Document:

EX-4.1

 Exhibit 4.1 
  

 
  

MATADOR RESOURCES COMPANY 

5.875% Senior Notes due 2026 

INDENTURE 
 Dated as of
August 21, 2018 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Trustee 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	 
	 Section 1.1
	 	 Definitions
	  	 	1	 
	 Section 1.2
	 	 Other Definitions
	  	 	32	 
	 Section 1.3
	 	 Incorporation by Reference of Trust Indenture Act
	  	 	33	 
	 Section 1.4
	 	 Rules of Construction
	  	 	33	 
		
	 ARTICLE II THE SECURITIES
	  	 	34	 
	 Section 2.1
	 	 Form and Dating
	  	 	34	 
	 Section 2.2
	 	 Execution and Authentication
	  	 	35	 
	 Section 2.3
	 	 Registrar and Paying Agent
	  	 	35	 
	 Section 2.4
	 	 Paying Agent to Hold Money in Trust
	  	 	36	 
	 Section 2.5
	 	 Holder Lists
	  	 	36	 
	 Section 2.6
	 	 Transfer and Exchange
	  	 	37	 
	 Section 2.7
	 	 Replacement Securities
	  	 	50	 
	 Section 2.8
	 	 Outstanding Securities
	  	 	50	 
	 Section 2.9
	 	 Temporary Securities
	  	 	51	 
	 Section 2.10
	 	 Cancellation
	  	 	51	 
	 Section 2.11
	 	 Defaulted Interest
	  	 	51	 
	 Section 2.12
	 	 CUSIP Numbers
	  	 	51	 
		
	 ARTICLE III REDEMPTION
	  	 	52	 
	 Section 3.1
	 	 Notices to Trustee
	  	 	52	 
	 Section 3.2
	 	 Selection of Securities to Be Redeemed
	  	 	52	 
	 Section 3.3
	 	 Notice of Redemption
	  	 	52	 
	 Section 3.4
	 	 Effect of Notice of Redemption
	  	 	54	 
	 Section 3.5
	 	 Deposit of Redemption Price
	  	 	54	 
	 Section 3.6
	 	 Securities Redeemed in Part
	  	 	54	 
	 Section 3.7
	 	 Optional Redemption
	  	 	54	 
		
	 ARTICLE IV COVENANTS
	  	 	55	 
	 Section 4.1
	 	 Payment of Securities
	  	 	55	 
	 Section 4.2
	 	 SEC Reports
	  	 	56	 
	 Section 4.3
	 	 Incurrence of Indebtedness
	  	 	57	 
	 Section 4.4
	 	 Restricted Payments
	  	 	60	 
	 Section 4.5
	 	 Liens
	  	 	65	 
	 Section 4.6
	 	 Dividend and Other Payment Restrictions Affecting Subsidiaries
	  	 	65	 
	 Section 4.7
	 	 Asset Sales
	  	 	67	 
	 Section 4.8
	 	 Transactions with Affiliates
	  	 	70	 
	 Section 4.9
	 	 Additional Subsidiary Guarantees
	  	 	72	 
	 Section 4.10
	 	 Business Activities
	  	 	73	 
	 Section 4.11
	 	 Change of Control
	  	 	73	 
	 Section 4.12
	 	 Maintenance of Office or Agency for Registration of Transfer, Exchange and Payment of
Securities
	  	 	75	 
	 Section 4.13
	 	 Appointment to Fill a Vacancy in the Office of Trustee
	  	 	75	 
	 Section 4.14
	 	 Provision as to Paying Agent
	  	 	75	 
	 Section 4.15
	 	 Maintenance of Corporate Existence
	  	 	76	 
	 Section 4.16
	 	 Compliance Certificate
	  	 	76	 

  
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	 Section 4.17
	 	 Taxes
	  	 	76	 
	 Section 4.18
	 	 Stay, Extension and Usury Laws
	  	 	77	 
	 Section 4.19
	 	 Covenant Termination
	  	 	77	 
		
	 ARTICLE V SUCCESSOR COMPANY
	  	 	77	 
	 Section 5.1
	 	 Merger, Consolidation or Sale of Assets
	  	 	77	 
	 Section 5.2
	 	 Successor Substituted
	  	 	78	 
		
	 ARTICLE VI DEFAULTS AND REMEDIES
	  	 	79	 
	 Section 6.1
	 	 Events of Default
	  	 	79	 
	 Section 6.2
	 	 Acceleration of Maturity; Rescission and Annulment
	  	 	81	 
	 Section 6.3
	 	 Other Remedies
	  	 	81	 
	 Section 6.4
	 	 Waiver of Past Defaults
	  	 	81	 
	 Section 6.5
	 	 Control by Majority
	  	 	81	 
	 Section 6.6
	 	 Limitation on Suits
	  	 	82	 
	 Section 6.7
	 	 Rights of Holders to Receive Payment
	  	 	82	 
	 Section 6.8
	 	 Collection Suit by Trustee
	  	 	82	 
	 Section 6.9
	 	 Trustee May File Proofs of Claim
	  	 	83	 
	 Section 6.10
	 	 Priorities
	  	 	83	 
	 Section 6.11
	 	 Undertaking for Costs
	  	 	83	 
		
	 ARTICLE VII TRUSTEE
	  	 	84	 
	 Section 7.1
	 	 Duties of Trustee
	  	 	84	 
	 Section 7.2
	 	 Rights of Trustee
	  	 	85	 
	 Section 7.3
	 	 Individual Rights of Trustee
	  	 	86	 
	 Section 7.4
	 	 Trustee’s Disclaimer
	  	 	86	 
	 Section 7.5
	 	 Notice of Defaults
	  	 	86	 
	 Section 7.6
	 	 Reports by Trustee to Holders
	  	 	86	 
	 Section 7.7
	 	 Compensation and Indemnity
	  	 	87	 
	 Section 7.8
	 	 Replacement of Trustee
	  	 	87	 
	 Section 7.9
	 	 Successor Trustee by Merger
	  	 	88	 
	 Section 7.10
	 	 Eligibility; Disqualification
	  	 	89	 
	 Section 7.11
	 	 Preferential Collection of Claims Against Company
	  	 	89	 
		
	 ARTICLE VIII DISCHARGE OF INDENTURE; DEFEASANCE
	  	 	89	 
	 Section 8.1
	 	 Discharge of Liability on Securities; Defeasance
	  	 	89	 
	 Section 8.2
	 	 Conditions to Defeasance
	  	 	90	 
	 Section 8.3
	 	 Delivery and Application of Trust Money
	  	 	92	 
	 Section 8.4
	 	 Repayment to Company
	  	 	92	 
	 Section 8.5
	 	 Indemnity for Government Securities
	  	 	92	 
	 Section 8.6
	 	 Reinstatement
	  	 	92	 
		
	 ARTICLE IX AMENDMENTS
	  	 	93	 
	 Section 9.1
	 	 Without Consent of Holders
	  	 	93	 
	 Section 9.2
	 	 With Consent of Holders
	  	 	93	 
	 Section 9.3
	 	 Compliance with Trust Indenture Act
	  	 	94	 
	 Section 9.4
	 	 Notation on or Exchange of Securities
	  	 	94	 
	 Section 9.5
	 	 Trustee to Sign Amendments
	  	 	95	 

  
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	 ARTICLE X SUBSIDIARY GUARANTEES
	  	 	95	 
	 Section 10.1
	 	 Subsidiary Guarantees
	  	 	95	 
	 Section 10.2
	 	 Limitation on Liability
	  	 	96	 
	 Section 10.3
	 	 Execution and Delivery of Subsidiary Guarantee
	  	 	97	 
	 Section 10.4
	 	 Successors and Assigns
	  	 	97	 
	 Section 10.5
	 	 No Waiver
	  	 	97	 
	 Section 10.6
	 	 Right of Contribution
	  	 	98	 
	 Section 10.7
	 	 No Subrogation
	  	 	98	 
	 Section 10.8
	 	 Modification
	  	 	98	 
	 Section 10.9
	 	 Merger, Consolidation or Sale of Assets of a Guarantor; Release of a Guarantor
	  	 	98	 
		
	 ARTICLE XI MISCELLANEOUS
	  	 	99	 
	 Section 11.1
	 	 Trust Indenture Act Controls
	  	 	99	 
	 Section 11.2
	 	 Notices
	  	 	99	 
	 Section 11.3
	 	 Communication by Holders with Other Holders
	  	 	100	 
	 Section 11.4
	 	 Certificate and Opinion as to Conditions Precedent
	  	 	100	 
	 Section 11.5
	 	 Statements Required in Certificate or Opinion
	  	 	101	 
	 Section 11.6
	 	 When Securities Disregarded
	  	 	101	 
	 Section 11.7
	 	 Legal Holidays
	  	 	101	 
	 Section 11.8
	 	 Governing Law
	  	 	101	 
	 Section 11.9
	 	 Force Majeure
	  	 	101	 
	 Section 11.10
	 	 No Personal Liability of Directors, Officers, Employees and Shareholders
	  	 	102	 
	 Section 11.11
	 	 Successors
	  	 	102	 
	 Section 11.12
	 	 Multiple Originals; Counterparts
	  	 	102	 
	 Section 11.13
	 	 Severability
	  	 	102	 
	 Section 11.14
	 	 Table of Contents; Headings
	  	 	102	 
	 Section 11.15
	 	 No Adverse Interpretation of Other Agreements
	  	 	102	 
	 Section 11.16
	 	 Acts of Holders
	  	 	103	 
	 Section 11.17
	 	 USA PATRIOT Act
	  	 	104	 

 EXHIBITS 
  

			
	 Exhibit A
	  	 Form of Security

		
	 Exhibit B
	  	 Form of Certificate of Transfer

		
	 Exhibit C
	  	 Form of Certificate of Exchange

		
	 Exhibit D
	  	 Form of Notation of Subsidiary Guarantee

		
	Exhibit E	  	Form of Supplemental Indenture to be Delivered by Future Guarantors

  
 iii 

 THIS INDENTURE, dated as of August 21, 2018, is among MATADOR RESOURCES COMPANY, a
Texas corporation (the “Company”), each of the GUARANTORS (as defined herein) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as trustee (the “Trustee”). 

Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the Holders of the Company’s
5.875% Senior Notes due 2026 issued on the date hereof (the “Initial Securities”), the Holders of any Additional Securities (as hereinafter defined) issued hereafter and, if and when issued in exchange for the Initial Securities or
any Additional Securities as provided in a Registration Rights Agreement (as hereinafter defined), the Company’s Exchange Securities (as hereinafter defined): 

ARTICLE I 
 DEFINITIONS
AND INCORPORATION BY REFERENCE 
  

	Section 1.1	 Definitions 

“144A Global Security” means a Global Security substantially in the form of Exhibit A hereto bearing the Global
Security Legend and the Private Placement Legend, that has the “Schedule of Exchanges of Interests in the Global Security” attached thereto, and that is deposited with or on behalf of, and registered in the name of, the Depositary or its
nominee, issued in a denomination equal to the outstanding principal amount of the Securities initially sold in reliance on Rule 144A. 

“2023 Notes Issue Date” means April 14, 2015. 

“ACNTA” means (without duplication), as of the date of determination: 

(1)    the sum of: 

(a)    discounted future net revenue from proved oil and natural gas reserves of the Company and its Restricted
Subsidiaries calculated in accordance with SEC guidelines before any state or federal income taxes, as estimated by the Company or independent engineers in one or more reserve reports prepared as of the end of the Company’s most recently
completed fiscal year for which audited financial statements are available or, at the Company’s option, the most recently completed fiscal quarter for which financial statements are available, as increased by, as of the date of determination,
the estimated discounted future net revenues from: 
 (i)    estimated proved oil and natural gas
reserves of the Company and its Restricted Subsidiaries attributable to acquisitions consummated since the date of such year-end or quarterly reserve report, as applicable, and 

(ii)    estimated proved oil and natural gas reserves of the Company and its Restricted Subsidiaries
attributable to extensions, discoveries and other additions and upward determinations of estimates of proved oil and natural gas reserves (including previously estimated development costs incurred during the period and the accretion of discount
since the prior year end) due to exploration, development or exploitation, production or other activities which reserves were not reflected in such year-end or quarterly reserve report, as applicable,

  
 1 

 and decreased by, as of the date of determination, the discounted future net revenue attributable to: 

(iii)    estimated proved oil and natural gas reserves of the Company and its Restricted Subsidiaries
reflected in such year-end or quarterly reserve report produced or disposed of since the date of such year-end or quarterly reserve report (before any state or federal
income taxes), and 
 (iv)    reductions in the estimated proved oil and natural gas reserves of the
Company and its Restricted Subsidiaries reflected in such year-end or quarterly reserve report since the date of such year-end or quarterly reserve report attributable to downward determinations of estimates
of proved oil and natural gas reserves due to exploration, development or exploitation, production or other activities conducted or otherwise occurring since the date of such year-end or quarterly reserve
report, 
 in the case of the preceding clauses (i) through (iv), calculated in accordance with SEC guidelines (utilizing the prices utilized in such
year-end or quarterly reserve report, as applicable) before any state or federal income taxes; provided, however, that, in the case of each of the determinations made pursuant to clauses (i) through (iv), such increases and decreases
shall be as estimated by the Company’s internal engineers or third party engineers; 
 (b)    the capitalized costs
that are attributable to oil and natural gas properties of the Company and its Restricted Subsidiaries to which no proved oil and natural gas reserves are attributed, 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; 
 (c)    the Net Working Capital on a date
no earlier than the date of the Company’s latest annual or quarterly financial statements; and 
 (d)    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 within the immediately
preceding 12 months, of other tangible assets of the Company and its Restricted Subsidiaries (provided that the Company shall not be required to obtain such an appraisal of such assets if no such appraisal has been performed); 

minus 
 (2)    to the
extent not otherwise taken into account in the immediately preceding clause (1) the sum of: 
 (a)    minority
interests; 
 (b)    any net gas or other balancing liabilities of the Company and its Restricted Subsidiaries reflected
in the Company’s latest annual or quarterly financial statements; 
 (c)    the discounted future net revenue,
calculated in accordance with SEC guidelines (utilizing the same prices utilized in the Company’s year-end reserve report) before any state or federal income taxes, attributable to reserves that are
required to be delivered to third parties to fully satisfy the obligations of the Company and its Restricted Subsidiaries with respect to Volumetric Production Payments on the schedules specified with respect thereto; and 

  
 2 

 (d)    the discounted future net revenue, calculated in accordance with
SEC guidelines before any state or federal income taxes, attributable to reserves subject to Dollar-Denominated Production Payments that, based on the estimates of production included in determining the discounted future net revenue specified in the
immediately preceding clause (1)(a) (utilizing the same prices utilized in the Company’s year-end reserve report), would be necessary to satisfy fully the obligations of the Company and its Restricted
Subsidiaries with respect to Dollar-Denominated Production Payments on the schedules specified with respect thereto. 
 If the Company
changes its method of accounting from the full cost method to the successful efforts method or a similar method of accounting, ACNTA will continue to be calculated as if the Company were still using the full cost method of accounting. For the
avoidance of doubt, references in this definition to “oil and natural gas reserves” shall include any reserves attributable to natural gas liquids or other hydrocarbons. 

“Acquired Debt” means, with respect to any specified Person: 

(1)    Indebtedness of any other Person existing at the time such other Person is merged with or into or became a
Restricted Subsidiary of such specified Person, whether or not such Indebtedness is incurred in connection with, or in contemplation of, such other Person merging with or into, or becoming a Restricted Subsidiary of, such specified Person; and 

(2)    Indebtedness secured by a Lien encumbering any asset acquired by such specified Person, provided that the
amount of any such Acquired Debt shall not exceed the Fair Market Value of the assets subject to such Lien. 
 “Additional
Interest” means, with respect to any Securities, the additional interest thereon, if any, required by the Registration Rights Agreement applicable to such Securities. 

“Additional Securities” means any Securities (other than the Initial Securities or the Exchange Securities) issued under this
Indenture in accordance with Sections 2.2 and 4.3 hereof, as part of the same series as the Initial Securities to the extent outstanding and any Exchange Securities then outstanding. 

“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 purposes of this definition, “control,” as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction
of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise. For purposes of this definition, the terms “controlling,” “controlled by” and “under common control
with” shall have correlative meanings. 
 “Agent” means any Registrar, Paying Agent, Depositary Custodian, or
Authenticating Agent. 
 “Applicable Procedures” means, with respect to any payment, tender, redemption, transfer or
exchange of or for beneficial interests in any Global Security, the rules and procedures of the Depositary, Euroclear or Clearstream that apply to such payment, tender, redemption, transfer or exchange. 

  
 3 

 “Asset Sale” means: 

(1)    the sale, lease, conveyance or other disposition (including, without limitation, by means of a sale and leaseback
transaction) of any assets, including, without limitation, any sale of hydrocarbons or other mineral products as a result of the creation of Production Payments and Reserve Sales; provided that the sale, lease conveyance or other disposition
of all or substantially all of the assets of the Company and its Restricted Subsidiaries taken as a whole will be governed by Section 4.11 hereof and/or Section 5.1 hereof and not by the provisions
of Section 4.7 hereof; and 
 (2)    the issuance of Equity Interests by any of the
Company’s Restricted Subsidiaries or the sale of Equity Interests in any of its Subsidiaries (other than directors’ qualifying shares or shares required by applicable law to be held by a Person other than the Company or a Restricted
Subsidiary). 
 Notwithstanding the preceding, the following items shall not be deemed to be Asset Sales: 

(1)    any single transaction or series of related transactions that: (a) involves assets having a Fair Market Value
of less than $20.0 million; or (b) results in Net Proceeds to the Company and its Restricted Subsidiaries of less than $20.0 million; 

(2)    a transfer of assets between or among the Company and its Restricted Subsidiaries; 

(3)    an issuance of Equity Interests by a Restricted Subsidiary to the Company or to another Restricted Subsidiary; 

(4)    a disposition of cash or Cash Equivalents, inventory, accounts receivable, surplus or obsolete equipment or other
similar property or any other disposition of property in the ordinary course of business (excluding the disposition of oil and gas in place and other interests in real property unless made in connection with a Permitted Business Investment) or the
early termination or unwinding of any Hedging Obligation; 
 (5)    a Permitted Investment or a Restricted Payment that
is permitted by Section 4.4 hereof; 
 (6)    a disposition of oil, natural gas or other hydrocarbons or other
mineral products in the ordinary course of business of the oil and gas production operations of the Company and its Subsidiaries; 

(7)    any abandonment, relinquishment, farm-in,
farm-out, lease and sub-lease of developed and/or undeveloped properties made or entered into in the ordinary course of business, but excluding any disposition as a
result of the creation of a Production Payment and Reserve Sale; 
 (8)    the creation or perfection of a Lien or
disposition of any asset subject to such Lien in connection with enforcement thereof; 
 (9)    any trade or exchange by
the Company or any Restricted Subsidiary of properties or assets used or useful in the Oil and Gas Business for other properties or assets used or useful in the Oil and Gas Business owned or held by another Person (including

  
 4 

 
Capital Stock of a Person engaged in the Oil and Gas Business that is or becomes a Restricted Subsidiary), including any cash or Cash Equivalents necessary in order to achieve an exchange of
equivalent value, provided that the Fair Market Value of the properties or assets traded or exchanged by the Company or such Restricted Subsidiary (including any cash or Cash Equivalents to be delivered by the Company or such Restricted
Subsidiary) is reasonably equivalent to the Fair Market Value of the properties or assets (together with any cash or Cash Equivalents) to be received by the Company or such Restricted Subsidiary, and provided further that any cash
received in the transaction must be applied in accordance with the provisions of Section 4.7 as if such transaction were an Asset Sale; 

(10)    the surrender or waiver of contract rights or the settlement, release or surrender of contract, tort or other
claims of any kind; 
 (11)    any assignment of an overriding royalty or net profits interest to an employee or
consultant of the Company or any of its Restricted Subsidiaries in the ordinary course of business in connection with the generation of prospects or the development of oil and natural gas projects; 

(12)    the sale or other disposition (whether or not in the ordinary course of business) of oil and gas properties,
provided at the time of such sale or other disposition such properties do not have associated with them any proved reserves; 

(13)    any Production Payment or Reserve Sale, provided that any such Production Payment or Reserve Sales shall
have been created, incurred, issued, assumed or guaranteed in connection with the acquisition or financing of, and within 180 days after the acquisition of, the property that is subject thereto; 

(14)    the licensing or sublicensing of intellectual property or other general intangibles to the extent that such
license does not prohibit the licensor from using the intellectual property and licenses, leases or subleases of other property; 

(15)    any sale of Equity Interests in, or Indebtedness or other securities of, an Unrestricted Subsidiary; and 

(16)    dispositions of joint venture interests required by the terms of the documents governing such joint venture. 

“Bankruptcy Law” means Title 11, United States Code, or any similar U.S. federal or state law for the relief of debtors. 

“Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act. 
 “Board of Directors” means: 

(1)    with respect to a corporation, the board of directors of the corporation or any committee thereof duly authorized
to act on behalf of such board; 
 (2)    with respect to a partnership, the board of directors or other governing body
of the general partner of the partnership; 

  
 5 

 (3)    with respect to a limited liability company, the board of
directors or other governing body, and in the absence of same, the manager or board of managers or the managing member or members or any controlling committee thereof; and 

(4)    with respect to any other Person, the board or committee of such Person serving a similar function. 

“Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the applicable 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. 

“Borrowing Base” means, with respect to borrowings under the Credit Agreement and any amendment to and/or modification or
replacement of the foregoing in the form of a reserve-based borrowing base credit facility, in each case with lenders that include commercial banks regulated by the U.S. Office of the Comptroller of the Currency, the maximum amount determined or re-determined by the lenders thereunder as the aggregate lending value to be ascribed to the Oil and Gas Properties and other assets of the Company and its Restricted Subsidiaries against which such lenders are
prepared to provide loans, letters of credit or other Indebtedness to the credit parties, using customary practices and standards for determining reserve-based borrowing base loans and which are generally applied to borrowers in the Oil and Gas
Business by commercial lenders, as determined semi-annually during each year and/or on such other occasions as may be required or provided for therein. 

“Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks in New York, New York or
the Trustee are authorized or required by law to close. 
 “Capital Lease Obligation” means, at the time any determination
thereof is to be made, the amount of the liability of a Person in respect of a capital lease that would at that time be required to be capitalized on a balance sheet of such Person in accordance with GAAP. Notwithstanding the foregoing, any lease
(whether entered into before or after the Issue Date) that would have been classified as an operating lease pursuant to GAAP as in effect on the Issue Date will be deemed not to represent a Capital Lease Obligation. 

“Capital Stock” means: 

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

(2)    in the case of an association or business entity, any and all shares, interests, participations, rights or other
equivalents (however designated) of corporate stock; 
 (3)    in the case of a partnership or limited liability
company, partnership or membership interests (whether general or limited); and 
 (4)    any other interest or
participation (other than any debt security convertible into an equity interest) that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person. 

  
 6 

 “Cash Equivalents” means: 

(1)    United States dollars; 

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

(3)    demand accounts, time deposit accounts, certificates of deposit and Eurodollar time deposits with maturities of 365
days or less from the date of acquisition, bankers’ acceptances with maturities not exceeding 365 days and overnight bank deposits, in each case, with any domestic commercial bank having capital and surplus in excess of $250.0 million and
a Thomson Bank Watch Rating of “B” or better; 
 (4)    repurchase obligations with a term of not more than
seven days for underlying securities of the types described in clauses (2) and (3) above entered into with any financial institution meeting the qualifications specified in clause (3) above; 

(5)    commercial paper having one of the two highest ratings obtainable from Moody’s or S&P and in each case
maturing within 365 days after the date of acquisition; 
 (6)    deposits and certificates of deposit with any
commercial bank not meeting the qualifications specified in clause (3) above, provided all such deposits do not exceed $1.0 million in the aggregate at any one time; 

(7)    securities issued and fully guaranteed by any state, commonwealth or territory of the United States of America, or
by any political subdivision or taxing authority thereof, rated at least “A” by Moody’s or S&P and having maturities of not more than 365 days from the date of acquisition; 

(8)    Indebtedness or preferred stock issued by Persons with a rating of “A” or higher from S&P or “A-2” from Moody’s, with maturities of 365 days or less from the date or acquisition; and 

(9)    money market or other mutual funds substantially all of the assets of which constitute Cash Equivalents of the
kinds described in clauses (1) through (8) of this definition. 
 “Change of Control” means the occurrence of any of
the following: 
 (1)    the sale, lease, transfer, conveyance or other disposition (other than by way of merger or
consolidation), in one or a series of related transactions, of all or substantially all of the assets of the Company and its Subsidiaries taken as a whole; 

(2)    the adoption by the Board of Directors of a plan of liquidation or dissolution of the Company; or 

(3)    the consummation of any transaction (including, without limitation, any merger or consolidation) the result of
which is that any Person, entity or “group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act), other than one or more Permitted Holders (or any intermediate companies owned or controlled directly or indirectly by one
or more Permitted Holders), becomes the Beneficial Owner, directly or indirectly, of more than 50% of the Voting Stock of the Company, measured by voting power rather than number of shares. 

  
 7 

 Notwithstanding the foregoing, a transaction will not be deemed to involve a Change of
Control under clause (3) above if (i) the Company becomes a direct or indirect wholly owned Subsidiary of a holding company and (ii) (A) the direct or indirect holders of the Voting Stock of such holding company immediately following
that transaction are substantially the same as the holders of the Company’s Voting Stock immediately prior to that transaction, or (B) immediately following that transaction, the holders of the Company’s Voting Stock immediately prior
to that transaction (or another holding company satisfying the requirements of this sentence) are the beneficial owners, directly or indirectly, of more than 50% of the Voting Stock of such holding company. 

“Change of Control Triggering Event” means the occurrence of a Change of Control that is accompanied or followed by a
downgrade by one or more gradations (including gradations within ratings categories as well as between ratings categories) or withdrawal of the rating of the Securities within the Ratings Decline Period by either of the Rating Agencies, as a result
of which the rating of the Securities by such Rating Agency on any day during such Ratings Decline Period is below the rating by such Rating Agency in effect immediately preceding the first public announcement of the Change of Control (or occurrence
thereof if such Change of Control occurs prior to public announcement). 
 “Clearstream” means Clearstream Banking,
société anonyme, or any successor securities clearance agency. 
 “Code” means the Internal Revenue Code of
1986, as amended. 
 “Commodity Agreement” means any oil or natural gas hedging agreement and other agreement or
arrangement designed to protect the Company or any Restricted Subsidiary against or manage exposure to fluctuations in oil or natural gas prices and not for speculative purposes. 

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

“Consolidated Net Income” means, with respect to any specified Person for any period, the aggregate of the net income of such
Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that there shall be excluded therefrom: 

(1)    the net income (or loss) of any Person that is not a Restricted Subsidiary or that is accounted for by the equity
method of accounting, except to the extent of the amount of dividends or distributions paid in cash to the specified Person or a Restricted Subsidiary thereof; 

(2)    the net income of any Restricted Subsidiary that is not a Guarantor to the extent that the declaration or payment
of dividends or similar distributions by that Restricted Subsidiary of that net income is not at the date of determination permitted without any prior governmental approval (that has not been obtained) or, directly or indirectly, by operation of the
terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Restricted Subsidiary or its stockholders; 

  
 8 

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

(4)    any write-downs or impairments of non-current assets; 

(5)    any unrealized non-cash gains or losses or charges in respect of hedge or non-hedge derivatives (including those resulting from the application of ASC 815); 

(6)    any gain (or loss), together with any related provision for taxes on such gain (or loss), realized in connection
with: (a) any Asset Sale; or (b) the disposition of any securities by such Person or any of its Restricted Subsidiaries or the extinguishment of any Indebtedness of such Person or any of its Restricted Subsidiaries; 

(7)    any extraordinary or non-recurring gain (or loss), together with any
related provision for taxes on such extraordinary or non-recurring gain (or loss); and 

(8)    any non-cash compensation charge arising from any grant or vesting of
stock, stock options or other equity-based awards. 
 “Corporate Trust Office of the Trustee” means the office of the
Trustee at which at any time its corporate trust business shall be administered, which office at the date hereof is located at Wells Fargo Bank, National Association, 1445 Ross Avenue, Suite 4300, Dallas, Texas 75202, or such other address as the
Trustee may designate from time to time by notice to the Holders and the Company given in accordance with Section 11.2 hereof. 

“Credit Agreement” means the Third Amended and Restated Credit Agreement, dated as of September 28, 2012, among MRC
Energy Company, as borrower, Royal Bank of Canada, as administrative agent, and the other lenders party thereto, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each
case as amended, restated, modified, supplemented, extended, renewed, refunded, replaced or refinanced in whole or in part from time to time. 

“Credit Facilities” means, with respect to the Company or any Guarantor, one or more credit facilities, debt facilities,
indentures or commercial paper facilities (including, without limitation, the Credit Agreement), in each case with banks or other financial institutions or lenders or investors, providing for revolving credit loans, term loans, private placements,
debt securities, receivables financings (including through the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables) or letters of credit or letter of credit guarantees, in
each case, as amended, restated, modified, supplemented, extended, renewed, refunded, replaced or refinanced in whole or in part from time to time. 

“Currency Agreements” means, at any time as to the Company and its Restricted Subsidiaries, any foreign currency exchange
agreement, option or future contract or other similar agreement or arrangement designed to protect against or manage the Company’s or any of its Restricted Subsidiaries’ exposure to fluctuations in foreign currency exchange rates and not
for speculative purposes. 
 “Customary Recourse Exceptions” means, with respect to any
Non-Recourse Debt of an Unrestricted Subsidiary, exclusions from the exculpation provisions with respect to such 

  
 9 

 
Non-Recourse Debt for the voluntary bankruptcy of such Unrestricted Subsidiary, fraud, misapplication of cash, environmental claims, waste, willful
destruction and other circumstances customarily excluded by lenders from exculpation provisions or included in separate indemnification agreements in non-recourse financings. 

“Default” means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default.

 “Definitive Security” means a certificated Security registered in the name of the Holder thereof and issued in
accordance with Section 2.6 hereof, substantially in the form of Exhibit A hereto except that such Security shall not bear the Global Security Legend and shall not have the “Schedule of Exchanges of Interests in
the Global Security” attached thereto. 
 “Depositary” means The Depository Trust Company, until a successor shall
have been appointed and become such Depositary pursuant to this Indenture and thereafter shall mean its successor. 
 “Depositary
Custodian” means the Trustee as custodian with respect to the Global Securities or any other successor entity thereto. 

“Designated Non-cash Consideration” means the Fair Market Value of non-cash consideration received by the Company or one of its Restricted Subsidiaries in connection with an Asset Sale that is so designated as “Designated Non-cash
Consideration” pursuant to an Officers’ Certificate, less the amount of cash or Cash Equivalents received in connection with a subsequent sale of such Designated Non-cash Consideration. 

“Disinterested Member” means, with respect to any transaction, a member of the Company’s Board of Directors who does not
have any material direct or indirect financial interest (other than as an owner of Equity Interests in the Company or as an officer, manager or employee of the Company or any Restricted Subsidiary) in or with respect to such transaction and is not
an Affiliate, or an officer, director, member of a supervisory, executive or management board or employee of any Person (other than the Company or a Restricted Subsidiary), who has any direct or indirect financial interest in or with respect to such
transaction. 
 “Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of any security into which
it is convertible, or for which it is exchangeable, in each case at the option of the holder thereof), or upon the happening of any event, matures or is mandatorily redeemable, for any consideration (other than Capital Stock) pursuant to a sinking
fund obligation or otherwise, or is redeemable for any consideration (other than Capital Stock) at the option of the holder thereof, in whole or in part, on or prior to the date that is 91 days after the date on which the Securities mature.
Notwithstanding the preceding sentence, any Capital Stock that would constitute Disqualified Stock solely because the holders thereof have the right to require the Company to repurchase such Capital Stock upon the occurrence of a change of control
or an asset sale shall not constitute Disqualified Stock if the terms of such Capital Stock provide that the Company may not repurchase or redeem any such Capital Stock pursuant to such provisions unless such repurchase or redemption complies with
Section 4.4 hereof. 

  
 10 

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

“Domestic Subsidiary” means any Restricted Subsidiary of the Company that is formed under the laws of the United States or
any state of the United States or the District of Columbia. 
 “EBITDA” means, with respect to any Person for any period,
without duplication, the Consolidated Net Income of such Person for such period, 
 (i) plus the sum of the following, without duplication
and to the extent deducted (and not added back) in calculating such Consolidated Net Income: 
  

	 	(1)	 provision for taxes based on income or profits of such Person and its Restricted Subsidiaries for such period;

  

	 	(2)	 Fixed Charges of such Person and its Restricted Subsidiaries for such period; 

 

	 	(3)	 depreciation, depletion, amortization (including amortization of goodwill and other intangibles but excluding
amortization of prepaid cash expenses that were paid in a prior period), accretion, impairment and other non-cash expenses (excluding any such non-cash expense to the
extent that it represents an accrual of or reserve for cash expenses in any future period or amortization of a prepaid cash expense that was paid in a prior period other than non-cash charges resulting from
the application of ASC 410) of such Person and its Restricted Subsidiaries for such period; and 

  

	 	(4)	 if such Person accounts for its oil and natural gas operations using successful efforts or a similar method of
accounting, consolidated exploration and abandonment expense of such Person and its Restricted Subsidiaries; 

 (ii) and minus the sum of:

  

	 	(1)	 non-cash items increasing such Consolidated Net Income for such period,
other than items that were accrued in the ordinary course of business, in each case, on a consolidated basis and determined in accordance with GAAP; and 

 

	 	(2)	 (to the extent included in determining Consolidated Net Income) the sum of (a) the amount of deferred
revenues that are amortized during the period and are attributable to reserves that are subject to Volumetric Production Payments; and (b) amounts recorded in accordance with GAAP as repayments of principal and interest pursuant to
Dollar-Denominated Production Payments. 

 “Equity Interests” mean Capital Stock and all warrants,
options or other rights to acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock). 

“Equity Offering” means any public or private sale after the date of this Indenture of Capital Stock (other than Disqualified
Stock) of the Company or any contribution to the capital of the Company in respect of Capital Stock (other than Disqualified Stock) of the Company, other than issuances to any Subsidiary of the Company. 

  
 11 

 “Euroclear” means Euroclear Bank S.A./N.V., or any successor securities
clearance agency. 
 “Exchange Act” means the Securities Exchange Act of 1934 and any successor statute thereto, in each
case as amended from time to time. 
 “Exchange Offer Registration Statement” means the registration statement of the
Company relating to any offer to exchange Exchange Securities for either Initial Securities or Additional Securities pursuant to a Registration Rights Agreement. 

“Exchange Securities” means Securities issued in an exchange offer for Initial Securities or Additional Securities in
accordance with a Registration Rights Agreement. 
 “Exchanging Dealer” means a broker-dealer that exchanges Securities in
a Registered Exchange Offer that it has acquired for its own account as a result of market making activities or other trading activities. 

“Existing Indebtedness” means Indebtedness outstanding on the Issue Date, other than under the Credit Agreement. 

“Fair Market Value” means the price that would be negotiated in an arm’s-length
transaction between a willing seller and a willing and able buyer, neither of which is under any compulsion to complete the transaction, as such price is determined in good faith by the Board of Directors of the Company in the case of amounts of
$50.0 million or more and otherwise by an officer of the Company. 
 “Fixed Charge Coverage Ratio” means, with respect
to any specified Person for any period, the ratio of the EBITDA of such Person and its Restricted Subsidiaries for such period to the Fixed Charges of such Person for such period. In the event that the specified Person or any of its Restricted
Subsidiaries incurs, assumes, Guarantees, redeems or repays any Indebtedness (other than revolving credit borrowings unless, in connection with any such repayment, the commitments to lend associated with such revolving credit borrowings are
permanently reduced or canceled) or issues or redeems preferred stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated but prior to the date on which the event for which the calculation of
the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect to such incurrence, assumption, Guarantee, redemption or repayment of Indebtedness,
or such issuance or redemption of preferred stock, as if the same had occurred at the beginning of the applicable four-quarter reference period. 

In addition, for purposes of calculating the Fixed Charge Coverage Ratio: 

(1)    acquisitions that have been made by the specified Person or any of its Restricted Subsidiaries, including through
mergers or consolidations and including any related financing transactions, and increases in ownership of Restricted Subsidiaries, during the four-quarter reference period or subsequent to such reference period and on or prior to the Calculation
Date shall be given pro forma effect as if they had occurred on the first day of the four-quarter reference period; 

  
 12 

 (2)    the EBITDA attributable to discontinued operations, as determined
in accordance with GAAP, and operations or businesses (and ownership interests therein) disposed of prior to the Calculation Date, shall be excluded; 

(3)    the Fixed Charges attributable to discontinued operations, as determined in accordance with GAAP, and operations or
businesses (and ownership interests therein) disposed of prior to the Calculation Date, shall be excluded, but only to the extent that the obligations giving rise to such Fixed Charges will not be obligations of the specified Person or any of its
Restricted Subsidiaries following the Calculation Date; 
 (4)    any Person that is a Restricted Subsidiary on the
Calculation Date will be deemed to have been a Restricted Subsidiary at all times during such four-quarter period; and 

(5)    any Person that is not a Restricted Subsidiary on the Calculation Date will be deemed not to have been a Restricted
Subsidiary at all times during such four-quarter period. 
 For purposes of this definition, whenever pro forma effect is to be given to any
calculation under this definition, the pro forma calculations will be determined in good faith by a responsible financial or accounting officer of the Company; provided that such officer may in his or her discretion include any reasonably
identifiable and factually supportable pro forma changes to EBITDA, including any pro forma expenses and cost reductions, that have occurred or in the judgment of such officer are reasonably expected to occur within 12 months of the date of the
applicable transaction (regardless of whether such expense or cost reduction or any other operating improvements could then be reflected properly in pro forma financial statements prepared in accordance with Regulation
S-X under the Securities Act or any other regulation or policy of the SEC). If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest expense on such Indebtedness
will be calculated as if the average rate in effect from the beginning of such period to the date of determination had been the applicable rate for the entire period (taking into account any Interest Rate Agreement applicable to such Indebtedness,
but if the remaining term of such Interest Rate Agreement is less than 12 months, then such Interest Rate Agreement shall only be taken into account for that portion of the period equal to the remaining term thereof). If any Indebtedness that is
being given pro forma effect bears an interest rate at the option of the Company or a Restricted Subsidiary, the interest rate shall be calculated by applying such optional rate chosen by the Company or such Restricted Subsidiary. Interest on
Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar rate, a eurocurrency interbank offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none,
then based upon such optional rate chosen as the Company may designate. 
 “Fixed Charges” means, with respect to any
Person for any period, the sum, without duplication, of: 
 (1)    the consolidated interest expense of such Person and
its Restricted Subsidiaries for such period, whether paid or accrued and whether or not capitalized, including, without limitation, amortization of original issue discount, non-cash interest payments (other
than amortization of debt issuance costs or debt extinguishment costs), the interest component of any deferred payment obligations, the interest component of all payments associated with Capital Lease Obligations, commissions, discounts, and other
fees and charges incurred in respect of letters of credit or bankers’ acceptance financings, and net payments, if any, pursuant to Interest Rate Agreements; plus 

  
 13 

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

(3)    all dividend payments, whether or not in cash, on any series of Disqualified Stock of such Person or any of its
Restricted Subsidiaries, or preferred stock of any of its Restricted Subsidiaries, in each case other than dividend payments on Equity Interests payable solely in Equity Interests of the Company (other than Disqualified Stock) or to the Company or a
Restricted Subsidiary of the Company. 
 “GAAP” means accounting principles generally accepted in the United States set
forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements, and pronouncements of the Financial Accounting Standards Board or in such other statements by such
other entities as have been approved by a significant segment of the accounting profession, which are in effect from time to time. 

