Document:

ex_4-1.htm

Exhibit 4.1 and Exhibit 4.10

PERSEON CORPORATION

 

And

 

OTC STOCK TRANSFER, INC.

 

WARRANT AGREEMENT

 

Dated as of [________], 2015

 

THIS WARRANT AGREEMENT (this “Agreement”), dated as of [____________], 2015 is by and between Perseon Corporation, a Delaware corporation (the “Company”), and OTC Stock Transfer, Inc., a Utah corporation, as warrant agent (the “Warrant Agent”, also collectively referred to herein as the “Transfer Agent,” and subject to the appointment of a successor Warrant Agent pursuant to Section 7.3).

 

WHEREAS, the Company is engaged in a public offering (the “Offering”) of the Company’s Common Stock (as defined below) together with Warrants (as defined below) to purchase Common Stock and, in connection therewith, has determined to issue and deliver up to [________] Warrants (including up to [________] Warrants subject to the Over-allotment Option, as defined in the Underwriting Agreement between the Company and Maxim Group LLC, as the representative of the underwriters, dated ______, 2015) to investors in the Offering (the “Warrants”).  Each Warrant entitles the holder thereof to purchase one share of common stock of the Company, par value $0.001 per share (“Common Stock” and, together with the Warrants and the shares of Common Stock underlying the Warrants, the “Securities”), for $ [____________] per share, subject to adjustment as described herein; and

 

WHEREAS, the Company has filed with the Securities and Exchange Commission (the “Commission”) a registration statement on Form S-1, No. 333-203592 (the “Registration Statement”) and prospectus (the “Prospectus”), for the registration, under the Securities Act of 1933, as amended (the “Securities Act”), of the Securities; and

 

WHEREAS, the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

 

WHEREAS, the Company desires to provide for the form and provisions of the Warrants, the terms upon which they shall be issued and exercised, and the respective rights, limitation of rights, and immunities of the Company, the Warrant Agent, and the holders of the Warrants; and

 

WHEREAS, all acts and things have been done and performed which are necessary to make the Warrants, when executed on behalf of the Company and countersigned by or on behalf of the Warrant Agent, as provided herein, the valid, binding and legal obligations of the Company, and to authorize the execution and delivery of this Agreement.

 

NOW, THEREFORE, in consideration of the mutual agreements herein contained, the parties hereto agree as follows:

 

1. Appointment of Warrant Agent.  The Company hereby appoints the Warrant Agent to act as agent for the Company for the Warrants, and the Warrant Agent hereby accepts such appointment and agrees to perform the same in accordance with the terms and conditions set forth in this Agreement.

 

2. Warrants.

 

2.1. Form of Warrant.  Each Warrant shall be issued in registered form only and shall be in substantially the form of Exhibit A hereto, the provisions of which are incorporated herein, and shall be signed by, or bear the facsimile signature of, the Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer, Secretary or other authorized officer of the Company.  In the event the person whose facsimile signature has been placed upon any Warrant shall have ceased to serve in the capacity in which such person signed the Warrant before such Warrant is issued, it may be issued with the same effect as if he or she had not ceased to be such at the date of issuance.

 

2.2. Effect of Countersignature.  Unless and until countersigned by, or bear the facsimile signature of, the Warrant Agent pursuant to this Agreement, a Warrant shall be invalid and of no effect and may not be exercised by the holder thereof.

 

2.3. Registration.

 

2.3.1. Warrant Register.  The Warrant Agent shall maintain books (the “Warrant Register”) for the registration of original issuance and the registration of transfer of the Warrants.  Upon the initial issuance of the Warrants, the Warrant Agent shall issue and register the Warrants in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Warrant Agent by the Company or its representatives.

 

2.3.2. Registered Holder.  Prior to due presentment to the Warrant Agent for registration of transfer of any Warrant, the Company and the Warrant Agent may deem and treat the person in whose name such Warrant is registered in the Warrant Register (the “Registered Holder”) as the absolute owner of such Warrant and of each Warrant represented thereby (notwithstanding any notation of ownership or other writing on the Warrant Certificate (as defined below) made by anyone other than the Company or the Warrant Agent), for the purpose of any exercise thereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary.

 

3. Terms and Exercise of Warrants.

 

3.1. Warrant Price.  Each Warrant shall, when countersigned by the Warrant Agent, entitle the Registered Holder thereof, subject to the provisions of such Warrant and of this Agreement, to purchase from the Company the number of shares of Common Stock stated therein, at the price of $ [____________] per share, subject to the adjustments provided in Section 4 hereof and in the last sentence of this Section 3.1.  The term “Warrant Price” as used in this Agreement shall mean the price per share at which shares of Common Stock may be purchased at the time a Warrant is exercised.  The Company in its sole discretion may lower the Warrant Price at any time prior to the Expiration Date (as defined below) for a period of not less than twenty (20) Business Days; provided, however, that the Company shall provide at least twenty (20) days prior written notice of such reduction to the Warrant Agent and Registered Holders of the Warrants and provided further that any such reduction shall be identical among all of the Warrants.  For purposes of the Agreement, “Business Day” shall mean any day other than a Saturday, Sunday or a day on which banking institutions in the City of New York are authorized or obligated by law or executive order to close.

 

  

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3.2. Duration of Warrants.  A Warrant may be exercised only during the period (the “Exercise Period”) commencing immediately following the closing of the Offering and terminating at 5:00 p.m., New York City time on the Expiration Date; provided, however, that the exercise of any Warrant shall be subject to the satisfaction of any applicable conditions set forth in subsection 3.3.3 below with respect to an effective registration statement.  For purposes of this Agreement, the “Expiration Date” shall mean the date that is five (5) years after the closing of the Offering.  Each Warrant not exercised on or before the Expiration Date shall become void, and all rights thereunder and all rights in respect thereof under this Agreement shall cease at 5:00 p.m. New York City time on the Expiration Date.  The Company in its sole discretion may extend the duration of the Warrants by delaying the Expiration Date; provided, however, that the Company shall provide at least twenty (20) days prior written notice of any such extension to the Warrant Agent and Registered Holders of the Warrants and, provided further that any such extension shall be identical in duration among all the Warrants.

 

3.3. Exercise of Warrants.

 

3.3.1. Payment.  Subject to the provisions of the Warrant and this Agreement, a Warrant countersigned by the Warrant Agent may be exercised by the Registered Holder thereof by surrendering it, at the office of the Warrant Agent, or at the office of its successor as Warrant Agent, with the subscription form, as set forth in the Warrant, duly executed, and by paying in full the Warrant Price for each full share of Common Stock as to which the Warrant is exercised and any and all applicable taxes due in connection with the exercise of the Warrant.  The aggregate Warrant Price shall be paid

 

(a) in lawful money of the United States by wire transfer of immediately available funds or certified check payable to the order of the Warrant Agent; or

 

(b) as provided in Section 3.3.2 hereof.

 

3.3.2. Cashless Exercise.  Notwithstanding anything contained herein to the contrary, if and only if an effective registration statement covering the issuance of the Warrant Shares (as defined below) is not available, (b) the Registered Holder is not an affiliate of the Company, (c) the applicable holding period set forth in Rule 144(d) has been satisfied, and (d) the Warrant Agent is provided with a legal opinion in form reasonably satisfactory to the Warrant Agent to the effect that the shares issuable upon the respective Cashless Exercise may be issued without restrictive legend, the Registered Holder may exercise this Warrant in whole or in part and, in lieu of making the cash payment otherwise contemplated to be made to the Company upon such exercise in payment of the aggregate Warrant Price, and elect instead to receive upon such exercise the “Net Number” of shares of Common Stock determined according to formula below (a “Cashless Exercise”).  In that case, the Registered Holder shall deliver to the Company a duly executed facsimile copy of the Notice of Exercise form annexed hereto (the “Exercise Notice”).  In no event shall the Company be required to net cash settle the Warrant exercise.  In case of a Cashless Exercise, the following formula applies:

 

	
Net Number =

	
(A x B) - (A x C)

	  	
B

For purposes of the foregoing formula:

 

	
A

	
=

	
the total number of shares with respect to which this Warrant is then being exercised.

	  	  	  
	
B

	
=

	
the arithmetic average of the Closing Sale Prices (as defined below) of the Common Stock for the five (5) consecutive trading days ending on the date immediately preceding the date of the Exercise Notice.

	  	  	  
	
C

	
=

	
the Warrant Price then in effect for the applicable shares of Common Stock at the time of such exercise.

	  	  	  

The term “Closing Sale Price” means, for any security as of any date, the last closing bid price and last closing trade price, respectively, for such security on the NASDAQ Capital Market, as reported by Bloomberg, or, if the NASDAQ Capital Market begins to operate on an extended hours basis and does not designate the closing bid price or the closing trade price, as the case may be, then the last bid price or the last trade price, respectively, of such security prior to 4:00:00 p.m., New York time, as reported by Bloomberg, or, if the NASDAQ Capital Market is not the principal securities exchange or trading market for such security, the last closing bid price or last trade price, respectively, of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or if the foregoing do not apply, the last closing bid price or last trade price, respectively, of such security in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no closing bid price or last trade price, respectively, is reported for such security by Bloomberg, the average of the bid prices, or the ask prices, respectively, of any market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.).  If the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Closing Sale Price of such security on such date shall be the fair market value as mutually determined by the Company and the Registered Holder.  If the Company and the Registered Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 8.3 hereof.  All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction during the applicable calculation period.

 

For purposes of Rule 144(d) promulgated under the Securities Act, as in effect on the date hereof, the shares of Common Stock issued in a Cashless Exercise shall be deemed to have been acquired by the Registered Holder, and the holding period for the shares of Common Stock shall be deemed to have commenced, on the date this Warrant was originally issued and fully paid for.

 

Upon receipt of an Election to Purchase in the form set forth hereon for a Cashless Exercise (the “Purchase Election Notice”), the Company shall calculate and transmit to the Warrant Agent, and the Warrant Agent shall have no obligation under this Warrant Agreement to calculate, confirm or verify the accuracy or the correctness of, the number of Warrant Shares issuable in connection with the Cashless Exercise.

 

3.3.3. Issuance of Shares of Common Stock on Exercise.  As soon as practicable after the exercise of any Warrant and the clearance of the funds in payment of the Warrant Price (if payment is pursuant to subsection 3.3.1(a)), the Company shall issue to the Registered Holder of such Warrant a certificate or certificates for the number of full shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it, and if such Warrant shall not have been exercised in full, a new countersigned Warrant for the number of shares as to which such Warrant shall not have been exercised.  Notwithstanding the foregoing, except as provided in Section 3.3.2, the Company shall not be obligated to deliver any shares of Common Stock pursuant to the exercise of a Warrant and shall have no obligation to settle such Warrant exercise unless a registration statement under the Securities Act with respect to the shares of Common Stock underlying the Warrants (the “Warrant Shares”) is then effective and a prospectus relating thereto is current. Unless otherwise advised in writing by the Company, the Warrant Agent shall always be entitled to assume that such conditions precedent are in effect and shall incur no liability in making such assumption.  In the event that the conditions in the two (2) immediately preceding sentences are not satisfied with respect to a Warrant, the holder of such Warrant shall not be entitled to exercise such Warrant and such Warrant may have no value and expire worthless.  Subject to Section 4.5 of this Agreement, a Registered Holder of Warrants may exercise its Warrants only for a whole number of shares of Common Stock.  In no event will the Company be required to net cash settle the Warrant.  If, by reason of any exercise of warrants, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share, the Company may either (i) round up to the nearest whole number, the number of shares to be issued to such holder or (ii) by written notice given to the Transfer Agent within one Business Day of the exercise of the Warrant by the Holder, pay such holder cash for such fractional share in the Company’s sole discretion.

 

3.3.4. Valid Issuance.  All shares of Common Stock issued upon the proper exercise of a Warrant in conformity with this Agreement shall be validly issued, fully paid and nonassessable.

 

3.3.5. Date of Issuance.  Each person in whose name any certificate for shares of Common Stock is issued shall for all purposes be deemed to have become the holder of record of such shares of Common Stock on the date on which the Warrant was surrendered and payment of the Warrant Price was made, irrespective of the date of delivery of such certificate, except that, if the date of such surrender and payment is a date when the share transfer books of the Company are closed, such person shall be deemed to have become the holder of such shares at the close of business on the next succeeding date on which the share transfer books are open.

 

  

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3.3.6. Share Delivery Failure.  With respect to an exercise of this Warrant under Section 3.3.1, if the Company shall fail, for any reason or for no reason, to issue to the Registered Holder within three (3) trading days after the valid exercise of the Warrant in accordance with all requirements of Section 3.3.1 (the “Share Delivery Deadline”), a certificate for the number of Warrant Shares to which the Registered Holder is entitled upon such Registered Holder’s exercise of a Warrant or credit such Registered Holder’s balance account with The Depository Trust Company (“DTC”) for such number of Warrant Shares to which such Registered Holder is entitled upon such Registered Holder’s exercise of the Warrant (as the case may be, but in each case without a restrictive legend) (a “Delivery Failure”), and if on such or after such Share Delivery Deadline the Registered Holder purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Registered Holder of all or any portion of the number of Warrant Shares issuable upon such exercise that the Registered Holder so anticipated receiving from the Company, then, in addition to all other remedies available to it, the Company shall, within three (3) Business Days after the Registered Holder’s request and in the Registered Holder’s discretion, either (i) pay cash to the Registered Holder in an amount equal to 100% of the Registered Holder’s total purchase price (including brokerage commissions and other out-of-pocket expenses, if any) for the shares of Common Stock so purchased (including, without limitation, by any other person in respect, or on behalf, of the Registered Holder) (the “Buy-In Price”), at which point the Company’s obligation to so issue and deliver such certificate or credit the Registered Holder’s balance account with DTC for the number of Warrant Shares to which the Registered Holder is entitled upon the Holder’s exercise hereunder (as the case may be) (and to issue such Warrant Shares) shall terminate, or (ii) promptly honor its obligation to so issue and deliver to the Registered Holder a certificate or certificates representing such Warrant Shares or credit the Registered Holder’s balance account with DTC for the number of Warrant Shares to which the Registered Holder is entitled upon the Registered Holder’s exercise hereunder (as the case may be) and pay cash to the Registered Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number of shares of Common Stock multiplied by (B) the lowest Closing Sale Price of the shares of Common Stock on any trading day during the period commencing on the date of the applicable Exercise Notice and ending on the date immediately preceding the date of such issuance and payment under this clause (ii).  The Warrant Agent shall have no duties, responsibilities or obligations to take any action under this paragraph without clear and precise instructions from the Company.

 

3.3.7. Maximum Percentage.  A holder of a Warrant may notify the Company and the Warrant Agent in writing in the event such holder elects to be subject to the provisions contained in this subsection 3.3.7; however, no holder of a Warrant shall be subject to this subsection 3.3.7 unless he, she or it makes such election.  If the election is made by a holder, the Warrant Agent shall not effect the exercise of the holder’s Warrant, and such holder shall not have the right to exercise such Warrant, to the extent that after giving effect to such exercise, such person (together with such person’s affiliates), to the Warrant Agent’s actual knowledge without investigation or inquiry of any kind, would beneficially own in excess of 4.99% (the “Maximum Percentage”) of the shares of Common Stock outstanding immediately after giving effect to such exercise.  For purposes of the foregoing sentence, the aggregate number of shares of Common Stock beneficially owned by such person and its affiliates shall include the number of shares of Common Stock issuable upon exercise of the Warrant with respect to which the determination of such sentence is being made, but shall exclude shares of Common Stock that would be issuable upon (x) exercise of the remaining, unexercised portion of the Warrant beneficially owned by such person and its affiliates and (y) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company beneficially owned by such person and its affiliates (including, without limitation, any convertible notes or convertible preferred stock or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein.  Except as set forth in the preceding sentence, for purposes of this paragraph, beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).  Solely the holder of the Warrant shall determine the extent to which the Warrant is exercisable in accordance with this Section 3.3.7, and neither the Company nor the Transfer Agent shall have any obligation to verify or confirm the accuracy of such determination.  For purposes of the Warrant, in determining the number of outstanding shares of Common Stock, the holder may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company’s most recent annual report on Form 10-K, quarterly report on Form 10-Q, current report on Form 8-K or other public filing with the Commission as the case may be, (2) a more recent public announcement by the Company or (3) any other notice by the Company or the Transfer Agent (or its successor) setting forth the number of shares of Common Stock outstanding.  For any reason at any time, upon the written request of the holder of the Warrant, the Company shall, within two (2) Business Days, confirm orally and in writing to such holder the number of shares of Common Stock then outstanding.  In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of equity securities of the Company by the holder and its affiliates since the date as of which such number of outstanding shares of Common Stock was reported.  By written notice to the Company, the holder of a Warrant may from time to time increase or decrease the Maximum Percentage applicable to such holder to any other percentage specified in such notice; provided, however, that any such increase shall not be effective until the sixty-first (61st) day after such notice is delivered to the Company.

 

4. Adjustments.

 

4.1. Stock Dividends.

 

4.1.1. Split-Ups.  If after the date hereof, and subject to the provisions of Section 4.5 below, the number of outstanding shares of Common Stock is increased by a stock dividend payable in shares of Common Stock on Common Stock, or by a split-up of shares of Common Stock or other similar event, then, on the effective date of such stock dividend, split-up or similar event, the number of shares of Common Stock issuable on exercise of each Warrant shall be increased in proportion to such increase in the outstanding shares of Common Stock.  A rights offering to holders of the Common Stock entitling holders to purchase shares of Common Stock at a price less than the “Fair Market Value” (as defined below) shall be deemed a stock dividend of a number of shares of Common Stock equal to the product of (i) the number of shares of Common Stock actually sold in such rights offering (or issuable under any other equity securities sold in such rights offering that are convertible into or exercisable for the Common Stock) multiplied by (ii) one (1) minus the quotient of (x) the price per share of Common Stock paid in such rights offering divided by (y) the Fair Market Value.  For purposes of this subsection 4.1.1, (i) if the rights offering is for securities convertible into or exercisable for Common Stock, in determining the price payable for Common Stock, there shall be taken into account any consideration received for such rights, as well as any additional amount payable upon exercise or conversion and (ii) “Fair Market Value” means the volume weighted average price of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the first date on which the shares of Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights.

 

4.1.2. Extraordinary Dividends.  If the Company, at any time while the Warrants are outstanding and unexpired, shall pay a dividend or make a distribution in cash, securities or other assets to the holders of the Common Stock as a class on account of such shares of Common Stock (or other shares of the Company’s capital stock into which the Warrants are convertible), other than as described in subsection 4.1.1 (any such non-excluded event being referred to herein as an “Extraordinary Dividend”), then the Warrant Price shall be decreased, effective immediately after the effective date of such Extraordinary Dividend, by the amount of cash or the fair market value (as determined by the Board, in good faith) of any securities or other assets paid on each share of Common Stock (or other shares of the Company’s capital stock into which the Warrants are convertible) in respect of such Extraordinary Dividend.

 

4.2. Aggregation of Shares.  If after the date hereof, and subject to the provisions of Section 4.5 hereof, the number of outstanding shares of Common Stock is decreased by a consolidation, combination, reverse stock split or reclassification of shares of Common Stock or other similar event, then, on the effective date of such consolidation, combination, reverse stock split, reclassification or similar event, the number of shares of Common Stock issuable on exercise of each Warrant shall be decreased in proportion to such decrease in outstanding shares of Common Stock.

 

4.3. Adjustments in Warrant Price.  Whenever the number of shares of Common Stock purchasable upon the exercise of the Warrants is adjusted, as provided in subsection 4.1.1 or 4.2 above, the Warrant Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price immediately prior to such adjustment by a fraction (x) the numerator of which shall be the number of shares of Common Stock purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (y) the denominator of which shall be the number of shares of Common Stock so purchasable immediately thereafter.

 

4.4. Notices of Changes in Warrant.  Upon every adjustment of the Warrant Price or the number of shares issuable upon exercise of a Warrant, the Company shall give reasonable written notice thereof to the Warrant Agent, which notice shall state the Warrant Price and any new or amended terms resulting from such adjustment and the increase or decrease, if any, in the number of shares purchasable at such price upon the exercise of a Warrant, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based.  Upon every adjustment of the Warrant Price or the number of shares issuable upon exercise of a Warrant, the Company shall give written notice of the occurrence of such event to each holder of a Warrant, at the last address set forth for such holder in the Warrant Register, of the record date or the effective date of the event.  Failure to give such notice, or any defect therein, shall not affect the legality or validity of such event.  The Warrant Agent shall have no duty or obligation under this Agreement to determine whether any event requiring adjustment under this Section 4 has occurred or are scheduled or contemplated to occur or to calculate any of the adjustments set forth herein.

 

4.5. No Fractional Shares or Scrip.  Notwithstanding any provision contained in this Agreement to the contrary, the Company shall not issue fractional shares or scrip representing fractional shares upon the exercise of Warrants.  As to any fraction of a share which the holder of any Warrant would be entitled to purchase upon exercise of such Warrant, the Company may, at its election, either (i) pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Warrant Price, or (ii) by written notice given to the Transfer Agent within one Business Day of the exercise of the Warrant by the Holder, round up to the nearest whole number the number of shares of Common Stock to be issued to such holder.

 

4.6. Form of Warrant.  The form of Warrant need not be changed because of any adjustment pursuant to this Section 4, and Warrants issued after such adjustment may state the same Warrant Price and the same number of shares as is stated in the Warrants initially issued pursuant to this Agreement; provided, however, that the Company may at any time in its sole discretion make any change in the form of Warrant that the Company may deem appropriate and that does not affect the substance thereof, and any Warrant thereafter issued or countersigned, whether in exchange or substitution for an outstanding Warrant or otherwise, may be in the form as so changed.

 

  

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5. Transfer and Exchange of Warrants.

 

5.1. Registration of Transfer.  The Warrant Agent shall register the transfer, from time to time, of any outstanding Warrant upon the Warrant Register, upon surrender of such Warrant for transfer, properly endorsed with signatures properly guaranteed by an “eligible guarantor institution” participating in a signature guarantee program approved by the Securities Transfer Association, and accompanied by appropriate instructions for transfer.  Upon any such transfer, a new Warrant representing an equal aggregate number of Warrants shall be issued and the old Warrant shall be cancelled by the Warrant Agent.  The Warrants so cancelled shall be delivered by the Warrant Agent to the Company from time to time upon request.

 

5.2. Procedure for Surrender of Warrants.  Warrants may be surrendered to the Warrant Agent, together with a written request for exchange or transfer, and thereupon the Warrant Agent shall issue in exchange therefor one or more new Warrants as requested by the Registered Holder of the Warrants so surrendered, representing an equal aggregate number of Warrants.

 

5.3. Fractional Warrants.  The Warrant Agent shall not be required to effect any registration of transfer or exchange which shall result in the issuance of a warrant certificate for a fraction of a warrant.

 

5.4. Service Charges.  No service charge to the holder of the Warrant shall be made for any exchange or registration of transfer of Warrants.

 

5.5. Warrant Execution and Countersignature.  The Warrant Agent is hereby authorized to countersign and to deliver, in accordance with the terms of this Agreement, the Warrants required to be issued pursuant to the provisions of this Section 5, and the Company, whenever required by the Warrant Agent, shall supply the Warrant Agent with Warrants duly executed on behalf of the Company for such purpose.

 

6. Other Provisions Relating to Rights of Holders of Warrants.

 

6.1. No Rights as Stockholder.  A Warrant does not entitle the Registered Holder thereof to any of the rights of a stockholder of the Company, including, without limitation, the right to receive dividends, or other distributions, exercise any preemptive rights to vote or to consent or to receive notice as stockholders in respect of the meetings of stockholders or the election of directors of the Company or any other matter.

 

6.2. Lost, Stolen, Mutilated, or Destroyed Warrants.  If any Warrant is lost, stolen, mutilated or destroyed, absent notice to the Company or Warrant Agent that such certificates have been acquired by a protected purchaser, the Company may, upon receipt by the Warrant Agent of an open penalty surety bond satisfactory to the Warrant Agent and holding it and Company harmless, issue, in a form mutually agreed to by the Warrant Agent and the Company, a new Warrant of like denomination, tenor and date as the Warrant so lost, stolen, mutilated or destroyed, and countersigned by the Warrant Agent.  Any such new Warrant shall constitute a substitute contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated or destroyed Warrant shall be at any time enforceable by anyone.  The Warrant Agent may, at its option, countersign replacement Warrants for mutilated certificates upon presentation thereof without such indemnity.

 

6.3. Reservation of Common Stock.  The Company shall at all times reserve and keep available a number of its authorized but unissued shares of Common Stock that shall be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement.  The Company further covenants that its issuance of Warrants shall constitute full authority to its officers who are charged with the duty of executing stock certificates to execute and issue the necessary Warrant Shares upon the exercise of the purchase rights under the Warrants.  The Company will take all such commercially reasonable action as may be necessary to assure that such Warrant Shares may be issued as provided herein without violation of any applicable law or regulation, or of any requirements of the trading market upon which the Common Stock may be listed.  The Company covenants that all Warrant Shares which may be issued upon the exercise of the purchase rights represented by the Warrants will, upon exercise of the purchase rights represented by the Warrants and payment for such Warrant Shares in accordance herewith, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges created by the Company in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).

 

6.4. Registration of Common Stock.  The Company registered the Warrants and the Warrant Shares in the Registration Statement.  The Company will use its reasonable best efforts to maintain the effectiveness of such Registration Statement and the current status of the Prospectus or to file and maintain the effectiveness of another registration statement and another current prospectus covering the Warrants and the Warrant Shares at any time that the Warrants are exercisable.  In addition, the Company agrees to use its reasonable best efforts to register the Warrants and Warrant Shares under the blue sky laws of the states of residence of the Registered Holders to the extent an exemption from such registration is not available.  If at any time the Company does not have an effective registration statement covering the Warrant Shares, and Rule 144 is not available to cover the Warrant Shares due to the failure of the Company to be currently reporting under the Exchange Act (“Public Information Failure”), then the Company shall pay in cash by wire transfer of immediately available funds an amount per month equal to 1% of the aggregate volume weighted average price of the Warrant Shares into which a Warrant is converted which are not able to be delivered without legend because of such Public Information Failure to the Registered Holder thereof until such Warrant Shares are able to be delivered without legend (to be pro-rated for any periods which are less than one month).

 

7. Concerning the Warrant Agent and Other Matters.

 

7.1. Bank Accounts.  All funds received by the Warrant Agent under this Agreement that are to be distributed or applied by the Warrant Agent in the performance of services to be provided hereunder (the “Funds”) shall be held by [________] as agent for the Company and deposited in one or more bank accounts to be maintained by [________] in its name as agent for the Company.  Until paid pursuant to the terms of this Agreement, [________] will hold the Funds through such accounts in: deposit accounts of commercial banks with Tier 1 capital exceeding $1 billion or with an average rating above investment grade by S&P (LT Local Issuer Credit Rating), Moody’s (Long Term Rating) and Fitch Ratings, Inc. (LT Issuer Default Rating) (each as reported by Bloomberg Finance L.P.). [________] shall have no responsibility or liability for any diminution of the Funds that may result from any deposit made by [________] in accordance with this paragraph, including any losses resulting from a default by any bank, financial institution or other third party.  [________] may from time to time receive interest, dividends or other earnings in connection with such deposits.  [________] shall not be obligated to pay such interest, dividends or earnings to the Company, any holder or any other party.

 

7.2. Payment of Taxes.  The Company shall from time to time promptly pay all taxes and charges that may be imposed upon the Company or the Warrant Agent in respect of the issuance or delivery of the Warrant Shares, but neither the Company nor the Warrant Agent shall be obligated to pay any transfer taxes in respect of the Warrants or Warrant Shares.  The Warrant Agent shall not register any transfer or issue or deliver any Warrants or Warrant Shares unless or until the persons requesting the registration or issuance shall have paid to the Warrant Agent for the account of the Company the amount of such tax, if any, or shall have established to the reasonable satisfaction of the Company and the Warrant Agent that such tax, if any, has been paid.

 

7.3. Resignation, Consolidation, or Merger of Warrant Agent.

 

7.3.1. Appointment of Successor Warrant Agent.  The Warrant Agent, or any successor to it hereafter appointed, may resign its duties and be discharged from all further duties and liabilities hereunder after giving thirty (30) days’ notice in writing to the Company.  If the office of the Warrant Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall appoint in writing a successor Warrant Agent in place of the Warrant Agent.  If the Company shall fail to make such appointment within a period of thirty (30) days after it has been notified in writing of such resignation or incapacity by the Warrant Agent or by the holder of a Warrant (who shall, with such notice, submit his Warrant for inspection by the Company), then the holder of any Warrant may apply to the United States District Court for the District of Delaware for the appointment of a successor Warrant Agent at the Company’s cost.  Any successor Warrant Agent, whether appointed by the Company or by such applicable court, shall be a corporation duly organized and in good standing in its state of incorporation, and authorized under such laws to exercise the powers of a transfer agent and subject to supervision or examination by federal or state authority.  After appointment, any successor Warrant Agent shall be vested with all the authority, powers, rights, immunities, duties, and obligations of its predecessor Warrant Agent with like effect as if originally named as Warrant Agent hereunder, without any further act or deed; but, if for any reason it becomes necessary or appropriate, at the expense of the Company, the predecessor Warrant Agent shall deliver and transfer to the successor Warrant Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for such purpose.

 

  

4

  

7.3.2. Notice of Successor Warrant Agent.  In the event a successor Warrant Agent shall be appointed, the Company shall give notice thereof to the predecessor Warrant Agent and the Transfer Agent for the Common Stock not later than the effective date of any such appointment.

 

7.3.3. Merger or Consolidation of Warrant Agent.  Any entity into which the Warrant Agent may be merged or with which it may be consolidated or any entity resulting from any merger or consolidation to which the Warrant Agent shall be a party shall be the successor Warrant Agent under this Agreement without any further act.

 

7.4. Fees and Expenses of Warrant Agent.

 

7.4.1. Remuneration.  The Company agrees to pay the Warrant Agent remuneration for its services as such Warrant Agent as sets forth in an agreement between the Warrant Agent and the Company and shall, pursuant to its obligations under this Agreement, reimburse the Warrant Agent upon demand for all expenditures that the Warrant Agent may reasonably incur in the execution of its duties hereunder.

 

7.4.2. Further Assurances.  The Company agrees to perform, execute, acknowledge, and deliver or cause to be performed, executed, acknowledged, and delivered all such further and other acts, instruments, and assurances as may reasonably be required by the Warrant Agent for the carrying out or performing of the provisions of this Agreement.

 

7.5. Liability of Warrant Agent.

 

7.5.1. Reliance on Company Statement.  Whenever in the performance of its duties under this Agreement, the Warrant Agent shall deem it necessary or desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established by a statement signed by the Chief Executive Officer, Chief Financial Officers or other authorized officer (as identified in a written notice provided by the Chief Executive Officer or Chief Financial Officer) of the Company and delivered to the Warrant Agent.  The Warrant Agent may rely upon such statement for any action taken or suffered in good faith by it pursuant to the provisions of this Agreement.

 

7.5.2. Indemnity.  The Company covenants and agrees to indemnify and to hold the Warrant Agent harmless against any costs, expenses (including reasonable fees of its legal counsel), losses or damages, which may be paid, incurred or suffered by or to which it may become subject, arising from or out of, directly or indirectly, any claims or liability resulting from its actions or omissions as Warrant Agent pursuant hereto; provided, however, that such covenant and agreement does not extend to, and the Warrant Agent shall not be indemnified with respect to, such costs, expenses, losses and damages incurred or suffered by the Warrant Agent as a result of, or arising out of, its gross negligence, bad faith, or willful misconduct (each as determined in a final judgment by a court of competent jurisdiction).

 

7.5.3. Exclusions.  The Warrant Agent shall have no responsibility with respect to the validity of this Agreement or with respect to the validity or execution of any Warrant (except its countersignature thereof).  The Warrant Agent shall not be responsible for any breach by the Company of any covenant or condition contained in this Agreement or in any Warrant.  The Warrant Agent shall not be responsible to make any adjustments required under the provisions of Section 4 hereof or responsible for the manner, method, or amount of any such adjustment or the ascertaining of the existence of facts that would require any such adjustment; nor shall it by any act hereunder be deemed to make any representation or warranty as to the authorization or reservation of any shares of Common Stock to be issued pursuant to this Agreement or any Warrant or as to whether any Warrant Shares, when issued, be valid and fully paid and nonassessable.

 

7.5.4. Limitation of Liability.  Notwithstanding anything contained herein to the contrary, the Warrant Agent’s aggregate liability during any term of this Agreement with respect to, arising from, or arising in connection with this Agreement, or from all services provided or omitted to be provided under this Agreement, whether in contract, or in tort, or otherwise, is limited to, and shall not exceed, the amounts paid hereunder by the Company to the Warrant Agent as fees and charges, but not including reimbursable expenses, during the twelve (12) months immediately preceding the event for which recovery from Warrant Agent is being sought.

 

7.6. Instructions; Certifications.  From time to time, the Company may provide the Warrant Agent with instructions or certifications concerning or related to the services performed by the Warrant Agent hereunder.  In addition, at any time the Warrant Agent may apply to any officer of the Company for instruction, and may consult with legal counsel for the Warrant Agent or the Company with respect to any matter arising in connection with the services to be performed by the Warrant Agent under this Agreement.  The Warrant Agent and its employees, agents and subcontractors shall not be liable and shall be indemnified by the Company for any action taken or omitted by the Warrant Agent, its employees, agents and subcontractors in reliance upon any Company instructions, certifications or upon the advice or opinion of such counsel.  The Warrant Agent shall not be held to have notice of any change of authority of any person, until receipt of written notice thereof from the Company.

 

7.7. Rights and Duties of Warrant Agent.  (a) The Warrant Agent may consult with legal counsel reasonably satisfactory to the Company (who may be legal counsel for the Company), and the opinion of such counsel shall be full and complete authorization and protection to the Warrant Agent as to any action taken or omitted by it in accordance with such opinion.  Any action or omission by the Warrant Agent in reliance upon the advice of counsel shall be conclusively deemed to be in good faith.

 

(b) The Warrant Agent shall not be liable for or by reason of any of the statements of fact or recitals contained in this Agreement or in the Warrants (except its countersignature thereof) or be required to verify the same, and all such statements and recitals are and shall be deemed to have been made by the Company only.

 

(c) The Warrant Agent shall not have any duty or responsibility in the case of the receipt of any written demand from any holder of Warrants with respect to any action or default by the Company, including, without limiting the generality of the foregoing, any duty or responsibility to initiate or attempt to initiate any proceedings at law or otherwise or to make any demand upon the Company.

 

(d) The Warrant Agent and any stockholder, director, officer or employee of the Warrant Agent may buy, sell or deal in any of the Warrants or other securities of the Company or become pecuniarily interested in any transaction in which the Company may be interested, or contract with or lend money to the Company or otherwise act as fully and freely as though it were not the Warrant Agent under this Agreement.  Nothing herein shall preclude the Warrant Agent from acting in any other capacity for the Company or for any other legal entity.

 

(e) The Warrant Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder either itself or by or through its attorney or agents, and the Warrant Agent shall not be answerable or accountable for any act, default, neglect or misconduct of any such attorney or agents or for any loss to the Company resulting from any such act, default, neglect or misconduct, absent gross negligence, bad faith or willful misconduct (each as determined by a final judgment of a court of competent jurisdiction) in the selection and continued employment thereof.

 

(f) The Warrant Agent may rely on and shall be held harmless and protected and shall incur no liability for or in respect of any action taken, suffered or omitted to be taken by it in reliance upon any certificate, statement, instrument, opinion, notice, letter, facsimile transmission, telegram or other document, or any security delivered to it, and believed by it to be genuine and to have been made or signed by the proper party or parties, or upon any written or oral instructions or statements from the Company with respect to any matter relating to its acting as Warrant Agent hereunder.

 

(g) The Warrant Agent shall not be obligated to expend or risk its own funds or to take any action that it believes would expose or subject it to expense or liability or to a risk of incurring expense or liability, unless it has been furnished with assurances of repayment or indemnity satisfactory to it.

 

(h) The Warrant Agent shall not be liable or responsible for any failure of the Company to comply with any of its obligations relating to any registration statement filed with the Commission or this Agreement, including without limitation obligations under applicable regulation or law.

