Document:

EX-4.1

 Exhibit 4.1 

Execution Version 
  

 
  

CONCHO RESOURCES INC., 

as Issuer, 
 COG ACREAGE
LP, 
 COG HOLDINGS LLC, 

COG OPERATING LLC, 
 COG
PRODUCTION LLC, 
 COG REALTY LLC, 

CONCHO OIL & GAS LLC, 

DELAWARE RIVER SWD LLC 

and 
 QUAIL RANCH LLC,

 as Subsidiary Guarantors, 

and 
 WELL FARGO BANK,
NATIONAL ASSOCIATION, 
 as Trustee 

TENTH SUPPLEMENTAL INDENTURE 

dated as of December 28, 2016 

to Senior Indenture 

dated as of September 18, 2009 

$600,000,000 4.375% Senior Notes due 2025 
  

 
  

 CROSS-REFERENCE TABLE 

 

					
	 TIA

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

 N.A. means Not Applicable 

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

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE ONE	  
	APPLICATION OF SUPPLEMENTAL INDENTURE	  
	AND CREATION OF THE INITIAL NOTES	  
			
	Section 101.	 	 Application of This Supplemental Indenture
	  	 	2	  
	Section 102.	 	 Effect of Supplemental Indenture
	  	 	3	  
	
	ARTICLE TWO	  
	DEFINITIONS AND OTHER PROVISIONS	  
	OF GENERAL APPLICATION	  
			
	Section 201.	 	 Definitions
	  	 	4	  
	Section 202.	 	 Compliance Certificates and Opinions
	  	 	38	  
	Section 203.	 	 Form of Documents Delivered to Trustee
	  	 	38	  
	Section 204.	 	 Acts of Holders; Record Dates
	  	 	39	  
	Section 205.	 	 Notices, Etc., to Trustee and Company
	  	 	41	  
	Section 206.	 	 Notice to Holders; Waiver
	  	 	41	  
	Section 207.	 	 Conflict with Trust Indenture Act
	  	 	41	  
	Section 208.	 	 Effect of Headings and Table of Contents
	  	 	41	  
	Section 209.	 	 Successors and Assigns
	  	 	42	  
	Section 210.	 	 Separability Clause
	  	 	42	  
	Section 211.	 	 Benefits of Indenture
	  	 	42	  
	Section 212.	 	 Governing Law
	  	 	42	  
	Section 213.	 	 Legal Holidays
	  	 	42	  
	Section 214.	 	 No Personal Liability of Directors, Officers, Employees and Stockholders
	  	 	42	  
	Section 215.	 	 No Adverse Interpretation of Other Agreements
	  	 	42	  
	Section 216.	 	 U.S.A. Patriot Act
	  	 	43	  
	Section 217.	 	 Counterpart Originals
	  	 	43	  
	
	ARTICLE THREE	  
	NOTE FORMS	  
			
	Section 301.	 	 Forms Generally
	  	 	43	  
	Section 302.	 	 Form of Legend for Global Notes
	  	 	43	  
	
	ARTICLE FOUR	  
	THE NOTES	  
			
	Section 401.	 	 Title and Terms
	  	 	44	  
	Section 402.	 	 Denominations
	  	 	44	  
	Section 403.	 	 Execution, Authentication, Delivery and Dating
	  	 	45	  
	Section 404.	 	 Temporary Securities
	  	 	45	  
	Section 405.	 	 Registration, Registration of Transfer and Exchange
	  	 	46	  
	Section 406.	 	 Mutilated, Destroyed, Lost and Stolen Notes
	  	 	47	  

  
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	 	 	 	  	Page	 
	Section 407.	 	 Payment of Interest; Interest Rights Preserved
	  	 	47	  
	Section 408.	 	 Persons Deemed Owners
	  	 	48	  
	Section 409.	 	 Cancellation
	  	 	49	  
	Section 410.	 	 Computation of Interest
	  	 	49	  
	
	ARTICLE FIVE	  
	SATISFACTION AND DISCHARGE	  
			
	Section 501.	 	 Satisfaction and Discharge of Indenture
	  	 	49	  
	Section 502.	 	 Application of Trust Money
	  	 	50	  
	
	ARTICLE SIX	  
	REMEDIES	  
			
	Section 601.	 	 Events of Default
	  	 	50	  
	Section 602.	 	 Acceleration of Maturity; Rescission and Annulment
	  	 	53	  
	Section 603.	 	 Collection of Indebtedness and Suits for Enforcement by Trustee
	  	 	54	  
	Section 604.	 	 Trustee May File Proofs of Claim
	  	 	54	  
	Section 605.	 	 Trustee May Enforce Claims Without Possession of Notes
	  	 	54	  
	Section 606.	 	 Application of Money Collected
	  	 	54	  
	Section 607.	 	 Limitation on Suits
	  	 	55	  
	Section 608.	 	 Unconditional Right of Holders to Receive Principal, Premium and Interest
	  	 	55	  
	Section 609.	 	 Restoration of Rights and Remedies
	  	 	56	  
	Section 610.	 	 Rights and Remedies Cumulative
	  	 	56	  
	Section 611.	 	 Delay or Omission Not Waiver
	  	 	56	  
	Section 612.	 	 Control by Holders
	  	 	56	  
	Section 613.	 	 Waiver of Past Defaults
	  	 	56	  
	Section 614.	 	 Undertaking for Costs
	  	 	57	  
	Section 615.	 	 Waiver of Usury, Stay or Extension Laws
	  	 	57	  
	
	ARTICLE SEVEN	  
	THE TRUSTEE	  
			
	Section 701.	 	 Certain Duties and Responsibilities
	  	 	57	  
	Section 702.	 	 Notice of Defaults
	  	 	57	  
	Section 703.	 	 Certain Rights of Trustee
	  	 	58	  
	Section 704.	 	 Not Responsible for Recitals or Issuance of Notes
	  	 	59	  
	Section 705.	 	 May Hold Notes
	  	 	59	  
	Section 706.	 	 Money Held in Trust
	  	 	59	  
	Section 707.	 	 Compensation and Reimbursement
	  	 	59	  
	Section 708.	 	 Conflicting Interests
	  	 	60	  
	Section 709.	 	 Corporate Trustee Required; Eligibility
	  	 	60	  
	Section 710.	 	 Resignation and Removal; Appointment of Successor
	  	 	60	  
	Section 711.	 	 Acceptance of Appointment by Successor
	  	 	61	  
	Section 712.	 	 Merger, Conversion, Consolidation or Succession to Business
	  	 	62	  
	Section 713.	 	 Preferential Collection of Claims Against Company
	  	 	62	  
	Section 714.	 	 Appointment of Authenticating Agent
	  	 	62	  

  
 ii 

							
	 	 	 	  	Page	 
	
	ARTICLE EIGHT	  
	HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY	  
			
	Section 801.	 	 Company to Furnish Trustee Names and Addresses of Holders
	  	 	64	  
	Section 802.	 	 Preservation of Information; Communications to Holders
	  	 	64	  
	Section 803.	 	 Reports by Trustee
	  	 	64	  
	Section 804.	 	 Reports by Company
	  	 	64	  
	
	ARTICLE NINE	  
	CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE	  
			
	Section 901.	 	 Company May Consolidate, Etc., Only on Certain Terms
	  	 	65	  
	Section 902.	 	 [Reserved]
	  	 	66	  
	Section 903.	 	 Certain Permitted Consolidations, Etc.
	  	 	66	  
	Section 904.	 	 Successor Substituted
	  	 	67	  
	
	ARTICLE TEN	  
	SUPPLEMENTAL INDENTURES	  
			
	Section 1001.	 	 Supplemental Indentures Without Consent of Holders
	  	 	67	  
	Section 1002.	 	 Supplemental Indentures With Consent of Holders
	  	 	68	  
	Section 1003.	 	 Execution of Supplemental Indentures
	  	 	69	  
	Section 1004.	 	 Effect of Supplemental Indentures
	  	 	69	  
	Section 1005.	 	 Conformity with Trust Indenture Act
	  	 	69	  
	Section 1006.	 	 Reference in Notes to Supplemental Indentures
	  	 	69	  
	
	ARTICLE ELEVEN	  
	COVENANTS	  
			
	Section 1101.	 	 Payment of Principal, Premium and Interest
	  	 	69	  
	Section 1102.	 	 Maintenance of Office or Agency
	  	 	70	  
	Section 1103.	 	 Money for Notes Payments to Be Held in Trust
	  	 	70	  
	Section 1104.	 	 Annual Compliance Certificate; Statement by Officers as to Default
	  	 	71	  
	Section 1105.	 	 Existence
	  	 	71	  
	Section 1106.	 	 [Reserved]
	  	 	72	  
	Section 1107.	 	 Payment of Taxes
	  	 	72	  
	Section 1108.	 	 [Reserved]
	  	 	72	  
	Section 1109.	 	 [Reserved]
	  	 	72	  
	Section 1110.	 	 Purchase of Notes Upon a Change of Control
	  	 	72	  
	Section 1111.	 	 Limitation on Indebtedness and Preferred Stock
	  	 	74	  
	Section 1112.	 	 Limitation on Restricted Payments
	  	 	78	  
	Section 1113.	 	 Limitation on Liens
	  	 	83	  
	Section 1114.	 	 Limitation on Restrictions on Distributions from Restricted Subsidiaries
	  	 	83	  
	Section 1115.	 	 Limitation on Sales of Assets and Subsidiary Stock
	  	 	87	  
	Section 1116.	 	 Limitation on Affiliate Transactions
	  	 	90	  
	Section 1117.	 	 Future Subsidiary Guarantors
	  	 	92	  
	Section 1118.	 	 [Reserved]
	  	 	92	  

  
 iii 

							
	 	 	 	  	Page	 
	Section 1119.	 	 Covenant Termination
	  	 	92	  
	
	ARTICLE TWELVE	  
	REDEMPTION OF NOTES	  
			
	Section 1201.	 	 Applicability of Article
	  	 	93	  
	Section 1202.	 	 Election to Redeem; Notice to Trustee
	  	 	93	  
	Section 1203.	 	 Optional Redemption
	  	 	93	  
	Section 1204.	 	 Selection by Trustee of Notes to Be Redeemed
	  	 	94	  
	Section 1205.	 	 Notice of Redemption
	  	 	94	  
	Section 1206.	 	 Deposit of Redemption Price
	  	 	95	  
	Section 1207.	 	 Notes Payable on Redemption Date
	  	 	95	  
	Section 1208.	 	 Notes Redeemed in Part
	  	 	95	  
	
	ARTICLE THIRTEEN	  
	[INTENTIONALLY DELETED]	  
	
	ARTICLE FOURTEEN	  
	DEFEASANCE AND COVENANT DEFEASANCE	  
			
	Section 1401.	 	 Company’s Option to Effect Defeasance or Covenant Defeasance
	  	 	96	  
	Section 1402.	 	 Defeasance and Discharge
	  	 	96	  
	Section 1403.	 	 Covenant Defeasance
	  	 	96	  
	Section 1404.	 	 Conditions to Defeasance or Covenant Defeasance
	  	 	97	  
	Section 1405.	 	 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous
Provisions
	  	 	98	  
	Section 1406.	 	 Reinstatement
	  	 	99	  
	
	ARTICLE FIFTEEN	  
	[INTENTIONALLY DELETED]	  
	
	ARTICLE SIXTEEN	  
	SUBSIDIARY GUARANTEES	  
			
	Section 1601.	 	 Unconditional Guarantee
	  	 	99	  
	Section 1602.	 	 Execution and Delivery of Notation of Subsidiary Guarantee
	  	 	101	  
	Section 1603.	 	 Limitation on Subsidiary Guarantors’ Liability
	  	 	101	  
	Section 1604.	 	 Release of Subsidiary Guarantors from Guarantee
	  	 	101	  
	Section 1605.	 	 Subsidiary Guarantor Contribution
	  	 	102	  
		
	ANNEX A	  			
		
	FORM OF NOTE	  	 	A-1	  

  
 iv 

							
	 	 	 	  	Page	 
		
	ANNEX B	  			
		
	NOTATION OF GUARANTEE	  	 	B-1	  
		
	ANNEX C	  			
		
	FORM OF SUPPLEMENTAL INDENTURE	  	 	C-1	  

  
 v 

 THIS TENTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
December 28, 2016, is among Concho Resources Inc., a Delaware corporation (herein called the “Company”), having its principal office at One Concho Center, 600 W. Illinois Avenue, Midland, Texas 79701, and COG Acreage LP, a Texas
limited partnership, COG Holdings LLC, a Texas limited liability company, COG Operating LLC, a Delaware limited liability company, COG Production LLC, a Texas limited liability company, COG Realty LLC, a Texas limited liability company, Concho
Oil & Gas LLC, a Texas limited liability company, Delaware River SWD LLC, a Texas limited liability company, and Quail Ranch LLC, a Texas limited liability company (together, the “Subsidiary Guarantors”), and Wells Fargo Bank,
National Association, as Trustee (herein called the “Trustee”) under the indenture, dated as of September 18, 2009, among the Company, the Subsidiary Guarantors and the Trustee (the “Base Indenture” and, as amended and
supplemented by this Supplemental Indenture, in respect of the Notes, the “Indenture”). 
 RECITALS OF THE COMPANY AND THE
SUBSIDIARY GUARANTORS 
 The Company and the Subsidiary Guarantors have duly authorized, executed and delivered the Base Indenture to
provide for the issuance from time to time of the Company’s unsecured debentures, notes or other evidences of indebtedness (herein called the “Securities”), to be issued in one or more series, and the Guarantee by each of the
Subsidiary Guarantors of the Securities, as the Base Indenture provides. 
 Section 901(7) of the Base Indenture provides, among other
things, that the Company, the Subsidiary Guarantors and the Trustee may enter into indentures supplemental to the Base Indenture, without the consent of any Holders of Securities, to establish the form or terms of any Security as permitted by
Sections 201 and 301 of the Base Indenture. 
 The Company, certain of the Subsidiary Guarantors and the Trustee have entered into
(i) a First Supplemental Indenture dated as of September 18, 2009 to establish the form and terms of the initial series of Securities, designated as the 8.625% Senior Notes due 2017 in an aggregate principal amount of $350,000,000, (ii) a
Second Supplemental Indenture dated as of November 3, 2010 to add two additional Subsidiaries of the Company, Concho Oil & Gas LLC and COG Holdings LLC, as Subsidiary Guarantors of the 8.625% Senior Notes due 2017, (iii) a Third
Supplemental Indenture dated as of December 14, 2010 to establish the form and terms of the 7.0% Senior Notes due 2021 in an aggregate principal amount of $600,000,000, (iv) a Fourth Supplemental Indenture dated as of May 23, 2011 to
establish the form and terms of the 6.5% Senior Notes due 2022 in an aggregate principal amount of $600,000,000, (v) a Fifth Supplemental Indenture dated as of December 12, 2011 to add three additional Subsidiaries of the Company, COG Acreage
LP, COG Production LLC and Delaware River SWD, LLC, as Subsidiary Guarantors of the 8.625% Senior Notes due 2017, the 7.0% Senior Notes due 2021 and the 6.5% Senior Notes due 2022, (vi) a Sixth Supplemental Indenture dated as of March 12, 2012
to establish and form the terms of the 5.5% Senior Notes due 2022 in an aggregate principal amount of $600,000,000, (vii) a Seventh Supplemental Indenture dated as of August 17, 2012 to establish the form and terms of the 5.5% Senior Notes due
2023 in an aggregate principal amount of $700,000,000, (viii) an Eighth Supplemental Indenture dated as of June 3, 2013 to amend the terms of the 8.625% Senior Notes due 2017 and (ix) a Ninth Supplemental Indenture dated as of
October 11, 2016 to add one additional Subsidiary of the Company as a Subsidiary Guarantor of the 6.5% Senior Notes due 2022, the 5.5% Senior Notes due 2022 and the 5.5% Senior Notes due 2023. 

  
 1 

 Pursuant to Sections 201 and 301 of the Base Indenture, the Company desires to execute this
Supplemental Indenture to establish the form and terms, and to provide for the issuance, of a series of senior notes designated as 4.375% Senior Notes due 2025 in an aggregate principal amount of $600,000,000 (the “Initial Notes”). 

From time to time subsequent to the Issue Date, the Company may, if permitted to do so pursuant to the terms of the Indenture, the Initial
Notes and the terms of its other indebtedness existing on such future date, issue additional senior notes of the same series as the Initial Notes in accordance with this Supplemental Indenture (the “Additional Notes” and, together with the
Initial Notes, the “Notes”), pursuant to this Supplemental Indenture. 
 The Company and the Subsidiary Guarantors are members of
the same consolidated group of companies. The Subsidiary Guarantors will derive direct and indirect economic benefit from the issuance of the Securities. Accordingly, each Subsidiary Guarantor has duly authorized the execution and delivery of this
Supplemental Indenture to provide for its full, unconditional and joint and several Guarantee of the Notes to the extent provided in or pursuant to the Indenture. 

This Supplemental Indenture is subject to the provisions of the Trust Indenture Act of 1939, as amended, that are required to be a part of
this Supplemental Indenture and shall, to the extent applicable, be governed by such provisions. 
 All things necessary have been done to
make the Notes, when executed by the Company and authenticated and delivered hereunder and duly issued by the Company, the valid obligations of the Company, and all things necessary have been done to make the Subsidiary Guarantees thereof, when the
Notes have been executed by the Company and authenticated and delivered hereunder and duly issued by the Company, the valid obligations of the Subsidiary Guarantors. All things necessary to make this Supplemental Indenture a valid agreement of each
of the Company and the Subsidiary Guarantors, in accordance with its terms, have been done. 
 NOW, THEREFORE, THIS SUPPLEMENTAL
INDENTURE WITNESSETH: 
 For and in consideration of the premises and the purchase of the Notes by the Holders thereof, it is mutually
agreed, for the equal and proportionate benefit of all Holders of the Notes, as follows: 
 ARTICLE ONE 

APPLICATION OF SUPPLEMENTAL INDENTURE 

AND CREATION OF THE INITIAL NOTES 

Section 101. Application of This Supplemental Indenture. 

Notwithstanding any other provision of this Supplemental Indenture, the provisions of this Supplemental Indenture, including as provided in
Section 102 below, are expressly and solely for the benefit of the Holders of the Notes and the Subsidiary Guarantees and shall not apply to any other series of Securities that may be issued hereafter under the Base Indenture. The Notes
constitute a series of Securities (as defined in the Base Indenture) as provided in Section 301 of the Base Indenture. Unless otherwise expressly specified, references in this Supplemental Indenture to specific Article numbers or Section
numbers refer to Articles and Sections contained in this Supplemental Indenture, and not the Base Indenture or any other document. 

  
 2 

 Section 102. Effect of Supplemental Indenture. 

With respect to the Notes (and any notation of Subsidiary Guarantee endorsed thereon) only, the Base Indenture shall be supplemented and
amended pursuant to Section 901 thereof to establish the form and terms of the Notes (and any notation of Subsidiary Guarantee endorsed thereon) as set forth in this Supplemental Indenture, including as follows: 

 

	 	(a)	Definitions. The definitions and other provisions of general application set forth in Section 101 of the Base Indenture are deleted and replaced in their entirety by the provisions of Section 201 of
this Supplemental Indenture; 

  

	 	(b)	Provisions of General Application and Security Forms. Sections 102 through 114 and Article Two of the Base Indenture are deleted and replaced in their entirety by the provisions of Article Two (other than
Section 201 of this Supplemental Indenture) and Article Three, respectively, of this Supplemental Indenture; 

  

	 	(c)	Transfer and Exchange. The provisions of Article Three of the Base Indenture are deleted and replaced in their entirety by the provisions of Article Four of this Supplemental Indenture; 

 

	 	(d)	Satisfaction and Discharge. The provisions of Article Four of the Base Indenture are deleted and replaced in their entirety by the provisions of Article Five of this Supplemental Indenture;

  

	 	(e)	Remedies. The provisions of Article Five of the Base Indenture are deleted and replaced in their entirety by the provisions of Article Six of this Supplemental Indenture; 

 

	 	(f)	The Trustee. The provisions of Article Six of the Base Indenture are deleted and replaced in their entirety by the provisions of Article Seven of this Supplemental Indenture; 

 

	 	(g)	Holders’ Lists and Reports by Trustee and Company. The provisions of Article Seven of the Base Indenture are deleted and replaced in their entirety by Article Eight of this Supplemental Indenture;

  

	 	(h)	Consolidation, Merger, Sale of Assets. The provisions of Article Eight of the Base Indenture are deleted and replaced in their entirety by the provisions of Article Nine of this Supplemental Indenture;

  

	 	(i)	Supplemental Indentures. The provisions of Article Nine of the Base Indenture are deleted and replaced in their entirety by the provisions of Article Ten of this Supplemental Indenture;

  

	 	(j)	Covenants. The provisions of Article Ten of the Base Indenture are deleted and replaced in their entirety by the provisions of Article Eleven of this Supplemental Indenture; 

 

	 	(k)	Redemption. The provisions of Article Eleven of the Base Indenture are deleted and replaced in their entirety by the provisions of Article Twelve of this Supplemental Indenture; 

 

	 	(l)	Subsidiary Guarantee. The provisions of Article Thirteen of the Base Indenture are deleted and replaced in their entirety by the provisions of Article Sixteen of this Supplemental Indenture; 

  
 3 

	 	(m)	Defeasance and Covenant Defeasance. The provisions of Article Fifteen of the Base Indenture are deleted and replaced in their entirety by the provisions of Article Fourteen of this Supplemental Indenture; and

  

	 	(n)	Sinking Fund. The provisions of Article Sixteen of the Base Indenture are deleted in their entirety. 

Articles Thirteen and Fifteen of this Supplemental Indenture are intentionally omitted. 

To the extent that the provisions of this Supplemental Indenture (including those referred to in clauses (a) through (n) above)
conflict with any provision of the Base Indenture, the provisions of this Supplemental Indenture shall govern and be controlling, solely with respect to the Notes (and any notation of Subsidiary Guarantee endorsed thereon). 

ARTICLE TWO 
 DEFINITIONS
AND OTHER PROVISIONS 
 OF GENERAL APPLICATION 

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

(1) the terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the
singular; 
 (2) all other terms used herein which are defined in the Trust Indenture Act, or the Securities Act, either
directly or by reference therein, have the meanings assigned to them therein; 
 (3) all accounting terms not otherwise
defined herein have the meanings assigned to them in accordance with GAAP, and references to any Statement of Financial Accounting Standards shall be deemed to include the successor statement or rule adopted by the Financial Accounting Standards
Board as part of its Accounting Standards Codification; 
 (4) unless the context otherwise requires, any reference to an
“Article” or a “Section” refers to an Article or a Section, as the case may be, of this Supplemental Indenture; and 

(5) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this
Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision. 
 “Acquired
Indebtedness” means Indebtedness (i) of a Person or any of its Subsidiaries existing at the time such Person becomes or is merged with and into a Restricted Subsidiary or (ii) assumed in connection with the acquisition of assets
from such Person, in each case whether or not Incurred by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary or such acquisition. Acquired Indebtedness shall be deemed to have been
Incurred, with respect to clause (i) of the preceding sentence, on the date such Person becomes or is merged with and into a Restricted Subsidiary and, with respect to clause (ii) of the preceding sentence, on the date of consummation of
such acquisition of assets. 

  
 4 

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

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

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

(3) the Capital Stock of a Person that becomes a Restricted Subsidiary as a result of the acquisition of such Capital Stock by
the Company or a Restricted Subsidiary; or 
 (4) Capital Stock constituting a Minority Interest in any Person that at such
time is a Restricted Subsidiary; 
 provided, however, that, in the case of clauses (3) and (4), such Restricted Subsidiary is primarily
engaged in the Oil and Gas Business. 
 “Adjusted Consolidated Net Tangible Assets” of the Company means (without
duplication), as of the date of determination, the remainder of: 
 (a) the sum of: (i) discounted future net revenues
from proved oil and gas reserves of the Company and its Restricted Subsidiaries calculated in accordance with SEC guidelines before any state or federal income taxes, as estimated by the Company in a reserve report prepared as of the end of the
Company’s most recently completed fiscal year for which audited financial statements are available, as increased by, as of the date of determination, the estimated discounted future net revenues from (A) estimated proved oil and gas
reserves acquired since such year end, which reserves were not reflected in such year-end reserve report, and (B) estimated oil and gas reserves attributable to extensions, discoveries and other additions
and upward revisions of estimates of proved oil and gas reserves since such year end due to exploration, development or exploitation, production or other activities, which would, in accordance with standard industry practice, cause such revisions
(including the impact to proved reserves and future net revenues from estimated development costs incurred and the accretion of discount since such year end), and decreased by, as of the date of determination, the estimated discounted future net
revenues from (C) estimated proved oil and gas reserves produced or disposed of since such year end, and (D) estimated oil and gas reserves attributable to downward revisions of estimates of proved oil and gas reserves since such year end
due to changes in geological conditions or other factors which would, in accordance with standard industry practice, cause such revisions, in each case calculated on a pre-tax basis and substantially in accordance with SEC guidelines, in the case of
clauses (A) through (D) utilizing prices and costs calculated in accordance with SEC guidelines as if the end of the most recent fiscal quarter preceding the date of determination for which such information is available to the Company were year-end; provided, however, that in the case of each of the determinations made pursuant to clauses (A) through (D), such increases and decreases shall be as estimated by the Company’s
petroleum engineers; (ii) the capitalized costs that are attributable to Oil and Gas Properties of the Company and its Restricted Subsidiaries to which no proved oil and gas reserves are attributable, based on the Company’s books and
records as of a date no earlier than the date of the Company’s latest available annual or quarterly financial statements; (iii) the Net Working Capital of the Company and its Restricted Subsidiaries on a date no earlier than the date of
the Company’s latest annual or 

  
 5 

 
quarterly financial statements; and (iv) the greater of (A) the net book value of other tangible assets of the Company and its Restricted Subsidiaries, as of a date no earlier than the
date of the Company’s latest annual or quarterly financial statements, and (B) the appraised value, as estimated by independent appraisers, of other tangible assets of the Company and its Restricted Subsidiaries, as of a date no earlier
than the date of the Company’s latest audited financial statements; provided, that, if no such appraisal has been performed the Company shall not be required to obtain such an appraisal and only clause (iv)(A) of this definition shall
apply; minus 
 (b) the sum of: (i) Minority Interests; (ii) any net gas balancing liabilities of the Company and
its Restricted Subsidiaries reflected in the Company’s latest annual or quarterly balance sheet (to the extent not deducted in calculating Net Working Capital of the Company in accordance with clause (a)(iii) above of this definition);
(iii) to the extent included in (a)(i) above, the discounted future net revenues, calculated in accordance with SEC guidelines (but utilizing prices and costs calculated in accordance with SEC guidelines as if the end of the most recent fiscal
quarter preceding the date of determination for which such information is available to the Company were year-end), attributable to reserves which are required to be delivered to third parties to fully satisfy
the obligations of the Company and its Restricted Subsidiaries with respect to Volumetric Production Payments (determined, if applicable, using the schedules specified with respect thereto); and (iv) the discounted future net revenues,
calculated in accordance with SEC guidelines, attributable to reserves subject to Dollar-Denominated Production Payments which, based on the estimates of production and price assumptions included in determining the discounted future net revenues
specified in (a)(i) above, would be necessary to fully satisfy the payment obligations of the Company and its Subsidiaries with respect to Dollar-Denominated Production Payments (determined, if applicable, using the schedules specified with respect
thereto). 
 If the Company changes its method of accounting from the successful efforts method of accounting to the full cost or a similar
method, “Adjusted Consolidated Net Tangible Assets” will continue to be calculated as if the Company were still using the successful efforts method of accounting. 

“Affiliate” of any specified Person means any other Person, directly or indirectly, controlling or controlled by or under
direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any Person means the power to direct the management and policies of such Person, directly or indirectly,
whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 

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

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

(2) the excess, if any, of: 

(a) the present value at such time of (i) the Redemption Price of such Note at January 15, 2020 (such Redemption
Price being set forth in the table appearing in the first paragraph of Section 1203) plus (ii) all required interest payments (excluding accrued and unpaid interest to such Redemption Date) due on such Note through January 15, 2020
computed using a discount rate equal to the Treasury Rate as of such Redemption Date plus 50 basis points; over 

  
 6 

 (b) the principal amount of such Note. 

“Asset Disposition” means any direct or indirect sale, lease (including by means of Production Payments and Reserve Sales and
a Sale/Leaseback Transaction) (other than an operating lease entered into in the ordinary course of the Oil and Gas Business), transfer, issuance or other disposition, or a series of related sales, leases, transfers, issuances or dispositions that
are part of a common plan, of (A) any Capital Stock of a Restricted Subsidiary (other than Preferred Stock of Restricted Subsidiaries issued in compliance with Section 1111, and directors’ qualifying shares or shares required by
applicable law to be held by a Person other than the Company or a Restricted Subsidiary), (B) all or substantially all the assets of any division or line of business of the Company or any Restricted Subsidiary (excluding any division or line of
business the assets of which are owned by an Unrestricted Subsidiary) or (C) any other assets of the Company or any Restricted Subsidiary outside of the ordinary course of business of the Company or such Restricted Subsidiary (each referred to
for the purposes of this definition as a “disposition”), in each case by the Company or any of its Restricted Subsidiaries, including any disposition by means of a merger, consolidation or similar transaction. 

Notwithstanding the preceding, the following items shall not be deemed to be Asset Dispositions: 

(1) a disposition by a Restricted Subsidiary to the Company or by the Company or a Restricted Subsidiary to a Restricted
Subsidiary; 
 (2) a disposition of cash, Cash Equivalents or other financial assets in the ordinary course of business; 

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

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

(5) transactions in accordance with Section 901; 

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

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

(9) dispositions of assets with a Fair Market Value of less than $25.0 million; 

(10) Permitted Liens; 

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

  
 7 

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

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

(15) surrender or waiver of contract rights, oil and gas leases, or the settlement, release or surrender of contract, tort or
other claims of any kind; 
 (16) the abandonment, farmout, lease or sublease of developed or undeveloped Oil and Gas
Properties in the ordinary course of business; and 
 (17) a disposition (whether or not in the ordinary course of business)
of any Oil and Gas Property or interest therein to which no proved reserves are attributable at the time of such disposition. 

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

“Base Indenture” has the meaning specified in the initial paragraph of this Supplemental Indenture. 

“Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Exchange Act), such “person”
will be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only after the passage
of time. The term “Beneficially Owns” has a corresponding meaning. For purposes of this definition, a Person shall not be deemed to Beneficially Own securities that are the subject of a stock purchase agreement, merger agreement or similar
agreement until consummation of the transactions or, as applicable, series of related transactions contemplated thereby. 

  
 8 

 “Board of Directors” means, as to any Person that is a corporation, the board of
directors of such Person or any duly authorized committee thereof or as to any Person that is not a corporation, the board of managers or such other individual or group serving a similar function. 

“Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have
been duly adopted by its Board of Directors and to be in full force and effect on the date of such certification. 
 “Business
Day” means each day that is not a Saturday, Sunday or other day on which commercial banking institutions in New York, New York or the location of the Corporate Trust Office are authorized or required by law to close. 

“Capital Stock” of any Person means any and all shares, units, interests, rights to purchase, warrants, options,
participations or other equivalents of or interests in (however designated) equity of such Person, including any Preferred Stock, but excluding any debt securities convertible into, or exchangeable for, such equity. 

“Capitalized Lease Obligations” means an obligation that is required to be classified and accounted for as a capitalized
lease for financial reporting purposes in accordance with GAAP, and the amount of Indebtedness represented by such obligation will be the capitalized amount of such obligation at the time any determination thereof is to be made as determined in
accordance with GAAP, and the Stated Maturity thereof will be the date of the last payment of rent or any other amount due under such lease prior to the first date such lease may be terminated without penalty. Notwithstanding the preceding, any
lease (whether entered into before or after the Issue Date) that would have been classified as an operating lease pursuant to GAAP as in effect on the Issue Date will be deemed not to represent a Capitalized Lease Obligation. 

“Cash Equivalents” means: 

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

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

 (3) certificates of deposit, time deposits, eurodollar time deposits, overnight bank deposits or bankers’ acceptances
having maturities of not more than one year from the date of acquisition thereof issued by any commercial bank the short-term deposit of which is rated at the time of acquisition thereof at least
“A-2” or the equivalent thereof by S&P, or “P-2” or the equivalent thereof by Moody’s, and having combined capital and surplus in excess of
$100.0 million; 

  
 9 

 (4) repurchase obligations with a term of not more than seven days for underlying
securities of the types described in clauses (1), (2) and (3) entered into with any bank meeting the qualifications specified in clause (3) above; 

(5) commercial paper rated at the time of acquisition thereof at least “A-2”
or the equivalent thereof by S&P or “P-2” or the equivalent thereof by Moody’s, or carrying an equivalent rating by a nationally recognized rating agency, if both of the two named Rating
Agencies cease publishing ratings of investments, and in any case maturing within one year after the date of acquisition thereof; and 

(6) interests in any investment company or money market fund which invests 95% or more of its assets in instruments of the type
specified in clauses (1) through (5) above. 
 “Change of Control” means: 

(1) any “person” or “group” of related persons (as such terms are used in Sections 13(d) and 14(d) of the
Exchange Act), is or becomes the Beneficial Owner, directly or indirectly, of more than 50% of the total voting power of the Voting Stock of the Company (or its successor by merger, consolidation or purchase of all or substantially all of its
assets) (for the purposes of this clause (1), such person or group shall be deemed to Beneficially Own any Voting Stock of the Company held by a parent entity, if such person or group Beneficially Owns, directly or indirectly, more than 50% of the
total voting power of the Voting Stock of such parent entity), which occurrence is followed by a Rating Decline within 90 days; 

(2) the sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a
series of related transactions, of all or substantially all of the assets of the Company and its Restricted Subsidiaries taken as a whole to any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act), which
occurrence is followed by a Rating Decline within 90 days; or 
 (3) the adoption by the shareholders of the Company of a
plan or proposal for the liquidation or dissolution of the Company. 
 “Commodity Agreements” means, in respect of any
Person, any forward contract, commodity swap agreement, commodity option agreement or other similar agreement or arrangement in respect of Hydrocarbons used, produced, processed or sold by such Person that are customary in the Oil and Gas Business
and designed to protect such Person against fluctuation in Hydrocarbon prices. 
 “Common Stock” means, with respect to any
Person, any and all shares, interests or other participations in, and other equivalents (however designated and whether voting or nonvoting) of such Person’s common stock whether or not outstanding on the Issue Date, and includes, without
limitation, all series and classes of such common stock. 
 “Company” means the Person named as the “Company” in
the first paragraph of this instrument until a successor Person shall have become such pursuant to the applicable provisions of the Indenture, and thereafter “Company” shall mean such successor Person. 

“Company Request” or “Company Order” means a written request or order signed in the name of the Company by
an Officer and delivered to the Trustee. 

  
 10 

 “Consolidated Coverage Ratio” means as of any date of determination, the ratio
of (x) the aggregate amount of Consolidated EBITDAX of the Company for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which financial statements are in existence to (y) its
Consolidated Interest Expense for such four fiscal quarters, provided, however, that: 
 (1) if the Company or
any Restricted Subsidiary: 
 (a) has Incurred any Indebtedness since the beginning of such period that remains outstanding
on such date of determination or if the transaction giving rise to the need to calculate the Consolidated Coverage Ratio is an Incurrence of Indebtedness, Consolidated EBITDAX and Consolidated Interest Expense for such period will be calculated
after giving effect on a pro forma basis to such Indebtedness and the use of proceeds thereof as if such Indebtedness had been Incurred on the first day of such period and such proceeds had been applied as of such date (except that in making such
computation, the amount of Indebtedness under any revolving Credit Facility outstanding on the date of such calculation will be deemed to be (i) the average daily balance of such Indebtedness during such four fiscal quarters or such shorter
period for which such facility was outstanding or (ii) if such revolving Credit Facility was created after the end of such four fiscal quarters, the average daily balance of such Indebtedness during the period from the date of creation of such
revolving Credit Facility to the date of such calculation, in each case, provided that such average daily balance shall take into account any repayment of Indebtedness under such revolving Credit Facility as provided in clause (b)); or 

(b) has repaid, repurchased, defeased or otherwise discharged any Indebtedness since the beginning of the period, including
with the proceeds of such new Indebtedness, that is no longer outstanding on such date of determination or if the transaction giving rise to the need to calculate the Consolidated Coverage Ratio involves a discharge of Indebtedness (in each case
other than Indebtedness Incurred under any revolving Credit Facility unless such Indebtedness has been permanently repaid and the related commitment terminated), Consolidated EBITDAX and Consolidated Interest Expense for such period will be
calculated after giving effect on a pro forma basis to such discharge of such Indebtedness as if such discharge had occurred on the first day of such period; 

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

  
 11 

 (3) if, since the beginning of such period, the Company or any Restricted
Subsidiary (by merger or otherwise) has made an Investment in any Restricted Subsidiary (or any Person which becomes a Restricted Subsidiary or is merged with or into the Company or a Restricted Subsidiary) or an acquisition (or will have received a
contribution) of assets, including any acquisition or contribution of assets occurring in connection with a transaction causing a calculation to be made under the Indenture, which constitutes all or substantially all of a company, division,
operating unit, segment, business, group of related assets or line of business, Consolidated EBITDAX and Consolidated Interest Expense for such period will be calculated after giving pro forma effect thereto (including the Incurrence of any
Indebtedness) as if such Investment or acquisition or contribution had occurred on the first day of such period; and 
 (4)
if, since the beginning of such period, any Person (that subsequently became a Restricted Subsidiary or was merged with or into the Company or any Restricted Subsidiary since the beginning of such period) made any Asset Disposition or any Investment
or acquisition of assets that would have required an adjustment pursuant to clause (2) or (3) above if made by the Company or a Restricted Subsidiary during such period, Consolidated EBITDAX and Consolidated Interest Expense for such
period will be calculated after giving pro forma effect thereto as if such Asset Disposition or Investment or acquisition of assets had occurred on the first day of such period. 