“Global Securities” means, individually and collectively, each of the Restricted Global Securities and the Unrestricted
Global Securities. 
 “Global Security Legend” means the legend set forth in Section 2.6(g)(2),
which is required to be placed on all Global Securities issued under this Indenture. 
 “Government Securities” means
direct obligations, or certificates representing an ownership interest in such obligations, of the United States of America (including any agency or instrumentality thereof) for the payment of which the full faith and credit of the United States of
America is pledged and that are not callable at the issuer’s option. 
 “Guarantee” means, without duplication, any
obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Indebtedness of any other Person and any other obligation, direct or indirect, contingent or otherwise, of such Person: 

(1)    to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness of such other
Person, or 
 (2)    entered into for the purpose of assuring in any other manner the obligee of such Indebtedness of
the payment therefor to protect such obligee against loss in respect thereof (in whole or in part); 
 provided, however, that the term
“Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business. The term “Guarantee” used as a verb has a corresponding meaning. 

“Guarantors” means each Subsidiary that provides a Subsidiary Guarantee in accordance with the provisions of this Indenture
and its successors and assigns. 
 “Hedging Obligations” means, with respect to any Person, the obligations of such Person
under Currency Agreements, Interest Rate Agreements and Commodity Agreements. 
 “Holder” means a person in whose name a
Security is registered on the Registrar’s books. 

  
 14 

 “Indebtedness” means, with respect to any specified Person, without
duplication, 
 (1)    all obligations of such Person, whether or not contingent, in respect of: 

(a)    the principal of and premium, if any, in respect of outstanding (i) Indebtedness of such Person for money
borrowed and (ii) Indebtedness evidenced by notes, debentures, bonds or other similar instruments for the payment of which such Person is responsible or liable; 

(b)    all Capital Lease Obligations of such Person; 

(c)    the deferred purchase price of property, which purchase price is due more than six months after the date of taking
delivery of title to such property, including all obligations of such Person for the deferred purchase price of property under any title retention agreement, but excluding accrued expenses and trade accounts payable arising in the ordinary course of
business; and 
 (d)    the reimbursement obligation of any obligor for the principal amount of any letter of credit,
banker’s acceptance or similar transaction (excluding obligations with respect to letters of credit securing obligations (other than obligations described in clauses (a) through (c) above) entered into in the ordinary course of business of
such Person to the extent such letters of credit are not drawn upon or, if and to the extent drawn upon, such drawing is reimbursed no later than the tenth Business Day following receipt by such Person of a demand for reimbursement following payment
on the letter of credit); 
 (2)    all liabilities of others of the kind described in the preceding clause
(1) that such Person has Guaranteed or that are otherwise its legal liability; 
 (3)    with respect to any
Production Payment and Reserve Sale, any warranties or guaranties of production or payment by such Person with respect to such Production Payment and Reserve Sale but excluding other contractual obligations of such Person with respect to such
Production Payment and Reserve Sale; 
 (4)    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: 

(a)    the full amount of such obligations so secured and 

(b)     the fair market value of such asset as determined in good faith by such specified Person; 

(5)    Disqualified Stock of such Person or a Restricted Subsidiary in an amount equal to the greater of the maximum
mandatory redemption or repurchase price (not including, in either case, any redemption or repurchase premium) or the liquidation preference thereof; and 

(6)    the aggregate preference in respect of amounts payable on the issued and outstanding shares of preferred stock of
any of the Company’s Restricted Subsidiaries in the event of any voluntary or involuntary liquidation, dissolution or winding up (excluding any such preference attributable to such shares of preferred stock that are owned by such Person or any
of its Restricted Subsidiaries; provided that if such Person is the Company, such exclusion shall be for such preference attributable to such shares of preferred stock that are owned by the Company or any of its Restricted Subsidiaries), 

  
 15 

 if and to the extent that any of the preceding items (other than in respect of letters of credit) would
appear as a liability upon a balance sheet of the specified Person prepared in accordance with GAAP. 
 Notwithstanding the foregoing,
“Indebtedness” shall not include: 
 (a)    accrued expenses, royalties and trade payables; 

(b)     contingent obligations incurred in the ordinary course of business; 

(c)    asset-retirement obligations or obligations in respect of reclamation and workers’ compensation (including
pensions and retiree medical care) that are not overdue by more than 90 days; 
 (d)     except as provided in clause
(4) above, Production Payments and Reserve Sales; 
 (e)    in-kind
obligations relating to net oil or natural gas balancing positions arising in the ordinary course of business; 

(f)    any obligation of a Person in respect of a farm-in agreement or similar
arrangement whereby such Person agrees to pay all or a share of the drilling, completion or other expenses of an exploratory or development well (which agreement may be subject to a maximum payment obligation, after which expenses are shared in
accordance with the working or participation interest therein or in accordance with the agreement of the parties) or perform the drilling, completion or other operation on such well in exchange for an ownership interest in an oil or natural gas
property; 
 (g)    any repayment or reimbursement obligation of such Person or any of its Restricted Subsidiaries with
respect to Customary Recourse Exceptions, unless and until an event or circumstance occurs that triggers the Person’s or such Restricted Subsidiary’s direct repayment or reimbursement obligation (as opposed to contingent or performance
obligations) to the lender or other Person to whom such obligation is actually owed, in which case the amount of such direct payment or reimbursement obligation shall constitute Indebtedness; and 

(h)    indebtedness, the proceeds of which are funded into an escrow or other trust arrangement pending the satisfaction
of one or more conditions, unless and until such proceeds are released to the Company or any Restricted Subsidiary of the Company. 
 For
purposes hereof, the maximum fixed repurchase price of any Disqualified Stock which does not have a fixed repurchase price shall be calculated in accordance with the terms of such Disqualified Stock as if such Disqualified Stock were purchased on
any date on which Indebtedness shall be required to be determined pursuant to this Indenture, and if such price is based upon, or measured by, the fair market value of such Disqualified Stock, such fair market value to be determined in good faith by
the Board of Directors of the issuer of such Disqualified Stock. 

  
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 Notwithstanding the foregoing, Indebtedness shall not include any indebtedness that has been
defeased or discharged in accordance with GAAP or defeased or discharged pursuant to the deposit of cash, U.S. government obligations and Cash Equivalents (sufficient to satisfy all obligations relating thereto at maturity or redemption, as
applicable) in a trust or account created or pledged for the sole benefit of the holders of such indebtedness, in accordance with the terms of the instruments governing such indebtedness. 

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

“Indirect Participant” means a Person who holds a beneficial interest in a Global Security through a Participant. 

“Initial Purchasers” means, with respect to the Initial Securities, Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Scotia Capital (USA) Inc., SunTrust Robinson Humphrey, Inc., Wells Fargo Securities, LLC, BMO Capital Markets Corp., RBC Capital Markets, LLC, Comerica Securities, Inc., IBERIA Capital Partners L.L.C., Stifel, Nicolaus &
Company, Incorporated, Imperial Capital, LLC, Northland Securities, Inc. and Stephens Inc. 
 “Interest Payment Date,” when
used with respect to any Security, means the Stated Maturity of an installment of interest on such Security. 
 “Interest Rate
Agreements” means, with respect to the Company and its Restricted Subsidiaries, interest rate agreements, interest rate cap agreements and interest rate collar agreements and other agreements or arrangements designed to protect such Person
against fluctuations in or manage exposure to interest rates, with respect to any Indebtedness that is permitted to be incurred under this Indenture. 

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

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

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

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

“Investments” means, with respect to any Person, all investments by such Person in other Persons (including Affiliates) in
the forms of loans (including Guarantees of Indebtedness or other obligations), advances or capital contributions (excluding commission, travel and similar advances to officers and employees made in the ordinary course of business), purchases or
other acquisitions for consideration of Indebtedness, Equity Interests or other securities, together with all items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP. If the Company or any Restricted
Subsidiary of the Company sells or otherwise disposes of any Equity Interests of any direct or indirect Restricted Subsidiary of the Company such that, after giving effect to any such sale or disposition, such Person is no longer a Restricted
Subsidiary of the Company, the Company shall be deemed to have made an Investment on the date of any such sale or disposition equal to the Fair Market Value of the Equity Interests of such Restricted Subsidiary not sold or disposed of. 

  
 17 

 “Issue Date” means August 21, 2018. 

“Joint Venture Subsidiaries” means San Mateo Midstream, LLC and its Subsidiaries. 

“Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, encumbrance for security purposes, or security
interest of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other
agreement to sell or give a security interest in any assets and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction. 

“Make Whole Premium” means, with respect to a Security at any time, the excess, if any, of (a) the present value at such
time of (i) the Redemption Price of such Security at September 15, 2021 set forth in the table in Section 3.7(a) plus (ii) any required interest payments due on such Security through September 15, 2021
(except for currently accrued and unpaid interest), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months)
using a discount rate equal to the Treasury Rate plus 50 basis points, over (b) the principal amount of such Security. 

“Midstream Assets” means (i) assets used primarily for gathering, transmission, compression, storage, disposal,
processing, treating, marketing, fractionation, dehydration, stabilization or treatment of natural gas, natural gas liquids, oil or other hydrocarbons, carbon dioxide or water and (ii) Equity Interests of any Person whose assets primarily
consist of assets referred to in clause (i). 
 “Moody’s” means Moody’s Investors Service, Inc. and any successor
to its rating agency business. 
 “Net Cash Proceeds” means, with respect to any issuance or sale of Capital Stock or the
sale or incurrence of any Indebtedness, the cash proceeds of such issuance or sale net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, listing fees, discounts or commissions and brokerage,
consultant and other fees and charges actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result of such issuance or sale. 

“Net Proceeds” means the aggregate cash proceeds received by the Company or any of its Restricted Subsidiaries in respect of
any Asset Sale (including, without limitation, any cash received upon the sale or other disposition of any non-cash consideration received in any Asset Sale), net of, without duplication: 

(1)    the direct costs relating to such Asset Sale, including, without limitation, legal, title, engineering,
environmental, accounting and investment banking fees, and sales commissions, and any relocation expenses incurred as a result thereof; 

(2)    taxes paid or payable as a result thereof; 

(3)    amounts required to be applied to the repayment of Indebtedness secured by a Lien on the asset or assets that were
the subject of such Asset Sale; 

  
 18 

 (4)    any reserve established in accordance with GAAP against
liabilities associated with such Asset Sale or any amount placed in escrow for adjustment in respect of the purchase price of such Asset Sale, until such time as such reserve is reversed or such escrow arrangement is terminated, in which case Net
Proceeds shall be increased by the amount of the reserve so reversed or the amount returned to the Company or its Restricted Subsidiaries from such escrow arrangement, as the case may be; and 

(5)    any distributions and other payments required to be made to minority interest holders in any Restricted
Subsidiaries as a result of such Asset Sale. 
 “Net Working Capital” means (a) all current assets of the Company and
its Restricted Subsidiaries except current assets from Commodity Agreements, less (b) all current liabilities of the Company and its Restricted Subsidiaries, except (i) current liabilities included in Indebtedness, (ii) current
liabilities associated with asset retirement obligations relating to oil and gas properties and (iii) any current liabilities from Commodity Agreements, in each case as set forth in the consolidated financial statements of the Company prepared
in accordance with GAAP (excluding any adjustments made pursuant to FASB ASC 815). 

“Non-Recourse Debt” means Indebtedness: 

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

(2)    no default with respect to which (including any rights that the holders thereof may have to take enforcement action
against an Unrestricted Subsidiary) would permit upon notice, lapse of time or both any holder of any other Indebtedness of the Company or any of its Restricted Subsidiaries to declare a default on such other Indebtedness or cause the payment
thereof to be accelerated or payable prior to its Stated Maturity. 
 “Officer” means, with respect to any Person, the
Chairman of the Board, the Chief Executive Officer, the President, the Chief Financial Officer, any Vice President, the Treasurer, the Controller or the Secretary of such Person. 

“Officers’ Certificate” means a certificate signed on behalf of the Company by two Officers or by an Officer and either
an Assistant Treasurer or an Assistant Secretary of the Company and that complies with Sections 11.4 and 11.5 of this Indenture and is delivered to the Trustee. 

“Oil and Gas Business” means: 

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

(2)    the business of gathering, marketing, distributing, treating, processing, storing, refining, selling, transporting
and disposing any production from such interests or properties and products produced in association therewith (including water) and the marketing of oil, natural gas, other hydrocarbons, minerals and renewable energy; 

  
 19 

 (3)    any other related energy business, directly or indirectly, from
oil, natural gas and other hydrocarbons, minerals and renewable energy produced substantially from properties in which the Company or its Restricted Subsidiaries, directly or indirectly, participate; 

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

(5)    any business or activity relating to, arising from, or necessary, appropriate or incidental to the activities
described in the foregoing clauses (1) through (4) of this definition. 
 “Oil and Gas Liens” means: 

(1)    Liens on any specific property or any interest therein, construction thereon or improvement thereto to secure all
or any part of the costs incurred for surveying, exploration, drilling, extraction, development, operation, production, construction, alteration, repair or improvement of, in, under or on such property and the plugging and abandonment of wells
located thereon (it being understood that, in the case of oil and gas producing properties, or any interest therein, costs incurred for “development” will include costs incurred for all facilities relating to such properties or to
projects, ventures or other arrangements of which such properties form a part or that relate to such properties or interests); 

(2)    Liens on an oil or gas producing property to secure obligations incurred or Guarantees of obligations incurred in
connection with or necessarily incidental to commitments for the purchase or sale of, or the transportation or distribution of, the products derived from such property; 

(3)    Liens arising under partnership agreements, oil and gas leases, overriding royalty agreements, net profits
agreements, production payment agreements, royalty trust agreements, incentive compensation programs on terms that are reasonably customary, in the Oil and Gas Business for geologists, geophysicists and other providers of technical services to the
Company or a Restricted Subsidiary, farm-out agreements, farm-in agreements, division orders, contracts for the sale, purchase, exchange, transportation, gathering or processing of oil, gas or other
hydrocarbons, unitizations and pooling designations, declarations, orders and agreements, development agreements, operating agreements, production sales contracts, area of mutual interest agreements, gas balancing or deferred production agreements,
injection, repressuring and recycling agreements, salt water or other disposal agreements, seismic or geophysical permits or agreements, and other agreements that are customary in the Oil and Gas Business; provided, however, that in
all instances such Liens are limited to the assets that are the subject of the relevant agreement, program, order or contract; 

(4)    Liens securing Production Payments and Reserve Sales; provided that such Liens are limited to the property
that is subject to such Production Payments and Reserve Sales, and such Production Payments and Reserve Sales; and 

(5)    Liens on pipelines or pipeline facilities that arise by operation of law. 

“Oil and Gas Properties” means all properties, including equity or other ownership interest therein, owned by such Person or
any of its Restricted Subsidiaries which contain or are believed to contain Proved Reserves. 

  
 20 

 “Opinion of Counsel” means a written opinion from legal counsel that
complies with Sections 11.4 and 11.5 of this Indenture and is delivered to the Trustee. The counsel may be an employee of or counsel to the Company or the Trustee. 

“Participant” means, with respect to the Depositary, Euroclear or Clearstream, a Person who has an account with the
Depositary, Euroclear or Clearstream, respectively (and, with respect to The Depository Trust Company, shall include Euroclear and Clearstream). 

“Permitted Acquisition Indebtedness” means Indebtedness (including Disqualified Stock) of the Company or any of the
Restricted Subsidiaries to the extent such Indebtedness was Indebtedness: 
 (1)    of an acquired Person prior to the
date on which such Person became a Restricted Subsidiary as a result of having been acquired and not incurred in contemplation of such acquisition; or 

(2)    of a Person that was merged, consolidated or amalgamated with or into the Company or a Restricted Subsidiary that
was not incurred in contemplation of such merger, consolidation or amalgamation, 
 provided that on the date such Person became a Restricted
Subsidiary or the date such Person was merged, consolidated and amalgamated with or into the Company or a Restricted Subsidiary, as applicable, after giving pro forma effect thereto, 

(a)    the Company would be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge
Coverage Ratio test under Section 4.3(a) or 
 (b)    the Fixed Charge Coverage Ratio for the
Company would be not less than the Fixed Charge Coverage Ratio for the Company immediately prior to such transaction. 
 “Permitted
Business Investments” means Investments made in the ordinary course of, and of a nature that is or shall have become customary in, the Oil and Gas Business, including through agreements, transactions, interests or arrangements that permit
one to share risk or costs, comply with regulatory requirements regarding local ownership or satisfy other objectives customarily achieved through the conduct of the Oil and Gas Business jointly with third parties, including without limitation: 

(1)    ownership of oil, natural gas, other related hydrocarbon, water and mineral properties or any interest therein or
gathering, transportation, processing, treating, storage, disposal or related systems; and 
 (2)    the entry into
operating agreements, joint ventures, processing agreements, working interests, royalty interests, mineral leases, farm-in agreements, farm-out agreements, development
agreements, production sharing agreements, area of mutual interest agreements, contracts for the sale, transportation, disposal or exchange of oil and natural gas and related hydrocarbons, water and minerals, unitization agreements, pooling
arrangements, joint bidding agreements, service contracts, partnership agreements (whether general or limited), limited liability company agreements or other similar or customary agreements, transactions, properties, interests or arrangements, and
Investments and expenditures in connection therewith or pursuant thereto, in each case made or entered into in the ordinary course of the Oil and Gas Business, excluding, however, Investments in corporations and publicly-traded limited partnerships.

  
 21 

 “Permitted Holders” means, collectively, (1) Joseph Wm. Foran,
(2) any family member, heir or estate of the foregoing, (3) any trust directly or indirectly controlled by or for the benefit of any of the foregoing, and (4) any other Persons directly or indirectly controlled by any of the
foregoing. 
 “Permitted Investments” means: 

(1)    any Investment in the Company or in a Restricted Subsidiary of the Company; 

(2)    any Investment in Cash Equivalents; 

(3)    any Investment by the Company or any Restricted Subsidiary of the Company in a Person if as a result of such
Investment: 
 (a)    such Person becomes a Restricted Subsidiary of the Company; or 

(b)    such Person is merged, consolidated or amalgamated with or into, or transfers or conveys substantially all of its
assets to, or is liquidated into, the Company or a Restricted Subsidiary of the Company; 
 or any Investment held by such Person at the
time of such transaction, provided such Investment was not made in contemplation of such transaction; 

(4)    any Investment made as a result of the receipt of non-cash consideration
from an Asset Sale (or other disposition excluded from the definition thereof) that was made pursuant to and in compliance with Section 4.7 hereof; 

(5)    any Investment to the extent made in exchange for the issuance of Equity Interests (other than Disqualified Stock)
of the Company; 
 (6)    receivables owing to the Company or any Restricted Subsidiary created or acquired in the
ordinary course of business and payable or dischargeable in accordance with customary trade terms; provided, however, that such trade terms may include such concessionary trade terms as the Company or any such Restricted Subsidiary
deems reasonable under the circumstances; 
 (7)    payroll, travel, relocation and similar advances to officers,
directors and employees to cover matters that are expected at the time of such advances ultimately to be treated as expenses for accounting purposes and that are made in the ordinary course of business; 

(8)    loans or advances to employees made in the ordinary course of business of the Company or such Restricted Subsidiary
made for bona fide business purposes; 
 (9)    Capital Stock, obligations or securities received in settlement of debts
created in the ordinary course of business and owing to the Company or any Restricted Subsidiary or in satisfaction of judgments or pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of a debtor or
received in connection with a work-out or recapitalization of the issuer or as a result of a foreclosure or other transfer of title or perfection or enforcement of any lien with respect to any secured
Investment in default; 

  
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 (10)    Hedging Obligations; 

(11)    Permitted Business Investments and/or Permitted Other Business Investments; 

(12)    Investments in accounts receivable, prepaid expenses, negotiable instruments held for collection and lease,
utility and worker’s compensation, performance and other similar deposits provided to third parties and endorsements for collection or deposit arising in the ordinary course of business; 

(13)    advances, deposits and prepayments for purchases of any assets, including any Equity Interests; 

(14)    any Investment existing on the Issue Date and any Investment that replaces, refinances or refunds an existing
Investment; provided that the new Investment is in an amount that does not exceed the amount replaced, refinanced or refunded, and is made in the same Person as the Investment replaced, refinanced or refunded; 

(15)    Investments arising from agreements of the Company or a Restricted Subsidiary providing for indemnification,
adjustment of purchase price, earn-outs or similar obligations, in each case incurred or assumed in connection with the disposition or acquisition of any business, assets or a Restricted Subsidiary in accordance with this Indenture; and 

(16)    other Investments in any Person having an aggregate Fair Market Value (measured on the date each such Investment
was made and without giving effect to subsequent changes in value), when taken together with all other Investments made pursuant to this clause (16) since the Issue Date, not to exceed the greater of $100.0 million and 5.0% of ACNTA
determined at the time of such Investment; provided, however, that if any Investment pursuant to this clause (16) is made in any Person that is not the Company or a Restricted Subsidiary at the date of the making of such
Investment and such Person becomes the Company or a Restricted Subsidiary after such date, such Investment shall thereafter be deemed to have been made pursuant to clause (1) above and shall cease to have been made pursuant to this clause
(16) for so long as such Person continues to be the Company or a Restricted Subsidiary. 
 In connection with any assets or property
contributed or transferred to any Person as an Investment, such property and assets shall be equal to the Fair Market Value at the time of the Investment, without regard to subsequent changes in value. 

With respect to any Investment, the Company may, in its sole discretion, allocate or re-allocate all
or any portion of any Investment to one or more of the above clauses so that the entire Investment is a Permitted Investment. 

“Permitted Liens” means: 

(1)    Liens on any property or assets of the Company and any Restricted Subsidiary securing Indebtedness and other
obligations under Credit Facilities that were permitted by the terms of this Indenture to be incurred; 

  
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 (2)    Liens in favor of the Company or a Restricted Subsidiary; 

(3)    Liens on any property or assets of a Person existing at the time such Person becomes a Restricted Subsidiary of the
Company or is merged with or into or consolidated with the Company or any Restricted Subsidiary of the Company, provided that such Liens were in existence prior to the contemplation of such Person becoming a Restricted Subsidiary of the
Company or such merger or consolidation and do not extend to any property or assets other than those of the Person that becomes a Restricted Subsidiary of the Company or is merged into or consolidated with the Company or a Restricted Subsidiary of
the Company; 
 (4)    Liens on any property or assets existing at the time of acquisition thereof by the Company or any
Restricted Subsidiary of the Company, provided that such Liens were not incurred in contemplation of such acquisition; 

(5)    Liens to secure the performance of statutory obligations, surety or appeal bonds, performance bonds or other
obligations of a like nature incurred in the ordinary course of business; 
 (6)    Liens existing on the Issue Date;

 (7)    Liens arising from Uniform Commercial Code financing statement filings regarding operating leases entered into
by the Company and its Restricted Subsidiaries in the ordinary course of business; 
 (8)    Liens securing Indebtedness
incurred to refinance Indebtedness that was previously so secured, provided that (i) the amount of such Indebtedness is not increased except as necessary to pay premiums or expenses incurred in connection with such refinancing and
(ii) any such Lien is limited to all or part of the same property or assets (plus improvements, accessions, proceeds or dividends or distributions in respect thereof) that secured (or, under the written arrangements under which the original
Lien arose, could secure) the Indebtedness being refinanced or is in respect of property that is the security for a Permitted Lien hereunder; 

(9)    Liens securing Hedging Obligations of the Company or any of its Restricted Subsidiaries; 

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

(b)    such Liens are created within 180 days of the later of the acquisition, lease, completion of improvements,
construction, repairs or additions or commencement of full operation of the assets or property subject to such Lien and do not encumber any other assets or property of the Company or any Restricted Subsidiary other than such assets or property (plus
improvements, accessions, proceeds, insurance, and dividends or distributions in respect thereof); 

  
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 (11)    any Lien incurred in the ordinary course of business incidental
to the conduct of the business of the Company or any of the Restricted Subsidiaries or the ownership of their property (including (a) easements, rights of way, minor defects and irregularities in title and similar encumbrances, (b) rights
or title of lessors under leases (other than Capital Lease Obligations), (c) rights of collecting banks having rights of setoff, revocation, refund or chargeback with respect to money or instruments of the Company or the Restricted Subsidiaries on
deposit with or in the possession of such banks, (d) Liens imposed by law, including Liens under workers’ compensation or similar legislation and mechanics’, carriers’, warehousemen’s, materialmen’s, suppliers’ and
vendors’ Liens, (e) Liens incurred to secure performance of obligations with respect to statutory or regulatory requirements, performance or return-of-money
bonds, surety bonds or other obligations of a like nature and incurred in a manner consistent with industry practice, (f) Liens on insurance policies and proceeds thereof, or other deposits, to secure insurance premium financing and
(g) Oil and Gas Liens, in each case which are not incurred in connection with the borrowing of money, the obtaining of advances or credit or the payment of the deferred purchase price of property (other than trade accounts payable arising in
the ordinary course of business)); 
 (12)    Liens for taxes, assessments and governmental charges not yet due or the
validity of which are being contested in good faith by appropriate proceedings and for which adequate reserves have been established to the extent required by GAAP as in effect at such time; 

(13)    Liens on the Capital Stock of any Unrestricted Subsidiary to the extent securing Indebtedness of Unrestricted
Subsidiaries; 
 (14)    any extension, renewal, refinancing or replacement, in whole or in part, of any Lien described
in the foregoing clauses so long as (x) no additional collateral is granted as security thereby and (y) the Indebtedness secured by the new Lien is not increased to any amount greater than the sum of (i) the outstanding principal
amount, or, if greater, committed amount, of the Indebtedness renewed, refunded, refinanced, replaced, defeased or discharged with such Indebtedness and (ii) an amount necessary to pay any fees and expenses, including premiums, related to such
renewal, refunding, refinancing, replacement, defeasance or discharge; 
 (15)    Liens created for the benefit of (or
to secure) all of the Securities (including Additional Securities) issued under this Indenture; 
 (16)    Liens on
cash, Cash Equivalents and other property arising in connection with the defeasance, discharge or redemption of Indebtedness; and 

(17)    in addition to the foregoing, Liens securing obligations the outstanding principal amount of which does not, taken
together with the principal amount of all other obligations secured by Liens incurred under this clause (17) that are at that time outstanding, exceed the greater of $100.0 million and 5.0% of ACNTA at the time of incurrence. 

“Permitted MLP Securities” means equity securities (including incentive distribution rights) of a master limited partnership
(or limited liability company or similar business entity with pass-through treatment for U.S. Federal income tax purposes) that has a class of equity securities traded on the New York Stock Exchange, the NYSE AMEX Equities or the Nasdaq Stock Market
(or any successor thereof). 

  
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 “Permitted Other Business Investments” means Investments by the Company or
any of its Restricted Subsidiaries in any Person (including in any Unrestricted Subsidiary or joint venture of the Company), provided that: 
  

	 	(1)	 at the time of such Investment and immediately thereafter, the Company could incur $1.00 of additional
Indebtedness under the Fixed Charge Coverage Ratio test set forth in Section 4.3(a); 

  

	 	(2)	 if such Person has outstanding Indebtedness at the time of such Investment, either (a) all such
Indebtedness is Non-Recourse Debt or (b) any such Indebtedness of such Person that is recourse to the Company or any of its Restricted Subsidiaries (which shall include, without limitation, all
Indebtedness of such Person for which the Company or any of its Restricted Subsidiaries may be directly or indirectly, contingently or otherwise, obligated to pay, whether pursuant to the terms of such Indebtedness, by law or pursuant to any
guarantee, including, without limitation, any “claw-back,” “make-well” or “keep-well” arrangement) could, at the time such Investment is made, be incurred at that time by the Company and its Restricted Subsidiaries
under the Fixed Charge Coverage Ratio test set forth in Section 4.3(a); and 

  

	 	(3)	 such Person is not engaged, in any material respect, in any business other than the Oil and Gas Business.

 “Permitted Refinancing Indebtedness” means any Indebtedness of the Company or any of its Restricted
Subsidiaries issued in exchange for, or the Net Cash Proceeds of which are used to extend, refinance, renew, replace, defease or refund other Indebtedness of the Company or any of its Restricted Subsidiaries (other than intercompany Indebtedness);
provided that: 
 (1)    the principal amount (or accreted value, if applicable) of such Permitted Refinancing
Indebtedness does not exceed the principal amount of, plus premium, if any, and accrued and unpaid interest on the Indebtedness so extended, refinanced, renewed, replaced, defeased or refunded (plus the amount of reasonable expenses incurred in
connection therewith); 
 (2)    the Permitted Refinancing Indebtedness has a final maturity date no earlier than the
earlier of the final maturity date of the Indebtedness being extended, refinanced, renewed, replaced, deferred or refunded or 91 days after the final maturity date of the Securities; 

(3)    the Permitted Refinancing Indebtedness has a Weighted Average Life to Maturity at the time such Permitted
Refinancing Indebtedness is incurred that is equal to or greater than the shorter of (A) the Weighted Average Life to Maturity of the Indebtedness being extended, refinanced, renewed, replaced, deferred or refunded and (B) 91 days after
the Weighted Average Life to Maturity of the Securities; 
 (4)    if the Indebtedness being extended, refinanced,
renewed, replaced, defeased or refunded is subordinated in right of payment to the Securities or a Subsidiary Guarantee, such 

  
 26 

 
Permitted Refinancing Indebtedness is subordinated in right of payment to the Securities or such Subsidiary Guarantee on terms at least as favorable, taken as a whole, to the Holders of
Securities as those contained in the documentation governing the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded; and 

(5)    such Indebtedness is not incurred by a Restricted Subsidiary if the Company is the obligor on the Indebtedness
being extended, refinanced, renewed, replaced, defeased or refunded; provided, however, that a Restricted Subsidiary that is also a Guarantor may Guarantee Permitted Refinancing Indebtedness incurred by the Company, whether or not such
Restricted Subsidiary was an obligor or guarantor of the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded; provided further, however, that if such Permitted Refinancing Indebtedness is
subordinated to the Securities, such Guarantee shall be subordinated to such Restricted Subsidiary’s Subsidiary Guarantee to at least the same extent. 

“Person” means any individual, corporation, partnership, limited liability company, joint venture, association, joint stock
company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

“Private Exchange” means an offer to exchange Private Exchange Securities for either Initial Securities or Additional
Securities in accordance with a Registration Rights Agreement. 
 “Private Exchange Securities” means Exchange Securities
issued in exchange for either Initial Securities or Additional Securities other than pursuant to a Registered Exchange Offer. 

“Private Placement Legend” means the legend set forth in Section 2.6(g)(1) to be placed on all
Securities issued under this Indenture except where otherwise permitted by the provisions of this Indenture. 
 “Production Payment
and Reserve Sales” means the grant or transfer by the Company or a Restricted Subsidiary to any Person of a royalty, overriding royalty, net profits interest or Production Payment in oil and natural gas properties, reserves or the right to
receive all or a portion of the production or the proceeds from the sale of production attributable to such properties where, in the case of each of the foregoing, the holder of such interest has recourse solely to such production or proceeds of
production for the recovery of its investment in such interest, subject to the obligation of the grantor or transferor to operate and maintain, or cause the subject interests to be operated and maintained, in a reasonably prudent manner or other
customary standard and subject to the obligation of the grantor or transferor to indemnify for environmental, title or other matters customary with respect to the foregoing interests. 

“Production Payments” means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments. 

“Proved Reserves” means oil and natural gas reserves constituting “proved oil and gas reserves” as defined in Rule 4-10 of Regulation S-X of the Securities Act. For the avoidance of doubt, “proved oil and gas reserves” shall include any reserves attributable to natural gas
liquids. 
 “QIB” means any “qualified institutional buyer” (as defined in Rule 144A). 

  
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 “Rating Agencies” means Moody’s and S&P or if Moody’s or
S&P or both shall not make a rating of the Securities publicly available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Company, which shall be substituted for Moody’s or S&P or both,
as the case may be. 
 “Ratings Decline Period” means the period that (i) begins on the occurrence of a Change of
Control and (ii) ends 90 days following consummation of such Change of Control. 
 “Redemption Date,” when used with
respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant to this Indenture. 
 “Redemption
Price,” when used with respect to any Security to be redeemed, means the price at which it is to be redeemed pursuant to this Indenture. 

“Registered Exchange Offer” means an offer to exchange Exchange Securities for either Initial Securities or Additional
Securities pursuant to an Exchange Offer Registration Statement as required by a Registration Rights Agreement. 
 “Registration
Rights Agreement” means, with respect to the Initial Securities, the Registration Rights Agreement, dated as of the Issue Date, among the Company, the Guarantors and the Initial Purchasers, or any similar registration rights agreement with
respect to Additional Securities. 
 “Regulation S” means Regulation S promulgated under the Securities Act. 

“Regulation S Global Security” means a permanent Global Security substantially in the form of Exhibit A hereto bearing
the Global Security Legend and the Private Placement Legend, that has the “Schedule of Exchanges of Interests in the Global Security” attached thereto, and that is deposited with or on behalf of, and registered in the name of, the
Depositary or its nominee, issued in a denomination equal to the outstanding principal amount of the Securities initially sold in reliance on Regulation S. 

“Reporting Default” means a Default described in clause (4) of Section 6.1 hereof. 

“Resale Restriction Termination Date” means (i) in the case of Securities initially sold in reliance on Rule 144A, the
date that is one year after the later of the Issue Date (or the date of original issue of any Additional Notes) and the last date on which the Company or any Affiliate of the Company was the owner of such Securities (or any predecessor Securities)
or (ii) in the case of Securities initially sold in reliance on Regulation S, 40 days after the later of the Issue Date (or the date of original issue of any Additional Notes) and the date on which Securities (or any predecessor Securities)
were first offered to persons other than distributors (as defined in Rule 902 of Regulation S) in reliance on Regulation S. 

“Restricted Definitive Security” means a Definitive Security bearing the Private Placement Legend. 

“Restricted Global Security” means a Global Security bearing the Private Placement Legend (including the Regulation S Global
Security). 
 “Restricted Period” means the 40-day distribution compliance period
as defined in Regulation S. 

  
 28 

 “Restricted Security” means either a Restricted Definitive Security or a
Restricted Global Security. 
 “Restricted Subsidiary” of a Person means any Subsidiary of the referenced Person that is
not an Unrestricted Subsidiary. 
 “Rule 144” means Rule 144 promulgated under the Securities Act. 

“Rule 144A” means Rule 144A promulgated under the Securities Act. 

“Rule 904” means Rule 904 promulgated under the Securities Act. 

“S&P” means S&P Global Ratings, a division of S&P Global Inc., and any successor to its rating agency business.

 “SEC” means the U.S. Securities and Exchange Commission. 

“Securities” means securities issued under this Indenture. The Initial Securities, the Exchange Securities and the Additional
Securities shall be treated as a single class for all purposes under this Indenture, including waivers, amendments, redemptions and offers to purchase, and unless otherwise provided or the context otherwise requires, all references to the Securities
shall include the Initial Securities, the Exchange Securities and the Additional Securities. 
 “Securities Act” means the
Securities Act of 1933 and any successor statute thereto, in each case as amended from time to time. 
 “Securities
Custodian” means the custodian with respect to a Global Security (as appointed by the Depositary) or any successor Person, and shall initially be the initial Registrar. 

“Shelf Registration Statement” means a registration statement of the Company used by a Holder in connection with its offer
and sale of Securities pursuant to a Registration Rights Agreement. 
 “Significant Subsidiary” means any Subsidiary that
would be a “significant subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such Regulation is in
effect on the Issue Date. 
 “Stated Maturity” means, with respect to any installment of interest or principal on any
series of Indebtedness, the date on which such payment of interest or principal was scheduled to be paid in the documentation governing such Indebtedness, and shall not include any contingent obligations to repay, redeem or repurchase any such
interest or principal prior to the date originally scheduled for the payment thereof. 
 “Subordinated Indebtedness” means
Indebtedness of the Company (or a Guarantor) that is expressly subordinated or junior in right of payment to the Securities (or a Subsidiary Guarantee, as appropriate) pursuant to a written agreement to that effect. 

  
 29 

 “Subsidiary” means any subsidiary of the Company. A “subsidiary”
of any Person means: 
 (1)    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; or 

(2)    a partnership, joint venture, limited liability company or similar entity, in which such Person or a subsidiary of
such Person is, at the date of determination, either entitled to receive more than 50 percent of the assets of such entity upon its dissolution, or in the case of a limited partnership or limited liability company, is the controlling general
partner or managing or controlling member, as applicable. 
 “Subsidiary Guarantee” means a Guarantee by a Guarantor of the
Company’s obligations pursuant to Article X hereof. 
 “Treasury Rate” means the yield to maturity at the time of
computation of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15(519) which has become publicly available at least two Business Days prior to the date
fixed for redemption (or, if such Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the Redemption Date to September 15, 2021; provided, however, that
if such period is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Company shall obtain the Treasury Rate by linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the Redemption Date to September 15, 2021 is less than
one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used. The Company will (a) calculate the Treasury Rate on the second Business Day preceding the
applicable Redemption Date and (b) prior to such Redemption Date file with the Trustee an Officers’ Certificate setting forth the Make Whole Premium and the Treasury Rate and showing the calculation of each in reasonable detail. 

“Trustee” means the Person named as the “Trustee” in the first paragraph of this Indenture until a successor
Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder. 

“Trust Indenture Act” or “TIA” means the Trust Indenture Act of 1939 as in force at the Issue Date, except
as provided in Section 9.3; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” or “TIA” means, to the extent required by any
such amendment, the Trust Indenture Act of 1939 as so amended. 
 “Trust Officer” means any officer within the corporate
trust department of the Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the
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. 
 “Unrestricted Definitive Security” means one or more Definitive Securities that do not
bear and are not required to bear the Private Placement Legend. 

  
 30 

 “Unrestricted Global Security” means a permanent Global Security
substantially in the form of Exhibit A attached hereto that bears the Global Security Legend and that has the “Schedule of Exchanges of Interests in the Global Security” attached thereto, and that is deposited with or on behalf of
and registered in the name of the Depositary, representing a series of Securities that do not bear the Private Placement Legend. 

“Unrestricted Security” means either an Unrestricted Definitive Security or an Unrestricted Global Security. 

“Unrestricted Subsidiary” means any of (i) the Joint Venture Subsidiaries and (ii) any Subsidiary of the Company
that is designated by the Board of Directors as an Unrestricted Subsidiary pursuant to a Board Resolution, but only to the extent that such Subsidiary: 

(1)    has no Indebtedness other than Non-Recourse Debt, except as permitted under
clause (2)(b) of the definition of “Permitted Other Business Investments”; and 
 (2)    is not party to any
agreement, contract, arrangement or understanding with the Company or any Restricted Subsidiary of the Company unless the terms of any such agreement, contract, arrangement or understanding are no less favorable to the Company or such Restricted
Subsidiary than those that might be obtained at the time from Persons who are not Affiliates of the Company, except as permitted under Section 4.8. 

The Board of Directors may designate any Restricted Subsidiary to be an Unrestricted Subsidiary if that designation is in compliance with the
next succeeding sentence and would not otherwise cause a Default. If a Restricted Subsidiary is designated as an Unrestricted Subsidiary, such designation shall be deemed an Investment in the Subsidiary so designated and all outstanding Investments
owned by the Company and its Restricted Subsidiaries in the Subsidiary so designated, shall be valued at their Fair Market Value at the time of such designation for purposes of determining compliance with Section 4.4
hereof; provided, however, that such covenant need not be complied with if the Subsidiary to be so designated has total assets of $1,000 or less. That designation will only be permitted if the amount of such Investment is either permitted as
a Restricted Payment under Section 4.4 hereof or a Permitted Investment at that time and if such Restricted Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. 

