Document:

EX-4.2

 Exhibit 4.2 

Execution Version 

NOBLE ENERGY, INC. 
 to 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Trustee 
  

 
 Sixth Supplemental Indenture 

dated as of July 29, 2015 
 to

 Indenture 
 dated as of
February 27, 2009 
  
  

$700,000,000 5.625% Senior Notes due 2021 

$600,000,000 5.875% Senior Notes due 2022 

$500,000,000 5.875% Senior Notes due 2024 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE I RELATION TO INDENTURE; DEFINITIONS
	  	 	1	  
			
	 Section 1.01
	 	 Relation To Indenture
	  	 	1	  
			
	 Section 1.02
	 	 Rules of Interpretation; Definitions
	  	 	1	  
		
	 ARTICLE II THE SERIES OF DEBT SECURITIES
	  	 	1	  
			
	 Section 2.01
	 	 Title of the Debt Securities
	  	 	1	  
			
	 Section 2.02
	 	 Limitations on Aggregate Principal Amount
	  	 	2	  
			
	 Section 2.03
	 	 Registered Securities; Global Form
	  	 	2	  
			
	 Section 2.04
	 	 Forms and Terms of Notes
	  	 	2	  
			
	 Section 2.05
	 	 Registrar and Paying Agent
	  	 	2	  
			
	 Section 2.06
	 	 Applicability of Certain Indenture Provisions
	  	 	3	  
		
	 ARTICLE III MISCELLANEOUS PROVISIONS
	  	 	3	  
			
	 Section 3.01
	 	 Ratification of Indenture
	  	 	3	  
			
	 Section 3.02
	 	 Governing Law
	  	 	3	  
			
	 Section 3.03
	 	 Counterparts
	  	 	3	  
			
	 Section 3.04
	 	 Recitals
	  	 	3	  

  
 i 

 SIXTH SUPPLEMENTAL INDENTURE, dated as of July 29, 2015 (this “Supplemental
Indenture”), between NOBLE ENERGY, INC., a corporation duly organized and existing under the laws of the State of Delaware (the “Company”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as
trustee (the “Trustee”). 
 RECITALS OF THE COMPANY 

WHEREAS, the Company has heretofore delivered to the Trustee an Indenture dated as of February 27, 2009, as amended and supplemented from
time to time (the “Indenture”), providing for the issuance from time to time of debt securities of the Company (the “Debt Securities”). 

WHEREAS, Section 3.01 of the Indenture provides that various matters with respect to any series of Debt Securities issued under the
Indenture may be established in an indenture supplemental to the Indenture. 
 WHEREAS, Section 12.01(f) of the Indenture provides for
the Company and the Trustee to enter into an indenture supplemental to the Indenture to establish the form or terms of Debt Securities of any series as contemplated by Sections 2.01 and 3.01 of the Indenture. 

WHEREAS, all the conditions and requirements necessary to make this Supplemental Indenture, when duly executed and delivered, a valid and
legally binding agreement in accordance with its terms and for the purposes herein expressed, have been performed and fulfilled. 
 NOW,
THEREFORE, THIS INDENTURE WITNESSETH: 
 For and in consideration of the premises and the purchase of the series of Debt Securities provided
for herein by the Holders thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the series of Debt Securities provided for herein, as follows: 

ARTICLE I 

RELATION TO INDENTURE; DEFINITIONS 
  

	 	Section 1.01	Relation To Indenture. 

 This Supplemental Indenture constitutes an integral part of the
Indenture. 
  

	 	Section 1.02	Rules of Interpretation; Definitions. 

 The first paragraph of Section 1.01 of the
Indenture is fully incorporated by reference into this Supplemental Indenture. For all purposes of this Supplemental Indenture, except as otherwise expressly provided or unless the context otherwise requires, capitalized terms used but not defined
herein shall have the respective meanings assigned to them in the Indenture. 
 ARTICLE II 

THE SERIES OF DEBT SECURITIES 
  

	 	Section 2.01	Title of the Debt Securities. 

 There are hereby created under the Indenture a series of
Debt Securities designated the “5.625% Senior Notes due 2021” (the “2021 Senior Notes”), a series of Debt Securities designated the “5.875% Senior Notes due 2022” (the “2022 Senior Notes”) and a
series of Debt Securities designated the “5.875% Notes due 2024” (the “2024 Senior Notes” and, collectively with the 2021 Senior Notes and the 2022 Senior Notes, the “Notes”). 

	 	Section 2.02	Limitations on Aggregate Principal Amount. 

 The aggregate principal amount of the 2021
Senior Notes shall be initially limited to $700,000,000, the aggregate principal amount of the 2022 Senior Notes shall be initially limited to $600,000,000 and the aggregate principal amount of the 2024 Senior Notes shall be initially limited to
$500,000,000; provided that the Company may, without the consent of the Holders of Outstanding Notes of a series, increase the principal amount of the Notes Outstanding of such series by issuing additional Notes (“Additional
Notes”) of such series in the future so that the Additional Notes may be consolidated and form a single series with Notes Outstanding of such series on the same terms and conditions (including, without limitation, the right to receive
accrued and unpaid interest), except for differences in the issue price and issue date of the Additional Notes and the initial Interest Payment Date, if applicable, and with the same CUSIP number as the Notes then Outstanding of such series;
provided that such Additional Notes of a series are fungible with previously issued Notes of such series for U.S. federal income tax purposes. No Additional Notes of a series may be issued if an Event of Default has occurred and is continuing
with respect to the Notes of such series. Any Additional Notes of a series shall rank equally and ratably with the Notes of such series then Outstanding and shall be treated as a single series for all purposes hereunder and under the Indenture. From
and after the issue date of any Additional Notes of a series, any reference herein to “Notes” shall include such Additional Notes of such series. 

Except as provided in this Section, the Company shall not execute and the Trustee shall not authenticate or deliver Notes of a series in
excess of the aggregate principal amount specified in the preceding paragraph. 
 Nothing contained in this Section 2.02 or elsewhere
in this Supplemental Indenture, or in the Notes, is intended to or shall limit execution by the Company or authentication or delivery by the Trustee of the Notes under the circumstances contemplated in Section 3.05, 3.06, 4.06 and 12.06 of the
Indenture. 
  

	 	Section 2.03	Registered Securities; Global Form. 

 The Notes shall be issuable and transferable in
fully registered form, without coupons. The Notes shall be issued in the form of one or more permanent Global Securities subject to any requirements of the Indenture for the issuance of definitive Notes in exchange therefor. The Depositary for the
Notes shall be The Depository Trust Company. Beneficial interests in the Global Securities evidencing the Notes of a series shall not be exchangeable for Notes of such series in definitive form except as provided in Section 2.03 of the
Indenture. 
  

	 	Section 2.04	Forms and Terms of Notes. 

 The 2021 Senior Notes shall be substantially in the form
attached as Exhibit A hereto and shall have the terms specified therein. The 2022 Senior Notes shall be substantially in the form attached as Exhibit B hereto and shall have the terms specified therein. The 2024 Senior Notes shall be
substantially in the form attached as Exhibit C hereto and shall have the terms specified therein. 
  

	 	Section 2.05	Registrar and Paying Agent. 

 The Trustee shall initially serve as Debt Security
Registrar and Paying Agent for the Notes. 

  
 2 

	 	Section 2.06	Applicability of Certain Indenture Provisions. 

 The provisions of Article VI of the
Indenture, including Section 6.06 thereof, shall be applicable to the Notes. The provisions of Article XIII of the Indenture relating to defeasance and covenant defeasance shall be applicable to the Notes. 

ARTICLE III 

MISCELLANEOUS PROVISIONS 
  

	 	Section 3.01	Ratification of Indenture. 

 Except as expressly modified or amended hereby, the
Indenture continues in full force and effect and is in all respects confirmed and preserved. 
  

	 	Section 3.02	Governing Law. 

 This Supplemental Indenture and each Note shall be governed by and
construed in accordance with the laws of the State of New York. This Supplemental Indenture is subject to the provisions of the Trust Indenture Act of 1939, as amended, and shall, to the extent applicable, be governed by such provisions. 

 

	 	Section 3.03	Counterparts. 

 This Supplemental Indenture may be executed in any number of
counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 
  

	 	Section 3.04	Recitals. 

 The recitals contained herein shall be taken as statements of the Company,
and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture. 

[signature page follows] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed by their respective officers hereunto duly authorized, all as of the day and year first written above. 
  

					
	NOBLE ENERGY, INC.
		
