Document:

Indenture

 Exhibit 4.1 

 
  

CHESAPEAKE ENERGY CORPORATION, 

as Issuer, 
 THE
SUBSIDIARY GUARANTORS PARTY HERETO, 
 as Guarantors, 

AND 
 THE BANK OF
NEW YORK MELLON TRUST COMPANY, N.A., 
 as Trustee 

 
  

INDENTURE 
 DATED
AS OF AUGUST 2, 2010 
  
  

DEBT SECURITIES 
  

 
  

 

 CROSS-REFERENCE TABLE 

 

						
	 TIA SECTION
	  	INDENTURE SECTION	 
	310	 	(a)(1)	  	7.10	  
		 	(a)(2)	  	7.10	  
		 	(a)(3)	  	N.A.	  
		 	(a)(4)	  	N.A.	  
		 	(a)(5)	  	7.08	  
		 	(b)	  	7.08; 7.10	  
		 	(c)	  	N.A.	  
	311	 	(a)	  	7.11	  
		 	(b)	  	7.11	  
		 	(c)	  	N.A.	  
	312	 	(a)	  	2.08	  
		 	(b)	  	13.03	  
		 	(c)	  	13.03	  
	313	 	(a)	  	7.06	  
		 	(b)(1)	  	7.06	  
		 	(b)(2)	  	7.06	  
		 	(c)	  	7.06; 13.02	  
		 	(d)	  	7.06	  
	314	 	(a)	  	4.02; 4.03; 13.02	  
		 	(b)	  	N.A.	  
		 	(c)(1)	  	13.04	  
		 	(c)(2)	  	13.04	  
		 	(c)(3)	  	N.A.	  
		 	(d)	  	N.A.	  
		 	(e)	  	13.05	  
		 	(f)	  	N.A.	  
	315	 	(a)	  	7.01	(b) 
		 	(b)	  	7.05; 13.02	  
		 	(c)	  	7.01	(a) 
		 	(d)	  	7.01	(c) 
		 	(e)	  	6.11	  
	316	 	(a)(last sentence)	  	2.11	  
		 	(a)(1)(A)	  	6.05	  
		 	(a)(1)(B)	  	6.02; 6.04; 9.02	  
		 	(a)(2)	  	N.A.	  
		 	(b)	  	6.07	  
		 	(c)	  	N.A.	  
	317	 	(a)(1)	  	6.08	  
		 	(a)(2)	  	6.09	  
		 	(b)	  	2.07	  
	318	 	(a)	  	13.01	  
	318	 	(c)	  	13.01	  

  

N.A. means Not Applicable 
 NOTE: This
Cross-Reference table shall not, for any purpose, be deemed part of this Indenture. 
  

 -i- 

 TABLE OF CONTENTS 

 

					
	 	  	 	  	Page
	ARTICLE ONE DEFINITIONS AND INCORPORATION BY REFERENCE	  	1
			
	 SECTION 1.01
	  	    DEFINITIONS	  	1
	 SECTION 1.02
	  	    OTHER DEFINITIONS	  	11
	 SECTION 1.03
	  	    INCORPORATION BY REFERENCE OF TRUST INDENTURE ACT	  	11
	 SECTION 1.04
	  	    RULES OF CONSTRUCTION	  	11
		
	ARTICLE TWO THE SECURITIES	  	12
			
	 SECTION 2.01
	  	    FORM AND DATING	  	12
	 SECTION 2.02
	  	    FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION	  	13
	 SECTION 2.03
	  	    AMOUNT UNLIMITED; ISSUABLE IN SERIES; DENOMINATIONS	  	13
	 SECTION 2.04
	  	    EXECUTION OF SECURITIES	  	17
	 SECTION 2.05
	  	    AUTHENTICATION AND DELIVERY OF SECURITIES	  	17
	 SECTION 2.06
	  	    REGISTRAR, PAYING AGENT AND CONVERSION AGENT	  	18
	 SECTION 2.07
	  	    PAYING AGENT TO HOLD MONEY IN TRUST	  	19
	 SECTION 2.08
	  	    HOLDER LISTS	  	19
	 SECTION 2.09
	  	    TRANSFER AND EXCHANGE	  	19
	 SECTION 2.10
	  	    REPLACEMENT SECURITIES	  	20
	 SECTION 2.11
	  	    OUTSTANDING SECURITIES	  	20
	 SECTION 2.12
	  	    TEMPORARY SECURITIES	  	21
	 SECTION 2.13
	  	    SECURITIES ISSUABLE IN THE FORM OF A GLOBAL SECURITY	  	21
	 SECTION 2.14
	  	    CANCELLATION	  	23
	 SECTION 2.15
	  	    DEFAULTED INTEREST	  	23
	 SECTION 2.16
	  	    CUSIP NUMBERS	  	23
		
	ARTICLE THREE REDEMPTION	  	23
			
	 SECTION 3.01
	  	    APPLICABILITY OF ARTICLE	  	23
	 SECTION 3.02
	  	    NOTICE TO TRUSTEE	  	24
	 SECTION 3.03
	  	    SELECTION OF SECURITIES TO BE REDEEMED	  	24
	 SECTION 3.04
	  	    NOTICE OF REDEMPTION	  	24
	 SECTION 3.05
	  	    EFFECT OF NOTICE OF REDEMPTION	  	25
	 SECTION 3.06
	  	    DEPOSIT OF REDEMPTION PRICE	  	25
	 SECTION 3.07
	  	    SECURITIES REDEEMED IN PART	  	26
	 SECTION 3.08
	  	    MANDATORY AND OPTIONAL SINKING FUNDS	  	26
	 SECTION 3.09
	  	    REDEMPTION OF SECURITIES FOR SINKING FUND	  	26
		
	ARTICLE FOUR COVENANTS	  	27
			
	 SECTION 4.01
	  	    PAYMENT OF SECURITIES	  	27
	 SECTION 4.02
	  	    SEC REPORTS	  	27

  

 -ii- 

 TABLE OF CONTENTS 

(continued) 
  

					
	 	 	 	  	Page
	 SECTION 4.03
	 	    COMPLIANCE CERTIFICATES	  	28
	 SECTION 4.04
	 	    MAINTENANCE OF OFFICE OR AGENCY	  	28
	 SECTION 4.05
	 	    CONTINUED EXISTENCE	  	28
	 SECTION 4.06
	 	    WAIVER OF STAY, EXTENSION OR USURY LAWS	  	29
	 SECTION 4.07
	 	    PAYMENT OF TAXES AND OTHER CLAIMS	  	29
	 SECTION 4.08
	 	    MAINTENANCE OF PROPERTIES AND INSURANCE	  	29
	 SECTION 4.09
	 	    LIMITATION ON LIENS SECURING FUNDED DEBT	  	30
	 SECTION 4.10
	 	    LIMITATION ON SALE/LEASEBACK TRANSACTIONS	  	30
		
	ARTICLE FIVE SUCCESSORS	  	32
			
	 SECTION 5.01
	 	    WHEN COMPANY MAY MERGE, ETC	  	32
	 SECTION 5.02
	 	    SUCCESSOR SUBSTITUTED	  	33
		
	ARTICLE SIX DEFAULTS AND REMEDIES	  	33
			
	 SECTION 6.01
	 	    EVENTS OF DEFAULT	  	33
	 SECTION 6.02
	 	    ACCELERATION	  	35
	 SECTION 6.03
	 	    OTHER REMEDIES	  	35
	 SECTION 6.04
	 	    WAIVER OF PAST DEFAULTS	  	36
	 SECTION 6.05
	 	    CONTROL BY MAJORITY	  	36
	 SECTION 6.06
	 	    LIMITATION ON REMEDIES	  	36
	 SECTION 6.07
	 	    RIGHTS OF HOLDERS TO RECEIVE PAYMENT	  	36
	 SECTION 6.08
	 	    COLLECTION SUIT BY TRUSTEE	  	36
	 SECTION 6.09
	 	    TRUSTEE MAY FILE PROOFS OF CLAIM	  	37
	 SECTION 6.10
	 	    PRIORITIES	  	37
	 SECTION 6.11
	 	    UNDERTAKING FOR COSTS	  	37
		
	ARTICLE SEVEN TRUSTEE	  	38
			
	 SECTION 7.01
	 	    DUTIES OF TRUSTEE	  	38
	 SECTION 7.02
	 	    RIGHTS OF TRUSTEE	  	39
	 SECTION 7.03
	 	    INDIVIDUAL RIGHTS OF TRUSTEE	  	40
	 SECTION 7.04
	 	    TRUSTEE’S DISCLAIMER	  	40
	 SECTION 7.05
	 	    NOTICE OF DEFAULTS	  	40
	 SECTION 7.06
	 	    REPORTS BY TRUSTEE TO HOLDERS	  	40
	 SECTION 7.07
	 	    COMPENSATION AND INDEMNITY	  	41
	 SECTION 7.08
	 	    SEPARATE TRUSTEE; REPLACEMENT OF TRUSTEE	  	42
	 SECTION 7.09
	 	    SUCCESSOR TRUSTEE BY MERGER, ETC	  	42
	 SECTION 7.10
	 	    ELIGIBILITY; DISQUALIFICATION	  	43
	 SECTION 7.11
	 	    PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY	  	43
		
	ARTICLE EIGHT DEFEASANCE	  	43
			
	 SECTION 8.01
	 	    APPLICABILITY OF ARTICLE	  	43

  

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 TABLE OF CONTENTS 

(continued) 
  

					
	  	 	  	  	 Page

	 SECTION 8.02
	 	    OPTION TO EFFECT LEGAL DEFEASANCE OR COVENANT DEFEASANCE	  	43
	 SECTION 8.03
	 	    LEGAL DEFEASANCE AND DISCHARGE	  	43
	 SECTION 8.04
	 	    COVENANT DEFEASANCE	  	44
	 SECTION 8.05
	 	    CONDITIONS TO LEGAL OR COVENANT DEFEASANCE	  	44
	 SECTION 8.06
	 	     DEPOSITED MONEY AND U.S. GOVERNMENT SECURITIES TO BE HELD IN TRUST;

    OTHER MISCELLANEOUS PROVISIONS
	  	45
	 SECTION 8.07
	 	    REPAYMENT TO COMPANY	  	46
	 SECTION 8.08
	 	    REINSTATEMENT	  	46
		
	 ARTICLE NINE AMENDMENTS, SUPPLEMENTS AND WAIVERS
	  	47
			
	 SECTION 9.01
	 	    WITHOUT CONSENT OF HOLDERS	  	47
	 SECTION 9.02
	 	    WITH CONSENT OF HOLDERS	  	48
	 SECTION 9.03
	 	    COMPLIANCE WITH TRUST INDENTURE ACT	  	49
	 SECTION 9.04
	 	    REVOCATION AND EFFECT OF CONSENTS	  	49
	 SECTION 9.05
	 	    NOTATION ON OR EXCHANGE OF SECURITIES	  	50
	 SECTION 9.06
	 	    TRUSTEE PROTECTED	  	50
		
	 ARTICLE TEN GUARANTEES
	  	50
			
	 SECTION 10.01
	 	    APPLICABILITY OF ARTICLE	  	50
	 SECTION 10.02
	 	    UNCONDITIONAL GUARANTEE	  	50
	 SECTION 10.03
	 	    SUBSIDIARY GUARANTORS MAY CONSOLIDATE, ETC., ON CERTAIN TERMS	  	51
	 SECTION 10.04
	 	    ADDITION OF SUBSIDIARY GUARANTORS	  	52
	 SECTION 10.05
	 	    RELEASE OF A SUBSIDIARY GUARANTOR	  	52
	 SECTION 10.06
	 	    LIMITATION OF SUBSIDIARY GUARANTOR’S LIABILITY	  	53
	 SECTION 10.07
	 	    CONTRIBUTION	  	53
	 SECTION 10.08
	 	    SEVERABILITY	  	53
		
	 ARTICLE ELEVEN SUBORDINATION OF SECURITIES
	  	53
			
	 SECTION 11.01
	 	    APPLICABILITY OF ARTICLE; AGREEMENT TO SUBORDINATE	  	53
	 SECTION 11.02
	 	    LIQUIDATION, DISSOLUTION, BANKRUPTCY	  	54
	 SECTION 11.03
	 	    DEFAULT ON SENIOR INDEBTEDNESS	  	55
	 SECTION 11.04
	 	    ACCELERATION OF PAYMENT OF DEBT SECURITIES	  	57
	 SECTION 11.05
	 	    WHEN DISTRIBUTION MUST BE PAID OVER	  	57
	 SECTION 11.06
	 	    SUBROGATION	  	57
	 SECTION 11.07
	 	    RELATIVE RIGHTS	  	57
	 SECTION 11.08
	 	    SUBORDINATION MAY NOT BE IMPAIRED BY COMPANY	  	57
	 SECTION 11.09
	 	    RIGHTS OF TRUSTEE AND PAYING AGENT	  	57

  

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 TABLE OF CONTENTS 

(continued) 
  

					
	  	 	  	  	 Page

	 SECTION 11.10
	 	    DISTRIBUTION OR NOTICE TO REPRESENTATIVE	  	58
	 SECTION 11.11
	 	    ARTICLE ELEVEN NOT TO PREVENT DEFAULTS OR LIMIT RIGHT TO ACCELERATE	  	58
	 SECTION 11.12
	 	    TRUST MONEYS NOT SUBORDINATED	  	58
	 SECTION 11.13
	 	    TRUSTEE ENTITLED TO RELY	  	58
	 SECTION 11.14
	 	    TRUSTEE TO EFFECTUATE SUBORDINATION	  	59
	 SECTION 11.15
	 	    RELIANCE BY HOLDERS OF SENIOR INDEBTEDNESS ON SUBORDINATION PROVISIONS	  	59
		
	 ARTICLE TWELVE SATISFACTION AND DISCHARGE
	  	59
			
	 SECTION 12.01
	 	    SATISFACTION AND DISCHARGE OF INDENTURE	  	59
	 SECTION 12.02
	 	    APPLICATION OF TRUST MONEY	  	60
		
	 ARTICLE THIRTEEN MISCELLANEOUS
	  	60
			
	 SECTION 13.01
	 	    TRUST INDENTURE ACT CONTROLS	  	60
	 SECTION 13.02
	 	    NOTICES	  	61
	 SECTION 13.03
	 	    COMMUNICATION BY HOLDERS WITH OTHER HOLDERS	  	62
	 SECTION 13.04
	 	    CERTIFICATE AND OPINION AS TO CONDITIONS PRECEDENT	  	62
	 SECTION 13.05
	 	    STATEMENTS REQUIRED IN CERTIFICATE OR OPINION	  	62
	 SECTION 13.06
	 	    RULES BY TRUSTEE AND AGENTS	  	63
	 SECTION 13.07
	 	    LEGAL HOLIDAYS	  	63
	 SECTION 13.08
	 	    GOVERNING LAW	  	63
	 SECTION 13.09
	 	    NO ADVERSE INTERPRETATION OF OTHER AGREEMENTS	  	63
	 SECTION 13.10
	 	    NO RECOURSE AGAINST OTHERS	  	63
	 SECTION 13.11
	 	    SUCCESSORS	  	64
	 SECTION 13.12
	 	    DUPLICATE ORIGINALS	  	64
	 SECTION 13.13
	 	    SEVERABILITY	  	64
	 SECTION 13.14
	 	    FORCE MAJEURE	  	64
	 SECTION 13.15
	 	    WAIVER OF JURY TRIAL	  	64

  

	NOTE:    This	Table of Contents shall not, for any purpose, be deemed to be a part of this Indenture. 

 

 -v- 

 INDENTURE, dated as of August 2, 2010, among CHESAPEAKE ENERGY CORPORATION, an Oklahoma
corporation (the “Company”), the SUBSIDIARY GUARANTORS party hereto and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association, as Trustee. 

RECITALS OF THE COMPANY AND THE SUBSIDIARY GUARANTORS 

WHEREAS, the Company and each Subsidiary Guarantor have duly authorized the execution and delivery of this Indenture to provide for the
issuance from time to time of the Company’s debentures, notes, bonds or other evidences of indebtedness in one or more series (herein called the “Securities”), and the guarantee by Subsidiary Guarantors of each such series of
such Securities the terms of which provide for such guarantee; and 
 WHEREAS, the Company and the Subsidiary Guarantors are
members of the same consolidated group of companies, and the Subsidiary Guarantors will derive direct and indirect economic benefits from the issuance of the Securities; and 

WHEREAS, accordingly, each Subsidiary Guarantor has duly authorized the execution and delivery of this Indenture to provide for its
guarantee of each series of the Securities the terms of which provide for such guarantee, to the extent provided in or pursuant to this Indenture; and 

WHEREAS, all things necessary to make this Indenture a legal, valid and binding agreement of the Company and each Subsidiary Guarantor,
in accordance with its terms, have been done; 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

For and in consideration of the premises, and of the purchase and acceptance of the Securities by the holders thereof, it is mutually
agreed, for the benefit of the respective Holders from time to time of the Securities or any series thereof, as follows: 

ARTICLE ONE 

DEFINITIONS AND INCORPORATION BY REFERENCE 

SECTION 1.01 Definitions. 

“Adjusted Consolidated Net Tangible Assets” or “ACNTA” means (without duplication), as of the date of
determination, (a) the sum of (i) discounted future net revenue from proved oil and gas reserves of the Company and its Subsidiaries calculated in accordance with SEC guidelines before any state or federal income taxes, as estimated by
petroleum engineers (which may include the Company’s internal engineers) in a reserve report prepared as of the end of the Company’s most recently completed fiscal year, as increased by, as of the date of determination, the discounted
future net revenue of (A) estimated proved oil and gas reserves of the Company and its Subsidiaries attributable to any acquisition consummated since the date of such year-end reserve report, and (B) estimated proved oil and gas reserves
of the Company and its Subsidiaries attributable to extensions, discoveries and other additions and upward revisions of estimates of proved oil and gas reserves due to exploration, development or

 
exploitation, production or other activities conducted or otherwise occurring since the date of such year-end reserve report, which, in the case of sub-clauses (A) and (B), would, in
accordance with standard industry practice, result in such increases as calculated in accordance with SEC guidelines (utilizing the prices utilized in such year-end reserve report), and decreased by, as of the date of determination, the discounted
future net revenue of (C) estimated proved oil and gas reserves of the Company and its Subsidiaries produced or disposed of since the date of such year-end reserve report and (D) reductions in the estimated oil and gas reserves of the
Company and its Subsidiaries since the date of such year-end reserve report attributable to downward revisions of estimates of proved oil and gas reserves due to exploration, development or exploitation, production or other activities conducted or
otherwise occurring since the date of such year-end reserve report which, in the case of sub-clauses (C) and (D), would, in accordance with standard industry practice, result in such decreases as calculated in accordance with SEC guidelines
(utilizing the prices utilized in such year-end reserve report); provided that, in the case of each of the determinations made pursuant to clauses (A) through (D), such increases and decreases may be estimated by the Company’s
engineers, (ii) the capitalized costs that are attributable to oil and gas properties of the Company and its 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 annual or quarterly financial statements, (iii) the Net Working Capital on a date no earlier than the date of the Company’s latest annual or quarterly financial statements and
(iv) the greater of (I) the net book value on a date no earlier than the date of the Company’s latest annual or quarterly financial statements and (II) the appraised value, as estimated by independent appraisers, of other
tangible assets (including Investments in unconsolidated Subsidiaries) of the Company and its Subsidiaries, as of a date no earlier than the date of the Company’s latest audited financial statements, minus (b) the sum of (i) minority
interests, (ii) any gas balancing liabilities of the Company and its Subsidiaries reflected as a long-term liability in the Company’s latest annual or quarterly financial statements, (iii) the discounted future net revenue, calculated
in accordance with SEC guidelines (utilizing the prices utilized in the Company’s year-end reserve report), attributable to reserves which are required to be delivered to third parties to fully satisfy the obligations of the Company and its
Subsidiaries with respect to Volumetric Production Payments on the schedules specified with respect thereto, (iv) the discounted future net revenue, calculated in accordance with SEC guidelines, attributable to reserves subject to
Dollar-Denominated Production Payments which, based on the estimates of production included in determining the discounted future net revenue specified in (a) (i) above (utilizing the same prices utilized in the Company’s year-end
reserve report), would be necessary to fully satisfy the payment obligations of the Company and its Subsidiaries with respect to Dollar-Denominated Production Payments on the schedules specified with respect thereto and (v) the discounted
future net revenue, calculated in accordance with SEC guidelines (utilizing the same prices utilized in the Company’s year-end reserve report), attributable to reserves subject to participation interests, overriding royalty interests or other
interests of third parties, pursuant to participation, partnership, vendor financing or other agreements then in effect, or which otherwise are required to be delivered to third parties. If the Company changes its method of accounting from the full
cost method to the successful efforts method or a similar method of accounting, Adjusted Consolidated Net Tangible Assets will continue to be calculated as if the Company were still using the full cost method of accounting. 

 

 -2- 

 “Adjusted Net Assets of a Subsidiary Guarantor” at any date shall mean the
lesser of (i) the amount by which the fair value of the property of such Subsidiary Guarantor exceeds the total amount of liabilities, including, without limitation, contingent liabilities (after giving effect to all other fixed and contingent
liabilities incurred or assumed on such date), but excluding liabilities under the Guarantee of such Subsidiary Guarantor at such date and (ii) the amount by which the present fair saleable value of the assets of such Subsidiary Guarantor at
such date exceeds the amount that will be required to pay the probable liability of such Subsidiary Guarantor on its debts (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date and after giving effect to
any collection from any Subsidiary of such Subsidiary Guarantor in respect of the obligations of such Subsidiary under the Guarantee), excluding debt in respect of the Guarantee, as they become absolute and matured. 

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

“Agent” means any Registrar, Paying Agent or Conversion Agent. 

“Attributable Indebtedness” means, with respect to any particular lease under which any Person is at the time liable and
at any date as of which the amount thereof is to be determined, the present value of the total net amount of rent required to be paid by such Person under the lease during the primary term thereof, without giving effect to any renewals at the option
of the lessee, discounted from the respective due dates thereof to such date at the rate of interest per annum implicit in the terms of the lease. As used in the preceding sentence, the “net amount of rent” under any lease for any such
period shall mean the sum of rental and other payments required to be paid with respect to such period by the lessee thereunder excluding any amounts required to be paid by such lessee on account of maintenance and repairs, insurance, taxes,
assessments, water rates or similar charges. In the case of any lease which is terminable by the lessee upon payment of a penalty, such net amount of rent shall also include the amount of such 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. 
 “Board of
Directors” means, with respect to any Person, the Board of Directors or other governing body of such Person or any committee thereof duly authorized to act on behalf of such Board of Directors or such other governing body. 

“Board Resolution” means, with respect to any Person, a copy of a resolution certified by the Secretary or an Assistant
Secretary of such Person to have been duly adopted by the Board of Directors of such Person and to be in full force and effect on the date of such certification, and delivered to the Trustee. 

“Business Day” means any day on which the New York Stock Exchange is open for trading and which is not a Legal Holiday.