 

  

5

  

(i) The Warrant Agent shall not be accountable or under any duty or responsibility for the use by the Company of any Warrants authenticated by the Warrant Agent and delivered by it to the Company pursuant to this Agreement or for the application by the Company of the proceeds of the issue and sale, or exercise, of the Warrants.

 

(j) The Warrant Agent shall act hereunder solely as agent for the Company, and its duties shall be determined solely by the express provisions hereof (and no duties or obligations shall be inferred or implied).  The Warrant Agent shall not assume any obligations or relationship of agency or trust with any of the owners or holders of the Warrants.

 

(k) The Warrant Agent may rely on and be fully authorized and protected in acting or failing to act upon (a) any guaranty of signature by an “eligible guarantor institution” that is a member or participant in the Securities Transfer Agents Medallion Program or other comparable “signature guarantee program” or insurance program in addition to, or in substitution for, the foregoing; or (b) any law, act, regulation or any interpretation of the same even though such law, act, or regulation may thereafter have been altered, changed, amended or repealed.

 

(l) In the event the Warrant Agent believes any ambiguity or uncertainty exists hereunder or in any notice, instruction, direction, request or other communication, paper or document received by the Warrant Agent hereunder, the Warrant Agent, may, in its sole discretion, refrain from taking any action, and shall be fully protected and shall not be liable in any way to the Company, the holder of any Warrant or any other person or entity for refraining from taking such action, unless the Warrant Agent receives written instructions signed by the Company which eliminates such ambiguity or uncertainty to the satisfaction of the Warrant Agent.

 

7.8. Delivery of Exercise Price.  The Warrant Agent shall forward funds received for warrant exercises under this Agreement in a given month by the 5th Business Day of the following month by wire transfer to an account designated by the Company.

 

7.9. Acceptance of Agency.  The Warrant Agent hereby accepts the agency established by this Agreement and agrees to perform the same upon the express terms and conditions herein set forth and among other things, shall account to the Company with respect to Warrants exercised and account for, and pay to the Company, all monies received by the Warrant Agent for the purchase of Warrant Shares as provided in Section 7.8.

 

7.10. Opinion of Counsel.  The Company shall provide an opinion of counsel prior to the effective date of this Agreement to set up a reserve of warrants and related Common Stock.  The opinion shall state that all warrants or Common Stock, as applicable, are: (1) registered under the Securities Act or are exempt from such registration, and all appropriate state securities law filings have been made with respect to the warrants or shares; and (2) validly issued, fully paid and non-assessable.

 

7.11. Confidentiality.  The Warrant Agent and the Company agree that all books, records, information and data pertaining to the business of the other party, including inter alia, personal, non-public Warrant holder information, which are exchanged or received pursuant to the negotiation or the carrying out of this Agreement including the compensation for services performed hereunder shall remain confidential, and shall not be voluntarily disclosed to any other person, except as may be required by law, including, without limitation, pursuant to subpoenas from state or federal government authorities (e.g., in divorce and criminal actions).

 

7.12. Consequential Damages.  Neither party to this Agreement shall be liable to the other party for any consequential, indirect, punitive, special or incidental damages under any provisions of this Agreement or for any consequential, indirect, punitive, special or incidental damages arising out of any act or failure to act hereunder even if that party has been advised of or has foreseen the possibility of such damages.

 

8. Miscellaneous Provisions.

 

8.1. Successors.  All the covenants and provisions of this Agreement by or for the benefit of the Company or the Warrant Agent shall bind and inure to the benefit of their respective successors and assigns.

 

8.2. Notices.  All notices, requests, demands and other communications from the Company to the Warrant Agent or vice-versa, or the holders of warrants to the Warrant Agent or the Company made under or by reason of the provisions of this Agreement shall be in writing and shall be given by hand delivery, certified or registered mail, return receipt requested, or nationally recognized overnight courier, addressed as follows:

 

If to the Company:

 

Perseon Corporation.

Attn.: Secretary

2188 West 2200 South

Salt Lake City, UT 84120

 

If to the Warrant Agent:

 

OTC Stock Transfer, Inc.

Attn.: Stephanie Campbell

6364 Highland Dr.

Murray, UT 84121

All notices, requests, demands and other communications made under or by reason of the provisions of this Agreement shall be effective when actually received.

 

8.3. Applicable Law, Submission to Jurisdiction, Trial by Jury.  The validity, interpretation, and performance of this Agreement and of the Warrants shall be governed in all respects by the laws of the State of Delaware, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction.  Each of the Company and the holders hereby agrees that any action, proceeding or claim against it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of Delaware or the United States District Court for the District of Delaware, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive.  The Warrant Agent hereby agrees that any action, proceeding or claim against it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of Delaware or the United States District Court for the District of Delaware, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive.  Each of the Company and the Warrant Agent hereby waives any objection to such exclusive jurisdiction, as applicable, and that such courts represent an inconvenient forum.  The Company (on its behalf and, to the extent permitted by applicable law, on behalf of its stockholders and affiliates), the Warrant Agent and the Holders hereby irrevocably waive, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby.

 

8.4. Persons Having Rights under this Agreement.  Nothing in this Agreement shall be construed to confer upon, or give to, any person or entity other than the parties hereto and the Registered Holders of the Warrants any right, remedy, or claim under or by reason of this Agreement or of any covenant, condition, stipulation, promise, or agreement hereof.  All covenants, conditions, stipulations, promises, and agreements contained in this Agreement shall be for the sole and exclusive benefit of the parties hereto and their successors and assigns and of the Registered Holders of the Warrants.

 

8.5. Examination of the Warrant Agreement.  A copy of this Agreement shall be available at all reasonable times at the office of the Warrant Agent at the office of the Warrant Agent designated for such purpose, for inspection by the Registered Holder of any Warrant.  The Warrant Agent may require any such holder to submit his Warrant for inspection by it.

 

  

6

  

8.6. Counterparts.  This Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.  A signature to this Agreement transmitted electronically shall have the same authority, effect, and enforceability as an original signature.

 

8.7. Effect of Headings.  The section headings herein are for convenience only and are not part of this Agreement and shall not affect the interpretation thereof.

 

8.8. Amendments.  This Agreement may be amended by the parties hereto without the consent of any Registered Holder for the purpose of curing any ambiguity, or curing, correcting or supplementing any defective provision contained herein or adding or changing any other provisions with respect to matters or questions arising under this Agreement as the parties may deem necessary or desirable and that the parties deem shall not adversely affect the interest of the Registered Holders.  All other modifications or amendments, including any amendment to increase the Warrant Price or shorten the Exercise Period, shall require the vote or written consent of the Registered Holders of at least 65% of the then outstanding Warrants.  Notwithstanding the foregoing, the Company may lower the Warrant Price or extend the duration of the Exercise Period pursuant to Sections 3.1 and 3.2, respectively, without the consent of the Registered Holders.  No consideration shall be offered by the Company to any Registered Holder in connection with a modification, amendment or waiver of this Agreement or any Warrant without also offering the same consideration to all Registered Holders.  As a condition precedent to the Warrant Agent’s execution of any amendment, the Company shall deliver to the Warrant Agent a certificate from a duly authorized officer of the Company that states that the proposed amendment is in compliance with the terms of this Section 8.8.

 

8.9. Severability.  This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Agreement or of any other term or provision hereof.  Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

8.10. Survival.  The provisions of Section 7 shall survive any termination of this Agreement and the resignation, removal or replacement of the Warrant Agent.

 

8.11. Force Majeure.  Notwithstanding anything to the contrary contained herein, the Warrant Agent will not be liable for any delays or failures in performance resulting from acts beyond its reasonable control including, without limitation, acts of God, terrorist acts, shortage of supply, breakdowns or malfunctions, interruptions or malfunction of computer facilities, or loss of data due to power failures or mechanical difficulties with information storage or retrieval systems, labor difficulties, war, or civil unrest.

 

8.12. USA PATRIOT Act Notice.  The Warrant Agent hereby notifies the Company that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it must obtain, verify and record certain information that identifies the Company, which information includes the name and address of the Company and other information that will allow the Warrant Agent to identify the Company in accordance with the Patriot Act.

 

 

  

7

  

 

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

 

	  	
PERSEON CORPORATION

	  	  
	  	  
	  	
By: ___________________________________________                                                                   

	  	
Name:

	  	
Title:

	  	  
	  	  
	  	
OTC Stock Transfer, Inc.

	  	
as Warrant Agent

	  	  
	  	
By: ___________________________________________                                                                   

	  	
Name:

	  	
Title:

 

 

 

 

[Signature Page to Warrant Agreement]

 

  

8

  

EXHIBIT A

 

[Form of Warrant Certificate]

 

[FACE]

 

Number

 

Warrants

 

THIS WARRANT SHALL BE VOID IF NOT EXERCISED PRIOR TO

 

THE EXPIRATION OF THE EXERCISE PERIOD PROVIDED FOR

 

IN THE WARRANT AGREEMENT DESCRIBED BELOW

 

PERSEON CORPORATION

Incorporated Under the Laws of the State of Delaware

 

CUSIP 715270 112

 

Warrant Certificate

 

This Warrant Certificate certifies that ___________, or registered assigns, is the registered holder of warrant(s) (the “Warrants” and each, a “Warrant”) to purchase shares of Common Stock, $0.001 par value per share (“Common Stock”), of Perseon Corporation, a Delaware corporation (the “Company”).  Each Warrant entitles the holder, upon exercise during the period set forth in the Warrant Agreement referred to below, to receive from the Company that number of fully paid and nonassessable shares of Common Stock as set forth below, at the exercise price (the “Exercise Price”) as determined pursuant to the Warrant Agreement, payable in lawful money (or through “cashless exercise” as provided for in the Warrant Agreement) of the United States of America upon surrender of this Warrant Certificate and payment of the Exercise Price at the office or agency of the Warrant Agent referred to below, subject to the conditions set forth herein and in the Warrant Agreement.  Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement (as defined on the reverse hereof).

 

Each Warrant is initially exercisable for one fully paid and nonassessable share of Common Stock.  The number of the shares of Common Stock issuable upon exercise of the Warrants is subject to adjustment upon the occurrence of certain events set forth in the Warrant Agreement.

 

The initial Exercise Price per share of Common Stock for any Warrant is equal to $_______ per share.  The Exercise Price is subject to adjustment upon the occurrence of certain events set forth in the Warrant Agreement and may be lowered by the Company upon twenty (20) days’ prior written notice.

 

Subject to the conditions set forth in the Warrant Agreement, the Warrants may be exercised only during the Exercise Period and to the extent not exercised by the end of such Exercise Period, such Warrants shall become void. The Company may extend the Exercise Period upon twenty (20) days’ prior written notice.

 

Reference is hereby made to the further provisions of this Warrant Certificate set forth on the reverse hereof and such further provisions shall for all purposes have the same effect as though fully set forth at this place.

 

This Warrant Certificate shall not be valid unless countersigned by the Warrant Agent, as such term is used in the Warrant Agreement.

 

This Warrant Certificate shall be governed by and construed in accordance with the internal laws of the State of Delaware, without regard to conflicts of laws principles thereof.

 

	  	
PERSEON CORPORATION

	  	  
	  	  
	  	
By:   __________________________________________                                                                 

	  	
Name:

	  	
Title:

	  	  
	  	  
	  	
OTC STOCK TRANSFER, INC.

	  	
as Warrant Agent

	  	  
	  	
By: ___________________________________________                                                                   

	  	
Name:

	  	
Title:

 

 

[Signature Page to Warrant Certificate]

 

  

9

  

[Form of Warrant Certificate]

 

[Reverse]

 

The Warrants evidenced by this Warrant Certificate are part of a duly authorized issue of Warrants entitling the holder on exercise to receive shares of Common Stock and are issued or to be issued pursuant to a Warrant Agreement dated as of [_________], 2015 (the “Warrant Agreement”), duly executed and delivered by the Company to OTC Stock Transfer, Inc., as warrant agent (the “Warrant Agent”), which Warrant Agreement is hereby incorporated by reference in and made a part of this instrument and is hereby referred to for a description of the rights, limitation of rights, obligations, duties and immunities thereunder of the Warrant Agent, the Company and the holders (the words “holders” or “holder” meaning the Registered Holders or Registered Holder) of the Warrants.  A copy of the Warrant Agreement may be obtained by the holder hereof upon written request to the Company.  Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement.

 

The Warrants may be exercised at any time during the Exercise Period set forth in the Warrant Agreement.  The holder of Warrants evidenced by this Warrant Certificate may exercise them by surrendering this Warrant Certificate, with either the form of Election to Purchase or Notice of Exercise set forth hereon properly completed and executed, together with payment of the Exercise Price as specified in the Warrant Agreement (or through “cashless exercise” as provided for in the Warrant Agreement) at the office of the Warrant Agent designated for such purpose.  In the event that upon any exercise of Warrants evidenced hereby the number of Warrants exercised shall be less than the total number of Warrants evidenced hereby, there shall be issued to the holder hereof or his, her or its assignee, a new Warrant Certificate evidencing the number of Warrants not exercised.

 

Notwithstanding anything else in this Warrant Certificate or the Warrant Agreement, no Warrant may be exercised unless at the time of exercise (i) a registration statement covering the shares of Common Stock to be issued upon exercise is effective under the Securities Act and (ii) a prospectus thereunder relating to such shares of Common Stock is current, except through “cashless exercise” as provided for in the Warrant Agreement.

 

The Warrant Agreement provides that upon the occurrence of certain events the number of shares of Common Stock issuable upon exercise of the Warrants set forth on the face hereof may, subject to certain conditions, be adjusted.  If, upon exercise of a Warrant, the holder thereof would be entitled to receive a fractional interest in a share of Common Stock, the Company may, upon exercise, either (i) round up to the nearest whole number, the number of shares to be issued to such holder or (ii) by written notice given to the Transfer Agent within one Business Day of the exercise of the Warrant by the Holder, pay such Registered Holder cash for such fractional share in the Company’s sole discretion.

 

Warrant Certificates, when surrendered at the office of the Warrant Agent designated for such purposes by the Registered Holder thereof in person or by legal representative or attorney duly authorized in writing, may be exchanged, in the manner and subject to the limitations provided in the Warrant Agreement, but without payment of any service charge, for another Warrant Certificate or Warrant Certificates of like tenor evidencing in the aggregate a like number of Warrants.

 

Upon due presentation for registration of transfer of this Warrant Certificate at the office of the Warrant Agent, a new Warrant Certificate or Warrant Certificates of like tenor and evidencing in the aggregate a like number of Warrants shall be issued to the transferee(s) in exchange for this Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without charge except for any tax or other governmental charge imposed in connection therewith.

 

The Company and the Warrant Agent may deem and treat the Registered Holder(s) hereof as the absolute owner(s) of this Warrant Certificate (notwithstanding any notation of ownership or other writing hereon made by anyone), for the purpose of any exercise hereof, of any distribution to the holder(s) hereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary.  Neither the Warrants nor this Warrant Certificate entitles any holder hereof to any rights of a stockholder of the Company.

 

 

  

10

  

Election to Purchase

 

(To Be Executed Upon Exercise of Warrant)

 

The undersigned hereby irrevocably elects to exercise the rights represented by this Warrant Certificate with respect to ____________ shares of Common Stock, to receive shares of Common Stock and herewith tenders payment for such shares to the order of Perseon Corporation (the “Company”) in the amount of $________ in accordance with the terms hereof.  The undersigned requests that a certificate for such shares be registered in the name of ___________, whose address is and that such shares be delivered to whose address is ________________.  If said number of shares is less than all of the shares of Common Stock purchasable hereunder, the undersigned requests that a new Warrant Certificate representing the remaining balance of such shares be registered in the name of _______________, whose address is __________________, and that such Warrant Certificate be delivered to _____________, whose address is ________________________.

 

In the event that the Warrant may be exercised, to the extent allowed by the Warrant Agreement, through cashless exercise, (i) the number of shares that this Warrant is exercisable for would be determined in accordance with Section 3.3.2 of the Warrant Agreement which allows for such cashless exercise and (ii) the holder hereof shall complete the following:

 

The undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, through the cashless exercise provisions of the Warrant Agreement, to receive shares of Common Stock and the undersigned represents and the warrants that the undersigned has delivered, together with this Election to Purchase, all items required by Section 3.3.2 of the Warrant Agreement.  If said number of shares is less than all of the shares of Common Stock purchasable hereunder (after giving effect to the cashless exercise), the undersigned requests that a new Warrant Certificate representing the remaining balance of such shares be registered in the name of ____________, whose address is ____________, and that such Warrant Certificate be delivered to ____________, whose address is ____________________________.

 

	  	  
	
Date: ____________, 20

	
(Signature)

	  	  
	  	  
	  	
(Address)

	  	  
	  	  
	  	
(Tax Identification Number)

	  	  
	  	  
	
Signature Guaranteed:

	  
	  	  
	  	  
	  	  

THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15).

 

 

  

11

  

NOTICE OF EXERCISE

 

TO:           PERSEON CORPORATION

 

(1) The undersigned hereby elects to purchase ________ Warrant Shares of the Company pursuant to the terms of the attached Warrant, dated _______, 2015, and tenders herewith payment of the exercise price in full, together with all applicable transfer taxes, if any.

 

(2) Payment shall take the form of (check applicable box):

 

	
  

	
 ̈

	
in lawful money of the United States by wire transfer or cashier’s check drawn on a United States bank; or

 

	
  

	
 ̈

	
if permitted by the terms of the Warrant (and the undersigned represents and the warrants that the undersigned has delivered, together with this Notice of Exercise, all items required by Section 3.3.2), the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in Section 3.3.2, to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise procedure set forth in Section 3.3.2.

 

(3) Please issue said Warrant Shares in the name of the undersigned or in such other name as is specified below:

 

______________________________

 

The Warrant Shares shall be delivered to the following DWAC Account Number:

 

______________________________

 

______________________________

 

______________________________

 

[SIGNATURE OF HOLDER]

 

 

	 Name of Investing Entity:	 
	 	 
	 Signature of Authorized Signatory of Investing Entity:	 
	 	 
	 Name of Authorized Signatory:	 
	 	 
	 Title of Authorized Signatory:	 
	 	 
	 Date:EX-4.2

 Exhibit 4.2 

GENESIS ENERGY, L.P. 
 GENESIS
ENERGY FINANCE CORPORATION 
 AND 

THE GUARANTORS NAMED ON THE SIGNATURE PAGES HEREOF 

6.75% SENIOR NOTES DUE 2022 

FOURTH SUPPLEMENTAL INDENTURE 

Dated as of July 23, 2015 

U.S. BANK NATIONAL ASSOCIATION, 

As Trustee 

 TABLE OF CONTENTS 
  

							
	 ARTICLE ONE ISSUE AND DESCRIPTION OF NOTES
	  	 	2	  
			
	 Section 1.01
	 	 Designation and Amount; Ranking Payments; Denomination
	  	 	2	  
	 Section 1.02
	 	 Form of Notes
	  	 	3	  
	 Section 1.03
	 	 Additional Notes
	  	 	3	  
	 Section 1.04
	 	 Execution and Authentication
	  	 	4	  
	 Section 1.05
	 	 Non-Business Day Payments
	  	 	4	  
		
	 ARTICLE TWO DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	5	  
			
	 Section 2.01
	 	 Definitions
	  	 	5	  
	 Section 2.02
	 	 Other Definitions
	  	 	37	  
	 Section 2.03
	 	 Incorporation by Reference of Trust Indenture Act
	  	 	37	  
	 Section 2.04
	 	 Rules of Construction
	  	 	37	  
		
	 ARTICLE THREE REDEMPTION AND PREPAYMENT
	  	 	38	  
			
	 Section 3.01
	 	 Notices to Trustee
	  	 	38	  
	 Section 3.02
	 	 Selection of Notes to Be Redeemed
	  	 	38	  
	 Section 3.03
	 	 Notice of Redemption
	  	 	39	  
	 Section 3.04
	 	 Effect of Notice of Redemption
	  	 	40	  
	 Section 3.05
	 	 Deposit of Redemption Price
	  	 	40	  
	 Section 3.06
	 	 Notes Redeemed in Part
	  	 	41	  
	 Section 3.07
	 	 Optional Redemption
	  	 	41	  
	 Section 3.08
	 	 Mandatory Redemption
	  	 	42	  
	 Section 3.09
	 	 Offer to Purchase by Application of Excess Proceeds
	  	 	42	  
	 Section 3.10
	 	 Special Mandatory Redemption
	  	 	44	  
	 Section 3.11
	 	 No Limit on Other Purchases
	  	 	45	  
		
	 ARTICLE FOUR COVENANTS
	  	 	45	  
			
	 Section 4.01
	 	 Payment of Notes
	  	 	45	  
	 Section 4.02
	 	 Maintenance of Office or Agency
	  	 	45	  
	 Section 4.03
	 	 Reports
	  	 	46	  
	 Section 4.04
	 	 Compliance Certificate
	  	 	47	  
	 Section 4.05
	 	 Taxes
	  	 	47	  
	 Section 4.06
	 	 Stay, Extension and Usury Laws
	  	 	47	  
	 Section 4.07
	 	 Limitation on Restricted Payments
	  	 	48	  
	 Section 4.08
	 	 Limitation on Dividend and Other Payment Restrictions Affecting Subsidiaries
	  	 	53	  
	 Section 4.09
	 	 Limitation on Incurrence of Indebtedness and Issuance of Preferred Stock
	  	 	55	  
	 Section 4.10
	 	 Limitation on Asset Sales
	  	 	59	  
	 Section 4.11
	 	 Limitation on Transactions with Affiliates
	  	 	61	  
	 Section 4.12
	 	 Limitation on Liens
	  	 	63	  

  
 i 

							
	 Section 4.13
	 	 Additional Subsidiary Guarantees
	  	 	64	  
	 Section 4.14
	 	 Existence
	  	 	64	  
	 Section 4.15
	 	 Offer to Repurchase Upon Change of Control
	  	 	64	  
	 Section 4.16
	 	 No Inducements
	  	 	67	  
	 Section 4.17
	 	 Permitted Business Activities
	  	 	67	  
	 Section 4.18
	 	 Sale and Leaseback Transactions
	  	 	67	  
	 Section 4.19
	 	 Covenant Termination
	  	 	68	  
	 Section 4.20
	 	 Designation of Restricted and Unrestricted Subsidiaries
	  	 	68	  
		
	 ARTICLE FIVE SUCCESSORS
	  	 	69	  
			
	 Section 5.01
	 	 Merger, Consolidation, or Sale of Assets
	  	 	69	  
	 Section 5.02
	 	 Successor Substituted
	  	 	71	  
		
	 ARTICLE SIX DEFAULTS AND REMEDIES
	  	 	71	  
			
	 Section 6.01
	 	 Events of Default
	  	 	71	  
	 Section 6.02
	 	 Acceleration
	  	 	74	  
	 Section 6.03
	 	 Other Remedies
	  	 	74	  
	 Section 6.04
	 	 Waiver of Past Defaults
	  	 	74	  
	 Section 6.05
	 	 Control by Majority
	  	 	75	  
	 Section 6.06
	 	 Limitation on Suits
	  	 	75	  
	 Section 6.07
	 	 Rights of Holders of Notes to Receive Payment
	  	 	75	  
	 Section 6.08
	 	 Collection Suit by Trustee
	  	 	76	  
	 Section 6.09
	 	 Trustee May File Proofs of Claim
	  	 	76	  
	 Section 6.10
	 	 Priorities
	  	 	76	  
	 Section 6.11
	 	 Undertaking for Costs
	  	 	77	  
		
	 ARTICLE SEVEN DEFEASANCE AND COVENANT DEFEASANCE
	  	 	77	  
			
	 Section 7.01
	 	 Option to Effect Legal Defeasance or Covenant Defeasance
	  	 	77	  
	 Section 7.02
	 	 Legal Defeasance and Discharge
	  	 	77	  
	 Section 7.03
	 	 Covenant Defeasance
	  	 	78	  
	 Section 7.04
	 	 Conditions to Legal Defeasance or Covenant Defeasance
	  	 	79	  
	 Section 7.05
	 	 Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions
	  	 	80	  
	 Section 7.06
	 	 Repayment to Issuers
	  	 	80	  
	 Section 7.07
	 	 Reinstatement
	  	 	81	  
		
	 ARTICLE EIGHT AMENDMENT, SUPPLEMENT AND WAIVER
	  	 	81	  
			
	 Section 8.01
	 	 Without Consent of Holders of Notes
	  	 	81	  
	 Section 8.02
	 	 With Consent of Holders of Notes
	  	 	82	  
	 Section 8.03
	 	 Compliance with Trust Indenture Act
	  	 	84	  
	 Section 8.04
	 	 Effect of Consents
	  	 	84	  
	 Section 8.05
	 	 Notation on or Exchange of Notes
	  	 	84	  
	 Section 8.06
	 	 Trustee to Sign Amendments, etc.
	  	 	84	  
	 Section 8.07
	 	 Effect of Supplemental Indentures
	  	 	85	  

  
 ii 

							
		
	 ARTICLE NINE GUARANTEES
	  	 	85	  
			
	 Section 9.01
	 	 Subsidiary Guarantees
	  	 	85	  
	 Section 9.02
	 	 Limitation on Guarantor Liability
	  	 	86	  
	 Section 9.03
	 	 Subsidiary Guarantee Evidenced by Indenture; No Notation of Subsidiary Guarantee
	  	 	86	  
	 Section 9.04
	 	 Guarantors May Consolidate, etc., on Certain Terms
	  	 	87	  
	 Section 9.05
	 	 Releases of Guarantors
	  	 	87	  
		
	 ARTICLE TEN SATISFACTION AND DISCHARGE
	  	 	88	  
			
	 Section 10.01
	 	 Satisfaction and Discharge
	  	 	88	  
		
	 ARTICLE ELEVEN MISCELLANEOUS
	  	 	89	  
			
	 Section 11.01
	 	 Communication by Holders of Notes with Other Holders of Notes
	  	 	89	  
	 Section 11.02
	 	 Certificate and Opinion as to Conditions Precedent
	  	 	90	  
	 Section 11.03
	 	 Statements Required in Certificate or Opinion
	  	 	90	  
	 Section 11.04
	 	 Governing Law
	  	 	91	  
	 Section 11.05
	 	 Trust Indenture Act Controls
	  	 	91	  
	 Section 11.06
	 	 Successors
	  	 	91	  
	 Section 11.07
	 	 Severability
	  	 	91	  
	 Section 11.08
	 	 Counterparts
	  	 	91	  
	 Section 11.09
	 	 No Personal Liability of Directors, Officers, Employees and Unitholders
	  	 	92	  
	 Section 11.10
	 	 Table of Contents, Headings, Etc.
	  	 	92	  
	 Section 11.11
	 	 No Adverse Interpretation of Other Agreements
	  	 	92	  
	 Section 11.12
	 	 Scope of this Supplemental Indenture
	  	 	92	  
	 Section 11.13
	 	 Ratification and Incorporation of Base Indenture
	  	 	92	  
	 Section 11.14
	 	 Covenants Not Applicable
	  	 	93	  
	 Section 11.15
	 	 Patriot Act
	  	 	93	  
	 Section 11.16
	 	 Benefits of Supplemental Indenture
	  	 	93	  

  
 iii 

 Exhibits: 
  

			
	Exhibit A	  	FORM OF NOTE
		
	Exhibit B	  	FORM OF SUPPLEMENTAL INDENTURE

  
 iv 

 THIS FOURTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
July 23, 2015, is among Genesis Energy, L.P., a Delaware limited partnership (referred to herein as the “Company”), Genesis Energy Finance Corporation, a Delaware corporation (referred to herein as “Finance
Corp.” and, together with the Company, the “Issuers”), the guarantors listed on the signature pages hereof (each, a “Guarantor” and, collectively, the “Guarantors”) and U.S. Bank National
Association, a national banking association, as trustee (the “Trustee”). Capitalized terms used herein and not otherwise defined have the meanings set forth in the Base Indenture (as defined below). 

RECITALS 
  

WHEREAS, the Issuers, the Initial Guarantors and the Trustee executed and delivered that certain indenture, dated as of May 21,
2015 (the “Base Indenture”), to provide for the issuance from time to time of the Issuers’ unsecured debentures, notes or other evidences of indebtedness (the “Securities”) to be issued in one or more series;

 WHEREAS, Section 901 of the Base Indenture provides that the Issuers and the Guarantors, when authorized by a resolution of
their respective Boards of Directors, and the Trustee may, without the consent of the Holders of the Securities, enter into a supplemental indenture to (i) in accordance with clause (7) thereof, establish the form or terms of Securities of
any series and any Guarantees as permitted by Section 201 and Section 301 of the Base Indenture or (ii) in accordance with clause (5) thereof, add to, change or eliminate any of the provisions of the Base Indenture in respect of
all or any Securities of any series or any Guarantees thereof; provided that any such addition, change or elimination (A) shall neither (i) apply to any Security of any series or Guarantee thereof created prior to the execution of
such supplemental indenture and entitled to the benefit of such provision nor (ii) modify the rights of the Holder of any such Security with respect to such provision or (B) shall become effective only when there is no such Security
Outstanding; 
 WHEREAS, the Issuers have duly authorized the issue of 6.75% Senior Notes due 2022 (as they may be issued from time
to time under this Supplemental Indenture, including any Additional Notes issued pursuant to Section 301 of the Base Indenture and Section 1.03 of this Supplemental Indenture, the “Notes”), initially in an aggregate
principal amount not to exceed $750,000,000, and in connection therewith, there being no Notes Outstanding at the time of execution and delivery of this Supplemental Indenture, the Issuers and the Initial Guarantors have duly determined to make,
execute and deliver this Supplemental Indenture to set forth the terms and provisions of the Notes as required by the Base Indenture and to add to, change and eliminate certain provisions of the Base Indenture in respect of the Notes; 

WHEREAS, the Issuers and the Initial Guarantors have determined that this Supplemental Indenture is authorized or permitted by
Section 901 of the Base Indenture and the Issuers have delivered to the Trustee an Opinion of Counsel and an Officers’ Certificate, and each of the Initial Guarantors has delivered a Guarantor’s Officers’ Certificate, to the
effect that all conditions precedent provided for in the Base Indenture to the execution and delivery of this Supplemental Indenture have been complied with; 

 WHEREAS, the form of Notes, the Trustee’s “Certificate of Authentication”
to be borne by each Note, the form of “Option of Holder to Elect Purchase” and the “Assignment Form” to be borne by the Notes are to be substantially in the forms hereinafter provided for; 

WHEREAS, all things necessary to make the Notes, when executed by the Issuers and authenticated and delivered by the Trustee or a duly
authorized authenticating agent, as in the Base Indenture provided, and to make the Subsidiary Guarantees of each of the Guarantors as set forth herein, when the Notes have been so executed, authenticated and delivered, the valid and legally binding
obligations of the Issuers and the Guarantors, respectively, have been done; and 
 WHEREAS, all things necessary to make this
Supplemental Indenture a valid and legally binding agreement according to its terms, and a valid and legally binding amendment of, and supplement to, the Base Indenture, have been done. 

NOW, THEREFORE, the Issuers, the Guarantors and the Trustee agree as follows for the benefit of each other and for the equal and
ratable benefit of the Holders of the Notes: 
 Article One 

Issue and Description of Notes 

Section 1.01 Designation and Amount; Ranking Payments; Denomination. The Notes shall be designated as the “6.75% Senior Notes
due 2022.” The Notes are hereby established as a series of Securities under the Base Indenture. The aggregate principal amount of Notes that may be authenticated and delivered under this Supplemental Indenture is not limited. The aggregate
principal amount of Notes initially authorized for authentication and delivery pursuant to this Supplemental Indenture is limited to $750,000,000 (except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or
in lieu of other Notes pursuant to Section 3.06, Section 3.09(i), Section 4.15(a)(viii) and Section 8.05 hereof and Section 304, Section 305 and Section 306 of the Base Indenture). The
Issuers may, and shall be entitled to, from time to time, without notice to or the consent of the Holders of the Notes, in accordance with Section 1.03 below increase the principal amount of Notes and issue such increased principal
amount (or any portion thereof) of Notes as “Additional Notes” under this Supplemental Indenture. 
 Payments of the
principal of and interest on the Notes shall be made in U.S. Dollars, and the Notes shall be denominated in Dollars and in amounts of at least $2,000 and integral multiples of $1,000 thereafter. The Place of Payment where the principal of and any
other payments due on the Notes are payable shall initially be at the office or agency of the Company maintained for that purpose in New York, New York in accordance with Section 4.02 of this Supplemental Indenture. 

Initially, U.S. Bank National Association will act as Paying Agent and Registrar. The Issuers may appoint and change any Paying Agent or
Registrar or co-registrar without notice. The Company or any of its domestically organized wholly owned Restricted Subsidiaries may act as Paying Agent or Registrar or co-registrar. 

  
 - 2 - 

 The Notes will be payable as to principal, premium, if any, and interest at the office or agency
of the Issuers maintained for such purpose within the City and State of New York, or, at the option of the Issuers, payment of interest may be made by check mailed to the Holders at their addresses set forth in the register of Holders, and provided
that payment by wire transfer of immediately available funds will be required with respect to any amounts due on all Global Notes and all other Notes the Holders of which shall have provided wire transfer instructions to the Issuers or the Paying
Agent. Notwithstanding the foregoing, payment may be made pursuant to the Applicable Procedures of the Depository in the case of Global Notes. 

The Notes shall be guaranteed by each of the Initial Guarantors and, in accordance with Section 4.13, any additional Subsidiary
Guarantors in accordance with Section 4.13 and Article Nine of this Supplemental Indenture. 
 No Subsidiary Guarantee,
nor any notation thereof, shall be, or shall be required to be, endorsed on, or attached to, or otherwise physically made part of any Note. 

Section 1.02 Form of Notes. The Notes shall be substantially in the form set forth in Exhibit A hereto, which is
incorporated in and made a part of this Supplemental Indenture. 
 Any of the Notes may have such letters, numbers or other marks of
identification and such notations, legends or endorsements as the officers executing the same may approve (execution thereof to be conclusive evidence of such approval) and as are not inconsistent with the provisions of this Supplemental Indenture
or the Base Indenture or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any securities exchange or automated quotation system on which the Notes may be listed or
designated for issuance, or to conform to usage or to indicate any special limitations or restrictions to which any particular Notes are subject. 

The terms and provisions contained in the form of Note attached as Exhibit A hereto shall constitute, and are hereby expressly
made, a part of this Supplemental Indenture and, to the extent applicable, the Company and the Trustee, by their execution and delivery of this Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. 

Section 1.03 Additional Notes. 

The Issuers shall be entitled, subject to their compliance with Section 4.09, to issue Additional Notes under this Indenture
which shall have identical terms as the Initial Notes issued on the Issue Date, other than with respect to the date of issuance, issue price and the date from which interest begins to accrue. The Initial Notes issued on the Issue Date and any
Additional Notes shall be treated as a single class for all purposes under this Indenture, including waivers, consents, directions, declarations, amendments, redemptions and offers to purchase; and none of the Holders of any Initial Notes or any
Additional Notes shall have the right to vote or consent as a separate class on any matter to which such Holders are entitled to vote or consent. 

With respect to any Additional Notes, the Issuers shall set forth in an Officers’ Certificate, which shall be delivered to the Trustee,
the following information: 
 (1) the aggregate principal amount of such Additional Notes to be authenticated and delivered
pursuant to this Indenture; 

  
 - 3 - 

 (2) the issue price, the issue date and the CUSIP number and any corresponding ISIN of such
Additional Notes; and 
 (3) if applicable, that such Additional Notes shall be issuable in whole or in part in the form of one or more
Global Notes and, in such case, the respective depositaries for such Global Notes, the form of any legend or legends which shall be borne by such Global Notes in addition to or in lieu of those set forth in Exhibit A hereto and any
circumstances in addition to or in lieu of those set forth in Exhibit A in which any such Global Notes may be exchanged in whole or in part for Additional Notes registered, or any transfer of such Global Note in whole or in part may be
registered, in the name or names of Persons other than the depositary for such Global Note or a nominee thereof. 
 Section 1.04
Execution and Authentication. 
 (a) The Initial Notes may forthwith be executed by the Issuers and delivered to the Trustee for
authentication and delivery by the Trustee for original issue in accordance with the provisions of Section 303 of the Base Indenture. 