	By:	 	             /s/ Kenneth M.
Fisher

		 	Name:	 	Kenneth M. Fisher
		 	Title:	 	Chief Financial Officer

  

					
	Attest:
		
	By:	 	             /s/ Aaron G.
Carlson

		 	Name:	 	Aaron G. Carlson
		 	Title:	 	Associate General Counsel and Assistant Secretary

  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Patrick T. Giordano

		 	Authorized Representative

 [Signature Page - Sixth Supplemental Indenture] 

 Exhibit A to 

Sixth Supplemental Indenture 

UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”), 55 WATER STREET, NEW
YORK, NEW YORK TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND SUCH SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO., OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

TRANSFERS OF THIS SECURITY SHALL BE LIMITED TO TRANSFERS, IN WHOLE BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE EXCEPT AS OTHERWISE PROVIDED IN THE INDENTURE REFERRED TO ON THE REVERSE SIDE OF THIS CERTIFICATE. 
 NOBLE ENERGY,
INC. 
 5.625% Senior Note Due 2021 
  

			
	REGISTERED	  	PRINCIPAL AMOUNT
	No.                     	  	$            

 CUSIP NO. 
 NOBLE
ENERGY, INC., a Delaware corporation (herein referred to as the “Company” which term includes any successor entity under the Indenture herein referred to), for value received, hereby promises to pay to CEDE & CO., or
registered assigns, upon presentation, the principal sum of $         on May 1, 2021 (the “Stated Maturity Date”) and to pay interest thereon from May 1, 2015 or from the most recent
Interest Payment Date to which interest has been paid or duly provided for, semi-annually in arrears on May 1 and November 1 of each year (each, an “Interest Payment Date”), commencing November 1, 2015, at the rate of
5.625% per annum, until the principal hereof is paid or duly provided for. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Holder in whose name
this Security (or one or more Predecessor Debt Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the April 15 or October 15 (whether or not a Business Day), as the case may be,
next preceding such Interest Payment Date at the office or agency of the Company maintained for such purpose; provided that such interest may be paid, at the Company’s option, by mailing a check to such Holder at its registered address.
Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date, and may be paid to the Holder in whose name this Security (or one or more Predecessor Debt Securities) is
registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities not less than ten days prior to such Special Record Date, or
may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the
Indenture. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. The Company will pay, to the extent lawful, interest (including post-petition interest in any proceeding under any applicable federal or state
bankruptcy, insolvency, reorganization or other similar law) on overdue principal and interest at the rate per annum borne by this Security. 

  
 Exhibit A - 1 

 Payment of the principal of and interest on this Security will be made at the Corporate Trust
Office of the Trustee in the City of Dallas, Texas or the office of the Trustee in The City of New York, New York, 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. The Company, however, may pay principal and interest by check payable in such money. At the option of the Company, payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in
the Debt Security Register; provided that, notwithstanding anything else contained herein, if this Security is a Global Security and is held in book-entry form through the facilities of the Depositary, payments on this Security will be made
to the Depositary or its nominee in accordance with the arrangements then in effect between the Trustee and the Depositary. 
 In any case
where any Interest Payment Date or Redemption Date or the Stated Maturity Date of this Security shall not be a Business Day, then the related payment of interest or principal and premium, if any, need not be made on such date, but may be made on the
next succeeding Business Day with the same force and effect as if made on such Interest Payment Date or Redemption Date or on the Stated Maturity Date, and, if such payment is made or duly provided for on such Business Day, no interest shall accrue
on the amount so payable for the period from and after such Interest Payment Date, Redemption Date or the Stated Maturity Date, as the case may be, to such Business Day. For purposes of this Security, the term “Business Day” means
any day, other than a Saturday or Sunday, that is not a day on which banking institutions or trust companies are generally authorized or required by law, regulation or executive order to close in The City of New York. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 Unless the Certificate of Authentication hereon has been executed by the
Trustee by manual signature of one of its authorized signatories, this Security shall not be entitled to any benefit under the Indenture, or be valid or obligatory for any purpose. 

  
 Exhibit A - 2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be executed by one of its duly
authorized officers. 
  

			
	Dated:	 	  

  

					
	NOBLE ENERGY, INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  

					
	Attest:
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION: 

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

 

			
	Dated:	 	  

  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Representative

  
 Exhibit A - 3 

 [Reverse of Note] 

NOBLE ENERGY, INC. 
 This
Security is one of a duly authorized issue of Debt Securities of the Company designated as its “5.625% Senior Notes due 2021” (herein called the “Securities”), initially limited in aggregate principal amount of
$700,000,000 issued under an Indenture dated as of February 27, 2009, as amended and supplemented by the First Supplemental Indenture thereto dated as of February 27, 2009, the Second Supplemental Indenture thereto dated as of
February 18, 2011, the Third Supplemental Indenture thereto dated as of December 8, 2011, the Fourth Supplemental Indenture thereto dated as of November 8, 2013, the Fifth Supplemental Indenture thereto dated as of November 7,
2014 and the Sixth Supplemental Indenture thereto dated as of July 29, 2015 (as so amended and supplemented, and as hereafter amended and supplemented from time to time, the “Indenture”), between the Company and Wells Fargo
Bank, National Association, as trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture with respect to the series of which this Debt Security is a part), to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the
Securities are, and are to be, authenticated and delivered. To the extent that any provision of this Security conflicts with the express provisions of the Indenture, the provisions of this Security will govern and be controlling (to the extent
permitted by law). All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

Except as otherwise described herein, the Company will not be entitled to redeem the Securities at its option prior to May 1, 2017. The
Securities will be redeemable, at the Company’s option, in whole at any time or in part from time to time, on and after May 1, 2017, upon not less than 30 nor more than 60 days’ notice, at the following Redemption Prices (expressed as
percentages of the principal amount thereof) if redeemed during the twelve-month period commencing on May 1 of the years set forth below, plus, in each case, unpaid accrued interest, if any, thereon to the Redemption Date: 

 

					
	 Year
	  	Percentage	 
	 2017
	  	 	102.813	% 
	 2018
	  	 	101.406	% 
	 2019 and thereafter
	  	 	100.000	% 

 In addition, the Securities may be redeemed, in whole or in part, at any time prior to May 1, 2017 at the
option of the Company upon not less than 30 nor more than 60 days’ prior notice sent to each Holder at its registered address, at a Redemption Price equal to 100% of the principal amount of the Securities redeemed plus the Applicable Premium as
of, and accrued and unpaid interest to, the applicable Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). 

“Applicable Premium” means, with respect to any Security on any applicable Redemption Date, the greater of: 

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

(2) the excess, if any, of: 

(a) the present value at such Redemption Date of (i) the Redemption Price of such Security at May 1, 2017 (such
Redemption Price being set forth in the table 

  
 Exhibit A - 4 

 
appearing above) plus (ii) all required interest payments (excluding accrued and unpaid interest to such Redemption Date) due on such Security through May 1, 2017 computed using a
discount rate equal to the Treasury Rate as of such Redemption Date plus 50 basis points; over 
 (b) the principal amount of
such Security. 
 “Treasury Rate” means, as of any Redemption Date, the yield to maturity at the time of computation of
United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) which has become publicly available at least two Business Days prior to the Redemption Date
(or, if such Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the Redemption Date to May 1, 2017; provided, however, that if the period from
the Redemption Date to May 1, 2017 is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the nearest
one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the Redemption Date to May 1, 2017 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 as of 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 Applicable Premium and the Treasury Rate and showing the calculation of each in reasonable detail. 

“Redemption Date” when used with respect to any Security to be redeemed, means the date fixed for such redemption pursuant to
the Indenture and the Security. 
 “Redemption Price” when used with respect to any Security to be redeemed, means the
price fixed for such redemption, including principal and premium, if any, pursuant to the Indenture and the Security. 
 Notice of
redemption will be sent to Holders of Securities, at least 30 but not more than 60 days prior to the Redemption Date, all as provided in the Indenture. 

In the case of any partial redemption, selection of the Securities for redemption will be made by the Trustee in compliance with the
requirements of the principal national securities exchange, if any, on which the Securities are listed or, if the Securities are not listed, then on a pro rata basis, by lot (or, in the case of Securities in global form, the Securities represented
thereby will be selected in accordance with the Depositary’s prescribed method) and in such manner as complies with applicable legal requirements. If any Security is to be redeemed in part only, the notice of redemption relating to such
Security will state the portion of the principal amount thereof to be redeemed. 
 In the event of redemption of this Security in part only,
a new Security or Securities for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the cancellation hereof. 