 “Capital Stock” means, with respect to any Person, any and all shares, interests, participations or other
equivalents (however designated) of corporate stock, partnership or 
  

 -3- 

 
limited liability company interests or other equity securities (including, without limitation, beneficial interests in or other securities of a trust) and any and all warrants, options and rights
with respect thereto (whether or not currently exercisable), including each class of common stock and preferred stock of such Person. 

“Company” means the party named as such above, until a successor replaces such Person in accordance with the terms of
this Indenture, and thereafter means such successor. 
 “Company Request” or “Company Order”
means a written request or order signed in the name of the Company by two Officers of the Company, or by one Officer of the Company and either an Assistant Treasurer or an Assistant Secretary of the Company, and delivered to the Trustee. 

“Corporate Trust Office” means, as to any series of Securities, the principal office of the Trustee with respect to such
series at which at any time its corporate trust business shall be administered, which office at the date hereof is located at 2 N. LaSalle Street, Suite 1020, Chicago, IL 60602, Attention: Corporate Trust Administration, or such other address as the
Trustee may designate from time to time by notice to 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 of
Securities of such series and the Company). 
 “Credit Facilities” means one or more debt facilities
(including, without limitation, the Company’s existing credit facility) or commercial paper facilities, in each case with banks, investment banks, insurance companies, mutual funds and/or other institutional lenders 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 (or sell receivables to) such lenders against such receivables) or letters of credit, in
each case, as amended, extended, restated, renewed, refunded, replaced (whether contemporaneously or otherwise) or refinanced (in each case with Credit Facilities), supplemented or otherwise modified (in whole or in part and without limitation as to
amount, terms, conditions, covenants and other provisions) from time to time. 
 “Default” means, with respect
to a series of Securities, any event which is, or after notice or passage of time would be, an Event of Default with respect to Securities of such series. 

“De Minimis Guaranteed Amount” means a principal amount of Indebtedness that does not exceed $25,000,000. 

“Depositary” means, unless otherwise specified by the Company pursuant to either Section 2.03 or
2.13, with respect to any series of Securities issuable or issued in whole or in part in the form of one or more Global Securities, The Depository Trust Company, New York, New York, or any successor Depositary registered as a clearing agency
under the Exchange Act or other applicable statute or regulations. 
 “Designated Senior Indebtedness” means
any series or issue of Senior Indebtedness which, at the date of determination, has an aggregate principal amount outstanding of, or under which, at the date of determination, the holders thereof are committed to lend up to, at least $100 million.

  

 -4- 

 “Dollar-Denominated Production Payments” means production payment
obligations recorded as liabilities in accordance with GAAP, together with all undertakings and obligations in connection therewith. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC
thereunder. 
 “Existing Notes” means the Company’s outstanding (a) 7.625% Senior Notes due
2013, (b) 7.00% Senior Notes due 2014, (c) 9.5% Senior Notes due 2015, (d) 6.625% Senior Notes due 2016, (e) 6.25% Euro-denominated Senior Notes due 2017, (f) 6.5% Senior Notes due 2017, (g) 6.25% Senior Notes due 2018,
(h) 7.25% Senior Notes due 2018, (i) 6.875% Senior Notes due 2020, (j) 2.75% Contingent Convertible Senior Notes due 2035, (k) 2.500% Contingent Convertible Senior Notes due 2037 and (l) 2.25% Contingent Convertible Senior
Notes due 2038.  
 “Funded Debt” means, with regard to any Person, all Indebtedness incurred, created,
assumed or guaranteed by such Person, which matures, or is renewable by such Person to a date, more than one year after the date as of which Funded Debt is being determined. 

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

 “Global Security” means a Security in global form that evidences all or part of the Securities of any series
and registered in the name of the Depositary for such Securities or a nominee thereof. 
 “Guarantee” means,
individually and collectively, the guarantees given by the Subsidiary Guarantors pursuant to Article Ten hereof. 

“Holder” means the Person in whose name a Security is registered in the Register. 

“Indebtedness” means, without duplication, with respect to any Person, (a) all obligations of such Person,
including those evidenced by bonds, notes, debentures or similar instruments, for the repayment of money borrowed (whether or not the recourse of the lender is to the whole of the assets of such Person or only to a portion thereof); (b) all
liabilities of others of the kind described in the preceding clause (a) that such Person has guaranteed; and (c) Indebtedness (as otherwise defined in this definition) of another Person secured by a Lien on any asset of such Person,
whether or not such Indebtedness is assumed by such Person, the amount of such obligations being deemed to be the lesser of (1) the full amount of such obligations so secured, and (2) the fair market value of such asset, as determined in
good faith by the Board of Directors of such Person, which determination shall be evidenced by a Board Resolution. For the avoidance of doubt, neither Dollar-Denominated Production Payments nor Volumetric Production Payments shall be deemed to be
Indebtedness. 
  

 -5- 

 “Indenture” means this Indenture, as amended or supplemented from time to
time in accordance with the terms hereof, and shall include the form and terms of particular series of Securities as contemplated hereunder, whether or not a supplemental Indenture is entered into with respect thereto. 

“Investment” of any Person means (i) all investments by such Person in any other Person in the form of loans,
advances or capital contributions, (ii) all guarantees of Indebtedness of any other Person by such Person, (iii) all purchases (or other acquisitions for consideration) by such Person of Indebtedness, Capital Stock or other securities of
any other Person and (iv) all other items that would be classified as investments or advances on a balance sheet of such Person prepared in accordance with GAAP. 

“Issue Date” means, with respect to a series of Securities, the date of original issuance of such series of Securities.

 “Lien” means, with respect to any Person, any mortgage, pledge, lien, encumbrance, easement, restriction,
charge or adverse claim affecting title or resulting in an encumbrance against real or personal property of such Person, or a security interest of any kind (including any conditional sale or other title retention agreement, any lease in the nature
thereof or other similar agreement to sell, in each case securing obligations of such Person). 
 “Maturity”
means, with respect to any Security, the date on which the principal of such Security or an installment of principal becomes due and payable as therein or herein provided, whether at the Maturity Date or by declaration of acceleration, call for
redemption or otherwise. 
 “Maturity Date” means, with respect to a series of Securities, the fixed date
specified pursuant to Section 2.03(d) as to such series on which the principal of such Securities becomes due and payable as therein or herein provided. 

“Net Available Proceeds” means, with respect to any Sale/Leaseback Transaction of any Person, cash proceeds received
(including any cash proceeds received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise, but only as and when received, and excluding any other consideration until such time as such consideration is
converted into cash) therefrom, in each case net of all legal, title and recording tax expenses, commissions and other fees and expenses incurred, and all federal, state or local taxes required to be accrued as a liability as a consequence of such
Sale/Leaseback Transaction, and in each case net of all Indebtedness which is secured by such assets, in accordance with the terms of any Lien upon or with respect to such assets, or which must, by its terms or in order to obtain a necessary consent
to such Sale/Leaseback Transaction or by applicable law, be repaid out of the proceeds from such Sale/Leaseback Transaction and which is actually so repaid. 

“Net Working Capital” means (i) all current assets of the Company and its Subsidiaries, minus (ii) all current
liabilities of the Company and its Subsidiaries, except current liabilities included in Indebtedness. 
  

 -6- 

 “Officer” means, with respect to any Person, the Chairman of the Board, the
Chief Executive Officer, the President, any Vice President, the Chief Financial Officer, the Secretary or the Treasurer of such Person. 

“Officers’ Certificate” means, with respect to any Person, a certificate signed by two Officers or by an Officer
and either an Assistant Secretary or Assistant Treasurer of such Person. One of the Officers signing an Officers’ Certificate given pursuant to Section 4.03(a) shall be the principal executive, financial or accounting officer
of the Person delivering such certificate. 
 “Oil and Gas Business” means the business of the exploration for,
and exploitation, development, production, processing, marketing, storage and transportation of, hydrocarbons, and other related energy and natural resource businesses (including oil and gas services businesses related to the foregoing). 

“Oil and Gas Hedging Contracts” means any oil and gas purchase or hedging agreement, and other agreement or arrangement,
in each case, that is designed to provide protection against price fluctuations of oil, gas or other commodities. 

“Opinion of Counsel” means a written opinion from legal counsel. The counsel may be an employee of or counsel to the
Company or any Subsidiary Guarantor. 
 “Original Issue Discount Security” means any Security which provides
for an amount less than the stated principal amount thereof to be due and payable upon a declaration of acceleration of the maturity thereof pursuant to Section 6.02. 

“Permitted Liens” means (i) with respect to a series of Securities, Liens existing on the Issue Date of such series
of Securities; (ii) Liens securing Indebtedness under Credit Facilities; (iii) Liens securing any renewal, extension, substitution, refinancing or replacement of secured Indebtedness; provided, that such Liens extend to or cover
only the property or assets then securing the Indebtedness being refinanced and that the Indebtedness being refinanced was not incurred under the Credit Facilities; (iv) Liens on, or related to, properties to secure all or part of the costs
incurred in the ordinary course of business of exploration, drilling, development or operation thereof; (v) Liens upon (a) any property of or any interests in any Person existing at the time of acquisition of such property or interests by
the Company or a Subsidiary, (b) any property of or interests in a Person existing at the time such Person is merged or consolidated with the Company or any Subsidiary or existing at the time of the sale or transfer of any such property of or
interests in such Person to the Company or any Subsidiary, or (c) any property of or interests in a Person existing at the time such Person becomes a Subsidiary; provided, that in each case such Lien has not been created in contemplation
of such sale, merger, consolidation, transfer or acquisition, and provided, further, that in each such case no such Lien shall extend to or cover any property of the Company or any Subsidiary other than the property being acquired and
improvements thereon; (vi) Liens on deposits to secure public or statutory obligations or in lieu of surety or appeal bonds entered into in the ordinary course of business; (vii) Liens in favor of collecting or payor banks having a right
of setoff, revocation, refund or chargeback with respect to money or instruments of the Company or any Subsidiary on deposit with or in possession of such bank; (viii) purchase money security interests granted in connection with the

  

 -7- 

 
acquisition of assets in the ordinary course of business and consistent with past practices, provided, that (a) such Liens attach only to the property so acquired with the purchase
money indebtedness secured thereby and (b) such Liens secure only Indebtedness that is not in excess of 100% of the purchase price of such assets; (ix) Liens reserved in oil and gas mineral leases for bonus or rental payments and for
compliance with the terms of such leases; (x) Liens arising under partnership agreements, oil and gas leases, farm-out agreements, division orders, contracts for the sale, purchase, exchange, transportation or processing of oil, gas or other
hydrocarbons, unitization and pooling declarations and agreements, development agreements, operating agreements, area of mutual interest agreements, and other similar agreements which are customary in the Oil and Gas Business; (xi) Liens
securing obligations of the Company or any of its Subsidiaries under Oil and Gas Hedging Contracts; (xii) Liens in favor of the United States, any State thereof, any foreign country or any department, agency or instrumentality or political
subdivision of any such jurisdiction, to secure partial, progress, advance or other payments pursuant to any contract or statute or to secure any indebtedness incurred for the purpose of financing all or any part of the purchase price or the cost of
constructing or improving the property subject to such Liens, including without limitation, Liens to secure Funded Debt of the pollution control or industrial revenue bond type; and (xiii) Liens in favor of the Company or any Subsidiary
Guarantor. 
 “Person” means any individual, corporation, partnership, limited liability company, joint
venture, trust, estate, association, unincorporated organization or government or any agency or political subdivision thereof. 

“Place of Payment” means, when used with respect to the Securities of any series, unless otherwise specifically provided
for with respect to such series as contemplated by Section 2.03, the office or agency of the Company in The City of New York and such other place or places where, subject to the provisions of Section 4.04, the principal of,
and any premium and interest on, the Securities of that series are payable as specified as contemplated by Section 2.03. 

“Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of the same
debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 2.10 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall
be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security. 
 “Principal
Property” means any property interest in oil and gas reserves located in the United States owned by the Company or any Subsidiary and which is capable of producing crude oil, condensate, natural gas, natural gas liquids or other similar
hydrocarbon substances in paying quantities, the net book value of which property interest or interests exceeds two (2) percent of Adjusted Consolidated Net Tangible Assets, except any such property interest or interests that in the opinion of
the Board of Directors of the Company is not of material importance to the total business conducted by the Company and its Subsidiaries taken as a whole. Without limitation, the term “Principal Property” shall not include (i) property
or assets employed in gathering, treating, processing, refining, transportation, distribution or marketing, (ii) accounts receivable and other obligations of any obligor under a contract for the sale, exploration, production, drilling,
development, processing or transportation of crude oil, condensate, natural gas, natural gas liquids or other similar hydrocarbon substances by the 

 

 -8- 

 
Company or any of its Subsidiaries, and all related rights of the Company or any of its Subsidiaries, and all guarantees, insurance, letters of credit and other agreements or arrangements of
whatever character supporting or securing payment of such receivables or obligations, or (iii) the production or any proceeds from production of crude oil, condensate, natural gas, natural gas liquids or other similar hydrocarbon substances.

 “Representative” means the trustee, agent or representative (if any) for an issue of Senior Indebtedness.

 “Restricted Subsidiary” means any Subsidiary that, as of the applicable date of determination, (i) is a
Subsidiary Guarantor or (ii) directly owns or leases any Principal Property. 
 “Sale/Leaseback
Transaction” means with respect to the Company or any Restricted Subsidiary, any arrangement with any Person providing for the leasing by the Company or any of its Restricted Subsidiaries of any Principal Property which was acquired or
placed into service more than one year prior to such arrangement, whereby such property has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such Person; provided, that the term “Sale/Leaseback
Transaction” shall not include any such arrangement that does not provide for a lease by the Company or any of its Restricted Subsidiaries with a period, including renewals, of more than three years. For the avoidance of doubt, a transaction
primarily involving Dollar-Denominated Production Payments or Volumetric Production Payments shall not be deemed to be a Sale/Leaseback Transaction. 

“SEC” means the Securities and Exchange Commission or, if at any time after the execution of this Indenture the SEC is
not existing and performing the duties now assigned to it under the TIA, then the body performing such duties at such time. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 “Senior Indebtedness” means any Securities (other than Subordinated Debt Securities) or other Indebtedness
of the Company or a Subsidiary Guarantor (whether outstanding on the date of this Indenture or thereafter incurred), unless such Indebtedness is contractually subordinate or junior in right of payment of principal of, and any premium and interest
on, the Securities of any series or the Guarantees, respectively. 
 “Subsidiary” means any subsidiary of the
Company. A “subsidiary” of any Person means (i) a corporation a majority of whose Voting Stock is at the time, directly or indirectly, owned by such Person, by one or more subsidiaries of such Person or by such Person and one
or more subsidiaries of such Person, (ii) a partnership in which such Person or a subsidiary of such Person is, at the date of determination, a general or limited partner of such partnership, but only if such Person or its subsidiary is
entitled to receive more than 50 percent of the assets of such partnership upon its dissolution, or (iii) any other Person (other than a corporation or partnership) in which such Person, directly or indirectly, at the date of determination
thereof, has (x) at least a majority ownership interest or (y) the power to elect or direct the election of a majority of the Board of Directors of such Person. 
  

 -9- 

 “Subsidiary Guarantor” means (i) each of the Subsidiaries that
executes this Indenture as a subsidiary guarantor until such time as such Subsidiary shall no longer be a Subsidiary Guarantor of the Securities of any series pursuant to Article Ten; and (ii) each other Subsidiary that becomes a
guarantor of the Securities of any series in compliance with the provisions of Article Ten of this Indenture until such time as such Subsidiary shall no longer be a Subsidiary Guarantor pursuant to Article Ten. 

“TIA” means the Trust Indenture Act of 1939 (15 U.S. Code Sections 77aaa-77bbbb) as in effect on the date of this
Indenture, except as provided in Section 9.03. 
 “Trust Officer” means any officer within the
corporate trust department of the Trustee, including any vice president, senior associate or associate, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by Persons who at the time shall
be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of this
Indenture. 
 “Trustee” means the party named as such above until a successor replaces it in accordance with
the applicable provisions of this Indenture and thereafter means the successor, and if at any time there is more than one such Person, “Trustee” as used with respect to the Securities of any series shall mean each Trustee with respect to
Securities of that series. 
 “U.S. Government Securities” means securities that are (i) direct
obligations of the United States of America for the payment of which its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America the
payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case under clauses (i) or (ii) are not callable or redeemable at the option of the issuer thereof.

 “U.S. Legal Tender” means such coin or currency of the United States as at the time of payment shall be
legal tender for the payment of public and private debts. 
 “Volumetric Production Payments” mean production
payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith. 

“Voting Stock” means, with respect to any Person, securities of any class or classes of Capital Stock in such Person
entitling the holders thereof (whether at all times or only so long as no senior class of stock has voting power by reason of contingency) to vote in the election of members of the Board of Directors of such Person. 

 

 -10- 

 SECTION 1.02 Other Definitions. 

Other terms used in this Indenture are defined in the Section indicated below: 

 

			
	 Term
	  	Defined in Section
	 “Agent Member”
	  	2.13
	 “Bankruptcy Law”
	  	6.01
	 “Blockage Notice”
	  	11.03
	 “Company”
	  	Preamble
	 “Conversion Agent”
	  	2.06
	 “Covenant Defeasance”
	  	8.04
	 “Custodian”
	  	6.01
	 “Event of Default”
	  	6.01
	 “Funding Guarantor”
	  	10.07
	 “Guarantee”
	  	10.02
	 “Legal Defeasance”
	  	8.03
	 “Legal Holiday”
	  	13.07
	 “mandatory sinking fund payment”
	  	3.08
	 “optional sinking fund payment”
	  	3.08
	 “Paying Agent”
	  	2.06
	 “Payment Blockage Period”
	  	11.03
	 “Payment Default”
	  	6.01
	 “pay the Subordinated Debt Securities”
	  	11.03
	 “Register”
	  	2.06
	 “Registrar”
	  	2.06
	 “Securities”
	  	Preamble
	 “Subordinated Debt Securities”
	  	11.01
	 “Successor”
	  	5.01

 SECTION 1.03
Incorporation by Reference of Trust Indenture Act. Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. The following TIA terms, if used in this Indenture,
have the following meanings: 
 “Commission” means the SEC. 

“indenture securities” means the Securities and the Guarantees. 

“indenture security holder” means a Holder. 

“indenture to be qualified” means this Indenture. 

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

“obligor” on the indenture securities means the Company, the Subsidiary Guarantors and any other obligor on the
Securities or the Guarantees. 
 All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA
reference to another statute or defined by SEC rule have the meanings assigned to them therein. 
 SECTION 1.04 Rules of
Construction. 
 Unless the context otherwise requires: 

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

 -11- 

 (2) an accounting term not otherwise defined has the meaning assigned to it
in accordance with GAAP; 
 (3) “or” is not exclusive; 

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

(5) any gender used in this Indenture shall be deemed to include the neuter, masculine or feminine genders; 

(6) provisions apply to successive events and transactions; and 

(7) “herein,” “hereof” and other words of similar import refer to this Indenture as a whole and not to
any particular Article, Section or other Subdivision. 
 ARTICLE TWO 

THE SECURITIES 

SECTION 2.01 Form and Dating. The Securities of each series shall be in substantially the form established without the approval of
any Holder by or pursuant to a Board Resolution of the Company or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this
Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as the Company may deem appropriate or as may be required or appropriate to comply with any law or with any rules made
pursuant thereto or with any rules of any securities exchange on which such series of Securities may be listed, or to conform to general usage, or as may, consistently herewith, be determined by the Officers of the Company executing such Securities,
as evidenced by their execution of the Securities. 
 The definitive Securities of each series shall be printed, lithographed or
engraved on steel engraved borders or may be produced in any other manner, all as determined by the Officers of the Company executing such Securities, as evidenced by their execution of such Securities. 

 

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 SECTION 2.02 Form of Trustee’s Certificate of Authentication. The Trustee’s
certificates of authentication shall be in substantially the following form: 
 This is one of the Securities of
the series designated therein referred to in the within-mentioned Indenture. 
  