(b) At any time and from time to time after the issuance of the Initial Notes, the Trustee shall authenticate and deliver any Additional Notes
for original issue in accordance with the provisions of Section 303 of the Base Indenture in an aggregate principal amount determined at the time of issuance and specified in an Issuer Order. Such Issuer Order shall specify the principal amount
of the Additional Notes to be authenticated and the date on which the original issue of such Additional Notes is to be authenticated. 

Section 1.05 Non-Business Day Payments. If any Interest Payment Date, the Stated Maturity, any Redemption Date, any Settlement
Date or any Change of Control Payment Date falls on a day that is not a Business Day, then the required payment or delivery will be made on the next succeeding Business Day with the same force and effect as if made on the date that the payment or
delivery was due, and no additional interest will accrue on that required payment or delivery for the period from and after the Interest Payment Date, Stated Maturity, Redemption Date, Settlement Date or Change of Control Payment Date, as the case
may be, to that next succeeding Business Day. 

  
 - 4 - 

 Article Two 

Definitions and Incorporation by Reference 

All capitalized terms contained in this Supplemental Indenture shall, except as specifically provided for herein and except as the context
may otherwise require, have the meanings given to such terms in the Base Indenture. Unless the context otherwise requires, all references in this Supplemental Indenture to Articles, Sections or Exhibits refer to Articles or Sections of, or Exhibits
to, this Supplemental Indenture. In the event of any inconsistency between the Base Indenture and this Supplemental Indenture, this Supplemental Indenture shall govern. The rules of interpretation set forth in the Base Indenture shall be applied
hereto as if set forth in full herein. Unless the context otherwise requires, the following terms shall have the following meanings: 

Section 2.01 Definitions. 

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

(1) Indebtedness or Disqualified Stock of any other Person existing at the time such other Person was merged with or into or
became a Restricted Subsidiary of such specified Person, whether or not such Indebtedness or Disqualified Stock is incurred or issued in connection with, or in contemplation of, such other Person merging with or into, or becoming a Restricted
Subsidiary of, such specified Person, but excluding Indebtedness or Disqualified Stock which is extinguished, retired, cancelled or repaid in connection with such 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 but excluding
Indebtedness which is extinguished, retired, cancelled or repaid in connection with such asset being acquired by such specified Person. 

“Additional Notes” means, subject to the Company’s compliance with Section 4.09, 6.75% Senior Notes due
2022 issued from time to time after the Issue Date under the terms of the Base Indenture (as it relates to the Notes) and this Supplemental Indenture (other than pursuant to Section 304, 305 or 306 of the Base Indenture or
Section 3.06, 3.09, 4.15 or 9.05 of the Supplemental Indenture. 
 “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, means 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; provided,
however, that beneficial ownership of 10% or more of the Voting Stock of a Person will be deemed to be control by the other Person; and further, that any third Person which also beneficially owns 10% or more of the Voting Stock of a specified
Person shall not be deemed to be an Affiliate of either the specified Person or the other Person merely because of such common ownership in such specified Person. For purposes of this definition, the terms “controlling,” “controlled
by” and “under common control with” have correlative meanings. 
 “Agent” means any Registrar or Paying
Agent. 
 “Applicable Law,” except as the context may otherwise require, means all applicable laws, rules, regulations,
ordinances, judgments, decrees, injunctions, writs and orders of any court or governmental or congressional agency or authority and rules, regulations, orders, licenses and permits of any United States federal, state, municipal, regional, or other
governmental body, instrumentality, agency or authority. 

  
 - 5 - 

 “Asset Sale” means: 

(1) the sale, lease, conveyance or other disposition of any properties or assets (including by way of a merger or consolidation
or by way of a Sale and Leaseback Transaction); and 
 (2) the issuance of Equity Interests in any of the Company’s
Restricted Subsidiaries or the sale of Equity Interests in any of its Restricted Subsidiaries; provided, however, that in the case of clause (1) or (2), the disposition of all or substantially all of the properties or assets of
the Company and its Restricted Subsidiaries taken as a whole will not constitute an “Asset Sale” but will be governed by the provisions of Section 4.15 and/or Section 5.01 and not by the provisions of
Section 4.10. 
 Notwithstanding the preceding, the following items will not be deemed to be Asset Sales: 

(1) any single transaction or series of related transactions that involves properties or assets having a fair market value of
less than $25.0 million; 
 (2) a transfer of properties or assets between or among any of the Company and its Restricted
Subsidiaries; 
 (3) an issuance or sale of Equity Interests by a Restricted Subsidiary to the Company or to another
Restricted Subsidiary; 
 (4) the sale, lease or other disposition of equipment, inventory, accounts receivable or other
properties or assets in the ordinary course of business; 
 (5) the sale or other disposition of cash or Cash Equivalents,
Hedging Contracts or other financial instruments in the ordinary course of business; 
 (6) a Restricted Payment that is
permitted by Section 4.07 or a Permitted Investment (including unwinding any Hedging Contracts); 
 (7) the
creation or perfection of a Lien that is not prohibited by Section 4.12; 
 (8) dispositions in connection with
Permitted Liens; 
 (9) surrender or waiver of contract rights or the settlement, release or surrender of contract, tort or
other claims of any kind; 
 (10) the grant in the ordinary course of business of any non-exclusive license of patents,
trademarks, registrations therefor and other similar intellectual property; 
 (11) an Asset Swap; and 

(12) an Equipment Lease Transaction. 

  
 - 6 - 

 “Asset Swap” means any substantially contemporaneous (and in any event
occurring within 180 days of each other) purchase and sale or exchange of any assets or properties used or useful in a Permitted Business between the Company or any of its Restricted Subsidiaries and another Person; provided that any Net
Proceeds received must be applied in accordance with Section 4.10 as if the Asset Swap were an Asset Sale. 

“Attributable Debt” in respect of a Sale and Leaseback Transaction means, at the time of determination, the present value of
the obligation of the lessee for net rental payments during the remaining term of the lease included in such Sale and Leaseback Transaction, including any period for which such lease has been extended or may, at the option of the lessor, be
extended. Such present value shall be calculated using a discount rate equal to the rate of interest implicit in such transaction, determined in accordance with GAAP. As used in the preceding sentence, the “net rental payments” under any
lease for any such period shall mean the sum of rental and other payments required to be paid with respect to such period by the lessee thereunder, excluding any amounts required to be paid by such lessee on account of maintenance and repairs,
insurance, taxes, assessments, water rates or similar charges. In the case of any lease that is terminable by the lessee upon payment of penalty, such net rental payment shall also include the amount of such penalty, but no rent shall be considered
as required to be paid under such lease subsequent to the first date upon which it may be so terminated. 
 “Available
Cash” has the meaning assigned to such term in the Partnership Agreement, as in effect on the Issue Date. 
 “Bankruptcy
Law” means Title 11, United States Code, as may be amended from time to time, or any similar 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, except that in
calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Exchange Act), such “person” will be deemed to have beneficial ownership of all securities that such
“person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only upon the occurrence of a subsequent condition. The terms “Beneficially
Owns,” “Beneficially Owned” and “Beneficial Ownership” have correlative meanings. 

“Board of Directors” means: 

(1) with respect to Finance Corp., its board of directors; 

(2) with respect to the Company, the Board of Directors of the General Partner (or any other Person serving a similar function
for the Company) or any authorized committee thereof; and 
 (3) 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. 

  
 - 7 - 

 “Business Day” means each day that is not a Saturday, Sunday or other day on
which banking institutions in Houston, Texas or in New York, New York or another place of payment are authorized or required by law to close. 

“Capital Lease Obligation” means, at the time any determination is to be made, the amount of the liability in respect of a
capital lease that would at that time be required to be capitalized on a balance sheet in accordance with GAAP (other than any obligation that is required to be classified and accounted for as an operating lease for financial reporting purposes in
accordance with GAAP as in effect on the Issue Date), and the amount of Indebtedness represented by such obligation shall be the capitalized amount of such obligation determined in accordance with GAAP; and the stated maturity thereof shall be the
date of the last payment of rent or any other amount due under such lease prior to the first date upon which such lease may be terminated by the lessee without payment of a penalty. For purposes of Section 4.12, a Capital Lease
Obligation will be deemed to be secured by a Lien on the property being leased. 
 “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 interests (whether general or limited) or membership interests; and 
 (4) any other interest or participation
that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person. 

“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 of the United States government (provided that the full faith and credit of the United States is pledged in support of those securities) having maturities of not more than one year from the date of acquisition; 

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

  
 - 8 - 

 (4) certificates of deposit, demand deposits and eurodollar time deposits with
maturities of one year or less from the date of acquisition, bankers’ acceptances with maturities not exceeding one year and overnight bank deposits, in each case, with any lender party to the Credit Agreement or with any domestic commercial
bank or any United States branch of a foreign bank having capital and surplus in excess of $500.0 million and a Thomson Bank Watch Rating of “B” or better; 

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

(6) commercial paper having one of the two highest ratings obtainable from Moody’s or S&P and in each case maturing
within one year after the date of acquisition; 
 (7) money market funds at least 95% of the assets of which constitute Cash
Equivalents of the kinds described in clauses (1) through (6) of this definition; and 
 (8) marketable short-term
money market and similar securities having a rating of at least P-2 or A-2 from either Moody’s or S&P, respectively, and in each case maturing within 24 months after the date of creation thereof. 

“Change of Control” means the occurrence of any of the following: 

(1) the direct or indirect 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 properties or assets (including Capital Stock of the Restricted Subsidiaries) of the Company and its Restricted Subsidiaries taken as a whole, to any
“person” (as that term is used in Section 13(d)(3) of the Exchange Act); 
 (2) the adoption of a plan
relating to the liquidation or dissolution of the Company or removal of the General Partner by the limited partners of the Company; 

(3) the consummation of any transaction (including any merger or consolidation) the result of which is that any
“person” (as that term is used in Section 13(d)(3) of the Exchange Act) 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,
units or the like; provided, however, that a Change of Control shall not have occurred as a result of the Beneficial Ownership of more than 50% of the Voting Stock of the Company by the Qualified Owners, so long as at least 20% of the
common units of the Company remain registered and listed for trading on a national securities exchange or quoted on an established automated over-the-counter trading market in the United States; 

(4) the Company consolidates or merges with or into another Person or any Person consolidates or merges with or into the
Company, in either case under this clause (4), in one transaction or a series of related transactions in which immediately after the consummation thereof Persons Beneficially Owning, directly or indirectly, Voting Stock representing in the aggregate
a majority of the total voting power of the Voting Stock of 

  
 - 9 - 

 
the Company immediately prior to such consummation do not Beneficially Own, directly or indirectly, Voting Stock representing a majority of the total voting power of the Voting Stock of the
Company or the surviving or transferee Person; or 
 (5) the first day on which a majority of the members of the Board of
Directors of the Company are not Continuing Directors. 
 Notwithstanding the preceding, a conversion of the Company or any of its
Restricted Subsidiaries from a limited liability company, corporation, limited partnership or other form of entity to a limited liability company, corporation, limited partnership or other form of entity or an exchange of all of the outstanding
Equity Interests in one form of entity for Equity Interests in another form of entity shall not constitute a Change of Control, so long as following such conversion or exchange the “persons” (as that term is used in Section 13(d)(3)
of the Exchange Act) who Beneficially Owned, directly or indirectly, the Voting Stock of the Company immediately prior to such transactions continue to Beneficially Own, directly or indirectly, in the aggregate more than 50% of the Voting Stock of
such entity, or continue to Beneficially Own, directly or indirectly, sufficient Equity Interests in such entity to elect a majority of its directors, managers, trustees or other persons serving in a similar capacity for such entity or its general
partner, as applicable, and, in either case no “person” Beneficially Owns, directly or indirectly, more than 50% of the Voting Stock of such entity or its general partner, as applicable; provided, however, that a Change of
Control shall not have occurred as a result of the Beneficial Ownership of more than 50% of the Voting Stock of the Company by the Qualified Owners, so long as at least 20% of the common units or other comparable common equity of such entity remains
registered and listed for trading on a national securities exchange or quoted on an established automated over-the-counter trading market in the United States. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time, or any successor statute or statutes thereto.

 “Commission” or “SEC” means the Securities and Exchange Commission. 

“Company” means Genesis Energy, L.P., a Delaware limited partnership, until a successor Person shall have become such
pursuant to the applicable provisions of this Supplemental Indenture, and thereafter “Company” shall mean such successor Person. 

“Consolidated Cash Flow” means, with respect to any specified Person for any period, the Consolidated Net Income of such
Person for such period plus, without duplication: 
 (1) an amount equal to any net loss realized by such Person or any of
its Restricted Subsidiaries in connection with an Asset Sale, to the extent such losses were deducted in computing such Consolidated Net Income; plus  

(2) provision for taxes based on income or profits of such Person and its Restricted Subsidiaries for such period, to the
extent that such provision for taxes was deducted in computing such Consolidated Net Income; plus  
 (3) consolidated
interest expense of such Person and its Restricted Subsidiaries for such period, whether paid or accrued and whether or not capitalized 

  
 - 10 - 

 
(including amortization of debt issuance costs and original issue discount, non-cash interest payments, the interest component of any deferred payment obligations, the interest component of all
payments associated with Capital Lease Obligations, imputed interest with respect to Attributable Debt, commissions, discounts and other fees and charges incurred in respect of letter of credit or bankers’ acceptance financings), and net of the
effect of all payments made or received pursuant to interest rate Hedging Contracts, to the extent that any such expense was deducted in computing such Consolidated Net Income; plus  

(4) depreciation, depletion and amortization (including amortization of intangibles but excluding amortization of prepaid cash
expenses that were paid in a prior period), impairment, non-cash equity based compensation expense and other non-cash items (excluding any such non-cash item 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) of such Person and its Restricted Subsidiaries for such period to the extent that such depreciation and amortization, impairment and other non-cash items that were
deducted in computing such Consolidated Net Income; plus  
 (5) unrealized non-cash losses resulting from foreign
currency balance sheet adjustments required by GAAP to the extent such losses were deducted in computing such Consolidated Net Income; plus  

(6) all extraordinary, unusual or non-recurring items of gain or loss, or revenue or expense and, without duplication,
Transaction Costs; plus  
 (7) any cash received by the Company or any Restricted Subsidiary pursuant to any Direct
Financing Lease during such period; plus 
 (8) any deferred or non-cash equity compensation or stock option or
similar compensation expense, including all expense recorded for the Company’s equity appreciation rights plan in excess of cash payments for exercised rights, in each case during such period; provided, however, that actual cash
payments made with respect to such deferred compensation during such period shall reduce Consolidated Cash Flow for such period; plus 

(9) an amount equal to dividends or distributions paid during such period in cash to such Person or any of its Restated
Subsidiaries by a Person that is not a Restricted Subsidiary or that is accounted for by the equity method of accounting; minus 

(10) non-cash items increasing such Consolidated Net Income for such period; 

in each case, on a consolidated basis and determined in accordance with GAAP. 

“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: 

(1) the aggregate Net Income (but not net loss in excess of such aggregate Net Income) of each of the Persons that is not a
Restricted Subsidiary or that is accounted for by the equity method of accounting will be excluded; 

  
 - 11 - 

 (2) the Net Income of any Restricted Subsidiary will be excluded 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 judgment, decree, order, statute, rule or governmental regulation applicable to that Restricted Subsidiary or its stockholders, partners or members; 

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

(4) unrealized losses and gains under derivative instruments included in the determination of Consolidated Net Income,
including those resulting from the application of Statement of Financial Accounting Standards No. 133, will be excluded; 

(5) any nonrecurring charges relating to any premium or penalty paid, write off of deferred finance costs or other charges in
connection with redeeming or retiring any Indebtedness prior to its Stated Maturity will be excluded; 
 (6) any asset
(including goodwill) impairment or write-down on or related to non-current assets under applicable GAAP or Commission guidelines will be excluded; and 

(7) any income or losses attributable to Direct Financing Leases will be excluded. 

“Consolidated Net Tangible Assets” means, with respect to any Person at any date of determination, the aggregate
amount of total assets included in such Person’s most recent quarterly or annual consolidated balance sheet prepared in accordance with GAAP less applicable reserves reflected in such balance sheet, after deducting the following amounts:
(a) all current liabilities reflected in such balance sheet, and (b) all goodwill, trademarks, patents, unamortized debt discounts and expenses and other like intangibles reflected in such balance sheet. 

“consolidation” means, with respect to any Person, the consolidation of the accounts of the Restricted Subsidiaries of such
Person with those of such Person, all in accordance with GAAP; provided, however, that “consolidation” will not include consolidation of the accounts of any Unrestricted Subsidiary of such Person with the accounts of such
Person. The term “consolidated” has a correlative meaning to the foregoing. 
 “Continuing Director”
means, as of any date of determination, any member of the Board of Directors of the Company who: 
 (1) was a member of such
Board of Directors on the Issue Date; or 
 (2) was approved by a vote of a majority of the Continuing Directors who were
members of such Board of Directors at the time of such approval. 

  
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 “Corporate Trust Office of the Trustee” means the office of the Trustee, which
office at the date hereof is located at 5555 San Felipe, Suite 1150 Houston, Texas 77056, Attn: Corporate Trust Services, or such other address as the Trustee may designate from time to time by notice to the Holders and the Issuers, or the principal
corporate trust office of any successor Trustee (or such other address as a successor Trustee may designate from time to time by notice to the Holders and the Issuers). 

“Credit Agreement” means the Fourth Amended and Restated Credit Agreement, dated as of June 30, 2014, by and among the
Company, as borrower, Wells Fargo Bank, National Association, as administrative agent, Bank of America N.A. and Bank of Montreal, as co-syndication agents, U.S. Bank National Association, as documentation agent, and each of the other lenders party
thereto, as amended by the First Amendment thereto, dated August 25, 2014 or any successor or replacement agreements and whether by the same or any other agent, lender or group of lenders, together with the related documents thereto (including,
without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including, without limitation, any amendment and restatement thereof), supplemented or otherwise modified from time to time,
including any agreements extending the maturity of, Refinancing, replacing, increasing or otherwise restructuring all or any portion of the Indebtedness under such agreements. 

“Credit Facilities” means one or more debt facilities (including the Credit Agreement), commercial paper facilities or debt
issuances, in each case with banks or other institutional lenders or institutional investors providing for revolving credit loans, term loans, receivables or inventory financing (including through the sale of receivables or inventory to such lenders
or to special purpose entities formed to borrow from such lenders against such receivables or inventory), commercial paper, debt securities or letters of credit, in each case, as amended, restated, modified, renewed, refunded, replaced or Refinanced
(including Refinancing with any capital markets transaction) in whole or in part from time to time. 
 “Custodian” means
any receiver, trustee, assignee, liquidator, sequestrator or similar official under any Bankruptcy Law. 
 “Davison
Family” means James E. Davison, James E. Davison, Jr., Steven Davison, Todd Davison and the members of their Families. 

“Davison Group” means (i) any member of the Davison Family, (ii) any Related Person of any such member, and
(iii) the James Ellis Davison, Jr. Grantor Retained Annuity Trust, the Steven Davison Family Trust, the Todd Davison Children’s Trust c/o Argent Trust, and the Todd Davison Legacy Trust-2010 c/o Argent Trust. For the avoidance of doubt,
the Persons named in (iii) above may be Related Persons of members of the Davison Family. 
 “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. 

  
 - 13 - 

 “Direct Financing Lease” means (i) the note of Genesis NEJD Pipeline, LLC
owing to Genesis NEJD Holdings, LLC and related financing lease between Genesis NEJD Pipeline, LLC and Denbury Onshore, LLC and (ii) any other arrangement, in the case of (i) or (ii) in respect of which cash received pursuant to such
arrangements is shown on the Company’s consolidated statement of cash flows as being attributable to “direct financing leases.” 

“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 of the Capital Stock), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable
at the option of the holder of the Capital Stock, in whole or in part, on or prior to the date that is 91 days after the final Stated Maturity of the Notes. Notwithstanding the preceding sentence, (a) any Capital Stock that would constitute
Disqualified Stock solely because the holders of the Capital Stock have the right to require the Company to repurchase or redeem such Capital Stock upon the occurrence of a change of control or an asset sale will 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 4.07 and (b) any Capital Stock
issued pursuant to any plan of the Company or any of its Affiliates for the benefit of one or more employees will not constitute Disqualified Stock solely because it may be required to be repurchased by the Company or any of its Affiliates in order
to satisfy applicable contractual, statutory or regulatory obligations. 
 For purposes of Section 4.09, the “amount”
or “principal amount” of any Disqualified Stock or preferred securities shall equal the greater of its voluntary or involuntary liquidation preference and its maximum fixed repurchase price, in each case, exclusive of accrued dividends.
For purposes hereof, the “maximum fixed repurchase price” of any Disqualified Stock or preferred securities which do not have a fixed repurchase price shall be calculated in accordance with the terms of such Disqualified Stock or preferred
securities as if such Disqualified Stock or preferred securities were redeemed, repaid or repurchased on the date on which the “amount” or “principal amount” thereof shall be required to be determined pursuant to this Indenture;
provided, however, that if such Disqualified Stock or preferred securities could not be required to be redeemed, repaid or repurchased at the time of such determination, the redemption, repayment or repurchase price will be the book
value of such Disqualified Stock or preferred securities as reflected in the most recent financial statements of such Person. 

“Enterprise Offshore Business Acquisition” means the acquisition by the Company of certain equity interests in certain
entities specified in and pursuant to the Enterprise Offshore Business Acquisition Agreement. 
 “Enterprise Offshore Business
Acquisition Agreement” means that certain Purchase and Sale Agreement, dated as of July 16, 2015, by and between the Company and Enterprise Products Operating LLC, as the same may be amended, supplemented or otherwise modified from
time to time in accordance with its terms in a manner not materially adverse to the Holders of the Notes as determined in good faith by the Company. 

“Equipment Lease Transactions” means sales or transfers of new equipment within 30 days of its acquisition by the Company or
any of its Restricted Subsidiaries in the 

  
 - 14 - 

 
ordinary course of business consistent with historical practice to any Person whereby the Company or any of its Restricted Subsidiaries shall then or thereafter rent or lease as lessee such new
equipment or any part thereof to use for substantially the same purpose or purposes as such new equipment sold or transferred. 

“Equity Interests” means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any
debt security that is convertible into, or exchangeable for, Capital Stock). 
 “Equity Offering” means (i) any
public or private sale of Capital Stock (other than Disqualified Stock) made for cash on a primary basis by the Company after the Issue Date or (ii) any contribution to capital of the Company in respect of Capital Stock of the Company;
provided that at any time on or after a Change of Control, any sale of Capital Stock to, or contribution to capital by, an Affiliate of the Company shall not be deemed an Equity Offering. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor statute or statutes thereto. 

“Existing Indebtedness” means the aggregate principal amount of Indebtedness or Disqualified Stock of the Company and its
Restricted Subsidiaries (other than Indebtedness under the Credit Agreement which is considered incurred under the first paragraph of Section 4.09 and other than intercompany Indebtedness or Disqualified Stock) in existence on the Issue
Date, until such amounts are repaid. 
 “Existing Unrestricted Subsidiaries” means Genesis Free State Pipeline, LLC,
Genesis NEJD Pipeline, LLC, TDC Americas, LLC, TDC Chile, SpA, TDC Energy Canada, Ltd., TDC Peru, S.A.C. and TDC South America, LLC. 

“fair market value” means the value that would be paid by a willing buyer to an unaffiliated willing seller in a transaction
not involving distress or necessity of either party, determined in good faith by the Board of Directors of the Company in the case of amounts of $30.0 million or more and otherwise by an officer of the General Partner, which determination will be
conclusive for all purposes under this Indenture. 
 “Family” means, with respect to any natural person, (i) such
Person, (ii) any spouse or descendant of such Person, (iii) any other natural person who is a member of the family of any such Person referenced in (i)-(ii) above and (iv) any other natural person who has been adopted by such
person referenced in (i)-(iii) above. 
 “Finance Corp.” means Genesis Energy Finance Corporation, a Delaware
corporation, until a successor Person shall have become such pursuant to the applicable provisions of this Supplemental Indenture, and thereafter “Finance Corp.” shall mean such successor Person. 

“Fixed Charge Coverage Ratio” means with respect to any specified Person for any four-quarter reference period, the ratio of
the Consolidated Cash Flow of such Person 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, repays, repurchases,

  
 - 15 - 

 
redeems, defeases or otherwise discharges any Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or redeems preferred securities subsequent to the commencement
of the applicable four-quarter reference period and on or 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 will
be calculated giving pro forma effect to such incurrence, assumption, guarantee, repayment, repurchase, redemption, defeasance or other discharge of Indebtedness, or such issuance, repurchase or redemption of preferred securities, and the use of the
proceeds therefrom as if the same had occurred at the beginning of such 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
(or by any Person acquired by such Person or any of its Restricted Subsidiaries), including through mergers, consolidations or otherwise (including acquisitions of assets used in a Permitted Business), and including in each case any related
financing transactions (including repayment of Indebtedness) during the four-quarter reference period or subsequent to such reference period and on or prior to the Calculation Date, will be given pro forma effect as if they had occurred on the first
day of the four-quarter reference period, including any Consolidated Cash Flow and any pro forma expense and cost reductions that have occurred or are reasonably expected to occur within the next 12 months, in the reasonable judgment of the chief
financial or accounting officer of the General Partner (regardless of whether those cost savings or operating improvements could then be reflected in pro forma financial statements in accordance with Regulation S-X promulgated under the Securities
Act or any other regulation or policy of the Commission related thereto); 
 (2) the Consolidated Cash Flow 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, will be excluded; 

(3) the Fixed Charges attributable to discontinued operations, as determined in accordance with GAAP, and operations or
businesses disposed of prior to the Calculation Date, will 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; and 
 (4) interest income reasonably anticipated by such Person to be received during the applicable
four-quarter period from cash or Cash Equivalents held by such Person or any Restricted Subsidiary of such Person, which cash or Cash Equivalents exist on the Calculation Date or will exist as a result of the transaction giving rise to the need to
calculate the Fixed Charge Coverage Ratio, will be included. 
 For purposes of this definition, (a) any Person that is a Restricted
Subsidiary on the Calculation Date will be deemed to have been a Restricted Subsidiary at all times during the reference period; and (b) any Person that is not a Restricted Subsidiary on the Calculation Date will be deemed not to have been a
Restricted Subsidiary at any time during the reference period. 

  
 - 16 - 

 “Fixed Charges” means, with respect to any specified 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 (including the interest component of any deferred payment obligations, the interest component of all payments associated with Capital Lease Obligations, imputed interest with respect to Attributable Debt,
commissions, discounts and other fees and charges incurred in respect of letter of credit or bankers’ acceptance financings), and net of the effect of all payments made or received pursuant to interest rate Hedging Contracts; plus  

(2) the consolidated interest expense of such Person and its Restricted Subsidiaries that was capitalized during such period;
plus  
 (3) 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  

(4) the product of (a) all dividends, whether paid or accrued and whether or not in cash, on any series of Disqualified
Stock of such Person or any of its Restricted Subsidiaries, other than dividends 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, times
(b) a fraction, the numerator of which is one and the denominator of which is one minus the then current combined federal, state and local statutory tax rate of such Person, expressed as a decimal, 

in each case, on a consolidated basis and determined in accordance with GAAP. 

Furthermore, in calculating “Fixed Charges” for purposes of determining the “Fixed Charge Coverage Ratio”: 

(a) interest on outstanding Indebtedness determined on a fluctuating basis as of the Calculation Date and which will continue
to be so determined thereafter shall be deemed to have accrued at a fixed rate per annum equal to the rate of interest on such Indebtedness in effect on the Calculation Date; 

(b) if interest on any Indebtedness actually incurred on the Calculation Date 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 rates, then the interest rate in effect on the Calculation Date will be deemed to have been in effect during the reference period; 

(c) notwithstanding clauses (1) and (2) above, interest on Indebtedness determined on a fluctuating basis, to the
extent such interest is covered by Hedging Contracts, shall be deemed to accrue at the rate per annum resulting after giving effect to the operation of such agreements; and 

(d) interest on Indebtedness referred to in clause (3) will be included only to the extent attributable to the portion of
such Indebtedness that is so guaranteed by such Person or its Restricted Subsidiaries or so secured by a lien on the assets thereof (provided that the amount of such Indebtedness so secured will be the lesser of (x) the fair market value
of such assets at the date of determination and (y) the amount of such Indebtedness). 

  
 - 17 - 

 “GAAP” means generally accepted accounting principles in the United States,
which are in effect from time to time. 
 “Global Notes” means Notes issued in the form of Global Securities. 

“Government Securities” means securities that are: 

(1) direct obligations of the United States of America for the timely payment of which its full faith and credit is pledged; or

 (2) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of
America the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case, are not callable or redeemable at the option of the issuers thereof, and shall also
include a depository receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such Government Securities or a specific payment of principal of or interest on any such Government Securities
held by such custodian for the account of the holder of such depository receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt
from any amount received by the custodian in respect of the Government Securities or the specific payment of principal of or interest on the Government Securities evidenced by such depository receipt. 

“guarantee” means a guarantee other than by endorsement of negotiable instruments for collection in the ordinary course of
business, direct or indirect, in any manner including by way of a pledge of assets, acting as co-obligor or through letters of credit or reimbursement agreements in respect thereof, of all or any part of any Indebtedness; provided,
however, that the term “guarantee” shall not include endorsements for collection or deposit in the ordinary course of business. When used as a verb, “guarantee” has a correlative meaning. 

  
 - 18 - 

 “Guarantors” means each of (a) the Subsidiaries of the Company, other than
Finance Corp., executing this Indenture as initial Guarantors, (b) any other Restricted Subsidiary of the Company that becomes a Guarantor by executing a supplement to this Indenture in accordance with Section 4.13 or
Section 9.03 hereof and (c) the respective successors and assigns of such Restricted Subsidiaries, as required under Article Nine hereof, in each case, until the Subsidiary Guarantee of such Person is released pursuant to
Section 7.02, Section 7.03 or Section 9.05 hereof. 
 “Hedging Contracts” means, with
respect to any specified Person: 
 (1) (i) any agreement of such Person with any other Person whereby, directly or
indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a floating or a fixed rate of interest on a stated notional amount in exchange for periodic payments made by such other Person
calculated by applying a fixed or a floating rate of interest on the same notional amount or (ii) any interest rate swap agreement, interest rate future agreement, interest rate option agreement, interest rate cap agreement or interest rate
collar agreement entered into with one or more financial institutions and designed to protect the Person or any of its Restricted Subsidiaries entering into the agreement against fluctuations in interest rates with respect to Indebtedness incurred;

 (2) any foreign exchange contract or similar currency protection agreement entered into with one or more financial
institutions and designed to protect the Person or any of its Restricted Subsidiaries entering into the agreement against fluctuations in currency exchanges rates with respect to Indebtedness incurred; 

(3) any commodity futures contract, forward contract, commodity swap agreement, commodity option or other similar agreement or
arrangement or any combination thereof designed to protect against fluctuations in the price of Hydrocarbons purchased, used, produced, processed or sold by that Person or any of its Restricted Subsidiaries at the time; and 

(4) any other agreement or arrangement designed to protect such Person or any of its Restricted Subsidiaries against
fluctuations in interest rates, commodity prices or currency exchange rates. 
 “Holder” means a Person in whose name a
Note is registered. 
 “Hydrocarbons” means crude oil, natural gas, casinghead gas, drip gasoline, natural gasoline,
condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons and all constituents, elements or compounds thereof and all products, by-products and all other substances (whether or not hydrocarbon in nature) produced in connection therewith or
refined, separated, settled or derived therefrom or the processing thereof, and all other minerals and substances, including, but not limited to, liquefied petroleum gas, natural gas, kerosene, sulphur, lignite, coal, uranium, thorium, iron,
geothermal steam, water, carbon dioxide, helium, and any and all other minerals, ores or substances of value, and the products and proceeds therefrom. 

  
 - 19 - 

 “Indebtedness” means, with respect to any specified Person, any indebtedness of
such Person, without duplication and whether or not contingent: 
 (1) in respect of borrowed money; 

(2) evidenced by bonds, notes, debentures or similar instruments; 

(3) in respect of all outstanding letters of credit issued for the account of such Person that support obligations that
constitute Indebtedness (provided that the amount of such letters of credit included in Indebtedness shall not exceed the amount of the Indebtedness being supported) and, without duplication, the unreimbursed amount of all drafts drawn under such
letters of credit issued for the account of such Person; 
 (4) in respect of bankers’ acceptances; 

(5) representing Capital Lease Obligations; 

(6) representing the balance deferred and unpaid of the purchase price of any property, except any such balance that
constitutes an accrued expense or trade payable; or 
 (7) representing any obligations under Hedging Contracts, 

if and to the extent any of the preceding items (other than letters of credit and obligations under Hedging Contracts) would appear as a liability upon a
balance sheet of the specified Person prepared in accordance with GAAP; provided, however, that any indebtedness which has been defeased in accordance with GAAP or defeased pursuant to the irrevocable deposit of cash or Cash
Equivalents (in an amount sufficient to satisfy all such indebtedness obligations at maturity or redemption, as applicable, and all payments of interest and premium, if any) in a trust or account created or pledged for the sole benefit of the
holders of such indebtedness (and subject to no other Liens) and the other applicable terms of the instrument governing such indebtedness shall not constitute “Indebtedness.” In addition, the term “Indebtedness” includes, with
respect to any Person, all Indebtedness of other Persons secured by a Lien on any asset of the specified Person (other than Indebtedness of an Unrestricted Subsidiary or Joint Venture of the specified Person to the extent secured by a Lien on or
pledge of Equity Interests of such Unrestricted Subsidiary or Joint Venture as contemplated by clause (9) of the definition of “Permitted Liens”), whether or not such Indebtedness is assumed by the specified Person (provided
that the amount of such Indebtedness will be the lesser of (a) the fair market value of such asset at such date of determination and (b) the amount of such Indebtedness of such other Persons) and, to the extent not otherwise included, the
guarantee by the specified Person of any Indebtedness of any other Person. For the avoidance of doubt, the term “Indebtedness” excludes 

(i) any obligation arising from any agreement providing for indemnities, purchase price adjustments, holdbacks, contingency
payment obligations based on a final financial statement or report or the performance of the acquired or disposed assets or similar obligations (other than guarantees of Indebtedness) incurred by the specified Person in connection with the
acquisition or disposition of assets; 

  
 - 20 - 

 (ii) accrued expenses and trade accounts payable arising in the ordinary course
of business; 
 (iii) any unrealized losses or charges in respect of Hedging Contracts (including those resulting from the
application of FAS 133); 
 (iv) any obligations in respect of (a) bid, performance, completion, surety, appeal and
similar bonds, (b) obligations in respect of bankers’ acceptances, (c) insurance obligations or bonds and other similar bonds and obligations and (d) any guarantees or letters of credit functioning as or supporting any of the
foregoing bonds or obligations; provided, however that such bonds or obligations mentioned in subclause (a), (b), (c) or (d) of this clause (iv) are incurred in the ordinary course of the business of the Company and its
Restricted Subsidiaries and do not relate to obligations for borrowed money; 
 (v) any obligations in respect of completion
bonds, performance bonds, bid 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 and obligations of the Company or any Restricted Subsidiary with respect to or letters of credit functioning as or supporting any of the foregoing bonds or obligations; and 

(vi) any contracts and other obligations, agreements instruments or arrangements described in clause (11) of the
definition of “Permitted Liens.” 
 The “amount” or “principal amount” of any Indebtedness outstanding as of
any date will be, except as specified below, determined in accordance with GAAP: 
 (1) in the case of any Indebtedness
issued with original issue discount, the accreted value of the Indebtedness; 
 (2) in the case of obligations under any
Hedging Contracts, the termination value of the agreement or arrangement giving rise to such obligations that would be payable by such Person at such date; 

(3) in the case of any Capitalized Lease Obligation, the amount determined in accordance with the definition thereof; 

(4) in the case of other unconditional obligations (other than those specified in clauses (1) or (2) of the first
paragraph of this definition), the amount of the liability thereof determined in accordance with GAAP; 
 (5) in the case of
other contingent obligations (other than those specified in clauses (1) or (2) of the first paragraph of this definition), the maximum liability at such date of such Person; and 

(6) the principal amount of the Indebtedness, together with any interest on the Indebtedness that is more than 30 days past
due, in the case of any other Indebtedness. 