Any designation of a Subsidiary of the Company as an Unrestricted Subsidiary shall be evidenced to the Trustee by filing with the Trustee a
copy of the Board Resolution giving effect to such designation certified in an Officers’ Certificate that also certifies that such designation complied with the preceding conditions and was permitted by Section 4.4, in
which case such designation shall be effective as of the date specified in such resolution. If, at any time, any Unrestricted Subsidiary would fail to meet the preceding requirements as an Unrestricted Subsidiary, it shall thereafter cease to be an
Unrestricted Subsidiary for purposes of this Indenture and any Indebtedness of such Subsidiary shall be deemed to be incurred by a Restricted Subsidiary of the Company as of such date and, if such Indebtedness is not permitted to be incurred as of
such date under Section 4.3 hereof, the Company shall be in default of such covenant. 
 The Board of Directors of
the Company may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that such designation shall be deemed to be an incurrence of Indebtedness by a Restricted Subsidiary of the Company of any outstanding
Indebtedness of such Unrestricted Subsidiary and such designation shall only be 

  
 31 

 
permitted if (1) such Indebtedness is permitted under Section 4.3 hereof, calculated on a pro forma basis as if such designation had occurred at the beginning of
the four-quarter reference period; and (2) no Default or Event of Default would be in existence following such designation. 
 All
Subsidiaries of an Unrestricted Subsidiary shall also be Unrestricted Subsidiaries. 
 “U.S. Person” means any U.S. person
as defined for purposes of Regulation S. 
 “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” of any Person as of any date means the Capital Stock of such Person that is at the time entitled (without reference to the occurrence of any contingency) to vote in the election of the directors, managers or trustees of such Person.

 “Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by
dividing: 
 (1)    the sum of the products obtained by multiplying (a) the amount of each then remaining
installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by (b) the number of years (calculated to the nearest
one-twelfth) that will elapse between such date and the making of such payment; by 

(2)    the then outstanding principal amount of such Indebtedness. 

 

	Section 1.2	 Other Definitions 

 

			
	 “Act”
	  	Section 11.16
	 “Affiliate Transaction”
	  	Section 4.8(a)
	 “Alternate Offer”
	  	Section 4.11(g)
	 “Asset Sale Offer”
	  	Section 4.7(c)
	 “Asset Sale Payment”
	  	Section 4.7(c)
	 “Asset Sale Payment Date”
	  	Section 4.7(d)
	 “Authenticating Agent”
	  	Section 2.2
	 “Calculation Date”
	  	Section 1.1(“Fixed Charge Coverage Ratio”)
	 “Change of Control Offer”
	  	Section 4.11(a)
	 “Change of Control Payment”
	  	Section 4.11(a)
	 “Change of Control Payment Date”
	  	Section 4.11(a)
	 “covenant defeasance option”
	  	Section 8.1(b)
	 “Defaulted Interest”
	  	Section 2.11
	 “Event of Default”
	  	Section 6.1
	 “Excess Proceeds”
	  	Section 4.7(c)
	 “incur”
	  	Section 4.3(a)
	 “Initial Securities”
	  	Preamble
	 “legal defeasance option”
	  	Section 8.1(b)
	 “Legal Holiday”
	  	Section 11.7
	 “Make Whole Deficit”
	  	Section 8.2
	 “Obligations”
	  	Section 10.1

  
 32 

			
	 “Paying Agent”
	  	Section 2.3
	 “Payment Default”
	  	Section 6.1(6)(A)
	 “Permitted Consideration”
	  	Section 4.7(a)
	 “Permitted Indebtedness”
	  	Section 4.3(b)
	 “Registrar”
	  	Section 2.3
	 “Restricted Payment”
	  	Section 4.4(a)
	 “Termination Date”
	  	Section 4.19

  

	Section 1.3	 Incorporation by Reference of Trust Indenture Act 

This Indenture is subject to the mandatory provisions of the Trust Indenture Act which are incorporated by reference in and made a part of this
Indenture. The following Trust Indenture Act terms have the following meanings: 
 “Commission” means the SEC; 

“indenture securities” means the Securities and the Subsidiary Guarantees; 

“indenture security holder” means a Holder; 

“indenture to be qualified” means this Indenture; 

“indenture trustee” or “institutional trustee” means the Trustee; and 

“obligor” on the indenture securities means the Company and any other obligor (including any Guarantor) on the indenture
securities. 
 All other Trust Indenture Act terms used in this Indenture that are defined by the Trust Indenture Act, defined by the Trust
Indenture Act by reference to another statute or defined by an SEC rule have the meanings assigned to them by such definitions. 
  

	Section 1.4	 Rules of Construction 

Unless the context otherwise requires: 

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

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

(3)    “or” is not exclusive; 

(4)    “including” means including without limitation; 

(5)    words in the singular include the plural and words in the plural include the singular; 

(6)    unless otherwise indicated, all references to “Articles” or “Sections” are to Articles or
Sections, as the case may be, of this Indenture; 

  
 33 

 (7)    references to sections of or rules under the Exchange Act or the
Securities Act shall be deemed to include substitute, replacement or successor sections or rules adopted by the SEC from time to time; 

(8)    references to any sections or rules of the Accounting Standards Codification shall be deemed to include successor
sections or rules adopted by the Financial Accounting Standards Board (or any successor thereto); and 

(9)    “herein,” “hereof” and other words of similar import refer to this Indenture as a whole (as
amended or supplemented from time to time) and not to any particular Article, Section or other subdivision. 
 ARTICLE II 

THE SECURITIES 
  

	Section 2.1	 Form and Dating 

(a)    General. The Securities and the Trustee’s certificate of authentication shall be substantially in the
form of Exhibit A hereto. The notation of Subsidiary Guarantee shall be substantially in the form of Exhibit D hereto, and shall be notated on the Securities. The Securities may have notations, legends or endorsements required by law,
stock exchange rule or usage. Each Security shall be dated the date of its authentication. The Securities shall be in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. The terms and provisions contained in the
Securities shall constitute, and are hereby expressly made, a part of this Indenture and the Company, the Guarantors and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound
thereby. However, to the extent any provision of any Security or any Guarantee conflicts with the express provisions of this Indenture, the provisions of this Indenture (to the extent permitted by law) shall govern and be controlling. 

(b)    Global Securities. The Securities issued in global form shall be substantially in the form of Exhibit
A attached hereto (including the Global Security Legend thereon and the “Schedule of Exchanges of Interests in the Global Security” attached thereto). The Securities issued in definitive form shall be substantially in the form of
Exhibit A attached hereto (but without the Global Security Legend thereon and without the “Schedule of Exchanges of Interests in the Global Security” attached thereto). Each Global Security shall represent the amount of outstanding
Securities specified therein, and each Global Security shall provide that it shall represent the aggregate principal amount of outstanding Securities from time to time endorsed thereon and that the aggregate principal amount of outstanding
Securities represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. Any endorsement of a Global Security to reflect the amount of any increase or decrease in the aggregate principal
amount of outstanding Securities represented thereby shall be made by the Trustee or the Securities Custodian, at the direction of the Trustee, in accordance with the instructions given by the Holder thereof as required by
Section 2.6 hereof. 
 (c)    Regulation S Global Securities. Any Securities offered
and sold in reliance on Regulation S shall be issued initially in the form of a Regulation S Global Security, which shall be deposited on behalf of the purchasers of the Securities represented thereby with the Securities Custodian, and registered in
the name of the Depositary or the nominee of the Depositary for the accounts of designated agents holding on behalf of Euroclear or 

  
 34 

 
Clearstream, duly executed by the Company and authenticated by the Trustee as hereinafter provided. Prior to the expiration of the Restricted Period, any resale or transfer of beneficial
interests in a Regulation S Global Security to U.S. Persons shall not be permitted unless such resale or transfer is made pursuant to Rule 144A or Regulation S. 

(d)    144A Global Securities. Any Securities offered and sold in reliance on Rule 144A shall be issued initially
in the form of a 144A Global Security, which shall be deposited on behalf of the purchasers of the Securities represented thereby with the Securities Custodian, and registered in the name of the Depositary or the nominee of the Depositary, duly
executed by the Company and authenticated by the Trustee as hereinafter provided. 
 (e)    Definitive
Securities. Notwithstanding any other provision of this Section 2.1, any issuance of Definitive Securities shall be at the Company’s discretion, except in the circumstances set forth in
Section 2.6(a) hereof. 
  

	Section 2.2	 Execution and Authentication 

An Officer shall sign the Securities for the Company by manual, facsimile or electronically transmitted signature. One Officer shall sign each
notation of Subsidiary Guarantee for each Guarantor by manual, facsimile or electronically transmitted signature. 
 If an Officer whose
signature is on a Security no longer holds that office at the time the Trustee authenticates the Security, the Security shall be valid nevertheless. 

A Security shall not be valid until an authorized signatory of the Trustee manually authenticates the Security. The signature of the Trustee
on a Security shall be conclusive evidence that such Security has been duly and validly authenticated and issued under this Indenture. 

The Trustee shall authenticate and deliver: (i) Initial Securities for original issue in an aggregate principal amount of $750,000,000 on
the Issue Date, (ii) if and when issued, Additional Securities (which may be issued in either a registered or a private offering under the Securities Act) and (iii) Exchange Securities for issue only in an exchange offer pursuant to a
Registration Rights Agreement, and only in exchange for Initial Securities or Additional Securities of an equal principal amount, in each case upon a written order of the Company signed by an Officer of the Company. Such order shall specify the
amount of the Securities to be authenticated and the date on which the original issue of Securities is to be authenticated and whether the Securities are to be in global or definitive form and whether they are to bear the Private Placement Legend.
The Company may issue Additional Securities under this Indenture subsequent to the Issue Date, subject to Section 4.3 of this Indenture. 

The Trustee may appoint an agent (the “Authenticating Agent”) reasonably acceptable to the Company to authenticate the
Securities. Unless limited by the terms of such appointment, any such 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. 
  

	Section 2.3	 Registrar and Paying Agent 

The Company shall at all times maintain in the continental United States an office or agency where Securities may be presented for registration
of transfer or for exchange (the 

  
 35 

 
“Registrar”), and an office or agency where Securities may be presented for payment (the “Paying Agent”). The Registrar shall keep a register of the Securities
and of their transfer and exchange. The Company may have one or more co-registrars and one or more additional paying agents. The term “Registrar” includes any
co-registrar, and the term “Paying Agent” includes any such additional paying agent. 

The Company or any of its Subsidiaries may act as Paying Agent, subject to the provisions of this Section 2.3 and
Section 4.14. Any Paying Agent or Registrar may resign as such upon 30 days’ prior written notice to the Company and the Trustee; upon resignation of any Paying Agent or Registrar, the Company shall appoint a successor
Paying Agent or Registrar, as the case may be, complying with the requirements of this Section 2.3, no later than 30 days thereafter and shall provide notice to the Trustee of such successor Paying Agent or Registrar. 

If at any time there shall be Securities outstanding that are not Global Securities and there shall be no Paying Agent with an office or
agency in the City of New York, State of New York, where the Securities may be presented or surrendered for payment, the Company shall forthwith designate such a Paying Agent in order that the Securities shall at all times be payable in the City of
New York, the State of New York. The Company initially appoints the Trustee to act as Depositary Custodian with respect to the Global Securities. The Trustee and each Agent are hereby authorized to act in accordance with Applicable Procedures with
respect to any Global Security. 
 The Company initially appoints the Trustee as Registrar and Paying Agent for the Securities. 

The immunities, protections and exculpations available to the Trustee under this Indenture shall also be available to each Agent, and the
Company’s obligations under Section 7.7 to compensate and indemnify the Trustee shall extend likewise to each Agent. 
  

	Section 2.4	 Paying Agent to Hold Money in Trust 

By at least 11:00 a.m. (New York City time) on the date on which any principal, premium, if any, or interest on any Security is due and
payable, the Company shall deposit with the Paying Agent in immediately available funds a sum sufficient to pay such principal, premium, if any, and interest when due. The Company shall require each Paying Agent (other than the Trustee) to agree in
writing that such Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by such Paying Agent for the payment of principal, premium, if any, and interest (if any) on the Securities 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, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The Company at any time may require a Paying
Agent (other than the Trustee) to pay all money held by it to the Trustee and to account for any funds disbursed by such Paying Agent. Upon complying with this Section 2.4, the Paying Agent (if other than the Company or a
Subsidiary) shall have no further liability for the money delivered to the Trustee. 
  

	Section 2.5	 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. If the Trustee is not the 

  
 36 

 
Registrar, the Company shall furnish to the Trustee, in writing at least seven 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. 
  

	Section 2.6	 Transfer and Exchange 

(a)    Transfer and Exchange of Global Securities. A Global Security may not be transferred as a whole except by the
Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. Owners
of beneficial interests in Global Securities shall not be entitled to receive Definitive Securities unless: 

(1)    the Company delivers to the Trustee and the Registrar notice from the Depositary that it is unwilling or unable to
continue to act as Depositary or that it is no longer a clearing agency registered under the Exchange Act and, in either case, a successor Depositary is not appointed by the Company within 90 days; or 

(2)    there has occurred and is continuing an Event of Default and the Depositary notifies the Trustee and the Registrar
of its decision to exchange the Global Securities for Definitive Securities; provided that in no event shall the Regulation S Global Security be exchanged by the Company for Definitive Securities prior to the expiration of the Restricted
Period. 
 Upon the occurrence of either of the preceding events in (1) or (2) above, Definitive Securities shall be issued in such
names as the Depositary shall instruct the Trustee and the Registrar. Global Securities also may be exchanged or replaced, in whole or in part, as provided in Section 2.7 hereof. Every Security authenticated and delivered
in exchange for, or in lieu of, a Global Security or any portion thereof, pursuant to this Section 2.6 or Section 2.7 hereof, shall be authenticated and delivered in the form of, and shall be, a
Global Security. A Global Security may not be exchanged for another Security other than as provided in this Section 2.6(a); however, beneficial interests in a Global Security may be transferred and exchanged as provided in
Section 2.6(b), (c) or (f) hereof. 
 (b)    Transfer and Exchange of
Beneficial Interests in the Global Securities. The transfer and exchange of beneficial interests in the Global Securities shall be effected through the Depositary, in accordance with the provisions of this Indenture and the Applicable
Procedures. Beneficial interests in the Restricted Global Securities shall be subject to restrictions on transfer comparable to those set forth herein, including those set forth in the Private Placement Legend, to the extent required by the
Securities Act. Transfers of beneficial interests in the Global Securities also shall require compliance with either subparagraph (1) or (2) below, as applicable, as well as one or more of the other following provisions of this
Section 2.6, as applicable: 
 (1)    Transfer of Beneficial Interests in the Same Global
Security. Beneficial interests in any Restricted Global Security may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Security in accordance with the transfer restrictions set
forth in the Private Placement Legend; provided, however, that prior to the expiration of the Restricted Period, (A) transfers of beneficial interests in the Regulation S Global Security may not be to a U.S. Person or for the account

  
 37 

 
or benefit of a U.S. Person (other than an Initial Purchaser) and (B) such beneficial interests may be held only through Euroclear or Clearstream (as Indirect Participants in the
Depositary). Beneficial interests in such Unrestricted Global Security may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Security. No written orders or instructions shall be
required to be delivered to the Registrar to effect the transfers described in the preceding sentence of this Section 2.6(b)(1). 

(2)    All Other Transfers and Exchanges of Beneficial Interests in Global Securities. In connection with all
transfers and exchanges of beneficial interests that are not subject to Section 2.6(b)(1) above, the transferor of such beneficial interest must deliver to the Registrar either: 

(A)       (i) a written order from a Participant or an Indirect Participant given to the
Depositary in accordance with the Applicable Procedures directing the Depositary to credit or cause to be credited a beneficial interest in another Global Security in an amount equal to the beneficial interest to be transferred or exchanged; and

 (ii)    instructions given in accordance with the Applicable Procedures containing information
regarding the Participant account to be credited with such increase; or 
 (B)       (i) a
written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures directing the Depositary to cause to be issued a Definitive Security in an amount equal to the beneficial interest to be
transferred or exchanged; and 
 (ii)    instructions given by the Depositary to the Registrar
containing information regarding the Person in whose name such Definitive Security shall be registered to effect the transfer or exchange referred to in Section 2.6(b)(2)(B)(i) above; provided that in no event shall
Definitive Securities be issued upon the transfer or exchange of beneficial interests in the Regulation S Global Security prior to the expiration of the Restricted Period. 

Upon consummation of a Registered Exchange Offer by the Company in accordance with Section 2.6(f) hereof, the
requirements of this Section 2.6(b)(2) shall be deemed to have been satisfied upon receipt by the Registrar of the instructions contained in the Letter of Transmittal delivered by the Holder of such beneficial interests in
the Restricted Global Securities. Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Securities contained in this Indenture, the Securities or otherwise applicable under the Securities Act, the
principal amount of the relevant Global Security(s) shall be adjusted pursuant to Section 2.6(h) hereof. 

(3)    Transfer of Beneficial Interests to Another Restricted Global Security. A beneficial interest in any
Restricted Global Security may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Security if the transfer complies with the requirements of
Section 2.6(b)(2) above and the Registrar receives the following: 
 (A)    if
the transferee will take delivery in the form of a beneficial interest in the 144A Global Security, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof; and

  
 38 

 (B)    if the transferee will take delivery in the form
of a beneficial interest in the Regulation S Global Security, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof, and if such transfer occurs prior to the
expiration of the Restricted Period, then the transferee must hold such beneficial interest through either Euroclear or Clearstream (as Indirect Participants in the Depositary). 

(4)    Transfer and Exchange of Beneficial Interests in a Restricted Global Security for Beneficial Interests in the
Unrestricted Global Security. A beneficial interest in any Restricted Global Security may be exchanged by any holder thereof for a beneficial interest in an Unrestricted Global Security or transferred to a Person who takes delivery thereof in
the form of a beneficial interest in an Unrestricted Global Security if the exchange or transfer complies with the requirements of Section 2.6(b)(2) above and: 

(A)    such exchange or transfer is effected pursuant to a Registered Exchange Offer in accordance with the
applicable Registration Rights Agreement and the holder of the beneficial interest to be transferred, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the applicable Letter of Transmittal (or via the
Depositary’s book-entry system) that it is not (i) a broker-dealer, (ii) a Person participating in the distribution of the Exchange Securities or (iii) a Person who is an affiliate (as defined in Rule 144) of the Company; 

(B)    such transfer is effected pursuant to a Shelf Registration Statement in accordance with the
applicable Registration Rights Agreement; 
 (C)    such transfer is effected by an Exchanging Dealer
pursuant to an Exchange Offer Registration Statement in accordance with the applicable Registration Rights Agreement; or 

(D)    the Registrar receives the following: 

(i)    if the holder of such beneficial interest in a Restricted Global Security proposes to exchange such
beneficial interest for a beneficial interest in an Unrestricted Global Security, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (1)(a) thereof; or 

(ii)    if the holder of such beneficial interest in a Restricted Global Security proposes to transfer
such beneficial interest to a Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Security, a certificate from such holder in the form of Exhibit B hereto, including the certifications in item
(4) thereof; 
 and, in each such case set forth in this subparagraph (D), if the Registrar so requests or if the Applicable Procedures so require, an
Opinion of Counsel in form reasonably acceptable to 

  
 39 

 
the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and state “blue sky” laws and that the restrictions on transfer contained herein and
in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 
 If any such transfer is
effected pursuant to subparagraph (B) or (D) above at a time when an Unrestricted Global Security has not yet been issued, the Company shall issue and, upon receipt of a written order in accordance with Section 2.2
hereof, the Trustee shall authenticate one or more Unrestricted Global Securities in an aggregate principal amount equal to the aggregate principal amount of beneficial interests transferred pursuant to subparagraph (B) or (D) above. 

Beneficial interests in an Unrestricted Global Security cannot be exchanged for, or transferred to Persons who take delivery thereof in the
form of, a beneficial interest in a Restricted Global Security. 
 (c)    Transfer or Exchange of Beneficial
Interests for Definitive Securities. 
 (1)    Beneficial Interests in Restricted Global Securities to Restricted
Definitive Securities. If, in accordance with Section 2.6(a), any holder of a beneficial interest in a Restricted Global Security proposes to exchange such beneficial interest for a Restricted Definitive Security or to
transfer such beneficial interest to a Person who takes delivery thereof in the form of a Restricted Definitive Security, then, upon receipt by the Registrar of the following documentation: 

(A)    if the holder of such beneficial interest in a Restricted Global Security proposes to exchange such
beneficial interest for a Restricted Definitive Security, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (2)(a) thereof; 

(B)     if such beneficial interest is being transferred to a QIB in accordance with Rule 144A, a
certificate to the effect set forth in Exhibit B hereto, including the certifications in item (1) thereof; or 

(C)    if such beneficial interest is being transferred to a non-U.S. Person in an offshore transaction in
accordance with Rule 904, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (2) thereof, 
 the
Registrar shall cause the aggregate principal amount of the applicable Global Security to be reduced accordingly pursuant to Section 2.6(h) hereof, and the Company shall execute and the Trustee shall authenticate and
deliver to the Person designated in the instructions a Definitive Security in the appropriate principal amount. Any Definitive Security issued in exchange for a beneficial interest in a Restricted Global Security pursuant to this
Section 2.6(c) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from the Depositary
and the Participant or Indirect Participant. The Trustee shall deliver such Definitive Securities to the Persons in whose names such Securities are so registered. Any Definitive Security issued in exchange for a beneficial interest in a Restricted
Global Security pursuant to this Section 2.6(c)(1) shall bear the Private Placement Legend and shall be subject to all restrictions on transfer contained therein. Notwithstanding Sections 2.6(c)(1)(A) and
(C)

  
 40 

 
hereof, a beneficial interest in the Regulation S Global Security may not be exchanged for a Definitive Security or transferred to a Person who takes delivery thereof in the form of a Definitive
Security prior to the expiration of the Restricted Period, except in the case of a transfer pursuant to an exemption from the registration requirements of the Securities Act other than Rule 903 or Rule 904. 

(2)    Beneficial Interests in Restricted Global Securities to Unrestricted Definitive Securities. A holder
of a beneficial interest in a Restricted Global Security may exchange such beneficial interest for an Unrestricted Definitive Security or may transfer such beneficial interest to a Person who takes delivery thereof in the form of an Unrestricted
Definitive Security, in each case only pursuant to Section 2.6(a) and only if: 

(A)    such exchange or transfer is effected pursuant to a Registered Exchange Offer in accordance with the
applicable Registration Rights Agreement and the holder of such beneficial interest, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the applicable Letter of Transmittal (or via the Depositary’s book-entry
system) that it is not (i) a broker-dealer, (ii) a Person participating in the distribution of the Exchange Securities or (iii) a Person who is an affiliate (as defined in Rule 144) of the Company; 

(B)    such transfer is effected pursuant to a Shelf Registration Statement in accordance with the
applicable Registration Rights Agreement; 
 (C)    such transfer is effected by an Exchanging Dealer
pursuant to an Exchange Offer Registration Statement in accordance with the applicable Registration Rights Agreement; or 

(D)    the Registrar receives the following: 

(i)    if the holder of such beneficial interest in a Restricted Global Security proposes to exchange such
beneficial interest for an Unrestricted Definitive Security, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (1)(b) thereof; or 

(ii)    if the holder of such beneficial interest in a Restricted Global Security proposes to transfer
such beneficial interest to a Person who shall take delivery thereof in the form of an Unrestricted Definitive Security, a certificate from such holder in the form of Exhibit B hereto, including the certifications in item (4) thereof;

 and, in each such case set forth in this subparagraph (D), if the Registrar so requests or if the Applicable Procedures so require, an Opinion of Counsel
in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and state “blue sky” laws and that the restrictions on transfer contained herein and in the Private
Placement Legend are no longer required in order to maintain compliance with the Securities Act. 
 (3)    Beneficial
Interests in Unrestricted Global Securities to Unrestricted Definitive Securities. If any holder of a beneficial interest in an Unrestricted Global Security 

  
 41 

 
proposes to exchange such beneficial interest for a Definitive Security or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Security, then,
upon satisfaction of the conditions set forth in Section 2.6(b)(2) hereof, the Registrar shall cause the aggregate principal amount of the applicable Global Security to be reduced accordingly pursuant to
Section 2.6(h) hereof, and the Company shall execute and the Trustee shall authenticate and deliver to the Person designated in the instructions a Definitive Security in the appropriate principal amount. Any Definitive
Security issued in exchange for a beneficial interest pursuant to this Section 2.6(c)(3) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial
interest shall instruct the Registrar through instructions from the Depositary and the Participant or Indirect Participant. The Trustee shall deliver such Definitive Securities to the Persons in whose names such Securities are so registered. Any
Definitive Security issued in exchange for a beneficial interest pursuant to this Section 2.6(c)(3) shall not bear the Private Placement Legend. 

(d)    Transfer and Exchange of Definitive Securities for Beneficial Interests. 

(1)    Restricted Definitive Securities to Beneficial Interests in Restricted Global Securities. If any Holder of a
Restricted Definitive Security proposes to exchange such Security for a beneficial interest in a Restricted Global Security or to transfer such Restricted Definitive Security to a Person who takes delivery thereof in the form of a beneficial
interest in a Restricted Global Security, then, upon receipt by the Registrar of the following documentation: 

(A)    if the Holder of such Restricted Definitive Security proposes to exchange such Security for a
beneficial interest in a Restricted Global Security, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (2)(b) thereof; 

(B)    if such Restricted Definitive Security is being transferred to a QIB in accordance with Rule 144A, a
certificate to the effect set forth in Exhibit B hereto, including the certifications in item (1) thereof; or 

(C)    if such Restricted Definitive Security is being transferred to a non-U.S. Person in an offshore
transaction in accordance with Rule 904, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (2) thereof, 

the Trustee shall cancel the Restricted Definitive Security, the Registrar shall increase or cause to be increased the aggregate principal amount of, in the
case of clause (A) above, the appropriate Restricted Global Security, in the case of clause (B) above, the 144A Global Security, and in the case of clause (C) above, the Regulation S Global Security. Notwithstanding the foregoing, if
there are no Global Securities outstanding prior to any such transfer, Definitive Securities may be transferred for beneficial interests in a Global Security only if the Company so agrees. 

(2)    Restricted Definitive Securities to Beneficial Interests in Unrestricted Global Securities. A Holder of a
Restricted Definitive Security may exchange such Security for a beneficial interest in an Unrestricted Global Security or transfer such Restricted 

  
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Definitive Security to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Security only if: 

(A)    such exchange or transfer is effected pursuant to a Registered Exchange Offer in accordance with
applicable Registration Rights Agreement and the Holder, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the applicable Letter of Transmittal (or via the Depositary’s book-entry system) that it is not
(1) a broker-dealer, (2) a Person participating in the distribution of the Exchange Securities or (3) a Person who is an affiliate (as defined in Rule 144) of the Company; 

(B)    such transfer is effected pursuant to a Shelf Registration Statement in accordance with the
applicable Registration Rights Agreement; 
 (C)    such transfer is effected by an Exchanging Dealer
pursuant to an Exchange Offer Registration Statement in accordance with the applicable Registration Rights Agreement; or 

(D)    the Registrar receives the following: 

(i)    if the Holder of such Definitive Securities proposes to exchange such Securities for a beneficial
interest in the Unrestricted Global Security, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(c) thereof; or 

(ii)    if the Holder of such Definitive Securities proposes to transfer such Securities to a Person who
shall take delivery thereof in the form of a beneficial interest in the Unrestricted Global Security, a certificate from such Holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each such case set forth in this subparagraph (D), if the Registrar so requests or if the Applicable Procedures so require, an Opinion of Counsel in
form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and state “blue sky” laws and that the restrictions on transfer contained herein and in the Private Placement
Legend are no longer required in order to maintain compliance with the Securities Act. 
 Upon satisfaction of the conditions of any of the
subparagraphs in this Section 2.6(d)(2), the Trustee shall cancel the Definitive Securities and the Registrar shall increase or cause to be increased the aggregate principal amount of the Unrestricted Global Security.
Notwithstanding the foregoing, if there are no Global Securities outstanding prior to any such transfer, Definitive Securities may be transferred for beneficial interests in a Global Security only if the Company so agrees. 

(3)    Unrestricted Definitive Securities to Beneficial Interests in Unrestricted Global Securities. A Holder of an
Unrestricted Definitive Security may exchange such Security for a beneficial interest in an Unrestricted Global Security or transfer such Definitive Security to a Person who takes delivery thereof in the form of a beneficial interest in an
Unrestricted Global Security at any time. Upon receipt of a request for such an exchange or transfer, the Trustee shall cancel the applicable Unrestricted Definitive Security and the Registrar shall increase or cause to be increased the aggregate
principal amount of one of the Unrestricted Global Securities. 

  
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 If any such exchange or transfer from a Definitive Security to a beneficial interest is
effected pursuant to subparagraph (2)(B), (2)(D) or (3) above at a time when an Unrestricted Global Security has not yet been issued, the Company shall issue and, upon receipt of an authentication order in accordance with
Section 2.2 hereof, the Trustee shall authenticate one or more Unrestricted Global Securities in an aggregate principal amount equal to the principal amount of Definitive Securities so transferred. 

(e)    Transfer and Exchange of Definitive Securities for Definitive Securities. Upon request by a Holder of
Definitive Securities and such Holder’s compliance with the provisions of this Section 2.6(e), the Registrar shall register the transfer or exchange of Definitive Securities. Prior to such registration of transfer or
exchange, the requesting Holder shall present or surrender to the Registrar the Definitive Securities duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such Holder or by its
attorney, duly authorized in writing. In addition, the requesting Holder shall provide any additional certifications, documents and information, as applicable, required pursuant to the following provisions of this
Section 2.6(e). 
 (1)    Restricted Definitive Securities to Restricted Definitive
Securities. Any Restricted Definitive Security may be transferred to and registered in the name of Persons who take delivery thereof in the form of a Restricted Definitive Security if the Registrar receives the following: 

(A)    if the transfer will be made pursuant to Rule 144A, then the transferor must deliver a certificate
in the form of Exhibit B hereto, including the certifications in item (1) thereof; 

(B)    if the transfer will be made pursuant to Rule 904, then the transferor must deliver a certificate in
the form of Exhibit B hereto, including the certifications in item (2) thereof; and 

(C)    if the transfer will be made pursuant to any other exemption from the registration requirements of
the Securities Act, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications required by item (3) thereof. 

(2)    Restricted Definitive Securities to Unrestricted Definitive Securities. Any Restricted Definitive Security
may be exchanged by the Holder thereof for an Unrestricted Definitive Security or transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted Definitive Security if: 

(A)    such exchange or transfer is effected pursuant to a Registered Exchange Offer in accordance with the
applicable Registration Rights Agreement and the Holder, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the applicable Letter of Transmittal (or via the Depositary’s book-entry system) that it is not
(1) a broker-dealer, (2) a Person participating in the distribution of the Exchange Securities or (3) a Person who is an affiliate (as defined in Rule 144) of the Company; 

(B)    any such transfer is effected pursuant to a Shelf Registration Statement in accordance with the
applicable Registration Rights Agreement; 

  
 44 

 (C)    any such transfer is effected by an Exchanging
Dealer pursuant to an Exchange Offer Registration Statement in accordance with the applicable Registration Rights Agreement; or 

(D)    the Registrar receives the following: 

(i)    if the Holder of such Restricted Definitive Securities proposes to exchange such Securities for an
Unrestricted Definitive Security, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(d) thereof; or 

(ii)    if the Holder of such Restricted Definitive Security proposes to transfer such Securities to a
Person who shall take delivery thereof in the form of an Unrestricted Definitive Security, a certificate from such Holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each such case set forth in this subparagraph (D), if the Registrar so requests, an Opinion of Counsel in form reasonably acceptable to the Registrar
to the effect that such exchange or transfer is in compliance with the Securities Act and state “blue sky” laws and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to
maintain compliance with the Securities Act. 
 (3)    Unrestricted Definitive Securities to Unrestricted Definitive
Securities. A Holder of Unrestricted Definitive Securities may transfer such Securities to a Person who takes delivery thereof in the form of an Unrestricted Definitive Security. Upon receipt of a request to register such a transfer, the
Registrar shall register the Unrestricted Definitive Security pursuant to the instructions from the Holder thereof. 

(f)    (1) Registered Exchange Offer. Upon the occurrence of a Registered Exchange Offer in accordance with the
applicable Registration Rights Agreement, the Company shall issue and, upon receipt of a written order in accordance with Section 2.2, the Trustee shall authenticate: 

(A)    one or more Unrestricted Global Securities in an aggregate principal amount equal to the principal
amount of the beneficial interests in the Restricted Global Securities tendered for acceptance by Persons that certify in the applicable Letters of Transmittal (or via the Depositary’s book-entry system), among other things, that (I) they
are not broker-dealers, (II) they are not participating in a distribution of the Exchange Securities and (III) they are not affiliates (as defined in Rule 144) of the Company, and accepted for exchange in the Registered Exchange Offer; and

 (B)    Unrestricted Definitive Securities in an aggregate principal amount equal to the principal
amount of any Restricted Definitive Securities accepted for exchange in the Registered Exchange Offer. 
 Concurrently with the issuance of
such Securities, the Registrar shall cause the aggregate principal amount of the applicable Restricted Global Securities to be reduced accordingly, and the Company shall execute and the Trustee shall authenticate, and deliver to the Persons
designated by the Holders of any Definitive Securities so accepted, Unrestricted Definitive Securities in the appropriate principal amount. 

  
 45 

 (2)    If upon consummation of a Registered Exchange
Offer, any Initial Purchaser holds Initial Securities acquired by it as part of the initial distribution thereof, the Company, upon written request of such Initial Purchaser, simultaneously with the delivery of the Exchange Securities pursuant to
the Registered Exchange Offer, shall issue and deliver to such Initial Purchaser and, upon receipt of a written order in accordance with Section 2.2 hereof, the Trustee shall authenticate, one or more Restricted Definitive Securities
representing Private Exchange Securities in a Private Exchange for the Initial Securities held by such Initial Purchaser, in an aggregate principal amount equal to the Initial Securities so exchanged by such Initial Purchaser in the Private
Exchange. 
 (g)    Legends. The following legends shall appear on the face of all Global Securities and
Definitive Securities issued under this Indenture unless specifically stated otherwise in the applicable provisions of this Indenture. 

(1)    Private Placement Legend. 

(A)    Except as permitted by subparagraph (B) below or as otherwise agreed between the Company and
the Holder, each Global Security and each Definitive Security (and all Securities issued in exchange therefor or substitution thereof) shall bear a legend, until the Resale Restriction Termination Date, in substantially the following form: 

“THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH
PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES
FOR THE BENEFIT OF THE COMPANY THAT (A) SUCH SECURITY MAY BE RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (1)(a) INSIDE THE UNITED STATES TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE
144A UNDER THE SECURITIES ACT) PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A UNDER THE SECURITIES ACT, (b) OUTSIDE THE UNITED STATES TO A FOREIGN
PERSON IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (c) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF APPLICABLE) OR
(d) IN ACCORDANCE WITH 

  
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ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY IF THE COMPANY SO REQUESTS), (2) TO THE COMPANY OR
(3) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT
HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THE SECURITY EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN CLAUSE (A) ABOVE. NO REPRESENTATION CAN BE MADE AS TO THE AVAILABILITY OF THE EXEMPTION PROVIDED BY RULE 144 FOR RESALE OF THE
SECURITY EVIDENCED HEREBY.” 
 (B)    Notwithstanding the foregoing, any Global Security or
Definitive Security issued pursuant to subparagraph (b)(4), (c)(2), (c)(3), (d)(2), (d)(3), (e)(2), (e)(3) or (f) of this Section 2.6 (and all Securities issued in exchange therefor or substitution thereof) shall not
bear the Private Placement Legend. The Company, acting in its discretion, may remove the Private Placement Legend from any Restricted Security at any time on or after the Resale Restriction Termination Date applicable to such Restricted Security.
Without limiting the generality of the preceding sentence, the Company may effect such removal by issuing and delivering, in exchange for such Restricted Security, an Unrestricted Security, registered to the same Holder and in an equal principal
amount, and, notwithstanding any other provision of this Section 2.6, upon receipt of a written order of the Company given at least three Business Days in advance of the proposed date of exchange specified therein (which
shall be no earlier than the Resale Restriction Termination Date), the Trustee shall authenticate and deliver such Unrestricted Security as directed in such order. 

(2)    Global Security Legend. Each Global Security shall bear a legend in substantially the following form: 

“THIS GLOBAL SECURITY IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE
BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE REGISTRAR MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.6 OF THE INDENTURE,
(II) THIS GLOBAL SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.6(a) OF THE INDENTURE AND (III) THIS GLOBAL SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.10 OF THE
INDENTURE. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM, THIS SECURITY MAY NOT BE TRANSFERRED
EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE 

  
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DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”) TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE 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.” 

(h)    Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a
particular Global Security have been exchanged for Definitive Securities or a particular Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security shall be returned to or retained and canceled by
the Trustee in accordance with Section 2.10 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the
form of a beneficial interest in another Global Security or for Definitive Securities, the principal amount of Securities represented by such Global Security shall be reduced accordingly and an endorsement shall be made on such Global Security by
the Trustee or by the Securities Custodian at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial
interest in another Global Security, such other Global Security shall be increased accordingly and an endorsement shall be made on such Global Security by the Trustee or by the Securities Custodian at the direction of the Trustee to reflect such
increase. 
 (i)    General Provisions Relating to Transfers and Exchanges. 

(1)    To permit registrations of transfers and exchanges, the Company shall execute and the Trustee shall authenticate
Global Securities and Definitive Securities upon the Company’s order or at the Registrar’s request. 

(2)    No service charge shall be made to a holder of a beneficial interest in a Global Security or to a Holder of a
Definitive Security for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge or other fee required by law and payable in connection therewith
(other than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.9, 3.6, 3.7, 4.7 and 4.11 hereof). 

(3)    All Global Securities and Definitive Securities issued upon any registration of transfer or exchange of Global
Securities or Definitive Securities shall be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Global Securities or Definitive Securities surrendered upon such registration
of transfer or exchange. 

  
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 (4)    None of the Company, the Trustee or the Registrar shall be
required (A) to issue, to register the transfer of or to exchange any Securities during a period of 15 days before the day of any selection of Securities for redemption under Section 3.2 hereof and ending at the close
of business on the day of selection, (B) to register the transfer of or to exchange any Securities so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part or (C) to register the
transfer of or to exchange a Security between a record date and the next succeeding Interest Payment Date. 

(5)    Prior to the due presentation for registration of transfer of any Security, the Company, each Guarantor, the
Trustee, the Paying Agent or the Registrar 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, interest and premium (if any) on such Security
and for all other purposes whatsoever, whether or not such Security is overdue, and none of the Company, the Trustee, the Paying Agent or the Registrar shall be affected by notice to the contrary. 

(6)    The Trustee shall authenticate Global Securities and Definitive Securities upon receipt of a written order of the
Company and in accordance with the other provisions of Section 2.2 hereof. 
 (7)    All
certifications, certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to this Section 2.6 to effect a registration of transfer or exchange may be submitted by facsimile. 

(8)    The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Security, a member of,
or a participant in the Depositary or other Person with respect to the accuracy of the records of the Depositary or its nominee or of any participant or member thereof, with respect to any ownership interest in the Securities or with respect to the
delivery to any participant, member, beneficial owner or other Person (other than the Depositary) of any notice (including any notice of optional redemption) or the payment of any amount, under or with respect to such Securities. The Trustee shall
have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Security (including any transfers
between or among Depositary participants, members or beneficial owners in any Global Security) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly
required by, the terms of this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. Neither the Trustee nor any of its agents shall have any responsibility for any actions taken or
not taken by the Depositary. 
 (9)    The transferor of any Security shall provide or cause to be provided to the
Trustee all information necessary to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any cost basis reporting obligations under Section 6045 of the Code. The Trustee may rely on
information provided to it and shall have no responsibility to verify or ensure the accuracy of such information. In connection with any proposed exchange of a certificated Security for a Global Security, the Company or the

  
 49 

 
Depositary shall be required to provide or cause to be provided to the Trustee all information necessary to allow the Trustee to comply with any applicable tax reporting obligations, including
without limitation any cost basis reporting obligations under Section 6045 of the Code. The Trustee may rely on information provided to it and shall have no responsibility to verify or ensure the accuracy of such information. 