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

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

(1) Consolidated Interest Expense; 

(2) Consolidated Income Tax Expense; 

  
 12 

 (3) consolidated depletion and depreciation expense of the Company and its
Restricted Subsidiaries; 
 (4) consolidated amortization expense or impairment charges of the Company and its Restricted
Subsidiaries recorded in connection with the application of FASB Accounting Standards Codification (“ASC”) Topic No. 350, Intangibles – Goodwill and Others, and FASB ASC Topic No. 360, Property, Plant and
Equipment; 
 (5) other non-cash charges of the Company and its Restricted
Subsidiaries (excluding any such non-cash charge to the extent it represents an accrual of or reserve for cash charges in any future period or amortization of a prepaid cash expense that was paid in a prior
period not included in the calculation); and 
 (6) consolidated exploration and abandonment expense of the Company and its
Restricted Subsidiaries, 
 if applicable for such period; and less, to the extent included in calculating such Consolidated Net Income and in excess of any
costs or expenses attributable thereto that were deducted (and not added back) in calculating such Consolidated Net Income, the sum of (x) the amount of deferred revenues that are amortized during such period and are attributable to reserves
that are subject to Volumetric Production Payments, (y) amounts recorded in accordance with GAAP as repayments of principal and interest pursuant to Dollar-Denominated Production Payments and (z) other
non-cash gains (excluding any non-cash gain to the extent it represents the reversal of an accrual or reserve for a potential cash item that reduced Consolidated EBITDAX
in any prior period). 
 Notwithstanding the preceding sentence, clauses (2) through (6) relating to amounts of a Restricted
Subsidiary of the Company will be added to Consolidated Net Income to compute Consolidated EBITDAX of the Company only to the extent (and in the same proportion) that the net income (loss) of such Restricted Subsidiary was included in calculating
the Consolidated Net Income of the Company and, to the extent the amounts set forth in clauses (2) through (6) are in excess of those necessary to offset a net loss of such Restricted Subsidiary or if such Restricted Subsidiary has net
income for such period included in Consolidated Net Income, only if a corresponding amount would be permitted at the date of determination to be dividended to the Company by such Restricted Subsidiary without prior approval (that has not been
obtained), pursuant to the terms of its charter and all agreements, instruments, judgments, decrees, orders, statutes, rules and governmental regulations applicable to that Restricted Subsidiary or the holders of its Capital Stock. 

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

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

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

  
 13 

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

(3) non-cash interest expense; 

(4) commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance
financing; 
 (5) the interest expense on Indebtedness of another Person that is Guaranteed by the Company or one of its
Restricted Subsidiaries or secured by a Lien on assets of the Company or one of its Restricted Subsidiaries, to the extent such Guarantee becomes payable or such Lien becomes subject to foreclosure; 

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

(7) the consolidated interest expense of the Company and its Restricted Subsidiaries that was capitalized during such period;
and 
 (8) all dividends paid or payable in cash, Cash Equivalents or Indebtedness or accrued during such period on any
series of Disqualified Stock of the Company or on Preferred Stock of its Restricted Subsidiaries payable to a party other than the Company or a Wholly-Owned Subsidiary, 

minus, to the extent included above, any interest attributable to Dollar-Denominated Production Payments. 

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

“Consolidated Net Income” means, for any period, the aggregate net income (loss) of the Company and its consolidated
Subsidiaries determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends of such Person; provided, however, that there will not be included (to the extent otherwise included therein) in such
Consolidated Net Income: 
 (1) any net income (loss) of any Person (other than the Company) if such Person is not a
Restricted Subsidiary, except that: 
 (a) subject to the limitations contained in clauses (3) and (4) below, the
Company’s equity in the net income of any such Person for such period will be included in such Consolidated Net Income up to the aggregate amount of cash actually distributed by such Person during such period to the Company or a Restricted
Subsidiary as a dividend or other distribution (subject, in the case of a dividend or other distribution to a Restricted Subsidiary, to the limitations contained in clause (2) below); and 

  
 14 

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

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

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

(b) the Company’s equity in a net loss of any such Restricted Subsidiary for such period will be included in determining
such Consolidated Net Income; 
 (3) any gain (loss) realized upon the sale or other disposition of any property, plant or
equipment of the Company or its consolidated Subsidiaries (including pursuant to any Sale/Leaseback Transaction) which is not sold or otherwise disposed of in the ordinary course of business and any gain (loss) realized upon the sale or other
disposition of any Capital Stock of any Person; 
 (4) any extraordinary or nonrecurring gains or losses, together with any
related provision for taxes on such gains or losses and all related fees and expenses; 
 (5) the cumulative effect of a
change in accounting principles; 
 (6) any asset impairment writedowns on Oil and Gas Properties under GAAP or SEC
guidelines; 
 (7) any unrealized non-cash gains or losses or charges in respect of
Hedging Obligations (including those resulting from the application of FASB ASC Topic No. 815, Derivatives and Hedging); 

(8) income or loss attributable to discontinued operations (including, without limitation, operations disposed of during such
period whether or not such operations were classified as discontinued); 
 (9) all deferred financing costs written off, and
premiums paid, in connection with any early extinguishment of Indebtedness; and 
 (10) any
non-cash compensation charge arising from any grant of stock, stock options or other equity based awards; provided that the proceeds resulting from any such grant will be excluded from Section
1112(c)(ii). 

  
 15 

 “Corporate Trust Office” means the office of the Trustee in Dallas, Texas at
which at any particular time its corporate trust business in relation to the Notes shall be administered, which office on the date hereof is located at 750 N. St. Paul Place, Suite 1750, MAC T9263-170, Dallas,
Texas 75201, or such other address as the Trustee may designate from time to time by notice to the Holders and the Company, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may
designate from time to time by notice to the Holders and the Company). 
 “Covenant Defeasance” has the meaning specified
in Section 1403. 
 “Credit Facility” means, with respect to the Company or any Restricted Subsidiary, one or more
debt facilities (including, without limitation, the Senior Secured Credit Agreement), indentures or commercial paper facilities providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to
such lenders or to special purpose entities formed to borrow from such lenders against such receivables) or letters of credit, in each case, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to
time (and whether or not with the original administrative agent and lenders or another administrative agent or agents or other lenders and whether provided under the original Senior Secured Credit Agreement or any other credit or other agreement or
indenture). 
 “Currency Agreement” means in respect of a Person any foreign exchange contract, currency swap agreement,
futures contract, option contract or other similar agreement as to which such Person is a party or a beneficiary. 
 “Customary
Recourse Exceptions” means, with respect to any Non-Recourse Debt of an Unrestricted Subsidiary, exclusions from the exculpation provisions with respect to such
Non-Recourse Debt for the voluntary bankruptcy of such Unrestricted Subsidiary, fraud, misapplication of cash, environmental claims, waste, willful destruction and other circumstances customarily excluded by
lenders from exculpation provisions or included in separate indemnification agreements in non-recourse financings. 

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

“Defaulted Interest” has the meaning specified in Section 407. 

“Defeasance” has the meaning specified in Section 1402. 

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

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

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

  
 16 

 (2) is convertible or exchangeable for Disqualified Stock or other Indebtedness
(excluding Capital Stock which is convertible or exchangeable solely at the option of such Person or one of its Subsidiaries); or 

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

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

“Dollar-Denominated Production Payments” means production payment obligations recorded as liabilities in accordance with
GAAP, together with all undertakings and obligations in connection therewith. 
 “Equity Interests” means Capital Stock and
all warrants, options or other rights to acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock). 

“Equity Offering” means a public or private offering for cash by the Company of Capital Stock (other than Disqualified
Stock), other than public offerings registered on Form S-8. 
 “Event of Default”
has the meaning specified in Section 601. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and
the rules and regulations of the SEC promulgated thereunder. 
 “Expiration Date” has the meaning specified in
Section 204. 
 “Fair Market Value” means, with respect to any asset or property, the sale value that would be
obtained in an arm’s-length free market transaction between an informed and willing seller under no compulsion to sell and an informed and willing buyer under no compulsion to buy. Fair Market Value of an
asset or property in excess of $50.0 million shall be determined by the Board of Directors of the Company acting in good faith, whose determination shall be conclusive and evidenced by a resolution of such Board of Directors, and any lesser
Fair Market Value may be determined by an officer of the Company acting in good faith. 
 “Foreign Subsidiary” means any
Restricted Subsidiary that is not organized under the laws of the United States of America or any state thereof or the District of Columbia. 

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

  
 17 

 “GAAP” means generally accepted accounting principles in the United States of
America as in effect from time to time. All ratios and computations based on GAAP contained in the Indenture will be computed in conformity with GAAP. 

“Global Note” means a Note that evidences all or part of the Notes and bears the legend set forth in Section 302. 

“Guarantee” means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Indebtedness
of any other Person and any obligation, direct or indirect, contingent or otherwise, of such Person: 
 (1) to purchase or
pay (or advance or supply funds for the purchase or payment of) such Indebtedness of such other Person (whether arising by virtue of partnership arrangements, or by agreement to keep-well, to purchase assets, goods, securities or services, to take-or-pay, or to maintain financial statement conditions or otherwise); or 

(2) entered into for purposes of assuring in any other manner the obligee of such Indebtedness of the payment thereof or to
protect such obligee against loss in respect thereof (in whole or in part); 
 provided, however, that the term “Guarantee” shall
not include endorsements for collection or deposit in the ordinary course of business or any obligation to the extent it is payable only in Capital Stock of the Guarantor that is not Disqualified Stock. The term “Guarantee” used as a verb
has a corresponding meaning. 
 “Guarantor Subordinated Obligation” means, with respect to a Subsidiary Guarantor, any
Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) which is expressly subordinate in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a
written agreement. 
 “Hedging Obligations” of any Person means the obligations of such Person pursuant to any Interest
Rate Agreement, Currency Agreement or Commodity Agreement. 
 “Holder” means a Person in whose name a Note is registered on
the Security Registrar’s books. 
 “Hydrocarbons” means oil, natural gas, casing head gas, drip gasoline, natural
gasoline, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons and all constituents, elements or compounds thereof and products refined or processed therefrom. 

“Immaterial Subsidiary” means, as of any date, any Restricted Subsidiary whose total assets, as of the end of the most recent
month for which financial statements are available, are less than $1,000,000 and whose total revenues for the most recent 12-month period for which financial statements are available do not exceed $1,000,000;
provided that a Restricted Subsidiary will not be considered to be an Immaterial Subsidiary if it, directly or indirectly, Guarantees or otherwise provides direct credit support for any Indebtedness of the Company. 

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

  
 18 

 “Indebtedness” means, with respect to any Person on any date of determination
(without duplication, whether or not contingent): 
 (1) the principal of and premium (if any) in respect of indebtedness of
such Person for borrowed money; 
 (2) the principal of and premium (if any) in respect of obligations of such Person
evidenced by bonds, debentures, notes or other similar instruments; 
 (3) the principal component of all obligations of such
Person in respect of letters of credit, bankers’ acceptances or other similar instruments (including reimbursement obligations with respect thereto except to the extent such reimbursement obligation relates to a trade payable and except to the
extent such letters of credit are not drawn upon or, if and to the extent drawn upon, such obligation is satisfied within 30 days of payment on the letter of credit); 

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

(5) Capitalized Lease Obligations of such Person to the extent such Capitalized Lease Obligations would appear as liabilities
on the consolidated balance sheet of such Person in accordance with GAAP; 
 (6) the principal component or liquidation
preference of all obligations of such Person with respect to the redemption, repayment or other repurchase of any Disqualified Stock or, with respect to any Subsidiary that is not a Subsidiary Guarantor, any Preferred Stock (but excluding, in each
case, any accrued dividends); 
 (7) the principal component of all Indebtedness of other Persons secured by a Lien on any
asset of such Person, whether or not such Indebtedness is assumed by such Person; provided, however, that the amount of such Indebtedness will be the lesser of (a) the Fair Market Value of such asset at such date of determination
and (b) the amount of such Indebtedness of such other Persons; 
 (8) the principal component of Indebtedness of other
Persons to the extent Guaranteed by such Person; and 
 (9) to the extent not otherwise included in this definition, net
obligations of such Person under Commodity Agreements, Currency Agreements and Interest Rate Agreements (the amount of any such obligations to be equal at any time to the termination value of such agreement or arrangement giving rise to such
obligation that would be payable by such Person at such time); 

  
 19 

 provided, however, that any indebtedness which has been defeased in accordance with GAAP or
defeased pursuant to the deposit of cash or Cash Equivalents (in an amount sufficient to satisfy all such indebtedness obligations at maturity or redemption, as applicable, and all payments of interest and premium, if any) in a trust or account
created or pledged for the sole benefit of the holders of such indebtedness, and subject to no other Liens, shall not constitute “Indebtedness.” 

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

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

(1) Production Payments and Reserve Sales; 

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

 (3) any obligations under Currency Agreements, Commodity Agreements and Interest Rate Agreements; provided that
such agreements are entered into for bona fide hedging purposes of such Person or its Subsidiaries (as determined in good faith by the Board of Directors or senior management of the Person, whether or not accounted for as a hedge in accordance with
GAAP) and, in the case of Currency Agreements or Commodity Agreements, such Currency Agreements or Commodity Agreements are related to business transactions of the Person or its Subsidiaries entered into in the ordinary course of business and, in
the case of Interest Rate Agreements, such Interest Rate Agreements substantially correspond in terms of notional amount, duration and interest rates, as applicable, to Indebtedness of the Person or its Subsidiaries Incurred without violation of the
Indenture; 
 (4) any obligation arising from agreements of such Person or a Subsidiary providing for indemnification,
Guarantees, adjustment of purchase price, holdbacks, contingency payment obligations or similar obligations, in each case, Incurred or assumed in connection with the acquisition or disposition of any business, assets or Capital Stock of a
Subsidiary, provided that such Indebtedness is not reflected on the face of the balance sheet of the Person or any Subsidiary; 

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

(6) in-kind obligations relating to net oil or natural gas balancing positions arising
in the ordinary course of business; 
 (7) all contracts and other obligations, agreements, instruments or arrangements
described in clause (19), (20), (21) or (28)(a) of the definition of “Permitted Liens”; 

  
 20 

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

(9) any repayment or reimbursement obligation of such Person or any of its Restricted Subsidiaries with respect to Customary
Recourse Exceptions, unless and until an event or circumstance occurs that triggers the Person’s or such Restricted Subsidiary’s direct repayment or reimbursement obligation (as opposed to contingent or performance obligations) to the
lender or other Person to whom such obligation is actually owed, in which case the amount of such direct payment or reimbursement obligation shall constitute Indebtedness. 

In addition, “Indebtedness” of any Person shall include Indebtedness described in the first paragraph of this definition of
“Indebtedness” that would not appear as a liability on the balance sheet of such Person if: 
 (1) such
Indebtedness is the obligation of a partnership or joint venture that is not a Subsidiary of such Person (a “Joint Venture”); 

(2) such Person or a Subsidiary of such Person is a general partner of the Joint Venture or otherwise liable for all or a
portion of the Joint Venture’s liabilities (a “General Partner”); and 
 (3) there is recourse, by contract or
operation of law, with respect to the payment of such Indebtedness to property or assets of such Person or a Subsidiary of such Person; and then such Indebtedness shall be included in an amount not to exceed: 

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

(b) if less than the amount determined pursuant to clause (a) immediately above, the actual amount of such Indebtedness
that is with recourse to such Person or a Subsidiary of such Person, if the Indebtedness is evidenced by a writing and is for a determinable amount and the related interest expense shall be included in Consolidated Interest Expense to the extent
actually paid by such Person and its Subsidiaries. 
 “Indenture” has the meaning specified in the first paragraph of this
Supplemental Indenture. 
 “Interest Payment Date,” when used with respect to any Note, means the Stated Maturity of an
installment of interest on such Note. 
 “Interest Rate Agreement” means with respect to any Person any interest rate
protection agreement, interest rate future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement or other similar agreement or arrangement
as to which such Person is party or a beneficiary. 

  
 21 

 “Investment” means, with respect to any Person, all investments by such Person
in other Persons (including Affiliates) in the form of any direct or indirect advance, loan or other extensions of credit (including by way of Guarantee or similar arrangement, but excluding any debt or extension of credit represented by a bank
deposit other than a time deposit and advances or extensions of credit to customers in the ordinary course of business) or capital contribution to (by means of any transfer of cash or other property to others or any payment for property or services
for the account or use of others), or any purchase or acquisition of Capital Stock, Indebtedness or other similar instruments (excluding any interest in a crude oil or natural gas leasehold to the extent constituting a security under applicable law)
issued by, such other Person and all other items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP; provided that none of the following will be deemed to be an Investment: 

(1) Hedging Obligations entered into in the ordinary course of business and in compliance with the Indenture; 

(2) endorsements of negotiable instruments and documents in the ordinary course of business; and 

(3) an acquisition of assets, Capital Stock or other securities by such Person or a Subsidiary for consideration to the extent
such consideration consists of Common Stock of such Person. 
 The amount of any Investment shall not be adjusted for increases or decreases
in value, write-ups, write-downs or write-offs with respect to such Investment. 
 For purposes of
the definition of “Unrestricted Subsidiary” and Section 1112, 
 (1) “Investment” will include the
portion (proportionate to the Company’s equity interest in a Restricted Subsidiary to be designated as an Unrestricted Subsidiary) of the Fair Market Value of the net assets of such Restricted Subsidiary at the time that such Restricted
Subsidiary is designated an Unrestricted Subsidiary; provided, however, that upon a redesignation of such Subsidiary as a Restricted Subsidiary, the Company will be deemed to continue to have a permanent “Investment” in an
Unrestricted Subsidiary in an amount (if positive) equal to (a) the Company’s “Investment” in such Subsidiary at the time of such redesignation less (b) the portion (proportionate to the Company’s equity interest in
such Subsidiary) of the Fair Market Value of the net assets of such Subsidiary at the time that such Subsidiary is so redesignated a Restricted Subsidiary; 

(2) any property transferred to or from an Unrestricted Subsidiary will be valued at its Fair Market Value at the time of such
transfer; and 
 (3) if the Company or any Restricted Subsidiary sells or otherwise disposes of any Capital Stock of any
Restricted Subsidiary such that, after giving effect to any such sale or disposition, such entity is no longer a Subsidiary of the Company, then the Company shall be deemed to have made an Investment on the date of any such sale or disposition equal
to the Fair Market Value of the Capital Stock of such former Subsidiary not sold or disposed of. 
 “Investment Company
Act” means the Investment Company Act of 1940 and any statute successor thereto, in each case as amended from time to time. 

“Investment Grade Rating” means a rating equal to or higher than: 

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

  
 22 

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

 or, if either such entity ceases to make a rating on the Notes publicly available for reasons outside of the Company’s control, the equivalent
investment grade credit rating from any other Rating Agency. 
 “Investment Grade Rating Event” means the first day on
which the Notes have an Investment Grade Rating from at least one Rating Agency, and no Default has occurred and is then continuing under the Indenture. 

“Issue Date” means the first date on which the Notes are issued under the Indenture. 

“Lien” means, with respect to any asset, any mortgage, lien (statutory or otherwise), pledge, hypothecation, charge, security
interest, preference, priority or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the
nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction; provided that
in no event shall an operating lease be deemed to constitute a Lien. 
 “Minority Interest” means the percentage interest
represented by any class of Capital Stock of a Restricted Subsidiary that are not owned by the Company or a Restricted Subsidiary. 

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

“Net Available Cash” from an Asset Disposition means cash payments received (including any cash payments received by way of
deferred payment of principal pursuant to a note or installment receivable or otherwise and net proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other
consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to the properties or assets that are the subject of such Asset Disposition or received in any other
non-cash form, including consideration deemed to be cash pursuant to clause (2) of the seventh paragraph of Section 1115) therefrom, in each case net of: 

(1) all legal, accounting, investment banking, title and recording tax expenses, commissions and other fees and expenses
Incurred, and all federal, state, provincial, foreign and local taxes required to be paid or accrued as a liability under GAAP (after taking into account any available tax credits or deductions and any tax sharing agreements), as a consequence of
such Asset Disposition; 
 (2) all payments made on any Indebtedness which is secured by any assets subject to such Asset
Disposition, in accordance with the terms of any Lien upon such assets, or which must by its terms, or in order to obtain a necessary consent to such Asset Disposition, or by applicable law be repaid out of the proceeds from such Asset Disposition;

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

  
 23 

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

(5) all relocation expenses incurred as a result thereof and all related severance and associated costs, expenses and charges
of personnel related to assets and related operations disposed of; 
 provided, however, that if any consideration for an Asset Disposition
(that would otherwise constitute Net Available Cash) is required to be held in escrow pending determination of whether or not a purchase price adjustment will be made, such consideration (or any portion thereof) shall become Net Available Cash only
at such time as it is released to the Company or any of its Restricted Subsidiaries from escrow. 
 “Net Cash Proceeds,”
with respect to any issuance or sale of Capital Stock or any contribution to equity capital, means the cash proceeds of such issuance, sale or contribution net of attorneys’ fees, accountants’ fees, underwriters’ or placement
agents’ fees, listing fees, discounts or commissions and brokerage, consultant and other fees and charges actually Incurred in connection with such issuance, sale or contribution and net of taxes paid or payable as a result of such issuance or
sale (after taking into account any available tax credit or deductions and any tax sharing arrangements). 
 “Net Working
Capital” means (a) the sum of (i) all current assets of the Company and its Restricted Subsidiaries, except current assets from commodity price risk management activities arising in the ordinary course of the Oil and Gas Business,
plus (ii) the amount of revolving credit borrowings available to be Incurred under the Senior Secured Credit Agreement less (b) all current liabilities of the Company and its Restricted Subsidiaries, except current liabilities
(i) associated with asset retirement obligations relating to Oil and Gas Properties, (ii) included in Indebtedness and (iii) any current liabilities from commodity price risk management activities arising in the ordinary course of the
Oil and Gas Business, in each case as set forth in the consolidated financial statements of the Company prepared in accordance with GAAP. 

“Non-Recourse Debt” means Indebtedness of a Person: 

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

(2) no default with respect to which (including any rights that the holders thereof may have to take enforcement action against
an Unrestricted Subsidiary) would permit (upon notice, lapse of time or both) any holder of any other Indebtedness of the Company or any Restricted Subsidiary to declare a default under such other Indebtedness or cause the payment thereof to be
accelerated or payable prior to its stated maturity; and 
 (3) the explicit terms of which provide there is no recourse
against any of the assets of the Company or its Restricted Subsidiaries, except for Customary Recourse Exceptions. 
 “Notice of
Default” means a written notice of the kind specified in Section 601(4). 
 “Obligations” has the meaning
specified in Section 1601. 

  
 24 

 “Officer” means the Chairman of the Board, the Chief Executive Officer, the
President, the Chief Financial Officer, any Vice President, the Treasurer or the Secretary of the Company. Officer of any Subsidiary Guarantor has a correlative meaning. 

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

“Oil and Gas Business” means: 

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

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

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

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

(5) any business or activity relating to, arising from, or necessary, appropriate or incidental to the activities described in
the foregoing clauses (1) through (4) of this definition. 
 “Oil and Gas Properties” means all properties,
including equity or other ownership interests therein, owned by a Person which contain or are believed to contain oil and gas reserves. 

“Opinion of Counsel” means a written opinion from legal counsel who is acceptable to the Trustee and that meets the
requirements of Section 202. The counsel may be an employee of or counsel to the Company or the Trustee. 

“Outstanding,” when used with respect to the Notes, means, as of the date of determination, all Notes theretofore
authenticated and delivered under the Indenture, except: 
 (1) Notes theretofore cancelled by the Trustee or delivered to
the Trustee for cancellation; 
 (2) Notes for whose payment or redemption money in the necessary amount has been theretofore
deposited with the Trustee or any Paying Agent (other than the Company or an Affiliate of the Company) in trust or set aside and segregated in trust by the Company (if the Company or an Affiliate of the Company shall act as its own Paying Agent) for
the Holders of such Notes; provided that, if such Notes are to be redeemed, notice of such redemption has been duly given pursuant to the Indenture or provision therefor satisfactory to the Trustee has been made; 

  
 25 

 (3) Notes as to which Defeasance has been effected pursuant to Section 1402;
and 
 (4) Notes which have been paid pursuant to Section 406 or in exchange for or in lieu of which other Notes have
been authenticated and delivered pursuant to the Indenture, other than any such Notes in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Notes are held by a protected purchaser in whose hands such
Notes are valid obligations of the Company; 
 provided, however, that in determining whether the Holders of the requisite principal amount of
the Outstanding Notes have given, made or taken any request, demand, authorization, direction, notice, consent, waiver or other Act hereunder as of any date, Notes owned by the Company or any other obligor upon the Notes or any Affiliate of the
Company or such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent, waiver or
other action, only Notes which the Trustee knows to be so owned shall be so disregarded. Notes so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the
pledgee’s right so to act with respect to such Notes and that the pledgee is not the Company or any other obligor upon the Notes or any Affiliate of the Company or of such other obligor. 

“Pari Passu Indebtedness” means any Indebtedness of the Company or any Subsidiary Guarantor that ranks equally in right of
payment to the Notes or the Subsidiary Guarantees, as the case may be. 
 “Paying Agent” means any Person authorized by the
Company to pay the principal of or any premium or interest on any Notes on behalf of the Company. 
 “Permitted Acquisition
Indebtedness” means Indebtedness (including Disqualified Stock) of the Company or any of the Restricted Subsidiaries to the extent such Indebtedness was Indebtedness: 

(1) of an acquired Person prior to the date on which such Person became a Restricted Subsidiary as a result of having been
acquired and not incurred in contemplation of such acquisition; or 
 (2) of a Person that was merged, consolidated or
amalgamated with or into the Company or a Restricted Subsidiary that was not incurred in contemplation of such merger, consolidation or amalgamation, 

provided that on the date such Person became a Restricted Subsidiary or the date such Person was merged, consolidated and amalgamated with or into the
Company or a Restricted Subsidiary, as applicable, after giving pro forma effect thereto, 
 (a) the Restricted Subsidiary or
the Company, as applicable, would be permitted to incur at least $1.00 of additional Indebtedness pursuant to the first paragraph of Section 1111, or 

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

  
 26 

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

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

(3) direct or indirect ownership interests in drilling rigs and related equipment, including, without limitation,
transportation equipment. 
 “Permitted Investment” means an Investment by the Company or any Restricted Subsidiary in:

 (1) the Company (including by way of an Investment in the Notes) or a Restricted Subsidiary; 

(2) another Person whose primary business is the Oil and Gas Business if as a result of such Investment such other Person
becomes a Restricted Subsidiary or is merged or consolidated with or into, or transfers or conveys all or substantially all its assets to, the Company or a Restricted Subsidiary and, in each case, any Investment held by such Person; provided
that such Investment was not acquired by such Person in contemplation of such acquisition, merger, consolidation or transfer; 

(3) cash and Cash Equivalents; 

(4) receivables owing to the Company or any Restricted Subsidiary created or acquired in the ordinary course of business and
payable or dischargeable in accordance with customary trade terms; provided, however, that such trade terms may include such concessionary trade terms as the Company or any such Restricted Subsidiary deems reasonable under the
circumstances; 
 (5) payroll, commission, travel, relocation and similar advances to cover matters that are expected at the
time of such advances ultimately to be treated as expenses for accounting purposes and that are made in the ordinary course of business; 

(6) loans or advances to employees (other than executive officers) made in the ordinary course of business consistent with past
practices of the Company or such Restricted Subsidiary; 

  
 27 

 (7) Capital Stock, obligations or securities received in settlement of debts
(x) created in the ordinary course of business and owing to the Company or any Restricted Subsidiary or in satisfaction of judgments or (y) pursuant to any plan of reorganization or similar arrangement in a bankruptcy or insolvency
proceeding; 
 (8) any Person as a result of the receipt of non-cash consideration
from an Asset Disposition that was made pursuant to and in compliance with Section 1115; 
 (9) Investments in existence
on the Issue Date; 
 (10) Commodity Agreements, Currency Agreements, Interest Rate Agreements and related Hedging
Obligations, which transactions or obligations are Incurred in compliance with Section 1111; 
 (11) Guarantees issued
in accordance with Section 1111; 
 (12) Permitted Business Investments; 

(13) any Person where such Investment was acquired by the Company or any of its Restricted Subsidiaries (a) in exchange
for any other Investment or accounts receivable held by the Company or any such Restricted Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization or recapitalization of the issuer of such other Investment or accounts
receivable or (b) as a result of a foreclosure by the Company or any of its Restricted Subsidiaries with respect to any secured Investment or other transfer of title with respect to any secured Investment in default; 

(14) any Person to the extent such Investments consist of prepaid expenses, negotiable instruments held for collection and
lease, utility and workers’ compensation, performance and other similar deposits made in the ordinary course of business by the Company or any Restricted Subsidiary; 

(15) Guarantees of performance or other obligations (other than Indebtedness) arising in the ordinary course in the Oil and Gas
Business, including obligations under oil and natural gas exploration, development, joint operating, and related agreements and licenses, concessions or operating leases related to the Oil and Gas Business; 

(16) Investments in the Notes; and 

(17) Investments by the Company or any of its Restricted Subsidiaries, together with all other Investments pursuant to this
clause (17), in an aggregate amount outstanding at the time of such Investment not to exceed the greater of $90.0 million and 1.0% of the Company’s Adjusted Consolidated Net Tangible Assets (with the Fair Market Value of such Investment
being measured at the time such Investment is made and without giving effect to subsequent changes in value); provided, however, that if any Investment pursuant to this clause (17) is made in any Person that is not a Restricted Subsidiary at
the date of the making of such Investment and such Person becomes a Restricted Subsidiary after such date, such Investment shall thereafter be deemed to have been made pursuant to clause (1) above and shall cease to have been made pursuant to
this clause (17) for so long as such Person continues to be a Restricted Subsidiary. 
 “Permitted Liens” means, with
respect to any Person: 

  
 28 

 (1) Liens securing Indebtedness under a Credit Facility permitted to be Incurred
under the Indenture; 
 (2) pledges or deposits by such Person under workers’ compensation laws, unemployment insurance
laws, social security or old age pension laws or similar legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such Person is a party, or deposits (which may
be secured by a Lien) to secure public or statutory obligations of such Person including letters of credit and bank guarantees required or requested by the United States, any State thereof or any foreign government or any subdivision, department,
agency, organization or instrumentality of any of the foregoing in connection with any contract or statute (including lessee or operator obligations under statutes, governmental regulations, contracts or instruments related to the ownership,
exploration and production of oil, natural gas, other Hydrocarbons and minerals on State, Federal or foreign lands or waters), or deposits of cash or United States government bonds to secure indemnity performance, surety or appeal bonds or other
similar bonds to which such Person is a party, or deposits as security for contested taxes or import or customs duties or for the payment of rent, in each case Incurred in the ordinary course of business; 

(3) statutory and contractual Liens of landlords and Liens imposed by law, including carriers’, warehousemen’s,
mechanics’, materialmen’s and repairmen’s Liens, in each case for sums not yet due or being contested in good faith by appropriate proceedings if a reserve or other appropriate provisions, if any, as shall be required by GAAP shall
have been made in respect thereof; 
 (4) Liens for taxes, assessments or other governmental charges or claims not yet
subject to penalties for non-payment or which are being contested in good faith by appropriate proceedings; provided that appropriate reserves, if any, required pursuant to GAAP have been made in
respect thereof; 
 (5) Liens in favor of issuers of surety or performance bonds or bankers’ acceptances issued pursuant
to the request of and for the account of such Person in the ordinary course of its business; 
 (6) survey exceptions,
encumbrances, ground leases, easements or reservations of, or rights of others for, licenses, rights of way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning, building codes or other restrictions
(including, without limitation, minor defects or irregularities in title and similar encumbrances) as to the use of real properties or Liens incidental to the conduct of the business of such Person or to the ownership of its properties which do not
in the aggregate materially adversely affect the value of the assets of such Person and its Restricted Subsidiaries, taken as a whole, or materially impair their use in the operation of the business of such Person; 

(7) Liens securing Hedging Obligations; 

(8) leases, licenses, subleases and sublicenses of assets (including, without limitation, real property and intellectual
property rights) which do not materially interfere with the ordinary conduct of the business of the Company or any of its Restricted Subsidiaries; 

(9) prejudgment Liens and judgment Liens not giving rise to an Event of Default so long as such Lien is adequately bonded and
any appropriate legal proceedings which may have been duly initiated for the review of such judgment have not been finally terminated or the period within which such proceedings may be initiated has not expired; 

  
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 (10) Liens for the purpose of securing the payment of all or a part of the
purchase price of, or Capitalized Lease Obligations, purchase money obligations or other payments Incurred to finance the acquisition, lease, improvement or construction of or repairs or additions to, assets or property acquired or constructed in
the ordinary course of business; provided that: 
 (a) the aggregate principal amount of Indebtedness secured by such
Liens is otherwise permitted to be Incurred under the Indenture and does not exceed the cost of the assets or property so acquired or constructed; and 

(b) such Liens are created within 180 days of the later of the acquisition, lease, completion of improvements, construction,
repairs or additions or commencement of full operation of the assets or property subject to such Lien and do not encumber any other assets or property of the Company or any Restricted Subsidiary other than such assets or property and assets affixed
or appurtenant thereto; 
 (11) Liens arising solely by virtue of any statutory or common law provisions relating to
banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with a depositary institution; provided that: 

(a) such deposit account is not a dedicated cash collateral account and is not subject to restrictions against access by the
Company in excess of those set forth by regulations promulgated by the Federal Reserve Board; and 
 (b) such deposit
account is not intended by the Company or any Restricted Subsidiary to provide collateral to the depository institution; 

(12) Liens arising from Uniform Commercial Code financing statement filings regarding operating leases entered into by the
Company and its Restricted Subsidiaries in the ordinary course of business; 
 (13) Liens existing on the Issue Date, other
than Liens securing the Senior Secured Credit Agreement; 
 (14) Liens on property or shares of Capital Stock of a Person at
the time such Person becomes a Subsidiary; provided, however, that such Liens are not created or Incurred in connection with, or in contemplation of, such other Person becoming a Subsidiary; provided further, however,
that any such Lien may not extend to any other property owned by the Company or any Restricted Subsidiary (other than assets or property affixed or appurtenant thereto); 

(15) Liens on property at the time the Company or any of its Subsidiaries acquired the property, including any acquisition by
means of a merger or consolidation with or into the Company or any of its Subsidiaries; provided, however, that such Liens are not created or Incurred in connection with, or in contemplation of, such acquisition; provided
further, however, that such Liens may not extend to any other property owned by the Company or any Restricted Subsidiary (other than assets or property affixed or appurtenant thereto); 

  
 30 

 (16) Liens securing the Notes, Subsidiary Guarantees and other obligations under
the Indenture; 
 (17) Liens securing Refinancing Indebtedness Incurred to refinance Indebtedness that was previously so
secured, provided that any such Lien is limited to all or part of the same property or assets (plus improvements, accessions, proceeds or dividends or distributions in respect thereof) that secured (or, under the written arrangements under
which the original Lien arose, could secure) the Indebtedness being refinanced or is in respect of property or assets that is the security for a Permitted Lien hereunder; 

(18) any interest or title of a lessor under any Capitalized Lease Obligation or operating lease; 

(19) Liens in respect of Production Payments and Reserve Sales, which Liens shall be limited to the property that is the
subject of such Production Payments and Reserve Sales; 
 (20) Liens arising under
farm-out agreements, farm-in agreements, division orders, contracts for the sale, purchase, exchange, transportation, gathering or processing of Hydrocarbons,
unitizations and pooling designations, declarations, orders and agreements, development agreements, joint venture agreements, partnership agreements, operating agreements, royalties, working interests, net profits interests, joint interest billing
arrangements, participation agreements, production sales contracts, area of mutual interest agreements, gas balancing or deferred production agreements, injection, repressuring and recycling agreements, salt water or other disposal agreements,
seismic or geophysical permits or agreements, and other agreements which are customary in the Oil and Gas Business; provided, however, in all instances that such Liens are limited to the assets that are the subject of the relevant
agreement, program, order or contract; 
 (21) Liens on pipelines or pipeline facilities that arise by operation of law; 

(22) Liens securing Indebtedness in an aggregate principal amount outstanding at any one time, added together with all other
Indebtedness secured by Liens Incurred pursuant to this clause (22), not to exceed the greater of $90.0 million and 1.0% of the Company’s Adjusted Consolidated Net Tangible Assets, as determined on the date of Incurrence of such
Indebtedness after giving pro forma effect to such Incurrence and the application of the proceeds therefrom; 
 (23) Liens in
favor of the Company or any Subsidiary Guarantor; 
 (24) deposits made in the ordinary course of business to secure
liability to insurance carriers; 
 (25) Liens in favor of customs and revenue authorities arising as a matter of law to
secure payment of customs duties in connection with the importation of goods in the ordinary course of business; 
 (26)
Liens deemed to exist in connection with Investments in repurchase agreements permitted by Section 1112; provided that such Liens do not extend to any assets other than those that are the subject of such repurchase agreement; 

  
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 (27) Liens encumbering reasonable customary initial deposits and margin deposits
and similar Liens attaching to commodity trading accounts or other brokerage accounts incurred in the ordinary course of business and not for speculative purposes; 

(28) any (a) interest or title of a lessor or sublessor under any lease, liens reserved in oil, gas or other Hydrocarbons,
minerals, leases for bonus, royalty or rental payments and for compliance with the terms of such leases; (b) restriction or encumbrance that the interest or title of such lessor or sublessor may be subject to (including, without limitation,
ground leases or other prior leases of the demised premises, mortgages, mechanics’ liens, tax liens, and easements); or (c) subordination of the interest of the lessee or sublessee under such lease to any restrictions or encumbrance
referred to in the preceding clause (b); 
 (29) Liens upon specific items of inventory or other goods and proceeds of any
Person securing such Person’s obligations in respect of bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods; 

(30) Liens arising under the Indenture in favor of the Trustee for its own benefit and similar Liens in favor of other
trustees, agents and representatives arising under instruments governing Indebtedness permitted to be incurred under the Indenture, provided, however, that such Liens are solely for the benefit of the trustees, agents or
representatives in their capacities as such and not for the benefit of the holders of such Indebtedness; 
 (31) Liens
arising from the deposit of funds or securities in trust for the purpose of decreasing or defeasing Indebtedness so long as such deposit of funds or securities and such decreasing or defeasing of Indebtedness are permitted by Section 1112; and

 (32) Liens in favor of collecting or payer banks having a right of setoff, revocation, or charge back with respect to
money or instruments of the Company or any Subsidiary of the Company on deposit with or in possession of such bank. 
 In each case set
forth above, notwithstanding any stated limitation on the assets that may be subject to such Lien, a Permitted Lien on a specified asset or group or type of assets may include Liens on all improvements, additions and accessions thereto and all
products and proceeds thereof (including dividends, distributions and increases in respect thereof). 
 “Person” means any
individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, limited liability company, government or any agency or political subdivision thereof or any other entity. 

“Place of Payment,” when used with respect to the Notes, means the place or places where the principal of and any premium and
interest on the Notes are payable as specified in Section 1102. 
 “Predecessor Note” of any particular Note means
every previous Note evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the purposes of this definition, any Note authenticated and delivered under Section 406 in exchange for or in lieu of a
mutilated, destroyed, lost or stolen Note shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Note. 

  
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 “Preferred Stock,” as applied to the Capital Stock of any corporation or other
Person, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over shares
of Capital Stock of any other class of such Person. 
 “Production Payments and Reserve Sales” means the grant or transfer
by the Company or a Restricted Subsidiary to any Person of a royalty, overriding royalty, net profits interest, production payment (whether volumetric or dollar denominated), partnership or other interest in Oil and Gas Properties, reserves or the
right to receive all or a portion of the production or the proceeds from the sale of production attributable to such properties where the holder of such interest has recourse solely to such production or proceeds of production, subject to the
obligation of the grantor or transferor to operate and maintain, or cause the subject interests to be operated and maintained, in a reasonably prudent manner or other customary standard or subject to the obligation of the grantor or transferor to
indemnify for environmental, title or other matters customary in the Oil and Gas Business, including any such grants or transfers pursuant to incentive compensation programs on terms that are reasonably customary in the Oil and Gas Business for
geologists, geophysicists or other providers of technical services to the Company or a Restricted Subsidiary. 
 “Rating
Agency” means each of S&P and Moody’s, or if S&P or Moody’s or both shall not make a rating on the Notes publicly available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by
the Company (as certified by a Board Resolution) which shall be substituted for S&P or Moody’s, or both, as the case may be. 