							
	 	    	 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

As Trustee

		
	
Date:                    

	    	
By:                        
                            

            Authorized Signatory

SECTION 2.03 Amount Unlimited; Issuable in Series; Denominations. The aggregate principal amount of Securities which may be
issued, executed, authenticated, delivered and outstanding under this Indenture is unlimited. 
 The Securities may be issued in
one or more series. There shall be established, without the approval of any Holders, in or pursuant to a Board Resolution of the Company (and, to the extent established pursuant to rather than set forth in a Board Resolution, in an Officers’
Certificate of the Company or Company Order setting forth, or determining the manner of, such establishment) or established in one or more indentures supplemental hereto, prior to the issuance of Securities of a series any or all of the following:

 (a) the title of the Securities of the series (which shall distinguish the Securities of the series from all other
Securities); 
 (b) any limit upon the aggregate principal amount of the Securities of the series which may be authenticated and
delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Sections 2.09, 2.10, 2.12,
3.07 or 9.05 and except for any Securities which, pursuant to Section 2.05, are deemed never to have been authenticated and delivered hereunder); 

(c) the Person to whom any interest on a Security of the series shall be payable, if other than the Person in whose name that Security
(or one or more Predecessor Securities) is registered at the close of business on the regular record date for such interest; 

(d) the date or dates on which the Securities of the series will be issued and on which the principal of, and any premium on, the
Securities of the series are payable, or the method of determination thereof; 
 (e) the rate or rates (which may be fixed or
variable) at which the Securities of the series shall bear interest, if any, or the method of determining such rate or rates; the date or dates from which such interest shall accrue, the interest payment dates on which such interest shall be payable
and the record dates for the determination of Holders thereof to whom such interest is payable, or the method by which any of such date or dates may be determined; and the basis upon which interest will be calculated if other than that of a 360-day
year consisting of twelve thirty-day months; 
  

 -13- 

 (f) the place or places, if any, in addition to or instead of the Corporate Trust Office of
the Trustee where (1) the principal of, and any premium and interest on, Securities of the series shall be payable, (2) Securities of the series may be surrendered for registration of transfer, (3) Securities of the series may be
surrendered for exchange, (4) Securities of the series, if convertible, may be surrendered for conversion, and (5) notices and demands to or upon the Company in respect of the Securities of the series and this Indenture may be served;

 (g) the price or prices at which, the period or periods within which and the terms and conditions upon which Securities of
the series may or shall be redeemed, in whole or in part, at the option of the Company; 
 (h) whether Securities of the series
are to be entitled to the benefits of the Guarantee of any Subsidiary Guarantors pursuant to this Indenture, and any deletions from, modifications of or additions to Article Ten with respect to Securities of such series; 

(i) the obligation, if any, and the option, if any, of the Company to redeem, purchase or repay Securities of the series pursuant to any
sinking fund or analogous provisions or upon a specified date or the happening of a specified event or at the option of a Holder thereof or otherwise, and the price or prices at which, the period or periods within which and the terms and conditions
upon which Securities of the series shall or may be redeemed, purchased or repaid, in whole or in part, pursuant to such obligations or options, including any deletions from, modifications of or additions to Article Three with respect to
Securities of such series; 
 (j) the terms, if any, upon which the Securities of the series may be convertible into or
exchanged for Capital Stock, other Securities, warrants for Capital Stock or Indebtedness or other securities of any kind of the Company or any other obligor or issuer and the terms and conditions upon which such conversion or exchange may or shall
be effected, including the initial conversion or exchange price or rate, the conversion or exchange period and any other provision in addition to or in lieu of those described herein; 

(k) if other than denominations of $1,000 and any integral multiple thereof, the denominations in which Securities of the series shall be
issuable; 
 (l) if the amount of principal of, or any premium or interest on, Securities of the series may be determined with
reference to an index or pursuant to a formula, the manner in which such amounts will be determined; 
 (m) if the principal
amount payable on the Maturity Date of Securities of the series will not be determinable as of any one or more dates prior to such Maturity Date, the amount which will be deemed to be such principal amount as of any such date for any purpose,
including the principal amount thereof which will be due and payable upon any maturity other than the Maturity Date or which will be deemed to be outstanding as of any such date (or, in any such case, the manner in which such deemed principal amount
is to be determined); 
  

 -14- 

 (n) any deletions from, modifications of or additions to Article Eight with respect
to Securities of the series, including the addition of additional covenants that may be subject to the covenant defeasance option pursuant to Section 8.04; 

(o) if other than U.S. Legal Tender, the coin or currency, currencies, units of two or more currencies or other currency units in which
payment of the principal of, and any premium and interest on, Securities of the series shall be payable and the manner of determining the equivalent thereof in U.S. Legal Tender for any purpose, including determining the amount of such Securities as
are “outstanding;” 
 (p) if other than the principal amount thereof, the portion of the principal amount of
Securities of the series which shall be payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.02 or provable in bankruptcy pursuant to Section 6.09, or the method of determination thereof;

 (q) the terms, if any, of the transfer, mortgage, pledge or assignment as security for the Securities of the series of any
properties, assets, moneys, proceeds, securities or other collateral, including whether certain provisions of the TIA are applicable and any corresponding changes to provisions of this Indenture as currently in effect with respect to Securities of
such series; 
 (r) any deletions from, modifications of or additions to the Events of Default set forth in Article Six
with respect to the Securities of the series and any change in the right of the Trustee or the Holders of Securities of such series to declare the principal of, and any premium and interest on, such Securities due and payable as set forth in
Article Six; 
 (s) if the Securities of the series shall be issued in whole or in part in the form of a Global Security
or Securities, the terms and conditions, if any, upon which such Global Security or Securities may be exchanged in whole or in part for other individual Securities in definitive registered form; if the Depositary for the Securities of the series is
to be other than the Depositary set forth in Section 1.01, the Depositary for such Global Security or Securities; and the form of any legend or legends to be borne by any such Global Security or Securities in addition to or in lieu of
the legend referred to in Section 2.13; 
 (t) if other than the Trustee, the identity of any trustees,
authenticating, paying, transfer or other agents or registrars with respect to the Securities of such series; 
 (u) the
applicability of, and any deletions from, modifications of or additions to the covenants and definitions currently set forth in this Indenture or in the terms currently set forth in Article Five, including conditioning any transaction
permitted by Article Five upon the satisfaction of a debt coverage or other standard by the Company and any Successor; 

(v) the subordination, if any, of the Securities of the series pursuant to Article Eleven and any deletions from, modifications of
or additions to Article Eleven with respect to Securities of the series; 
  

 -15- 

 (w) if the principal of, and any premium and interest on, any Securities of the series is to
be payable, at the election of the Company or a Holder thereof, in one or more currencies or currency units other than that or those in which the Securities are stated to be payable, the currency, currencies or currency units in which payment of the
principal of, and any premium and interest on, Securities of such series as to which such election is made shall be payable, and the periods within which and the terms and conditions upon which such election is to be made and the amount so payable
(or the manner in which such amounts are to be determined); 
 (x) the right, if any, of the Company to defer payments of
interest by extending the interest payment periods and specify the duration of such extension, the interest payment dates on which such interest shall be payable and whether and under what circumstances additional interest on amounts deferred shall
be payable; 
 (y) any restrictions or other provisions on the transfer or exchange of the Securities of such series;

 (z) with regard to Securities of the series that do not bear interest, the dates for certain required reports to the Trustee;
and 
 (aa) any other terms of the Securities of the series (which terms shall not be expressly prohibited by the provisions of
this Indenture). 
 All Securities of any one series shall be substantially identical except as to denomination and except as
may otherwise be provided in or pursuant to the Board Resolution, Officers’ Certificate, Company Order or supplemental indenture referred to above. 

If any of the terms of the Securities of the series are established by action taken by or pursuant to a Board Resolution of the Company,
a copy of an appropriate record of such action shall be certified by an Officer or other authorized Person of the Company and delivered to the Trustee at or prior to the delivery of the Officers’ Certificate or Company Order setting forth, or
providing the manner for determining, the terms of the Securities of the series. Any such Board Resolution, Officers’ Certificate or Company Order referred to above with respect to Securities of any series filed with the Trustee on or before
the initial issuance of the Securities of such series shall be incorporated herein by reference with respect to Securities of such series and shall thereafter be deemed to be a part of the Indenture for all purposes relating to Securities of such
series as fully as if such Board Resolution, Officers’ Certificate or Company Order were set forth herein in full. 
 The
Securities of any one series need not be issued at the same time and, unless otherwise provided, a series may be reopened, without the consent of the Holders, for increases in the aggregate principal amount of such series of Securities and issuances
of additional Securities of such series or for the establishment of additional terms with respect to the Securities of such series. 

The Securities of each series shall be issuable only in registered form without coupons in such denominations as shall be specified as
contemplated by this Section 2.03. 
  

 -16- 

 SECTION 2.04 Execution of Securities. The Securities shall be signed on behalf of the
Company by two Officers thereof. Such signatures upon the Securities may be the manual or facsimile signatures of the present or any future such Officers and may be imprinted or otherwise reproduced on the Securities. The seal of the Company, if
any, is not required to appear on the Securities, but if it does so appear it may be in the form of a facsimile thereof and may be impressed, affixed, imprinted or otherwise reproduced on the Securities. 

Only such Securities as shall bear thereon a certificate of authentication substantially in the form hereinbefore recited, manually
signed by the Trustee, shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose. Such certificate by the Trustee upon any Security executed by the Company shall be conclusive evidence that the Security so
authenticated has been duly authenticated and delivered hereunder. 
 In case any Officer of the Company who shall have signed
any of the Securities shall cease to be such Officer before the Securities so signed shall have been authenticated and delivered by the Trustee, or disposed of by the Company, such Securities nevertheless may be authenticated and delivered or
disposed of as though the Person who signed such Securities had not ceased to be such Officer of the Company; and any Security may be signed on behalf of the Company by such Persons as, at the actual date of the execution of such Security, shall be
the proper Officers of the Company, although at the date of such Security or of the execution of this Indenture any such Person was not such Officer. 

SECTION 2.05 Authentication and Delivery of Securities. At any time and from time to time after the execution and delivery of this
Indenture, the Company may deliver Securities of any series executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee shall thereupon authenticate
and deliver such Securities in accordance with such Company Order. If the form or terms of the Securities of the series have been established in or pursuant to one or more Board Resolutions as permitted by Section 2.01 and 2.03,
in authenticating such Securities and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be provided, in addition to the Officers’ Certificate and Opinion of Counsel required to be
furnished to the Trustee pursuant to Section 13.04, and, subject to Section 7.01, shall be fully protected in relying upon, an Opinion of Counsel stating: 

(a) that the form of such Securities has been established by or pursuant to a Board Resolution as permitted by Section 2.01,
and that such form has been established in conformity with the provisions of this Indenture; 
 (b) that the terms (or the
manner of determining the terms) of such Securities have been established by or pursuant to a Board Resolution as permitted by Section 2.03, and that such terms have been established in conformity with the provisions of this Indenture;
and 
 (c) that such Securities, when authenticated and delivered by the Trustee and issued by the Company in the manner and
subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the Company, enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, preference,
reorganization, moratorium, rehabilitation, or similar laws and legal principles relating to or affecting creditors’ rights and general principles of equity. 

 

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 The Trustee shall not be required to authenticate such Securities if the issue of such
Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee. 

If any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall
deliver such Security to the Trustee for cancellation as provided in Section 2.14, such Security shall for all purposes of this Indenture be deemed never to have been authenticated and delivered hereunder and shall never be entitled to
the benefits of this Indenture. 
 The Trustee may appoint an authenticating agent reasonably acceptable to the Company to
authenticate Securities of any series. Unless limited by the terms of such appointment, an authenticating agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes
authentication by such agent. An authenticating agent has the same rights under Section 7.03 to deal with the Company and its Subsidiaries and Affiliates as any Registrar, Paying Agent or Conversion Agent. 

Each Security shall be dated the date of its authentication. 

SECTION 2.06 Registrar, Paying Agent and Conversion Agent. The Company shall maintain an office or agency where Securities of a
series may be presented for registration of transfer or for exchange (the “Registrar”), an office or agency where Securities of a series may be presented for redemption or repurchase, if applicable, and for payment (the
“Paying Agent”) and, with respect to any series of Securities that is convertible in accordance with the applicable provisions of such Securities, an office or agency where Securities of such series may be presented for conversion
(the “Conversion Agent”). The Registrar shall keep a register of each series of Securities and of their transfer and exchange (the “Register”). The Company may have one or more co-registrars and one or more
additional paying agents or conversion agents for any series of Securities. With respect to any series of Securities, the term “Paying Agent” includes any additional paying agent, the term “Registrar” includes any additional
co-registrar and the term “Conversion Agent” includes any additional conversion agent. 
 The Company shall enter into
an appropriate agency agreement with any Registrar, Paying Agent or Conversion Agent not a party to this Indenture, which shall incorporate the applicable terms of the TIA. The agreement shall implement the provisions of this Indenture that relate
to such Agent. The Company shall notify the Trustee of the name and address of any such Agent and shall furnish the Trustee with an executed counterpart of any such agency agreement. With respect to any series of Securities, the Company at any time
may replace any Registrar, Paying Agent or Conversion Agent or change the location of any such office or agency without notice to any Holder. The Company will give prompt written notice to the Trustee of any such replacement or change in location.
With respect to any series of Securities, if the Company fails to maintain a Registrar, Paying Agent or Conversion Agent, if applicable, the Trustee shall act as such and shall be entitled to appropriate compensation therefor pursuant to
Section 7.07. The Company or any Subsidiary incorporated or organized within the United States of America may act as Paying Agent, Conversion Agent or Registrar. 

 

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 Unless otherwise provided for a series of securities, the Company initially appoints the
Trustee as Registrar, Paying Agent and, if applicable, Conversion Agent in connection with the Securities. 
 SECTION 2.07
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent (other than the Trustee) for any series of Securities to agree in writing that the Paying Agent shall hold in trust for the benefit of Holders or the Trustee all
money held by the Paying Agent for the payment of principal of, and any premium and interest on, the Securities of such series and shall notify the Trustee of any default by the Company in making any such payment. If the Company or a Subsidiary acts
as Paying Agent for any series of Securities, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund for the benefit of the Persons entitled thereto. The Company at any time may require a Paying Agent to pay all
money held by it to the Trustee and to account for any funds disbursed by the Paying Agent. Upon complying with this Section, the Paying Agent shall have no further liability for the money delivered to the Trustee. 

SECTION 2.08 Holder Lists. The Trustee shall preserve in as current a form as is reasonably practicable the most recent list
available to it of the names and addresses of Holders of any series of Securities. If the Trustee is not the Registrar, the Company shall furnish to the Trustee, in writing at least five Business Days before each interest payment date and at such
other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of Holders of the relevant series of Securities. 

SECTION 2.09 Transfer and Exchange. The Securities of any series shall be transferable only upon the surrender of a Security for
registration of transfer. When a Security is presented to the Registrar with a request to register a transfer, the Registrar shall register the transfer as requested if the requirements of this Indenture and any reasonable regulations prescribed by
the Company or the Registrar are met. When Securities (other than Global Securities) are presented to the Registrar with a request to exchange them for an equal principal amount of Securities of other denominations, the Registrar shall make the
exchange as requested if the same requirements are met. 
 To permit registrations of transfers and exchanges, the Company shall
execute and the Trustee shall authenticate at the Registrar’s request one or more new Securities of the same series, of any authorized denominations and of a like aggregate principal amount and tenor. 

No service charge shall be made for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to
cover any transfer tax, assessments, or similar governmental charge payable in connection therewith (other than any such transfer taxes, assessments or similar governmental charge payable upon exchange not involving any transfer pursuant to
Section 3.07). 
 The Registrar shall not be required to register the transfer of or exchange of any Security of a
series for a period beginning 15 Business Days before the mailing of a notice of redemption or of an offer to repurchase Securities of that series and ending at the close of business on the date of such mailing, or for a period beginning 15 Business
Days before an 
  

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interest payment date and ending on the close of business on such interest payment date, or of any Security selected for redemption in whole or in part, except the unredeemed portion of any
Security being redeemed in part. 
 Except as otherwise provided or contemplated by Section 2.03 with respect to a
series of Securities, prior to the due presentation for registration of transfer of any Security, the Company, the Trustee and any Agent may deem and treat the person in whose name a Security is registered as the absolute owner of such Security for
the purpose of receiving payment of principal of, and any premium and interest on, such Security and for all other purposes whatsoever, whether or not such Security is overdue, and none of the Company, the Trustee or any Agent shall be affected by
notice to the contrary. 
 All Securities issued upon any registration of transfer or exchange pursuant to the terms of this
Indenture shall evidence the same debt and shall be entitled to the same benefits under this Indenture as the Securities surrendered upon such registration of transfer or exchange. 

SECTION 2.10 Replacement Securities. If a mutilated Security is surrendered to the Registrar or if the Holder of a Security claims
that the Security has been lost, destroyed or wrongfully taken, the Company shall issue and the Trustee shall authenticate a replacement Security if the Holder satisfies the reasonable requirements of the Company and the Trustee. If required by the
Company or the Trustee, such Holder shall furnish an indemnity bond or other security sufficient in the judgment of the Company and the Trustee to protect the Company, the Trustee, the Paying Agent, the Registrar and any Conversion Agent from any
loss which any of them may suffer if a Security is replaced. The Company and the Trustee may charge the Holder for their expenses in replacing a Security. 

Every replacement Security is an additional obligation of the Company. 

SECTION 2.11 Outstanding Securities. Securities outstanding at any time are all Securities authenticated by the Trustee except for
those canceled by it, those delivered to it for cancellation and those described in this Section as not outstanding. Except to the extent provided in the last paragraph of this Section 2.11, a Security does not cease to be outstanding
because the Company or an Affiliate of the Company holds the Security. 
 If a Security is replaced pursuant to
Section 2.10, it ceases to be outstanding unless the Trustee and the Company receive proof satisfactory to them that the replaced Security is held by a bona fide purchaser. 

If the Paying Agent for a series of Securities holds on a redemption date or the Maturity Date money sufficient to pay all principal and
interest payable on that date with respect to the Securities of such series (or portions thereof) to be redeemed or maturing, as the case may be, then on and after that date such Securities of such series (or portions thereof) cease to be
outstanding and interest on them ceases to accrue. 
 If the principal amount of any Security is considered paid under
Section 4.01, it ceases to be outstanding and interest on it ceases to accrue. 
  

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 Securities with respect to which the Company has effected legal defeasance or covenant
defeasance as provided in Article Eight, cease to be outstanding except to the extent provided in Sections 8.03 and 8.04. 

In determining whether the Holders of the requisite principal amount of the outstanding Securities of a series have given any request,
demand, authorization, direction, notice, consent or waiver hereunder, (A) the principal amount of an Original Issue Discount Security that shall be deemed to be outstanding shall be the amount of the principal thereof that would be due and
payable as of the date of such determination upon acceleration of the maturity thereof on such date pursuant to Section 6.02, (B) the principal amount of a Security denominated in one or more currencies or currency units other than
U.S. dollars shall be the U.S. dollar equivalent of such currencies or currency units, determined in the manner provided as contemplated by Section 2.03 on the date of original issuance of such Security, of the principal amount (or, in
the case of an Original Issue Discount Security, the U.S. dollar equivalent (as so determined) on the date of original issuance of such Security, of the amount determined as provided in Clause (A) above) of such Security, and
(C) Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or of 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 or waiver, only Securities which a Trust Officer knows to be so owned shall be so disregarded. Securities so owned as described in clause (C) above
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 Securities and that the pledgee is not the Company or any
other obligor upon the Securities or any Affiliate of the Company or of such other obligor. 
 SECTION 2.12 Temporary
Securities. Until definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities. Temporary Securities shall be substantially in the form of definitive Securities but may have
variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate definitive Securities and deliver them in exchange for temporary Securities.

 SECTION 2.13 Securities Issuable in the Form of a Global Security. 

(a) If the Company shall establish pursuant to Sections 2.01 and 2.03 that the Securities of a particular series are
to be issued in whole or in part in the form of one or more Global Securities, then the Company shall execute and the Trustee shall, in accordance with Section 2.05, authenticate and deliver, such Global Security or Securities, which
shall represent, and shall be denominated in an amount equal to the aggregate principal amount of, the outstanding Securities of such series to be represented by such Global Security or Securities, or such portion thereof as the Company shall
specify in an Officers’ Certificate of the Company, shall be registered in the name of the Depositary for such Global Security or Securities or its nominee, shall be delivered by the Trustee or its agent to the Depositary or pursuant to the
Depositary’s instruction and shall bear a legend substantially to the following effect (or to such effect as may be required by the Depositary): 
  

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

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

(b) Members of, or participants in, the Depositary (“Agent Members”), and any owner of a beneficial interest in a Global
Security, shall have no rights under this Indenture with respect to or under such Global Security, and the Company, the Trustee and any agent of the Company or the Trustee shall be entitled to treat the Depositary or its nominee as the absolute
owner of such Global Security for all purposes whatsoever. 
 (c) Notwithstanding any other provision in this Indenture and
except as otherwise specified with respect to a series of Securities as contemplated by Section 2.03, no Global Security may be transferred to, or registered or exchanged for Securities registered in the name of, any Person other than
the Depositary for such Global Security or any nominee thereof, and no such transfer may be registered, except as provided in this paragraph. Every Security authenticated and delivered upon registration or transfer of, or in exchange for or in lieu
of, a Global Security shall be a Global Security, except as provided in this paragraph. If (1) (A) the Depositary for a Global Security notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security
or ceases to be a clearing agency registered under the Exchange Act, and (B) a successor Depositary is not appointed by the Company within 90 days, (2) an Event of Default has occurred and is continuing with respect to the Securities of
such series and the Registrar has received a request from the Depositary to issue certificated securities in lieu of all or a portion of the Global Securities of such series (in which case the Company shall deliver certificated securities within 30
days of such request) or (3) the Company determines in its sole discretion that Securities of a series issued in global form shall no longer be represented by a Global Security, then such Global Security may be exchanged by such Depositary for
certificated Securities of the same series, of any authorized denomination and of a like aggregate principal amount and tenor, registered in the names of, and the transfer of such Global Security or portion thereof may be registered to, such Persons
as such Depositary shall direct. 
  

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 (d) The Trustee shall have no responsibility or obligation to any beneficial owner of a
Global Security, or interest therein, Agent Member or other Person with respect to the accuracy of the records of the Depositary or its nominee or of any Agent Member, with respect to any ownership interest in Global Securities or with respect to
the delivery to any Agent Member, beneficial owner or other Person (other than the Depositary) of any notice (including any notice of redemption) or the payment of any amount, under or with respect to such Securities. 

SECTION 2.14 Cancellation. The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and the
Paying Agent shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel and dispose of (subject to the record retention requirements of the Exchange
Act) all Securities surrendered for registration of transfer, exchange, payment or cancellation in its customary manner and upon written request shall deliver a certificate of such disposal to the Company unless the Company directs the Trustee to
deliver canceled Securities to the Company. Any Securities purchased by the Company may, to the extent permitted by law, be reissued or resold or may, at its option, be surrendered to the Trustee for cancellation. The Company may not issue new
Securities to replace Securities it has delivered to the Trustee for cancellation, except as expressly permitted by the terms of the Securities of any series. 

SECTION 2.15 Defaulted Interest. If the Company defaults in a payment of interest on the Securities of any series, the Company
shall pay, unless otherwise provided with respect to the Securities of such series as permitted by Section 2.03, defaulted interest (plus interest on such defaulted interest to the extent lawful) at the rate borne by such Securities in
any lawful manner. The Company may pay the defaulted interest to the persons who are Holders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction
of the Trustee and shall promptly mail or cause to be mailed to each Holder a notice that states the special record date, the payment date and the amount of defaulted interest to be paid. 

SECTION 2.16 CUSIP Numbers. The Company in issuing the Securities may use “CUSIP” numbers (if then generally in use)
and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided, however, that any such notice may state that no representation is made as to the correctness of such numbers
either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption shall not be affected by any defect in or
omission of such numbers. The Company shall notify the Trustee of any change in the CUSIP numbers. 
 ARTICLE THREE 

REDEMPTION 

SECTION 3.01 Applicability of Article. Unless otherwise provided for a series of Securities, the provisions of
Sections 3.02 through 3.07 shall be applicable to Securities of any series which are redeemable in accordance with their terms before their Maturity Date. 

 

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 SECTION 3.02 Notice to Trustee. If the Company elects to redeem all or any part of a
series of Securities pursuant to the applicable provisions of such Securities or a supplemental indenture relating to such Securities, it shall furnish to the Trustee and the Registrar, at least 45 days but not more than 60 days before the
redemption date (unless the Trustee consents in writing to a shorter period), an Officers’ Certificate setting forth the redemption date, the principal amount of Securities of each series to be redeemed and the redemption price for each series
of Securities to be redeemed. 
 SECTION 3.03 Selection of Securities to Be Redeemed. If less than all of the Securities
of a series are to be redeemed at any time, the Trustee shall select the particular Securities of such series to be redeemed pro rata, by lot or, if the Securities of such series are listed on any securities exchange, by any other method that
complies with the requirements of such exchange; provided, however, that no Securities with a principal amount of $1,000 or less will be redeemed in part. The Trustee shall make the selection from outstanding Securities of such series
not previously called for redemption not less than 30 nor more than 60 days prior to the redemption date. Securities and portions of them it selects shall be in amounts of $1,000 or whole multiples of $1,000, except that if all of the Securities of
a series of a Holder are to be redeemed, the entire outstanding amount of such Securities held by such Holder, even if not a multiple of $1,000, shall be redeemed. Provisions of this Indenture that apply to Securities of any series called for
redemption also apply to portions of Securities of such series called for redemption. The Trustee shall notify the Company promptly of the Securities or portions of Securities selected for redemption. 