 

	Section 2.7	 Replacement Securities 

If any mutilated Security is surrendered to the Registrar, or the Company and the Registrar receive evidence to their satisfaction of the
destruction, loss or theft of any Security, the Company will issue and the Trustee, upon receipt of a written order of the Company conforming to Section 2.2 hereof, will authenticate a replacement Security if the
Registrar’s and the Company’s reasonable requirements are met. An indemnity bond must be supplied by the Holder that is sufficient in the judgment of each of the Registrar, the Trustee and the Company to protect the Company, the Trustee,
the Registrar, any other Agent and any Authenticating Agent from any loss that any of them may suffer if a Security is replaced. 
 Every
replacement Security is an additional obligation of the Company and will be entitled to all of the benefits of this Indenture equally and proportionately with all other Securities duly issued hereunder, provided it is held by a protected
purchaser within the meaning of the Uniform Commercial Code. 
 Notwithstanding any other provision of this Section, rather than
authenticating and delivering a replacement Security for a mutilated, destroyed, loss or stolen Security which has been redeemed or the principal of which has matured, the Company or the Paying Agent may make payment of the amount due on such
security to the Holder upon receipt of the above-described indemnity bond. 
  

	Section 2.8	 Outstanding Securities 

The Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those delivered to
it for cancellation, those reductions in the interest in a Global Security effected by the Trustee in accordance with the provisions hereof, and those described in this Section as not outstanding. Except as set forth in
Section 11.6 hereof, 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 2.7 hereof, it ceases to be outstanding unless the Trustee receives
proof satisfactory to it that the replaced Security is held by a protected purchaser. 
 If the principal amount of any Security is
considered paid under Section 4.1 hereof, it ceases to be outstanding and interest on it ceases to accrue. 
 If
the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) holds, on a Redemption Date or maturity date, money sufficient to pay Securities payable on that date, then on and after that date such Securities will be deemed
to be no longer outstanding and will cease to accrue interest. 

  
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	Section 2.9	 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 in exchange for temporary Securities. Holders of temporary Securities shall in all respects be entitled to the same benefits under this Indenture as a holder of Definitive Securities. 

 

	Section 2.10	 Cancellation 

The Company at any time may deliver Securities to the Trustee or any Registrar 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 or the Registrar (and no one else) shall cancel and destroy (subject to the record retention requirements of the Exchange Act)
all Securities surrendered for registration of transfer, exchange, payment, replacement or cancellation in accordance with its retention policy then in effect. The Company may not issue new Securities to replace Securities it has redeemed, paid or
delivered to the Trustee or the Registrar for cancellation. 
  

	Section 2.11	 Defaulted Interest 

If the Company defaults in a payment of interest (“Defaulted Interest”) on the Securities, the Company shall pay Defaulted
Interest (as provided in Section 4.1) 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 (or upon
the Company’s failure to do so the Trustee shall fix pursuant to a written instruction of Holders of at least a majority in principal amount of the Securities) any such special record date and payment date to the reasonable satisfaction of the
Trustee which special record date shall not be less than 10 days prior to the payment date for such Defaulted Interest and the Company, or at the Company’s request, the Trustee, 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. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Security and the date of the
proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for
such deposit prior to the date of the proposed payment, such money when so deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as provided in this Section 2.11. The Trustee will have no duty
whatsoever to determine whether any Defaulted Interest is payable or the amount thereof. 
  

	Section 2.12	 CUSIP Numbers 

The Company in issuing the Securities may use “CUSIP,” “ISIN” or similar numbers (if then generally in use) and, if so, the
Trustee shall use such 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 will promptly notify the Trustee in writing of any change in the “CUSIP” numbers. 

  
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 ARTICLE III 

REDEMPTION 
  

	Section 3.1	 Notices to Trustee 

If the Company elects to redeem Securities pursuant to Section 3.7 or Section 4.11(i)
hereof, it shall notify the Trustee in writing of the Redemption Date and the principal amount of Securities to be redeemed. 
 The Company
shall give each notice to the Trustee and the Registrar provided for in this Section 3.1 at least three (3) Business Days before the date of giving notice of the redemption pursuant to
Section 3.3, unless the Trustee consents to a shorter period. If such redemption is to be effected pursuant to Section 3.7(b) or Section 4.11(i), then such notice shall be
accompanied by an Officers’ Certificate to the effect that such redemption will comply with the conditions therein. If fewer than all the Securities are to be redeemed, the record date relating to such redemption shall be selected by the
Company and set forth in the related notice given to the Trustee, which record date shall be not less than 15 days after the date of such notice. 
  

	Section 3.2	 Selection of Securities to Be Redeemed 

In the case of any partial redemption, selection of the Securities for redemption will be made by the Trustee in compliance with the
requirements of the principal national securities exchange, if any, on which the Securities are listed or, if the Securities are not listed, then on a pro rata basis (or, in the case of Securities in global form, the Securities represented thereby
will be selected in accordance with the Depositary’s prescribed method) and in such manner as complies with applicable legal requirements. The Trustee shall make the selection from outstanding Securities not previously called for redemption.
The Trustee may select for redemption portions of the principal of Securities that have denominations larger than $2,000. Securities and portions of them the Trustee selects shall be in minimum amounts of $2,000 or a whole multiple of $1,000 in
excess thereof. Provisions of this Indenture that apply to Securities called for redemption also apply to portions of Securities called for redemption. The Trustee shall notify the Company promptly of the Securities or portions of Securities to be
redeemed. The Trustee may rely upon information provided by the Registrar for purposes of this Section 3.2. 
  

	Section 3.3	 Notice of Redemption 

At least 15 days but not more than 60 days before a date for redemption of Securities, 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 or, with respect to Global Securities, otherwise give such notice in accordance with the rules and procedures of the Depositary; provided,
however, notices of redemption may be given more than 60 days prior to a Redemption Date if the notice is issued in connection with the Company’s exercise of its legal defeasance or its covenant defeasance option in accordance with
Section 8.1(b) or the satisfaction and discharge of this Indenture in accordance with Section 8.1(a). 

  
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 The notice shall identify the Securities to be redeemed and shall state: 

(1)    the Redemption Date; 

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

(3)    the name and address of the Paying Agent where Securities are to be surrendered; 

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

(5)    if fewer than all the outstanding Securities are to be redeemed, the identification and principal amounts of the
particular Securities to be redeemed; 
 (6)    that, unless the Company defaults in making such redemption payment,
interest on Securities (or portion thereof) called for redemption ceases to accrue on and after the Redemption Date; 

(7)    the CUSIP, ISIN or similar number, if any, printed on the Securities being redeemed; 

(8)    that no representation is made as to the correctness or accuracy of the CUSIP, ISIN or similar number, if any,
listed in such notice or printed on the Securities; and 
 (9)    any conditions precedent to such redemption. 

If a notice of redemption is subject to the satisfaction of one or more conditions precedent, the related notice shall describe each such
condition, and if applicable, shall state that, in the Company’s discretion, the Redemption Date may be delayed until such time as any or all such conditions shall be satisfied or waived (provided that in no event shall such Redemption Date be
delayed to a date later than 60 days after the date on which such notice was sent), or such redemption may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied or waived by the
Redemption Date, or by the Redemption Date as so delayed. The Company shall provide written notice of the satisfaction or waiver of such conditions, the delay of such Redemption Date or the rescission of such notice of redemption to the Trustee
prior to the close of business one Business Day prior to the Redemption Date, and the Trustee shall provide such notice to each Holder of the Notes in the same manner in which the notice of redemption was given. Upon receipt of such notice of the
delay of such Redemption Date or the rescission of such notice of redemption, such Redemption Date shall be automatically delayed or such notice of redemption shall be automatically rescinded, as applicable, and the redemption of the notes shall be
automatically delayed or rescinded and canceled, as applicable, as provided in such notice. 
 At the Company’s request, the Trustee
shall give the notice of redemption in the Company’s name and at the Company’s expense; provided, however, that the Company shall have delivered to the Trustee, at least three (3) Business Days prior to the giving of
notice of redemption (or such shorter period as is acceptable to the Trustee), an Officers’ Certificate requesting that the Trustee give such notice and setting forth the information to be stated in the notice as provided in the two preceding
paragraphs. The notice, if mailed in the manner provided herein or sent pursuant to Applicable Procedures shall be presumed to have been given, whether or not the Holder receives such notice. 

  
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	Section 3.4	 Effect of Notice of Redemption 

Once notice of redemption is mailed to Holders, Securities (or portions thereof) called for redemption become irrevocably due and payable on
the Redemption Date and at the Redemption Price, subject to satisfaction of any condition. A notice of redemption may be subject to one or more conditions precedent specified in the notice of redemption, including completion of an Equity Offering or
other corporate transaction. Upon surrender to the Paying Agent, such Securities shall be paid at the Redemption Price stated in the notice, plus accrued and unpaid interest to the Redemption Date; provided that if the Redemption Date is
after the taking of a record of the Holders on a record date and on or prior to the related Interest Payment Date, the accrued and unpaid interest shall be payable to the Person in whose name the redeemed Securities are registered on such record
date. 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 3.5	 Deposit of Redemption Price 

No later than 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) money sufficient to pay the Redemption Price of and accrued and unpaid interest on all Securities to be redeemed on that date. If the Company complies with the provisions of this
Section 3.5, then on and after the Redemption Date, interest will cease to accrue on the Securities or the portions of Securities called for redemption. 

 

	Section 3.6	 Securities Redeemed in Part 

Upon cancellation of a Security that is redeemed in part, the Company shall issue and the Trustee shall authenticate for the Holder (at the
Company’s expense) a new Security equal in principal amount to the unredeemed portion of the Security surrendered. The Trustee shall notify the Registrar of the issuance of such new Security. 

 

	Section 3.7	 Optional Redemption 

(a)    On or after September 15, 2021, the Company may redeem all or a part of the Securities at any time or from time
to time at the following Redemption Prices (expressed as percentages of the principal amount) plus accrued and unpaid interest, if any, to the applicable Redemption Date, if redeemed during the 12-month period
beginning September 15 of the years indicated: 
  

					
	 Year
	  	Redemption Price	 
	 2021
	  	 	104.406	% 
	 2022
	  	 	102.938	% 
	 2023
	  	 	101.469	% 
	 2024 and thereafter
	  	 	100.000	% 

 (b)    Prior to September 15, 2021, the Company may on one or more occasions redeem
up to an aggregate amount equal to 35% of the aggregate principal amount of the 

  
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Securities (including any Additional Securities) originally issued prior to the Redemption Date under this Indenture in an amount not greater than the Net Cash Proceeds of one or more Equity
Offerings at a Redemption Price of 105.875% of the principal amount of the Securities, plus accrued and unpaid interest, if any, to the Redemption Date; provided, that (i) at least 65% in aggregate principal amount of the Securities
(including any Additional Securities) originally issued remains outstanding immediately after the occurrence of such redemption (excluding Securities held by the Company and its Subsidiaries) and (ii) each such redemption occurs within 180 days
of the date of the closing of the related Equity Offering. 
 (c)    In addition, at any time prior to
September 15, 2021, the Company may redeem all or part of the Securities at a Redemption Price equal to the sum of: 

(i)    the principal amount thereof, plus 

(ii)    the Make Whole Premium at the Redemption Date, plus 

accrued and unpaid interest, if any, to the Redemption Date. 

(d)    Any redemption pursuant to this Section 3.7 shall be made pursuant to the provisions of
Sections 3.1 through 3.6 hereof. 
 (e)    The Securities will not be redeemable at the option of the
Company except as set forth in this Section 3.7 and in Section 4.11(i). The Company is not, however, prohibited from acquiring the Securities by means other than a redemption, whether pursuant to a tender offer, open
market transactions or otherwise, so long as the acquisition does not otherwise violate the terms of this Indenture. 
 ARTICLE IV

 COVENANTS 
  

	Section 4.1	 Payment of Securities 

The Company covenants and agrees for the benefit of the Holders of the Securities that it shall promptly pay the principal of, premium, if any,
and interest on the Securities on the dates and in the manner provided in the Securities, this Indenture and, in the case of any Additional Interest, the applicable Registration Rights Agreement. Payments of principal, premium, if any, and interest
on the Securities shall be deemed due for all purposes under this Indenture whether such payments are due at Stated Maturity, upon redemption, upon required repurchase pursuant to Section 4.7 or 4.11 hereof, upon
declaration or otherwise. Principal, premium, if any, and interest on the Securities shall be considered paid on the date due if by 11:00 a.m. (New York City time) on such date the Paying Agent holds in accordance with this Indenture money
sufficient to pay all principal, premium, if any, and interest then due. 
 The Company will pay, to the extent lawful, interest (including
post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, at the rate then in effect on the Securities; it will pay, to the extent lawful, interest (including post-petition interest in any
proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace periods), from time to time on demand at the same rate as on overdue principal. 

  
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 All references in this Indenture, the Securities or the Subsidiary Guarantees to
“interest” shall be deemed to include Additional Interest unless the context otherwise requires. The Company shall give the Trustee advance written notice of the amount of any Additional Interest that may be payable with respect to the
Securities. The Trustee shall not at any time be under any duty or responsibility to any Holder of the Securities to determine the Additional Interest, or with respect to the nature, extent, or calculation of the amount of Additional Interest owed,
or with respect to the method employed in such calculation of the Additional Interest. 
  

	Section 4.2	 SEC Reports 

Whether or not required by the SEC, so long as any Securities are outstanding, the Company will furnish to the Holders of Securities, within
the time periods specified in the SEC’s rules and regulations: 
 (1)    all quarterly and annual financial
information that would be required to be contained in a filing with the SEC on Forms 10-Q and 10-K if the Company were required to file such Forms, including a section
on “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and, with respect to the annual information only, a report on the annual financial statements by the Company’s certified independent
public accountants; and 
 (2)    all current reports that would be required to be filed with the SEC on Form 8-K if the Company were required to file such reports. 
 If the Company has designated as an Unrestricted
Subsidiary any of its Subsidiaries that is a Significant Subsidiary (or that, taken together with other Unrestricted Subsidiaries, would be a Significant Subsidiary), then the quarterly and annual financial information required by the preceding
paragraph shall include a reasonably detailed presentation, either on the face of the financial statements or in the footnotes thereto, and in Management’s Discussion and Analysis of Financial Condition and Results of Operations, of the
financial condition and results of operations of the Company and its Restricted Subsidiaries separate from the financial condition and results of operations of the Unrestricted Subsidiaries of the Company. 

The availability of the foregoing materials on the SEC’s website or on the Company’s website shall be deemed to satisfy the
foregoing delivery obligations. 
 In the event that any direct or indirect parent company of the Company becomes a guarantor of the
Securities, the Company may satisfy its obligations under this Section 4.2 with respect to financial information relating to the Company by furnishing financial information relating to such parent company; provided
that the same is accompanied by consolidating information that explains in reasonable detail the differences between the information relating to such parent, on the one hand, and the information relating to the Company and its Subsidiaries on a
standalone basis, on the other hand. In addition, the Company agrees that, for so long as any Securities remain outstanding and are “restricted securities” under Rule 144 under the Securities Act, if at any time it is not required to file
with the SEC the reports required by the preceding paragraphs of this Section 4.2, it will furnish to beneficial owners of Securities and to prospective investors, upon request, the information required to be delivered
pursuant to Rule 144A(d)(4) under the Securities Act. 

  
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 Delivery of such reports, information and documents to the Trustee is for informational
purposes only, and the Trustee’s receipt thereof shall not constitute actual or constructive knowledge or notice of any information contained therein or determinable from information contained therein, including the Company’s, any
Guarantor’s or any other person’s compliance with any of the covenants under this Indenture or the Securities (as to which the Trustee is entitled to rely exclusively on an Officers’ Certificate). The Trustee will not be obligated to
monitor or confirm, on a continuing basis or otherwise, the Company’s, any Guarantor’s or any other person’s compliance with any of the covenants described herein or to determine whether such reports, information or documents have
been posted on any website or other online data system or filed with the SEC. 
  

	Section 4.3	 Incurrence of Indebtedness 

(a)    The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create,
incur, issue, assume, Guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to (collectively, “incur”) any Indebtedness (including Acquired Debt); provided, however, that the
Company and any Restricted Subsidiary may incur Indebtedness (including Acquired Debt), if the Fixed Charge Coverage Ratio for the Company’s most recently ended four full fiscal quarters for which internal financial statements are available
immediately preceding the date on which such additional Indebtedness is incurred would have been at least 2.0 to 1.0, determined on a pro forma basis (including a pro forma application of the Net Cash Proceeds therefrom), as if the additional
Indebtedness had been incurred at the beginning of such four-quarter period. 
 (b)    Section 4.3(a) will not
prohibit the incurrence of any of the following items of Indebtedness (collectively, “Permitted Indebtedness”): 

(1)    the incurrence by the Company and any Restricted Subsidiary of Indebtedness under one or more Credit Facilities;
provided that the aggregate principal amount of all Indebtedness incurred under this clause (1) and outstanding at any time does not exceed an amount equal to the greatest of (a) $725.0 million, (b) the Borrowing Base and (c)
35.0% of ACNTA at the time of incurrence; 
 (2)    the incurrence by the Company and its Restricted Subsidiaries of
Existing Indebtedness (other than Indebtedness described under clauses (1), (3) or (6) of this Section 4.3(b)); 

(3)    the incurrence by the Company and the Guarantors of Indebtedness represented by (A) the Initial Securities,
(B) any Exchange Securities issued pursuant to the Registration Rights Agreement in exchange for the Initial Securities, and (C) any Subsidiary Guarantees; 

(4)    the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness represented by Capital Lease
Obligations, mortgage financings, industrial revenue bonds, purchase money obligations or other Indebtedness or preferred stock, or synthetic lease obligations, in each case, incurred for the purpose of financing all or any part of the purchase
price or cost of design, development, construction, installation or improvement of property (real or personal and including Capital Stock), plant or equipment used in the business of the Company or any of its Restricted Subsidiaries (in each case,
whether through the direct purchase of such assets or the Equity Interests of any Person owning such assets), in an aggregate principal amount, taken together with Permitted Refinancing Indebtedness in respect thereof, that does not exceed the
greater of $100.0 million and 5.0% of ACNTA at the time of incurrence; 

  
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 (5)    the incurrence by the Company or any of its Restricted
Subsidiaries of Permitted Refinancing Indebtedness in exchange for, or the Net Cash Proceeds of which are used to refund, refinance, replace, defease or discharge Indebtedness (other than intercompany Indebtedness) that was permitted by this
Indenture to be incurred under Section 4.3(a) or clauses (2), (3), (4), (12) or (15) or this clause (5) of this Section 4.3(b); 

(6)    the incurrence by the Company or any of its Restricted Subsidiaries of intercompany Indebtedness between or among
the Company and any of its Restricted Subsidiaries; provided, however, that: 
 (A)    (i)
if the Company is the obligor on such Indebtedness and the obligee is not a Guarantor, such Indebtedness must be expressly subordinated to the prior payment in full in cash of all obligations with respect to the Securities, and (ii) if a
Guarantor is the obligor of such Indebtedness and the obligee is neither the Company nor a Guarantor, such Indebtedness must be expressly subordinated to the prior payment in full in cash of all obligations of such Guarantor with respect to its
Subsidiary Guarantee; and 
 (B)    (i) any subsequent issuance or transfer of Equity Interests that
results in any such Indebtedness being held by a Person other than the Company or a Restricted Subsidiary thereof and (ii) any sale or other transfer of any such Indebtedness to a Person that is not either the Company or a Restricted Subsidiary
thereof, shall be deemed, in each case, to constitute an incurrence of such Indebtedness by the Company or such Restricted Subsidiary, as the case may be, that was not permitted by this clause; 

(7)    in-kind obligations relating to net oil and natural gas balancing positions
arising in the ordinary course of business; 
 (8)    self-insurance obligations and any obligations in respect of
completion bonds, performance bonds, bid bonds, plugging and abandonment bonds, appeal bonds, surety bonds, bankers acceptances, letters of credit, insurance obligations or bonds and other similar bonds and obligations incurred by the Company or any
Restricted Subsidiary in the ordinary course of business and any Guarantees or letters of credit functioning as or supporting any of the foregoing bonds or obligations; 

(9)    any obligation (including deferred premiums) under Interest Rate Agreements, Currency Agreements and Commodity
Agreements; provided that such Interest Rate Agreements, Currency Agreements and Commodity Agreements are entered into for bona fide hedging purposes of the Company or its Restricted Subsidiaries (as determined in good faith by the Board of
Directors or senior management of the Company); 
 (10)    any obligation arising from agreements of the Company or a
Restricted Subsidiary providing for indemnification, Guarantee, adjustment of purchase price, holdback, contingency payment obligation based on the performance of the acquired or disposed asset or similar obligations, in each case, incurred or
assumed in connection with the acquisition or disposition of any business, asset or Capital Stock; 

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

(12)    the incurrence by the Company or any of its Restricted Subsidiaries of Permitted Acquisition Indebtedness; 

(13)    any Guarantee of Indebtedness of the Company or a Restricted Subsidiary to the extent that the guaranteed
Indebtedness was permitted to be incurred by another provision of this Section 4.3; provided that if the Indebtedness being guaranteed is subordinated or pari passu with the Securities, the Guarantee must be
subordinated or pari passu, as applicable, to the same extent as the Indebtedness guaranteed; 
 (14)    Indebtedness
incurred on behalf of, or representing guarantees of Indebtedness of, Persons other than the Company or any Restricted Subsidiaries in which the Company or a Restricted Subsidiary has an Investment; provided, however, that the
aggregate principal amount of Indebtedness incurred under this clause (14), when aggregated with the principal amount of all other Indebtedness then outstanding and incurred pursuant to this clause (14), does not exceed the greater of
$100.0 million and 5.0% of ACNTA at the time of incurrence; and 
 (15)    the incurrence by the Company or any of
its Restricted Subsidiaries of Indebtedness in addition to Indebtedness permitted by clauses (1) through (14) above of this Section 4.3(b) or Section 4.3(a) in an aggregate principal amount
(or accreted value, as applicable) at any time outstanding, including all Permitted Refinancing Indebtedness incurred to renew, refund, refinance, replace, defease or discharge any Indebtedness incurred pursuant to this clause (15), not to exceed
the greater of (a) $100.0 million and (b) 5.0% of the Company’s ACNTA, determined as of the date of incurrence of such Indebtedness after giving effect to such incurrence and the application of the proceeds therefrom. 

(c)     For purposes of determining compliance with this Section 4.3: 

(1)    in the event that an item of proposed Indebtedness meets the criteria of more than one of the categories of
Permitted Indebtedness described in clauses (1) through (15) of Section 4.3(b), or is entitled to be incurred pursuant to Section 4.3(a), the Company will be permitted to classify such item of
Indebtedness (or any portion thereof) on the date of its incurrence and, subject to clause (2) below, may later reclassify such item of Indebtedness (or any portion thereof), in any manner that complies with this
Section 4.3, and only be required to include the amount and type of such Indebtedness in one of such clauses or may include the amount and type of such Indebtedness partially in one such clause and partially in one or more
other such clauses; 
 (2)    all Indebtedness outstanding on the Issue Date under the Credit Agreement after giving
effect to the offering of the Initial Securities and the use of proceeds thereof shall be deemed initially incurred on the Issue Date under clause (1) of Section 4.3(b) and not Section 4.3(a)
or clause (2) of Section 4.3(b); 
 (3)    Guarantees of, or obligations in respect of
letters of credit relating to, Indebtedness which is otherwise included in the determination of a particular amount of Indebtedness shall not be included; 

  
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 (4)    the amount of Indebtedness issued at a price that is less than
the principal amount thereof will be equal to the amount of the liability in respect thereof determined in accordance with GAAP; 

(5)    Indebtedness of any Person existing at the time such Person becomes a Restricted Subsidiary shall be deemed to have
been incurred by the Company and the Restricted Subsidiary at the time such Person becomes a Restricted Subsidiary; and 

(6)    the accrual of interest or dividends, the accretion or amortization of original issue discount, the payment of
interest on any Indebtedness in the form of additional Indebtedness with the same terms, the reclassification of preferred equity as Indebtedness due to a change in accounting principles, the payment of dividends on Disqualified Stock or preferred
equity in the form of additional shares of the same class of Disqualified Stock or preferred equity will not be deemed to be an incurrence of Indebtedness or an issuance of Disqualified Stock or preferred equity for purposes of this
Section 4.3. 
 (d)    For purposes of determining compliance with any U.S. dollar-denominated
restriction on the incurrence of Indebtedness, the U.S. dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was
incurred, in the case of term Indebtedness, or first committed, in the case of revolving credit Indebtedness; provided that if such Indebtedness is incurred to refinance other Indebtedness denominated in a foreign currency, and such
refinancing would cause the applicable U.S. dollar-dominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-dominated restriction shall be deemed not to
have been exceeded so long as the principal amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness being refinanced. Notwithstanding any other provision of this Section 4.3, the
maximum amount of Indebtedness that the Company may incur pursuant to this Section 4.3 shall not be deemed to be exceeded solely as a result of fluctuations in the exchange rate of currencies. The principal amount of any
Permitted Refinancing Indebtedness, if incurred in a different currency from the Indebtedness being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in which such Permitted Refinancing Indebtedness is
denominated that is in effect on the date of such refinancing. 
  

	Section 4.4	 Restricted Payments 

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

(1)    declare or pay any dividend or make any other payment or distribution on account of the Company’s or any of
its Restricted Subsidiaries’ Equity Interests (including, without limitation, any payment by the Company or any Restricted Subsidiary in connection with any merger or consolidation involving the Company or any of its Restricted Subsidiaries) or
to the direct or indirect holders of the Company’s or any of its Restricted Subsidiaries’ Equity Interests in their capacity as such (other than dividends or distributions payable in Equity Interests (other than Disqualified Stock) of the
Company or payable to the Company or a Restricted Subsidiary of the Company); 
 (2)    purchase, redeem or otherwise
acquire or retire for value (including, without limitation, in connection with any merger or consolidation involving the Company) any Equity Interests of the Company or any direct or indirect parent of the Company (other than any such Equity
Interests owned by the Company or any Restricted Subsidiary of the Company); 

  
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 (3)    make any payment on or with respect to, or purchase, redeem,
defease or otherwise acquire or retire for value, prior to scheduled maturity or scheduled sinking fund payment, any Subordinated Indebtedness of the Company or any Guarantor, except (a) a payment of interest or principal on or after the date
when due or within three Business Days prior thereto, (b) in anticipation of satisfying a sinking fund obligation, principal installment payment or payment due at final maturity, in each case due within one year of the date of such payment,
purchase or other acquisition or retirement or (c) payments on Indebtedness owed to the Company or a Restricted Subsidiary; or 

(4)    make any Investment other than a Permitted Investment (all such payments and other actions set forth in clauses
(1) through (3) above and this clause (4) being collectively referred to as “Restricted Payments”), 
 unless, at the time of and
after giving effect to such Restricted Payment: 
 (i)    no Default (except a Reporting Default) or Event of Default
shall have occurred and be continuing or would occur as a consequence thereof; 
 (ii)    the Company would, at the time
of such Restricted Payment and after giving pro forma effect thereto as if such Restricted Payment had been made at the beginning of the applicable four-quarter period, have been permitted to incur at least $1.00 of additional Indebtedness pursuant
to the Fixed Charge Coverage Ratio test set forth in Section 4.3(a) hereof; and 

(iii)    such Restricted Payment, together with the aggregate amount of all other Restricted Payments made by the Company
and its Restricted Subsidiaries after the Issue Date (excluding Restricted Payments permitted by clauses (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12) or (13) of Section 4.4(b) below), is less than the sum,
without duplication, of 
 (A)    50% of the Consolidated Net Income of the Company for the period (taken
as one accounting period) from April 1, 2015 to the end of the Company’s most recently ended fiscal quarter for which internal financial statements are available at the time of such Restricted Payment (or, if such Consolidated Net Income
for such period is a deficit, less 100% of such deficit); plus 
 (B)    100% of the aggregate Net
Cash Proceeds and 100% of the Fair Market Value of securities or other property other than cash (including Capital Stock of Persons engaged in the Oil and Gas Business or assets used in the Oil and Gas Business) received by the Company or a
Restricted Subsidiary since the 2023 Notes Issue Date from the issue or sale of Equity Interests of the Company (other than Disqualified Stock), other than Equity Interests sold to a Subsidiary of the Company or to an employee stock ownership plan
or to a trust established by the Company or any of its Subsidiaries for the benefit of their employees; plus 

  
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 (C)    the amount by which Indebtedness is reduced on
the Company’s consolidated balance sheet upon the conversion or exchange (other than by a Subsidiary of the Company) subsequent to the 2023 Notes Issue Date of any Indebtedness convertible or exchangeable for Capital Stock (other than
Disqualified Stock) of the Company (plus the amount of any accrued interest then outstanding on such Indebtedness to the extent the obligation to pay such interest is extinguished less the amount of any cash, or the Fair Market Value of any property
(as determined in good faith by an Officer of the Company), distributed by the Company upon such conversion or exchange), together with the net proceeds, if any, received by the Company or its Restricted Subsidiaries upon such conversion or
exchange; plus 
 (D)    an amount equal to the sum of (i) the net reduction in the
Investments (other than Permitted Investments) made by the Company or any Restricted Subsidiary in any Person resulting from repurchases, repayments or redemptions of such Investments by such Person, proceeds realized on the sale of such Investments
and proceeds representing the return of capital (excluding dividends and distributions to the extent included in Consolidated Net Income), in each case received by the Company or any Restricted Subsidiary since the 2023 Notes Issue Date, and
(ii) to the extent such Person is an Unrestricted Subsidiary, the portion (proportionate to the Company’s equity interest in such Subsidiary) of the Fair Market Value of the net assets of such Unrestricted Subsidiary at the time such
Unrestricted Subsidiary is designated a Restricted Subsidiary; provided, however, that to the extent the foregoing sum exceeds, in the case of any such Person or Unrestricted Subsidiary, the amount of Investments (excluding Permitted
Investments) previously made (and treated as a Restricted Payment) by the Company or any Restricted Subsidiary in such Person or Unrestricted Subsidiary since the 2023 Notes Issue Date, such excess shall not be included in this clause
(D) unless the amount represented by such excess has not been and will not be taken into account in one of the foregoing clauses (A)-(C) of this Section 4.4(a)(iii). 

(b)    The preceding provisions will not prohibit: 

(1)    the payment of any dividend or the consummation of any redemption within 60 days after the date of declaration or
giving of redemption notice, as the case may be, thereof, if at said date of declaration or notice such payment would have complied with the provisions of this Indenture (and such payment shall be deemed to be paid on the date of payment for
purposes of any calculation required by this Section 4.4); 
 (2)    any Restricted Payment
made in exchange for, or out of the Net Cash Proceeds of the substantially concurrent sale (other than to a Subsidiary of the Company) of, Equity Interests of the Company (other than Disqualified Stock) with any such payment being deemed to be
“substantially concurrent” if made within 180 days of the sale of the Equity Interests in question; provided that the amount of any such Net Cash Proceeds that are utilized for any such redemption, repurchase, retirement, defeasance
or other acquisition shall be excluded from clause (iii)(B) of Section 4.4(a); 
 (3)    the
defeasance, redemption, repurchase, retirement or other acquisition of any Subordinated Indebtedness of the Company or any Guarantor with the Net Cash Proceeds from an incurrence of any Permitted Refinancing Indebtedness permitted to be incurred
under Section 4.3 hereof; 

  
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 (4)    the payment of any dividend or other distribution by a Restricted
Subsidiary of the Company to the holders of its common Equity Interests on a pro rata basis or on a basis more favorable to the Company or any Restricted Subsidiary; 

(5)    the repurchase, redemption or other acquisition or retirement for value of any Equity Interests of the Company or
any Restricted Subsidiary of the Company held by any employees, former employees, directors or former directors of the Company or any of its Restricted Subsidiaries (or heirs, estates or other permitted transferees of such employees or directors)
pursuant to any agreements (including employment agreements), management equity subscription agreements or stock option agreements or plans (or amendments thereto), approved by the Board of Directors, under which such individuals purchase or sell or
are granted the right to purchase or sell shares of Capital Stock; provided that the aggregate price paid for all such repurchased, redeemed, acquired or retired Equity Interests shall not exceed $15.0 million in any calendar year, with
unused amounts in any calendar year being permitted to be carried over to succeeding calendar years subject to a maximum of $30.0 million in any calendar year; provided further, however, that such amount in any calendar
year may be increased by an amount not to exceed: 
  

	 	(a)	 the cash proceeds received by the Company or any of the Restricted Subsidiaries from the sale of Equity
Interests (other than Disqualified Stock) of the Company or any direct or indirect parent of the Company (to the extent contributed to the Company) to members of management, directors, managers or consultants of the Company and the Restricted
Subsidiaries or any direct or indirect parent of the Company that occurs after the Issue Date (provided that the amount of such cash proceeds utilized for any such repurchase, retirement, other acquisition or dividend will not increase the
amount available for Restricted Payments under clause (iii)(B) of Section 4.4(a)), plus 

  

	 	(b)	 the cash proceeds of key man life insurance policies received by the Company or any direct or indirect parent
of the Company (to the extent contributed to the Company) or the Restricted Subsidiaries after the Issue Date; 

provided that the Company may elect to apply all or any portion of the aggregate increase contemplated by clauses (a) and (b) above
in any calendar year; and provided, further, that cancellation of Indebtedness owing to the Company or any Restricted Subsidiary from any present or former employees, directors, managers, officers or consultants of the Company, any
Restricted Subsidiary or the direct or indirect parents of the Company in connection with a repurchase of Equity Interests of the Company or any of its direct or indirect parents will not be deemed to constitute a Restricted Payment for purposes of
this Section 4.4 or any other provision of this Indenture; 
 (6)    loans or advances to
employees of the Company or employees or directors of any Subsidiary of the Company, in each case as permitted by Section 402 of the Sarbanes-Oxley Act of 2002, the proceeds of which are used to purchase Capital Stock of the Company, or to
refinance loans or advances made pursuant to this clause (6), in an aggregate amount not in excess of $2.0 million at any one time outstanding; 

  
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 (7)    repurchases or other acquisitions for value of Capital Stock
deemed to occur upon the exercise or exchange of stock options, warrants or other convertible securities if such Capital Stock represents a portion of the exercise or exchange price thereof or made in lieu of withholding taxes in connection with any
such exercise or exchange; 
 (8)    upon the occurrence of a Change of Control or an Asset Sale and within 60 days
after the completion of the offer to repurchase the Securities under Section 4.11 or Section 4.7 hereof (including the purchase of all Securities tendered and required to be purchased), any
purchase, repurchase, redemption, defeasance, acquisition or other retirement for value of Subordinated Indebtedness required under the terms thereof as a result of such Change of Control or Asset Sale at a purchase or redemption price not to exceed
101% of the outstanding principal amount thereof, plus accrued and unpaid interest thereon, if any, provided that, in the notice to Holders relating to a Change of Control or Asset Sale hereunder, the Company shall describe this clause (8);

 (9)    the purchase by the Company of fractional shares arising out of stock dividends, splits or business
combinations or conversion of convertible or exchangeable securities of debt or equity issued by the Company; 

(10)    payments to dissenting stockholders (x) pursuant to applicable law or (y) in connection with the
settlement or other satisfaction of legal claims made pursuant to or in connection with a consolidation, merger or transfer of assets in connection with a transaction that is not prohibited by this Indenture; 

(11)    dividends on Disqualified Stock of the Company or preferred stock of any Restricted Subsidiary if such dividends
are included in the calculation of Fixed Charges; 
 (12)    payments made by any Person other than the Company or any
Restricted Subsidiary to the stockholders of the Company in connection with or as part of (a) a merger or consolidation of the Company with or into such Person or a subsidiary of such Person, or (b) a merger of a subsidiary of such Person
into the Company; or 
 (13)    other Restricted Payments not to exceed $75.0 million in the aggregate since the
Issue Date. 
 The amount of all Restricted Payments (other than cash) shall be the Fair Market Value on the date of the Restricted Payment
of the asset(s) or securities proposed to be transferred or issued by the Company or such Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment. The Fair Market Value of any assets or securities other than cash that are
required to be valued by this Section 4.4 will be determined, in the case of amounts in excess of $20.0 million, by an officer of the Company and, in the case of amounts in excess of $50.0 million, by the Board of
Directors of the Company whose Board Resolution with respect thereto will be delivered to the Trustee. 
 For purposes of determining
compliance with this Section 4.4, if a Restricted Payment meets the criteria of more than one of the types of Restricted Payments described in clauses (1)-(13) above or pursuant to clause (a) of this
Section 4.4, the Company, in its sole discretion, may order and classify, and subsequently reorder and reclassify, such Restricted Payment in any manner in compliance with this Section 4.4. 

  
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	Section 4.5	 Liens 

The Company will not, and will not permit any of its Restricted Subsidiaries to create, incur, assume or suffer to exist any Lien on any
property or asset now owned or hereafter acquired, except Permitted Liens, to secure (a) any Indebtedness of the Company unless prior to, or contemporaneously therewith, the Securities are equally and ratably secured for so long as such other
Indebtedness is so secured, or (b) any Indebtedness of any Guarantor, unless prior to, or contemporaneously therewith, the Subsidiary Guarantee of such Guarantor is equally and ratably secured for so long as such other Indebtedness is so
secured; provided, however, that if such Indebtedness is expressly subordinated to the Securities or a Subsidiary Guarantee, the Lien securing such Indebtedness will be subordinated and junior to the Lien securing the Securities or such
Subsidiary Guarantee, as the case may be, with the same relative priority as such Indebtedness has with respect to the Securities or such Subsidiary Guarantee. 
  

	Section 4.6	 Dividend and Other Payment Restrictions Affecting Subsidiaries 

(a)    The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create or
permit to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary to: 

(1)    pay dividends or make any other distributions on its Capital Stock to the Company or any of the Company’s
Restricted Subsidiaries, or pay any Indebtedness owed to the Company or any of the Company’s Restricted Subsidiaries (it being understood that the priority of any preferred stock in receiving dividends, distributions or liquidating
distributions prior to dividends, distributions or liquidating distributions being paid on Capital Stock shall not be deemed a restriction on the ability to make distributions on Capital Stock); 

(2)    make loans or advances to the Company or any of the Company’s Restricted Subsidiaries (it being understood
that the subordination of loans or advances made to the Company or any of its Restricted Subsidiaries to other Indebtedness incurred by the Company or any of its Restricted Subsidiaries shall not be deemed a restriction on the ability to make loans
or advances); or 
 (3)    transfer any of its properties or assets to the Company or any of the Company’s
Restricted Subsidiaries. 
 (b)    However, the preceding restrictions will not apply to encumbrances or restrictions
existing under or by reason of: 
 (1)    agreements existing on the Issue Date, including the Credit Agreement as in
effect on the Issue Date and this Indenture, the Securities and the Subsidiary Guarantees; 
 (2)    any instrument
governing Indebtedness or Capital Stock of a Person acquired by the Company or any of its Restricted Subsidiaries as in effect at the time of such acquisition (except to the extent such Indebtedness was incurred in connection with or in
contemplation of such acquisition), which encumbrance or restriction is not applicable to any 

  
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Person, or the properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired, provided that, in the case of Indebtedness, such
Indebtedness was permitted by the terms of this Indenture to be incurred; 
 (3)    any agreement for the sale or other
disposition of Capital Stock or assets of a Restricted Subsidiary that restricts distributions by such Restricted Subsidiary pending such sale or other disposition; 

(4)    any amendment, restatement, modification, supplement, extension, renewal, refunding, replacement or refinancing of
Indebtedness referred to in clauses (1) or (2) of this Section 4.6(b), provided that the encumbrances or restrictions contained in the agreements governing the foregoing are not materially more restrictive,
taken as a whole, than those contained in the agreements governing such Indebtedness as determined in good faith by the Company; 

(5)    cash or other deposits, or net worth requirements or similar requirements, imposed by suppliers, or other deposits
by parties under agreements entered into in the ordinary course of the Oil and Gas Business of the types described in the definition of Permitted Business Investments; 

(6)    any applicable law, rule, regulation, order, approval, license, permit or similar restriction; 

(7)    provisions limiting the disposition or distribution of assets or property or transfer of Capital Stock in joint
venture agreements, asset sale agreements, sale-leaseback agreements, stock sale agreements, limited liability company organizational documents, and other similar agreements entered into in the ordinary course of business, consistent with past
practice or with the approval of the Company’s Board of Directors or any of its officers, which limitation is applicable only to the assets, property or Capital Stock that are the subject of such agreements; 

(8)    any encumbrance or restriction contained in the terms of any Indebtedness or Capital Stock permitted to be incurred
under this Indenture or any agreement pursuant to which such Indebtedness was incurred if either (x) in the case of Indebtedness, the encumbrance or restriction applies only in the event of a payment default or a default with respect to a
financial covenant in such Indebtedness or agreement or (y) the Company determines that any such encumbrance or restriction either (i) will not materially affect the Company’s ability to make principal or interest payments on the
Securities and such restrictions are not materially less favorable to Holders of Securities than is customary in comparable financings or (ii) are not materially more restrictive, taken as a whole, with respect to any Restricted Subsidiary than
those in effect on the Issue Date with respect to that Restricted Subsidiary pursuant to agreements in effect on the Issue Date or those contained in this Indenture or the Credit Agreement, in each case as determined in good faith by the Board of
Directors or an officer of the Company; 
 (9)    encumbrances or restrictions applicable only to a Restricted
Subsidiary that is not a Domestic Subsidiary; 
 (10)    any encumbrance or restriction with respect to an Unrestricted
Subsidiary pursuant to or by reason of an agreement that the Unrestricted Subsidiary is a party to or entered into before the date on which such Unrestricted Subsidiary became a 

  
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Restricted Subsidiary; provided that such agreement was not entered into in anticipation of the Unrestricted Subsidiary becoming a Restricted Subsidiary and any such encumbrance or
restriction does not extend to any assets or property of the Company or any other Restricted Subsidiary other than the assets and property of such Unrestricted Subsidiary; and 

(11)    with respect to clause (3) of Section 4.6(a) only, any of the following
encumbrances or restrictions: 
 (A)    purchase money obligations for property acquired in the ordinary
course of business or otherwise permitted under this Indenture that impose restrictions on the property so acquired; 

(B)    Permitted Liens or Liens securing Indebtedness otherwise permitted to be incurred pursuant to the
provisions of Section 4.5 hereof that limit the right of the Company or any of its Restricted Subsidiaries to dispose of the assets subject to such Lien; 

(C)    restrictions contained in asset sale agreements limiting the transfer of such assets pending the
closing of such sale; 
 (D)    restrictions on the subletting, assignment or transfer of any property or
asset that is subject to a lease, license, sub-license or similar contract, or on the assignment or transfer of any such lease, license, sub-license or other contract;

 (E)    agreements governing Hedging Obligations entered into in the ordinary course of business; and

 (F)    customary restrictions on the disposition or distribution of assets or property in agreements
entered into in the ordinary course of the Oil and Gas Business of the types described in the definition of Permitted Business Investments. 
  