“Rating Decline” means the occurrence of a decrease of one or more gradations (including gradations within rating categories
as well as between rating categories) in the rating of the Notes by either Rating Agency. 
 “Redemption Date,” when used
with respect to any Note to be redeemed, means the date fixed for such redemption by or pursuant to the Indenture. 
 “Redemption
Price,” when used with respect to any Note to be redeemed, means the price at which it is to be redeemed pursuant to the Indenture. 

“Refinancing Indebtedness” means Indebtedness that is Incurred to refund, refinance, replace, exchange, renew, repay, extend,
prepay, redeem or retire (including pursuant to any defeasance or discharge mechanism) (collectively, “refinance” and “refinances” and “refinanced” shall have correlative meanings) any Indebtedness (including
Indebtedness of the Company that refinances Indebtedness of any Restricted Subsidiary and Indebtedness of any Restricted Subsidiary that refinances Indebtedness of another Restricted Subsidiary, but excluding Indebtedness of a Subsidiary that is not
a Restricted Subsidiary that refinances Indebtedness of the Company or a Restricted Subsidiary), including Indebtedness that refinances Refinancing Indebtedness, provided, however, that: 

(1) (a) if the Stated Maturity of the Indebtedness being refinanced is the same as or earlier than the Stated Maturity of the
Notes, the Refinancing Indebtedness has a Stated Maturity no earlier than the Stated Maturity of the Indebtedness being refinanced or (b) if the Stated Maturity of the Indebtedness being refinanced is later than the Stated Maturity of the
Notes, the Refinancing Indebtedness has a Stated Maturity at least 91 days later than the Stated Maturity of the Notes; 

  
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 (2) the Refinancing Indebtedness has an Average Life at the time such Refinancing
Indebtedness is Incurred that is equal to or greater than the Average Life of the Indebtedness being refinanced; 
 (3) such
Refinancing Indebtedness is Incurred in an aggregate principal amount (or if issued with original issue discount, an aggregate issue price) that is equal to or less than the sum of the aggregate principal amount (or if issued with original issue
discount, the aggregate accreted value) then outstanding of the Indebtedness being refinanced (plus, without duplication, any additional Indebtedness Incurred to pay interest, premiums or defeasance costs required by the instruments governing such
existing Indebtedness and fees and expenses Incurred in connection therewith); and 
 (4) if the Indebtedness being
refinanced is subordinated in right of payment to the Notes or the Subsidiary Guarantee, such Refinancing Indebtedness is subordinated in right of payment to the Notes or the Subsidiary Guarantee on terms at least as favorable to the Holders as
those contained in the documentation governing the Indebtedness being refinanced. 
 “Regular Record Date” for the interest
payable on any Interest Payment Date on the Notes means the date specified for that purpose as contemplated by Section 401. 

“Reporting Failure” means the failure of the Company to file with the SEC and make available or otherwise deliver to the
Trustee and each Holder of Notes, within the time periods specified in Section 804 (after giving effect to any grace period specified under Rule 12b-25 under the Exchange Act), the periodic reports,
information, documents or other reports which the Company may be required to file with the SEC pursuant to such provision. 

“Responsible Officer,” when used with respect to the Trustee, means any officer within the Corporate Trust Administration 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 the above designated officers and also means, with respect to a particular corporate trust
matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject. 

“Restricted Investment” means any Investment other than a Permitted Investment. 

“Restricted Subsidiary” means any Subsidiary of the Company other than an Unrestricted Subsidiary. 

“S&P” means S&P Global Ratings or any successor to the rating agency business thereof. 

“Sale/Leaseback Transaction” means an arrangement relating to property now owned or hereafter acquired whereby the Company or
a Restricted Subsidiary transfers such property to a Person and the Company or a Restricted Subsidiary leases it from such Person. 

“SEC” means the United States Securities and Exchange Commission. 

“Securities” has the meaning stated in the first recital of the Indenture and more particularly means any Securities
authenticated and delivered under the Base Indenture. 
 “Securities Act” means the Securities Act of 1933 and any statute
successor thereto, in each case as amended from time to time. 

  
 34 

 “Security Register” and “Security Registrar” have the
respective meanings specified in Section 405. 
 “Senior Secured Credit Agreement” means the Second Amended and
Restated Credit Agreement dated as of May 9, 2014 among the Company, as Borrower, JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders parties thereto from time to time, including any guarantees, collateral documents, instruments
and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings or refinancings thereof and any indentures or credit facilities or commercial paper facilities with banks
or other institutional lenders or investors that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that
increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 1111). 

“Significant Subsidiary” means any Restricted Subsidiary that would be a “Significant Subsidiary” of the Company
within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC, as in effect on the Issue Date. 

“Special Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to
Section 407. 
 “Stated Maturity” means, with respect to any security, the date specified in such security as the
fixed date on which the payment of principal of such security is due and payable, including pursuant to any mandatory redemption provision, but shall not include any contingent obligations to repay, redeem or repurchase any such principal prior to
the date originally scheduled for the payment thereof. 
 “Subordinated Obligation” means any Indebtedness of the Company
(whether outstanding on the Issue Date or thereafter Incurred) which is expressly subordinate in right of payment to the Notes pursuant to a written agreement. 

“Subsidiary” of any Person means (a) any corporation, association or other business entity (other than a partnership,
joint venture, limited liability company or similar entity) of which more than 50% of the total ordinary voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors,
managers or trustees thereof (or Persons performing similar functions) or (b) any partnership, joint venture, limited liability company or similar entity of which more than 50% of the capital accounts, distribution rights, total equity and
voting interests or general or limited partnership interests, as applicable, that is, in the case of clauses (a) and (b), at the time owned or controlled, directly or indirectly, by (1) such Person, (2) such Person and one or more
Subsidiaries of such Person or (3) one or more Subsidiaries of such Person. Unless otherwise specified herein or the context indicates otherwise, each reference to a Subsidiary (other than in this definition) will refer to a Subsidiary of the
Company. 
 “Subsidiary Guarantee” means, individually, any Guarantee of payment of the Notes by a Subsidiary Guarantor
pursuant to the terms of the Indenture and any supplemental indenture thereto, and, collectively, all such Guarantees. 

“Subsidiary Guarantor” means any Subsidiary of the Company that is a guarantor of the Notes, including each of the eight
Subsidiaries party to this Supplemental Indenture and any Person that is required after the Issue Date to guarantee the Notes pursuant to Section 1117, in each case until a successor replaces such Person pursuant to the applicable provisions of
the Indenture and, thereafter, means such successor. 

  
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 “Supplemental Indenture” has the meaning set forth in the first paragraph of
this instrument. 
 “Treasury Rate” means, in respect of any Redemption Date, the yield to maturity at the time of
computation of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) which has become publicly available at least two Business Days prior to the
Redemption Date (or, if such Statistical Release is no longer published, any publicly available source or similar market data)) most nearly equal to the period from the Redemption Date to January 15, 2020; provided, however, that
if the period from the Redemption Date to January 15, 2020 is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation
(calculated to the nearest one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the Redemption Date to
January 15, 2020 is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used. The Company will (a) calculate the Treasury Rate no later than
the second (and no earlier than the fourth) Business Day preceding the applicable Redemption Date and (b) prior to such Redemption Date file with the Trustee an Officers’ Certificate setting forth the Applicable Premium and the Treasury
Rate and showing the calculation of each in reasonable detail. 
 “Trust Indenture Act” means the Trust Indenture Act of
1939 as in force at the date as of which this instrument was executed; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent required by
any such amendment, the Trust Indenture Act of 1939 as so amended. 
 “Trustee” means the Person named as the
“Trustee” in the first paragraph of this instrument until a successor Trustee shall have become such pursuant to the applicable provisions of the 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 Notes shall mean the Trustee with respect to the Notes. 

“2009 Issue Date” means September 18, 2009, the initial date of issuance of the Company’s 8.625% Senior Notes due
2017. 
 “Unrestricted Subsidiary” means: 

(1) any Subsidiary of the Company that at the time of determination shall be designated an Unrestricted Subsidiary by the Board
of Directors of the Company in the manner provided below; and 
 (2) any Subsidiary of an Unrestricted Subsidiary. 

The Board of Directors of the Company may designate any Subsidiary of the Company (including any newly acquired or newly formed Subsidiary or
a Person becoming a Subsidiary through merger or consolidation or Investment therein) to be an Unrestricted Subsidiary only if: 

(1) such Subsidiary or any of its Subsidiaries does not own any Capital Stock or Indebtedness of or have any Investment in, or
own or hold any Lien on any property of, any other Subsidiary of the Company which is not a Subsidiary of the Subsidiary to be so designated or otherwise an Unrestricted Subsidiary; 

  
 36 

 (2) all the Indebtedness of such Subsidiary and its Subsidiaries shall, at the
date of designation, and will at all times thereafter, consist of Non-Recourse Debt; 

(3) on the date of such designation, such designation and the Investment of the Company or a Restricted Subsidiary in such
Subsidiary complies with Section 1112; 
 (4) such Subsidiary is a Person with respect to which neither the Company nor
any of its Restricted Subsidiaries has any direct or indirect obligation to subscribe for additional Capital Stock of such Person; 

(5) such Subsidiary, either alone or in the aggregate with all other Unrestricted Subsidiaries, does not operate, directly or
indirectly, all or substantially all of the business of the Company and its Subsidiaries; and 
 (6) on the date such
Subsidiary is designated an Unrestricted Subsidiary, such Subsidiary is not a party to any agreement, contract, arrangement or understanding with the Company or any Restricted Subsidiary with terms substantially less favorable to the Company or such
Restricted Subsidiary than those that might have been obtained from Persons who are not Affiliates of the Company, except as permitted by Section 1116. 

Any such designation by the Board of Directors of the Company shall be evidenced to the Trustee by filing with the Trustee a Board Resolution
of the Company giving effect to such designation and an Officers’ Certificate certifying that such designation complies with the foregoing conditions. If, at any time, any Unrestricted Subsidiary would fail to meet the foregoing requirements as
an Unrestricted Subsidiary, it shall thereafter cease to be an Unrestricted Subsidiary for purposes of the Indenture and any Indebtedness of such Subsidiary shall be deemed to be Incurred as of such date. 

The Board of Directors of the Company may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that
immediately after giving effect to such designation, no Default or Event of Default shall have occurred and be continuing or would occur as a consequence thereof and the Company could Incur at least $1.00 of additional Indebtedness under the first
paragraph of Section 1111 on a pro forma basis taking into account such designation. 
 “U.S. Government Obligations”
means securities that are (a) direct obligations of the United States of America for the timely payment of which its full faith and credit is pledged or (b) obligations of a Person controlled or supervised by and acting as an agency or
instrumentality of the United States of America the timely payment of which is unconditionally guaranteed as a full faith and credit obligation of the United States of America, which, in either case, are not callable or redeemable at the option of
the issuer thereof, and shall also include a depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such U.S. Government Obligations or a specific payment of principal of or
interest on any such U.S. Government Obligations held by such custodian for the account of the holder of such depositary receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount
payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligations or the specific payment of principal of or interest on the U.S. Government Obligations evidenced by such
depositary receipt. 

  
 37 

 “Vice President,” when used with respect to the Company or the Trustee, means
any vice president, whether or not designated by a number or a word or words added before or after the title “vice president.” 

“Volumetric Production Payments” means production payment obligations recorded as deferred revenue in accordance with GAAP,
together with all undertakings and obligations in connection therewith. 
 “Voting Stock” of an entity means all classes of
Capital Stock of such entity then outstanding and normally entitled to vote in the election of members of such entity’s Board of Directors. 

“Wholly-Owned Subsidiary” means a Restricted Subsidiary, all of the Capital Stock of which (other than directors’
qualifying shares) is owned by the Company or another Wholly-Owned Subsidiary. 
 Section 202. Compliance Certificates and Opinions. 

Upon any application or request by the Company to the Trustee to take or refrain from taking any action under any provision of the Indenture,
the Company shall furnish to the Trustee such certificates and opinions as may be required under the Trust Indenture Act. Each such certificate or opinion shall be given in the form of an Officers’ Certificate, if to be given by an Officer of
the Company, or an Opinion of Counsel, if to be given by counsel, and shall comply with the requirements of the Trust Indenture Act and any other requirements set forth in the Indenture. 

Every certificate or opinion with respect to compliance with a condition or covenant provided for in the Indenture shall include, 

(1) a statement that each individual signing such certificate or opinion has read such covenant or condition and the
definitions herein relating thereto; 
 (2) a brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such certificate or opinion are based; 
 (3) a statement that, in the
opinion of each such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(4) a statement as to whether or not, in the opinion of each such individual, such condition or covenant has been complied
with. 
 Section 203. Form of Documents Delivered to Trustee. 

In any case where several matters are required to be certified by, or covered by an opinion of, any specified person, it is not necessary that
all such matters be certified by, or covered by the opinion of, only one such person, or that they be so certified or covered by only one document, but one such person may certify or give an opinion with respect to some matters and one or more other
such persons as to other matters, and any such person may certify or give an opinion as to such matters in one or several documents. 

  
 38 

 Any certificate or opinion of an Officer of the Company may be based, insofar as it relates to
legal matters, upon a certificate or opinion of, or representations by, counsel, unless such Officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to the matters upon which
his certificate or opinion is based are erroneous. Any such certificate or opinion of counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an Officer or Officers of the Company
stating that the information with respect to such factual matters is in the possession of the Company, unless such counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to
such matters are erroneous. 
 Where any Person is required to make, give or execute two or more applications, requests, consents,
certificates, statements, opinions or other instruments under the Indenture, they may, but need not, be consolidated and form one instrument. 

Section 204. Acts of Holders; Record Dates. 

Any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by the Indenture to be given,
made or taken by Holders of the Notes may be embodied in and evidenced by one or more instruments of substantially similar tenor signed (either physically or by means of a facsimile or an electronic transmission, provided that such electronic
transmission is transmitted through the facilities of a Depositary) by such Holders in person or by agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or
instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company or the Subsidiary Guarantors. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to
as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of the Indenture and conclusive in favor of the
Trustee and the Company and, if applicable, the Subsidiary Guarantors, if made in the manner provided in this Section. 
 The fact and date
of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying
that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute
sufficient proof of his authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner which the Trustee deems sufficient. 

The ownership, principal amount and serial numbers of Notes held by any Person, and the date of commencement of such Person’s holding of
same, shall be proved by the Security Register. 
 Any request, demand, authorization, direction, notice, consent, waiver or other Act of
the Holder of any Note shall bind every future Holder of Notes and the Holder of every Note issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by
the Trustee or the Company or, if applicable, the Subsidiary Guarantors in reliance thereon, whether or not notation of such action is made upon such Note. 

The Company may set any day as a record date for the purpose of determining the Holders of Outstanding Notes entitled to give, make or take
any request, demand, authorization, direction, notice, consent, waiver or other Act provided or permitted by the Indenture to be given, made or taken by Holders of Notes, provided that the Company may not set a record date for, and the
provisions of this paragraph shall not apply with respect to, the giving or making of any notice, declaration, request or 

  
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direction referred to in the next paragraph. If any record date is set pursuant to this paragraph, the Holders of Outstanding Notes on such record date, and no other Holders, shall be entitled to
take the relevant action, whether or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite
principal amount of Outstanding Notes on such record date. Nothing in this paragraph shall be construed to prevent the Company from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph
(whereupon the record date previously set shall automatically and with no action by any Person be cancelled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite
principal amount of Outstanding Notes on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the Company, at its own expense, shall cause notice of such record date, the proposed action by Holders and the
applicable Expiration Date to be given to the Trustee in writing and to each Holder of Notes in the manner set forth in Section 206. 

The Trustee may set any day as a record date for the purpose of determining the Holders of Notes entitled to join in the giving or making of
(i) any Notice of Default, (ii) any declaration of acceleration referred to in Section 602, (iii) any request to institute proceedings referred to in Section 607(2) or (iv) any direction referred to in Section 612. If
any record date is set pursuant to this paragraph, the Holders of Outstanding Notes on such record date, and no other Holders, shall be entitled to join in such notice, declaration, request or direction, whether or not such Holders remain Holders
after such record date; provided that no such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Notes on such record date. Nothing in
this paragraph shall be construed to prevent the Trustee from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with
no action by any Person be cancelled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Notes on the date such action is taken.
Promptly after any record date is set pursuant to this paragraph, the Trustee, at the Company’s expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Company in
writing and to each Holder of Notes in the manner set forth in Section 206. 
 With respect to any record date set pursuant to this
Section, the party hereto which sets such record date may designate any day as the “Expiration Date” and from time to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective
unless notice of the proposed new Expiration Date is given to each other party hereto in writing, and to each Holder of Notes in the manner set forth in Section 206, on or prior to the existing Expiration Date. If an Expiration Date is not
designated with respect to any record date set pursuant to this Section, the party hereto which set such record date shall be deemed to have initially designated the 180th day after such record date as the Expiration Date with respect thereto,
subject to its right to change the Expiration Date as provided in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be later than the 180th day after the applicable record date. 

Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder with regard to the Notes may do so with regard to all
or any part of the principal amount of such Note or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of such principal amount. 

  
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 Section 205. Notices, Etc., to Trustee and Company. 

Any request, demand, authorization, direction, notice, consent, waiver or other Act of Holders or other document provided or permitted by the
Indenture to be made upon, given or furnished to, or filed with, 
 (1) the Trustee by any Holder or by the Company or by any
Subsidiary Guarantor shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing in the English language to or with the Trustee at its Corporate Trust Office, Attention: Corporate Trust Administration, or 

(2) the Company or the Subsidiary Guarantors by the Trustee or by any Holder shall be sufficient for every purpose hereunder
(unless otherwise herein expressly provided) if in writing in the English language and mailed, first-class postage prepaid, addressed to the Company at the address of its principal office specified in the first paragraph of this instrument or at any
other address previously furnished in writing to the Trustee by the Company or the Subsidiary Guarantors. 
 Section 206. Notice to Holders;
Waiver. 
 Where the Indenture provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise
herein expressly provided) if in writing in the English language and mailed, first-class postage prepaid, to each Holder affected by such event, at his address as it appears in the Security Register, not later than the latest date (if any), and not
earlier than the earliest date (if any), prescribed for the giving of such notice; provided, however, that any notice given to the Holder of a Global Note shall be given in the manner prescribed by the Depositary. In any case where notice to Holders
is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders. If notice is given to Holders in the manner
provided in this Section 206, it is duly given, whether or not the addressee receives it. Where the Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before
or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such
waiver. 
 In case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give
such notice by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 

Section 207. Conflict with Trust Indenture Act. 

If any provision hereof limits, qualifies or conflicts with a provision of the Trust Indenture Act which is required under the Trust Indenture
Act to be a part of and govern the Indenture, the latter provision shall control. If any provision of the Indenture modifies or excludes any provision of the Trust Indenture Act which may be so modified or excluded, the latter provision shall be
deemed to apply to the Indenture as so modified or to be excluded, as the case may be. 
 Section 208. Effect of Headings and Table of Contents.

 The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof.

  
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 Section 209. Successors and Assigns. 

All covenants and agreements in the Indenture by the Company, the Subsidiary Guarantors or the Trustee shall bind their respective successors
and assigns, whether so expressed or not. 
 Section 210. Separability Clause. 

In case any provision in this Supplemental Indenture or the Notes shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 211. Benefits of Indenture. 

Nothing in the Indenture or the Notes, express or implied, shall give to any Person, other than the parties hereto and their successors
hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under the Indenture. 
 Section 212. Governing Law. 

The Indenture, the Notes and the Subsidiary Guarantees shall be governed by and construed in accordance with the laws of the State of New
York. 
 Section 213. Legal Holidays. 

In any case where any Interest Payment Date, Redemption Date, purchase date or Stated Maturity of any Note shall not be a Business Day at any
Place of Payment, then (notwithstanding any other provision of the Indenture or of the Notes (other than a provision of any Note which specifically states that such provision shall apply in lieu of this Section)) payment of interest or principal
(and premium, if any) need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date, Redemption Date or
purchase date, or at the Stated Maturity. 
 Section 214. No Personal Liability of Directors, Officers, Employees and Stockholders. 

No director, officer, employee, incorporator, stockholder, member, partner or trustee of the Company or any Subsidiary Guarantor, as such,
shall have any liability for any obligations of the Company or any Subsidiary Guarantor under the Notes, the Indenture or the Subsidiary Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each
Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

Section 215. No Adverse Interpretation of Other Agreements. 

The Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or its Subsidiaries or of any other
Person. Any such indenture, loan or debt agreement may not be used to interpret the Indenture. 

  
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 Section 216. U.S.A. Patriot Act. 

The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial
institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the
Trustee. The parties to this Supplemental Indenture agree that they will provide the Trustee with such information within their possession or control as it may reasonably request in order for the Trustee to satisfy the requirements of the U.S.A.
Patriot Act. 
 Section 217. Counterpart Originals. 

The parties may sign any number of copies of this Supplemental Indenture, and each party hereto may sign any number of separate copies of this
Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute
effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be
deemed to be their original signatures for all purposes. 
 ARTICLE THREE 

NOTE FORMS 
 Section 301. Forms
Generally. 
 The Notes and the Trustee’s certificate of authentication shall be in substantially the respective forms set forth in
Annex A hereto, and the notations of Subsidiary Guarantee shall be in substantially the form set forth in Annex B hereto. The Notes may have such appropriate insertions, omissions, substitutions and other variations as are required or permitted by
the Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or Depositary therefor or as may, consistently
herewith, be determined by the officers executing such Notes as evidenced by their execution thereof. 
 The definitive Notes shall be
printed, lithographed or engraved on steel engraved borders or may be produced in any other manner, all as determined by the officers executing such Notes, as evidenced by their execution of such Notes. 

The Initial Notes shall be issued initially in the form of a Global Note, which shall be deposited with the Trustee, as custodian for the
Depositary. The aggregate principal amount of any Global Note may from time to time be increased or decreased by adjustments made on the schedule attached to such Global Note or on other records of the Trustee, acting as custodian for the
Depositary. 
 Section 302. Form of Legend for Global Notes. 

Every Global Note authenticated and delivered under the Indenture shall bear a legend in substantially the following form: 

THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF.
THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN 

  
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PART FOR A NOTE REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A
NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 ARTICLE FOUR

 THE NOTES 
 Section 401.
Title and Terms. 
 The Notes shall be entitled the “4.375% Senior Notes due 2025.” The Trustee shall authenticate the
Notes to be authenticated and delivered under this Supplemental Indenture on the Issue Date in an aggregate amount equal to $600,000,000, upon delivery of a Company Order. The Trustee shall authenticate Additional Notes thereafter from time to time
in unlimited amount for original issue upon receipt of a Company Order (subject to compliance with Section 1111); provided that if any Additional Notes are not fungible with the Initial Notes for federal income tax purposes, such Additional
Notes will be issued with a separate CUSIP number. Any such Company Order shall also specify the date on which the original issue of Notes is to be authenticated and, in relation to any Additional Notes, it shall also specify the principal amount
thereof to be issued and shall certify that such issuance is not prohibited by Section 1111. 
 The Notes will mature on
January 15, 2025. Interest on the Notes will accrue at the rate of 4.375% per annum and will be payable semiannually in cash on each January 15 and July 15, commencing on July 15, 2017 in the case of the Initial Notes, to the
Persons who are registered Holders of Notes at the close of business on the January 1 and July 1 immediately preceding the applicable Interest Payment Date. Interest on the Notes will accrue from the most recent date to which interest has
been paid or, if no interest has been paid, from and including the date of issuance to but excluding the actual Interest Payment Date. 

The Notes shall be redeemable as provided in Article Twelve and subject to Defeasance and Covenant Defeasance as provided in Article Fourteen.
The Notes shall have such other terms as are indicated in Annex A. 
 Section 402. Denominations. 

The Notes shall be issuable only in fully registered form without coupons and only in denominations of $2,000 and any integral multiple of
$1,000 in excess thereof. 

  
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 Section 403. Execution, Authentication, Delivery and Dating. 

The Notes shall be executed on behalf of the Company by its Chairman of the Board, its Vice Chairman of the Board, its President or one of its
Vice Presidents. If its corporate seal is reproduced thereon, it shall be attested by the Secretary or an Assistant Secretary of the Company. The signature of any of these officers on the Notes may be manual or facsimile. 

If the Company elects to reproduce its corporate seal on the Notes, then such seal may be in the form of a facsimile thereof and may be
impressed, affixed, imprinted or otherwise reproduced on the Notes. 
 Notes bearing the manual or facsimile signatures of individuals who
were at any time the proper officers of the Company shall bind the Company, notwithstanding the fact that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such
offices at the date of such Notes. 
 At any time and from time to time after the execution and delivery of this Supplemental Indenture and
as provided in Section 401, the Company may deliver Notes executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Notes, and the Trustee in accordance with the Company
Order shall authenticate and deliver such Notes. 
 Each Note shall be dated the date of its authentication. 

No Note shall be entitled to any benefit under the Indenture or be valid or obligatory for any purpose unless there appears on such Note a
certificate of authentication substantially in the form provided for in Annex A, signed manually in the name of the Trustee by an authorized signatory, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such
Note has been duly authenticated and delivered hereunder. Notwithstanding the foregoing, if any Note shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Note to the
Trustee for cancellation as provided in Section 409, for all purposes of the Indenture such Note shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of the Indenture. 

Section 404. Temporary Securities. 

Pending the preparation of definitive Notes, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver,
temporary Notes which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Notes in lieu of which they are issued and with such appropriate
insertions, omissions, substitutions and other variations as the Officers executing such Notes may determine, as evidenced by their execution of such Notes. 

If temporary Notes are issued, the Company will cause definitive Notes to be prepared without unreasonable delay. After the preparation of
definitive Notes, the temporary Notes shall be exchangeable for definitive Notes upon surrender of the temporary Notes at the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for
cancellation of any one or more temporary Notes, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor one or more definitive Notes of any authorized denominations and of like tenor and aggregate principal
amount. Until so exchanged, the temporary Notes shall in all respects be entitled to the same benefits under the Indenture as definitive Notes. 

  
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 Section 405. Registration, Registration of Transfer and Exchange. 

The Company shall cause to be kept at the Corporate Trust Office of the Trustee a register (the register maintained in such office and in any
other office or agency of the Company being herein sometimes collectively referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Notes
and of transfers of Notes. The Trustee is hereby appointed “Security Registrar” for the purpose of registering Notes and transfers of Notes as herein provided. 

Upon surrender for registration of transfer of any Note at the office of the Security Registrar, Company shall execute and the Trustee shall
authenticate and deliver, in the name of the designated transferee or transferees, one or more new Notes, of any authorized denominations and of like tenor and aggregate principal amount. 

All Notes issued upon any registration of transfer or exchange of Notes shall be the valid obligations of the Company evidencing the same
debt, and entitled to the same benefits under the Indenture, as the Notes surrendered upon such registration of transfer or exchange. 

Every Note presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the Trustee) be duly
endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed, by the Holder thereof or its attorney duly authorized in writing. 

No service charge shall be made for any registration of transfer or exchange of Notes, but the Company may require payment of a sum sufficient
to cover any transfer tax or other governmental taxes and fees that may be imposed by law or the Indenture in connection with any registration of transfer or exchange of Notes, other than exchanges pursuant to Section 404, 1006, 1110, 1115 or
1208 not involving any transfer. 
 If the Notes are to be redeemed in part, the Company shall not be required (A) to register the
transfer of or exchange any Notes during a period of 15 days before a selection of Notes for redemption under Section 1204, or (B) to register the transfer of or exchange any Note so selected for redemption in whole or in part, except the
unredeemed portion of any Note being redeemed in part. 
 The provisions of clauses (1), (2), (3) and (4) below shall apply only to
Global Notes:     
 (1) Each Global Note authenticated under the Indenture shall be registered in the
name of the Depositary designated for such Global Note or a nominee thereof and delivered to such Depositary or a nominee thereof or custodian therefor, and each such Global Note shall constitute a single Note for all purposes of the Indenture. 

(2) Notwithstanding any other provision in the Indenture, no Global Note may be exchanged in whole or in part for Notes
registered, and no transfer of a Global Note in whole or in part may be registered, in the name of any Person other than the Depositary for such Global Note or a nominee thereof, unless (A) such Depositary (i) has notified the Company that
it is no longer willing or able to discharge its responsibilities properly as Depositary for such Global Note or (ii) has ceased to be a clearing agency registered under the Exchange Act, and in either case the Company has not appointed a
qualified successor within 90 days, (B) an Event of Default has 

  
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occurred and is continuing and the Depositary has notified the Company and the Trustee of its desire to exchange such Global Note for Notes in certificated form or (C) subject to the
Depositary’s rules, the Company, at its option, has elected to terminate the book-entry system through the Depositary. 

(3) Subject to clause (2) above, any exchange of a Global Note for other Notes may be made in whole or in part, and all
Notes issued in exchange for a Global Note or any portion thereof shall be registered in such names as the Depositary for such Global Note shall direct. 

(4) Every Note authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a Global Note or
any portion thereof, whether pursuant to this Section, Section 404, 406, 1006, 1110, 1115 or 1207 or otherwise, shall be authenticated and delivered in the form of, and shall be, a Global Note, unless such Note is registered in the name of a
Person other than the Depositary for such Global Note or a nominee thereof. 
 Section 406. Mutilated, Destroyed, Lost and Stolen Notes. 

If any mutilated Note is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver in exchange
therefor a new Note of like tenor and principal amount and bearing a number not contemporaneously outstanding. 
 If there shall be
delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Note and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them
harmless, then, in the absence of notice to the Company or the Trustee that such Note has been acquired by a protected purchaser, the Company shall execute and the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen
Note, a new Note of like tenor and principal amount and bearing a number not contemporaneously outstanding. 
 In case any such mutilated,
destroyed, lost or stolen Note has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Note, pay such Note. 

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

Every new Note issued pursuant to this Section in lieu of any destroyed, lost or stolen Note shall constitute an original additional
contractual obligation of the Company whether or not the destroyed, lost or stolen Note shall be at any time enforceable by anyone, and shall be entitled to all the benefits of the Indenture equally and proportionately with any and all other Notes
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 Notes. 
 Section 407. Payment of Interest; Interest
Rights Preserved. 
 Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date
shall be paid to the Person in whose name that Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest. 

  
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 Any interest on any Note which is payable, but is not punctually paid or duly provided for, on
any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the
Company, at its election in each case, as provided in clause (1) or (2) below: 
 (1) The Company may elect to make
payment of any Defaulted Interest to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in
the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Note and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an
amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to
be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and
not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the
name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be given to each Holder of Notes in the manner set forth in Section 206, not less than 10 days
prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so given, such Defaulted Interest shall be paid to the Persons in whose names the Notes (or their
respective Predecessor Notes) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following clause (2). 

(2) The Company may make payment of any Defaulted Interest on the Notes in any other lawful manner not inconsistent with the
requirements of any securities exchange on which such Notes may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of
payment shall be deemed practicable by the Trustee. 
 Subject to the foregoing provisions of this Section, each Note delivered under the
Indenture upon registration of transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Note. 

Section 408. Persons Deemed Owners. 

Prior to due presentment of a Note for registration of transfer, the Company, the Subsidiary Guarantors, the Trustee and any agent of the
Company or the Trustee may treat the Person in whose name such Note is registered as the owner of such Note for the purpose of receiving payment of principal of and any premium and (subject to Section 407) any interest on such Note and for all
other purposes whatsoever, whether or not such Note be overdue, and none of the Company, the Subsidiary Guarantors, the Trustee nor any of their respective agents shall be affected by notice to the contrary. 

None of the Company, the Subsidiary Guarantors, the Trustee, nor any of their respective agents will have any responsibility or liability for
any aspect of the records relating to, or payments made on account of, beneficial ownership interests of a Note or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 

  
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 Section 409. Cancellation. 

All Notes surrendered for payment, redemption, purchase, registration of transfer or exchange shall, if surrendered to any Person other than
the Trustee, be delivered to the Trustee and shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder which the Company may have acquired in any
manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Notes previously authenticated hereunder which the Company has not issued and sold, and all Notes so delivered shall be
promptly cancelled by the Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes cancelled as provided in this Section, except as expressly permitted by the Indenture. All cancelled Notes held by the Trustee shall be
disposed of in accordance with the Trustee’s standard provisions or as directed by a Company Order. 
 Section 410. Computation of
Interest. 
 Interest on the Notes shall be computed on the basis of a 360-day year of twelve 30-day months. 
 ARTICLE FIVE 

SATISFACTION AND DISCHARGE 

Section 501. Satisfaction and Discharge of Indenture. 

The Indenture shall upon Company Request cease to be of further effect as to all Notes issued hereunder, and the Trustee, at the expense of
the Company, shall execute proper instruments acknowledging satisfaction and discharge of the Indenture, when 
 (1) either

 (A) all Notes theretofore authenticated and delivered (other than (i) Notes which have been destroyed, lost or
stolen and which have been replaced or paid as provided in Section 406 and (ii) Notes for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or
discharged from such trust, as provided in Section 1103), have been delivered to the Trustee for cancellation; or 

(B) all such Notes not theretofore delivered to the Trustee for cancellation 

(i) have become due and payable, or 

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

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

  
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 and the Company or any Subsidiary Guarantor, in the case of (i), (ii) or (iii) of subclause (B), has
irrevocably deposited or caused to be irrevocably deposited with the Trustee as trust funds in trust solely for such purpose cash in U.S. dollars, U.S. Government Obligations, or a combination thereof in such amounts as will be sufficient, in the
opinion of a nationally recognized investment bank or firm of independent public accountants if such deposit includes any U.S. Government Obligations, without consideration of any reinvestment of interest, to pay and discharge the entire
indebtedness on such Notes not theretofore delivered to the Trustee for cancellation, for principal and any premium and accrued interest to the date of such deposit (in the case of Notes which have become due and payable) or to the Stated Maturity
or Redemption Date, as the case may be; 
 (2) the Company has paid or caused to be paid all other sums payable hereunder by
the Company in respect of the Notes; and 
 (3) the Company has delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of the Indenture in respect of the Notes have been complied with. 

Notwithstanding the satisfaction and discharge of the Indenture in respect of the Notes, the obligations of the Company to the Holders under
Sections 405 and 406, the obligations of the Company to the Trustee under Section 707, the obligations of the Trustee to any Authenticating Agent under Section 714 and, if cash or U.S. Government Obligations shall have been deposited with
the Trustee pursuant to subclause (B) of clause (1) of this Section, the obligations of the Trustee under Section 502 and the last paragraph of Section 1103 shall survive. 

Section 502. Application of Trust Money. 

Subject to the provisions of the last paragraph of Section 1103, all cash and U.S. Government Obligations (including the proceeds
thereof) deposited with the Trustee pursuant to Section 501 shall be held in trust and applied by it, in accordance with the provisions of the Notes and the Indenture, to the payment, either directly or through any Paying Agent (including the
Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such cash and U.S. Government Obligations (including the proceeds thereof) have
been deposited with the Trustee. 
 ARTICLE SIX 

REMEDIES 
 Section 601. Events of
Default. 
 An “Event of Default,” wherever used herein, means any one of the following events in relation to the Notes
(whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or
governmental body): 
 (1) default in the payment of any interest upon any Note when it becomes due and payable, and
continuance of such default for a period of 30 days; or 
 (2) default in the payment of the principal of or any premium on
any Note when due at its Stated Maturity, upon optional redemption, upon required repurchase, upon declaration of acceleration or otherwise; or 

(3) failure by the Company to comply with its obligations under Article Nine; or 

  
 50 

 (4) failure by the Company to comply for 30 days (or 180 days in the case of a
Reporting Failure) after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Notes a written notice specifying
such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder, with any of its obligations under Sections 1110 through 1117 of Article Eleven or Section 804 (in each case, other
than a failure to purchase Notes which will constitute an Event of Default under clause (2) above and other than a failure to comply with Article Nine which is covered by clause (3) above); or 

(5) failure by the Company to comply with any agreement in the Indenture (other than an agreement, a default in or failure to
comply with is elsewhere in this Section specifically dealt with) and continuance of such default or breach for a period of 60 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the
Trustee by the Holders of at least 25% in principal amount of the Outstanding Notes a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 

(6) default under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or
evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries (or the payment of which is Guaranteed by the Company or any of its Restricted Subsidiaries), other than Indebtedness owed to the Company or a
Restricted Subsidiary, whether such Indebtedness or Guarantee now exists, or is created after the date of the Indenture, which default: 

(a) is caused by a failure to pay principal of, or interest or premium, if any, on such Indebtedness prior to the expiration
of the grace period provided in such Indebtedness (and any extensions of any grace period) (“payment default”); or 

(b) results in the acceleration of such Indebtedness prior to its Stated Maturity; 

and, in each case, the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under which there has been
a payment default or the maturity of which has been so accelerated, aggregates $125.0 million or more; or 
 (7) the
entry by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of the Company or a Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the last audited consolidated
financial statements for the Company and its Restricted Subsidiaries), would constitute a Significant Subsidiary in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law
or (B) a decree or order adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Company or a Significant Subsidiary or
group of Restricted Subsidiaries that, taken together (as of the last audited consolidated financial statements for the Company and its Restricted Subsidiaries), would constitute a Significant Subsidiary, under any applicable Federal or State law,
or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or a Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the last audited

  
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consolidated financial statements for the Company and its Restricted Subsidiaries), would constitute a Significant Subsidiary, or of any substantial part of its or their property, or ordering the
winding up or liquidation of its or their affairs, and the continuance of any such decree or order for relief or any such other decree or order unstayed and in effect for a period of 60 consecutive days; or 

(8) (i) the commencement by the Company or a Significant Subsidiary or group of Restricted Subsidiaries that, taken together
(as of the last audited consolidated financial statements for the Company and its Restricted Subsidiaries), would constitute a Significant Subsidiary of a voluntary case or proceeding under any applicable Federal or State bankruptcy, insolvency,
reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or (ii) the consent by it or them to the entry of a decree or order for relief in respect of the Company or a Significant
Subsidiary or group of Restricted Subsidiaries that, taken together (as of the last audited consolidated financial statements for the Company and its Restricted Subsidiaries), would constitute a Significant Subsidiary in an involuntary case or
proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against it or them, or (iii) the filing by it or them of a
petition or answer or consent seeking reorganization or relief under any applicable Federal or State law, or (iv) the consent by it or them to the filing of such petition or to the appointment of or taking possession by a custodian, receiver,
liquidator, assignee, trustee, sequestrator or other similar official of the Company or a Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the last audited consolidated financial statements for the Company and
its Restricted Subsidiaries), would constitute a Significant Subsidiary or of any substantial part of its or their property, or (v) the making by it or them of an assignment for the benefit of creditors, or the admission by it or them in
writing of its or their inability to pay its or their debts generally as they become due, or (vi) the taking of corporate action by the Company or a Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the last
audited consolidated financial statements for the Company and its Restricted Subsidiaries), would constitute a Significant Subsidiary in furtherance of any such action; or 

(9) failure by the Company or any Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the
latest audited consolidated financial statements for the Company and its Restricted Subsidiaries), would constitute a Significant Subsidiary to pay final judgments aggregating in excess of $125.0 million (to the extent not covered by insurance
by a reputable and creditworthy insurer as to which the insurer has not disclaimed coverage), which judgments are not paid or discharged, and there shall be any period of 60 consecutive days following entry of such final judgment or decree during
which a stay of enforcement of such final judgment or decree, by reason of pending appeal or otherwise, shall not be in effect; or 

(10) any Subsidiary Guarantee of a Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the
latest audited consolidated financial statements for the Company and its Restricted Subsidiaries), would constitute a Significant Subsidiary, ceases to be in full force and effect (except as contemplated by the terms of the Indenture) or is declared
null and void in a judicial proceeding or any Subsidiary Guarantor that is a Significant Subsidiary or group of Subsidiary Guarantors that, taken together (as of the latest audited consolidated financial statements of the Company and its Restricted
Subsidiaries), would constitute a Significant Subsidiary, denies or disaffirms its obligations under the Indenture or its Subsidiary Guarantee. 