SECTION 3.04 Notice of Redemption. (a) At least 30 days but not more than 60 days before a redemption date, the Company shall
mail a notice of redemption by first-class mail to each Holder of Securities to be redeemed at such Holder’s registered address. The notice shall state: 

(1) the redemption date; 

(2) the redemption price; 

(3) the aggregate principal amount of Securities being redeemed; 

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

(5) that Securities called for redemption must be surrendered to the Paying Agent at the address specified in such notice
to collect the redemption price, together with any accrued and unpaid interest thereon; 
 (6) that, unless the
Company defaults in the payment of the redemption price or any accrued interest on Securities called for redemption ceases to accrue on and after the redemption date and the only remaining right of the Holders is to receive payment of the redemption
price in respect of the Securities upon surrender to the Paying Agent of the Securities; 
  

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 (7) if fewer than all of the outstanding Securities of a series are to be
redeemed, the identification of the particular Securities to be redeemed, and if any Security is being redeemed in part, the portion of the principal amount of such Security to be redeemed and that, after the redemption date, upon surrender of such
Security, a new Security or Securities in principal amount equal to the unredeemed portion will be issued in the name of the Holder thereof upon cancellation of the Security or Securities being redeemed; 

(8) the CUSIP number, if any, of the Securities to be redeemed; and 

(9) any other information required by such Securities or a supplemental indenture relating to such Securities. 

(b) At the Company’s request, the Trustee shall give the notice of redemption required in Section 3.04(a) in the
Company’s name and at the Company’s expense; provided, however, that the Company shall deliver to the Trustee, at least 15 days prior to the date on which the Company requests that the Trustee give such notice (unless the
Trustee consents in writing to a shorter notice period), an Officers’ Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in Section 3.04(a). 

SECTION 3.05 Effect of Notice of Redemption. Once notice of redemption is mailed in accordance with Section 3.04,
Securities called for redemption become due and payable on the redemption date at the redemption price. Upon surrender to the Paying Agent, such Securities shall be paid at the redemption price, plus accrued and unpaid interest to, but not
including, the redemption date; provided, however, that installments of interest that are due and payable on or prior to the redemption date shall be payable to the Holders of such Securities, registered as such, at the close of
business on the relevant record date for the payment of such installment of interest. Failure to give notice or any defect in the notice to any Holder shall not affect the validity of the notice to any other Holder. 

SECTION 3.06 Deposit of Redemption Price. Prior to 11:00 a.m., New York City time, on the redemption date, the Company shall
deposit with the Paying Agent (or if the Company or a Subsidiary is the Paying Agent, shall segregate and hold in trust) funds available on the redemption date sufficient to pay the redemption price of, and accrued and unpaid interest to, but not
including, the redemption date on, the Securities to be redeemed on that date. The Paying Agent shall promptly return to the Company any money so deposited which is not required for that purpose upon the written request of the Company, except with
respect to monies owed as obligations to the Trustee pursuant to Article Seven. 
 Unless the Company defaults in making
such payment, interest on the Securities to be redeemed will cease to accrue on the applicable redemption date, whether or not such Securities are presented for payment. If any Security called for redemption shall not be so paid upon redemption
because of the failure of the Company to comply with the preceding paragraph, interest will continue to be payable on the unpaid principal and any premium including from the redemption date until such principal and any premium is paid, and, to the
extent lawful, on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities and in Section 4.01 hereof. 
  

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 SECTION 3.07 Securities Redeemed in Part. Upon surrender of a Security that is to be
redeemed in part, the Company shall issue and the Trustee shall authenticate for the Holder, at the expense of the Company, a new Security equal in aggregate amount to the unredeemed portion of the Security surrendered. 

SECTION 3.08 Mandatory and Optional Sinking Funds. The provisions of Sections 3.08 and 3.09 shall be applicable to
any sinking fund for the retirement of Securities of a series except as otherwise specified as contemplated by Section 2.03 for Securities of such series. 

The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a
“mandatory sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an “optional sinking fund payment.” Each sinking fund
payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series. 

In lieu of making all or any part of any mandatory sinking fund payment with respect to any Securities of a series in cash, the Company
may at its option (a) deliver to the Trustee Securities of that series theretofore purchased or otherwise acquired by the Company and (b) receive credit for the principal amount of Securities of that series which have been redeemed either
at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities; provided, that such Securities have not been previously
so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price specified in the terms of such Securities for redemption through operation of the sinking fund and the amount of such mandatory
sinking fund payment shall be reduced accordingly. 
 SECTION 3.09 Redemption of Securities for Sinking Fund. Not less
than 45 days prior to each sinking fund payment date for any series of Securities (unless a shorter period shall be satisfactory to the Trustee), the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next
ensuing sinking fund payment for that series pursuant to the terms of that series, the portion thereof, if any, which is to be satisfied by payment of cash in the currency in which the Securities of such series are denominated and the portion
thereof, if any, which is to be satisfied by delivering and crediting Securities of that series pursuant to Section 3.08 (which Securities, if not previously redeemed, will accompany such certificate) and whether the Company intends to
exercise its right to make any permitted optional sinking fund payment with respect to such series. Failure of the Company to deliver such certificate (or to deliver the Securities specified in this paragraph) shall not constitute a Default, but
such failure shall require that the sinking fund payment due on the next succeeding sinking fund payment date for that series shall be paid entirely in cash and shall be sufficient to redeem the principal amount of such Securities subject to a
mandatory sinking fund payment without the option to deliver or credit Securities as provided in Section 3.08 and without the right to make any optional sinking fund payment, if any, with respect to such series. 

 

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 The Trustee shall select the Securities to be redeemed upon such sinking fund payment date
in the manner specified in Section 3.03, and the Company shall cause notice of the redemption thereof to be given in the manner provided in Section 3.04 except that the notice of redemption shall also state that the
Securities are being redeemed by operation of the sinking fund. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Section 3.06. 

ARTICLE FOUR 

COVENANTS 

SECTION 4.01 Payment of Securities. The Company, for the benefit of each series of Securities, shall pay the principal of, and any
premium and interest on, the Securities of such series on the dates and in the manner provided in the terms of the Securities of such series and this Indenture. Principal or redemption price, and any premium and interest with respect to a series of
Securities shall be considered paid on the date due if the Trustee or Paying Agent holds on that date money deposited by the Company designated for and sufficient to pay such principal, redemption price, premium and interest as is then due with
respect to such series of Securities. 
 The Company, for the benefit of each series of Securities, shall pay interest
(including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal, and any premium, at the rate borne by the Securities of such series (or at the rate prescribed therefor in the terms of the Securities of such
series) to the extent lawful; and it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace period) at the same rate to the extent
lawful. 
 SECTION 4.02 SEC Reports. The Company, within 15 days after it files the same with the SEC, shall deliver to
the Trustee copies of the annual reports and the information, documents and other reports (or copies of any such portions of any of the foregoing as the SEC may by rules and regulations prescribe) that the Company is required to file with the SEC
pursuant to Section 13 or 15(d) of the Exchange Act; provided that any such annual reports, information, documents or other reports filed or furnished with the Commission pursuant to its Electronic Data Gathering, Analysis and Retrieval (or
“EDGAR”) system shall be deemed to be delivered to the Trustee as of the time such information, documents or reports are filed or furnished via EDGAR. Notwithstanding that the Company may not be required to remain subject to the reporting
requirements of Section 13 or 15(d) of the Exchange Act, the Company shall file with the SEC (to the extent such filings are accepted by the SEC) and provide the Trustee with such annual reports and such information, documents and other reports
specified in Sections 13 and 15(d) of the Exchange Act, subject to the proviso in the immediately preceding sentence. The Company and each Subsidiary Guarantor shall also comply with the provisions of TIA Section 314(a). Delivery of such
reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained
therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 

 

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 SECTION 4.03 Compliance Certificates. 

(a) The Company shall deliver to the Trustee, within 120 days after the end of each fiscal year of the Company, an Officers’
Certificate, stating that a review of the activities of the Company and the 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 kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to each such Officer signing such certificate, that, to the best of such Officers’ knowledge, each of the Company
and the Subsidiary Guarantors has kept, observed, performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions hereof (or, if a
Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which such Officers may have knowledge and what action the Company is taking or proposes to take with respect thereto). 

(b) The Company will, so long as any of the Securities are outstanding, deliver to the Trustee forthwith upon any Officer becoming aware
of any Default or Event of Default or default in the performance of any covenant, agreement or condition contained in this Indenture, an Officers’ Certificate specifying such Default or Event of Default and what action the Company proposes to
take with respect thereto. 
 SECTION 4.04 Maintenance of Office or Agency. The Company will maintain in each Place of
Payment for any series of Securities, an office or agency where Securities of that series may be surrendered for registration of transfer or exchange or for presentation for payment, and where notices and demands to or upon the Company in respect of
the Securities of that series and this Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain
any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the address of the Trustee set forth in Section 13.02 or at
the Corporate Trust Office of the Trustee. 
 Subject to Section 2.03, the Company may also from time to time
designate one or more other offices or agencies where the Securities of one or more series may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, that no such designation or
rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in each Place of Payment for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee of any such
designation or rescission and of any change in the location of any such other office or agency. Except as otherwise specified with respect to a series of Securities as contemplated by Section 2.03, the Company hereby initially designates
as the Place of Payment for each series of Securities The City of New York, and initially appoints the Trustee as Paying Agent at its corporate trust office located at 101 Barclay Street, 8W, New York, New York 10286 as the Company’s office or
agency for each such purpose in such city. 
 SECTION 4.05 Continued Existence. Except as permitted by Article
Five and Section 10.03 hereof, the Company will do or cause to be done all things necessary to preserve 

 

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and keep in full force and effect its corporate existence and the corporate, partnership or other existence of each Restricted Subsidiary and all rights (charter and statutory) and franchises of
the Company and the Restricted Subsidiaries; provided, that the Company shall not be required to preserve the corporate , partnership or other existence of any Restricted Subsidiary, or any such right or franchise, if the Company shall determine
that the preservation thereof is no longer desirable in the conduct of the business of the Company and that the loss thereof is not disadvantageous in any material respect to the Holders. 

SECTION 4.06 Waiver of Stay, Extension or Usury Laws. The Company and each Subsidiary Guarantor covenants (to the extent that each
may lawfully do so) that it will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension, or usury law or other law which would prohibit or forgive the Company or any Subsidiary
Guarantor from paying all or any portion of the principal of, and any premium and interest on, the Securities as contemplated herein, wherever enacted, now or at any time hereafter in force, or which may affect the covenants or the performance of
this Indenture; and (to the extent that it may lawfully do so) each of the Company and the Subsidiary Guarantors 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. 

SECTION 4.07 Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the
same shall become delinquent, (a) all taxes, assessments and governmental charges levied or imposed upon the Company or any Restricted Subsidiary or upon the income, profits or property of the Company or any Restricted Subsidiary and
(b) all lawful claims for labor, materials and supplies which, if unpaid, might by law become a Lien upon the property of the Company or any Restricted 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 or where the failure to effect such payment is not disadvantageous
in any material respect to the Holders. 
 SECTION 4.08 Maintenance of Properties and Insurance. 

(a) The Company shall cause all properties used or held for use in the conduct of its business or the business of any Restricted
Subsidiary to be maintained and kept in good condition, repair and working order (ordinary wear and tear excepted) and supplied with all necessary equipment and shall cause to be made all necessary repairs, renewals, replacements, betterments and
improvements thereof, all as in the judgment of the Company may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this
Section shall prevent the Company from discontinuing the operation or maintenance of any such property, or disposing of it, if such discontinuance or disposal is, in the judgment of the Company, desirable in the conduct of its business and not
disadvantageous in any material respect to the Holders. 
 (b) The Company shall provide or cause to be provided, for itself and
each of its Restricted Subsidiaries, insurance (including appropriate self-insurance) against loss or damage of the kinds that, in the reasonable, good faith opinion of the Company, are adequate and

  

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appropriate for the conduct of the business of the Company and such Restricted Subsidiaries in a prudent manner, with reputable insurers or with the government of the United States or an agency
or instrumentality thereof, in such amounts, with such deductibles, and by such methods as shall be customary, in the reasonable, good faith opinion of the Company, for corporations similarly situated in the industry. 

SECTION 4.09 Limitation on Liens Securing Funded Debt. 

(a) Unless otherwise provided for in respect of a series of Securities, the Company covenants, for the benefit of each series of
Securities that is not designated as a series of Subordinated Debt Securities, that (i) it will not, and will not permit any Restricted Subsidiary to, create, incur or assume any Funded Debt secured by any Liens (other than Permitted Liens)
upon any of the properties of the Company or any Restricted Subsidiary and (ii) it will not, and will not permit any Subsidiary to, create, incur or assume any Funded Debt secured by any Liens (other than Permitted Liens) upon the Capital Stock
of any Restricted Subsidiary or the Capital Stock of any Subsidiary that owns, directly or indirectly through ownership in another Subsidiary, the Capital Stock of any Restricted Subsidiary, unless (as to each of clauses (i) and (ii)) such
Securities or the Guarantee (if any) of such Restricted Subsidiary (together with, if the Company shall so determine, any other Indebtedness or other obligation of the Company or such Restricted Subsidiary which is not subordinate in right of
payment to the prior payment in full of the Securities of any series) are equally and ratably secured for so long as such Funded Debt shall be so secured; provided, that if such Funded Debt is expressly subordinated to the Securities of a
series or any related Guarantee, the Lien securing such Funded Debt will be subordinated and junior to the Lien securing such Securities or such Guarantee. 

(b) Notwithstanding the provisions of Section 4.09(a), the Company or any Subsidiary may create, incur or assume Funded Debt
secured by Liens which would otherwise be subject to the restrictions of such section, if the aggregate principal amount of such Funded Debt and all other Funded Debt of the Company and any Subsidiary theretofore created, incurred or assumed
pursuant to the exception in this Section 4.09(b) and outstanding at such time does not exceed 15% of the Adjusted Consolidated Net Tangible Assets of the Company. 

SECTION 4.10 Limitation on Sale/Leaseback Transactions. 

(a) Unless otherwise provided for in respect of a series of Securities, the Company will not, and will not permit any of its Restricted
Subsidiaries to, enter into any Sale/Leaseback Transaction with any Person (other than the Company or any other Subsidiary) unless (i) the Company or such Restricted Subsidiary, as the case may be, would be entitled to incur Funded Debt secured
by Liens in a principal amount equal to the Attributable Indebtedness (treated as if such Attributable Indebtedness were Funded Debt) with respect to such Sale/Leaseback Transaction in accordance with Section 4.09(b) or (ii) the
Company or such Restricted Subsidiary receives proceeds from such Sale/Leaseback Transaction at least equal to the fair market value thereof (as determined in good faith by the Company) and such proceeds are applied in accordance with paragraphs
(b) to (f) hereof; provided, however, that Attributable Indebtedness in respect of any Sale/Leaseback Transaction entered into pursuant to clause (i) shall not count against the amount of Funded Debt permitted under Section 4.09(b) for any
other purpose, including when determining the amount available thereunder for future Sale/Leaseback Transactions or any Funded Debt transactions. 

(b) The Company may apply Net Available Proceeds from such Sale/Leaseback Transaction, within 365 days after receipt of Net Available
Proceeds from the 
  

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Sale/Leaseback Transaction, to: (i) the repayment of Indebtedness of the Company or a Restricted Subsidiary under Credit Facilities or other Senior Indebtedness, including any mandatory
redemption or repurchase or make-whole redemption of the Existing Notes or the Securities; (ii) make an Investment in assets used in the Oil and Gas Business; or (iii) develop by drilling the Company’s oil and gas reserves.

 (c) If, upon completion of the 365-day period referred to above, any portion of the Net Available Proceeds shall not have
been applied by the Company as described in clauses (i), (ii) or (iii) of the immediately preceding paragraph and such remaining Net Available Proceeds, together with any remaining net cash proceeds from any prior Sale/Leaseback
Transaction (such aggregate constituting “Excess Proceeds”), exceed $60,000,000, then the Company will be obligated to make an offer (the “Net Proceeds Offer”) to purchase the Securities and any other Senior Indebtedness in
respect of which such an offer to purchase is required to be made concurrently with the Net Proceeds Offer having an aggregate principal amount equal to the Excess Proceeds (such purchase to be made on a pro rata basis if the amount available for
such repurchase is less than the principal amount of the Securities and other Senior Indebtedness tendered in such Net Proceeds Offer) at a purchase price of 100% of the principal amount thereof plus accrued and unpaid interest on the Securities and
other Senior Indebtedness so repurchased to the date of repurchase. Upon the completion of the Net Proceeds Offer, the amount of Excess Proceeds will be reset to zero. 

(d) Within 15 days after the Company becomes obligated to make a Net Proceeds Offer (a “Net Proceeds Offer Triggering Event”),
the Company (with notice to the Trustee and the Paying Agent), or the Trustee at the Company’s request and expense, will mail or cause to be mailed to all Holders on the date of the Net Proceeds Offer Triggering Event a notice prepared by the
Company (the “Offer Notice”) of the occurrence of such Net Proceeds Offer Triggering Event and of the Holders’ rights arising as a result thereof. The Offer Notice will contain all instructions and materials necessary to enable
Holders to tender their Securities to the Company. The Offer Notice, which shall govern the terms of the Net Proceeds Offer, shall state: (1) that the Net Proceeds Offer is being made pursuant to this Section 4.10; (2) the
purchase price and the Net Proceeds Payment Date; (3) that any Security not tendered will continue to accrue interest at the stated rate; (4) that any Security accepted for payment pursuant to the Net Proceeds Offer shall cease to accrue
interest on the Net Proceeds Payment Date; (5) that Holders will be entitled to withdraw their election if the Company, depositary or Paying Agent, as the case may be, receives, not later than the expiration of the Net Proceeds Offer, or such
longer period as may be required by law, a notice to such effect in the form specified in the Offer Notice; and (6) that Holders whose Securities are purchased only in part will be issued Securities equal in principal amount to the unpurchased
portion of the Securities surrendered. The Net Proceeds Offer shall be deemed to have commenced upon the mailing of the Offer Notice and shall terminate 20 Business Days after its commencement, unless a longer offering period is required by law.

 (e) Promptly after the termination of the Net Proceeds Offer (the “Net Proceeds Payment Date”), the Company shall,
to the extent permitted by applicable law, (i) accept for payment Securities or portions thereof tendered pursuant to the Offer Notice, (ii) if the Company appoints a depositary or Paying Agent, deposit with such depositary or Paying Agent
money sufficient to pay the purchase price of all Securities or portions thereof so tendered and 
  

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(iii) deliver to the Trustee Securities so accepted together with an Officers’ Certificate stating the Securities or portions thereof tendered to the Company. The depositary, the Company or
the Paying Agent, as the case may be, shall promptly mail or deliver to the Holders of Securities so accepted payment in an amount equal to the purchase price (representing those funds received pursuant to clause (ii) of this
Section 4.10(c)), and the Trustee shall promptly authenticate and mail or deliver to each such Holder a new Security equal in principal amount to any unpurchased portion of the Security surrendered; provided that each such new
Security will be in a principal amount of $1,000 or an integral multiple thereof. For purposes of this Section 4.10, the Trustee shall act as the Paying Agent. 

(f) The Company will comply with Section 14 of the Exchange Act and the provisions of Regulation 14E and any other tender offer
rules under the Exchange Act and any other federal and state securities laws, rules and regulations which may then be applicable to any Net Proceeds Offer. 

ARTICLE FIVE 

SUCCESSORS 

SECTION 5.01 When Company May Merge, etc. The Company shall not consolidate with or merge with or into any Person or sell, convey,
lease, transfer or otherwise dispose of all or substantially all of its assets to any Person, unless: 
 (1) the
Company survives such merger or the Person formed by such consolidation or into which the Company is merged or that acquires by sale, conveyance, transfer or other disposition, or which leases, all or substantially all of the assets of the Company
is a corporation, limited liability company, general partnership or limited partnership organized and existing under the laws of the United States of America, any state thereof or the District of Columbia, or Canada or any province thereof (a
“Successor”), and expressly assumes, by supplemental indenture, the due and punctual payment of the principal of, and any premium and interest on, all the Securities and the performance of every other covenant and obligation of the
Company under this Indenture; provided, that unless the Successor is a corporation, a corporate co-issuer of the Securities shall be added hereto by the execution and delivery of a supplemental indenture by such co-issuer; and 

(2) immediately after giving effect to such transaction no Default or Event of Default exists. 

In connection with any consolidation, merger, sale, conveyance, lease, transfer or other disposition contemplated by this
Section 5.01, the Company shall deliver to the Trustee prior to the consummation of the proposed transaction an Officers’ Certificate to the foregoing effect and an Opinion of Counsel stating that the proposed transaction and such
supplemental indenture, if any, comply with this Indenture. 
  

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 SECTION 5.02 Successor Substituted. Upon any consolidation, merger, lease, conveyance
or transfer in accordance with Section 5.01, the Trustee shall be notified by the Company or the Successor, and the Successor formed by such consolidation or into which the Company is merged or to which such lease, conveyance or transfer
is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such Successor had been named as the Company herein and thereafter (except in the case of a
lease) the predecessor will be relieved of all further obligations and covenants under this Indenture and the Securities. 

ARTICLE SIX 

DEFAULTS AND REMEDIES 

SECTION 6.01 Events of Default. An “Event of Default” occurs in respect of Securities of any series upon:

 (1) default by the Company or any Subsidiary Guarantor in the payment of principal of, or any premium on, the
Securities of such series when due and payable at Maturity; 
 (2) default by the Company or any Subsidiary
Guarantor in the payment of any installment of interest on the Securities of such series when due and payable and continuance of such default for 30 days; 

(3) default on any other Indebtedness of the Company or any Subsidiary Guarantor if either (A) such default results
in the acceleration of the maturity of any such Indebtedness having a principal amount of $75,000,000 or more individually or, taken together with the principal amount of any other such Indebtedness the maturity of which has been so accelerated, in
the aggregate, or (B) such default results from the failure to pay when due principal of any such Indebtedness, after giving effect to any applicable grace period (a “Payment Default”), having a principal amount of $75,000,000
or more individually or, taken together with the principal amount of any other Indebtedness under which there has been a Payment Default, in the aggregate; provided that if any such default is cured or waived or any such acceleration is rescinded,
or such Indebtedness is repaid, within a period of 30 days from the continuation of such default beyond any applicable grace period or the occurrence of such acceleration, as the case may be, such Event of Default and any consequent
acceleration of the Securities shall be rescinded, so long as any such rescission does not conflict with any judgment or decree or applicable provision of law; 

(4) default in the performance, or breach of, any covenant or agreement of the Company or any Subsidiary Guarantor in this
Indenture applicable to Securities of such series and, in each such case, failure to remedy such default within a period of 60 days after written notice thereof from the Trustee or Holders of 25% of the principal amount of the Securities of such
series; provided, however, that the Company shall have 90 days after the receipt of such 
  

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notice to remedy, or receive a waiver for, any failure to comply with its obligations under this Indenture so long as the Company is attempting to cure such failure as promptly as reasonably
practicable; 
 (5) a Guarantee by a Subsidiary Guarantor of the Securities of such series shall cease to be in
full force and effect (other than a release of a Guarantee in accordance with Section 10.05) or any Subsidiary Guarantor shall deny or disaffirm its obligations with respect thereto; 

(6) the Company or any Subsidiary Guarantor pursuant to or within the meaning of any Bankruptcy Law: 

(A) commences a voluntary case or proceeding, 

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

(C) consents to the appointment of a Custodian of it or for all or substantially all of its property, 

(D) makes a general assignment for the benefit of its creditors, or 

(E) admits in writing that it generally is unable to pay its debts as the same become due; 

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

(A) is for relief (with respect to the petition commencing such case) against the Company or any Subsidiary Guarantor in
an involuntary case or proceeding, 
 (B) appoints a Custodian of the Company or any Subsidiary Guarantor or for
all or substantially all of its property, or 
 (C) orders the liquidation of the Company or any Subsidiary
Guarantor, 
 and the order or decree remains unstayed and in effect for 60 days; or 

(8) any other Event of Default provided with regard to Securities of a particular series in the terms thereof. 