If an Event of Default with respect to the Securities shall occur and be continuing, the principal of the Securities may be declared due and
payable in the manner and with the effect provided in the Indenture. 
 The Indenture permits, with certain exceptions as provided therein,
the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Debt Securities of any series under the Indenture at any time by the Company and the Trustee with the consent

  
 Exhibit A - 5 

 
of the Holders of not less than a majority of the aggregate principal amount of the Outstanding Debt Securities of such series. The Indenture also contains provisions permitting the Holders of
not less than a majority of the aggregate principal amount of the Outstanding Debt Securities of any series, on behalf of the Holders of all such securities of that series, to waive compliance by the Company with certain provisions of the Indenture
and to waive certain past defaults under the Indenture with respect to such series and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this
Security and other Securities issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 

No sinking fund will be established with respect to the Securities and the Securities shall not be subject to any sinking fund payments.
Articles VI and XIII of the Indenture shall be applicable in their entirety to the Securities. 
 The Indenture contains provisions for
defeasance of (i) the entire indebtedness of the Company in respect of this Security and (ii) certain restrictive covenants and the related Events of Default, subject to compliance by the Company with certain conditions set forth in the
Indenture. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the
obligation of the Company, which is absolute and unconditional, to pay the principal of, premium, if any, and interest on this Security at the times, places and rate, and in the coin or currency, herein prescribed. 

As provided in the Indenture and subject to certain limitations therein and herein set forth, the transfer of this Security is registrable in
the Debt Security Register of the Company upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the Debt Security Registrar duly executed by, the Holder hereof or by his attorney duly authorized in writing, and thereupon one or more new Securities, of
authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 As
provided in the Indenture and subject to certain limitations therein and herein set forth, this Security is exchangeable for a like aggregate principal amount of Securities of different authorized denominations but otherwise having the same terms
and conditions, as requested by the Holder hereof surrendering the same. 
 The Securities are issuable only in registered form without
coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 No service charge shall be made for any such
registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

The registered Holder of this Security may be treated as its owner for all purposes. 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and none of the Company, the Trustee and any such agent shall be affected by notice to the contrary. 

  
 Exhibit A - 6 

 No recourse shall be had for the payment of the principal of or premium, if any, or the interest
on this Security, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any past, present or future stockholder, employee, officer or director, as
such, of the Company or of any successor, either directly or through the Company or any successor, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability
being, by the acceptance hereof and as part of the consideration for the issue hereof, expressly waived and released. 
 The Securities
shall be governed by and construed in accordance with the laws of the State of New York. 
 Pursuant to a recommendation promulgated by the
Committee on Uniform Security Identification Procedures, the Company has caused “CUSIP” numbers to be printed on the Securities as a convenience to the Holders of such Securities. No representation is made as to the correctness or accuracy
of such CUSIP numbers as printed on the Securities, and reliance may be placed only on the other identification numbers printed hereon. 

  
 Exhibit A - 7 

 ASSIGNMENT FORM 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto 
  

			
	  
	  	
	(Please Print or Type Name and Address Including Zip Code of Assignee)

 the within Debt Security of Noble Energy, Inc. and hereby does irrevocably constitute and appoint
                                        
Attorney to transfer said security on the books of the within-named Corporation with full power of substitution in the premises. 
  

			
	  
	  	
	(Please Insert Social Security or Other Identifying Number of Assignee)

  

			
	Dated:	 	  

 SIGNATURE GUARANTEE 

Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of Wells Fargo Bank, National
Association, 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 Wells Fargo Bank, National
Association in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934 as amended. 
 NOTICE:
The signature to this assignment must correspond with the name as it appears on the first page of the within Security in every particular, without alteration or enlargement of any change whatever. 

 

	
	  

	Signature Guarantee

  
 Exhibit A - 8 

 Exhibit B to 

Sixth Supplemental Indenture 

UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”), 55 WATER STREET, NEW
YORK, NEW YORK TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND SUCH SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO., OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

TRANSFERS OF THIS SECURITY SHALL BE LIMITED TO TRANSFERS, IN WHOLE BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE EXCEPT AS OTHERWISE PROVIDED IN THE INDENTURE REFERRED TO ON THE REVERSE SIDE OF THIS CERTIFICATE. 
 NOBLE ENERGY,
INC. 
 5.875% Senior Note Due 2022 
  

			
	REGISTERED	  	PRINCIPAL AMOUNT
	No.                     	  	$            
	CUSIP NO.	  	

 NOBLE ENERGY, INC., a Delaware corporation (herein referred to as the “Company” which term
includes any successor entity under the Indenture herein referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, upon presentation, the principal sum of $
         on June 1, 2022 (the “Stated Maturity Date”) and to pay interest thereon from June 1, 2015 or from the most recent Interest Payment Date to which interest has been paid or
duly provided for, semi-annually in arrears on June 1 and December 1 of each year (each, an “Interest Payment Date”), commencing December 1, 2015, at the rate of 5.875% per annum, until the principal hereof is
paid or duly provided for. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Holder in whose name this Security (or one or more Predecessor Debt
Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the May 15 or November 15 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date at the
office or agency of the Company maintained for such purpose; provided that such interest may be paid, at the Company’s option, by mailing a check to such Holder at its registered address. Any such interest not so punctually paid or duly
provided for shall forthwith cease to be payable to the Holder on such Regular Record Date, and may be paid to the Holder in whose name this Security (or one or more Predecessor Debt Securities) is registered at the close of business on a Special
Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities not less than ten days prior to such Special Record Date, or may be paid at any time in any other lawful manner
not inconsistent with the requirements of any securities exchange on which the Securities may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. Interest will be computed on the basis of
a 360-day year consisting of twelve 30-day months. The Company will pay, to the extent lawful, interest (including post-petition interest in any proceeding under any applicable federal or state bankruptcy, insolvency, reorganization or other similar
law) on overdue principal and interest at the rate per annum borne by this Security. 

  
 Exhibit B - 1 

 Payment of the principal of and interest on this Security will be made at the Corporate Trust
Office of the Trustee in the City of Dallas, Texas or the office of the Trustee in The City of New York, New York, 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. The Company, however, may pay principal and interest by check payable in such money. At the option of the Company, payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in
the Debt Security Register; provided that, notwithstanding anything else contained herein, if this Security is a Global Security and is held in book-entry form through the facilities of the Depositary, payments on this Security will be made
to the Depositary or its nominee in accordance with the arrangements then in effect between the Trustee and the Depositary. 
 In any case
where any Interest Payment Date or Redemption Date or the Stated Maturity Date of this Security shall not be a Business Day, then the related payment of interest or principal and premium, if any, need not be made on such date, but may be made on the
next succeeding Business Day with the same force and effect as if made on such Interest Payment Date or Redemption Date or on the Stated Maturity Date, and, if such payment is made or duly provided for on such Business Day, no interest shall accrue
on the amount so payable for the period from and after such Interest Payment Date, Redemption Date or the Stated Maturity Date, as the case may be, to such Business Day. For purposes of this Security, the term “Business Day” means
any day, other than a Saturday or Sunday, that is not a day on which banking institutions or trust companies are generally authorized or required by law, regulation or executive order to close in The City of New York. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 Unless the Certificate of Authentication hereon has been executed by the
Trustee by manual signature of one of its authorized signatories, this Security shall not be entitled to any benefit under the Indenture, or be valid or obligatory for any purpose. 

  
 Exhibit B - 2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be executed by one of its duly
authorized officers. 
  

			
	Dated:	 	  

  

					
	NOBLE ENERGY, INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  

					
	Attest:
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION: 

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

 

			
	Dated:	 	  

  

					
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Repreısentative

  
 Exhibit B - 3 

 [Reverse of Note] 

NOBLE ENERGY, INC. 
 This
Security is one of a duly authorized issue of Debt Securities of the Company designated as its “5.875% Senior Notes due 2022” (herein called the “Securities”), initially limited in aggregate principal amount of
$600,000,000 issued under an Indenture dated as of February 27, 2009, as amended and supplemented by the First Supplemental Indenture thereto dated as of February 27, 2009, the Second Supplemental Indenture thereto dated as of
February 18, 2011, the Third Supplemental Indenture thereto dated as of December 8, 2011, the Fourth Supplemental Indenture thereto dated as of November 8, 2013, the Fifth Supplemental Indenture thereto dated as of November 7,
2014 and the Sixth Supplemental Indenture thereto dated as of July 29, 2015 (as so amended and supplemented, and as hereafter amended and supplemented from time to time, the “Indenture”), between the Company and Wells Fargo
Bank, National Association, as trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture with respect to the series of which this Debt Security is a part), to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the
Securities are, and are to be, authenticated and delivered. To the extent that any provision of this Security conflicts with the express provisions of the Indenture, the provisions of this Security will govern and be controlling (to the extent
permitted by law). All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

Except as otherwise described herein, the Company will not be entitled to redeem the Securities at its option prior to December 1, 2017.
The Securities will be redeemable, at the Company’s option, in whole at any time or in part from time to time, on and after December 1, 2017, upon not less than 30 nor more than 60 days’ notice, at the following Redemption Prices
(expressed as percentages of the principal amount thereof) if redeemed during the twelve-month period commencing on December 1 of the years set forth below, plus, in each case, unpaid accrued interest, if any, thereon to the Redemption Date:

  

					
	 Year
	  	Percentage	 
	 2017
	  	 	102.938	% 
	 2018
	  	 	101.469	% 
	 2019 and thereafter
	  	 	100.000	% 

 In addition, the Securities may be redeemed, in whole or in part, at any time prior to December 1, 2017
at the option of the Company upon not less than 30 nor more than 60 days’ prior notice sent to each Holder at its registered address, at a Redemption Price equal to 100% of the principal amount of the Securities redeemed plus the Applicable
Premium as of, and accrued and unpaid interest to, the applicable Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date. 