  
 - 21 - 

 “Indenture” means the Base Indenture, as amended, supplemented and modified by
this Supplemental Indenture, as may be further amended, supplemented or modified from time to time in accordance with the terms hereof, including the provisions of the Trust Indenture Act that are deemed to be a part hereof. 

“Independent Advisor” means a reputable accounting, appraisal or nationally recognized investment banking, engineering or
consulting firm (a) which does not, and whose directors, officers and employees or Affiliates do not, have a direct or indirect material financial interest in the Company and (b) which, in the judgment of the Board of Directors of the
Company, is otherwise disinterested, independent and qualified to perform the task for which it is to be engaged. 
 “Initial
Guarantors” means Antelope Refining, LLC, AP Marine, LLC, BR Port Services, LLC, Casper Express Pipeline, LLC, Davison Petroleum Supply, LLC, Davison Transportation Services, Inc., Davison Transportation Services, LLC, GEL CHOPS GP, LLC,
GEL CHOPS I, L.P., GEL CHOPS II, L.P., GEL Louisiana Fuels, LLC, GEL Odyssey, LLC, GEL Offshore Pipeline, LLC, GEL Offshore, LLC, GEL Poseidon, LLC, GEL PRCS, LLC, GEL Sekco, LLC, GEL Tex Marketing, LLC, GEL Texas Pipeline, LLC, GEL Wyoming, LLC,
Genesis BR, LLC, Genesis CHOPS I, LLC, Genesis CHOPS II, LLC, Genesis CO2 Pipeline, L.P., Genesis Crude Oil, L.P., Genesis Davison, LLC, Genesis Energy, LLC, Genesis Free State Holdings, LLC, Genesis Marine, LLC, Genesis Natural Gas Pipeline, L.P.,
Genesis NEJD Holdings, LLC, Genesis Odyssey, LLC, Genesis Offshore Holdings, LLC, Genesis Offshore, LLC, Genesis Pipeline Alabama, LLC, Genesis Pipeline Texas, L.P., Genesis Pipeline USA, L.P., Genesis Poseidon Holdings, LLC, Genesis Poseidon, LLC,
Genesis Rail Services, LLC, Genesis Sailfish Holdings, LLC, Genesis Sekco, LLC, Genesis Syngas Investments, L.P., Milam Services, Inc., Powder River Crude Services, LLC, Powder River Express, LLC, Powder River Operating, LLC, Pronghorn Rail
Services, LLC, Red River Terminals, L.L.C., TBP2, LLC, TDC Services, LLC, TDC, L.L.C., Texas City Crude Oil Terminal, LLC, Thunder Basin Pipeline, LLC, and Thunder Basin Holdings, LLC. 

“Initial Notes” means the $750,000,000 aggregate principal amount of Notes issued on the Issue Date. The Initial Notes
comprise all Notes issued under this Supplemental Indenture other than any Additional Notes. 
 “Investment Grade Rating”
means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P or, if either such rating agency ceases to rate the Notes for reasons outside of the Company’s control, the equivalent
investment grade credit rating from any other nationally recognized statistical rating agency selected by the Company. 

“Investments” means, with respect to any Person, all direct or indirect investments by such Person in other Persons
(including Affiliates) in the forms of loans (including guarantees or other obligations), advances or capital contributions (excluding (1) commission, travel and similar advances to officers and employees made in the ordinary course of business
and (2) advances to customers in the ordinary course of business that are recorded as accounts receivable on the balance sheet of the lender), purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other
securities, together with all items that are 

  
 - 22 - 

 
or would be classified as investments on a balance sheet prepared in accordance with GAAP. Except as otherwise provided in this Indenture, the amount of any Investment shall be its fair market
value at the time the Investment is made and shall not be adjusted for increases or decreases in value or write-ups, write-downs or write-offs with respect to such Investment. 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
will be deemed to have made an Investment on the date of any such sale or disposition in an amount equal to the fair market value of the Equity Interests of such Restricted Subsidiary not sold or disposed of in an amount determined as provided in
Section 4.07(c). The acquisition by the Company or any Subsidiary of the Company of a Person that holds an Investment in a third Person will be deemed to be an Investment made by the Company or such Subsidiary in such third Person in an
amount equal to the fair market value of the Investment held by the acquired Person in such third Person on the date of any such acquisition in an amount determined as provided in Section 4.07(c). 

“Issue Date” means July 23, 2015, the date of original issuance of the Initial Notes under this Supplemental Indenture.

 “Joint Venture” means any Person that is not a direct or indirect Subsidiary of the Company in which the Company or any
of its Restricted Subsidiaries makes any Investment. 
 “Lien” means, with respect to any asset, any mortgage, lien,
pledge, charge, security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under Applicable Law, including any conditional sale or other title retention agreement, any lease in the
nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction other than a
precautionary financing statement respecting a lease not intended as a security agreement. 
 “Make-Whole Premium” means,
with respect to a Note at any time, the excess, if any, of (a) the present value at such time of (i) the redemption price of such Note at August 1, 2018 pursuant to Section 3.07(a) plus (ii) any required interest
payments due on such Note through August 1, 2018 (except for accrued and unpaid interest at such time), computed using a discount rate equal to the Treasury Rate at such time plus 50 basis points, discounted to the redemption date on a
semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), over (b) the principal amount of such Note. 

“Measuring Date” means November 18, 2010. 

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

“Net Income” means, with respect to any specified Person, the net income (loss) of such Person, determined in accordance
with GAAP and before any reduction in respect of preferred securities dividends, excluding, however: 
 (1) 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 the extinguishment of any Indebtedness of such Person;
and 
 (2) any extraordinary gain (or loss), together with any related provision for taxes on such extraordinary gain (or
loss). 

  
 - 23 - 

 “Net Proceeds” means the aggregate cash proceeds received by the Company or any
of its Restricted Subsidiaries in respect of any Asset Sale (including any cash received upon the sale or other disposition of any non-cash consideration received in any Asset Sale), net of: 

(1) the direct costs relating to such Asset Sale, including legal, accounting and investment banking fees, and sales
commissions, severance costs and any relocation expenses incurred as a result of the Asset Sale; 
 (2) taxes paid or payable
or taxes required to be accrued as a liability under GAAP as a result of the Asset Sale, in each case, after taking into account any available tax credits or deductions and any tax sharing arrangements; 

(3) amounts required to be applied to the repayment of Indebtedness secured by a Lien on the properties or assets that were the
subject of such Asset Sale in accordance with the terms of any Lien upon or other security agreement of any kind with respect to such assets or which must by its terms or in order to obtain a necessary consent to such Asset Sale, or by applicable
law, be repaid out of the proceeds from such Asset Sale; 
 (4) any amounts to be set aside in any reserve established in
accordance with GAAP or any amount placed in escrow, in either case for adjustment in respect of the sale price of such properties or assets or for liabilities associated with such Asset Sale and retained by the Company or any of its Restricted
Subsidiaries until such time as such reserve is reversed or such escrow arrangement is terminated, in which case Net Proceeds shall include only 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) all distributions and other payments required to be
made to minority interest holders in the Restricted Subsidiaries or Joint Ventures that are the subject of such Asset Sale. 

“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), (b) is directly or indirectly liable as a guarantor or otherwise, or (c) is the lender; 

  
 - 24 - 

 (2) no default with respect to which (including any rights that the holders of
the Indebtedness 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 (other than the Notes) of the Company or any of its Restricted Subsidiaries
to declare a default on such other Indebtedness or cause the payment of the Indebtedness to be accelerated or payable prior to its Stated Maturity; and 

(3) the explicit terms of which provide there is no recourse against any of the Capital Stock or assets of the Company or any
of its Restricted Subsidiaries except as contemplated by clause (9) of the definition of “Permitted Liens.” 
 For purposes
of determining compliance with Section 4.09, in the event that any Non-Recourse Debt of any of the Company’s Unrestricted Subsidiaries ceases to be Non-Recourse Debt of such Unrestricted Subsidiary, such event will be deemed to
constitute an incurrence of Indebtedness by a Restricted Subsidiary of the Company. 
 “Notes” has the meaning stated in
the third recital of this Supplemental Indenture and more particularly means any Notes authenticated and delivered under this Supplemental Indenture. For all purposes of this Supplemental Indenture: 

(a) the term “Notes” shall include all Additional Notes issued hereunder, and 

(b) all Notes shall be treated as a single class for purposes of this Supplemental Indenture as specified in Section 1.03. 

“Obligations” means any principal, premium, if any, interest (including interest accruing on or after the filing of any
petition in bankruptcy or for reorganization, whether or not a claim for post-filing interest is allowed in such proceeding), penalties, fees, charges, expenses, indemnifications, reimbursement obligations, damages, guarantees, and other liabilities
or amounts payable under the documentation governing any Indebtedness or in respect thereto. 
 “Officer” means, with
respect to any Person, the Chairman of the Board, the Chief Executive Officer, the President, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary, any Assistant Secretary or
any Vice President of such Person (or, if such Person is a limited partnership, the Chairman of the Board, the Chief Executive Officer, the President, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer,
the Controller, the Secretary, any Assistant Secretary or any Vice President of such Person’s general partner). 
 “Pari Passu
Indebtedness” means any Indebtedness of the Issuers or any Guarantor that ranks pari passu in right of payment with the Notes or such Guarantor’s Subsidiary Guarantees, as applicable. 

“Partnership Agreement” means the Fifth Amended and Restated Agreement of Limited Partnership of the Company, dated as of
December 28, 2010, as in effect on the Issue Date and as such may be further amended, modified or supplemented from time to time. 

  
 - 25 - 

 “Permitted Business” means either (1) gathering, transporting,
compressing, treating, processing, marketing, distributing, storing or otherwise handling Hydrocarbons, or activities or services reasonably related or ancillary thereto including entering into Hedging Contracts in the ordinary course of business
and not for speculative purposes to support these businesses and the development, manufacture and sale of equipment or technology related to these activities, (2) any other business that generates gross income that constitutes “qualifying
income” under Section 7704(d) of the Code or (3) any activity that is ancillary, complementary or incidental to or necessary or appropriate for the activities described in clause (1) or (2) of this definition. 

“Permitted Business Investments” means Investments by the Company or any of its Restricted Subsidiaries in any Unrestricted
Subsidiary of the Company or in any Joint Venture, provided that: 
 (1) either (a) 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 4.09(a) or (b) such Investment does not exceed the aggregate amount of
Incremental Funds (as defined in Section 4.07) not previously expended at the time of making such Investment; 

(2) if such Unrestricted Subsidiary or Joint Venture 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 Unrestricted Subsidiary or Joint Venture that is recourse to the Company or any of its Restricted Subsidiaries (which shall include all Indebtedness of
such Unrestricted Subsidiary or Joint Venture 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 any “claw-back,” “make-well” or “keep-well” arrangement) at the time such Investment is made, constitutes Permitted Debt or could be incurred at that time by the Company and its
Restricted Subsidiaries under the Fixed Charge Coverage Ratio test set forth in Section 4.09(a); and 
 (3) such
Unrestricted Subsidiary’s or Joint Venture’s activities are not outside the scope of the Permitted Business. 

“Permitted Investments” means: 

(1) any Investment in the Company (including through purchases of Notes) 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
properties or assets to, or is liquidated into, the Company or a Restricted Subsidiary of the Company; 

  
 - 26 - 

 (4) any Investment made as a result of the receipt of non-cash consideration
(a) from an Asset Sale that was made pursuant to and in compliance with Section 4.10 or (b) pursuant to clause (6) of the items deemed not to be Asset Sales under the definition of “Asset Sale”; 

(5) any Investment in any Person solely in exchange for the issuance of, or out of the net cash proceeds of the substantially
concurrent (a) contribution (other than from a Restricted Subsidiary of the Company) to the equity capital of the Company in respect of or (b) sale (other than to a Restricted Subsidiary of the Company) of Equity Interests (other than
Disqualified Stock) of the Company; provided, however, that such amounts are not included in Incremental Funds; 
 (6)
any Investments received (a) in compromise or resolution of, or upon satisfaction of judgments with respect to, (i) obligations of trade creditors or customers that were incurred in the ordinary course of business, including pursuant to
any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor or customer or (ii) litigation, arbitration or other disputes (including pursuant to any bankruptcy or insolvency proceedings) with
Persons who are not Affiliates or (b) as a result of a foreclosure by the Company or any of its Restricted Subsidiaries with respect to any secured Investment in default; 

(7) Hedging Contracts entered into in the ordinary course of business and not for speculative purposes; 

(8) Permitted Business Investments; 

(9) payroll, travel and similar advances to cover matters that are expected at the time of such advances ultimately to be
treated as expenses for accounting purposes and that are made in the ordinary course of business; 
 (10) loans or advances
to officers, directors or employees made in compliance with law and in the ordinary course of business consistent with past practices of the Company or such Restricted Subsidiary and otherwise in compliance with Section 4.11; 

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

(12) Investments that are in existence on the Issue Date, and any extension, modification or renewal of any such Investments,
but only to the extent not involving additional advances, contributions or other Investments of cash or other assets or other increases of such Investments (other than as a result of the accrual or accretion of interest or original issue discount or
the issuance of pay-in-kind securities, in each case, pursuant to the terms of such Investments as in effect on the Issue Date); 

  
 - 27 - 

 (13) guarantees of performance of operating leases or other obligations (other
than Indebtedness) arising in the ordinary course of business; 
 (14) Investments of a Restricted Subsidiary existing on the
date such entity became a Restricted Subsidiary acquired after the Issue Date or of any entity merged into or consolidated with the Company or a Restricted Subsidiary in accordance with Section 5.01 to the extent that such Investments
were not made in contemplation of or in connection with such acquisition, merger or consolidation and were in existence on the date of such acquisition, merger or consolidation; 

(15) repurchases of or other Investments in the Notes; 

(16) Guarantees of Indebtedness other than Indebtedness of an Affiliate permitted under Section 4.09; and 

(17) 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 (17) that are at the time outstanding, do not exceed the greater of (a) $50.0 million or (b) 5.0%
of the Company’s Consolidated Net Tangible Assets. 
 “Permitted Liens” means: 

(1) Liens securing Indebtedness under the Credit Agreement or any other Credit Facilities; 

(2) Liens in favor of the Company or the Guarantors; 

(3) Liens on property of a Person existing at the time such Person (a) becomes a Restricted Subsidiary of the Company or
(b) is merged with or into or consolidated with the Company or any Restricted Subsidiary of the Company, provided that, in the case of subclause (b), such Liens were in existence prior to the contemplation of such merger or consolidation
and do not extend to any assets (other than improvements thereon, accessions thereto and proceeds thereof) other than those of the Person merged into or consolidated with the Company or the Restricted Subsidiary; 

(4) Liens on property existing at the time of acquisition of the property by the Company or any Restricted Subsidiary of the
Company; provided that such Liens were in existence prior to the contemplation of such acquisition; 
 (5) any
interest or title of a lessor to the property subject to a Capital Lease Obligation; 
 (6) 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 

  
 - 28 - 

 
payments incurred to finance the acquisition, lease, improvement or construction of or repairs or additions to, assets or property acquired or constructed in the ordinary course of business;
provided that: 
 (a) the aggregate principal amount of Indebtedness secured by such Liens is otherwise permitted to
be incurred under this Indenture and does not exceed the cost of the assets or property so acquired or constructed; and 

(b) such Liens are created within 360 days of the later of the acquisition, lease, completion of improvements, construction,
repairs or additions or commencement of full operation of the assets or property subject to such Lien and do not encumber any other assets or property of the Company or any Restricted Subsidiary other than such assets or property and assets affixed
or appurtenant thereto; 
 (7) Liens existing on the Issue Date; 

(8) Liens incurred in the ordinary course of business (a) to secure the performance of tenders, bids, statutory
obligations, surety or appeal bonds, trade contracts, government contracts, operating leases, performance bonds or other obligations of a like nature or (b) in connection with workers’ compensation, unemployment insurance and other social
security or similar legislation; 
 (9) Liens on and pledges of the Equity Interests of any Unrestricted Subsidiary or any
Joint Venture owned by the Company or any Restricted Subsidiary of the Company to the extent securing Non-Recourse Debt or other Indebtedness of such Unrestricted Subsidiary or Joint Venture; 

(10) Liens on pipelines or pipeline facilities that arise by operation of law; 

(11) Liens arising under operating agreements, joint venture agreements, partnership agreements, oil and gas leases, farmout
agreements, division orders, contracts for sale, transportation or exchange of crude oil and natural gas, unitization and pooling declarations and agreements, area of mutual interest agreements and other agreements arising in the ordinary course of
business of the Company and its Restricted Subsidiaries that are customary in the Permitted Business; 
 (12) Liens upon
specific items of inventory, receivables or other goods or proceeds of the Company or any of its Restricted Subsidiaries securing such Person’s obligations in respect of bankers’ acceptances or receivables securitizations issued or created
for the account of such Person to facilitate the purchase, shipment or storage of such inventory, receivables or other goods or proceeds and permitted by Section 4.09; 

(13) Liens securing Obligations of the Issuers or any Guarantor under the Notes or the Subsidiary Guarantees or otherwise under
this Indenture, as the case may be; 

  
 - 29 - 

 (14) Liens securing any Indebtedness equally and ratably with all Obligations due
under the Notes or any Subsidiary Guarantee pursuant to a contractual covenant that limits Liens in a manner substantially similar to Section 4.12; 

(15) Liens to secure performance of Hedging Contracts of the Company or any of its Restricted Subsidiaries entered into in the
ordinary course of business and not for speculative purposes; 
 (16) Liens securing any insurance premium financing under
customary terms and conditions, provided that no such Lien may extend to or cover any assets or property other than the insurance being acquired with such financing, the proceeds thereof and any unearned or refunded insurance premiums related
thereto; 
 (17) Liens for taxes, assessments or governmental charges or claims that are not yet delinquent or that are being
contested in good faith by appropriate proceedings promptly instituted and diligently concluded; provided that any reserve or other appropriate provision as is required in conformity with GAAP has been made therefor; 

(18) any attachment or judgment Lien that does not constitute an Event of Default; 

(19) survey exceptions, easements or reservations of, or rights of others for, licenses, rights-of-way, sewers, electric lines,
telegraph and telephone lines and other similar purposes, or zoning or other restrictions as to the use of real property that were not incurred in connection with the Indebtedness and that do not in the aggregate materially adversely affect the
value of said properties or materially impair their use in the operation of the business of the Company or any of its Restricted Subsidiaries; 

(20) 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; 
 (21) leases or subleases granted to others
that do not materially interfere with the ordinary course of business of the Company and its Restricted Subsidiaries, taken as a whole; 

(22) Liens (other than Liens securing Indebtedness) on, or related to, assets to secure all or part of the costs incurred in
the ordinary course of the Permitted Business for the gathering, compression, treating, distribution, production, processing, transportation, marketing, storage or otherwise handling of Hydrocarbons; 

(23) statutory and contractual Liens of landlords to secure rent arising in the ordinary course of business and Liens of
carriers, warehousemen, mechanics, suppliers, materialmen, repairmen and other Liens imposed by law incurred in the ordinary course of business for sums not yet delinquent or being contested in good faith; 

(24) Liens arising solely by virtue of any statutory or common law provision relating to banker’s Liens, rights of set-off
or similar rights and remedies as to deposit 

  
 - 30 - 

 
accounts or other funds maintained with a creditor depository institution; provided, however, that (a) such deposit account is not a dedicated cash collateral account and is
not subject to restrictions against access by the Issuers in excess of those set forth by regulations promulgated by the Federal Reserve Board and (b) such deposit account is not intended by the Issuers or any Restricted Subsidiary to provide
collateral to the depository institution; 
 (25) Liens in favor of collecting or payor banks having a right of setoff,
revocation, refund or chargeback with respect to money or instruments of the Issuers or any Restricted Subsidiary on deposit with or in possession of such bank; 

(26) Liens arising under this Indenture in favor of the Trustee for its own benefit and similar Liens in favor of other
trustees, agents and representatives arising under instruments governing Indebtedness permitted to be incurred under this Indenture; provided, however, that such Liens are solely for the benefit of the trustees, agents or
representatives in their capacities as such and not for the benefit of the holders of such Indebtedness; 
 (27) Liens
arising from the deposit of funds or securities in trust for the purpose of decreasing or defeasing Indebtedness so long as such deposit of funds or securities and such decreasing or defeasing of Indebtedness are permitted under
Section 4.07; 
 (28) other Liens incurred by the Company or any Restricted Subsidiary of the Company,
provided that, after giving effect to any such incurrence, the aggregate principal amount of all Indebtedness then outstanding and secured by any Liens incurred pursuant to this clause (28) does not exceed the greater of (a) $50.0
million or (b) 5.0% of the Company’s Consolidated Net Tangible Assets; and 
 (29) any Lien renewing, extending,
refinancing or refunding a Lien permitted by clauses (1) through (27) above, provided that (a) the principal amount of the Indebtedness secured by such Lien is not increased except by an amount equal to a reasonable premium or
other reasonable amount paid, and fees and expenses reasonably incurred, in connection therewith and by an amount equal to any existing commitments unutilized thereunder and (b) no assets encumbered by any such Lien other than the assets
permitted to be encumbered immediately prior to such renewal, extension, refinance or refund are encumbered thereby (other than improvements thereon, accessions thereto and proceeds thereof). 

In each case set forth above, notwithstanding any stated limitation on the assets that may be subject to such Lien, a Permitted Lien on a
specified asset or group or type of assets may include Liens on all improvements, additions and accessions thereto and all products and proceeds thereof (including dividends, distributions and increases in respect thereof). 

“Permitted Refinancing Indebtedness” means any Indebtedness or Disqualified Stock of the Company or any of its Restricted
Subsidiaries issued in a Refinancing of other Indebtedness or Disqualified Stock of the Company or any of its Restricted Subsidiaries (other than intercompany Indebtedness); provided that: 

(1) the principal amount of such Permitted Refinancing Indebtedness does not exceed the principal amount of the Indebtedness or
Disqualified Stock or preferred securities being Refinanced (plus all accrued interest on the Indebtedness or accrued and unpaid dividends on preferred securities and the amount of all expenses and premiums incurred in connection therewith); 

  
 - 31 - 

 (2) such Permitted Refinancing Indebtedness has a final maturity date later than
the final maturity date of, and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness or Disqualified Stock or preferred securities being Refinanced; 

(3) if the Indebtedness being Refinanced is subordinated in right of payment to the Notes or the Subsidiary Guarantees, such
Permitted Refinancing Indebtedness is subordinated in right of payment to the Notes or the Subsidiary Guarantees on terms at least as favorable to the Holders as those contained in the documentation governing the Indebtedness or Disqualified Stock
or preferred securities being Refinanced or shall be Disqualified Stock or preferred securities of the obligor on the Indebtedness being Refinanced; 

(4) if such Indebtedness being Refinanced is Indebtedness of the Issuers or one or more Guarantors, then such Permitted
Refinancing Indebtedness shall be Indebtedness solely of the Issuers or such Guarantors which were obligors or guarantors of such Indebtedness being Refinanced; 

(5) if any preferred securities being Refinanced were not Disqualified Stock of the Issuers, the Permitted Refinancing
Indebtedness shall not be Disqualified Stock of the Issuers; and 
 (6) if any preferred securities being Refinanced were
preferred securities of a Restricted Subsidiary, the Refinancing Indebtedness shall be preferred securities of such Restricted Subsidiary. 

Notwithstanding the preceding, any Indebtedness incurred under Credit Facilities pursuant to Section 4.09 shall be subject only
to the refinancing provision in the definition of Credit Facilities and not pursuant to the requirements set forth in the definition of Permitted Refinancing Indebtedness. 

“Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust,
unincorporated organization, limited liability company or government or other entity. 
 “preferred securities” of any
Person means any Capital Stock of any class or classes (however designated) of such Person that has preferential rights to any other Capital Stock of any class of such Person with respect to dividends or redemptions or as to the distribution of
assets upon any voluntary or involuntary liquidation or dissolution of such Person. 

  
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 “Qualified Owners” means (i) the Company and its Subsidiaries,
(ii) the Davison Group and (iii) any Related Persons with respect to any Person specified in clauses (i) or (ii) of this definition. Any person or group whose acquisition of beneficial ownership constitutes a Change of Control in
respect of which a Change of Control Offer is (or pursuant to Section 4.15(g) is not required to be) made in accordance with the requirements of this Indenture will thereafter, together with its Affiliates, constitute an additional
Qualified Owner. 
 “Refinance” means, in respect of any Indebtedness or preferred securities, to refinance, extend,
renew, refund, repay, prepay, redeem, effect a change by amendment or modification, defease or retire, or to issue Indebtedness or preferred securities in exchange or replacement for (or the net proceeds of which are used to Refinance), such
Indebtedness or preferred securities in whole or in part. “Refinanced” and “Refinancing” shall have correlative meanings. 

“Related Person” means, with respect to a particular Qualified Owner, (i) to the extent such Person is an individual,
(a) each other member of such Qualified Owner’s Family; (b) any Person that is directly or indirectly Controlled by such Qualified Owner and/or any one or more members of such Qualified Owner’s Family; (c) any Person with
respect to which such Qualified Owner and/or one or more members of such Qualified Owner’s Family and/or all Related Persons thereto, collectively, constitute at least a majority of the executors or trustees thereof (or in a similar capacity);
and (d) any person that is an estate planning vehicle (such as a trust) of which such Qualified Owner and/or one or more members of such Qualified Owner’s Family and/or any Related Persons thereto, collectively, are substantial
beneficiaries; or (ii) to the extent such Qualified Owner is not an individual, (x) any controlling stockholder, partner, member, 51% (or more) owned Subsidiary or immediate family member (in the case of an individual) of such Qualified
Owner; or (y) any trust, corporation, partnership, limited liability company or other Person (other than any individual), the beneficiaries, stockholders, partners, members, owners or Persons beneficially holding (directly or through one or
more subsidiaries) a 51% or more controlling interest of which consist of any one or more Qualified Owners or such other Persons referred to in the immediately preceding clause (x) or this clause (y). 

“Reporting Default” means a Default described in Section 6.01(a)(iv). 

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

“Restricted Subsidiary” of a Person means any Subsidiary of the referent Person that is not an Unrestricted Subsidiary.
Notwithstanding anything in this Indenture to the contrary, Finance Corp. shall be a Restricted Subsidiary of the Company. 

“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., or any
successor to the rating agency business thereof. 
 “Sale and Leaseback Transaction” means any direct or indirect
arrangement with any Person or to which any such Person is a party providing for the leasing to the Issuers or a Restricted Subsidiary of any property, whether owned by the Issuers or any Restricted Subsidiary at the Issue Date or later acquired,
which has been or is to be sold or transferred by the Issuers or such Restricted Subsidiary to such Person or to any other Person from whom funds have been or are to be advanced by such Person on the security of such property. 

  
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 “Senior Debt” means 

(1) all Indebtedness of the Company or any Restricted Subsidiary outstanding under Credit Facilities and all obligations under
Hedging Contracts with respect thereto; 
 (2) any other Indebtedness of the Company or any Restricted Subsidiary permitted
to be incurred under the terms of this Indenture, unless the instrument under which such Indebtedness is incurred expressly provides that it is subordinated in right of payment to the Notes or any Subsidiary Guarantee; and 

(3) all Obligations with respect to the items listed in the preceding clauses (1) and (2). 

Notwithstanding anything to the contrary in the preceding sentence, Senior Debt will not include: 

(a) any intercompany Indebtedness of the Company or any of its Restricted Subsidiaries to the Company or any of its
Affiliates; or 
 (b) any Indebtedness that is incurred in violation of this Indenture. 

For the avoidance of doubt, “Senior Debt” will not include any trade payables or taxes owed or owing by the Company or any
Restricted Subsidiary. 
 “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. 

“Special Mandatory Redemption Price” means 100% of the aggregate issue price of the Notes being redeemed plus accrued and
unpaid interest to, but not including, the redemption date. For purposes of this definition, “issue price” means the public offering price of the Initial Notes, as set forth on the cover of the Prospectus Supplement relating to the Initial
Notes dated July 16, 2015, excluding any accrued interest from July 23, 2015 if settlement occurs after such date. 

“Stated Maturity” means, with respect to any installment of interest or principal on any series of Indebtedness, the date on
which the payment of interest or principal was scheduled to be paid in the original documentation governing such Indebtedness, and will 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. 
 “Subsidiary” means, with respect to any specified Person: 

(1) any corporation, association or other business entity (other than a partnership or limited liability company) of which more
than 50% of the total voting power of Voting Stock is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person (or a combination thereof); and 

(2) any partnership (whether general or limited) or limited liability company (a) the sole general partner or member of
which is such Person or a Subsidiary of such Person, or (b) if there is more than a single general partner or member, either (x) the only managing general partners or managing members of which are such Person or one or more Subsidiaries of
such Person (or any combination thereof) or (y) such Person owns or controls, directly or indirectly, a majority of the outstanding general partner interests, member interests or other Voting Stock of such partnership or limited liability
company, respectively. 

  
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 “Subsidiary Guarantee” means any guarantee by a Guarantor of the Issuers’
Obligations under this Supplemental Indenture, the Base Indenture (as it relates to the Notes) and the Notes pursuant to Article Nine hereof. 

“Transaction Costs” means any legal, professional and advisory fees or other transaction costs and expenses paid (whether or
not incurred) by the Company or any Restricted Subsidiary in connection with any incurrence of Indebtedness or Disqualified Stock or any issuance of other equity securities or any Refinancing thereof. 

“Treasury Rate” means as of any redemption date the yield to maturity at such redemption date 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 such redemption date to August 1, 2018; 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 such redemption date to August 1, 2018 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. 

“Uniform Commercial Code” means the New York Uniform Commercial Code as in effect from time to time. 

“Unrestricted Subsidiary” means (i) the Existing Unrestricted Subsidiaries and (ii) any other Subsidiary of the
Company (other than Finance Corp.) that is designated by the Board of Directors of the Company as an Unrestricted Subsidiary pursuant to a Board Resolution, but only to the extent that, in the case of clause (i) or (ii), such Subsidiary: 

(1) except to the extent permitted by subclause (2)(b) of the definition of “Permitted Business Investments,”
has no Indebtedness other than Non-Recourse Debt owing to any Person other than the Company or any of its Restricted Subsidiaries; 

  
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 (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; 
 (3) is a Person with respect to which neither the Company nor any of
its Restricted Subsidiaries has any direct or indirect obligation (a) to subscribe for additional Equity Interests or (b) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified
levels of operating results; and 
 (4) has not guaranteed or otherwise directly or indirectly provided credit support for
any Indebtedness of the Company or any of its Restricted Subsidiaries. 
 All Subsidiaries of an Unrestricted Subsidiary shall also be
Unrestricted Subsidiaries. 
 Any designation of a Subsidiary of the Company as an Unrestricted Subsidiary will be evidenced to the Trustee
by filing with the Trustee a Board Resolution giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the preceding conditions and was permitted by Section 4.07. If, at any time,
any Unrestricted Subsidiary would fail to meet the preceding requirements as an Unrestricted Subsidiary, it will thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture and any Indebtedness of such Subsidiary will 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 4.09, the Company will be in default of such covenant. 

“Voting Stock” of any Person as of any date means the Capital Stock of such Person (or, if such Person is a limited
partnership, such Person or its general partner, as applicable) that is at the time entitled (without regard to the occurrence of any contingency) to vote in the election of the Board of Directors of such Person (or, if such Person is a limited
partnership, its general partner). 
 “Weighted Average Life to Maturity” means, when applied to any Indebtedness or
preferred securities 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 or (with respect to preferred securities) redemption or similar payment, including payment at final maturity,
in respect of the Indebtedness or preferred securities, 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. 

  
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 Section 2.02 Other Definitions. 

 

			
	 Term
	  	 Defined in Section

	“Affiliate Transaction”	  	Section 4.11(a)
	“Asset Sale Offer”	  	Section 3.09
	“Calculation Date”	  	Section 2.01 under “Fixed Charge Coverage Ratio”
	“Change of Control Offer”	  	Section 4.15(a)
	“Change of Control Payment”	  	Section 4.15(a)
	“Change of Control Purchase Date”	  	Section 4.15(a)
	“Change of Control Settlement Date”	  	Section 4.15(a)
	“Covenant Defeasance”	  	Section 7.03
	“Event of Default”	  	Section 6.01(a)
	“Excess Proceeds”	  	Section 4.10(d)
	“Incremental Funds”	  	Section 4.07(a)
	“incur”	  	Section 4.09(a)
	“Legal Defeasance”	  	Section 7.02
	“Offer Amount”	  	Section 3.09
	“Offer Period”	  	Section 3.09
	“Payment Default”	  	Section 6.01(a)
	“Permitted Debt”	  	Section 4.09(b)
	“Restricted Payments”	  	Section 4.07(a)
	“Satisfaction and Discharge”	  	Section 10.01
	“Settlement Date”	  	Section 3.09
	“Special Mandatory Redemption”	  	Section 3.10
	“Special Mandatory Redemption Date”	  	Section 3.10
	“Special Mandatory Redemption Event”	  	Section 3.10
	“Special Mandatory Redemption Notice”	  	Section 3.10
	“Termination Date”	  	Section 3.09
	“Trailing Four Quarters”	  	Section 4.07(a)

 Section 2.03 Incorporation by Reference of Trust Indenture Act. Whenever this Supplemental
Indenture refers to a provision of the Trust Indenture Act, the provision is incorporated by reference in and made a part of this Supplemental Indenture. Any terms incorporated in this Supplemental Indenture that are defined by the Trust Indenture
Act, defined by Trust Indenture Act reference to another statute or defined by Commission rule under the Trust Indenture Act have the meanings so assigned to them. 

Section 2.04 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; 

  
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 (3) “or” is not exclusive; 

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

(5) the meanings of the words “will” and “shall” are the same when used to express an obligation; 

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

(8) when the words “includes” or “including” are used herein, they shall be deemed to be followed by the
words “without limitation.” 
 Article Three 

Redemption and Prepayment 

Article XI of the Base Indenture shall not apply to the Notes except as, and to the extent, described in this Article Three. 

Section 3.01 Notices to Trustee. 

If the Issuers elect to redeem Notes pursuant to the optional redemption provisions of Section 3.07 hereof, they shall furnish to
the Trustee, at least five Business Days (unless a shorter period shall be agreeable to the Trustee) before the date of giving notice of the redemption pursuant to Section 3.03, an Officers’ Certificate setting forth (i) the
clause of Section 3.07 pursuant to which the redemption shall occur, (ii) the redemption date, (iii) the principal amount of Notes to be redeemed, (iv) the redemption price, and (v) whether they request the Trustee to
give notice of such redemption. Any such notice may be cancelled at any time prior to the mailing of notice of such redemption to any Holder and shall thereby be void and of no effect. 

Section 3.02 Selection of Notes to Be Redeemed. 

(a) If less than all of the Notes are to be redeemed at any time, the Trustee shall select the Notes to be redeemed among the
Holders of the Notes as follows: (1) if the Notes are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange on which the Notes are listed; or (2) if the Notes are not
listed on any national securities exchange, on a pro rata basis. In the event of partial redemption other than on a pro rata basis, the particular Notes to be redeemed shall be selected, not less than three (3) Business Days (unless a shorter
period shall be agreeable to the Trustee) prior to the giving of notice of the redemption pursuant to Section 3.03, by the Trustee from the outstanding Notes not previously called for redemption. 