The term “Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the relief of debtors. The
term “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 
  

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 SECTION 6.02 Acceleration. If an Event of Default (other than an Event of Default
specified in clauses (6) or (7)) under Section 6.01 occurs and is continuing with respect to the Securities of a series, then and in every such case the Trustee or the Holders of not less than 25% of the principal amount of the
outstanding Securities of such series may declare the unpaid principal of (or, if any of the Securities of that series are Original Issue Discount Securities, such portion of the principal amount of such Securities as may be specified in the terms
thereof), and any premium and accrued and unpaid interest on, all the Securities of such series then outstanding to be due and payable, by a notice in writing to the Company (and to the Trustee, if given by Holders), and upon any such declaration
such principal (or other specified amount), and any premium and accrued and unpaid interest shall become immediately due and payable. If an Event of Default specified in clauses (6) or (7) of Section 6.01 above occurs, all
unpaid principal of, and any premium and accrued and unpaid interest on, all Securities then outstanding will become due and payable, without any declaration or other act on the part of the Trustee or any Holder. 

The Holders of a majority of the principal amount of the outstanding Securities of a series with respect to which a declaration of
acceleration has been made, by written notice to the Company, the Subsidiary Guarantors and the Trustee, may rescind and annul such declaration of acceleration and its consequences if (1) the Company or any Subsidiary Guarantor has paid or
deposited with such Trustee a sum sufficient to pay (A) all overdue installments of interest on all the Securities of such series, (B) the principal of, and any premium and interest on, any Securities of such series that have become due
otherwise than by such declaration of acceleration and interest thereon at the rate or rates prescribed therefor in the Securities of such series, (C) to the extent that payment of such interest is lawful, interest on the defaulted interest at
the rate or rates prescribed therefor in the Securities of such series, and (D) all money paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel;
(2) all Events of Default with respect to Securities of that series, other than the non-payment of the principal of, and any premium and interest on, any Securities of such series that have become due solely by such declaration of acceleration,
have been cured or waived as provided in this Indenture; and (3) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction. No such rescission will affect any subsequent Event of Default or impair any
right consequent thereon. 
 SECTION 6.03 Other Remedies. If an Event of Default occurs and is continuing with respect to
any series of Securities, the Trustee may, but is not obligated to, pursue, in its own name and as trustee of an express trust, any available remedy by proceeding at law or in equity to collect the payment of principal or interest on the Securities
of such series or to enforce the performance of any provision of the Securities of such series or this Indenture. If an Event of Default specified under clauses (6) or (7) of Section 6.01 occurs with respect to the Company at a
time when the Company is the Paying Agent, the Trustee shall assume the duties of Paying Agent. 
 The Trustee may maintain a
proceeding even if it does not possess any of the Securities or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the
right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive of any other remedy. All available remedies are cumulative. 

 

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 SECTION 6.04 Waiver of Past Defaults. Subject to Sections 6.07 and
9.02, the Holders of at least a majority of the principal amount of the outstanding Securities of a series by notice to the Trustee may waive an existing Default or Event of Default with respect to such series and its consequences, except an
Event of Default under clauses (1) and (2) of Section 6.01. 
 SECTION 6.05 Control by Majority.
The Holders of a majority in principal amount of the outstanding Securities of a series will 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 such Trustee with respect to Securities of such series, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take any other action deemed proper by such
Trustee that is not inconsistent with such direction. 
 SECTION 6.06 Limitation on Remedies. No Holder of any of the
Securities of a series will have any right to institute any proceeding, judicial or otherwise, to appoint a receiver or trustee or to pursue any remedy under this Indenture, unless: 

(1) such Holder has previously given notice to the Trustee of a continuing Event of Default with respect to such series,

 (2) the Holders of not less than 25% of the principal amount of the outstanding Securities of such series have
made written request to such Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee under this Indenture, 

(3) such Holder or Holders have offered to such Trustee indemnity reasonably satisfactory to it against the costs,
expenses and liabilities to be incurred in compliance with such request, 
 (4) such Trustee for 60 days after
its receipt of such notice, request and offer of indemnity has failed to institute any proceeding, and 
 (5) no
direction inconsistent with such written request has been given to such Trustee during such 60-day period by the Holders of a majority of the principal amount of the outstanding Securities of such series. 

A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over other Holders.

 SECTION 6.07 Rights of Holders to Receive Payment. Notwithstanding any other provision of this Indenture, the Holder
of any Securities will have the right, which is absolute and unconditional, to receive payment of the principal of and interest on such Securities on the Maturity therefor and to institute suit for the enforcement of any such payment, and such right
may not be impaired without the consent of such Holder. 
 SECTION 6.08 Collection Suit by Trustee. If an Event of
Default in payment of principal or any premium or interest specified in paragraphs (1) or (2) of Section 6.01 in respect of a series of Securities occurs and is continuing, the Trustee may recover judgment in its own

  

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name and as trustee of an express trust against the Company or any Subsidiary Guarantor for the whole amount of principal and any premium and interest then due and remaining unpaid with respect
to the Securities of such series, and interest on overdue principal and any premium, and, to the extent lawful, interest on overdue interest, and such further amounts as shall be sufficient to cover the costs and expenses of collection, including
the reasonable compensation and expenses of the Trustee, its agents and counsel. 
 SECTION 6.09 Trustee May File Proofs of
Claim. 
 (a) The Trustee may file such proofs of claim and other papers or documents as may be necessary or advisable in
order to have the claims of the Trustee and the Holders allowed in any judicial proceedings relative to the Company, the Subsidiary Guarantors, their creditors or their property and may collect and receive any money or securities or other property
payable or deliverable on any such claims and to distribute the same. 
 (b) Nothing herein contained shall be deemed to
authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof, or to authorize the Trustee
to vote in respect of the claim of any Holder in any such proceeding. 
 SECTION 6.10 Priorities. If the Trustee collects
any money pursuant to this Article Six with respect to Securities of any series, it shall pay out the money in the following order: 

First: to the Trustee for amounts due under Section 7.07; 

Second: to Holders for amounts due and unpaid on the Securities of such series for principal and interest, ratably, without preference or
priority of any kind, according to the amounts due and payable on the Securities of such series for principal and interest, respectively; and 

Third: to the Company. 

The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 6.10. 

SECTION 6.11 Undertaking for Costs. In any suit for the enforcement of any right or remedy under this Indenture or in any suit
against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess
reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does
not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07, or a suit by Holders of more than 10% in principal amount of the then outstanding Securities of any series. 

 

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 ARTICLE SEVEN 

TRUSTEE 

SECTION 7.01 Duties of Trustee. 

(a) If an Event of Default with respect to any series of Securities has occurred and is continuing, the Trustee shall exercise with
respect to Securities of such series such rights and powers vested in it by this Indenture and use the same degree of care and skill in such exercise as a prudent person would exercise or use under the circumstances in the conduct of such
person’s own affairs. 
 (b) Except during the continuance of an Event of Default with respect to any series of Securities:

 (1) The Trustee need perform only those duties that are specifically set forth (or incorporated by reference)
in this Indenture with respect to the Securities of such series and no others. 
 (2) In the absence of bad faith
on its part, the Trustee may, with respect to the Securities of such series, conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and
conforming to the requirements of this Indenture. However, in the case of certificates or opinions specifically required by any provision hereof to be furnished to it, the Trustee shall examine such certificates and opinions to determine whether or
not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 

(c) The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act, or its own willful
misconduct, except that: 
 (1) This paragraph (c) does not limit the effect of paragraph (b) of this
Section. 
 (2) The Trustee shall not be liable for any error of judgment made in good faith by a Trust Officer,
unless it is proved that the Trustee was negligent in ascertaining the pertinent facts. 
 (3) The Trustee shall
not be liable to Holders of Securities of a series with respect to action it takes or omits to take in good faith in accordance with a direction received by it from Holders of Securities of such series pursuant to Section 6.05, and the
Trustee shall be entitled from time to time to request such a direction. 
 (d) Every provision of this Indenture that in any
way relates to the Trustee is subject to paragraphs (a), (b) and (c) of this Section. 
  

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 (e) The Trustee shall be under no obligation and may refuse to perform any duty or exercise
any right, duty or power hereunder unless it receives indemnity reasonably satisfactory to it against any loss, liability, claim, damage or expense. No provision of this Indenture shall require the Trustee to expend or risk its own funds or
otherwise incur 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 to believe that repayment of such funds or adequate indemnity against such
risk or liability is not reasonably assured to it. 
 (f) The Trustee shall not be liable for interest on any money received by
it except as the Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

SECTION 7.02 Rights of Trustee. Subject to Section 7.01: 

(a) The Trustee may conclusively rely on and shall be fully protected in acting or refraining from acting upon any document believed by
it to be genuine and to have been signed or presented by the proper person. 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 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, to the extent reasonably required by such inquiry or investigation at the expense of the
Company and shall incur no liability of any kind by reason of such inquiry or investigation. 
 (b) Before the Trustee acts or
refrains from acting, it may require an Officers’ Certificate of the Company or an Opinion of Counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such certificate or opinion.

 (c) The Trustee may act through agents or attorneys and shall not be responsible for the misconduct or negligence of any
agent appointed with due care. 
 (d) The Trustee shall not be liable for any action it takes or omits to take in good faith
which it believes to be authorized or within its rights or powers under this Indenture. 
 (e) The Trustee may consult with
counsel of its selection and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and reliance thereon.

 (f) In no event shall the Trustee be responsible or liable for special, indirect, or consequential loss or damage of any kind
whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

 

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 (g) The Trustee shall not be deemed to have notice of any Default or Event of Default unless
a Trust Officer has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities and this Indenture.

 (h) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its
right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder and each agent, custodian and other person employed by the Trustee to act hereunder. 

(i) The Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles of officers
authorized at such time to take specified actions pursuant to this Indenture. 
 (j) Any request or direction of the Company
mentioned herein shall be sufficiently evidenced by a Company Request or Company Order and resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution. 

SECTION 7.03 Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of
Securities and may otherwise deal with the Company or its Subsidiaries or Affiliates with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. However, the Trustee must comply with
Sections 7.10 and 7.11. 
 SECTION 7.04 Trustee’s Disclaimer. The Trustee makes no representation
as to the validity or adequacy of this Indenture or the Securities, it shall not be accountable for the Company’s use of the proceeds from the Securities or any prospectus, offering or solicitation documents, and it shall not be responsible for
any statement in the Securities other than its certificate of authentication. 
 SECTION 7.05 Notice of Defaults. If a
Default occurs and is continuing with respect to the Securities of any series and if it is known to the Trustee, the Trustee shall mail to each Holder of Securities of such series pursuant to Section 13.02 a notice of the Default within
90 days after it occurs. Except in the case of a Default in any payment on any Security of such series, the Trustee may withhold the notice if and so long as its board of directors, executive committee or a trust committee of officers in good
faith determines that withholding the notice is in the interests of Holders of Securities of such series. 
 SECTION 7.06
Reports by Trustee to Holders. Within 60 days after each April 1, beginning with the April 1 following the date of this Indenture, the Trustee shall mail to each Holder a brief report dated as of such April 1 that complies
with TIA Section 313(a), but only if such report is required in any year under TIA Section 313(a). The Trustee also shall comply with TIA Sections 313(b) and 313(c). A copy of each report at the time of its mailing to Holders shall be
filed with the SEC and each stock exchange on which the Securities are listed and with the Company. The Company shall notify the Trustee in writing when the Securities become listed on any national securities exchange or of any delisting thereof.

  

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 SECTION 7.07 Compensation and Indemnity. Each of the Company and the Subsidiary
Guarantors, jointly and severally, agrees to pay the Trustee from time to time reasonable compensation for its services as shall be agreed upon from time to time in writing between the Company and the Trustee (which compensation shall not be limited
by any provision of law in regard to the compensation of a trustee of an express trust). The Company agrees to reimburse the Trustee upon request for all reasonable out-of-pocket expenses, disbursements and advances incurred by it. Such expenses
shall include when applicable the reasonable compensation and expenses of the Trustee’s agents and counsel. 
 The Trustee
shall not be under any obligation to institute any suit, or take any remedial action under this Indenture, or to enter any appearance or in any way defend any suit in which it may be a defendant, or to take any steps in the execution of the trusts
created hereby or thereby or in the enforcement of any rights and powers under this Indenture, until it shall be indemnified to its satisfaction against any and all expenses, disbursements and advances incurred or made by the Trustee in accordance
with any provisions of this Indenture, including compensation for services, costs, expenses, outlays, counsel fees and other disbursements, and against all liability (including fees and expenses incurred by the Trustee pursuant to the penultimate
paragraph of Section 7.08) determined not to have been caused by its own negligence or willful misconduct. The Company agrees to indemnify the Trustee against any loss, liability, claim, damage or expenses incurred by it arising out of or in
connection with the acceptance and administration of the trust and its duties hereunder as Trustee, Registrar and/or Paying Agent, including the costs and expenses of enforcing this Indenture against the Company (including with respect to this
Section 7.07) and of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder. The Trustee shall notify the Company of any claim of which a Trust Officer has
received written notice for which it may seek indemnity; however, the failure of the Trustee to promptly notify the Company shall not limit its right to indemnification. The Company shall defend each such claim and the Trustee shall cooperate in the
defense. The Trustee may retain separate counsel and the Company shall reimburse the Trustee for the reasonable fees and expenses of such counsel. The Company need not pay for any settlement made without its consent (which consent shall not be
unreasonably withheld). 
 The Company shall not be obligated to reimburse any expense or indemnify against any loss, liability,
claim or damage incurred by the Trustee determined to have been caused by the Trustee’s own negligence or willful misconduct. To secure the payment obligations of the Company in this Section, the Trustee shall have a claim prior to that of the
Holders of the Securities on all money or property held or collected by the Trustee, except that held in trust to pay principal of and interest on, or the redemption price of, particular Securities. The Trustee’s right to receive payment of any
amounts due under this Section 7.07 shall not be subordinate to any other liability or Indebtedness of the Company or any Subsidiary Guarantor. 

When the Trustee incurs expenses or renders services after the occurrence of any Event of Default specified in clauses (6) or
(7) of Section 6.01, the expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. 
  

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 The benefits of this section shall survive termination of this Indenture and resignation or
removal of the Trustee. 
 SECTION 7.08 Separate Trustee; Replacement of Trustee. The Company may, but need not, appoint
a separate Trustee for any one or more series of Securities. The Trustee may resign by so notifying the Company and the Subsidiary Guarantors. The Holders of a majority in principal amount of the Securities of a particular series may remove the
Trustee for such series by so notifying the Trustee and the Company in writing. The Company may remove the Trustee if: 
 (1)
the Trustee fails to comply with Section 7.10; 
 (2) the Trustee is adjudged a bankrupt or an insolvent;

 (3) a receiver or other public officer takes charge of the Trustee or its property; or 

(4) the Trustee becomes incapable of acting as Trustee hereunder. 

If the Trustee for a series of Securities resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the
Company shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of such series of Securities may appoint a successor Trustee to replace the successor Trustee
for such series appointed by the Company. 
 A successor Trustee shall deliver a written acceptance of its appointment to the
retiring Trustee and to the Company and the Subsidiary Guarantors. Immediately after that and upon payment of its charges hereunder, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee, subject to the lien
provided for in Section 7.07, the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. A successor Trustee
shall mail notice of its succession to each Holder of Securities of the applicable series. 
 If a successor Trustee does not
take office within 30 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of a majority in principal amount of any applicable series of Securities may petition, at the expense of the Company, any
court of competent jurisdiction for the appointment of a successor Trustee for such series. 
 If the Trustee fails to comply
with Section 7.10, any Holder of Securities of the applicable series may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. Any successor Trustee shall comply with TIA
Section 310(a)(5). 
 SECTION 7.09 Successor Trustee by Merger, etc. If the Trustee consolidates, merges or converts
into, or transfers all or substantially all of its corporate trust assets to, another corporation or national association, the successor corporation or national association without any further act shall be the successor Trustee; provided that such
corporation or national association shall be otherwise eligible and qualified under this Article and shall notify the Company of its successor hereunder. 
  

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 SECTION 7.10 Eligibility; Disqualification. This Indenture shall always have a
Trustee which satisfies the requirements of TIA Section 310(a)(1). The Trustee shall always have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition. The Trustee shall also
comply with TIA Section 310(b). 
 SECTION 7.11 Preferential Collection of Claims Against Company. The Trustee shall
comply with TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated therein. 

ARTICLE EIGHT 

DEFEASANCE 

SECTION 8.01 Applicability of Article. The provisions of this Article Eight shall be applicable to each series of
Securities except as otherwise specified pursuant to Section 2.03 for Securities of such series. 
 SECTION 8.02
Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers’ Certificate, at any time, with respect to the Securities of a series,
elect to exercise its rights pursuant to either Section 8.03 or 8.04 with respect to all outstanding Securities of such series upon compliance with the conditions set forth below in this Article Eight. 

SECTION 8.03 Legal Defeasance and Discharge. Upon the Company’s exercise under Section 8.02 of the option
applicable to this Section 8.03 with respect to a series of Securities, the Company and each Subsidiary Guarantor shall be deemed to have been discharged from its obligations with respect to all outstanding Securities of such series on
the date all conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Company and any Subsidiary Guarantors shall be deemed to have paid and discharged the
entire Indebtedness represented by the outstanding Securities of the applicable series and any Guarantees thereof, which shall thereafter be deemed to be “outstanding” only for the purposes of Section 8.06 and the other
Sections of this Indenture referred to in clauses (a) and (b) of this Section 8.03, and to have satisfied all their other obligations under such Securities and this Indenture (and the Trustee, on demand of and at the expense of
the Company, shall execute proper instruments acknowledging the same), except for the following which shall survive such satisfaction and discharge until otherwise terminated or discharged hereunder: (a) the rights of Holders of outstanding
Securities of such series to receive solely from the trust fund described in Section 8.06, and as more fully set forth in such Section, payments in respect of the principal of, and any premium and interest on, such Securities when such
payments are due, (b) the Company’s obligations with respect to such Securities under Sections 2.06, 2.09, 2.10, 2.12 and 4.04, (c) the rights, powers, trusts, duties and immunities of the
Trustee hereunder and the Company’s obligations in connection therewith (including, but not limited to, Section 7.07) and (d) this Article Eight. Subject to compliance

  

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with this Article Eight, the Company may exercise its option under this Section 8.03 notwithstanding the prior exercise of its option under Section 8.04 with
respect to the Securities of a series. 
 SECTION 8.04 Covenant Defeasance. Upon the Company’s exercise under
Section 8.02 of the option applicable to this Section 8.04 with respect to a series of Securities, the Company shall be released from its obligations under the covenants contained in Sections 4.02, 4.03,
4.07, 4.08 and 4.09 and Article Five with respect to the outstanding Securities of such series on and after the date the conditions set forth below are satisfied (hereinafter, “Covenant Defeasance”), and
the Securities of such series shall thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but
shall continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Securities shall not be deemed outstanding for accounting purposes). For this purpose, such Covenant Defeasance means that, with
respect to the outstanding Securities of the applicable series, 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 covenant, whether directly or indirectly, by reason
of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under
Section 6.01, but, except as specified above, the remainder of this Indenture and such Securities shall be unaffected thereby. In addition, upon the Company’s exercise under Section 8.02 of the option applicable to this
Section 8.04, with respect to a series of Securities, clauses (3) through (8) of Section 6.01 shall not constitute Events of Default with regard to such Securities. 

SECTION 8.05 Conditions to Legal or Covenant Defeasance. The following shall be the conditions to application of either
Section 8.03 or Section 8.04 to the outstanding Securities of a series: 
 (a) The Company shall
irrevocably have deposited or cause to be deposited with the Trustee (or another trustee satisfying the requirements of Section 7.10 who shall agree to comply with the provisions of this Article Eight applicable to it) as trust
funds in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of Securities of such series, (a) cash in U.S. Legal Tender in an amount, or
(b) U.S. Government Securities 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, cash in U.S. Legal Tender in
an amount, or (c) a combination thereof, in such amounts, as will be sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee (or other
qualifying trustee) to pay (i) the principal of, and any premium and interest on, the outstanding Securities of such series on each date on which such principal or any premium or interest is due and payable or on any redemption date established
pursuant to the last paragraph of Section 8.06, and (ii) any mandatory sinking fund payments on the dates on which such payments are due and payable in accordance with the terms of this Indenture and of such Securities; provided
that the Trustee shall have been irrevocably instructed to apply such money or the proceeds of such U.S. Government Securities to said payments with respect to the Securities of such series; 

 

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 (b) In the case of an election under Section 8.03, the Company shall have
delivered to the Trustee an Opinion of Counsel confirming that (i) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or (ii) since the date hereof, there has been a change in the
applicable federal income tax law, in either case to the effect that, and based thereon such opinion shall confirm that, the Holders of the outstanding Securities of such series will not recognize income, gain or loss for federal income tax purposes
as a result of such Legal Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 

(c) In the case of an election under Section 8.04, the Company shall have delivered to the Trustee an Opinion of Counsel to
the effect that the Holders of the outstanding Securities of such series will not recognize income, gain or loss for federal income tax purposes as a result of such Covenant Defeasance and will be subject to federal income tax on the same amounts,
in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 
 (d) No
Default or Event of Default with respect to the Securities of such series shall have occurred and be continuing on the date of such deposit or, insofar as clauses (6) or (7) of Section 6.01 is concerned, at any time in the
period ending on the 91st day after the date of such deposit (it being understood that this condition shall not be deemed satisfied until the expiration of such period); 

(e) Such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under any other
material agreement or instrument to which the Company is a party or by which the Company is bound, and if the Securities of such series are subordinated pursuant to Article Eleven, is not prohibited by Article Eleven; 

(f) In the case of any election under Section 8.03 or 8.04, the Company shall have delivered to the Trustee an
Officers’ Certificate stating that the deposit made by the Company pursuant to its election under Section 8.03 or 8.04 was not made by the Company with the intent of preferring the Holders over other creditors of the Company
or with the intent of defeating, hindering, delaying or defrauding creditors of the Company or others; and 
 (g) The Company
shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for relating to either the Legal Defeasance under Section 8.03 or the Covenant Defeasance
under Section 8.04 (as the case may be) have been complied with as contemplated by this Section 8.05. 

SECTION 8.06 Deposited Money and U.S. Government Securities to be Held in Trust; Other Miscellaneous Provisions. Subject to
Section 8.07, all money and U.S. Government Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 8.06, the “Trustee”)
pursuant to Section 8.05 in respect of the outstanding Securities of a series shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment, either directly or
through any Paying Agent (including the Company or a Subsidiary Guarantor, if any, acting as Paying Agent) as the Trustee may determine, to the Holders of such Securities of all sums due and to become due thereon in respect of principal and any
premium and interest, but such money need not be segregated from other funds except to the extent required by law. 
  