“Applicable Premium” means, with respect to any Security on any applicable Redemption Date, the greater of: 

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

(2) the excess, if any, of: 

(a) the present value at such Redemption Date of (i) the Redemption Price of such Security at December 1, 2017 (such
Redemption Price being set forth in the table 

  
 Exhibit B - 4 

 
appearing above) plus (ii) all required interest payments (excluding accrued and unpaid interest to such Redemption Date) due on such Security through December 1, 2017 computed using a
discount rate equal to the Treasury Rate as of such Redemption Date plus 50 basis points; over 
 (b) the principal amount of
such Security. 
 “Treasury Rate” means, as of any Redemption Date, the yield to maturity at the time of computation of
United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) which has become publicly available at least two Business Days prior to the Redemption Date
(or, if such Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the Redemption Date to December 1, 2017; provided, however, that if the period
from the Redemption Date to December 1, 2017 is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the
nearest one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the Redemption Date to December 1, 2017 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 as of 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 Applicable Premium and the Treasury Rate and showing the calculation of each in reasonable detail. 

“Redemption Date” when used with respect to any Security to be redeemed, means the date fixed for such redemption pursuant to
the Indenture and the Security. 
 “Redemption Price” when used with respect to any Security to be redeemed, means the
price fixed for such redemption, including principal and premium, if any, pursuant to the Indenture and the Security. 
 Notice of
redemption will be sent to Holders of Securities, at least 30 but not more than 60 days prior to the Redemption Date, all as provided in the Indenture. 

In the case of any partial redemption, selection of the Securities for redemption will be made by the Trustee in compliance with the
requirements of the principal national securities exchange, if any, on which the Securities are listed or, if the Securities are not listed, then on a pro rata basis, by lot (or, in the case of Securities in global form, the Securities represented
thereby will be selected in accordance with the Depositary’s prescribed method) and in such manner as complies with applicable legal requirements. If any Security is to be redeemed in part only, the notice of redemption relating to such
Security will state the portion of the principal amount thereof to be redeemed. 
 In the event of redemption of this Security in part only,
a new Security or Securities for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the cancellation hereof. 

If an Event of Default with respect to the Securities shall occur and be continuing, the principal of the Securities may be declared due and
payable in the manner and with the effect provided in the Indenture. 
 The Indenture permits, with certain exceptions as provided therein,
the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Debt Securities of any series under the Indenture at any time by the Company and the Trustee with the consent

  
 Exhibit B - 5 

 
of the Holders of not less than a majority of the aggregate principal amount of the Outstanding Debt Securities of such series. The Indenture also contains provisions permitting the Holders of
not less than a majority of the aggregate principal amount of the Outstanding Debt Securities of any series, on behalf of the Holders of all such securities of that series, to waive compliance by the Company with certain provisions of the Indenture
and to waive certain past defaults under the Indenture with respect to such series and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this
Security and other Securities issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 

No sinking fund will be established with respect to the Securities and the Securities shall not be subject to any sinking fund payments.
Articles VI and XIII of the Indenture shall be applicable in their entirety to the Securities. 
 The Indenture contains provisions for
defeasance of (i) the entire indebtedness of the Company in respect of this Security and (ii) certain restrictive covenants and the related Events of Default, subject to compliance by the Company with certain conditions set forth in the
Indenture. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the
obligation of the Company, which is absolute and unconditional, to pay the principal of, premium, if any, and interest on this Security at the times, places and rate, and in the coin or currency, herein prescribed. 

As provided in the Indenture and subject to certain limitations therein and herein set forth, the transfer of this Security is registrable in
the Debt Security Register of the Company upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the Debt Security Registrar duly executed by, the Holder hereof or by his attorney duly authorized in writing, and thereupon one or more new Securities, of
authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 As
provided in the Indenture and subject to certain limitations therein and herein set forth, this Security is exchangeable for a like aggregate principal amount of Securities of different authorized denominations but otherwise having the same terms
and conditions, as requested by the Holder hereof surrendering the same. 
 The Securities are issuable only in registered form without
coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 No service charge shall be made for any such
registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

The registered Holder of this Security may be treated as its owner for all purposes. 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and none of the Company, the Trustee and any such agent shall be affected by notice to the contrary. 

  
 Exhibit B - 6 

 No recourse shall be had for the payment of the principal of or premium, if any, or the interest
on this Security, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any past, present or future stockholder, employee, officer or director, as
such, of the Company or of any successor, either directly or through the Company or any successor, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability
being, by the acceptance hereof and as part of the consideration for the issue hereof, expressly waived and released. 
 The Securities
shall be governed by and construed in accordance with the laws of the State of New York. 
 Pursuant to a recommendation promulgated by the
Committee on Uniform Security Identification Procedures, the Company has caused “CUSIP” numbers to be printed on the Securities as a convenience to the Holders of such Securities. No representation is made as to the correctness or accuracy
of such CUSIP numbers as printed on the Securities, and reliance may be placed only on the other identification numbers printed hereon. 

  
 Exhibit B - 7 

 ASSIGNMENT FORM 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto 
  

			
	  
	  	
	(Please Print or Type Name and Address Including Zip Code of Assignee)

 the within Debt Security of Noble Energy, Inc. and hereby does irrevocably constitute and appoint
                                        
Attorney to transfer said security on the books of the within-named Corporation with full power of substitution in the premises. 
  

			
	  
	  	
	(Please Insert Social Security or Other Identifying Number of Assignee)

  

			
	Dated:	 	  

 SIGNATURE GUARANTEE 

Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of Wells Fargo Bank, National
Association, 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 Wells Fargo Bank, National
Association in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934 as amended. 
 NOTICE:
The signature to this assignment must correspond with the name as it appears on the first page of the within Security in every particular, without alteration or enlargement of any change whatever. 

 

	
	  

	Signature Guarantee

  
 Exhibit B - 8 

 Exhibit C to 

Sixth Supplemental Indenture 

UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”), 55 WATER STREET, NEW
YORK, NEW YORK TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND SUCH SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO., OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

TRANSFERS OF THIS SECURITY SHALL BE LIMITED TO TRANSFERS, IN WHOLE BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE EXCEPT AS OTHERWISE PROVIDED IN THE INDENTURE REFERRED TO ON THE REVERSE SIDE OF THIS CERTIFICATE. 
 NOBLE ENERGY,
INC. 
 5.875% Senior Note Due 2024 
  

			
	REGISTERED	  	PRINCIPAL AMOUNT
	No.                     	  	$             
	CUSIP NO.	  	

 NOBLE ENERGY, INC., a Delaware corporation (herein referred to as the “Company” which term
includes any successor entity under the Indenture herein referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, upon presentation, the principal sum of
$         on June 1, 2024 (the “Stated Maturity Date”) and to pay interest thereon from June 1, 2015 or from the most recent Interest Payment Date to which interest has been paid or
duly provided for, semi-annually in arrears on June 1 and December 1 of each year (each, an “Interest Payment Date”), commencing December 1, 2015, at the rate of 5.875% per annum, until the principal hereof is
paid or duly provided for. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Holder in whose name this Security (or one or more Predecessor Debt
Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the May 15 or November 15 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date at the
office or agency of the Company maintained for such purpose; provided that such interest may be paid, at the Company’s option, by mailing a check to such Holder at its registered address. Any such interest not so punctually paid or duly
provided for shall forthwith cease to be payable to the Holder on such Regular Record Date, and may be paid to the Holder in whose name this Security (or one or more Predecessor Debt Securities) is registered at the close of business on a Special
Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities not less than ten days prior to such Special Record Date, or may be paid at any time in any other lawful manner
not inconsistent with the requirements of any securities exchange on which the Securities may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. Interest will be computed on the basis of
a 360-day year consisting of twelve 30-day months. The Company will pay, to the extent lawful, interest (including post-petition interest in any proceeding under any applicable federal or state bankruptcy, insolvency, reorganization or other similar
law) on overdue principal and interest at the rate per annum borne by this Security. 