	Section 4.7	 Asset Sales 

(a)    The Company will not, and will not permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless:

 (1)    the Company (or the Restricted Subsidiary, as the case may be) receives consideration at the time of such Asset
Sale at least equal to the Fair Market Value of the Equity Interests or other assets issued or sold or otherwise disposed of (which may be determined at the time of entering into any agreement with respect to such Asset Sale); and 

(2)    (A) at least 75% of the aggregate consideration received by the Company or such Restricted Subsidiary, as the case
may be, from such Asset Sale and all other Asset Sales since the 2023 Notes Issue Date, on a cumulative basis, is in the form of cash, Cash Equivalents or assets of the type referred to in clauses (2) or (3) of
Section 4.7(b) below, or any combination of the foregoing (together, “Permitted Consideration”) or (B) the Fair Market Value of all forms of consideration other than Permitted Consideration since the
Issue Date does not exceed in the aggregate 10% of the ACNTA of the Company (determined at the time of receipt of such consideration), with the Fair Market Value of each item of 

  
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consideration measured at the time received and without giving effect to subsequent changes in value. For purposes of this provision, each of the following shall be deemed to be cash: 

(A)    any liabilities (as shown on the Company’s or such Restricted Subsidiary’s most recent
balance sheet) of the Company or any Restricted Subsidiary (other than contingent liabilities and liabilities that are by their terms subordinated to the Securities or any Subsidiary Guarantee) that are assumed by the transferee of any such assets
pursuant to a novation agreement or similar agreement that releases the Company or such Restricted Subsidiary from further liability; 

(B)    with respect to any Asset Sale of properties used or useful in the Oil and Gas Business by the
Company or any of its Restricted Subsidiaries where the Company or such Restricted Subsidiary retains an interest in such property, the amount of the costs and expenses of the Company or such Restricted Subsidiary related to the exploration,
development, completion or production of such properties and activities related thereto which the transferee (or an Affiliate thereof) agrees to pay; 

(C)    Indebtedness (other than contingent liabilities and liabilities that are by their terms subordinated
to the Securities or a Subsidiary Guarantee) of any Restricted Subsidiary that is no longer a Restricted Subsidiary as a result of such Asset Sale; provided that the Company and each other Restricted Subsidiary are released from any Guarantee
of such Indebtedness in connection with such Asset Sale; 
 (D)    any securities, notes or other
obligations received by the Company or any such Restricted Subsidiary from such transferee that are converted within 180 days by the Company or such Restricted Subsidiary into cash (to the extent of the cash received in that conversion); 

(E)    solely in the case of any Asset Sale of Midstream Assets, Permitted MLP Securities; and 

(F)    any Designated Non-cash Consideration received by the
Company or any of its Restricted Subsidiaries in such Asset Sale; provided that the aggregate fair market value of such Designated Non-cash Consideration, taken together with the fair market value at the time
of receipt of all other Designated Non-cash Consideration received pursuant to this clause (F) less the amount of Net Proceeds previously realized in cash from prior Designated Non-cash Consideration is less than 5.0% of ACNTA at the time of the receipt of such Designated Non-cash Consideration (with the fair market value of each item of Designated Non-cash Consideration being measured at the time received and without giving effect to subsequent changes in value). 

Notwithstanding the foregoing, in the case of any Asset Sale pursuant to a condemnation, appropriation or similar taking, including by deed in
lieu of condemnation, such Asset Sale shall not be required to satisfy the requirements of clauses (1) and (2) above. 

  
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 (b)    Within the later of (x) one year after the date of receipt
of any Net Proceeds from an Asset Sale and (y) six months after the date of an agreement entered into within such one-year period committing the Company or a Restricted Subsidiary to make an acquisition
or expenditure referred to in clauses (2) or (3) below, the Company or a Restricted Subsidiary may apply such Net Proceeds at its option, in any one or more of the following: 

(1)    to repay, prepay, redeem or repurchase any Indebtedness of the Company or any Restricted Subsidiary (other than
Subordinated Indebtedness); 
 (2)    to acquire all or substantially all of the assets of, or a majority of the Voting
Stock of, a company principally engaged in the Oil and Gas Business that will, upon such acquisition, become a Restricted Subsidiary or acquire any minority interest in a Restricted Subsidiary; or 

(3)    to make capital expenditures or to acquire properties or assets, in each case that are used or useful in the Oil
and Gas Business. 
 Pending the final application of any such Net Proceeds, the Company may invest such Net Proceeds in any manner not
prohibited by this Indenture. 
 (c)    Any Net Proceeds from Asset Sales that are not applied or invested as provided
in Section 4.7(b) will constitute “Excess Proceeds.” When the aggregate amount of Excess Proceeds exceeds $50.0 million, the Company will make an offer (the “Asset Sale Offer”) to all
Holders of Securities and, to the extent required by the terms thereof, all holders of other Indebtedness that is pari passu in right of payment with the Securities containing provisions similar to those set forth in this Indenture with
respect to offers to purchase or redeem with the proceeds of sales of assets to purchase the maximum principal amount of Securities and such other pari passu Indebtedness that may be purchased out of the Excess Proceeds. The offer price with
respect to the Securities in any Asset Sale Offer will be equal to 100% of the principal amount plus accrued and unpaid interest, if any, to the date of purchase (the “Asset Sale Payment”), and will be payable in cash. If any Excess
Proceeds remain after consummation of an Asset Sale Offer, the Company may use such Excess Proceeds for any purpose not otherwise prohibited by this Indenture. If the aggregate principal amount of Securities and such other pari passu
Indebtedness tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds, the Trustee shall select the Securities and the Company shall select such other pari passu Indebtedness to be purchased on a pro rata basis (or, in the
case of Global Securities, the Securities represented thereby will be selected in accordance with the Depositary’s prescribed method), on the basis of the aggregate principal amounts tendered in round denominations (which in the case of the
Securities will be minimum denominations of $2,000 principal amount or multiples of $1,000 in excess thereof). Upon completion of each Asset Sale Offer, the amount of Excess Proceeds shall be reset at zero. 

(d)    Within 30 days following the date when the Company becomes obligated to make an Asset Sale Offer, the Company will
send a notice to each Holder (with a copy to the Trustee) describing the transaction or transactions that constitute the Asset Sale and offering to repurchase Securities on the date (the “Asset Sale Payment Date”) specified in such
notice, which date will be no earlier than 30 days nor later than 60 days from the date such notice is mailed, pursuant to the procedures required by this Indenture and described in such notice. 

  
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 (e)    On the Asset Sale Payment Date, the Company will, to the extent
lawful: 
 (1)    accept for payment all Securities or portions thereof properly tendered pursuant to the Asset Sale
Offer, subject to proration based on the amount of Excess Proceeds pursuant to clause (c) above of this Section 4.7; 

(2)    deposit with the Paying Agent an amount equal to the amount of Excess Proceeds that, after giving effect to
proration with holders of pari passu Indebtedness pursuant to clause (c) above of this Section 4.7, is allocable to the Securities or portions thereof so tendered (or, if less, the aggregate Asset Sale Payment
for all Securities validly tendered and not withdrawn); and 
 (3)    deliver or cause to be delivered to the Trustee
the Securities so accepted together with an Officers’ Certificate stating the aggregate principal amount of Securities or portions thereof being purchased by the Company. 

(f)    The Paying Agent will promptly mail (or cause to be transferred through the facilities of the Depositary) to each
Holder of Securities so tendered and not withdrawn and accepted for payment in accordance with this Section 4.7, the Asset Sale Payment for such tendered Securities, and the Trustee will promptly authenticate and mail (or
cause to be transferred by book entry) to each Holder a new Security equal in principal amount to any unpurchased portion of the Securities surrendered, if any, by such Holder; provided that each such new Security will be in a minimum
principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. 
 (g)    If the Asset Sale Payment Date
is after the taking of a record of the Holders on a record date and on or before the related Interest Payment Date, any accrued and unpaid interest will be paid to the Person in whose name a purchased Security is registered on such record date, and
no other interest will be payable to Holders who tender Securities pursuant to the Asset Sale Offer. 
 (h)    The
Company will comply with the requirements of Rule 14e-l under the Exchange Act and any other securities laws and regulations thereunder to the extent such laws and regulations are applicable in connection with
an Asset Sale Offer. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this Section 4.7, the Company will comply with the applicable securities laws and regulations and
will not be deemed to have breached its obligations under this Section 4.7 by virtue of the Company’s compliance with such securities laws or regulations. 

 

	Section 4.8	 Transactions with Affiliates 

(a)    The Company will not, and will not permit any of its Restricted Subsidiaries to, make any payment to, or sell,
lease, transfer or otherwise dispose of any of its properties or assets to, or purchase any property or assets from, or enter into or make or amend any transaction, contract, agreement, understanding, loan, advance or Guarantee with, or for the
benefit of, any Affiliate (each, an “Affiliate Transaction”) involving aggregate consideration to or from the Company or a Restricted Subsidiary in excess of $10.0 million, unless: 

(1)    such Affiliate Transaction is on terms that are no less favorable to the Company or the relevant Restricted
Subsidiary than those that could reasonably be expected to be obtained at the time of such transaction in arm’s-length dealings by the Company or such Restricted Subsidiary with a Person that is not an
Affiliate or, if in the good faith judgment of the Company, no comparable transaction is available with which to compare such Affiliate Transaction, such Affiliate Transaction is otherwise fair to the Company or such Restricted Subsidiary from a
financial point of view; and 

  
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 (2)    (A) the Company delivers to the Trustee with respect to any
Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration to or from the Company or a Restricted Subsidiary in excess of $20.0 million, an Officers’ Certificate certifying that such Affiliate
Transaction complies with the requirements of clause (1) above, and (B) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration to or from the Company or a Restricted
Subsidiary in excess of $50.0 million, a majority of the Disinterested Members of the Board of Directors, if any, (or, if there is only one Disinterested Member, such Disinterested Member) have approved such Affiliate Transaction(s), as
evidenced by a Board Resolution delivered to the Trustee and certified by an Officers’ Certificate as having been adopted by the Board of Directors. 

(b)    The following items shall not be deemed to be Affiliate Transactions and, therefore, will not be subject to the
provisions of Section 4.8(a) hereof: 
 (1)    any employment or severance agreement or other
employee, consulting, service, termination or director compensation agreement, arrangement or plan, (or any amendment thereto with respect thereto), or indemnification agreements, entered into by the Company or any Restricted Subsidiary with
officers and employees of the Company or any Restricted Subsidiary thereof and the payment of compensation to officers and employees of the Company or any Restricted Subsidiary thereof (including amounts paid pursuant to employee benefit plans,
employee stock option or similar plans), so long as such agreement or payment is in the ordinary course of business or has been approved by a majority of the Disinterested Members of the Board of Directors (or, if there is only one Disinterested
Member, such Disinterested Member); 
 (2)    transactions between or among the Company and/or its Restricted
Subsidiaries; 
 (3)    Restricted Payments that, in each case, are permitted by Section 4.4
hereof or Permitted Investments; 
 (4)    customary compensation, indemnification and other benefits made available to
officers, directors or employees of the Company or any Affiliate of the Company, including reimbursement or advancement of out-of-pocket expenses and provisions of
officers’ and directors’ liability insurance; 
 (5)    loans or advances to employees, officers or directors
in the ordinary course of business of the Company or any of its Restricted Subsidiaries, in each case only as permitted by Section 402 of the Sarbanes-Oxley Act of 2002, but in any event not to exceed $2.0 million in the aggregate
outstanding at any one time; 
 (6)    any transactions undertaken pursuant to any contracts in existence on the Issue
Date (as in effect on the Issue Date) and any renewals, replacements or modifications of such contracts (pursuant to new transactions or otherwise) on terms no less favorable to the Holders of the Securities than those in effect on the Issue Date;

  
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 (7)    in the case of (i) contracts for (A) drilling or other oil-field services or supplies, (B) the sale, storage, gathering, processing, treating, transport or disposal of hydrocarbons or water or activities or services reasonably related thereto or (C) the lease
or rental of office or storage space or (ii) other operation-type or administrative services contracts, any such contracts that are entered into in the ordinary course of business (x) which are fair to the Company and its Restricted
Subsidiaries, in the good faith determination of the Board of Directors of the Company or the senior management thereof or (y) which are on terms substantially similar to those contained in similar contracts entered into by the Company or any
Restricted Subsidiary and third parties or, if neither the Company nor any Restricted Subsidiary has entered into a similar contract with a third party, that the terms are on the whole not materially less favorable than those that would be
reasonably expected to be available from third parties on an arm’s-length basis, as determined in good faith by the Company; 

(8)    transactions with a Person (other than an Unrestricted Subsidiary) that is an Affiliate of the Company solely
because the Company owns, directly or through a Subsidiary, an Equity Interest in, or controls, such Person; 

(9)    any sale or other issuance of Equity Interests (other than Disqualified Stock) of the Company to, or receipt of a
capital contribution from, an Affiliate (or a Person that becomes an Affiliate) of the Company; 
 (10)    any
transaction in which the Company or any of its Restricted Subsidiaries, as the case may be, deliver to the Trustee a letter from an accounting, appraisal or investment banking firm of national standing stating that such transaction meets the
requirements of clause (1) of Section 4.8(a); 
 (11)    any transaction between the
Company or any Restricted Subsidiary on the one hand and any Person deemed to be an Affiliate solely because a director of such Person is also a director of the Company or a Restricted Subsidiary, on the other hand; provided that such
director abstains from voting as a director of the Company or the Restricted Subsidiary, as applicable, in connection with the approval of the transaction; and 

(12)    transactions with customers, clients, suppliers or purchasers or sellers of goods or services, in each case in the
ordinary course of the business of the Company and its Restricted Subsidiaries and otherwise in compliance with this Indenture; provided that such transactions are on terms substantially similar to those obtained by the Company or any
Restricted Subsidiary in similar transactions with third parties or, if neither the Company nor any Restricted Subsidiary has entered into a similar transaction with a third party, that are on the whole not materially less favorable than those that
would be reasonably expected to be available from third parties on an arm’s-length basis, as determined in good faith by the Company. 

 

	Section 4.9	 Additional Subsidiary Guarantees 

If, after the Issue Date, any Restricted Subsidiary of the Company that is not already a Guarantor guarantees any Indebtedness of the Company
or any Guarantor under a Credit Facility, then that Subsidiary will become a Guarantor by executing a supplemental indenture substantially in the form of Exhibit E hereto and delivering it along with an Officers’ Certificate and Opinion
of Counsel stating that the execution of the supplemental indenture is authorized and permitted by this Indenture and the Securities and constitutes a valid and legally binding obligation of such Restricted Subsidiary to the Trustee within 30 days
of the date on which it guaranteed such Indebtedness. 

  
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	Section 4.10	 Business Activities 

The Company will not, and will not permit any Restricted Subsidiary to, engage in any business other than the Oil and Gas Business, except to
such extent as would not be material to the Company and its Restricted Subsidiaries taken as a whole. 
  

	Section 4.11	 Change of Control 

(a)    If a Change of Control Triggering Event occurs, unless the Company has previously or concurrently exercised its
right to redeem all of the Securities pursuant to Section 3.07 hereof, each Holder of Securities will have the right to require the Company to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in
excess thereof) of that Holder’s Securities pursuant to the offer described below (the “Change of Control Offer”). In the Change of Control Offer, the Company will offer a payment (the “Change of Control
Payment”) in cash equal to 101% of the aggregate principal amount of Securities to be repurchased plus accrued and unpaid interest thereon, if any, to the date of purchase. Except as provided in Section 4.11(g)
below, no later than 30 days following any Change of Control Triggering Event, the Company will send a notice to each Holder (with a copy to the Trustee) describing the transaction or transactions that constitute the Change of Control Triggering
Event and offering to repurchase Securities on the date (the “Change of Control Payment Date”) specified in such notice, which date will be no earlier than 30 days nor later than 60 days from the date such notice is sent, pursuant
to the procedures required by this Indenture and described in such notice. The Company will comply with the requirements of Rule 14e-l under the Exchange Act and any other securities laws and regulations
thereunder to the extent such laws and regulations are applicable in connection with the repurchase of the Securities as a result of a Change of Control Triggering Event. To the extent that the provisions of any securities laws or regulations
conflict with the provisions of this Section 4.11, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this
Section 4.11 by virtue of the Company’s compliance with such securities laws or regulations. 

(b)    On the Change of Control Payment Date, the Company will, to the extent lawful: 

(1)    accept for payment all Securities or portions thereof properly tendered pursuant to the Change of Control Offer;

 (2)    deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Securities or
portions thereof so tendered; and 
 (3)    deliver or cause to be delivered to the Trustee the Securities so accepted
together with an Officers’ Certificate stating the aggregate principal amount of Securities or portions thereof being purchased by the Company. 

(c)    The Paying Agent will promptly mail (or cause to be transferred through the facilities of the Depositary) to each
Holder of Securities so tendered and not withdrawn the Change of Control Payment for such tendered Securities, and the Trustee will promptly authenticate and send (or cause to be transferred by book entry) to each Holder a new

  
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Security equal in principal amount to any unpurchased portion of the Securities surrendered, if any, by such Holder; provided that each such new Security will be in a minimum principal
amount of $2,000 or an integral multiple of $1,000 in excess thereof. The Trustee will notify the Registrar of the issuance of the new Security. 

(d)    If the Change of Control Payment Date is after the taking of a record of the Holders on a record date and on or
before the related Interest Payment Date, any accrued and unpaid interest will be paid to the Person in whose name a Security is registered on such record date, and no other interest will be payable to Holders who tender pursuant to the Change of
Control Offer. 
 (e)    The Company will announce to the Holders of Securities the results of the Change of Control
Offer on or as soon as practicable after the Change of Control Payment Date. 
 (f)    The provisions described above
that require the Company to make a Change of Control Offer following a Change of Control will be applicable regardless of whether or not any other provisions of this Indenture are applicable. 

(g)    The Company will not be required to make a Change of Control Offer upon a Change of Control Triggering Event if
(1) a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to a Change of Control Offer made by the Company and purchases all
Securities validly tendered and not withdrawn under such Change of Control Offer, (2) a notice of redemption for all outstanding Securities has been given in accordance with this Indenture, unless and until there is a default in payment of the
applicable Redemption Price or (3) in connection with or in contemplation of any publicly announced Change of Control, the Company has made an offer to purchase (an “Alternate Offer”) any and all Securities validly tendered at
a cash price equal to or higher than the Change of Control Payment and has purchased all Securities properly tendered in accordance with the terms of the Alternate Offer. 

(h)    A Change of Control Offer or an Alternate Offer may be made in advance of a Change of Control Triggering Event, and
conditioned upon the occurrence of such Change of Control Triggering Event, if a definitive agreement is in place for the Change of Control at the time of making the Change of Control Offer or Alternate Offer. 

(i)    If Holders of not less than 90% in aggregate principal amount of the outstanding Securities validly tender and do
not withdraw such Securities in a Change of Control Offer or Alternate Offer and the Company, or any other Person making a Change of Control Offer or Alternate Offer in lieu of the Company pursuant to Section 4.11(g),
purchases all of the Securities validly tendered and not withdrawn by such Holders, the Company will have the right, upon not less than 15 nor more than 60 days’ prior notice, given not more than 30 days following such purchase pursuant to the
Change of Control Offer or Alternate Offer described above, to redeem all Securities that remain outstanding following such purchase at a Redemption Price in cash equal to the applicable Change of Control Payment or Alternate Offer price, as
applicable, plus, to the extent not included in the Change of Control Payment or Alternate Offer price, as applicable, accrued and unpaid interest, if any, to the Redemption Date. Any redemption pursuant to this
Section 4.11(i) shall be made pursuant to the provisions of Sections 3.1 through 3.6 hereof. 

  
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	Section 4.12	 Maintenance of Office or Agency for Registration of Transfer, Exchange and Payment of Securities

 So long as any of the Securities shall remain outstanding, the Company will, in accordance with
Section 2.3 hereof, maintain an office or agency (which may be an office of the Trustee or an affiliate of the Trustee, or the Registrar) in the continental United States where the Securities may be surrendered for exchange
or registration of transfer and where the Securities may be presented or surrendered for payment. If the Company shall fail to maintain any such office or agency or shall fail to give such notice of the location or of any change in the location
thereof, such surrenders or presentations may be made at the designated Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee its agent to receive at the aforesaid office all such surrenders or presentations. The Company
may also from time to time designate one or more other offices or agencies in the continental United States where Securities may be presented or surrendered for any and all such purposes and may from time to time rescind such designations. The
Company will give to Trustee prompt written notice of the location of any such office or agency and of any change of location thereof. 
  

	Section 4.13	 Appointment to Fill a Vacancy in the Office of Trustee 

The Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in
Section 7.8, a Trustee, so that there shall at all times be a Trustee hereunder. 
  

	Section 4.14	 Provision as to Paying Agent 

(a)    If the Company shall appoint a Paying Agent other than the Trustee, in accordance with the terms of this Indenture,
it will cause such Paying Agent to execute and deliver to the Trustee an instrument in which such Agent shall undertake, subject to the provisions of this Section 4.14: 

(1)    that it will hold all sums held by it as such agent for the payment of the principal of, premium, if any, or
interest on the Securities (whether such sums have been paid to it by the Company or by any other obligor on the Securities) in trust for the benefit of the Holders of the Securities and will notify the Trustee of the receipt of sums to be so held;

 (2)    that it will give the Trustee notice of any failure by the Company (or by any other obligor on the Securities)
to make any payment of the principal of, premium, if any, or interest on the Securities when the same shall be due and payable; 

(3)    that it will at any time during the continuance of any Event of Default specified in
Section 6.1, upon the written request of the Trustee, deliver to the Trustee all sums so held in trust by it; and 

(4)    that it will acknowledge, accept and agree to comply in all aspects with the provisions of this Indenture relating
to the duties, rights and liabilities of such Paying Agent. 
 (b)    If the Company shall not act as its own Paying
Agent, it will, by 11:00 a.m. (New York City time) on the due date of the principal of or premium, if any, or interest on any Securities, deposit with such Paying Agent a sum in same day funds sufficient to pay the

  
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principal of, premium, if any, or interest so becoming due, such sum to be held in trust for the benefit of the Holders of Securities entitled to such principal of or premium, if any, or
interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its failure so to act. 

(c)    If the Company shall act as its own Paying Agent, it will, by 11:00 a.m., (New York City time) on each due date of
the principal of or premium, if any, or interest on the Securities, set aside, segregate and hold in trust for the benefit of the Persons entitled thereto, a sum sufficient to pay such principal or premium or interest so becoming due and will notify
the Trustee of any failure to take such action. 
 (d)    Anything in this Section 4.14 to the
contrary notwithstanding, the Company may, at any time, for the purpose of obtaining a satisfaction and discharge of this Indenture, or for any other reason, pay or cause to be paid to the Paying Agent for delivery to the Trustee all sums held in
trust by it, as required by this Section 4.14, such sums to be delivered by the Paying Agent to the Trustee to be held by the Trustee upon the trusts herein contained. 

(e)    Anything in this Section 4.14 to the contrary notwithstanding, the agreement to hold sums
in trust as provided in this Section 4.14 is subject to the provisions of Section 8.4 and Section 8.6. 

 

	Section 4.15	 Maintenance of Corporate Existence 

So long as any of the Securities shall remain outstanding, the Company will at all times (except as otherwise provided or permitted in this
Article V of this Indenture) do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence. 
  

	Section 4.16	 Compliance Certificate 

(a)    The Company and the Guarantors shall deliver to the Trustee within 90 days after the end of each fiscal year of the
Company, beginning with the fiscal year ended December 31, 2018, a statement (which need not be an Officers’ Certificate) signed by the principal executive officer, the principal accounting officer or the principal financial officer of each of
the Company and the Guarantors, stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officers with a view to determining whether each of the
Company and the Guarantors has performed its obligations under this Indenture, and further stating whether or not the signers know of any Default or Event of Default that occurred during such period. If they do, the certificate shall describe such
Default or Event of Default, its status and what action the Company is taking or proposes to take with respect thereto. 

(b)    So long as any of the Securities are outstanding, the Company will deliver to the Trustee, forthwith upon any
Officer becoming aware of any Default or Event of Default, an Officers’ Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to take with respect thereto. 

 

	Section 4.17	 Taxes 

The Company will pay, and will cause each of its Restricted Subsidiaries to pay, prior to delinquency, all material taxes, assessments and
governmental levies except such as are 

  
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contested in good faith and by appropriate proceedings or where the failure to effect such payment would not have a material adverse effect on the financial condition of the Company and its
Restricted Subsidiaries, taken as a whole. 
  

	Section 4.18	 Stay, Extension and Usury Laws 

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

	Section 4.19	 Covenant Termination 

From and after the occurrence of an Investment Grade Rating Event and upon the delivery by the Company to the Trustee of an Officers’
Certificate to the foregoing effect (the “Termination Date”), the Company and its Restricted Subsidiaries will no longer be subject to the provisions of this Indenture set forth in Sections 4.3, 4.4, 4.6,
4.7, 4.8, 4.10 and Clause (4) of Section 5.l(a). 
 After the foregoing provisions have
been terminated, the Company may not designate any of its Subsidiaries as Unrestricted Subsidiaries pursuant to the second sentence of the definition of “Unrestricted Subsidiary” in Section 1.1. 

The Trustee shall not have any obligation to monitor the ratings of the Securities or the occurrence or date of the Termination Date and may
rely conclusively on the Officers’ Certificate referred to in this Section 4.19. The Trustee shall not have any obligation to notify the Holders of the Securities of the occurrence or date of the Termination Date, but
may provide a copy of such Officers’ Certificate to any Holder of the Securities upon request. 
 ARTICLE V 

SUCCESSOR COMPANY 
  

	Section 5.1	 Merger, Consolidation or Sale of Assets 

(a)    The Company may not: (1) consolidate or merge with or into another Person (whether or not the Company is the
surviving corporation); or (2) sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of the properties or assets of the Company and its Restricted Subsidiaries taken as a whole, in one or more related
transactions, to another Person, unless: 
 (1)    either: 

(A)    the Company is the surviving corporation; or 

(B)    the Person formed by or surviving any such consolidation or merger (if other than the Company) or to
which such sale, assignment, transfer, lease, conveyance or other disposition shall have been made is a Person organized or existing under the laws of the United States, any state thereof or the District of Columbia; 

  
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 (2)    the Person formed by or surviving any such consolidation or
merger (if other than the Company) or the Person to which such sale, assignment, transfer, lease, conveyance or other disposition shall have been made assumes all the obligations of the Company under the Securities and this Indenture pursuant to a
supplemental indenture reasonably satisfactory to the Trustee; 
 (3)    immediately after such transaction no Default
or Event of Default exists; 
 (4)    either (a) the Company or the Person formed by or surviving any such
consolidation or merger (if other than the Company) would, on the date of such transaction after giving pro forma effect thereto and any related financing transactions as if the same had occurred at the beginning of the applicable four-quarter
period, be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in Section 4.3(a) hereof or (b) immediately after giving effect to such transaction on
a pro forma basis and any related financing transactions as if the same had occurred at the beginning of the applicable four-quarter period, the Fixed Charge Coverage Ratio of the Company is equal to or greater than the Fixed Charge Coverage Ratio
of the Company immediately before such transaction; and 
 (5)    the Company has delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, merger or disposition and such supplemental indenture (if any) comply with this Indenture and all conditions precedent herein relating to such transaction
have been satisfied and an Opinion of Counsel stating that the Securities and this Indenture constitute the valid and binding obligations of the Company (or, if applicable, the successor company). 

(b)    For purposes of this Section 5.1, the sale, assignment, transfer, lease, conveyance or
other disposition of all or substantially all of the properties or assets of one or more Subsidiaries of the Company, which properties or assets, if held by the Company instead of such Subsidiaries, would constitute all or substantially all of the
properties or assets of the Company on a consolidated basis, shall be deemed to be the transfer of all or substantially all of the properties or assets of the Company. 

(c)    Clauses (a)(3) and (a)(4) of this Section 5.1 will not apply to a sale, assignment,
transfer, conveyance or other disposition of assets between or among the Company and any of its Restricted Subsidiaries that are Guarantors. 
  

	Section 5.2	 Successor Substituted 

Upon any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the
properties or assets of the Company and its Restricted Subsidiaries taken as a whole in accordance with Section 5.1 hereof, the successor formed by such consolidation or into which the Company is merged or to which such
sale, assignment, transfer, lease, conveyance or other disposition is made (in each case, if not the Company) shall succeed to, and may exercise every right and power of, the Company under this Indenture and the Securities with the same effect as if
such successor had been named as the Company herein and shall be substituted for the Company (so that 

  
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from and after the date of such consolidation, merger, sale, assignment, transfer, lease, conveyance or other disposition, the provisions of this Indenture referring to the “Company”
shall refer instead to the successor and not to the predecessor); and thereafter, except in the case of such a disposition by way of a lease, the Company shall be discharged and released from all obligations and covenants under this Indenture and
the Securities. 
 ARTICLE VI 

DEFAULTS AND REMEDIES 
  

	Section 6.1	 Events of Default 

Each of the following is an “Event of Default”: 

(1)    default for 30 days in the payment when due of interest on the Securities; 

(2)    default in payment when due of the principal of, or premium, if any, on the Securities; 

(3)    failure by the Company to comply with its obligations to offer to purchase or purchase Securities under
Section 4.7 or 4.11 or its failure to comply with Section 5.1 hereof; 

(4)    failure by the Company for 180 days after receipt of written notice specified below to comply with
Section 4.2 hereof; 
 (5)    failure by the Company for 60 days after receipt of written
notice specified below to comply with any of its other agreements contained in this Indenture; 
 (6)    default under
any mortgage, indenture or instrument under which there is issued or by which there is secured or evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries (or the payment of which is Guaranteed by the
Company or any of its Restricted Subsidiaries), whether such Indebtedness or Guarantee now exists or is created, if that default: 

(A)    is caused by a failure to pay when due any principal on such Indebtedness prior to the expiration of
the grace period provided in such Indebtedness (a “Payment Default”); or 

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

and, in each case, the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under which there has been
a Payment Default or the maturity of which has been so accelerated, aggregates $50.0 million or more; provided, however, that if any such Payment Default is cured or waived or any such acceleration rescinded, or such Indebtedness is
repaid, within a period of 30 days from the continuation of such Payment Default beyond the applicable grace period or the occurrence of such acceleration, as the case may be, such Event of Default and any consequential acceleration of the
Securities shall be automatically rescinded, so long as such rescission does not conflict with any judgment or decree; 

  
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 (7)    failure by the Company or any of its Restricted Subsidiaries to
pay final judgments entered by a court or courts of competent jurisdiction aggregating in excess of $50.0 million (net of any amounts covered by insurance or a binding indemnity agreement), which judgments are not paid, discharged or stayed for
a period of 60 days; 
 (8)    any Subsidiary Guarantee of a Guarantor shall be held in any judicial proceeding to be
unenforceable or invalid or, except as permitted by this Indenture, shall cease for any reason to be in full force and effect or any Guarantor, or any Person acting on behalf of any Guarantor, shall deny or disaffirm its obligations under its
Subsidiary Guarantee, in each case with respect to any Guarantor that is a Significant Subsidiary or any group of Guarantors that, taken together, would constitute a Significant Subsidiary; and 

(9)    (A) the Company or any Restricted Subsidiary that is a Significant Subsidiary or any group of Restricted
Subsidiaries that, taken together, would constitute a Significant Subsidiary pursuant to or within the meaning of any Bankruptcy Law: 

(i)    commences a voluntary case or proceeding; 

(ii)    consents to the entry of an order for relief against it in an involuntary case or proceeding in
which it is a debtor; 
 (iii)    consents to the appointment of a custodian of it or for any
substantial part of its property; 
 (iv)    makes a general assignment for the benefit of its
creditors; or 
 (v)    consents to the institution of a bankruptcy or an insolvency proceeding against
it; or takes any comparable action under any foreign laws relating to insolvency; or 
 (B)    a court of
competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (i)    is for relief
against the Company or any Significant Subsidiary or a group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary in an involuntary case in which it is a debtor; 

(ii)    appoints a custodian of the Company or any Significant Subsidiary or a group of Restricted
Subsidiaries that, taken together, would constitute a Significant Subsidiary or for any substantial part of its property; or 

(iii)     orders the winding up or liquidation of the Company or any Significant Subsidiary or a group of
Restricted Subsidiaries that, taken together would constitute a Significant Subsidiary; or any similar relief is granted under any foreign laws and the order, decree or relief remains unstayed and in effect for 60 consecutive days. 

However, a Default under clauses (4) and (5) of this Section 6.1 will not constitute an Event of Default until
the Trustee or the Holders of at least 25% in principal amount of the 

  
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outstanding Securities notify the Company of the Default and the Company does not cure such Default within the time specified in clauses (4) and (5) of this
Section 6.1 after receipt of such notice. Such notice must specify the Default, demand that it be remedied and state that such notice is a “Notice of Default.” 

 

	Section 6.2	 Acceleration of Maturity; Rescission and Annulment 

If an Event of Default (other than an Event of Default described in clause (9) of Section 6.1) occurs and is
continuing, the Trustee by notice to the Company, or the Holders of at least 25% in principal amount of the outstanding Securities by notice to the Company and the Trustee, may declare the principal of, and accrued and unpaid interest, if any, on
all the Securities to be due and payable. Upon such a declaration, such principal and accrued and unpaid interest will be due and payable immediately. If an Event of Default described in clause (9) of Section 6.1 above
occurs and is continuing, the principal of, and accrued and unpaid interest on all the Securities will become and be immediately due and payable without any further action or notice on the part of the Trustee or any Holders. The Holders of a
majority in outstanding principal amount of the Securities by notice to the Trustee may on behalf of the Holders of all the Securities rescind any such acceleration with respect to the Securities and its consequences if (1) rescission would not
conflict with any judgment or decree of a court of competent jurisdiction and (2) all existing Events of Default, other than the nonpayment of the principal of, and interest on the Securities that have become due solely by such declaration of
acceleration, have been cured or waived. 
  

	Section 6.3	 Other Remedies 

If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of principal of, premium
(if any) or interest on the Securities or to enforce the performance of any provision of the Securities or this Indenture. 
 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 to the extent permitted by law. 

 

	Section 6.4	 Waiver of Past Defaults 

The Holders of a majority in outstanding principal amount of the Securities, by notice to the Trustee may on behalf of the Holders of all the
Securities waive an existing Default or Event of Default and its consequences hereunder except a Default or Event of Default in respect of a provision that under Section 9.2 hereof cannot be amended without the consent of each Holder affected.
When a Default or Event of Default is waived, it is deemed cured, but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any consequent right. 

 

	Section 6.5	 Control by Majority 

The Holders of a majority in outstanding principal amount of the Securities have the right to direct the time, method and place of conducting
any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. 

  
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However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or, subject to Section 7.1 hereof, that the Trustee determines is
unduly prejudicial to the rights of other Holders (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such direction is unduly prejudicial to such other Holders) or would involve the Trustee in
personal liability; provided, however, that the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. Subject to Section 7.1, prior to taking any action
hereunder, the Trustee shall be entitled to indemnification satisfactory to it against all loss, liability and expense caused by taking or not taking such action. 
  

	Section 6.6	 Limitation on Suits 

Except to enforce the right to receive payment of principal, premium (if any) or interest when due, a Holder may not pursue any remedy with
respect to this Indenture, the Securities or the Subsidiary Guarantees unless: 
 (1)    the Holder has previously given
the Trustee written notice stating that an Event of Default is continuing; 
 (2)    Holders of at least 25% in
outstanding principal amount of the Securities have made a written request to the Trustee to pursue the remedy; 

(3)    such Holder or Holders have furnished the Trustee security or indemnity satisfactory to it against any loss,
liability or expense; 
 (4)    the Trustee has not complied with the Holders’ request within 60 days after receipt
of the request and the furnishing of security or indemnity; and 
 (5)    the Holders of a majority in outstanding
principal amount of the Securities have not given the Trustee a direction that, in the opinion of the Trustee, is inconsistent with the request during such 60-day period. 

A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it
being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such use by a Holder prejudices the rights of any other Holders or obtains preference or priority over such other Holders). 

 

	Section 6.7	 Rights of Holders to Receive Payment 

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

	Section 6.8	 Collection Suit by Trustee 

If an Event of Default specified in Section 6.1(1) or Section 6.1(2) hereof occurs and is
continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company or any Guarantor for the whole amount then due and owing (together with interest on any unpaid interest to the extent lawful) and the
amounts provided for in Section 7.7 hereof to cover the costs and expenses of collection, including the reasonable compensation, disbursement and advances of the Trustee, its agents and counsel. 

  
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	Section 6.9	 Trustee May File Proofs of Claim 

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 or any Guarantor or their respective creditors or properties and, unless prohibited by law or applicable regulations, may vote on behalf of the Holders in any
election of a trustee in bankruptcy or other Person performing similar functions, and any custodian in any such judicial proceeding is hereby authorized by each Holder to make payments to the Trustee and, in the event that the Trustee shall consent
to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the compensation, expenses, disbursements and advances of the Trustee, its agents and its counsel, and any other amounts due the Trustee under
Section 7.7 hereof. 
  

	Section 6.10	 Priorities 

If the Trustee collects any money or property pursuant to this Article VI, it shall pay out the money or property in the following
order: 
 First: costs and expenses of collection, including all sums paid or advanced by the Trustee hereunder and the
compensation, expenses and disbursements of the Trustee, its agents, and counsel and all other amounts due to the Trustee under Section 7.7 hereof; 

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

Third: to the Company or to such party as a court of competent jurisdiction shall direct. 

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, 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 6.7 hereof or a suit by Holders of more than 10% in outstanding principal amount of the Securities. 