  
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 Section 602. Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default (other than an Event of Default specified in Section 601(7) or 601(8)) occurs and is continuing, then in every
such case the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Notes may, and the Trustee at the request of such Holders shall, declare the Notes to be due and payable immediately, by a notice in writing to the
Company (and to the Trustee if given by Holders), and upon any such declaration the principal of, premium, if any, and accrued and unpaid interest, if any, on all of the Outstanding Notes shall become immediately due and payable. If an Event of
Default specified in Section 601(7) or 601(8) occurs, the principal of, premium, if any, and accrued and unpaid interest, if any, on all of the Outstanding Notes shall automatically, and without any declaration or other action on the part of
the Trustee or any Holder, become immediately due and payable. 
 At any time after such a declaration of acceleration with respect to the
Notes has been made, the Holders of a majority in principal amount of the Outstanding Notes, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if 

(a) such rescission would not conflict with any judgment or decree of a court of competent jurisdiction; 

(b) the Company has paid or deposited with the Trustee a sum sufficient to pay 

(A) all overdue interest on all the Notes, 

(B) the principal of (and premium, if any, on) any Notes which have become due otherwise than by such declaration of
acceleration and any interest thereon at the rate or rates prescribed therefor in such Notes, 
 (C) to the extent that
payment of such interest is lawful, interest upon overdue interest at the rate prescribed therefor in such Notes, and 
 (D)
all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel; and 

(c) all Events of Default with respect to the Notes, other than the non-payment of the
principal of, premium, if any, and interest on the Notes that have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 613. 

Notwithstanding the foregoing, if an Event of Default specified in Section 601(6) above shall have occurred and be continuing, such Event
of Default and any consequential acceleration (to the extent not in violation of any applicable law or in conflict with any judgment or decree of a court of competent jurisdiction) shall be automatically rescinded if (i) the Indebtedness that
is the subject of such Event of Default has been repaid or (ii) if the default relating to such Indebtedness is waived by the holders of such Indebtedness or cured and if such Indebtedness has been accelerated, then the holders thereof have
rescinded their declaration of acceleration in respect of such Indebtedness, in each case within 20 days after the declaration of acceleration with respect thereto, and (iii) any other existing Events of Default, except nonpayment of principal,
premium or interest on the Notes that became due solely because of the acceleration of the Notes, have been cured or waived. 

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

 Section 603. Collection of Indebtedness and Suits for Enforcement by Trustee. 

If an Event of Default occurs and is continuing, the Trustee, in its own name and as trustee of an express trust, shall be entitled and
empowered to institute any action or proceedings at law or in equity for the collection of the sums so due and unpaid or enforce the performance of any provision of the Notes or the Indenture, and may prosecute any such action or proceedings to
judgment or final decree, and may enforce any such judgment or final decree against the Subsidiary Guarantors or the Company or any other obligor upon the Notes (and collect in the manner provided by law out of the property of the Subsidiary
Guarantors or the Company or any other obligor upon the Notes wherever situated the moneys adjudged or decreed to be payable). 
 Section 604.
Trustee May File Proofs of Claim. 
 In case of any judicial proceeding relative to the Company, the Subsidiary Guarantors or any
other obligor upon the Notes, or the property or creditors of the Company or the Subsidiary Guarantors, the Trustee shall be entitled and empowered, by intervention in such proceeding or otherwise, to take any and all actions authorized under the
Trust Indenture Act in order to have claims of the Holders and the Trustee allowed in any such proceeding. In particular, the Trustee shall be authorized to collect and receive any moneys or other property payable or deliverable on any such claims
and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event
that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts
due the Trustee under Section 707. 
 No provision of the Indenture shall be deemed to authorize the Trustee to authorize or consent to
or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any
such proceeding; provided, however, that the Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ or other similar committee. 

Section 605. Trustee May Enforce Claims Without Possession of Notes. 

All rights of action and claims under the Indenture or the Notes may be prosecuted and enforced by the Trustee without the possession of any
of the Notes or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the
payment of the compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Notes in respect of which such judgment has been recovered. 

Section 606. Application of Money Collected. 

Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee
and, in case of the distribution of such money on account of principal or any premium or interest, upon presentation of the Notes and the notation thereon of the payment if only partially paid and upon surrender thereof if fully
paid:     

  
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 FIRST: To the payment of all amounts due the Trustee under Section 707; 

SECOND: To the payment of the amounts then due and unpaid for principal of and any premium and interest on the Notes, ratably,
without preference or priority of any kind, according to the amounts due and payable on such Notes for principal and any premium and interest, respectively; and 

THIRD: The remainder, if any, shall be paid to the Subsidiary Guarantors or the Company, as applicable, or to whomsoever may be
lawfully entitled to receive the same, or as a court of competent jurisdiction may direct. 
 Section 607. Limitation on Suits. 

No Holder shall have any right to institute any proceeding, judicial or otherwise, with respect to the Indenture, or for the appointment of a
receiver or trustee, or for any other remedy hereunder, unless: 
 (1) such Holder has previously given written notice to the
Trustee of a continuing Event of Default with respect to the Notes; 
 (2) the Holders of not less than 25% in principal
amount of the Outstanding Notes shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(3) such Holder or Holders have offered to the Trustee reasonable security or indemnity against the costs, expenses and
liabilities to be incurred in compliance with such request; 
 (4) the Trustee for 60 days after its receipt of such notice,
request and offer of security or indemnity has failed to institute any such proceeding; and 
 (5) the Holders of a majority
in principal amount of the Outstanding Notes have not waived such Event of Default or otherwise given the Trustee a direction that, in the opinion of the Trustee, is inconsistent with such request within such
60-day period; 
 it being understood and intended that no one or more of such Holders shall have any right in any
manner whatever by virtue of, or by availing of, any provision of the 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 the Indenture, except in the manner herein provided and for the equal and ratable benefit of all of such Holders. 

Section 608. Unconditional Right of Holders to Receive Principal, Premium and Interest. 

Notwithstanding any other provision in the Indenture, the Holder of any Notes shall have the right, which is absolute and unconditional, to
receive payment of the principal of and any premium and (subject to Section 407) interest on such Notes on the Stated Maturity expressed in such Notes (or, in the case of redemption or offer by the Company to purchase the Notes pursuant to the
terms of the Indenture, on the Redemption Date or purchase date, as applicable), and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 

  
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 Section 609. Restoration of Rights and Remedies. 

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

Section 610. Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes in the last paragraph of
Section 406, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in
addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or
employment of any other appropriate right or remedy. 
 Section 611. Delay or Omission Not Waiver. 

No delay or omission of the Trustee or of any Holder to exercise any right or remedy accruing upon any Event of Default shall impair any such
right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed
expedient, by the Trustee or by the Holders, as the case may be. 
 Section 612. Control by Holders. 

Subject to Section 703(5), the Holders of a majority in principal amount of the Outstanding Notes shall have the right to direct the
time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Notes, provided that 

(1) the Trustee may refuse to follow any direction that conflicts with any rule of law or with the Indenture or that the
Trustee determines is unduly prejudicial to the rights of any other Holder or would involve the Trustee in personal liability, and 

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

Section 613. Waiver of Past Defaults. 

The Holders of not less than a majority in principal amount of the Outstanding Notes may on behalf of the Holders of all the Notes waive any
past default hereunder and its consequences or compliance with any covenant or provision hereof, except a default 

  
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 (1) in the payment of the principal of or any premium or interest on the Notes
(including any Note which is required to have been purchased by the Company pursuant to an offer to purchase by the Company made pursuant to the terms of the Indenture), or 

(2) in respect of a covenant or provision hereof which under Article Ten cannot be modified or amended without the consent of
the Holder of each Outstanding Note affected. 
 Upon any such waiver with respect to a past default, such default shall cease to exist, and
any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of the Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

Section 614. Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under the Indenture, or in any suit against the Trustee for any action taken, suffered
or omitted by it as Trustee, a court may require any party litigant in such suit to file an undertaking to pay the costs of such suit, and may assess costs against any such party litigant, in the manner and to the extent provided in the Trust
Indenture Act; provided that neither this Section nor the Trust Indenture Act shall be deemed to authorize any court to require such an undertaking or to make such an assessment in any suit instituted by the Company. 

Section 615. Waiver of Usury, Stay or Extension Laws. 

The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner
whatsoever claim or take the benefit or advantage of, any usury, stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of the Indenture; and the Company (to the extent that
it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of
every such power as though no such law had been enacted. 
 ARTICLE SEVEN 

THE TRUSTEE 
 Section 701. Certain
Duties and Responsibilities. 
 The duties and responsibilities of the Trustee shall be as provided by the Trust Indenture Act.
Notwithstanding the foregoing, no implied covenants shall be read into the Indenture against the Trustee, and no provision of the Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the
performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably
assured to it. Whether or not therein expressly so provided, every provision of the Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 

Section 702. Notice of Defaults. 

If a default occurs hereunder with respect to the Notes which is known to the Trustee, the Trustee shall give the Holders of the Notes notice
of such default as and to the extent provided by the Trust Indenture Act; provided, however, that in the case of any default of the character specified in Section 

  
 57 

 
601(5) with respect to the Notes, no such notice to Holders shall be given until at least 30 days after the occurrence thereof. For the purpose of this Section, the term “default” means
any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to the Notes. 
 The Trustee
shall not be deemed to have notice of any default 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 from the Company or a Holder
at the Corporate Trust Office of the Trustee, and such notice references the Notes and the Indenture. 
 Section 703. Certain Rights of Trustee.

 Subject to the provisions of Section 701:     

(1) the Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper
party or parties; 
 (2) any request or direction of the Company mentioned herein shall be sufficiently evidenced by a
Company Request or Company Order, and any resolution of the Board of Directors shall be sufficiently evidenced by a Board Resolution; 

(3) whenever in the administration of the Indenture the Trustee shall deem it desirable that a matter be proved or established
prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may in good faith rely upon an Officers’ Certificate; 

(4) the Trustee may consult with counsel and the written advice of such counsel or any Opinion of Counsel shall be full and
complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 

(5) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by the Indenture at the
request or direction of any of the Holders pursuant to the Indenture, unless such Holders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which might be incurred by it in compliance with
such request or direction; 
 (6) the Trustee shall not be bound to make any investigation into the facts or matters stated
in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make such
further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company,
personally or by agent or attorney; 
 (7) the Trustee may execute any of the trusts or powers hereunder or perform any
duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; 

  
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 (8) the Trustee shall not be liable for any action it takes or omits to take in
good faith which it believes authorized or within its rights; and 
 (9) any action taken, or omitted to be taken, by the
Trustee in good faith pursuant to the Indenture upon the request or authority or consent of any person who, at the time of making such request or giving such authority or consent, is the Holder of the Notes shall be conclusive and binding upon all
future Holders of the Notes and upon Notes executed and delivered in exchange therefore or in place thereof. 
 Section 704. Not Responsible for
Recitals or Issuance of Notes. 
 The recitals contained herein and in the Notes, except the Trustee’s certificates of
authentication, shall be taken as the statements of the Company, and neither the Trustee nor any Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of the
Indenture or of the Notes. Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Company of Notes or the proceeds thereof. 

Section 705. May Hold Notes. 
 The
Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the Company, in its individual or any other capacity, may become the owner or pledgee of Notes and, subject to Sections 708 and 713, may otherwise deal
with the Company with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar or such other agent. 

Section 706. Money Held in Trust. 

Money and U.S. Government Obligations held by the Trustee in trust hereunder need not be segregated from other funds except to the extent
required by law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed with the Company. 

Section 707. Compensation and Reimbursement. 

The Company agrees 

(1) to pay to the Trustee from time to time compensation for all services rendered by it hereunder (which compensation shall
not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 
 (2) except as
otherwise expressly provided herein, to reimburse the Trustee upon its request for all expenses, disbursements and advances incurred or made by the Trustee in accordance with any provision of the Indenture (including the compensation and the
expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to its gross negligence or bad faith; and 

(3) to indemnify the Trustee for, and to hold it harmless against, any loss, liability or expense incurred without gross
negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending itself against any claim or liability in connection with the
exercise or performance of any of its powers or duties hereunder. When the Trustee incurs expenses or renders services after the occurrence of an Event of Default specified in paragraph (7) or (8) of

  
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Section 601 of the Indenture, such expenses and the compensation for such services are intended to constitute expenses of administration under any Insolvency or Liquidation Proceeding. For
the purposes of this paragraph, “Insolvency” or “Liquidation Proceeding” means, with respect to any Person, (a) an insolvency or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or similar case
or proceeding in connection therewith, relative to such Person or its creditors, as such, or its assets, or (b) any liquidation, dissolution or other winding-up proceeding of such Person, whether
voluntary or involuntary and whether or not involving insolvency or bankruptcy or (c) any assignment for the benefit of creditors or any other marshaling of assets and liabilities of such Person. 

The obligations of the Company and the Subsidiary Guarantors under this Section 707 shall survive the satisfaction and discharge of this
Indenture. 
 To secure the Company’s and the Subsidiary Guarantors’ payment obligations in this Section 707, the Trustee
shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture.

 Section 708. Conflicting Interests. 

If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate
such interest or, except as otherwise provided in Section 310(b) of the Trust Indenture Act, resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and the Indenture. To the extent permitted by
the Trust Indenture Act, the Trustee shall not be deemed to have a conflicting interest by virtue of being a trustee under the Base Indenture with respect to Securities of more than one series. 

Section 709. Corporate Trustee Required; Eligibility. 

There shall at all times be one (and only one) Trustee hereunder with respect to the Notes. Each Trustee shall be a Person that is eligible
pursuant to the Trust Indenture Act to act as such, and has a combined capital and surplus of at least $50,000,000. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or
examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent
report of condition so published. If at any time the Trustee with respect to the Notes shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified
in this Article. 
 Section 710. Resignation and Removal; Appointment of Successor. 

No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the
acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 711. 
 The Trustee may
resign at any time with respect to the Notes by giving written notice thereof to the Company. If the instrument of acceptance by a successor Trustee required by Section 711 shall not have been delivered to the Trustee within 30 days after the
giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Notes. 

  
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 The Trustee may be removed at any time by Act of the Holders of a majority in principal amount of
the Outstanding Notes, delivered to the Trustee and to the Company. 
 If at any time: 

(1) the Trustee shall fail to comply with Section 708 after written request therefor by the Company or by any Holder who
has been a bona fide Holder of a Note for at least six months, or 
 (2) the Trustee shall cease to be eligible under
Section 709 and shall fail to resign after written request therefor by the Company or by any such Holder, or 
 (3) the
Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs
for the purpose of rehabilitation, conservation or liquidation, 
 then, in any such case, (A) the Company by a Board Resolution may remove the
Trustee, or (B) subject to Section 614, any Holder who has been a bona fide Holder of a Note for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal
of the Trustee with respect to all Notes and the appointment of a successor Trustee or Trustees. 
 If the Trustee shall resign, be removed
or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause, with respect to the Notes, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Notes and
shall comply with the applicable requirements of Section 711. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Notes shall be appointed by Act of the
Holders of a majority in principal amount of the Outstanding Notes delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with the applicable
requirements of Section 711, become the successor Trustee with respect to the Notes and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to the Notes shall have been so appointed by
the Company or the Holders and accepted appointment in the manner required by Section 711, any Holder who has been a bona fide Holder of a Note for at least six months may, on behalf of himself and all others similarly situated, petition any
court of competent jurisdiction for the appointment of a successor Trustee with respect to the Notes. 
 The Company shall give notice of
each resignation and each removal of the Trustee and each appointment of a successor Trustee to all Holders of Notes in the manner provided in Section 206. Each notice shall include the name of the successor Trustee and the address of its
Corporate Trust Office. 
 Section 711. Acceptance of Appointment by Successor. 

In case of the appointment hereunder of a successor Trustee, every such successor Trustee so appointed shall execute, acknowledge and deliver
to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance,
shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument
transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. 

 

  
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 Upon request of any such successor Trustee, the Company shall execute any and all instruments for
more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in the first or second preceding paragraph, as the case may be. 

No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible
under this Article. 
 Section 712. Merger, Conversion, Consolidation or Succession to Business. 

Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such
corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Notes shall have been authenticated, but not delivered,
by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Notes so authenticated with the same effect as if such successor Trustee had itself
authenticated such Notes. 
 Section 713. Preferential Collection of Claims Against Company. 

If and when the Trustee shall be or become a creditor of the Company or any other obligor upon the Notes, the Trustee shall be subject to the
provisions of the Trust Indenture Act regarding the collection of claims against the Company or any such other obligor. 
 Section 714. Appointment
of Authenticating Agent. 
 The Trustee may appoint an Authenticating Agent or Agents which shall be authorized to act on behalf of the
Trustee to authenticate Notes issued upon original issue and upon exchange, registration of transfer or partial redemption thereof or pursuant to Section 406, and Notes so authenticated shall be entitled to the benefits of the Indenture and
shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Supplemental Indenture to the authentication and delivery of Notes by the Trustee or the Trustee’s certificate of
authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each
Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to
act as Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 and subject to supervision or examination by Federal or State authority. If such Authenticating Agent publishes reports of condition at least annually,
pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set
forth in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with
the effect specified in this Section. 

  
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 Any corporation into which an Authenticating Agent may be merged or converted or with which it
may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an
Authenticating Agent, shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the
Authenticating Agent. 
 An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to the Company.
The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any
time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall give notice of such appointment
in the manner provided in Section 206 to all Holders of Notes with respect to which such Authenticating Agent will serve. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights,
powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section. 

The Trustee agrees to pay to each Authenticating Agent from time to time reasonable compensation for its services under this Section, and the
Trustee shall be entitled to be reimbursed for such payments, subject to the provisions of Section 707. 
 If an appointment with
respect to one or more series is made pursuant to this Section, the Notes may have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternative certificate of authentication in the following form: 

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

 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION
	                        As
Trustee

 
			
		
	By:	 	  

		 	        As Authenticating Agent
		
	By:	 	  

		 	        Authorized Officer

  
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 ARTICLE EIGHT 

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 

Section 801. Company to Furnish Trustee Names and Addresses of Holders. 

The Company will furnish or cause to be furnished to the Trustee 

(1) semi-annually, not later than each Interest Payment Date for the Notes in each year, a list, in such form as the Trustee
may reasonably require, of the names and addresses of the Holders of Notes as of the preceding Regular Record Date, and 

(2) at such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such
request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; 
 excluding from any such list
names and addresses received by the Trustee in its capacity as Security Registrar. 
 Section 802. Preservation of Information; Communications to
Holders. 
 The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders contained
in the most recent list furnished to the Trustee as provided in Section 801 and the names and addresses of Holders received by the Trustee in its capacity as Security Registrar. The Trustee may destroy any list furnished to it as provided in
Section 801 upon receipt of a new list so furnished. 
 The rights of Holders to communicate with other Holders with respect to their
rights under the Indenture or under the Notes, and the corresponding rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act. 

Every Holder of Notes, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor
any agent of any of them shall be held accountable by reason of any disclosure of information as to names and addresses of Holders made pursuant to the Trust Indenture Act. 

Section 803. Reports by Trustee. 

The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under the Indenture as may be required pursuant to
the Trust Indenture Act at the times and in the manner provided pursuant thereto. 
 A copy of each such report shall, at the time of such
transmission to Holders, be filed by the Trustee with each stock exchange upon which the Notes are listed, with the SEC and with the Company. The Company will notify the Trustee when any Notes are listed on any stock exchange. 

Section 804. Reports by Company. 

(a) Whether or not the Company is subject to the reporting requirements of Section 13 or Section 15(d) of the Exchange Act, to the extent
not prohibited by the Exchange Act, the Company will file with the SEC, and make available to the Trustee and the Holders of the Notes without cost to any 

  
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Holder, the annual reports and the information, documents and other reports (or copies of such portions of any of the foregoing as the SEC may by rules and regulations prescribe) that are
specified in Sections 13 and 15(d) of the Exchange Act and applicable to a U.S. corporation within the time periods specified therein with respect to an accelerated filer. In the event that the Company is not permitted to file such reports,
documents and information with the SEC pursuant to the Exchange Act, the Company will nevertheless make available such Exchange Act information to the Trustee and the Holders of the Notes without cost to any Holder as if the Company were subject to
the reporting requirements of Section 13 or 15(d) of the Exchange Act within the time periods specified therein with respect to a non-accelerated filer. The Company shall also comply with the provisions
of Trust Indenture Act Section 314(a). 
 (b) The Company may request the Trustee on behalf of the Company at the Company’s expense to
mail the foregoing to Holders. In such case, the Company shall provide the Trustee with a sufficient number of copies of all reports and other documents and information that the Trustee may be required to deliver to Holders under this Section. 

(c) If the Company has designated any of its Subsidiaries as Unrestricted Subsidiaries, then the financial information required will include a
reasonably detailed presentation, either on the face of the financial statements or in the footnotes thereto, and in Management’s Discussion and Analysis of Financial Condition and Results of Operations, of the financial condition and results
of operations of the Company and its Restricted Subsidiaries separate from the financial condition and results of operations of the Unrestricted Subsidiaries of the Company. 

(d) The availability of the foregoing materials on the SEC’s website or on the Company’s website shall be deemed to satisfy the
foregoing delivery obligations. 
 (e) Any and all Defaults or Events of Default arising from a Reporting Failure shall be deemed cured (and
the Company shall be deemed to be in compliance with this Section 804) upon furnishing or filing such information or report as contemplated by this Section 804 (but without regard to the date on which such information or report is so
furnished or filed); provided that such cure shall not otherwise affect the rights of Holders under Section 601 if the principal, premium, if any, and interest shall have been accelerated in accordance with the terms of this Indenture
and such acceleration has not been rescinded or cancelled prior to such cure. 
 (f) Delivery of reports, information and documents to the
Trustee under this Section 804 is for informational purposes only and the Trustee’s receipt of the foregoing shall not constitute constructive notice of any information contained therein or determinable from information contained therein.

 ARTICLE NINE 

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 

Section 901. Company May Consolidate, Etc., Only on Certain Terms. 

The Company shall not consolidate with or merge with or into or wind up into (whether or not the Company is the surviving Person), or sell,
lease, transfer, convey or otherwise dispose of all or substantially all its assets in one or more related transactions to, any Person, unless: 

(1) the resulting, surviving or transferee Person (for purposes of this Article Nine, a “Successor Company”) will be
a corporation, partnership, trust or limited liability company organized and existing under the laws of the United States of America, any State of the United States or the District of Columbia and 

  
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the Successor Company (if not the Company) will expressly assume, by supplemental indenture, executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee, all the
obligations of the Company under the Notes and the Indenture; 
 (2) immediately after giving effect to such transaction
(and treating any Indebtedness that becomes an obligation of the Successor Company or any Subsidiary of the Successor Company as a result of such transaction as having been Incurred by the Successor Company or such Subsidiary at the time of such
transaction), no Default or Event of Default shall have occurred and be continuing; 
 (3) immediately after giving effect
to such transaction on a pro forma basis and any related financing transactions as if the same had occurred at the beginning of the applicable four quarter period, either (A) the Successor Company would be able to Incur at least an additional
$1.00 of Indebtedness pursuant to the first paragraph of Section 1111 or (B) the Consolidated Coverage Ratio of the Company is equal to or greater than the Consolidated Coverage Ratio of the Company immediately before such transaction;

 (4) if the Company is not the Successor Company, each Subsidiary Guarantor (unless it is the other party to such
transaction, in which case clause (1) shall apply) shall have by supplemental indenture confirmed that its Subsidiary Guarantee shall apply to such Person’s obligations in respect of the Indenture and the Notes shall continue to be in
effect; and 
 (5) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel,
each stating that such transaction and such supplemental indenture (if any) comply with the Indenture and that all conditions precedent herein provided for relating to such transaction have been complied with. 

For purposes of this Article Nine, the sale, lease, transfer, conveyance or other disposition of all or substantially all of the assets of one
or more Subsidiaries of the Company, which assets, if held by the Company instead of such Subsidiaries, would constitute all or substantially all of the assets of the Company on a consolidated basis, shall be deemed to be the disposition of all or
substantially all of the assets of the Company. 
 Section 902. [Reserved]. 

Section 903. Certain Permitted Consolidations, Etc. 

Notwithstanding the preceding Section 901(3), (x) any Restricted Subsidiary may consolidate with, merge or wind up into or dispose of all
or part of its assets to, the Company, and the Company may consolidate with, merge or wind up into, or dispose of all or part of its assets to, a Subsidiary Guarantor and (y) the Company may merge with or into an Affiliate incorporated solely
for the purpose of reincorporating the Company in another jurisdiction; and provided further that, in the case of a Restricted Subsidiary that consolidates with, merges or winds up into, or disposes of all or part of its assets to, the
Company, the Company will not be required to comply with the preceding Section 901(5). 

  
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 Section 904. Successor Substituted. 

Upon any consolidation of the Company with, or merger of the Company into, any other Person or any conveyance, transfer or lease of all or
substantially all of the assets of the Company in accordance with Section 901, the Successor Company shall succeed to, and be substituted for, and may exercise every right and power of, the Company under the Indenture with the same effect as if
such successor Person had been named as the Company herein, and thereafter, except in the case of a lease of all or substantially all of its assets, the predecessor Person shall be relieved of all obligations under the Indenture and the Notes. 

ARTICLE TEN 

SUPPLEMENTAL INDENTURES 

Section 1001. Supplemental Indentures Without Consent of Holders. 

Without the consent of any Holders, the Company, the Subsidiary Guarantors and the Trustee, at any time and from time to time, may enter into
one or more indentures supplemental hereto for any of the following purposes: 
 (1) to cure any ambiguity, omission, defect,
mistake or inconsistency; 
 (2) to provide for the assumption by a successor corporation, partnership, trust or limited
liability company of the obligations of the Company or any Subsidiary Guarantor under the Indenture and the Notes; 
 (3) to
provide for uncertificated Notes in addition to or in place of certificated Notes (provided that the uncertificated Notes are issued in registered form for purposes of Section 163(f) of the Internal Revenue Code of 1986, as amended); 

(4) to add Guarantors with respect to the Notes, including Subsidiary Guarantors, or evidence the release of a Subsidiary
Guarantor from its Subsidiary Guarantee in accordance with Section 1604; 
 (5) to secure the Notes or the Subsidiary
Guarantees; 
 (6) to add to the covenants of the Company or a Subsidiary Guarantor for the benefit of the Holders or
surrender any right or power conferred upon the Company or a Subsidiary Guarantor; 
 (7) to make any change that does not
adversely affect the rights of any Holder; provided, however, that any change to conform the Indenture to the “Description of Notes” in the final prospectus of the Company relating to the Initial Notes will not be deemed to
adversely affect such legal rights; 
 (8) to comply with any requirement of the SEC in connection with the qualification of
the Indenture under the Trust Indenture Act; or 
 (9) to provide for the succession of a successor Trustee, provided
that the successor Trustee is otherwise qualified and eligible to act as such under the Indenture. 

  
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 The Trustee is hereby authorized to join with the Company and the Subsidiary Guarantors in the
execution of any such supplemental indenture, to make any further appropriate agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property thereunder. 

Any supplemental indenture authorized by the provisions of this Section 1001 may be executed by the Company, the Subsidiary Guarantors
and the Trustee without the consent of the Holders, notwithstanding any of the provisions of Section 1002. 
 Section 1002. Supplemental
Indentures With Consent of Holders. 
 With the consent of the Holders of not less than a majority in principal amount of the
Outstanding Notes, the Company, the Subsidiary Guarantors and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the
Indenture or of modifying in any manner the rights of the Holders under the Indenture; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Note affected thereby: 

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

(2) reduce the stated rate of or extend the stated time for payment of interest on any Note; 

(3) reduce the principal of or extend the Stated Maturity of any Note; 

(4) reduce the premium payable upon the redemption of any Note pursuant to Section 1203 or change the time at which any
Note may be redeemed (except provisions relating to minimum required notice of optional redemption) pursuant to Section 1203 or make any change relative to the Company’s obligation to purchase the Notes pursuant to Section 1110 as a
result of a Change of Control after (but not before) the occurrence of such Change of Control; 
 (5) make any Note payable
in money other than that stated in the Note; 
 (6) impair the right of any Holder to receive payment of the principal of,
premium, if any, and interest on such Holder’s Notes on or after the due dates therefor or to institute suit for the enforcement of any payment on or with respect to such Holder’s Notes; 

(7) make any change in this Section 1002 or in Section 613; 

(8) modify the Subsidiary Guarantees in any manner adverse to the Holders of the Notes; or 

(9) make any change to or modify the ranking of the Notes that would adversely affect the Holders. 

It shall not be necessary for any Act of Holders under this Section to approve the particular form of any proposed supplemental indenture, but
it shall be sufficient if such Act shall approve the substance thereof. 

  
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 A consent to any amendment or waiver under the Indenture by any Holder of Notes given in
connection with a tender of such Holder’s Notes, or a purchase of, or tender offer or exchange offer for, other Notes, will not be rendered invalid thereby. 

After an amendment under this Section 1002 becomes effective, the Company shall send to the Holders a notice briefly describing such
amendment. However, the failure to give such notice to all the Holders, or any defect in the notice will not impair or affect the validity of the amendment. 

Section 1003. Execution of Supplemental Indentures. 

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 the Indenture, the Trustee shall be entitled to receive, and shall be fully protected in relying upon, an Officers’ Certificate and Opinion of Counsel stating that the execution of such supplemental indenture is
authorized or permitted by the Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under the Indenture or otherwise. 

Section 1004. Effect of Supplemental Indentures. 

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

Section 1005. Conformity with Trust Indenture Act. 

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

Section 1006. Reference in Notes to Supplemental Indentures. 

Notes authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall if required by the
Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Notes so modified as to conform, in the opinion of the Trustee and the Company, to any such
supplemental indenture may be prepared and executed by the Company and such new Notes may be authenticated and delivered by the Trustee in exchange for Outstanding Notes. 

ARTICLE ELEVEN 

COVENANTS 
 Section 1101. Payment
of Principal, Premium and Interest. 
 The Company covenants and agrees for the benefit of the Notes that it will duly and punctually
pay the principal of and any premium and interest on the Notes in accordance with the terms of the Notes and the Indenture. Principal, premium, if any, and interest will be considered paid on the date due if a Paying Agent, if other than the Company
or a Subsidiary thereof, holds as of 11 a.m., New York City time, on the due date money deposited by the Company in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest then due. 

  
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 The Company will pay interest (including post-petition interest in any proceeding under any
applicable Federal or State bankruptcy, insolvency, reorganization or similar law) on overdue principal and premium, if any, at the interest rate specified in the Notes to the extent lawful; and it will pay interest (including post-petition interest
in any proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or similar law) on overdue installments of interest (without regard to any applicable grace period) at the same rate to the extent lawful. 

Section 1102. Maintenance of Office or Agency. 

The Company will maintain, in the City and State of New York and in any other Place of Payment, an office or agency where Notes may be
presented or surrendered for payment, and it will maintain an office or agency in the continental United States where Notes may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect
of the Notes and the Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required
office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as
its agent to receive all such presentations, surrenders, notices and demands. The Company hereby irrevocably designates as a Place of Payment for the Notes the City and State of New York, and initially appoints Wells Fargo Bank, National Association
at its corporate trust office in the City of New York, which, at the date hereof, is located at 150 East 42nd Street, 40th Floor, New York, New York 10017, as the Company’s office or agency in such city where the Notes may be presented or
surrendered for payment. 
 The Company may also from time to time designate one or more other offices or agencies where the Notes may be
presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain
in the City and State of New York, a Place of Payment for the Notes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 

Section 1103. Money for Notes Payments to Be Held in Trust. 

If the Company shall at any time act as its own Paying Agent, it will, before 11 a.m., New York City time, on each due date of the
principal of or any premium or interest on any of the Notes, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any premium and interest so becoming due until such sums shall be paid
to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its action or failure so to act. 

Whenever the Company shall have one or more Paying Agents for the Notes, it will, prior to 11 a.m., New York City time, on each due date
of the principal of or any premium or interest on the Notes, deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be held as provided by the Trust Indenture Act, and (unless such Paying Agent is the Trustee) the Company will
promptly notify the Trustee of its action or failure so to act. 
 The Company will cause each Paying Agent other than the Trustee to
execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will (1) comply with the provisions of the Trust Indenture Act
applicable to it as a Paying Agent and (2) during the continuance of any default by the Company or any other obligor upon the Notes in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith pay to
the Trustee all sums held in trust by such Paying Agent for payment in respect of the Notes. 

  
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 The Company may at any time, for the purpose of obtaining the satisfaction and discharge of the
Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such
sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money. 

Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of or any
premium or interest on the Notes and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the Company on Company Request, or (if then held by the Company) shall be discharged from
such trust; and the Holder of such Notes shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of
the Company as trustee thereof, shall thereupon cease; provided, however, that, if there are then outstanding any Notes not in global form, the Trustee or such Paying Agent, before being required to make any such repayment, may at the
expense of the Company cause to be published once, in a newspaper published in the English language, customarily published on each Business Day and of general circulation in the City and State of New York notice that such money remains unclaimed and
that, after a date specified therein, which shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Company. 

Section 1104. Annual Compliance Certificate; Statement by Officers as to Default. 

(a) The Company and the Subsidiary Guarantors shall deliver to the Trustee within 120 days after the end of each fiscal year of the Company
ending after the Issue Date an Officers’ Certificate signed by the principal executive officer, the principal accounting officer or the principal financial officer of each of the Company and the Subsidiary Guarantors, stating that a review of
the activities of the Company and its Restricted Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officers with a view to determining whether each of the Company and the Subsidiary Guarantors has
performed its obligations under the Indenture, and further stating whether or not the signers know of any Default or Event of Default that occurred during such period. If they do, the certificate shall describe such Default or Event of Default, its
status and what action the Company is taking or proposes to take with respect thereto. 
 (b) The Company shall, so long as any Note is
Outstanding, deliver to the Trustee within 30 days after the occurrence of a Default, written notice (which need not be an Officers’ Certificate) setting forth the details of such Default, and what action the Company is taking or proposing to
take with respect thereto. 
 Section 1105. Existence. 

Subject to Article Nine, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect the
existence, rights (charter and statutory) and franchises of the Company; provided, however, that the Company shall not be required to preserve any such right or franchise if it shall determine that the preservation thereof is no longer
desirable in the conduct of the business of the Company. 

  
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 Section 1106. [Reserved]. 

Section 1107. Payment of Taxes. 

The Company will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, all material taxes, assessments
and governmental charges levied or imposed upon the Company or any Subsidiary or upon the income, profits or property of the Company or any Subsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to
be paid or discharged any such tax, assessment or charge whose amount, applicability or validity is being contested in good faith by appropriate proceedings. 

Section 1108. [Reserved]. 
 Section 1109.
[Reserved]. 
 Section 1110. Purchase of Notes Upon a Change of Control. 

If a Change of Control occurs, each Holder will have the right to require the Company to purchase all or any part (equal to $2,000 or an
integral multiple of $1,000 in excess of $2,000) of such Holder’s Notes at a purchase price in cash equal to 101% of the principal amount of the Notes plus accrued and unpaid interest, if any, to the date of purchase (subject to the right of
holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). 
 Within 30 days following
any Change of Control, unless the Company has previously or concurrently exercised its right to redeem all of the Notes pursuant to Section 1203, the Company will send a notice (the “Change of Control Offer”) to each Holder, with a
copy to the Trustee, stating: 
 (1) that a Change of Control has occurred and that such Holder has the right to require the
Company to purchase such Holder’s Notes at a purchase price in cash equal to 101% of the principal amount of such Notes plus accrued and unpaid interest, if any, to the date of purchase (subject to the right of Holders of record on a record
date to receive interest on the relevant Interest Payment Date) (the “Change of Control Payment”); 
 (2) the
repurchase date (which shall be no earlier than 30 days nor later than 60 days from the date such notice is sent) (the “Change of Control Payment Date”); 

(3) that any Note not properly tendered will remain outstanding and continue to accrue interest; 

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

  
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 (6) that Holders will be entitled to withdraw their tendered Notes and their
election to require the Company to purchase such Notes, provided that the paying agent receives, not later than the close of business on the third Business Day preceding the Change of Control Payment Date, a telegram, telex, facsimile
transmission or letter setting forth the name of the Holder of the Notes, the principal amount of Notes tendered for purchase, and a statement that such Holder is withdrawing its tendered Notes and its election to have such Notes purchased; 

(7) that if the Company is purchasing a portion of the Note of any Holder, the Holder will be issued a new Note equal in
principal amount to the unpurchased portion of the Note surrendered, provided that the unpurchased portion of the Note must be equal to a minimum principal amount of $2,000 and an integral multiple of $1,000 in excess of $2,000; and 

(8) the procedures determined by the Company, consistent with the Indenture, that a Holder must follow in order to have its
Notes repurchased. 
 On the Change of Control Payment Date, the Company will, to the extent lawful: 

(1) accept for payment all Notes or portions of Notes (in a minimum principal amount of $2,000 and integral multiples of $1,000
in excess of $2,000) properly tendered pursuant to the Change of Control Offer and not properly withdrawn; 
 (2) deposit
with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes accepted for payment; and 

(3) deliver or cause to be delivered to the Trustee the Notes so accepted together with an Officers’ Certificate stating
the aggregate principal amount of Notes or portions of Notes being purchased by the Company. 
 The Paying Agent will promptly mail or
deliver to each Holder of Notes accepted for payment the Change of Control Payment for such Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book entry) to each Holder a new Note equal in principal amount to
any unpurchased portion of the Notes surrendered, if any; provided that each such new Note will be in a minimum principal amount of $2,000 or an integral multiple of $1,000 in excess of $2,000. 