  
 Exhibit C - 1 

 Payment of the principal of and interest on this Security will be made at the Corporate Trust
Office of the Trustee in the City of Dallas, Texas or the office of the Trustee in The City of New York, New York, 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. The Company, however, may pay principal and interest by check payable in such money. At the option of the Company, payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in
the Debt Security Register; provided that, notwithstanding anything else contained herein, if this Security is a Global Security and is held in book-entry form through the facilities of the Depositary, payments on this Security will be made
to the Depositary or its nominee in accordance with the arrangements then in effect between the Trustee and the Depositary. 
 In any case
where any Interest Payment Date or Redemption Date or the Stated Maturity Date of this Security shall not be a Business Day, then the related payment of interest or principal and premium, if any, need not be made on such date, but may be made on the
next succeeding Business Day with the same force and effect as if made on such Interest Payment Date or Redemption Date or on the Stated Maturity Date, and, if such payment is made or duly provided for on such Business Day, no interest shall accrue
on the amount so payable for the period from and after such Interest Payment Date, Redemption Date or the Stated Maturity Date, as the case may be, to such Business Day. For purposes of this Security, the term “Business Day” means
any day, other than a Saturday or Sunday, that is not a day on which banking institutions or trust companies are generally authorized or required by law, regulation or executive order to close in The City of New York. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 Unless the Certificate of Authentication hereon has been executed by the
Trustee by manual signature of one of its authorized signatories, this Security shall not be entitled to any benefit under the Indenture, or be valid or obligatory for any purpose. 

  
 Exhibit C - 2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be executed by one of its duly
authorized officers. 
  

			
	Dated:	 	  

  

					
	NOBLE ENERGY, INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  

					
	Attest:
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION: 

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

 

			
	Dated:	 	  

  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Representative

  
 Exhibit C - 3 

 [Reverse of Note] 

NOBLE ENERGY, INC. 
 This
Security is one of a duly authorized issue of Debt Securities of the Company designated as its “5.875% Senior Notes due 2024” (herein called the “Securities”), initially limited in aggregate principal amount of
$500,000,000 issued under an Indenture dated as of February 27, 2009, as amended and supplemented by the First Supplemental Indenture thereto dated as of February 27, 2009, the Second Supplemental Indenture thereto dated as of
February 18, 2011, the Third Supplemental Indenture thereto dated as of December 8, 2011, the Fourth Supplemental Indenture thereto dated as of November 8, 2013, the Fifth Supplemental Indenture thereto dated as of November 7,
2014 and the Sixth Supplemental Indenture thereto dated as of July 29, 2015 (as so amended and supplemented, and as hereafter amended and supplemented from time to time, the “Indenture”), between the Company and Wells Fargo
Bank, National Association, as trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture with respect to the series of which this Debt Security is a part), to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the
Securities are, and are to be, authenticated and delivered. To the extent that any provision of this Security conflicts with the express provisions of the Indenture, the provisions of this Security will govern and be controlling (to the extent
permitted by law). All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

Except as otherwise described herein, the Company will not be entitled to redeem the Securities at its option prior to June 1, 2019. The
Securities will be redeemable, at the Company’s option, in whole at any time or in part from time to time, on and after June 1, 2019, upon not less than 30 nor more than 60 days’ notice, at the following Redemption Prices (expressed
as percentages of the principal amount thereof) if redeemed during the twelve-month period commencing on June 1 of the years set forth below, plus, in each case, unpaid accrued interest, if any, thereon to the Redemption Date: 

 

					
	 Year
	  	Percentage	 
	 2019
	  	 	102.938	% 
	 2020
	  	 	101.958	% 
	 2021
	  	 	100.979	% 
	 2022 and thereafter
	  	 	100.000	% 

 In addition, the Securities may be redeemed, in whole or in part, at any time prior to June 1, 2019 at
the option of the Company upon not less than 30 nor more than 60 days’ prior notice sent to each Holder at its registered address, at a Redemption Price equal to 100% of the principal amount of the Securities redeemed plus the Applicable
Premium as of, and accrued and unpaid interest to, the applicable Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). 

“Applicable Premium” means, with respect to any Security on any applicable Redemption Date, the greater of: 

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

  
 Exhibit C - 4 

 (2) the excess, if any, of: 

(a) the present value at such Redemption Date of (i) the Redemption Price of such Security at June 1, 2019 (such
Redemption Price being set forth in the table appearing above) plus (ii) all required interest payments (excluding accrued and unpaid interest to such Redemption Date) due on such Security through June 1, 2019 computed using a discount
rate equal to the Treasury Rate as of such Redemption Date plus 50 basis points; over 
 (b) the principal amount of such
Security. 
 “Treasury Rate” means, as of any Redemption Date, the yield to maturity at the time of computation of United
States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) which has become publicly available at least two Business Days prior to the Redemption Date (or, if
such Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the Redemption Date to June 1, 2019; provided, however, that if the period from the
Redemption Date to June 1, 2019 is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the nearest
one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the Redemption Date to June 1, 2019 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 as of 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 Applicable Premium and the Treasury Rate and showing the calculation of each in reasonable detail. 

“Redemption Date” when used with respect to any Security to be redeemed, means the date fixed for such redemption pursuant to
the Indenture and the Security. 
 “Redemption Price” when used with respect to any Security to be redeemed, means the
price fixed for such redemption, including principal and premium, if any, pursuant to the Indenture and the Security. 
 Notice of
redemption will be sent to Holders of Securities, at least 30 but not more than 60 days prior to the Redemption Date, all as provided in the Indenture. 

In the case of any partial redemption, selection of the Securities for redemption will be made by the Trustee in compliance with the
requirements of the principal national securities exchange, if any, on which the Securities are listed or, if the Securities are not listed, then on a pro rata basis, by lot (or, in the case of Securities in global form, the Securities represented
thereby will be selected in accordance with the Depositary’s prescribed method) and in such manner as complies with applicable legal requirements. If any Security is to be redeemed in part only, the notice of redemption relating to such
Security will state the portion of the principal amount thereof to be redeemed. 
 In the event of redemption of this Security in part only,
a new Security or Securities for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the cancellation hereof. 

If an Event of Default with respect to the Securities shall occur and be continuing, the principal of the Securities may be declared due and
payable in the manner and with the effect provided in the Indenture. 

  
 Exhibit C - 5 

 The Indenture permits, with certain exceptions as provided therein, the amendment thereof and the
modification of the rights and obligations of the Company and the rights of the Holders of the Debt Securities of any series under the Indenture at any time by the Company and the Trustee with the consent of the Holders of not less than a majority
of the aggregate principal amount of the Outstanding Debt Securities of such series. The Indenture also contains provisions permitting the Holders of not less than a majority of the aggregate principal amount of the Outstanding Debt Securities of
any series, on behalf of the Holders of all such securities of that series, to waive compliance by the Company with certain provisions of the Indenture and to waive certain past defaults under the Indenture with respect to such series and their
consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and other Securities issued upon the registration of transfer hereof or in exchange
hereof or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 No sinking fund will be
established with respect to the Securities and the Securities shall not be subject to any sinking fund payments. Articles VI and XIII of the Indenture shall be applicable in their entirety to the Securities. 

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

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

As provided in the Indenture and subject to certain limitations therein and herein set forth, the transfer of this Security is registrable in
the Debt Security Register of the Company upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the Debt Security Registrar duly executed by, the Holder hereof or by his attorney duly authorized in writing, and thereupon one or more new Securities, of
authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 As
provided in the Indenture and subject to certain limitations therein and herein set forth, this Security is exchangeable for a like aggregate principal amount of Securities of different authorized denominations but otherwise having the same terms
and conditions, as requested by the Holder hereof surrendering the same. 
 The Securities are issuable only in registered form without
coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 No service charge shall be made for any such
registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

The registered Holder of this Security may be treated as its owner for all purposes. 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and none of the Company, the Trustee and any such agent shall be affected by notice to the contrary. 

  
 Exhibit C - 6 

 No recourse shall be had for the payment of the principal of or premium, if any, or the interest
on this Security, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any past, present or future stockholder, employee, officer or director, as
such, of the Company or of any successor, either directly or through the Company or any successor, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability
being, by the acceptance hereof and as part of the consideration for the issue hereof, expressly waived and released. 
 The Securities
shall be governed by and construed in accordance with the laws of the State of New York. 
 Pursuant to a recommendation promulgated by the
Committee on Uniform Security Identification Procedures, the Company has caused “CUSIP” numbers to be printed on the Securities as a convenience to the Holders of such Securities. No representation is made as to the correctness or accuracy
of such CUSIP numbers as printed on the Securities, and reliance may be placed only on the other identification numbers printed hereon. 

  
 Exhibit C - 7 

 ASSIGNMENT FORM 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto 
  

			
	  
	  	
	(Please Print or Type Name and Address Including Zip Code of Assignee)

 the within Debt Security of Noble Energy, Inc. and hereby does irrevocably constitute and appoint
                                        
Attorney to transfer said security on the books of the within-named Corporation with full power of substitution in the premises. 
  