  
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 ARTICLE VII 

TRUSTEE 
  

	Section 7.1	 Duties of Trustee 

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

(b)    Except during the continuance of an Event of Default: (i) the Trustee undertakes to perform such duties and
only such duties as are specifically set forth in this Indenture and no implied covenants or obligations shall be read into this Indenture against the Trustee; and (ii) in the absence of bad faith on its part, the Trustee may conclusively rely,
as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, in the case of any such certificates or
opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall examine the 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 Section 7.1(c) does not limit the effect of Section 7.1(b)
hereof; 
 (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; and 
 (3)    the Trustee shall not be
liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.5 hereof. 

(d)    Every provision of this Indenture that in any way relates to the Trustee is subject to this
Section 7.1. 
 (e)    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. 
 (f)    Money held in trust by the Trustee need not be
segregated from other funds except to the extent required by law. 
 (g)    No provision of this Indenture shall require
the Trustee to 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 security or indemnity against such risk or liability is not reasonably assured to it. 

  
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	Section 7.2	 Rights of Trustee. 

(a)    The Trustee may rely on any document believed by it to be genuine and to have been signed or presented by the proper
Person. The Trustee need not investigate any fact or matter stated in the document. 
 (b)    Before the Trustee acts or
refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on the Officers’ Certificate or Opinion of Counsel.

 (c)    The Trustee may act through its attorneys and agents 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 conferred upon it by this Indenture. 

(e)    The Trustee may consult with counsel, and the advice or opinion of counsel with respect to legal matters relating
to this Indenture and the Securities shall be full and complete authorization and protection from liability in respect to any action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or opinion of such
counsel. 
 (f)    Except for (i) a default under Section 6.1(1) or
Section 6.1(2) hereof, or (ii) any other event of which the Trustee has actual knowledge and which event, with the giving of notice or the passage of time or both, would constitute an Event of Default under this
Indenture, the Trustee shall not be deemed to have notice of any default or event unless specifically notified in writing of such event by the Company or by the Holders of at least 25% of the aggregate principal amount of the Securities. 

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

(h)    The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at
the request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by
it in compliance with such request or direction. 
 (i)    The rights, privileges, protections, immunities and benefits
given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder.

 (j)    The Trustee shall not be required to give any bond or surety in respect of the performance of its powers and
duties hereunder. 
 (k)    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. 

  
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 (l)    The Company will be responsible for making calculations called
for under the Securities, including but not limited to determination of Additional Interest, Redemption Price, premium, if any, and any other amounts payable on the Securities. The Company will make the calculations in good faith and, absent
manifest error, its calculations will be final and binding on the Holders of the Securities. The Company will provide a schedule of its calculations to the Trustee when applicable, and the Trustee is entitled to rely conclusively on the accuracy of
the Company’s calculations without independent verification. 
  

	Section 7.3	 Individual Rights of Trustee 

The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or
its Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such
conflict within 90 days, apply to the SEC for permission to continue as Trustee or resign. The Trustee is also subject to Sections 7.10 and 7.11 hereof. 
  

	Section 7.4	 Trustee’s Disclaimer 

The Trustee shall not be responsible for and 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, it shall not be responsible for the use or application of any money received by any Paying Agent (other than itself as Paying Agent), and it shall not be
responsible for any statement of the Company in this Indenture or in any document issued in connection with the sale of the Securities or in the Securities other than the Trustee’s certificate of authentication. Under no circumstances shall the
Trustee be liable in its individual capacity for the obligations evidenced by the Securities. 
  

	Section 7.5	 Notice of Defaults 

If a Default or Event of Default occurs and is continuing and if a Trust Officer has knowledge thereof as set forth in
Section 7.2(f), the Trustee shall send to each Holder notice of the Default or Event of Default within 90 days after it occurs. Except in the case of a Default or Event of Default relating to payment of principal of, premium, if any, or
interest on, any Security (including payments pursuant to the redemption or required repurchase provisions of such Security), the Trustee may withhold the notice if and so long as its board of directors, the executive committee of its board of
directors or a committee of its Trust Officers in good faith determines that withholding the notice is in the interests of Holders. 
  

	Section 7.6	 Reports by Trustee to Holders 

(a)    Within 60 days after each March 15 beginning with the March 15 following the date of this Indenture, the
Trustee shall mail to each Holder a brief report that complies with Trust Indenture Act Section 313(a) (but if no event described in Trust Indenture Act §313(a) has occurred within the 12 months preceding the reporting date, no report need
be transmitted). The Trustee also shall comply with Trust Indenture Act Section 313(b). The Trustee shall also transmit by mail all reports required by Trust Indenture Act Section 313(c). 

(b)    A copy of each report at the time of its mailing to Holders shall be mailed to the Company and filed with the SEC
and each stock exchange (if any) on which the Securities are listed. The Company agrees to notify promptly the Trustee whenever the Securities become listed on any stock exchange and of any delisting thereof. 

  
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	Section 7.7	 Compensation and Indemnity  

(a)    The Company shall pay to the Trustee from time to time, and the Trustee shall be entitled to, reasonable
compensation for its services hereunder and under the Securities as the Company and the Trustee shall from time to time agree in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express
trust. The Company shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred or made by it, including costs of collection, costs of
preparing and reviewing reports, certificates and other documents, costs of preparation and mailing of notices to Holders and reasonable costs of counsel retained by the Trustee in connection with the delivery of an Opinion of Counsel or otherwise,
in addition to the compensation for its services. Such expenses shall include the reasonable compensation and expenses, disbursements and advances of the Trustee’s agents and counsel. The Company and the Guarantors shall, jointly and severally,
indemnify, defend, protect and hold harmless the Trustee (in its individual and trustee capacities) and its officers, directors and agents from and against any and all loss, liability, claims, action, suit, cost or expense (including reasonable
attorneys’ fees and court costs) of any kind and nature whatsoever incurred by it in connection with the acceptance or administration of this Indenture and the trusts thereunder or the performance of its duties hereunder and under the
Securities, including the costs and expenses of enforcing this Indenture (including this Section 7.7) and of defending itself against any claims (whether asserted by any Holder, the Company or otherwise). The Trustee shall
notify the Company promptly of any claim for which it may seek indemnity of which it has received written notice. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend
the claim and the Trustee may have separate counsel and the Company shall pay the fees and expenses of such counsel. The Company is not required to reimburse any expense or indemnify against any loss, liability claim, again, suit, cost or expense
incurred by the Trustee through the Trustee’s own willful misconduct or gross negligence as determined by a court of competent jurisdiction in a final, non-appealable judgment. 

(b)    To secure the Company’s and the Guarantors’ payment obligations in this
Section 7.7, the Trustee shall have a lien prior to the Securities on all money or property held or collected by the Trustee other than money or property held in trust to pay principal of, premium (if any) and interest on
particular Securities. 
 (c)    The Company’s and the Guarantors’ obligations pursuant to this
Section 7.7 shall survive the discharge of this Indenture and the resignation or removal of the Trustee. Without prejudice to any other rights available to the Trustee under applicable law, when the Trustee incurs expenses
after the occurrence of a Default specified in Section 6.1(9) hereof with respect to the Company, the expenses are intended to constitute expenses of administration under any Bankruptcy Law. 

 

	Section 7.8	 Replacement of Trustee 

(a)    A resignation or removal of the Trustee and appointment of a successor Trustee will become effective only upon the
successor Trustee’s acceptance of appointment as provided in this Section 7.8. 

  
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 (b)    The Trustee may resign at any time by so notifying the Company.
The Holders of a majority in outstanding principal amount of the Securities may remove the Trustee upon 30 days’ prior notice by so notifying the Trustee and the Company and may appoint a successor Trustee. The Company may remove the Trustee
if: (i) the Trustee fails to comply with Section 7.10 hereof; (ii) the Trustee is adjudged bankrupt or insolvent; (iii) a custodian or other public officer takes charge of the Trustee or its property; or
(iv) the Trustee otherwise becomes incapable of acting. 
 (c)    If the Trustee resigns or is removed by the
Company or by the Holders of a majority in outstanding principal amount of the Securities and such Holders do not reasonably promptly appoint a successor Trustee, or if a vacancy exists in the office of Trustee for any reason (the Trustee in such
event being referred to herein as the retiring Trustee), the Company shall promptly appoint a successor Trustee. 

(d)    A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the
Company. Thereupon 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. The successor Trustee shall mail a notice of
its succession to the Holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, subject to the lien provided for in Section 7.7 hereof. 

(e)    If a successor Trustee does not take office within 30 days after the retiring Trustee resigns or is removed, the
retiring Trustee (at the expense of the Company) or the Holders of 10% in outstanding principal amount of the Securities may petition any court of competent jurisdiction for the appointment of a successor Trustee. 

(f)    If the Trustee fails to comply with Section 7.10 hereof after written notice thereto, the
Holders of at least 10% in principal amount of the then outstanding Securities may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

(g)    Notwithstanding the replacement of the Trustee pursuant to this Section 7.8, the
Company’s obligations under Section 7.7 hereof shall continue for the benefit of the retiring Trustee. 
  

	Section 7.9	 Successor Trustee by Merger 

(a)    If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust
business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation or banking association without any further act shall be the successor Trustee. 

(b)    If at the time such successor or successors by merger, conversion or consolidation to the Trustee shall succeed to
the trusts created by this Indenture, any of the Securities shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor Trustee, and deliver such Securities so
authenticated; and if at that time any of the Securities shall not have been authenticated, any successor to the Trustee may authenticate such Securities either in the name of any predecessor hereunder or in the name of the successor to the Trustee;
and in all such cases such certificates shall have the full force which it is anywhere in the Securities or in this Indenture provided that the certificate of the Trustee shall have. 

  
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	Section 7.10	 Eligibility; Disqualification 

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

  

	Section 7.11	 Preferential Collection of Claims Against Company 

The Trustee shall comply with Trust Indenture Act Section 311(a), excluding any creditor relationship listed in Trust Indenture Act
Section 311(b). A Trustee who has resigned or been removed shall be subject to Trust Indenture Act Section 311(a) to the extent indicated. 

ARTICLE VIII 
 DISCHARGE
OF INDENTURE; DEFEASANCE 
  

	Section 8.1	 Discharge of Liability on Securities; Defeasance  

(a)    Subject to Section 8.1(c) hereof, when (i)(x) the Company delivers to the Trustee all
outstanding Securities (other than Securities replaced pursuant to Section 2.7 hereof) for cancellation or (y) all outstanding Securities not theretofore delivered to the Trustee for cancellation have become due and
payable at their scheduled maturity or (z) all outstanding Securities not theretofore delivered to the Trustee for cancellation have become scheduled for redemption within one year under arrangements satisfactory to the Trustee as a result of
the giving of notice of redemption by the Trustee in the name and at the expense of the Company in accordance with Article III hereof, (ii) the Company irrevocably deposits or causes to be deposited with the Trustee as trust funds in
trust solely for the benefit of the Holders money in U.S. dollars, Government Securities, or a combination thereof, in such amounts as will be sufficient in the opinion of a nationally recognized firm of independent public accountants (in the case
of Government Securities) without consideration of any reinvestment of interest to pay and discharge the entire Indebtedness on such Securities not theretofore delivered to the Trustee for cancellation for principal, premium, if any, and accrued
interest to the date of Stated Maturity or redemption, (iii) the Company has paid or caused to be paid all sums then payable by it under this Indenture and the Securities and (iv) the Company has delivered irrevocable instructions to the
Trustee to apply the deposited money toward the payment of such Securities at Stated Maturity or the Redemption Date, as the case may be, then the Trustee shall acknowledge satisfaction and discharge of this Indenture and the obligations of the
Company and the Guarantors under the Securities and the Subsidiary Guarantees, on demand of the Company (accompanied by an Officers’ Certificate and an Opinion of Counsel stating that all conditions precedent specified herein relating to the
satisfaction and discharge of this Indenture have been complied with) and at the cost and expense of the Company. 

(b)    Subject to Section 8.2 hereof, the Company at its option at any time may terminate
(i) all its obligations, except as specified in Section 8.1(c) hereof, under the Securities and this Indenture and all obligations of the Guarantors with respect to their Subsidiary Guarantees (“legal
defeasance option”), and after giving effect to such legal 

  
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defeasance, any omission to comply with such obligations shall no longer constitute a Default or Event of Default or (ii) its obligations under Section 4.2,
Section 4.3, Section 4.4, Section 4.5, Section 4.6, Section 4.7, Section 4.8,
Section 4.9, Section 4.10 and Section 4.11 hereof, except to the extent such obligations are imposed by Section 318(c) of the Trust Indenture Act, and clause (a)(4)
of Section 5.1 hereof, and 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 Section, whether directly or indirectly, by reason of any
reference elsewhere herein to any such Section or by reason of any reference in any such Section to any other provision herein or in any other document and such omission to comply with such Sections shall no longer constitute a Default or an Event
of Default under Section 6.1(3) (solely as it relates to clause (a)(4) of Section 5.1) and Section 6.1(4) hereof and the operation of Section 6.1
(5), Section 6.1(6), Section 6.1(7), Section 6.1(8) hereof and (with respect only to Significant Subsidiaries) Section 6.1(9) hereof, and the
events specified in such Sections shall no longer constitute an Event of Default (this clause (ii) being referred to as the “covenant defeasance option”), but otherwise the remainder of this Indenture and the Securities shall
be unaffected thereby. The Company may exercise its legal defeasance option notwithstanding its prior exercise of its covenant defeasance option. If the Company exercises its legal defeasance option or its covenant defeasance option, each Guarantor
shall be released from its obligations with respect to its Subsidiary Guarantee as provided in Section 10.9(b) hereof. 

If the Company exercises its legal defeasance option, payment of the Securities may not be accelerated because of an Event of Default. If the
Company exercises its covenant defeasance option, payment of the Securities may not be accelerated because of an Event of Default specified in Section 6.1(4), Section 6.1(5),
Section 6.1(6), Section 6.1(7), Section 6.1(8) hereof and (with respect only to Significant Subsidiaries) Section 6.1(9) hereof or the failure of
the Company to comply with clause (a)(4) of Section 5.1 hereof. 
 Upon satisfaction of the conditions set forth
herein and upon request of the Company, the Trustee shall acknowledge in writing the discharge of those obligations that the Company terminates. 

(c)    Notwithstanding the provisions of Section 8.1(a) and
Section 8.1(b) hereof, the obligations of the Company in Section 2.3, Section 2.4, Section 2.5, Section 2.6,
Section 2.7, Section 2.9, Section 7.7, Section 7.8 hereof, and in this Article VIII shall survive until the Securities have been paid in
full. Thereafter, the obligations of the Company in Section 7.7, Section 8.4 and Section 8.5 hereof shall survive. 

 

	Section 8.2	 Conditions to Defeasance 

The Company may exercise its legal defeasance option or its covenant defeasance option only if: 

(1)    the Company shall have irrevocably deposited with the Trustee, in trust, for the benefit of the Holders of the
Securities, cash in U.S. dollars, non-callable Government Securities, or a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public
accountants, to pay the principal of, premium, if any, and interest on the outstanding Securities on the Stated Maturity or on the applicable Redemption Date, as the case may be, and the Company must specify whether the Securities are being defeased
to Stated Maturity or to a particular Redemption Date; provided that if such redemption is made as provided in Section 3.7(c), (x) the amount of cash in U.S. dollars,
non-callable Government Securities, or a combination 

  
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thereof, that must be irrevocably deposited will be determined using an assumed Make Whole Premium calculated as of the date of such deposit and (y) the depositor must irrevocably deposit or
cause to be deposited additional money in trust on the redemption date as necessary to pay the Make Whole Premium as determined on or prior to such date (the amount of such additional money, the “Make Whole Deficit”) (it being
understood that any legal defeasance option or covenant defeasance option shall be subject to the condition subsequent that such Make Whole Deficit is in fact paid); provided, further, that the Trustee shall have no liability whatsoever in
the event that such Make Whole Deficit is not in fact paid after any legal defeasance option or covenant defeasance option is exercised. Any Make Whole Deficit will be set forth in an Officers’ Certificate delivered to the Trustee
simultaneously with the deposit of such Make Whole Deficit that confirms that such Make Whole Deficit will be applied toward such redemption; 

(2)    in the case of the legal defeasance option, the Company shall have delivered to the Trustee an Opinion of Counsel
reasonably acceptable to the Trustee confirming that (a) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or (b) since the Issue Date, there has been a change in the applicable federal
income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the outstanding Securities will not recognize income, gain or loss for federal income tax purposes as a result of such
legal defeasance option 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 option had not occurred; 

(3)    in the case of the covenant defeasance option, the Company shall have delivered to the Trustee an Opinion of
Counsel reasonably acceptable to the Trustee confirming that the Holders of the outstanding Securities will not recognize income, gain or loss for federal income tax purposes as a result of such covenant defeasance option 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 option had not occurred; 

(4)    no Default or Event of Default shall have occurred and be continuing on the date of such deposit (other than a
Default or Event of Default resulting from the borrowing of funds to be applied to such deposit or the grant of any Lien securing such borrowings); 

(5)    such legal defeasance option or covenant defeasance option will not result in a breach or violation of, or
constitute a default under, any material agreement or instrument (other than this Indenture and the agreements governing any other Indebtedness being defeased, discharged or replaced) to which the Company or any of its Restricted Subsidiaries is a
party or by which the Company or any of its Restricted Subsidiaries is bound; 
 (6)    the Company shall have delivered
to the Trustee an Officers’ Certificate stating that the deposit was not made by the Company with the intent of preferring the Holders of Securities over the other creditors of the Company with the intent of defeating, hindering, delaying or
defrauding creditors of the Company or others; and 
 (7)    the Company shall have delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel, stating that all conditions precedent relating to the legal defeasance option or the covenant defeasance option have been complied with. 

  
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	Section 8.3	 Delivery and Application of Trust Money 

The Trustee shall hold in trust money or Government Securities deposited with it pursuant to this Article VIII. It shall apply the
deposited money and the money from Government Securities in accordance with this Indenture to the payment of principal, premium, if any, of and interest on the Securities. 
  

	Section 8.4	 Repayment to Company 

The Trustee and each Paying Agent shall promptly turn over to the Company upon request any excess money or securities held by them upon payment
of all the obligations under this Indenture. 
 Subject to any applicable abandoned property law, the Trustee and each Paying Agent shall
pay to the Company upon request any money held by them for the payment of principal of, or premium, if any, or interest on the Securities that remains unclaimed for two years (or any such money then held by the Company or any Subsidiary shall be
discharged from any trust hereunder), and, thereafter, Holders entitled to the money must look to the Company for payment as unsecured general creditors; provided, however, that, if any Definitive Securities are then outstanding, 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 will not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining will be repaid to the Company. 

 

	Section 8.5	 Indemnity for Government Securities 

The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against deposited Government
Securities or the principal and interest received on such Government Securities. 
  

	Section 8.6	 Reinstatement 

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

  
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 ARTICLE IX 

AMENDMENTS 
  

	Section 9.1	 Without Consent of Holders  

The Company, the Guarantors and the Trustee may amend or supplement this Indenture, the Securities or the Subsidiary Guarantees without notice
to or consent of any Holder: 
 (1)    to cure any ambiguity, defect, inconsistency, omission or mistake; 

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

(3)    to provide for the assumption of the Company’s or a Guarantor’s obligations to Holders of the Securities
in the case of a merger or consolidation or sale of all or substantially all of the Company’s or a Guarantor’s properties or assets in compliance with this Indenture; 

(4)    to add or release Guarantors in compliance with this Indenture; 

(5)    to make any change that would provide any additional rights or benefits to the Holders, add Events of Default or
surrender any right or power conferred upon the Company or any Guarantor or that in the opinion of the Company does not adversely affect in any material respect the legal rights hereunder of any Holder; 

(6)    to conform to the description of the Initial Securities under the caption “Description of the Notes” in
the offering memorandum of the Company dated August 7, 2018 relating to the initial offering of the Securities; 

(7)    to secure the Securities, including pursuant to the requirements of Section 4.5; 

(8)    to comply with the requirements of the SEC in order to effect or maintain the qualification of this Indenture under
the Trust Indenture Act; 
 (9)    to comply with requirements of the Depositary with respect to the Securities; 

(10)    to provide for the issuance of Exchange Securities or Additional Securities. 

 

	Section 9.2	 With Consent of Holders 

The Company, the Guarantors and the Trustee may amend or supplement this Indenture, the Securities or the Subsidiary Guarantees with the
consent of the Holders of a majority in principal amount of the then outstanding Securities (including consents obtained in connection with the purchase of, or tender offer or exchange offer for, Securities). Subject to the following sentence, any
existing Default or compliance with any provision of this Indenture, the Securities or the Subsidiary Guarantees may be waived with the consent of the Holders of at least a majority in principal amount of the then outstanding Securities (including
consents obtained in connection with a purchase of, or tender offer or exchange 

  
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offer for, Securities). However, without the consent of each Holder, an amendment, supplement or waiver may not (with respect to any Securities held by a
non-consenting Holder): 
 (1)    reduce the principal amount of Securities
whose Holders must consent to an amendment, supplement or waiver; 
 (2)    reduce the principal of or change the fixed
maturity of any Security or alter or waive the provisions with respect to the redemption of the Securities (other than provisions relating to Section 4.7 or 4.11 or provisions relating to minimum notices required for
redemption of Securities described in Article III or in the terms of the Securities); 
 (3)    reduce the rate
of or change the time for payment of interest on any Security; 
 (4)    waive a Default or Event of Default in the
payment of principal of or premium, if any, or interest on the Securities, except a Default in payments that have become due solely because of an acceleration of the Securities that has been rescinded; 

(5)    make any Security payable in a currency other than that stated in the Securities; 

(6)    make any change in the provisions of this Indenture relating to waivers of past Defaults or the rights of Holders
of Securities to receive payments of principal of or premium, if any, or interest on the Securities (except as permitted by clause (2) above); 

(7)    release any Guarantor from its obligations under its Subsidiary Guarantee except in accordance with the terms of
this Indenture; or 
 (8)    make any change in the preceding amendment, supplement and waiver provisions of this
Section 9.2 
 The consent of the Holders is not necessary under this Section 9.2 to
approve the particular form of any proposed amendment or waiver. It is sufficient if the consent approves the substance of the proposed amendment or waiver. 

After an amendment, supplement or waiver under this Section 9.2 becomes effective, the Company shall mail to each
Holder of Securities affected thereby a notice briefly describing such amendment. The failure to give such notice to any or all Holders, or any defect therein, shall not impair or affect the validity of any amendment, supplement or waiver under this
Section 9.2. 
  

	Section 9.3	 Compliance with Trust Indenture Act 

Every amendment to this Indenture, the Securities or the Subsidiary Guarantees shall comply with the Trust Indenture Act as then in effect.

  

	Section 9.4	 Notation on or Exchange of Securities 

If an amendment or supplement changes the terms of a Security, 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 regarding the changed terms and return it to the Holder. 

  
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 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, but the failure to make the appropriate notation or to issue a new Security shall not affect the validity and effect of such amendment or supplement. 

 

	Section 9.5	 Trustee to Sign Amendments 

The Trustee shall sign any amendment or supplement authorized pursuant to this Article IX if the amendment or supplement does not
adversely affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may but need not sign it. In signing such amendment or supplement the Trustee shall be entitled to receive, and (subject to
Section 7.1 hereof) shall be fully protected in relying upon, an Officers’ Certificate and an Opinion of Counsel stating that the execution of such amendment or supplement is authorized or permitted by this Indenture
and is valid, binding and enforceable against the Company or any Guarantor, as the case may be, in accordance with its terms. 
 ARTICLE X

 SUBSIDIARY GUARANTEES 
  

	Section 10.1	 Subsidiary Guarantees 

Each Guarantor which is a party hereto or becomes a party hereto by executing and delivering a supplement to this Indenture pursuant to
Section 4.9 hereof, jointly and severally, unconditionally Guarantees to each Holder and to the Trustee and its successors and assigns the full and punctual payment of principal of, premium (if any) and interest on the
Securities when due, whether at Stated Maturity, or upon redemption, required repurchase pursuant to Section 4.7 or Section 4.11 hereof, acceleration or otherwise, and all other monetary
obligations owing by the Company under this Indenture (including obligations owing to the Trustee) and the Securities (all the foregoing being hereinafter collectively called the “Obligations”). The Guarantors further agree that the
Obligations may be extended or renewed, in whole or in part, without notice or further assent from the Guarantors, and that the Guarantors will remain bound under this Article X notwithstanding any extension or renewal of any Obligation. 

The Guarantors waive presentation to, demand of payment from and protest to the Company of any of the Obligations and also waive notice of
protest for nonpayment. The Guarantors waive notice of any Default under the Securities or the Obligations. The obligations of the Guarantors hereunder shall not be affected by: (i) the failure of any Holder or the Trustee to assert any claim
or demand or to enforce any right or remedy against the Company or any other Person under this Indenture, the Securities or any other agreement or otherwise; (ii) any extension or renewal of any Obligation; (iii) any rescission, waiver,
amendment, modification or supplement of any of the terms or provisions of this Indenture (other than this Article X), the Securities or any other agreement; (iv) the release of security, if any, held by any Holder or the Trustee for the
Obligations or any of them; (v) the failure of any Holder or the Trustee to exercise any right or remedy against any other guarantor of the Obligations; (vi) any change in the ownership of the Company; or (vii) any other act or thing
or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the risk of the Guarantors or would otherwise operate as a discharge of the Guarantors as a matter of law or equity, except for payment of the
Securities in full. 

  
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 The Guarantors, jointly and severally, further agree that their Subsidiary Guarantees herein
constitute a guarantee of payment when due (and not a guarantee of collection) and waive any right to require that any resort be had by any Holder or the Trustee to security, if any, held for payment of the Obligations. 

The obligations of the Guarantors hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason
(except to the extent provided in Section 10.2 hereof), including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense, setoff, counterclaim, recoupment or termination
whatsoever or by reason of the invalidity, illegality or unenforceability of the Obligations or otherwise. 
 The Guarantors, jointly and
severally, further agree that their Subsidiary Guarantees herein shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by any
Holder or the Trustee upon the bankruptcy or reorganization of the Company or otherwise. 
 In furtherance of the foregoing and not in
limitation of any other right which any Holder or the Trustee has at law or in equity against the Guarantors by virtue hereof, upon the failure of the Company to pay any Obligation when and as the same shall become due, whether at Stated Maturity,
upon redemption, required repurchase, acceleration or otherwise, the Guarantors hereby promise to and will, upon receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in cash, to the Holders or the Trustee an amount equal to
the sum of (i) the unpaid principal amount of such Obligations, (ii) accrued and unpaid interest on such Obligations (but only to the extent not prohibited by law) and (iii) all other monetary Obligations of the Company to the Holders
and the Trustee. 
 The Guarantors, jointly and severally, agree that, as between the Guarantors, on the one hand, and the Holders and the
Trustee, on the other hand, (x) the maturity of the Obligations may be accelerated as provided in Article VI for the purposes of the Subsidiary Guarantee herein, notwithstanding any stay, injunction or other prohibition preventing such
acceleration in respect of the Obligations, and (y) in the event of any declaration of acceleration of such Obligations as provided in Article VI, such Obligations (whether or not due and payable) shall forthwith become due and payable
by the Guarantors for the purposes of this Section 10.1. 
 The Guarantors, jointly and severally, also agree to
pay any and all costs and expenses (including reasonable attorneys’ fees) incurred by the Trustee or any Holder in enforcing any rights under this Section 10.1. 

 

	Section 10.2	 Limitation on Liability 

Each Guarantor, and by its acceptance of Securities, each Holder, hereby confirm that it is the intention of all such parties that the
Subsidiary Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent
applicable to any Subsidiary Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that the obligations of each Guarantor will be limited to the maximum amount that will, after giving
effect to such maximum amount and all other contingent and fixed liabilities of such 

  
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Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in
respect of the obligations of such other Guarantor under this Article X, result in the obligations of such Guarantor under its Subsidiary Guarantee not constituting a fraudulent transfer or conveyance. 

 

	Section 10.3	 Execution and Delivery of Subsidiary Guarantee 

To evidence its Subsidiary Guarantee set forth in Section 10.1, each Guarantor hereby agrees that a notation of such
Subsidiary Guarantee substantially in the form attached as Exhibit D hereto will be endorsed by manual or facsimile signature by an Officer of such Guarantor on each Security authenticated and delivered by the Trustee and that this Indenture
(or a supplemental indenture substantially in form of Exhibit E hereof) will be executed on behalf of such Guarantor by one of its Officers. 

Each Guarantor hereby agrees that its Subsidiary Guarantee set forth in Section 10.1 will remain in full force and
effect notwithstanding any failure to endorse on each Security a notation of such Subsidiary Guarantee. If an Officer whose facsimile signature is on the Subsidiary Guarantee no longer holds that office at the time the Trustee authenticates the
Security on which the Subsidiary Guarantee is endorsed, the Subsidiary Guarantee will be valid nevertheless. 
 The delivery of any Security
by the Trustee, after the authentication thereof hereunder, will constitute due delivery of the Subsidiary Guarantee set forth in this Indenture on behalf of the Guarantors. 

In the event that the Company or any of its Restricted Subsidiaries acquires or creates another Restricted Subsidiary after the Issue Date,
the Company will comply with the provisions of Section 4.9 hereof. 
  

	Section 10.4	 Successors and Assigns 

Except as otherwise provided in Section 10.9 hereof, this Article X shall be binding upon the Guarantors and
their successors and assigns and shall inure to the benefit of the successors and assigns of the Trustee and the Holders and, in the event of any transfer or assignment of rights in accordance with the terms of this Indenture by any Holder or the
Trustee, the rights and privileges conferred upon that party in this Indenture and in the Securities shall automatically extend to and be vested in such transferee or assignee, all subject to the terms and conditions of this Indenture, the
Securities and the Subsidiary Guarantees. 
  

	Section 10.5	 No Waiver 

Neither a failure nor a delay on the part of either the Trustee or the Holders in exercising any right, power or privilege under this
Article X shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise of any right, power or privilege. The rights, remedies and benefits of the Trustee and the Holders herein
expressly specified are cumulative and not exclusive of any other rights, remedies or benefits which either may have under this Article X at law, in equity, by statute or otherwise. 

  
 97 

	Section 10.6	 Right of Contribution 

Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share of any payment made
hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder who has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the
terms and conditions of this Article X. The provisions of this Section 10.6 shall in no respect limit the obligations and liabilities of any Guarantor to the Trustee and the Holders and each Guarantor shall remain
liable to the Trustee and the Holders for the full amount guaranteed by such Guarantor hereunder. 
  

	Section 10.7	 No Subrogation 

Notwithstanding any payment or payments made by any of the Guarantors hereunder, no Guarantor shall be entitled to exercise any rights of
subrogation it may have to any of the rights of the Trustee or any Holder against the Company or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee or any Holder for the payment of the Obligations, nor
shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Company or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee and the Holders by the Company
on account of the Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Obligations shall not have been paid in full, such amount shall be held by such Guarantor
in trust for the Trustee and the Holders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee in the exact form received by such Guarantor (duly indorsed by such Guarantor
to the Trustee, if required), to be applied against the Obligations. 
  

	Section 10.8	 Modification 

No modification, amendment or waiver of any provision of this Article X, nor the consent to any departure by the Guarantors therefrom,
shall in any event be effective unless the same shall be made in accordance with Article IX hereof. No notice to or demand on the Guarantors in any case shall entitle the Guarantors to any other or further notice or demand in the same, similar or
other circumstances. 
  

	Section 10.9	 Merger, Consolidation or Sale of Assets of a Guarantor; Release of a
Guarantor 

 (a)    Except in a transaction resulting in the release of a Subsidiary
Guarantee of a Guarantor, the Company shall not permit a Guarantor to consolidate with or merge with or into (whether or not such Guarantor is the surviving Person) another Person (other than the Company or another Guarantor) unless: 

(1)    immediately after giving effect to that transaction, no Default or Event of Default shall have occurred and be
continuing; and 
 (2)    the Person formed by or surviving any such consolidation or merger (if other than the
Guarantor) assumes all the obligations of that Guarantor under its Subsidiary Guarantee pursuant to a supplemental indenture satisfactory to the Trustee. 

  
 98 

 (b)    The Subsidiary Guarantee of a Guarantor shall be automatically
and unconditionally released: 
 (1)    in connection with any sale or other disposition of all or substantially all of
the assets of that Guarantor (including by way of merger or consolidation), other than to the Company or another Guarantor, if such transaction as of the time of such disposition does not violate Section 4.7 hereof; 

(2)    in connection with any sale or other disposition of the Capital Stock of a Guarantor (including by way of merger or
consolidation) other than to the Company or another Guarantor, if such transaction as of the time of such disposition does not violate Section 4.7 hereof and the Guarantor ceases to be a Restricted Subsidiary of the Company
as a result of such transaction; 
 (3)    if the Company designates any Restricted Subsidiary that is a Guarantor as an
Unrestricted Subsidiary in accordance with the provisions of this Indenture; 
 (4)    if the Company exercises either
its legal defeasance option or its covenant defeasance option in accordance with Section 8.1(b) hereof or if it satisfies and discharges this Indenture in accordance with Section 8.1(a) hereof; or

 (5)    at such time as such Guarantor ceases to guarantee any other Indebtedness of the Company or any other
Guarantor under a Credit Facility. 
 (c)    Upon delivery by the Company to the Trustee of an Officers’
Certificate to the effect that any of the conditions described in clauses (1)-(5) of Section 10.9(b) has occurred, and an Officers’ Certificate and Opinion of Counsel each stating that, as required by
Section 11.4, all conditions precedent herein provided for relating to such transactions have been complied with and that such release is authorized and permitted hereunder, the Trustee shall execute any supplemental
indenture or other documents reasonably requested by the Company in order to evidence the release of any Guarantor from its obligations under its Subsidiary Guarantee and this Indenture. 

ARTICLE XI 

MISCELLANEOUS 
  

	Section 11.1	 Trust Indenture Act Controls 

If any provision of this Indenture limits, qualifies or conflicts with another provision which is required to be included in this Indenture by
the Trust Indenture Act (or in any other indenture qualified thereunder), the provision required by the Trust Indenture Act shall control. 
  

	Section 11.2	 Notices  

Any notice or communication shall be in writing in the English language and delivered in person or mailed by first-class mail, sent by
telecopier, sent by electronic mail in 

  
 99 

 
pdf format or delivered by overnight air courier guaranteeing next day delivery, addressed as follows (unless the Company and the Trustee agree to another method of delivery): 

if to the Company or the Guarantors: 

Matador Resources Company 
 5400
LBJ Freeway, Suite 1500 
 Dallas, Texas 75240 

Attention: General Counsel 

Facsimile: (972) 371-5201 

if to the Trustee: 
 Wells Fargo
Bank, National Association 
 1445 Ross Avenue, Suite 4300 

Dallas, Texas 75202 
 Facsimile:
(469) 729-7638 
 Attention: John Stohlmann 

The Company or the Guarantors, by notice to the Trustee, or the Trustee by notice to the Company and the Guarantors, may designate additional
or different addresses for subsequent notices or communications. 
 Any notice or communication to a Holder shall be delivered to the Holder
at the Holder’s address as it appears on the registration books of the Registrar by first class mail, or by overnight air courier guaranteeing next day delivery to its address shown on the register kept by the Registrar. 

All notices and communications shall be deemed to have been duly given; at the time delivered by hand, if personally delivered or if delivered
electronically, in pdf format; five Business Days after being deposited in the mail, postage prepaid, if mailed; (other than those sent to Holders) when answered back, if telecopied; and the next Business Day after timely delivery to the courier, if
sent by overnight air courier guaranteeing next day delivery. 
 Failure to deliver a notice or communication to a Holder or any defect in
it shall not affect its sufficiency with respect to other Holders. If a notice or communication is delivered in the manner provided above, it is duly given, whether or not the addressee receives it. 

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 or purchase) to a Holder of a Global Security (whether by mail or otherwise), such notice shall be sufficiently given if given to the Depositary (or its designee) pursuant to the standing instructions from the
Depositary or its designee, including by electronic mail in accordance with Applicable Procedures. 
  

	Section 11.3	 Communication by Holders with Other Holders 

Holders may communicate pursuant to the Trust Indenture Act Section 312(b) with other Holders with respect to their rights under this
Indenture or the Securities. The Company, the Trustee, the Registrar and anyone else shall have the protection of the Trust Indenture Act Section 312(c). 
  

	Section 11.4	 Certificate and Opinion as to Conditions Precedent 

Upon any request or application by the Company to the Trustee to take or refrain from taking any action under this Indenture, the Company
shall, if requested, furnish to the 

  
 100 

 
Trustee: (i) an Officers’ Certificate in form and substance reasonably satisfactory to the Trustee stating that, in the opinion of the signers, all conditions precedent, if any,
provided for in this Indenture relating to the proposed action have been complied with; and (ii) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee stating that, in the opinion of such counsel, all such
conditions precedent have been complied with. 
  

	Section 11.5	 Statements Required in Certificate or Opinion 

Each certificate or opinion with respect to compliance with a covenant or condition provided for in this Indenture shall include: (i) a
statement that the individual making such certificate or opinion has read such covenant or condition; (ii) 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; (iii) a statement that, in the opinion of such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or
condition has been complied with; and (iv) a statement as to whether or not, in the opinion of such individual, such covenant or condition has been complied with. 
  

	Section 11.6	 When Securities Disregarded 

In determining whether the Holders of the required principal amount of Securities have concurred in any direction, waiver or consent,
Securities owned by the Company or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company shall be disregarded and deemed not to be outstanding, except that, for the purpose of
determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Securities which a Trust Officer of the Trustee actually knows are so owned shall be so disregarded. Also, subject to the foregoing, only
Securities outstanding at the time shall be considered in any such determination. 
  

	Section 11.7	 Legal Holidays 

A “Legal Holiday” is a day that is not a Business Day. Notwithstanding any other provisions of this Indenture, the Securities
or the Subsidiary Guarantees, if a payment date is a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. If a record date is a Legal Holiday, the
record date shall not be affected. 
  

	Section 11.8	 Governing Law 

THE LAWS OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE AND ENFORCE THIS INDENTURE, THE SECURITIES AND THE SUBSIDIARY GUARANTEES.

  

	Section 11.9	 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. 

  
 101 

	Section 11.10	 No Personal Liability of Directors, Officers, Employees and Shareholders 

No director, officer, employee, incorporator, member, partner, stockholder or other owner of the Capital Stock of the Company or any Guarantor,
as such, shall have any liability for any obligations of the Company or the Guarantors under the Securities, this Indenture, the Subsidiary Guarantees, any Registration Rights Agreement or for any claim based on, in respect of or by reason of such
obligations or their creation. By accepting a Security, each Holder waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Securities. 

 

	Section 11.11	 Successors  

All agreements of the Company and (except as otherwise provided in Section 10.9 hereof) the Guarantors in this
Indenture, the Securities and the Subsidiary Guarantees shall bind their respective successors. All agreements of the Trustee in this Indenture shall bind its successors. 
  

	Section 11.12	 Multiple Originals; Counterparts 

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
agreement. One signed copy is enough to prove this Indenture. This Indenture may be executed in multiple counterparts which, when taken together, shall constitute one instrument. The exchange of copies of this Indenture and of signature pages by
facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile
or PDF shall be deemed to be their original signatures for all purposes. 
  

	Section 11.13	 Severability 

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

	Section 11.14	 Table of Contents; Headings 

The table of contents, cross-reference sheet and headings of the Articles and Sections of this Indenture have been inserted for convenience of
reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 
  

	Section 11.15	 No Adverse Interpretation of Other Agreements 

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

  
 102 

	Section 11.16	 Acts of Holders 

(a)    Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to
be given or taken by the Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agents duly appointed in writing, and may be given or obtained in connection with a
purchase of, or tender offer or exchange offer for, outstanding Securities; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is
hereby expressly required, to the Company. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments.
Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Company if made in the manner provided in this
Section 11.16. 
 (b)    The fact and date of the execution by any Person of any such
instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or
writing acknowledged to such witness, notary or officer the execution thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of
authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner which the Trustee deems sufficient. 