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 The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed
on or assessed against the cash or U.S. Government Securities deposited pursuant to Section 8.05 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 the outstanding Securities. 
 Anything in this Article Eight to the contrary notwithstanding, the Trustee
shall deliver or pay to the Company from time to time upon the Company’s request any money or U.S. Government Securities held by it as provided in Section 8.05 which, in the opinion of a nationally recognized firm of independent
public accountants expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.05(a)), are in excess of the amount thereof which would then be required to be deposited to
effect an equivalent Legal Defeasance or Covenant Defeasance. 
 Before or after the deposit pursuant to
Section 8.05(b), the Company may make arrangements satisfactory to the Trustee for the redemption of Securities of such series at a future date pursuant to Article Three. 

SECTION 8.07 Repayment to Company. Any money deposited with the Trustee or any Paying Agent, or then held by the Company, whether
pursuant to this Article Eight or otherwise, in trust for the payment of the principal of, and any premium and interest on, or redemption price or mandatory sinking fund payment on, any Security which has remained unclaimed for two years
after such principal and any premium or interest has become due and payable shall be paid to the Company on its request (unless an abandoned property law designates another Person) or (if then held by the Company) shall be discharged from such
trust; and the Holder of such Securities 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 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 The New
York Times and The Wall Street Journal (national edition), 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 8.08 Reinstatement. If the Trustee or Paying Agent is unable to
apply any U.S. Legal Tender or U.S. Government Securities in accordance with Section 8.03 or 8.04, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining, or otherwise
prohibiting such application, then the Company’s obligations under this Indenture and the Securities of the applicable series shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.03 or 8.04
until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with this Article Eight; provided, however, that, if the Company makes any payment of principal of, or any premium or interest on,
or redemption price or mandatory sinking fund payment on, any Security of such 
  

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series following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money held by the Trustee
or Paying Agent. In the event the Company’s obligations under this Indenture and the Securities of a series are revived and reinstated pursuant to this Section 8.08, then the obligations of each Subsidiary Guarantor under its
Guarantee, if any, and this Indenture that were released pursuant to Section 10.05 as a result of the Company’s exercise of its rights under this Article Eight shall be revived and reinstated as though such release had not
occurred. 
 ARTICLE NINE 

AMENDMENTS, SUPPLEMENTS AND WAIVERS 

SECTION 9.01 Without Consent of Holders. 

The Company, the Subsidiary Guarantors and the Trustee may amend or supplement this Indenture or the Securities of any series without
notice to or consent of any Holder: 
 (1) to cure any ambiguity, omission, defect or inconsistency; provided
that such modification shall not adversely affect the Holders of any series in any material respect; 
 (2) to
comply with Sections 5.01 and 10.03; 
 (3) to add to, change or eliminate any of the
provisions of this Indenture; provided that any such addition, change or elimination shall not be effective as to Securities of any series outstanding prior to the date of such amendment or supplement; 

(4) to establish the forms or terms of the Securities of any series issued hereunder; 

(5) to evidence the acceptance or appointment by a separate Trustee or successor Trustee with respect to one or more
series of Securities or otherwise; 
 (6) in the case of any Securities that are designated as Subordinated Debt
Securities, to make any change in Article Eleven that would limit or terminate the benefits available to any holder of Senior Indebtedness (or Representatives therefor) under Article Eleven; 

(7) to reflect the addition or release of any Subsidiary Guarantor, as provided for by this Indenture, or to secure any of
the Securities or the Guarantees; 
 (8) to comply with any requirements of the SEC in order to effect or
maintain the qualification of this Indenture under the TIA; 
 (9) to provide for uncertificated Securities in
addition to certificated Securities; 
  

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 (10) to make provisions with respect to the conversion of Securities of any
series that are convertible in accordance with the terms of such Securities; or 
 (11) to make any change that
would provide any additional benefit or rights to the Holders of such series or that does not adversely affect the rights of any Holder of such series in any material respect. 

Upon the request of the Company and the Subsidiary Guarantors, accompanied by a Board Resolution of the Company and of each Subsidiary
Guarantor authorizing the execution of any such supplemental indenture, and upon receipt by the Trustee of the documents described in Section 9.06, the Trustee shall join with the Company and the Subsidiary Guarantors in the execution of
any supplemental indenture authorized or permitted by the terms of this Indenture and make any further appropriate agreements and stipulations that may be therein contained. 

SECTION 9.02 With Consent of Holders. Except as provided below in this Section 9.02, the Company, the Subsidiary
Guarantors and the Trustee may amend or supplement this Indenture or the Securities of any series with the consent (including consents obtained in connection with a tender offer or exchange offer for Securities or a solicitation of consents in
respect of Securities) of the Holders of at least a majority in aggregate principal amount of the Securities of each series affected by such amendment or supplement, considered together as a single class. 

For purposes of this Indenture, the consent of the Holder of a Global Security shall be deemed to include any consent delivered by any
member of, or participant in, the Depositary or such other depositary institution hereinafter appointed by the Company by electronic means in accordance with the Automated Tender Offer Procedures system or other customary procedures of, and pursuant
to authorization by, such entity. 
 Upon the request of the Company and the Subsidiary Guarantors, accompanied by a Board
Resolution of the Company and each Subsidiary Guarantor authorizing the execution of any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of the Holders as aforesaid, and upon receipt by the Trustee of the
Opinion of Counsel and Officers’ Certificate described in Section 9.06, the Trustee shall join with the Company and the Subsidiary Guarantors in the execution of such supplemental indenture. 

It shall not be necessary for the consent of the Holders under this Section to approve the particular form of any proposed amendment or
waiver, but it shall be sufficient if such consent approves the substance thereof. 
 The Holders of a majority in aggregate
principal amount of the outstanding Securities of all series affected thereby, considered together as a single class, may waive compliance in a particular instance by the Company or the Subsidiary Guarantors with any provision of this Indenture or
the Securities of any series (including waivers obtained in connection with a tender offer or exchange offer for Securities or a solicitation of consents in respect of Securities). However, without the consent of each Holder affected, an amendment,
supplement or waiver under this Section may not: 
 (1) reduce the percentage of principal amount of Securities
whose Holders must consent to an amendment, supplement or waiver of any provision of this Indenture or the Securities; 
  

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 (2) reduce the rate or change the time for payment of interest, including
default interest, if any, on the Securities of any series; 
 (3) reduce the principal amount of any Security or
change the Maturity Date of the Securities of any series; 
 (4) reduce the amount payable upon the redemption of
any Security; 
 (5) adversely affect the conversion rights of any Security that is convertible in accordance
with the applicable provisions of such Security; 
 (6) waive any Event of Default under clauses (1) and
(2) of Section 6.01; 
 (7) make any Security payable in money other than that stated in such
Security; 
 (8) impair the right of Holders of Securities of any series to receive payment of the principal of
and interest on Securities on the respective due dates therefor and to institute suit for the enforcement of any such payment; 

(9) make any change in Sections 6.04 or 6.07 or in this sentence of this Section 9.02.

 An amendment, supplement or waiver which changes, waives or eliminates any covenant or other provision of this Indenture
which has expressly been included solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be deemed not
to affect the rights under this Indenture of the Holders of Securities of any other series. 
 SECTION 9.03 Compliance with
Trust Indenture Act. Every amendment to or supplement of this Indenture or the Securities shall comply with the TIA as then in effect. 

SECTION 9.04 Revocation and Effect of Consents. A consent to an amendment, supplement or waiver by a Holder of a Security shall
bind the Holder and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security. However, until an amendment,
supplement or waiver becomes effective, any such Holder or subsequent Holder may revoke the consent as to its Security or portion of a Security. For such revocation to be effective, the Trustee must receive the notice of revocation before the date
the amendment, supplement or waiver becomes effective. 
 The Company may, but shall not be obligated to, fix a record date for
the purpose of determining the Holders entitled to consent to any amendment, supplement or waiver. If the 
  

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Company elects to fix a record date for such purpose, the record date shall be fixed at (i) the later of 30 days prior to the first solicitation of such consent or the date of the most
recent list of Holders furnished to the Trustee prior to such solicitation pursuant to Section 2.08, or (ii) such other date as the Company shall designate. If a record date is fixed, then notwithstanding the provisions of the
immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to consent to such amendment, supplement or waiver or to revoke any consent previously
given, whether or not such Persons continue to be Holders after such record date. No consent shall be valid or effective for more than 90 days after such record date unless consent from the Holders of the principal amount of Securities required
hereunder for such amendment, supplement or waiver to be effective also shall have been given and not revoked within such 90-day period. 

After an amendment, supplement or waiver becomes effective, it shall bind every Holder unless it makes a change described in any of
clauses (1) through (9) of Section 9.02. In that case the amendment, supplement or waiver shall bind each Holder of a Security who has consented to it and every subsequent Holder of a Security or portion of a Security that
evidences the same debt as the consenting Holder’s Security. 
 SECTION 9.05 Notation on or Exchange of Securities.
If an amendment, supplement or waiver changes the terms of a Security of any series, the Trustee may require the Holder of the Security to deliver it to the Trustee. The Trustee may place an appropriate notation on the Security about the changed
terms and return it to the Holder. Alternatively, if the Company or the Trustee so determines, the Company in exchange for the Security shall issue and the Trustee shall authenticate a new Security that reflects the changed terms. Failure to make
appropriate notation or issue a new Security shall not affect the validity of any such amendment, supplement or waiver. 

SECTION 9.06 Trustee Protected. The Trustee shall sign any amendment, supplement or waiver authorized pursuant to this Article if
the amendment, supplement or waiver does not adversely affect the rights of the Trustee. If it does adversely affect the rights of the Trustee, the Trustee may but need not sign it. In signing such amendment, supplement or waiver the Trustee shall
be provided with, and (subject to Article Seven) shall be fully protected in relying upon, an Opinion of Counsel and an Officers’ Certificate of the Company stating that such amendment, supplement or waiver is authorized or permitted by
and complies with this Indenture. 
 ARTICLE TEN 

GUARANTEES 

SECTION 10.01 Applicability of Article. The provisions of this Article Ten shall be applicable only to, and inure solely to
the benefit of, the Securities of any series designated, pursuant to Section 2.03, as entitled to the benefits of the Guarantee of any of the Subsidiary Guarantors. 

SECTION 10.02 Unconditional Guarantee. Each Subsidiary Guarantor hereby, jointly and severally, fully and unconditionally
guarantees, as principal obligor and not only as 
  

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surety (such guarantee to be referred to herein as the “Guarantee”), to each Holder the due and punctual payment of the principal of, and any premium and interest on, the
Securities and all other amounts due and payable under this Indenture and the Securities by the Company whether at Maturity or otherwise, including, without limitation, interest on the overdue principal of, and any premium and interest on, the
Securities, to the extent lawful, all in accordance with the terms hereof and thereof; subject, however, to the limitations set forth in Section 10.06 and, in the case of the Guarantee of any Subordinated Debt Securities, to the
subordination provisions contained in Article Eleven. 
 Failing payment when due of any amount so guaranteed for
whatever reason, the Subsidiary Guarantors will be jointly and severally obligated to pay the same immediately. Each Subsidiary Guarantor hereby agrees that its obligations hereunder shall be unconditional, irrespective of the validity, regularity
or enforceability of the Securities or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Securities with respect to any provisions hereof or thereof, the recovery of any judgment against the
Company, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Each Subsidiary Guarantor hereby waives diligence, presentment, demand of payment, filing of
claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenants that this Guarantee will not be discharged except by
complete performance of the obligations contained in the Securities, this Indenture and in this Guarantee. If any Holder or the Trustee is required by any court or otherwise to return to the Company, any Subsidiary Guarantor, or any custodian,
trustee, liquidator or other similar official acting in relation to the Company or any Subsidiary Guarantor, any amount paid by the Company or any Subsidiary Guarantor to the Trustee or such Holder, this Guarantee, to the extent theretofore
discharged, shall be reinstated in full force and effect. Each Subsidiary Guarantor agrees it shall not be entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all
obligations guaranteed hereby. Each Subsidiary Guarantor further agrees that, as between each Subsidiary Guarantor, on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the obligations guaranteed hereby may
be accelerated as provided in Article Six for the purposes of this Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (y) in the event of
any acceleration of such obligations as provided in Article Six, such obligations (whether or not due and payable) shall forthwith become due and payable by each Subsidiary Guarantor for the purpose of this Guarantee. 

SECTION 10.03 Subsidiary Guarantors May Consolidate, etc., on Certain Terms. 

(a) Subject to paragraph (b) of this Section 10.03, no Subsidiary Guarantor (other than a Subsidiary Guarantor whose
Guaranty is to be released in accordance with this Indenture) may consolidate or merge with or into (whether or not such Subsidiary Guarantor is the surviving Person) another Person unless (i) the Person formed by or surviving any such
consolidation or merger (if other than such Subsidiary Guarantor) assumes all the obligations of such Subsidiary Guarantor under this Indenture and the Securities pursuant to a supplemental indenture, in a form reasonably satisfactory to the Trustee
and (ii) immediately after such transaction, no Default or Event of Default exists. In connection with any consolidation or 

 

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merger contemplated by this Section 10.03, the Company shall deliver to the Trustee prior to the consummation of the proposed transaction an Officers’ Certificate to the
foregoing effect and an Opinion of Counsel stating that the proposed transaction and such supplemental indenture, if any, comply with this Indenture. This Section 10.03(a) is not applicable to a merger between Subsidiary Guarantors or a
merger between the Company and a Subsidiary Guarantor. 
 (b) In the event of a sale or other disposition of all or
substantially all of the assets of any Subsidiary Guarantor or a sale or other disposition of all of the Capital Stock of such Subsidiary Guarantor, in any case by way of merger, consolidation or otherwise, then such Subsidiary Guarantor (in the
event of a sale or other disposition, by way of such a merger, consolidation or otherwise, of all of the Capital Stock of such Subsidiary Guarantor) or the Person acquiring the assets (in the event of a sale or other disposition of all or
substantially all of the assets of such Subsidiary Guarantor) will be automatically released and relieved of any obligations under its Guarantees. 

SECTION 10.04 Addition of Subsidiary Guarantors. 

(a) The Company shall cause each domestic Subsidiary that shall become a Subsidiary after the Issue Date of a series of Securities that
are Guaranteed pursuant to this Article X and that guarantees any other Indebtedness of the Company or a Subsidiary Guarantor in excess of a De Minimis Guaranteed Amount to execute and deliver a supplemental indenture pursuant to which such
Subsidiary shall guarantee the payment of such Securities pursuant to the terms hereof within 180 days after the later of (i) the date that Subsidiary becomes a domestic Subsidiary and (ii) the date that Subsidiary guarantees such
other Indebtedness; provided that no guarantee shall be required if the Subsidiary merges into the Company or merges into an existing Subsidiary Guarantor and the surviving entity remains a Subsidiary Guarantor. 

(b) Any Person that was not a Subsidiary Guarantor on the date of this Indenture may become a Subsidiary Guarantor by executing and
delivering to the Trustee (i) a supplemental indenture in form and substance satisfactory to the Trustee, which subjects such Person to the provisions of this Indenture as a Subsidiary Guarantor and (ii) an Opinion of Counsel and
Officers’ Certificate to the effect that such supplemental indenture has been duly authorized and executed by such Person and constitutes the legal, valid and binding obligation of such Person (subject to such customary exceptions concerning
creditors’ rights and equitable principles as may be acceptable to the Trustee in its discretion and provided that no opinion need be rendered concerning the enforceability of the Guarantee). 

SECTION 10.05 Release of a Subsidiary Guarantor. Upon (i) the sale or disposition of a Subsidiary Guarantor (or all or
substantially all of its assets) or (ii) the cessation by a Subsidiary Guarantor to guarantee any other Indebtedness of the Company or any other Subsidiary Guarantor other than a De Minimis Guaranteed Amount, in each case which is otherwise in
compliance with the terms of this Indenture, including but not limited to the provisions of Section 10.03, such Subsidiary Guarantor shall be automatically released from all of its Guarantee and related obligations in this Indenture
without any further action by the Trustee, the Company or such Subsidiary Guarantor. Subject to Section 8.08, upon the Company’s election, in compliance with the conditions set forth in Article Eight hereof, to exercise its
rights pursuant to either Section 8.03 or 8.04 with respect to all outstanding 
  

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Securities, each Subsidiary Guarantor shall be automatically released from all of its Guarantee and related obligations in this Indenture without any further action by the Trustee, the Company or
any Subsidiary Guarantor. The Trustee shall deliver an appropriate instrument evidencing any such release upon receipt of a request by the Company accompanied by an Officers’ Certificate. Any Subsidiary Guarantor not so released remains liable
for the full amount of principal of and interest on the Securities as provided in this Article Ten. 
 SECTION 10.06
Limitation of Subsidiary Guarantor’s Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that the guarantee by such Subsidiary Guarantor pursuant to
its Guarantee not constitute a fraudulent transfer or conveyance for purposes of any federal, state or foreign law. To effectuate the foregoing intention, the Holders and each Subsidiary Guarantor hereby irrevocably agree that the obligations of
each Subsidiary Guarantor under the 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 after giving effect 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 Guarantee or pursuant to Section 10.07, result in the obligations of such Subsidiary Guarantor under the
Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal, state or foreign law. This Section 10.06 is for the benefit of the creditors of each Subsidiary Guarantor, and, for purposes of applicable
fraudulent transfer and fraudulent conveyance law, any Indebtedness of a Subsidiary Guarantor pursuant to Credit Facilities shall be deemed to have been incurred prior to the incurrence by such Subsidiary Guarantor of its liability under the
Guarantee. 
 SECTION 10.07 Contribution. In order to provide for just and equitable contribution among the Subsidiary
Guarantors, the Subsidiary Guarantors agree, inter se, that in the event any payment or distribution is made by any Subsidiary Guarantor (a “Funding Guarantor”) under the Guarantee, such Funding Guarantor shall be entitled to a
contribution from each other Subsidiary Guarantor in a pro rata amount based on the Adjusted Net Assets of each Subsidiary Guarantor (including the Funding Guarantor) for all payments, damages and expenses incurred by the Funding Guarantor in
discharging the Company’s obligations with respect to the Securities or any other Subsidiary Guarantor’s obligations with respect to the Guarantee. 

SECTION 10.08 Severability. In case any provision of this Guarantee shall be invalid, illegal or unenforceable, that portion of
such provision that is not invalid, illegal or unenforceable shall remain in effect, and the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

ARTICLE ELEVEN 

SUBORDINATION OF SECURITIES 

SECTION 11.01 Applicability of Article; Agreement to Subordinate. The provisions of this Article Eleven shall be applicable
only to the Securities, and any related Guarantee of such Securities, of any series designated, pursuant to Section 2.03, as subordinated to Senior Indebtedness pursuant to this Article Eleven (the Securities of such series being
referred to 
  

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herein as the “Subordinated Debt Securities”). Each Holder by accepting a Subordinated Debt Security agrees that the Indebtedness evidenced by such Subordinated Debt Security and
the related Guarantee of such Subordinated Debt Security is subordinated in right of payment, to the extent and in the manner provided in this Article Eleven, to the prior payment of all Senior Indebtedness and that the subordination is
for the benefit of and enforceable by the holders of Senior Indebtedness. All provisions of this Article Eleven shall be subject to Section 11.12  

SECTION 11.02 Liquidation, Dissolution, Bankruptcy. 

(a) Of the Company. Upon any payment or distribution of the assets of the Company to creditors upon a total or partial liquidation
or a total or partial dissolution of the Company or in a bankruptcy, reorganization, insolvency, receivership or similar proceeding relating to the Company or its property: 

(i) holders of Senior Indebtedness of the Company shall be entitled to receive payment in full in cash of such Senior Indebtedness
(including interest (if any), accruing on or after the commencement of a proceeding in bankruptcy, whether or not allowed as a claim against the Company in such bankruptcy proceeding) before Holders of Subordinated Debt Securities of the Company
shall be entitled to receive any payment of principal of, or any premium or interest on, Subordinated Debt Securities; and 

(ii) until the Senior Indebtedness of the Company is paid in full, any such distribution to which Holders of Subordinated Debt
Securities would be entitled but for this Article Eleven shall be made to holders of Senior Indebtedness of the Company as their interests may appear, except that such Holders may receive securities representing Capital Stock of the Company
and any debt securities of the Company that are subordinated to Senior Indebtedness of the Company to at least the same extent as the Subordinated Debt Securities of the Company. 

(b) Of a Subsidiary Guarantor. Upon any payment or distribution of the assets of any Subsidiary Guarantor to creditors upon a
total or partial liquidation or a total or partial dissolution of such Subsidiary Guarantor or in a bankruptcy, reorganization, insolvency, receivership or similar proceeding relating to such Subsidiary Guarantor or its property: 

(i) holders of Senior Indebtedness of such Subsidiary Guarantor shall be entitled to receive payment in full in cash of such Senior
Indebtedness (including interest (if any), accruing on or after the commencement of a proceeding in bankruptcy, whether or not allowed as a claim against such Subsidiary Guarantor in such bankruptcy proceeding) before Holders of Subordinated Debt
Securities shall be entitled to receive, under such Subsidiary Guarantor’s guarantee of such Subordinated Debt Securities, any payment of principal of, or any premium or interest on, Subordinated Debt Securities; and 

(ii) until the Senior Indebtedness of such Subsidiary Guarantor is paid in full, any such distribution to which Holders of Subordinated
Debt Securities would be entitled under such Subsidiary Guarantor’s guarantee but for this Article Eleven shall be made to holders of Senior Indebtedness of such Subsidiary Guarantor as their interests may appear, except that such
Holders may receive securities representing Capital Stock of such Subsidiary Guarantor and any debt securities of such Subsidiary Guarantor that are subordinated to Senior Indebtedness of such Subsidiary Guarantor to at least the same extent as the
guarantee of the Subordinated Debt Securities of such Subsidiary Guarantor. 
  

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 SECTION 11.03 Default on Senior Indebtedness. 