			
	  
	  	
	(Please Insert Social Security or Other Identifying Number of Assignee)

  

			
	Dated:	 	  

 SIGNATURE GUARANTEE 

Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of Wells Fargo Bank, National
Association, 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 Wells Fargo Bank, National
Association in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934 as amended. 
 NOTICE:
The signature to this assignment must correspond with the name as it appears on the first page of the within Security in every particular, without alteration or enlargement of any change whatever. 

 

	
	  

	Signature Guarantee

  
 Exhibit C - 8exh10-1_2015q2

EXHIBIT 10.1

EXECUTION VERSION

CONSENT AND SECOND AMENDMENT TO SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT
This CONSENT AND SECOND AMENDMENT TO SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, dated as of May 29, 2015 (this “Amendment”), is entered into by and among THE PRIVATEBANK AND TRUST COMPANY (in its individual capacity, “PrivateBank”), as administrative agent for the lenders (the “Lenders”) party to the Loan Agreement (as defined below) (in such capacity, together with its successors and assigns, the “Administrative Agent”), the Lenders, and each of WESTMORELAND COAL COMPANY, a Delaware corporation (“Westmoreland Parent”), WESTMORELAND ENERGY LLC, a Delaware limited liability company (“Westmoreland Energy”), WESTMORELAND – NORTH CAROLINA POWER, L.L.C., a Virginia limited liability company (“Westmoreland NC”), WEI-ROANOKE VALLEY, INC., a Delaware corporation (“WEI”), WESTMORELAND – ROANOKE VALLEY, L.P., a Delaware limited partnership (“Westmoreland Roanoke”), WESTMORELAND PARTNERS, a Virginia general partnership (“Westmoreland Partners”), WESTMORELAND RESOURCES, INC., a Delaware corporation (“Westmoreland Resources”), WESTMORELAND KEMMERER, INC., a Delaware corporation (“Kemmerer”), WESTMORELAND COAL SALES COMPANY, INC., a Delaware corporation (“Coal Sales”), WRI PARTNERS, INC., a Delaware corporation (“WRI”), WCC LAND HOLDING COMPANY, INC., a Delaware corporation (“WCC”), WESTMORELAND CANADA LLC, a Delaware limited liability company (“WC LLC”), WESTMORELAND ENERGY SERVICES, INC., a Delaware corporation (“WES”), WESTMORELAND MINING LLC, a Delaware limited liability company (“WML”), WESTERN ENERGY COMPANY, a Montana corporation (“WECO”), TEXAS WESTMORELAND COAL CO., a Montana corporation (“TWCC”), WESTMORELAND SAVAGE CORPORATION, a Delaware corporation (“Savage”), DAKOTA WESTMORELAND CORPORATION, a Delaware corporation (“Dakota”), and BUCKINGHAM COAL COMPANY, LLC, an Ohio limited liability company (“Buckingham”; together with Westmoreland Parent, Westmoreland Energy, Westmoreland NC, WEI, Westmoreland Roanoke, Westmoreland Partners, Westmoreland Resources, Kemmerer, Coal Sales, WRI, WCC, WC LLC, WES, WML, WECO, TWCC, Savage and Dakota, each a “US Borrower” and collectively, the “US Borrowers”), WESTMORELAND CANADIAN INVESTMENTS L.P., a limited partnership organized and existing under the laws of the Province of Quebec (“WC Investments”), WESTMORELAND CANADA HOLDINGS, INC., a corporation organized and existing under the laws of the Province of Alberta (“Westmoreland Canada”), WESTMORELAND PRAIRIE RESOURCES INC., a corporation organized and existing under the laws of the Province of Alberta (“WPR”), PRAIRIE MINES & ROYALTY ULC, an unlimited liability company organized under the laws of the Province of Alberta (“PMRL”), COAL VALLEY RESOURCES INC., a corporation organized and existing under the laws of the Province of Alberta (“CVRI”), PRAIRIE COAL LTD., a corporation organized and existing under the laws of the Province of Saskatchewan (“PCL”), WILLOWVAN MINING LTD., a corporation organized and existing under the laws of the Province of Saskatchewan (“Willowvan”), and POPLAR RIVER COAL MINING PARTNERSHIP, a partnership organized and existing under the laws of the Province of Saskatchewan (“PRC”; together with WC Investments, Westmoreland Canada, WPR, PMRL, CVRI, PCL and Willowvan, each a “Canadian Borrower” 

and collectively, the “Canadian Borrowers”), and WCC HOLDING B.V., a B.V. organized and existing under the laws of the Netherlands (“WCC BV”).  
W I T N E S S E T H:
WHEREAS, the US Borrowers, the Canadian Borrowers, WCC B.V., the Administrative Agent and the Lenders entered into a certain Second Amended and Restated Loan and Security Agreement dated as of December 16, 2014, as amended by that certain Joinder and First Amendment to Second Amended and Restated Loan and Security Agreement dated March 26, 2015 (as further amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”) pursuant to which the US Borrowers and the Canadian Borrowers established certain financing arrangements with the Lenders; 
WHEREAS, the US Borrowers, the Canadian Borrowers and WCC B.V. have requested that (i) the Lenders consent to the purchase by Westmoreland Parent up to $2,000,000 of warrants issued to Pacific Investment Management, LLC, Tennenbaum Opportunities Partners VI, LLC, Tennanbaum Opportunities Partners V, LP and/or their respective Affiliates (the “Warrant Holders”) with respect to the equity of Westmoreland Resource Partners, LP (the “Warrant Purchase”); and (ii) the Loan Agreement be amended to, among other things, (a) provide for a consolidated fixed charge covenant, and (b) add a $25,000,000 seasonal line increase to be effective June 15 through August 15 of each year to cover semi-annual interest payments due on certain outstanding indebtedness; and 
WHEREAS, the Lenders are willing to consent to the Warrant Purchase and revise the Loan Agreement subject to the Borrowers executing and delivering this Amendment to the Administrative Agent and the Lenders.
NOW, THEREFORE, for and in consideration of the premises and mutual agreements herein contained and for the purposes of setting forth the terms and conditions of this Amendment, the parties, intending to be bound, hereby agree as follows:
Section 1.Incorporation of the Loan Agreement.  All capitalized terms which are not defined hereunder shall have the same meanings as set forth in the Loan Agreement, and the Loan Agreement, to the extent not inconsistent with this Amendment, is incorporated herein by this reference as though the same were set forth in its entirety.  To the extent any terms and provisions of the Loan Agreement or the other Loan Documents are inconsistent with the amendments set forth in Section 3 below, such terms and provisions shall be deemed superseded hereby.  Except as specifically set forth herein, the Loan Agreement and the other Loan Documents shall remain in full force and effect and its provisions shall be binding on the parties hereto.
Section 2.    Consent.  Subject to the satisfaction of the conditions precedent set forth in Section 4 hereof:
(a)    Notwithstanding Section 13.4 (Mergers, Sales, Acquisitions, Subsidiaries and Other Transactions Outside the Ordinary Course of Business),

2

 Section 13.6 (Investments/Loans) or Section 13.9 (Affiliate Transactions) of the Loan Agreement, or any other conflicting term or condition contained in the Loan Documents, Lenders hereby consent to the Warrant Purchase (not to exceed $2,000,000 in the aggregate) to be among the Westmoreland Parent and the Warrant Holders in accordance with the terms of a Warrant Purchase Agreement substantially in the form previously provided to Lenders.  
(b)    The foregoing consent is expressly limited to the transactions described above in this Section 2, and shall not be deemed or otherwise construed to constitute a consent to any other transaction, whether or not similar to the transactions described above in this Section 2.  Lenders have granted the consent set forth in this Section 2 in this particular instance and in light of the facts and circumstance that presently exist, and the grant of such consent shall not constitute a course of dealing or impair Lenders’ right to withhold any similar consent in the future.
Section 3.    Amendments to the Loan Agreement.  Subject to the terms and conditions hereof, the Loan Agreement is amended as follows:
(a)    Section 1 of the Loan Agreement is hereby amended by amending and restating, or adding as a matter of first impression, as applicable, the following definitions, in alphabetical order, to read as follows:
“Consolidated EBITDA for any period means, without duplication, the sum of the amount of:  (i) Net Income of the Borrowers, plus (ii) the amounts set forth in subsection (2) of the definition of Canadian EBITDA, plus (iii) the amounts set forth in subsection (2) of the definition of US EBITDA, minus (iv) the amounts set forth in subsections (3) and (4) of the definition of Canadian EBITDA, minus (v) the amounts set forth in subsections (3) and (4) of the definition of US EBITDA.”
“Consolidated Fixed Charges for any period means, without duplication, the sum of the amount of US Fixed Charges plus the amount of Canadian Fixed Charges.”
“Maximum Aggregate Loan Amount shall mean an amount equal to the Maximum Canadian Loan Amount plus the Maximum US Loan Amount.”
“Maximum US Loan Amount shall mean (i) between June 15, 2015, and August 15, 2015, Fifty Five Million and No/100 Dollars ($55,000,000) and (ii) at all other times, Thirty Million and No/100 Dollars ($30,000,000), unless otherwise increased in accordance with the terms of Section 2.10 herein.  Notwithstanding the foregoing, each calendar year after calendar year 2015, the Borrowers shall have the right to elect to increase the Maximum US Loan Amount to Fifty Five Million and No/100 Dollars ($55,000,000) between June 15 and August 15 of each such year thereafter (any such period relating to an election so made, a “Seasonal Increase Loan Amount Period”), provided, however, no Event of Default shall then exist, 