  
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 (b) The Trustee shall promptly notify the Issuers in writing of the Notes
selected for redemption and, in the case of any Note selected for partial redemption, the principal amount thereof to be redeemed. Notes and portions of Notes selected shall be in amounts of $2,000 or integral multiples of $1,000 in excess of
$2,000; except that if all of the Notes of a Holder are to be redeemed, the entire outstanding amount of Notes held by such Holder, even if not $2,000 or a multiple of $1,000, shall be redeemed. Provisions of this Supplemental Indenture that apply
to Notes called for redemption also apply to portions of Notes called for redemption. 
 (c) The provisions of clauses
(a) and (b) of this Section 3.02 shall not apply with respect to any redemption affecting only a Global Note, whether such Global Note is to be redeemed in whole or in part. In case of any such redemption in part, the
unredeemed portion of the principal amount of the Global Note shall be in an authorized denomination. 
 Section 3.03 Notice of
Redemption. 
 (a) At least 30 days but not more than 60 days before a redemption date, except that redemption notices
may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with a Legal Defeasance, Covenant Defeasance or Discharge, the Issuers shall mail or cause to be mailed, by first class mail, a notice of redemption to
each Holder whose Notes are to be redeemed at its registered address. In the case of redemption pursuant to Section 3.07(b), the redemption notice may, at the Company’s discretion, be subject to one or more conditions precedent and
be given prior to the completion of the related Equity Offering. 
 (b) The notice shall identify the Notes to be redeemed
and shall state: 
 (i) the redemption date; 

(ii) the redemption price or, if the redemption price is not then determinable, the manner in which it is to be determined;

 (iii) if any Note is being redeemed in part, the portion of the principal amount of such Note to be redeemed and that,
after the redemption date upon surrender of such Note, a new Note or Notes in a principal amount equal to the unredeemed portion shall be issued in the name of the Holder upon cancellation of the original Note; 

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

(v) that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price; 

(vi) that, unless the Issuers default in making such redemption payment, interest on Notes called for redemption shall cease
to accrue on and after the redemption date and the only remaining right of the Holders of such Notes is to receive payment of the redemption price upon surrender to the Paying Agent of the Notes redeemed; 

  
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 (vii) the paragraph of the Notes and/or Section of this Indenture pursuant to
which the Notes called for redemption are being redeemed; 
 (viii) that no representation is made as to the correctness or
accuracy of the CUSIP or ISIN number, if any, listed in such notice or printed on the Notes; and 
 (ix) any conditions
precedent to the redemption. 
 (c) If any of the Notes to be redeemed is in the form of a Global Note, then the Issuers
shall modify such notice to the extent necessary to accord with the procedures of the Depository applicable to redemption. 

(d) A notice of redemption with respect to any redemption pursuant Section 3.07(c) need not set forth the
Make-Whole Premium but only the manner of calculation thereof in reasonable detail. The Issuers will notify the Trustee of the Make-Whole Premium with respect to any such redemption promptly after the calculation, and the Trustee shall not be
responsible for such calculation. 
 (e) At the Issuers’ request, the Trustee shall give the notice of optional
redemption in the Issuers’ names and at their expense; provided, however, that the Issuers shall have delivered to the Trustee, as provided in Section 3.01, an Officers’ Certificate requesting that the Trustee
give such notice and setting forth the information to be stated in such notice as provided in Section 3.03(b). 

Section 3.04 Effect of Notice of Redemption. 

Once notice of redemption is mailed in accordance with Section 3.03 or Section 3.10(b) hereof, Notes called for
redemption become irrevocably due and payable on the redemption date at the redemption price. A notice of redemption may not be conditional, except that any redemption pursuant to Section 3.07(b) may, at the Issuers’ discretion, be
subject to the completion of the related Equity Offering. If mailed in the manner provided for in Section 3.03, the notice of redemption shall be conclusively presumed to have been given whether or not a Holder receives such notice.
Failure to give timely notice or any defect in the notice shall not affect the validity of the redemption. 
 Section 3.05 Deposit
of Redemption Price. 
 (a) Prior to 11:00 a.m., New York City time, on the redemption date, the Issuers shall deposit
with the Paying Agent (or, if the Company or a Subsidiary thereof is acting as its own Paying Agent, segregate and hold in trust as provided in Section 1003 of the Base Indenture) money sufficient in same day funds to pay the redemption price
of and accrued interest, if any, on all Notes to be redeemed on that date. The Paying Agent shall promptly return to the Issuers any money deposited with the Paying Agent by an Issuer in excess of the amounts necessary to pay the redemption price of
and accrued interest, if any, on all Notes to be redeemed. 
 (b) If the Issuers comply with the provisions of
Section 3.05(a), on and after the redemption date, interest shall cease to accrue on the Notes or the portions of Notes called for 

  
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redemption whether or not such Notes are presented for payment, and the only remaining right of the Holders of such Notes shall be to receive payment of the redemption price upon surrender to the
Paying Agent of the Notes redeemed. If any Note called for redemption shall not be so paid upon surrender for redemption because of the failure of an Issuer to comply with Section 3.05(a), interest shall be paid on the unpaid principal,
from the redemption date until such principal is paid, and to the extent lawful, on any interest not paid on such unpaid principal, in each case at the rate provided in the Notes and in Section 4.01 hereof. 

Section 3.06 Notes Redeemed in Part. 

Upon surrender of a Note that is redeemed in part, the Issuers shall issue in the name of the Holder and the Trustee shall authenticate for
the Holder at the expense of the Issuers a new Note equal in principal amount to the unredeemed portion of the Note surrendered. 

Section 3.07 Optional Redemption. 

(a) Except as set forth in clauses (b), (c) and (d) of this Section 3.07, the Issuers shall not have the
option to redeem the Notes pursuant to this Section 3.07 prior to August 1, 2018. On or after August 1, 2018, the Issuers shall have the option to redeem the Notes, in whole or in part at any time, at the redemption prices
(expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, to the applicable redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on an interest
payment date that is on or prior to the redemption date), if redeemed during the twelve-month period beginning on August 1 of the years indicated below: 
  

					
	 Year
	  	Percentage	 
	 2018
	  	 	103.3750	% 
	 2019
	  	 	101.6875	% 
	 2020 and thereafter
	  	 	100.0000	% 

 (b) Notwithstanding the provisions of clause (a) of this Section 3.07, at any
time prior to August 1, 2018, the Issuers may on any one or more occasions redeem up to 35% of the aggregate principal amount of Notes (including any Additional Notes) issued under this Indenture, upon not less than 30 nor more than 60
days’ notice, at a redemption price of 106.75% of the principal amount thereof, plus accrued and unpaid interest, if any, to the redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on
an interest payment date that is on or prior to the redemption date), in an amount not greater than the net cash proceeds of one or more Equity Offerings, provided that: 

(i) at least 65% of the aggregate principal amount of Notes (including any Additional Notes) issued under this Indenture
remains outstanding immediately after the occurrence of each such redemption (excluding any Notes held by the Company and its Subsidiaries); and 

(ii) each such redemption occurs within 120 days of the date of the closing of each such Equity Offering. 

  
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 (c) Prior to August 1, 2018, the Issuers may redeem all or part of the Notes
at a redemption price equal to the sum of: 
 (i) 100% of the principal amount thereof, plus 

(ii) accrued and unpaid interest, if any, to the redemption date (subject to the right of Holders of record on the relevant
record date to receive interest due on an interest payment date that is on or prior to the redemption date), plus 
 (iii)
the Make-Whole Premium at the redemption date. 
 (d) The Notes may also be redeemed, as a whole, following certain Change of
Control Offers, at the redemption price and subject to the conditions set forth in Section 4.15(h). 
 (e) Any
redemption pursuant to this Section 3.07 shall be made pursuant to the provisions of Section 3.01 through Section 3.06 hereof. 

Section 3.08 Mandatory Redemption. 

Except as set forth under Section 3.10, neither of the Issuers shall be required to make mandatory redemption or sinking fund
payments with respect to the Notes. 
 Section 3.09 Offer to Purchase by Application of Excess Proceeds. 

In the event that, pursuant to Section 4.10 hereof, the Company shall be required to commence an offer to all Holders to purchase
Notes (an “Asset Sale Offer”), it shall follow the procedures specified below. 
 The Asset Sale Offer shall remain open
for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by Applicable Law (the “Offer Period”). No later than five Business Days after the termination of the
Offer Period (the “Settlement Date”), the Company shall purchase and pay for the principal amount of Notes required to be purchased pursuant to Section 4.10 hereof (the “Offer Amount”) or, if less than
the Offer Amount has been validly tendered (and not validly withdrawn), all Notes validly tendered (and not validly withdrawn) in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the manner prescribed in the
Notes. 
 Upon the commencement of an Asset Sale Offer, the Company shall send, by first class mail, a notice to each of the Holders, with
a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the
terms of the Asset Sale Offer, shall state: 
 (a) that the Asset Sale Offer is being made pursuant to this
Section 3.09 and Section 4.10 hereof and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); 

  
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 (b) the Offer Amount and the purchase price; 

(c) that any Note not tendered or accepted for payment shall continue to accrue interest; 

(d) that, unless the Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer
shall cease to accrue interest after the Settlement Date; 
 (e) that Holders electing to have a Note purchased pursuant to
an Asset Sale Offer may only elect to have all of such Note purchased and may not elect to have only a portion of such Note purchased; 

(f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note,
with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, to the Company or a Paying Agent at the address specified in the notice, before the Termination Date; 

(g) that Holders shall be entitled to withdraw their election if the Company or the Paying Agent, as the case may be, receives,
prior to the Termination Date, a telegram, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase, and a statement that such Holder is withdrawing his election to
have such Note purchased; 
 (h) that, if the aggregate principal amount of Notes surrendered by Holders, and Pari Passu
Indebtedness surrendered by holders or lenders, collectively, exceeds the amount the Company is required to repurchase, the Trustee shall select the Notes and Pari Passu Indebtedness to be purchased on a pro rata basis (based on the principal
amounts of Notes and Pari Passu Indebtedness (or, in the case of Pari Passu Indebtedness issued with significant original issue discount, based on the accreted value thereof) tendered (with such adjustments as may be deemed appropriate by the
Trustee so that only Notes in denominations of $2,000, or integral multiples of $1,000 in excess of $2,000, shall be purchased)); and 

(i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased
portion of the Notes surrendered (or transferred by book-entry transfer). 
 If any of the Notes subject to an Asset Sale Offer is in the
form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the procedures of the Depository applicable to repurchases. 

Promptly after the Termination Date, the Company shall, to the extent lawful, accept for payment Notes or portions thereof tendered pursuant
to the Asset Sale Offer in the 

  
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aggregate principal amount required by Section 4.10 hereof, and prior to the Settlement Date it shall deliver to the Trustee an Officers’ Certificate stating that such Notes or
portions thereof were accepted for payment by the Company in accordance with the terms of this Section 3.09 and Section 4.10. Prior to 11:00 a.m., New York City time, on the Settlement Date, the Company or the Paying Agent,
as the case may be, shall mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Company for purchase, and the Company shall issue a new Note, and the Trustee shall
authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Company to the Holder thereof. The
Company shall publicly announce the results of the Asset Sale Offer on or before the Settlement Date. 
 Section 3.10 Special
Mandatory Redemption. 
 (a) In the event that the Enterprise Offshore Business Acquisition does not close on or prior to
December 31, 2015 or the Enterprise Offshore Business Acquisition Agreement is terminated prior to the closing of such acquisition (any such event being a “Special Mandatory Redemption Event”), the Issuers will redeem all of
the Notes (the “Special Mandatory Redemption”) at the Special Mandatory Redemption Price. 
 (b) Notice of
the occurrence of a Special Mandatory Redemption Event and that a Special Mandatory Redemption is to occur (the “Special Mandatory Redemption Notice”) shall be delivered to the Trustee and mailed by first class mail to the
registered address of each Holder of Notes and, in addition, electronically delivered according to the procedures of DTC, within five Business Days after the Special Mandatory Redemption Event. At the Issuers’ written request, the Trustee shall
give the Special Mandatory Redemption Notice in the Issuers’ names and at their expense; provided, however, that the Issuers shall have delivered to the Trustee an Officers’ Certificate requesting that the Trustee give such notice
and setting forth the information to be stated in such notice as provided in Section 3.03(b). On such date specified in the Special Mandatory Redemption Notice as shall be no more than five Business Days (or such other minimum period not
to exceed 30 days as may be required by DTC) after mailing the Special Mandatory Redemption Notice, the Special Mandatory Redemption shall occur (the date of such redemption, the “Special Mandatory Redemption Date”). 

(c) If funds sufficient to pay the Special Mandatory Redemption Price of all of the Notes to be redeemed on the Special
Mandatory Redemption Date are deposited with a paying agent or the Trustee on or before the Special Mandatory Redemption Date, then on and after such Special Mandatory Redemption Date, the Notes shall cease to bear interest and, other than the right
to receive the Special Mandatory Redemption Price, all rights under the Notes shall terminate. 
 (d) Prior to the Special
Mandatory Redemption or the consummation of the Enterprise Offshore Business Acquisition, the Company shall maintain the net proceeds from the offering of the Initial Notes on hand at all times (in cash or Cash Equivalents). However, Holders of
Notes will not have any special access or rights to or a Lien or encumbrance of any kind on the net proceeds to the Issuers from the offering of the Initial Notes. 

(e) Any redemption pursuant to this Section 3.10 shall be made pursuant to the provisions of Sections
3.03(b), 3.03(c), 3.04 and 3.05 hereof. 

  
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 Section 3.11 No Limit on Other Purchases. 

Nothing in this Indenture or the Notes shall prohibit or limit the right of the Company or any Affiliate of the Company from time to time to
repurchase the Notes at any price in open market purchases or negotiated transactions, by tender offer or otherwise without any notice to or consent by Holders. Any Notes purchased by the Company may, to the extent permitted by law, be held or
resold or may, at the Company’s option, be delivered to the Trustee for cancellation. Any Notes delivered to the Trustee for cancellation may not be reissued or resold and will promptly be cancelled. 

Article Four 
 Covenants

 Section 1001, Section 1002, Section 1004 and Section 1005 of the Base Indenture shall not apply to, and the
covenants therein shall be deemed included in this Supplemental Indenture solely for the benefit of a different series of Securities than, the Notes. 

Section 4.01 Payment of Notes. 

The Issuers shall pay or cause to be paid the principal of, and interest and premium, if any, on the Notes on the dates and in the manner
provided in the Notes. 
 Principal, interest and premium, if any, shall be considered paid on the date due if the Paying Agent, if other
than the Company or a Subsidiary thereof, holds as of 11:00 a.m., New York City time, on the due date money deposited by an Issuer or a Guarantor in immediately available funds and designated for and sufficient to pay all principal, interest and
premium, if any, then due. 
 The Issuers shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law)
on overdue principal at the rate equal to the interest rate on the Notes to the extent lawful; and they shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without
regard to any applicable grace period), at the same rate to the extent lawful. 
 Section 4.02 Maintenance of Office or Agency.

 The Issuers shall maintain an office or agency (which may be an office of the Trustee or an Affiliate of the Trustee) where Notes may be
presented or surrendered for payment and they shall maintain an office or agency in the United States (which may be an office of the Trustee or an Affiliate of the Trustee) where Notes may be surrendered for registration of transfer or for exchange
and where notices and demands to or upon the Issuers in respect of the Notes and this Indenture may be served. The Issuers shall give prompt written notice to the 

  
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Trustee of the location, and any change in the location, of such office or agency. If at any time the Issuers shall fail to maintain any such required office or agency or shall fail to furnish
the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee. 

The Issuers may also from time to time designate one or more other offices or agencies where the Notes may be presented or surrendered for
any or all such purposes and may from time to time rescind such designations. Further, if at any time there shall be no such office or agency where the Notes may be presented or surrendered for payment, the Issuers shall forthwith designate and
maintain such an office or agency. The Issuers shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 

The Issuers hereby designate the Corporate Trust Office of the Trustee as one such office or agency of the Company. In addition, Notes may be
presented or surrendered for registration of transfer or for exchange, and notices and demands to or upon the Issuers in respect of the Notes and this Indenture may be served, at the Corporate Trust Office of the Trustee. 

Section 4.03 Reports. 

(a) Whether or not required by the Commission, so long as any Notes are outstanding, the Company will file with the Commission
for public availability within the time periods specified in the Commission’s rules and regulations (unless the Commission will not accept such a filing), and, if the Commission will not accept such a filing, the Company will furnish to the
Trustee and, upon its prior request, to any of the Holders or Beneficial Owners of Notes (by hard copy or internet access), within five Business Days of the date such filing would otherwise be required to be made with the Commission: 

(i) quarterly and annual financial and other information with respect to the Company and its Subsidiaries that would be
required to be contained in a filing with the Commission on Forms 10-Q and 10-K if the Company were required to file such Forms, prepared in all material respects in accordance with the rules and regulations applicable to such Forms and, with
respect to the annual information only, a report thereon that would be required to be contained in a Form 10-K by the Company’s certified independent accountants; and 

(ii) all current reports that would be required to be filed with the Commission on Form 8-K if the Company were required to
file such reports. 
 The Company shall at all times comply with Trust Indenture Act § 314(a). 

(b) If the Company has designated any of its Subsidiaries as Unrestricted Subsidiaries (other than Unrestricted Subsidiaries
that, when taken together with all other Unrestricted Subsidiaries, are “minor” within the meaning of Rule 3-10 of Regulation S-X, substituting 5% for 3% where applicable), then the quarterly
and annual financial information required by Section 4.03(a)(i) shall include a reasonably detailed presentation, either on the face of the financial statements or in the footnotes to the financial statements or 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. 

  
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 (c) Delivery of reports, information and documents to the Trustee under this
Section is for informational purposes only and the Trustee’s receipt of the foregoing shall not constitute constructive notice of any information contained therein or determinable from information contained therein. 

(d) The Company will be deemed to have furnished to the Holders and Beneficial Owners of Notes and securities analysts and
prospective investors the reports referred to in clauses (i) and (ii) of Section 4.03(a) if the Company has posted such reports or information on the Company Website and issued a press release in respect thereof. For purposes
of this Section 4.03, the term “Company Website” means the collection of web pages that may be accessed on the World Wide Web using the URL address http://www.genesisenergy.com or such other address as the Company
may from time to time designate in writing to the Trustee. 
 Section 4.04 Compliance Certificate. 

(a) The Issuers shall deliver to the Trustee, within 90 days after the end of each fiscal year ending after December 31,
2015, an Officers’ Certificate stating that a review of the activities of the Company and its Restricted Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officers with a view to determining
whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to each such Officer signing such certificate, that to the best of his or her knowledge the Company has kept, observed,
performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions of this Indenture (or, if a Default or Event of Default shall have
occurred, describing all such Defaults or Events of Default of which he or she may have knowledge and what action the Company is taking or proposes to take with respect thereto). 

(b) The Issuers shall, so long as any of the Notes are outstanding, deliver to the Trustee, forthwith upon any Officer of the
Company or Finance Corp. becoming aware of any Default or Event of Default, a statement specifying such Default or Event of Default. 

Section 4.05 Taxes. 

The Company shall pay, and shall cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments, and
governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders of the Notes. 

Section 4.06 Stay, Extension and Usury Laws. 

Each of the Issuers and each of the Guarantors covenants (to the extent that it may lawfully do so) that it shall 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 

  
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any time hereafter in force, that may affect the covenants or the performance of this Indenture; and each Issuer (to the extent that it may lawfully do so) hereby expressly waives all benefit or
advantage of any such law, and covenants that it shall not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but shall suffer and permit the execution of every such power as though no such
law has been enacted. 
 Section 4.07 Limitation on 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 any payment 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 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 held by any Person (other than a Restricted Subsidiary) other than through the exchange therefor solely of Equity Interests
(other than Disqualified Stock) of the Company; 
 (3) make any payment on or with respect to, or purchase, redeem, defease
or otherwise acquire or retire for value before twelve months prior to any scheduled final maturity, scheduled repayment or scheduled sinking fund payment any Indebtedness that is subordinated in right of payment to the Notes or the Subsidiary
Guarantees (excluding any intercompany Indebtedness between or among the Company and any of its Restricted Subsidiaries), except a payment of interest or principal at the Stated Maturity thereof (other than a purchase, redemption or other
acquisition or retirement for value of any such subordinated Indebtedness that is so purchased, redeemed or otherwise acquired or retired for value in anticipation of satisfying a sinking fund obligation, principal installment or payment at final
maturity, in each case due within 120 days of the date of such purchase, redemption or other acquisition or retirement for value); or 

(4) make any Restricted Investment, 

(all such payments and other actions set forth in these clauses (1) through (4) above being collectively referred to as “Restricted
Payments”), unless, at the time of and after giving effect to such Restricted Payment, no Default (except a Reporting Default) or Event of Default has occurred and is continuing or would occur as a consequence of such Restricted Payment and
either: 
 (i) if the Fixed Charge Coverage Ratio for the Company’s most recently ended four full fiscal quarters for
which internal financial statements are available at 

  
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the time of such Restricted Payment (the “Trailing Four Quarters”) is not less than 1.75 to 1.0, such Restricted Payment, together with (without duplication of amounts included
in clause (e) below) the aggregate amount of all other Restricted Payments made by the Company and its Restricted Subsidiaries (excluding Restricted Payments permitted by clauses (2), (3), (4), (5), (6), (8), (9), (10), (11) and
(14) of the next succeeding paragraph) with respect to the quarter for which such Restricted Payment is made, is less than the sum, without duplication, of: 

(a) Available Cash with respect to the Company’s preceding fiscal quarter, plus 

(b) 100% of the aggregate net cash proceeds received by the Company (including the fair market value of any Permitted Business
or long-term assets that are used or useful in a Permitted Business to the extent acquired in consideration of Equity Interests of the Company (other than Disqualified Stock)) after the Measuring Date as a contribution to its common equity capital
or from the issue or sale of Equity Interests of the Company (other than Disqualified Stock) or from the issue or sale of convertible or exchangeable Disqualified Stock or convertible or exchangeable debt securities of the Company that have been
converted into or exchanged for such Equity Interests (other than Equity Interests (or Disqualified Stock or debt securities) sold to a Restricted Subsidiary of the Company), plus 

(c) to the extent that any Restricted Investment that was made after the Measuring Date is sold for cash or otherwise
liquidated or repaid for cash, the cash return of capital with respect to such Restricted Investment (less the cost of disposition, if any), plus 

(d) the net reduction in Restricted Investments resulting from dividends, repayments of loans or advances, or other transfers
of assets in each case to the Company or any of its Restricted Subsidiaries from any Person (including Unrestricted Subsidiaries) or from redesignations of Unrestricted Subsidiaries as Restricted Subsidiaries, to the extent such amounts have not
been included in Available Cash for any period commencing on or after the Measuring Date (items (b), (c) and (d) being referred to as “Incremental Funds”), minus 

(e) the aggregate amount of Incremental Funds previously expended pursuant to this clause (i) and clause (ii) below;
or 
 (ii) if the Fixed Charge Coverage Ratio for the Trailing Four Quarters is less than 1.75 to 1.0, such Restricted
Payment, together with (without duplication of amounts included in (a) or (b) below) the aggregate amount of all other Restricted Payments made by the Company and its Restricted Subsidiaries (excluding Restricted Payments permitted by
clauses (2), (3), (4), (5), (6), (8), (9), (10), (11) and (14) of the next succeeding paragraph) with respect to the quarter for which such Restricted Payment is made (such Restricted Payments for purposes of this clause (ii) meaning

  
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only distributions on the Company’s common units, subordinated units, or incentive distribution rights, plus the related distribution on the general partner interest), is less than the sum,
without duplication, of: 
 (a) $80.0 million less the aggregate amount of all prior Restricted Payments made by the Company
and its Restricted Subsidiaries pursuant to this clause (ii)(a) since the Issue Date, plus 
 (b) Incremental Funds to the
extent not previously expended pursuant to this clause (ii) or clause (i) above. 
 (b) So long as no Default
(except a Reporting Default) or Event of Default has occurred and is continuing or would be caused thereby (except with respect to clauses (1), (2), (3), (4), (7), (8), (10), (11), (12) and (13) below under which the Restricted Payment is
permitted), the preceding provisions will not prohibit: 
 (1) the payment of any dividend or distribution within 60 days
after the date of its declaration, if at the date of declaration the payment would have complied with the provisions of this Indenture; 

(2) the purchase, redemption, defeasance or other acquisition or retirement of any Indebtedness of the Company or any Guarantor
that is subordinate in right of payment to the Notes or such Guarantor’s Subsidiary Guarantee thereof or of any Equity Interests of the Company or any Restricted Subsidiary in exchange for, or out of the net cash proceeds of the substantially
concurrent (a) contribution (other than from a Restricted Subsidiary of the Company) to the equity capital of the Company in respect of or (b) sale (other than to a Restricted Subsidiary of the Company) of, Equity Interests of the Company
(other than Disqualified Stock), with a sale being deemed substantially concurrent if such redemption, repurchase, retirement, defeasance or other acquisition occurs not more than 120 days after such sale; provided, however, that the
amount of any such net cash proceeds that are utilized for any such redemption, repurchase, retirement, defeasance or other acquisition will be excluded (or deducted, if included) from the calculation of Available Cash and Incremental Funds; 

(3) the purchase, redemption, defeasance or other acquisition or retirement of Indebtedness of the Company or any Guarantor
that is subordinate in right of payment to the Notes or such Guarantor’s Subsidiary Guarantee thereof or Disqualified Stock of the Company or any Guarantor with the net cash proceeds from an incurrence of, or in exchange for, Permitted
Refinancing Indebtedness; 
 (4) the payment of any dividend or distribution by a Restricted Subsidiary of the Company to the
holders of its Equity Interests on a pro rata basis; 
 (5) the purchase, redemption or other acquisition or retirement for
value of any Equity Interests of the Company or any Restricted Subsidiary of the Company pursuant to any director or employee equity subscription agreement or equity option agreement or other employee benefit plan or to satisfy obligations under any
Equity Interests appreciation rights or option plan or similar arrangement; provided, however, 

  
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that the aggregate price paid for all such purchased, redeemed, acquired or retired Equity Interests may not exceed $5.0 million in any calendar year plus (A) the cash proceeds
received during such calendar year by the Company or any of its Restricted Subsidiaries from the sale of the Equity Interests of the Company (other than Disqualified Stock) to any such directors or employees (provided that the amount of such
cash proceeds utilized for any such purchase, redemption or other acquisition or retirement for value will not increase the amount of Incremental Funds under clause (i)(b) of Section 4.07(a)) plus (B) the cash proceeds of key
man life insurance policies received during such calendar year by the Company and its Restricted Subsidiaries; 
 (6) the
purchase, redemption or other acquisition or retirement for value of Indebtedness that is subordinated or junior in right of payment to the Notes or a Subsidiary Guarantee at a purchase price not greater than (i) 101% of the principal amount of
such subordinated or junior Indebtedness and accrued and unpaid interest thereon in the event of a Change of Control or (ii) 100% of the principal amount of such subordinated or junior Indebtedness and accrued and unpaid interest thereon in the
event of an Asset Sale, in each case plus accrued interest, in connection with any Change of Control Offer or Asset Sale Offer required by the terms of such Indebtedness, but only if: 

(a) in the case of a Change of Control, the Company has first complied with and fully satisfied its obligations under
Section 4.15; or 
 (b) in the case of an Asset Sale, the Company has complied with and fully satisfied its
obligations in accordance with Section 4.10; 
 (7) the purchase, redemption or other acquisition or retirement
for value of Equity Interests of the Company or any Restricted Subsidiary representing fractional shares of such Equity Interests in connection with a merger or consolidation involving the Company or Restricted Subsidiary or any other transaction
permitted by this Indenture; 
 (8) the purchase, redemption or other acquisition or retirement for value of Equity Interests
deemed to occur upon the exercise or conversion of stock options, warrants or other convertible securities if such Equity Interests represents a portion of the exercise or conversion price thereof; 

(9) the declaration and payment of regularly scheduled or accrued dividends to holders of any class or series of Disqualified
Stock of the Company or any preferred securities of any Restricted Subsidiary of the Company issued on or after the Issue Date in accordance with the Fixed Charge Coverage Ratio test described in Section 4.09; 

(10) the payment of any dividend or any similar distribution by a Restricted Subsidiary to the holders (other than the Company
or any Restricted Subsidiary) of Equity Interests (other than Disqualified Stock) of such Restricted Subsidiary; provided that such dividend or similar distribution is paid to all holders of such Equity Interests (including, to the extent
holding such Equity Interests, the Company and its Restricted Subsidiaries) on a pro rata basis based on their respective holdings of such Equity Interests; 

  
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 (11) the purchase, redemption or other acquisition or retirement for value of any
Equity Interests of the Company or any Restricted Subsidiary held by any current or former officers, directors or employees of the Company or any of its Restricted Subsidiaries in connection with the exercise or vesting of any equity compensation
(including stock options, restricted stock and phantom stock) in order to satisfy any tax withholding obligation with respect to such exercise or vesting; 

(12) any payments to dissenting equityholders not to exceed $5.0 million in the aggregate after the Issue Date
(x) pursuant to applicable law or (y) in connection with the settlement or other satisfaction of 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; 
 (13) any redemption of share purchase rights at a redemption price not to exceed $0.01 per
right; 
 (14) the purchase, redemption or other acquisition or retirement for value of any Acquired Debt of the Company or
any Guarantor that is subordinated or junior in right of payment to the Notes or such Guarantor’s Subsidiary Guarantee, as the case may be, by application of (i) cash provided from operations in the ordinary course of business or
(ii) proceeds from borrowings under the revolving portion of a Credit Facility (so long as within 30 days prior to such purchase, redemption or other acquisition or retirement for value, a corresponding amount of borrowings under the revolving
portion of a Credit Facility was repaid from cash provided from operations in the ordinary course of business); provided, in any such case, that the Company is able to incur an additional $1.00 of Indebtedness pursuant to the first paragraph
of Section 4.09 after giving effect to such purchase or redemption; provided further that this clause (14) shall not permit the application of any proceeds from any other borrowings under any Credit Facility to effect any
such purchase, redemption or other acquisition or retirement for value; or 
 (15) any other Restricted Payments not
otherwise permitted pursuant to this Section 4.07 in an aggregate outstanding amount not to exceed $10.0 million. 

(c) The amount of all Restricted Payments (other than cash) will be the fair market value on the date of the Restricted Payment
of the Restricted Investment proposed to be made or 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
Restricted Investment, assets or securities that are required to be valued by this Section 4.07 shall be determined, in the case of amounts under $30.0 million, by an officer of the General Partner and, in the case of amounts over $30.0
million, by the Board of Directors of the Company, whose determination shall be evidenced by a Board Resolution. In determining the aggregate net cash proceeds or fair market value of property other than cash received by the Company from the
issuance and sale of Equity Interests of the Company (other than Disqualified Stock) in accordance with clause (i)(b) of Section 4.07(a), amounts of cash received by the Company pursuant to clause (2) of Section 4.07(b)
or clause (5) of the definition of “Permitted Investments” shall be excluded from such calculation. For purposes of determining compliance with this Section 4.07, (x) in the event that a Restricted

  
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Payment meets the criteria of more than one of the exceptions described in (1) through (15) of Section 4.07(b) or is entitled to be made pursuant to
Section 4.07(a), the Company shall be permitted, in its sole discretion, to classify such Restricted Payment, or later classify, reclassify or re-divide all or a portion of such Restricted Payment, in any manner that complies with this
Section 4.07; and (y) in the event a Restricted Payment is made pursuant to clause (i) or (ii) of Section 4.07(a), the Company will be permitted to classify whether all or any portion thereof is being (and in
the absence of such classification shall be deemed to have classified the minimum amount possible as having been) made with Incremental Funds. Not later than the date of making any Restricted Payment (excluding any Restricted Payment described in
clauses (2) through (15) of Section 4.07(b)), the Company will deliver to the Trustee an Officers’ Certificate stating that such Restricted Payment is permitted and setting forth the basis upon which the calculations
required by this Section 4.07 were computed. 
 Section 4.08 Limitation on 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: 

(i) pay dividends or make any other distributions on its Capital Stock to the Company or any of its Restricted Subsidiaries,
or pay any Indebtedness or other obligations owed to the Company or any of its Restricted Subsidiaries; 
 (ii) make loans
or advances to the Company or any of its Restricted Subsidiaries; or 
 (iii) transfer any of its properties or assets to
the Company or any of its Restricted Subsidiaries. 
 (b) However, the preceding restrictions of Section 4.08(a)
will not apply to encumbrances or restrictions existing under or by reason of: 
 (i) agreements (including the Credit
Agreement) as in effect on the Issue Date and any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of those agreements or the Indebtedness to which they relate, provided that
the amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are no more restrictive, taken as a whole, with respect to such dividend, distribution and other payment and transfer
restrictions than those contained in those agreements on the Issue Date; 
 (ii) this Indenture, the Notes and the
Subsidiary Guarantees; 
 (iii) Applicable Law; 

(iv) any instrument of a Person acquired by the Company or any of its Restricted Subsidiaries as in effect at the time of such
acquisition, which 

  
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encumbrance or restriction is not applicable to any 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 any instrument governing Indebtedness, such Indebtedness was otherwise permitted by the terms of this Indenture to be incurred; 

(v) customary non-assignment provisions in Hydrocarbon purchase and sale or exchange agreements or similar operational
agreements or in licenses or leases, in each case entered into in the ordinary course of business and consistent with past practices; 

(vi) Capital Lease Obligations, mortgage financings or purchase money obligations, in each case for property acquired in the
ordinary course of business that impose restrictions on that property of the nature described in clause (iii) of Section 4.08(a); 

(vii) any agreement for the sale or other disposition of all or substantially all the Capital Stock or assets of a Restricted
Subsidiary of the Company as to restrictions on distributions by that Restricted Subsidiary pending its sale or other disposition or other customary restrictions pursuant thereto; 

(viii) Permitted Refinancing Indebtedness, provided that the restrictions contained in the agreements governing such
Permitted Refinancing Indebtedness are no more restrictive, taken as a whole, than those contained in the agreements governing the Indebtedness being Refinanced; 

(ix) Liens securing Indebtedness otherwise permitted to be incurred under the provisions of Section 4.12 that
limit the right of the debtor to dispose of the assets subject to such Liens; 
 (x) customary provisions with respect to
the disposition or distribution of assets or property in joint venture agreements, asset sale agreements, stock sale agreements and other similar agreements or other customary provisions; 

(xi) any agreement or instrument relating to any property or assets acquired after the Issue Date, so long as such encumbrance
or restriction relates only to the property or assets so acquired and is not and was not created in anticipation of such acquisitions; 

(xii) restrictions on cash, Cash Equivalents or other deposits or net worth imposed by customers under contracts entered into
in the ordinary course of business; 
 (xiii) any other agreement governing Indebtedness or Disqualified Stock or preferred
securities of the Company or any Guarantor that is permitted to be incurred or issued by Section 4.09; provided, however, that such encumbrances or restrictions are not materially more restrictive, taken as a whole, than
those contained in this Indenture or the Credit Agreement as it exists on the Issue Date; 

  
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 (xiv) encumbrances and restrictions contained in contracts entered into in the
ordinary course of business not relating to any Indebtedness and that do not, individually or in the aggregate, detract from the value of, or from the ability of the Company and the Restricted Subsidiaries to realize the value of, property or assets
of the Company or any Restricted Subsidiary in any manner material to the Company or any Restricted Subsidiary; and 
 (xv)
Hedging Contracts permitted from time to time under this Indenture. 
 Section 4.09 Limitation on Incurrence of Indebtedness and
Issuance of Preferred Stock. 
 (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), the
Company will not, and will not permit any of its Restricted Subsidiaries to, issue any Disqualified Stock, and the Company will not permit any of its Restricted Subsidiaries to issue any preferred securities; provided, however, that
the Company and any of the Restricted Subsidiaries may incur Indebtedness (including Acquired Debt) or issue Disqualified Stock or preferred securities, if, 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 or such Disqualified Stock or preferred securities are issued, the Fixed Charge Coverage Ratio would have been at least 2.0 to 1.0,
determined on a pro forma basis (including a pro forma application of the net proceeds therefrom), as if the additional Indebtedness had been incurred or Disqualified Stock or preferred securities had been issued, as the case may be, at the
beginning of such four-quarter period. 
 (b) Section 4.09(a) will not prohibit the incurrence or issuance of any
of the following items of Indebtedness or Disqualified Stock or preferred securities (collectively, “Permitted Debt”) described below: 

(i) the incurrence by the Company or any of its Restricted Subsidiaries of additional Indebtedness (including letters of
credit) under one or more Credit Facilities, provided that, after giving effect to any such incurrence, the aggregate principal amount of all Indebtedness incurred under this clause (i) (with letters of credit being deemed to have a
principal amount equal to the maximum potential liability of the Company and its Subsidiaries thereunder) and then outstanding does not exceed the greater of (a) $1.0 billion or (b) $725.0 million plus 20.0% of the Company’s
Consolidated Net Tangible Assets as of the date of incurrence; 
 (ii) the incurrence by the Company or its Restricted
Subsidiaries of the Existing Indebtedness; 
 (iii) the incurrence by the Company and the Guarantors of Indebtedness
represented by the Initial Notes and the related Subsidiary Guarantees issued on the Issue Date; 