If the Change of Control Payment Date is on or after an interest record date and on or before the related Interest Payment Date, any accrued
and unpaid interest, will be paid to the Person in whose name a Note is registered at the close of business on such record date, and no further interest will be payable to Holders who tender pursuant to the Change of Control Offer. 

The Company is not required to make a Change of Control Offer upon a Change of Control if (1) a third party makes the Change of Control
Offer in the manner, at the times and otherwise in compliance with this Section 1110 applicable to a Change of Control Offer made by the Company and purchases all Notes validly tendered and not properly withdrawn under such Change of Control
Offer, (2) notice of redemption of all of the Outstanding Notes has been given pursuant to Section 1205 unless and until there 

  
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is a default in payment of the applicable Redemption Price or (3) in connection with or in contemplation of any Change of Control, the Company has made an offer to purchase (an
“Alternate Offer”) any and all Outstanding Notes validly tendered at a cash price equal to or higher than the Change of Control Payment and has purchased all Outstanding Notes properly tendered in accordance with the terms of such
Alternate Offer. 
 A Change of Control Offer may be made in advance of a Change of Control, and conditioned upon the occurrence of a Change
of Control, if a definitive agreement is in place for the Change of Control at the time of making the Change of Control Offer. 
 The
Company will comply, to the extent applicable, with the requirements of Rule 14e-1 of the Exchange Act and any other securities laws or regulations in connection with the repurchase of Notes as a result of a
Change of Control. To the extent that the provisions of any securities laws or regulations conflict with provisions of this Section 1110, the Company will comply with the applicable securities laws and regulations and will not be deemed to have
breached its obligations under this Section 1110 by virtue of its compliance with such securities laws or regulations. 
 If Holders of
not less than 90% in aggregate principal amount of the Outstanding Notes validly tender and do not withdraw such Notes in a Change of Control Offer or an Alternate Offer and the Company, or any third party making a Change of Control Offer in lieu of
the Company as described above, purchases all of the Notes validly tendered and not withdrawn by such Holders, the Company will have the right, upon not less than 30 nor more than 60 days’ prior notice, given not more than 30 days following
such purchase pursuant to the Change of Control Offer or Alternate Offer described above, to redeem all Notes that remain Outstanding following such purchase at a Redemption Price in cash equal to the applicable Change of Control Payment plus, to
the extent not included in the Change of Control Payment, accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment
Date). Any redemption pursuant to this paragraph shall be made in compliance with Article Twelve. 
 The Company’s obligation to make a
Change of Control Offer pursuant to this Section 1110 may be waived or modified or terminated with the consent of the Holders of a majority in principal amount of the Notes then Outstanding (including consents obtained in connection with a
tender offer or exchange offer for the Notes) prior to the occurrence of such Change of Control. 
 Section 1111. Limitation on Indebtedness and
Preferred Stock. 
 The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, Incur any
Indebtedness (including Acquired Indebtedness) and the Company will not permit any of its Restricted Subsidiaries to issue Preferred Stock; provided, however, that the Company may Incur Indebtedness and any of the Subsidiary Guarantors
may Incur Indebtedness and issue Preferred Stock if on the date thereof: 
 (1) the Consolidated Coverage Ratio for the
Company and its Restricted Subsidiaries is at least 2.25 to 1.00, determined on a pro forma basis (including a pro forma application of proceeds); and 

(2) no Default would occur as a consequence of, and no Event of Default would be continuing following, Incurring the
Indebtedness or its application. 

  
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 The first paragraph of this Section 1111 will not prohibit the Incurrence of the following
Indebtedness: 
 (1) Indebtedness under one or more Credit Facilities of (a) the Company or any Subsidiary Guarantor
Incurred pursuant to this clause (1) in an aggregate amount not to exceed the greater of (i) $2.5 billion or (ii) the sum of $500.0 million and 25.0% of the Company’s Adjusted Consolidated Net Tangible Assets determined as
of the date of the Incurrence of such Indebtedness after giving effect to the application of the proceeds therefrom and (b) any Foreign Subsidiary Incurred pursuant to this clause (1) in an aggregate amount not to exceed
$50.0 million, in each case outstanding at any one time; 
 (2) Guarantees of Indebtedness Incurred in accordance with
the provisions of the Indenture; provided that in the event such Indebtedness that is being Guaranteed is a Subordinated Obligation or a Guarantor Subordinated Obligation, then the related Guarantee shall be subordinated in right of payment
to the Notes or the Subsidiary Guarantee to at least the same extent as the Indebtedness being Guaranteed, as the case may be; 

(3) Indebtedness of the Company owing to and held by any Restricted Subsidiary or Indebtedness of a Restricted Subsidiary
owing to and held by the Company or any Restricted Subsidiary; provided, however, that (a)(i) if the Company is the obligor on such Indebtedness and the obligee is not a Subsidiary Guarantor, such Indebtedness must be expressly
subordinated to the prior payment in full in cash of all obligations with respect to the Notes and (ii) if a Subsidiary Guarantor is the obligor of such Indebtedness and the obligee is neither the Company nor a Subsidiary Guarantor, such
Indebtedness must be expressly subordinated to the prior payment in full in cash of all obligations of such Subsidiary Guarantor with respect to its Subsidiary Guarantee and (b)(i) any subsequent issuance or transfer of Capital Stock or any other
event which results in any such Indebtedness being held by a Person other than the Company or a Restricted Subsidiary of the Company and (ii) any sale or other transfer of any such Indebtedness to a Person other than the Company or a Restricted
Subsidiary of the Company shall be deemed, in each case, to constitute an Incurrence of such Indebtedness by the Company or such Subsidiary, as the case may be, that was not permitted by this clause (3); 

(4) Indebtedness represented by (a) the Notes issued on the Issue Date and all Subsidiary Guarantees, (b) any
Indebtedness (other than the Indebtedness described in clauses (1), (2) and 4(a)) outstanding on the Issue Date and (c) any Refinancing Indebtedness Incurred in respect of any Indebtedness described in this clause (4) or clause (5) or
clause (8) or Incurred pursuant to the first paragraph of this Section 1111; 
 (5) Permitted Acquisition
Indebtedness; 
  

  
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 (6) Indebtedness Incurred in respect of (a) self-insurance obligations,
bid, appeal, reimbursement, performance, surety and similar bonds and completion guarantees provided by the Company or a Restricted Subsidiary in the ordinary course of business and any Guarantees or letters of credit functioning as or supporting
any of the foregoing bonds or obligations and (b) obligations represented by letters of credit for the account of the Company or a Restricted Subsidiary in order to provide security for workers’ compensation claims (in the case of clauses
(a) and (b) other than for an obligation for money borrowed); 
 (7) Preferred Stock (other than Disqualified Stock) of
any Restricted Subsidiary; 
 (8) Indebtedness represented by Capitalized Lease Obligations of the Company or any of its
Restricted Subsidiaries (whether or not Incurred pursuant to sale and leaseback transactions), mortgage financings or purchase money obligations, Incurred in connection with the acquisition, construction, improvement or development of real or
personal, movable or immovable, property, in each case Incurred for the purpose of financing, refinancing, renewing, defeasing or refunding all or any part of the purchase price or cost of acquisition, construction, improvement or development of
property used in the business of the Company or such Restricted Subsidiary, provided that after giving effect to any such Incurrence, the aggregate principal amount of all Indebtedness Incurred pursuant to this clause (8), together with any
Refinancing Indebtedness Incurred pursuant to clause (4) in respect of such Indebtedness, and then outstanding does not exceed $35.0 million; and provided further that the principal amount of any Indebtedness Incurred under this clause
(8) did not in each case at the time of Incurrence exceed the Fair Market Value, as determined in accordance with the definition of such term, of such acquired or constructed property or improvement or development; and 

(9) in addition to the items referred to in clauses (1) through (8) above, Indebtedness of the Company and its Restricted
Subsidiaries in an aggregate outstanding principal amount which, when taken together with the principal amount of all other Indebtedness Incurred pursuant to this clause (9) and then outstanding, will not exceed the greater of
$200.0 million or 2.5% of the Company’s Adjusted Consolidated Net Tangible Assets, determined as of the date of Incurrence of such Indebtedness after giving effect to such Incurrence and the application of the proceeds therefrom. 

For purposes of determining compliance with, and the outstanding principal amount of any particular Indebtedness Incurred pursuant to and in
compliance with, this Section 1111: 
 (1) in the event an item of that Indebtedness meets the criteria of more than one
of the types of Indebtedness described in the first and second paragraphs of this Section 1111, the Company, in its sole discretion, will classify such item of Indebtedness on the date of Incurrence and, subject to clause (2) below may
later classify, reclassify or redivide all or a portion of such item of Indebtedness, in any manner that complies with this Section 1111; 

(2) all Indebtedness outstanding on the date of the Indenture under the Senior Secured Credit Agreement shall be deemed
Incurred on the Issue Date under clause (1) of the second paragraph of this Section 1111; 

  
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 (3) Guarantees of, or obligations in respect of letters of credit supporting,
Indebtedness which is otherwise included in the determination of a particular amount of Indebtedness shall not be included; 

(4) if obligations in respect of letters of credit are Incurred pursuant to a Credit Facility and are being treated as Incurred
pursuant to clause (1) of the second paragraph above and the letters of credit relate to other Indebtedness, then such other Indebtedness shall not be included; 

(5) the principal amount of any Disqualified Stock of the Company or a Restricted Subsidiary, or Preferred Stock of a
Restricted Subsidiary that is not a Subsidiary Guarantor, will be equal to the greater of the maximum mandatory redemption or repurchase price (not including, in either case, any redemption or repurchase premium) or the liquidation preference
thereof; 
 (6) Indebtedness permitted by this Section 1111 need not be permitted solely by reference to one provision
permitting such Indebtedness but may be permitted in part by one such provision and in part by one or more other provisions of this Section 1111 permitting such Indebtedness; and 

(7) the amount of Indebtedness issued at a price that is less than the principal amount thereof will be equal to the amount of
the liability in respect thereof determined in accordance with GAAP. 
 Accrual of interest, accrual of dividends, the amortization of debt
discount or the accretion of accreted value, the payment of interest in the form of additional Indebtedness, the payment of dividends in the form of additional shares of Preferred Stock or Disqualified Stock and unrealized losses or charges in
respect of Hedging Obligations (including those resulting from the application of FASB ASC Topic No. 815, Derivatives and Hedging) will not be deemed to be an Incurrence of Indebtedness for purposes of this Section 1111. 

The Company will not permit any of its Unrestricted Subsidiaries to Incur any Indebtedness (including the issue of any Disqualified Stock),
other than Non-Recourse Debt. If at any time an Unrestricted Subsidiary becomes a Restricted Subsidiary, any Indebtedness of such Subsidiary shall be deemed to be Incurred by a Restricted Subsidiary as of such
date (and, if such Indebtedness is not permitted to be Incurred as of such date under this Section 1111, the Company shall be in Default of this Section 1111). 

For purposes of determining compliance with any U.S. dollar-denominated restriction on the Incurrence of Indebtedness, the U.S.
dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was Incurred, in the case of term Indebtedness, or first
committed, in the case of revolving credit Indebtedness; provided that if such Indebtedness is Incurred to refinance other Indebtedness denominated in a foreign currency, and such refinancing would cause the applicable U.S. dollar-denominated
restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such
refinancing Indebtedness does not exceed the principal amount of such Indebtedness being refinanced. Notwithstanding any other provision of this Section 1111, the maximum amount of Indebtedness that any Person may Incur pursuant to this
Section 1111 shall not be deemed to be exceeded solely as a result of fluctuations in the exchange rates of 

  
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currencies. The principal amount of any Indebtedness Incurred to refinance other Indebtedness, if Incurred in a different currency from the Indebtedness being refinanced, shall be calculated
based on the currency exchange rate applicable to the currencies in which such Refinancing Indebtedness is denominated that is in effect on the date of such refinancing. 

Unsecured Indebtedness will not be treated by the Indenture as subordinated or junior to secured Indebtedness merely because it is unsecured,
and senior Indebtedness will not be treated as subordinated or junior to any other senior Indebtedness merely because it has a junior priority with respect to the same collateral. 

Section 1112. Limitation on Restricted Payments. 

The Company will not, and will not permit any of its Restricted Subsidiaries, directly or indirectly, to: 

(1) declare or pay any dividend or make any payment or distribution on or in respect of the Company’s Capital Stock
(including any payment or distribution in connection with any merger or consolidation involving the Company or any of its Restricted Subsidiaries) except: 

(a) dividends or distributions by the Company payable solely in Capital Stock of the Company (other than Disqualified Stock
but including options, warrants or other rights to purchase such Capital Stock of the Company); and 
 (b) dividends or
distributions payable to the Company or a Restricted Subsidiary and if such Restricted Subsidiary is not a Wholly-Owned Subsidiary, to minority stockholders (or owners of an equivalent interest in the case of a Subsidiary that is an entity other
than a corporation) so long as the Company or a Restricted Subsidiary receives at least its pro rata share of such dividend or distribution; 

(2) purchase, repurchase, redeem, defease or otherwise acquire or retire for value any Capital Stock of the Company or any
direct or indirect parent of the Company held by Persons other than the Company or a Restricted Subsidiary (other than in exchange for Capital Stock of the Company (other than Disqualified Stock)); 

(3) purchase, repurchase, redeem, defease or otherwise acquire or retire for value, prior to scheduled maturity, scheduled
repayment or scheduled sinking fund payment, any Subordinated Obligations or Guarantor Subordinated Obligations (other than (x) Indebtedness permitted under clause (3) of the second paragraph of Section 1111 or (y) the purchase,
repurchase, redemption, defeasance or other acquisition or retirement for value of Subordinated Obligations or Guarantor Subordinated Obligations purchased in anticipation of satisfying a sinking fund obligation, principal installment or final
maturity, in each case due within one year of the date of purchase, repurchase, redemption, defeasance or other acquisition or retirement for value); or 

(4) make any Restricted Investment in any Person; 

  
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 (any such dividend, distribution, purchase, redemption, repurchase, defeasance, other acquisition, retirement or
Restricted Investment referred to in clauses (1) through (4) shall be referred to herein as a “Restricted Payment”), if at the time the Company or such Restricted Subsidiary makes such Restricted Payment: 

(a) a Default shall have occurred and be continuing (or would result therefrom); 

(b) the Company is not able to Incur an additional $1.00 of Indebtedness pursuant to the first paragraph of Section 1111
after giving effect, on a pro forma basis, to such Restricted Payment; or 
 (c) the aggregate amount of such Restricted
Payment and all other Restricted Payments declared or made subsequent to the 2009 Issue Date would exceed the sum of: 
 (i)
50% of Consolidated Net Income for the period (treated as one accounting period) from July 1, 2009 to the end of the most recent fiscal quarter ending prior to the date of such Restricted Payment for which internal financial statements are in
existence (or, in case such Consolidated Net Income is a deficit, minus 100% of such deficit); 
 (ii) 100% of the aggregate
Net Cash Proceeds and the Fair Market Value of property or securities other than cash (including Capital Stock of Persons engaged primarily in the Oil and Gas Business or assets used in the Oil and Gas Business), in each case received by the Company
from the issue or sale of its Capital Stock (other than Disqualified Stock) or other capital contributions subsequent to the 2009 Issue Date (other than Net Cash Proceeds received from an issuance or sale of such Capital Stock to
(x) management, employees, directors or any direct or indirect parent of the Company, to the extent such Net Cash Proceeds have been used to make a Restricted Payment pursuant to clause (5)(a) of the next succeeding paragraph, (y) a
Subsidiary of the Company or (z) an employee stock ownership plan, option plan or similar trust (to the extent such sale to an employee stock ownership plan, option plan or similar trust is financed by loans from or Guaranteed by the Company or
any Restricted Subsidiary unless such loans have been repaid with cash on or prior to the date of determination)); 
 (iii)
the amount by which Indebtedness of the Company or its Restricted Subsidiaries is reduced on the Company’s balance sheet upon the conversion or exchange (other than by a Subsidiary of the Company) subsequent to the 2009 Issue Date of any
Indebtedness of the Company or its Restricted Subsidiaries convertible or exchangeable for Capital Stock (other than Disqualified Stock) of the Company (less the amount of any cash, or the Fair Market Value of any other property (other than such
Capital Stock), distributed by the Company upon such conversion or exchange), together with the net proceeds, if any, received by the Company or any of its Restricted Subsidiaries upon such conversion or exchange; and 

(iv) the amount equal to the aggregate net reduction in Restricted Investments made by the Company or any of its Restricted
Subsidiaries in any Person after the 2009 Issue Date resulting from: 

  
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 (A) repurchases, repayments or redemptions of such Restricted Investments by
such Person, proceeds realized upon the sale of such Restricted Investment (other than to a Subsidiary of the Company), repayments of loans or advances or other transfers of assets (including by way of dividend or distribution) by such Person to the
Company or any Restricted Subsidiary; 
 (B) the redesignation of Unrestricted Subsidiaries as Restricted Subsidiaries
(valued in each case as provided in the definition of “Investment”) not to exceed, in the case of any Unrestricted Subsidiary, the amount of Investments previously made by the Company or any Restricted Subsidiary in such Unrestricted
Subsidiary, which amount in each case under this clause (iv) was included in the calculation of the amount of Restricted Payments; provided, however, that no amount will be included under this clause (iv) to the extent it is
already included in Consolidated Net Income; and 
 (C) the sale by the Company or any Restricted Subsidiary (other than to
the Company or a Restricted Subsidiary) of all or a portion of the Capital Stock of an Unrestricted Subsidiary or a distribution from an Unrestricted Subsidiary or a dividend from an Unrestricted Subsidiary (whether any such distribution or dividend
is made with proceeds from the issuance by such Unrestricted Subsidiary of its Capital Stock or otherwise). 
 The provisions of the
preceding paragraph will not prohibit: 
 (1) any Restricted Payment made by exchange for, or out of the proceeds of the
substantially concurrent sale of, Capital Stock of the Company (other than Disqualified Stock and other than Capital Stock issued or sold to a Subsidiary of the Company or an employee stock ownership plan or similar trust to the extent such sale to
an employee stock ownership plan or similar trust is financed by loans from or Guaranteed by the Company or any Restricted Subsidiary unless such loans have been repaid with cash on or prior to the date of determination) or a substantially
concurrent cash capital contribution received by the Company from its shareholders; provided, however, that (a) such Restricted Payment will be excluded from subsequent calculations of the amount of Restricted Payments and
(b) the Net Cash Proceeds from such sale of Capital Stock or capital contribution will be excluded from clause (c)(ii) of the preceding paragraph; 

(2) any purchase, repurchase, redemption, defeasance or other acquisition or retirement for value of Subordinated Obligations
of the Company or Guarantor Subordinated Obligations of any Subsidiary Guarantor made by exchange for, or out of the proceeds of the substantially concurrent sale of, Subordinated Obligations of the Company or any purchase, repurchase, redemption,
defeasance or other acquisition or retirement for value of Guarantor Subordinated Obligations made by exchange for or out of the proceeds of the substantially concurrent sale of Guarantor Subordinated Obligations that, in each case, is permitted to
be Incurred pursuant to Section 1111; provided, however, that such purchase, repurchase, redemption, defeasance, acquisition or retirement for value will be excluded from subsequent calculations of the amount of Restricted
Payments; 

  
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 (3) any purchase, repurchase, redemption, defeasance or other acquisition or
retirement for value of Disqualified Stock of the Company made by exchange for, or out of the proceeds of the substantially concurrent sale of, Disqualified Stock of the Company that, in each case, is permitted to be Incurred pursuant to
Section 1111; provided, however, that such purchase, repurchase, redemption, defeasance, acquisition or retirement for value will be excluded from subsequent calculations of the amount of Restricted Payments; 

(4) dividends paid or distributions made within 60 days after the date of declaration if at such date of declaration such
dividend or distribution would have complied with this Section 1112; provided, however, that such dividends and distributions will be included in subsequent calculations of the amount of Restricted Payments; and provided
further, however, that for purposes of clarification, this clause (4) shall not include cash payments in lieu of the issuance of fractional shares included in clause (9) below; 

(5) so long as no Default has occurred and is continuing, (a) the repurchase or other acquisition of Capital Stock
(including options, warrants, equity appreciation rights or other rights to purchase or acquire Capital Stock) of the Company held by any existing or former employees, management or directors of the Company or any Restricted Subsidiary of the
Company or their assigns, estates or heirs, in each case pursuant to the repurchase or other acquisition provisions under employee stock option or stock purchase plans or agreements or other agreements to compensate management, employees or
directors, in each case approved by the Company’s Board of Directors; provided that such repurchases or other acquisitions pursuant to this subclause (a) during any calendar year will not exceed $2.0 million in the aggregate
(with unused amounts in any calendar year being carried over to succeeding calendar years); provided further that such amount in any calendar year may be increased by an amount not to exceed (A) the cash proceeds received by the Company
from the sale of Capital Stock of the Company to members of management, employees or directors of the Company and its Restricted Subsidiaries that occurs after the 2009 Issue Date (to the extent the cash proceeds from the sale of such Capital Stock
have not otherwise been applied to the payment of Restricted Payments by virtue of the clause (c) of the preceding paragraph), plus (B) the cash proceeds of key man life insurance policies received by the Company and its Restricted
Subsidiaries after the 2009 Issue Date, less (C) the amount of any Restricted Payments made pursuant to clauses (A) and (B) of this clause (5)(a); provided further, however, that the amount of any such repurchase or other
acquisition under this subclause (a) will be excluded in subsequent calculations of the amount of Restricted Payments and the proceeds received from any such transaction will be excluded from clause (c)(ii) of the preceding paragraph; and
(b) loans or advances to employees or directors of the Company or any Subsidiary of the Company, in each case as permitted by Section 402 of the Sarbanes-Oxley Act of 2002, the proceeds of which are used to purchase Capital Stock of the
Company or to refinance loans or advances made pursuant to this clause 5(b), in an aggregate principal amount not in excess of $2.0 million at any one time outstanding; provided, however, that the amount of such loans and advances
will be included in subsequent calculations of the amount of Restricted Payments; 

  
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 (6) purchases, repurchases, redemptions or other acquisitions or retirements for
value of Capital Stock deemed to occur upon the exercise of stock options, warrants, rights to acquire Capital Stock or other convertible securities if such Capital Stock represents a portion of the exercise or exchange price thereof, and any
purchases, repurchases, redemptions or other acquisitions or retirements for value of Capital Stock made in lieu of withholding taxes in connection with any exercise or exchange of warrants, options or rights to acquire Capital Stock;
provided, however, that such acquisitions or retirements will be excluded from subsequent calculations of the amount of Restricted Payments; 

(7) the purchase, repurchase, redemption, defeasance or other acquisition or retirement for value of any Subordinated
Obligation (i) at a purchase price not greater than 101% of the principal amount of such Subordinated Obligation in the event of a Change of Control in accordance with provisions similar to Section 1110 or (ii) at a purchase price not
greater than 100% of the principal amount thereof in accordance with provisions similar to Section 1115; provided that, prior to or simultaneously with such purchase, repurchase, redemption, defeasance or other acquisition or retirement
for value, the Company has made the Change of Control Offer or Asset Disposition Offer, as applicable, as provided in such Section with respect to the Notes and has completed the repurchase or redemption of all Notes validly tendered for payment in
connection with such Change of Control Offer or Asset Disposition Offer; provided, however, that such acquisitions or retirements will be included in subsequent calculations of the amount of Restricted Payments; 

(8) payments or distributions to dissenting stockholders pursuant to applicable law or in connection with the settlement or
other satisfaction of legal claims made pursuant to or in connection with a consolidation, merger or transfer of assets; provided, however, that any payment pursuant to this clause (8) shall be included in the calculation of the
amount of Restricted Payments; 
 (9) cash payments in lieu of the issuance of fractional shares; provided,
however, that any payment pursuant to this clause (9) shall be excluded in the calculation of the amount of Restricted Payments; 

(10) the declaration and payment of scheduled or accrued dividends to holders of any class of or series of Disqualified Stock
of the Company issued on or after the 2009 Issue Date in accordance with Section 1111, to the extent such dividends are included in Consolidated Interest Expense; provided, however, that any payment pursuant to this clause
(10) shall be excluded in the calculation of the amount of Restricted Payments; and 
 (11) Restricted Payments in an
amount not to exceed $30.0 million in the aggregate since the 2009 Issue Date; provided, however, that the amount of such Restricted Payments will be included in subsequent calculations of the amount of Restricted Payments. 

  
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 The amount of all Restricted Payments (other than cash) shall be the Fair Market Value on the
date that asset(s) or securities are proposed to be paid, transferred or issued by the Company or such Restricted Subsidiary, as the case may be, pursuant to such Restricted Payment, except that the Fair Market Value of any non-cash dividend or distribution made within 60 days after the date of declaration shall be determined as of such date. The Fair Market Value of any cash Restricted Payment shall be its face amount, and the Fair
Market Value of any non-cash Restricted Payment shall be determined in accordance with the definition of that term. Not later than the date of making any Restricted Payment in excess of $15.0 million that
will be included in subsequent calculations of the amount of Restricted Payments, the Company shall deliver to the Trustee an Officers’ Certificate stating that such Restricted Payment is permitted and setting forth the basis upon which the
calculations required by this covenant were computed. 
 In the event that a Restricted Payment meets the criteria of more than one of the
exceptions described in (1) through (11) above or is entitled to be made pursuant to the first paragraph above, the Company shall, in its sole discretion, classify such Restricted Payment. 

The Company will not permit any Unrestricted Subsidiary to become a Restricted Subsidiary except pursuant to the last sentence of the
definition of “Unrestricted Subsidiary.” For purpose of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding Investments by the Company and its Restricted Subsidiaries (except to the extent repaid) in the
Subsidiary so designated will be deemed to be Restricted Payments in an amount determined as set forth in the last sentence of the definition of “Investment.” Such designation will be permitted only if a Restricted Payment in such amount
would be permitted at such time, whether pursuant to the first paragraph of this Section 1112 or under clause (11) of the second paragraph of this Section 1112, or pursuant to the definition of “Permitted Investments,” and
if such Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. 
 Section 1113. Limitation on Liens. 

The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create, Incur or suffer to exist any
Lien (the “Initial Lien”) other than Permitted Liens upon any of its property or assets (including Capital Stock of Restricted Subsidiaries), including any income or profits therefrom, whether owned on the date of the Indenture or acquired
after that date, which Lien is securing any Indebtedness, unless contemporaneously with the Incurrence of such Lien effective provision is made to secure the Indebtedness due under the Notes or, in respect of Liens on any Restricted
Subsidiary’s property or assets, any Subsidiary Guarantee of such Restricted Subsidiary, equally and ratably with (or senior in priority to in the case of Liens with respect to Subordinated Obligations or Guarantor Subordinated Obligations, as
the case may be) the Indebtedness secured by such Lien for so long as such Indebtedness is so secured. 
 Any Lien created for the benefit
of the Holders of the Notes pursuant to the preceding paragraph shall provide by its terms that such Lien shall be automatically and unconditionally released and discharged upon the release and discharge of the Initial Lien. 

Section 1114. Limitation on Restrictions on Distributions from Restricted Subsidiaries. 

The Company will not, and will not permit any Restricted Subsidiary to, create or otherwise cause or permit to exist or become effective any
consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to: 

  
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 (1) pay dividends or make any other distributions on its Capital Stock or pay any
Indebtedness or other obligations owed to the Company or any Restricted Subsidiary (it being understood that the priority of any Preferred Stock in receiving dividends or liquidating distributions prior to dividends or liquidating distributions
being paid on Common Stock shall not be deemed a restriction on the ability to make distributions on Capital Stock); 
 (2)
make any loans or advances to the Company or any Restricted Subsidiary (it being understood that the subordination of loans or advances made to the Company or any Restricted Subsidiary to other Indebtedness Incurred by the Company or any Restricted
Subsidiary shall not be deemed a restriction on the ability to make loans or advances); or 
 (3) sell, lease or transfer any
of its property or assets to the Company or any Restricted Subsidiary. 
 The preceding provisions will not prohibit: 

(1) any encumbrance or restriction pursuant to or by reason of an agreement in effect at or entered into on the Issue Date,
including, without limitation, the Indenture as in effect on such date; 
 (2) any encumbrance or restriction with respect
to a Person pursuant to or by reason of an agreement relating to any Capital Stock or Indebtedness Incurred by a Person on or before the date on which such Person was acquired by the Company or another Restricted Subsidiary (other than Capital Stock
or Indebtedness Incurred as consideration in, or to provide all or any portion of the funds utilized to consummate, the transaction or series of related transactions pursuant to which such Person was acquired by the Company or a Restricted
Subsidiary or in contemplation of the transaction) and outstanding on such date; provided that any such encumbrance or restriction shall not extend to any assets or property of the Company or any other Restricted Subsidiary other than the
assets and property so acquired; 
 (3) encumbrances and restrictions contained in contracts entered into in the ordinary
course of business, not relating to any Indebtedness, and that do not, individually or in the aggregate, detract from the value of, or from the ability of the Company and the Restricted Subsidiaries to realize the value of, property or assets of the
Company or any Restricted Subsidiary in any manner material to the Company or any Restricted Subsidiary; 
 (4) any
encumbrance or restriction with respect to an Unrestricted Subsidiary pursuant to or by reason of an agreement that the Unrestricted Subsidiary is a party to entered into before the date on which such Unrestricted Subsidiary became a Restricted
Subsidiary; provided that such agreement was not entered into in anticipation of the Unrestricted Subsidiary becoming a Restricted Subsidiary and any such encumbrance or restriction shall not extend to any assets or property of the Company or
any other Restricted Subsidiary other than the assets and property so acquired; 

  
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 (5) with respect to any Foreign Subsidiary, any encumbrance or restriction
contained in the terms of any Indebtedness or any agreement pursuant to which such Indebtedness was Incurred if either (1) the encumbrance or restriction applies only in the event of a payment default or a default with respect to a financial
covenant in such Indebtedness or agreement or (2) the Company determines that any such encumbrance or restriction will not materially affect the Company’s ability to make principal or interest payments on the Notes, as determined in good
faith by the Board of Directors of the Company, whose determination shall be conclusive; 
 (6) any encumbrance or
restriction with respect to a Restricted Subsidiary pursuant to an agreement effecting a refunding, replacement or refinancing of Indebtedness Incurred pursuant to an agreement referred to in clauses (1) through (5) or clause (12) of this
paragraph or this clause (6) or contained in any amendment, restatement, modification, renewal, supplemental, refunding, replacement or refinancing of an agreement referred to in clauses (1) through (5) or clause (12) of this
paragraph or this clause (6); provided that the encumbrances and restrictions with respect to such Restricted Subsidiary contained in any such agreement taken as a whole are no less favorable in any material respect to the Holders of the
Notes than the encumbrances and restrictions contained in the agreements governing the Indebtedness being refunded, replaced or refinanced; 

(7) in the case of clause (3) of the first paragraph of this Section 1114, any encumbrance or restriction: 

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

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

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

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

  
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 (f) provisions with respect to the disposition or distribution of assets or
property in operating agreements, joint venture agreements, development agreements, area of mutual interest agreements and other agreements that are customary in the Oil and Gas Business and entered into in the ordinary course of business; 

(8) any encumbrance or restriction contained in (a) purchase money obligations for property acquired in the ordinary
course of business and (b) Capitalized Lease Obligations permitted under the Indenture, in each case, that impose encumbrances or restrictions of the nature described in clause (3) of the first paragraph of this Section 1114 on the
property so acquired; 
 (9) any encumbrance or restriction with respect to a Restricted Subsidiary (or any of its property
or assets) imposed pursuant to an agreement entered into for the direct or indirect sale or disposition of all or a portion of the Capital Stock or assets of such Restricted Subsidiary (or the property or assets that are subject to such restriction)
pending the closing of such sale or disposition; 
 (10) any customary encumbrances or restrictions imposed pursuant to any
agreement of the type described in the definition of “Permitted Business Investment”; 
 (11) encumbrances or
restrictions arising or existing by reason of applicable law or any applicable rule, regulation or order; 
 (12)
encumbrances or restrictions contained in agreements governing Indebtedness of the Company or any of its Restricted Subsidiaries permitted to be Incurred pursuant to an agreement entered into subsequent to the Issue Date in accordance with
Section 1111; provided that the provisions relating to such encumbrance or restriction contained in such Indebtedness are not materially less favorable to the Company taken as a whole, as determined by the Board of Directors of the
Company in good faith, than the provisions contained in the Senior Secured Credit Agreement and in the Indenture as in effect on the Issue Date; 

(13) the issuance of Preferred Stock by a Restricted Subsidiary or the payment of dividends thereon in accordance with the
terms thereof; provided that issuance of such Preferred Stock is permitted pursuant to Section 1111 and the terms of such Preferred Stock do not expressly restrict the ability of a Restricted Subsidiary to pay dividends or make any other
distributions on its Capital Stock (other than requirements to pay dividends or liquidation preferences on such Preferred Stock prior to paying any dividends or making any other distributions on such other Capital Stock); 

(14) supermajority voting requirements existing under corporate charters, by-laws,
stockholders agreements and similar documents and agreements; 

  
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 (15) restrictions on cash or other deposits or net worth imposed by customers
under contracts entered into in the ordinary course of business; and 
 (16) any encumbrance or restriction contained in the
Senior Secured Credit Agreement as in effect as of the Issue Date, and in any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings thereof; provided that such amendments,
modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are no more restrictive with respect to such dividend and other payment restrictions than those contained in the Senior Secured Credit Agreement
as in effect on the Issue Date. 
 Section 1115. Limitation on Sales of Assets and Subsidiary Stock. 

The Company will not, and will not permit any of its Restricted Subsidiaries to, make any Asset Disposition unless: 

(1) the Company or such Restricted Subsidiary, as the case may be, receives consideration at the time of such Asset
Disposition at least equal to the Fair Market Value (such Fair Market Value to be determined on the date of contractually agreeing to such Asset Disposition) of the shares or other assets subject to such Asset Disposition; 

(2) at least 75% of the aggregate consideration received by the Company or such Restricted Subsidiary, as the case may be,
from such Asset Disposition and all other Asset Dispositions since the Issue Date, on a cumulative basis, is in the form of cash or Cash Equivalents or Additional Assets, or any combination thereof; and 

(3) except as provided in the next paragraph, an amount equal to 100% of the Net Available Cash from such Asset Disposition is
applied, within 365 days from the later of the date of such Asset Disposition or the receipt of such Net Available Cash, by the Company or such Restricted Subsidiary, as the case may be: 

(a) to prepay, repay, redeem or purchase Pari Passu Indebtedness of the Company (including the Notes) or a Subsidiary
Guarantor or any Indebtedness (other than Disqualified Stock) of a Restricted Subsidiary that is not a Subsidiary Guarantor (in each case, excluding Indebtedness owed to the Company or an Affiliate of the Company); provided, however,
that, in connection with any prepayment, repayment, redemption or purchase of Indebtedness pursuant to this clause (a), the Company or such Restricted Subsidiary will retire such Indebtedness and will cause the related commitment (if any) to be
permanently reduced in an amount equal to the principal amount so prepaid, repaid, redeemed or purchased; or 
 (b) to
invest in Additional Assets; 

  
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 provided that pending the final application of any such Net Available Cash in accordance with clause
(a) or (b) of this Section 1115, the Company and its Restricted Subsidiaries may temporarily reduce Indebtedness or otherwise invest such Net Available Cash in any manner not prohibited by the Indenture. 

Any Net Available Cash from Asset Dispositions that is not applied or invested as provided in the preceding paragraph will be deemed to
constitute “Excess Proceeds.” Not later than the 366th day from the later of the date of such Asset Disposition or the receipt of such Net Available Cash, if the aggregate amount of
Excess Proceeds exceeds $20.0 million, the Company will make an offer (“Asset Disposition Offer”) to all Holders of Notes and, to the extent required by the terms of other Pari Passu Indebtedness, to all holders of other Pari Passu
Indebtedness outstanding with similar provisions requiring the Company to make an offer to purchase such Pari Passu Indebtedness with the proceeds from any Asset Disposition (“Pari Passu Notes”) to purchase the maximum principal amount of
Notes and any such Pari Passu Notes to which the Asset Disposition Offer applies that may be purchased out of the Excess Proceeds, at an offer price in cash in an amount equal to 100% of the principal amount (or, in the event such Pari Passu
Indebtedness was issued with significant original issue discount, 100% of the accreted value thereof) of the Notes and Pari Passu Notes plus accrued and unpaid interest, if any (or in respect of such Pari Passu Indebtedness, such lesser price, if
any, as may be provided for by the terms of such Indebtedness), to the date of purchase (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date), in accordance with the
procedures set forth in this Section 1115 or the agreements governing the Pari Passu Notes, as applicable, in each case in minimum principal amount of $2,000 and integral multiples of $1,000 in excess of $2,000. If the aggregate principal
amount of Notes surrendered by Holders thereof and other Pari Passu Notes surrendered by holders or lenders, collectively, exceeds the amount of Excess Proceeds, the Trustee shall select the Notes to be purchased on a pro rata basis on the basis of
the aggregate principal amount of tendered Notes and Pari Passu Notes. To the extent that the aggregate principal amount of Notes and Pari Passu Notes so validly tendered and not properly withdrawn pursuant to an Asset Disposition Offer is less than
the Excess Proceeds, the Company or any Restricted Subsidiary may use any remaining Excess Proceeds for general corporate purposes, subject to the other Sections of this Article Eleven. Upon completion of such Asset Disposition Offer, the amount of
Excess Proceeds shall be reset at zero. 
 The Asset Disposition Offer will remain open for a period of 20 Business Days following its
commencement, except to the extent that a longer period is required by applicable law (the “Asset Disposition Offer Period”). No later than five Business Days after the termination of the Asset Disposition Offer Period (the “Asset
Disposition Purchase Date”), the Company will purchase the principal amount of Notes and Pari Passu Notes required to be purchased pursuant to this Section 1115 (the “Asset Disposition Offer Amount”) or, if less than the Asset
Disposition Offer Amount has been so validly tendered and not properly withdrawn, all Notes and Pari Passu Notes validly tendered and not properly withdrawn in response to the Asset Disposition Offer. 

If the Asset Disposition Purchase Date is on or after an interest record date and on or before the related Interest Payment Date, any accrued
and unpaid interest, if any, will be paid to the Person in whose name a Note is registered at the close of business on such record date, and no further interest will be payable to Holders who tender Notes pursuant to the Asset Disposition Offer.