3

the Borrowers shall pay to the Lenders the Seasonal Increase Amendment Fee, and, commencing with the calendar year ending December 31, 2016 and for each calendar year thereafter, the Borrowers shall provide Administrative Agent with 20 days’ prior written notice of any such election.” 
“Seasonal Increase Amendment Fee shall have the meaning set forth in Section 4.3.5.”
“Seasonal Increase Loan Amount Period shall have the meaning set forth in the definition of Maximum US Loan Amount.”
(b)    The definition of “Canadian EBITDA” set forth in Section 1 of the Loan Agreement is hereby amended by deleting “and” at the end of subclause (2)(g), adding thereto “and” at the end of subclause (2)(h) and adding the following letter “(i)” and text to the definition immediately after subclause (2)(h):
“(i) cash distributions received by the Canadian Borrowers from Westmoreland Resource Partners, LP,” 
(c)    The definition of “Permitted Acquisitions” set forth in Section 1 of the Loan Agreement is hereby amended by amending and restating subclause (g) to read as follows:
“(g) the Borrowers shall have Revolving Loan Availability plus cash on deposit with Administrative Agent subject to a first priority security interest in favor of Administrative Agent of at least $20,000,000 after giving effect to such Acquisition and without giving effect to any Seasonal Increase Loan Amount Period;” 
(d)    The definition of “US EBITDA” set forth in Section 1 of the Loan Agreement is hereby amended by deleting “and” at the end of subclause (2)(h), adding thereto “and” at the end of subclause (2)(i) and adding the following letter “(j)” and text to the definition immediately after subclause (2)(i):
“(i)  cash distributions received by the US Borrowers from Westmoreland Resource Partners, LP,”
(e)    A new Section 4.3.5 is hereby added to the Loan Agreement to read as follows:
“4.3.5    Seasonal Increase Amendment Fee. Borrowers shall pay to Administrative Agent a Forty Thousand and No/100 Dollar ($40,000) amendment fee at the commencement of each Seasonal Increase Loan Amount Period (each a “Seasonal Increase Amendment Fee”), which amendment fee shall be allocated to each Lender based on its Pro Rata Share at the time of such increase.”

4

(f)    Section 14.1 of the Loan Agreement is hereby amended and restated to read as follows:
(g)    “14.1    Fixed Charge Coverage. 
14.1.1 US Consolidated Fixed Charge Coverage. Westmoreland Parent and its US Subsidiaries shall not permit the ratio of US EBITDA to US Fixed Charges for each period of four consecutive quarters to be less than 0.9:1.0 tested on the last day of each quarter beginning with the quarterly period ending June 30, 2015.
(h)    14.1.2 Canadian Consolidated Fixed Charge Coverage. The Canadian Borrowers shall not permit the ratio of Canadian EBITDA to Canadian Fixed Charges for each period of four consecutive quarters to be less than 0.9:1.0 tested on the last day of each quarter beginning with the quarterly period ending June 30, 2015.
14.1.3 Consolidated Fixed Charge Coverage.  Westmoreland Parent, its US Subsidiaries and the Canadian Borrowers shall not permit the ratio of Consolidated EBITDA to Consolidated Fixed Charges for each period of four consecutive quarters to be less than 1.15:1.0 tested on the last day of each quarter beginning with the quarterly period ending June 30, 2015.” 
(i)    Annex 1 (Commitments) of the Loan Agreement is hereby amended and restated to read as follows:
ANNEX 1 – COMMITMENTS

5

	
			
	Lender
	US Revolving Loan Commitment
	Canadian Revolving Loan Commitment

	The PrivateBank and Trust Company
	(i) $15,000,000

OR

(ii) $27,500,000 between June 15, 2015, and August 15, 2015 and during any Seasonal Increase Loan Amount Period

	$10,000,000

	Bank of the West
	(i) $15,000,000

OR

(ii) $27,500,000 between June 15, 2015, and August 15, 2015 and during any Seasonal Increase Loan Amount Period
 

	$10,000,000

	Total
	(i) $30,000,000

OR

(ii) $55,000,000 between June 15, 2015, and August 15, 2015 and during any Seasonal Increase Loan Amount Period

	$20,000,000

Section 4.    Effectiveness Conditions.  The amendments and other agreements set forth herein shall be effective upon the satisfaction of all of the following conditions precedent, each to the satisfaction of the Administrative Agent in its sole discretion:  
(a)    Receipt by the Administrative Agent from each of the Lenders, the Administrative Agent and Borrowers, of a counterpart of this Amendment signed on behalf of such party; 
(b)    Receipt by the Administrative Agent of the Seasonal Increase Amendment Fee from the Borrowers; and
(c)    Receipt by the Administrative Agent of the documents, instruments, certificates and opinions identified on the closing checklist attached hereto as Exhibit A.
Section 5.    Representations and Warranties; No Default.  
(a)    The representations and warranties of the Borrowers set forth in Section 11 of the Loan Agreement shall be deemed made or remade, as applicable, by each Borrower as of the date hereof, and shall be true and correct in all material respects as of the date hereof, except to the extent that such representation or warranty expressly relates to a 

6

specified earlier date, in which case such representation and warranty shall be true and correct in all material respects as of such earlier date.  
(b)    Each Borrower represents and warrants to the Administrative Agent and the Lenders that:
(i)    The execution and delivery by such Borrower of this Amendment and the performance by it of the transactions herein contemplated (i) are and will be within its organizational powers, (ii) have been authorized by all necessary organizational action and (iii) are not and will not be in contravention of any order of any court or other agency of government, of law or any other indenture, agreement or contract to which such Borrower is a party or by which the property of such Borrower is bound, or be in violation of, result in a breach of, or constitute with due notice and/or lapse of time a default under any such indenture, agreement or contract, which contravention, violation or breach would reasonably be expected to have a Material Adverse Effect or result in the imposition of any lien, charge or encumbrance of any nature on any of the properties of such Borrower (other than Permitted Liens); and
(ii)    No Default or Event of Default has occurred and is continuing.
Section 6.    Affirmation.  Except as specifically amended pursuant to the terms hereof, the Loan Agreement and the other Loan Documents (and all covenants, terms, conditions and agreements therein), shall remain in full force and effect, and are hereby ratified and confirmed in all respects by the Borrowers.  Each Borrower hereby represents and warrants to the Administrative Agent and the Lenders that as of the date hereof, there are no claims, counterclaims, offsets or defenses arising out of or with respect to the Obligations.  Each Borrower hereby confirms its existing grant to the Administrative Agent, for its benefit and the benefit of the Lenders, of a lien on and security interest in the Collateral.  Each Borrower hereby reaffirms that all liens and security interests at any time granted by it to the Administrative Agent, for its benefit and the benefit of the Lenders, continue in full force and effect and secure and shall continue to secure the Obligations, after giving effect to the increase of the Maximum US Loan Amount during any Seasonal Increase Loan Amount Period.  Nothing herein contained is intended to in any manner impair or limit the validity, priority and extent of the Administrative Agent’s existing security interest in and liens upon the Collateral.  Any and all references to the Loan Agreement in each of the Loan Documents shall be deemed to refer to and include this Amendment.
Section 7.    Fees and Expenses.  Each Borrower agrees to comply with Section 4.3.4  of the Loan Agreement, in connection with the evaluation, negotiation, preparation, execution and delivery of this Amendment.  
Section 8.    Miscellaneous.
(a)    Each Borrower hereby agrees to take all such actions and to execute and/or deliver to the Administrative Agent all such documents, assignments, financing statements and other documents as the Administrative Agent may reasonably require from time to 