  
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 (iv) the incurrence by the Company or any of its Restricted Subsidiaries of
Indebtedness represented by Capital Lease Obligations, mortgage financings or purchase money obligations, in each case, incurred for the purpose of financing all or any part of the purchase price or cost of construction or improvement of property,
plant or equipment used in the business of the Company or such Restricted Subsidiary, including all Permitted Refinancing Indebtedness incurred to extend, refinance, renew, replace, defease or refund any Indebtedness incurred pursuant to this clause
(iv), provided that after giving effect to any such incurrence, the principal amount of all Indebtedness incurred pursuant to this clause (iv) and then outstanding does not exceed the greater of (a) $25.0 million or (b) 2.5% of
the Company’s Consolidated Net Tangible Assets as of the date of incurrence; 
 (v) the incurrence or issuance by the
Company or any of its Restricted Subsidiaries of Permitted Refinancing Indebtedness in exchange for, or the net proceeds of which are used to, extend, refinance, renew, replace, defease or refund Indebtedness or Disqualified Stock that was permitted
by this Indenture to be incurred under Section 4.09(a) or clause (ii), (iii), (xiii) or (xvi) of this Section 4.09(b) or this clause (v); 

(vi) 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) if the Company is the obligor
on such Indebtedness and a Guarantor is not the obligee, such Indebtedness must be expressly subordinated to the prior payment in full in cash of all Obligations with respect to the Notes, or if a Guarantor is the obligor on such Indebtedness and
neither the Company nor another Guarantor is the obligee, such Indebtedness must be expressly subordinated to the prior payment in full in cash of all Obligations with respect to the Subsidiary Guarantee of such Guarantor; 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 of the Company and (ii) any sale or other transfer of any such Indebtedness to a Person that is neither the Company nor a Restricted Subsidiary of the Company will be deemed, in each case, to
constitute an incurrence (as of the date of such issuance or transfer) of such Indebtedness by the Company or such Restricted Subsidiary, as the case may be, that was not permitted by this clause (vi); 

(vii) the incurrence by the Company or any of its Restricted Subsidiaries of obligations under Hedging Contracts in the
ordinary course of business and not for speculative purposes; 
 (viii) the guarantee by the Company or any of its
Restricted Subsidiaries of Indebtedness of the Company or any of its Restricted Subsidiaries that was permitted to be incurred by another provision of this Section 4.09; 

  
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 (ix) the incurrence by the Company or any of its Restricted Subsidiaries of
obligations relating to net Hydrocarbon balancing positions arising in the ordinary course of business and consistent with past practice; 

(x) the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness in respect of self-insurance, bid,
performance, surety and similar bonds issued for the account of the Company and any of its Restricted Subsidiaries in the ordinary course of business, including guarantees and obligations of the Company or any of its Restricted Subsidiaries with
respect to letters of credit supporting such obligations (in each case other than an obligation for money borrowed); 
 (xi)
the issuance by (x) any of the Company’s Restricted Subsidiaries to the Company or to any of its Restricted Subsidiaries of any Disqualified Stock or preferred securities or (y) the Company or any of its Restricted Subsidiaries of any
Disqualified Stock; provided, however, that, in the case of (x) or (y): 
 (a) any subsequent issuance or
transfer of Equity Interests that results in any such Disqualified Stock or preferred securities being held by a Person other than the Company or a Restricted Subsidiary of the Company; and 

(b) any sale or other transfer of any such Disqualified Stock or preferred securities to a Person that is not either the
Company or a Restricted Subsidiary of the Company 
 shall be deemed, in each case, to constitute an issuance of such Disqualified Stock or
preferred securities by such Restricted Subsidiary or the Company, as applicable, that was not permitted by this clause (xi); 

(xii) the incurrence by the Company or any of its Restricted Subsidiaries of liability in respect of the Indebtedness of any
Unrestricted Subsidiary of the Company or any Joint Venture but only to the extent that such liability is the result of the Company’s or any such Restricted Subsidiary’s being a general partner of such Unrestricted Subsidiary or Joint
Venture and not as guarantor of such Indebtedness and provided that, after giving effect to any such incurrence, the aggregate principal amount of all Indebtedness incurred under this clause (xii) and then outstanding does not exceed
$25.0 million; 
 (xiii) the incurrence by the Company or any of its Restricted Subsidiaries of Acquired Debt in connection
with a merger or consolidation satisfying either one of the financial tests set forth in Section 5.01(a)(iv); 

(xiv) the incurrence of Indebtedness of the Company or any of its Restricted Subsidiaries arising from the honoring by a bank
or other financial institution of a check, draft or similar instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business; provided, however, that such
Indebtedness is extinguished within five Business Days of incurrence; 

  
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 (xv) the incurrence of Indebtedness or the issuance of Disqualified Stock or
preferred securities of any of the Company and the Restricted Subsidiaries to the extent the net proceeds thereof are concurrently (a) used to redeem all of the outstanding Notes or (b) deposited to effect Covenant Defeasance or Legal
Defeasance or satisfy and discharge this Indenture as described in Article Seven and Article Ten; 
 (xvi) the
incurrence of Indebtedness of the Company or any of its Restricted Subsidiaries consisting of the financing of insurance premiums in customary amounts consistent with the operations and business of the Company and the Restricted Subsidiaries; and

 (xvii) the incurrence by the Company or any of its Restricted Subsidiaries of additional Indebtedness or the issuance by
the Company or any of its Restricted Subsidiaries of Disqualified Stock; provided that, after giving effect to any such incurrence or issuance, the aggregate principal amount of all Indebtedness incurred and Disqualified Stock issued under
this clause (xvii) and then outstanding does not exceed the greater of (a) $50.0 million or (b) 5.0% of the Company’s Consolidated Net Tangible Assets as of the date of incurrence or issuance. 

For purposes of determining compliance with this Section 4.09, in the event that an item of Indebtedness or Disqualified Stock or
preferred securities (including Acquired Debt) meets the criteria of more than one of the categories of Permitted Debt described in clauses (i) through (xvii) above, or is entitled to be incurred pursuant to Section 4.09(a),
the Company will be permitted to classify (or later classify or reclassify in whole or in part in its sole discretion) such item of Indebtedness or Disqualified Stock or preferred securities in any manner (including by dividing and classifying such
item of Indebtedness or Disqualified Stock or preferred securities in more than one type of Indebtedness or Disqualified Stock or preferred securities permitted under such covenant) that complies with this Section 4.09. The dollar
equivalent principal amount of any Indebtedness denominated in a foreign currency and incurred pursuant to any dollar-denominated restriction on the incurrence of Indebtedness shall be calculated based on the relevant exchange rates in effect at the
time of incurrence. Any Indebtedness under Credit Facilities on the Issue Date shall be considered incurred under Section 4.09(a), subject to any subsequent classification or reclassification permitted pursuant to this paragraph. 

The accrual of interest, the accretion or amortization of original issue discount, the accretion of principal with respect to a non-interest
bearing or other discount security, the payment of interest on any Indebtedness in the form of additional Indebtedness with the same terms, and the payment of dividends on Disqualified Stock or preferred securities in the form of additional shares
of the same class of Disqualified Stock or preferred securities will not be deemed to be an incurrence of Indebtedness or an issuance of Disqualified Stock or preferred securities for purposes of this Section 4.09, provided, in
each such case, that the amount thereof is included in Fixed Charges of the Company as accrued (adjusted, in the case of dividends, by the fraction specified in clause (4)(b) of the definition of “Fixed Charges”). For purposes of this
Section 4.09, (i) the accrual of an obligation to pay a premium in respect of Indebtedness or Disqualified Stock or preferred securities arising in connection with the issuance of a notice of redemption or making of a mandatory
offer to purchase such Indebtedness or Disqualified Stock 

  
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or preferred securities and (ii) unrealized losses or charges in respect of Hedging Contracts (including those resulting from the application of SFAS 133) will, in case of clause (i) or
(ii), not be deemed to be an incurrence of Indebtedness or issuance of Disqualified Stock or preferred securities. Further, the accounting reclassification of any obligation or Disqualified Stock or preferred securities of the Company or any of its
Restricted Subsidiaries as Indebtedness or Disqualified Stock or preferred securities will not be deemed an incurrence of Indebtedness or issuance of Disqualified Stock or preferred securities for purposes of this Section 4.09. 

For purposes of determining any particular amount of Indebtedness under this Section 4.09, (i) guarantees of, or obligations
in respect of letters of credit relating to, Indebtedness otherwise included in the determination of such amount shall not also be included and (ii) if obligations in respect of letters of credit are incurred pursuant to a Credit Facility and
are being treated as incurred pursuant to clause (i) of the definition of “Permitted Debt” and the letters of credit relate to other Indebtedness, then such other Indebtedness shall not be included. 

Section 4.10 Limitation on Asset Sales. 

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

(i) the Company (or a Restricted Subsidiary, as the case may be) receives consideration at the time of the Asset Sale at least
equal to the fair market value of the assets or Equity Interests issued or sold or otherwise disposed of; 
 (ii) the fair
market value is determined by (a) an executive officer of the General Partner if the value is less than $30.0 million and evidenced by an Officers’ Certificate delivered to the Trustee, or (b) the Company’s Board of Directors if
the value is $30.0 million or more and evidenced by a resolution of such Board of Directors set forth in an Officers’ Certificate delivered to the Trustee; and 

(iii) at least 75% of the aggregate consideration received by the Company and its Restricted Subsidiaries in the Asset Sale
and all other Asset Sales since the Issue Date is in the form of cash. For purposes of this provision, each of the following will be deemed to be cash: 

(a) any liabilities, as shown on the Company’s or any Restricted Subsidiary’s most recent balance sheet, of the
Company or such Restricted Subsidiary (other than contingent liabilities and liabilities that are by their terms subordinated to the Notes or any Subsidiary Guarantee) that are assumed by the transferee of any such assets pursuant to a customary
novation agreement that releases the Company or such Restricted Subsidiary from further liability (or in lieu of such a release, the agreement of the acquiror or its parent company to indemnify and hold the Company or such Restricted Subsidiary
harmless from and against any loss, liability or cost in respect of such assumed Indebtedness or liabilities accompanied by the posting of a letter of credit (issued by a commercial bank that has an Investment Grade Rating) in favor of the Company
or such Restricted Subsidiary for the full amount of the liability and for so long 

  
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as the liability remains outstanding; provided, however, that such indemnifying party (or its long term debt securities) shall have an Investment Grade Rating (with no indication of
a negative outlook or credit watch with negative implications, in any case, that contemplates such indemnifying party (or its long term debt securities) failing to have an Investment Grade Rating) at the time the indemnity is entered into); 

(b) any securities, notes or other obligations received by the Company or any Restricted Subsidiary from such transferee that
are, within 180 days after the Asset Sale, converted by the Company or such Subsidiary into cash, to the extent of the cash received in that conversion; and 

(c) any stock or assets of the kind referred to in clause (ii), (iii) or (v) of Section 4.10(b).

 (b) Within 360 days after the receipt of any Net Proceeds from an Asset Sale, the Company or any Restricted Subsidiary may
apply those Net Proceeds at its option to any combination of the following: 
 (i) to repay Senior Debt; 

(ii) to acquire all or substantially all of the properties or assets of a Person primarily engaged in a Permitted Business;

 (iii) to acquire a majority of the Voting Stock of a Person primarily engaged in a Permitted Business; 

(iv) to make capital expenditures; or 

(v) to acquire other long-term assets that are used or useful in a Permitted Business. 

(c) The acquisition of stock or assets, or making of a capital expenditure, pursuant to clauses (ii), (iii), (iv) or
(v) of Section 4.10(b) shall be deemed to be satisfied if an agreement (including a lease, whether a capital lease or an operating lease) committing to make the acquisitions or expenditure referred to therein is entered into by the
Company or any Restricted Subsidiary with a Person other than an Affiliate of the Company within the time period specified in Section 4.10(b) and such Net Proceeds are subsequently applied in accordance with such agreement within six
months following the date such agreement is entered into. 
 (d) Pending the final application of any Net Proceeds, the
Company or any Restricted Subsidiary may invest the Net Proceeds in any manner that is not prohibited by this Supplemental Indenture and the Base Indenture (as it relates to the Notes). Any Net Proceeds from Asset Sales that are not applied or
invested as provided in the preceding paragraph will constitute “Excess Proceeds.” 

  
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 (e) On the 361st day after the Asset Sale (or, at the Company’s option, any
earlier date), if the aggregate amount of Excess Proceeds then exceeds $25.0 million, the Company will make an Asset Sale Offer to all Holders of Notes, and to all holders of Pari Passu Indebtedness then outstanding, to purchase the maximum
principal amount of Notes and such Pari Passu Indebtedness that may be purchased out of the Excess Proceeds. The offer price in any Asset Sale Offer will be equal to 100% of the principal amount plus accrued and unpaid interest, if any, to the
Settlement Date, subject to the right of Holders of record on the relevant record date to receive interest due on an interest payment date that is on or prior to the Settlement Date, and will be payable in cash. The Company may satisfy the foregoing
obligations with respect to any Net Proceeds from an Asset Sale by making an Asset Sale Offer with respect to such Net Proceeds prior to the expiration of the relevant 360 days (or such longer period provided above). If any Excess Proceeds remain
after consummation of an Asset Sale Offer, the Company or any Restricted Subsidiary may use those Excess Proceeds for any purpose not otherwise prohibited by this Indenture. If the aggregate principal amount of Notes and Pari Passu Indebtedness
tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds, the Trustee will select the Notes and such Pari Passu Indebtedness to be purchased on a pro rata basis as set forth in Section 3.09(h). Upon completion of each
Asset Sale Offer, the amount of Excess Proceeds will be reset at zero. 
 (f) The Company will comply with the requirements
of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with each repurchase of Notes pursuant to an Asset Sale Offer. To the extent that the
provisions of any securities laws or regulations conflict with the provisions of this Section 4.10, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under
such provisions by virtue of such conflict. 
 Section 4.11 Limitation on 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 of the Company (each, an “Affiliate Transaction”), unless: 
 (i) the Affiliate Transaction
is on terms, taken as a whole, that are no less favorable to the Company or the relevant Restricted Subsidiary than those that would have been obtained in a comparable transaction by the Company or such Restricted Subsidiary with an unrelated
Person; and 
 (ii) the Company delivers to the Trustee, with respect to any Affiliate Transaction or series of related
Affiliate Transactions involving aggregate consideration in excess of $25.0 million, an Officers’ Certificate certifying that such Affiliate Transaction complies with this Section 4.11 and that such Affiliate Transaction has been
approved by a majority of the disinterested members of the Board of Directors of the Company or the Company’s Conflicts Committee (or other committee serving a similar function). 

  
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 (b) The following items will not be deemed to be Affiliate Transactions and,
therefore, will not be subject to the provisions of Section 4.11(a): 
 (i) any employment, severance, employee
benefit, director or officer indemnification, equity award, equity option or equity appreciation or other compensation agreement or plan entered into by the Company or any of its Restricted Subsidiaries in the ordinary course of business and
payments, awards, grants or issuances of securities pursuant thereto; 
 (ii) transactions between or among any of the
Company and its Restricted Subsidiaries; 
 (iii) transactions with a Person that is an Affiliate of the Company solely
because the Company owns, directly or through a Restricted Subsidiary, an Equity Interest in, or otherwise controls, such Person; 

(iv) transactions effected in accordance with the terms of (a) agreements described in the annual report on Form 10-K of
the Company for the fiscal year ended December 31, 2014 under the caption “Transactions with Related Persons” or in note 13 to the Company’s audited historical financial statements included in such annual report, in each case, as
such agreements are in effect on the Issue Date, (b) any amendment or replacement of any of such agreements or (c) any agreements entered into hereafter that are similar to any of such agreements, so long as, in the case of clause
(b) or (c), the terms of any such amendment or replacement agreement or future agreement are, on the whole, no less advantageous to the Company or no less favorable to the Holders in any material respect than the agreement so amended or
replaced or the similar agreement referred to in the preceding clause (a), respectively; 
 (v) customary compensation,
indemnification and other benefits made available to officers, directors or employees of the Company or a Restricted Subsidiary or Affiliate of the Company, including reimbursement or advancement of out-of-pocket expenses and provisions of
officers’ and directors’ liability insurance; 
 (vi) sales of Equity Interests (other than Disqualified Stock) to
Affiliates of the Company, or receipt by the Company of capital contributions from holders of its Equity Interests; 
 (vii)
Permitted Investments or Restricted Payments that are permitted by Section 4.07; 
 (viii) payments to the
General Partner with respect to reimbursement for expenses in accordance with the Partnership Agreement as in effect on the Issue Date and as it may be amended, modified or supplemented from time to time, so long as any such amendment, modification
or supplement is no less favorable to the Company in any material respect than the agreement prior to such amendment, modification or supplement; 

  
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 (ix) in the case of contracts for gathering, transporting, treating, processing,
marketing, distributing, storing or otherwise handling Hydrocarbons, or activities or services reasonably related or ancillary thereto, or other operational contracts, any such contracts are entered into in the ordinary course of business 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,
then the terms are no less favorable than those available from third parties on an arm’s-length basis; 
 (x)
(a) guarantees by the Company or any of its Restricted Subsidiaries of performance of obligations of Unrestricted Subsidiaries or Joint Ventures in the ordinary course of business, except for guarantees of Indebtedness in respect of borrowed
money, and (b) pledges by the Company or any Restricted Subsidiary of Capital Stock in Unrestricted Subsidiaries or Joint Ventures for the benefit of lenders or other creditors of Unrestricted Subsidiaries or Joint Ventures as contemplated by
clause (9) of the definition of “Permitted Liens” with respect to clause (b) so long as any such transaction, if involving aggregate consideration in excess of $25.0 million, has been approved by a majority of the
disinterested members of the Board of Directors of the Company; 
 (xi) transactions between the Company and any Person, a
director of which is also a director of the General Partner or, if applicable, the Company; provided, however, that such director abstains from voting as a director of the General Partner or, if applicable, the Company on any matter
involving such other Person; and 
 (xii) any transaction in which the Company or any of its Restricted Subsidiaries, as the
case may be, delivers to the Trustee a letter from an Independent Advisor stating that such transaction is fair to the Company or such Restricted Subsidiary from a financial point of view or that such transaction meets the requirements of
Section 4.11(a). 
 Section 4.12 Limitation on Liens. 

The Company will not and will not permit any of its Restricted Subsidiaries to, create, incur, assume or otherwise cause or suffer to exist
or become effective any Lien of any kind (other than Permitted Liens) securing Indebtedness upon any of their property or assets, now owned or hereafter acquired, unless the Notes or any Subsidiary Guarantee of such Restricted Subsidiary, as
applicable, is secured on an equal and ratable basis with (or on a senior basis (to at least the same extent as the Notes are senior in right of payment) to, in the case of obligations subordinated in right of payment to the Notes or such Subsidiary
Guarantee, as the case may be) the obligations so secured until such time as such obligations are no longer secured by a Lien. Any Lien created for the benefit of the Holders of the Notes pursuant to the preceding sentence shall provide by its terms
that such Lien shall be automatically and unconditionally released and discharged upon the release and discharge of the initial Lien. 

  
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 Section 4.13 Additional Subsidiary Guarantees. 

If, after the Issue Date, any Restricted Subsidiary of the Company that is not already a Guarantor guarantees any other Indebtedness of
either of the Issuers or any Guarantor, which, when combined with any other Indebtedness for which such Restricted Subsidiary is an obligor or guarantor, is at least $10.0 million in aggregate principal amount, then that Subsidiary will become a
Guarantor by executing a supplemental indenture substantially in the form of Exhibit B hereto and delivering it to the Trustee within 20 Business Days of the date on which it guaranteed or incurred such Indebtedness, as the case may be,
together with any Officers’ Certificate or Opinion of Counsel required by Section 8.06; provided, however, that the preceding shall not apply to Subsidiaries of the Company that have properly been designated as
Unrestricted Subsidiaries in accordance with this Indenture for so long as they continue to constitute Unrestricted Subsidiaries. Notwithstanding the preceding, any Subsidiary Guarantee of a Restricted Subsidiary that was incurred pursuant to this
Section 4.13 will be released at such time as specified under Section 9.05. 
 Section 4.14 Existence.

 Except as otherwise permitted pursuant to the terms hereof (including consolidation and merger permitted by Section 5.01),
the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect its partnership existence, and the corporate, partnership or other existence of each of its Restricted Subsidiaries, in accordance with the
respective organizational documents (as the same may be amended from time to time) of the Company or any such Restricted Subsidiary; provided, however, that the Company shall not be required to preserve the existence of any of its
Restricted Subsidiaries (except Finance Corp.) if the Company shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and its Restricted Subsidiaries taken as a whole and that the loss
thereof is not adverse in any material respect to the Holders of the Notes. 
 Section 4.15 Offer to Repurchase Upon Change of
Control. 
 (a) Within 30 days following the occurrence of a Change of Control, unless the Issuers have previously or
concurrently exercised their right to redeem all of the Notes pursuant to Section 3.07, the Company shall make an offer (a “Change of Control Offer”) to repurchase all or any part (equal to $2,000 or an integral multiple
of $1,000 in excess of $2,000) of each Holder’s Notes at a purchase price (the “Change of Control Payment”) in cash equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid interest thereon
to the date of settlement (the “Change of Control Settlement Date”), subject to the right of Holders of record on the relevant record date to receive interest due on an interest payment date that is on or prior to the Change of
Control Settlement Date. Within 30 days following a Change of Control, unless the Issuers have previously or concurrently exercised their right to redeem all of the Notes pursuant to Section 3.07, the Company shall mail a notice of the
Change of Control Offer to each Holder and the Trustee describing the transaction or transactions that constitute the Change of Control and stating: 

(i) that the Change of Control Offer is being made pursuant to this Section 4.15 and that all Notes validly
tendered and not validly withdrawn will be accepted for payment; 

  
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 (ii) the purchase price and the purchase date, which shall be no earlier than 30
days but no later than 60 days from the date such notice is mailed (the “Change of Control Purchase Date”); 

(iii) that the Change of Control Offer will expire as of the time specified in such notice on the Change of Control Purchase
Date and that the Company shall pay the Change of Control Payment for all Notes accepted for purchase as of the Change of Control Purchase Date promptly thereafter on the Change of Control Settlement Date; 

(iv) that any Note not tendered will continue to accrue interest; 

(v) that, unless the Company defaults in the payment of the Change of Control Payment, all Notes accepted for payment pursuant
to the Change of Control Offer shall cease to accrue interest after the Change of Control Settlement Date; 
 (vi) that
Holders electing to have any Notes purchased pursuant to a Change of Control Offer will be required to surrender the Notes, properly endorsed for transfer, together with the form entitled “Option of Holder to Elect Purchase” on the reverse
of the Notes completed and such customary documents as the Company may reasonably request, to the Paying Agent at the address specified in the notice prior to the termination of the Change of Control Offer on the Change of Control Purchase Date;

 (vii) that Holders will be entitled to withdraw their election if the Paying Agent receives, prior to the termination of
the Change of Control Offer, a telegram, facsimile transmission or letter setting forth the name of the Holder, the principal amount of Notes delivered for purchase, and a statement that such Holder is withdrawing its election to have the Notes
purchased; and 
 (viii) that Holders whose Notes are being purchased only in part will be issued new Notes equal in
principal amount to the unpurchased portion of the Notes surrendered, which unpurchased portion must be equal to $2,000 in principal amount or an integral multiple of $1,000 in excess of $2,000. 

(b) If any of the Notes subject to a Change of Control Offer is in the form of a Global Note, then the Company shall modify
such notice to the extent necessary to accord with the procedures of the Depository applicable to repurchases. Further, the Company shall comply with the requirements of Rule 14e-1 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 Notes as a result of a Change of Control. To the extent that the provisions of any securities laws or regulations conflict with the provisions of
this Section 4.15, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under such provisions by virtue of such conflict. 

  
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 (c) On the Change of Control Purchase Date, the Company shall, to the extent
lawful, accept for payment all Notes or portions thereof (in minimum denominations of $2,000 and in integral multiples of $1,000 in excess of $2,000) properly tendered (and not validly withdrawn) pursuant to the Change of Control Offer. Promptly
thereafter on the Change of Control Settlement Date the Company shall: 
 (i) deposit with the Paying Agent by 11:00 a.m.,
New York City time, an amount equal to the Change of Control Payment in respect of all Notes or portions thereof so tendered (and not validly withdrawn); and 

(ii) deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officers’ Certificate
stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company. 
 (d) On the Change of
Control Settlement Date, the Paying Agent shall mail to each Holder of Notes properly tendered the Change of Control Payment for such Notes (or, if all the Notes are then in global form, make such payment through the facilities of the Depository)
and the Trustee shall authenticate and mail (or cause to be transferred by book entry) to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided, however, that each such
new Note will be in a principal amount of $2,000 or an integral multiple of $1,000 in excess of $2,000. The Company shall publicly announce the results of the Change of Control Offer on or as soon as practicable after the Change of Control Purchase
Date. 
 (e) The Change of Control provisions of this Section 4.15 shall be applicable whether or nor any other
provisions of this Indenture are applicable. 
 (f) Prior to complying with any of the provisions of this
Section 4.15, but in any event no later than the Change of Control Settlement Date, the Company or any Guarantor must either repay all of its other outstanding Senior Debt or obtain the requisite consents, if any, under all agreements
governing such Senior Debt to permit the repurchase of Notes required by this Section 4.15. 
 (g) The Company
shall not be required to make a Change of Control Offer following a Change of Control if (i) a third party makes the Change of Control Offer in the manner, at the time and otherwise in compliance with the requirements set forth in this
Section 4.15 applicable to a Change of Control Offer made by the Company and purchases all Notes properly tendered and not withdrawn under such Change of Control Offer or (ii) irrevocable notice of redemption of all Notes has been
given pursuant to Section 3.07, unless there is a default in payment of the applicable redemption price. 
 (h) A
Change of Control Offer may be made in advance of a Change of Control, and conditioned upon the occurrence of such Change of Control, if a definitive agreement is in effect for the Change of Control at the time of making the Change of Control Offer.

 (i) In the event that upon consummation of a Change of Control Offer less than 10% of the aggregate principal amount of
the Notes (including any Additional Notes) that were originally issued are held by Holders other than the Issuers or Affiliates thereof, the Issuers will have the right, upon not less than 30 nor more than 60 days’ prior notice, given not more
than 30 days following the purchase pursuant to the Change of Control Offer described above, to redeem all of the Notes that remain outstanding following such purchase at a redemption price equal to the Change of Control Payment plus, to the extent
not included in the Change of Control Payment, accrued and unpaid interest, if any, on the Notes that remain outstanding, to the date of redemption (subject to the right of Holders on the relevant record date to receive interest due on the relevant
interest payment date). 

  
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 Section 4.16 No Inducements. 

The Company will not, and the Company will not permit any of its Subsidiaries, either directly or indirectly, to pay or cause to be paid any
consideration, whether by way of interest, fee or otherwise, to any Beneficial Owner or Holder of any Notes for or as an inducement to any consent to any waiver, amendment or supplement of any terms or provisions of this Indenture or the Notes,
unless such consideration is offered to be paid (or agreed to be paid) to all Beneficial Owners and Holders of the Notes which so consent in the time frame set forth in the solicitation documents relating to such consent. 

Section 4.17 Permitted Business Activities. 

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

(b) Finance Corp. shall not incur Indebtedness unless (1) the Company is an obligor or a co-obligor or guarantor of such
Indebtedness or (2) the net proceeds of such Indebtedness are loaned to the Company, used to acquire outstanding debt securities issued by the Company or used to repay Indebtedness of the Company as permitted under Section 4.09.
Finance Corp. shall not engage in any business not related directly or indirectly to obtaining money or arranging financing for the Company or its Restricted Subsidiaries. 

Section 4.18 Sale and Leaseback Transactions. 

The Company will not, and will not permit any of its Restricted Subsidiaries to, enter into any Sale and Leaseback Transaction other than an
Equipment Lease Transaction; provided, however, that the Company or any of its Restricted Subsidiaries may enter into a Sale and Leaseback Transaction if: 

(i) the Company or that Restricted Subsidiary, as applicable, could have (a) incurred Indebtedness in an amount equal to
the Attributable Debt relating to such Sale and Leaseback Transaction under the Fixed Charge Coverage Ratio test in Section 4.09(a) and (b) incurred a Lien to secure such Indebtedness pursuant to Section 4.12; 

  
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 (ii) the gross cash proceeds of that Sale and Leaseback Transaction are at least
equal to the fair market value, as determined in accordance with the definition of that term in Section 2.01 and set forth in an Officers’ Certificate delivered to the Trustee, of the property that is the subject of that Sale and
Leaseback Transaction; and 
 (iii) the transfer of assets in that Sale and Leaseback Transaction is permitted by, and the
Company applies the proceeds of such transaction in compliance with, Section 4.10. 
 Section 4.19 Covenant
Termination. 
 If at any time (a) the rating assigned to the Notes by S&P and Moody’s is an Investment Grade Rating,
(b) no Event of Default has occurred and is continuing under this Indenture and (c) the Issuers have delivered to the Trustee an Officers’ Certificate certifying to the matters specified in clauses (a) and (b) of this
sentence as of the date of such certificate, the Company and its Restricted Subsidiaries will no longer be subject to the provisions of Section 3.09, Section 4.07, Section 4.08, Section 4.09,
Section 4.10, Section 4.11, Section 4.17, Section 4.18, Section 4.20, and Section 5.01(a)(iv). However, the Company and its Restricted Subsidiaries will remain subject to all of
the other provisions of this Indenture. 
 Section 4.20 Designation of Restricted and Unrestricted Subsidiaries. 

(a) The Board of Directors of the Company may designate any Restricted Subsidiary of the Company to be an Unrestricted
Subsidiary if that designation would not cause a Default. If a Restricted Subsidiary of the Company is designated as an Unrestricted Subsidiary, the aggregate fair market value of all outstanding Investments owned by the Company and its Restricted
Subsidiaries in the Subsidiary properly designated will either be deemed to be an Investment made as of the time of the designation that will reduce the amount available for Restricted Payments under Section 4.07(a) or represent
Permitted Investments, as determined by the Company. That designation shall only be permitted if the Investment would be permitted at that time and if the Subsidiary so designated otherwise meets the definition of an Unrestricted Subsidiary. 

(b) The Board of Directors of the Company may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary
of the Company; provided that such designation will 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 will only be
permitted if (1) such Indebtedness is permitted under Section 4.09, either as “Permitted Debt” or pursuant to the first paragraph thereof with the Fixed Charge Coverage Ratio, 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. 

  
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 Article Five 

Successors 
 Article VIII
of the Base Indenture shall not apply to the Notes except as, and to the extent, described in this Article Five. 
 Section 5.01
Merger, Consolidation, or Sale of Assets. 
 (a) Neither of the Issuers may, directly or indirectly,
(1) consolidate or merge with or into another Person (whether or not such Issuer is the survivor), or (2) sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets in one or more
related transactions to another Person, unless: 
 (i) either (1) such Issuer is the survivor or (2) the Person
formed by or surviving any such consolidation or merger (if other than such Issuer ) 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 of the United States or the District of Columbia; provided, however, that Finance Corp. may not consolidate or merge with or into any Person unless the Person formed by or surviving such consolidation or merger
is a corporation satisfying such requirement so long as the Company is not a corporation; 
 (ii) the Person formed by or
surviving any such consolidation or merger (if other than such Issuer) or the Person to which such sale, assignment, transfer, lease, conveyance or other disposition shall have been made assumes all the obligations of such Issuer under the Notes,
the Base Indenture (as it relates to the Notes) and this Supplemental Indenture pursuant to a supplemental indenture or other agreement in a form reasonably satisfactory to the Trustee; 

(iii) immediately after such transaction no Default or Event of Default exists; 

(iv) in the case of a transaction involving the Company and not Finance Corp., either; 

(a) the Company or 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 will, on the date of such transaction immediately after giving pro forma effect thereto and to 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 4.09(a); or 

(b) immediately after giving effect to such transaction and any related financing transactions on a pro forma basis as if the
same had occurred at the beginning of the applicable four-quarter period, the Fixed Charge Coverage Ratio of the Company or the Person formed by or surviving any such consolidation or merger (if other than the Company), or to which such sale,

  
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assignment, transfer, lease, conveyance or other disposition has been made, will be equal to or greater than the Fixed Charge Coverage Ratio of the Company immediately before such transactions;
and 
 (v) such Issuer 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 Supplemental Indenture and the Base Indenture (as it relates to the Notes); provided, however, that such counsel may rely, as to
matters of fact, on a certificate or certificates of officers of the General Partner. 
 (b) Notwithstanding the restrictions
described in Section 5.01(a)(iv), (i) any Restricted Subsidiary (other than Finance Corp.) may consolidate with, merge into or dispose of all or part of its properties and assets to the Company or (ii) the Company may
consolidate or merge with or into a Subsidiary of the Company, in each case, without the Company being required to comply with Section 5.01(a)(iv) in connection with any such consolidation, merger or disposition. 

(c) Notwithstanding Section 5.01(a), the Company may reorganize as any other form of entity in accordance with the
following procedures, provided that: 
 (i) the reorganization involves the conversion (by merger, sale, contribution or
exchange of assets or otherwise) of the Company into a form of entity other than a limited partnership formed under Delaware law; 

(ii) the entity so formed by or resulting from such reorganization is an entity organized or existing under the laws of the
United States, any state thereof or the District of Columbia; 
 (iii) the entity so formed by or resulting from such
reorganization assumes all the obligations of the Company under the Notes, the Base Indenture (as it relates to the Notes) and this Supplemental Indenture pursuant to agreements reasonably satisfactory to the Trustee; 

(iv) immediately after such reorganization no Default or Event of Default exists; and 

(v) such reorganization is not materially adverse to the Holders or Beneficial Owners of the Notes (for purposes of this
clause (v) a reorganization will not be considered materially adverse to the Holders or Beneficial Owners of the Notes solely because the successor or survivor of such reorganization (a) is subject to federal or state income taxation as an
entity or (b) is considered to be an “includible corporation” of an affiliated group of corporations within the meaning of Section 1504(b) of the Code or any similar state or local law). 

(d) Upon any consolidation or merger or any disposition of all or substantially all of the properties or assets of the Company
in accordance with the foregoing, in which the Company is not the surviving entity, the surviving entity formed by such consolidation or 

  
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into which the Company is merged or to which such disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Supplemental
Indenture, the Base Indenture (as it relates to the Notes) and the Notes with the same effect as if such surviving entity had been named as such, and thereafter (except in the case of a lease of all or substantially all of the Company’s
properties or assets) the Company will be relieved of all obligations and covenants under this Indenture and the Notes. 
 Section 5.02
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 an Issuer in accordance with Section 5.01, the successor formed by such consolidation or into or with which such Issuer is merged or to which such sale, assignment,
transfer, lease, conveyance or other disposition is made shall succeed to, and may exercise every right and power of, such Issuer under the Notes, this Supplemental Indenture and the Base Indenture (as it relates to the Notes) with the same effect
as if such successor had been named as such Issuer in this Supplemental Indenture, the Base Indenture (as it relates to the Notes) and the Notes and shall be substituted for such Issuer (so that from and after the date of such consolidation, merger,
sale, assignment, transfer, lease, conveyance or other disposition, the provisions of this Supplemental Indenture, the Base Indenture (as it relates to the Notes) and the Notes referring to the “Company” or “Finance Corp.,” as
the case may be, shall refer instead to the successor and not to the Company or Finance Corp., as the case may be); and thereafter, if an Issuer is dissolved following a transfer of all or substantially all of its properties or assets in accordance
with this Supplemental Indenture, the Base Indenture (as it relates to the Notes) and the Notes it shall be discharged and released from all obligations and covenants under this Supplemental Indenture, the Base Indenture (as it relates to the Notes)
and the Notes. The Trustee shall enter into a supplemental indenture to evidence the succession and substitution of such successor and such discharge and release of such Issuer. 