 On or before the Asset Disposition Purchase Date, the Company will, to the extent lawful, accept for payment, on a pro rata basis to the
extent necessary, the Asset Disposition Offer Amount of Notes and Pari Passu Notes or portions of Notes and Pari Passu Notes so validly tendered and not properly withdrawn pursuant to the Asset Disposition Offer, or if less than the Asset
Disposition Offer Amount has been validly tendered and not properly withdrawn, all Notes and Pari Passu Notes so validly tendered and 

  
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not properly withdrawn, in each case in minimum principal amount of $2,000 and integral multiples of $1,000 in excess of $2,000. The Company will deliver to the Trustee an Officers’
Certificate stating that such Notes or portions thereof were accepted for payment by the Company in accordance with the terms of this Section 1115 and, in addition, the Company will deliver all certificates and notes required, if any, by the
agreements governing the Pari Passu Notes. The Company or the paying agent, as the case may be, will promptly (but in any case not later than five Business Days after the termination of the Asset Disposition Offer Period) mail or deliver to each
tendering Holder of Notes or holder or lender of Pari Passu Notes, as the case may be, an amount equal to the purchase price of the Notes or Pari Passu Notes so validly tendered and not properly withdrawn by such Holder of Notes or holder or lender,
as the case may be, and accepted by the Company for purchase, and the Company will promptly issue a new Note, and the Trustee, upon delivery of a Company Order , will authenticate and mail or deliver such new Note to such Holder, in a principal
amount equal to any unpurchased portion of the Note surrendered; provided that each such new Note will be in a minimum principal amount of $2,000 or an integral multiple of $1,000 in excess of $2,000. In addition, the Company will take any
and all other actions required by the agreements governing the Pari Passu Notes. Any Note not so accepted will be promptly mailed or delivered by the Company to the Holder thereof. The Company will publicly announce the results of the Asset
Disposition Offer on the Asset Disposition Purchase Date. 
 The Company will comply, to the extent applicable, with the requirements of
Rule 14e-1 of the Exchange Act and any other securities laws or regulations in connection with the repurchase of Notes pursuant to an Asset Disposition Offer. To the extent that the provisions of any
securities laws or regulations conflict with provisions of this Section 1115, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the Indenture by virtue of
its compliance with such securities laws or regulations. 
 For the purposes of clause (2) of the first paragraph of this
Section 1115, the following will be deemed to be cash: 
 (1) the assumption by the transferee of Indebtedness (other
than Subordinated Obligations or Disqualified Stock) of the Company or Indebtedness of a Restricted Subsidiary (other than Guarantor Subordinated Obligations or Disqualified Stock of any Restricted Subsidiary that is a Subsidiary Guarantor) and the
release of the Company or such Restricted Subsidiary from all liability on such Indebtedness in connection with such Asset Disposition, in which case the Company will, without further action, be deemed to have applied such deemed cash to
Indebtedness in accordance with clause (3)(a) of the first paragraph of this Section 1115; 
 (2) with respect to any
Asset Disposition of oil and gas properties by the Company or any Restricted Subsidiary where the Company or such Restricted Subsidiary retains an interest in such properties, the costs and expenses related to the exploration, development,
completion or production of such properties and activities related thereto that the transferee (or an Affiliate thereof) has agreed to pay; and 

(3) securities, notes or other obligations received by the Company or any Restricted Subsidiary from the transferee that are
converted by the Company or such Restricted Subsidiary into cash within 180 days after receipt thereof. 
 Notwithstanding the foregoing,
the 75% limitation referred to in clause (2) of the first paragraph of this Section 1115 shall be deemed satisfied with respect to any Asset Disposition in which the cash or Cash Equivalents portion of the consideration received therefrom,
determined in accordance with the foregoing provision on an after-tax basis, is equal to or greater than what the after-tax proceeds would have been had such Asset
Disposition complied with the aforementioned 75% limitation. 

  
 89 

 The requirement of clause (3)(b) of the first paragraph of this Section 1115 above shall be
deemed to be satisfied if an agreement (including a lease, whether a capital lease or an operating lease) committing to make the acquisitions or expenditures referred to therein is entered into by the Company or its Restricted Subsidiary within the
specified time period and such Net Available Cash is subsequently applied in accordance with such agreement within six months following such agreement. 

The Company will not, and will not permit any Restricted Subsidiary to, engage in any Asset Swaps, unless: 

(1) at the time of entering into such Asset Swap and immediately after giving effect to such Asset Swap, no Default or Event of
Default shall have occurred and be continuing or would occur as a consequence thereof; and 
 (2) in the event such Asset
Swap involves the transfer by the Company or any Restricted Subsidiary of assets having an aggregate Fair Market Value in excess of $50.0 million, the terms of such Asset Swap have been approved by a majority of the members of the Board of
Directors of the Company. 
 Section 1116. Limitation on Affiliate Transactions. 

The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into, make, amend or conduct
any transaction (including making a payment to, the purchase, sale, lease or exchange of any property or the rendering of any service), contract, agreement or understanding with or for the benefit of any Affiliate of the Company involving aggregate
consideration in excess of $5.0 million (an “Affiliate Transaction”) unless: 
 (1) the terms of such
Affiliate Transaction are not materially less favorable to the Company or such Restricted Subsidiary, as the case may be, than those that could reasonably be expected to be obtained in a comparable transaction at the time of such transaction in arm’s-length dealings with a Person who is not such an Affiliate; and 
 (2) either:
(a) if such Affiliate Transaction involves an aggregate consideration in excess of $20.0 million but not greater than $50.0 million, the Company delivers to the Trustee an Officers’ Certificate certifying that such Affiliate
Transaction satisfies the criteria in clause (1) above, or (b) if such Affiliate Transaction involves an aggregate consideration in excess of $50.0 million, the Company delivers to the Trustee an Officers’ Certificate certifying
that such Affiliate Transaction satisfies the criteria in clause (1) above and that the terms of such transaction have been approved by a majority of the members of the Board of Directors of the Company having no personal stake in such
transaction. 

  
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 The preceding paragraph will not apply to: 

(1) any Restricted Payment permitted to be made pursuant to Section 1112 or any Permitted Investment; 

(2) any issuance of Capital Stock (other than Disqualified Stock), or other payments, awards or grants in cash, Capital Stock
(other than Disqualified Stock) or otherwise pursuant to, or the funding of, employment or severance agreements and other compensation arrangements, options to purchase Capital Stock (other than Disqualified Stock) of the Company, restricted stock
plans, long-term incentive plans, stock appreciation rights plans, participation plans or similar employee benefits plans and/or insurance and indemnification arrangements provided to or for the benefit of directors and employees approved by the
Board of Directors of the Company; 
 (3) loans or advances to employees, officers or directors in the ordinary course of
business of the Company or any of its Restricted Subsidiaries; 
 (4) advances to or reimbursements of employees for moving,
entertainment and travel expenses, drawing accounts and similar expenditures in the ordinary course of business of the Company or any of its Restricted Subsidiaries; 

(5) any transaction between the Company and a Restricted Subsidiary or between Restricted Subsidiaries, and Guarantees issued
by the Company or a Restricted Subsidiary for the benefit of the Company or a Restricted Subsidiary, as the case may be, in accordance with Section 1111; 

(6) any transaction with a joint venture or similar entity which would constitute an Affiliate Transaction solely because the
Company or a Restricted Subsidiary owns, directly or indirectly, an Equity Interest in or otherwise controls such joint venture or similar entity; 

(7) the issuance or sale of any Capital Stock (other than Disqualified Stock) of the Company to, or the receipt by the Company
of any capital contribution from, its shareholders; 
 (8) indemnities of officers, directors and employees of the Company
or any of its Restricted Subsidiaries permitted by bylaw or statutory provisions and any employment agreement or other employee compensation plan or arrangement entered into in the ordinary course of business by the Company or any of its Restricted
Subsidiaries; 
 (9) the payment of reasonable compensation and fees paid to, and indemnity provided on behalf of, officers
or directors of the Company or any Restricted Subsidiary; 
 (10) the performance of obligations of the Company or any of
its Restricted Subsidiaries under the terms of any agreement to which the Company or any of its Restricted Subsidiaries is a party as of or on the Issue Date, as these agreements may be amended, modified, supplemented, extended or renewed from time
to time; provided, however, that any future amendment, modification, supplement, extension or renewal entered into after the Issue Date will be permitted only to the extent that its terms are not materially more disadvantageous, taken
as a whole, to the Holders of the Notes than the terms of the agreements in effect on the Issue Date; 

  
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 (11) transactions with customers, clients, suppliers, or purchasers or sellers
of goods or services, in each case in the ordinary course of business and otherwise in compliance with the terms of the Indenture, provided that in the reasonable determination of the Board of Directors of the Company or the senior management
of the Company, such transactions are on terms not materially less favorable to the Company or the relevant Restricted Subsidiary than those that could reasonably be expected to be obtained in a comparable transaction at such time on an arm’s-length basis from a Person that is not an Affiliate of the Company; 
 (12)
payments to an Affiliate in respect of the Notes or any other Indebtedness of the Company or its Restricted Subsidiaries on the same basis as concurrent payments are made, or offered to be made, in respect thereof to
non-Affiliates; 
 (13) transactions with a Person (other than an Unrestricted
Subsidiary) that is an Affiliate of the Company solely because the Company owns, directly or through a Restricted Subsidiary, an Equity Interest in such Person; and 

(14) transactions between the Company or any Restricted Subsidiary and any Person, a director of which is also a director of
the Company or any direct or indirect parent company of the Company and such director is the sole cause for such Person to be deemed an Affiliate of the Company or any Restricted Subsidiary; provided, however, that such director shall
abstain from voting as a director of the Company or such direct or indirect parent company, as the case may be, on any matter involving such other Person. 

Section 1117. Future Subsidiary Guarantors. 

The Company will cause each Wholly-Owned Subsidiary of the Company (other than a Foreign Subsidiary) that is not already a Subsidiary
Guarantor that Guarantees any Indebtedness of the Company or a Subsidiary Guarantor, in each case to execute and deliver to the Trustee within 30 days a supplemental indenture (in substantially the form specified in Annex C to this Supplemental
Indenture) pursuant to which such Subsidiary will unconditionally Guarantee, on a joint and several basis, the full and prompt payment of the principal of, premium, if any, and interest on the Notes on a senior basis; provided that any
Restricted Subsidiary that constitutes an Immaterial Subsidiary need not become a Subsidiary Guarantor until such time as it ceases to be an Immaterial Subsidiary. 

Section 1118. [Reserved]. 
 Section 1119.
Covenant Termination. 
 From and after the occurrence of an Investment Grade Rating Event, the Company and its Restricted
Subsidiaries will no longer be subject to the provisions of the Indenture described above in Sections 901(3), 1111, 1112, 1114, 1115 and 1116. 

After the foregoing covenants have been terminated, the Company may not designate any of its Subsidiaries as Unrestricted Subsidiaries
pursuant to the second sentence of the definition of “Unrestricted Subsidiary.” 

  
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 The Trustee will have no obligation to (i) independently determine or verify if the
conditions for the termination of the covenants pursuant to this Section 1119 have occurred or (ii) notify the Holders of the occurrence of such termination. 

ARTICLE TWELVE 

REDEMPTION OF NOTES 
 Section 1201.
Applicability of Article. 
 The Notes shall be redeemable at the election of the Company in accordance with their terms and in
accordance with this Article. 
 Section 1202. Election to Redeem; Notice to Trustee. 

In case of any redemption of less than all Notes, the Company shall, at least 60 days prior to the Redemption Date fixed by the Company
(unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the principal amount of Notes to be redeemed. In the case of any redemption of Notes prior to the expiration of any restriction on such
redemption provided in the terms of such Notes or elsewhere in the Indenture, the Company shall furnish the Trustee, prior to giving notice of such redemption, with an Officers’ Certificate evidencing compliance with such restriction. 

Section 1203. Optional Redemption. 

(a) On and after January 15, 2020, the Company may redeem all or, from time to time, a part of the Notes at the following Redemption
Prices (expressed as a percentage of principal amount of the Notes) plus accrued and unpaid interest on the Notes, if any, to the applicable Redemption Date (subject to the right of holders of record on the relevant record date to receive interest
due on the relevant Interest Payment Date), if redeemed during the twelve-month period beginning on January 15 of the years indicated below: 
  

					
	 Year
	  	Percentage	 
	 2020
	  	 	103.281	% 
	 2021
	  	 	102.188	% 
	 2022
	  	 	101.094	% 
	 2023 and thereafter
	  	 	100.000	% 

 (b) Prior to January 15, 2020, the Company may, at its option, on any one or more occasions redeem up to
35% of the aggregate principal amount of the Notes (including any Additional Notes) issued under the Indenture in an amount not greater than the Net Cash Proceeds of one or more Equity Offerings at a Redemption Price of 104.375% of the principal
amount thereof, plus accrued and unpaid interest, if any, to the Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date); provided that 

(1) at least 65% of the original principal amount of the Notes issued on the Issue Date remains outstanding after each such
redemption; and 

  
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 (2) the redemption occurs within 180 days after the closing of the related
Equity Offering. 
 (c) In addition, the Notes may be redeemed, in whole or in part, at any time prior to January 15, 2020 at the option
of the Company, at a Redemption Price equal to 100% of the principal amount of the Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest to, the applicable Redemption Date (subject to the right of holders of record on the
relevant record date to receive interest due on the relevant Interest Payment Date). 
 (d) The Notes may be redeemed, as a whole, following
certain Change of Control Offers or Alternate Offers pursuant to Section 1110, at the Redemption Price and subject to the conditions set forth in such Section. 

Section 1204. Selection by Trustee of Notes to Be Redeemed. 

If less than all the Notes are to be redeemed, the particular Notes to be redeemed shall be selected by the Trustee, from the Outstanding
Notes not previously called for redemption, in compliance with the requirements of the principal national securities exchange, if any, on which the Notes are listed or, if the Notes are not listed, then on a pro rata basis (or, in the case of Global
Notes, the Trustee will select Notes for redemption based on DTC’s method that most nearly approximates a pro rata selection), by lot or by such other method as the Trustee, in its sole discretion, shall deem fair and appropriate and which may
provide for the selection for redemption of a portion of the principal amount of any Notes, provided that the unredeemed portion of the principal amount of any Note shall be in an authorized denomination (which shall not be less than the
minimum authorized denomination) for such Note. 
 For all purposes of the Indenture, unless the context otherwise requires, all provisions
relating to the redemption of Notes shall relate, in the case of any Notes redeemed or to be redeemed only in part, to the portion of the principal amount of such Notes which has been or is to be redeemed. 

Section 1205. Notice of Redemption. 

Notice of redemption shall be mailed by first-class mail (or sent electronically, if DTC is the recipient), postage prepaid, at least 30 but
not more than 60 days prior to the Redemption Date, to each Holder of Notes to be redeemed, at its address appearing in the Security Register, except that redemption notices may be sent more than 60 days prior to a Redemption Date if the notice is
issued in connection with a Defeasance or Covenant Defeasance of the Notes or a satisfaction and discharge of the Indenture pursuant to Article Five. 

All notices of redemption shall state:     

(1) the Redemption Date, 

(2) the Redemption Price, if then determined and otherwise the basis for its determination, 

(3) if less than all the Outstanding Notes are to be redeemed, the identification (and, in the case of partial redemption of
any such Notes, the principal amounts) of the particular Notes to be redeemed, 

  
 94 

 (4) that on the Redemption Date the Redemption Price will become due and payable
upon each such Note be redeemed and that interest thereon will cease to accrue on and after said date, 
 (5) the place or
places where each such Note is to be surrendered for payment of the Redemption Price, 
 (6) the CUSIP/ISIN numbers of the
Notes; and 
 (7) any conditions precedent for the redemption or notice of redemption. 

Notice of redemption of Notes to be redeemed at the election of the Company shall be given by the Company or, at the Company’s request,
by the Trustee in the name and at the expense of the Company and shall be irrevocable. Any redemption or notice of redemption may, at the Company’s discretion, be subject to one or more conditions precedent and, in the case of a redemption with
the Net Cash Proceeds of an Equity Offering, be given prior to the completion of the related Equity Offering. 
 Section 1206. Deposit of Redemption
Price. 
 Prior to 11:00 a.m., New York City time, on any Redemption Date, the Company shall deposit with the Trustee or with a Paying
Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 1103) an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment
Date) accrued interest on, all the Notes which are to be redeemed on that date. 
 Section 1207. Notes Payable on Redemption Date. 

Notice of redemption having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, become due and payable at the
Redemption Price therein specified (unless any condition of such notice or redemption has not been satisfied), and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Notes
shall cease to bear interest. Upon surrender of any such Notes for redemption in accordance with said notice, such Notes shall be paid by the Company at the Redemption Price, together with accrued interest to the Redemption Date; provided,
however, that installments of interest whose Stated Maturity is on or prior to the Redemption Date will be payable to the Holders of such Notes, or one or more Predecessor Notes, registered as such at the close of business on the relevant
record dates according to their terms and the provisions of Section 407. 
 If any Note called for redemption shall not be so paid upon
surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Note. 

Section 1208. Notes Redeemed in Part. 

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

  
 95 

 ARTICLE THIRTEEN 

[INTENTIONALLY DELETED] 

ARTICLE FOURTEEN 

DEFEASANCE AND COVENANT DEFEASANCE 

Section 1401. Company’s Option to Effect Defeasance or Covenant Defeasance. 

The Company may elect, at its option at any time, to have Section 1402 or Section 1403 applied to the Notes, upon compliance with
the conditions set forth below in this Article. Any such election shall be evidenced in or pursuant to a Board Resolution delivered to the Trustee. 

Section 1402. Defeasance and Discharge. 

Upon the Company’s exercise of its option to have this Section applied to the Notes, the Company shall be deemed to have been discharged
from its obligations with respect to such Notes as provided in this Section on and after the date the conditions set forth in Section 1404 are satisfied (hereinafter called “Defeasance”). For this purpose, such Defeasance means that
the Company shall be deemed to have paid and discharged the entire indebtedness represented by such Notes and to have satisfied all its other obligations under such Notes and the Indenture insofar as the Notes are concerned (and the Trustee, at the
expense of the Company, shall execute proper instruments acknowledging the same), subject to the following, which shall survive until otherwise terminated or discharged hereunder: (1) the rights of Holders of such Notes to receive, solely from
the trust fund described in Section 1404 and as more fully set forth in such Section, payments in respect of the principal of and any premium and interest on such Notes when payments are due, (2) the Company’s obligations with respect
to such Notes under Sections 404, 405, 406, 1102, 1103 and 1104(a) and its obligations under Section 314(a) of the Trust Indenture Act, (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder and (4) this Article. If
the Company exercises its defeasance option pursuant to this Section 1402, the Subsidiary Guarantees will terminate with respect to the Notes, and payment of the Notes may not be accelerated pursuant to Section 602 because of an Event of
Default. Subject to compliance with this Article, the Company may exercise its option (if any) to have this Section applied to any Notes notwithstanding the prior exercise of its option (if any) to have Section 1403 applied to such Notes. 

Section 1403. Covenant Defeasance. 

Upon the Company’s exercise of its option to have this Section applied to the Notes, (1) the Company shall be released from its
obligations under Section 901(3), Section 1107, Sections 1110 through 1117, inclusive; (2) the occurrence of any event specified in Sections 601(3) (with respect only to the obligation under Section 901(3)), 601(4), 601(5),
601(6), 601(7) (with respect only to Significant Subsidiaries) or (8) (with respect only to Significant Subsidiaries), 601(9) and 601(10) shall be deemed not to be or to result in an Event of Default, and (3) the Subsidiary Guarantees shall be
automatically released, in each case with respect to such Notes as provided in this Section on and after the date the conditions set forth in Section 1404 are satisfied (hereinafter called “Covenant Defeasance”). For this purpose,
such Covenant Defeasance means that, with respect to such Notes, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such specified Section, whether directly or indirectly
by reason of any reference elsewhere herein to any such Section or Article or by reason of any reference in any such Section or Article to any other provision herein or in any other document, but the remainder of the Indenture and such Notes shall
be unaffected thereby. 

  
 96 

 Section 1404. Conditions to Defeasance or Covenant Defeasance. 

The following shall be the conditions to the application of Section 1402 or Section 1403 to any Notes: 

(1) The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee which
satisfies the requirements contemplated by Section 709 and agrees to comply with the provisions of this Article applicable to it) as trust funds in trust for the purpose of making the following payments and specifically dedicated solely to the
benefit of the Holders of such Notes, (A) money in an amount, or (B) U.S. Government Obligations which through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than
one day before the due date of any payment, money in an amount, or (C) a combination thereof, in each case sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof
delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or any such other qualifying trustee) to pay and discharge, the principal of and any premium and interest on such Notes on the Stated Maturities or Redemption
Date, as applicable, in accordance with the terms of the Indenture and such Notes. 
 (2) In the event of an election to
have Section 1402 apply to any Notes, the Company shall have delivered to the Trustee an Opinion of Counsel stating that (A) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or
(B) since the date of this Supplemental Indenture, there has been a change in the applicable Federal income tax law, in either case (A) or (B) to the effect that, and based thereon such opinion shall confirm that, the Holders of such Notes
will not recognize income, gain or loss for Federal income tax purposes as a result of the deposit, Defeasance and discharge to be effected with respect to such Notes and will be subject to Federal income tax on the same amount, in the same manner
and at the same times as would be the case if such deposit, Defeasance and discharge were not to occur. 
 (3) In the event
of an election to have Section 1403 apply to any Notes, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Notes will not recognize income, gain or loss for Federal income tax purposes
as a result of the deposit and Covenant Defeasance to be effected with respect to such Notes and will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit and Covenant
Defeasance were not to occur. 
 (4) The Company shall have delivered to the Trustee an Officers’ Certificate to the
effect that the Notes, if then listed on any securities exchange, will not be delisted as a result of such deposit. 

  
 97 

 (5) No Default with respect to such Notes shall have occurred and be continuing
at the time of such deposit or, with regard to any such event specified in Sections 601(7) and (8), at any time on or prior to the 121st day after the date of such deposit (it being understood that this condition shall not be deemed satisfied until
after such 121st day), other than a Default resulting from the borrowing of funds to be applied to such deposit. 
 (6) Such
Defeasance or Covenant Defeasance shall not cause the Trustee to have a conflicting interest within the meaning of the Trust Indenture Act. 

(7) Such Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under, any
other agreement or instrument (other than the Indenture) to which the Company is a party or by which it is bound. 
 (8) The
Company shall have delivered to the Trustee an Opinion of Counsel to the effect that such deposit shall not cause either the Trustee or the trust so created to be subject to the Investment Company Act. 

(9) The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that
all conditions precedent with respect to such Defeasance or Covenant Defeasance have been complied with. 
 Section 1405. Deposited Money and U.S.
Government Obligations to Be Held in Trust; Miscellaneous Provisions. 
 Subject to the provisions of the last paragraph of
Section 1103, all money and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee or other qualifying trustee (solely for purposes of this Section and Section 1406, the Trustee and any such other trustee
are referred to collectively as the “Trustee”) pursuant to Section 1404 in respect of any Notes shall be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and the Indenture, to the payment,
either directly or through any such Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Holders of such Notes, of all sums due and to become due thereon in respect of principal and any premium and
interest, but money so held in trust need not be segregated from other funds except to the extent required by law. 
 The Company shall pay
and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to Section 1404 or the principal and interest received in respect thereof other than any such tax,
fee or other charge which by law is for the account of the Holders of Outstanding Notes. 
 Anything in this Article to the contrary
notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon Company Request any money or U.S. Government Obligations held by it as provided in Section 1404 with respect to any Notes which, in the opinion of a
nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect the Defeasance or Covenant
Defeasance, as the case may be, with respect to such Notes. 

  
 98 

 Section 1406. Reinstatement. 

If the Trustee or any Paying Agent is unable to apply any money in accordance with this Article with respect to any Notes by reason of any
order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the obligations under the Indenture and such Notes from which the Company has been discharged or released pursuant to
Section 1402 or 1403 shall be revived and reinstated as though no deposit had occurred pursuant to this Article with respect to such Notes, until such time as the Trustee or Paying Agent is permitted to apply all money held in trust pursuant to
Section 1405 with respect to such Notes in accordance with this Article; provided, however, that if the Company makes any payment of principal of or any premium or interest on any such Note following such reinstatement of its
obligations, the Company shall be subrogated to the rights (if any) of the Holders of such Notes to receive such payment from the money so held in trust. 

ARTICLE FIFTEEN 

[INTENTIONALLY DELETED] 

ARTICLE SIXTEEN 

SUBSIDIARY GUARANTEES 
 Section 1601.
Unconditional Guarantee. 
 (a) For value received, each of the Subsidiary Guarantors hereby fully and unconditionally guarantees (the
“Subsidiary Guarantee”) to the Holders and to the Trustee the due and punctual payment of the principal of, and premium, if any, and interest on the Notes and all other amounts due and payable under the Indenture and the Notes by the
Company (collectively, the “Obligations”), when and as such principal, premium, if any, and interest shall become due and payable, whether at the stated maturity or by declaration of acceleration, call for redemption or otherwise,
according to the terms of the Notes and the Indenture, subject to the limitations set forth in Section 1603. 
 (b) Failing payment when
due of any amount guaranteed pursuant to its Subsidiary Guarantee, for whatever reason, each of the Subsidiary Guarantors will be jointly and severally obligated to pay the same immediately. Each Subsidiary Guarantee hereunder is intended to be a
general, unsecured, senior obligation of each of the Subsidiary Guarantors and will rank pari passu in right of payment with all debt of such Subsidiary Guarantor that is not, by its terms, expressly subordinated in right of payment to the
Subsidiary Guarantee. Each of the Subsidiary Guarantors hereby agrees that its obligations hereunder shall be full, unconditional and absolute, irrespective of the validity, regularity or enforceability of the Notes, the Subsidiary Guarantee of any
other Subsidiary Guarantor or the Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against the Company or any
other Subsidiary Guarantor, or any action to enforce the same or any other circumstances which might otherwise constitute a legal or equitable discharge or defense of the Subsidiary Guarantors. Each of the Subsidiary Guarantors hereby agrees that in
the event of a default in payment of the principal of, or premium, if any, or interest on the Notes, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise, legal proceedings may be instituted by the
Trustee on behalf of the Holders or, subject to Section 607, by the Holders, on the terms and conditions set forth in the Indenture, directly against such Subsidiary Guarantor to enforce its Subsidiary Guarantee without first proceeding against
the Company or any other Subsidiary Guarantor. 

  
 99 

 (c) The obligations of each of the Subsidiary Guarantors under this Article shall be as aforesaid
full and unconditional and shall not be impaired, modified, released or limited by any occurrence or condition whatsoever, including, without limitation, (A) any compromise, settlement, release, waiver, renewal, extension, indulgence or
modification of, or any change in, any of the obligations and liabilities of the Company or any of the other Subsidiary Guarantors contained in the Notes or the Indenture, (B) any impairment, modification, release or limitation of the liability
of the Company, any of the other Subsidiary Guarantors or any of their estates in bankruptcy, or any remedy for the enforcement thereof, resulting from the operation of any present or future provision of any applicable bankruptcy law, or other
statute or from the decision of any court, (C) the assertion or exercise by the Company, any of the other Subsidiary Guarantors or the Trustee of any rights or remedies under the Notes or the Indenture or their delay in or failure to assert or
exercise any such rights or remedies, (D) the assignment or the purported assignment of any property as security for the Notes, including all or any part of the rights of the Company or any of the other Subsidiary Guarantors under the
Indenture, (E) the extension of the time for payment by the Company or any of the other Subsidiary Guarantors of any payments or other sums or any part thereof owing or payable under any of the terms and provisions of the Notes or the Indenture
or of the time for performance by the Company or any of the other Subsidiary Guarantors of any other obligations under or arising out of any such terms and provisions or the extension or the renewal of any thereof, (F) the modification or
amendment (whether material or otherwise) of any duty, agreement or obligation of the Company or any of the other Subsidiary Guarantors set forth in the Indenture, (G) the voluntary or involuntary liquidation, dissolution, sale or other
disposition of all or substantially all of the assets, marshaling of assets and liabilities, receivership, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization, arrangement, composition or readjustment of, or other similar
proceeding affecting, the Company or any of the other Subsidiary Guarantors or any of their respective assets, or the disaffirmance of the Notes, the Subsidiary Guarantee or the Indenture in any such proceeding, (H) the release or discharge of
the Company or any of the other Subsidiary Guarantors from the performance or observance of any agreement, covenant, term or condition contained in any of such instruments by operation of law, (I) the unenforceability of the Notes or the
Indenture or (J) any other circumstances (other than payment in full or discharge of all amounts guaranteed pursuant to the Subsidiary Guarantees) which might otherwise constitute a legal or equitable discharge of a surety or guarantor. 

(d) Each of the Subsidiary Guarantors hereby (A) waives diligence, presentment, demand of payment, filing of claims with a court in the
event of the merger, insolvency or bankruptcy of the Company or any of the Subsidiary Guarantors, and all demands whatsoever, (B) acknowledges that any agreement, instrument or document evidencing its Subsidiary Guarantee may be transferred and
that the benefit of its obligations hereunder shall extend to each holder of any agreement, instrument or document evidencing the Subsidiary Guarantee without notice to it and (C) covenants that its Subsidiary Guarantee will not be discharged
except by complete performance of the Subsidiary Guarantee. Each of the Subsidiary Guarantors further agrees that if at any time all or any part of any payment theretofore applied by any Person to its Subsidiary Guarantee is, or must be, rescinded
or returned for any reason whatsoever, including without limitation, the insolvency, bankruptcy or reorganization of the Company or any of the Subsidiary Guarantors, the Subsidiary Guarantee shall, to the extent that such payment is or must be
rescinded or returned, be deemed to have continued in existence notwithstanding such application, and the Subsidiary Guarantee shall continue to be effective or be reinstated, as the case may be, as though such application had not been made. 

(e) Each of the Subsidiary Guarantors shall be subrogated to all rights of the Holders and the Trustee against the Company in respect of any
amounts paid by such Subsidiary Guarantor pursuant to the provisions of the Indenture, provided, however, that such Subsidiary Guarantor, shall not be entitled to enforce or to receive any payments arising out of, or based upon, such
right of subrogation until all of the Notes and the Subsidiary Guarantees shall have been paid in full or discharged. 

  
 100 

 Section 1602. Execution and Delivery of Notation of Subsidiary Guarantee. 

To further evidence its Subsidiary Guarantee set forth in Section 1601, each of the Subsidiary Guarantors hereby agrees that a notation
relating to such Subsidiary Guarantee, substantially in the form attached hereto as Annex B, shall be endorsed on each Note entitled to the benefits of the Subsidiary Guarantee authenticated and delivered by the Trustee and executed by either manual
or facsimile signature of an Officer of such Subsidiary Guarantor, or in the case of a Subsidiary Guarantor that is a limited partnership, an Officer of the general partner of each Subsidiary Guarantor. Each of the Subsidiary Guarantors hereby
agrees that the Subsidiary Guarantee set forth in Section 1601 shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation relating to its Subsidiary Guarantee. If any Officer of the Subsidiary
Guarantor, or in the case of a Subsidiary Guarantor that is a limited partnership, any Officer of the general partner of the Subsidiary Guarantor, whose signature is on the Indenture or a Note no longer holds that office at the time the Trustee
authenticates such Note or at any time thereafter, the Subsidiary Guarantee of such Note shall be valid nevertheless. The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the
Subsidiary Guarantees set forth in the Indenture on behalf of the Subsidiary Guarantors. 
 Section 1603. Limitation on Subsidiary
Guarantors’ Liability. 
 Each Subsidiary Guarantor and by its acceptance hereof each Holder of a Note entitled to
the benefits of the Subsidiary Guarantee hereby confirm that it is the intention of all such parties that the guarantee by such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes
of any Federal or State law. To effectuate the foregoing intention, the Holders of a Note entitled to the benefits of the Subsidiary Guarantees and the Subsidiary Guarantors hereby irrevocably agree that the obligations of each Subsidiary Guarantor
under its Subsidiary Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and to any collections from or payments made by or on behalf of any other
Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee, result in the obligations of such Subsidiary Guarantor under the Subsidiary Guarantee not constituting a fraudulent conveyance or
fraudulent transfer under Federal or State law. 
 Section 1604. Release of Subsidiary Guarantors from Guarantee. 

(a) Notwithstanding any other provisions of the Indenture, the Subsidiary Guarantee of any Subsidiary Guarantor shall be released upon the
terms and subject to the conditions set forth in this Section 1604. Any Subsidiary Guarantee incurred by a Subsidiary Guarantor pursuant to this Article shall be unconditionally released and discharged (i) automatically upon (A) any
sale, exchange or other disposition, whether by way of merger, consolidation or otherwise, to any Person that is not the Company or a Restricted Subsidiary, of a sufficient amount of the Capital Stock of such Subsidiary Guarantor so that it no
longer qualified as a “Subsidiary,” (B) any sale, exchange or other disposition (other than a lease) of all or substantially all of the assets of such Subsidiary Guarantor to any Person that is not the Company or a Restricted Subsidiary
(provided, in respect of both clauses (A) and (B), such sale, exchange or other disposition is not prohibited by the Indenture), (C) the merger of such Subsidiary Guarantor into the Company or any other Subsidiary Guarantor or the
liquidation and dissolution of such Subsidiary Guarantor (in each case to the extent not prohibited by the Indenture), (D) the designation by the Company of such Subsidiary as an Unrestricted Subsidiary in compliance with the other applicable
provisions of the Indenture or (E) in connection with any Covenant Defeasance, Legal Defeasance or satisfaction and discharge of the Notes as provided under Article Five or Article Fourteen of the Indenture

  
 101 

 
or (ii) upon delivery of a written notice of such release or discharge by the Company to the Trustee, following the release or discharge of all Guarantees by such Subsidiary Guarantor of any
Indebtedness that resulted in the creation of such Subsidiary Guarantee pursuant to Section 1117, except a discharge or release by or as a result of payment under such Guarantees. 

(b) The Trustee shall deliver an appropriate instrument evidencing any release of a Subsidiary Guarantor from the Subsidiary Guarantee upon
receipt of a Company Request accompanied by an Officers’ Certificate and an Opinion of Counsel the Subsidiary Guarantor is entitled to such release in accordance with the provisions of the Indenture. 

(c) Any Subsidiary Guarantor not released in accordance with the provisions of the Indenture will remain liable for the full amount of
principal of (and premium, if any, on) and interest on the Notes as provided in this Article Sixteen, subject to the limitations of Section 1603. 

Section 1605. Subsidiary Guarantor Contribution. 

In order to provide for just and equitable contribution among the Subsidiary Guarantors, the Subsidiary Guarantors hereby agree, inter se,
that in the event any payment or distribution is made by any Subsidiary Guarantor (a “Funding Guarantor”) under its Subsidiary Guarantee, such Funding Guarantor shall be entitled to a contribution from each other Subsidiary Guarantor (if
any) in a pro rata amount based on the net assets of each Subsidiary Guarantor (including the Funding Guarantor) for all payments, damages and expenses incurred by that Funding Guarantor in discharging the Company’s Obligations with respect to
the Notes or any other Subsidiary Guarantor’s obligations with respect to its Subsidiary Guarantee. 
  

 
 The Trustee
hereby accepts the trusts in the Indenture upon the terms and conditions herein set forth. 
 [Signature Page Follows] 

  
 102 

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

			
	CONCHO RESOURCES INC.
		
	By:	 	 /s/ Jack Harper

	Name:	 	Jack Harper
	Title:	 	Executive Vice President and Chief Financial Officer
	
	COG HOLDINGS LLC
	COG OPERATING LLC
	COG PRODUCTION LLC
	COG REALTY LLC
	CONCHO OIL & GAS LLC
	DELAWARE RIVER SWD LLC
	QUAIL RANCH LLC
	COG ACREAGE LP
		 	 By: COG PRODUCTION LLC, its General

Partner

		
	By:	 	 /s/ Jack Harper

	Name:	 	Jack Harper
	Title:	 	Executive Vice President and Chief Financial Officer
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Patrick T. Giordano

	Name:	 	Patrick T. Giordano
	Title:	 	Vice President

 [Signature Page to Tenth Supplemental Indenture] 

 ANNEX A 

CUSIP ____________ 
 ISIN
______________ 
 [Form of Face of Note] 

[If a Global Note, insert the Global Note Legend.] 

CONCHO RESOURCES INC. 

4.375% Senior Notes due 2025 
  

			
	No.	  	$                

 Concho Resources Inc., a corporation duly organized and existing under the laws of the State of Delaware
(herein called the “Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
                    , or registered assigns, the principal sum of
                     Dollars on January 15, 2025, [if this Note is a Global Note, insert – or such greater or lesser amount as
may be indicated on the Schedule of Exchanges of Interests in the Global Note attached hereto,] and to pay interest thereon from December 28, 2016 or from the most recent Interest Payment Date to which interest has been paid or duly provided
for, semi-annually on January 15 and July 15 in each year, commencing                     , at the rate of 4.375% per annum, until the
principal hereof is paid or made available for payment, and to pay interest on any overdue principal hereof or installment of interest hereon at the same rate, to the extent lawful, from the dates such amounts are due until they are paid or made
available for payment, and such interest shall be payable on demand. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Note
(or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest, which shall be the January 1 or July 1 (whether or not a Business Day), as the case may be, next preceding such
Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Note (or one or more
Predecessor Notes) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Notes of this series not less than 10 days prior to
such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes of this series may be listed, and upon such notice as may be required by such exchange,
all as more fully provided in said Indenture. 
 Payment of the principal of (and premium, if any) and any such interest on this Note will
be made at the office or agency of the Company maintained for that purpose in the City and State of New York, [if this Note is a Global Note, insert – in immediately available funds] in such coin or currency of the United States of
America as at the time of payment is legal tender for payment of public and private debts; provided, however, that, unless this Note is a Global Note, at the option of the Company payment of interest may be made by check mailed to the
address of the Person entitled thereto as such address shall appear in the Security Register. 
 Reference is hereby made to the further
provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

  
 A-1 

 Unless the certificate of authentication hereon has been manually signed in the name of the
Trustee referred to on the reverse hereof by an authorized signatory, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 A-2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed by its undersigned
officer. 
  

			
	CONCHO RESOURCES INC.

 
			
		
	By:	 	  

 Trustee’s Certificate of Authentication 

This is one of the 4.375% Senior Notes due 2025 referred to in the within-mentioned Indenture. 

 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	As Trustee

 
			
		
	By:	 	  

		 	Authorized Signatory

 Dated: 

  
 A-3 

 [Form of Reverse of Note] 

This Note is one of a duly authorized series of senior notes of the Company (herein called the “Note”), issued under an Indenture,
dated as of September 18, 2009 (the “Base Indenture”), as supplemented and amended by the Tenth Supplemental Indenture, dated as of December 28, 2016 (the “Supplemental Indenture” and, together with the Base Indenture,
herein called the “Indenture”), among the Company, the Subsidiary Guarantors named therein and Wells Fargo Bank, National Association, as Trustee (herein called the “Trustee,” which term includes any successor trustee under the
Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Subsidiary Guarantors, the Trustee and the Holders of the Notes and of
the terms upon which the Notes are, and are to be, authenticated and delivered. This Note is one of the series designated on the face hereof, initially limited in aggregate principal amount to $600.0 million but subject to re-opening as provided in the Supplemental Indenture. 
 On and after January 15, 2020, the Company
may redeem all or, from time to time, a part of the Notes upon not less than 30 nor more than 60 days’ prior notice, at the following Redemption Prices (expressed as a percentage of principal amount of the Notes) plus accrued and unpaid
interest on the Notes, if any, to the applicable Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date), if redeemed during the twelve-month period
beginning on January 15 of the years indicated below: 
  

					
	 Year
	  	Percentage	 
	 2020
	  	 	103.281	% 
	 2021
	  	 	102.188	% 
	 2022
	  	 	101.094	% 
	 2023 and thereafter
	  	 	100.000	% 

 Prior to January 15, 2020, the Company may, at its option, on any one or more occasions, upon not less
than 30 nor more than 60 days’ prior notice, redeem up to 35% of the aggregate principal amount of the Notes (including any Additional Notes) issued under the Indenture in an amount not greater than the Net Cash Proceeds of one or more Equity
Offerings at a Redemption Price of 104.375% of the principal amount thereof, plus accrued and unpaid interest, if any, to the Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the
relevant Interest Payment Date); provided that 
 (1) at least 65% of the original principal amount of the Notes
issued on the Issue Date remains outstanding after each such redemption; and 
 (2) the redemption occurs within
180 days after the closing of the related Equity Offering. 