7

time, to effectuate and implement the purposes of this Amendment and the other Loan Documents.
(b)    This Amendment shall be binding on and shall inure to the benefit of the Borrowers, the Administrative Agent, the Lenders and their respective successors and (to the extent permitted under the Loan Agreement) assigns.  No rights are intended to be created hereunder for the benefit of any third-party donee, creditor or incidental beneficiary.
(c)    Wherever possible, each provision of this Amendment shall be interpreted in such a manner as to be effective and valid under applicable law, but if any provision of this Amendment shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Amendment.
(d)    The headings of any paragraph of this Amendment are for convenience only and shall not be used to interpret any provision hereof.
(e)    This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same agreement.  Execution and delivery by facsimile or other electronic transmission shall bind the undersigned.  Receipt of an executed signature page to this Amendment by facsimile or other electronic transmission shall constitute effective delivery thereof and shall be deemed an original signature hereunder.
(f)    No modification hereof or any agreement referred to herein shall be binding or enforceable unless in writing and signed on behalf of the party against whom enforcement is sought.
(g)    The terms and conditions of this Amendment shall be governed by and construed in accordance with the internal laws of the State of Illinois excluding conflict of laws statutes or common law principles that would result in the application of laws other than the internal laws of the State of Illinois.
(h)    EACH OF THE BORROWERS, THE ADMINISTRATIVE AGENT AND THE LENDERS, BY THE EXECUTION OR ACCEPTANCE OF THIS AMENDMENT, WAIVES ITS AND THEIR RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING OR COUNTERCLAIM OF ANY KIND ARISING OUT OF OR RELATED TO THIS AMENDMENT, ANY OF THE OTHER LOAN DOCUMENTS, THE OBLIGATIONS OR THE COLLATERAL.
[SIGNATURE PAGES FOLLOW]

8

(Signature Page to Consent and Second Amendment to Second Amended and Restated Loan and Security Agreement)

IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment and First Amendment to Second Amended and Restated Loan and Security Agreement as of the date first above written.
	
		
	US BORROWERS:
	WESTMORELAND COAL COMPANY, a Delaware corporation
By:  /s/ Jennifer S. Grafton                     Jennifer S. Grafton 
Secretary

	 
	WESTMORELAND ENERGY LLC, a Delaware limited liability company
By:  /s/ Samuel N. Hagreen                       Samuel N. Hagreen 
Secretary

	 
	WESTMORELAND – NORTH CAROLINA POWER, L.L.C., a Virginia limited liability company
By:  /s/ Samuel N. Hagreen                       Samuel N. Hagreen 
Secretary

	 
	WEI-ROANOKE VALLEY, INC., a Delaware corporation
By:  /s/ Samuel N. Hagreen                       Samuel N. Hagreen 
Secretary

	 
	WESTMORELAND – ROANOKE VALLEY, L.P., a Delaware limited partnership
   By:   WEI-Roanoke Valley, Inc., 
its general partner
By:  /s/ Samuel N. Hagreen                       Samuel N. Hagreen 
Secretary

(Signature Page to Consent and Second Amendment to Second Amended and Restated Loan and Security Agreement)

	
		
	US BORROWERS:
	WESTMORELAND PARTNERS, a Virginia general partnership
By:   Westmoreland-Roanoke Valley, L.P., its general partner
   By:   WEI-Roanoke Valley, Inc.,  
its general partner
   By:  /s/ Samuel N. Hagreen                       Samuel N. Hagreen 
Secretary
By:  Westmoreland-North Carolina Power,   L.L.C., its general partner
By:  /s/ Samuel N. Hagreen                       Samuel N. Hagreen 
Secretary

	 
	WESTMORELAND RESOURCES, INC., a Delaware corporation
By:  /s/ Samuel N. Hagreen                       Samuel N. Hagreen 
Secretary

	 
	WESTMORELAND KEMMERER, INC., a Delaware corporation
By:  /s/ Samuel N. Hagreen                       Samuel N. Hagreen 
Secretary

	 
	WESTMORELAND COAL SALES COMPANY, INC., a Delaware corporation
By:  /s/ Samuel N. Hagreen                       Samuel N. Hagreen 
Secretary

	US BORROWERS:
	WRI PARTNERS, INC., a Delaware corporation
By:  /s/ Samuel N. Hagreen                       Samuel N. Hagreen 
Secretary

(Signature Page to Consent and Second Amendment to Second Amended and Restated Loan and Security Agreement)

	
		
	 
	WCC LAND HOLDING COMPANY, INC., a Delaware corporation
By:  /s/ Samuel N. Hagreen                       Samuel N. Hagreen 
Secretary

	 
	WESTMORELAND CANADA LLC, a Delaware limited liability company
By:  /s/ Jennifer S. Grafton                   Jennifer S. Grafton 
Secretary

	 
	WESTMORELAND ENERGY SERVICES, INC., a Delaware corporation
By:  /s/ Samuel N. Hagreen                       Samuel N. Hagreen 
Secretary

	 
	WESTMORELAND MINING LLC, a Delaware limited liability company
By:  /s/ Samuel N. Hagreen                       Samuel N. Hagreen 
Secretary

	 
	WESTERN ENERGY COMPANY, a Montana corporation
By:  /s/ Samuel N. Hagreen                       Samuel N. Hagreen 
Secretary

	US BORROWERS:
	TEXAS WESTMORELAND COAL CO., a Montana corporation
By:  /s/ Samuel N. Hagreen                       Samuel N. Hagreen 
Secretary

	 
	WESTMORELAND SAVAGE CORPORATION, a Delaware corporation
By:  /s/ Samuel N. Hagreen                       Samuel N. Hagreen 
Secretary

(Signature Page to Consent and Second Amendment to Second Amended and Restated Loan and Security Agreement)

	
		
	 
	DAKOTA WESTMORELAND CORPORATION, a Delaware corporation
By:  /s/ Samuel N. Hagreen                       Samuel N. Hagreen 
Secretary

	 
	BUCKINGHAM COAL COMPANY, LLC, an Ohio limited liability company
By:  /s/ Samuel N. Hagreen                       Samuel N. Hagreen 
Secretary

	CANADIAN BORROWERS:
	WESTMORELAND CANADIAN INVESTMENTS, L.P., a limited partnership organized and existing under the laws of the Province of Quebec
By:   Westmoreland Canada LLC,  
its general partner
By:  /s/ Jennifer S. Grafton                  Jennifer S. Grafton 
Secretary

	 
	WESTMORELAND CANADA HOLDINGS, INC., a corporation organized and existing under the laws of the Province of Alberta
By:  /s/ Jennifer S. Grafton                     Jennifer S. Grafton 
Assistant Secretary

	CANADIAN BORROWERS:
	WESTMORELAND PRAIRIE RESOURCES INC., a corporation organized and existing under the laws of the Province of Alberta
By:  /s/ Jennifer S. Grafton                     Jennifer S. Grafton 
Assistant Secretary

(Signature Page to Consent and Second Amendment to Second Amended and Restated Loan and Security Agreement)

	
		
	 
	PRAIRIE MINES & ROYALTY ULC, an unlimited liability company organized under the laws of the Province of Alberta
By:  /s/ Jennifer S. Grafton                     Jennifer S. Grafton 
Assistant Secretary

	 
	COAL VALLEY RESOURCES INC., a corporation organized and existing under the laws of the Province of Alberta
By:  /s/ Jennifer S. Grafton                     Jennifer S. Grafton 
Assistant Secretary

	 
	PRAIRIE COAL LTD., a corporation organized and existing under the laws of the Province of Saskatchewan
By:  /s/ Jennifer S. Grafton                     Jennifer S. Grafton 
Assistant Secretary

	 
	WILLOWVAN MINING LTD., a  corporation organized and existing under the laws of the Province of Saskatchewan
By:  /s/ Jennifer S. Grafton                     Jennifer S. Grafton 
Assistant Secretary

	CANADIAN BORROWERS:
	POPLAR RIVER COAL MINING PARTNERSHIP, a partnership organized and existing under the laws of the Province of Saskatchewan
By:  Prairie Mines & Royalty ULC,  
   its partner
By:  /s/ Jennifer S. Grafton                     Jennifer S. Grafton 
Assistant Secretary

(Signature Page to Consent and Second Amendment to Second Amended and Restated Loan and Security Agreement)

	
		
	WCC BV:
	WCC HOLDING B.V., a B.V. organized and existing under the laws of the Netherlands
By:  /s/ Jason William Veenstra                Jason William Veenstra 
Managing Director A
By: /s/ R.H.W. Funnekotter                   R.H.W. Funnekotter 
Managing Director B

(Signature Page to Consent and Second Amendment to Second Amended and Restated Loan and Security Agreement)

	
		
	ADMINISTRATIVE AGENT  
AND A LENDER:
	THE PRIVATEBANK AND TRUST COMPANY
By:  /s/ Douglas Colletti               Douglas Colletti 
Managing Director 

(Signature Page to Consent and Second Amendment to Second Amended and Restated Loan and Security Agreement)

	
		
	LENDER:
	BANK OF THE WEST
By:  /s/ Mark Sunderland                 Mark Sunderland 
Vice President

EXHIBIT A
Closing Checklist
(See attached)

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