forth on the other side of this Note. 

[The Remainder of This Page Intentionally Left Blank; Signature Page Follows] 

 
  

	* 	 Insert bracketed language for Global Notes only. 

  
 A-1 

 IN WITNESS WHEREOF, Centennial Resource Production, LLC has caused this instrument to
be duly executed as of the date set forth below. 
  

							
		 		 	CENTENNIAL RESOURCE PRODUCTION, LLC
				
	Date:	 	                    	 	By:	 	
                     
                    

		 		 		 	Name:
		 		 		 	Title:

  
 A-2 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

UMB Bank, N.A., as Trustee, certifies that this is one of the Notes referred to in the within-mentioned Indenture. 

 

									
	Date:	 	                    	 		 	By:	 	  

		 		 		 		 	Authorized Signatory

  
 A-3 

 Centennial Resource Production, LLC 

3.25% Exchangeable Senior Note due 2028 

This Note is one of a duly authorized issue of notes of Centennial Resource Production, LLC, a Delaware limited liability company (the
“Company”), designated as its 3.25% Exchangeable Senior Notes due 2028 (the “Notes”), all issued or to be issued pursuant to an indenture (the “Base Indenture”), dated as of March 19, 2021, and
a supplemental indenture (as the same may be amended from time to time, the “Supplemental Indenture,” and the Base Indenture, as amended by the Supplemental Indenture, and as the same may be further amended or supplemented from time
to time with respect to the Notes, the “Indenture”), dated as of March 19, 2021, among the Company, the Guarantors named therein and UMB Bank, N.A., as trustee. Capitalized terms used in this Note without definition have the
respective meanings ascribed to them in the Indenture. 
 The Indenture sets forth the rights and obligations of the Company, the Guarantors
the Trustee and the Holders and the terms of the Notes and the Guarantees. Notwithstanding anything to the contrary in this Note, to the extent that any provision of this Note conflicts with the provisions of the Indenture, the provisions of the
Indenture will control. 
 1.    Interest. This Note will accrue interest at a rate and in the manner set forth
in Section 2.05 of the Supplemental Indenture. Stated Interest on this Note will begin to accrue from, and including, [date]. 

2.    Maturity. This Note will mature on April 1, 2028, unless earlier repurchased, redeemed or Exchanged.

 3.    Guarantees. The Company’s obligations under the Indenture and the Notes are fully and
unconditionally guaranteed by the Guarantors as provided in Article 9 of the Supplemental Indenture. 
 4.    Method
of Payment. Cash amounts due on this Note will be paid in the manner set forth in Section 2.04 of the Supplemental Indenture. 

5.    Persons Deemed Owners. The Holder of this Note will be treated as the owner of this Note for all purposes.

 6.    Denominations; Transfers and Exchanges. All Notes will be in registered form, without coupons, in
principal amounts equal to any Authorized Denominations. Subject to the terms of the Indenture, the Holder of this Note may transfer or exchange this Note by presenting it to the Registrar and delivering any required documentation or other
materials. 
 7.    Right of Holders to Require the Company to Repurchase Notes upon a Fundamental Change. If a
Fundamental Change occurs, then each Holder will have the right to require the Company to repurchase such Holder’s Notes (or any portion thereof in an Authorized Denomination) for cash in the manner, and subject to the terms, set forth in
Section 4.02 of the Supplemental Indenture. 

  
 A-4 

 8.    Right of the Company to Redeem the Notes. The Company will
have the right to redeem the Notes for cash in the manner, and subject to the terms, set forth in Section 4.03 of the Supplemental Indenture. 

9.    Exchange. The Holder of this Note may Exchange this Note into Exchange Consideration in the manner, and
subject to the terms, set forth in Article 5 of the Supplemental Indenture. 
 10.    When the Company May Merge,
Etc. Article 6 of the Supplemental Indenture places limited restrictions on the Company’s ability to be a party to a Business Combination Event. 

11.    Defaults and Remedies. If an Event of Default occurs, then the principal amount of, and all accrued and
unpaid interest on, all of the Notes then outstanding may (and, in certain circumstances, will automatically) become due and payable in the manner, and subject to the terms, set forth in Article 7 of the Supplemental Indenture. 

12.    Amendments, Supplements and Waivers. The Company, the Guarantors and the Trustee may amend or supplement the
Indenture, the Notes or the Guarantees or waive compliance with any provision of the Indenture, the Notes or the Guarantees in the manner, and subject to the terms, set forth in Section 7.05 and Article 8 of the Supplemental Indenture. 

13.    No Personal Liability of Directors, Officers, Employees and Stockholders. No past, present or future
director, officer, employee, incorporator or stockholder of the Company or any Guarantor, as such, will have any liability for any obligations of the Company or any Guarantor under the Indenture, the Notes or the Guarantees or for any claim based
on, in respect of, or by reason of, such obligations or their creation. By accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes. 

14.    Authentication. No Note will be valid until it is authenticated by the Trustee. A Note will be deemed to be
duly authenticated only when an authorized signatory of the Trustee (or a duly appointed authenticating agent) manually signs the certificate of authentication of such Note. 

15.    Abbreviations. Customary abbreviations may be used in the name of a Holder or its assignee, such as TEN COM
(tenants in common), TEN ENT (tenants by the entireties), JT TEN (joint tenants with right of survivorship and not as tenants in common), CUST (custodian), and U/G/M/A (Uniform Gift to Minors Act). 