(c)    Notwithstanding anything to the contrary contained in this Section 11.16, the principal
amount and serial numbers of Securities held by any Holder, and the date of holding the same, shall be proved by the register of the Securities maintained by the Registrar as provided in Section 2.3. 

(d)    If the Company shall solicit from the Holders of the Securities any request, demand, authorization, direction,
notice, consent, waiver or other Act, the Company may, at their option, by or pursuant to a resolution of its Board of Directors, fix in advance a record date for the determination of Holders entitled to give such request, demand, authorization,
direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so. Notwithstanding TIA Section 316(c), such record date shall be the record date specified in or pursuant to such Board Resolution, which shall be
a date not earlier than the date 30 days prior to the first solicitation of Holders generally in connection therewith or the date of the most recent list of Holders forwarded to the Trustee prior to such solicitation pursuant to
Section 2.5 and not later than the date such solicitation is completed. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such
record date, but only the Holders of record at the close of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of the then outstanding Securities have authorized or
agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the then outstanding Securities shall be computed as of such record date; provided that no such authorization,
agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than eleven months after the record date. 

  
 103 

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

(f)    Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder with regard to any
particular Security may do so itself with regard to all or any part of the principal amount of such Security or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of such
principal amount.For purposes of this Indenture, any action by the Holders which may be taken in writing may be taken by electronic means or as otherwise reasonably acceptable to the Trustee. 

 

	Section 11.17	 USA PATRIOT Act 

The parties hereto acknowledge that in accordance with Section 326 of the USA PATRIOT Act, the Trustee, like all financial institutions
and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account. The Company agrees that
it will provide the Trustee with information about the Company as the Trustee may reasonably request in order for the Trustee to satisfy the requirements of the USA PATRIOT Act. 

[Signatures on following pages] 

  
 104 

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

					
	MATADOR RESOURCES COMPANY
		
	By:	 	 /s/ Craig N. Adams

		 	Name:	 	Craig N. Adams
		 	Title:	 	Executive Vice President – Land, Legal and Administration
	
	GUARANTORS:
	
	 DELAWARE WATER MANAGEMENT COMPANY, LLC

	 LONGWOOD GATHERING AND DISPOSAL SYSTEMS GP, INC.

	 LONGWOOD MIDSTREAM HOLDINGS, LLC

	 LONGWOOD MIDSTREAM SOUTH TEXAS, LLC

	 LONGWOOD MIDSTREAM SOUTHEAST, LLC

	 LONGWOOD MIDSTREAM DELAWARE, LLC

	 MATADOR PRODUCTION COMPANY

	 MRC ENERGY COMPANY

	 MRC DELAWARE RESOURCES, LLC

	 MRC ENERGY SOUTHEAST COMPANY, LLC

	 MRC ENERGY SOUTH TEXAS COMPANY, LLC

	 MRC PERMIAN COMPANY

	 MRC PERMIAN LKE COMPANY, LLC

	 MRC ROCKIES COMPANY

	 SOUTHEAST WATER MANAGEMENT COMPANY, LLC

		
	By:	 	 /s/ Craig N. Adams

		 	Name:	 	Craig N. Adams
		 	Title:	 	Executive Vice President – Land, Legal and Administration
	
	 LONGWOOD GATHERING AND DISPOSAL SYSTEMS, LP

	
	 By: Longwood Gathering and Disposal Systems GP, Inc., its general
partner

		
	By:	 	 /s/ Craig N. Adams

		 	Name:	 	Craig N. Adams
		 	Title:	 	Executive Vice President – Land, Legal and Administration

  
 [Signature Page to
Indenture] 

			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

 
 as Trustee

		
	By:	 	 /s/ Patrick Giordano

	Name:	 	Patrick Giordano
	Title:	 	Vice President

  
 [Signature Page to
Indenture] 

 EXHIBIT A 

[FACE OF SECURITY] 

[Insert the Global Security Legend, if applicable pursuant to the provisions of the Indenture] 

[Insert the Private Placement Legend, if applicable pursuant to the provisions of the Indenture] 

  
 A-1 

 MATADOR RESOURCES COMPANY 

5.875% SENIOR NOTE DUE 2026 

CUSIP NO.                      

 

	 No.      
	
Principal Amount $                   
  

 MATADOR RESOURCES COMPANY, a Texas corporation, promises to pay
to                    , or registered assigns, the principal sum of          dollars on September 15,
2026[    , or such other principal amount as is indicated on the attached schedule]1. 

Interest Payment Dates: March 15 and September 15, commencing March 15, 2019. 

Record Dates: March 1 and September 1. 
  

							
	MATADOR RESOURCES COMPANY
			
		    	By:	 	
                     
                    

		    		 	Name:	 	Craig N. Adams
		    		 	Title:	 	Executive Vice President – Land, Legal and Administration

  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION
	
	as Trustee, certifies that this is one of the Securities referred to in the Indenture.
		
	By:	 	
                     
                    

		 	Authorized Signatory
	
	Dated:             ,         

  
  

	1 	 For Global Securities. 

  
 A-2 

 [BACK OF SECURITY] 

MATADOR RESOURCES COMPANY 

5.875% SENIOR NOTE DUE 2026 

Capitalized terms used herein have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

1.    Interest. Matador Resources Company, a Texas corporation (the “Company”), promises to pay
interest on the outstanding principal amount of this Security at the rate of 5.875% per annum. The Company will pay interest semi-annually in arrears on March 15 and September 15 of each year, or if any such day is not a Business Day, on
the next succeeding Business Day (each, an “Interest Payment Date”), provided, that the first Interest Payment Date shall be March 15, 2019. Interest on the Securities will accrue from the most recent date to which
interest has been paid or, if no interest has been paid, from the date of issuance; provided that if there is no existing Default in the payment of interest, and if this Security is authenticated between a record date referred to on the face
hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date. The Company will pay, to the extent lawful, interest (including post-petition interest in any proceeding under any
Bankruptcy Law) on overdue principal and premium, if any, at the rate then in effect; it will pay, to the extent lawful, interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest
(without regard to any applicable grace periods) from time to time on demand at the same rate as on overdue principal. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 
 2.    Method of Payment. The Company will pay interest on the
Securities (except Defaulted Interest) to the Persons who are registered Holders of Securities at the close of business on the March 1 or September 1 next preceding the Interest Payment Date, even if such Securities are canceled after such
record date and on or before such Interest Payment Date, except as provided in Section 2.11 of the Indenture with respect to Defaulted Interest. The Securities will be payable as to principal, premium, if any, and interest
at the office or agency of the Paying Agent maintained for such purpose, or, at the option of the Company, payment of interest may be made by check mailed by such Paying Agent to the Holders at their addresses set forth in the register of Holders;
provided that payment by wire transfer of immediately available funds will be required with respect to principal of and interest, and premium, if any, on all Global Securities and all other Securities, the Holders of which hold at least
$5,000,000 aggregate principal amount of the Securities and have provided wire transfer instructions to the Company and the Paying Agent for an account in the U.S. Such payment will be in such coin or currency of the United States of America as at
the time of payment is legal tender for payment of public and private debts. Holders must surrender their Securities to the Paying Agent to collect payments of principal and premium, if any. 

3.    Paying Agent and Registrar. Initially, Wells Fargo Bank, National Association will act as Paying Agent and
Registrar. The Company may appoint and change any Paying Agent or Registrar without notice to any Holder, and the Company or any of its Subsidiaries may act as Paying Agent or Registrar, all in accordance with the Indenture. 

4.    Indenture. The Company issued the Securities under an Indenture, dated as of August 21, 2018 (the
“Indenture”), among the Company, the Guarantors named on the signature pages thereto and Wells Fargo Bank, National Association, as the Trustee. The Securities are entitled to the benefits of the Indenture. The terms of the
Securities include 

  
 A-3 

 
those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act. The Securities are subject to all such terms, and Holders are referred to the Indenture
and such Act for a statement of such terms. To the extent any provision of this Security conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling (to the extent permitted by law). The
Securities are unsecured obligations of the Company. The Company initially has issued $750,000,000 aggregate principal amount of Securities. The Company may issue Additional Securities under the Indenture, subject to
Section 4.3 of the Indenture. 
 5.    Redemption. 

(a)    On or after September 15, 2021, the Company may redeem all or a part of the Securities at any time or from time
to time at the following Redemption Prices (expressed as percentages of the principal amount) plus accrued and unpaid interest on the Securities, if any, to the applicable Redemption Date, if redeemed during the
12-month period beginning September 15 of the years indicated: 
  

					
	 Year
	  	Redemption Price	 
	 2021
	  	 	104.406	% 
	 2022
	  	 	102.938	% 
	 2023
	  	 	101.469	% 
	 2024 and thereafter
	  	 	100.000	% 

 (b)    Prior to September 15, 2021, the Company may on one or more occasions redeem
up to an aggregate amount equal to 35% of the aggregate principal amount of the Securities (including any Additional Securities) originally issued prior to the Redemption Date under the Indenture in an amount not greater than the Net Cash Proceeds
of one or more Equity Offerings at a Redemption Price of 105.875% of the principal amount of the Securities, plus accrued and unpaid interest, if any, to the Redemption Date; provided, that (i) at least 65% in aggregate principal amount
of the Securities (including any Additional Securities) originally issued remains outstanding immediately after the occurrence of such redemption (excluding Securities held by the Company and its Subsidiaries) and (ii) each such redemption
occurs within 180 days of the date of the closing of the related Equity Offering. 
 (c)    In addition, at any time
prior to September 15, 2021, the Company may redeem all or part of the Securities at a Redemption Price equal to the sum of: 

(i)    the principal amount thereof, plus 

(ii)    the Make Whole Premium at the Redemption Date, plus 

accrued and unpaid interest, if any, to the Redemption Date. 

(d)    Following certain Change of Control Offers, the Company may redeem all of the Securities that remain outstanding,
at the Redemption Price and subject to the terms and conditions, set forth in Section 4.11(i) of the Indenture. 

6.    Denominations, Transfer, Exchange. The Securities are in registered form without coupons in minimum
denominations of $2,000 and integral multiples of $1,000 in excess thereof. The transfer of Securities may be registered and Securities may be exchanged 

  
 A-4 

 
as provided in the Indenture. The Registrar or the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Company may require a
Holder to pay any transfer tax or similar governmental charge or other fee required by law and payable in connection therewith. The Company need not exchange or register the transfer of any Security or portion of a Security selected for redemption,
except for the unredeemed portion of any Security being redeemed in part. Also, the Company need not exchange or register the transfer of any Securities for a period of 15 days before the day of any selection of Securities to be redeemed or during
the period between a record date and the corresponding Interest Payment Date. 
 7.    Persons Deemed Owners. The
registered Holder of a Security may be treated as its owner for all purposes. 
 8.    Amendment, Supplement and
Waiver. Subject to certain exceptions, the Indenture and the Securities may be amended or supplemented with the written consent of the Holders of at least a majority in outstanding principal amount of the Securities, and any existing Default or
compliance with any provision of the Indenture or the Securities may be waived with the written consent of the Holders of at least a majority in outstanding principal amount of the Securities. Without the consent of any Holder of a Security, the
Indenture, the Subsidiary Guarantees or the Securities may be amended or supplemented with respect to certain matters specified in the Indenture. 

9.    Defaults. If an Event of Default shall occur and be continuing, the principal of all the Securities may be
declared (or will become) due and payable in the manner and with the effect provided in the Indenture. 

10.    Defeasance. The Indenture contains provisions for defeasance of (i) the entire indebtedness of the
Company on this Security and (ii) certain restrictive covenants and the related Events of Default, subject to compliance by the Company with certain conditions set forth in the Indenture, which provisions apply to this Security. 

11.    Authentication. This Security will not be valid until authenticated by the manual signature of the Trustee
or an Authenticating Agent. 
 12.    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). 

13.    [Additional Rights of Holders of Restricted Global Securities and Restricted Definitive Securities. In
addition to the rights provided to Holders of Securities under the Indenture, Holders of Restricted Global Securities and Restricted Definitive Securities will have all the rights set forth in the Registration Rights Agreement, dated as of
August 21, 2018, among the Company, the Guarantors and the other parties named on the signature pages thereof.]* 

14.    CUSIP Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification
Procedures, the Company has caused CUSIP numbers to be printed on the Securities and the Trustee may use CUSIP, ISIN or similar 
  

	*	 Delete for Exchange Security 

  
 A-5 

 
numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Securities or as contained in any notice of
redemption and reliance may be placed only on the other identification numbers placed thereon. 
 The Company will furnish to any Holder
upon written request and without charge a copy of the Indenture [and/or the Registration Rights Agreement].* Requests may be made to: 

Matador Resources Company 
 5400
LBJ Freeway, Suite 1500 
 Dallas, Texas 75240 

Attention: General Counsel 
  

 

	*	 Delete for Additional Securities. 

  
 A-6 

 ASSIGNMENT FORM 

To assign this Security, fill in the form below: 

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

 

                          
                                         
                                         
                                         
                                         
                                 

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

                          
                                         
                                         
                                         
                                         
                                 

                          
                                         
                                         
                                         
                                         
                                 

                          
                                         
                                         
                                         
                                         
                                 

                          
                                         
                                         
                                         
                                         
                                 

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

and irrevocably appoint                    
                                         
                                         
                                         
                                         

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

Date: 
  

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

 Signature Guarantee:*
                                         
                    
  

 

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

  
 A-7 

 Option of Holder to Elect Purchase 

If you want to elect to have this Security purchased by the Company pursuant to Section 4.7 or
Section 4.11 of the Indenture, check the appropriate box below: 

☐  Section 4.7             
☐  Section 4.11 
 If you want to elect to have only part of the Security purchased by the Company
pursuant to Section 4.7 or Section 4.11 of the Indenture, state the amount you elect to have purchased: 

$         

Date: 
  

							
		 		 	    Your Signature:	 	                                     
                                       
				
		 		 		 	(Sign exactly as your name appears on the
face of this Security)
		
		 	
Tax Identification No.:                    
                                         
      

				
	Signature Guarantee:**                       
                 	 		 		 	

  
  

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

  
 A-8 

 [TO BE ATTACHED TO GLOBAL SECURITIES] 

SCHEDULE OF EXCHANGES OF INTERESTS IN THE 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 or
Securities
Custodian	 
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			

  
 A-9 

 EXHIBIT B 

FORM OF CERTIFICATE OF TRANSFER 
 Matador
Resources Company 
 5400 LBJ Freeway, Suite 1500 
 Dallas,
Texas 75240 
 Wells Fargo Bank, National Association 

Corporate Trust – DAPS REORG 
 600 Fourth Street South, 7th
Floor 
 MAC N9300-070 

Minneapolis, MN 55415 
 Phone: 1-800-344-5128 
 Fax: 1-866-969-1290 
 Email: dapsreorg@wellsfargo.com 

Re: Matador Resources Company 5.875% Senior Notes due 2026 

CUSIP                     

 Reference is hereby made to the Indenture, dated as of August 21, 2018 (the “Indenture”), among Matador
Resources Company, as issuer (the “Company”), the Guarantors named on the signature pages thereto and Wells Fargo Bank, National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to
them in the Indenture. 
 , (the “Transferor”) owns and proposes to transfer the Security[ies] or beneficial interest in
such Security[ies] in the principal amount of $        (the “Transfer”), to (the “Transferee”). In connection with the Transfer, the Transferor hereby certifies that: 

[CHECK ALL THAT APPLY] 

1.    ☐  Check if Transferee will take delivery of a beneficial interest in the 144A Global Security or
a Restricted Definitive Security pursuant to Rule 144A. The Transfer is being effected pursuant to and in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, the
Transferor hereby further certifies that the beneficial interest or Definitive Security is being transferred to a Person that the Transferor reasonably believes is purchasing the beneficial interest or Definitive Security for its own account, or for
one or more accounts with respect to which such Person exercises sole investment discretion, and such Person and each such account is a “qualified institutional buyer” within the meaning of Rule 144A in a transaction meeting the
requirements of Rule 144A, and such Transfer is in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred
beneficial interest or Definitive Security will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the 144A Global Security and/or the Restricted Definitive Security and in the Indenture and the
Securities Act. 
 2.    ☐  Check if Transferee will take delivery of a beneficial interest in the
Regulation S Global Security or a Restricted Definitive Security pursuant to Regulation S. 

  
 B-1 

 The Transfer is being effected pursuant to and in accordance with Rule 904 under the Securities Act and,
accordingly, the Transferor hereby further certifies that (i) the Transfer is not being made to a Person in the United States and (x) at the time the buy order was originated, the Transferee was outside the United States or such Transferor
and any Person acting on its behalf reasonably believed and believes that the Transferee was outside the United States or (y) the transaction was executed in, on or through the facilities of a designated offshore securities market and neither
such Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the United States, (ii) no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or Rule 904(b)
of Regulation S under the Securities Act, (iii) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act and (iv) if the Transfer is being made prior to the expiration of the Restricted
Period, the Transfer is not being made to a U.S. Person or for the account or benefit of a U.S. Person (other than an Initial Purchaser). Upon consummation of the Transfer in accordance with the terms of the Indenture, the transferred beneficial
interest or Definitive Security will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Regulation S Global Security and/or the Restricted Definitive Security and in the Indenture and the Securities
Act. 
 3.    ☐  Check if Transferee will take delivery of a beneficial interest in a Restricted
Global Security or a Restricted Definitive Security pursuant to any provision of the Securities Act other than Rule 144A or Regulation S. The Transfer is being effected in compliance with the transfer restrictions applicable to beneficial
interests in Restricted Global Securities and Restricted Definitive Securities and pursuant to and in accordance with the Securities Act (other than Rule 144A or Regulation S) and any applicable blue sky securities laws of any state of the United
States. 
 4.     ☐  Check if Transferee will take delivery of a beneficial interest in an
Unrestricted Global Security or of an Unrestricted Definitive Security. 
 (a)    ☐  Check if
Transfer is pursuant to Rule 144. (i) The Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky
securities laws of any state of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of
the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Security will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the
Restricted Global Securities, on Restricted Definitive Securities and in the Indenture. 

(b)    ☐  Check if Transfer is Pursuant to Regulation S. (i) The Transfer is being effected
pursuant to and in accordance with Rule 904 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the
restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture,
the transferred beneficial interest or Definitive Security will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Securities, on Restricted Definitive Securities and in
the Indenture. 

  
 B-2 

 (c)     ☐  Check if Transfer is Pursuant to Other
Exemption. (i) The Transfer is being effected pursuant to and in compliance with an exemption from the registration requirements of the Securities Act other than Rule 144 or Rule 904 and in compliance with the transfer restrictions
contained in the Indenture and any applicable blue sky securities laws of any State of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain
compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Security will not be subject to the restrictions on transfer enumerated
in the Private Placement Legend printed on the Restricted Global Securities or Restricted Definitive Securities and in the Indenture. 

This certificate and the statements contained herein are made for your benefit and the benefit of the Company. 

 

			
	  

	
	[Insert Name of Transferor]
		
	By:	 	
                     
                                         
           

	Name:	 	
	Title:	 	

 Dated: 

  
 B-3 

 EXHIBIT C 

FORM OF CERTIFICATE OF EXCHANGE 
 Matador
Resources Company 
 5400 LBJ Freeway, Suite 1500 
 Dallas,
Texas 75240 
 Wells Fargo Bank, National Association 

Corporate Trust – DAPS REORG 
 600 Fourth Street South, 7th
Floor 
 MAC N9300-070 

Minneapolis, MN 55415 
 Phone: 1-800-344-5128 
 Fax: 1-866-969-1290 
 Email: dapsreorg@wellsfargo.com 

Re: Matador Resources Company 5.875% Senior Notes due 2026 

CUSIP                     

 Reference is hereby made to the Indenture, dated as of August 21, 2018 (the “Indenture”), among Matador
Resources Company, as issuer (the “Company”), the Guarantors named on the signature pages thereto and Wells Fargo Bank, National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to
them in the Indenture. 
 , (the “Owner”) owns and proposes to exchange the Security[ies] or beneficial interest in such
Security[ies] specified herein, in the principal amount of $        (the “Exchange”). In connection with the Exchange, the Owner hereby certifies that: 

1.    Exchange of Restricted Definitive Securities or Beneficial Interests in a Restricted Global Security for
Unrestricted Definitive Securities or Beneficial Interests in an Unrestricted Global Security 
 (a)
    ☐  Check if Exchange is from beneficial interest in a Restricted Global Security to beneficial interest in an Unrestricted Global Security. In connection with the Exchange of the Owner’s beneficial
interest in a Restricted Global Security for a beneficial interest in an Unrestricted Global Security in an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account
without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Global Securities and pursuant to and in accordance with the Securities Act of 1933, as amended (the “Securities
Act”), (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest in an Unrestricted Global
Security is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 

(b)    ☐  Check if Exchange is from beneficial interest in a Restricted Global Security to Unrestricted
Definitive Security. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Security for an Unrestricted Definitive 

  
 C-1 

 
Security, the Owner hereby certifies (i) the Definitive Security is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance
with the transfer restrictions applicable to the Restricted Global Securities and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not
required in order to maintain compliance with the Securities Act and (iv) the Definitive Security is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 

(c)    ☐  Check if Exchange is from Restricted Definitive Security to beneficial interest in an
Unrestricted Global Security. In connection with the Owner’s Exchange of a Restricted Definitive Security for a beneficial interest in an Unrestricted Global Security, the Owner hereby certifies (i) the beneficial interest is being
acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Securities and pursuant to and in accordance with the Securities
Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest is being acquired in compliance
with any applicable blue sky securities laws of any state of the United States. 
 (d)     ☐  Check
if Exchange is from Restricted Definitive Security to Unrestricted Definitive Security. In connection with the Owner’s Exchange of a Restricted Definitive Security for an Unrestricted Definitive Security, the Owner hereby certifies
(i) the Unrestricted Definitive Security is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Securities
and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the
Unrestricted Definitive Security is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 

2.     Exchange of Restricted Definitive Securities or Beneficial Interests in Restricted Global Securities for
Restricted Definitive Securities or Beneficial Interests in Restricted Global Securities 
 (a)
    ☐  Check if Exchange is from beneficial interest in a Restricted Global Security to Restricted Definitive Security. In connection with the Exchange of the Owner’s beneficial interest in a
Restricted Global Security for a Restricted Definitive Security with an equal principal amount, the Owner hereby certifies that the Restricted Definitive Security is being acquired for the Owner’s own account without transfer. Upon consummation
of the proposed Exchange in accordance with the terms of the Indenture, the Restricted Definitive Security issued will continue to be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted
Definitive Security and in the Indenture and the Securities Act. 
 (b)     ☐  Check if Exchange is
from Restricted Definitive Security to beneficial interest in a Restricted Global Security. In connection with the Exchange of the Owner’s Restricted Definitive Security for a beneficial interest in the [CHECK ONE] ☐ 144A Global
Security, ☐ Regulation S Global Security with an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer and (ii) such Exchange has been
effected in compliance with the transfer restrictions applicable to the Restricted Global Securities and pursuant to and in accordance with the 

  
 C-2 

 
Securities Act, and in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Exchange in accordance with the terms of the
Indenture, the beneficial interest issued will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the relevant Restricted Global Security and in the Indenture and the Securities Act. 

This certificate and the statements contained herein are made for your benefit and the benefit of the Company. 

 

			
	  

	
	[Insert Name of Transferor]
		
	By:	 	
                     
                                         
               

	Name:	 	
	Title:	 	

 Dated: 

  
 C-3 

 EXHIBIT D 

FORM OF NOTATION OF SUBSIDIARY GUARANTEE 

For value received, the undersigned Guarantor (which term includes any successor to such Guarantor under the Indenture) has, jointly and
severally, with each other Guarantor, unconditionally guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture dated as of August 21, 2018 (the “Indenture”) among Matador Resources
Company (the “Company”), the Guarantors party thereto and Wells Fargo Bank, National Association, as trustee (the “Trustee”), the full and punctual payment of the principal of, premium, if any, and interest on the
Securities (as defined in the Indenture) when due, whether at Stated Maturity, or upon redemption, required repurchase pursuant to Section 4.7 or Section 4.11 of the Indenture, acceleration or
otherwise, and all other monetary obligations owing by the Company under the Indenture (including obligations owing to the Trustee) and the Securities, all as more fully provided in Article X of the Indenture. The obligations of the
undersigned Guarantor to the Holders of Securities and to the Trustee pursuant to the Subsidiary Guarantee and the Indenture are expressly set forth in Article X of the Indenture and reference is hereby made to the Indenture for the precise
terms of the Subsidiary Guarantee. Each Holder of a Security, by accepting the same, (a) agrees to and shall be bound by such provisions and (b) appoints the Trustee
attorney-in-fact of such Holder for such purpose; provided, however, that each Subsidiary Guarantee is subject to release in accordance with the provisions
of the Indenture. 
  

			
	  

	
	 [NAME OF
GUARANTOR(s)]            

		
	 By:
	 	
                   
                                         
                          

	Name:	 	
	Title:	 	

  
 D-1 

 EXHIBIT E 

FORM OF SUPPLEMENTAL INDENTURE 

TO BE DELIVERED BY FUTURE GUARANTORS 

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

W I T N E S S E T H 
 WHEREAS,
the Company and the existing Guarantors have heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of August 21, 2018, relating to the 5.875% Senior Notes due 2026 (the
“Securities”) of the Company; 
 WHEREAS, Section 4.9 of the Indenture in certain circumstances
requires the Company to cause a newly acquired or created Restricted Subsidiary (i) to become a Guarantor by executing a supplemental indenture and (ii) to deliver an Opinion of Counsel to the Trustee as provided in such Section; and 

WHEREAS, pursuant to Section 9.1 of the Indenture, the Company, the Guarantors and the Trustee are authorized to
execute and deliver this Supplemental Indenture to amend or supplement the Indenture without the consent of any Holder; 
 NOW THEREFORE, to
comply with the provisions of the Indenture and in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the New Guarantor, the other Guarantors, the Company and the Trustee
mutually covenant and agree for the equal and ratable benefit of the Holders of the Securities as follows: 
 1.
    CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 

2.     AGREEMENT TO GUARANTEE. The New Guarantor hereby agrees, jointly and
severally, with all other Guarantors, to unconditionally Guarantee to each Holder and to the Trustee the Obligations, to the extent set forth in the Indenture and subject to the provisions in the Indenture. The obligations of the Guarantors to the
Holders of Securities and to the Trustee pursuant to the Subsidiary Guarantees and the Indenture are expressly set forth in Article X of the Indenture and reference is hereby made to the Indenture for the precise terms of the Subsidiary
Guarantees. 
 3.     EXECUTION AND DELIVERY. The New Guarantor agrees that
its Subsidiary Guarantee shall remain in full force and effect notwithstanding any failure to endorse on each Security a notation of such Subsidiary Guarantee. 

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

  
 E-1 

 5.     COUNTERPARTS. The parties may sign any number of
copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. This Supplemental Indenture may be executed in multiple counterparts which, when taken together, shall constitute
one instrument. The exchange of copies of this Supplemental Indenture and of signatures by facsimile or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in
lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

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

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

 

			
	[NEW GUARANTOR]
		
	By:	 	
                     
                                        

	Name:	 	
	Title:	 	
	
	[OTHER GUARANTORS]
		
	By:	 	
                     
                    

	Name:	 	
	Title:	 	
	
	MATADOR RESOURCES COMPANY
		
	By:	 	
                     
            

	Name:	 	
	Title:	 	

  
 E-2 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	
                     
                                         
               

	Authorized Signatory

  
 E-3EX-4.2

 Exhibit 4.2 

$750,000,000 
 MATADOR
RESOURCES COMPANY 
 5.875% SENIOR NOTES DUE 2026 

REGISTRATION RIGHTS AGREEMENT 

August 21, 2018 
 MERRILL
LYNCH, PIERCE, FENNER & SMITH 
   INCORPORATED

 As Representative of the Initial Purchasers 
 c/o Merrill
Lynch, Pierce, Fenner & Smith 
   Incorporated 

One Bryant Park 
 New York, New York 10036 

Ladies and Gentlemen: 
 Matador Resources
Company, a Texas corporation (the “Issuer”), proposes to issue and sell to Merrill Lynch, Pierce, Fenner & Smith Incorporated and the other several Initial Purchasers named in Schedule A to the Purchase Agreement (as
defined below) (collectively, the “Initial Purchasers”), upon the terms set forth in a purchase agreement dated August 7, 2018 (the “Purchase Agreement”), $750,000,000 aggregate principal amount of its 5.875%
Senior Notes due 2026 (the “Initial Securities”) to be unconditionally guaranteed (the “Guarantees”) by certain of the Issuer’s subsidiaries who are signatories hereto as guarantors (collectively, the
“Guarantors” and together with the Issuer, the “Company”). The Initial Securities will be issued pursuant to an Indenture, dated as of August 21, 2018 (the “Indenture”), by and among the
Issuer, the Guarantors and Wells Fargo Bank, National Association (the “Trustee”). 
 As an inducement to the Initial
Purchasers, the Company agrees with the Initial Purchasers, for the benefit of the holders of the Initial Securities (including, without limitation, the Initial Purchasers), the Exchange Securities (as defined below) and the Private Exchange
Securities (as defined below) (collectively, the “Holders”), as follows: 
 1.    Registered
Exchange Offer. The Company shall, at its own cost, prepare and file with the Securities and Exchange Commission (the “Commission”) a registration statement (the “Exchange Offer Registration Statement”) on an
appropriate form under the Securities Act of 1933, as amended (the “Securities Act”), with respect to a proposed offer (the “Registered Exchange Offer”) to the Holders of Transfer Restricted Securities (as defined
in Section 6(d) hereof), who are not prohibited by any law or policy of the Commission from participating in the Registered Exchange Offer, to issue and deliver to such Holders, in exchange for the Initial Securities, a like aggregate
principal amount of debt securities (the “Exchange Securities”) of the Company issued under the Indenture and identical in all material respects to the Initial Securities (except for the transfer restrictions relating to the Initial
Securities and the provisions 

  
 1 

 
relating to the matters described in Section 6(d) hereof) that would be registered under the Securities Act. The Company shall use its reasonable best efforts to cause such Exchange Offer
Registration Statement to be declared effective under the Securities Act and shall keep the Registered Exchange Offer open for not less than 20 business days (or longer, if required by applicable law) after the date notice of the Registered Exchange
Offer is mailed to the Holders. 
 If the Company commences the Registered Exchange Offer, the Company will be entitled to close the
Registered Exchange Offer 30 days after the commencement thereof; provided, that the Company has accepted all the Initial Securities theretofore validly tendered, and not withdrawn, in accordance with the terms of the Registered Exchange
Offer. 
 Following the declaration of the effectiveness of the Exchange Offer Registration Statement, the Company shall promptly commence
the Registered Exchange Offer, it being the objective of such Registered Exchange Offer to enable each Holder of Transfer Restricted Securities electing to exchange the Initial Securities for Exchange Securities (assuming that such Holder is not an
affiliate of the Company within the meaning of the Securities Act, acquires the Exchange Securities in the ordinary course of such Holder’s business and has no arrangements or understanding with any person to participate in the distribution of
the Exchange Securities and is not prohibited by any law or policy of the Commission from participating in the Registered Exchange Offer) to trade such Exchange Securities from and after their receipt without any limitations or restrictions under
the Securities Act and without material restrictions under the securities laws of the several states of the United States; provided, however, that the Exchanging Dealers (as defined below) will be required to deliver a prospectus in
connection with resales of Exchange Securities. 
 The Company acknowledges that, pursuant to current interpretations by the
Commission’s staff of Section 5 of the Securities Act, in the absence of an applicable exemption therefrom, (i) each Holder which is a broker-dealer electing to exchange Initial Securities, acquired for its own account as a result of
market making activities or other trading activities, for Exchange Securities (an “Exchanging Dealer”), is required to deliver a prospectus containing the information set forth in (a) Annex A hereto on the cover, (b)
Annex B hereto in the “Exchange Offer Procedures” section and the “Purpose of the Exchange Offer” section, and (c) Annex C hereto in the “Plan of Distribution” section, of such prospectus in
connection with a sale of any such Exchange Securities received by such Exchanging Dealer pursuant to the Registered Exchange Offer and (ii) an Initial Purchaser that elects to sell Exchange Securities acquired in exchange for Initial
Securities constituting any portion of an unsold allotment is required to deliver a prospectus containing the information required by Items 507 or 508 of Regulation S-K under the Securities Act, as applicable,
in connection with such sale. 
 The Company shall use its reasonable best efforts to keep the Exchange Offer Registration Statement
effective and to amend and supplement the prospectus contained therein, in order to permit such prospectus to be lawfully delivered by all persons subject to the prospectus delivery requirements of the Securities Act for such period of time as such
persons must comply with such requirements in order to resell the Exchange Securities; provided, however, that (i) in the case where such prospectus and any amendment or supplement thereto must be delivered by an Exchanging Dealer or an
Initial Purchaser, such period shall be the lesser of 180 days and the date on which all Exchanging Dealers and the Initial Purchasers have 

  
 2 

 
sold all Exchange Securities held by them (unless such period is extended pursuant to Section 3(j) below) and (ii) the Company shall make such prospectus and any
amendment or supplement thereto, available to any broker-dealer for use in connection with any resale of any Exchange Securities for a period of not less than 180 days after the consummation of the Registered Exchange Offer. 

If, upon consummation of the Registered Exchange Offer, any Initial Purchaser holds Initial Securities acquired by it as part of its initial
distribution, the Company, simultaneously with the delivery of the Exchange Securities pursuant to the Registered Exchange Offer, shall issue and deliver to such Initial Purchaser upon the written request of such Initial Purchaser, in exchange (the
“Private Exchange”) for the Initial Securities held by such Initial Purchaser, a like principal amount of debt securities of the Company issued under the Indenture and identical in all material respects (including the existence of
restrictions on transfer under the Securities Act and the securities laws of the several states of the United States, but excluding provisions relating to the matters described in Section 6 hereof) to the Initial Securities
(the “Private Exchange Securities”). The Initial Securities, the Exchange Securities and the Private Exchange Securities are herein collectively called the “Securities.” 

In connection with the Registered Exchange Offer, the Company shall: 

(a)    deliver to each Holder a copy of the prospectus forming part of the Exchange Offer Registration
Statement, together with an appropriate Letter of Transmittal and related documents; 
 (b)    keep the
Registered Exchange Offer open for not less than 20 business days (or longer, if required by applicable law) after the date notice thereof is mailed to the Holders; 

(c)    utilize the services of a depositary for the Registered Exchange Offer, which may be the Trustee or
an affiliate of the Trustee; 
 (d)    permit Holders to withdraw tendered Securities at any time prior
to the close of business, New York time, on the last business day on which the Registered Exchange Offer shall remain open; and 

(e)    otherwise comply with all applicable laws. 

As soon as practicable after the close of the Registered Exchange Offer or the Private Exchange, as the case may be, the Company shall: 

(x)    accept for exchange all Securities validly tendered and not withdrawn pursuant to the Registered
Exchange Offer and the Private Exchange; and 
 (y)    cause the Trustee to deliver promptly to each
Holder of Initial Securities, Exchange Securities or Private Exchange Securities, as the case may be, equal in principal amount to the Initial Securities of such Holder so accepted for exchange. 

  
 3 

 The Indenture will provide that the Exchange Securities will not be subject to the transfer
restrictions set forth in the Indenture and that all the Securities will vote and consent together on all matters as one class and that none of the Securities will have the right to vote or consent as a class separate from one another on any matter.

 Interest on each Exchange Security and Private Exchange Security issued pursuant to the Registered Exchange Offer and in the Private
Exchange will accrue from the last interest payment date on which interest was paid on the Initial Securities surrendered in exchange therefor or, if no interest has been paid on the Initial Securities, from the date of original issue of the Initial
Securities (the “Issue Date”). 
 Each Holder participating in the Registered Exchange Offer shall be required to represent
to the Company that at the time of the consummation of the Registered Exchange Offer (i) any Exchange Securities received by such Holder will be acquired in the ordinary course of its business, (ii) such Holder has no arrangements or
understanding with any person to participate in the distribution of the Initial Securities or the Exchange Securities within the meaning of the Securities Act, (iii) such Holder is not an “affiliate,” as defined in Rule 405 under the
Securities Act (“Rule 405”), of the Company or if it is an affiliate, such Holder will comply with the registration and prospectus delivery requirements of the Securities Act to the extent applicable, (iv) if such Holder is not
a broker-dealer, that it is not engaged in, and does not intend to engage in, the distribution of the Exchange Securities and (v) if such Holder is a broker-dealer, that it will receive Exchange Securities for its own account in exchange for
Initial Securities that were acquired as a result of market-making activities or other trading activities and that it will be required to acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities. 

Notwithstanding any other provisions hereof, the Company will ensure that (i) any Exchange Offer Registration Statement and any amendment
thereto and any prospectus forming part thereof and any supplement thereto comply in all material respects with the Securities Act and the rules and regulations thereunder, (ii) any Exchange Offer Registration Statement and any amendment
thereto do not, when they become effective, contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading and (iii) any prospectus
forming part of any Exchange Offer Registration Statement, and any supplement to such prospectus, do not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading. 
 2.    Shelf
Registration. If, (i) because of any change in law or in applicable interpretations thereof by the staff of the Commission, the Company is not permitted to effect a Registered Exchange Offer, as contemplated by Section 1
hereof, (ii) the Registered Exchange Offer is not consummated within 365 days of the Issue Date, (iii) any Initial Purchaser so requests with respect to the Initial Securities (or the Private Exchange Securities) not eligible to be
exchanged for Exchange Securities in the Registered Exchange Offer and held by it following consummation of the Registered Exchange Offer or (iv) any Holder (other than an Exchanging Dealer) is not eligible to participate in the Registered
Exchange Offer or, in the case of any Holder (other than an Exchanging Dealer) that participates in the Registered Exchange Offer, 

  
 4 

 
such Holder does not receive freely tradeable Exchange Securities on the date of the exchange, the Company shall take the following actions: 

(a)    The Company shall, at its cost, as promptly as practicable (but in no event more than 30 days after
so required or requested pursuant to this Section 2) file with the Commission and thereafter shall use its reasonable best efforts to cause to be declared effective (unless it becomes effective automatically upon filing) a registration
statement (the “Shelf Registration Statement” and, together with the Exchange Offer Registration Statement, a “Registration Statement”) on an appropriate form under the Securities Act relating to the offer and sale
of the Transfer Restricted Securities by the Holders thereof from time to time in accordance with the methods of distribution set forth in the Shelf Registration Statement and Rule 415 under the Securities Act (hereinafter, the “Shelf
Registration”) on or prior to the 365th day following the Issue Date in the case of clauses (i) or (ii) above and on or prior to the 180th day after the date on which the Shelf Registration Statement is required to be filed in
the case of clauses (iii) and (iv) above; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder
agrees in writing to be bound by all the provisions of this Agreement applicable to such Holder. 

(b)    The Company shall use its reasonable best efforts to keep the Shelf Registration Statement
continuously effective, in order to permit the prospectus included therein to be lawfully delivered by the Holders of the relevant Securities, for a period of two years (or for such longer period if extended pursuant to Section 3(j)
below) from the date of its effectiveness or such shorter period that will terminate when all the Securities covered by the Shelf Registration Statement (i) have been sold pursuant thereto or (ii) may be sold without any
limitations by non-affiliates of the Company under clause (d)(1)(i) of Rule 144 under the Securities Act, or any successor rule thereof, provided, however, that the six month period shall be replaced with one year (the “Shelf
Registration Period”). The Company shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if it voluntarily takes any action that would result in
Holders of Securities covered thereby not being able to offer and sell such Securities during that period, unless such action is required by applicable law. 

(c)    Notwithstanding any other provisions of this Agreement to the contrary, the Company shall cause
(i) the Shelf Registration Statement and any amendment thereto and any related prospectus and any supplement thereto, as of the effective date of the Shelf Registration Statement, amendment or supplement, to comply in all material
respects with the Securities Act and the rules and regulations thereunder, (ii) the Shelf Registration Statement and any amendment thereto not to contain any untrue statement of a material fact or omit to state a material fact required
to be stated therein or necessary in order to make the statements therein not misleading and (iii) the prospectus related to the Shelf Registration Statement, and any supplement to such prospectus, not to include an untrue statement of a
material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. 