Article Six 
 Defaults
and Remedies 
 Section 501, Section 502, Section 504, Section 506, Section 507, Section 512,
Section 513 and Section 514 of the Base Indenture shall not apply to the Notes, except as, and to the extent, described in this Article Six. 

Section 6.01 Events of Default. 

(a) An “Event of Default” occurs if one of the following shall have occurred and be continuing (whatever the
reason for such Event of Default and whether it shall be involuntary or be effected by operation of law): 
 (i) an Issuer
defaults in the payment when due of interest with respect to the Notes and such default continues for a period of 30 days; 

(ii) an Issuer defaults in the payment when due of the principal of or premium, if any, on the Notes; 

  
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 (iii) the Company fails to comply with the provisions of
Section 5.01; 
 (iv) the Company fails to comply with the provisions of Section 4.03 for 180 days
after notice to the Company by the Trustee or the Holders of at least 25% in principal amount of the Notes then outstanding of such failure; 

(v) the Company fails to comply with any other covenant or other agreement in this Supplemental Indenture (including
Section 3.09, Section 4.10 and Section 4.15), the Base Indenture (as it relates to the Notes) or the Notes for 60 days after notice to the Company by the Trustee or the Holders of at least 25% in principal amount
of the Notes then outstanding of such failure; 
 (vi) a default occurs under any mortgage, indenture or instrument under
which there may be issued or by which there may be secured or evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries (or the payment of which is guaranteed by the Company or any of its Restricted
Subsidiaries), whether such Indebtedness or guarantee now exists or is created after the Issue Date, if such default: 
 (a)
is caused by a failure to pay principal of, or interest or premium, if any, on such Indebtedness prior to the expiration of any 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 $20.0 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 60 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 Notes shall be automatically rescinded, so long as such rescission does not conflict with any judgment or decree; 

(vii) the Company or any of its Restricted Subsidiaries fails to pay final judgments aggregating in excess of $20.0 million
(to the extent not covered by insurance by a reputable and creditworthy insurer as to which the insurer has not disclaimed coverage), which judgments are not paid, discharged or stayed for a period of 60 days; 

(viii) any Subsidiary Guarantee is held in any judicial proceeding to be unenforceable or invalid or ceases for any reason to
be in full force and effect or any Guarantor, or any Person acting on behalf of any Guarantor, denies or disaffirms its obligations under its Subsidiary Guarantee (other than, in any such case, by reason of release of a Guarantor in accordance with
Section 9.05); and 

  
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 (ix) the Company, Finance Corp., any of the Company’s Restricted
Subsidiaries that is a Significant Subsidiary of the Company or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary of the Company pursuant to or within the meaning of Bankruptcy Law:

 (a) commences a voluntary case, 

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

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

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

(e) admits in writing it generally is not paying its debts as they become due; or 

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

(a) is for relief against the Company, Finance Corp., any of the Company’s Restricted Subsidiaries that is a Significant
Subsidiary of the Company or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary of the Company in an involuntary case; 

(b) appoints a Custodian of the Company, Finance Corp., any of the Company’s Restricted Subsidiaries that is a
Significant Subsidiary of the Company or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary of the Company or for all or substantially all of the property of the Company, Finance
Corp., any of the Company’s Restricted Subsidiaries that is a Significant Subsidiary of the Company or any group of Restricted Subsidiaries of the Company, that, taken together, would constitute a Significant Subsidiary of the Company; or 

(c) orders the liquidation of the Company, Finance Corp., any of the Company’s Restricted Subsidiaries that is a
Significant Subsidiary of the Company or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary of the Company; 

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

Any reference in this Article Six or elsewhere in this Supplemental Indenture to “Event of Default” shall be deemed to refer
to and include only the Events of Default with respect to the Notes specified in this Section 6.01, and the term “Default” as so used in this Supplemental Indenture shall have a correlative meaning. 

  
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 Section 6.02 Acceleration. 

If any Event of Default occurs and is continuing and is known to the Trustee, the Trustee by notice to the Issuers, or the Holders of at
least 25% in principal amount of the then outstanding Notes, by notice to the Issuers and the Trustee, may declare all the Notes to be due and payable immediately. Upon any such declaration, the Notes shall become due and payable immediately,
together with all accrued and unpaid interest and premium, if any, thereon. Notwithstanding the preceding, if an Event of Default specified in Section 6.01(a)(ix) or (x) occurs with respect to the Company, Finance Corp., any
of the Company’s Restricted Subsidiaries that is a Significant Subsidiary of the Company or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary of the Company, all outstanding
Notes shall become due and payable immediately without further action or notice, together with all accrued and unpaid interest and premium, if any, thereon. The Holders of a majority in principal amount of the then outstanding Notes by notice to the
Trustee may on behalf of all of the Holders rescind an acceleration and its consequences if (i) the rescission would not conflict with any judgment or decree; (ii) all existing Events of Default (except with respect to nonpayment of
principal, interest or premium, if any, that have become due solely because of the acceleration) have been cured or waived; (iii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue
principal, which has become due other than by such declaration of acceleration, has been paid; and (iv) the Issuers have paid the Trustee its reasonable compensation and reimbursed the Trustee for its expenses, disbursements and advances. No
such rescission shall affect any subsequent Default or impair any right consequent thereto. 
 Section 6.03 Other Remedies. 

(a) If an Event of Default occurs and is continuing and is known to the Trustee, the Trustee may pursue any available remedy to
collect the payment of principal of and interest and premium, if any, on the Notes or to enforce the performance of any provision of the Notes, the Base Indenture (as it relates to the Notes) or this Supplemental Indenture. 

(b) The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the
proceeding. A delay or omission by the Trustee or any Holder of a Note 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. All
remedies are cumulative to the extent permitted by law. 
 Section 6.04 Waiver of Past Defaults. 

Holders of a majority in principal amount of Notes (including any Additional Notes) then outstanding (including waivers obtained in
connection with a purchase of, or tender offer or exchange offer for, Note) by notice to the Trustee may on behalf of the Holders of all of the Notes waive any existing Default or Event of Default and its consequences hereunder, except a continuing
Default or Event of Default in the payment of the principal of or interest or premium, if any, on the Notes. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for
every purpose of this Supplemental Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. 

  
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 Section 6.05 Control by Majority. 

Holders of a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding
for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law, the Base Indenture (as it relates to the Notes) or this
Supplemental Indenture or that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes or that may 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. The Trustee may withhold from Holders of the Notes notice of any continuing Default or Event of Default (except a Default or Event of Default relating to the payment of
principal or interest) if it determines that withholding notice is in their interest. 
 Section 6.06 Limitation on Suits. 

(a) A Holder of a Note may pursue a remedy with respect to the Base Indenture (as it relates to the Notes), this Supplemental
Indenture or the Notes or any Subsidiary Guarantees, only if: 
 (1) the Holder of a Note gives to the Trustee written notice of a
continuing Event of Default; 
 (2) the Holders of at least 25% in principal amount of the then outstanding Notes make a written request to
the Trustee to pursue the remedy; 
 (3) such Holder of a Note or Holders of Notes offer and, if requested, provide to the Trustee
indemnity or security satisfactory to the Trustee against any loss, liability or expense; 
 (4) the Trustee does not comply with the
request within 60 days after receipt of the request and the offer and, if requested, the provision of indemnity; and 
 (5) during such
60-day period the Holders of a majority in principal amount of the then outstanding Notes do not give the Trustee a direction inconsistent with the request. 

(b) A Holder of a Note may not use this Supplemental Indenture or the Base Indenture (as it relates to the Notes) to prejudice
the rights of another Holder of a Note or to obtain a preference or priority over another Holder of a Note. 
 Section 6.07 Rights
of Holders of Notes to Receive Payment. 
 Notwithstanding any other provision of this Supplemental Indenture or the Base Indenture (as
it relates to the Notes), the right of any Holder of a Note to receive payment of principal of and interest and premium, if any, on the Note, on or after the respective due dates 

  
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expressed in the Note (including in connection with an offer to purchase), 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 6.08 Collection Suit by Trustee. 

If an Event of Default specified in Section 6.01(a)(i) or (ii) occurs and is continuing, the Trustee is authorized to
recover judgment in its own name and as trustee of an express trust against the Issuers and the Guarantors for the whole amount of principal of, and interest and premium, if any, remaining unpaid on the Notes and interest on overdue principal and,
to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

Section 6.09 Trustee May File Proofs of Claim. 

The Trustee is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the
claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders of the Notes allowed in any judicial proceedings relative to the Issuers (or any
other obligor upon the Notes), their creditors or their property and shall be entitled and empowered to collect, receive and distribute any money or other property payable or deliverable on any such claims and any custodian in any such judicial
proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 607 of the Base Indenture. To the extent that the payment of any such compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 607 of the Base Indenture out of the estate in any such proceeding, shall be denied for any reason, payment of the
same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of
reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition
affecting the Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

Section 6.10 Priorities. 

(a) If the Trustee collects any money pursuant to this Article Six, it shall pay out the money in the following order:

 First: to the Trustee, its agents and attorneys for amounts due under Section 607 of the Base Indenture (as it relates to the
Notes), including payment of all compensation, expense and liabilities incurred, and all advances made, by the Trustee and the Trustee’s costs and expenses of collection; 

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

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

(b) The Trustee may fix a record date and payment date for any payment to Holders of Notes pursuant to this
Section 6.10. 
 Section 6.11 Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under the Base Indenture (as it relates to the Notes) or this Supplemental Indenture
or in any suit against the Trustee for any action taken or omitted by it as a 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 does not apply to a
suit by the Trustee, a suit by a Holder of a Note pursuant to Section 6.07, or a suit by Holders of more than 10% in principal amount of the then outstanding Notes. 

Article Seven 

Defeasance and Covenant Defeasance 

Article XIII of the Base Indenture shall not apply to the Notes, except as, and to the extent, described in this Article Seven.

 Section 7.01 Option to Effect Legal Defeasance or Covenant Defeasance. 

The Issuers may, at the option of their respective Boards of Directors evidenced by a resolution set forth in an Officers’ Certificate,
at any time, exercise their rights under either Section 7.02 or Section 7.03 with respect to all outstanding Notes upon compliance with the conditions set forth below in this Article Seven. 

Section 7.02 Legal Defeasance and Discharge. 

Upon the Issuers’ exercise under Section 7.01 of the option applicable to this Section 7.02, the Issuers shall,
subject to the satisfaction of the conditions set forth in Section 7.04 hereof, be deemed to have discharged their obligations with respect to all outstanding Notes, and each Guarantor shall be deemed to have discharged its obligations
with respect to its Subsidiary Guarantee, on the date the conditions set forth in Section 7.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Issuers shall be
deemed to have paid and discharged the entire Indebtedness represented by the 

  
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Outstanding Notes, and each Guarantor shall be deemed to have paid and discharged its Subsidiary Guarantee (which in each case shall thereafter be deemed to be “Outstanding” only for
the purposes of Section 7.05 hereof and the other Sections of this Supplemental Indenture and the Base Indenture referred to in (a) and (b) below) and to have satisfied all its other obligations under such Notes or Subsidiary
Guarantee and this Supplemental Indenture and the Base Indenture (as it relates to the Notes) (and the Trustee, on demand of and at the expense of the Issuers, shall execute proper instruments acknowledging the same), except for the following
provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of outstanding Notes to receive solely from the trust fund described in Section 7.04, and as more fully set forth in such
Section, payments in respect of the principal of and interest and premium, if any, on such Notes when such payments are due, (b) the Issuers’ obligations with respect to such Notes under Section 304, Section 305 and
Section 306 of the Base Indenture and Section 4.02, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Issuers’ and the Guarantors’ obligations in connection therewith and
(d) the Legal Defeasance provisions of this Article Seven. Subject to compliance with this Article Seven, the Issuers may exercise their option under this Section 7.02 notwithstanding the prior exercise of their option
under Section 7.03 hereof. 
 If the Issuers exercise their Legal Defeasance option, each Guarantor will be released and
relieved of any obligations under its Subsidiary Guarantee, and any security for the Notes (other than the trust) will be released. 

Section 7.03 Covenant Defeasance. 

Upon the Issuers’ exercise under Section 7.01 hereof of the option applicable to this Section 7.03, the Issuers
shall, subject to the satisfaction of the conditions set forth in Section 7.04, be released from their obligations under the covenants contained in Article Four (other than those in Section 4.01,
Section 4.02, Section 4.06 and Section 4.14), Section 3.09 and Section 5.01(a)(iv) on and after the date the conditions set forth below are satisfied (hereinafter, “Covenant
Defeasance”), and the Notes shall thereafter be deemed not “Outstanding” for the purposes of any direction, waiver, consent or declaration or Act of Holders (and the consequences of any thereof) in connection with such covenants,
but shall continue to be deemed “Outstanding” for all other purposes hereunder. For this purpose, Covenant Defeasance means that, with respect to the Outstanding Notes, the Issuers and any Guarantor may omit to comply with and shall have
no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any
other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 6.01, but, except as specified above, the remainder of this Supplemental Indenture, the Base
Indenture (as it relates to the Notes) and such Notes shall be unaffected thereby. In addition, upon the Issuers’ exercise under Section 7.01 of the option applicable to this Section 7.03, subject to the satisfaction of
the conditions set forth in Section 7.04, Sections 6.01(a)(iii) through 6.01(a)(viii) hereof shall not constitute Events of Default. 

If the Issuers exercise their Covenant Defeasance option, each Guarantor will be released and relieved of any obligations under its
Subsidiary Guarantee and any security for the Notes (other than the trust) will be released. 

  
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 Section 7.04 Conditions to Legal Defeasance or Covenant Defeasance. 

In order to exercise either Legal Defeasance or Covenant Defeasance: 

(1) the Issuers must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders, 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 investment bank, appraisal firm or firm of independent public accountants, to pay the principal of and
interest and premium, if any, on the outstanding Notes on the date of fixed maturity or on the applicable redemption date, as the case may be, and the Issuers must specify whether the Notes are being defeased to the date of fixed maturity or to a
particular redemption date; 
 (2) in the case of an election under Section 7.02, the Issuers shall have
delivered to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming that: 
 (a) the Issuers have
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 Notes will not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will be subject to federal income tax on the same amounts, in the same manner
and at the same times as would have been the case if such Legal Defeasance had not occurred; provided, however, that such counsel may rely, as to matters of fact, on a certificate or certificates of Officers of the General Partner;

 (3) in the case of an election under Section 7.03, the Issuers shall have delivered to the Trustee an Opinion
of Counsel reasonably acceptable to the Trustee confirming that the Holders of the outstanding Notes will not recognize income, gain or loss for federal income tax purposes as a result of such Covenant Defeasance and will be subject to federal
income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; provided, however, that such counsel may rely, as to matters of fact, on a certificate
or certificates of Officers of the General Partner; 
 (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 incurrence of Indebtedness or other borrowing of funds, or the grant of Liens securing such Indebtedness or other borrowing, all or a portion of
which are to be applied to such deposit); 
 (5) such Legal Defeasance or Covenant Defeasance shall not result in a breach or
violation of, or constitute a default under, any material agreement or instrument 

  
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(other than this Supplemental Indenture or the Base Indenture (as it relates to the Notes)) to which the Company or any of its Subsidiaries is a party or by which the Company or any of its
Subsidiaries is bound; 
 (6) the Issuers shall have delivered to the Trustee an Officers’ Certificate stating that the
deposit was not made by the Issuers with the intent of preferring the Holders over any other creditors of the Issuers or with the intent of defeating, hindering, delaying or defrauding creditors of the Issuers or others; and 

(7) the Issuers shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that
all conditions precedent relating to the Legal Defeasance or the Covenant Defeasance have been complied with; provided, however, that such counsel may rely, as to matters of fact, on a certificate or certificates of Officers of the
General Partner. 
 Section 7.05 Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions.

 (a) Subject to Section 7.06, all money and non-callable Government Securities (including the proceeds thereof)
deposited with the Trustee pursuant to Section 7.04 in respect of the outstanding Notes shall be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Supplemental Indenture, to the payment,
either directly or through any Paying Agent (including the Company or any of its Subsidiaries acting as Paying Agent) as the Trustee may determine, to the Holders of such Notes of all sums due and to become due thereon in respect of principal,
interest and premium, if any, but such money need not be segregated from other funds except to the extent required by law. 

(b) The Issuers shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the
cash or non-callable Government Securities deposited pursuant to Section 7.04 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the
outstanding Notes. 
 (c) Anything in this Article Seven to the contrary notwithstanding, the Trustee shall deliver or
pay to the Issuers from time to time upon the written request of the Issuers any money or non-callable Government Securities held by it as provided in Section 7.04 which, in the opinion of a nationally recognized firm of independent
public accountants expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 7.04(a)), are in excess of the amount thereof that would then be required to be deposited to
effect an equivalent Legal Defeasance, Covenant Defeasance or Discharge, as the case may be. 
 Section 7.06 Repayment to
Issuers. 
 Subject to applicable escheat and abandoned property laws, any money or non-callable Government Securities deposited with
the Trustee or any Paying Agent, or then held by an Issuer, in trust for the payment of the principal of or interest or premium, if any, on any Note 

  
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and remaining unclaimed for two years after such principal, interest or premium, if any, has become due and payable shall be paid to the Issuers on their written request or (if then held by an
Issuer) shall be discharged from such trust; and the Holder of such Note shall thereafter, as an unsecured creditor, look only to the Issuers for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money
or non-callable Government Securities, and all liability of the Issuers as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, shall at the written
direction and expense of the Issuers cause to be published once, in the New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which shall not
be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining will be repaid to the Issuers. 

Section 7.07 Reinstatement. 

If the Trustee or Paying Agent is unable to apply any money or non-callable Government Securities in accordance with Section 7.05
by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Issuers’ obligations under this Supplemental Indenture, the Base Indenture (as it relates to
the Notes) and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 7.02 or Section 7.03 until such time as the Trustee or Paying Agent is permitted to apply all such money in
accordance with Section 7.05; provided, however, that, if an Issuer makes any payment of principal of or interest or premium, if any, on any Note following the reinstatement of its obligations, such Issuer shall be subrogated to
the rights of the Holders of such Notes to receive such payment from the money held by the Trustee or Paying Agent. 
 Article Eight

 Amendment, Supplement and Waiver 

Article IX of the Base Indenture shall not apply to the Notes except as, and to the extent, described in this Article Eight. 

Section 8.01 Without Consent of Holders of Notes. 

Notwithstanding Section 8.02, the Issuers, the Guarantors and the Trustee may amend or supplement the Base Indenture (as it
relates to the Notes), this Supplemental Indenture or the Notes without the consent of any Holder of a Note: 
 (1) to cure
any ambiguity, defect or inconsistency; 
 (2) to provide for uncertificated Notes in addition to or in place of certificated
Notes; 
 (3) to provide for the assumption of an Issuer’s obligations to the Holders of Notes pursuant to Article
Five; 

  
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 (4) to make any change that would provide any additional rights or benefits to
the Holders of the Notes or that does not adversely affect the legal rights hereunder of any Holder; 
 (5) to secure the
Notes or the Subsidiary Guarantees pursuant to the requirements of Section 4.12 or otherwise; 
 (6) to provide
for the issuance of Additional Notes in accordance with the limitations set forth in this Supplemental Indenture; 
 (7) to
add any additional Guarantor with respect to the Notes or to evidence the release of any Guarantor from its Subsidiary Guarantee, in each case, in accordance with Article Nine; 

(8) to comply with requirements of the Commission in order to effect or maintain the qualification of this Indenture with
respect to the Notes under the Trust Indenture Act; 
 (9) to evidence or provide for the acceptance of appointment under
this Supplemental Indenture and the Base Indenture (as it relates to the Notes) of a successor Trustee with respect to the Notes; 

(10) to provide for the reorganization of the Company as any other form of entity in accordance with
Section 5.01(c); or 
 (11) to conform the text of the Base Indenture (as it relates to the Notes), this
Supplemental Indenture or the Notes to any provision of the section entitled “Description of Notes” in the Prospectus Supplement relating to the Notes dated July 16, 2015. 

Upon the request of the Company accompanied by a resolution of its Board of Directors authorizing the execution of any such amended or
supplemental indenture, and upon receipt by the Trustee of the documents described in Section 8.06, the Trustee shall join with the Issuers and the Guarantors in the execution of any amended or supplemental indenture authorized or
permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee shall not be obligated to enter into such amended or supplemental indenture that affects its own
rights, duties or immunities under this Indenture or otherwise. 
 Section 8.02 With Consent of Holders of Notes. 

Except as provided above in Section 8.01 and below in this Section 8.02, the Issuers, the Guarantors and the Trustee
may amend or supplement the Base Indenture (as it relates to the Notes), this Supplemental Indenture and the Notes with the consent of the Holders of at least a majority in principal amount of the then outstanding Notes (including any Additional
Notes) issued under this Indenture (including consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes), and, subject to Section 6.04 and Section 6.07, any existing Default or Event of
Default or compliance with any provision of this Supplemental Indenture, the Base Indenture (as it relates to the Notes) or the Notes may be waived with the 

  
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consent of the Holders of a majority in principal amount of the then outstanding Notes (including any Additional Notes) issued under this Indenture including consents obtained in connection with
a purchase of, tender offer or exchange offer for Notes. However, without the consent of each Holder affected, an amendment, supplement or waiver may not (with respect to any Notes held by a non-consenting
Holder): 
 (1) reduce the principal amount of Notes whose Holders must consent to an amendment, supplement or waiver to this
Supplemental Indenture, the Notes or the Base Indenture (as it relates to the Notes); 
 (2) reduce the principal of or
change the fixed maturity of any Note or alter any of the provisions with respect to the redemption of the Notes (except as provided in Section 3.09, Section 4.10 and Section 4.15); 

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

(4) waive a Default or Event of Default in the payment of principal of, or interest or premium, if any, on the Notes (except a
rescission of acceleration of the Notes by the Holders of at least a majority in principal amount of the Notes and a waiver of the payment default that resulted from such acceleration); 

(5) make any Note payable in currency other than that stated in the Notes; 

(6) make any change in the provisions of this Supplemental Indenture and the Base Indenture (as it relates to the Notes)
relating to waivers of past Defaults or Events of Default or the rights of Holders of Notes to receive payments of principal of, or interest or premium, if any, on the Notes (other than payments required by Section 3.09,
Section 4.10 and Section 4.15); 
 (7) waive a redemption payment with respect to any Note (other
than a payment required by Section 3.09, Section 4.10 and Section 4.15); 
 (8) release
any Guarantor from any of its obligations under its Subsidiary Guarantee or this Supplemental Indenture and the Base Indenture (as it relates to the Notes), except in accordance with the terms of this Supplemental Indenture; or 

(9) make any change in the preceding amendment, supplement and waiver provisions. 

Upon the request of the Issuers accompanied by Board Resolutions authorizing their execution of any such amended or supplemental indenture,
and upon the filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders of Notes as aforesaid, and upon receipt by the Trustee of the documents described in Section 8.06, the Trustee shall join with the
Issuers and the Guarantors in the execution of such amended or supplemental indenture, unless such amended or supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the
Trustee may in its discretion, but shall not be obligated to, enter into such amended or supplemental indenture. 

  
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 It shall not be necessary for the consent of the Holders of Notes under this
Section 8.02 to approve the particular form of any proposed amendment, supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. 

After an amendment, supplement or waiver under this Section becomes effective, the Company shall mail to the Holders of Notes affected thereby
a notice briefly describing the amendment, supplement or waiver. Any failure of the Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such amendment, supplement or waiver. 

Section 8.03 Compliance with Trust Indenture Act. 

Every amendment or supplement to this Supplemental Indenture, the Base Indenture (as it relates to the Notes) or the Notes shall be set forth
in an amended or supplemental indenture that complies with the TIA as then in effect. 
 A consent to any amendment, supplement or waiver
under this Supplemental Indenture, the Base Indenture (as it relates to the Notes) or the Notes by any Holder given in connection with a purchase, tender or exchange of such Holder’s Notes shall not be rendered invalid by such purchase, tender
or exchange. 
 Section 8.04 Effect of Consents. 

After an amendment, supplement or waiver becomes effective, it shall bind every Holder, unless it makes a change described in any of clauses
(1) through (9) of Section 8.02, in which case, the amendment, supplement or waiver shall bind only each Holder of a Note who has consented to it and every subsequent Holder of a Note or portion of a Note that evidences the
same indebtedness as the consenting Holder’s Note. 
 Section 8.05 Notation on or Exchange of Notes. 

(a) The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Note thereafter
authenticated. The Issuers, in exchange for all Notes, may issue and the Trustee shall, authenticate new Notes that reflect the amendment, supplement or waiver. 

(b) Failure to make the appropriate notation or issue a new Note shall not affect the validity and effect of such amendment,
supplement or waiver. 
 Section 8.06 Trustee to Sign Amendments, etc. 

The Trustee shall sign any amended or supplemental indenture authorized pursuant to this Article Eight if the amendment or supplement
does not adversely affect the rights, duties, liabilities or immunities of the Trustee. In executing any amended or supplemental indenture, the Trustee shall be entitled to receive, and (subject to the provisions of Section 601 of the Base
Indenture) shall be fully protected in relying upon, an Officers’ Certificate and an Opinion of Counsel stating that the execution of such amended or supplemental indenture is authorized or permitted by this Supplemental Indenture and the Base
Indenture (as it relates to the Notes) and that all conditions precedent are satisfied. 

  
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 Section 8.07 Effect of Supplemental Indentures. 

Upon the execution of any amended or supplemental indenture under this Article Eight, the Indenture (including this Supplemental
Indenture) shall be modified in accordance therewith, and such amended or supplemental indenture shall form a part of the Indenture for all purposes; and every Holder of Notes theretofore or thereafter authenticated and delivered hereunder shall be
bound thereby. 
 Nothing in this Supplemental Indenture shall limit or affect the provisions of Article IX or Section 513 of the Base
Indenture insofar as relating to any amendment or waiver in respect of any series of Securities other than the Notes. 
 Article Nine

 Guarantees 

Article XIV of the Base Indenture shall not apply to the Notes, except as, and to the extent, described in this Article Nine.

 Section 9.01 Subsidiary Guarantees. 

(a) Subject to this Article Nine, each of the Guarantors hereby, jointly and severally, unconditionally guarantees, on a
senior unsecured basis, to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Supplemental Indenture, the Base Indenture (as it
relates to the Notes) or the Notes held thereby and the Obligations of the Issuers under the Notes, the Base Indenture (as it relates to the Notes) or this Supplemental Indenture, that: (a) the principal of and interest and premium, if any, on
the Notes will be promptly paid in full when due, subject to any applicable grace period, whether at Stated Maturity, by acceleration, upon repurchase or redemption or otherwise, and interest on the overdue principal of and premium and (to the
extent permitted by law) interest on the Notes, and all other payment Obligations of the Issuers to the Holders or the Trustee under the Notes, the Base Indenture (as it relates to the Notes) or this Supplemental Indenture will be promptly paid in
full and performed, all in accordance with the terms hereof and thereof; and (b) in case of any extension of time of payment or renewal of any Notes or any of such other Obligations, the same will be promptly paid in full when due or performed
in accordance with the terms of the extension or renewal, subject to any applicable grace period, whether at Stated Maturity, by acceleration, upon repurchase or redemption or otherwise. Failing payment when so due of any amount so guaranteed for
whatever reason, the Guarantors will be jointly and severally obligated to pay the same immediately. An Event of Default under this Supplemental Indenture or the Notes shall constitute an event of default under the Subsidiary Guarantees, and shall
entitle the Holders to accelerate the obligations of the Guarantors hereunder in the same manner and to the same extent as the Obligations of the Issuers. 

  
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 (b) The Guarantors hereby agree that their obligations hereunder shall be
unconditional, irrespective of the validity, regularity or enforceability of the Notes, the Base Indenture (as it relates to the Notes) or this Supplemental Indenture, the absence of any action to enforce the same, any waiver or consent by any
Holder with respect to any provisions hereof or thereof, the recovery of any judgment against an Issuer, any action to enforce the same or any other circumstance (other than complete performance) which might otherwise constitute a legal or equitable
discharge or defense of a Guarantor. Each Guarantor further, to the extent permitted by law, hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of an Issuer, any right to
require a proceeding first against an Issuer, protest, notice and all demands whatsoever and covenants that its Subsidiary Guarantee will not be discharged except by complete performance of the Obligations contained in the Notes, the Base Indenture
(as it relates to the Notes) and this Supplemental Indenture. 
 (c) If any Holder or the Trustee is required by any court or
otherwise to return to an Issuer, the Guarantors, or any Custodian, Trustee or other similar official acting in relation to any of the Issuers or the Guarantors, any amount paid by an Issuer or any Guarantor to the Trustee or such Holder, the
Subsidiary Guarantees, to the extent theretofore discharged, shall be reinstated in full force and effect. Each Guarantor agrees that it shall not be entitled to, and hereby waives, any right of subrogation in relation to the Holders in respect of
any Obligations guaranteed hereby. 
 (d) Each Guarantor further agrees that, as between the Guarantors, on the one hand, and
the Holders and the Trustee, on the other hand, (a) the maturity of the Obligations guaranteed hereby may be accelerated as provided in Article Six for the purposes of its Subsidiary Guarantee, notwithstanding any stay, injunction or
other prohibition preventing such acceleration in respect of the Obligations guaranteed thereby, and (b) in the event of any declaration of acceleration of such Obligations as provided in Article Six, such Obligations (whether or not due
and payable) shall forthwith become due and payable by the Guarantor for the purpose of its Subsidiary Guarantee. The Guarantors shall have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not
impair the rights of the Holders under the Subsidiary Guarantees. 
 Section 9.02 Limitation on Guarantor Liability. 

The obligations of each Guarantor under its Subsidiary Guarantee will be limited to the maximum amount as will, after giving effect to all
other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Subsidiary Guarantee or
pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under its Subsidiary Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal or state law and not otherwise
being void or voidable under any similar laws affecting the rights of creditors generally. 
 Section 9.03 Subsidiary Guarantee
Evidenced by Indenture; No Notation of Subsidiary Guarantee. 
 (a) The Subsidiary Guarantee of any Guarantor shall be
evidenced solely by its execution and delivery of this Supplemental Indenture (or, in the case of any Guarantor that is not party to this Supplemental Indenture on the Issue Date, a supplemental indenture) and not by an endorsement on, or attachment
to, any Note of any Subsidiary Guarantee or notation thereof. To effect any Subsidiary Guarantee of any Guarantor not a party to this Supplemental Indenture and the Base Indenture (as it relates to the Notes) on the Issue Date, such future Guarantor
shall execute and deliver a supplemental indenture substantially in the form of Exhibit B hereto, which supplemental indenture shall be executed and delivered on behalf of such Guarantor by an Officer of such Guarantor. 

  
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 (b) Each Guarantor hereby agrees that its Subsidiary Guarantee set forth in
Section 9.01 shall be and remain in full force and effect notwithstanding any failure to endorse on any Note a notation of such Subsidiary Guarantee. 

(c) The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the
Subsidiary Guarantees set forth in this Supplemental Indenture on behalf of each of the Guarantors. 
 Section 9.04 Guarantors May
Consolidate, etc., on Certain Terms. 
 (a) No Guarantor shall sell or otherwise dispose of all or substantially all of
its properties or assets to, or 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, (i) either (1) the Person acquiring the
properties or assets in any such sale or other disposition or the Person formed by or surviving any such consolidation or merger (if other than such Guarantor) unconditionally assumes all the obligations of such Guarantor, pursuant to a supplemental
indenture, substantially in the form of Exhibit B, under the Notes, this Supplemental Indenture and the Base Indenture (as it relates to the Notes) and its Subsidiary Guarantee on terms set forth therein, or (2) if the Person acquiring
the properties or assets in any such sale or disposition or the Person formed by or surviving any such consolidation or merger is not (either before or after giving effect to such transaction) a Guarantor, such transaction complies with the
provisions of Section 4.10, and (ii) immediately after giving effect to such transaction, no Default or Event of Default exists. 

(b) In the case of any such consolidation or merger and upon the assumption by the successor Person, by supplemental indenture,
executed and delivered to the Trustee and substantially in the form of Exhibit B, of the Subsidiary Guarantee and the due and punctual performance of all of the covenants of this Supplemental Indenture and the Base Indenture (as it relates to
the Notes) to be performed by the Guarantor, such successor Person shall succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor. 

Section 9.05 Releases of Guarantors. 

(a) The Subsidiary Guarantee of a Guarantor shall be released: (1) in connection with any sale or other disposition of all
or substantially all of the properties or assets of such Guarantor (including by way of merger or consolidation) to a Person that is not (either before 

  
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or after giving effect to such transaction) a Restricted Subsidiary of the Company, if the sale or other disposition complies with Section 4.10; (2) in connection with any sale
or other disposition of all of the Capital Stock of such Guarantor to a Person that is not (either before or after giving effect to such transaction) a Restricted Subsidiary of the Company, if the sale or other disposition complies with
Section 4.10; (3) if the Company designates any Restricted Subsidiary that is a Guarantor as an Unrestricted Subsidiary in accordance with Section 4.20; (4) upon Legal Defeasance or Covenant Defeasance or Discharge
in accordance with Article Seven or Article Ten; (5) upon the liquidation or dissolution of such Guarantor, provided no Default or Event of Default has occurred that is continuing; or (6) at such time as such Guarantor ceases
to guarantee any other Indebtedness of either of the Issuers and any other Guarantor. 
 (b) Upon delivery by the Company to
the Trustee of an Officers’ Certificate to the effect that any of the conditions described in Section 9.05(a) has occurred, the Trustee shall execute any documents reasonably requested by the Company in order to evidence the release
of any Guarantor from its obligations under its Subsidiary Guarantee. Any Guarantor not released from its obligations under its Subsidiary Guarantee shall remain liable for the full amount of principal of and interest and premium, if any, on the
Notes and for the other obligations of such Guarantor under this Supplemental Indenture and the Base Indenture (as it relates to the Notes) as provided in this Article Nine. 

Article Ten 

Satisfaction and Discharge 

Article IV of the Base Indenture shall not apply to the Notes except as, and to the extent, described in this Article Ten. 

Section 10.01 Satisfaction and Discharge. 

This Supplemental Indenture and the Base Indenture (as it relates to the Notes) shall be satisfied and discharged and shall cease to be of
further effect as to all Notes issued hereunder (except for (a) the rights of Holders of outstanding Notes to receive solely from the trust fund described in clause (b) of this Section 10.01, and as more fully set forth in such
clause (b), payments in respect of the principal of and interest and premium, if any, on such Notes when such payments are due, (b) the Issuers’ obligations with respect to such Notes under Section 304, Section 305 and
Section 306 of the Base Indenture and Section 4.02 and (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Issuers’ obligations in connection therewith), when: 

(1) either: 

(a) all Notes that have been authenticated, except lost, stolen or destroyed Notes that have been replaced or paid and Notes
for whose payment money has been deposited in trust and thereafter repaid to the Issuers, have been delivered to the Trustee for cancellation; or 

  
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 (b) all Notes that have not been delivered to the Trustee for cancellation have
become due and payable or will become due and payable within one year by reason of the mailing of a notice of redemption or otherwise, and the Issuers or any Guarantor has irrevocably deposited or caused to be deposited with the Trustee as trust
funds in trust solely for the benefit of the Holders, cash in U.S. dollars, non-callable Government Securities, or a combination of cash in U.S. dollars and non-callable Government Securities, in amounts as will be sufficient without consideration
of any reinvestment of interest, to pay and discharge the entire indebtedness on the Notes not delivered to the Trustee for cancellation for principal, premium, if any, and accrued interest to the date of fixed maturity or redemption; 

(2) no Default or Event of Default has occurred and is continuing on the date of the deposit or will occur as a result of the
deposit (other than a Default or Event of Default resulting from the incurrence of Indebtedness or other borrowing of funds, or the granting of Liens securing such Indebtedness or other borrowing of funds, all or a portion of which are to be applied
to such deposit) and the deposit will not result in a breach or violation of, or constitute a default under, any material agreement or instrument (other than this Supplemental Indenture and the Base Indenture (as it relates to the Notes)) to which
the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound; 
 (3) the
Issuers or any Guarantor has paid or caused to be paid all sums payable by it under this Supplemental Indenture and the Base Indenture (as it relates to the Notes); 

(4) the Issuers have delivered irrevocable instructions to the Trustee to apply the deposited money toward the payment of the
Notes at fixed maturity or the redemption date, as the case may be; and 
 (5) the Issuers have delivered an Officers’
Certificate and an Opinion of Counsel to the Trustee stating that all conditions precedent to satisfaction and discharge of this Supplemental Indenture and the Base Indenture (as it relates to the Notes) (“Discharge”) have been
satisfied; provided, however, that such counsel may rely, as to matters of fact, on a certificate or certificates of officers of the General Partner. 