  
 A-4 

 In addition, the Notes may be redeemed, in whole or in part, at any time prior to
January 15, 2020, at the option of the Company upon not less than 30 nor more than 60 days’ prior notice, at a Redemption Price equal to 100% of the principal amount of the Notes redeemed plus the Applicable Premium as of, and accrued
and unpaid interest to, the applicable Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). “Applicable Premium” means, with respect to any
Note at any time, the greater of: 
 (1) 1.0% of the principal amount of such Note; or 

(2) the excess, if any, of: 

(a) the present value at such time of (i) the Redemption Price of such Note at January 15, 2020 (such Redemption
Price being set forth in the table appearing above) plus (ii) all required interest payments (excluding accrued and unpaid interest to such Redemption Date) due on such Note through January 15, 2020, computed using a discount rate equal to
the Treasury Rate as of such Redemption Date plus 50 basis points; over 
 (b) the principal amount of such Note. 

“Treasury Rate” means, in respect of any Redemption Date, the yield to maturity at the time of computation of United States Treasury
securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) which has become publicly available at least two Business Days prior to the Redemption Date (or, if such
Statistical Release is no longer published, any publicly available source or similar market data)) most nearly equal to the period from the Redemption Date to January 15, 2020; provided, however, that if the period from the
redemption date to January 15, 2020 is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the Redemption Date to January 15, 2020 is less than
one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used. 

The Notes may also be redeemed, as a whole, following certain Change of Control Offers, at the Redemption Price and subject to the conditions
set forth in Section 1110 of the Indenture. 
 Any redemption or notice of redemption may, at the Company’s discretion, be subject
to one or more conditions precedent. 
 In the event of redemption of this Note in part only, a new Note or Notes of like tenor for the
unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 The Indenture contains provisions
for defeasance at any time of the entire indebtedness of this Note as well as certain restrictive covenants and Events of Default with respect to this Note, in each case upon compliance with certain conditions set forth in the Indenture. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Notes to be affected under the Indenture at any time by the Company, the Subsidiary Guarantors and the Trustee with the consent of the Holders of a majority in principal amount of the Notes at the
time Outstanding to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in 

  
 A-5 

 
principal amount of the Notes at the time Outstanding, on behalf of the Holders of all Notes, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults
under the Indenture and their consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration of transfer
hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note. 
 If an Event of
Default with respect to the Notes shall occur and be continuing, the Notes may be declared (or shall automatically become) due and payable in the manner and with the effect provided in the Indenture. 

As provided in and subject to the provisions of the Indenture, the Holder of this Note shall not have the right to institute any proceeding
with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Notes,
the Holders of not less than 25% in principal amount of the Notes at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable
security or indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount of Notes at the time Outstanding a direction inconsistent with such request (and such Holders shall not have waived such Event of
Default), and the Trustee shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of security or indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Note for
the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 

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

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable in the Security
Register, upon surrender of this Note for registration of transfer at the office of the Security Registrar, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly
executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or
transferees. 
 The Notes are issuable only in registered form without coupons in denominations of $2,000 and any integral multiple of
$1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Notes are exchangeable for a like aggregate principal amount of Notes of like tenor of a different authorized denomination, as requested by
the Holder surrendering the same. 
 No service charge shall be made for any such registration of transfer or exchange, but the Company may
require payment of a sum sufficient to cover any transfer tax or other governmental taxes and fees required by law or permitted by the Indenture. 

Prior to due presentment of this Note for registration of transfer, the Company, the Subsidiary Guarantors, the Trustee and any agent of the
Company, the Subsidiary Guarantors or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and neither the Company, the Subsidiary Guarantors, the Trustee
nor any such agent shall be affected by notice to the contrary. 

  
 A-6 

 No director, officer, employee, incorporator, stockholder, member, partner or trustee of the
Company or any Subsidiary Guarantor, as such, shall have any liability for any obligations of the Company or any Subsidiary Guarantor under the Notes, the Indenture or the Subsidiary Guarantees or for any claim based on, in respect of, or by reason
of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

All terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

The Notes, the Subsidiary Guarantees and the Indenture shall be governed by and construed in accordance with the laws of the State of New
York. 

  
 A-7 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

			
	(I) or (we) assign and transfer this Security to:                     
                                         
                                         
                                         
                         
	(Insert assignee’s legal
name)                                        
                            

  

	
	  

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

	
	  

	  

	  

	  

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

 

	
	and irrevocably appoint                                
                                         
                                         
                                         
                                         
                

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

Date: _______________ 
  

			
	Your Signature:	 	  

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

 Signature Guarantee:*
                                 

 

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

  
 A-8 

 Option of Holder to Elect Purchase 

If you want to elect to have this Note purchased by the Company pursuant to Section 1110 or Section 1115 of the Indenture, check the
appropriate box below: 
 ☐
Section 1110                     ☐ Section 1115 

If you want to elect to have only part of the Note purchased by the Company pursuant to Section 1110 or Section 1115 of the
Indenture, state the amount you elect to have purchased: 
 $_______________ 

Date: _______________ 
  

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

	
	Tax Identification No.:                              
                             

 Signature Guarantee:*
                                  

 
  

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

  
 A-9 

 SCHEDULE OF EXCHANGES OF
INTERESTS IN THE GLOBAL NOTE* 
 The following exchanges of a
part of this Global Note for other Notes have been made: 
  

									
	 Date of Exchange
	  	 Amount of decrease

in Principal Amount
 of this Global
Note
	  	 Amount of increase

in Principal Amount
 of this Global
Note
	  	 Principal Amount of

this Global Note
 following such

decrease (or increase)
	  	 Signature of

authorized signatory
 of Trustee
or
 Custodian

  

 

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

  
 A-10 

 ANNEX B 

NOTATION OF SUBSIDIARY GUARANTEE 

Each of the Subsidiary Guarantors (which term includes any successor Person under the Indenture (as defined below)), has fully and
unconditionally guaranteed, to the extent set forth in Article Sixteen of the Tenth Supplemental Indenture dated as of December 28, 2016, by and among Concho Resources Inc., as issuer, the Subsidiary Guarantors and Wells Fargo Bank, National
Association, as Trustee (the “Supplemental Indenture”) to the Indenture, dated as of September 18, 2009 among the Company, the Subsidiary Guarantors and the Trustee (the “Base Indenture” and as supplemented by the
Supplemental Indenture, the “Indenture”), and subject to the provisions in the Indenture, the due and punctual payment of the principal of, and premium, if any, and interest on the Notes and all other amounts due and payable under the
Indenture and the Notes by the Company. 
 The obligations of the Subsidiary Guarantors to the Holders of Notes and to the Trustee pursuant
to the Subsidiary Guarantee and the Indenture are expressly set forth in Article Sixteen of the Supplemental Indenture and reference is hereby made to the Indenture for the precise terms of the Subsidiary Guarantee and the conditions upon which it
may be released. 
 IN WITNESS WHEREOF, each of the Subsidiary Guarantors has caused this notation to be duly executed. 

 

			
	 [Name of Subsidiary Guarantor(s)]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 B-1 

 ANNEX C 

FORM OF SUPPLEMENTAL INDENTURE 

TO BE DELIVERED BY FUTURE SUBSIDIARY GUARANTORS 

SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
                    , 20    , among [Name of Future Subsidiary Guarantor(s)] (the “New Subsidiary
Guarantor”), a subsidiary of Concho Resources Inc., a Delaware corporation [or its permitted successor] (the “Company”), the existing Subsidiary Guarantors (as defined in the Indenture referred to herein), the Company and
Wells Fargo Bank, National Association, as trustee under the Indenture referred to herein (the “Trustee”). The New Subsidiary Guarantor and the existing Subsidiary Guarantors are sometimes referred to collectively herein as the
“Subsidiary Guarantors,” or individually as a “Subsidiary Guarantor.” 
 W I T N E S S E T H 

WHEREAS, the Company and the existing Subsidiary Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of
September 18, 2009, and a Tenth Supplemental Indenture (herein so called) dated as of December 28, 2016 relating to the 4.375% Senior Notes due 2025 (the “Securities”) of the Company; 

WHEREAS, Section 1117 of the Tenth Supplemental Indenture obligates the Company to cause certain Restricted Subsidiaries to become
Subsidiary Guarantors by executing a supplemental indenture as provided in such Section; and 
 WHEREAS, pursuant to Section 1001 of
the Tenth Supplemental Indenture, the Company, the Subsidiary Guarantors and the Trustee are authorized to execute and deliver this Supplemental Indenture to amend or supplement the Indenture without the consent of any Holder; 

NOW THEREFORE, to comply with the provisions of the Tenth Supplemental Indenture and in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the New Subsidiary Guarantor, the other Subsidiary Guarantors, the Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the
Securities as follows: 
 1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the
meanings assigned to them in the Tenth Supplemental Indenture. 
 2. AGREEMENT TO GUARANTEE. The
New Subsidiary Guarantor hereby agrees, jointly and severally, with all other Subsidiary Guarantors, to fully and unconditionally Guarantee to each Holder and to the Trustee the Obligations, to the extent set forth in Article Sixteen of the Tenth
Supplemental Indenture and subject to the provisions thereof. The obligations of the Subsidiary Guarantors to the Holders of Securities and to the Trustee pursuant to the Subsidiary Guarantees and the Indenture are expressly set forth in Article
Sixteen of the Tenth Supplemental Indenture and reference is hereby made to such Article for the precise terms of the Subsidiary Guarantees. 

3. NEW YORK LAW TO GOVERN. THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE AND ENFORCE THIS SUPPLEMENTAL INDENTURE. 

4. COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an
original, but all of them together represent the same agreement. This Supplemental Indenture may be executed in multiple counterparts which, when taken together, shall constitute one instrument. 

  
 C-1 

 5. EFFECT OF HEADINGS. The Section headings herein
are for convenience only and shall not affect the construction hereof. 
 6. THE TRUSTEE. Except as otherwise
expressly provided herein, no duties, responsibilities or liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this Supplemental Indenture. This Supplemental Indenture is executed and accepted by the Trustee
subject to all the terms and conditions set forth in the Indenture with the same force and effect as if those terms and conditions were repeated at length herein and made applicable to the Trustee with respect hereto. 

[Remainder of Page Intentionally Left Blank. Signature Page Follows.] 

  
 C-2 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed and attested, all as of the date first above written. 
 Dated:
                    , 20     

 

			
	[NEW SUBSIDIARY GUARANTOR]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[OTHER SUBSIDIARY GUARANTORS]
		
	By:	 	  

		 	Name:
		 	Title:
	
	CONCHO RESOURCES INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

		
	By:	 	  

		 	Authorized Signatory

  
 C-3EX-4.1

 Exhibit 4.1 
  

 
  

NOBLE HOLDING INTERNATIONAL LIMITED, 

A CAYMAN ISLANDS COMPANY 
 (ISSUER)

 NOBLE CORPORATION, 
 A CAYMAN
ISLANDS COMPANY 
 (GUARANTOR) 

AND 
 WELLS FARGO BANK, N.A. 

(TRUSTEE) 
  

 
 SECOND
SUPPLEMENTAL INDENTURE 
 RELATING TO 

7.750% SENIOR NOTES DUE 2024 

DATED AS OF DECEMBER 28, 2016 
  

 
  

 
  

 SECOND SUPPLEMENTAL INDENTURE, dated as of December 28, 2016 and relating to the Notes
referred to below (this “Second Supplemental Indenture”), by and among NOBLE HOLDING INTERNATIONAL LIMITED, a Cayman Islands exempted company (herein called the “Company”), NOBLE CORPORATION, a Cayman Islands
exempted company (herein called the “Guarantor”), and WELLS FARGO BANK, N.A., a national banking association duly organized and existing under the laws of the United States of America, as Trustee (herein called the
“Trustee”). Capitalized terms not otherwise defined in this Second Supplemental Indenture have the meanings assigned to them in the Indenture referred to below. 

WITNESSETH: 
 WHEREAS, the
Company has heretofore executed and delivered to the Trustee an indenture dated as of March 16, 2015 (the “Original Indenture”), to provide for the issuance from time to time of its unsecured senior debt securities (the
“Securities”), the form and terms of which are to be established pursuant to Articles Two and Three of the Original Indenture; and 

WHEREAS, Article Nine of the Original Indenture provides, among other things, that the Company and the Trustee may enter into indentures
supplemental to the Original Indenture for, among other things, the purpose of establishing the form and terms of the Securities of any series as permitted in Articles Two and Three of the Original Indenture and otherwise amending the Original
Indenture in a manner not prejudicial to the interests of the Holders of the Securities of any series; and 
 WHEREAS, the Company desires
to create a new series of Securities under the Original Indenture, to be issued in initial aggregate principal amount of $1,000,000,000, designated as the 7.750% Senior Notes due 2024 (the “Notes”), in furtherance of which the Board
of Directors has adopted a Board Resolution authorizing the Company to enter into this Second Supplemental Indenture (together with the Original Indenture, the “Indenture”) without the consent of the Holders of the Securities as
provided for in Section 901 of the Indenture; and 
 WHEREAS, the Guarantor owns, indirectly, all of the outstanding shares of the
Company and has agreed to (i) fully and unconditionally guarantee the due and punctual payment of the principal of, premium, if any, interest on and all other amounts due under the Indenture and the Notes, which guarantee is provided in this
Second Supplemental Indenture and (ii) be bound by certain other covenants specified herein; and 
 WHEREAS, all acts necessary to make
the Notes, when executed by the Company and authenticated and delivered by the Trustee as provided in the Indenture, the valid and binding obligations of the Company and to make this Second Supplemental Indenture a valid and binding agreement in
accordance with Article Nine of the Indenture have been duly performed and executed; 
 NOW, THEREFORE, in consideration of the
promises and mutual agreements herein contained, the Company, the Guarantor and the Trustee mutually covenant and agree for the equal and proportionate benefit of the Holders from time to time of the Notes as follows: 

  
 1 

 Section 1. Issuance, Terms and Form of the Notes. 

1.1 Issuance of the Notes. 

One series of Securities is hereby created which shall be designated as the 7.750% Senior Notes due 2024. The aggregate principal amount of
the Notes created hereby that may be authenticated and delivered under this Second Supplemental Indenture shall initially be $1,000,000,000, subject to the Company’s right to issue additional Notes from time to time in accordance with the terms
of the Indenture. 
 1.2 Terms of the Notes. 

The Notes shall be executed, authenticated and delivered in accordance with the provisions of, and shall in all respects be subject to, the
terms, conditions and covenants of the Indenture. 
 1.3 Form of the Notes. 

The Notes shall be executed, authenticated and delivered substantially in the form attached hereto as Exhibit A, the terms of
which are incorporated in this Second Supplemental Indenture for all purposes. 
 1.4 Depositary. 

The Notes shall be issued in global form, except as provided in the Indenture. The Company initially appoints The Depository Trust Company to
act as Depositary with respect to the Notes. 
 Section 2. Amendments to the Original Indenture Relating to the Notes. 

2.1 Amendments to Article One of the Original Indenture (Definitions). 

Article One of the Original Indenture is hereby amended in respect of, and applicable to, the Notes and only in respect of, and
applicable to, the Notes by adding thereto the following new definitions in their appropriate alphabetical order: 
 “Attributable
Indebtedness,” when used with respect to any Sale/Leaseback Transaction, means, as at the time of determination, the present value (discounted at the rate set forth or implicit in the terms of the lease included in such transaction) of the
total obligations of the lessee for rental payments (other than amounts required to be paid on account of taxes, maintenance, repairs, insurance, assessments, utilities, operating and labor costs and other items that do not constitute payments for
property rights) during the remaining term of the lease included in such Sale/Leaseback Transaction (including any period for which such lease has been extended). In the case of any lease that is terminable by the lessee upon the payment of a
penalty, such net amount shall be the lesser of the net amount determined assuming termination upon the first day such lease may be terminated (in which case the net amount shall also include the amount of the penalty, but no rent shall be
considered as required to be paid under such lease subsequent to the first date upon which it may be so terminated) or the net amount determined assuming no such termination. 

  
 2 

 “Capital Stock” means: 

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

(ii) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however
designated) of corporate stock; 
 (iii) in the case of a partnership or limited liability company, partnership interests (whether
general or limited) or membership interests; and 
 (iv) any other interest or participation that confers on a Person the right to
receive a share of the profits and losses of, or distributions of assets of, the issuing Person. 
 “Capitalized Lease
Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are
required to be classified and accounted for as capital leases on a balance sheet of such Person under generally accepted accounting principles in the United States, and the amount of such obligations shall be the capitalized amount thereof
determined in accordance with generally accepted accounting principles in the United States. 
 “Change of Control” means
the occurrence of any of the following: (a) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger, amalgamation, consolidation, plan or scheme of arrangement, exchange offer, business combination or
similar transaction of the Guarantor), in one or a series of related transactions, of all or substantially all of the properties or assets of the Guarantor and its subsidiaries taken as a whole to any person (as such term is used in
Section 13(d) of the Exchange Act) other than the Guarantor or one of its Subsidiaries, or a Person controlled by the Guarantor or one of its Subsidiaries (excluding a Redomestication of the Guarantor); (b) the consummation of any
transaction (including, without limitation, any merger, amalgamation, consolidation, plan or scheme of arrangement, exchange offer, business combination or similar transaction) the result of which is that any person (as such term is used in
Section 13(d) of the Exchange Act) other than Parent or any of its subsidiaries becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding Voting Stock of the Guarantor (excluding a Redomestication of the
Guarantor); (c) the adoption by the Guarantor Board of Directors of a plan of liquidation or dissolution for the Guarantor; and (d) either (i) the Guarantor (or any successor Person resulting from any transaction permitted by
Section 801 of the Indenture) or (ii) in the event Parent becomes a guarantor of the Notes, Parent ceases to own, directly or indirectly, 100% of all outstanding equity interests of the Company. 

“Change of Control Repurchase Event” means the occurrence of both a Change of Control and a Rating Event with respect to the
Notes. 
 “Consolidated Net Tangible Assets” means the total amount of assets (less applicable reserves and other properly
deductible items) after deducting (i) all current liabilities (excluding 

  
 3 

 
the amount of those that are by their terms extendable or renewable at the option of the obligor to a date more than 12 months after the date as of which the amount is being determined and
current maturities of long-term debt) and (ii) all goodwill, trade names, trademarks, patents, unamortized debt discount and expense and other like intangible assets, all as set forth on the most recent quarterly balance sheet of the Guarantor
and its consolidated Subsidiaries and determined in accordance with generally accepted accounting principles in the United States. 

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

“Funded Indebtedness” means all Indebtedness (including Indebtedness incurred under any revolving credit, letter of credit or
working capital facility) that by its terms matures on, or that is renewable at the option of any obligor thereon to, a date more than one year after the date on which such Indebtedness is originally incurred. 

“Guarantee” has the meaning set forth in Section 3(a) of this Second Supplemental Indenture. 

“Guarantor” has the meaning set forth in the preamble of this Second Supplemental Indenture. 

“Guarantor Board of Directors” means either the board of directors of the Guarantor or any duly authorized committee of that
board. 
 “Indebtedness” of any Person means, without duplication, (i) all indebtedness of such Person for borrowed
money (whether or not the recourse of the lender is to the whole of the assets of such Person or only to a portion thereof), (ii) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (iii) all
obligations of such Person in respect of letters of credit or other similar instruments (or reimbursement obligations with respect thereto), other than standby letters of credit, performance bonds and other obligations issued by or for the account
of such Person in the ordinary course of business, to the extent not drawn or, to the extent drawn, if such drawing is reimbursed not later than the third Business Day following demand for reimbursement, (iv) all obligations of such Person to
pay the deferred and unpaid purchase price of property or services, except trade payables and accrued expenses incurred in the ordinary course of business, (v) all Capitalized Lease Obligations of such Person, (vi) all Indebtedness of
others secured by a Lien on any asset of such Person, whether or not such Indebtedness is assumed by such Person (provided that if the obligations so secured have not been assumed in full by such Person or are not otherwise such Person’s
legal liability in full, then such obligations shall be deemed to be in an amount equal to the greater of (a) the lesser of (1) the full amount of such obligations and (2) the fair market value of such assets, as determined in good
faith by the board of directors of such Person, which determination shall be evidenced by a resolution of such board of directors, and (b) the amount of obligations as have been assumed by such Person or that are otherwise such Person’s
legal liability), and (vii) all Indebtedness of others (other than endorsements in the ordinary course of business) guaranteed by such Person to the extent of such guarantee. 

  
 4 

 “Joint Venture” means any partnership, corporation or other entity in which up
to and including 50% of the partnership interests, outstanding voting stock or other equity interests is owned, directly or indirectly, by the Guarantor and/or one or more Subsidiaries of the Guarantor. 

“Lien” means any mortgage, pledge, lien, encumbrance, charge or security interest. For purposes of the Indenture, the
Guarantor or any Subsidiary of the Guarantor shall be deemed to own subject to a Lien any asset that it has acquired or holds subject to the interest of a vendor or lessor under any conditional sale agreement, Capitalized Lease Obligation or other
title retention agreement relating to such asset. 
 “Make-Whole Premium” with respect to any Note (or portion of a Note)
to be redeemed means the excess, if any, of: 
 (i) the sum of the present values, calculated as of the Redemption Date, of: 

(A) each interest payment that, but for the redemption, would have been payable on the Note (or its portion) being redeemed on
each Interest Payment Date occurring after the Redemption Date (excluding any accrued interest for the period before the Redemption Date); and 

(B) the principal amount that, but for the redemption, would have been payable at the final maturity of the Note (or its
portion) being redeemed; 
 over 

(ii) the principal amount of the Note (or its portion) being redeemed. 

The present values of interest and principal payments referred to in clause (i) above will be determined in accordance with generally
accepted principles of financial analysis. Those present values will be calculated by discounting the amount of each payment of interest or principal from the date that each payment would have been payable, but for the redemption, to the Redemption
Date at a discount rate equal to the Treasury Yield plus 50 basis points. 
 The Make-Whole Premium shall be calculated by an
independent investment banking institution of national standing appointed by the Company, provided that if the Company fails to make such appointment at least 45 Business Days prior to the Redemption Date, or if the institution so appointed
is unwilling or unable to make the calculation, such calculation will be made by Credit Suisse Securities (USA) LLC or, if that firm is unwilling or unable to make the calculation, by an independent investment banking institution of national
standing appointed by the Trustee (in any such case, the “Independent Investment Banker”). 
 “Make-Whole
Redemption Price” with respect to any redemption of Notes, means the price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest to the Redemption Date (subject to the right of Holders of
record on the relevant record date to receive interest due on an Interest Payment Date that is on or prior to the Redemption Date), plus a Make-Whole Premium, if any is required to be paid. 

  
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 “Non-Recourse Indebtedness” means any of the Guarantor’s Indebtedness or
any Indebtedness of any of its Subsidiaries in respect of which (a) the recourse of the holder of such Indebtedness, whether direct or indirect and whether contingent or otherwise, is effectively limited to (i) Liens on specified assets
and (ii) in respect of Indebtedness of a Subsidiary of the Guarantor, Liens on assets of the Subsidiary acquired after the date of original issuance of the Notes, and with respect to such Indebtedness of the Guarantor or a Subsidiary of the
Guarantor, neither the Guarantor nor any Subsidiary of the Guarantor (other than the issuer of such Indebtedness) provides any credit support or is otherwise liable or obligated and (b) the occurrence of any event, or the existence of any
condition under any agreement or instrument relating to such Indebtedness, shall not at any time have the effect of accelerating, or permitting the acceleration of, the maturity of any other Indebtedness of the Guarantor or any of its Subsidiaries
or otherwise permitting any such other Indebtedness to be declared due and payable, or to be required to be prepaid, purchased or redeemed, prior to the stated maturity thereof. 

“Officers’ Certificate” when used with respect to the Guarantor, means a certificate signed by (i) the Chairman of
the Board, the Chief Executive Officer, the President or a Vice President, and (ii) the Treasurer, the Controller, the Secretary or an Assistant Treasurer, Assistant Controller or Assistant Secretary of the Guarantor, and delivered to the
Trustee, which certificate shall be in compliance with Section 103 of the Indenture. 
 “Par Call Redemption Price”
with respect to any redemption of Notes means the price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the Redemption Date. 

“Parent” means Noble Corporation plc, a public limited company incorporated under the laws of England and Wales. 

“Pari Passu Indebtedness” means any Indebtedness of the Guarantor, whether outstanding on the issue date of the Notes or
thereafter created, incurred or assumed, unless, in the case of any particular Indebtedness, the instrument creating or evidencing the same or pursuant to which the same is outstanding expressly provides that such Indebtedness shall be subordinated
in right of payment to the Guarantee. 
 “Permitted Liens” means (i) Liens existing on the date of original issuance
of the Notes; (ii) Liens on property or assets of, or any shares of stock of, or other equity interests in, or indebtedness of, any Person existing at the time such Person becomes a Subsidiary of the Guarantor or at the time such Person is
merged into or consolidated with the Guarantor or any of its Subsidiaries or at the time of a sale, lease or other disposition of all or substantially all of the properties and assets of a Person to the Guarantor or a Subsidiary of the Guarantor;
(iii) Liens in favor of the Guarantor or any of its Subsidiaries; (iv) Liens in favor of governmental bodies to secure progress or advance payments; (v) Liens securing industrial revenue or pollution control bonds or similar
indebtedness; (vi) Liens on property securing (a) all or any portion of the cost of acquiring, constructing, altering, improving or repairing any property or assets, real or personal, or improvements used or to be used in connection with
such property or (b) Indebtedness incurred by the Guarantor or any Subsidiary of the Guarantor prior to or within one year after the later of the acquisition, the completion of construction, alteration, improvement or repair or the commencement
of commercial operation thereof, which Indebtedness is incurred for the purpose 

  
 6 

 
of financing all or any part of the purchase price thereof or construction or improvements thereon; (vii) statutory liens or landlords’, carriers’, warehouseman’s,
mechanics’, suppliers’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business and with respect to amounts not yet delinquent or being contested in good faith by appropriate proceedings;
(viii) Liens on current assets of the Guarantor or any Subsidiary of the Guarantor securing Indebtedness of the Guarantor or such Subsidiary, respectively; (ix) Liens on the stock, partnership or other equity interest of the Guarantor or
any Subsidiary of the Guarantor in any Joint Venture or any Subsidiary of the Guarantor that owns an equity interest in such Joint Venture to secure Indebtedness; provided the amount of such Indebtedness is contributed and/or advanced solely
to such Joint Venture; (x) Liens under workers compensation or similar legislation; (xi) Liens in connection with legal proceedings or securing tax assessments, which in each case are being contested in good faith; (xii) good faith
deposits in connection with bids, tenders, contracts or Liens; (xiii) deposits made in connection with maintaining self-insurance, to obtain the benefits of laws, regulations or arrangements relating to unemployment insurance, old age pensions,
social security or similar matters or to secure surety, appeal or customs bonds; and (xiv) any extensions, substitutions, replacements or renewals in whole or in part of a Lien enumerated in clauses (i) through (xiii) above.

 “Principal Property” means any jackup, semisubmersible, drillship, submersible or other mobile offshore drilling
unit, or integral portion thereof, owned or leased by the Guarantor or any Subsidiary of the Guarantor and used for drilling offshore oil and gas wells, which, in the opinion of the Guarantor Board of Directors, is of material importance to the
business of the Guarantor and its Subsidiaries taken as a whole, but no such jackup, semisubmersible, drillship, submersible or other mobile offshore drilling unit, or portion thereof, shall be deemed of material importance if its net book value
(after deducting accumulated depreciation) is less than 2.0% of Consolidated Net Tangible Assets of the Guarantor and its consolidated Subsidiaries. 

“Rating Agencies” means, with respect to the Notes, (1) each of Moody’s Investors Service, Inc. and S&P Global
Ratings, and the successors of either and (2) if either of the aforementioned ceases to rate such Notes or fails to make a rating of such Notes publicly available for reasons outside of the Guarantor’s control, a “nationally
recognized statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act, selected by the Guarantor as a replacement agency for each of the aforementioned, or both of them, as the case may be. 

“Rating Event” means, with respect to the Notes, the rating of such Notes is lowered by each of the Rating Agencies to any
rating below the rating received by such Notes upon issuance on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of
the Change of Control (which 60-day period shall be extended so long as the rating of such Notes is under publicly announced consideration for possible downgrade by either of the Rating Agencies). 

“Redomestication” means: 

(i) any amalgamation, merger, plan or scheme of arrangement, exchange offer, business combination, reincorporation, reorganization,
consolidation or similar action of Parent 

  
 7 

 
with or into any other person (as such term is used in Section 13(d) of the Exchange Act), or of any other person (as such term is used in Section 13(d) of the Exchange Act) with or
into Parent, or the sale, distribution or other disposition (other than by lease) of all or substantially all of the properties or assets of Parent or the Guarantor and its Subsidiaries taken as a whole to any other person (as such term is used in
Section 13(d) of the Exchange Act), 
 (ii) any continuation, discontinuation, domestication, redomestication, amalgamation,
merger, plan or scheme of arrangement, exchange offer, business combination, reincorporation, reorganization, conversion, consolidation or similar action with respect to Parent or the Guarantor pursuant to the law of the jurisdiction of its
organization and of any other jurisdiction, or 
 (iii) the formation of a Person that becomes, as part of the transaction or series of
related transactions, the direct or indirect owner of substantially all of the voting shares of Parent or the Guarantor (the “New Parent”), 

if as a result thereof 

(iv) in the case of any action specified in clause (i), the entity that is the surviving, resulting or continuing Person in such
amalgamation, merger, plan or scheme of arrangement, exchange offer, business combination, reincorporation, reorganization, consolidation or similar action, or the transferee in such sale, distribution or other disposition, 

(v) in the case of any action specified in clause (ii), the entity that constituted Parent or the Guarantor immediately prior thereto (but
disregarding for this purpose any change in its jurisdiction of organization), or 
 (vi) in the case of any action specified in clause
(iii), the New Parent 
 is a corporation or other entity, validly incorporated or formed and existing in good standing (to the extent the
concept of good standing is applicable) under the laws of any jurisdiction, whose voting shares of each class of Capital Stock issued and outstanding immediately following such action, and giving effect thereto, shall be beneficially owned by
substantially the same Persons, in substantially the same percentages, as was such Capital Stock or shares of the entity constituting Parent or the Guarantor (or in the case of any action specified in clause (iii), the direct or indirect owner of
substantially all of the voting shares of Parent or the Guarantor) immediately prior thereto. For the purposes of this definition, the Guarantor shall also mean any successor Person resulting from any transaction permitted by Section 801 of the
Indenture. 
 “Sale/Leaseback Transaction” means any arrangement with any Person pursuant to which the Guarantor or any
Subsidiary of the Guarantor leases any Principal Property that has been or is to be sold or transferred by the Guarantor or the Subsidiary to such Person, other than (i) temporary leases for a term, including renewals at the option of the
lessee, of not more than five years, (ii) leases between the Guarantor and a Subsidiary of the Guarantor or between Subsidiaries of the Guarantor, or (iii) leases of Principal Property executed by the time of, or within 12 months
after the later of, the acquisition, the completion of construction, alteration, improvement or repair or the commencement of commercial operation of the Principal Property. 

  
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 “Subsidiary” means, with respect to the Guarantor at any date, any corporation,
limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of the Guarantor in the Guarantor’s consolidated financial statements if such financial statements were prepared in
accordance with generally accepted accounting principles in the United States as of such date, as well as any other corporation, limited liability company, partnership, association or other entity (i) of which securities or other ownership
interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or (ii) that
is, as of such date, otherwise controlled, by the Guarantor or one or more Subsidiaries of the Guarantor. 
 “Tax Additional
Amounts” has the meaning set forth in Section 312 of the Indenture (as added by Section 2.2 of this Second Supplemental Indenture). 

“Taxing Jurisdiction” has the meaning set forth in Section 312 of the Indenture (as added by Section 2.2 of this
Second Supplemental Indenture). 
 “Treasury Yield” means a rate of interest per annum equal to the weekly average yield to
maturity of U.S. Treasury Notes that have a constant maturity that corresponds to the remaining terms to maturity of the applicable series of Notes, calculated to the nearest 1/12th of a year (the “Remaining Term”). The Treasury
Yield shall be determined as of the third Business Day immediately before the applicable Redemption Date. 
 The weekly average yields of
U.S. Treasury Notes will be determined by referring to the most recent statistical release published by the Federal Reserve Bank of New York and designated “H.15(519) Selected Interest Rates” or any successor release (the “H.15
Statistical Release”). If the H.15 Statistical Release contains a weekly average yield for U.S. Treasury Notes having a constant maturity that is the same as the Remaining Term, then the Treasury Yield will be equal to that weekly average
yield. In all other cases, the Treasury Yield will be calculated by interpolation, on a straight-line basis, between the weekly average yields on the U.S. Treasury Notes that have a constant maturity closest to and greater than the Remaining Term
and the U.S. Treasury Notes that have a constant maturity closest to and less than the Remaining Term (in each case as set forth in the H.15 Statistical Release). Any weekly average yields as calculated by interpolation will be rounded to the
nearest 1/100th of 1% with any figure of 1/200% or above being rounded upward. If weekly average yields for U.S. Treasury Notes are not available in the H.15 Statistical Release or otherwise, then the Treasury Yield will be calculated by
interpolation of comparable rates selected by the Independent Investment Banker. 
 “Voting Stock” of any specified Person
as of any date means the Capital Stock of such Person that is at the time entitled to vote in the election of the board of directors (or similar governing body) of such Person. 

“Withholding Tax” has the meaning set forth in Section 312 of the Indenture (as added by Section 2.2 of this Second
Supplemental Indenture). 

  
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 2.2 Amendments to Article Three of the Original Indenture (Tax Additional Amounts). 

Article Three of the Original Indenture is hereby amended in respect of, and applicable to, the Notes and only in respect of, and
applicable to, the Notes by adding the following section as Section 312: 
 SECTION 312. Tax Additional Amounts. 

The Company shall pay any amounts due with respect to the payments on the Notes without deduction or withholding for any and
all present and future withholding taxes, levies, imposts and charges (each, a “Withholding Tax”) imposed by or for the account of the Cayman Islands or any other jurisdiction in which the Company is resident for tax purposes or any
political subdivision or taxing authority of such jurisdiction (the “Taxing Jurisdiction”), unless such withholding or deduction is required by law. If such deduction or withholding is at any time required, the Company will
(subject to compliance by such Holder with any relevant administrative requirements) pay each Holder additional amounts (“Tax Additional Amounts”) as will result in such Holder’s receipt of such amounts as it would have
received had no such withholding or deduction been required. 
 If the Taxing Jurisdiction requires the Company to deduct or
withhold any Withholding Tax, the Company will (subject to compliance by a Holder with any relevant administrative requirements) pay such Tax Additional Amounts in respect of principal amount, Redemption Price and interest (if any) in accordance
with the terms of the Notes and the Indenture; provided, however, that the foregoing shall not apply to: 
 (a) any
Withholding Tax that would not be payable or due but for the fact that (1) the Holder of a Note (or a fiduciary, settlor, beneficiary of, member or shareholder of, such Holder, if such Holder is an estate, trust, partnership or corporation) is
a domiciliary, national or resident of, or engaging in business or maintaining a permanent establishment or fixed base or being physically present in, the Taxing Jurisdiction or otherwise having some present or former connection with the Taxing
Jurisdiction other than the holding or ownership of the Note or the collection of principal amount, Redemption Price and interest (if any), in accordance with the terms of the Note and the Indenture or the enforcement of the Note or
(2) where presentation is required, the Note was presented more than 30 days after the date such payment became due or was provided for, whichever is later; 

(b) any Withholding Tax attributable to any estate, inheritance, gift, sales, transfer, excise, personal property or similar
tax, levy, impost or charge; 

  
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 (c) any Withholding Tax attributable to any tax, levy, impost or charge that is
payable otherwise than by withholding from payment of principal amount, Redemption Price and interest (if any); 
 (d) any
Withholding Tax that would not have been imposed but for the failure to comply with certification, identification, information, documentation or other reporting requirements concerning the nationality, residence, identity or connections with the
relevant tax authority of the Holder or beneficial owner of a Note, if (1) this compliance is required by statute or by regulation as a precondition to relief or exemption from such Withholding Tax and (2) at least 30 days prior to the
first scheduled payment date for which compliance will be required, the Guarantor has notified Holders or beneficial owners of Notes that they must comply with such certification, identification, information, documentation or other reporting
requirements; 
 (e) any Withholding Tax to the extent a Holder of a Note is entitled to a refund or credit in the Taxing
Jurisdiction of amounts required to be withheld by such Taxing Jurisdiction; or 
 (f) any combination of the instances
described in (a) through (e). 
 With respect to clause (e), above, in the absence of evidence satisfactory to the Company, the Company
may conclusively presume that a Holder of the Note is entitled to a refund or credit of all amounts required to be withheld. The Company shall not be required to pay any Tax Additional Amounts to any Holder of a Note who is a fiduciary or
partnership or other than the sole beneficial owner of the Note to the extent that a beneficiary or settlor with respect to such fiduciary, or a member of such partnership or a beneficial owner thereof, would not have been entitled to the payment of
such Tax Additional Amounts had such beneficiary, settlor, member or beneficial owner been the Holder of the Note. 
 The Guarantor shall,
with respect to its Guarantee of the Notes, pay Tax Additional Amounts, subject to the above requirements and limitations, with respect to any Withholding Tax imposed by or for the account of any Taxing Jurisdiction with respect to any payments made
under the Guarantee. 
 The Guarantor shall furnish to the Trustee documentation reasonably satisfactory to the Trustee evidencing the
payment of any Withholding Taxes with respect to payments on the Notes. Copies of such receipts will be made available to the Holders of the Notes or beneficial owners of the Notes upon written request. 

Tax Additional Amounts shall be treated as Additional Amounts for purposes of the Indenture. All references in the Indenture or the Notes to
“interest” shall include (without duplication) any Tax Additional Amounts due with respect thereto. 
 2.3 Amendments to
Article Four of the Original Indenture (Discharge of Liability on Securities of Any Series). 