(a) As to the Company. The Company may not pay the principal of, or any premium or interest on, Subordinated Debt Securities or
make any deposit pursuant to Article Eight with respect to such Subordinated Debt Securities and may not repurchase, redeem or otherwise retire (except, in the case of Subordinated Debt Securities that provide for a mandatory sinking fund
pursuant to Section 3.08, by the delivery of Subordinated Debt Securities by the Company to the Trustee pursuant to Sections 3.08 and 3.09) any Subordinated Debt Securities (collectively, “pay the Subordinated Debt
Securities”) if (i) any principal, premium or interest in respect of Senior Indebtedness of the Company is not paid when due, including any applicable grace period (including at Maturity) or (ii) any other default on Senior
Indebtedness of the Company occurs and the Maturity of such Senior Indebtedness is accelerated in accordance with its terms unless, in either case, the default has been cured or waived and any such acceleration has been rescinded or such Senior
Indebtedness has been paid in full in cash; provided, however, that the Company may pay the Subordinated Debt Securities without regard to the foregoing if the Company and the Trustee receive written notice approving such payment from
the Representative of each issue of Designated Senior Indebtedness of the Company. During the continuance of any default (other than a default described in clause (i) or (ii) of the preceding sentence) with respect to any Designated Senior
Indebtedness of the Company pursuant to which the Maturity thereof may be accelerated immediately without further notice (except such notice as may be required to effect such acceleration) or the expiration of any applicable grace periods, the
Company may not pay the Subordinated Debt Securities for a period (a “Payment Blockage Period”) commencing upon the receipt by the Company and the Trustee of written notice of such default from the Representative of any Designated
Senior Indebtedness of the Company specifying an election to effect a Payment Blockage Period (a “Blockage Notice”) and ending 179 days thereafter (or earlier if such Payment Blockage Period is terminated by written notice to the
Trustee and the Company from the Person or Persons who gave such Blockage Notice, by repayment in full in cash of such Designated Senior Indebtedness or because the default giving rise to such Blockage Notice is no longer continuing).
Notwithstanding the provisions described in the immediately preceding sentence (but subject to the provisions contained in the first sentence of this Section 11.03(a)), unless the holders of such Designated Senior Indebtedness or the
Representative of such holders shall have accelerated the Maturity of such Designated Senior Indebtedness, the Company may resume payments on the Subordinated Debt Securities after such Payment Blockage Period. Not more than one Blockage Notice may
be given in any consecutive 360-day period, irrespective of the number of defaults with respect to any number of issues of Designated Senior Indebtedness during such period; provided, however, that in no event may the total number of
days during which any Payment Blockage Period or Periods is in effect exceed 179 days in the aggregate during any 360 consecutive day period. For purposes of this Section 11.03(a), no default or event of default which existed or was
continuing on the date of the commencement of any Payment Blockage Period with respect to the Designated Senior Indebtedness of the Company initiating such Payment Blockage Period shall be, or be made, the basis of the commencement of a subsequent
Payment Blockage Period by the Representative of such Designated Senior Indebtedness, whether or not within a period of 360 consecutive days, unless such default or event of default shall have been cured or waived for a period of not less than 90
consecutive days. 
  

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 (b) As to a Subsidiary Guarantor. No Subsidiary Guarantor may make a payment or
distribution in respect of its Guarantee of any Subordinated Debt Securities (“make a guarantee payment on Subordinated Debt Securities”) if (i) any principal, premium or interest in respect of Senior Indebtedness of such
Subsidiary Guarantor is not paid when due, including any applicable grace period (including at Maturity) or (ii) any other default on Senior Indebtedness of such Subsidiary Guarantor occurs and the Maturity of such Senior Indebtedness is
accelerated in accordance with its terms unless, in either case, the default has been cured or waived and any such acceleration has been rescinded or such Senior Indebtedness has been paid in full in cash; provided, however, that such
Subsidiary Guarantor may make a guarantee payment on the Subordinated Debt Securities without regard to the foregoing if such Subsidiary Guarantor and the Trustee receive written notice approving such payment from the Representative of each issue of
Designated Senior Indebtedness of such Subsidiary Guarantor. During the continuance of any default (other than a default described in clause (i) or (ii) of the preceding sentence) with respect to any Designated Senior Indebtedness of such
Subsidiary Guarantor pursuant to which the Maturity thereof may be accelerated immediately without further notice (except such notice as may be required to effect such acceleration) or the expiration of any applicable grace periods, such Subsidiary
Guarantor may not make a guarantee payment on Subordinated Debt Securities for a period (a “Payment Blockage Period”) commencing upon the receipt by such Subsidiary Guarantor and the Trustee of written notice of such default from
the Representative of any Designated Senior Indebtedness specifying an election to effect a Payment Blockage Period (a “Blockage Notice”) and ending 179 days thereafter (or earlier if such Payment Blockage Period is terminated by
written notice to the Trustee and such Subsidiary Guarantor from the Person or Persons who gave such Blockage Notice, by repayment in full in cash of such Designated Senior Indebtedness or because the default giving rise to such Blockage Notice is
no longer continuing). Notwithstanding the provisions described in the immediately preceding sentence (but subject to the provisions contained in the first sentence of this paragraph of this Section 11.03(b)), unless the holders of such
Designated Senior Indebtedness or the Representative of such holders shall have accelerated the Maturity of such Designated Senior Indebtedness, such Subsidiary Guarantor may resume payments under its guarantee of any Subordinated Debt Securities
after such Payment Blockage Period. Not more than one Blockage Notice may be given in any consecutive 360-day period, irrespective of the number of defaults with respect to any number of issues of Designated Senior Indebtedness during such period;
provided, however, that in no event may the total number of days during which any Payment Blockage Period or Periods is in effect exceed 179 days in the aggregate during any 360 consecutive day period. For purposes of this
Section 11.03(b), no default or event of default which existed or was continuing on the date of the commencement of any Payment Blockage Period with respect to the Designated Senior Indebtedness of such Subsidiary Guarantor initiating
such Payment Blockage Period shall be, or be made, the basis of the commencement of a subsequent Payment Blockage Period by the Representative of such Designated Senior Indebtedness, whether or not within a period of 360 consecutive days, unless
such default or event of default shall have been cured or waived for a period of not less than 90 consecutive days. 
  

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 SECTION 11.04 Acceleration of Payment of Debt Securities. If payment of the
Subordinated Debt Securities is accelerated because of an Event of Default, the Company shall promptly notify the holders of the Designated Senior Indebtedness (or their Representatives) of the acceleration. 

SECTION 11.05 When Distribution Must Be Paid Over. If a distribution is made to Holders of Subordinated Debt Securities that
because of this Article Eleven should not have been made to them, the Holders who receive such distribution shall hold it in trust for holders of Senior Indebtedness and pay it over to them as their interests may appear. 

SECTION 11.06 Subrogation. After all Senior Indebtedness is paid in full and until the Subordinated Debt Securities are paid in
full, Holders thereof shall be subrogated to the rights of holders of Senior Indebtedness to receive distributions applicable to Senior Indebtedness. A distribution made under this Article Eleven to holders of Senior Indebtedness which
otherwise would have been made to Holders of Subordinated Debt Securities is not, as between the Company or the distributing Subsidiary Guarantor, as the case may be, and such Holders, a payment by the Company or the Subsidiary Guarantor, as the
case may be, on Senior Indebtedness. 
 SECTION 11.07 Relative Rights. This Article Eleven defines the relative
rights of Holders of Subordinated Debt Securities and holders of Senior Indebtedness. Nothing in this Indenture shall: 
 (a)
impair, as between the Company or any Subsidiary Guarantor, as the case may be, and Holders of either Subordinated Debt Securities or Securities, the obligation of the Company or the Subsidiary Guarantor, as the case may be, which is absolute and
unconditional, to pay principal of, and any premium and interest on, the Subordinated Debt Securities and the Securities in accordance with their terms; or 

(b) prevent the Trustee or any Holder of either Subordinated Debt Securities or Securities from exercising its respective available
remedies upon a Default, subject to the rights of holders of Senior Indebtedness to receive distributions otherwise payable to Holders of Subordinated Debt Securities. 

SECTION 11.08 Subordination May Not Be Impaired by Company. No right of any holder of Senior Indebtedness to enforce the
subordination of the Indebtedness evidenced by any Subordinated Debt Securities and the Guarantee in respect thereof shall be impaired by any act or failure to act by the Company or any Subsidiary Guarantor or by its failure to comply with this
Indenture. 
 SECTION 11.09 Rights of Trustee and Paying Agent. Notwithstanding Section 11.03, the Trustee or
any paying agent may continue to make payments on Subordinated Debt Securities and shall not be charged with knowledge of the existence of facts that would prohibit the making of any such payments unless, not less than two Business Days prior to the
date of such payment, a Trust Officer receives notice satisfactory to the Trustee that payments may not be made under this Article Eleven. The Company, the Registrar, any paying agent, a Representative or a holder of Senior Indebtedness may
give the notice; provided, however, that, if an issue of Senior Indebtedness has a Representative, only the Representative may give the notice on behalf of the Holders of the Senior Indebtedness of that issue.

  

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 The Trustee in its individual or any other capacity may hold Senior Indebtedness with the
same rights it would have if it were not Trustee. The Registrar and any paying agent may do the same with like rights. The Trustee shall be entitled to all the rights set forth in this Article Eleven with respect to any Senior Indebtedness
which may at any time be held by it, to the same extent as any other holder of Senior Indebtedness; and nothing in Article Seven shall deprive the Trustee of any of its rights as such holder. Nothing in this Article Eleven shall apply
to claims of, or payments to, the Trustee under or pursuant to Section 7.07. 
 SECTION 11.10 Distribution or
Notice to Representative. Whenever a distribution is to be made or a notice given to holders of Senior Indebtedness, the distribution may be made and the notice given to their Representative (if any). 

SECTION 11.11 Article Eleven Not to Prevent Defaults or Limit Right to Accelerate. The failure to make a payment pursuant to any
Subordinated Debt Securities, whether directly or pursuant to a Guarantee, by reason of any provision in this Article Eleven shall not be construed as preventing the occurrence of a Default. Nothing in this Article Eleven shall have
any effect on the right of the Holders or the Trustee to accelerate the Maturity of either the Subordinated Debt Securities or the Securities, as the case may be. 

SECTION 11.12 Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the
proceeds of U.S. Government Obligations held in trust under Article Eight by the Trustee for the payment of principal of, and any premium and interest on, the Subordinated Debt Securities or the Securities shall not be subordinated to the
prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article Eleven, and none of the Holders thereof shall be obligated to pay over any such amount to the Company, any Subsidiary Guarantor or any holder of
Senior Indebtedness of the Company or any Subsidiary Guarantor or any other creditor of the Company or any Subsidiary Guarantor. 

SECTION 11.13 Trustee Entitled to Rely. Upon any payment or distribution pursuant to this Article Eleven, the Trustee and
the Holders shall be entitled to rely upon any order or decree of a court of competent jurisdiction in which any proceedings of the nature referred to in Section 11.02 are pending, upon a certificate of the liquidating trustee or agent
or other Person making such payment or distribution to the Trustee or to such Holders or upon the Representatives for the holders of Senior Indebtedness for the purpose of ascertaining the Persons entitled to participate in such payment or
distribution, the holders of the Senior Indebtedness and other Indebtedness of the Company or any Subsidiary Guarantor, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or
to this Article Eleven. In the event that the Trustee determines, in good faith, that evidence is required with respect to the right of any Person as a holder of Senior Indebtedness to participate in any payment or distribution pursuant to
this Article Eleven, the Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness held by such Person, the extent to which such Person is entitled to participate
in such payment or distribution and other facts pertinent to the rights of 
  

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such Person under this Article Eleven, and, if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of such
Person to receive such payment. The provisions of Sections 7.01 and 7.02 shall be applicable to all actions or omissions of actions by the Trustee pursuant to this Article Eleven. 

SECTION 11.14 Trustee to Effectuate Subordination. Each Holder of a Subordinated Debt Security, by its acceptance thereof,
authorizes and directs the Trustee on its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as
provided in this Article Eleven and appoints the Trustee as attorney-in-fact for any and all such purposes. 
 SECTION
11.15 Reliance by Holders of Senior Indebtedness on Subordination Provisions. Each Holder of a Subordinated Debt Security, by its acceptance thereof, acknowledges and agrees that the foregoing subordination provisions are, and are intended to
be, an inducement and a consideration to each holder of any Senior Indebtedness, whether such Senior Indebtedness was created or acquired before or after the issuance of the Subordinated Debt Securities, to acquire and continue to hold, or to
continue to hold, such Senior Indebtedness and such holder of Senior Indebtedness shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Indebtedness.

 ARTICLE TWELVE 

SATISFACTION AND DISCHARGE 

SECTION 12.01 Satisfaction and Discharge of Indenture. This Indenture shall upon Company Request cease to be of further effect
with respect to Securities of any series (except as to any surviving rights of registration of transfer or exchange of such Securities or conversion of such Securities herein expressly provided for), and the Trustee, at the expense of the Company,
shall execute proper instruments acknowledging satisfaction and discharge of this Indenture with respect to such Securities, when: 

(a) either 

(1) all such Securities theretofore authenticated and delivered (other than (i) such Securities which have been
destroyed, lost or stolen and which have been replaced or paid as provided in Section 2.10, and (ii) such Securities for whose payment money has theretofore been, as provided in Section 2.07, 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 8.07) have been delivered to the Trustee for cancellation; or 

(2) all such Securities not theretofore delivered to the Trustee for cancellation 

(A) have become due and payable, 
  

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

 (C) 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, 
 and the Company in the case of
(A), (B) or (C) above, has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust for this purpose an amount of money in the currency or currency units in which such Securities are payable sufficient to
pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal of, and any premium and interest thereon, to the Maturity Date or applicable redemption date, as the case may be in
accordance with the terms of this Indenture and such Securities; 
 (b) the Company has paid or caused to be paid all other sums
payable hereunder by the Company with respect to such Securities; and 
 (c) the Company has delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture with respect to such Securities have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture with respect to Securities of any series, (i) the obligations of
the Company to the Trustee under Section 7.07 and the right of the Trustee to resign under Section 7.08 shall survive, (ii) the obligations of the Company in Sections 2.06, 2.07, 2.08, 2.09,
2.10 and 2.11 and in Article 8 and this Article 12 shall survive until such Securities have been repaid in full, and (iii) if money shall have been deposited with the Trustee pursuant to clause (2) of subsection
(a) of this Section, the obligations of the Company and/or the Trustee under Sections 2.08, 4.04, 7.01(f), 8.07and 12.02 shall survive such satisfaction and discharge. 

SECTION 12.02 Application of Trust Money. Subject to the provisions of Section 8.07, all money deposited with the
Trustee pursuant to Section 12.01 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting
as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such money has been deposited with the Trustee. 

ARTICLE THIRTEEN 

MISCELLANEOUS 

SECTION 13.01 Trust Indenture Act Controls. Whether prior to or following the qualification of this Indenture under the TIA, if
any provision of this Indenture limits, qualifies, or conflicts with the duties imposed by operation of TIA Section 318(c) upon an indenture qualified under the TIA, the imposed duties shall control under this Indenture. 

 

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 SECTION 13.02 Notices. Any notice or communication to the Company, any Subsidiary
Guarantor or the Trustee or any Agent shall be sufficiently given if in writing and delivered in person or mailed by certified or registered mail (return receipt requested), facsimile, telecopier or overnight courier guaranteeing next day delivery,
addressed as follows: 
 If to the Company or any Subsidiary Guarantor: 

Chesapeake Energy Corporation 

6100 North Western Avenue 

Oklahoma City, Oklahoma 73118 

Attention: Assistant Treasurer 

Fax: (405) 849-6119 

If to the Trustee or any Agent: 

The Bank of New York Mellon Trust Company, N.A. 

2 N. LaSalle Street 

Suite 1020 

Chicago, IL 60602 

Attention: Corporate Trust Administration 

Fax: (312) 827-8542 

The Company or any Subsidiary Guarantor or the Trustee or any Agent by notice to the other may designate additional or different
addresses for subsequent notices or communications. 
 The Trustee agrees to accept and act upon instructions or directions
pursuant to this Indenture sent by unsecured e-mail, pdf, facsimile transmission or other similar unsecured electronic methods, provided, however, that the Trustee shall have received an incumbency certificate listing persons designated to give such
instructions or directions and containing specimen signatures of such designated persons, which such incumbency certificate shall be amended and replaced whenever a person is to be added or deleted from the listing. If the Company elects to give the
Trustee e-mail or facsimile instructions (or instructions by a similar electronic method) and the Trustee in its reasonable discretion elects to act upon such instructions, the Trustee’s reasonable understanding of such instructions shall be
deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reasonable reliance upon and compliance with such instructions notwithstanding such instructions conflict or
are inconsistent with a subsequent written instruction. The Company agrees to assume all risks arising out of incidents of actual use by the Company of such electronic methods to submit instructions and directions to the Trustee, including without
limitation the risk of the Trustee acting on unauthorized instructions and the risk of interception by third parties. 
  

 -61- 

 All notices and communications described above shall be deemed to have been duly given: at
the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if faxed or telecopied; and the next Business Day after timely delivery to the courier,
if sent by overnight courier guaranteeing next day delivery. 
 Any notice or communication mailed to a Holder shall be mailed
by first-class mail to the address for such Holder appearing on the Register and shall be sufficiently given to such Holder if so mailed within the time prescribed. Failure to mail a notice or communication to a Holder or any defect in it shall not
affect its sufficiency with respect to other Holders. In 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. 
 If a notice or communication
is mailed in the manner provided above, it is duly given, whether or not the addressee receives it. If the Company or any Subsidiary Guarantor mails notice or communications to Holders, it shall mail a copy to the Trustee and each Agent at the same
time. 
 Notwithstanding any other provision of this Indenture or any Security, where this Indenture or any Security provides
for notice of any event (including any notice of redemption) to a Holder of a Global Security (whether by mail or otherwise), such notice also shall be sufficiently given if given to the Depositary for such Security (or its designee), pursuant to
the customary procedures of such Depositary, not later than the latest date (if any), and not earlier than the earliest date (if any), prescribed for the giving of such notice. 

SECTION 13.03 Communication by Holders with Other Holders. Holders may communicate pursuant to TIA Section 312(b) with other
Holders with respect to their rights under this Indenture or the Securities. The Company, the Subsidiary Guarantors, the Trustee and any Agent shall have the protection of TIA Section 312(c). 

SECTION 13.04 Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Company or any Subsidiary
Guarantor to the Trustee to take any action under this Indenture, the Company or such Subsidiary Guarantor, as the case may be, shall furnish to the Trustee: 

(1) an Officers’ Certificate (which shall include the statements set forth in Section 13.05) stating
that, in the opinion of the signers, the conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

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

 SECTION 13.05 Statements Required in Certificate or Opinion. Each certificate or opinion with respect to compliance
with a condition or covenant provided for in this Indenture shall include: 
 (1) a statement that each person
making such certificate or opinion has read such covenant or condition; 
  

 -62- 

 (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 person, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(4) a statement as to whether or not, in the opinion of each such person, such covenant or condition has been complied
with. 
 SECTION 13.06 Rules by Trustee and Agents. The Trustee may make reasonable rules for actions taken by, or
meetings or consents of, Holders. The Registrar, Paying Agent or Conversion Agent may make reasonable rules for its functions. 

SECTION 13.07 Legal Holidays. A “Legal Holiday” is a Saturday, a Sunday, or a day on which banks and trust
companies in The City of New York are not required by law or executive order to be open. If a payment date is a Legal Holiday at a Place of Payment, payment may be made at such place on the next succeeding day that is not a Legal Holiday, without
additional interest. 
 SECTION 13.08 Governing Law. THIS INDENTURE AND THE SECURITIES AND THE GUARANTEES SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS TO THE EXTENT THAT THE APPLICATION OF THE LAW OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY,
EXCEPT TO THE EXTENT THAT THE LAWS OF THE STATE OF NEW YORK WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION REGARDING THE VALIDITY OF THE SECURITIES. 

SECTION 13.09 No Adverse Interpretation of Other Agreements. This Indenture may not be used to interpret another indenture, loan
or debt agreement of the Company, any Subsidiary Guarantor or any other Subsidiary. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 

SECTION 13.10 No Recourse Against Others. Obligations of the Company and the Subsidiary Guarantors under this Indenture, the
Guarantees and the Securities hereunder are payable only out of the respective cash flow and assets of the Company and the Subsidiary Guarantors. The Trustee, and each Holder of a Security by its acceptance thereof, will be deemed to have agreed in
this Indenture that no director, officer, employee, or shareholder, as such, of the Company, the Subsidiary Guarantors, the Trustee, or any Affiliate of any of the foregoing entities shall have any personal liability in respect of the obligations of
the Company or the Subsidiary Guarantors under this Indenture, the Guarantees or such Securities by reason of his, her or its status. The agreements set forth in this Section are part of the consideration for the issuance of the Securities.

  

 -63- 

 SECTION 13.11 Successors. All agreements of the Company and the Subsidiary Guarantors
in this Indenture, the Securities and the Guarantees shall bind their respective successors. All agreements of the Trustee in this Indenture shall bind its successor. 

SECTION 13.12 Duplicate Originals. The parties may sign any number of copies of this Indenture. Each signed copy shall be an
original, but all of them together represent the same instrument. 
 SECTION 13.13 Severability. In case any provision in
this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

SECTION 13.14 Force Majeure. In no event shall the Trustee be responsible or liable for any failure or delay in the performance of
its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural
catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted
practices in the banking industry to resume performance as soon as practicable under the circumstances. 
 SECTION 13.15
Waiver of Jury Trial. EACH OF THE COMPANY, THE GUARANTORS AND THE TRUSTEE HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO
THIS INDENTURE, THE SECURITIES OR THE TRANSACTION CONTEMPLATED HEREBY.  
  

 -64- 

 SIGNATURES 

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

 

			
	COMPANY:
	
	CHESAPEAKE ENERGY CORPORATION
		
	By:	 	/s/ Jennifer M. Grigsby
	Name:	 	Jennifer M. Grigsby
	Title:	 	 Senior Vice President, Treasurer

and Corporate Secretary

			
	  	 	SUBSIDIARY GUARANTORS:
		
		 	 CARMEN ACQUISITION, L.L.C.

CHESAPEAKE AEZ EXPLORATION, L.L.C.

CHESAPEAKE APPALACHIA, L.L.C.

CHESAPEAKE-CLEMENTS ACQUISITION, L.L.C.

CHESAPEAKE ENERGY LOUISIANA CORPORATION

CHESAPEAKE ENERGY MARKETING, INC.

CHESAPEAKE EXPLORATION, L.L.C.

CHESAPEAKE LAND DEVELOPMENT COMPANY, L.L.C.

CHESAPEAKE OPERATING, INC.

CHESAPEAKE PLAZA, L.L.C.

CHESAPEAKE ROYALTY, L.L.C.

CHK HOLDINGS, L.L.C.

COMPASS MANUFACTURING, L.L.C.

DIAMOND Y ENTERPRISE, INCORPORATED

GENE D. YOST & SON, INC.

GOTHIC PRODUCTION, L.L.C.

GREAT PLAINS OILFIELD RENTAL, L.L.C.

HAWG HAULING & DISPOSAL, LLC

HODGES TRUSCING COMPANY, L.L.C.

MC LOUISIANA MINERALS, L.L.C.

MC MINERAL COMPANY, L.L.C.

MIDCON COMPRESSION, L.L.C.

NOMAC DRILLING, L.L.C.

VENTURA REFINING AND TRANSMISSION. LLC

 

			
	By:	 	 /s/ Jennifer M. Grigsby

	Name:	 	Jennifer M. Grigsby
	Title:	 	Senior Vice President, Treasurer and Corporate Secretary

	
	CHESAPEAKE LOUISIANA, L.P.

  

			
	By: Chesapeake Operating, Inc., as general partner
		
	By:	 	/s/ Jennifer M. Grigsby
	 Name:
	 	Jennifer M. Grigsby
	 Title:
	 	 Senior Vice President, Treasurer

and Corporate Secretary

  

	
	EMPRESS LOUISIANA PROPERTIES, L.P.