16.    Governing Law. THIS NOTE, AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS NOTE, WILL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 * * * 

  
 A-5 

 To request a copy of the Indenture, which the Company will provide to any Holder at no
charge, please send a written request to the following address: 
 Centennial Resource Production, LLC 

1001 Seventeenth Street 
 Suite 1800

 Denver, Colorado 80202 

Attention: Chief Financial Officer 

  
 A-6 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 
 INITIAL PRINCIPAL AMOUNT OF THIS GLOBAL NOTE:
$[        ] 
 The following exchanges, transfers or cancellations of this Global Note have been made: 

 

													
	 Date
	  	Amount of Increase
(Decrease) in
Principal Amount of
this Global Note	 	  	Principal Amount of
this Global Note
After Such Increase
(Decrease)	 	  	Signature of
Authorized
Signatory of Trustee	 
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			

  

	* 	 Insert for Global Notes only. 

  
 A-7 

 EXCHANGE NOTICE 

Centennial Resource Production, LLC 

3.25% Exchangeable Senior Notes due 2028 

Subject to the terms of the Indenture, by executing and delivering this Exchange Notice, the undersigned Holder of the Note identified below directs the
Company to Exchange (check one): 
  

	☐	 the entire principal amount of 

 

	☐	 $        *
aggregate principal amount of 

 the Note identified by CUSIP No.
                 and Certificate No.                 . 

The undersigned acknowledges that if the Exchange Date of a Note to be Exchanged is after a Regular Record Date and before the next Interest Payment Date,
then such Note, when surrendered for Exchange, must, in certain circumstances, be accompanied with an amount of cash equal to the interest that would have accrued on such Note to, but excluding, such Interest Payment Date. 

 

							
	Date:	 	                    	 		 	  

		 		 		 	(Legal Name of Holder)

  

			
	By:	 	  

		 	Name:
		 	Title:
	
	Signature Guaranteed:
	
	  

Participant in a Recognized Signature

	Guarantee Medallion Program
		
	By:	 	  

		 	Authorized Signatory

  
  

	* 	 Must be an Authorized Denomination. 

  
 A-8 

 FUNDAMENTAL CHANGE REPURCHASE NOTICE 

Centennial Resource Production, LLC 

3.25% Exchangeable Senior Notes due 2028 

Subject to the terms of the Indenture, by executing and delivering this Fundamental Change Repurchase Notice, the undersigned Holder of the Note identified
below is exercising its Fundamental Change Repurchase Right with respect to (check one): 
  

	☐	 the entire principal amount of 

 

	☐	 $        *
aggregate principal amount of 

 the Note identified by CUSIP No.
                 and Certificate No.                 . 

The undersigned acknowledges that this Note, duly endorsed for transfer, must be delivered to the Paying Agent before the Fundamental Change Repurchase Price
will be paid. 
  

							
	Date:	 	                    	 		 	  

		 		 		 	(Legal Name of Holder)

  

			
	By:	 	  

		 	Name:
		 	Title:
	
	Signature Guaranteed:
	
	  

Participant in a Recognized Signature

	Guarantee Medallion Program
		
	By:	 	  

		 	Authorized Signatory

  
  

	* 	 Must be an Authorized Denomination. 

  
 A-9 

 ASSIGNMENT FORM 

Centennial Resource Production, LLC 

3.25% Exchangeable Senior Notes due 2028 

Subject to the terms of the Indenture, the undersigned Holder of the Notes identified below assigns (check one): 

 

	☐	 the entire principal amount of 

 

	☐	 $        *
aggregate principal amount of 

 the Notes identified by CUSIP No.
                 and Certificate No.                 , and all rights thereunder, to:

  

			
	Name:	 	  

		
	Address:	 	  

		
	Social security or tax id. #:	 	  

		
	and irrevocably appoints:	 	  

 as agent to transfer the within Note on the books of the Company. The agent may substitute another to act for him/her.

  

							
	Date:	 	                    	 		 	  

		 		 		 	(Legal Name of Holder)

  

			
	By:	 	  

		 	Name:
		 	Title:
	
	Signature Guaranteed:
	
	  

Participant in a Recognized Signature

	Guarantee Medallion Program
		
	By:	 	  

		 	Authorized Signatory

  
  

	* 	 Must be an Authorized Denomination. 

  
 A-10 

 EXHIBIT B-1 

FORM OF GLOBAL NOTE LEGEND 
 THIS IS A
GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS THE OWNER AND HOLDER OF
THIS NOTE FOR ALL PURPOSES. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”) 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 HEREON
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 SINCE THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL NOTE WILL 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 NOTE WILL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN ARTICLE 2 OF THE SUPPLEMENTAL INDENTURE HEREINAFTER REFERRED
TO. 

  
 B1-1 

 EXHIBIT B-2 

FORM OF AFFILIATE RESALE LEGEND 
 ANY
AFFILIATE (AS DEFINED IN RULE 144 UNDER THE SECURITIES ACT) OF THE COMPANY THAT ACQUIRES THIS NOTE OR ANY SHARE OF COMMON STOCK ISSUED UPON EXCHANGE OF THIS NOTE (OR ANY INTEREST IN ANY OF THE FOREGOING) MAY NOT RESELL SUCH NOTE OR SHARE (OR
INTEREST THEREIN), AS APPLICABLE, UNLESS IN A TRANSACTION THAT IS REGISTERED UNDER THE SECURITIES ACT OR PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IN A TRANSACTION IMMEDIATELY FOLLOWING WHICH SUCH RESOLD NOTE
OR SHARE (OR INTEREST THEREIN), AS APPLICABLE, IS NOT A “RESTRICTED SECURITY” (AS DEFINED IN RULE 144 UNDER THE SECURITIES ACT). 

  
 B2-1

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