Article Eleven 

Miscellaneous 

Section 11.01 Communication by Holders of Notes with Other Holders of Notes. 

Holders may communicate pursuant to Trust Indenture Act Section 312(b) with other Holders with respect to their rights under this
Supplemental Indenture, the Base Indenture (as it relates to the Notes) or the Notes. The Issuers, the Trustee, the Registrar and anyone else shall have the protection of Trust Indenture Act Section 312(c). 

  
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 Section 11.02 Certificate and Opinion as to Conditions Precedent. 

(a) Upon any request or application by an Issuer to the Trustee to take any action under this Supplemental Indenture or the
Base Indenture (as it relates to the Notes), such Issuer shall furnish to the Trustee: 
 (i) an Officers’ Certificate
in form and substance reasonably satisfactory to the Trustee (which shall include the statements set forth in Section 11.03) stating that, in the opinion of the signers, all conditions precedent and covenants, if any, provided for in
this Supplemental Indenture and the Base Indenture (as it relates to the Notes) relating to the proposed action have been satisfied; and 

(ii) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee (which shall include the statements
set forth in Section 11.03) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been satisfied. 

Section 11.03 Statements Required in Certificate or Opinion. 

(a) Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Supplemental
Indenture (other than a certificate provided pursuant to Trust Indenture Act Section 314(a)(4)) shall comply with the provisions of Trust Indenture Act Section 314(e) and shall include: 

(i) a statement that the person 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 person, he or she 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 satisfied; and 

(iv) a statement as to whether or not, in the opinion of such person, such condition or covenant has been satisfied. 

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

Any certificate or opinion of an Officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion
of, or representations by, counsel, unless such Officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to the matters upon which his certificate or opinion is based are
erroneous. Any such certificate or opinion of, or representation by, counsel may be 

  
 - 90 - 

 
based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an Officer or Officers of the Company stating that the information with respect to such
factual matters is in the possession of the Company unless such counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. 

Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or
other instruments under this Supplemental Indenture, they may, but need not, be consolidated and form one instrument. 
 Section 11.04
Governing Law. 
 THIS SUPPLEMENTAL INDENTURE, THE NOTES AND THE SUBSIDIARY GUARANTEES SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 Section 11.05 Trust Indenture Act Controls. 

If any provision of this Supplemental Indenture limits, qualifies or conflicts with the duties imposed by the Trust Indenture Act
§318(c), such imposed duties shall control. If any provision hereof limits, qualifies or conflicts with a provision of the Trust Indenture Act which is required to be a part of and govern the Indenture, such required provision of the Trust
Indenture Act shall control. If any provision of this Supplemental Indenture modifies or excludes any provision of the TIA that may be so modified or excluded, the provision of the Trust Indenture Act shall be deemed to apply to the Indenture as so
modified or shall be excluded, as the case may be. 
 Section 11.06 Successors. 

All agreements of the Issuers and the Guarantors in this Supplemental Indenture and the Notes shall bind their respective successors. All
agreements of the Trustee in this Supplemental Indenture shall bind its successors. 
 Section 11.07 Severability. 

In case any provision in this Supplemental Indenture or the Notes shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 11.08 Counterparts.

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

  
 - 91 - 

 Section 11.09 No Personal Liability of Directors, Officers, Employees and
Unitholders. 
 None of the General Partner or any past, present or future director, officer, partner, employee, incorporator, manager
or unitholder or other owner of Capital Stock of the General Partner, the Issuers or any Guarantor, as such, shall have any liability for any obligations of the Issuers or any Guarantor under the Notes, the Subsidiary Guarantees or this Indenture,
or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the
Notes. 
 Section 11.10 Table of Contents, Headings, Etc. 

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

Section 11.11 No Adverse Interpretation of Other Agreements. 

The Indenture (including this Supplemental Indenture) insofar as relating to the Notes may not be used to interpret any other indenture, loan
or debt agreement (including the Indenture (including any other supplemental indenture thereto) insofar as relating to any series of Securities other than the Notes) of the Issuers or any of the Company’s Subsidiaries or of any other Person.
Any such indenture, loan or debt agreement (including the Indenture (including any other supplemental indenture thereto) insofar as relating to any series of Securities other than the Notes) may not be used to interpret the Indenture (including this
Supplemental Indenture) insofar as relating to the Notes. 
 Section 11.12 Scope of this Supplemental Indenture. 

The changes, modifications and supplements to the Base Indenture effected by this Supplemental Indenture shall be applicable only with
respect to, and shall only govern the terms of, and shall be deemed expressly included in this Supplemental Indenture solely for the benefit of, the Notes which may be issued from time to time, and shall not apply to any other Securities that may be
issued under the Base Indenture unless a supplemental indenture with respect to such other Securities specifically incorporates such changes, modifications and supplements. 

Section 11.13 Ratification and Incorporation of Base Indenture. 

As supplemented hereby, the Base Indenture is in all respects ratified and confirmed, and the Base Indenture and this Supplemental Indenture
shall be read, taken and construed as one and the same instrument. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes shall be bound hereby. 

  
 - 92 - 

 Section 11.14 Covenants Not Applicable. 

In accordance with Section 301(18), Section 901(2) and Section 901(5) of the Base Indenture, (i) except as, and to the
extent, described herein, the covenants and agreements on the part of the Issuers in Section 501, Section 502, Section 504, Section 506, Section 507, Section 512, Section 513, Section 514, Section 1001,
Section 1002, Section 1004 and Section 1005, and Article IV, Article VIII, Article IX, Article X, Article XI, Article XIII and Article XIV of the Base Indenture are hereby eliminated from the Base Indenture in respect of, and shall
not apply to, and shall be deemed covenants included in the Supplemental Indenture solely for the benefit of a different series of Securities than, the Notes; and (ii) no Default or Event of Default with respect to the Notes shall arise, or be
deemed to exist as the result of any failure on the part of the Company duly to observe or perform any of such covenants or agreements. 

Section 11.15 Patriot Act. 

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

 Section 11.16 Benefits of Supplemental Indenture. 

Nothing in this Supplemental Indenture or the Base Indenture (as it relates to the Notes) or in the Notes, express or implied, shall give to
any Person, other than the parties to this Supplemental Indenture and their successors hereunder and the Holders of the Notes, any benefit or any legal or equitable right, remedy or claim under this Supplemental Indenture or the Base Indenture (as
it relates to the Notes). 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 - 93 - 

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

 

					
	ISSUERS:
	
	GENESIS ENERGY, L.P.
		
	By:	 	Genesis Energy, LLC,
		 	its general partner
		
	By:	 	 /s/ Grant E. Sims

		 	Name:	 	Grant E. Sims
		 	Title:	 	Chief Executive Officer
	
	GENESIS ENERGY FINANCE CORPORATION
		
	By:	 	 /s/ Grant E. Sims

		 	Name:	 	Grant E. Sims
		 	Title:	 	Chief Executive Officer
	
	GUARANTORS:
	
	GENESIS CRUDE OIL, L.P.
	GENESIS PIPELINE TEXAS, L.P.
	GENESIS PIPELINE USA, L.P.
	GENESIS CO2 PIPELINE, L.P.
	GENESIS NATURAL GAS PIPELINE, L.P.
	GENESIS SYNGAS INVESTMENTS, L.P.
		
	By:	 	GENESIS ENERGY, LLC,
		 	its general partner
		
	By:	 	 /s/ Grant E. Sims

		 	Name:	 	Grant E. Sims
		 	Title:	 	Chief Executive Officer

  
 [Signature Page to
Supplemental Indenture] 

 
					
	BR PORT SERVICES, LLC
	CASPER EXPRESS PIPELINE, LLC
	DAVISON PETROLEUM SUPPLY, LLC
	DAVISON TRANSPORTATION SERVICES, INC.
	DAVISON TRANSPORTATION SERVICES, LLC
	GEL CHOPS GP, LLC
	GEL LOUISIANA FUELS, LLC
	GEL ODYSSEY, LLC
	GEL OFFSHORE, LLC
	GEL OFFSHORE PIPELINE, LLC
	GEL POSEIDON, LLC
	GEL SEKCO, LLC
	GEL TEX MARKETING, LLC
	GEL WYOMING, LLC
	GENESIS BR, LLC
	GENESIS CHOPS I, LLC
	GENESIS CHOPS II, LLC
	GENESIS DAVISON, LLC
	GENESIS ENERGY, LLC
	GENESIS FREE STATE HOLDINGS, LLC
	GENESIS MARINE, LLC
	GENESIS NEJD HOLDINGS, LLC
	GENESIS ODYSSEY, LLC
	GENESIS OFFSHORE, LLC
	GENESIS PIPELINE ALABAMA, LLC
	GENESIS POSEIDON, LLC
	GENESIS RAIL SERVICES, LLC
	GENESIS SEKCO, LLC
	MILAM SERVICES, INC.
	PRONGHORN RAIL SERVICES, LLC
	RED RIVER TERMINALS, L.L.C.
	TDC, L.L.C.
	TDC SERVICES, LLC
	TEXAS CITY CRUDE OIL TERMINAL, LLC
	AP MARINE, LLC
	TBP2, LLC
	GEL PRCS, LLC
	POWDER RIVER EXPRESS, LLC
	POWDER RIVER OPERATING, LLC
	GEL TEXAS PIPELINE, LLC
	ANTELOPE REFINING, LLC
	POWDER RIVER CRUDE SERVICES, LLC
	THUNDER BASIN HOLDINGS, LLC
	THUNDER BASIN PIPELINE, LLC
	GENESIS OFFSHORE HOLDINGS, LLC
	GENESIS POSEIDON HOLDINGS, LLC
	GENESIS SAILFISH HOLDINGS, LLC
		
	By:	 	 /s/ Robert V. Deere

		 	Name:	 	Robert V. Deere
		 	Title:	 	Chief Financial Officer

  
 [Supplemental
Indenture Signature Page] 

 
					
	GEL CHOPS I, L.P.
	GEL CHOPS II, L.P.
		
	By:	 	GEL CHOPS GP, LLC,
		 	its general partner
		
	By:	 	 /s/ Robert V. Deere

		 	Name:	 	Robert V. Deere
		 	Title:	 	Chief Financial Officer

  
 [Supplemental
Indenture Signature Page] 

 
					
	U.S. Bank National Association,
	as Trustee
		
	By:	 	 /s/ Shazia Flores

		 	Name:	 	Shazia Flores
		 	Title:	 	Vice President

  
 [Supplemental
Indenture Signature Page] 

 EXHIBIT A 

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

	1 	Include only on Global Note. 

  
 A-1 

 GENESIS ENERGY, L.P. 

GENESIS ENERGY FINANCE CORPORATION 
  

			
	No.	  	$        
		
		  	 CUSIP No.

ISIN No.

 6.75% Senior Note due 2022 

Genesis Energy, L.P., a Delaware limited partnership, and Genesis Energy Finance Corporation, a Delaware corporation, jointly and severally
promise to pay to                     , or registered assigns, the principal sum of          Dollars [or such
greater or lesser amount as may be indicated on Schedule A hereto]1 on August 1, 2022. 

Interest Payment Dates: February 1 and August 1. 

Record Dates: January 15 and July 15. 

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

 

	1 	If this Note is a Global Note, add this provision and include the attachment captioned “[TO BE ATTACHED TO GLOBAL NOTES] — SCHEDULE A — SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE”.

  

  
 A-2 

 
			
	GENESIS ENERGY, L.P.
		
	By:	 	Genesis Energy, LLC,
		 	its general partner
		
	By:	 	  

		 	Name:
		 	Title:
	
	GENESIS ENERGY FINANCE CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-3 

 TRUSTEE’S CERTIFICATE OF 

AUTHENTICATION 
  

			
	U.S. Bank National Association,
	as Trustee, certifies that this is one of the Notes referred to in the Fourth Supplemental Indenture.
		
	By:	 	  

		 	Authorized Signatory
	
	Dated:

  
 A-4 

 [FORM OF REVERSE SIDE OF NOTE] 

6.75% Senior Note due 2022 

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

1. Interest. Genesis Energy, L.P., a Delaware limited partnership (the “Company”), and Genesis Energy Finance
Corporation, a Delaware corporation (“Finance Corp.” and, together with the Company, the “Issuers”), jointly and severally promise to pay interest on the principal amount of this Note at 6.75% per annum from
July 23, 2015 until maturity. The Issuers will pay interest, if any, semi-annually in arrears on February 1 and August 1 of each year (each an “Interest Payment Date”), commencing February 1, 2016. If an Interest
Payment Date falls on a day that is not a Business Day, the interest payment to be made on such Interest Payment Date will be made on the next succeeding Business Day with the same force and effect as if made on such Interest Payment Date, and no
additional interest will accrue solely as a result of such delayed payment. Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the date of original issuance; provided
that if there is no existing Default or Event of Default in the payment of interest, and if this Note 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, except in the case of the original issuance of Notes, in which case interest shall accrue from the date of authentication. The Issuers shall pay (i) interest (including post-petition interest in any
proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at a rate that is the then applicable interest rate on the Notes and (ii) interest (including post-petition interest in any proceeding
under any Bankruptcy Law) on overdue installments of interest and Additional Interest (without regard to any applicable grace periods) from time to time on demand at the same rate to the extent lawful. Interest will be computed on the basis of a
360-day year of twelve 30-day months. 
 2. Method of Payment. The Issuers will pay interest on the Notes (except defaulted
interest) to the Persons who are registered Holders of Notes at the close of business on the January 15 or July 15 next preceding the Interest Payment Date, even if such Notes are cancelled after such record date and on or before such
Interest Payment Date, except as provided in Section 307 of the Base Indenture with respect to defaulted interest. Holders must surrender Notes to the Paying Agent to collect payments of principal and premium, if any, together with accrued and
unpaid interest due at maturity. The Notes will be payable as to principal, premium, if any, and interest at the office or agency of the Issuers maintained for such purpose within the City and State of New York, or, at the option of the Issuers,
payment of interest may be made by check mailed to the Holders at their addresses set forth in the register of Holders, and provided that payment by wire transfer of immediately available funds will be required with respect to any amounts due on all
Global Notes and all other Notes the Holders of which shall have provided wire transfer instructions to the Issuers or the Paying Agent. Notwithstanding the foregoing, if this Note is a Global Note, payment may be made pursuant to the Applicable
Procedures of the Depository as permitted in the Indenture. Such payment shall 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. 

  
 A-5 

 3. Paying Agent and Registrar. Initially, U.S. Bank National Association, the Trustee
under the Indenture, will act as Paying Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to any Holder. The Company or any of its Subsidiaries may act in any such capacity. 

4. Indenture. The Issuers issued the Notes under an Indenture dated as of May 21, 2015 (the “Base Indenture”
and, as it may be amended or supplemented from time to time (including by the Fourth Supplemental Indenture referred to below) in accordance with the terms thereof, the “Indenture”) among the Issuers, the Initial Guarantors and the
Trustee, as supplemented by the Fourth Supplemental Indenture thereto dated as of July 23, 2015 (the “Fourth Supplemental Indenture”). The terms of the Notes include those stated in the Fourth Supplemental Indenture, the Base
Indenture (as it relates to the Notes) and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb). Notwithstanding anything to the contrary herein, the Notes are subject
to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. Any conflict between the Notes and the Fourth Supplemental Indenture and the Base Indenture (as it relates to the Notes) will be governed by the
Fourth Supplemental Indenture and the Base Indenture (as it relates to the Notes). Each Holder, by accepting a Note, agrees to be bound by all of the terms and provisions of the Fourth Supplemental Indenture and the Base Indenture (as it relates to
the Notes), as the same may be amended from time to time. The Notes are unsecured senior obligations of the Issuers the aggregate principal amount of which is unlimited. 

5. Optional Redemption. 

(a) Except as set forth in subparagraphs (b), (c) and (d) of this Paragraph 5, the Issuers shall not have the option to redeem the
Notes prior to August 1, 2018. On or after August 1, 2018, the Issuers shall have the option to redeem the Notes, in whole or in part at any time, upon prior notice as set forth in Paragraph 8, at the redemption prices (expressed as
percentages of principal amount) set forth below, plus accrued and unpaid interest to the applicable redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on an Interest Payment Date that is
on or prior to the redemption date), if redeemed during the twelve-month period beginning on August 1 of the years indicated below: 
  

					
	 Year
	  	Percentage	 
	 2018
	  	 	103.3750	% 
	 2019
	  	 	101.6875	% 
	 2020 and thereafter
	  	 	100.0000	% 

 (b) Notwithstanding the provisions of subparagraph (a) of this Paragraph 5, at any time prior to
August 1, 2018, the Issuers may on any one or more occasions redeem up to 35% of the aggregate principal amount of Notes (including any Additional Notes) issued under the Indenture at a redemption price of 106.75% of the principal amount
thereof, plus accrued and unpaid interest, if any, thereon to the redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on an Interest Payment Date that is on or prior to the redemption date),
in an amount not greater than the net cash proceeds of one or more Equity Offerings; provided that (i) at least 65% of the aggregate principal amount of Notes (including any Additional Notes) issued under the Fourth Supplemental Indenture
remains 

  
 A-6 

 
outstanding immediately after the occurrence of each such redemption (excluding any Notes held by the Company and its Subsidiaries) and (ii) each such redemption occurs within 120 days of
the date of the closing of each such Equity Offering. 
 (c) Prior to August 1, 2018, the Issuers may redeem all or part of the Notes
upon not less than 30 nor more than 60 days’ notice, at a redemption price equal to the sum of (1) the principal amount thereof, plus (2) accrued and unpaid interest, if any, to the redemption date (subject to the right of Holders of
record on the relevant record date to receive interest due on an interest payment date that is on or prior to the redemption date), plus (3) the Make-Whole Premium at the redemption date. 

(d) The Notes may also be redeemed, as a whole, following certain Change of Control Offers, at the redemption price and subject to the
conditions set forth in Section 4.15(h) of the Fourth Supplemental Indenture. 
 6. Mandatory Redemption. Except as set
forth in the Indenture, neither of the Issuers shall be required to make mandatory redemption or sinking fund payments with respect to the Notes. The Issuers may, at any time and from time to time, purchase Notes in open market purchases or
negotiated transactions by tender offer or otherwise. 
 7. Special Mandatory Redemption. If the Enterprise Offshore Business
Acquisition does not close on or prior to December 31, 2015 or the Enterprise Offshore Business Acquisition Agreement is terminated prior to the closing of such acquisition, the Issuers will be required to mail notice thereof to all Holders of
Notes and to redeem all of the Notes on such date specified in such notice as shall be no more than five Business Days (or such other minimum period not to exceed 30 days as required by the DTC), after the mailing of such notice at the Special
Mandatory Redemption Price. 
 8. Repurchase at Option of Holders. 

(a) Within 30 days following the occurrence of a Change of Control, unless the Issuers have previously or concurrently exercised their right
to redeem all of the Notes as described in paragraph 5 above, the Company shall make an offer (a “Change of Control Offer”) to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess of $2,000) of
each Holder’s Notes at a purchase price equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid interest to the date of settlement (the “Change of Control Settlement Date”), subject to the
right of Holders of record on the relevant record date to receive interest due on an Interest Payment Date that is on or prior to the Change of Control Settlement Date. Within 30 days following a Change of Control, unless the Issuers have previously
or concurrently exercised their right to redeem all of the Notes as described in paragraph 5 above, the Company shall mail a notice of the Change of Control Offer to each Holder and the Trustee describing the transaction that constitutes the Change
of Control and setting forth the procedures governing the Change of Control Offer as required by Section 4.15 of the Fourth Supplemental Indenture. 

(b) On the 361st day after an Asset Sale, if the aggregate amount of Excess Proceeds then exceeds $25.0 million, the Company shall commence
an offer to all Holders of 

  
 A-7 

 
Notes (an “Asset Sale Offer”) pursuant to Section 3.09 of the Fourth Supplemental Indenture, and to all holders of any Pari Passu Indebtedness then outstanding, to
purchase the maximum principal amount of Notes and such Pari Passu Indebtedness that may be purchased out of the Excess Proceeds, at an offer price in cash in an amount equal to 100% of the principal amount of the Notes plus accrued and unpaid
interest thereon to the Settlement Date, subject to the right of Holders of record on the relevant record date to receive interest due on an Interest Payment Date that is on or prior to the Settlement Date, in accordance with the procedures set
forth in the Fourth Supplemental Indenture. If any Excess Proceeds remain after consummation of an Asset Sale Offer, the Company may use such remaining Excess Proceeds for any purpose not otherwise prohibited by the Fourth Supplemental Indenture. If
the aggregate principal amount of Notes surrendered by Holders thereof and Pari Passu Indebtedness surrendered by holders or lenders, collectively, exceeds the amount of Excess Proceeds, the Trustee shall select the Notes and Pari Passu Indebtedness
to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Trustee so that only Notes in denominations of $2,000, or integral multiples of $1,000 in excess of $2,000, shall be purchased) on the basis of the
aggregate principal amount of tendered Notes and Pari Passu Indebtedness. Holders of Notes that are the subject of an offer to purchase will receive an Asset Sale Offer from the Company prior to any related purchase date and may elect to have such
Notes purchased by completing the form entitled “Option of Holder to Elect Purchase” on the reverse of the Notes. 
 9. Notice
of Redemption. Notice of redemption will be mailed at least 30 days but not more than 60 days (except as otherwise provided in the Fourth Supplemental Indenture if the notice is issued in connection with a Legal Defeasance, Covenant Defeasance,
Discharge or a Special Mandatory Redemption Event) before the redemption date to each Holder whose Notes are to be redeemed at its registered address. If mailed in the manner provided for in Section 3.03 of the Fourth Supplemental
Indenture, the notice of optional redemption shall be conclusively presumed to have been given whether or not a Holder receives such notice. Failure to give timely notice or any defect in the notice shall not affect the validity of the redemption.
Notes in denominations larger than $2,000 may be redeemed in part but only in whole multiples of $1,000 in excess of $2,000, unless all of the Notes held by a Holder are to be redeemed. On and after the redemption date interest shall cease to accrue
on Notes or portions thereof called for redemption. 
 10. Guarantees. The payment by the Issuers of the principal of and premium
and interest on the Notes is fully and unconditionally guaranteed on a joint and several senior unsecured basis by each of the Guarantors to the extent set forth in the Indenture. 

11. Denominations, Transfer, Exchange. The Notes are in registered form without coupons in denominations of $2,000 and integral
multiples of $1,000 in excess of $2,000. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and 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 taxes due on transfer or exchange. The Issuers need not exchange or register the transfer of any Note or portion of a Note selected for redemption, except for the unredeemed portion
of any Note being redeemed in part. Also, they need not exchange or register the transfer of any Notes for a period of 15 days before a selection of Notes to be redeemed. 

  
 A-8 

 12. Persons Deemed Owners. The registered holder of a Note shall be treated as its owner
for all purposes. 
 13. Amendment, Supplement and Waiver. Subject to certain exceptions, the Indenture or the Notes may be amended
or supplemented with the consent of the Holders of at least a majority in principal amount of the then outstanding Notes, and any existing default or compliance with any provision of the Indenture or the Notes may be waived with the consent of the
Holders of a majority in principal amount of the then outstanding Notes. Without the consent of any Holder of a Note, the Indenture or the Notes may be amended or supplemented (1) to cure any ambiguity, defect or inconsistency, (2) to
provide for uncertificated Notes in addition to or in place of certificated Notes, (3) to provide for the assumption of an Issuer’s obligations to Holders of the Notes pursuant to Article Five of the Fourth Supplemental Indenture,
(4) to make any change that would provide any additional rights or benefits to the Holders of the Notes or that does not adversely affect the legal rights of any Holder of the Notes, (5) to secure the Notes or the Subsidiary Guarantees
pursuant to Section 4.12 of the Fourth Supplemental Indenture or otherwise, (6) to provide for the issuance of Additional Notes in accordance with the limitations set forth in the Fourth Supplemental Indenture, (7) to add any
additional Guarantor with respect to the Notes or to evidence the release of any Guarantor from its Subsidiary Guarantee, in each case as provided in the Fourth Supplemental Indenture, (8) to comply with the requirements of the SEC in order to
effect or maintain the qualification of the Fourth Supplemental Indenture and the Base Indenture (as it relates to the Notes) with respect to the Notes under the Trust Indenture Act, (9) to evidence or provide for the acceptance of appointment
under the Indenture of a successor Trustee, (10) to provide for the reorganization of the Company as any other form of entity in accordance with Section 5.01(c) of the Fourth Supplemental Indenture or (11) to conform the text
of the Base Indenture (as it relates to the Notes), the Fourth Supplemental Indenture or the Notes to any provision of the section entitled “Description of Notes” in the Prospectus Supplement relating to the Notes dated July 16, 2015.

 14. Defaults and Remedies. Events of Default include: (i) default for 30 days in the payment when due of interest on the
Notes; (ii) default in payment when due of the principal of or premium, if any, on the Notes when due at Stated Maturity, upon optional redemption, upon required repurchase, upon declaration or otherwise; (iii) failure by the Company to
comply with Section 5.01 of the Fourth Supplemental Indenture; (iv) failure by the Company for 180 days after notice to comply with Section 4.03 of the Fourth Supplemental Indenture; (v) failure by the Company for
60 days after notice to comply with any of its other agreements in the Fourth Supplemental Indenture (including Sections 3.09, 4.10 and 4.15 of the Fourth Supplemental Indenture), the Base Indenture (as it relates to the Notes)
or the Notes; (vi) default under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries (or
the payment of which is guaranteed by the Company or any of its Restricted Subsidiaries), whether such Indebtedness or guarantee now exists or is created after the Issue Date, if such default (a) is caused by a failure to pay principal of, or
premium or interest, if any, on such Indebtedness prior to the expiration of any 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 in
excess of $20.0 million, 

  
 A-9 

 
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 60 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 Notes shall be automatically rescinded, so long as such rescission does
not conflict with any judgment or decree; (vii) failure by the Company or any of its Restricted Subsidiaries to pay final judgments aggregating in excess of $20.0 million (to the extent not covered by insurance by a reputable and creditworthy
insurer as to which the insurer has not disclaimed coverage), which judgments are not paid, discharged or stayed for a period of 60 days; (viii) any Subsidiary Guarantee is held in any judicial proceeding to be unenforceable or invalid or
ceases for any reason to be in full force and effect or any Guarantor, or any Person acting on behalf of any Guarantor, denies or disaffirms its obligations under its Subsidiary Guarantee (other than, in any such case, by reason of release of a
Guarantor in accordance with Section 9.05 of the Fourth Supplemental Indenture); and (ix) certain events of bankruptcy, insolvency or reorganization with respect to the Company, Finance Corp., any of the Company’s Restricted
Subsidiaries that is a Significant Subsidiary of the Company or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary of the Company as specified in Section 6.01(a)(ix) or
6.01(a)(x) of the Fourth Supplemental Indenture. If any Event of Default occurs and is continuing, the Trustee, by notice to the Issuers, or the Holders of at least 25% in principal amount of the then outstanding Notes, by notice to the
Issuers and the Trustee, may declare all the Notes to be due and payable immediately. Notwithstanding the preceding, in the case of an Event of Default arising from such events of bankruptcy, insolvency or reorganization described in
Section 6.01(a)(ix) or 6.01(a)(x) of the Fourth Supplemental Indenture, all outstanding Notes will become due and payable without further action or notice. Holders may not enforce the Fourth Supplemental Indenture, the Base
Indenture (as it relates to the Notes) or the Notes except as provided in the Fourth Supplemental Indenture and the Base Indenture (as it relates to the Notes). Subject to certain limitations, Holders of a majority in principal amount of the then
outstanding Notes may direct the Trustee in its exercise of any trust or power conferred on it. The Trustee may withhold from Holders of the Notes notice of any continuing Default or Event of Default (except a Default or Event of Default relating to
the payment of principal, interest or premium) if it determines that withholding notice is in their interest. The Holders of a majority in principal amount of the Notes then outstanding by notice to the Trustee may on behalf of the Holders of all of
the Notes waive any existing Default or Event of Default and its consequences under the Fourth Supplemental Indenture and the Base Indenture (as it relates to the Notes) except a continuing Default or Event of Default in the payment of the principal
of or premium or interest on the Notes. The Issuers are required to deliver to the Trustee annually a statement regarding compliance with the Fourth Supplemental Indenture and the Base Indenture (as it relates to the Notes), and, so long as any
Notes are outstanding, the Issuers are required upon certain Officers becoming aware of any Default or Event of Default, to deliver to the Trustee a statement specifying such Default or Event of Default. 

15. Defeasance and Discharge. The Notes are subject to defeasance and discharge upon the terms and conditions specified in the Fourth
Supplemental Indenture. 
 16. No Recourse Against Others. None of the General Partner or any past, present or future director,
officer, partner, employee, incorporator, manager or unitholder or other owner of Capital Stock of the General Partner, the Issuers or any Guarantor, as such, shall have any 

  
 A-10 

 
liability for any obligations of the Issuers or any Guarantor under the Notes, the Subsidiary Guarantees or the Indenture, or for any claim based on, in respect of, or by reason of, such
obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Notes. 

17. Authentication. This Note shall not be valid until authenticated by the manual signature of an authorized signatory of the Trustee
or an authenticating agent. 
 18. 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). 

19. CUSIP Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the
Issuers have caused CUSIP numbers and corresponding ISIN numbers to be printed on the Notes and the Trustee may use CUSIP numbers and corresponding ISIN 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 Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 

20. Governing Law. THE INDENTURE AND THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
 21. Successors. In the event a successor assumes all the obligations of an Issuer under the Notes and the Fourth
Supplemental Indenture and the Base Indenture (as it relates to the Notes), pursuant to the terms thereof, such Issuer will be released from all such obligations. 

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

Genesis Energy, L.P. 
 919
Milam, Suite 2100 
 Houston, Texas 77002 

Attention: Chief Financial Officer 

  
 A-11 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 I or we assign and
transfer this Note to 
 (Print or type assignee’s name, address and zip code) 

(Insert assignee’s Soc. Sec. or tax I.D. No.) 

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

							
	Date:	 		 	Your
		 		 	Signature:
				
		 		 		 	Sign exactly as your name appears on the other side of this Note.

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

  
 A-12 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 4.10 or Section 4.15 of the Fourth Supplemental
Indenture, check the box below: 
  ̈    Section
4.10                     ̈    Section 4.15 

If you want to elect to have only part of this Note purchased by the Company pursuant to Section 4.10 or Section 4.15 of the Fourth
Supplemental Indenture, state the amount (in minimum denomination of $2,000 or integral multiples of $1,000 in excess of $2,000) you elected to have purchased: $ 
  

							
	Date:	 		 	Your
		 		 	Signature:
				
		 		 		 	(Sign exactly as your name appears on the other side of this Note)
				
		 		 		 	Soc. Sec. or Tax Identification No.:

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

  
 A-13 

 [TO BE ATTACHED TO GLOBAL NOTE] 

SCHEDULE A 
 SCHEDULE OF INCREASES
OR DECREASES IN GLOBAL NOTE 
 The following increases or decreases in this Global Note have been made: 

 

									
	 Date
	  	Amount of
decrease in
Principal Amount
of this Global
Note	  	Amount of
increase in
Principal Amount
of this Global
Note	  	Principal Amount
of this Global
Note following
such decrease or
increase	  	Signature of
authorized officer
of Trustee or
Notes Custodian
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  
 A-14 

 EXHIBIT B 

GENESIS ENERGY, L.P., 
 GENESIS
ENERGY FINANCE CORPORATION 
 and 

the Guarantors named herein 

6.75% SENIOR NOTES DUE 2022 
 FORM
OF SUPPLEMENTAL INDENTURE 
 SUBSIDIARY GUARANTEE 

DATED AS OF             
    ,         
 U.S. BANK NATIONAL ASSOCIATION, 

Trustee 

  
 B-1 

 This SUPPLEMENTAL INDENTURE, dated as of
                 ,         (this “Supplemental Indenture”), is among Genesis Energy, L.P., a Delaware limited
partnership (the “Company”), Genesis Energy Finance Corporation, a Delaware corporation (“Finance Corp.” and, together with the Company, the “Issuers”), the Guarantors, each of the parties
identified under the caption “New Guarantors” on the signature pages hereto (the “New Guarantors”) and U.S. Bank National Association, a national banking association, as Trustee. 

RECITALS 
 WHEREAS, the Issuers,
the Initial Guarantors and the Trustee entered into an indenture dated May 21, 2015 (the “Base Indenture”), as amended, supplemented and modified by a Fourth Supplemental Indenture dated July 23, 2015 (the “Fourth
Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), pursuant to which the Issuers have issued $         in the aggregate principal amount of 6.75% Senior
Notes due 2022 (the “Notes”); 
 WHEREAS, Section 8.01 of the Fourth Supplemental Indenture provides that the
Issuers, the Guarantors and the Trustee may amend or supplement the Fourth Supplemental Indenture and the Base Indenture (as it relates to the Notes) in order to comply with Section 4.13 or Section 9.04 of the Fourth Supplemental
Indenture, without the consent of the Holders of the Notes; and 
 WHEREAS, all acts and things necessary to make this Supplemental
Indenture a valid and legally binding agreement according to its terms, and a valid and legally binding amendment of and supplement to, the Indenture, have been duly done and performed. 

NOW, THEREFORE, to comply with the provisions of the Indenture and in consideration of the above premises, the Issuers, the Guarantors, the
New Guarantors and the Trustee covenant and agree for the equal and proportionate benefit of the respective Holders of the Notes as follows: 

ARTICLE 1 

Section 1.01. This Supplemental Indenture is supplemental to the Indenture and does and shall be deemed to form a part of, and
shall be construed in connection with and as part of, the Indenture for any and all purposes. 
 Section 1.02. This
Supplemental Indenture shall become effective immediately upon its execution and delivery by each of the Issuers, the Guarantors, the New Guarantors and the Trustee. 

ARTICLE 2 
 From this date, in
accordance with Section 9.03 of the Fourth Supplemental Indenture and by executing this Supplemental Indenture, each New Guarantor shall be subject to the provisions of the Fourth Supplemental Indenture and the Base Indenture (as it relates to
the Notes) to the extent provided for in Article Nine of the Fourth Supplemental Indenture. Each New Guarantor hereby becomes a party to the Indenture as a Guarantor with respect to the Notes 

  
 B-2 

 
and as such will have all of the rights and be subject to all of the obligations and agreements of a Guarantor under the Indenture with respect to the Notes. Each New Guarantor agrees to be bound
by all of the provisions of the Indenture applicable to a Guarantor with respect to the Notes and to perform all of the obligations and agreements of a Guarantor under the Indenture with respect to the Notes. 

ARTICLE 3 

Section 3.01. Except as specifically modified herein, the Indenture and the Notes are in all respects ratified and confirmed
(mutatis mutandis) and shall remain in full force and effect in accordance with their terms with all capitalized terms used herein without definition having the same respective meanings ascribed to them as in the Fourth Supplemental
Indenture. 
 Section 3.02. 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. 

Section 3.03. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
 Section 3.04. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an
original, but all of such executed copies together shall represent the same agreement. 
 [NEXT PAGE IS SIGNATURE PAGE] 

  
 B-3 

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

					
	GENESIS ENERGY, L.P.
		
	By:	 	 Genesis Energy, LLC,
 its general
partner

		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	GENESIS ENERGY FINANCE CORPORATION
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	GUARANTORS
	
	[INSERT SIGNATURE BLOCK FOR EACH GUARANTOR]
	
	NEW GUARANTORS
	
	[INSERT SIGNATURE BLOCK FOR EACH NEW GUARANTOR]

  
 B-4 

 
					
	U.S. BANK NATIONAL ASSOCIATION,
	as Trustee
		
	By:	 	  

			
		 	Name:	 	
		 	Title:	 	

  
 B-5

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