  

			
	By:	 	EMLP, L.L.C., as general partner
		
	By:	 	/s/ Jennifer M. Grigsby
	 Name:
	 	Jennifer M. Grigsby
	 Title:
	 	 Senior Vice President, Treasurer

and Corporate Secretary

					
	TRUSTEE:
	
	 THE BANK OF NEW YORK MELLON TRUST

COMPANY, N.A., AS TRUSTEE

		
	By:	 	/s/ Linda Garcia
	Name:	 		 	Linda Garcia
	Title:	 		 	Authorized SignatoryForm of Supplemental Indenture

 Exhibit 4.2 

 
  

CHESAPEAKE ENERGY CORPORATION 

as Issuer, 
 THE
SUBSIDIARY GUARANTORS PARTY HERETO 
 as Subsidiary Guarantors, 

and 
 THE BANK OF
NEW YORK MELLON TRUST COMPANY, N.A. 
 As Trustee 

 
  

SUPPLEMENTAL INDENTURE 

Dated              ,         

 To 

Indenture dated as of August 2, 2010 
  

 

$                       
                  
 % Senior Notes due

  
  

 TABLE OF CONTENTS 

 

					
	 	 	 	  	Page
	 ARTICLE 1
	 	THE SECURITIES	  	1
			
	 Section 1.1
	 	 The Securities
	  	1
			
	 Section 1.2
	 	 Authentication
	  	2
			
	 Section 1.3
	 	 Registrar and Paying Agent
	  	2
			
	 Section 1.4
	 	 Transfer and Exchange
	  	2
			
	 Section 1.5
	 	 Guarantee of the Notes
	  	2
			
	 Section 1.6
	 	 Defeasance and Discharge
	  	2
			
	 Section 1.7
	 	 Redemption
	  	3
			
	 ARTICLE 2
	 	MISCELLANEOUS PROVISIONS	  	4
			
	 Section 2.1
	 	 Counterpart Originals
	  	4
			
	 Section 2.2
	 	 Governing Law
	  	4

  

 -i- 

 THIS              SUPPLEMENTAL
INDENTURE dated as of              ,          (this “Supplemental Indenture”), is among Chesapeake Energy Corporation, an Oklahoma
corporation (the “Company”), the Subsidiary Guarantors party hereto and The Bank of New York Mellon Trust Company, N.A., a national banking association, as trustee (the “Trustee”). Each capitalized term used but not
defined herein shall have the meaning assigned to such term in the Base Indenture (as defined below). 
 RECITALS: 

WHEREAS, the Company, the Subsidiary Guarantors and the Trustee are parties to an Indenture, dated as of August 2, 2010 (the
“Base Indenture” and as supplemented by this Supplemental Indenture, the “Indenture”), providing for the issuance by the Company from time to time of its debentures, notes, bonds and other evidences of indebtedness,
issued and to be issued in one or more series unlimited as to principal amount (the “Securities”), and the guarantee by each Subsidiary Guarantor of the Securities (the “Guarantee”); 

WHEREAS, the Company has duly authorized and desires to cause to be issued pursuant to the Indenture a new series of Securities
designated the     % Senior Notes due (the “Notes”), all of such Notes to be guaranteed by the Subsidiary Guarantors as provided in Article Ten of the Base Indenture; 

WHEREAS, the Company desires to cause the issuance of the Notes pursuant to Sections 2.01 and 2.03 of the Base Indenture, which
sections permit the execution of indentures supplemental thereto to establish the form and terms of Securities of any series; 

WHEREAS, pursuant to Section 9.01 of the Base Indenture, the Company and the Subsidiary Guarantors have requested that the Trustee
join in the execution of this Supplemental Indenture to establish the form and terms of the Notes; 
 WHEREAS, all things
necessary have been done to make the Notes, when executed by the Company and authenticated and delivered hereunder and under the Base Indenture and duly issued by the Company, and the Guarantee of the Subsidiary Guarantors, when the Notes are duly
issued by the Company, the legal, valid and binding obligations of the Company and the Subsidiary Guarantors, respectively, and to make this Supplemental Indenture a legal, valid and binding agreement of the Company and the Subsidiary Guarantors
enforceable in accordance with its terms. 
 NOW THEREFORE, the Company, the Subsidiary Guarantors and the Trustee hereby agree
that the following provisions shall supplement the Base Indenture: 
 ARTICLE 1 

THE NOTES 

Section 1.1 Form. The Notes and the Trustee’s certificate of authentication shall be substantially in the form of
Exhibit A to this Supplemental Indenture (the “Form of Note”). The terms and provisions contained in the Form of Note shall constitute, and are hereby expressly made, a part of this Supplemental Indenture and to the extent
applicable, the Company, the Subsidiary Guarantors and the Trustee, by their execution and delivery of this Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. 

 Section 1.2 Title, Issuance . The Notes shall be entitled the
“    % Senior Notes due”. The Notes shall be issued initially in the form of one or more Global Securities in definitive, fully registered form and shall be deposited on behalf of the purchasers of the Notes with the
Trustee, at its principal corporate trust office, as custodian for The Depository Trust Company, which is hereby appointed Depositary for the Global Securities (the “Depositary”). The Notes shall be registered in the name of the
Depositary or a nominee of the Depositary, duly executed by the Company and authenticated by the Trustee as hereinafter provided. The aggregate principal amount of the Global Securities may from time to time be increased or decreased by adjustments
made on the records of the Trustee and the Depositary or its nominee as hereinafter provided. 
 Except as provided in
Section 2.13 of the Indenture, owners of beneficial interests in Global Securities shall not be entitled to receive physical delivery of certificated Notes. The Notes shall be issued in denominations of $1,000 and integral multiples of $1,000
in excess thereof. 
 The transfer and exchange of Global Securities or beneficial interests therein shall be effected through
the Depositary, in accordance with Section 2.13 of the Base Indenture and the rules and procedures of the Depositary therefor. 

Section 1.3 Amount, Authentication. 

The Trustee shall authenticate and deliver (i) on the Issue Date, $         in aggregate
principal amount of the Notes and (ii) from time to time after the Issue Date, additional Notes (“Additional Notes”) in such principal amounts as may be specified in a Company Order described in this Section 1.3, in
each case upon a Company Order for the authentication and delivery thereof and satisfaction of the other provisions of Section 2.05 of the Base Indenture. Such order shall specify the amount of the Notes to be authenticated, the date on which
the Notes are to be authenticated, and the name or names of the initial Holder or Holders. The aggregate principal amount of Notes that may be outstanding at any time may not exceed $         plus such
additional principal amounts as may be issued and authenticated pursuant to clause (ii) of this paragraph (except as provided in Section 2.10 of the Base Indenture). 

Section 1.4 Registrar and Paying Agent. The Company confirms the appointment of the Trustee as Registrar and Paying Agent
with respect to the Notes pursuant to Section 2.06 of the Base Indenture. 
 Section 1.5 Guarantee of the
Notes. 
 In accordance with Article Ten of the Base Indenture, the Notes will be fully, unconditionally and absolutely
guaranteed on a senior basis, jointly and severally, by the Subsidiary Guarantors. 
  

 - 2 - 

 Section 1.6 Defeasance and Discharge. 

The Notes shall be subject to satisfaction and discharge and to both legal defeasance and covenant defeasance as contemplated by
Articles Eight and Twelve of the Base Indenture. 
 Section 1.7 [Redemption. 

(a) The Company shall have no obligation to redeem, purchase or repay the Notes pursuant to any mandatory redemption, sinking fund
or analogous provisions or at the option of a Holder thereof. 
 (b) At any time prior to [the Maturity
Date][                    ], the Company, at its option, may redeem the Notes at any time and from time to time in whole or in part for an amount
equal to the Make-Whole Price plus accrued and unpaid interest to the date of redemption in accordance with the Form of Note. [At any time on or after
                     ], the Company, at its option, may redeem the Notes in whole or from time to time in part at the redemption prices set forth in
the Form of Note plus accrued and unpaid interest to the date of redemption in accordance with the Form of Note.]]*
 
 ARTICLE 2 

MISCELLANEOUS PROVISIONS 

Section 2.1 Counterpart Originals. 

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 instrument. 
 Section 2.2 Governing Law. 

THIS SUPPLEMENTAL INDENTURE AND THE NOTES AND THE GUARANTEES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW YORK WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS TO THE EXTENT THAT THE APPLICATION OF THE LAW OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY, EXCEPT TO THE EXTENT THAT THE LAWS OF THE STATE OF NEW YORK WOULD
REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION REGARDING THE VALIDITY OF THE NOTES AND THE GUARANTEES. 
  

 

	*	Insert if applicable to such series. 

  

 - 3 - 

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

			
	COMPANY
	
	 CHESAPEAKE ENERGY CORPORATION

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	SUBSIDIARY GUARANTORS
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

			
	TRUSTEE
	
	 THE BANK OF NEW YORK MELLON

TRUST COMPANY, N.A., as Trustee

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 Exhibit A 

FORM OF NOTE 

[FACE OF NOTE] 

[Insert any legend required by United States Internal Revenue Code and the regulations thereunder.] 

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS
GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE
WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE
HEREOF.]1 

 
  

	1
	 To be included in a Global Security 

  

 A-1 

			
	Certificate No.	 	CUSIP NO.
	$            	 	ISIN NO.

            % Senior Notes due
            , 
 Chesapeake Energy Corporation, an Oklahoma
corporation, promises to pay to                     , or registered assigns, the principal sum of
        Dollars on                     . 

 

					
	Interest Payment Dates:	  	and	  	(commencing
            
2)
			
	 Record Dates:
	  	and	  	
	
	 Additional provisions of this Note are set forth on the other side of this Note.

Dated:                      

 

			
	CHESAPEAKE ENERGY CORPORATION
		
	By	 	  

	Name:	 	
	Title:	 	
		
	By	 	  

	Name:	 	
	Title:	 	

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

 

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

		
		 	 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. 

As Trustee

		
	Date:                    	 	By:                           
                                       
               
		 	Authorized Signatory

  

 

	2
	 Or such later date as is appropriate in the case of Additional Notes. 

 

 A-2 

 [REVERSE SIDE OF NOTE] 

            % Senior Note due
            , 
  

	1.	Interest 

Chesapeake Energy Corporation, an Oklahoma corporation (such corporation, and its successors and assigns under the
Indenture hereinafter referred to, being herein called the “Company”), promises to pay interest on the principal amount of this Note at the rate per annum shown above. The Company will pay interest semiannually on
            and             of each year,
commencing            
3. 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            
4. Interest will be computed on the basis of a 360-day
year consisting of twelve 30-day months. 
  

	2.	Method of Payment 

 The
Company will pay interest on the Notes (except defaulted interest) to the Persons who are registered holders of Notes at the close of business on
the            or            next preceding the interest payment date even if Notes are canceled after the record date and on or
before the interest payment date. Holders must surrender Notes to a Paying Agent to collect principal payments. The Company will pay principal and interest in money of the United States that at the time of payment is legal tender for payment of
public and private debts. Payments in respect of the Notes represented by a Global Security (including principal, premium and interest) will be made by wire transfer of immediately available funds to the accounts specified by The Depository Trust
Company. The Company will make all payments in respect of a certificated Note (including principal, premium and interest) by mailing a check to the registered address of each Holder thereof; provided, however, that payments on a
certificated Note will be made by wire transfer to a U.S. dollar account maintained by the payee with a bank in the United States if such Holder elects payment by wire transfer by giving written notice to the Trustee or the Paying Agent to such
effect designating such account no later than 30 days immediately preceding the relevant due date for payment (or such other date as the Trustee may accept in its discretion). 

 

	3.	Indenture 

 The Company
issued the Notes under an Indenture dated as of August 2, 2010 among the Company, the Subsidiary Guarantors and the Trustee, as supplemented by that Supplemental Indenture dated as of
                     among the Company, the Subsidiary Guarantors and the Trustee (as so supplemented, 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 (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the date of the Indenture (the “Act”). Terms
defined in the Indenture 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 Act for a statement of those terms. 

 
  

	3
	 Or such other date as is appropriate in the case of Additional Notes. 

	4
	 Or such later date as is appropriate in the case of Additional Notes. 

 

 A-3 

 The Company shall be entitled to issue Additional Notes pursuant to Section 2.13 of the
Indenture. The Notes issued on the Issue Date and any Additional Notes will be treated as a single class for all purposes under the Indenture. 
  

	4.	[Make-Whole Price Redemption 

At any time prior to the [Maturity Date]
[                    ], the Company, at its option, may redeem the Notes at any time and from time to time, in whole or in part, for an amount equal
to the Make-Whole Price plus accrued and unpaid interest on the Notes so redeemed to the date of redemption. Any redemption pursuant to this paragraph 4 shall be made, to the extent applicable, pursuant to the provisions of Sections 3.02 through
3.07 of the Indenture. 
 “Make-Whole Price” means the sum of the outstanding principal amount of the Notes to be
redeemed plus the Make-Whole Amount of such Notes. 
 “Make-Whole Amount” with respect to a Note means an amount equal
to the excess, if any, of (i) the present value of the remaining principal, premium, if any, and interest payments due on such Note (excluding any portion of such payments of interest accrued as of the redemption date) as if such Note were
redeemed on the Maturity Date, computed using a discount rate equal to the Treasury Rate plus 50 basis points, over (ii) the outstanding principal amount of such Note. 

“Treasury Rate” means the yield to maturity (calculated on a semi-annual bond equivalent basis) at the time of the computation
of United States Treasury securities with a constant maturity (as compiled by 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 date of the
redemption notice or, if such Statistical Release is no longer published, any publicly available source of similar market data) most nearly equal to the then remaining maturity of the Notes assuming redemption of the Notes on the Maturity Date;
provided, however, that if the Make-Whole Average Life of such Note is not equal to the constant maturity of the 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 Make-Whole Average Life of such Notes 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. 

“Make-Whole Average Life” means the number of years (calculated to the nearest one-twelfth) between the
date of redemption and the Maturity Date.]5 

 

	[4A.	Optional Redemption 

 At
any time on or after                     , the Company, at its option, may redeem the Notes at any time and from time to time, in whole or in part,
at the redemption prices set forth below (expressed as a percentage of the principal amount of the Notes to be redeemed), plus accrued and unpaid 
  

 

	5
	 Insert if applicable to such series. 

 

 A-4 

 interest on the Notes so redeemed to the date of redemption, if redeemed during the 12-month period
commencing on                  of the years indicated below: 
  

				
	 Year
	  	Redemption
price	 
		  	        	% 
		  	        	% 
		  	        	% 
	                  and thereafter
	  	        	% 

Any redemption pursuant to this paragraph 4A shall be made, to the extent applicable, pursuant to the provisions of
Sections 3.02 through 3.07 of the Indenture.]6 

 

	5.	[Notice of Redemption 

Notice of redemption will be mailed to the Holder’s registered address at least 30 days but not more than 60 days
before the redemption date to each Holder of Notes to be redeemed. If less than all Notes are to be redeemed, the Trustee shall select pro rata, by lot or, if the Notes are listed on any securities exchange, by any other method that complies with
the requirements of such exchange, the Notes to be redeemed in multiples of $1,000; provided, however, that no Notes with a principal amount of $1,000 or less will be redeemed in part. Notes in denominations larger than $1,000 may be
redeemed in part. On and after the redemption date, interest ceases to accrue on Notes or portions of them called for redemption (unless the Company shall default in the payment of the redemption price or accrued
interest).]7 

 

	6.	[Net Proceeds Offer 

In the event of certain Sale/Leaseback Transactions, the Company may be required to make a Net Proceeds Offer to
purchase all or any portion of each Holder’s Notes, at 100% of the principal amount thereof, plus accrued and unpaid interest to the Net Proceeds Payment
Date.]8 

 

	7.	[Restrictive Covenants 

The Indenture imposes certain limitations on, among other things, the ability of the Company to merge or consolidate
with any other Person or sell and lease back certain of its properties or assets and the ability of the Company or the Subsidiaries to incur encumbrances against certain property, all subject to certain limitations described in the
Indenture.]9 

 

	8.	Ranking and Guarantees 

The Notes are general senior unsecured obligations of the Company. The Company’s obligation to pay principal, premium, if any, and
interest with respect to the Notes is unconditionally guaranteed on a senior basis, jointly and severally, by the Subsidiary Guarantors pursuant to Article Ten of the Indenture. Certain limitations to the obligations of the Subsidiary Guarantors are
set forth in further detail in the Indenture. 
  
  

	6
	 Insert if applicable to such series. 

	7
	 Insert if applicable to such series. 

	8
	 Insert if applicable to such series. 

	9
	 Insert if applicable to such series. 

  

 A-5 

	9.	Denominations; Transfer; Exchange 

The Notes are in registered form without coupons in denominations of $1,000 principal amount and whole multiples of $1,000. A Holder may
transfer or exchange Notes in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements or transfer documents and to pay any taxes and fees required by law or permitted by the
Indenture. The Registrar need not register the transfer of or exchange of any Notes selected for redemption (except, in the case of a Note to be redeemed in part, the portion of the Note not to be redeemed) or any Notes for a period of
15 Business Days before the mailing of a notice of an offer to repurchase or redeem Notes or 15 Business Days before an interest payment date. 
  

	10.	Persons Deemed Owners 

The registered Holder of this Note may be treated as the owner of it for all purposes. 

 

	11.	Unclaimed Money 

 If money
for the payment of principal or interest remains unclaimed for two years, the Trustee or Paying Agent shall pay the money back to the Company at its request unless an abandoned property law designates another Person. After any such payment, Holders
entitled to the money must look only to the Company and not to the Trustee for payment. 
  

	12.	Discharge and Defeasance 

Subject to certain conditions, the Company at any time shall be entitled to terminate some or all of its obligations under the Notes and
the Indenture if the Company deposits with the Trustee money or U.S. Government Securities for the payment of principal and interest on the Notes to redemption or maturity, as the case may be. 

 

	13.	Amendment, Supplement, Waiver 

Subject to certain exceptions, the Indenture or the Notes may be amended or supplemented with the consent of the Holders of at least a
majority of the outstanding principal amount of the Notes, and any past default or noncompliance with any provision may be waived with the consent of the Holders of a majority in principal amount of the Notes. Without the consent of any Holder, the
Company may amend or supplement the Indenture or the Notes to, among other things, cure any ambiguity, defect or inconsistency or to make any change that does not adversely affect the rights of any Holder in any material respect. 

 

	14.	Successor Obligor 

 When a
successor obligor assumes all the obligations of its predecessor under the Notes and the Indenture, the predecessor obligor will be released from those obligations. 

 

 A-6 

	15.	Defaults and Remedies 

 An
Event of Default generally is: default by the Company or any Subsidiary Guarantor for 30 days in payment of interest on the Notes; default by the Company or any Subsidiary Guarantor in payment of principal of, or premium, if any, on the Notes;
default by the Company or any Subsidiary Guarantor in the deposit of any optional redemption or repurchase payment when due and payable; defaults resulting in acceleration prior to maturity of certain other Indebtedness or resulting from payment
defaults under certain other Indebtedness; failure by the Company or any Subsidiary Guarantor for 60 days after notice to comply with any of its other agreements in the Indenture; a failure of any Guarantee of a Subsidiary Guarantor to be in
full force and effect or denial by any Subsidiary Guarantor of its obligations with respect thereto; and certain events of bankruptcy or insolvency. Subject to certain limitations in the Indenture, if an Event of Default occurs and is continuing,
the Trustee or the Holders of at least 25% in principal amount of the then outstanding Notes may declare all the Notes to be due and payable immediately, except that in the case of an Event of Default arising from certain events of bankruptcy,
insolvency or reorganization, all outstanding Notes shall become due and payable immediately without further action or notice. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee may require indemnity
satisfactory to it before it enforces the Indenture or the Notes. Subject to certain limitations, Holders of a majority in principal amount of the Notes may direct the Trustee in its exercise of any trust or power. The Company must furnish an annual
compliance certificate to the Trustee. 
  

	16.	Trustee Dealings with Company and Subsidiary Guarantors 

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 the Company, the Subsidiary Guarantors or their respective Subsidiaries or Affiliates with the same rights it would have if it were not Trustee. 
  

	17.	No Recourse Against Others 

A director, officer, employee or stockholder, as such, of the Company, any Subsidiary Guarantor or the Trustee shall not have any
liability for any obligations of the Company, any Subsidiary Guarantor or the Trustee under the Notes or the Indenture 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 the issue of the Note. 
  

	18.	Authentication 

 This Note
shall not be valid until the Trustee or an authenticating agent signs the certificate of authentication on the other side of this Note. 
  

	19.	Abbreviations 

 Customary
abbreviations may be used in the name of a Holder 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 Gifts to Minors Act). 
  

 A-7 

	20.	CUSIP Numbers 

 Pursuant
to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company will cause CUSIP numbers to be printed on the Notes as a convenience to Holders of the Notes. No representation is made as to the accuracy of
such numbers as printed on the Notes and reliance may be placed only on the other identification numbers printed hereon. 
  

	21.	Governing Law 

 THIS NOTE
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE
REQUIRED THEREBY, EXCEPT TO THE EXTENT THAT THE LAWS OF THE STATE OF NEW YORK WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION REGARDING THE VALIDITY OF THE NOTES. 

 

 A-8 

 The Company will furnish to any Holder upon written request and without charge to the Holder
a copy of the Indenture. Requests may be made to: 
 Chesapeake Energy Corporation 

6100 North Western Avenue 
 Oklahoma City, OK
73118 
 Attention: Assistant Treasurer 
  

 A-9 

 NOTATION OF GUARANTEE 

The Subsidiary Guarantors (which term includes any successor Persons under the Indenture), have fully, unconditionally and absolutely
guaranteed on a senior basis, jointly and severally, to the extent set forth in 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 each Subsidiary Guarantor
to the Holders of Notes and to the Trustee pursuant to its Guarantee and the Indenture are expressly set forth in Article Ten of the Base Indenture and reference is hereby made to the Indenture for the precise terms of the Guarantee. 

 

	
	SUBSIDIARY GUARANTORS

  

 A-10 

  

ASSIGNMENT FORM 
 To assign this
Note, fill in the form below: 
 I or we assign and transfer this Note to 

 
  

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

 
  

(Insert assignee’s social security or tax I.D. No.) 

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

 
  

							
	Dated:	 	
                    
 
	  	Your Signature:	  	  

  

 
 Sign exactly as your name appears on the other
side of this Note. 
  

	
	 Signature Guarantee:

 

	
	Signature must be guaranteed

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

 

 A-11 

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY 

The following increases or decreases in this Global Security have been made: 

 

									
	 Date of

Exchange
	 	Amount of decrease in
Principal amount of
this Global Security	 	Amount of increase in
Principal amount of
this Global Security	 	Principal amount of
this Global Security
following
such
decrease or increase	 	Signature of
authorized officer of
Trustee

 

 A-12 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 4.10 of the Indenture, check the box:

  ̈ 

If you want to elect to have only part of this Note purchased by the Company pursuant to Section 4.10 of the Indenture, state the
amount in principal amount: 
 $         

 

							
	Dated:	 	
                    
 
	  	Your Signature:	  	  

		 		  		  	(Sign exactly as your name appears on the other side of this Note.)

  

	
	 Signature Guarantee:
  

	(Signature must be guaranteed)

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

 

 A-13

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