  
 5 

 3.    Registration Procedures. In connection with any Shelf
Registration contemplated by Section 2 hereof and, to the extent applicable, any Registered Exchange Offer contemplated by Section 1 hereof, the following provisions shall apply: 

(a)    The Company shall (i) furnish to each Initial Purchaser, prior to the filing thereof with the
Commission, a copy of the Registration Statement and each amendment thereof and each supplement, if any, to the prospectus included therein and, in the event that an Initial Purchaser (with respect to any portion of an unsold allotment from the
original offering) is participating in the Registered Exchange Offer or the Shelf Registration Statement, the Company shall use its reasonable best efforts to reflect in each such document, when so filed with the Commission, such comments as such
Initial Purchaser reasonably may propose; (ii) include the information set forth in Annex A hereto on the cover, in Annex B hereto in the “Exchange Offer Procedures” section and the “Purpose of the Exchange
Offer” section and in Annex C hereto in the “Plan of Distribution” section of the prospectus forming a part of the Exchange Offer Registration Statement and include the information set forth in Annex D hereto in the
Letter of Transmittal delivered pursuant to the Registered Exchange Offer; (iii) if requested by an Initial Purchaser, include the information required by Items 507 or 508 of Regulation S-K under the Securities Act, as applicable, in the
prospectus forming a part of the Exchange Offer Registration Statement; (iv) include within the prospectus contained in the Exchange Offer Registration Statement a section entitled “Plan of Distribution,” reasonably acceptable
to the Initial Purchasers, which shall contain a summary statement of the positions taken or policies made by the staff of the Commission with respect to the potential “underwriter” status of any broker-dealer that is the beneficial owner
(as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of Exchange Securities received by such broker-dealer in the Registered Exchange Offer (a
“Participating Broker-Dealer”), whether such positions or policies have been publicly disseminated by the staff of the Commission or such positions or policies, in the reasonable judgment of the Initial Purchasers based upon advice
of counsel (which may be in-house counsel), represent the prevailing views of the staff of the Commission; and (v) in the case of a Shelf Registration Statement, include in the prospectus included in the Shelf Registration Statement (or,
if permitted by Rule 430B(b) under the Securities Act, in a prospectus supplement that becomes a part thereof pursuant to Rule 430B(f) under the Securities Act) that is delivered to any Holder pursuant to Section 3(d) and (f), the
names of the Holders, who propose to sell Securities pursuant to the Shelf Registration Statement, as selling securityholders. 

(b)    The Company shall give written notice to the Initial Purchasers, the Holders of the Securities
proposed to be sold under the Shelf Registration Statement and any Participating Broker-Dealer from whom the Company has received prior written notice that it will be a Participating Broker-Dealer in the Registered Exchange Offer (which notice
pursuant to clauses (ii)-(v) hereof shall be accompanied by an instruction to suspend the use of the prospectus until the requisite changes have been made): 

(i)    when the Registration Statement or any amendment thereto has been filed with the Commission and when
the Registration Statement or any post-effective amendment thereto has become effective; 

  
 6 

 (ii)    of any request by the Commission for amendments
or supplements to the Registration Statement or the prospectus included therein or for additional information; 

(iii)    of the issuance by the Commission of any stop order suspending the effectiveness of the
Registration Statement or the initiation of any proceedings for that purpose, of the issuance by the Commission of a notification of objection to the use of the form on which the Registration Statement has been filed, and of the happening of any
event that causes the Company to become an “ineligible issuer,” as defined in Rule 405; 

(iv)    of the receipt by the Company or its legal counsel of any notification with respect to the
suspension of the qualification of the Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and 

(v)    of the happening of any event that requires the Company to make changes in the Registration
Statement or the prospectus in order that the Registration Statement or the prospectus do not contain an untrue statement of a material fact nor omit to state a material fact required to be stated therein or necessary to make the statements therein
(in the case of the prospectus, in light of the circumstances under which they were made) not misleading. 

(c)    The Company shall make every reasonable effort to obtain the withdrawal at the earliest possible
time, of any order suspending the effectiveness of the Registration Statement. 
 (d)    The Company
shall furnish to each Holder of Securities included within the coverage of the Shelf Registration, without charge, at least one copy of the Shelf Registration Statement and any post-effective amendment or supplement thereto, including financial
statements and schedules, and, if the Holder so requests in writing, all exhibits thereto (including those, if any, incorporated by reference). The Company shall not, without the prior consent of the Initial Purchasers, make any offer relating to
the Securities that would constitute a “free writing prospectus,” as defined in Rule 405. 

(e)    The Company shall deliver to each Initial Purchaser, and to any other Holder who so requests,
without charge, at least one copy of the Exchange Offer Registration Statement and any post-effective amendment thereto, including financial statements and schedules, and, if any Initial Purchaser or any such Holder requests, all exhibits thereto
(including those incorporated by reference). 
 (f)    The Company shall, during the Shelf Registration
Period, deliver to each Holder of Securities included within the coverage of the Shelf Registration, without charge, as many copies of the prospectus (including each preliminary prospectus) included in the Shelf Registration Statement and any
amendment or supplement thereto as such person may reasonably request. The Company consents, subject to the provisions of this Agreement, to the use of the prospectus or any amendment or supplement thereto 

  
 7 

 
by each of the selling Holders of the Securities in connection with the offering and sale of the Securities covered by the prospectus, or any amendment or supplement thereto, included in the
Shelf Registration Statement. 
 (g)    The Company shall deliver to each Initial Purchaser, any
Exchanging Dealer, any Participating Broker-Dealer and such other persons required to deliver a prospectus following the Registered Exchange Offer, without charge, as many copies of the final prospectus included in the Exchange Offer Registration
Statement and any amendment or supplement thereto as such persons may reasonably request. The Company consents, subject to the provisions of this Agreement, to the use of the prospectus or any amendment or supplement thereto by any Initial
Purchaser, if necessary, any Participating Broker-Dealer and such other persons required to deliver a prospectus following the Registered Exchange Offer in connection with the offering and sale of the Exchange Securities covered by the prospectus,
or any amendment or supplement thereto, included in such Exchange Offer Registration Statement. 

(h)    Prior to any public offering of the Securities, pursuant to any Registration Statement, the Company
shall register or qualify or cooperate with the Holders of the Securities included therein and their respective counsel in connection with the registration or qualification of the Securities for offer and sale under the securities or “blue
sky” laws of such states of the United States as any Holder of the Securities reasonably requests in writing and do any and all other acts or things reasonably necessary or advisable to enable the offer and sale in such jurisdictions of the
Securities covered by such Registration Statement; provided, however, that the Company shall not be required to (i) qualify generally to do business in any jurisdiction where it is not then so qualified or (ii) take
any action which would subject it to general service of process or to taxation in any jurisdiction where it is not then so subject. 

(i)    To the extent the Securities are not in book-entry form, the Company shall cooperate with the
Holders of the Securities to facilitate the timely preparation and delivery of certificates representing the Securities to be sold pursuant to any Registration Statement free of any restrictive legends and in such denominations and registered in
such names as the Holders may request a reasonable period of time prior to sales of the Securities pursuant to such Registration Statement. 

(j)    Upon the occurrence of any event contemplated by clauses (ii) through (v) of
Section 3(b) above during the period for which the Company is required to maintain an effective Registration Statement, the Company shall promptly prepare and file a post-effective amendment to the Registration Statement or a supplement
to the related prospectus and any other required document so that, as thereafter delivered to Holders of the Securities or purchasers of Securities, the prospectus will not contain an untrue statement of a material fact or omit to state any material
fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. If the Company notifies the Initial Purchasers, the Holders of the Securities and any known
Participating Broker-Dealer in accordance with clauses (ii) through (v) of Section 3(b) above to suspend the use of the prospectus until the requisite changes to the prospectus have been made, then the Initial Purchasers, the

  
 8 

 
Holders of the Securities and any such Participating Broker-Dealers shall suspend use of such prospectus, and the period of effectiveness of the Shelf Registration Statement provided for in
Section 2(b) above and the Exchange Offer Registration Statement provided for in Section 1 above shall each be extended by the number of days from and including the date of the giving of such notice to and including the date
when the Initial Purchasers, the Holders of the Securities and any known Participating Broker-Dealer shall have received such amended or supplemented prospectus pursuant to this Section 3(j). During the period during which the Company is
required to maintain an effective Shelf Registration Statement pursuant to this Agreement, the Company will prior to the three-year expiration of that Shelf Registration Statement file, and use its reasonable best efforts to cause to be declared
effective (unless it becomes effective automatically upon filing) within a period that avoids any interruption in the ability of Holders of Securities covered by the expiring Shelf Registration Statement to make registered dispositions, a new
registration statement relating to the Securities, which shall be deemed the “Shelf Registration Statement” for purposes of this Agreement. 

(k)    Not later than the effective date of the applicable Registration Statement, the Company will provide
a CUSIP number for the Initial Securities, the Exchange Securities or the Private Exchange Securities, as the case may be, and provide the Trustee with certificates for the Initial Securities, the Exchange Securities or the Private Exchange
Securities, as the case may be, in a form eligible for deposit with The Depository Trust Company. 

(l)    The Company will comply with all rules and regulations of the Commission to the extent and so long
as they are applicable to the Registered Exchange Offer or the Shelf Registration and will make generally available to its security holders (or otherwise provide in accordance with Section 11(a) of the Securities Act) an earnings statement
satisfying the provisions of Section 11(a) of the Securities Act, no later than 45 days after the end of a 12-month period (or 90 days, if such period is a fiscal year) beginning with the first month of the Company’s first fiscal
quarter commencing after the effective date of the Registration Statement, which statement shall cover such 12-month period. 

(m)    The Company shall cause the Indenture to be qualified under the Trust Indenture Act of 1939, as
amended, in a timely manner and containing such changes, if any, as shall be necessary for such qualification. In the event that such qualification would require the appointment of a new trustee under the Indenture, the Company shall appoint a new
trustee thereunder pursuant to the applicable provisions of the Indenture. 
 (n)    The Company may
require each Holder of Securities to be sold pursuant to the Shelf Registration Statement to furnish to the Company such information regarding the Holder and the distribution of the Securities as the Company may from time to time reasonably require
for inclusion in the Shelf Registration Statement, and the Company may exclude from such registration the Securities of any Holder that unreasonably fails to furnish such information within a reasonable time after receiving such request. 

  
 9 

 (o)    The Company shall enter into such customary
agreements (including, if requested, an underwriting agreement in customary form) and take all such other action, if any, as any Holder of the Securities shall reasonably request in order to facilitate the disposition of the Securities pursuant to
any Shelf Registration. 
 (p)    In the case of any Shelf Registration, the Company shall (i) make
reasonably available for inspection by the Holders of the Securities, any underwriter participating in any disposition pursuant to the Shelf Registration Statement and any attorney, accountant or other agent retained by the Holders of the Securities
or any such underwriter all relevant financial and other records, pertinent corporate documents and properties of the Company and (ii) cause the Company’s officers, directors, employees, accountants and auditors to supply all
relevant information reasonably requested by the Holders of the Securities or any such underwriter, attorney, accountant or agent in connection with the Shelf Registration Statement, in each case, as shall be reasonably necessary to enable such
persons, to conduct a reasonable investigation within the meaning of Section 11 of the Securities Act; provided, however, that the foregoing inspection and information gathering shall be coordinated on behalf of the Initial
Purchasers by you and on behalf of the other parties, by one counsel designated by and on behalf of such other parties as described in Section 4 hereof; provided, further, however, that any information that is designated in
writing by the Company, in good faith, as confidential at the time of delivery of such information shall be kept confidential by the Holders or any such underwriter, attorney, accountant or other agent, unless such disclosure is made in connection
with a court proceeding or required by law, or such information is or becomes available to the public generally or through a third party without, to the knowledge of any recipient of confidential information, an accompanying obligation of
confidentiality or is independently developed. 
 (q)    In the case of any Shelf Registration, the
Company, if requested by any Holder of the Securities covered thereby, shall cause (i) its counsel to deliver an opinion and updates thereof relating to the Securities in customary form addressed to such Holders and the managing underwriters,
if any, thereof and dated, in the case of the initial opinion, the effective date of such Shelf Registration Statement (it being agreed that the matters to be covered by such opinion shall include, without limitation, the good standing of the
Company and its subsidiaries; the due authorization, execution and delivery of the relevant agreement of the type referred to in Section 3(o) hereof; the due authorization, execution, authentication and issuance, and the validity and
enforceability, of the applicable Securities; the absence of governmental approvals required to be obtained in connection with the Shelf Registration Statement, the offering and sale of the applicable Securities, or any agreement of the type
referred to in Section 3(o) hereof; the compliance as to form of such Shelf Registration Statement and any documents incorporated by reference therein and of the Indenture with the requirements of the Securities Act and the Trust
Indenture Act, respectively; and (A) as of the date of the opinion and as of the effective date of the Shelf Registration Statement or most recent post-effective amendment thereto, as the case may be, the absence from such Shelf Registration
Statement and the prospectus included therein, as then amended or supplemented, and from any documents incorporated by reference therein and (B) as of an applicable time identified by such Holders or managing underwriters, the absence from such
prospectus 

  
 10 

 
taken together with any other documents identified by such Holders or managing underwriters, in the case of (A) and (B), of an untrue statement of a material fact or the omission to
state therein a material fact required to be stated therein or necessary to make the statements therein not misleading (in the case of any such incorporated documents, in the light of the circumstances existing at the time that such documents were
filed with the Commission under the Exchange Act)); (ii) its officers to execute and deliver all customary documents and certificates and updates thereof requested by any underwriters of the applicable Securities and (iii) its
independent public accountants and the independent public accountants with respect to any other entity for which financial information is provided in the Shelf Registration Statement to provide to the selling Holders of the applicable Securities and
any underwriter therefor a comfort letter in customary form and covering matters of the type customarily covered in comfort letters in connection with primary underwritten offerings, subject to receipt of appropriate documentation as contemplated,
and only if permitted, by Statement of Auditing Standards No. 72. 
 (r)    In the case of
the Registered Exchange Offer, if requested by any Initial Purchaser or any known Participating Broker-Dealer, the Company shall cause (i) its counsel to deliver to such Initial Purchaser or such Participating Broker-Dealer signed opinions in
the form set forth in Section 5(b) of the Purchase Agreement with such changes as are customary in connection with the preparation of a Registration Statement and (ii) its independent public accountants and the independent
public accountants with respect to any other entity for which financial information is provided in the Registration Statement to deliver to such Initial Purchaser or such Participating Broker-Dealer a comfort letter, in customary form, meeting the
requirements as to the substance thereof as set forth in Sections 5(a) and 5(b) of the Purchase Agreement, with appropriate date changes. 

(s)    If a Registered Exchange Offer or a Private Exchange is to be consummated, upon delivery of the
Initial Securities by Holders to the Company (or to such other person as directed by the Company) in exchange for the Exchange Securities or the Private Exchange Securities, as the case may be, the Company shall mark, or cause to be marked, on the
Initial Securities so exchanged that such Initial Securities are being canceled in exchange for the Exchange Securities or the Private Exchange Securities, as the case may be; in no event shall the Initial Securities be marked as paid or otherwise
satisfied. 
 (t)    The Company will use its reasonable best efforts to (a) if the Initial
Securities have been rated prior to the initial sale of such Initial Securities, confirm such ratings will apply to the Securities covered by a Shelf Registration Statement, or (b) if the Initial Securities were not previously rated, cause the
Securities covered by a Shelf Registration Statement to be rated with the appropriate rating agencies, but in each case only if so requested by Holders of a majority in aggregate principal amount of Securities covered by such Registration Statement,
or by the managing underwriters, if any. 
 (u)    In the event that any broker-dealer registered under
the Exchange Act shall underwrite any Securities or participate as a member of an underwriting syndicate 

  
 11 

 
or selling group or “assist in the distribution” (within the meaning of the Conduct Rules (the “Rules”) of the Financial Industry Regulatory Authority
(“FINRA”)) thereof, whether as a Holder of such Securities or as an underwriter, a placement or sales agent or a broker or dealer in respect thereof, or otherwise, the Company will assist such broker-dealer in complying with the
requirements of such Rules, including, without limitation, by (i) if such Rules, including Rule 2720, shall so require, engaging a “qualified independent underwriter” (as defined in Rule 2720) to participate in the preparation
of the Registration Statement relating to such Securities, to exercise usual standards of due diligence in respect thereto and, if any portion of the offering contemplated by such Registration Statement is an underwritten offering or is made through
a placement or sales agent, to recommend the yield of such Securities, (ii) indemnifying any such qualified independent underwriter to the extent of the indemnification of underwriters provided in Section 5 hereof and
(iii) providing such information to such broker-dealer as may be required in order for such broker-dealer to comply with the requirements of the Rules. 

(v)    The Company shall use its reasonable best efforts to take all other steps necessary to effect the
registration of the Securities covered by a Registration Statement contemplated hereby. 
 4.    Registration
Expenses. The Company shall bear all fees and expenses incurred in connection with the performance of its obligations under Sections 1 through 3 hereof (including the reasonable fees and expenses, if any, of counsel for the Initial
Purchasers incurred in connection with the Registered Exchange Offer), whether or not the Registered Exchange Offer or a Shelf Registration is filed or becomes effective, and, in the event of a Shelf Registration, shall bear or reimburse the Holders
of the Securities covered thereby for the reasonable fees and disbursements of one firm of counsel designated by the Holders of a majority in principal amount of the Initial Securities covered thereby to act as counsel for the Holders of the Initial
Securities in connection therewith. Each Holder shall be responsible for paying all underwriting discounts and commissions, if any, relating to the sale or disposition of such Holder’s Securities pursuant to a Shelf Registration Statement. 

5.    Indemnification. 

(a)    The Company and each of the Guarantors, jointly and severally, agree to indemnify and hold harmless
each Holder of the Securities, any Participating Broker-Dealer and each person, if any, who controls such Holder or such Participating Broker-Dealer within the meaning of the Securities Act or the Exchange Act (each Holder, any Participating
Broker-Dealer and such controlling persons are referred to collectively as the “Indemnified Parties”) from and against any losses, claims, damages or liabilities, joint or several, or any actions in respect thereof (including, but
not limited to, any losses, claims, damages, liabilities or actions relating to purchases and sales of the Securities) to which each Indemnified Party may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such
losses, claims, damages, liabilities or actions arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in a Registration Statement or prospectus or in any amendment or supplement thereto or in
any preliminary prospectus or “issuer free writing prospectus,” 

  
 12 

 
as defined in Rule 433 under the Securities Act (“Issuer FWP”), relating to a Shelf Registration, or arise out of, or are based upon, the omission or alleged omission to state
therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and shall reimburse, as incurred, the Indemnified Parties for any legal or other expenses reasonably incurred by them in connection
with investigating or defending any such loss, claim, damage, liability or action in respect thereof; provided, however, that the Company and each Guarantor will not be liable in any such case to the extent that such loss, claim, damage or
liability arises out of or is based upon any untrue statement or alleged untrue statement or omission or alleged omission made in a Registration Statement or prospectus or in any amendment or supplement thereto or in any preliminary prospectus or
Issuer FWP relating to a Shelf Registration in reliance upon and in conformity with written information pertaining to such Holder and furnished to the Company by or on behalf of such Holder specifically for inclusion therein. 

(b)    Each Holder of the Securities, severally and not jointly, will indemnify and hold harmless the
Company and each Guarantor, their directors and officers and each person, if any, who controls the Company or such Guarantor within the meaning of the Securities Act or the Exchange Act from and against any losses, claims, damages or liabilities or
any actions in respect thereof, to which the Company or any such Guarantor, their directors and officers or any such controlling person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such losses, claims,
damages, liabilities or actions arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in a Registration Statement or prospectus or in any amendment or supplement thereto or in any preliminary
prospectus or Issuer FWP relating to a Shelf Registration, or arise out of or are based upon the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not
misleading, but in each case only to the extent that the untrue statement or omission or alleged untrue statement or omission was made in reliance upon and in conformity with written information pertaining to such Holder and furnished to the Company
by or on behalf of such Holder specifically for inclusion therein; and, subject to the limitation set forth immediately preceding this clause, shall reimburse, as incurred, the Company or any such Guarantor, their directors and officers or any such
controlling person for any legal or other expenses reasonably incurred by the Company or any such Guarantor, their directors and officers or any such controlling person in connection with investigating or defending any loss, claim, damage, liability
or action in respect thereof. This indemnity agreement will be in addition to any liability that such Holder may otherwise have to the Company, any Guarantor, their directors and officers or any such controlling person. 

(c)    Promptly after receipt by an indemnified party under this Section 5 of notice of the
commencement of any action or proceeding (including a governmental investigation), such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this Section 5, notify the indemnifying
party of the commencement thereof; but the failure to notify the indemnifying party shall not relieve the indemnifying party from any liability that it may have under subsection (a) or (b) above except to the extent that it has been
materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided, further that the failure to 

  
 13 

 
notify the indemnifying party shall not relieve it from any liability that it may have to an indemnified party otherwise than under subsection (a) or (b) above. In case any such
action is brought against any indemnified party, and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be entitled to participate therein and, to the extent that it may wish, jointly with any other
indemnifying party similarly notified, to assume the defense thereof, with counsel reasonably satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the indemnifying party), and after
notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof the indemnifying party will not be liable to such indemnified party under this Section 5 for any legal or other expenses, other
than reasonable costs of investigation, subsequently incurred by such indemnified party in connection with the defense thereof. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any
pending or threatened action in respect of which any indemnified party is or could have been a party and indemnity could have been sought hereunder by such indemnified party unless such settlement (i) includes an unconditional release of
such indemnified party from all liability on any claims that are the subject matter of such action, and (ii) does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of any indemnified
party. 
 (d)    If the indemnification provided for in this Section 5 is unavailable or
insufficient to hold harmless an indemnified party under subsections (a) or (b) above, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of the losses, claims, damages or
liabilities (or actions in respect thereof) referred to in subsection (a) or (b) above (i) in such proportion as is appropriate to reflect the relative benefits received by the indemnifying party or parties on the one hand and the
indemnified party on the other from the exchange of the Securities, pursuant to the Registered Exchange Offer, or (ii) if the allocation provided by the foregoing clause (i) is not permitted by applicable law, in such proportion as
is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the indemnifying party or parties on the one hand and the indemnified party on the other in connection with the
statements or omissions that resulted in such losses, claims, damages or liabilities (or actions in respect thereof) as well as any other relevant equitable considerations. The relative fault of the parties shall be determined by reference to, among
other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company and the Guarantors on the one hand or such Holder or such
other indemnified party, as the case may be, on the other, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The amount paid by an indemnified party as a result
of the losses, claims, damages or liabilities referred to in the first sentence of this subsection (d) shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating
or defending any action or claim which is the subject of this subsection (d). Notwithstanding any other provision of this Section 5(d), the Holders of the Securities shall not be required to contribute any amount in excess of the amount
by which the net proceeds received by such Holders from the sale of the Securities pursuant to a Registration Statement exceeds the amount of damages 

  
 14 

 which such Holders have otherwise been required to pay by reason of such untrue or alleged
untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation. For purposes of this subsection (d), each person, if any, who controls such indemnified party within the meaning of the Securities Act or the Exchange Act shall have the same rights to contribution as such indemnified
party and each person, if any, who controls the Company or any Guarantor within the meaning of the Securities Act or the Exchange Act shall have the same rights to contribution as the Company and the Guarantors. 

(e)    The agreements contained in this Section 5 shall survive the sale of the Securities
pursuant to a Registration Statement and shall remain in full force and effect, regardless of any termination or cancellation of this Agreement or any investigation made by or on behalf of any indemnified party. 

6.    Additional Interest Under Certain Circumstances. 

(a)    Additional interest (the “Additional Interest”) with respect to the Initial
Securities shall be assessed as follows if any of the following events occur (each such event in clauses (i) through (iii) below a “Registration Default”): 

(i)    If obligated to file a Shelf Registration Statement pursuant to (A) Sections 2(i)-(ii)
above, the Shelf Registration Statement has not been declared effective by the Commission (or become effective automatically) on or prior to the 365th day after the Issue Date, or (B) Sections 2(iii)-(iv) above, the Shelf
Registration Statement has not been declared effective by the Commission (or become effective automatically) on or prior to the 180th day after the date on which the Shelf Registration Statement is required to be filed; 

(ii)    If the Registered Exchange Offer has not been consummated on or before the 365th day after the
Issue Date; or 
 (iii)    If after either the Exchange Offer Registration Statement or the Shelf
Registration Statement is declared (or becomes automatically) effective (A) such Registration Statement thereafter ceases to be effective during the periods specified in Sections 1 and 2, as applicable; or
(B) such Registration Statement or the related prospectus ceases to be usable (except as permitted in subsection (b)) in connection with resales of Transfer Restricted Securities during the periods specified herein because either
(1) any event occurs as a result of which the related prospectus forming part of such Registration Statement would include any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein in
the light of the circumstances under which they were made not misleading, (2) it shall be necessary to amend such Registration Statement or supplement the related prospectus, to comply with the Securities Act or the Exchange Act or the
respective rules thereunder, or (3) such Registration Statement is a Shelf Registration Statement that has expired before a replacement Shelf Registration Statement has become effective. 

  
 15 

 Additional Interest shall accrue on the Initial Securities over and above the interest set
forth in the title of the Securities from and including the date on which any such Registration Default shall occur to but excluding the date on which all such Registration Defaults have been cured. In the event such Registration Defaults are not
previously cured, all Registration Defaults shall be cured on the date that each Security is no longer a Transfer Restricted Security. The rate of the Additional Interest will be 0.25% per year for the first 90-day period immediately following the
occurrence of a Registration Default, and such rate will increase by an additional 0.25% per year with respect to each subsequent 90-day period until all Registration Defaults have been cured, up to a maximum Additional Interest rate of 1.00% per
year. The Issuer will pay such Additional Interest on regular interest payment dates. Such Additional Interest will be in addition to any other interest payable from time to time with respect to the Initial Securities and the Exchange Securities.
The Company will not be required to pay Additional Interest for more than one Registration Default at any given time. Following the cure of all Registration Defaults, the accrual of Additional Interest will cease and the interest rate will revert to
the original rate, 5.875%. The Additional Interest due pursuant to this Section 6(a) shall be the sole remedy for any Registration Default. 

(b)    A Registration Default referred to in Section 6(a)(iii)(B) hereof shall be deemed not to have
occurred and be continuing in relation to a Shelf Registration Statement or the related prospectus if (i) such Registration Default has occurred solely as a result of (x) the filing of a post-effective amendment to such Shelf Registration
Statement to incorporate annual audited financial information with respect to the Company where such post-effective amendment is not yet effective and needs to be declared effective to permit Holders to use the related prospectus or (y) other
material events, with respect to the Company that would need to be described in such Shelf Registration Statement or the related prospectus and (ii) in the case of clause (y), the Company is proceeding promptly and in good faith to amend or
supplement such Shelf Registration Statement and related prospectus to describe such events; provided, however, that in any case if such Registration Default occurs for a continuous period in excess of 60 days, Additional Interest shall be
payable in accordance with the above paragraph from the day such Registration Default would have been deemed to occur but for this Section 6(b) until such Registration Default is cured. 

(c)    Any amounts of Additional Interest due pursuant to Section 6(a) above will be payable in cash
on the regular interest payment dates with respect to the Initial Securities. The amount of Additional Interest will be determined by multiplying the applicable Additional Interest rate by the principal amount of the Initial Securities, multiplied
by a fraction, the numerator of which is the number of days such Additional Interest rate was applicable during such period (determined on the basis of a 360-day year comprised of twelve 30-day months), and the denominator of which is 360. 

(d)    “Transfer Restricted Securities” means each Security until (i) the date
on which such Transfer Restricted Security has been exchanged by a person other than a 

  
 16 

 
broker-dealer for a freely transferable Exchange Security in the Registered Exchange Offer, (ii) following the exchange by a broker-dealer in the Registered Exchange Offer of an Initial Security
for an Exchange Security, the date on which such Exchange Security is sold to a purchaser who receives from such broker-dealer on or prior to the date of such sale a copy of the prospectus contained in the Exchange Offer Registration Statement,
(iii) the date on which such Initial Security has been effectively registered under the Securities Act and disposed of in accordance with the Shelf Registration Statement or (iv) the date on which such Initial Securities are distributed to the
public pursuant to Rule 144 under the Securities Act or are saleable by non-affiliates of the Company pursuant to Rule 144(d)(l)(i) under the Securities Act, provided, however, that the six month period shall be replaced with one year. 

7.    Rules 144 and 144A. The Company shall use its reasonable best efforts to file the reports required to be
filed by it under the Securities Act and the Exchange Act in a timely manner and, if at any time the Company is not required to file such reports, it will, upon the request of any Holder of Initial Securities, make publicly available other
information so long as necessary to permit sales of their securities pursuant to Rules 144 and 144A. The Company covenants that it will take such further action as any Holder of Initial Securities may reasonably request, all to the extent required
from time to time to enable such Holder to sell Initial Securities without registration under the Securities Act within the limitation of the exemptions provided by Rules 144 and 144A (including the requirements of Rule 144A(d)(4)). The Company will
provide a copy of this Agreement to prospective purchasers of Initial Securities identified to the Company by the Initial Purchasers upon request. Upon the request of any Holder of Initial Securities, the Company shall deliver to such Holder a
written statement as to whether it has complied with such requirements. Notwithstanding the foregoing, nothing in this Section 7 shall be deemed to require the Company to register any of its securities pursuant to the Exchange Act. 

8.    Underwritten Registrations. If any of the Transfer Restricted Securities covered by any Shelf Registration
are to be sold in an underwritten offering, the investment banker or investment bankers and manager or managers that will administer the offering will be selected by the Holders of a majority in aggregate principal amount of such Transfer Restricted
Securities to be included in such offering. 
 No person may participate in any underwritten registration hereunder unless such person
(i) agrees to sell such person’s Transfer Restricted Securities on the basis reasonably provided in any underwriting arrangements approved by the persons entitled hereunder to approve such arrangements and (ii) completes and executes
all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements. 

9.    Miscellaneous. 

(a)    Amendments and Waivers. The provisions of this Agreement may not be amended, modified or
supplemented, and waivers or consents to departures from the provisions hereof may not be given, except by the Company and the written consent of the Holders of a majority in principal amount of (or, in the case of any Additional Interest, all) the
Securities affected by such amendment, modification, supplement, waiver or consent. 

  
 17 

 (b)    Notices. All notices and other
communications provided for or permitted hereunder shall be made in writing by hand delivery, first-class mail, facsimile transmission, electronic mail or air courier that guarantees overnight delivery: 

(i)    if to a Holder of the Securities, at the most current address given by such Holder to the Company.

  

	 	(ii)	 if to the Initial Purchasers: 

Merrill Lynch, Pierce, Fenner & Smith 

                    Incorporated 

One Bryant Park 
 New York, NY
10036 
 with a copy (which shall not constitute notice) to: 

Latham & Watkins LLP 

811 Main Street, Suite 3700 

Houston, TX 77002 
 Fax No.:
(713) 546-5401 
 Attention: Ryan Maierson 

Email:       ryan.maierson@lw.com 

 

	 	(iii)	 if to the Company: 

Matador Resources Company 
 One
Lincoln Centre 
 5400 LBJ Freeway, Suite 1500 

Dallas, Texas 75240 
 Fax No.:
(972) 371-5201 
 Attention: Craig N. Adams, Executive Vice President – 

                       
                       Land, Legal and Administration 

Email:        cadams@matadorresources.com 

with a copy (which shall not constitute notice) to: 

Gibson, Dunn & Crutcher LLP 

2100 McKinney Avenue 
 Dallas,
Texas 75201 
 Fax No.: (214) 571-2948 

Attention: Douglass M. Rayburn 

Email:       drayburn@gibsondunn.com 

  
 18 

 All such notices and communications shall be deemed to have been duly given: at the time
delivered by hand, if personally delivered; three business days after being deposited in the mail, postage prepaid, if mailed; when receipt is acknowledged by recipient’s facsimile machine operator, if sent by facsimile transmission; and on the
day delivered, if sent by electronic mail or overnight air courier guaranteeing next day delivery. 
 Unless otherwise indicated, all
references herein to “days” are to calendar days. 
 (c)    No Inconsistent Agreements.
The Company has not, as of the date hereof, entered into, nor shall it, on or after the date hereof, enter into, any agreement with respect to its securities that is inconsistent with the rights granted to the Holders herein or otherwise conflicts
with the provisions hereof. 
 (d)    Successors and Assigns. This Agreement shall be binding upon
the Issuer, the Guarantors and their respective successors and assigns. 
 (e)    Counterparts.
This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same
agreement. 
 (f)    Headings. The headings in this Agreement are for convenience of reference
only and shall not limit or otherwise affect the meaning hereof. 
 (g)    Governing Law. THIS
AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. 

(h)    Severability. If any one or more of the provisions contained herein, or the application thereof in
any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be affected or impaired thereby. 

(i)    Securities Held by the Company. Whenever the consent or approval of Holders of a specified
percentage of principal amount of Securities is required hereunder, Securities held by the Company or its affiliates (other than subsequent Holders of Securities if such subsequent Holders are deemed to be affiliates solely by reason of their
holdings of such Securities) shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage. 

(j)    Submission to Jurisdiction. By the execution and delivery of this Agreement, the Issuer and
each Guarantor submit to the nonexclusive jurisdiction of any competent federal or state court in the City and State of New York in any suit or proceeding arising out of or relating to this Agreement or brought under federal or state securities
laws. 
 [Signature pages follow.] 

  
 19 

 If the foregoing is in accordance with your understanding of our agreement, please sign and
return to the Issuer a counterpart hereof, whereupon this instrument, along with all counterparts, will become a binding agreement among the several Initial Purchasers, the Issuer and the Guarantors in accordance with its terms. 

 

			
		 	Very truly yours,
	
	MATADOR RESOURCES COMPANY
		
	By:	 	 /s/ Craig N. Adams

	 	 	Craig N. Adams
		 	Executive Vice President – Land, Legal and Administration
	
	 DELAWARE WATER MANAGEMENT COMPANY, LLC

	 LONGWOOD GATHERING AND DISPOSAL SYSTEMS GP, INC.

	 LONGWOOD MIDSTREAM HOLDINGS, LLC

	 LONGWOOD MIDSTREAM SOUTH TEXAS, LLC

	 LONGWOOD MIDSTREAM SOUTHEAST, LLC

	 LONGWOOD MIDSTREAM DELAWARE, LLC

	 MATADOR PRODUCTION COMPANY

	 MRC ENERGY COMPANY

	 MRC DELAWARE RESOURCES, LLC

	 MRC ENERGY SOUTHEAST COMPANY, LLC

	 MRC ENERGY SOUTH TEXAS COMPANY, LLC

	 MRC PERMIAN COMPANY

	 MRC PERMIAN LKE COMPANY, LLC

	 MRC ROCKIES COMPANY

	 SOUTHEAST WATER MANAGEMENT COMPANY, LLC

		
	By:	 	 /s/ Craig N. Adams

		 	Craig N. Adams
		 	Executive Vice President – Land, Legal and Administration

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	 LONGWOOD GATHERING AND DISPOSAL SYSTEMS, LP

		
	By:	 	Longwood Gathering and Disposal Systems GP, Inc., its general partner
		
	By:	 	 /s/ Craig N. Adams

		 	Craig N. Adams
		 	Executive Vice President – Land, Legal and Administration

  
 [Signature Page to
Registration Rights Agreement] 

					
	The foregoing Registration Rights Agreement is hereby confirmed and accepted as of the date first above written.
	
	MERRILL LYNCH, PIERCE, FENNER & SMITH
		 	 INCORPORATED

		
		 	Acting on behalf of itself
		 	and as the Representative of
		 	the several Initial Purchasers
		
	By:	 	 Merrill Lynch, Pierce, Fenner & Smith
                     Incorporated

		
	By:	 	 /s/ Jonathan Miscimarra

		 	 Name:
	 	Jonathan Miscimarra                    
		 	 Title:
	 	Director

  
 [Signature Page to
Registration Rights Agreement] 

 ANNEX A 

Each broker-dealer that receives Exchange Securities for its own account pursuant to the Registered Exchange Offer must acknowledge that it
will deliver a prospectus in connection with any resale of such Exchange Securities. The Letter of Transmittal states that by so acknowledging and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an
“underwriter” within the meaning of the Securities Act. This Prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in connection with resales of Exchange Securities received in exchange for
Initial Securities where such Initial Securities were acquired by such broker-dealer as a result of market-making activities or other trading activities. The Company has agreed that, for a period of 180 days after the consummation of the Registered
Exchange Offer, it will make this Prospectus available to any broker-dealer for use in connection with any such resale. See “Plan of Distribution.” 

  
 Annex A - 1 

 ANNEX B 

Each broker-dealer that receives Exchange Securities for its own account in exchange for Securities, where such Initial Securities were
acquired by such broker-dealer as a result of market-making activities or other trading activities, must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities. See “Plan of Distribution.”

  
 Annex B - 1 

 ANNEX C 

PLAN OF DISTRIBUTION 

Each broker-dealer that receives Exchange Securities for its own account pursuant to the Registered Exchange Offer must acknowledge that it
will deliver a prospectus in connection with any resale of such Exchange Securities. This Prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in connection with resales of Exchange Securities received
in exchange for Initial Securities where such Initial Securities were acquired as a result of market-making activities or other trading activities. The Company has agreed that, for a period of 180 days after the effective date of the Exchange Offer
Registration Statement, it will make this prospectus, as amended or supplemented, available to any broker-dealer for use in connection with any such resale. In addition, until            ,
20    (90 days after the consummation of the Registered Exchange Offer), all dealers effecting transactions in the Exchange Securities may be required to deliver a prospectus. 

The Company will not receive any proceeds from any sale of Exchange Securities by broker-dealers. Exchange Securities received by
broker-dealers for their own account pursuant to the Exchange Offer may be sold from time to time in one or more transactions in the over-the-counter market, in
negotiated transactions, through the writing of options on the Exchange Securities or a combination of such methods of resale, at market prices prevailing at the time of resale, at prices related to such prevailing market prices or negotiated
prices. Any such resale may be made directly to purchasers or to or through brokers or dealers who may receive compensation in the form of commissions or concessions from any such broker dealer or the purchasers of any such Exchange Securities. Any
broker-dealer that resells Exchange Securities that were received by it for its own account pursuant to the Exchange Offer and any broker or dealer that participates in a distribution of such Exchange Securities may be deemed to be an
“underwriter” within the meaning of the Securities Act and any profit on any such resale of Exchange Securities and any commission or concessions received by any such persons may be deemed to be underwriting compensation under the
Securities Act. The Letter of Transmittal states that, by acknowledging that it will deliver and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act.

 For a period of 180 days after the consummation of the Registered Exchange Offer, the Company will promptly send additional copies of
this Prospectus and any amendment or supplement to this Prospectus to any broker-dealer that requests such documents as provided in the Letter of Transmittal. The Company has agreed to pay all expenses incident to the Exchange Offer (including the
expenses of one counsel for the Holders of the Securities) other than commissions or concessions of any brokers or dealers and will indemnify the Holders of the Securities (including any broker-dealers) against certain liabilities, including
liabilities under the Securities Act. 

  
 Annex C - 1 

 ANNEX D 

☐  CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY
AMENDMENTS OR SUPPLEMENTS THERETO. 
  

			
	Name:
                                         
                                         
                                         
                                         

	Address:
                                         
                                         
                                         
                                      
	                                    
                                         
                                         
                                         
                  

 If the undersigned is not a broker-dealer, the undersigned represents that it is not engaged in, and does not
intend to engage in, a distribution of Exchange Securities. If the undersigned is a broker-dealer that will receive Exchange Securities for its own account in exchange for Initial Securities that were acquired as a result of market-making activities
or other trading activities, it acknowledges that it will deliver a prospectus in connection with any resale of such Exchange Securities; however, by so acknowledging and by delivering a prospectus, the undersigned will not be deemed to admit that
it is an “underwriter” within the meaning of the Securities Act. 

  
 Annex D - 1

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