  
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 Article Four of the Original Indenture is hereby amended in respect of, and applicable to, the
Notes and only in respect of, and applicable to, the Notes by 
 (a) amending and restating in its entirety Section 403(1) as follows:

  

	 	(1)	the Company has complied with the provisions of Section 401 of this Indenture (other than any additional conditions specified pursuant to Sections 301 and 401(3) and except that the Company shall have received
from, or there has been published by, the United States Internal Revenue Service a ruling to the effect that the Holders of Securities of such series will not recognize income, gain or loss for United States federal income tax purposes as a result
of such deposit, satisfaction and discharge and will be subject to United States federal income tax on the same amount and in the same manner and at the same time as would have been the case if such deposit, satisfaction and discharge had not
occurred) with respect to all Outstanding Securities of such series, 

 and 

(b) adding thereto the following new Section 405, which shall constitute additional means of satisfaction and discharge and other
conditions with respect to the Notes as contemplated by clause (C) of Section 401(1) and Section 401(3), respectively: 

SECTION 405. Covenant Defeasance. 

With respect to the Notes, the Company may, at its option and at any time, elect to have its obligations released with respect
to Section 1010 of this Indenture, and thereafter any omission to comply with such obligations or provisions will not constitute a Default or Event of Default (“Covenant Defeasance”), when 

(1) the Company has complied with the provisions of Section 401 of this Indenture (other than any additional conditions specified pursuant
to Sections 301 and 401(3) and except that the Opinion of Counsel referred to in Section 401(5) shall state to the effect that the Holders of Notes will not recognize income, gain or loss for United States federal income tax purposes as a
result of such deposit and defeasance and will be subject to United States federal income tax on the same amount and in the same manner and at the same time as would have been the case if such deposit and defeasance had not occurred) with respect to
all Outstanding Notes; 
 (2) the Company has delivered to the Trustee a Company Request requesting such defeasance; 

(3) the Company has complied with any other conditions specified pursuant to Section 301 to be applicable to the defeasance of
Section 1010 of this Indenture pursuant to this Section 405; and 

  
 12 

 (4) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent herein provided for relating to the defeasance of Section 1010 of this Indenture with respect to the Notes have been complied with. 

2.4 Amendments to Article Seven of the Original Indenture (Reports by the Company). 

Article Seven of the Original Indenture is hereby amended in respect of, and applicable to, the Notes and only in respect of, and applicable
to, the Notes by amending and restating in its entirety Section 704 as follows: 
 SECTION 704. Reports by the Company. 

The Company shall file with the Trustee, within 15 days after the Company is required to file the same with the Commission,
copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) that the Company may be required to file
with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act, and shall otherwise comply with Section 314(a) of the Trust Indenture Act. Notwithstanding the prior sentence, any obligation of the Company to file
reports with the Trustee pursuant to the prior sentence shall be deemed to be satisfied for so long as the Guarantor (or any other person that is a successor to the Guarantor’s reporting obligations to the Commission) shall file with the
Trustee within the time period provided in the prior sentence copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and
regulations prescribe) that the Guarantor (or any other person that is a successor to the Guarantor’s reporting obligations to the Commission) may be required to file with the Commission pursuant to Section 12 or Section 15(d) of the
Exchange Act, and such annual reports, information, documents and other reports contain such information relating to the Company as is required by the rules and regulations of the Commission. Delivery of such reports, information, documents and
other reports to the Trustee is for informational purposes only and the Trustee’s receipt of such reports, information, documents and other reports shall not constitute constructive notice of any information contained therein or determinable
from information contained therein, including the Company’s or the Guarantor’s compliance with any of their covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 

2.5 Amendments to Article Eight of the Original Indenture (Consolidation, Amalgamation, Conveyance, Transfer or Lease). 

Article Eight of the Original Indenture is hereby amended in respect of, and applicable to, the Notes and only in respect of, and applicable
to, the Notes by adding thereto the following new Sections 803 and 804: 

  
 13 

 SECTION 803. Guarantor May Consolidate, Etc., Only on Certain Terms. 

The Guarantor shall not consolidate or amalgamate with or merge into any Person, or sell, lease, convey, transfer or otherwise
dispose of all or substantially all of its properties and assets to any Person, other than a direct or indirect Wholly Owned Subsidiary of the Guarantor, unless: 
  

	 	(1)	either (a) the Guarantor shall be the continuing Person or (b) the Person formed by such consolidation or amalgamation or into which the Guarantor is merged, or the Person that acquires, by sale, lease,
conveyance, transfer or other disposition, all or substantially all of the properties and assets of the Guarantor, shall expressly assume, by a supplemental indenture, the Guarantee, and the performance of the Guarantor’s covenants and
obligations under this Indenture and the Guarantee; 

  

	 	(2)	immediately after giving effect to such transaction or series of transactions, no Default or Event of Default shall have occurred and be continuing or would result therefrom; and 

 

	 	(3)	the Guarantor has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, amalgamation, merger, sale, lease, conveyance, transfer or other disposition and,
if a supplemental indenture is required in connection with such transaction, such supplemental indenture complies with Sections 803 and 804 and that all conditions precedent herein provided for relating to such transaction have been complied with.

 SECTION 804. Successor Person Substituted for Guarantor. 

Upon any consolidation or amalgamation of the Guarantor with or merger by the Guarantor into any other Person or any sale,
lease, conveyance, transfer or other disposition of all or substantially all of the properties and assets of the Guarantor in accordance with Section 803, the successor Person formed by such consolidation or amalgamation or into which the
Guarantor is merged or to which such sale, lease, conveyance, transfer or other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the Guarantor under this Indenture with the same effect as if
such successor Person had been named as the Guarantor herein and thereafter, except in the case of such lease, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Guarantee. 

2.6 Amendments to Article Ten of the Original Indenture (Covenants). 

Article Ten of the Original Indenture is hereby amended in respect of, and applicable to, the Notes and only in respect of, and applicable to,
the Notes by (a) amending and restating in their entirety Sections 1004 through 1006 as set forth below, and (b) adding thereto the following new Sections 1008 through 1010: 

  
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 SECTION 1004. Existence. 

Subject to Article Eight, each of the Company and the Guarantor will do or cause to be done all things necessary to preserve
and keep in full force and effect its existence, whether corporate or otherwise. 
 SECTION 1005. Statement by Officers as to Default. 

Each of the Company and the Guarantor will deliver to the Trustee, within 120 days after the end of each fiscal year ending
after the date hereof so long as any Security is outstanding hereunder, an Officers’ Certificate, complying with Section 314(a)(4) of the Trust Indenture Act and stating that a review of the activities of the Company or the Guarantor, as
applicable, during such year and of performance under this Indenture has been made under the supervision of the signers thereof and whether or not to the best of their knowledge, based upon such review, the Company or the Guarantor, as applicable,
is in default in the performance, observance or fulfillment of any of its covenants and other obligations under this Indenture, and if the Company or Guarantor shall be in default, specifying each such default known to them and the nature and status
thereof. One of the officers signing the Officers’ Certificate on behalf of the Guarantor delivered pursuant to this Section 1005 shall be the principal executive, financial or accounting officer of the Guarantor. 

For purposes of this Section 1005, such compliance shall be determined without regard to any period of grace or
requirement of notice provided under this Indenture. 
 SECTION 1006. Waiver of Certain Covenants. 

The Company and the Guarantor may omit in any particular instance to comply with any covenant or condition set forth in
Sections 1001 through 1005 and 1007 through 1010, inclusive, or any covenant added for the benefit of any series of Securities as contemplated by Section 301 (unless otherwise specified pursuant to Section 301) if before or after the time
for such compliance the Holders of a majority in principal amount of the Outstanding Securities of all series affected by such omission (acting as one class) shall, by Act of such Holders, either waive such compliance in such instance or generally
waive compliance with such covenant or condition, but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company or the
Guarantor, as applicable, and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect. 

SECTION 1008. Limitations on Liens. 

The Guarantor shall not, and shall not permit any of its Subsidiaries to, issue, assume or guarantee any Indebtedness for
borrowed money secured by any Lien upon any Principal Property or any shares of stock or indebtedness of any 

  
 15 

 
Subsidiary of the Guarantor that owns or leases a Principal Property (whether such Principal Property, shares of stock or indebtedness are now owned or hereafter acquired) without making
effective provision whereby the Notes (together with, if the Guarantor shall so determine, any other Indebtedness or other obligation) shall be secured equally and ratably with (or, at the option of the Guarantor, prior to) the Indebtedness so
secured for so long as such Indebtedness is so secured. The foregoing restrictions do not, however, apply to Indebtedness secured by Permitted Liens. 

Notwithstanding the foregoing, the Guarantor and its Subsidiaries may, without securing the Notes, issue, assume or guarantee
secured Indebtedness that would otherwise be subject to the foregoing restrictions in an aggregate principal amount that, together with all other such Indebtedness of the Guarantor and its Subsidiaries that would otherwise be subject to the
foregoing restrictions (including Indebtedness permitted to be secured under clause (i) under the definition of Permitted Liens but excluding Indebtedness permitted to be secured under clauses (ii) through (xiv) thereunder) and the
aggregate amount of Attributable Indebtedness deemed outstanding with respect to Sale/Leaseback Transactions (other than those in connection with which the Guarantor has voluntarily retired any of the Notes, any Pari Passu Indebtedness or any Funded
Indebtedness pursuant to clause (c) of Section 1009 hereof), does not at any one time exceed 15% of the Guarantor’s Consolidated Net Tangible Assets. 

SECTION 1009. Limitation on Sale/Leaseback Transactions. 

The Guarantor shall not, and shall not permit any of its Subsidiaries to, enter into any Sale/Leaseback Transaction with any
Person (other than the Guarantor or a Subsidiary of the Guarantor) unless: (a) the Guarantor or such Subsidiary would be entitled to incur Indebtedness in a principal amount equal to the Attributable Indebtedness with respect to such
Sale/Leaseback Transaction secured by a Lien on the property subject to such Sale/Leaseback Transaction pursuant to Section 1008 hereof without equally and ratably securing the Notes pursuant to such covenant; (b) after the date of first
issuance of the Notes hereunder and within a period commencing nine months prior to the consummation of such Sale/Leaseback Transaction and ending nine months after the consummation thereof, the Guarantor or such Subsidiary shall have expended for
property used or to be used in the ordinary course of business of the Guarantor and its Subsidiaries an amount equal to all or a portion of the net proceeds of such Sale/Leaseback Transaction and the Guarantor shall have elected to designate such
amount as a credit against such Sale/Leaseback Transaction (with any such amount not being so designated to be applied as set forth in clause (c) below or as otherwise permitted); or (c) the Company or the Guarantor, during the nine-month
period after the effective date of such Sale/Leaseback Transaction, shall have applied to either (i) the voluntary defeasance or retirement of any Notes, any Pari Passu Indebtedness or any Funded Indebtedness or (ii) the acquisition of one
or more Principal Properties at fair value, an amount equal to the greater of the net proceeds of the sale or transfer of the property leased in such Sale/Leaseback 

  
 16 

 
Transaction and the fair value, as determined by the Guarantor Board of Directors, of such property as of the time of entering into such Sale/Leaseback Transaction (in either case adjusted to
reflect the remaining term of the lease and any amount expended by the Guarantor as set forth in clause (b) above), less an amount equal to the sum of the principal amount of Notes hereunder, Pari Passu Indebtedness and Funded Indebtedness
voluntarily defeased or retired by the Company or the Guarantor plus any amount expended to acquire any Principal Properties at fair value, within such nine-month period and not designated as a credit against any other Sale/Leaseback
Transaction entered into by the Guarantor or any Subsidiary of the Guarantor during such period. 
 SECTION 1010. Change of Control
Repurchase Event. 
 (a) Upon the occurrence of a Change of Control Repurchase Event with respect to the Notes, unless the
Company has previously or concurrently exercised its right to redeem all of the Notes, each Holder of Notes will have the right, except as provided below, to require that the Company repurchase all or any part (in denominations of $2,000 or an
integral multiple of $1,000 in excess thereof) of that Holder’s Notes for a cash price equal to 101.0% of the aggregate principal amount of the Notes to be repurchased, plus accrued and unpaid interest, if any, thereon to the date of repurchase
(the “Change of Control Payment”). 
 (b) Not later than 30 days following any Change of Control Repurchase
Event, the Company will deliver, or cause to be delivered, to the Holders of record of the Notes, with a copy to the Trustee, a notice: 

(1) describing the transaction or transactions that constitute the Change of Control Repurchase Event; 

(2) offering to repurchase, pursuant to the procedures required by this Indenture and described in the notice (a “Change of Control
Offer”), on a date specified in the notice, which shall be a Business Day not earlier than 30 days, nor later than 60 days, from the date the notice is delivered (the “Change of Control Payment Date”), and for the Change of
Control Payment, all Notes that are properly tendered by such Holder pursuant to such Change of Control Offer prior to 5:00 p.m. New York time on the second Business Day preceding the Change of Control Payment Date; and 

(3) describing the procedures, as determined by the Company, consistent with this Indenture, that Holders of record of the Notes must follow to
accept the Change of Control Offer. 
 (c) On or before the Change of Control Payment Date, the Company will, to the extent
lawful, deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of the Notes or portions of Notes properly tendered. 

  
 17 

 (d) On the Change of Control Payment Date, the Company will, to the extent
lawful: 
 (1) accept for payment all Notes or portions of Notes (in denominations of $2,000 or integral multiples of $1,000 in excess
thereof) properly tendered pursuant to the Change of Control Offer; and 
 (2) deliver or cause to be delivered to the Trustee the Notes so
accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company. 

(e) The Paying Agent will promptly deliver to each Holder who has so tendered Notes the Change of Control Payment for such
Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes so tendered, if any; provided that each such new
Note will be in a principal amount of $2,000 or integral multiples of $1,000 in excess thereof. 
 (f) If the Change of
Control Payment Date is on or after a Regular Record Date and on or before the related Interest Payment Date, any accrued and unpaid interest, if any, will be paid on the relevant Interest Payment Date to the Person in whose name a Note is
registered at the close of business on such record date. 
 (g) A Change of Control Offer will be required to remain open for
at least 20 Business Days or for such longer period as is required by law. The Company shall publicly announce the results of the Change of Control Offer on or as soon as practicable after the date of purchase. 

(h) The Company shall not be required to make a Change of Control Offer upon a Change of Control Repurchase Event if (i) a
third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to a Change of Control Offer made by the Company and purchases all Notes properly
tendered and not withdrawn under such Change of Control Offer or (ii) the Company has given notice of the redemption of all of the Notes then outstanding pursuant to paragraph 5 of the form of Notes included as Exhibit A hereto,
unless and until there is a Default in the payment of the applicable redemption price. 
 (i) The Company shall comply with
all applicable securities legislation in the United States, including, without limitation, the requirements of Rule 14e-1 under the Exchange Act and any other applicable laws and regulations in connection with the purchase of Notes pursuant to a
Change of Control Offer. To the extent that the provisions of any applicable securities laws or regulations conflict with this Section 1010, the Company shall comply with the applicable securities laws and regulations and will not be deemed to
have breached its obligations under this Section 1010 by virtue of such compliance. 

  
 18 

 (j) Notwithstanding anything to the contrary contained herein, a Change of
Control Offer may be made in advance of a Change of Control Repurchase Event, conditional upon such Change of Control Repurchase Event, if a definitive agreement is in place for the Change of Control at the time of making of the Change of Control
Offer. 
 2.7 Amendments to Article Five of the Original Indenture (Events of Default) 

. Article Five of the Original Indenture is hereby amended in respect of, and applicable to, the Notes and only in respect of, and
applicable to, the Notes by 
 (a) amending and restating in their entirety clauses (4), (5) and (6) of Section 501 of the
Original Indenture as set forth below: 
 (4) default in the performance or breach of any covenant of the Company or of the
Guarantor in this Indenture (other than a covenant default in whose performance or whose breach is elsewhere in this Section 501 specifically dealt with or that has expressly been included in this Indenture solely for the benefit of one or more
series of Securities other than the Notes), which default or breach continues uncured for a period of 90 days after there has been given, by registered or certified mail, to the Company or the Guarantor, as the case may be, by the Trustee or to the
Company or the Guarantor, as the case may be, and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Notes a written notice specifying such default or breach and requiring it to be remedied and stating that such notice
is a “Notice of Default” hereunder; or 
 (5) the entry by a court having jurisdiction in the premises of
(A) a decree or order for relief in respect of the Company or the Guarantor in an involuntary case or proceeding under any applicable U.S. federal or state bankruptcy, insolvency, reorganization or similar law of another country or political
subdivision of such country or (B) a decree or order adjudging the Company or the Guarantor bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the
Company or the Guarantor under any applicable U.S. federal, state or similar law of another country or political subdivision of such country, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestration or other similar official
of the Company or the Guarantor or of any substantial part of their respective property, or ordering the winding up or liquidation of their respective affairs, and the continuance of any such decree or order for relief or any such other decree or
order unstayed and in effect for a period of 90 consecutive days; or 
 (6) the commencement by the Company or the Guarantor
of a voluntary case or proceeding under any applicable U.S. federal or state bankruptcy, insolvency, reorganization or similar law of another country or political subdivision of such country or of any other case or proceeding to be adjudicated
bankrupt or insolvent, or the consent by the Company or the Guarantor to the entry of a decree or order for relief in respect of 

  
 19 

 
the Company or the Guarantor in an involuntary case or proceeding under any applicable U.S. federal or state bankruptcy, insolvency, reorganization or similar law of another country or political
subdivision of such country, or to the commencement of any bankruptcy or insolvency case or proceeding against the Company or the Guarantor, or the filing by the Company or the Guarantor, of a petition or answer or consent seeking reorganization or
relief under any applicable U.S. federal, state or similar law of another country or political subdivision of such country, or the consent by the Company or the Guarantor to the filing of such petition or to the appointment of or taking possession
by a custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official of the Company or the Guarantor or of any substantial part of its property, or the making by the Company or the Guarantor of an assignment for the benefit of
creditors, or the admission by the Company or the Guarantor in writing of its inability to pay its debts generally as they become due; or 
 and 

(b) adding immediately after clause (7) of Section 501 of the Original Indenture the following new clauses (8), (9) and (10),
which shall constitute additional Events of Default with respect to the Notes as contemplated by clause (7) of Section 501: 

(8) the Guarantee ceases to be in full force and effect (except in accordance with the terms of Section 804), or the
Guarantor denies or disaffirms its obligations under the Guarantee; or 
 (9) default under any bond, debenture, note or
other evidence of Indebtedness (other than Non-Recourse Indebtedness) by either the Guarantor or any Subsidiary of the Guarantor or under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or
evidenced any Indebtedness (other than Non-Recourse Indebtedness) of either the Guarantor or any Subsidiary of the Guarantor resulting in the acceleration of such Indebtedness (other than Non-Recourse Indebtedness), or any default in payment of such
Indebtedness (other than Non-Recourse Indebtedness) (after expiration of any applicable grace periods and presentation of any debt instruments, if required), if the aggregate amount of all such Indebtedness (other than Non-Recourse Indebtedness)
that has been so accelerated and with respect to which there has been such a default in payment shall exceed $25,000,000 and there has been a failure to obtain rescission or annulment of all such accelerations or to discharge all such defaulted
indebtedness within 20 days after there has been given, by registered or certified mail, to the Guarantor by the Trustee or to the Guarantor and the Trustee by the Holders of at least 25% in principal amount of all Outstanding Notes a written
notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” under the Indenture; or 

(10) failure by the Company to repurchase all of the Notes tendered for purchase upon a Change of Control Repurchase Event;
provided, however, that this clause (10) shall no longer constitute an Event of Default with respect to the Notes in the event Covenant Defeasance occurs in accordance with this Indenture. 

  
 20 

 2.8 Amendments to Article Eleven of the Original Indenture (Redemption of
Securities). 
 The Notes shall be redeemable at the option of the Company as specified in the form of Notes included as
Exhibit A hereto. Article Eleven of the Original Indenture is hereby amended in respect of, and applicable to, the Notes and only in respect of, and applicable to, the Notes by amending and restating in their entirety Section 1106
as set forth below: 
 SECTION 1106. Notes Payable on Redemption Date. 

Notice of redemption having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, become due and
payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price) such Notes shall cease to accrue interest. Upon surrender of any such Note for redemption in
accordance with said notice, such Notes shall be paid by the Company at the Redemption Price. 
 If any Notes called for
redemption shall not be so paid upon surrender thereof for redemption, the Redemption Price thereof shall accrue interest at the rate of 7.750% per annum. 

2.9 Amendments to Section 902 of the Original Indenture. 

Section 902 of the Original Indenture is amended by adding thereto, in respect of the Notes only, the following new clause (4): 

(4) release the Guarantor from its obligations under the Guarantee or the Indenture, except in accordance with the terms of the Indenture.

 Section 3. Agreement to Guarantee. 

In addition to the other covenants and agreements of Guarantor in this Second Supplemental Indenture, the Guarantor hereby agrees as follows:

 (a) Subject to Subsection 3(b) below, the Guarantor (or any successor person pursuant to the applicable provisions of this Second
Supplemental Indenture) hereby irrevocably and unconditionally guarantees (such guarantee being the “Guarantee”) to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns,
irrespective of the validity and enforceability of the Indenture and the Notes thereunder, that: (i) the principal of, premium, if any, and interest on the Notes promptly will be paid in full when due, whether at the Maturity, by acceleration,
call for redemption or otherwise, and interest on the overdue principal, premium, if any, and interest, if any, on the Notes, if lawful, and all other payment obligations of the Company to the Holders and the Trustee under the Indenture and the
Notes thereunder will be promptly paid in full, all in accordance with the terms of the Indenture and the Notes thereunder, and (ii) in case of any extension of time of payment or renewal of any Notes or any of such other payment obligations,
the same will be promptly paid in full when due in accordance with the terms of the extension or renewal, whether at Stated Maturity, by 

  
 21 

 
acceleration or otherwise. Failing payment when due by the Company of any amount so guaranteed for whatever reason, the Guarantor shall be obligated to pay the same immediately. The Guarantor
hereby agrees that its obligations hereunder shall be full and unconditional, irrespective of the validity, regularity or enforceability of the Indenture or the Notes thereunder, the absence of any action to enforce the same, any waiver or consent
by any Holder of the Notes with respect to any provisions of the Indenture or the Notes thereunder, the recovery of any judgment against the Company, or any action to enforce the same or any other circumstance that might otherwise constitute a legal
or equitable discharge or defense of a guarantor. The Guarantor hereby waives presentment, demand of payment, protest, notice and all demands whatsoever and covenants that this Guarantee shall not be discharged except by complete performance of the
obligations contained in the Notes and the Indenture. 
 (b) The Guarantor shall be subrogated to all rights of the Holders against the
Company in respect of any amounts paid by the Guarantor pursuant to the provisions of the Guarantee or the Indenture; provided, however, that the Guarantor shall not be entitled to enforce or to receive any payments arising out of, or based
upon, such right of subrogation until the principal of, premium, if any, and interest on all Notes issued under the Indenture shall have been paid in full. 

(c) The Guarantor will, with respect to the Guarantee, pay Tax Additional Amounts, subject to the requirements and limitations in
Section 312, with respect to any Withholding Tax imposed by or for the account of any Taxing Jurisdiction with respect to any payments made under the Guarantee. 

Section 4. Execution and Delivery of Guarantee. 

To evidence the Guarantee set forth in Section 3, the Company and the Guarantor hereby agree that a notation of such Guarantee shall be
endorsed on each Note authenticated and delivered by the Trustee, that such notation of such Guarantee shall be in the form attached hereto as Exhibit B, and shall be executed on behalf of the Guarantor by an officer thereof. 

The Guarantor hereby agrees that the Guarantee set forth in Section 3 shall remain in full force and effect notwithstanding any failure
to endorse on each Note a notation of the Guarantee. 
 Section 5. Limitation on Individual Liability. 

No recourse under or upon any obligation, covenant or agreement contained in this Second Supplemental Indenture or the Guarantee, or for any
claim based thereon or otherwise in respect thereof, shall be had against any incorporator, member, shareholder, officer or director, as such, past, present or future, of the Guarantor, the Company or any successor Person, either directly or through
the Guarantor or the Company, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that this Second Supplemental Indenture and the obligations
issued hereunder are solely corporate obligations, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, members, shareholders, officers or directors, as such, of the Guarantor, the Company
or any successor Person, or any of them, because of the creation of the indebtedness hereby authorized, or under or by reason of the 

  
 22 

 
obligations, covenants or agreements contained in this Second Supplemental Indenture or in the Guarantee or implied therefrom; and that any and all such personal liability of every name and
nature, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every such incorporator, member, shareholder, officer or director, as such, because of the creation of the indebtedness
hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Second Supplemental Indenture or in the Guarantee or implied therefrom, are hereby expressly waived and released as a condition of, and as a
consideration for, the execution of this Second Supplemental Indenture and the issuance of the Guarantee. 
 Section 6.
Miscellaneous 
 6.1 The Trustee. 

The recitals contained herein shall be taken as the statements of the Company and the Trustee shall not assume responsibility for, or be
liable in respect of, the correctness thereof. The Trustee makes no representation as to, and shall not be liable or responsible for, the validity or sufficiency of this Second Supplemental Indenture. 

6.2 Limited Effect. 

Except as expressly amended hereby, all of the provisions, covenants, terms and conditions of the Original Indenture are ratified and
confirmed, and shall remain in full force. 
 6.3 Counterparts. 

This Second Supplemental Indenture may be executed by one or more parties hereto on any number of separate counterparts, and all of said
counterparts taken together shall be deemed to constitute one and the same instrument. 
 6.4 Designation of Agent for Service. 

Each of the Company and the Guarantor hereby designates Noble Drilling Services Inc. as its agent for service of process in the United States
and agrees that service of process with respect to any legal claim arising under the Indenture or the Notes may be effected by service upon the Corporate Secretary or other officer of Noble Drilling Services Inc. at its principal office in the
United States. Each of the Company and the Guarantor will at all times keep such a designated agent for service in the United States and will notify the Trustee of any change thereof. 

6.5 Consent to Jurisdiction. 

Each of the Company and the Guarantor agrees that any legal suit, action or proceeding arising out of or based upon the Indenture or any Notes
may be instituted in any state or Federal court in the Borough of Manhattan, The City of New York, New York, United States of America, waives, to the extent it may effectively do so, any objection which it may have now or hereafter to the laying of
the venue of any such suit, action or proceeding, and irrevocably submits to the jurisdiction of any such court in any such suit, action or proceeding. Each of the 

  
 23 

 
Company and the Guarantor hereby irrevocably waives, to the extent permitted by law, any immunity to jurisdiction to which it may otherwise be entitled (including, without limitation, immunity to
pre-judgment attachment, post-judgment attachment and execution) in any legal suit, action or proceeding against it arising out of or based on the Indenture, the Notes or the transactions contemplated by the Indenture. The provisions of this
Section 6.4 are intended to be effective upon the execution of this Second Supplemental Indenture without any further action by the Company, the Guarantor or the Trustee and the introduction of a true copy of this Second Supplemental Indenture
into evidence shall be conclusive and final evidence as to such matters. 
 6.6 Governing Law. 

THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE DEEMED TO BE A CONTRACT UNDER THE LAWS OF THE STATE OF NEW YORK AND FOR ALL PURPOSES SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF SUCH STATE. 
 [signature page follows] 

  
 24 

 IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly
executed, as a deed under Cayman Islands law in the case of the Company and the Guarantor, all as of the day and year first above written. 
  

			
	NOBLE HOLDING INTERNATIONAL
	LIMITED, a Cayman Islands company
		
	By:	 	 /s/ Alan R. Hay

		 	Name: Alan R. Hay
		 	Title:   Director
	
	 NOBLE CORPORATION,
 a Cayman Islands
company

		
	By:	 	 /s/ Alan R. Hay

		 	Name: Alan R. Hay
		 	Title:   Vice President and
		 	            Secretary
	
	WELLS FARGO BANK, N.A.
		
	By:	 	 /s/ Patrick Giordano

		 	Name: Patrick Giordano
		 	Title:   Vice President

 Signature Page to Second Supplemental Indenture 

 EXHIBIT A 

[FORM OF NOTE] 
 UNLESS THIS CERTIFICATE
IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER,
PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

THIS NOTE HAS BEEN ISSUED WITH “ORIGINAL ISSUE DISCOUNT” (WITHIN THE MEANING OF SECTION 1273 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED). UPON
WRITTEN REQUEST, THE COMPANY (AS DEFINED BELOW) WILL PROMPTLY MAKE AVAILABLE TO ANY HOLDER OF THIS NOTE THE FOLLOWING INFORMATION: (1) THE ISSUE PRICE AND DATE OF THE NOTE, (2) THE AMOUNT OF ORIGINAL ISSUE DISCOUNT ON THE NOTE AND
(3) THE YIELD TO MATURITY OF THE NOTE. 
 NOBLE HOLDING INTERNATIONAL LIMITED 

7.750% SENIOR NOTE DUE 2024 

$             

 

			
	 CUSIP No. 65504L AP2
	  	ISIN No. US65504LAP22

 Issue Date:              

Noble Holding International Limited, a Cayman Islands exempted company with limited liability (the “Company”), promises to pay to
            or its registered assigns, the principal amount of
            ($            ) on January 15, 2024. This Note shall bear interest as specified on the reverse side of this
Note. Additional provisions of this Note are set forth on the reverse side of this Note. 

  
 A-1 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed as a deed under
Cayman Islands law. 
  

			
	 NOBLE HOLDING INTERNATIONAL

LIMITED, a Cayman Islands company

		
	By:	 	  

		 	Name: Alan R. Hay
		 	Title:   Director

  
 A-2 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

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

Dated: 
  

			
	WELLS FARGO BANK, N.A.
		
	By:	 	  

	Name:
	Title:

  
 A-3 

 [FORM OF REVERSE SIDE OF THE NOTE] 

7.750% SENIOR NOTE DUE 2024 

1. Interest. Commencing [            ], interest on this Note will accrue
at the rate of 7.750% per annum and will be payable in cash semi-annually on January 15 and July 15 of each year, commencing [            ], to Holders of record on the close
of business on the immediately preceding January 1 and July 1. 
 2. Method of Payment. Subject to the terms and conditions
of the Indenture, payments in respect of the Notes shall be made at the office or agency of the Company maintained for that purpose in the City and State of New York. The Company will pay cash amounts in money of the United States that at the time
of payment is legal tender for payment of public and private debts. The Company may pay interest by wire transfer to bank accounts in the United States designated in writing to Wells Fargo Bank, N.A., as Trustee (the “Trustee”), at
least 15 days before the applicable payment date by registered Holders of the Notes. 
 3. Paying Agent and Security Registrar.
Initially, the Trustee will act as Paying Agent and Security Registrar. The Company may appoint and change any paying agent or security registrar without notice, other than notice to the Trustee. The Company or any of its Subsidiaries or any of
their Affiliates may act as Paying Agent or Security Registrar. 
 4. Indenture. The Company issued the Notes under an Indenture,
dated as of March 16, 2015, between the Company and the Trustee, as supplemented by a Second Supplemental Indenture, dated as of December 28, 2016, between the Company, the Trustee and Noble Corporation, a Cayman Islands exempted company
with limited liability, as Guarantor (collectively, the “Indenture”). The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (the
“Trust Indenture Act”). Capitalized terms used herein and not defined herein have the meanings ascribed thereto in the Indenture. The Notes are subject to all such terms, and Holders are referred to the Indenture and the Trust
Indenture Act for a statement of those terms. 
 The Notes are general unsecured and unsubordinated obligations of the Company, initially
limited to $1,000,000,000 aggregate principal amount, subject to the Company’s ability to issue additional Notes as provided in the Indenture. 

5. Redemption at the Option of the Company. No sinking fund is provided for the Notes. The Notes shall be redeemable at the option of
the Company, at any time or from time to time, in whole or in part, on any date prior to maturity in principal amount of $2,000 and integral multiples of $1,000 in excess thereof, upon not less than 30 nor more than 60 days’ notice to the
Holders prior to the Redemption Date. The Redemption Price for the Notes to be redeemed at any time on or after October 15, 2023 will be equal to the Par Call Redemption Price. The Redemption Price for the Notes to be redeemed at any time prior
to October 15, 2023 will be equal to the Make-Whole Redemption Price. 

  
 A-4 

 If notice of redemption has been given as provided in Article Eleven of the Indenture and
funds for the redemption of any Notes called for redemption shall have been made available on the Redemption Date referred to in such notice, such Notes will cease to bear interest on the date fixed for such redemption specified in such notice and
the only right of the Holders of the Notes from and after the Redemption Date will be to receive payment of the Par call Redemption Price or the Make-Whole Redemption Price, as applicable, upon surrender of such Notes in accordance with such notice.

 6. Repurchase at the Option of Holders. The Holders shall have the right to require the Company to repurchase the Notes upon a
Change of Control Repurchase Event as specified in Section 1010 of the Indenture. 
 7. Tax Additional Amounts. The Company and
the Guarantor shall pay Tax Additional Amounts, if any, as provided in the Indenture. 
 8. Denominations; Transfer; Exchange. The
Notes are in registered form, without coupons, in denominations of $2,000 of principal amount and integral multiples of $1,000 in excess thereof. A Holder may register the transfer of or exchange Notes in accordance with the Indenture. The Security
Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. The Company shall not be required to exchange or register a
transfer of (a) any Notes for a period of 15 days next preceding the first mailing or publication of notice of redemption of Notes to be redeemed or (b) any Notes selected, called or being called for redemption, in whole or in part,
except, in the case of any Note to be redeemed in part, the portion thereof not so to be redeemed. 
 9. Persons Deemed Owners. The
registered Holder of this Note may be treated as the owner of this Note for all purposes. 
 10. Unclaimed Money. Unless otherwise
required by law, the Trustee and each Paying Agent shall each return to the Company upon written request any money held by them for the payment of any amount with respect to the Notes that remains unclaimed for three years. After return to the
Company, Holders entitled to the money must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person. 

11. Amendment; Waiver. Subject to certain exceptions set forth in the Indenture, (i) the Indenture or the Notes may be amended
with the written consent of the Holders of a majority in aggregate principal amount of the Notes at the time Outstanding and (ii) certain defaults or noncompliance with certain provisions may be waived with the written consent of the Holders of
a majority in aggregate principal amount of the Notes at the time Outstanding. Subject to certain exceptions set forth in the Indenture, without the consent of any Holder, the Company and the Trustee may amend the Indenture or the Notes to cure any
ambiguity, defect or inconsistency, or to comply with Article Nine of the Indenture, or to make any change that does not adversely affect the rights of any Holder of Notes in any material respect. 

12. Defaults and Remedies. If an Event of Default occurs relating to certain bankruptcy events as provided in the Indenture, the
principal amount of and accrued interest on the Notes 

  
 A-5 

 
shall automatically become due and payable without any action of the Trustee or the Holders of Notes. Except as provided in the Indenture, if any other Event of Default shall occur and be
continuing, the Trustee or the Holders of not less than 25% in aggregate principal amount of the Notes then Outstanding, by notice in writing to the Company (and to the Trustee, if given by the Holders), may declare the principal of and accrued
interest on all of the Notes and the interest, if any, accrued thereon to be due and payable immediately. 
 The Company is required to
furnish to the Trustee annually a certificate as to compliance by the Company with all conditions and covenants under the Indenture. 
 13.
Trustee Dealings With the Company. Subject to certain limitations imposed by the Trust Indenture Act and the Indenture, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may
otherwise deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee. 

14. No Recourse Against Others. A director, officer, employee, member or stockholder, as such, of the Company or the Guarantor shall
not have any liability for any obligations of the Company or the payment obligations of the Guarantor under the Notes or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Note,
each Holder waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Notes and the Guarantee. 

15. Authentication. This Note shall not be valid until an authorized signatory of the Trustee manually signs the Trustee’s
Certificate of Authentication on the other side of this Note. 
 16. Defeasance, Covenant Defeasance. The Notes are subject to
defeasance and covenant defeasance as provided in the Indenture, including Sections 403 and 405 of the Indenture. 
 17.
Abbreviations. Customary abbreviations may be used in the name of a Holder of Notes or an 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). 
 18. Governing Law. THIS NOTE AND THE INDENTURE
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 The Company will furnish to any Holder of Notes
upon written request and without charge a copy of the Indenture. Requests may be made to: Noble Corporation, Suite 3D, Landmark Square, 64 Earth Close, P.O. Box 31327, George Town, Grand Cayman, Cayman Islands, KY1-1206, Attention: Corporate
Secretary. 

  
 A-6 

 ASSIGNMENT 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

(Please insert Name, Social Security Number or other Identifying Number of Assignee) at the following address: 

(Please print or typewrite name and address, including postal zip code, of assignee) 

this Note and all rights hereunder, hereby irrevocably constituting and appointing
                                         Attorney
to transfer this Note on the books of the Trustee, with full power of substitution in the premises. 
 Dated:
                                         
     
  

                          
                               

Notice: The signature(s) on this 
 Assignment must correspond with
the 
 name(s) as written upon the face of 
 this Note in every
particular, without 
 alteration or enlargement or any 
 change
whatsoever. 

  
 A-7 

 EXHIBIT B 

[FORM OF NOTATION OF GUARANTEE] 

NOTATION OF PAYMENT GUARANTEE OF 

NOBLE CORPORATION 
 A
CAYMAN ISLANDS COMPANY 
 For value received, the undersigned, Noble Corporation, a Cayman Islands exempted company with limited
liability (the “Guarantor,” which term includes any successor person under the indenture referred to below), has unconditionally guaranteed, to the extent set forth in, and subject to the provisions of, the Second Supplemental
Indenture, dated as of December 28, 2016 (the “Second Supplemental Indenture”), among Noble Holding International Limited, a Cayman Islands exempted company with limited liability (the “Company”), the Guarantor
and Wells Fargo Bank, N.A., as trustee (the “Trustee”), (a) the due and punctual payment of the principal of, premium, if any, and interest on the Notes (as defined in the Second Supplemental Indenture), whether at maturity, by
acceleration, redemption or otherwise, the due and punctual payment of interest on overdue principal of, premium, if any, and interest on the Notes, if any, if lawful, and the due and punctual performance of all other payment obligations of the
Company to the holders of the Notes or the Trustee all in accordance with the terms of the Indenture, dated as of March 16, 2015, between the Company and the Trustee and the Second Supplemental Indenture with respect to the Company’s
7.750% Senior Notes due 2024, and (b) in case of any extension of time of payment or renewal of any Notes or any of such other payment obligations, that the same will be promptly paid in full when due in accordance with the terms of the
extension or renewal, whether at stated maturity, by acceleration or otherwise. The payment obligations of the Guarantor to the holders of the Notes and to the Trustee pursuant to this guarantee are expressly set forth in Sections 3 through 5
of the Second Supplemental Indenture, and reference is hereby made to the Second Supplemental Indenture for the precise terms of this payment guarantee. 

  
 B-1 

 IN WITNESS WHEREOF, Noble Corporation has caused this Notation of Payment Guarantee to be duly
executed as of the day and year first above written. 
  

			
	NOBLE CORPORATION,
	 a Cayman Islands Company,
 as
Guarantor

		
	By:	 	  

	 Name: Alan R. Hay

	 Title:   Vice President and Secretary

  
 B-2

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